FirmAtlas
Company handbook · KHC · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
KHC · CIK 1637459 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026
Kraft Heinz Co
$23.68
+0.40 (+1.72%)
Close, Oct 16, 2026 · 52-week $21–28
Last fiscal year
Kraft Heinz Co reported revenue of $24.9B for the year ended Dec 27, 2025 (FY25), down 3.5% from FY24. Net loss was $5.8B, operating cash flow $4.5B and free cash flow $3.7B. Source: 10-K filed Feb 12, 2026.
Market cap
$28.0B
P/B
0.8
Div yield
6.76%
ROIC
−7.5%
Revenue 1Y
−3.5%/yr
EPS 1Y
n/m
Shares 1Y
−0.9%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOSteve Cahillane
HQPittsburgh, PA
AuditorPricewaterhouseCoopers LLP
Employees35,000
Year endsDecember
Revenue by segment · FY25
North America75%
International14%
Emerging Markets11%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−12.4%
−8.5%
−9.2%
−5.8%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$7.1B deployed
Capex
$1.8B
25.8%
Dividends
$3.8B
54.1%
Buybacks
$1.4B
20.1%
Operating cash flow over the period: $8.6B. Total debt changed by +$96M. R&D of $317M is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Dec 27, 2025 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
25,846
24,942−3.5%
24,900
YoY
−3.5%
Gross profit
8,968
8,309−7.3%
8,309
Gross margin
34.7%
33.3%−1.4 pp
—
Operating income
1,683
(4,669)−377.4%
(3,177)
Operating margin
6.5%
−18.7%−25.2 pp
—
EBITDA
2,631
(3,701)−240.7%
—
EBITDA margin
10.2%
−14.8%−25.0 pp
—
Interest expense
912
947+3.8%
—
Interest coverage
2.88x
−3.91x−6.79x
—
Net income
2,744
(5,846)−313.0%
(3,396)
YoY
−313.0%
Net margin
10.6%
−23.4%−34.1 pp
—
EPS (diluted, $)
2.26
−4.93−318.1%
−2.86
YoY
−318.1%
Balance sheet
Total assets
88,287
81,786−7.4%
73,065
Cash & short-term investments
1,486
2,944+98.1%
—
Accounts receivable
2,147
2,254+5.0%
—
Inventory
3,376
3,167−6.2%
—
Net PP&E
7,152
7,318+2.3%
—
Other assets
74,126
66,103−10.8%
—
Total liabilities
39,102
40,122+2.6%
37,059
Total debt
19,215
19,311+0.5%
17,619
Other liabilities
19,887
20,811+4.6%
—
Shareholders’ equity
49,185
41,664−15.3%
36,006
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
4,184
4,462+6.6%
4,621
Net income
2,746
(5,848)−313.0%
—
Depreciation & amortization
948
968+2.1%
—
Stock-based compensation
109
95−12.8%
—
Working capital & other
381
9,247+2327.0%
—
Cash from investing
(1,023)
(1,833)n/m
—
Capex
(1,024)
(801)n/m
—
Acquisitions
0
—
—
Investments bought
0
(2,500)n/m
—
Investments sold / matured
0
1,300n/m
—
Other investing
1
168+16700.0%
—
Cash from financing
(3,008)
(1,251)n/m
—
Debt repaid
(618)
(678)n/m
—
Dividends
(1,931)
(1,898)n/m
—
Buybacks
(988)
(436)n/m
—
Shares issued
8
—
—
Other financing
521
1,761+238.0%
—
Net change in cash
82
1,458+1678.0%
—
Free cash flow (OCF − capex)
3,160
3,661+15.9%
3,816
Where the cash went
Operating cash flow
4,184
4,462+6.6%
4,621
Reinvested in the business
1,024
801−21.8%
—
% of operating cash flow
24.5%
18.0%
Capex
1,024
801−21.8%
805
Acquisitions
0
—
—
R&D (memo, already in costs)
150
167+11.3%
—
Free cash flow
3,160
3,661+15.9%
3,816
YoY
+15.9%
Returned to shareholders
2,919
2,334−20.0%
—
% of free cash flow
92.4%
63.8%
Dividends
1,931
1,898−1.7%
—
Buybacks
988
436−55.9%
—
Change in total debt
—
96
—
Cash left over
—
1,423
—
FCF conversion (FCF ÷ net income)
115.2%
—
—
Owner earnings
—
(5,577)
—
Owner earnings margin
—
−22.4%
—
Buyback yield
2.7%
1.5%−1.2 pp
—
Returns & ratios
ROIC (all capital)
2.5%
−7.5%−10.0 pp
—
ROIC (operating)
13.3%
−36.7%−50.0 pp
—
Net debt / EBITDA
6.74x
—
—
Debt / equity
0.39x
0.46x+0.07x
—
ROE
5.6%
−14.0%−19.6 pp
—
ROA
3.1%
−7.1%−10.3 pp
—
ROCE
2.1%
−6.4%−8.5 pp
—
NOPAT
1,683
(4,669)−377.4%
—
Invested capital (operating)
12,675
12,739+0.5%
—
Invested capital (all)
66,914
58,031−13.3%
—
Reinvestment rate
—
−1.4%
—
Debtor days
30
33+3 d
—
Inventory days
73
69−4 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
6,237
6,354
6,047
6,262
vs year-ago quarter
Gross profit
1,990
2,072
2,219
2,028
Gross margin
31.9%
32.6%
36.7%
32.4%
Operating income
1,025
1,084
1,145
(6,431)
Net income
615
651
798
(5,460)
vs year-ago quarter
Net margin
9.9%
10.2%
13.2%
−87.2%
EPS (diluted, $)
0.52
0.55
0.67
−4.60
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
81,695
81,786
82,046
73,065
Cash & equivalents
2,251
2,944
3,616
2,689
Total debt
19,287
19,311
19,223
17,619
Shareholders’ equity
41,450
41,664
41,923
36,006
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,157
1,376
1,006
1,082
Capex
171
205
240
189
Free cash flow
986
1,171
766
893
vs year-ago quarter