Newell Brands
NWLNASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $5.93 Prior regular-session close from the quote source.
- $5.80–$5.92 Regular-session low and high so far today.
- 4.6M Regular-session shares traded · Nov 11, 4:00 PM ET.
- Feb 5 projected Projected for 2027-02-05 from the company’s own results filings (SEC 8-K Item 2.02). The company has not confirmed the date.
- $3.20–$7.13 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own NWL if brand demand stabilizes and recent gross-margin repair finally flows through to GAAP operating income and cash.
NWL price history
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Investment thesis
What must happen next
Retailer and consumer pull for Newell's remaining branded categories stabilizes after the reset, so shelf space converts into steady sales rather than continued shrinkage.WeakeningMateriality: High
FY2025 annual GAAP revenue was still $7.204 billion, showing the portfolio retains meaningful scale and distribution. If demand stabilizes, margin repair can create operating leverage; if the brands keep losing relevance, cost actions only slow the decline.
Watch: Large retailers reduce Newell shelf space or digital placement in favor of private-label alternatives.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 annual GAAP revenue was still $7.204 billion, showing the portfolio retains meaningful scale and distribution.
Open source ↗Pricing, mix, sourcing, and productivity offset commodity, freight, and retailer pressure enough for gross-margin repair to hold.StrengtheningMateriality: High
FY2025 annual GAAP gross profit was $2.432 billion on $7.204 billion of revenue, implying a gross margin of about 33.8%. Sustained gross margin is the first proof that Newell still has some pricing and cost-control power despite weak sales.
Watch: Resin, packaging, labor, or freight inflation returns faster than Newell can price or source around it.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 annual GAAP gross profit was $2.432 billion on $7.204 billion of revenue, implying a gross margin of about 33.8%.
Open source ↗Simplification and overhead discipline begin converting gross profit into GAAP operating profit instead of leaving value trapped in SG&A, restructuring, and stranded costs.WeakeningMateriality: Medium
FY2025 annual GAAP operating income was positive at $39 million, compared with a GAAP operating loss of $85 million in FY2023. Equity value depends on margin flow-through, not just better gross margin; without operating leverage, the turnaround does not create durable earnings power.
Watch: Cost cuts impair brand support, innovation, service levels, or on-time delivery, causing sales erosion to offset savings.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 annual GAAP operating income was positive at $39 million, compared with a GAAP operating loss of $85 million in.
Open source ↗Working-capital discipline and operating improvement generate enough cash to fund reinvestment and balance-sheet repair without relying on dilution or distressed asset sales.HoldingMateriality: Medium
FY2025 annual GAAP operating cash flow was positive at $264 million. For a levered turnaround, cash conversion determines whether shareholders capture the recovery or creditors and restructuring needs absorb it.
Watch: Retailers lengthen payment terms or require higher inventory support, reversing working-capital benefits.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 annual GAAP operating cash flow was positive at $264 million.
Open source ↗
Full investment case & evidence
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Original research
Retailer and consumer pull for Newell's remaining branded categories stabilizes after the reset, so shelf space converts into steady sales rather than continued shrinkage. If demand stabilizes, margin repair can create operating leverage; if the brands keep losing relevance, cost actions only slow the decline.
Pricing, mix, sourcing, and productivity offset commodity, freight, and retailer pressure enough for gross-margin repair to hold. Sustained gross margin is the first proof that Newell still has some pricing and cost-control power despite weak sales.
Simplification and overhead discipline begin converting gross profit into GAAP operating profit instead of leaving value trapped in SG&A, restructuring, and stranded costs. Equity value depends on margin flow-through, not just better gross margin; without operating leverage, the turnaround does not create durable earnings power.
Working-capital discipline and operating improvement generate enough cash to fund reinvestment and balance-sheet repair without relying on dilution or distressed asset sales. For a levered turnaround, cash conversion determines whether shareholders capture the recovery or creditors and restructuring needs absorb it.
All standing thesis claims
Original report summary
brand demand stabilizes and recent gross-margin repair finally flows through to GAAP operating income and cash.
Bull case and bear case
Bull case and bear case for Newell Brands
Where the evidence on Newell Brands disagrees: Mixed on the latest evidence (Oct 25, 2026). Of its 4 thesis points, 1 strengthening, 1 holding and 2 weakening.
Bull case: what the evidence supports
Pricing, mix, sourcing, and productivity offset commodity, freight, and retailer pressure enough for gross-margin repair to hold.
Working-capital discipline and operating improvement generate enough cash to fund reinvestment and balance-sheet repair without relying on dilution or distressed asset sales.
Bear case: what the evidence questions
Retailer and consumer pull for Newell's remaining branded categories stabilizes after the reset, so shelf space converts into steady sales rather than continued shrinkage.
Simplification and overhead discipline begin converting gross profit into GAAP operating profit instead of leaving value trapped in SG&A, restructuring, and stranded costs.
Thesis-Break Engine
What has broken in Newell Brands’s thesis
Each break OptimistFi flagged on Newell Brands, dated — with what has historically followed the same kind of break across the market, not a forecast for Newell Brands.
- CEO / officer changecondition set before this filing
Across all companies, this kind of break has happened 16,849 times before. Those stocks trailed comparable companies by a median of 2% over the next six months, and 38% of them trailed it by 10 points or more.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedDirector or principal officer change.
Newell Brands filed an SEC 8-K on 2026-10-20: Director or principal officer change. It is a dated development that tests the current thesis.
- MixedEntered a material definitive agreement.
Newell Brands filed an SEC 8-K on 2026-10-02: Entered a material definitive agreement. It is a dated development that tests the current thesis.
- MixedEntered a material definitive agreement.
Newell Brands filed an SEC 8-K on 2026-08-19: Entered a material definitive agreement. It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Large retailers reduce Newell shelf space or digital placement in favor of private-label alternatives.
- Resin, packaging, labor, or freight inflation returns faster than Newell can price or source around it.
- Cost cuts impair brand support, innovation, service levels, or on-time delivery, causing sales erosion to offset savings.
- Retailers lengthen payment terms or require higher inventory support, reversing working-capital benefits.
NWL news
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Financial statements
NWL income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
NWL: quick answers
- When does Newell Brands (NWL) report earnings next?
- Newell Brands's next results are projected for February 5, 2027, from the dates of its own results filings with the SEC. The company has not confirmed the date. It last reported on October 30, 2026. Earnings calendar
- What is NWL's short interest?
- As of October 30, 2026, 39.7M NWL shares were sold short, 9.32% of its shares outstanding, down 1.2% from the count before. At the stock's average daily volume that is 7.1 days to cover. FINRA publishes the count twice a month. NWL short interest history
- Have members of Congress traded NWL?
- 67 trades in NWL have been disclosed under the STOCK Act by members of Congress, the President or senior officials, none in reports made public in the last 90 days. Every disclosed NWL trade
- Which well-known investors own NWL?
- 1 of the 37 well-known funds tracked here reported NWL shares in their latest 13F filing. By share of the fund's portfolio: Bridgewater Associates (Ray Dalio), 0.0%. Fund portfolios
NWL in well-known investors’ portfolios
1 of 37 funds reported NWL shares in their latest 13F filing. A 13F shows quarter-end positions and arrives up to 45 days later.
| Fund | Of its portfolio | Value | Change | Quarter |
|---|---|---|---|---|
| Ray DalioBridgewater Associates | 0.01% | $1.5M | +122.7% | Q2 2026 |