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The Kraft Heinz Company (KHC) 10-Year Financial Performance & Capital Metrics

KHC • • Industrial / General
Consumer DefensivePackaged FoodsTraditional Packaged FoodsMulti-Portfolio Food Conglomerates
AboutThe Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company also offers dressings, healthy snacks, and other categories; and spices and other seasonings. 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 stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, and foodservice distributors and institutions, including hotels, restaurants, hospitals, health care facilities, and government agencies; and online through various e-commerce platforms and retailers. The company was formerly known as H.J. Heinz Holding Corporation and changed its name to The Kraft Heinz Company in July 2015. The Kraft Heinz Company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.Show more
  • Revenue $25.85B -3.0%
  • EBITDA $2.63B -52.4%
  • Net Income $2.74B -3.9%
  • EPS (Diluted) 2.26 -2.2%
  • Gross Margin 34.7% +3.6%
  • EBITDA Margin 10.18% -51.0%
  • Operating Margin 6.51% -62.1%
  • Net Margin 10.62% -0.9%
  • ROE 5.54% -4.3%
  • ROIC 1.85% -63.2%
  • Debt/Equity 0.40
  • Interest Coverage 1.85 -63.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading at only 0.6x book value

✗Weaknesses

  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.57%
5Y0.69%
3Y-0.25%
TTM-3.7%

Profit (Net Income) CAGR

10Y10.16%
5Y7.24%
3Y39.44%
TTM-418.69%

EPS CAGR

10Y2.65%
5Y7.42%
3Y40.21%
TTM-431.27%

ROCE

10Y Avg2.59%
5Y Avg3.65%
3Y Avg4.01%
Latest2.06%

Peer Comparison

Multi-Portfolio Food Conglomerates
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Size & Scale
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Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
HRLHormel Foods Corporation13.6B24.7228.411.55%3.95%6.04%3.93%0.36
POSTPost Holdings, Inc.5.06B98.1017.802.97%4.11%8.92%9.64%1.97
CPBCampbell Soup Company8.02B26.9013.386.4%5.69%14.6%8.79%1.85
GISGeneral Mills, Inc.24.33B45.6011.12-1.87%15.24%30.67%9.42%1.66
KHCThe Kraft Heinz Company28.69B24.2410.73-2.98%-17.35%-10.5%11.01%0.40
CAGConagra Brands, Inc.8.31B17.377.21-3.64%7.42%9.53%15.68%0.93
JBSJBS N.V.12.29B15.090.4914.61%2.4%94.15%100%2.68
BGSB&G Foods, Inc.359.1M4.49-1.41-6.3%-13.61%-53.21%28.86%3.96

