HLN · NYSE · Drug Manufacturers - Specialty & Generic

Haleon (ADR) (HLN)

Sells everyday-health brands assembled from the consumer portfolios of GSK, Novartis and Pfizer.

$9.26
vs last close−0.11 (−1.12%)
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Haleon plcHLN
Health Care

Sells everyday-health brands including Advil, Centrum, Theraflu and Otrivin. The portfolio was assembled through GSK's combinations with Novartis and Pfizer before its independent listing, and the business remains shaped by product innovation, supply-chain execution and inherited contractual dependencies.

Brings together consumer-health brands such as Advil, Centrum, Theraflu, Otrivin and Excedrin, with operations focused exclusively on everyday health rather than prescription pharmaceuticals or diversified consumer categories.

The portfolio was assembled inside GSK through combinations with Novartis and Pfizer, then separated as an independent business in 2022. Product innovation, manufacturing-footprint rationalisation, supply-chain optimisation and continued portfolio pruning shape the operating model.

Former parents have fully exited their holdings, leaving a fully public shareholder base. The business also inherits contractual dependencies from its joint-venture history, including a disputed interpretation of indemnification obligations tied to US Zantac litigation involving predecessor parents.

Company facts

CEOBrian McNamara
ListedJul 22, 2022
ExchangeNYSE
HeadquartersWeybridge, United Kingdom
CountryUnited Kingdom
Employees24,535
CIK0001900304
ISINUS4055521003

Market cap$41.22B
EPS (ttm)$0.4809
P/E (ttm)19.46
ROE9.9%
P/B1.90
P/S2.77
Dividend yieldDiv yield2.11%
Beta−0.04vs XLV 0.73

Price target$10.20+9.0%Average of 4 analysts
ConsensusBuy3 of 4 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jan 23, 2026BarclaysUpgrade
Rating: Equal Weight
Rating: Overweight
Sep 16, 2025BarclaysDowngrade
Rating: Overweight
Rating: Equal Weight

EPSReportedEstimate

Feb '24May '24Oct '24Feb '25Jul '25Oct '25Feb '26Jul '26
Reported$6.54$0.12$0.23$0.23$0.24$0.14$0.26$0.28
Estimate$10.27$0.11$0.11$0.22$0.24$0.24$0.25$0.27
Surprise−36.3%+9.1%+109.4%+5.2%−0.6%−42.8%+3.4%+3.6%

RevenueReportedEstimate

Feb '24May '24Oct '24Feb '25Jul '25Oct '25Feb '26Jul '26
Reported$7.04B$7.04B$7.28B$7.14B$7.25B$7.52B$7.51B$7.52B
Estimate$7.03B$7.03B$7.31B$6.91B$7.48B$2.76B$7.57B$7.43B
Surprise+0.1%+0.1%−0.3%+3.3%−3.0%+171.9%−0.8%+1.2%
Estimate$0.27
Reported$0.28+3.6%
Estimate$7.43B
Reported$7.52B+1.2%
View details

Debt to equity50.40%
Current ratio68.70%

ProfitabilityRevenueNet incomeNet margin

Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q4 FY25Q2 FY26
Revenue$3.89B$7.59B$3.71B$7.39B$3.65B$7.31B$7.36B$7.53B
Net income$564.1M$968.1M$646.8M$954.8M$537.4M$1.07B$1.14B$1.02B
Net margin14.5%12.8%17.4%12.9%14.7%14.7%15.5%13.6%

GrowthOperating income

Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q4 FY25Q2 FY26
Operating income$873.5M$1.53B$940.1M$1.41B$802.1M$1.60B$1.67B$1.79B
YoY growth+0.9%+23.4%−8.2%+4.5%+18.5%+11.9%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.09B · Total debt $10.94B · Total assets $43.19B · Shareholders' equity $21.71B

Revenue
$7.53B
Operating income
$1.79B
Net income
$1.02B

Reported in GBP, converted at the latest exchange rate

View details

Dividend yield
2.11%
Next ex-date
Feb 14, 27
estimated · in 145 days
Annual dividend
$0.20
per share
Schedule
Semi-annual
2 payments a year

HistoryDividendAnnual yield

Mar '23Aug '23Mar '24Aug '24Apr '25Aug '25Apr '26Aug '26
Dividend$0.0577$0.046$0.1064$0.0514$0.1166$0.0598$0.1333$0.0642
Annual yield0.72%1.26%1.85%1.63%1.65%1.83%1.96%2.04%
Ex-dateMar 16Aug 24Mar 14Aug 16Apr 25Aug 15Apr 10Aug 14
Payment dateApr 27Oct 5May 16Sep 19Jun 5Sep 18May 14Sep 17
View details

Institutions13.22%591.91M ADS
649 holders · as of Jun 30, 2026
Strategic holders13.35%597.66M ADS
1 holder · as of Jul 27, 2022
Other73.43%3.29B ADS
remainder

4.48B ADS (1 ADS = 2 ordinary shares) as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
GSK plcStrategic
13.35%597.66Mfiled Jul 27, 2022
Dodge & CoxInstitution
3.35%149.93M ADSas of Jun 30, 2026
FMR LLCInstitution
2.70%120.99M ADSas of Jun 30, 2026
Clearbridge Investments, LLCInstitution
0.72%32.34M ADSas of Jun 30, 2026
Morgan StanleyInstitution
0.43%19.46M ADSas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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