Last 45 quarters of trend data · Consumer Defensive · Food Confectioners
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Kellanova's quarterly P/E stands at 23.2x, up 61.1% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 43.7% YoY to 16.0x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 21.51 | 23.24 | 23.67 | 19.41 | 19.23 | 14.42 | 18.36 | 174.72 | 17.90 | 15.35 | 18.26 | — | 18.16 |
| — | +61.1% | +28.9% | -88.9% | +7.5% | -6.1% | +0.5% | — | -1.4% | -13.4% | +46.0% | — | +7.8% | |
| P/S Ratio | 2.28 | 2.16 | 2.33 | 2.27 | 2.17 | 1.56 | 1.54 | 1.51 | 1.48 | 1.63 | 1.62 | 1.49 | 1.42 |
| — | +38.5% | +51.6% | +49.7% | +46.5% | -4.2% | -5.0% | +1.6% | +3.9% | +9.2% | +13.1% | -1.9% | +0.4% | |
| P/B Ratio | 7.44 | 6.57 | 7.15 | 7.30 | 7.46 | 5.81 | 6.01 | 5.71 | 4.50 | 5.17 | 4.84 | 5.23 | 4.75 |
| — | +13.1% | +18.9% | +27.9% | +65.6% | +12.3% | +24.2% | +9.2% | -5.1% | +2.3% | -1.3% | +5.9% | -7.5% | |
| P/FCF | 25.65 | 329.17 | — | 25.39 | 17.09 | 21.26 | 23.57 | 64.98 | 8.18 | 23.51 | 74.23 | 17.16 | 19.25 |
| — | +1448.3% | — | -60.9% | +109.0% | -9.6% | -68.2% | +278.6% | -57.5% | +42.5% | +166.6% | +35.7% | +31.5% | |
| EV / EBITDA | 15.48 | 15.96 | 16.61 | 13.60 | 15.48 | 11.11 | 13.60 | 17.85 | 12.28 | 13.68 | 15.54 | 16.09 | 15.27 |
| — | +43.7% | +22.1% | -23.8% | +26.1% | -18.8% | -12.5% | +10.9% | -19.6% | -3.7% | +37.8% | +2.5% | +21.2% | |
| EV / EBIT | 18.52 | 18.20 | 18.97 | 15.34 | 17.50 | 11.69 | 12.32 | 29.36 | 14.32 | 16.50 | 19.94 | — | 17.05 |
| — | +55.8% | +54.0% | -47.8% | +22.1% | -29.2% | -38.2% | — | -16.0% | +8.1% | +69.6% | — | +5.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Kellanova's operating margin was 13.7% in Q2 2025, down 0.3 pp QoQ and down 1.8 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 14.7% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 8.7% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.9% | 34.3% | 34.6% | 38.4% | 36.9% | 37.6% | 35.4% | 34.7% | 34.1% | 32.9% | 29.4% | 30.3% | 29.3% |
| — | -8.7% | -2.3% | +10.9% | +8.3% | +14.4% | +20.4% | +14.5% | +16.5% | +10.9% | -7.0% | +1.4% | -9.5% | |
| Operating Margin | 14.7% | 13.7% | 13.9% | 17.0% | 14.1% | 15.4% | 12.3% | 10.3% | 12.7% | 12.4% | 10.4% | 8.7% | 9.3% |
| — | -11.5% | +13.6% | +64.5% | +10.9% | +24.1% | +18.6% | +18.2% | +36.4% | +15.9% | -26.5% | -9.1% | -24.4% | |
| Net Margin | 10.5% | 9.3% | 9.9% | 11.7% | 11.4% | 10.8% | 8.3% | 0.9% | 8.3% | 10.7% | 8.9% | -2.6% | 7.9% |
| — | -13.4% | +18.2% | +1273.4% | +37.4% | +1.2% | -6.4% | +133.3% | +5.2% | +26.3% | -22.4% | -120.2% | -7.3% |
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 37.0% | 7.3% | 7.7% | 9.6% | 10.2% | 10.3% | 8.0% | 0.7% | 6.3% | 8.2% | 6.7% | -2.2% | 6.7% |
| — | -29.2% | -4.3% | +1252.8% | +61.4% | +25.0% | +19.3% | +132.8% | -5.1% | +11.4% | -32.1% | -120.4% | -14.3% | |
| ROA | 8.6% | 1.9% | 2.0% | 2.3% | 2.4% | 2.2% | 1.7% | 0.2% | 1.5% | 1.9% | 1.6% | -0.5% | 1.6% |
| — | -15.1% | +13.3% | +1377.4% | +61.6% | +15.6% | +7.5% | +130.1% | -10.5% | +12.0% | -30.0% | -122.1% | -2.6% | |
| ROIC | 14.7% | 3.2% | 3.3% | 4.1% | 3.5% | 3.8% | 3.1% | 2.4% | 2.8% | 2.7% | 2.3% | 2.2% | 2.3% |
| — | -15.4% | +8.3% | +72.6% | +25.9% | +39.5% | +34.3% | +9.4% | +19.7% | +5.1% | -30.6% | +4.1% | -17.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Kellanova's Debt/EBITDA ratio is 12.3x — elevated, raising questions about debt serviceability. The current ratio has weakened 6.1% YoY to 0.68x, tightening the short-term liquidity position. Debt/Equity has declined for 6 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.63 | 1.54 | 1.55 | 1.63 | 1.72 | 1.90 | 2.01 | 1.94 | 1.79 | 1.74 | 1.65 | 1.64 | 1.54 |
| — | -18.8% | -23.2% | -15.7% | -3.9% | +9.2% | +22.0% | +18.3% | +16.8% | +3.7% | -10.9% | -10.7% | -24.6% | |
| Debt / EBITDA | 2.83 | 12.26 | 11.92 | 10.15 | 11.83 | 11.06 | 13.76 | 18.28 | 14.59 | 13.91 | 15.99 | 15.51 | 15.13 |
| — | +10.9% | -13.4% | -44.5% | -18.9% | -20.5% | -13.9% | +17.9% | -3.6% | -2.7% | +27.8% | -9.7% | +3.9% | |
| Current Ratio | 0.81 | 0.68 | 0.80 | 0.81 | 0.77 | 0.73 | 0.62 | 0.66 | 0.76 | 0.66 | 0.72 | 0.66 | 0.74 |
| — | -6.1% | +28.2% | +22.4% | +1.4% | +9.8% | -13.3% | -0.2% | +3.8% | -6.0% | +10.4% | +3.2% | -2.5% | |
| Quick Ratio | 0.56 | 0.45 | 0.52 | 0.56 | 0.53 | 0.48 | 0.41 | 0.41 | 0.51 | 0.40 | 0.42 | 0.45 | 0.46 |
| — | -6.2% | +27.9% | +34.7% | +3.1% | +20.0% | -3.6% | -8.0% | +12.3% | -6.6% | +8.9% | +19.4% | -4.9% | |
| Interest Coverage | 5.29 | 5.76 | 6.62 | 5.90 | 6.08 | 6.01 | 4.85 | 3.45 | 5.67 | 5.87 | 5.16 | 5.08 | 9.95 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 45 years · Updated daily
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Quick answers to the most common questions about buying K stock.
Kellanova's current P/E is 21.5x. The average P/E over the last 4 quarters is 21.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Kellanova's current operating margin is 14.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Kellanova's business trajectory between earnings reports.