WK Kellogg (KLG) Financials

$17.92 +0.57 (+3.25%)

Closing price 05/6/2025 03:59 PM Eastern

Extended Trading

$17.74 -0.19 (-1.06%)

As of 05/6/2025 07:57 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	2021	2022	2023	2024
Period end date	1/1/2022	12/31/2022	12/30/2023	12/28/2024
Net Income / (Loss) Attributable to Common Shareholders	162	-25	110	72
Consolidated Net Income / (Loss)	162	-25	110	72
Net Income / (Loss) Continuing Operations	162	-25	110	72
Total Pre-Tax Income	214	-26	145	85
Total Operating Income	37	75	92	109
Total Gross Profit	576	631	754	793
Total Revenue	2,460	2,695	2,763	2,708
Operating Revenue	2,460	2,695	2,763	2,708
Total Cost of Revenue	1,884	2,064	2,009	1,915
Operating Cost of Revenue	1,884	2,064	2,009	1,915
Total Operating Expenses	539	556	662	684
Selling, General & Admin Expense	539	556	662	631
Restructuring Charge	-	0.00	0.00	53
Total Other Income / (Expense), net	177	-101	53	-24
Interest Expense	0.00	0.00	10	30
Other Income / (Expense), net	177	-101	63	6.00
Income Tax Expense	52	-1.00	35	13
Basic Earnings per Share	$1.89	($0.29)	$1.28	$0.83
Weighted Average Basic Shares Outstanding	-	-	85.82M	86.20M
Diluted Earnings per Share	$1.89	($0.29)	$1.28	$0.82
Weighted Average Diluted Shares Outstanding	-	-	85.82M	86.20M
Weighted Average Basic & Diluted Shares Outstanding	-	-	85.82M	86.20M
Cash Dividends to Common per Share	-	-	$0.16	$0.64

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 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Net Income / (Loss) Attributable to Common Shareholders	24	27	42	17	33	31	-11	19
Consolidated Net Income / (Loss)	24	27	42	17	33	31	-11	19
Net Income / (Loss) Continuing Operations	24	27	42	17	33	31	-11	19
Total Pre-Tax Income	32	35	55	23	44	43	-15	13
Total Operating Income	24	28	17	23	46	47	-6.00	22
Total Gross Profit	180	191	196	187	203	196	194	200
Total Revenue	720	700	692	651	707	672	689	640
Operating Revenue	720	700	692	651	707	672	689	640
Total Cost of Revenue	540	509	496	464	504	476	495	440
Operating Cost of Revenue	540	509	496	464	504	476	495	440
Total Operating Expenses	156	163	179	164	157	149	200	178
Selling, General & Admin Expense	156	163	179	164	157	149	162	163
Total Other Income / (Expense), net	8.00	7.00	38	-	-2.00	-4.00	-9.00	-9.00
Interest Expense	0.00	0.00	0.00	10	8.00	8.00	7.00	7.00
Other Income / (Expense), net	8.00	7.00	38	10	6.00	4.00	-2.00	-2.00
Income Tax Expense	8.00	8.00	13	6.00	11	12	-4.00	-6.00
Basic Earnings per Share	$0.28	$0.32	$0.49	$0.19	$0.38	$0.37	($0.13)	$0.21
Weighted Average Basic Shares Outstanding	86M	86M	86M	85.82M	86M	86M	86M	86.20M
Diluted Earnings per Share	$0.28	$0.32	$0.49	$0.19	$0.37	$0.36	($0.13)	$0.22
Weighted Average Diluted Shares Outstanding	86M	86M	86M	85.82M	87M	88M	86M	86.20M
Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	85.82M	0.00	0.00	0.00	86.20M

