Kraft Heinz Co KHC

Consumer staples SIC 2030 - Canned, Frozen & Preservd Fruit, Veg & Food Specialties NAICS Manufacturing › Food Manufacturing › Fruit and Vegetable Preserving and Specialty Food Manufacturing › Frozen Food Manufacturing derived Nasdaq

We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let's Make Life Delicious. Consumers are at the center of everything we do. With 2025 net sales of approximately $25 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consumer-driven product platforms. As global citizens, we're dedicated to making a sustainable, ethical impact while helping to feed the world in healthy, responsible ways.

On July 2, 2015, through a series of transactions, we consummated the merger of Kraft Foods Group, Inc. ("Kraft") with and into a wholly-owned subsidiary of H.J. Heinz Holding Corporation ("Heinz") (the "2015 Merger"). At the closing of the 2015 Merger, Heinz was renamed The Kraft Heinz Company, and H. J. Heinz Company changed its name to Kraft Heinz Foods Company ("KHFC"). On September 2, 2025, we announced our intention to separate our company into two independent publicly traded companies through a tax-free spin-off (the "Separation"). On February 11, 2026, we announced that the Kraft Heinz Board of Directors (the "Board") has decided to pause work related to the Separation. If work related to the Separation is resumed, the Separation would be subject to the satisfaction of customary conditions, including final approval by the Board, receipt of favorable tax opinions of our U.S. tax advisors with respect to the tax-free nature of the Separation, and the effectiveness of appropriate filings with the U.S. Securities and Exchange Commission.

Last close 24.80 2026-10-23
Market cap $29.41B 2026-06-27 share count
52-week range 21.04 - 28.09

Valuation FY2025 figures against the last close

P/S1.2x
P/E—
P/FCF8.0x
EV/EBITDA—
Dividend yield6.5%
Diluted EPS-4.93

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Other
  • Canada
  • United Kingdom
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 16.8B (67.3%) 67% United States Other, FY2025: 5.1B (20.4%) 20% Other Canada, FY2025: 1.8B (7.2%) 7% Canada United Kingdom, FY2025: 1.3B (5.1%) 5% FY2024 United States, FY2024: 17.8B (68.7%) 69% Other, FY2024: 5B (19.4%) 19% Canada, FY2024: 1.8B (6.9%) 7% United Kingdom, FY2024: 1.3B (5.0%) 5% FY2023 United States, FY2023: 18.4B (69.0%) 69% Other, FY2023: 5.2B (19.7%) 20% Canada, FY2023: 1.7B (6.6%) 7% United Kingdom, FY2023: 1.3B (4.8%) 5%
Region FY2025FY2024FY2023
United States $16.78B $17.77B $18.38B
Other $5.09B $5.02B $5.24B
Canada $1.80B $1.77B $1.75B
United Kingdom $1.27B $1.28B $1.27B

As the company reported it, from the “Segment Reporting - Net Sales by Geography (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • North America
  • International Developed Markets
  • Emerging Markets Segment
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 North America, FY2025: 18.6B (74.5%) 75% North America International Developed Markets, FY2025: 3.5B (14.2%) 14% Emerging Markets Segment, FY2025: 2.8B (11.3%) 11% FY2024 North America, FY2024: 19.5B (75.6%) 76% International Developed Markets, FY2024: 3.5B (13.7%) 14% Emerging Markets Segment, FY2024: 2.8B (10.7%) 11% FY2023 North America, FY2023: 20.1B (75.5%) 76% International Developed Markets, FY2023: 3.6B (13.6%) 14% Emerging Markets Segment, FY2023: 2.9B (10.9%) 11%
Segment FY2025FY2024FY2023
North America $18.59B $19.54B $20.13B
International Developed Markets $3.54B $3.54B $3.62B
Emerging Markets Segment $2.82B $2.77B $2.89B

