Post Holdings, Inc. POST
We are a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, foodservice and food ingredient categories. Unless otherwise stated or the context otherwise indicates, all references in this Form 10-K to "Post," "the Company," "us," "our" or "we" mean Post Holdings, Inc. and its subsidiaries.
Post is a Missouri corporation incorporated on September 22, 2011. On February 3, 2012, Post completed its legal separation via a tax free spin-off from its former parent company. On February 6, 2012, Post common stock began trading on the New York Stock Exchange under the ticker symbol "POST".
•Post Consumer Brands: Includes branded and private label ready-to-eat ("RTE") cereals and granola from the businesses of Post Foods, LLC, MOM Brands Company, LLC, which Post acquired in May 2015, Weetabix North America, which Post acquired as part of its acquisition of Weetabix Limited in July 2017 referred to below, certain private label RTE cereal operations, which Post acquired in June 2021, and 8th Avenue Food & Provisions, Inc. ("8th Avenue"), the transactions related to which are discussed below under "Recent Strategic Transactions," peanut butter under the Peter Pan brand, which Post acquired in January 2021, private label peanut butter and other nut butters, pasta and dried fruit and nut products from 8th Avenue and branded and private label pet food, the brands and operations of which Post acquired in April 2023 and December 2023 (collectively, the "Pet Acquisitions");
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.16B | $7.92B | $6.99B | $5.85B | $4.98B | $4.71B | $5.68B | $6.26B | $5.23B | $5.03B |
| Cost of revenue | $5.82B | $5.62B | $5.11B | $4.38B | $3.55B | $3.26B | $3.89B | $4.40B | $3.65B | $3.48B |
| Gross profit | $2.34B | $2.30B | $1.88B | $1.47B | $1.43B | $1.45B | $1.79B | $1.85B | $1.57B | $1.55B |
| R&D | $31.9M | $29.0M | $22.9M | $18.9M | $21.9M | $19.1M | $25.0M | $25.1M | $18.6M | $16.3M |
| SG&A | $1.31B | $1.33B | $1.08B | $904.7M | $807.0M | $782.5M | $911.6M | $976.4M | $867.7M | $839.7M |
| Operating income | $799.3M | $793.5M | $598.9M | $415.6M | $487.7M | $536.5M | $781.0M | $573.5M | $516.7M | $545.7M |
| Interest expense | $361.4M | $316.5M | $279.1M | $317.8M | $332.6M | $333.9M | $322.4M | $387.3M | $314.8M | $306.5M |
| Pre-tax income | $444.0M | $472.1M | $412.9M | $895.3M | $214.0M | -$45.9M | $159.1M | $264.7M | $74.4M | -$30.1M |
| Income tax | $108.7M | $105.1M | $99.7M | $85.7M | $58.2M | $21.3M | $3.9M | $204.0M | $26.1M | $26.8M |
| Net income | $335.7M | $366.7M | $301.3M | $756.6M | $166.7M | $800.0K | $124.7M | $467.3M | $48.3M | -$3.3M |
| EPS, basic | 5.98 | 6.12 | 5.21 | 12.42 | 2.42 | 0.01 | 1.72 | 6.87 | 0.51 | -0.41 |
| EPS, diluted | 5.51 | 5.64 | 4.82 | 12.09 | 2.38 | 0.01 | 1.66 | 6.16 | 0.50 | -0.41 |
| Shares, diluted (wtd. avg.) | $62.9M | $66.9M | $67.0M | $62.7M | $65.3M | $68.9M | $75.1M | $75.9M | $69.9M | $68.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $176.7M | $787.4M | $117.2M | $590.1M | $671.6M | $1.14B | $1.05B | $994.5M | $1.53B | $1.15B |
| Receivables | $735.4M | $582.9M | $512.4M | $544.2M | $452.4M | $441.6M | $445.1M | $462.3M | $480.6M | $385.0M |
| Inventory | $875.0M | $754.2M | $789.9M | $549.1M | $476.6M | $599.4M | $579.8M | $484.2M | $573.5M | $503.1M |
| Total current assets | $2.02B | $2.23B | $1.48B | $2.22B | $2.09B | $2.29B | $2.13B | $2.20B | $2.62B | $2.08B |
| Property, plant and equipment | $2.70B | $2.31B | $2.02B | $1.75B | $1.83B | $1.78B | $1.74B | $1.71B | $1.69B | $1.35B |
| Goodwill | $4.84B | $4.70B | $4.57B | $4.35B | $4.50B | $4.44B | $4.40B | $4.50B | $4.03B | $3.08B |
| Other intangibles | $3.01B | $3.15B | $3.21B | $2.71B | $2.92B | $3.20B | $3.34B | $3.54B | $3.35B | $2.83B |
| Total assets | $13.53B | $12.85B | $11.65B | $11.31B | $12.41B | $12.15B | $11.95B | $13.06B | $11.88B | $9.36B |
| Accounts payable | $624.0M | $483.8M | $368.8M | $452.7M | $384.2M | $367.9M | $395.6M | $365.1M | $336.0M | $264.4M |
| Short-term debt | $1.2M | $1.2M | $1.1M | $1.1M | $1.1M | $64.9M | $13.5M | $22.1M | $22.1M | $12.3M |
| Total current liabilities | $1.21B | $944.9M | $805.3M | $823.8M | $1.05B | $974.4M | $802.9M | $792.1M | $704.4M | $634.0M |
| Long-term debt | $7.42B | $6.81B | $6.04B | $5.96B | $6.44B | $6.96B | $7.07B | $7.23B | $7.15B | $4.55B |
| Total liabilities | $9.76B | $8.75B | $7.80B | $7.74B | $9.36B | $9.32B | $9.01B | $10.00B | $9.09B | $6.35B |
| Retained earnings | $2.12B | $1.78B | $1.42B | $1.11B | $347.3M | $208.6M | $207.8M | $88.0M | -$376.0M | -$424.3M |
| Total equity | $3.75B | $4.09B | $3.84B | $3.25B | $2.74B | $2.85B | $2.93B | $3.06B | $2.79B | $3.01B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $998.3M | $931.7M | $750.3M | $382.6M | $588.2M | $625.6M | $688.0M | $718.6M | $386.7M | $502.4M |
| Depreciation and amortisation | $524.3M | $476.9M | $407.1M | $380.2M | $366.5M | $345.0M | $379.6M | $398.4M | $323.1M | $302.8M |
| Stock-based compensation | $81.6M | $84.4M | $77.2M | $65.8M | $48.7M | $43.3M | $38.9M | $30.9M | $23.6M | $17.2M |
| Capital expenditure | $510.2M | $429.5M | $303.0M | $255.3M | $190.9M | $232.5M | $273.9M | $225.0M | $190.4M | $121.5M |
| Investing cash flow | -$1.42B | -$677.5M | -$669.3M | -$221.0M | -$793.6M | -$218.5M | $26.7M | -$1.68B | -$2.10B | -$196.1M |
| Financing cash flow | -$188.6M | $415.6M | -$555.7M | -$386.7M | -$167.5M | -$272.0M | -$652.4M | $423.4M | $2.05B | -$4.5M |
| Dividends paid | — | — | — | — | — | — | — | — | — | $14.4M |
| Buybacks | — | — | — | $443.0M | $397.1M | $589.1M | $322.1M | $218.7M | $317.8M | $0 |
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 0001530950-25-000260.
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| FRPT | Freshpet, Inc. | $3.38B | 26.6x | 13.0% |
| AFRI | Forafric Global PLC | — | — | -35.6% |