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

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	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	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
Net Change in Cash & Equivalents	-	1.00	1.00	62	25	-18	-27	3.00	-7.00
Net Cash From Operating Activities	-	62	78	44	238	10	27	61	2.00
Net Cash From Continuing Operating Activities	-	62	78	44	238	10	27	61	2.00
Net Income / (Loss) Continuing Operations	-	24	29	42	15	33	31	-11	19
Consolidated Net Income / (Loss)	-	24	29	42	15	33	31	-11	19
Depreciation Expense	-	17	15	17	17	19	20	20	19
Non-Cash Adjustments To Reconcile Net Income	-	-6.00	-7.00	-22	45	-8.00	-9.00	31	-30
Changes in Operating Assets and Liabilities, net	-	27	41	7.00	161	-34	-15	21	-6.00
Net Cash From Investing Activities	-	-31	-25	-33	-57	-9.00	-38	-47	-35
Net Cash From Continuing Investing Activities	-	-31	-25	-33	-57	-9.00	-38	-47	-35
Purchase of Property, Plant & Equipment	-	-31	-29	-33	-57	-9.00	-38	-49	-33
Other Investing Activities, net	-	-	-	-	-	-	-	2.00	-2.00
Net Cash From Financing Activities	-	-30	-52	51	-157	-19	-14	-11	28
Net Cash From Continuing Financing Activities	-	-30	-52	51	-157	-19	-14	-11	28
Repayment of Debt	-	0.00	-	-7.00	-160	-6.00	1.00	-1.00	-37
Payment of Dividends	-	0.00	-	-688	3.00	-14	-13	-14	-14
Issuance of Debt	-	0.00	-	664	-	-	-	3.00	77
Issuance of Common Equity	-	0.00	-	-	-	1.00	1.00	1.00	2.00
Effect of Exchange Rate Changes	-	-	-	-	1.00	0.00	-2.00	-	-2.00

