WK Kellogg (KLG) Financials

$16.92 -0.17 (-0.99%)

Closing price 03:59 PM Eastern

Extended Trading

$16.96 +0.04 (+0.24%)

As of 07:49 PM Eastern

Annual Income Statements for WK Kellogg

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

Metric	2024	2023	2022	2021
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022
Net Income / (Loss) Attributable to Common Shareholders	72	110	-25	162
Consolidated Net Income / (Loss)	72	110	-25	162
Net Income / (Loss) Continuing Operations	72	110	-25	162
Total Pre-Tax Income	85	145	-26	214
Total Operating Income	109	92	75	37
Total Gross Profit	793	754	631	576
Total Revenue	2,708	2,763	2,695	2,460
Operating Revenue	2,708	2,763	2,695	2,460
Total Cost of Revenue	1,915	2,009	2,064	1,884
Operating Cost of Revenue	1,915	2,009	2,064	1,884
Total Operating Expenses	684	662	556	539
Selling, General & Admin Expense	631	662	556	539
Restructuring Charge	53	0.00	0.00	-
Total Other Income / (Expense), net	-24	53	-101	177
Interest Expense	30	10	0.00	0.00
Other Income / (Expense), net	6.00	63	-101	177
Income Tax Expense	13	35	-1.00	52
Basic Earnings per Share	$0.83	$1.28	($0.29)	$1.89
Weighted Average Basic Shares Outstanding	86.20M	85.82M	-	-
Diluted Earnings per Share	$0.82	$1.28	($0.29)	$1.89
Weighted Average Diluted Shares Outstanding	86.20M	85.82M	-	-
Weighted Average Basic & Diluted Shares Outstanding	86.20M	85.82M	-	-
Cash Dividends to Common per Share	$0.64	$0.16	-	-

This table shows WK Kellogg'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
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
Net Income / (Loss) Attributable to Common Shareholders	18	19	-11	31	33	17	42	27	24
Consolidated Net Income / (Loss)	18	19	-11	31	33	17	42	27	24
Net Income / (Loss) Continuing Operations	18	19	-11	31	33	17	42	27	24
Total Pre-Tax Income	22	13	-15	43	44	23	55	35	32
Total Operating Income	20	22	-6.00	47	46	23	17	28	24
Total Gross Profit	189	200	194	196	203	187	196	191	180
Total Revenue	663	640	689	672	707	651	692	700	720
Operating Revenue	663	640	689	672	707	651	692	700	720
Total Cost of Revenue	474	440	495	476	504	464	496	509	540
Operating Cost of Revenue	474	440	495	476	504	464	496	509	540
Total Operating Expenses	169	178	200	149	157	164	179	163	156
Selling, General & Admin Expense	155	163	162	149	157	164	179	163	156
Restructuring Charge	14	-	38	-	-	-	0.00	-	-
Total Other Income / (Expense), net	2.00	-9.00	-9.00	-4.00	-2.00	-	38	7.00	8.00
Interest Expense	3.00	7.00	7.00	8.00	8.00	10	0.00	0.00	0.00
Other Income / (Expense), net	5.00	-2.00	-2.00	4.00	6.00	10	38	7.00	8.00
Income Tax Expense	4.00	-6.00	-4.00	12	11	6.00	13	8.00	8.00
Basic Earnings per Share	$0.20	$0.21	($0.13)	$0.37	$0.38	$0.19	$0.49	$0.32	$0.28
Weighted Average Basic Shares Outstanding	86M	86.20M	86M	86M	86M	85.82M	86M	86M	86M
Diluted Earnings per Share	$0.20	$0.22	($0.13)	$0.36	$0.37	$0.19	$0.49	$0.32	$0.28
Weighted Average Diluted Shares Outstanding	88M	86.20M	86M	88M	87M	85.82M	86M	86M	86M
Weighted Average Basic & Diluted Shares Outstanding	86.26M	86.20M	0.00	0.00	0.00	85.82M	0.00	0.00	0.00
Cash Dividends to Common per Share	$0.17	-	$0.16	$0.16	$0.16	-	-	-	-

