Mondelez International, Inc. (MDLZ) Financial Ratios
28 years of historical data (1998–2025) · Consumer Defensive · Food Confectioners
EV/EBITDA
↓
20.03
+9% vs avg
5yr avg: 18.40
30Y Low7.1·High25.2
P/FCF
↓
24.55
-7% vs avg
5yr avg: 26.45
30Y Low7.0·High43.2
P/B Ratio
↓
3.10
-3% vs avg
5yr avg: 3.18
30Y Low1.0·High3.5
ROE
↓
9.3%
↑-33% vs avg
5yr avg: 13.8%
30Y Low6%·High26%
Debt/EBITDA
↑
4.50
↑+22% vs avg
5yr avg: 3.68
30Y Low1.6·High7.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MDLZ Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Mondelez International, Inc. trades at 32.7x earnings, 34% above its 5-year average of 24.4x, sitting at the 92nd percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 19.6x, the stock trades at a premium of 67%. On a free-cash-flow basis, the stock trades at 24.6x P/FCF, 7% below the 5-year average of 26.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $79.4B | $69.9B | $80.5B | $99.2B | $92.3B | $93.7B | $84.3B | $80.3B | $59.5B | $65.5B | $69.7B |
| Enterprise Value | $99.7B | $90.1B | $97.5B | $117.4B | $113.9B | $110.1B | $101.2B | $97.8B | $76.8B | $82.4B | $85.2B |
| P/E Ratio → | 32.74 | 28.48 | 17.46 | 20.01 | 34.01 | 21.81 | 23.67 | 20.78 | 17.56 | 22.41 | 42.22 |
| P/S Ratio | 2.06 | 1.81 | 2.21 | 2.76 | 2.93 | 3.26 | 3.17 | 3.10 | 2.29 | 2.53 | 2.69 |
| P/B Ratio | 3.10 | 2.70 | 2.98 | 3.50 | 3.43 | 3.31 | 3.05 | 2.94 | 2.31 | 2.51 | 2.77 |
| P/FCF | 24.55 | 21.60 | 22.84 | 27.55 | 30.75 | 29.50 | 27.17 | 26.42 | 20.85 | 41.50 | 43.20 |
| P/OCF | 17.59 | 15.48 | 16.39 | 21.05 | 23.62 | 22.63 | 21.26 | 20.25 | 15.07 | 25.27 | 24.57 |
P/E links to full P/E history page with 30-year chart
MDLZ EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Mondelez International, Inc.'s enterprise value stands at 20.0x EBITDA, 9% above its 5-year average of 18.4x. The Consumer Defensive sector median is 11.5x, placing the stock at a 74% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.34 | 2.67 | 3.26 | 3.62 | 3.83 | 3.81 | 3.78 | 2.96 | 3.18 | 3.29 |
| EV / EBITDA | 20.03 | 18.11 | 12.75 | 17.47 | 24.55 | 19.10 | 20.36 | 20.01 | 18.62 | 19.27 | 25.23 |
| EV / EBIT | 27.54 | 27.35 | 14.40 | 18.25 | 31.16 | 23.26 | 26.58 | 24.89 | 23.23 | 23.41 | 43.27 |
| EV / FCF | — | 27.87 | 27.67 | 32.58 | 37.95 | 34.67 | 32.62 | 32.19 | 26.90 | 52.20 | 52.78 |
MDLZ Profitability
Margins and return-on-capital ratios measuring operating efficiency
Mondelez International, Inc. earns an operating margin of 9.4%, above the Consumer Defensive sector average of 1.5%. Operating margins have compressed from 15.3% to 9.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 9.3% is modest. ROIC of 6.0% represents adequate returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.0% | 28.0% | 39.1% | 38.2% | 35.9% | 39.2% | 39.3% | 40.0% | 39.9% | 38.7% | 39.0% |
| Operating Margin | 9.4% | 9.4% | 17.4% | 15.3% | 11.2% | 16.2% | 14.5% | 14.9% | 12.8% | 13.4% | 9.9% |
