Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
The Clorox Company
Physical assets are 34.5% of total assets, a mixed footprint. Capex is 0.84x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by 0.79x, which is below 1.
Fixed-asset turnover is 3.51x. Compare it with other names in the same basket.
Physical asset ratio
34.5%Physical asset ratio · 2026-06-30(Net PP&E + inventory) / total assetsNet PP&E$1.91BpropertyPlantAndEquipmentNetInventory$777.00MinventoryTotal assets$7.79BtotalAssetsResult 34.5%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
3.51xFixed asset turnover · 2026-06-30Revenue / net PP&ERevenue$6.72BtotalRevenueNet PP&E$1.91BpropertyPlantAndEquipmentNetResult 3.51x
Revenue per dollar of the physical asset base.
Capex / D&A
0.84xCapex / D&A · 2026-06-30Capital expenditures / depreciation and amortizationCapex$207.00McapitalExpendituresD&A$247.00MdepreciationAndAmortizationResult 0.84x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$18.82Tangible book / share · 2026-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$7.79BtotalAssetsGoodwill$1.95BgoodWillIntangibles$606.00MintangibleAssetsLiabilities$7.54BtotalLiabTangible book-$2.30BShares122,132,000commonStockSharesOutstandingResult -$18.82
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice$99.99Latest quoteTangible book / share-$18.822026-06-30Tangible book per share is not positive, so the multiple is left blank.Result —
Price $99.99.
Fixed-charge coverage
0.79xFixed-charge coverage · 2026-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$1.17BebitdaCapex$207.00McapitalExpendituresInterest$130.00MinterestExpenseShort-term debt$1.09BshortLongTermDebtEBITDA − capex$961.00MPrincipal due is the current portion of debt.Result 0.79x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
3.4%Free cash flow yield · 2026-06-30Latest free cash flow / current market capFree cash flow$405.00MfreeCashFlowMarket cap$12.06BMarketCapitalizationResult 3.4%
Latest free cash flow divided by current market cap ($12.06B).
ROIC
23.1%ROIC · 2026-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.66BoperatingIncomeTax expense$190.00MincomeTaxExpensePretax income$791.00MincomeBeforeTaxTax rate24.0%Equity$90.00MtotalStockholderEquityDebt$5.52BshortLongTermDebtTotalCash$143.00McashInvested capital$5.47BResult 23.1%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.87x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 30.2%Physical asset ratio · 2019-06-30(Net PP&E + inventory) / total assetsNet PP&E$1.03BpropertyPlantEquipmentInventory$512.00MinventoryTotal assets$5.12BtotalAssetsResult 30.2% | 6.01xFixed asset turnover · 2019-06-30Revenue / net PP&ERevenue$6.21BtotalRevenueNet PP&E$1.03BpropertyPlantEquipmentResult 6.01x | 1.14xCapex / D&A · 2019-06-30Capital expenditures / depreciation and amortizationCapex$206.00McapitalExpendituresD&A$180.00MdepreciationAndAmortizationResult 1.14x | -$14.98Tangible book / share · 2019-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$5.12BtotalAssetsGoodwill$1.59BgoodWillIntangibles$912.00MintangibleAssetsLiabilities$4.56BtotalLiabTangible book-$1.94BShares129,792,000commonStockSharesOutstandingResult -$14.98 | 2.22xFixed-charge coverage · 2019-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$1.30BebitdaCapex$206.00McapitalExpendituresInterest$97.00MinterestExpenseShort-term debt$396.00MshortTermDebtEBITDA − capex$1.10BPrincipal due is short-term debt.Result 2.22x | $786.00MFree cash flow · 2019-06-30Reported free cash flowOperating cash flow$992.00MtotalCashFromOperatingActivitiesCapex$206.00McapitalExpendituresFree cash flow$786.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $786.00M | 28.3%ROIC · 2019-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.11BoperatingIncomeTax expense$204.00MincomeTaxExpensePretax income$1.02BincomeBeforeTaxTax rate19.9%Equity$559.00MtotalStockholderEquityDebt$2.68BshortLongTermDebtTotalCash$111.00McashAndEquivalentsInvested capital$3.13BResult 28.3% | 1.07xEBIT / PP&E · 2019-06-30Operating income / net PP&EOperating income$1.11BoperatingIncomeNet PP&E$1.03BpropertyPlantEquipmentResult 1.07x |
