The Filing Desk

Kraft Heinz vs Mondelez International

Kraft Heinz KHC · Mondelez International MDLZ · Packaged Foods & Meats

Mondelez International reported revenue of $38.5 billion in fiscal 2025, 1.5 times Kraft Heinz's $24.9 billion in fiscal 2025. Kraft Heinz's revenue fell 3.5% in its latest year, and Mondelez International's grew 5.8%. Kraft Heinz had an operating margin of -18.7%, against 9.2% at Mondelez International. Free cash flow was $3.7 billion at Kraft Heinz and $3.2 billion at Mondelez International. Their fiscal years end in different months (December 27 and December 31), so the periods don't line up exactly.

Side by side

Kraft HeinzMondelez International
Latest fiscal yearFY2025, Dec 27, 2025FY2025, Dec 31, 2025
Revenue$24.9B$38.5B
Revenue growth−3.5%5.8%
Revenue growth a year, last 5 years−1.0%7.7%
Gross margin33.3%28.4%
Operating margin−18.7%9.2%
Net margin−23.4%6.4%
Free cash flow$3.7B$3.2B
Free cash flow margin14.7%8.4%
Return on capital−5.8%6.0%
Net debt to EBITDA—3.9x
Dividends and buybacks$2.3B$4.9B
Change in diluted share count−2.3%−3.6%
Last close$24.73$62.97
P/E at the last close—31.2×
Insider trades, last 12 monthsbought $5.0 million, sold $7.0 millionsold $8.7 million
Piotroski F-score4 of 95 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Kraft HeinzMondelez International
Operating margin
Percent of revenue
Kraft HeinzMondelez International
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Kraft HeinzMondelez International

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Kraft Heinz and Mondelez International pages.