Kraft Heinz (KHC) Financials

$26.83 +0.53 (+2.02%)

Closing price 05/27/2025 04:00 PM Eastern

Extended Trading

$26.84 +0.01 (+0.04%)

As of 04:16 AM Eastern

Annual Income Statements for Kraft Heinz

This table shows Kraft Heinz's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/3/2016
Net Income / (Loss) Attributable to Common Shareholders	2,744	2,855	2,363	1,012	356	1,935	-10,192	10,941	3,416	-266
Consolidated Net Income / (Loss)	2,746	2,846	2,368	1,024	361	1,933	-10,254	10,932	3,606	647
Net Income / (Loss) Continuing Operations	2,746	2,846	2,368	1,024	361	1,933	-10,254	10,932	3,606	647
Total Pre-Tax Income	856	3,633	2,966	1,708	1,030	2,661	-11,321	5,450	4,939	1,013
Total Operating Income	1,683	4,572	3,634	3,460	2,128	3,070	-10,205	6,057	5,601	2,639
Total Gross Profit	8,968	8,926	8,122	8,682	9,177	8,147	8,921	9,033	9,146	5,761
Total Revenue	25,846	26,640	26,485	26,042	26,185	24,977	26,268	26,076	26,300	18,338
Operating Revenue	25,846	26,640	26,485	26,042	26,185	24,977	26,268	26,076	26,300	18,338
Total Cost of Revenue	16,878	17,714	18,363	17,360	17,008	16,830	17,347	17,043	17,154	12,577
Operating Cost of Revenue	16,878	17,714	18,363	17,360	17,008	16,830	17,347	17,043	17,154	12,577
Total Operating Expenses	7,285	4,354	4,488	5,222	7,049	5,077	19,126	2,976	3,545	3,122
Selling, General & Admin Expense	3,616	3,692	3,575	3,588	3,650	3,178	3,190	2,927	3,527	3,122
Impairment Charge	3,669	662	913	1,634	3,399	1,899	15,936	49	18	-
Total Other Income / (Expense), net	-827	-939	-668	-1,752	-1,098	-409	-1,116	-607	-662	-1,626
Interest Expense	912	912	921	2,047	1,394	1,361	1,284	1,234	1,134	1,321
Other Income / (Expense), net	85	-27	253	295	296	952	168	627	472	-305
Income Tax Expense	-1,890	787	598	684	669	728	-1,067	-5,482	1,333	366
Net Income / (Loss) Attributable to Noncontrolling Interest	2.00	-9.00	5.00	12	5.00	-2.00	-62	-9.00	10	13
Basic Earnings per Share	$2.27	$2.33	$1.93	$0.83	$0.29	$1.59	($8.36)	$8.98	$2.81	($0.34)
Weighted Average Basic Shares Outstanding	1.19B	1.21B	1.23B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	786M
Diluted Earnings per Share	$2.26	$2.31	$1.91	$0.82	$0.29	$1.58	($8.36)	$8.91	$2.78	($0.34)
Weighted Average Diluted Shares Outstanding	1.19B	1.21B	1.23B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	786M
Weighted Average Basic & Diluted Shares Outstanding	1.19B	1.21B	1.23B	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	786M
Cash Dividends to Common per Share	$1.60	$1.60	$1.60	$1.60	$1.60	$1.60	$2.50	$2.45	$2.35	$1.70

This table shows Kraft Heinz's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Income / (Loss) Attributable to Common Shareholders	712	2,131	-290	102	801	757	262	1,000	836	890	432
Consolidated Net Income / (Loss)	714	2,132	-290	100	804	757	254	998	837	887	435
Net Income / (Loss) Continuing Operations	714	2,132	-290	100	804	757	254	998	837	887	435
Total Pre-Tax Income	1,018	-238	-283	348	1,029	950	460	1,172	1,051	1,051	545
Total Operating Income	1,196	-40	-101	522	1,302	1,300	653	1,376	1,243	1,226	751
Total Gross Profit	2,064	2,245	2,186	2,294	2,243	2,317	2,235	2,261	2,113	2,364	1,843
Total Revenue	5,999	6,576	6,383	6,476	6,411	6,860	6,570	6,721	6,489	7,381	6,505
Operating Revenue	5,999	6,576	6,383	6,476	6,411	6,860	6,570	6,721	6,489	7,381	6,505
Total Cost of Revenue	3,935	4,331	4,197	4,182	4,168	4,543	4,335	4,460	4,376	5,017	4,662
Operating Cost of Revenue	3,935	4,331	4,197	4,182	4,168	4,543	4,335	4,460	4,376	5,017	4,662
Total Operating Expenses	868	2,285	2,287	1,772	941	1,017	1,582	885	870	1,138	1,092
Selling, General & Admin Expense	868	898	859	918	941	1,017	920	885	870	1,138	798
Total Other Income / (Expense), net	-178	-198	-182	-174	-273	-350	-193	-204	-192	-175	-206
Interest Expense	229	227	230	229	226	229	228	228	227	217	228
Other Income / (Expense), net	51	29	48	55	-47	-121	35	24	35	42	22
Income Tax Expense	304	-2,370	7.00	248	225	193	206	174	214	164	110
Net Income / (Loss) Attributable to Noncontrolling Interest	2.00	1.00	0.00	-2.00	3.00	-	-8.00	-2.00	1.00	-3.00	3.00
Basic Earnings per Share	$0.60	$1.77	($0.24)	$0.08	$0.66	$0.63	$0.21	$0.81	$0.68	$0.73	$0.35
Weighted Average Basic Shares Outstanding	1.18B	1.19B	1.21B	1.21B	1.21B	1.21B	1.23B	1.23B	-	1.23B	1.23B
Diluted Earnings per Share	$0.59	$1.76	($0.24)	$0.08	$0.66	$0.61	$0.21	$0.81	$0.68	$0.72	$0.35
Weighted Average Diluted Shares Outstanding	1.18B	1.19B	1.21B	1.21B	1.21B	1.21B	1.23B	1.23B	-	1.23B	1.23B
Weighted Average Basic & Diluted Shares Outstanding	1.18B	1.19B	1.21B	1.21B	1.21B	1.21B	1.23B	1.23B	-	1.23B	1.23B
Cash Dividends to Common per Share	$0.40	-	$0.40	$0.40	$0.40	-	$0.40	$0.40	$0.40	-	$0.40

