FirmAtlas
Company handbook · MDLZ · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
MDLZ · CIK 1103982 · LATEST FILING: 10-Q JUN '26 · FILED JUL 28, 2026
Mondelēz International, Inc.
$63.91
+0.88 (+1.40%)
Close, Oct 16, 2026 · 52-week $51–67
Last fiscal year
Mondelēz International, Inc. reported revenue of $38.5B for the year ended Dec 31, 2025 (FY25), up 5.8% from FY24. Net income was $2.5B, operating cash flow $4.5B and free cash flow $3.2B. Source: 10-K filed Feb 4, 2026.
Market cap
$83.0B
P/E
31.8
EV/EBITDA
20.0x
P/B
3.2
Div yield
3.16%
ROIC
6.4%
Revenue 1Y
5.8%/yr
EPS 1Y
−44.7%/yr
Shares 1Y
−4%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEODirk Van de Put
HQChicago, IL
AuditorPricewaterhouseCoopers LLP
Employees91,000
Year endsDecember
Revenue by segment · FY25
Europe39%
North America28%
Asia Middle East Africa21%
Latin America13%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
4.3%
1.2%
0.7%
3.8%
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
$12.5B deployed
Capex
$2.7B
21.4%
Acquisitions
$255M
2.0%
Dividends
$4.8B
38.8%
Buybacks
$4.7B
37.8%
Operating cash flow over the period: $9.4B. Total debt changed by +$1.6B. R&D of $800M 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 · 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 Mar '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
36,441
38,537+5.8%
39,304
YoY
+5.8%
Gross profit
14,257
10,935−23.3%
11,308
Gross margin
39.1%
28.4%−10.7 pp
—
Operating income
6,345
3,548−44.1%
3,676
Operating margin
17.4%
9.2%−8.2 pp
—
EBITDA
7,647
4,906−35.8%
—
EBITDA margin
21.0%
12.7%−8.3 pp
—
Interest expense
508
599+17.9%
—
Interest coverage
15.05x
8.19x−6.86x
—
Net income
4,611
2,451−46.8%
2,609
YoY
−46.8%
Net margin
12.7%
6.4%−6.3 pp
—
EPS (diluted, $)
3.42
1.89−44.7%
2.01
YoY
−44.7%
Balance sheet
Total assets
68,497
71,487+4.4%
71,122
Cash & short-term investments
1,400
2,195+56.8%
—
Accounts receivable
3,874
3,903+0.7%
—
Inventory
3,827
4,419+15.5%
—
Net PP&E
9,481
10,667+12.5%
—
Other assets
49,915
50,303+0.8%
—
Total liabilities
41,565
45,649+9.8%
45,372
Accounts payable
9,433
10,139+7.5%
—
Total debt
15,664
17,222+9.9%
15,468
Other liabilities
16,468
18,288+11.1%
—
Shareholders’ equity
26,932
25,838−4.1%
25,750
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
4,910
4,514−8.1%
3,889
Net income
4,623
2,466−46.7%
—
Depreciation & amortization
1,302
1,358+4.3%
—
Stock-based compensation
147
114−22.4%
—
Working capital & other
(1,162)
576n/m
—
Cash from investing
526
(1,196)−327.4%
—
Capex
(1,387)
(1,279)n/m
—
PP&E sold
16
9−43.8%
—
Acquisitions
(240)
(15)n/m
—
Investments bought
(278)
—
—
Other investing
2,415
89−96.3%
—
Cash from financing
(5,780)
(2,759)n/m
—
Debt raised
1,671
1,594−4.6%
—
Debt repaid
(2,554)
(2,077)n/m
—
Dividends
(2,349)
(2,487)n/m
—
Buybacks
(2,334)
(2,385)n/m
—
Shares issued
175
94−46.3%
—
Other financing
(389)
2,502n/m
—
Net change in cash
(484)
795n/m
—
Free cash flow (OCF − capex)
3,523
3,235−8.2%
2,575
Where the cash went
Operating cash flow
4,910
4,514−8.1%
3,889
Reinvested in the business
1,627
1,294−20.5%
—
% of operating cash flow
33.1%
28.7%
Capex
1,387
1,279−7.8%
1,314
Acquisitions
240
15−93.8%
—
R&D (memo, already in costs)
400
400+0.0%
—
Free cash flow
3,523
3,235−8.2%
2,575
YoY
−8.2%
Returned to shareholders
4,683
4,872+4.0%
—
% of free cash flow
132.9%
150.6%
Dividends
2,349
2,487+5.9%
—
Buybacks
2,334
2,385+2.2%
—
Change in total debt
—
1,558
—
Cash left over
—
(94)
—
FCF conversion (FCF ÷ net income)
76.4%
132.0%+55.6 pp
—
Owner earnings
—
2,615
—
Owner earnings margin
—
6.8%
—
Buyback yield
2.9%
3.4%+0.5 pp
—
Returns & ratios
ROIC (all capital)
11.8%
6.4%−5.4 pp
—
ROIC (operating)
62.7%
31.7%−31.0 pp
—
Net debt / EBITDA
1.87x
3.06x+1.20x
—
Debt / equity
0.58x
0.67x+0.08x
—
Cash conversion cycle (days)
−53
−39+15 d
—
ROE
17.1%
9.5%−7.6 pp
—
ROA
6.7%
3.4%−3.3 pp
—
ROCE
13.0%
7.1%−5.8 pp
—
NOPAT
4,856
2,627−45.9%
—
Invested capital (operating)
7,749
8,850+14.2%
—
Invested capital (all)
41,196
40,865−0.8%
—
Reinvestment rate
—
41.9%
—
Debtor days
39
37−2 d
—
Inventory days
63
58−5 d
—
Days payable
155
134−21 d
—
Net debt is 3.1x EBITDA (FY25).
Income
Jun '25
Sep '25
Dec '25
Mar '26
Revenue
8,984
9,744
10,496
10,080
vs year-ago quarter
Gross profit
2,937
2,612
2,956
2,803
Gross margin
32.7%
26.8%
28.2%
27.8%
Operating income
1,172
744
952
808
Net income
641
743
665
560
vs year-ago quarter
Net margin
7.1%
7.6%
6.3%
5.6%
EPS (diluted, $)
0.49
0.57
0.51
0.44
vs year-ago quarter
Balance sheet
Jun '25
Sep '25
Dec '25
Mar '26
Total assets
71,020
71,358
71,487
71,122
Cash & equivalents
1,587
1,466
2,195
1,631
Total debt
18,116
17,134
17,222
15,468
Shareholders’ equity
26,193
26,177
25,838
25,750
Cash flow
Jun '25
Sep '25
Dec '25
Mar '26
Operating cash flow
308
717
2,397
467
Capex
305
299
398
312
Free cash flow
3
418
1,999
155
vs year-ago quarter