The Estée Lauder Companies Inc. (EL)
Estée Lauder makes prestige skincare, makeup, and fragrance brands sold in department stores and travel retail.
EL vs MDLZ: how the two businesses compare
- Bigger business: MDLZ, with $38.5B of yearly revenue, about 2.7× EL's $14.3B.
- More profitable: MDLZ keeps 6 cents of each sales dollar as profit; EL lost money over the year.
- More cash from each sale: MDLZ turns 12 cents of each sales dollar into operating cash flow, against 9 cents at EL.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
Mondelez International (MDLZ) is the larger business by reported revenue: $38.5B in its fiscal year ended Dec 2025, about 2.7× EL's $14.3B (fiscal year ended Jun 2025). EL's net margin was -7.9% and MDLZ's 6.4%. The SEC classifies them differently (Perfumes, Cosmetics & Other Toilet Preparations; Food and Kindred Products); what connects them is shared exposure to the International markets research theme, not a common industry.
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Consumer Staples
- Different
- Separate classifications
- Different
- EL June 30 · MDLZ December 31
- Aug 19, 2026
EL vs MDLZ: quick comparison
| Company fact | EL | MDLZ |
|---|---|---|
| Company | The Estée Lauder Companies Inc. | Mondelez International, Inc. |
| Exchange | NYSE | NASDAQ |
| Headquarters | — | Chicago, Illinois |
| Founded | — | 2012 |
| SEC industry | Perfumes, Cosmetics & Other Toilet Preparations | Food and Kindred Products |
| Fiscal year-end | June 30 | December 31 |
| Latest annual filing | 10-K · 2026-08-19 | 10-K · 2026-02-04 |
EL vs MDLZ: audited financials
- Scale: MDLZ's $38.5B of revenue is about 2.7× EL's $14.3B.
- Net margin: MDLZ kept 6.4% of revenue as net income versus -7.9% at EL.
- Cash conversion: operating cash flow equalled EL 8.9% of revenue; MDLZ 11.7% of revenue, or 1.84× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: the fiscal years end about 6 months apart (2025-06-30 for EL, 2025-12-31 for MDLZ), so each figure reflects somewhat different demand and cost conditions.
| Metric | EL | MDLZ |
|---|---|---|
| Revenue | $14.3B2024-07-01 to 2025-06-30 · SEC filing | $38.5B2025-01-01 to 2025-12-31 · SEC filing |
| Net income | −$1.1B2024-07-01 to 2025-06-30 · SEC filing | $2.5B2025-01-01 to 2025-12-31 · SEC filing |
| Operating cash flow | $1.3B2024-07-01 to 2025-06-30 · SEC filing | $4.5B2025-01-01 to 2025-12-31 · SEC filing |
| Diluted EPS | −$3.152024-07-01 to 2025-06-30 · SEC filing | $1.892025-01-01 to 2025-12-31 · SEC filing |
| Net margin | -7.9%2024-07-01 to 2025-06-30 · SEC filing | 6.4%2025-01-01 to 2025-12-31 · SEC filing |
EL: FY ending 2025-06-30 · MDLZ: FY ending 2025-12-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where EL and MDLZ overlap, and where they don't
Overlap
- Shared research theme: International markets.
Differences
- Different SEC industries: EL files as Perfumes, Cosmetics & Other Toilet Preparations; MDLZ as Food and Kindred Products.
- Offset fiscal calendars: EL's year ends June 30 and MDLZ's December 31, about 6 months apart.
- Scale: MDLZ reported about 2.7× the annual revenue of EL.
- Profitability: net margin of -7.9% for EL versus 6.4% for MDLZ.
- EL reported a net loss of $1.1B in its fiscal year ended Jun 2025.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
Mondelez International, Inc. (MDLZ)
Mondelez owns global snack brands including Oreo, Cadbury, and Ritz, with strong positions in chocolate and biscuits. A large emerging-market presence exposes it to both currency swings and commodity cocoa prices.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves EL
We have not yet published a company-specific driver list for EL. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-08-19.
What moves MDLZ
We have not yet published a company-specific driver list for MDLZ. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-04.
The investment question
You now know MDLZ reports about 2.7× EL's revenue, and MDLZ keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about their exposure to international markets, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. EL's fiscal year ends June 30, while MDLZ's ends December 31. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 9 matched transaction rows for EL and 20 matched transaction rows for MDLZ. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
EL primary filings
MDLZ primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
EL vs MDLZ FAQs
Are EL and MDLZ direct competitors?
Not necessarily. Estée Lauder Companies files as Perfumes, Cosmetics & Other Toilet Preparations and Mondelez International as Food and Kindred Products. The pair is compared because both map to the International markets research theme, not because the filings show head-to-head competition.
Is EL or MDLZ the bigger company by revenue?
Mondelez International (MDLZ) is the larger business by reported revenue: $38.5B in its fiscal year ended Dec 2025, about 2.7× EL's $14.3B (fiscal year ended Jun 2025). EL's net margin was -7.9% and MDLZ's 6.4%. The SEC classifies them differently (Perfumes, Cosmetics & Other Toilet Preparations; Food and Kindred Products); what connects them is shared exposure to the International markets research theme, not a common industry. Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, EL or MDLZ?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this EL vs MDLZ comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers The Estée Lauder Companies Inc. and Mondelez International, Inc. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
EL vs MDLZ compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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