This table details how cash moves in and out of Kraft Heinz's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/3/2016
Net Change in Cash & Equivalents	153	363	-2,405	28	1,138	1,150	-633	-2,543	-657	2,602
Net Cash From Operating Activities	4,184	3,976	2,469	5,364	4,929	3,552	2,574	501	2,648	1,272
Net Cash From Continuing Operating Activities	4,174	3,984	2,478	5,364	4,929	3,552	2,574	501	2,648	925
Net Income / (Loss) Continuing Operations	2,746	2,846	2,368	1,024	361	1,933	-10,254	10,932	3,606	647
Consolidated Net Income / (Loss)	2,746	2,846	2,368	1,024	361	1,933	-10,254	10,932	3,606	647
Depreciation Expense	948	961	933	910	969	994	983	1,031	1,337	740
Amortization Expense	-10	-14	-14	-7.00	-122	-306	-339	-328	-347	-112
Non-Cash Adjustments To Reconcile Net Income	3,982	773	959	3,218	3,660	1,601	16,054	-1,528	-406	375
Changes in Operating Assets and Liabilities, net	-3,492	-582	-1,768	219	61	-670	-3,870	-9,606	-1,542	-725
Net Cash From Investing Activities	-1,023	-916	-1,091	4,038	-522	1,511	288	1,177	1,452	-8,309
Net Cash From Continuing Investing Activities	-1,023	-916	-1,091	4,038	-522	1,511	288	1,177	1,452	-8,309
Purchase of Property, Plant & Equipment	-1,024	-1,013	-916	-905	-596	-768	-826	-1,194	-1,247	-648
Acquisitions	-140	0.00	-481	-74	0.00	-199	-248	0.00	0.00	-9,468
Divestitures	8.00	0.00	88	5,014	0.00	1,875	18	0.00	-	-
Sale and/or Maturity of Investments	75	-	-	-28	-	590	24	6.00	-	488
Other Investing Activities, net	58	66	10	31	49	13	1,320	2,365	2,699	1,319
Net Cash From Financing Activities	-3,008	-2,678	-3,714	-9,344	-3,331	-3,913	-3,363	-4,221	-4,620	10,047
Net Cash From Continuing Financing Activities	-3,008	-2,678	-3,714	-9,344	-3,331	-3,913	-3,363	-4,221	-4,620	10,047
Repayment of Debt	-683	-1,065	-1,702	-7,114	-8,873	-5,484	-5,954	-8,890	-6,197	-12,585
Repurchase of Common Equity	-988	-455	-280	-271	-	-	-	-	-	-
Payment of Dividends	-1,931	-1,965	-1,960	-1,959	-1,958	-1,953	-3,183	-2,888	-3,764	-2,202
Issuance of Debt	594	807	228	0.00	7,500	3,524	5,774	7,557	13,661	14,834
Cash Interest Paid	906	896	937	1,196	1,286	1,306	1,322	1,269	1,176	704
Cash Income Taxes Paid	967	932	1,260	1,295	1,027	974	543	1,206	1,619	577

This table details how cash moves in and out of Kraft Heinz's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Change in Cash & Equivalents	777	269	386	-726	224	350	105	121	-213	43	-521
Net Cash From Operating Activities	720	1,388	1,083	942	771	1,356	1,036	1,098	486	952	729
Net Cash From Continuing Operating Activities	720	1,394	1,071	938	771	1,350	1,050	1,098	486	961	729
Net Income / (Loss) Continuing Operations	714	2,132	-290	100	804	757	254	998	837	887	435
Consolidated Net Income / (Loss)	714	2,132	-290	100	804	757	254	998	837	887	435
Depreciation Expense	231	234	245	239	230	251	274	216	220	248	229
Non-Cash Adjustments To Reconcile Net Income	24	1,573	1,495	819	95	17	697	43	16	-9.00	299
Changes in Operating Assets and Liabilities, net	-249	-2,541	-377	-219	-355	329	-172	-155	-584	-162	-230
Net Cash From Investing Activities	-878	-174	-217	-345	-287	-178	-263	-211	-264	-53	-117
Net Cash From Continuing Investing Activities	-878	-174	-217	-345	-287	-178	-263	-211	-264	-53	-117
Purchase of Property, Plant & Equipment	-238	-247	-234	-249	-294	-234	-271	-242	-266	-284	-197
Purchase of Investments	-673	-	-	-	-	-	-	-	-	-	-
Divestitures	9.00	3.00	2.00	6.00	-3.00	-	-	-	0.00	108	-
Other Investing Activities, net	24	-5.00	15	38	10	25	8.00	31	2.00	-85	80
Net Cash From Financing Activities	900	-962	-481	-1,326	-239	-862	-629	-748	-439	-903	-1,089
Net Cash From Continuing Financing Activities	900	-962	-481	-1,326	-239	-862	-629	-748	-439	-903	-1,089
Repayment of Debt	-18	-33	2.00	-635	-17	-216	-25	-898	74	-133	-827
Repurchase of Common Equity	-225	-450	-1.00	-208	-329	-305	-112	-16	-22	-	-
Payment of Dividends	-477	-479	-483	-483	-486	-491	-492	-491	-491	-490	-490
Issuance of Debt	1,620	-	1.00	-	593	150	-	657	0.00	-	228
Effect of Exchange Rate Changes	35	-	1.00	3.00	-21	-	-	-18	4.00	47	-44

This table presents Kraft Heinz's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/3/2016
Total Assets	88,287	90,339	90,513	93,394	99,830	101,450	103,461	120,092	120,480	122,973
Total Current Assets	7,655	7,929	7,897	8,994	10,822	8,097	9,075	7,201	8,753	9,780
Cash & Equivalents	1,334	1,400	1,040	3,445	3,417	2,279	1,130	1,629	4,204	4,837
Accounts Receivable	2,147	2,112	2,120	1,957	2,063	1,973	2,129	1,274	898	1,454
Inventories, net	3,376	3,614	3,651	2,729	2,773	2,721	2,667	2,760	2,684	2,618
Prepaid Expenses	215	234	240	136	132	384	400	345	-	-
Other Current Assets	583	569	842	716	574	618	1,221	655	707	871
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	7,078	7,061	6,688	6,524
Total Noncurrent Assets	80,632	82,410	82,616	84,400	89,008	93,353	87,308	105,830	105,039	106,669
Goodwill	28,673	30,459	30,833	31,296	33,089	35,546	36,503	44,825	44,125	43,051
Intangible Assets	40,099	42,448	42,649	43,542	46,667	48,652	49,468	59,432	59,297	62,120
Other Noncurrent Operating Assets	11,860	9,503	9,134	9,562	9,252	9,155	1,337	1,573	1,617	1,498
Total Liabilities & Shareholders' Equity	88,287	90,339	90,513	93,394	99,830	101,450	103,461	120,092	120,480	122,973
Total Liabilities	38,962	40,617	41,643	43,942	49,587	49,701	51,683	54,016	62,906	56,737
Total Current Liabilities	7,253	8,037	9,028	9,064	8,061	7,875	7,503	10,154	9,501	6,932
Short-Term Debt	654	638	837	754	236	1,028	398	3,195	2,691	83
Accounts Payable	4,188	4,627	4,848	4,753	4,304	4,003	4,153	4,362	3,996	2,844
Accrued Expenses	697	733	749	804	946	647	722	689	749	856
Other Current Liabilities	1,451	1,781	2,330	1,944	2,086	1,804	1,767	1,489	1,238	1,241
Other Current Nonoperating Liabilities	263	258	264	268	375	393	463	419	415	401
Total Noncurrent Liabilities	31,709	32,580	32,615	34,878	41,526	41,826	44,180	43,862	53,405	49,805
Long-Term Debt	19,215	19,394	19,233	21,061	28,070	28,216	30,770	28,308	29,713	25,151
Noncurrent Deferred Revenue	1,374	1,424	1,477	1,534	6.00	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	9,679	10,201	10,152	10,536	11,462	11,878	12,202	14,039	20,848	21,497
Noncurrent Employee Benefit Liabilities	135	143	144	205	243	273	306	427	2,038	2,405
Other Noncurrent Operating Liabilities	1,306	1,418	1,609	1,542	1,745	1,459	902	1,088	806	752
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	6.00	34	40	4.00	0.00	0.00	3.00	6.00	0.00	8,343
Total Equity & Noncontrolling Interests	49,319	49,688	48,830	49,448	50,243	51,749	51,775	66,070	57,574	57,893
Total Preferred & Common Equity	49,185	49,526	48,678	49,298	50,103	51,623	51,657	65,863	57,358	57,685
Total Common Equity	49,185	49,526	48,678	49,298	50,103	51,623	51,657	65,863	57,358	57,685
Common Stock	52,147	52,049	51,846	53,391	55,108	56,840	58,735	58,646	58,605	58,387
Retained Earnings	2,171	1,367	489	-1,682	-2,694	-3,060	-4,853	8,495	588	0.00
Treasury Stock	-2,218	-1,286	-847	-587	-344	-271	-282	-224	-207	-31
Accumulated Other Comprehensive Income / (Loss)	-2,915	-2,604	-2,810	-1,824	-1,967	-1,886	-1,943	-1,054	-1,628	-671
Noncontrolling Interest	134	162	152	150	140	126	118	207	216	208