As the company reported it, from the “Segment Reporting - Net Sales by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $24.94B$25.85B$26.64B$26.48B$26.04B$26.18B$24.98B$26.27B$26.08B$26.30B
Cost of revenue $16.63B$16.88B$17.71B$18.36B$17.36B$17.01B$16.83B$17.35B$17.04B$17.15B
Gross profit $8.31B$8.97B$8.93B$8.12B$8.68B$9.18B$8.15B$8.92B$9.03B$9.15B
R&D $167.0M$150.0M$147.0M$127.0M$140.0M$119.0M$112.0M$109.0M$93.0M$120.0M
SG&A $12.98B$7.29B$4.35B$4.49B$5.22B$7.05B$5.08B$19.13B$2.98B$3.54B
Operating income -$4.67B$1.68B$4.57B$3.63B$3.46B$2.13B$3.07B-$10.21B$6.06B$5.60B
Interest expense $947.0M$912.0M$912.0M$921.0M$2.05B$1.39B$1.36B$1.28B$1.23B$1.13B
Pre-tax income -$5.45B$856.0M$3.63B$2.97B$1.71B$1.03B$2.66B-$11.32B$5.45B$4.94B
Income tax $403.0M$1.89B$787.0M$598.0M$684.0M$669.0M$728.0M$1.07B$5.48B$1.33B
Net income -$5.85B$2.74B$2.85B$2.36B$1.01B$356.0M$1.94B-$10.19B$10.94B$3.60B
EPS, basic -4.932.272.331.930.830.291.59-8.368.982.81
EPS, diluted -4.932.262.311.910.820.291.58-8.368.912.78
Shares, diluted (wtd. avg.) 1.19B1.22B1.24B1.24B1.24B1.23B1.22B1.22B1.23B1.23B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.62B$1.33B$1.40B$1.04B$3.45B$3.42B$2.28B$1.14B$1.77B$4.25B
Receivables $2.25B$2.15B$2.11B$2.12B$1.96B$2.06B$1.97B$2.13B$973.0M$936.0M
Inventory $3.17B$3.38B$3.61B$3.65B$2.73B$2.77B$2.72B$2.67B$3.01B$3.09B
Total current assets $10.13B$7.66B$7.93B$7.90B$8.99B$10.82B$8.10B$9.07B$7.03B$9.04B
Property, plant and equipment ——————$7.05B$7.08B$6.80B$6.69B
Goodwill $22.18B$28.67B$30.46B$30.83B$31.30B$33.09B$35.55B$36.50B$44.57B$44.30B
Other intangibles $37.53B$40.10B$42.45B$42.65B$43.54B$46.67B$48.65B$49.47B$59.38B$59.31B
Total assets $81.79B$88.29B$90.34B$90.51B$93.39B$99.83B$101.45B$103.46B$119.32B$120.95B
Short-term debt ——$0$6.0M$14.0M$6.0M$6.0M$21.0M$1.09B$909.0M
Total current liabilities $8.78B$7.25B$8.04B$9.03B$9.06B$8.06B$7.88B$7.50B$7.41B$9.64B
Total liabilities $40.00B$38.96B$40.62B$41.64B$43.94B$49.59B$49.70B$51.68B$60.90B$63.13B
Retained earnings -$4.63B$2.17B$1.37B$489.0M-$1.68B-$2.69B-$3.06B-$4.85B$1.13B$705.0M
Total equity $41.66B$49.19B$49.69B$48.83B$49.45B$50.24B$51.75B$51.77B$66.07B$57.46B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $4.46B$4.18B$3.98B$2.47B$5.36B$4.93B$3.55B$2.57B$501.0M$2.65B
Depreciation and amortisation $968.0M$948.0M$961.0M$933.0M$910.0M$969.0M$994.0M$983.0M$1.03B$1.34B
Stock-based compensation $95.0M$109.0M$141.0M$148.0M$197.0M$156.0M$46.0M$33.0M$46.0M$46.0M
Capital expenditure $801.0M$1.02B$1.01B$916.0M$905.0M$596.0M$768.0M$826.0M$1.19B$1.25B
Investing cash flow -$1.83B-$1.02B-$916.0M-$1.09B$4.04B-$522.0M$1.51B$288.0M$1.18B$1.45B
Financing cash flow -$1.25B-$3.01B-$2.68B-$3.71B-$9.34B-$3.33B-$3.91B-$3.36B-$4.22B-$4.62B
Dividends paid $1.90B$1.93B$1.97B$1.96B$1.96B$1.96B$1.95B$3.18B$2.89B$3.58B
Buybacks $436.0M$988.0M$455.0M$280.0M$271.0M—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001637459-26-000009.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20B -10B 0 10B 20B 30B Revenue, FY2016: 26.3B Gross profit, FY2016: 9.1B Net income, FY2016: 3.6B Revenue, FY2017: 26.1B Gross profit, FY2017: 9B Net income, FY2017: 10.9B Revenue, FY2018: 26.3B Gross profit, FY2018: 8.9B Net income, FY2018: -10.2B Revenue, FY2019: 25B Gross profit, FY2019: 8.1B Net income, FY2019: 1.9B Revenue, FY2020: 26.2B Gross profit, FY2020: 9.2B Net income, FY2020: 356M Revenue, FY2021: 26B Gross profit, FY2021: 8.7B Net income, FY2021: 1B Revenue, FY2022: 26.5B Gross profit, FY2022: 8.1B Net income, FY2022: 2.4B Revenue, FY2023: 26.6B Gross profit, FY2023: 8.9B Net income, FY2023: 2.9B Revenue, FY2024: 25.8B Gross profit, FY2024: 9B Net income, FY2024: 2.7B Revenue, FY2025: 24.9B Gross profit, FY2025: 8.3B Net income, FY2025: -5.8B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $26.30B $26.08B $26.27B $24.98B $26.18B $26.04B $26.48B $26.64B $25.85B $24.94B
Gross profit $9.15B $9.03B $8.92B $8.15B $9.18B $8.68B $8.12B $8.93B $8.97B $8.31B
Net income $3.60B $10.94B -$10.19B $1.94B $356.0M $1.01B $2.36B $2.85B $2.74B -$5.85B

Recent filings and events

  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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