| 2020 | 30.0%Physical asset ratio · 2020-06-30(Net PP&E + inventory) / total assetsNet PP&E$1.41BpropertyPlantEquipmentInventory$454.00MinventoryTotal assets$6.21BtotalAssetsResult 30.0% | 4.77xFixed asset turnover · 2020-06-30Revenue / net PP&ERevenue$6.72BtotalRevenueNet PP&E$1.41BpropertyPlantEquipmentResult 4.77x | 1.41xCapex / D&A · 2020-06-30Capital expenditures / depreciation and amortizationCapex$254.00McapitalExpendituresD&A$180.00MdepreciationAndAmortizationResult 1.41x | -$12.24Tangible book / share · 2020-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$6.21BtotalAssetsGoodwill$1.58BgoodWillIntangibles$894.00MintangibleAssetsLiabilities$5.31BtotalLiabTangible book-$1.56BShares127,671,000commonStockSharesOutstandingResult -$12.24 | 7.42xFixed-charge coverage · 2020-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$1.46BebitdaCapex$254.00McapitalExpendituresInterest$99.00MinterestExpenseShort-term debt$64.00MshortTermDebtEBITDA − capex$1.21BPrincipal due is short-term debt.Result 7.42x | $1.29BFree cash flow · 2020-06-30Reported free cash flowOperating cash flow$1.55BtotalCashFromOperatingActivitiesCapex$254.00McapitalExpendituresFree cash flow$1.29BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $1.29B | 31.6%ROIC · 2020-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.26BoperatingIncomeTax expense$246.00MincomeTaxExpensePretax income$1.19BincomeBeforeTaxTax rate20.8%Equity$908.00MtotalStockholderEquityDebt$3.12BshortLongTermDebtTotalCash$871.00McashAndEquivalentsInvested capital$3.16BResult 31.6% | 0.90xEBIT / PP&E · 2020-06-30Operating income / net PP&EOperating income$1.26BoperatingIncomeNet PP&E$1.41BpropertyPlantEquipmentResult 0.90x |
| 2021 | 37.7%Physical asset ratio · 2021-06-30(Net PP&E + inventory) / total assetsNet PP&E$1.63BpropertyPlantEquipmentInventory$752.00MinventoryTotal assets$6.33BtotalAssetsResult 37.7% | 4.49xFixed asset turnover · 2021-06-30Revenue / net PP&ERevenue$7.34BtotalRevenueNet PP&E$1.63BpropertyPlantEquipmentResult 4.49x | 1.57xCapex / D&A · 2021-06-30Capital expenditures / depreciation and amortizationCapex$331.00McapitalExpendituresD&A$211.00MdepreciationAndAmortizationResult 1.57x | -$14.93Tangible book / share · 2021-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$6.33BtotalAssetsGoodwill$1.58BgoodWillIntangibles$918.00MintangibleAssetsLiabilities$5.74BtotalLiabTangible book-$1.90BShares127,299,000commonStockSharesOutstandingResult -$14.93 | 2.20xFixed-charge coverage · 2021-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$1.21BebitdaCapex$331.00McapitalExpendituresInterest$99.00MinterestExpenseShort-term debt$300.00MshortLongTermDebtEBITDA − capex$879.00MPrincipal due is the current portion of debt.Result 2.20x | $945.00MFree cash flow · 2021-06-30Reported free cash flowOperating cash flow$1.28BtotalCashFromOperatingActivitiesCapex$331.00McapitalExpendituresFree cash flow$945.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $945.00M | 28.5%ROIC · 2021-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.23BoperatingIncomeTax expense$181.00MincomeTaxExpensePretax income$900.00MincomeBeforeTaxTax rate20.1%Equity$592.00MtotalStockholderEquityDebt$3.17BshortLongTermDebtTotalCash$319.00McashAndEquivalentsInvested capital$3.44BResult 28.5% | 0.75xEBIT / PP&E · 2021-06-30Operating income / net PP&EOperating income$1.23BoperatingIncomeNet PP&E$1.63BpropertyPlantEquipmentResult 0.75x |
| 2022 | 39.5%Physical asset ratio · 2022-06-30(Net PP&E + inventory) / total assetsNet PP&E$1.68BpropertyPlantEquipmentInventory$755.00MinventoryTotal assets$6.16BtotalAssetsResult 39.5% | 4.24xFixed asset turnover · 2022-06-30Revenue / net PP&ERevenue$7.11BtotalRevenueNet PP&E$1.68BpropertyPlantEquipmentResult 4.24x | 1.12xCapex / D&A · 2022-06-30Capital expenditures / depreciation and amortizationCapex$251.00McapitalExpendituresD&A$224.00MdepreciationAndAmortizationResult 1.12x | -$13.82Tangible book / share · 2022-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$6.16BtotalAssetsGoodwill$1.56BgoodWillIntangibles$884.00MintangibleAssetsLiabilities$5.43BtotalLiabTangible book-$1.71BShares123,906,000commonStockSharesOutstandingResult -$13.82 | 2.00xFixed-charge coverage · 2022-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$937.00MebitdaCapex$251.00McapitalExpendituresInterest$106.00MinterestExpenseShort-term debt$237.00MshortLongTermDebtEBITDA − capex$686.00MPrincipal due is the current portion of debt.Result 2.00x | $535.00MFree cash flow · 2022-06-30Reported free cash flowOperating cash flow$786.00MtotalCashFromOperatingActivitiesCapex$251.00McapitalExpendituresFree cash flow$535.