Kraft Heinz (KHC) Financials

$28.23 -0.17 (-0.60%)

Closing price 04:00 PM Eastern

Extended Trading

$28.28 +0.05 (+0.18%)

As of 04:56 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/3/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024
Net Income / (Loss) Attributable to Common Shareholders	-266	3,416	10,941	-10,192	1,935	356	1,012	2,363	2,855	2,744
Consolidated Net Income / (Loss)	647	3,606	10,932	-10,254	1,933	361	1,024	2,368	2,846	2,746
Net Income / (Loss) Continuing Operations	647	3,606	10,932	-10,254	1,933	361	1,024	2,368	2,846	2,746
Total Pre-Tax Income	1,013	4,939	5,450	-11,321	2,661	1,030	1,708	2,966	3,633	856
Total Operating Income	2,639	5,601	6,057	-10,205	3,070	2,128	3,460	3,634	4,572	1,683
Total Gross Profit	5,761	9,146	9,033	8,921	8,147	9,177	8,682	8,122	8,926	8,968
Total Revenue	18,338	26,300	26,076	26,268	24,977	26,185	26,042	26,485	26,640	25,846
Operating Revenue	18,338	26,300	26,076	26,268	24,977	26,185	26,042	26,485	26,640	25,846
Total Cost of Revenue	12,577	17,154	17,043	17,347	16,830	17,008	17,360	18,363	17,714	16,878
Operating Cost of Revenue	12,577	17,154	17,043	17,347	16,830	17,008	17,360	18,363	17,714	16,878
Total Operating Expenses	3,122	3,545	2,976	19,126	5,077	7,049	5,222	4,488	4,354	7,285
Selling, General & Admin Expense	3,122	3,527	2,927	3,190	3,178	3,650	3,588	3,575	3,692	3,616
Impairment Charge	-	18	49	15,936	1,899	3,399	1,634	913	662	3,669
Total Other Income / (Expense), net	-1,626	-662	-607	-1,116	-409	-1,098	-1,752	-668	-939	-827
Interest Expense	1,321	1,134	1,234	1,284	1,361	1,394	2,047	921	912	912
Other Income / (Expense), net	-305	472	627	168	952	296	295	253	-27	85
Income Tax Expense	366	1,333	-5,482	-1,067	728	669	684	598	787	-1,890
Net Income / (Loss) Attributable to Noncontrolling Interest	13	10	-9.00	-62	-2.00	5.00	12	5.00	-9.00	2.00
Basic Earnings per Share	($0.34)	$2.81	$8.98	($8.36)	$1.59	$0.29	$0.83	$1.93	$2.33	$2.27
Weighted Average Basic Shares Outstanding	786M	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.23B	1.21B	1.19B
Diluted Earnings per Share	($0.34)	$2.78	$8.91	($8.36)	$1.58	$0.29	$0.82	$1.91	$2.31	$2.26
Weighted Average Diluted Shares Outstanding	786M	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.23B	1.21B	1.19B
Weighted Average Basic & Diluted Shares Outstanding	786M	1.22B	1.22B	1.22B	1.22B	1.22B	1.22B	1.23B	1.21B	1.19B
Cash Dividends to Common per Share	$1.70	$2.35	$2.45	$2.50	$1.60	$1.60	$1.60	$1.60	$1.60	$1.60