| Net Profit Margin | 6.4% | 6.4% | 12.7% | 13.8% | 8.6% | 15.0% | 13.4% | 15.2% | 12.8% | 10.9% | 6.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.3% | 9.3% | 16.7% | 17.9% | 9.8% | 15.4% | 12.9% | 14.8% | 12.8% | 11.0% | 6.1% |
| ROA | 3.5% | 3.5% | 6.6% | 7.0% | 3.9% | 6.4% | 5.4% | 6.2% | 5.3% | 4.5% | 2.6% |
| ROIC | 6.0% | 6.0% | 10.5% | 8.7% | 5.7% | 7.8% | 6.5% | 6.6% | 5.8% | 6.2% | 4.7% |
| ROCE | 7.3% | 7.3% | 12.5% | 10.3% | 6.6% | 8.8% | 7.6% | 8.1% | 7.1% | 7.3% | 5.2% |
MDLZ Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Mondelez International, Inc. carries a Debt/EBITDA ratio of 4.5x, which is highly leveraged (34% above the sector average of 3.4x). Net debt stands at $20.3B ($22.4B total debt minus $2.1B cash). Interest coverage of 11.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.87 | 0.87 | 0.68 | 0.70 | 0.87 | 0.71 | 0.74 | 0.69 | 0.71 | 0.68 | 0.68 |
| Debt / EBITDA | 4.50 | 4.50 | 2.40 | 2.97 | 5.07 | 3.46 | 4.13 | 3.85 | 4.46 | 4.13 | 5.09 |
| Net Debt / Equity | — | 0.78 | 0.63 | 0.64 | 0.80 | 0.58 | 0.61 | 0.64 | 0.67 | 0.65 | 0.61 |
| Net Debt / EBITDA | 4.07 | 4.07 | 2.23 | 2.70 | 4.66 | 2.85 | 3.40 | 3.59 | 4.19 | 3.95 | 4.58 |
| Debt / FCF | — | 6.27 | 4.83 | 5.03 | 7.20 | 5.17 | 5.45 | 5.77 | 6.05 | 10.70 | 9.58 |
| Interest Coverage | 11.69 | 11.69 | 13.32 | 11.69 | 8.54 | 12.97 | 9.00 | 8.12 | 7.15 | 8.89 | 3.82 |
MDLZ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.59x is below 1.0, meaning current liabilities exceed current assets — though the company's $2.1B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.59 | 0.59 | 0.68 | 0.62 | 0.60 | 0.74 | 0.66 | 0.50 | 0.45 | 0.48 | 0.59 |
| Quick Ratio | 0.39 | 0.39 | 0.48 | 0.43 | 0.40 | 0.54 | 0.48 | 0.33 | 0.30 | 0.31 | 0.42 |
| Cash Ratio | 0.10 | 0.10 | 0.07 | 0.10 | 0.11 | 0.25 | 0.24 | 0.08 | 0.07 | 0.05 | 0.12 |
| Asset Turnover | — | 0.54 | 0.53 | 0.50 | 0.44 | 0.43 | 0.39 | 0.40 | 0.41 | 0.41 | 0.42 |
| Inventory Turnover | 6.28 | 6.28 | 5.80 | 6.16 | 5.97 | 6.45 | 6.10 | 6.10 | 6.01 | 6.20 | 6.41 |
| Days Sales Outstanding | — | 46.01 | 48.19 | 45.73 | 45.28 | 40.52 | 40.56 | 41.30 | 42.30 | 49.70 | 48.86 |
MDLZ Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Mondelez International, Inc. returns 6.1% to shareholders annually — split between a 3.1% dividend yield and 3.0% buyback yield. The payout ratio exceeds 100% at 101.5%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 3.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.1% | 3.6% | 2.9% | 2.2% | 2.2% | 1.9% | 2.0% | 1.9% | 2.3% | 1.8% | 1.6% |
| Payout Ratio | 101.5% | 101.5% | 50.9% | 43.6% | 73.1% | 42.5% | 47.2% | 39.2% | 41.0% | 42.4% | 66.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.1% | 3.5% | 5.7% | 5.0% | 2.9% | 4.6% | 4.2% | 4.8% | 5.7% | 4.5% | 2.4% |
| FCF Yield | 4.1% | 4.6% | 4.4% | 3.6% | 3.3% | 3.4% | 3.7% | 3.8% | 4.8% | 2.4% | 2.3% |