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

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

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

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

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	-1.81%	-4.00%	-0.43%	-1.69%
EBITDA Growth	0.00%	0.00%	0.00%	0.00%	44.90%	42.00%	-83.33%	-22.00%
EBIT Growth	0.00%	0.00%	0.00%	0.00%	62.50%	45.71%	-114.55%	-39.39%
NOPAT Growth	0.00%	0.00%	0.00%	0.00%	91.67%	56.87%	-132.35%	89.14%
Net Income Growth	0.00%	0.00%	0.00%	0.00%	37.50%	14.81%	-126.19%	11.76%
EPS Growth	0.00%	0.00%	0.00%	0.00%	32.14%	12.50%	-126.53%	15.79%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	0.00%	-83.87%	-65.38%	38.64%	-99.16%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	25.62%
Revenue Q/Q Growth	0.00%	-2.78%	-1.14%	-5.92%	0.00%	-4.95%	2.53%	-7.11%
EBITDA Q/Q Growth	0.00%	2.04%	44.00%	-30.56%	0.00%	0.00%	-83.10%	225.00%
EBIT Q/Q Growth	0.00%	9.38%	57.14%	-40.00%	0.00%	-1.92%	-115.69%	350.00%
NOPAT Q/Q Growth	0.00%	20.00%	-39.90%	30.95%	0.00%	-1.79%	-112.40%	865.57%
Net Income Q/Q Growth	0.00%	12.50%	55.56%	-59.52%	0.00%	-6.06%	-135.48%	272.73%
EPS Q/Q Growth	0.00%	14.29%	53.13%	-61.22%	0.00%	-2.70%	-136.11%	269.23%
Operating Cash Flow Q/Q Growth	0.00%	25.81%	-43.59%	440.91%	0.00%	170.00%	125.93%	-96.72%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-6.03%	-12.83%	81.92%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	4.37%	5.67%	7.41%	7.85%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	25.00%	27.29%	28.32%	28.73%	28.71%	29.17%	28.16%	31.25%
EBITDA Margin	6.81%	7.14%	10.40%	7.68%	10.04%	10.57%	1.74%	6.09%
Operating Margin	3.33%	4.00%	2.46%	3.53%	6.51%	6.99%	-0.87%	3.44%
EBIT Margin	4.44%	5.00%	7.95%	5.07%	7.36%	7.59%	-1.16%	3.13%
Profit (Net Income) Margin	3.33%	3.86%	6.07%	2.61%	4.67%	4.61%	-1.60%	2.97%
Tax Burden Percent	75.00%	77.14%	76.36%	73.91%	75.00%	72.09%	73.33%	146.15%
Interest Burden Percent	100.00%	100.00%	100.00%	69.70%	84.62%	84.31%	187.50%	65.00%
Effective Tax Rate	25.00%	22.86%	23.64%	26.09%	25.00%	27.91%	0.00%	-46.15%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	9.99%	36.22%	35.06%	-3.94%	16.70%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	9.99%	35.51%	33.77%	-6.53%	14.10%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	14.06%	47.50%	44.92%	-10.85%	23.13%
Return on Equity (ROE)	0.00%	0.00%	0.00%	24.05%	83.72%	79.98%	-14.79%	39.84%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	4.82%	0.00%	0.00%	0.00%	-11.38%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	8.42%	10.71%	10.89%	-3.32%	4.40%
Return on Assets (ROA)	0.00%	0.00%	0.00%	4.34%	6.80%	6.62%	-4.57%	4.18%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	24.05%	83.72%	79.98%	-14.79%	39.84%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	37.54%	36.61%	22.15%	0.00%
Net Operating Profit after Tax (NOPAT)	18	22	13	17	35	34	-4.20	32
NOPAT Margin	2.50%	3.09%	1.88%	2.61%	4.88%	5.04%	-0.61%	5.02%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.71%	1.29%	2.59%	2.60%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	2.10%	-	-	-	3.40%
Cost of Revenue to Revenue	75.00%	72.71%	71.68%	71.28%	71.29%	70.83%	71.84%	68.75%
SG&A Expenses to Revenue	21.67%	23.29%	25.87%	25.19%	22.21%	22.17%	23.51%	25.47%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.67%	23.29%	25.87%	25.19%	22.21%	22.17%	29.03%	27.81%
Earnings before Interest and Taxes (EBIT)	32	35	55	33	52	51	-8.00	20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	49	50	72	50	71	71	12	39
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	5.05	4.21	4.77	4.86
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	7.73	6.25	7.32	7.44
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.58	0.52	0.55	0.57
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	13.44	11.49	21.55	21.39
Dividend Yield	0.00%	0.00%	0.00%	1.26%	1.72%	2.92%	3.64%	3.58%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	7.44%	8.70%	4.64%	4.68%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	2.73	2.38	2.42	2.35
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.74	0.68	0.75	0.79
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	8.33	7.05	9.97	11.04
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	11.56	9.74	15.89	18.52
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	23.42	18.77	25.09	23.07
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	5.47	5.83	6.05	21.30
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	1.70	1.56	1.46	1.81	1.99
Long-Term Debt to Equity	0.00	0.00	0.00	1.66	1.53	1.42	1.76	1.75
Financial Leverage	0.00	0.00	0.00	1.41	1.34	1.33	1.66	1.64
Leverage Ratio	0.00	0.00	0.00	3.37	5.96	5.65	6.01	6.24
Compound Leverage Factor	0.00	0.00	0.00	2.35	5.04	4.76	11.27	4.06
Debt to Total Capital	0.00%	0.00%	0.00%	63.01%	60.91%	59.37%	64.41%	66.53%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.48%	1.23%	1.57%	1.91%	7.92%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	61.53%	59.68%	57.80%	62.50%	58.61%
