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Church & Dwight10-K: Customer concentration

Walmart accounts for 23% of net sales, with top four customers representing 44% of total revenue.

What happened

A high concentration of revenue with a few key customers, especially Walmart, creates significant risk. Any change in strategy, reduction in shelf space, or pricing pressure from these major retailers could materially harm Church & Dwight's sales and profitability.

Source

SEC EDGARFeb 12, 2026

Annual report (Form 10-K)

Church & Dwight 10-K for FY2025

Filing excerpt

A limited number of customers account for a large percentage of our net sales and/or net sales of specific product lines. Walmart is our largest customer, accounting for approximately 23% of net sales in each of 2025, 2024, and 2023. Our top four customers accounted for approximately 44%, 43%, and 44% of net sales in 2025, 2024, and 2023, respectively.

sec.gov/Archives/edgar/data/313927/000119312526048139/chd-20251231.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Customer concentration

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 12, 2026

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The full record

From the Signal API record

Numbers

Percent
44% (Percentage of net sales from top four customers in 2025)

Details

CIK
313927
Accession number
0001193125-26-048139
Timeframe
Current year
Filing year
2026
Why it matters
Diversification strategy
Signal category
Market

Extraction

Confidence
High
Relevance
80%
Sentiment
Negative
Detected
Feb 17, 2026
signal_type
sec-10k
signal_subtype
customerConcentration

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/0dc10c73-441f-446d-9586-80bdb88f2a15 returns this record as JSON. POST /v1/companies/enrich returns every signal for churchdwight.com.

{
  "signal_id": "0dc10c73-441f-446d-9586-80bdb88f2a15",
  "signal_type": "sec-10k",
  "signal_subtype": "customerConcentration",
  "detected_at": "2026-02-17T06:33:48.155+00:00",
  "company": {
    "name": "Church & Dwight",
    "domain": "churchdwight.com"
  },
  "data": {
    "detail": "A high concentration of revenue with a few key customers, especially Walmart, creates significant risk. Any change in strategy, reduction in shelf space, or pricing pressure from these major retailers could materially harm Church & Dwight's sales and profitability.",
    "metrics": {
      "pct": 0.44,
      "timeframe": "current_year",
      "pct_context": "Percentage of net sales from top four customers in 2025"
    },
    "summary": "Walmart accounts for 23% of net sales, with top four customers representing 44% of total revenue.",
    "excerpts": "A limited number of customers account for a large percentage of our net sales and/or net sales of specific product lines. Walmart is our largest customer, accounting for approximately 23% of net sales in each of 2025, 2024, and 2023. Our top four customers accounted for approximately 44%, 43%, and 44% of net sales in 2025, 2024, and 2023, respectively.",
    "relevance": 0.8,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/313927/000119312526048139/chd-20251231.htm",
    "filing_date": "2026-02-12",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Diversification strategy",
    "signal_category": "market"
  }
}

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