The Kraft Heinz Company

Canned, Frozen & Preservd Fruit, Veg & Food Specialties

KHCStrained7 of 11 basics passed

$22.26

-0.98%

Market cap $26.4B

$22.26

-0.98%

Market cap $26.4B

In July 2015, Kraft merged with Heinz to create one of North America's largest food and beverage manufacturers. Beyond its namesake brands, its portfolio includes Oscar Mayer, Velveeta, and Philadelphia (cream cheese spread).

It is a $26.4B consumer staples company. Revenue shrank 1.6% over the last year, it currently loses money, and its net debt equals ~4.9 years of free cash flow.

Website: kraftheinzcompany.com
Location: Pittsburgh, PA
Employees: 35 000
Sector: Consumer Defensive

Share price · 3 years

$32.47 → $22.26-31.4%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $24.9B
Loss: spends more than it earns; -$3.40B
Free cash flow: cash left after running the business; $3.82B
Net debt: debt minus cash on hand; $18.6B
P/E: years of profit in the price; 18.3
Dividend: pays out 69% of profit · 50% of FCF; 7.18%
Shares: down 14% since 2017 — buybacks; 1.19B
Volatility: beta vs the market — under 1 swings less; 0.13

Revenue, last 10 years

52-week range

Low $21.21$22.26High $27.62

Today's price is 16% of the way from the year's low to its high.

Valuation vs own history

P/E

11.6×

100%

P/S

1.1×

98%

EV/EBITDA

9.6×

98%

P/B

0.7×

79%

FCF yield

14.5%

97%

Share of the last ~5 years that was pricier than today (unusually cheap vs its own history). Based on the daily valuation record.

Standing in Consumer Defensive

Size$26.4Btop 50%
Revenue growth-2%top 85%
Net margin-14%top 95%
Return on equity-8%top 93%
P/E18.3×top 33%
Dividend yield7.18%top 8%

Ranked against 41 Consumer Defensive companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation; Growth, Profitability, Health, Quality and Moat lag behind.

Valuation87

P/E vs own history0th pct · 25/25
FCF yield14.5% · 25/25
P/S1.1x · 25/25
EV/EBITDA17.0x · 12/25

Growth25

Revenue CAGR-1.1% · 0/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth44.1% · 25/25

Profitability0

ROIC-8.5% · 0/25
ROE-8.4% · 0/25
Net margin-13.6% · 0/25
Operating margin-12.9% · 0/25

Health24

Altman Zn/a · 0/25
Current ratio1.06 · 12/25
Interest coverage-5.4x · 0/25
Net cash / debtD/A 23% · 12/25

Quality46

Piotroski F5/9 · 15/25
Beneish M-2.82 · 25/25
FCF conversionn/a · 0/25
Margin stabilityσ 18.6% · 6/25

Moat31

ROIC >12% years0/10 yrs · 0/25
Median gross margin33.7% · 13/25
FCF-positive years9/10 yrs · 18/25
Worst-year net marginworst -38.8% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

Sep 2, 2025Milestone
Kraft Heinz announced a plan to separate into two independent, publicly traded companies…
FY2018Financial
Positive free cash flow every year since
8-year streak
2018Acquisition
Kraft Heinz subsequently acquired Cerebos Pacific in March 2018 and Primal Kitchen in January 2019
FY2017Financial
Best year on record
$11.0B net income
2017Acquisition
Kraft Heinz made a $143 billion takeover approach for the British-Dutch consumer-goods company…
FY2016Financial
First recorded profitable year
$3.63B net income
FY2016Financial
Revenue already above $10B
$26.5B in first reported year
Jul 2, 2015Acquisition
The Kraft Heinz Company, commonly known as Kraft Heinz, is an American multinational food company formed on July 2,…

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$6 147 today — price return only

$24.9B revenue in FY2025

Positive free cash flow 8 years in a row

35 000 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Strong cash conversion — FCF is 15.3% of revenue

Watch-outs

Revenue shrinking 1.6% year over year
Not profitable — 13.6% net margin
Thin interest coverage (-5.4×)
Loss-making in 2 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

7 of 11 checks passed

Revenue growing — the company sells more than a year ago-1.6% YoY
Profitable — makes more than it spends-$3.40B TTM
Profit growing — earnings are higher than last year-313.0% YoY
Generates cash — cash left after running and investing$3.82B TTM
Debt under control — could handle its obligations~4.9y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$26.4B market cap
Not printing shares — share count not ballooning — you keep your slice-3.4% shares over ~5y
Proven track record — years of profitability behind it8/10 profitable years
Financially stable — balance sheet not near distresshealth score 12/100
Pays a dividend — returns cash to shareholdersyield 7.18%
Valuation not extreme — price not wildly above earningsP/E 18.3

Peer comparisonThe Kraft Heinz Company vs 6 largest consumer defensive peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
KHC this company	$26.4B	18.3	-1.6%	-13.6%	Strained
WMT Walmart Inc.	$882.9B	40.8	+6.2%	3.0%	Strained
COST Costco Wholesale Corp	$419.2B	45.5	+10.1%	3.0%	Mixed
KO Coca-Cola Company	$379.3B	26.5	+6.5%	28.6%	Mixed
PG Procter & Gamble Company	$351.2B	21.9	+3.3%	18.4%	Solid
PM Philip Morris International Inc.	$313.6B	28.8	+8.9%	25.6%	Strained
PEP PepsiCo, Inc.	$171.8B	16.5	+6.4%	11.1%	Strained

Head-to-head: KHC vs WMT · KHC vs COST · KHC vs KO

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 2Hold 17Sell 7Strong sell 2

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $24.9B · net income -$3.40B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$24.9B

YoY -1.6%

Net income (TTM)

-$3.40B

Margin -13.6%

Gross margin

33.5%

Operating margin

-12.9%

P/E ratio

18.3

Dividend yield

7.18%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	26.2	26.0	26.5	26.6	25.8	24.9
Gross profit	9.2	8.7	8.1	8.9	9.0	8.3
Operating income (EBIT)	2.1	3.5	3.6	4.6	5.5	4.8
Net income	0.4	1.0	2.4	2.9	2.7	-5.8
EPS (diluted)	0.29	0.82	1.91	2.31	2.26	-4.93

Cash flowFree cash flow $3.82B · operating cash flow $4.62B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$3.82B

Margin 15.3%

Operating cash flow (TTM)

$4.62B

FCF margin

15.3%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	4.9	5.4	2.5	4.0	4.2	4.5
Capital expenditure	-0.6	-0.9	-0.9	-1.0	-1.0	-0.8
Free cash flow	4.3	4.5	1.6	3.0	3.2	3.7
FCF margin	16.5%	17.1%	5.9%	11.1%	12.2%	14.7%

Balance sheetAssets $81.8B · net debt $18.6B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $81.8B of assets is financed

49%

51%

Liabilities $40.0B — borrowed moneyEquity $41.7B — owners' stake

Cash vs debt

Total debt $21.2B − cash $2.62B = net debt $18.6B

Cash on hand covers 12% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

-5.4x

EBIT ÷ interest expense

ROE

-8.4%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	3.4	3.4	1.0	1.4	1.3	2.6
Total assets	99.8	93.4	90.5	90.3	88.3	81.8
Total liabilities	49.6	43.9	41.6	40.6	39.0	40.0
Total debt	28.1	21.1	19.2	19.4	19.9	21.2
Equity	50.1	49.3	48.7	49.5	49.2	41.7
Net debt	24.7	17.6	18.2	18.0	18.5	18.6

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of KHC on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $22.26 · market cap $26.4B.