This table presents Kraft Heinz's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	12/31/2022	4/1/2023
Total Assets	90,274	88,287	88,566	88,797	90,309	90,339	89,656	90,956	90,513	90,943
Total Current Assets	9,458	7,655	8,202	7,530	8,233	7,929	7,838	7,994	7,897	8,216
Cash & Equivalents	2,113	1,334	1,284	900	1,626	1,400	1,052	947	1,040	826
Short-Term Investments	674	-	-	-	-	-	-	-	-	-
Accounts Receivable	2,257	2,147	2,178	2,160	2,216	2,112	2,103	2,237	2,120	2,286
Inventories, net	3,591	3,376	3,872	3,573	3,578	3,614	3,779	3,820	3,651	4,016
Prepaid Expenses	271	215	228	273	292	234	245	296	240	329
Other Current Assets	552	583	633	624	521	569	654	691	842	755
Plant, Property, & Equipment, net	7,157	0.00	7,137	0.00	7,036	0.00	6,813	0.00	0.00	6,776
Total Noncurrent Assets	73,659	80,632	73,227	81,267	75,040	82,410	75,005	82,962	82,616	75,951
Goodwill	28,753	28,673	28,946	29,501	30,390	30,459	30,310	30,953	30,833	30,888
Intangible Assets	40,147	40,099	41,802	42,347	42,296	42,448	42,314	42,714	42,649	42,665
Other Noncurrent Operating Assets	4,759	11,860	2,479	9,419	2,354	9,503	2,381	9,295	9,134	2,398
Total Liabilities & Shareholders' Equity	90,274	88,287	88,566	88,797	90,309	90,339	89,656	90,956	90,513	90,943
Total Liabilities	40,669	38,962	40,097	39,766	40,621	40,617	40,198	40,942	41,643	41,590
Total Current Liabilities	7,235	7,253	7,728	7,486	7,571	8,037	7,804	8,385	9,028	8,954
Short-Term Debt	678	654	708	669	622	638	608	630	837	842
Accounts Payable	4,122	4,188	4,553	4,448	4,421	4,627	4,463	4,545	4,848	4,804
Accrued Expenses	694	697	752	724	749	733	793	843	749	758
Other Current Liabilities	1,442	1,451	1,442	1,385	1,475	1,781	1,672	2,109	2,330	2,235
Other Current Nonoperating Liabilities	299	263	273	260	304	258	268	258	264	315
Total Noncurrent Liabilities	33,434	31,709	32,369	32,280	33,050	32,580	32,394	32,557	32,615	32,636
Long-Term Debt	20,925	19,215	19,383	19,265	19,923	19,394	19,270	19,367	19,233	19,263
Noncurrent Deferred Revenue	1,361	1,374	1,386	1,400	1,414	1,424	1,436	1,451	1,477	1,465
Noncurrent Deferred & Payable Income Tax Liabilities	9,716	9,679	10,023	10,173	10,220	10,201	10,132	10,149	10,152	10,162
Noncurrent Employee Benefit Liabilities	134	135	140	137	140	143	143	148	144	145
Other Noncurrent Operating Liabilities	1,298	1,306	1,437	1,305	1,353	1,418	1,413	1,442	1,609	1,601
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	7.00	6.00	6.00	10	35	34	24	40	40	40
Total Equity & Noncontrolling Interests	49,598	49,319	48,463	49,021	49,653	49,688	49,434	49,974	48,830	49,313
Total Preferred & Common Equity	49,460	49,185	48,328	48,895	49,522	49,526	49,276	49,814	48,678	49,153
Total Common Equity	49,460	49,185	48,328	48,895	49,522	49,526	49,276	49,814	48,678	49,153
Common Stock	52,181	52,147	52,118	52,098	52,062	52,049	52,016	51,979	51,846	51,922
Retained Earnings	2,404	2,171	521	1,297	1,680	1,367	1,104	1,336	489	831
Treasury Stock	-2,432	-2,218	-1,764	-1,762	-1,551	-1,286	-981	-870	-847	-852
Accumulated Other Comprehensive Income / (Loss)	-2,693	-2,915	-2,547	-2,738	-2,669	-2,604	-2,863	-2,631	-2,810	-2,748
Noncontrolling Interest	138	134	135	126	131	162	158	160	152	160

