financial statements

The full income statement, balance sheet, and cash-flow statement for The Kraft Heinz Company (KHC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 27 ’25	as ofDec 28 ’24	as ofDec 30 ’23	as ofDec 31 ’22	as ofDec 25 ’21
Revenue	24.9B YoY-3.5%	25.8B YoY-3.0%	26.6B YoY+0.6%	26.5B YoY+1.7%	26.0B YoY-0.5%
	8.31B YoY-7.3%	8.97B YoY+0.5%	8.93B YoY+9.9%	8.12B YoY-6.5%	8.68B YoY-5.4%
Cost of revenue	16.6B YoY-1.5%	16.9B YoY-4.7%	17.7B YoY-3.5%	18.4B YoY+5.8%	17.4B YoY+2.1%
Research & development	167M YoY+11.3%	150M YoY+2.0%	147M YoY+15.7%	127M YoY-9.3%	140M YoY+17.6%
Selling, general & administrative	13.0B YoY+78.1%	7.29B YoY+67.3%	4.35B YoY-3.0%	4.49B YoY-14.1%	5.22B YoY-25.9%
Amortization of intangibles	246M YoY-2.4%	252M YoY+0.4%	251M YoY-3.8%	261M YoY+9.2%	239M YoY-9.5%
Operating income	-4.67B YoY-377.4%	1.68B YoY-63.2%	4.57B YoY+25.8%	3.63B YoY+5.0%	3.46B YoY+62.6%
Interest expense	947M YoY+3.8%	912M YoY+0.0%	912M YoY-1.0%	921M YoY-55.0%	2.05B YoY+46.8%
Interest & investment income	122M YoY+76.8%	69.0M YoY+72.5%	40.0M YoY+48.1%	27.0M YoY+80.0%	15.0M YoY-44.4%
Other non-operating income	171M YoY+101.2%	85.0M YoY+414.8%	-27.0M YoY-110.7%	253M YoY-14.2%	295M YoY-0.3%
Pre-tax income	-5.45B YoY-736.1%	856M YoY-76.4%	3.63B YoY+22.5%	2.97B YoY+73.7%	1.71B YoY+65.8%
Income tax	403M YoY+121.3%	-1.89B YoY-340.2%	787M YoY+31.6%	598M YoY-12.6%	684M YoY+2.2%
	-5.85B YoY-313.0%	2.74B YoY-3.9%	2.85B YoY+20.8%	2.36B YoY+133.5%	1.01B YoY+184.3%
Net income to non-controlling interest	-2.00M YoY-200.0%	2.00M YoY+122.2%	-9.00M YoY-280.0%	5.00M YoY-58.3%	12.0M YoY+140.0%
Net income to common	-5.85B YoY-313.0%	2.74B YoY-3.9%	2.85B YoY+20.8%	2.36B YoY+133.5%	1.01B YoY+184.3%
	-$4.93 YoY-318.1%	$2.26 YoY-2.2%	$2.31 YoY+20.9%	$1.91 YoY+132.9%	$0.82 YoY+182.8%
EPS (basic)	-$4.93 YoY-317.2%	$2.27 YoY-2.6%	$2.33 YoY+20.7%	$1.93 YoY+132.5%	$0.83 YoY+186.2%
Weighted-avg shares (basic)	1.19B YoY-1.9%	1.21B YoY-1.4%	1.23B YoY+0.1%	1.23B YoY+0.2%	1.22B YoY+0.1%
Weighted-avg shares (diluted)	1.19B YoY-2.3%	1.22B YoY-1.6%	1.24B YoY+0.0%	1.24B YoY-0.1%	1.24B YoY+0.7%
Dividends per share	$1.60 YoY+0.0%	$1.60 YoY+0.0%	$1.60 YoY+0.0%	$1.60 YoY+0.0%	$1.60 YoY+0.0%
Balance Sheet	as ofDec 27 ’25	as ofDec 28 ’24	as ofDec 30 ’23	as ofDec 31 ’22	as ofDec 25 ’21
	10.1B YoY+32.3%	7.66B YoY-3.5%	7.93B YoY+0.4%	7.90B YoY-12.2%	8.99B YoY-16.9%
Cash & equivalents	2.62B YoY+96.0%	1.33B YoY-4.7%	1.40B YoY+34.6%	1.04B YoY-69.8%	3.44B YoY+0.8%
Short-term investments	1.06B	0.00	—	—	—
Accounts receivable	2.25B YoY+5.0%	2.15B YoY+1.7%	2.11B YoY-0.4%	2.12B YoY+8.3%	1.96B YoY-5.1%
Inventory	3.17B YoY-6.2%	3.38B YoY-6.6%	3.61B YoY-1.0%	3.65B YoY+33.8%	2.73B YoY-1.6%
Prepaid expenses	291M YoY+35.3%	215M YoY-8.1%	234M YoY-2.5%	240M YoY+76.5%	136M YoY+3.0%
Other current assets	588M YoY+0.9%	583M YoY+2.5%	569M YoY-32.4%	842M YoY+17.6%	716M YoY+24.7%
