The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments, sauces, dressings, and spreads; cheese, frozen potato products, and other frozen meals; meal kits, frozen snacks, and pickles; dry packaged desserts, refrigerated ready to eat desserts, and other dessert toppings; ready to drink and powdered beverages, and liquid concentrates; American sliced and recipe cheeses; mainstream coffee, coffee pods, and premium coffee; and cold cuts, bacon, and hot dogs. It offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Capri Sun, Maxwell House, Kool-Aid, Jell-O, ABC, Master, Quero, Golden Circle, Wattie's, Pudliszki, and Plasmon brands, as well as Bagel Bites, Claussen, A1, and Cool Whip. It sells its products through its own sales organizations, as well as through independent brokers, agents, and distributors to chain, wholesale, cooperative, and independent grocery accounts; convenience, value, and club stores; pharmacies and drug stores; mass merchants; foodservice distributors; institutions, including hotels, restaurants, bakeries, hospitals, health care facilities, and government agencies; and various e-commerce platforms and retailers. The company has a strategic partnership with the National Football League. The company was formerly known as H.J. Heinz Holding Corporation and changed its name to The Kraft Heinz Company in July 2015. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $24.9B | $-3.5B | $-5.8B | $3.7B | -14.0% | -3.5% | -313.0% |
| 2024 | $25.8B | $2.7B | $2.7B | $3.0B | 5.6% | -3.0% | -3.9% |
| 2023 | $26.6B | $5.5B | $2.9B | $3.0B | 5.8% | 0.6% | 20.8% |
| 2022 | $26.5B | $4.8B | $2.4B | $1.6B | 4.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 26,485 | 26,640 | 25,846 | 24,942 |
| Cost Of Revenue | - | 18,363 | 17,714 | 16,878 | 16,633 |
| Gross Profit | - | 8,122 | 8,926 | 8,968 | 8,309 |
| Operating Expense | - | 3,575 | 3,692 | 3,616 | 3,672 |
| Operating Income | - | 4,547 | 5,234 | 5,352 | 4,637 |
| EBITDA | - | 4,820 | 5,506 | 2,716 | -3,530 |
| EBIT | - | 3,887 | 4,545 | 1,768 | -4,498 |
| Pretax Income | - | 2,966 | 3,633 | 856 | -5,445 |
| Tax Provision | - | 598 | 787 | -1,890 | 403 |
| Net Income | - | 2,363 | 2,855 | 2,744 | -5,846 |
| Net Income Common Stockholders | - | 2,363 | 2,855 | 2,744 | -5,846 |
| Total Expenses | - | 21,938 | 21,406 | 20,494 | 20,305 |
| Interest Expense | - | 921 | 912 | 912 | 947 |
| Interest Income | - | 27 | 40 | 69 | 122 |
| Selling General And Administration | - | 3,575 | 3,692 | 3,616 | 3,672 |
| Normalized EBITDA | - | 5,652 | 6,178 | 6,490 | 5,840 |
| Normalized Income | - | 3,026.94 | 3,381.18 | 5,725.46 | 1,556.30 |
| Market Cap | 25,971.36 | 25,971.36 | 25,971.36 | 25,971.36 | 25,971.36 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Kraft Heinz Companythis co. | KHC | - | -4.44 | 0.62 | -14.0% | -12.63 |
| Church & Dwight Co., Inc. | CHD | $23.0B | 30.55 | 5.62 | 18.4% | 18.70 |
| Tyson Foods, Inc. | TSN | $22.1B | 47.56 | 1.25 | 2.6% | 11.69 |
| Dollar Tree, Inc. | DLTR | $21.4B | 15.96 | 5.45 | 34.2% | 11.34 |
| Bunge Global SA | BG | $20.6B | 29.67 |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.52 |
| 5.1% |
| 15.79 |
| General Mills, Inc. | GIS | $19.5B | 8.13 | 2.03 | 24.9% | 8.56 |
| McCormick & Company, Incorporated | MKC | $13.8B | 17.55 | 2.41 | 13.8% | 13.37 |
| Brown-Forman Corporation | BF-B | $13.4B | 14.94 | 3.25 | 21.8% | 11.84 |
| Hormel Foods Corporation | HRL | $11.8B | 24.80 | 1.50 | 6.1% | 13.97 |
| Peer Median | - | 21.17 | 2.22 | 16.1% | 12.61 | |