Newell Brands
NWL on Nasdaq. Newell Brands sells household products such as appliances, cookware, and personal care items to consumers. Market value $2.3bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Materials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $4.99 of spare cash in the past 12 months. A savings account pays about $4.
You pay 43.7 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 1 cents a year. Above 10 is good.
Quality score: 28 of 100. Price score: 27 of 100. Our list needs 70 on quality and 60 on price.
$5.55 a share, 81% above its 1-year low
Over the past year the price has ranged from $3.07 to $7.13.
Dividend: 5.1% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: $118 million in the past 12 months, $17 million in the year to December 2025.
| Revenue | |||||
| Revenue | $10.6bn | $9.5bn | $8.1bn | $7.6bn | $7.2bn |
| Operating margin | |||||
| Operating margin | 9.6% | 3.3% | -1.0% | 0.9% | 0.5% |
| Debt to equity | |||||
| Debt to equity | 1.18 | 1.53 | 1.58 | 1.67 | 1.95 |
| Shares outstanding | |||||
| Shares outstanding | 0.41bn | 0.41bn | 0.42bn | 0.42bn | 0.43bn |
Health checks
- Free cash flow positive4 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)3 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- Debt1.95× equity
- Revenue growth, five yearsShrinking, 5.2% a year
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $2 billion last quarter, up 3% on a year ago.
- Profit: $106 million, up 130% on a year ago.
- It keeps 2 cents of each $1 of sales as operating profit, up from 1 cents a year earlier.
- Spare cash over the past 12 months: $118 million. A year earlier it spent $104 million more than it brought in.
- 2% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $4.8 billion more than cash, down from $4.9 billion a year ago.
- Sales grew on a year ago in 1 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $1.9bn |
| December 2024 | $1.9bn |
| March 2025 | $1.6bn |
| June 2025 | $1.9bn |
| September 2025 | $1.8bn |
| December 2025 | $1.9bn |
| March 2026 | $1.5bn |
| June 2026 | $2.0bn |
| Quarter to | Amount |
|---|---|
| September 2024 | -$198m |
| December 2024 | -$54m |
| March 2025 | -$37m |
| June 2025 | $46m |
| September 2025 | $21m |
| December 2025 | -$315m |
| March 2026 | -$33m |
| June 2026 | $106m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 13 February 2026
- Next quarterly (estimated, 10-Q)
- 30 October 2026
Who owns it
3 long-term investors we follow own it, unchanged from 3 last quarter. 425 funds in all.
- Pzena Investment ManagementRichard Pzena
- Value
- $295m
- Share of fund
- 0.9%
- LSV Asset ManagementJosef Lakonishok
- Value
- $208,000
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Pzena Investment ManagementRichard Pzena | $295m | 0.9% | |
| Gotham Asset ManagementJoel Greenblatt | $8m | <0.1% | Added |
| LSV Asset ManagementJosef Lakonishok | $208,000 | <0.1% |
Largest holders overall
- BlackRock$436mAdded
- Pzena Investment Management$295m
- AQR Capital Management$171mAdded
- Vanguard Portfolio Management$163mAdded
- Deprince Race & Zollo$133mAdded
- Vanguard Capital Management$117m
- State Street$111mAdded
- Massachusetts Financial Services$99mCut
- Rubric Capital Management LP$98mAdded
- Dimensional Fund Advisors LP$88mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
7 investors own more than 5%.
- BlackRock, Inc.Passive investor15.0%+3.6 ptsSince 30 June 2026
- Pzena Investment ManagementPassive investor11.9%Since 31 December 2024
- AQR Capital Management, LLCPassive investorat least 6.5%+1.4 pts(filed with 1 related holder)Since 31 March 2026
- Vanguard Portfolio ManagementPassive investor5.5%Since 31 March 2026
- Vanguard Capital ManagementPassive investor5.2%Since 31 March 2026
- DePrince, Race & Zollo, Inc.Passive investor5.1%Since 7 July 2026
- Dimensional Fund Advisors LPPassive investor5.0%0.0 ptsSince 30 September 2025
- Massachusetts Financial Services CompanyPassive investorSold down below 5%Since 30 June 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
- COOPER CREEK PARTNERS MANAGEMENT LLCPassive investorSold down below 5%Since 31 December 2025
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 15.0%+3.6 pts | 30 June 2026 | |
Pzena Investment Management Passive investor | 11.9% | 31 December 2024 | |
AQR Capital Management, LLC Passive investor | at least 6.5%+1.4 pts (filed with 1 related holder) | 31 March 2026 | |
Vanguard Portfolio Management Passive investor | 5.5% | 31 March 2026 | |
Vanguard Capital Management Passive investor | 5.2% | 31 March 2026 | |
DePrince, Race & Zollo, Inc. Passive investor | 5.1% | 7 July 2026 | |
Dimensional Fund Advisors LP Passive investor | 5.0%0.0 pts | 30 September 2025 | |
Massachusetts Financial Services Company Passive investor | Sold down below 5% | 30 June 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 | |
COOPER CREEK PARTNERS MANAGEMENT LLC Passive investor | Sold down below 5% | 31 December 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 4 sold $2m.
- Turner Bradford RChief Legal & Admin. OfficerSold
- Date
- 6 August 2026
- Shares
- 100,000
- Price
- $6.16
- Value
- $616,000
- Malkoski Kristine KayPresident, Learning & Dev.Sold
- Date
- 27 May 2026
- Shares
- 11,750
- Price
- $3.65
- Value
- $42,897
- Turner Bradford RChief Legal & Admin. OfficerSold
- Date
- 22 May 2026
- Shares
- 100,000
- Price
- $3.60
- Value
- $360,000
- Huet Melanie ArlenePresident, Home & Com - HomeSold
- Date
- 8 May 2026
- Shares
- 91,000
- Price
- $4.50
- Value
- $409,500
- Platt Tracy LChief Human Resources OfficerSold
- Date
- 4 May 2026
- Shares
- 96,169
- Price
- $4.65
- Value
- $447,186
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 6 August 2026 | Turner Bradford R Chief Legal & Admin. Officer | Sold | 100,000 | $6.16 | $616,000 |
| 27 May 2026 | Malkoski Kristine Kay President, Learning & Dev. | Sold | 11,750 | $3.65 | $42,897 |
| 22 May 2026 | Turner Bradford R Chief Legal & Admin. Officer | Sold | 100,000 | $3.60 | $360,000 |
| 8 May 2026 | Huet Melanie Arlene President, Home & Com - Home | Sold | 91,000 | $4.50 | $409,500 |
| 4 May 2026 | Platt Tracy L Chief Human Resources Officer | Sold | 96,169 | $4.65 | $447,186 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 13 Feb 2026, plus the 10-Q filed 31 Jul 2026 and 7 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have shrunk: 5.2% a year.
- It isn't cheap on profits: 43.7× operating profit.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.