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+18.34B26.3B26.08B26.27B24.98B26.18B26.04B26.48B26.64B25.85B
Revenue Growth %0.01%0.43%-0.01%0.01%-0.05%0.05%-0.01%0.02%0.01%-0.03%
Cost of Goods Sold+12.58B17.15B17.04B17.35B16.83B17.01B17.36B18.36B17.71B16.88B
COGS % of Revenue0.69%0.65%0.65%0.66%0.67%0.65%0.67%0.69%0.66%0.65%
Gross Profit+5.76B9.15B9.03B8.92B8.15B9.18B8.68B8.12B8.93B8.97B
Gross Margin %0.31%0.35%0.35%0.34%0.33%0.35%0.33%0.31%0.34%0.35%
Gross Profit Growth %0.19%0.59%-0.01%-0.01%-0.09%0.13%-0.05%-0.06%0.1%0%
Operating Expenses+3.12B3.54B2.98B19.13B5.08B7.05B5.22B4.49B4.35B7.29B
OpEx % of Revenue0.17%0.13%0.11%0.73%0.2%0.27%0.2%0.17%0.16%0.28%
Selling, General & Admin3.12B3.53B2.93B2.84B2.7B3.17B3.37B3.43B3.59B3.49B
SG&A % of Revenue0.17%0.13%0.11%0.11%0.11%0.12%0.13%0.13%0.13%0.13%
Research & Development00000119M00147M0
R&D % of Revenue-----0%--0.01%-
Other Operating Expenses018M49M16.29B2.38B3.77B1.85B1.06B614M3.8B
Operating Income+2.64B5.6B6.06B-10.21B3.07B2.13B3.46B3.63B4.57B1.68B
Operating Margin %0.14%0.21%0.23%-0.39%0.12%0.08%0.13%0.14%0.17%0.07%
Operating Income Growth %0.4%1.12%0.08%-2.68%1.3%-0.31%0.63%0.05%0.26%-0.63%
EBITDA+3.38B6.94B7.09B-9.22B4.06B3.1B4.37B4.57B5.53B2.63B
EBITDA Margin %0.18%0.26%0.27%-0.35%0.16%0.12%0.17%0.17%0.21%0.1%
EBITDA Growth %0.49%1.05%0.02%-2.3%1.44%-0.24%0.41%0.05%0.21%-0.52%
D&A (Non-Cash Add-back)740M1.34B1.03B983M994M969M910M933M961M948M
EBIT2.33B6.07B6.68B-10.04B4.02B2.42B3.75B3.89B4.54B1.77B
Net Interest Income+-1.32B-1.13B-1.23B-1.25B-1.32B-1.37B-2.03B-894M-872M-843M
Interest Income00035M36M27M15M27M40M69M
Interest Expense1.32B1.13B1.23B1.28B1.36B1.39B2.05B921M912M912M
Other Income/Expense-1.63B-662M-607M-1.12B-409M-1.1B-1.75B-668M-939M-827M
Pretax Income+1.01B4.94B5.45B-11.32B2.66B1.03B1.71B2.97B3.63B856M
Pretax Margin %0.06%0.19%0.21%-0.43%0.11%0.04%0.07%0.11%0.14%0.03%
Income Tax+366M1.33B-5.48B-1.07B728M669M684M598M787M-1.89B
Effective Tax Rate %0.63%0.73%2.01%0.9%0.73%0.35%0.59%0.8%0.79%3.21%
Net Income+634M3.6B10.94B-10.19B1.94B356M1.01B2.36B2.85B2.74B
Net Margin %0.03%0.14%0.42%-0.39%0.08%0.01%0.04%0.09%0.11%0.11%
Net Income Growth %-0.39%4.67%2.04%-1.93%1.19%-0.82%1.84%1.33%0.21%-0.04%
Net Income (Continuing)647M3.61B10.93B-10.25B1.93B361M1.02B2.37B2.85B2.75B
Discontinued Operations0000000000
Minority Interest231M216M213M121M126M140M154M192M196M140M
EPS (Diluted)+-0.342.818.95-8.441.580.290.821.912.312.26
EPS Growth %-1.2%9.26%2.19%-1.94%1.19%-0.82%1.83%1.33%0.21%-0.02%
EPS (Basic)-0.342.849.03-8.441.580.290.831.932.332.27
Diluted Shares Outstanding786M1.23B1.23B1.22B1.22B1.23B1.24B1.24B1.24B1.22B
Basic Shares Outstanding782.35M1.22B1.22B1.22B1.22B1.22B1.22B1.23B1.23B1.21B
Dividend Payout Ratio2.05%1%0.26%-1.01%5.5%1.94%0.83%0.69%0.7%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+9.78B8.75B7.2B9.07B8.1B10.82B8.99B7.9B7.93B7.66B