| Buyback Yield | 3.0% | 3.4% | 2.9% | 1.6% | 2.2% | 2.3% | 1.6% | 1.8% | 3.4% | 3.3% | 3.7% |
| Total Shareholder Yield | 6.1% | 7.0% | 5.8% | 3.7% | 4.3% | 4.2% | 3.6% | 3.8% | 5.7% | 5.1% | 5.3% |
| Shares Outstanding | — | $1.3B | $1.3B | $1.4B | $1.4B | $1.4B | $1.4B | $1.5B | $1.5B | $1.5B | $1.6B |
Peer Comparison
Compare MDLZ with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MDLZYou | $79B | 32.7 | 20.0 | 24.6 | 28.0% | 9.4% | 9.3% | 6.0% | 4.5 |
 HSY | $38B | 43.0 | 29.2 | 21.6 | 33.3% | 12.1% | 18.9% | 11.5% | 3.7 |
 CPB | $6B | 10.4 | 7.5 | 8.9 | 30.4% | 13.2% | 15.6% | 9.1% | 4.0 |
 GIS | $19B | 8.6 | 8.8 | 8.2 | 34.6% | 17.0% | 24.3% | 10.6% | 4.0 |
 K | $29B | 21.5 | 15.5 | 25.6 | 36.9% | 14.7% | 37.0% | 14.7% | 2.8 |
 SJM | $10B | -8.4 | — | 12.6 | 38.8% | -7.7% | -17.9% | -3.4% | — |
 TR | $3B | 30.5 | 24.9 | 32.6 | 35.5% | 14.0% | 11.0% | 9.8% | 0.1 |
 KHC | $27B | -4.7 | — | 7.5 | 33.3% | -18.7% | -12.8% | -5.5% | — |
 CAG | $7B | 5.8 | 8.5 | 5.2 | 25.9% | 11.8% | 12.9% | 6.0% | 4.7 |
 CLX | $11B | 13.8 | 9.7 | 14.3 | 45.0% | 16.6% | 166.3% | 27.7% | 2.1 |
 MKC | $12B | 16.5 | 12.2 | 16.6 | 37.9% | 16.0% | 14.2% | 8.5% | 3.0 |
| Consumer Defensive Median | — | 19.6 | 11.5 | 14.8 | 40.2% | 1.5% | 7.7% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
Full MDLZ Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
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Price is only half the story. See total return with reinvested dividends.
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DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
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Side-by-side business, growth, and profitability comparison vs The Hershey Company.
Start ComparisonMDLZ — Frequently Asked Questions
Quick answers to the most common questions about buying MDLZ stock.
What is Mondelez International, Inc.'s P/E ratio?
Mondelez International, Inc.'s current P/E ratio is 32.7x. The historical average is 18.1x. This places it at the 92th percentile of its historical range.
What is Mondelez International, Inc.'s EV/EBITDA?
Mondelez International, Inc.'s current EV/EBITDA is 20.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.3x.
What is Mondelez International, Inc.'s ROE?
Mondelez International, Inc.'s return on equity (ROE) is 9.3%. The historical average is 12.2%.
Is MDLZ stock overvalued?
Based on historical data, Mondelez International, Inc. is trading at a P/E of 32.7x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Mondelez International, Inc.'s dividend yield?
Mondelez International, Inc.'s current dividend yield is 3.10% with a payout ratio of 101.5%.
What are Mondelez International, Inc.'s profit margins?
Mondelez International, Inc. has 28.0% gross margin and 9.4% operating margin.
How much debt does Mondelez International, Inc. have?
Mondelez International, Inc.'s Debt/EBITDA ratio is 4.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.