Estée Lauder Companies (The) management check
EL · Consumer Staples · Personal Care Products · CEO Stéphane de La Faverie
Filings as of
2 good · 2 to watch · 3 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2022 grew to $27, against $146 for the peer group the company picked itself.
- Flag
Does pay follow performance?
Pay moved against returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of -0.56 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Flag
What does the CEO cost owners?
11.3% of net income$20.6m of reported pay in fiscal 2026, against $182.0m of net income.
- Watch
Do they own the stock?
Insiders are selling3 insiders sold $11.8m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.1% a year over the last three fiscal years. Stock-based pay was 2.1% of revenue in the latest year.
- Watch
Is leadership stable?
11 leadership filings in 3 yearsCEO in the pay table: Stéphane de La Faverie. 11 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Staples.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 0 | 31 | |
| Pay for performance | 22 | 84 | |
| CEO cost | 0 | 40 | |
| Skin in the game | — | — | 65 |
| Dilution | 51 | 60 | |
| Stable leadership | 70 | 70 | |
| Clean books | 100 | 100 |
Closest peers
Others in Personal Care Products, by management score. Estée Lauder Companies (The) is 31st of 33 in its sector.
- 393KVUEKenvue54
- 415PGProcter & Gamble51
- 466TSNTyson Foods41
- 468ELEstée Lauder Companies (The)41
- 473MKCMcCormick & Company38
- 475BF.BBrown–Forman37
Pay versus performance
From the proxy statement filed September 30, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | Stéphane de La Faverie | $20.6m | $19.0m | $7.6m | $27 | $146 | $182.0m |
| 2025 | — | $17.8m | $6.9m | $6.9m | $27 | $138 | −$1.1bn |
| 2024 | — | $17.9m | −$28.7m | $7.0m | $35 | $123 | $409.0m |
| 2023 | — | $21.8m | −$29.1m | $7.6m | $63 | $114 | $1.0bn |
| 2022 | — | $25.5m | −$14.8m | $11.2m | $81 | $107 | $2.4bn |
The board says pay is tied most to Adjusted Diluted EPS. Its other key measures: Adjusted Net Sales, Adjusted Return on Invested Capital, Adjusted Operating Income Margin Percent.
Insiders and the CEO's stake
3 insiders sold $11.8m in the last six months and none bought.
- SoldPaul J FribourgDirector$10.0mSep 14, 2026
- SoldLande Rashida LaExec VP & General Counsel$1.4mAug 28, 2026
- SoldCharlene BarshefskyDirector$373kSep 9, 2026
Leadership and governance on file
- Jul 24, 2026Leadership change8-K 5.02
- Aug 21, 2025Leadership change8-K 5.02
- Jul 15, 2025Leadership change8-K 5.02
- Feb 25, 2025Leadership change8-K/A 5.02
- Jan 10, 2025Leadership change8-K 5.02
- Dec 4, 2024Leadership change8-K 5.02
- Nov 13, 2024Leadership change8-K 5.02
- Nov 1, 2024Leadership change8-K 5.02
- Aug 20, 2024Leadership change8-K 5.02
- Jul 23, 2024Leadership change8-K 5.02
- Jul 16, 2024Leadership change8-K 5.02
- Aug 24, 2023Leadership change8-K 5.02
Latest shareholder vote results: Nov 18, 2025, including the say-on-pay vote.
Where the money went
Over 2021–2025: $7.5bn returned to owners in buybacks and dividends, 277% of net income, and $1.6bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $16.2bn | $17.7bn | $15.9bn | $15.6bn | $14.3bn |
| Net income | — | $2.4bn | $1.0bn | $409.0m | −$1.1bn |
| Stock-based pay | $327.0m | $331.0m | $267.0m | $325.0m | $304.0m |
| Buybacks | $733.0m | $2.3bn | $271.0m | $35.0m | $35.0m |
| Dividends | $753.0m | $840.0m | $925.0m | $947.0m | $618.0m |
| Diluted shares | 368m | 365m | 361m | 361m | 360m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.