Cash & Short-Term Investments4.84B4.2B1.63B1.13B2.28B3.42B3.44B1.04B1.4B1.33B
Cash Only4.84B4.2B1.63B1.13B2.28B3.42B3.44B1.04B1.4B1.33B
Short-Term Investments0000000000
Accounts Receivable1.45B1.16B1.81B2.28B1.97B2.06B1.96B2.12B2.11B2.15B
Days Sales Outstanding28.9416.0725.3631.728.8328.7627.4329.2228.9430.32
Inventory2.62B2.68B2.76B2.67B2.72B2.77B2.73B3.65B3.61B3.38B
Days Inventory Outstanding75.9857.1159.1156.1259.0159.5157.3872.5774.4773.01
Other Current Assets871M707M655M2.6B740M2.44B727M846M569M583M
Total Non-Current Assets+113.19B111.73B112.89B94.39B93.35B89.01B84.4B82.62B82.41B80.63B
Property, Plant & Equipment6.52B6.69B7.06B7.08B7.05B6.88B6.81B6.74B7.12B7.15B
Fixed Asset Turnover2.81x3.93x3.69x3.71x3.54x3.81x3.83x3.93x3.74x3.61x
Goodwill43.05B44.13B44.83B36.5B35.55B33.09B31.3B30.83B30.46B28.67B
Intangible Assets62.12B59.3B59.43B49.47B48.65B46.67B43.54B42.65B42.45B40.1B
Long-Term Investments000000000196M
Other Non-Current Assets1.5B1.62B1.57B1.34B2.1B2.38B2.76B2.39B2.38B4.51B
Total Assets+122.97B120.48B120.09B103.46B101.45B99.83B93.39B90.51B90.34B88.29B
Asset Turnover0.15x0.22x0.22x0.25x0.25x0.26x0.28x0.29x0.29x0.29x
Asset Growth %4.36%-0.02%-0%-0.14%-0.02%-0.02%-0.06%-0.03%-0%-0.02%
Total Current Liabilities+6.93B9.5B10.15B7.5B7.88B8.06B9.06B9.03B8.04B7.25B
Accounts Payable2.84B4B4.36B4.15B4B4.3B4.75B4.85B4.63B4.19B
Days Payables Outstanding82.5485.0393.4287.3886.8192.3799.9396.3695.3490.57
Short-Term Debt83M2.69B3.19B398M1.03B236M754M837M638M654M
Deferred Revenue (Current)0000000000
Other Current Liabilities1.57B1.4B1.49B1.82B1.81B2.1B1.94B2.33B1.78B1.45B
Current Ratio1.41x0.92x0.71x1.21x1.03x1.34x0.99x0.87x0.99x1.06x
Quick Ratio1.03x0.64x0.44x0.85x0.68x1.00x0.69x0.47x0.54x0.59x
Cash Conversion Cycle22.38-11.85-8.950.431.03-4.1-15.135.428.0612.76
Total Non-Current Liabilities+49.8B53.41B43.86B44.18B41.83B41.53B34.88B32.62B32.58B31.71B
Long-Term Debt25.15B29.71B28.31B30.77B28.22B28.07B21.06B19.23B19.39B19.21B
Capital Lease Obligations0000000000
Deferred Tax Liabilities21.5B20.85B14.04B12.2B11.88B11.46B10.54B10.15B10.2B9.68B
Other Non-Current Liabilities3.16B2.84B1.51B1.21B1.73B1.99B1.75B1.75B1.56B1.44B
Total Liabilities56.74B62.91B54.02B51.68B49.7B49.59B43.94B41.64B40.62B38.96B
Total Debt+25.23B32.4B31.5B31.17B29.24B28.31B21.82B20.07B20.03B19.87B
Net Debt20.4B28.2B29.87B30.04B26.96B24.89B18.37B19.03B18.63B18.54B
Debt / Equity0.38x0.56x0.48x0.60x0.57x0.56x0.44x0.41x0.40x0.40x
Debt / EBITDA7.47x4.67x4.44x-7.20x9.14x4.99x4.39x3.62x7.55x
Net Debt / EBITDA6.04x4.06x4.21x-6.64x8.04x4.20x4.17x3.37x7.04x
Interest Coverage2.00x4.94x4.91x-7.95x2.26x1.53x1.69x3.95x5.01x1.85x
Total Equity+66.24B57.57B66.08B51.78B51.75B50.24B49.45B48.87B49.72B49.33B
Equity Growth %14.17%-0.13%0.15%-0.22%-0%-0.03%-0.02%-0.01%0.02%-0.01%
Book Value per Share84.2746.9653.7742.4842.2840.9140.0139.5740.2640.60