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

Metric	2024	2023	2022	2021
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022
Net Change in Cash & Equivalents	-49	89	0.00	0.00
Net Cash From Operating Activities	100	422	53	7.00
Net Cash From Continuing Operating Activities	100	422	53	7.00
Net Income / (Loss) Continuing Operations	72	110	-25	162
Consolidated Net Income / (Loss)	72	110	-25	162
Depreciation Expense	78	66	68	68
Non-Cash Adjustments To Reconcile Net Income	-16	10	115	-156
Changes in Operating Assets and Liabilities, net	-34	236	-105	-67
Net Cash From Investing Activities	-129	-146	-71	-75
Net Cash From Continuing Investing Activities	-129	-146	-71	-75
Purchase of Property, Plant & Equipment	-129	-150	-71	-75
Other Investing Activities, net	0.00	4.00	0.00	0.00
Net Cash From Financing Activities	-16	-188	18	68
Net Cash From Continuing Financing Activities	-16	-188	18	68
Repayment of Debt	-43	-167	0.00	0.00
Payment of Dividends	-55	-685	0.00	0.00
Issuance of Debt	77	664	0.00	0.00
Issuance of Common Equity	5.00	0.00	0.00	-
Other Financing Activities, net	0.00	0.00	18	68
Effect of Exchange Rate Changes	-4.00	1.00	0.00	0.00
Cash Interest Paid	35	10	0.00	0.00
Cash Income Taxes Paid	26	2.00	0.00	0.00

This table details how cash moves in and out of WK Kellogg'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
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
Net Change in Cash & Equivalents	-13	-7.00	3.00	-27	-18	25	62	1.00	1.00	-
Net Cash From Operating Activities	-2.00	2.00	61	27	10	238	44	78	62	-
Net Cash From Continuing Operating Activities	-2.00	2.00	61	27	10	238	44	78	62	-
Net Income / (Loss) Continuing Operations	18	19	-11	31	33	15	42	29	24	-
Consolidated Net Income / (Loss)	18	19	-11	31	33	15	42	29	24	-
Depreciation Expense	22	19	20	20	19	17	17	15	17	-
Non-Cash Adjustments To Reconcile Net Income	10	-30	31	-9.00	-8.00	45	-22	-7.00	-6.00	-
Changes in Operating Assets and Liabilities, net	-52	-6.00	21	-15	-34	161	7.00	41	27	-
Net Cash From Investing Activities	-60	-35	-47	-38	-9.00	-57	-33	-25	-31	-
Net Cash From Continuing Investing Activities	-60	-35	-47	-38	-9.00	-57	-33	-25	-31	-
Purchase of Property, Plant & Equipment	-60	-33	-49	-38	-9.00	-57	-33	-29	-31	-
Net Cash From Financing Activities	49	28	-11	-14	-19	-157	51	-52	-30	-
Net Cash From Continuing Financing Activities	49	28	-11	-14	-19	-157	51	-52	-30	-
Repayment of Debt	-82	-37	-1.00	1.00	-6.00	-160	-7.00	-	0.00	-
Payment of Dividends	-14	-14	-14	-13	-14	3.00	-688	-	0.00	-
Issuance of Debt	144	77	3.00	-	-	-	664	-	0.00	-
Issuance of Common Equity	1.00	2.00	1.00	1.00	1.00	-	-	-	0.00	-
Effect of Exchange Rate Changes	0.00	-2.00	-	-2.00	0.00	1.00	-	-	-	-