This table displays calculated financial ratios and metrics derived from Kraft Heinz's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	1/3/2016
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.98%	0.59%	1.70%	-0.55%	4.84%	-4.91%	0.74%	-0.85%	43.42%	67.90%
EBITDA Growth	-50.73%	14.27%	3.18%	42.40%	-30.55%	150.14%	-227.16%	4.59%	138.45%	47.14%
EBIT Growth	-61.10%	16.93%	3.52%	54.91%	-39.73%	140.07%	-250.16%	10.06%	160.20%	56.75%
NOPAT Growth	50.74%	23.45%	39.86%	178.13%	-66.56%	131.22%	-158.80%	197.10%	142.62%	28.45%
Net Income Growth	-3.51%	20.19%	131.25%	183.66%	-81.32%	118.85%	-193.80%	203.16%	457.34%	-3.72%
EPS Growth	-2.16%	20.94%	132.93%	182.76%	-81.65%	118.90%	-193.83%	220.50%	917.65%	-100.00%
Operating Cash Flow Growth	5.23%	61.04%	-53.97%	8.83%	38.77%	38.00%	413.77%	-81.08%	108.18%	-40.56%
Free Cash Flow Firm Growth	88.14%	10.97%	-63.08%	25.51%	46.74%	-50.16%	322.56%	-65.42%	109.62%	-131.25%
Invested Capital Growth	-0.71%	0.66%	0.12%	-7.56%	-6.76%	-2.37%	-16.05%	11.81%	-1.83%	226.23%
Revenue Q/Q Growth	-1.09%	-1.92%	2.60%	-0.88%	1.56%	-1.40%	0.21%	0.64%	-1.70%	0.00%
EBITDA Q/Q Growth	-30.85%	-1.56%	33.20%	-24.55%	43.91%	146.73%	-249.52%	0.22%	2.02%	0.00%
EBIT Q/Q Growth	-40.23%	-1.92%	43.80%	-28.95%	65.69%	137.31%	-276.99%	0.80%	3.41%	0.00%
NOPAT Q/Q Growth	166.27%	-0.09%	38.24%	-37.35%	109.22%	127.32%	-156.78%	197.10%	-0.27%	0.00%
Net Income Q/Q Growth	100.29%	-4.37%	93.15%	-55.73%	173.67%	117.77%	-199.44%	180.16%	7.77%	0.00%
EPS Q/Q Growth	103.60%	-4.55%	94.90%	-56.15%	170.73%	117.83%	-199.41%	181.07%	4.91%	0.00%
Operating Cash Flow Q/Q Growth	0.77%	11.31%	-44.30%	32.41%	0.84%	-3.64%	88.85%	-69.60%	71.73%	-18.20%
Free Cash Flow Firm Q/Q Growth	94.15%	-21.39%	-22.89%	21.77%	631.39%	-48.30%	56.38%	-20.04%	0.00%	0.00%
Invested Capital Q/Q Growth	0.86%	0.09%	-1.14%	-3.44%	0.24%	-1.77%	-16.24%	7.87%	-1.73%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.70%	33.51%	30.67%	33.34%	35.05%	32.62%	33.96%	34.64%	34.78%	31.42%
EBITDA Margin	10.47%	20.62%	18.15%	17.89%	12.49%	18.86%	-35.76%	28.33%	26.86%	16.15%
Operating Margin	6.51%	17.16%	13.72%	13.29%	8.13%	12.29%	-38.85%	23.23%	21.30%	14.39%
EBIT Margin	6.84%	17.06%	14.68%	14.42%	9.26%	16.10%	-38.21%	25.63%	23.09%	12.73%
Profit (Net Income) Margin	10.62%	10.68%	8.94%	3.93%	1.38%	7.74%	-39.04%	41.92%	13.71%	3.53%
Tax Burden Percent	320.79%	78.34%	79.84%	59.95%	35.05%	72.64%	90.58%	200.59%	73.01%	63.87%
Interest Burden Percent	48.42%	79.93%	76.31%	45.49%	42.49%	66.16%	112.79%	81.54%	81.33%	43.40%
Effective Tax Rate	-220.79%	21.66%	20.16%	40.05%	64.95%	27.36%	0.00%	-100.59%	26.99%	36.13%
Return on Invested Capital (ROIC)	7.90%	5.24%	4.26%	2.93%	0.98%	2.79%	-8.06%	13.31%	4.70%	2.94%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.18%	1.38%	1.45%	-2.07%	-0.54%	1.74%	-18.53%	9.18%	2.77%	-3.40%
Return on Net Nonoperating Assets (RNNOA)	-2.35%	0.54%	0.56%	-0.87%	-0.27%	0.94%	-9.34%	4.37%	1.12%	-1.36%
Return on Equity (ROE)	5.54%	5.77%	4.82%	2.05%	0.71%	3.73%	-17.40%	17.68%	5.83%	1.58%
Cash Return on Invested Capital (CROIC)	8.61%	4.58%	4.14%	10.78%	7.98%	5.19%	9.39%	2.16%	6.55%	-103.22%
Operating Return on Assets (OROA)	1.98%	5.03%	4.23%	3.89%	2.41%	3.93%	-8.98%	5.56%	4.99%	2.93%
Return on Assets (ROA)	3.07%	3.15%	2.58%	1.06%	0.36%	1.89%	-9.17%	9.09%	2.96%	0.81%
Return on Common Equity (ROCE)	5.53%	5.75%	4.80%	2.05%	0.71%	3.73%	-17.35%	17.62%	5.41%	1.25%
Return on Equity Simple (ROE_SIMPLE)	5.58%	5.75%	4.86%	2.08%	0.72%	3.74%	-19.85%	16.60%	6.29%	1.12%
Net Operating Profit after Tax (NOPAT)	5,399	3,582	2,901	2,074	746	2,230	-7,144	12,150	4,089	1,686
NOPAT Margin	20.89%	13.44%	10.95%	7.97%	2.85%	8.93%	-27.19%	46.59%	15.55%	9.19%
Net Nonoperating Expense Percent (NNEP)	14.08%	3.85%	2.81%	5.00%	1.52%	1.05%	10.47%	4.13%	1.93%	6.34%
Return On Investment Capital (ROIC_SIMPLE)	7.80%	5.14%	4.21%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	65.30%	66.49%	69.33%	66.66%	64.95%	67.38%	66.04%	65.36%	65.22%	68.58%
SG&A Expenses to Revenue	13.99%	13.86%	13.50%	13.78%	13.94%	12.72%	12.14%	11.22%	13.41%	17.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.19%	16.34%	16.95%	20.05%	26.92%	20.33%	72.81%	11.41%	13.48%	17.02%
Earnings before Interest and Taxes (EBIT)	1,768	4,545	3,887	3,755	2,424	4,022	-10,037	6,684	6,073	2,334
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,706	5,492	4,806	4,658	3,271	4,710	-9,393	7,387	7,063	2,962
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.75	0.87	0.94	0.80	0.75	0.62	0.81	1.09	1.37	1.10
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.44	1.62	1.72	1.52	1.44	1.29	1.60	2.75	2.98	3.45
Price to Earnings (P/E)	13.52	15.16	19.26	39.18	105.78	16.66	0.00	6.56	22.92	0.00
Dividend Yield	5.22%	4.53%	4.31%	4.94%	5.19%	6.06%	7.26%	5.17%	4.55%	3.26%
Earnings Yield	7.40%	6.60%	5.19%	2.55%	0.95%	6.00%	0.00%	15.23%	4.36%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.82	0.91	0.95	0.85	0.85	0.75	0.89	1.06	1.24	1.05
Enterprise Value to Revenue (EV/Rev)	2.16	2.33	2.44	2.23	2.39	2.38	2.75	3.91	4.06	5.03
Enterprise Value to EBITDA (EV/EBITDA)	20.61	11.31	13.47	12.49	19.16	12.60	0.00	13.80	15.11	31.12
Enterprise Value to EBIT (EV/EBIT)	31.55	13.66	16.65	15.49	25.86	14.75	0.00	15.25	17.57	39.50
Enterprise Value to NOPAT (EV/NOPAT)	10.33	17.34	22.31	28.04	84.05	26.60	0.00	8.39	26.10	54.69
Enterprise Value to Operating Cash Flow (EV/OCF)	13.33	15.62	26.22	10.84	12.72	16.70	28.04	203.40	40.30	72.47
Enterprise Value to Free Cash Flow (EV/FCFF)	9.47	19.84	22.95	7.61	10.30	14.30	8.67	51.74	18.73	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.40	0.40	0.41	0.44	0.56	0.57	0.60	0.48	0.56	0.38
Long-Term Debt to Equity	0.39	0.39	0.39	0.43	0.56	0.55	0.59	0.43	0.52	0.38
Financial Leverage	0.38	0.39	0.39	0.42	0.50	0.54	0.50	0.48	0.41	0.40
Leverage Ratio	1.80	1.83	1.87	1.94	1.97	1.98	1.90	1.95	1.97	1.95
Compound Leverage Factor	0.87	1.47	1.43	0.88	0.84	1.31	2.14	1.59	1.60	0.85