Total Shareholders' Equity66B57.36B65.86B51.66B51.62B50.1B49.3B48.68B49.53B49.19B
Common Stock12M12M12M12M12M12M12M12M12M12M
Retained Earnings0588M8.49B-4.85B-3.06B-2.69B-1.68B489M1.37B2.17B
Treasury Stock-31M-207M-224M-282M-271M-344M-587M-847M-1.29B-2.22B
Accumulated OCI-671M-1.63B-1.05B-1.94B-1.89B-1.97B-1.82B-2.81B-2.6B-2.92B
Minority Interest231M216M213M121M126M140M154M192M196M140M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+2.47B5.24B527M2.57B3.55B4.93B5.36B2.47B3.98B4.18B
Operating CF Margin %0.13%0.2%0.02%0.1%0.14%0.19%0.21%0.09%0.15%0.16%
Operating CF Growth %0.22%1.12%-0.9%3.88%0.38%0.39%0.09%-0.54%0.61%0.05%
Net Income647M3.64B10.99B-10.25B1.93B361M1.02B2.37B2.85B2.75B
Depreciation & Amortization740M1.34B1.04B983M994M969M910M933M961M948M
Stock-Based Compensation133M46M46M33M46M156M197M148M141M109M
Deferred Taxes-317M-29M-6.47B-1.97B-293M-343M-1.04B-278M17M-2.86B
Other Non-Cash Items597M-787M-1.68B15.84B1.1B3.34B3.87B781M808M3.83B
Working Capital Changes667M1.03B-3.4B-2.06B-233M447M406M-1.48B-806M-589M
Change in Receivables416M534M-2.63B-2.28B140M-26M87M-228M18M-139M
Change in Inventory25M-130M-251M-251M-277M-266M-144M-1.12B-106M-6M
Change in Payables-119M943M464M-23M-58M207M408M152M-295M-308M
Cash from Investing+-9.7B-1.11B1.16B288M1.51B-522M4.04B-1.09B-916M-1.02B
Capital Expenditures-648M-1.25B-1.22B-826M-768M-596M-905M-916M-1.01B-1.16B
CapEx % of Revenue0.04%0.05%0.05%0.03%0.03%0.02%0.03%0.03%0.04%0.05%
Acquisitions----------
Investments----------
Other Investing-724M43M2.37B1.36B-755M49M-874M10M97M141M
Cash from Financing+10.18B-4.62B-4.23B-3.36B-3.91B-3.33B-9.34B-3.71B-2.68B-3.01B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-2.2B-3.76B-2.89B-3.18B-1.95B-1.96B-1.96B-1.96B-1.97B-1.93B
Share Repurchases----------
Other Financing-166M-69M18M-28M-33M-60M12M-19M-67M-65M
Net Change in Cash----------
Free Cash Flow+1.82B3.99B-690M1.75B2.78B4.33B4.46B1.55B2.96B3.16B
FCF Margin %0.1%0.15%-0.03%0.07%0.11%0.17%0.17%0.06%0.11%0.12%
FCF Growth %0.22%1.19%-1.17%3.53%0.59%0.56%0.03%-0.65%0.91%0.07%
FCF per Share2.313.26-0.561.432.273.533.611.262.402.60
FCF Conversion (FCF/Net Income)3.89x1.46x0.05x-0.25x1.84x13.85x5.30x1.04x1.39x1.52x
Interest Paid704M1.18B1.27B1.32B1.31B1.29B1.2B937M896M906M
Taxes Paid577M1.62B1.21B543M974M1.03B1.29B1.26B932M967M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)1.8%5.81%17.7%-17.3%3.74%0.7%2.03%4.81%5.79%5.54%
Return on Invested Capital (ROIC)3.97%4.87%5%-8.61%2.87%2.07%3.63%4.02%5.03%1.85%
Gross Margin31.42%34.78%34.64%33.96%32.62%35.05%33.34%30.67%33.51%34.7%
Net Margin3.46%13.67%41.96%-38.8%7.75%1.36%3.89%8.92%10.72%10.62%
Debt / Equity0.38x0.56x0.48x0.60x0.57x0.56x0.44x0.41x0.40x0.40x
Interest Coverage2.00x4.94x4.91x-7.95x2.26x1.53x1.69x3.95x5.01x1.85x
FCF Conversion3.89x1.46x0.05x-0.25x1.84x13.85x5.30x1.04x1.39x1.52x
Revenue Growth0.73%43.42%-0.85%0.74%-4.91%4.84%-0.55%1.7%0.59%-2.98%