This table presents WK Kellogg'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
Period end date	12/28/2024	12/30/2023	12/31/2022
Total Assets	1,962	1,889	1,436
Total Current Assets	619	706	670
Cash & Equivalents	40	89	0.00
Accounts Receivable	199	244	229
Inventories, net	353	345	431
Other Current Assets	27	28	10
Plant, Property, & Equipment, net	786	739	645
Total Noncurrent Assets	557	444	121
Goodwill	53	53	53
Intangible Assets	57	57	57
Employee Benefit Assets	301	283	0.00
Other Noncurrent Operating Assets	146	51	11
Total Liabilities & Shareholders' Equity	1,962	1,889	1,436
Total Liabilities	1,645	1,589	749
Total Current Liabilities	841	836	666
Short-Term Debt	75	12	0.00
Accounts Payable	513	541	484
Accrued Expenses	159	178	135
Other Current Liabilities	94	105	47
Total Noncurrent Liabilities	804	753	83
Long-Term Debt	460	487	0.00
Capital Lease Obligations	95	12	-
Noncurrent Deferred & Payable Income Tax Liabilities	83	106	63
Noncurrent Employee Benefit Liabilities	124	135	0.00
Other Noncurrent Operating Liabilities	42	13	20
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	317	300	687
Total Preferred & Common Equity	317	300	687
Total Common Equity	317	300	687
Common Stock	343	327	0.00
Retained Earnings	16	1.00	0.00
Accumulated Other Comprehensive Income / (Loss)	-42	-28	-38

This table presents WK Kellogg'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	Q3 2024	Q2 2024	Q1 2024
Period end date	3/29/2025	9/28/2024	6/29/2024	3/30/2024
Total Assets	2,016	1,900	1,897	1,888
Total Current Assets	652	602	642	664
Cash & Equivalents	27	47	44	70
Accounts Receivable	231	199	217	244
Inventories, net	371	339	360	328
Other Current Assets	23	17	21	22
Plant, Property, & Equipment, net	799	764	748	735
Total Noncurrent Assets	565	534	507	489
Goodwill	53	53	53	53
Intangible Assets	57	57	57	57
Employee Benefit Assets	308	300	300	292
Other Noncurrent Operating Assets	147	124	97	87
Total Liabilities & Shareholders' Equity	2,016	1,900	1,897	1,888
Total Liabilities	1,689	1,584	1,561	1,571
Total Current Liabilities	836	770	778	789
Short-Term Debt	95	17	13	10
Accounts Payable	527	508	538	544
Accrued Expenses	120	144	124	145
Other Current Liabilities	94	101	103	90
Total Noncurrent Liabilities	853	814	783	782
Long-Term Debt	502	472	478	484
Capital Lease Obligations	99	83	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	83	96	106	107
Noncurrent Employee Benefit Liabilities	125	122	126	133
Other Noncurrent Operating Liabilities	44	41	73	58
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	327	316	336	317
Total Preferred & Common Equity	327	316	336	317
Total Common Equity	327	316	336	317
Common Stock	353	341	335	329
Retained Earnings	19	11	37	20
Accumulated Other Comprehensive Income / (Loss)	-45	-36	-36	-32

This table displays calculated financial ratios and metrics derived from WK Kellogg's official financial filings.

