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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 |
| Operating 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 |
| Selling General And Administration | - | 3,575 | 3,692 | 3,616 | 3,672 |
| Total Expenses | - | 21,938 | 21,406 | 20,494 | 20,305 |
| Operating Income | - | 4,547 | 5,234 | 5,352 | 4,637 |
| Total Operating Income As Reported | - | 3,634 | 4,572 | 1,683 | -4,669 |
| EBITDA | - | 4,820 | 5,506 | 2,716 | -3,530 |
| Normalized EBITDA | - | 5,652 | 6,178 | 6,490 | 5,840 |
| EBIT | - | 3,887 | 4,545 | 1,768 | -4,498 |
| Interest Income | - | 27 | 40 | 69 | 122 |
| Interest Expense | - | 921 | 912 | 912 | 947 |
| Net Interest Income | - | -894 | -872 | -843 | -825 |
| Other Non Operating Income Expenses | - | 145 | -57 | 121 | 113 |
| Other Income Expense | - | -687 | -729 | -3,653 | -9,257 |
| Interest Income Non Operating | - | 27 | 40 | 69 | 122 |
| Interest Expense Non Operating | - | 921 | 912 | 912 | 947 |
| Net Non Operating Interest Income Expense | - | -894 | -872 | -843 | -825 |
| Pretax Income | - | 2,966 | 3,633 | 856 | -5,445 |
| Tax Provision | - | 598 | 787 | -1,890 | 403 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -168.06 | -145.82 | -792.54 | -1,967.70 |
| Net Income Continuous Operations | - | 2,368 | 2,846 | 2,746 | -5,848 |
| Net Income From Continuing And Discontinued Operation | - | 2,363 | 2,855 | 2,744 | -5,846 |
| Net Income From Continuing Operation Net Minority Interest | - | 2,363 | 2,855 | 2,744 | -5,846 |
| Net Income | - | 2,363 | 2,855 | 2,744 | -5,846 |
| Net Income Common Stockholders | - | 2,363 | 2,855 | 2,744 | -5,846 |
| Net Income Including Noncontrolling Interests | - | 2,368 | 2,846 | 2,746 | -5,848 |
| Normalized Income | - | 3,026.94 | 3,381.18 | 5,725.46 | 1,556.30 |
| Diluted NI Availto Com Stockholders | - | 2,363 | 2,855 | 2,744 | -5,846 |
| Basic Average Shares | - | 1,226 | 1,227 | 1,210 | 1,187 |
| Diluted Average Shares | - | 1,235 | 1,235 | 1,215 | 1,187 |
| Reconciled Depreciation | - | 933 | 961 | 948 | 968 |
| Reconciled Cost Of Revenue | - | 18,363 | 17,714 | 16,878 | 16,633 |
| Total Unusual Items | - | -832 | -672 | -3,774 | -9,370 |
| Total Unusual Items Excluding Goodwill | - | -832 | -672 | -3,774 | -9,370 |
| Minority Interests | - | -5 | 9 | -2 | 2 |
| Special Income Charges | - | -888 | -658 | -3,750 | -9,348 |
| Gain On Sale Of Business | - | 25 | 4 | -81 | -42 |
| Impairment Of Capital Assets | - | 913 | 662 | 3,669 | 9,306 |
| Gain On Sale Of Security | - | 56 | -14 | -24 | -22 |
| General And Administrative Expense | 3,374 | 3,440 | 3,759 | 3,486 | - |
| Other Gand A | 3,588 | 3,575 | 3,692 | 3,616 | - |
| Salaries And Wages | -214 | -135 | 67 | -130 | - |
| Selling And Marketing Expense | 3,588 | 3,575 | 3,692 | - | - |
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 | $26.6B | -4.56 | 0.64 | -14.0% | -12.82 |
| Kenvue Inc. | KVUE | $32.4B | 22.05 | 3.01 | 13.7% | 13.40 |
| Kimberly-Clark Corporation | KMB | $31.4B | 15.52 | 20.88 | 134.6% | 12.17 |
| The Estée Lauder Companies Inc. | EL | $30.0B | - | 7.76 | -29.3% | 250.27 |
| Bunge Global SA | BG | $25.1B |
| - |
| - |
| - |
| - |
| - |
| - |
| 30.77 |
| 1.58 |
| 5.1% |
| 16.16 |
| Constellation Brands, Inc. | STZ | $23.7B | 14.07 | 2.94 | 20.9% | 11.03 |
| Dollar General Corporation | DG | $22.8B | 15.10 | 2.68 | 17.8% | 11.54 |
| Church & Dwight Co., Inc. | CHD | $22.3B | 30.27 | 5.57 | 18.4% | 18.54 |
| Dollar Tree, Inc. | DLTR | $21.0B | 16.37 | 5.59 | 34.2% | 11.57 |
| Peer Median | - | 16.37 | 4.29 | 18.1% | 12.79 | |