Debt to Total Capital	28.71%	28.72%	29.11%	30.61%	36.04%	36.11%	37.58%	32.28%	36.01%	27.59%
Short-Term Debt to Total Capital	0.95%	0.91%	1.21%	1.06%	0.30%	1.27%	0.48%	3.27%	2.99%	0.09%
Long-Term Debt to Total Capital	27.77%	27.80%	27.90%	29.55%	35.74%	34.84%	37.10%	29.01%	33.02%	27.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.20%	0.28%	0.28%	0.22%	0.18%	0.16%	0.15%	0.22%	0.24%	9.35%
Common Equity to Total Capital	71.08%	71.00%	70.61%	69.17%	63.79%	63.74%	62.28%	67.50%	63.75%	63.06%
Debt to EBITDA	7.34	3.65	4.18	4.68	8.65	6.21	-3.32	4.26	4.59	8.52
Net Debt to EBITDA	6.85	3.39	3.96	3.94	7.61	5.73	-3.20	4.04	3.99	6.89
Long-Term Debt to EBITDA	7.10	3.53	4.00	4.52	8.58	5.99	-3.28	3.83	4.21	8.49
Debt to NOPAT	3.68	5.59	6.92	10.52	37.95	13.11	-4.36	2.59	7.92	14.97
Net Debt to NOPAT	3.43	5.20	6.56	8.86	33.37	12.09	-4.20	2.46	6.90	12.10
Long-Term Debt to NOPAT	3.56	5.41	6.63	10.15	37.64	12.65	-4.31	2.33	7.27	14.92
Altman Z-Score	0.97	1.12	1.08	0.93	0.79	0.73	0.37	1.27	1.13	0.91
Noncontrolling Interest Sharing Ratio	0.34%	0.39%	0.35%	0.29%	0.26%	0.24%	0.28%	0.35%	7.08%	20.90%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.06	0.99	0.87	0.99	1.34	1.03	1.21	0.71	0.92	1.41
Quick Ratio	0.48	0.44	0.35	0.60	0.68	0.54	0.43	0.29	0.54	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5,888	3,130	2,820	7,639	6,087	4,148	8,323	1,970	5,696	-59,198
Operating Cash Flow to CapEx	408.59%	392.50%	269.54%	592.71%	827.01%	462.50%	311.62%	41.96%	212.35%	196.30%
Free Cash Flow to Firm to Interest Expense	6.46	3.43	3.06	3.73	4.37	3.05	6.48	1.60	5.02	-44.81
Operating Cash Flow to Interest Expense	4.59	4.36	2.68	2.62	3.54	2.61	2.00	0.41	2.34	0.96
Operating Cash Flow Less CapEx to Interest Expense	3.46	3.25	1.69	2.18	3.11	2.05	1.36	-0.56	1.24	0.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.29	0.29	0.27	0.26	0.24	0.24	0.22	0.22	0.23
Accounts Receivable Turnover	12.14	12.59	12.99	12.96	12.98	12.18	15.44	24.01	22.36	15.91
Inventory Turnover	4.83	4.88	5.76	6.31	6.19	6.25	6.39	6.26	6.47	6.61
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	3.72	3.79	3.98	4.13
Accounts Payable Turnover	3.83	3.74	3.83	3.83	4.09	4.13	4.07	4.08	5.02	5.60
Days Sales Outstanding (DSO)	30.07	28.99	28.09	28.17	28.13	29.97	23.64	15.20	16.32	22.94
Days Inventory Outstanding (DIO)	75.58	74.85	63.41	57.84	58.95	58.43	57.10	58.30	56.41	55.18
Days Payable Outstanding (DPO)	95.32	97.62	95.42	95.21	89.14	88.44	89.58	89.50	72.77	65.23
Cash Conversion Cycle (CCC)	10.34	6.22	-3.92	-9.20	-2.05	-0.04	-8.84	-16.00	-0.04	12.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	68,123	68,612	68,160	68,079	73,644	78,985	80,903	96,369	86,189	87,796
Invested Capital Turnover	0.38	0.39	0.39	0.37	0.34	0.31	0.30	0.29	0.30	0.32
Increase / (Decrease) in Invested Capital	-489	452	81	-5,565	-5,341	-1,918	-15,466	10,180	-1,607	60,884
Enterprise Value (EV)	55,772	62,103	64,735	58,170	62,686	59,325	72,178	101,903	106,716	92,181
Market Capitalization	37,097	43,275	45,513	39,646	37,657	32,234	42,019	71,816	78,300	63,233
Book Value per Share	$40.68	$40.38	$39.74	$40.23	$40.98	$42.27	$42.36	$54.05	$47.12	$47.54
Tangible Book Value per Share	($16.20)	($19.06)	($20.25)	($20.84)	($24.25)	($26.68)	($28.14)	($31.51)	($37.84)	($39.13)
Total Capital	69,194	69,754	68,940	71,267	78,549	80,993	82,946	97,579	89,978	91,470
Total Debt	19,869	20,032	20,070	21,815	28,306	29,244	31,168	31,503	32,404	25,234
Total Long-Term Debt	19,215	19,394	19,233	21,061	28,070	28,216	30,770	28,308	29,713	25,151
Net Debt	18,535	18,632	19,030	18,370	24,889	26,965	30,038	29,874	28,200	20,397
Capital Expenditures (CapEx)	1,024	1,013	916	905	596	768	826	1,194	1,247	648
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-278	-870	-1,334	-2,761	-420	-1,029	840	-1,387	-2,261	-1,906
Debt-free Net Working Capital (DFNWC)	1,056	530	-294	684	2,997	1,250	1,970	242	1,943	2,931
Net Working Capital (NWC)	402	-108	-1,131	-70	2,761	222	1,572	-2,953	-748	2,848
Net Nonoperating Expense (NNE)	2,653	736	533	1,050	385	297	3,111	1,218	483	1,039
Net Nonoperating Obligations (NNO)	18,798	18,890	19,290	18,627	23,401	27,236	29,125	30,293	28,615	21,560
Total Depreciation and Amortization (D&A)	938	947	919	903	847	688	644	703	990	628
Debt-free, Cash-free Net Working Capital to Revenue	-1.08%	-3.27%	-5.04%	-10.60%	-1.60%	-4.12%	3.20%	-5.32%	-8.60%	-10.39%
Debt-free Net Working Capital to Revenue	4.09%	1.99%	-1.11%	2.63%	11.45%	5.00%	7.50%	0.93%	7.39%	15.98%
Net Working Capital to Revenue	1.56%	-0.41%	-4.27%	-0.27%	10.54%	0.89%	5.98%	-11.32%	-2.84%	15.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.27	$2.33	$1.93	$0.83	$0.29	$1.59	$0.00	$0.00	$0.00	($0.34)
Adjusted Weighted Average Basic Shares Outstanding	1.19B	1.21B	1.23B	1.22B	1.22B	1.22B	0.00	0.00	0.00	1.22B
Adjusted Diluted Earnings per Share	$2.26	$2.31	$1.91	$0.82	$0.29	$1.58	$0.00	$0.00	$0.00	($0.34)
Adjusted Weighted Average Diluted Shares Outstanding	1.19B	1.21B	1.23B	1.22B	1.22B	1.22B	0.00	0.00	0.00	1.22B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.19B	1.21B	1.23B	1.22B	1.22B	1.22B	0.00	0.00	0.00	1.22B
Normalized Net Operating Profit after Tax (NOPAT)	3,746	4,100	3,630	3,054	3,869	3,610	4,012	4,274	4,102	1,686
Normalized NOPAT Margin	14.50%	15.39%	13.71%	11.73%	14.78%	14.45%	15.27%	16.39%	15.60%	9.19%
Pre Tax Income Margin	3.31%	13.64%	11.20%	6.56%	3.93%	10.65%	-43.10%	20.90%	18.78%	5.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.94	4.98	4.22	1.83	1.74	2.96	-7.82	5.42	5.36	1.77
NOPAT to Interest Expense	5.92	3.93	3.15	1.01	0.54	1.64	-5.56	9.85	3.61	1.28
EBIT Less CapEx to Interest Expense	0.82	3.87	3.23	1.39	1.31	2.39	-8.46	4.45	4.26	1.28
NOPAT Less CapEx to Interest Expense	4.80	2.82	2.16	0.57	0.11	1.07	-6.21	8.88	2.51	0.79
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	70.32%	69.04%	82.77%	191.31%	542.38%	101.03%	-31.04%	26.42%	104.38%	340.34%
Augmented Payout Ratio	106.30%	85.03%	94.59%	217.77%	542.38%	101.03%	-31.04%	26.42%	104.38%	340.34%