Metric	2024	2023	2022	2021
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022
Growth Metrics	-	-	-	-
Revenue Growth	-1.99%	2.52%	9.55%	0.00%
EBITDA Growth	-12.67%	426.19%	-85.11%	0.00%
EBIT Growth	-25.81%	696.15%	-112.15%	0.00%
NOPAT Growth	32.29%	32.94%	87.44%	0.00%
Net Income Growth	-34.55%	540.00%	-115.43%	0.00%
EPS Growth	-35.94%	541.38%	-115.34%	0.00%
Operating Cash Flow Growth	-76.30%	696.23%	657.14%	0.00%
Free Cash Flow Firm Growth	-366.35%	105.48%	0.00%	0.00%
Invested Capital Growth	25.62%	5.09%	0.00%	0.00%
Revenue Q/Q Growth	-0.40%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	-5.39%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	-10.16%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	13.91%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	2.86%	0.00%	0.00%	0.00%
EPS Q/Q Growth	3.80%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-70.24%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	7.85%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	29.28%	27.29%	23.41%	23.41%
EBITDA Margin	7.13%	8.00%	1.56%	11.46%
Operating Margin	4.03%	3.33%	2.78%	1.50%
EBIT Margin	4.25%	5.61%	-0.96%	8.70%
Profit (Net Income) Margin	2.66%	3.98%	-0.93%	6.59%
Tax Burden Percent	84.71%	75.86%	96.15%	75.70%
Interest Burden Percent	73.91%	93.55%	100.00%	100.00%
Effective Tax Rate	15.29%	24.14%	0.00%	24.30%
Return on Invested Capital (ROIC)	11.34%	9.91%	15.28%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	7.32%	28.96%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	12.00%	12.38%	0.00%	0.00%
Return on Equity (ROE)	23.34%	22.29%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	-11.38%	4.94%	-184.72%	0.00%
Operating Return on Assets (OROA)	5.97%	9.32%	-1.81%	0.00%
Return on Assets (ROA)	3.74%	6.62%	-1.74%	0.00%
Return on Common Equity (ROCE)	23.34%	22.29%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	22.71%	36.67%	-3.64%	0.00%
Net Operating Profit after Tax (NOPAT)	92	70	53	28
NOPAT Margin	3.41%	2.53%	1.95%	1.14%
Net Nonoperating Expense Percent (NNEP)	4.02%	-19.06%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	9.75%	8.61%	7.64%	-
Cost of Revenue to Revenue	70.72%	72.71%	76.59%	76.59%
SG&A Expenses to Revenue	23.30%	23.96%	20.63%	21.91%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.26%	23.96%	20.63%	21.91%
Earnings before Interest and Taxes (EBIT)	115	155	-26	214
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	193	221	42	282
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	4.86	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	7.44	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.57	0.00	0.00	0.00
Price to Earnings (P/E)	21.39	0.00	0.00	0.00
Dividend Yield	3.58%	1.26%	0.00%	0.00%
Earnings Yield	4.68%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.35	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.79	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	11.04	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	18.52	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	23.07	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	21.30	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	1.99	1.70	0.00	0.00
Long-Term Debt to Equity	1.75	1.66	0.00	0.00
Financial Leverage	1.64	0.43	0.00	0.00
Leverage Ratio	6.24	3.37	2.09	0.00
Compound Leverage Factor	4.61	3.15	2.09	0.00
Debt to Total Capital	66.53%	63.01%	0.00%	0.00%
Short-Term Debt to Total Capital	7.92%	1.48%	0.00%	0.00%
Long-Term Debt to Total Capital	58.61%	61.53%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	33.47%	36.99%	100.00%	0.00%
Debt to EBITDA	3.26	2.31	0.00	0.00
Net Debt to EBITDA	3.06	1.91	0.00	0.00
Long-Term Debt to EBITDA	2.88	2.26	0.00	0.00
Debt to NOPAT	6.82	7.32	0.00	0.00
Net Debt to NOPAT	6.39	6.05	0.00	0.00
Long-Term Debt to NOPAT	6.01	7.15	0.00	0.00
Altman Z-Score	2.01	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	0.74	0.84	1.01	0.00
Quick Ratio	0.28	0.40	0.34	0.00
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	-93	35	-635	0.00
Operating Cash Flow to CapEx	77.52%	281.33%	74.65%	9.33%
Free Cash Flow to Firm to Interest Expense	-3.09	3.48	0.00	0.00