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/24/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Net Income / (Loss) Attributable to Common Shareholders	432	890	836	1,000	262	757	801	102	-290	2,131	712
Consolidated Net Income / (Loss)	435	887	837	998	254	757	804	100	-290	2,132	714
Net Income / (Loss) Continuing Operations	435	887	837	998	254	757	804	100	-290	2,132	714
Total Pre-Tax Income	545	1,051	1,051	1,172	460	950	1,029	348	-283	-238	1,018
Total Operating Income	751	1,226	1,243	1,376	653	1,300	1,302	522	-101	-40	1,196
Total Gross Profit	1,843	2,364	2,113	2,261	2,235	2,317	2,243	2,294	2,186	2,245	2,064
Total Revenue	6,505	7,381	6,489	6,721	6,570	6,860	6,411	6,476	6,383	6,576	5,999
Operating Revenue	6,505	7,381	6,489	6,721	6,570	6,860	6,411	6,476	6,383	6,576	5,999
Total Cost of Revenue	4,662	5,017	4,376	4,460	4,335	4,543	4,168	4,182	4,197	4,331	3,935
Operating Cost of Revenue	4,662	5,017	4,376	4,460	4,335	4,543	4,168	4,182	4,197	4,331	3,935
Total Operating Expenses	1,092	1,138	870	885	1,582	1,017	941	1,772	2,287	2,285	868
Selling, General & Admin Expense	798	1,138	870	885	920	1,017	941	918	859	898	868
Total Other Income / (Expense), net	-206	-175	-192	-204	-193	-350	-273	-174	-182	-198	-178
Interest Expense	228	217	227	228	228	229	226	229	230	227	229
Other Income / (Expense), net	22	42	35	24	35	-121	-47	55	48	29	51
Income Tax Expense	110	164	214	174	206	193	225	248	7.00	-2,370	304
Net Income / (Loss) Attributable to Noncontrolling Interest	3.00	-3.00	1.00	-2.00	-8.00	-	3.00	-2.00	0.00	1.00	2.00
Basic Earnings per Share	$0.35	$0.73	$0.68	$0.81	$0.21	$0.63	$0.66	$0.08	($0.24)	$1.77	$0.60
Weighted Average Basic Shares Outstanding	1.23B	1.23B	-	1.23B	1.23B	1.21B	1.21B	1.21B	1.21B	1.19B	1.18B
Diluted Earnings per Share	$0.35	$0.72	$0.68	$0.81	$0.21	$0.61	$0.66	$0.08	($0.24)	$1.76	$0.59
Weighted Average Diluted Shares Outstanding	1.23B	1.23B	-	1.23B	1.23B	1.21B	1.21B	1.21B	1.21B	1.19B	1.18B
Weighted Average Basic & Diluted Shares Outstanding	1.23B	1.23B	-	1.23B	1.23B	1.21B	1.21B	1.21B	1.21B	1.19B	1.18B
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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/3/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024
Net Change in Cash & Equivalents	2,602	-657	-2,543	-633	1,150	1,138	28	-2,405	363	153
Net Cash From Operating Activities	1,272	2,648	501	2,574	3,552	4,929	5,364	2,469	3,976	4,184
Net Cash From Continuing Operating Activities	925	2,648	501	2,574	3,552	4,929	5,364	2,478	3,984	4,174
Net Income / (Loss) Continuing Operations	647	3,606	10,932	-10,254	1,933	361	1,024	2,368	2,846	2,746
Consolidated Net Income / (Loss)	647	3,606	10,932	-10,254	1,933	361	1,024	2,368	2,846	2,746
Depreciation Expense	740	1,337	1,031	983	994	969	910	933	961	948
Amortization Expense	-112	-347	-328	-339	-306	-122	-7.00	-14	-14	-10
Non-Cash Adjustments To Reconcile Net Income	375	-406	-1,528	16,054	1,601	3,660	3,218	959	773	3,982
Changes in Operating Assets and Liabilities, net	-725	-1,542	-9,606	-3,870	-670	61	219	-1,768	-582	-3,492
Net Cash From Investing Activities	-8,309	1,452	1,177	288	1,511	-522	4,038	-1,091	-916	-1,023
Net Cash From Continuing Investing Activities	-8,309	1,452	1,177	288	1,511	-522	4,038	-1,091	-916	-1,023
Purchase of Property, Plant & Equipment	-648	-1,247	-1,194	-826	-768	-596	-905	-916	-1,013	-1,024
Acquisitions	-9,468	0.00	0.00	-248	-199	0.00	-74	-481	0.00	-140
Divestitures	-	-	0.00	18	1,875	0.00	5,014	88	0.00	8.00
Sale and/or Maturity of Investments	488	-	6.00	24	590	-	-28	-	-	75
Other Investing Activities, net	1,319	2,699	2,365	1,320	13	49	31	10	66	58
Net Cash From Financing Activities	10,047	-4,620	-4,221	-3,363	-3,913	-3,331	-9,344	-3,714	-2,678	-3,008
Net Cash From Continuing Financing Activities	10,047	-4,620	-4,221	-3,363	-3,913	-3,331	-9,344	-3,714	-2,678	-3,008
Repayment of Debt	-12,585	-6,197	-8,890	-5,954	-5,484	-8,873	-7,114	-1,702	-1,065	-683
Repurchase of Common Equity	-	-	-	-	-	-	-271	-280	-455	-988
Payment of Dividends	-2,202	-3,764	-2,888	-3,183	-1,953	-1,958	-1,959	-1,960	-1,965	-1,931
Issuance of Debt	14,834	13,661	7,557	5,774	3,524	7,500	0.00	228	807	594
Cash Interest Paid	704	1,176	1,269	1,322	1,306	1,286	1,196	937	896	906
Cash Income Taxes Paid	577	1,619	1,206	543	974	1,027	1,295	1,260	932	967

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

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

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

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

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

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

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

Frequently Asked Questions About Kraft Heinz's Financials

When does Kraft Heinz's fiscal year end?

According to the most recent income statement we have on file, Kraft Heinz's financial year ends in December. Their financial 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%. View Kraft Heinz's forecast to see where analysts expect Kraft Heinz to go next.

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 5/7/2025 by MarketBeat.com Staff

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