This table displays calculated financial ratios and metrics derived from Kraft Heinz's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.43%	-4.14%	-2.85%	-3.65%	-1.20%	-7.06%	1.00%	2.55%	7.34%	10.02%	2.86%
EBITDA Growth	-0.47%	-84.64%	-80.19%	-49.44%	-0.87%	-5.75%	-3.91%	86.14%	4.62%	380.32%	-34.34%
EBIT Growth	-0.64%	-100.93%	-107.70%	-58.79%	-1.80%	-7.02%	-11.00%	121.17%	5.36%	1,409.52%	-40.26%
NOPAT Growth	-17.54%	-102.70%	-119.61%	-87.20%	2.77%	0.12%	-39.85%	225.50%	10.38%	7,490.66%	-38.07%
Net Income Growth	-11.19%	181.64%	-214.17%	-89.98%	-3.94%	-14.66%	-41.61%	276.60%	7.17%	447.84%	-40.90%
EPS Growth	-10.61%	188.52%	-214.29%	-90.12%	-2.94%	-15.28%	-40.00%	285.71%	7.94%	442.86%	-40.68%
Operating Cash Flow Growth	-6.61%	2.36%	4.54%	-14.21%	58.64%	42.44%	42.11%	263.58%	0.00%	-67.35%	73.99%
Free Cash Flow Firm Growth	101.52%	-21.05%	23.49%	166.85%	-197.22%	-38.78%	-64.95%	-73.70%	2,743.52%	-82.82%	-45.09%
Invested Capital Growth	-0.28%	-0.71%	-1.47%	-1.43%	0.00%	0.66%	-0.57%	1.08%	0.00%	0.12%	-2.21%
Revenue Q/Q Growth	-8.77%	3.02%	-1.44%	1.01%	0.00%	4.41%	-2.25%	3.58%	-12.09%	13.47%	-0.75%
EBITDA Q/Q Growth	574.89%	15.26%	-76.69%	-45.01%	0.00%	48.70%	-40.51%	7.83%	-1.19%	51.60%	15.24%
EBIT Q/Q Growth	11,436.36%	79.25%	-109.19%	-54.02%	0.00%	71.37%	-50.86%	9.55%	0.79%	64.04%	22.12%
NOPAT Q/Q Growth	3,095.87%	60.40%	-147.13%	-85.26%	0.00%	187.29%	-69.23%	18.37%	-4.33%	72.62%	66.52%
Net Income Q/Q Growth	-66.51%	835.17%	-390.00%	-87.56%	0.00%	198.03%	-74.55%	19.24%	-5.64%	103.91%	64.15%
EPS Q/Q Growth	-66.48%	833.33%	-400.00%	-87.88%	0.00%	190.48%	-74.07%	19.12%	-5.56%	105.71%	66.67%
Operating Cash Flow Q/Q Growth	-48.13%	28.16%	14.97%	22.18%	-43.14%	30.89%	-5.65%	125.93%	-48.95%	30.59%	141.39%
Free Cash Flow Firm Q/Q Growth	123.39%	-50.66%	-18.33%	101.69%	0.00%	-22.82%	76.47%	-99.39%	7,222.27%	-55.82%	32.42%
Invested Capital Q/Q Growth	0.88%	0.86%	-1.15%	-0.85%	0.00%	0.09%	-1.11%	0.00%	-100.00%	-1.14%	0.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.41%	34.14%	34.25%	35.42%	34.99%	33.78%	34.02%	33.64%	32.56%	32.03%	28.33%
EBITDA Margin	24.64%	3.33%	2.98%	12.58%	23.12%	20.79%	14.60%	23.98%	23.04%	20.50%	15.34%
Operating Margin	19.94%	-0.61%	-1.58%	8.06%	20.31%	18.95%	9.94%	20.47%	19.16%	16.61%	11.55%
EBIT Margin	20.79%	-0.17%	-0.83%	8.91%	19.58%	17.19%	10.47%	20.83%	19.69%	17.18%	11.88%
Profit (Net Income) Margin	11.90%	32.42%	-4.54%	1.54%	12.54%	11.04%	3.87%	14.85%	12.90%	12.02%	6.69%
Tax Burden Percent	70.14%	-895.80%	102.47%	28.74%	78.13%	79.68%	55.22%	85.15%	79.64%	84.40%	79.82%
Interest Burden Percent	81.64%	2,163.64%	533.96%	60.31%	81.99%	80.58%	66.86%	83.71%	82.24%	82.89%	70.50%
Effective Tax Rate	29.86%	0.00%	0.00%	71.26%	21.87%	20.32%	44.78%	14.85%	20.36%	15.60%	20.18%
Return on Invested Capital (ROIC)	5.17%	-0.16%	-0.43%	0.89%	12.23%	5.88%	2.17%	6.85%	0.00%	5.45%	3.41%
ROIC Less NNEP Spread (ROIC-NNEP)	4.52%	11.30%	-1.57%	0.63%	10.01%	4.42%	1.62%	5.96%	0.00%	4.67%	2.59%
Return on Net Nonoperating Assets (RNNOA)	1.74%	4.30%	-0.61%	0.24%	3.87%	1.71%	0.63%	2.34%	0.00%	1.80%	1.04%
Return on Equity (ROE)	6.91%	4.14%	-1.04%	1.13%	16.11%	7.59%	2.80%	9.19%	0.00%	7.25%	4.45%
Cash Return on Invested Capital (CROIC)	7.48%	8.61%	4.46%	5.22%	-189.53%	4.58%	5.79%	4.43%	0.00%	4.14%	5.25%
Operating Return on Assets (OROA)	5.86%	-0.05%	-0.24%	2.61%	5.76%	5.06%	3.15%	6.18%	0.00%	4.95%	3.30%
Return on Assets (ROA)	3.35%	9.38%	-1.33%	0.45%	3.69%	3.25%	1.16%	4.41%	0.00%	3.46%	1.86%
Return on Common Equity (ROCE)	6.89%	4.13%	-1.04%	1.13%	16.05%	7.56%	2.79%	9.15%	0.00%	7.23%	4.43%
Return on Equity Simple (ROE_SIMPLE)	5.37%	0.00%	2.84%	3.92%	5.68%	0.00%	6.04%	6.34%	0.00%	0.00%	2.49%
Net Operating Profit after Tax (NOPAT)	839	-28	-71	150	1,017	1,036	361	1,172	990	1,035	599
NOPAT Margin	13.98%	-0.43%	-1.11%	2.32%	15.87%	15.10%	5.49%	17.43%	15.26%	14.02%	9.21%
Net Nonoperating Expense Percent (NNEP)	0.65%	-11.46%	1.15%	0.26%	2.22%	1.46%	0.55%	0.89%	0.00%	0.78%	0.83%
Return On Investment Capital (ROIC_SIMPLE)	1.18%	-0.04%	-	-	-	1.49%	-	-	-	1.50%	-
Cost of Revenue to Revenue	65.59%	65.86%	65.75%	64.58%	65.01%	66.22%	65.98%	66.36%	67.44%	67.97%	71.67%
SG&A Expenses to Revenue	14.47%	13.66%	13.46%	14.18%	14.68%	14.83%	14.00%	13.17%	13.41%	15.42%	12.27%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.47%	34.75%	35.83%	27.36%	14.68%	14.83%	24.08%	13.17%	13.41%	15.42%	16.79%
Earnings before Interest and Taxes (EBIT)	1,247	-11	-53	577	1,255	1,179	688	1,400	1,278	1,268	773
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,478	219	190	815	1,482	1,426	959	1,612	1,495	1,513	998
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.73	0.75	0.88	0.80	0.91	0.87	0.80	0.83	0.00	0.94	0.80
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.42	1.44	1.64	1.49	1.70	1.62	1.45	1.54	1.68	1.72	1.52
Price to Earnings (P/E)	13.61	13.52	31.22	20.36	16.05	15.16	13.21	13.17	18.69	19.26	32.36
Dividend Yield	5.29%	5.22%	4.52%	4.97%	4.34%	4.53%	4.98%	4.72%	4.33%	4.31%	4.98%
Earnings Yield	7.35%	7.40%	3.20%	4.91%	6.23%	6.60%	7.57%	7.59%	5.35%	5.19%	3.09%
Enterprise Value to Invested Capital (EV/IC)	0.80	0.82	0.91	0.85	0.93	0.91	0.85	0.88	0.00	0.95	0.85
Enterprise Value to Revenue (EV/Rev)	2.17	2.16	2.36	2.22	2.42	2.33	2.15	2.25	0.00	2.44	2.28
Enterprise Value to EBITDA (EV/EBITDA)	20.34	20.61	15.77	12.45	11.74	11.31	10.48	10.83	0.00	13.47	16.31
Enterprise Value to EBIT (EV/EBIT)	31.31	31.55	20.86	15.76	14.23	13.66	12.62	12.89	0.00	16.65	21.77
Enterprise Value to NOPAT (EV/NOPAT)	11.12	10.33	30.44	22.46	17.84	17.34	16.31	16.01	0.00	22.31	28.03
Enterprise Value to Operating Cash Flow (EV/OCF)	13.33	13.33	14.86	14.20	15.10	15.62	16.37	18.63	0.00	26.22	13.27
Enterprise Value to Free Cash Flow (EV/FCFF)	10.70	9.47	20.35	16.24	0.00	19.84	14.69	19.91	0.00	22.95	16.09
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.44	0.40	0.41	0.41	0.41	0.40	0.40	0.40	0.00	0.41	0.41
Long-Term Debt to Equity	0.42	0.39	0.40	0.39	0.40	0.39	0.39	0.39	0.00	0.39	0.39
Financial Leverage	0.39	0.38	0.39	0.39	0.39	0.39	0.39	0.39	0.00	0.39	0.40
Leverage Ratio	1.82	1.80	1.82	1.81	1.82	1.83	1.83	1.84	0.00	1.87	1.87
Compound Leverage Factor	1.48	39.02	9.72	1.09	1.49	1.48	1.22	1.54	0.00	1.55	1.32