Operating Cash Flow to Interest Expense	3.33	42.20	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-0.97	27.20	0.00	0.00
Efficiency Ratios	-	-	-	-
Asset Turnover	1.41	1.66	1.88	0.00
Accounts Receivable Turnover	12.23	11.68	11.77	0.00
Inventory Turnover	5.49	5.18	4.79	0.00
Fixed Asset Turnover	3.55	3.99	4.18	0.00
Accounts Payable Turnover	3.63	3.92	4.26	0.00
Days Sales Outstanding (DSO)	29.86	31.24	31.01	0.00
Days Inventory Outstanding (DIO)	66.52	70.49	76.22	0.00
Days Payable Outstanding (DPO)	100.45	93.11	85.59	0.00
Cash Conversion Cycle (CCC)	-4.07	8.62	21.64	0.00
Capital & Investment Metrics	-	-	-	-
Invested Capital	907	722	687	0.00
Invested Capital Turnover	3.32	3.92	7.85	0.00
Increase / (Decrease) in Invested Capital	185	35	687	0.00
Enterprise Value (EV)	2,130	0.00	0.00	0.00
Market Capitalization	1,540	0.00	0.00	0.00
Book Value per Share	$3.68	$3.50	$0.00	$0.00
Tangible Book Value per Share	$2.40	$2.21	$0.00	$0.00
Total Capital	947	811	687	0.00
Total Debt	630	511	0.00	0.00
Total Long-Term Debt	555	499	0.00	0.00
Net Debt	590	422	0.00	0.00
Capital Expenditures (CapEx)	129	150	71	75
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-187	-207	4.00	0.00
Debt-free Net Working Capital (DFNWC)	-147	-118	4.00	0.00
Net Working Capital (NWC)	-222	-130	4.00	0.00
Net Nonoperating Expense (NNE)	20	-40	78	-134
Net Nonoperating Obligations (NNO)	590	422	0.00	0.00
Total Depreciation and Amortization (D&A)	78	66	68	68
Debt-free, Cash-free Net Working Capital to Revenue	-6.91%	-7.49%	0.15%	0.00%
Debt-free Net Working Capital to Revenue	-5.43%	-4.27%	0.15%	0.00%
Net Working Capital to Revenue	-8.20%	-4.71%	0.15%	0.00%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.83	$1.28	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	86.20M	85.82M	0.00	0.00
Adjusted Diluted Earnings per Share	$0.82	$1.28	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	86.20M	85.82M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	86.20M	85.82M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	137	70	53	28
Normalized NOPAT Margin	5.07%	2.53%	1.95%	1.14%
Pre Tax Income Margin	3.14%	5.25%	-0.96%	8.70%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	3.83	15.50	0.00	0.00
NOPAT to Interest Expense	3.08	6.98	0.00	0.00
EBIT Less CapEx to Interest Expense	-0.47	0.50	0.00	0.00
NOPAT Less CapEx to Interest Expense	-1.22	-8.02	0.00	0.00
Payout Ratios	-	-	-	-
Dividend Payout Ratio	76.39%	622.73%	0.00%	0.00%
Augmented Payout Ratio	76.39%	622.73%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from WK Kellogg's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
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
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.22%	-1.69%	-0.43%	-4.00%	-1.81%	0.00%	0.00%	0.00%	0.00%
EBITDA Growth	-33.80%	-22.00%	-83.33%	42.00%	44.90%	0.00%	0.00%	0.00%	0.00%
EBIT Growth	-51.92%	-39.39%	-114.55%	45.71%	62.50%	0.00%	0.00%	0.00%	0.00%
NOPAT Growth	-52.57%	89.14%	-132.35%	56.87%	91.67%	0.00%	0.00%	0.00%	0.00%
Net Income Growth	-45.45%	11.76%	-126.19%	14.81%	37.50%	0.00%	0.00%	0.00%	0.00%
EPS Growth	-45.95%	15.79%	-126.53%	12.50%	32.14%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-120.00%	-99.16%	38.64%	-65.38%	-83.87%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Growth	66.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	34.41%	25.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	3.59%	-7.11%	2.53%	-4.95%	0.00%	-5.92%	-1.14%	-2.78%	0.00%
EBITDA Q/Q Growth	20.51%	225.00%	-83.10%	0.00%	0.00%	-30.56%	44.00%	2.04%	0.00%
EBIT Q/Q Growth	25.00%	350.00%	-115.69%	-1.92%	0.00%	-40.00%	57.14%	9.38%	0.00%
NOPAT Q/Q Growth	-49.11%	865.57%	-112.40%	-1.79%	0.00%	30.95%	-39.90%	20.00%	0.00%
Net Income Q/Q Growth	-5.26%	272.73%	-135.48%	-6.06%	0.00%	-59.52%	55.56%	12.50%	0.00%
EPS Q/Q Growth	-9.09%	269.23%	-136.11%	-2.70%	0.00%	-61.22%	53.13%	14.29%	0.00%
Operating Cash Flow Q/Q Growth	-200.00%	-96.72%	125.93%	170.00%	0.00%	440.91%	-43.59%	25.81%	0.00%
Free Cash Flow Firm Q/Q Growth	-56.13%	81.92%	-12.83%	-6.03%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	9.81%	7.85%	7.41%	5.67%	4.37%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	28.51%	31.25%	28.16%	29.17%	28.71%	28.73%	28.32%	27.29%	25.00%