Preferred Equity to Total Capital	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%
Common Equity to Total Capital	0.00%	0.00%	0.00%	36.99%	39.09%	40.63%	35.59%	33.47%
Debt to EBITDA	0.00	0.00	0.00	2.31	2.03	1.86	2.80	3.26
Net Debt to EBITDA	0.00	0.00	0.00	1.91	1.74	1.69	2.57	3.06
Long-Term Debt to EBITDA	0.00	0.00	0.00	2.26	1.99	1.81	2.72	2.88
Debt to NOPAT	0.00	0.00	0.00	7.32	5.72	4.95	7.06	6.82
Net Debt to NOPAT	0.00	0.00	0.00	6.05	4.91	4.51	6.48	6.39
Long-Term Debt to NOPAT	0.00	0.00	0.00	7.15	5.60	4.82	6.85	6.01
Altman Z-Score	0.00	0.00	0.00	0.00	2.09	2.01	1.89	1.85
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	0.84	0.84	0.83	0.78	0.74
Quick Ratio	0.00	0.00	0.00	0.40	0.40	0.34	0.32	0.28
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	0.00	0.00	-707	-749	-845	-153
Operating Cash Flow to CapEx	200.00%	268.97%	133.33%	417.54%	111.11%	71.05%	124.49%	6.06%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-88.31	-93.64	-120.74	-21.84
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	23.80	1.25	3.38	8.71	0.29
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	18.10	0.13	-1.38	1.71	-4.43
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	1.66	1.46	1.43	2.86	1.41
Accounts Receivable Turnover	0.00	0.00	0.00	11.68	11.27	12.54	0.00	12.23
Inventory Turnover	0.00	0.00	0.00	5.18	6.02	5.39	0.00	5.49
Fixed Asset Turnover	0.00	0.00	0.00	3.99	3.74	3.64	0.00	3.55
Accounts Payable Turnover	0.00	0.00	0.00	3.92	3.63	3.61	0.00	3.63
Days Sales Outstanding (DSO)	0.00	0.00	0.00	31.24	32.39	29.10	0.00	29.86
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	70.49	60.68	67.73	0.00	66.52
Days Payable Outstanding (DPO)	0.00	0.00	0.00	93.11	100.64	101.22	0.00	100.45
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	8.62	-7.57	-4.39	0.00	-4.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	722	741	783	841	907
Invested Capital Turnover	0.00	0.00	0.00	3.83	7.42	6.95	6.47	3.32
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	0.00	741	783	841	185
Enterprise Value (EV)	0.00	0.00	0.00	0.00	2,024	1,861	2,033	2,130
Market Capitalization	0.00	0.00	0.00	0.00	1,600	1,414	1,508	1,540
Book Value per Share	$0.00	$0.00	$0.00	$3.50	$3.69	$3.91	$3.68	$3.68
Tangible Book Value per Share	$0.00	$0.00	$0.00	$2.21	$2.41	$2.63	$2.40	$2.40
Total Capital	0.00	0.00	0.00	811	811	827	888	947
Total Debt	0.00	0.00	0.00	511	494	491	572	630
Total Long-Term Debt	0.00	0.00	0.00	499	484	478	555	555
Net Debt	0.00	0.00	0.00	422	424	447	525	590
Capital Expenditures (CapEx)	31	29	33	57	9.00	38	49	33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	-207	-185	-167	-198	-187
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	-118	-115	-123	-151	-147
Net Working Capital (NWC)	0.00	0.00	0.00	-130	-125	-136	-168	-222
Net Nonoperating Expense (NNE)	-6.00	-5.40	-29	0.00	1.50	2.88	6.80	13
Net Nonoperating Obligations (NNO)	0.00	0.00	0.00	422	424	447	525	590
Total Depreciation and Amortization (D&A)	17	15	17	17	19	20	20	19
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	-7.49%	-6.73%	-6.14%	-7.28%	-6.91%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	-4.27%	-4.18%	-4.52%	-5.55%	-5.43%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	-4.71%	-4.55%	-5.00%	-6.18%	-8.20%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.19	$0.38	$0.37	($0.13)	$0.21
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	85.82M	86M	86M	86M	86.20M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.19	$0.37	$0.36	($0.13)	$0.22
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	85.82M	87M	88M	86M	86.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	85.82M	0.00	0.00	0.00	86.20M
Normalized Net Operating Profit after Tax (NOPAT)	18	22	13	17	35	34	22	15
Normalized NOPAT Margin	2.50%	3.09%	1.88%	2.61%	4.88%	5.04%	3.25%	2.41%
Pre Tax Income Margin	4.44%	5.00%	7.95%	3.53%	6.22%	6.40%	-2.18%	2.03%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	3.30	6.50	6.38	-1.14	2.86
NOPAT to Interest Expense	0.00	0.00	0.00	1.70	4.31	4.24	-0.60	4.59
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-2.40	5.38	1.63	-8.14	-1.86
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-4.00	3.19	-0.51	-7.60	-0.12
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	622.73%	587.40%	578.86%	54.29%	76.39%
Augmented Payout Ratio	0.00%	0.00%	0.00%	622.73%	587.40%	578.86%	54.29%	76.39%

Frequently Asked Questions About WK Kellogg's Financials

When does WK Kellogg's fiscal year end?

According to the most recent income statement we have on file, WK Kellogg's financial year ends in December. Their financial 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. Find out what analysts predict for WK Kellogg in the coming months.

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 5/7/2025 by MarketBeat.com Staff

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WK Kellogg (KLG) Financials

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WK Kellogg (KLG) Financials

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