Debt to Total Capital	30.34%	28.71%	29.30%	28.90%	29.25%	28.72%	28.67%	28.56%	0.00%	29.11%	28.95%
Short-Term Debt to Total Capital	0.95%	0.95%	1.03%	0.97%	0.89%	0.91%	0.88%	0.90%	0.00%	1.21%	1.21%
Long-Term Debt to Total Capital	29.39%	27.77%	28.27%	27.93%	28.37%	27.80%	27.79%	27.66%	0.00%	27.90%	27.73%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.20%	0.20%	0.21%	0.20%	0.24%	0.28%	0.26%	0.29%	0.00%	0.28%	0.29%
Common Equity to Total Capital	69.46%	71.08%	70.49%	70.90%	70.51%	71.00%	71.07%	71.15%	0.00%	70.61%	70.77%
Debt to EBITDA	7.97	7.34	5.13	4.26	3.75	3.65	3.56	3.56	0.00	4.18	5.57
Net Debt to EBITDA	6.95	6.85	4.81	4.07	3.45	3.39	3.37	3.39	0.00	3.96	5.34
Long-Term Debt to EBITDA	7.72	7.10	4.95	4.11	3.64	3.53	3.45	3.45	0.00	4.00	5.34
Debt to NOPAT	4.36	3.68	9.91	7.68	5.69	5.59	5.54	5.26	0.00	6.92	9.58
Net Debt to NOPAT	3.80	3.43	9.28	7.33	5.24	5.20	5.25	5.01	0.00	6.56	9.19
Long-Term Debt to NOPAT	4.22	3.56	9.56	7.42	5.52	5.41	5.38	5.10	0.00	6.63	9.18
Altman Z-Score	0.93	0.90	0.95	0.93	1.04	1.00	0.94	0.97	0.00	0.99	0.88
Noncontrolling Interest Sharing Ratio	0.31%	0.34%	0.33%	0.34%	0.33%	0.39%	0.39%	0.41%	0.00%	0.35%	0.35%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.31	1.06	1.06	1.01	1.09	0.99	1.00	0.95	0.00	0.87	0.92
Quick Ratio	0.70	0.48	0.45	0.41	0.51	0.44	0.40	0.38	0.00	0.35	0.35
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,030	461	934	1,144	-67,894	584	757	429	69,832	954	2,158
Operating Cash Flow to CapEx	302.52%	561.94%	462.82%	378.31%	262.24%	579.49%	382.29%	453.72%	182.71%	335.21%	370.05%
Free Cash Flow to Firm to Interest Expense	4.50	2.03	4.06	5.00	-300.41	2.55	3.32	1.88	307.63	4.39	9.47
Operating Cash Flow to Interest Expense	3.14	6.11	4.71	4.11	3.41	5.92	4.54	4.82	2.14	4.39	3.20
Operating Cash Flow Less CapEx to Interest Expense	2.10	5.03	3.69	3.03	2.11	4.90	3.36	3.75	0.97	3.08	2.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.29	0.29	0.29	0.29	0.29	0.30	0.30	0.00	0.29	0.28
Accounts Receivable Turnover	11.37	12.14	12.21	11.97	11.99	12.59	12.38	12.37	0.00	12.99	12.16
Inventory Turnover	4.64	4.83	4.47	4.66	4.89	4.88	4.67	5.11	0.00	5.76	5.22
Fixed Asset Turnover	3.58	0.00	3.75	0.00	3.78	0.00	4.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	3.90	3.83	3.79	3.83	3.96	3.74	3.93	3.97	0.00	3.83	3.90
Days Sales Outstanding (DSO)	32.10	30.07	29.90	30.49	30.45	28.99	29.49	29.51	0.00	28.09	30.01
Days Inventory Outstanding (DIO)	78.60	75.58	81.70	78.32	74.60	74.85	78.22	71.49	0.00	63.41	69.92
Days Payable Outstanding (DPO)	93.67	95.32	96.28	95.26	92.18	97.62	92.99	91.90	0.00	95.42	93.67
Cash Conversion Cycle (CCC)	17.03	10.34	15.32	13.54	12.87	6.22	14.72	9.11	0.00	-3.92	6.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	68,720	68,123	67,542	68,325	68,911	68,612	68,547	69,319	0.00	68,160	68,943
Invested Capital Turnover	0.37	0.38	0.38	0.38	0.77	0.39	0.40	0.39	0.00	0.39	0.37
Increase / (Decrease) in Invested Capital	-191	-489	-1,005	-994	68,911	452	-396	743	-68,842	81	-1,559
Enterprise Value (EV)	55,097	55,772	61,713	58,295	64,344	62,103	58,476	60,841	0.00	64,735	58,834
Market Capitalization	36,136	37,097	42,765	39,125	45,259	43,275	39,468	41,591	45,276	45,513	39,355
Book Value per Share	$41.39	$40.68	$39.97	$40.27	$40.78	$40.38	$40.12	$40.59	$0.00	$39.74	$40.11
Tangible Book Value per Share	($16.27)	($16.20)	($18.54)	($18.90)	($19.08)	($19.06)	($19.01)	($19.44)	$0.00	($20.25)	($19.91)
Total Capital	71,208	69,194	68,560	68,965	70,233	69,754	69,336	70,011	0.00	68,940	69,458
Total Debt	21,603	19,869	20,091	19,934	20,545	20,032	19,878	19,997	0.00	20,070	20,105
Total Long-Term Debt	20,925	19,215	19,383	19,265	19,923	19,394	19,270	19,367	0.00	19,233	19,263
Net Debt	18,816	18,535	18,807	19,034	18,919	18,632	18,826	19,050	0.00	19,030	19,279
Capital Expenditures (CapEx)	238	247	234	249	294	234	271	242	266	284	197
Debt-free, Cash-free Net Working Capital (DFCFNWC)	114	-278	-102	-187	-342	-870	-410	-708	0.00	-1,334	-722
Debt-free Net Working Capital (DFNWC)	2,901	1,056	1,182	713	1,284	530	642	239	0.00	-294	104
Net Working Capital (NWC)	2,223	402	474	44	662	-108	34	-391	0.00	-1,131	-738
Net Nonoperating Expense (NNE)	125	-2,160	219	50	213	279	107	174	153	148	164
Net Nonoperating Obligations (NNO)	19,115	18,798	19,073	19,294	19,223	18,890	19,089	19,305	0.00	19,290	19,590
Total Depreciation and Amortization (D&A)	231	230	243	238	227	247	271	212	217	245	225
Debt-free, Cash-free Net Working Capital to Revenue	0.45%	-1.08%	-0.39%	-0.71%	-1.29%	-3.27%	-1.51%	-2.61%	0.00%	-5.04%	-2.80%
Debt-free Net Working Capital to Revenue	11.41%	4.09%	4.52%	2.71%	4.83%	1.99%	2.36%	0.88%	0.00%	-1.11%	0.40%
Net Working Capital to Revenue	8.74%	1.56%	1.81%	0.17%	2.49%	-0.41%	0.13%	-1.44%	0.00%	-4.27%	-2.86%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.60	$1.77	($0.24)	$0.08	$0.66	$0.63	$0.21	$0.81	$0.00	$0.73	$0.35
Adjusted Weighted Average Basic Shares Outstanding	1.18B	1.19B	1.21B	1.21B	1.21B	1.21B	1.23B	1.23B	0.00	1.23B	1.22B
Adjusted Diluted Earnings per Share	$0.59	$1.76	($0.24)	$0.08	$0.66	$0.61	$0.21	$0.81	$0.00	$0.72	$0.35
Adjusted Weighted Average Diluted Shares Outstanding	1.18B	1.19B	1.21B	1.21B	1.21B	1.21B	1.23B	1.23B	0.00	1.23B	1.22B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.18B	1.19B	1.21B	1.21B	1.21B	1.21B	1.23B	1.23B	0.00	1.23B	1.22B
Normalized Net Operating Profit after Tax (NOPAT)	839	-28	929	963	1,017	1,036	726	1,172	990	1,035	834
Normalized NOPAT Margin	13.98%	-0.43%	14.55%	14.87%	15.87%	15.10%	11.05%	17.43%	15.26%	14.02%	12.82%
Pre Tax Income Margin	16.97%	-3.62%	-4.43%	5.37%	16.05%	13.85%	7.00%	17.44%	16.20%	14.24%	8.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.45	-0.05	-0.23	2.52	5.55	5.15	3.02	6.14	5.63	5.84	3.39
NOPAT to Interest Expense	3.66	-0.12	-0.31	0.66	4.50	4.52	1.58	5.14	4.36	4.77	2.63
EBIT Less CapEx to Interest Expense	4.41	-1.14	-1.25	1.43	4.25	4.13	1.83	5.08	4.46	4.53	2.53
NOPAT Less CapEx to Interest Expense	2.62	-1.21	-1.32	-0.43	3.20	3.50	0.39	4.08	3.19	3.46	1.77
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	72.36%	70.32%	141.72%	101.93%	69.68%	69.04%	65.99%	62.15%	80.90%	82.77%	159.87%
Augmented Payout Ratio	105.65%	106.30%	203.21%	151.75%	96.77%	85.03%	65.99%	62.15%	80.90%	94.59%	159.87%