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $535.00M | 15.3%ROIC · 2022-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$719.00MoperatingIncomeTax expense$136.00MincomeTaxExpensePretax income$607.00MincomeBeforeTaxTax rate22.4%Equity$729.00MtotalStockholderEquityDebt$3.10BshortLongTermDebtTotalCash$183.00McashAndEquivalentsInvested capital$3.65BResult 15.3% | 0.43xEBIT / PP&E · 2022-06-30Operating income / net PP&EOperating income$719.00MoperatingIncomeNet PP&E$1.68BpropertyPlantEquipmentResult 0.43x |
| 2023 | 40.2%Physical asset ratio · 2023-06-30(Net PP&E + inventory) / total assetsNet PP&E$1.69BpropertyPlantEquipmentInventory$696.00MinventoryTotal assets$5.95BtotalAssetsResult 40.2% | 4.37xFixed asset turnover · 2023-06-30Revenue / net PP&ERevenue$7.39BtotalRevenueNet PP&E$1.69BpropertyPlantEquipmentResult 4.37x | 0.97xCapex / D&A · 2023-06-30Capital expenditures / depreciation and amortizationCapex$228.00McapitalExpendituresD&A$236.00MdepreciationAndAmortizationResult 0.97x | -$12.69Tangible book / share · 2023-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$5.95BtotalAssetsGoodwill$1.25BgoodWillIntangibles$712.00MintangibleAssetsLiabilities$5.56BtotalLiabTangible book-$1.58BShares124,181,000commonStockSharesOutstandingResult -$12.69 | 2.40xFixed-charge coverage · 2023-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$564.00MebitdaCapex$228.00McapitalExpendituresInterest$90.00MinterestExpenseShort-term debt$50.00MshortLongTermDebtEBITDA − capex$336.00MPrincipal due is the current portion of debt.Result 2.40x | $930.00MFree cash flow · 2023-06-30Reported free cash flowOperating cash flow$1.16BtotalCashFromOperatingActivitiesCapex$228.00McapitalExpendituresFree cash flow$930.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $930.00M | 18.9%ROIC · 2023-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$823.00MoperatingIncomeTax expense$77.00MincomeTaxExpensePretax income$238.00MincomeBeforeTaxTax rate32.4%Equity$388.00MtotalStockholderEquityDebt$2.92BshortLongTermDebtTotalCash$367.00McashAndEquivalentsInvested capital$2.95BResult 18.9% | 0.49xEBIT / PP&E · 2023-06-30Operating income / net PP&EOperating income$823.00MoperatingIncomeNet PP&E$1.69BpropertyPlantEquipmentResult 0.49x |
| 2024 | 40.8%Physical asset ratio · 2024-06-30(Net PP&E + inventory) / total assetsNet PP&E$1.71BpropertyPlantEquipmentInventory$637.00MinventoryTotal assets$5.75BtotalAssetsResult 40.8% | 4.15xFixed asset turnover · 2024-06-30Revenue / net PP&ERevenue$7.09BtotalRevenueNet PP&E$1.71BpropertyPlantEquipmentResult 4.15x | 0.90xCapex / D&A · 2024-06-30Capital expenditures / depreciation and amortizationCapex$212.00McapitalExpendituresD&A$235.00MdepreciationAndAmortizationResult 0.90x | -$11.35Tangible book / share · 2024-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$5.75BtotalAssetsGoodwill$1.23BgoodWillIntangibles$681.00MintangibleAssetsLiabilities$5.26BtotalLiabTangible book-$1.42BShares124,804,000commonStockSharesOutstandingResult -$11.35 | 5.44xFixed-charge coverage · 2024-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$723.00MebitdaCapex$212.00McapitalExpendituresInterest$90.00MinterestExpenseShort-term debt$4.00MshortLongTermDebtEBITDA − capex$511.00MPrincipal due is the current portion of debt.Result 5.44x | $483.00MFree cash flow · 2024-06-30Reported free cash flowOperating cash flow$695.00MtotalCashFromOperatingActivitiesCapex$212.00McapitalExpendituresFree cash flow$483.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $483.00M | 16.6%ROIC · 2024-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$723.00MoperatingIncomeTax expense$106.00MincomeTaxExpensePretax income$398.00MincomeBeforeTaxTax rate26.6%Equity$492.00MtotalStockholderEquityDebt$2.90BshortLongTermDebtTotalCash$202.00McashAndEquivalentsInvested capital$3.19BResult 16.6% | 0.42xEBIT / PP&E · 2024-06-30Operating income / net PP&EOperating income$723.00MoperatingIncomeNet PP&E$1.71BpropertyPlantEquipmentResult 0.42x |