EBITDA Margin	7.09%	6.09%	1.74%	10.57%	10.04%	7.68%	10.40%	7.14%	6.81%
Operating Margin	3.02%	3.44%	-0.87%	6.99%	6.51%	3.53%	2.46%	4.00%	3.33%
EBIT Margin	3.77%	3.13%	-1.16%	7.59%	7.36%	5.07%	7.95%	5.00%	4.44%
Profit (Net Income) Margin	2.71%	2.97%	-1.60%	4.61%	4.67%	2.61%	6.07%	3.86%	3.33%
Tax Burden Percent	81.82%	146.15%	73.33%	72.09%	75.00%	73.91%	76.36%	77.14%	75.00%
Interest Burden Percent	88.00%	65.00%	187.50%	84.31%	84.62%	69.70%	100.00%	100.00%	100.00%
Effective Tax Rate	18.18%	-46.15%	0.00%	27.91%	25.00%	26.09%	23.64%	22.86%	25.00%
Return on Invested Capital (ROIC)	7.57%	16.70%	-3.94%	35.06%	36.22%	9.99%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	7.87%	14.10%	-6.53%	33.77%	35.51%	9.99%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	13.36%	23.13%	-10.85%	44.92%	47.50%	14.06%	0.00%	0.00%	0.00%
Return on Equity (ROE)	20.93%	39.84%	-14.79%	79.98%	83.72%	24.05%	0.00%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	-20.71%	-11.38%	0.00%	0.00%	0.00%	4.82%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	5.15%	4.40%	-3.32%	10.89%	10.71%	8.42%	0.00%	0.00%	0.00%
Return on Assets (ROA)	3.71%	4.18%	-4.57%	6.62%	6.80%	4.34%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	20.93%	39.84%	-14.79%	79.98%	83.72%	24.05%	0.00%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	17.43%	0.00%	22.15%	36.61%	37.54%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	16	32	-4.20	34	35	17	13	22	18
NOPAT Margin	2.47%	5.02%	-0.61%	5.04%	4.88%	2.61%	1.88%	3.09%	2.50%
Net Nonoperating Expense Percent (NNEP)	-0.30%	2.60%	2.59%	1.29%	0.71%	0.00%	0.00%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	1.60%	3.40%	-	-	-	2.10%	-	-	-
Cost of Revenue to Revenue	71.49%	68.75%	71.84%	70.83%	71.29%	71.28%	71.68%	72.71%	75.00%
SG&A Expenses to Revenue	23.38%	25.47%	23.51%	22.17%	22.21%	25.19%	25.87%	23.29%	21.67%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.49%	27.81%	29.03%	22.17%	22.21%	25.19%	25.87%	23.29%	21.67%
Earnings before Interest and Taxes (EBIT)	25	20	-8.00	51	52	33	55	35	32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	47	39	12	71	71	50	72	50	49
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.14	4.86	4.77	4.21	5.05	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	7.75	7.44	7.32	6.25	7.73	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.63	0.57	0.55	0.52	0.58	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	29.49	21.39	21.55	11.49	13.44	0.00	0.00	0.00	0.00
Dividend Yield	3.31%	3.58%	3.64%	2.92%	1.72%	1.26%	0.00%	0.00%	0.00%
Earnings Yield	3.39%	4.68%	4.64%	8.70%	7.44%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.36	2.35	2.42	2.38	2.73	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.88	0.79	0.75	0.68	0.74	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	13.90	11.04	9.97	7.05	8.33	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	26.70	18.52	15.89	9.74	11.56	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	31.29	23.07	25.09	18.77	23.42	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	26.70	21.30	6.05	5.83	5.47	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	2.13	1.99	1.81	1.46	1.56	1.70	0.00	0.00	0.00
Long-Term Debt to Equity	1.84	1.75	1.76	1.42	1.53	1.66	0.00	0.00	0.00
Financial Leverage	1.70	1.64	1.66	1.33	1.34	1.41	0.00	0.00	0.00
Leverage Ratio	6.06	6.24	6.01	5.65	5.96	3.37	0.00	0.00	0.00
Compound Leverage Factor	5.33	4.06	11.27	4.76	5.04	2.35	0.00	0.00	0.00
Debt to Total Capital	68.04%	66.53%	64.41%	59.37%	60.91%	63.01%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	9.29%	7.92%	1.91%	1.57%	1.23%	1.48%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	58.75%	58.61%	62.50%	57.80%	59.68%	61.53%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	31.96%	33.47%	35.59%	40.63%	39.09%	36.99%	0.00%	0.00%	0.00%
Debt to EBITDA	4.12	3.26	2.80	1.86	2.03	2.31	0.00	0.00	0.00
Net Debt to EBITDA	3.96	3.06	2.57	1.69	1.74	1.91	0.00	0.00	0.00
Long-Term Debt to EBITDA	3.56	2.88	2.72	1.81	1.99	2.26	0.00	0.00	0.00
Debt to NOPAT	9.27	6.82	7.06	4.95	5.72	7.32	0.00	0.00	0.00
Net Debt to NOPAT	8.91	6.39	6.48	4.51	4.91	6.05	0.00	0.00	0.00
Long-Term Debt to NOPAT	8.00	6.01	6.85	4.82	5.60	7.15	0.00	0.00	0.00
