Consumer products
Price
$97.26
+0.87%Market Cap
$11.76B
Day High
$98.20
Day Low
$96.10
CLX delivered essentially flat Q3 FY2026 results with revenue up just 0.1% to $1.67B and net income up 0.5% to $187M, while gross margin compressed 137 bps to 43.2% due to higher cost of revenue, and a large debt issuance dramatically reshaped the balance sheet, pushing stockholders' equity into negative territory.
Key risk: Negative Stockholders' Equity and Highly Leveraged Balance Sheet
CLX's stockholders' equity stands at -$67M with total liabilities of $6.344B against total assets of $6.436B, leaving virtually no equity cushion. The debt-to-equity ratio is deeply negative (-94.7x), meaning the company is technically insolvent on a book-value basis, which could constrain future financing flexibility or trigger covenant concerns.
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