| 2025 | 38.2%Physical asset ratio · 2025-06-30(Net PP&E + inventory) / total assetsNet PP&E$1.60BpropertyPlantEquipmentInventory$523.00MinventoryTotal assets$5.56BtotalAssetsResult 38.2% | 4.44xFixed asset turnover · 2025-06-30Revenue / net PP&ERevenue$7.10BtotalRevenueNet PP&E$1.60BpropertyPlantEquipmentResult 4.44x | 1.00xCapex / D&A · 2025-06-30Capital expenditures / depreciation and amortizationCapex$220.00McapitalExpendituresD&A$219.00MdepreciationAndAmortizationResult 1.00x | -$10.56Tangible book / share · 2025-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$5.56BtotalAssetsGoodwill$1.23BgoodWillIntangibles$566.00MintangibleAssetsLiabilities$5.08BtotalLiabTangible book-$1.31BShares124,287,000commonStockSharesOutstandingResult -$10.56 | 12.66xFixed-charge coverage · 2025-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$1.39BebitdaCapex$220.00McapitalExpendituresInterest$88.00MinterestExpenseShort-term debt$4.00MshortLongTermDebtEBITDA − capex$1.17BPrincipal due is the current portion of debt.Result 12.66x | $761.00MFree cash flow · 2025-06-30Reported free cash flowOperating cash flow$981.00MtotalCashFromOperatingActivitiesCapex$220.00McapitalExpendituresFree cash flow$761.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $761.00M | 28.2%ROIC · 2025-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.18BoperatingIncomeTax expense$254.00MincomeTaxExpensePretax income$1.08BincomeBeforeTaxTax rate23.6%Equity$482.00MtotalStockholderEquityDebt$2.88BshortLongTermDebtTotalCash$167.00McashAndEquivalentsInvested capital$3.20BResult 28.2% | 0.74xEBIT / PP&E · 2025-06-30Operating income / net PP&EOperating income$1.18BoperatingIncomeNet PP&E$1.60BpropertyPlantEquipmentResult 0.74x |
| 2026 | 34.5%Physical asset ratio · 2026-06-30(Net PP&E + inventory) / total assetsNet PP&E$1.91BpropertyPlantAndEquipmentNetInventory$777.00MinventoryTotal assets$7.79BtotalAssetsResult 34.5% | 3.51xFixed asset turnover · 2026-06-30Revenue / net PP&ERevenue$6.72BtotalRevenueNet PP&E$1.91BpropertyPlantAndEquipmentNetResult 3.51x | 0.84xCapex / D&A · 2026-06-30Capital expenditures / depreciation and amortizationCapex$207.00McapitalExpendituresD&A$247.00MdepreciationAndAmortizationResult 0.84x | -$18.82Tangible book / share · 2026-06-30(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$7.79BtotalAssetsGoodwill$1.95BgoodWillIntangibles$606.00MintangibleAssetsLiabilities$7.54BtotalLiabTangible book-$2.30BShares122,132,000commonStockSharesOutstandingResult -$18.82 | 0.79xFixed-charge coverage · 2026-06-30(EBITDA − capex) / (interest + short-term debt)EBITDA$1.17BebitdaCapex$207.00McapitalExpendituresInterest$130.00MinterestExpenseShort-term debt$1.09BshortLongTermDebtEBITDA − capex$961.00MPrincipal due is the current portion of debt.Result 0.79x | $405.00MFree cash flow · 2026-06-30Reported free cash flowOperating cash flow$612.00MtotalCashFromOperatingActivitiesCapex$207.00McapitalExpendituresFree cash flow$405.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $405.00M | 23.1%ROIC · 2026-06-30Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$1.66BoperatingIncomeTax expense$190.00MincomeTaxExpensePretax income$791.00MincomeBeforeTaxTax rate24.0%Equity$90.00MtotalStockholderEquityDebt$5.52BshortLongTermDebtTotalCash$143.00McashInvested capital$5.47BResult 23.1% | 0.87xEBIT / PP&E · 2026-06-30Operating income / net PP&EOperating income$1.66BoperatingIncomeNet PP&E$1.91BpropertyPlantAndEquipmentNetResult 0.87x |
- Principal due is the current portion of debt.
Latest year inputs (2026)
Net PP&E: $1.91B
Inventory: $777.00M
Total assets: $7.79B
Goodwill: $1.95B
Intangibles: $606.00M
Liabilities: $7.54B
Tangible book: -$2.30B
Shares: 122,132,000
Revenue: $6.72B
Capex: $207.00M
D&A: $247.00M
EBITDA: $1.17B
Interest: $130.00M
Short-term debt: $1.09B
Free cash flow: $405.00M
Operating income: $1.66B
Invested capital: $5.47B
Tax rate: 24.0%