Altman Z-Score	1.86	1.85	1.89	2.01	2.09	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.78	0.74	0.78	0.83	0.84	0.84	0.00	0.00	0.00
Quick Ratio	0.31	0.28	0.32	0.34	0.40	0.40	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-239	-153	-845	-749	-707	0.00	0.00	0.00	0.00
Operating Cash Flow to CapEx	-3.33%	6.06%	124.49%	71.05%	111.11%	417.54%	133.33%	268.97%	200.00%
Free Cash Flow to Firm to Interest Expense	-79.55	-21.84	-120.74	-93.64	-88.31	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-0.67	0.29	8.71	3.38	1.25	23.80	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-20.67	-4.43	1.71	-1.38	0.13	18.10	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	1.36	1.41	2.86	1.43	1.46	1.66	0.00	0.00	0.00
Accounts Receivable Turnover	11.22	12.23	0.00	12.54	11.27	11.68	0.00	0.00	0.00
Inventory Turnover	5.39	5.49	0.00	5.39	6.02	5.18	0.00	0.00	0.00
Fixed Asset Turnover	3.47	3.55	0.00	3.64	3.74	3.99	0.00	0.00	0.00
Accounts Payable Turnover	3.52	3.63	0.00	3.61	3.63	3.92	0.00	0.00	0.00
Days Sales Outstanding (DSO)	32.54	29.86	0.00	29.10	32.39	31.24	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	67.68	66.52	0.00	67.73	60.68	70.49	0.00	0.00	0.00
Days Payable Outstanding (DPO)	103.69	100.45	0.00	101.22	100.64	93.11	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-3.48	-4.07	0.00	-4.39	-7.57	8.62	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	996	907	841	783	741	722	0.00	0.00	0.00
Invested Capital Turnover	3.07	3.32	6.47	6.95	7.42	3.83	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	255	185	841	783	741	0.00	0.00	0.00	0.00
Enterprise Value (EV)	2,350	2,130	2,033	1,861	2,024	0.00	0.00	0.00	0.00
Market Capitalization	1,681	1,540	1,508	1,414	1,600	0.00	0.00	0.00	0.00
Book Value per Share	$3.79	$3.68	$3.68	$3.91	$3.69	$3.50	$0.00	$0.00	$0.00
Tangible Book Value per Share	$2.52	$2.40	$2.40	$2.63	$2.41	$2.21	$0.00	$0.00	$0.00
Total Capital	1,023	947	888	827	811	811	0.00	0.00	0.00
Total Debt	696	630	572	491	494	511	0.00	0.00	0.00
Total Long-Term Debt	601	555	555	478	484	499	0.00	0.00	0.00
Net Debt	669	590	525	447	424	422	0.00	0.00	0.00
Capital Expenditures (CapEx)	60	33	49	38	9.00	57	33	29	31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-116	-187	-198	-167	-185	-207	0.00	0.00	0.00
Debt-free Net Working Capital (DFNWC)	-89	-147	-151	-123	-115	-118	0.00	0.00	0.00
Net Working Capital (NWC)	-184	-222	-168	-136	-125	-130	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-1.64	13	6.80	2.88	1.50	0.00	-29	-5.40	-6.00
Net Nonoperating Obligations (NNO)	669	590	525	447	424	422	0.00	0.00	0.00
Total Depreciation and Amortization (D&A)	22	19	20	20	19	17	17	15	17
Debt-free, Cash-free Net Working Capital to Revenue	-4.35%	-6.91%	-7.28%	-6.14%	-6.73%	-7.49%	0.00%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	-3.34%	-5.43%	-5.55%	-4.52%	-4.18%	-4.27%	0.00%	0.00%	0.00%
Net Working Capital to Revenue	-6.91%	-8.20%	-6.18%	-5.00%	-4.55%	-4.71%	0.00%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.20	$0.21	($0.13)	$0.37	$0.38	$0.19	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	86M	86.20M	86M	86M	86M	85.82M	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$0.20	$0.22	($0.13)	$0.36	$0.37	$0.19	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	88M	86.20M	86M	88M	87M	85.82M	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$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	86.26M	86.20M	0.00	0.00	0.00	85.82M	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	28	15	22	34	35	17	13	22	18
Normalized NOPAT Margin	4.20%	2.41%	3.25%	5.04%	4.88%	2.61%	1.88%	3.09%	2.50%
Pre Tax Income Margin	3.32%	2.03%	-2.18%	6.40%	6.22%	3.53%	7.95%	5.00%	4.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.33	2.86	-1.14	6.38	6.50	3.30	0.00	0.00	0.00
NOPAT to Interest Expense	5.45	4.59	-0.60	4.24	4.31	1.70	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-11.67	-1.86	-8.14	1.63	5.38	-2.40	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-14.55	-0.12	-7.60	-0.51	3.19	-4.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	96.49%	76.39%	54.29%	578.86%	587.40%	622.73%	0.00%	0.00%	0.00%
Augmented Payout Ratio	96.49%	76.39%	54.29%	578.86%	587.40%	622.73%	0.00%	0.00%	0.00%