Revenue by Segment

201620172018201920202021202220232024
Taste Elevation--------11.37B
Taste Elevation Growth---------
Easy Ready Meals--------4.75B
Easy Ready Meals Growth---------
Meats--------2.14B
Meats Growth---------
Hydration--------2.13B
Hydration Growth---------
Cheese and dairy5.66B5.48B5.29B4.89B5.13B4.92B3.98B3.86B1.75B
Cheese and dairy Growth--3.16%-3.56%-7.51%4.93%-4.07%-19.22%-2.99%-54.73%
Substantial Snacking--------1.23B
Substantial Snacking Growth---------
Desserts, toppings and baking980M956M1.04B1.03B1.12B1.16B1.2B1.21B1.15B
Desserts, toppings and baking Growth--2.45%8.58%-0.58%8.62%3.21%3.28%1.17%-4.71%
Coffee1.5B1.42B1.44B1.27B1.06B847M903M899M835M
Coffee Growth--4.88%1.05%-11.61%-16.44%-20.24%6.61%-0.44%-7.12%
Other products983M1.24B894M1.14B855M916M1.06B1.06B499M
Other products Growth-25.64%-27.61%27.96%-25.26%7.13%15.50%0.00%-52.84%
Condiments and Sauces6.78B6.44B6.75B6.41B6.81B7.3B8.24B8.93B-
Condiments and Sauces Growth--5.04%4.86%-5.12%6.35%7.18%12.86%8.41%-
Ambient meals2.28B2.31B2.58B2.48B2.95B2.9B3.05B3.01B-
Ambient meals Growth-1.18%11.52%-3.92%19.35%-1.96%5.21%-1.08%-
Frozen and chilled meals2.25B2.58B2.55B2.37B2.6B2.7B2.92B2.91B-
Frozen and chilled meals Growth-14.53%-1.16%-6.95%9.62%3.81%8.30%-0.41%-
Meats and seafood2.71B2.61B2.5B2.41B2.52B2.61B2.73B2.46B-
Meats and seafood Growth--3.73%-3.99%-3.95%4.53%3.90%4.59%-10.14%-
Refreshment beverages1.53B1.51B1.51B1.5B1.66B1.79B2B1.94B-
Refreshment beverages Growth--1.37%-0.07%-0.20%10.04%7.92%11.93%-2.80%-
Infant and nutrition762M755M756M512M433M441M411M360M-
Infant and nutrition Growth--0.92%0.13%-32.28%-15.43%1.85%-6.80%-12.41%-
Nuts and salted snacks1.05B937M967M966M1.05B464M---
Nuts and salted snacks Growth--10.85%3.20%-0.10%8.39%-55.68%---

Revenue by Geography

201620172018201920202021202220232024
United States18.64B18.35B18.22B17.84B19.2B18.6B18.59B18.38B17.77B
United States Growth--1.54%-0.74%-2.05%7.62%-3.12%-0.09%-1.13%-3.31%
World4.48B4.67B4.81B4.24B4.24B4.54B4.99B5.24B5.02B
World Growth-4.15%2.96%-11.69%-0.14%7.22%9.73%5.15%-4.20%
Canada2.31B2.19B2.17B1.88B1.64B1.75B1.75B1.75B1.77B
Canada Growth--5.15%-0.78%-13.39%-12.86%6.52%0.29%-0.17%1.49%
UNITED KINGDOM1.05B1.02B1.07B1.01B1.1B1.15B1.16B1.27B1.28B
UNITED KINGDOM Growth--3.22%4.90%-5.98%9.53%3.99%1.13%9.57%0.71%

Frequently Asked Questions

Valuation & Price

The Kraft Heinz Company (KHC) has a price-to-earnings (P/E) ratio of 10.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

The Kraft Heinz Company (KHC) reported $25.16B in revenue for fiscal year 2024. This represents a 35% increase from $18.58B in 2011.

The Kraft Heinz Company (KHC) saw revenue decline by 3.0% over the past year.

The Kraft Heinz Company (KHC) reported a net loss of $4.37B for fiscal year 2024.

Dividend & Returns

Yes, The Kraft Heinz Company (KHC) pays a dividend with a yield of 6.56%. This makes it attractive for income-focused investors.

The Kraft Heinz Company (KHC) has a return on equity (ROE) of 5.5%. This is below average, suggesting room for improvement.

The Kraft Heinz Company (KHC) generated $3.63B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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