Frequently Asked Questions About Kraft Heinz's Financials

When does Kraft Heinz's financial year end?

According to the most recent income statement we have on file, Kraft Heinz's fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has Kraft Heinz's net income changed over the last 9 years?

Over the last 9 years, Kraft Heinz's net income changed from $647 million in 2015 to $2.75 billion in 2024, a change of 324.4%. See Kraft Heinz's forecast for analyst expectations on what’s next for the company.

What is Kraft Heinz's operating income?

Kraft Heinz's total operating income in 2024 was $1.68 billion, based on the following breakdown:

Total Gross Profit: $8.97 billion
Total Operating Expenses: $7.29 billion

How has Kraft Heinz revenue changed over the last 9 years?

Over the last 9 years, Kraft Heinz's total revenue changed from $18.34 billion in 2015 to $25.85 billion in 2024, a change of 40.9%.

How much debt does Kraft Heinz have?

Kraft Heinz's total liabilities were at $38.96 billion at the end of 2024, a 4.1% decrease from 2023, and a 31.3% decrease since 2015.

How much cash does Kraft Heinz have?

In the past 9 years, Kraft Heinz's cash and equivalents has ranged from $1.04 billion in 2022 to $4.84 billion in 2015, and is currently $1.33 billion as of their latest financial filing in 2024.

How has Kraft Heinz's book value per share changed over the last 9 years?

Over the last 9 years, Kraft Heinz's book value per share changed from 47.54 in 2015 to 40.68 in 2024, a change of -14.4%.

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This page (NASDAQ:KHC) was last updated on 5/28/2025 by MarketBeat.com Staff

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