Frequently Asked Questions About WK Kellogg's Financials

When does WK Kellogg's financial year end?

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

How has WK Kellogg's net income changed over the last 3 years?

WK Kellogg's net income appears to be on a downward trend, with a most recent value of $72 million in 2024, falling from $162 million in 2021. The previous period was $110 million in 2023. See where experts think WK Kellogg is headed by visiting WK Kellogg's forecast page.

What is WK Kellogg's operating income?

WK Kellogg's total operating income in 2024 was $109 million, based on the following breakdown:

Total Gross Profit: $793 million
Total Operating Expenses: $684 million

How has WK Kellogg revenue changed over the last 3 years?

Over the last 3 years, WK Kellogg's total revenue changed from $2.46 billion in 2021 to $2.71 billion in 2024, a change of 10.1%.

How much debt does WK Kellogg have?

WK Kellogg's total liabilities were at $1.65 billion at the end of 2024, a 3.5% increase from 2023, and a 119.6% increase since 2022.

How much cash does WK Kellogg have?

In the past 2 years, WK Kellogg's cash and equivalents has ranged from $0.00 in 2022 to $89 million in 2023, and is currently $40 million as of their latest financial filing in 2024.

How has WK Kellogg's book value per share changed over the last 3 years?

Over the last 3 years, WK Kellogg's book value per share changed from 0.00 in 2021 to 3.68 in 2024, a change of 368.1%.

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This page (NYSE:KLG) was last updated on 5/30/2025 by MarketBeat.com Staff

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WK Kellogg (KLG) Financials

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WK Kellogg (KLG) Financials

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