Overview
Kraft Heinz Co
Latest 10-K: FY2025, filed Feb 12, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $24.94B
- 3.5%YoYdown from FY2024
- TotalRevenue
- Gross profit
- $8.31B
- 7.3%YoYdown from FY2024
- GrossProfit
- Operating income
- -$4.67B
- 377.4%YoYdown from FY2024
- OperatingIncome
- Net income
- -$5.85B
- 313.0%YoYdown from FY2024
- NetIncome
- Diluted EPS
- -$4.93
- 318.1%YoYdown from FY2024
- EPSDiluted
- Diluted shares
- 1.19B
- 2.3%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- Kraft Heinz Co reported revenue of $24.94B for fiscal 2025, down 3.5% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 0 of the last 5 fiscal years.
Profitability
- Operating margin was -18.7% and net margin was -23.4%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was -$4.93, down 318.1% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $24.94B3.5%down Benchmark median 6.4% | $25.85B3.0%down Benchmark median 4.5% | $26.64B0.6%up Benchmark median 4.8% | $26.48B1.7%up Benchmark median 10.3% | $26.04B0.5%down Benchmark median 13.8% | -1.1% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $8.31B7.3%down Benchmark median 6.8% | $8.97B0.5%up Benchmark median 5.5% | $8.93B9.9%up Benchmark median 5.2% | $8.12B6.5%down Benchmark median 8.3% | $8.68B5.4%down Benchmark median 15.7% | -1.1% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | negative: -$4.67B377.4%down Benchmark median 7.3% | $1.68B63.2%down Benchmark median 7.4% | $4.57B25.8%up Benchmark median 4.9% | $3.63B5.0%up Benchmark median 7.5% | $3.46B62.6%up Benchmark median 23.5% | n/m Benchmark median 7.2% |
| Net Income | negative: -$5.85B313.0%down Benchmark median 4.8% | $2.74B3.9%down Benchmark median 5.7% | $2.85B20.8%up Benchmark median 1.9% | $2.36B133.5%up Benchmark median 1.3% | $1.01B184.3%up Benchmark median 33.9% | n/m Benchmark median 4.1% |
| EPS (Diluted) | negative: -$4.93318.1%down Benchmark median 6.2% | $2.262.2%down Benchmark median 7.9% | $2.3120.9%up Benchmark median 1.9% | $1.91132.9%up Benchmark median 1.5% | $0.82182.8%up Benchmark median 34.8% | n/m Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $81.79B7.4%down Benchmark median 5.6% | $88.29B2.3%down Benchmark median 3.4% | $90.34B0.2%down Benchmark median 4.1% | $90.51B3.1%down Benchmark median 2.2% | $93.39B6.4%down Benchmark median 6.7% | -3.3% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $40.00B2.7%up Benchmark median 6.4% | $38.96B4.1%down Benchmark median 1.9% | $40.62B2.5%down Benchmark median 2.9% | $41.64B5.2%down Benchmark median 2.0% | $43.94B11.4%down Benchmark median 5.2% | -2.3% Benchmark median 4.4% |
| Stockholders' Equity | $41.78B15.3%down Benchmark median 6.8% | $49.32B0.7%down Benchmark median 5.4% | $49.69B1.8%up Benchmark median 7.3% | $48.83B1.2%down Benchmark median 2.5% | $49.45B1.6%down Benchmark median 9.0% | -4.1% Benchmark median 6.1% |
| Cash & Equivalents | $2.62B96.0%up Benchmark median 5.2% | $1.33B4.7%down Benchmark median 1.9% | $1.40B34.6%up Benchmark median 6.7% | $1.04B69.8%down Benchmark median -8.6% | $3.44B0.8%up Benchmark median -2.9% | -6.7% Benchmark median 2.0% |
| Total Debt | $21.22B6.8%up Benchmark median 2.1% | $19.87B0.8%down Benchmark median 0.2% | $20.03B0.2%down Benchmark median 0.3% | $20.06B8.0%down Benchmark median 0.1% | $21.80B23.0%down Benchmark median -0.1% | -0.7% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.46B6.6%up Benchmark median 6.3% | $4.18B5.2%up Benchmark median 4.8% | $3.98B61.0%up Benchmark median 9.9% | $2.47B54.0%down Benchmark median -0.7% | $5.36B8.8%up Benchmark median 10.7% | -4.5% Benchmark median 7.0% |
| Capital Expenditures | $0.80B21.8%down Benchmark median 5.4% | $1.02B1.1%up Benchmark median 2.8% | $1.01B10.6%up Benchmark median 11.3% | $0.92B1.2%up Benchmark median 14.0% | $0.91B51.8%up Benchmark median 8.1% | -3.0% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $3.66B15.9%up Benchmark median 7.3% | $3.16B6.6%up Benchmark median 6.1% | $2.96B90.8%up Benchmark median 8.8% | $1.55B65.2%down Benchmark median -11.3% | $4.46B2.9%up Benchmark median 10.2% | -4.8% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
n/m
Wall Street
on net earnings
FY2024 7.4%
12.8%
Value investor
on free cash flow
FY2024 8.5%
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E n/mValue investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
145.9%
Wall Street
on book equity
FY2024 132.3%
n/m
Value investor
on tangible book
FY2024 n/m
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 0.7×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
negative: −12.8%
Wall Street
ROE: net income ÷ equity
FY2024 5.5%
negative: −5.1%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 2.1%
Gap +7.7 pts: Value-investor figure 7.7 points higher
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
negative: −14.8%
Wall Street
EBITDA margin
FY2024 10.2%
14.7%
Value investor
Free-cash-flow margin
FY2024 12.2%
Gap +29.5 pts: Value-investor figure 29.5 points higher
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.15×
Wall Street
Current ratio
FY2024 1.06×
0.79×
Value investor
Quick ratio, inventory excluded
FY2024 0.59×
Gap −0.36×: Value-investor figure 0.36 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
negative: −0.17×
Wall Street
EBITDA ÷ total debt
FY2024 0.13×
0.17×
Value investor
FCF ÷ total debt
FY2024 0.16×
Gap +0.34×: Value-investor figure 0.34 higher
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
negative: −3.9×
Wall Street
EBITDA ÷ interest
FY2024 2.9×
negative: −4.9×
Value investor
EBIT ÷ interest
FY2024 1.8×
Gap −1.0×: Value-investor figure 1.0 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on KHC yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on KHC and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/KHC
Valuein. (2026, October 31). Kraft Heinz Co (KHC) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/KHC
@misc{valuein_khc_2026,
author = {{Valuein}},
title = {Kraft Heinz Co (KHC) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/KHC}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 12, 2026 · accession 0001637459-26-000009
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point-in-time · survivorship-free · every number traceable to its SEC filing
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