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Procter & Gamble PG Work in process

Work in process at other companies

Kimberly-Clark logo
Kimberly-ClarkKMB
$146M-24.4%
3M logo
3MMMM
$1.13B+3.0%
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Colgate-PalmoliveCL
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KenvueKVUE

Other financials

Income statement

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Revenue$21.2B+7.4%
Gross profit$10.5B+4.3%
Operating income$4.6B+0.4%
Net income$3.9B+4.3%
EPS (diluted)$1.63+5.8%

Balance sheet

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Cash & equivalents$12.3B+35.0%
Total debt$23.9B-30.1%
Total assets$128.38B+4.4%

Cash flow

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Operating cash flow$4.0B+9.2%
CapEx$1.0B+18.6%
Free cash flow$3.0B+6.3%

Valuation

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Market cap$350.17B-16.0%
Enterprise value$361.72B-18.2%
P/E21.1×-5.8×
P/S-0.9×

Profitability

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Gross margin50.3%-1.0pp
Operating margin23.2%-0.6pp
Net margin19.2%+0.7pp

Returns & leverage

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Current ratio0.7×0.0×

Where this comes from

Reported directly by Procter & Gamble in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Procter & Gamble’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Procter & Gamble's work in process?
Procter & Gamble (PG) reported work in process of $1.06B in Q1 2026.
How has Procter & Gamble's work in process changed year-over-year?
Procter & Gamble's work in process increased by 11.1% year-over-year, from $957M to $1.06B.
What is the long-term trend for Procter & Gamble's work in process?
Over 4 years (2021 to 2025), Procter & Gamble's work in process has grown at a 8.9% compound annual growth rate (CAGR), from $719M to $1.01B.
What does work in process mean?
The value of products currently in the middle of the manufacturing process.
How do you interpret work in process?
A rising balance may indicate production bottlenecks or inefficiencies, while a stable or declining balance suggests a smooth, fast-moving production flow.
How does work in process compare across companies?
Varies by manufacturing complexity; lower levels are generally preferred to reduce capital tied up in production.