	81.8B YoY-7.4%	88.3B YoY-2.3%	90.3B YoY-0.2%	90.5B YoY-3.1%	93.4B YoY-6.4%
Property, plant & equipment	6.56B YoY+0.0%	6.56B YoY+0.0%	6.56B YoY+0.0%	6.56B YoY+0.0%	6.56B YoY+0.0%
Operating lease right-of-use	520M YoY-3.5%	539M YoY-6.1%	574M YoY-14.1%	668M YoY+17.4%	569M YoY+1.2%
Goodwill	22.2B YoY-22.6%	28.7B YoY-5.9%	30.5B YoY-1.2%	30.8B YoY-1.5%	31.3B YoY-5.4%
Intangible assets	37.5B YoY-6.4%	40.1B YoY-5.5%	42.4B YoY-0.5%	42.6B YoY-2.1%	43.5B YoY-6.7%
Other non-current assets	4.63B YoY-1.6%	4.71B YoY+97.7%	2.38B YoY-0.5%	2.39B YoY-13.1%	2.76B YoY+16.0%
	8.78B YoY+21.0%	7.25B YoY-9.8%	8.04B YoY-11.0%	9.03B YoY-0.4%	9.06B YoY+12.4%
Accounts payable	4.31B YoY+2.9%	4.19B YoY-9.5%	4.63B YoY-4.6%	4.85B YoY+2.0%	4.75B YoY+10.4%
Accrued liabilities	171M YoY+0.0%	171M YoY+0.0%	171M YoY+0.0%	171M YoY+0.0%	171M YoY+0.0%
Short-term & current debt	13.0M YoY+0.0%	13.0M	0.00 YoY-100.0%	6.00M YoY-57.1%	14.0M YoY+133.3%
Current lease liability	126M YoY+7.7%	117M YoY+0.9%	116M YoY-7.2%	125M YoY-6.0%	133M YoY-1.5%
Other current liabilities	1.46B YoY+0.3%	1.45B YoY-18.5%	1.78B YoY-23.6%	2.33B YoY+19.9%	1.94B YoY-6.8%
	40.0B YoY+2.7%	39.0B YoY-4.1%	40.6B YoY-2.5%	41.6B YoY-5.2%	43.9B YoY-11.4%
Long-term debt	13.6B YoY+0.0%	13.6B YoY+0.0%	13.6B YoY+0.0%	13.6B YoY+0.0%	13.6B YoY+0.0%
Non-current lease liability	427M YoY-8.0%	464M YoY-7.4%	501M YoY-14.4%	585M YoY+20.9%	484M YoY+1.9%
Deferred tax liabilities	9.02B YoY-6.8%	9.68B YoY-5.1%	10.2B YoY+0.5%	10.2B YoY-3.6%	10.5B YoY-8.1%
Other non-current liabilities	1.43B YoY+9.8%	1.31B YoY-7.9%	1.42B YoY-11.9%	1.61B YoY+4.3%	1.54B YoY-11.6%
Total non-current liabilities	18.1B YoY+0.0%	18.1B YoY+0.0%	18.1B YoY+0.0%	18.1B YoY+0.0%	18.1B YoY+0.0%
	41.7B YoY-15.3%	49.2B YoY-0.7%	49.5B YoY+1.7%	48.7B YoY-1.3%	49.3B YoY-1.6%
Preferred stock	8.32B YoY+0.0%	8.32B YoY+0.0%	8.32B YoY+0.0%	8.32B YoY+0.0%	8.32B YoY+0.0%
Common stock	12.0M YoY+0.0%	12.0M YoY+0.0%	12.0M YoY+0.0%	12.0M YoY+0.0%	12.0M YoY+0.0%
Additional paid-in capital	51.3B YoY-1.6%	52.1B YoY+0.2%	52.0B YoY+0.4%	51.8B YoY-2.9%	53.4B YoY-3.1%
Retained earnings	-4.63B YoY-313.2%	2.17B YoY+58.8%	1.37B YoY+179.6%	489M YoY+129.1%	-1.68B YoY+37.6%
Treasury stock	2.64B YoY+18.8%	2.22B YoY+72.5%	1.29B YoY+51.8%	847M YoY+44.3%	587M YoY+70.6%
Accumulated other comprehensive income	-2.37B YoY+18.7%	-2.92B YoY-11.9%	-2.60B YoY+7.3%	-2.81B YoY-54.1%	-1.82B YoY+7.3%
Non-controlling interest	113M YoY-15.7%	134M YoY-17.3%	162M YoY+6.6%	152M YoY+1.3%	150M YoY+7.1%
Total equity incl. non-controlling	41.8B YoY-15.3%	49.3B YoY-0.7%	49.7B YoY+1.8%	48.8B YoY-1.2%	49.4B YoY-1.6%
Total liabilities & equity	81.8B YoY-7.4%	88.3B YoY-2.3%	90.3B YoY-0.2%	90.5B YoY-3.1%	93.4B YoY-6.4%
Common shares issued	1.26B YoY+0.2%	1.25B YoY+0.4%	1.25B YoY+0.5%	1.24B YoY+0.6%	1.24B YoY+0.6%
Common shares outstanding	1.18B YoY-0.9%	1.20B YoY-1.9%	1.22B YoY-0.6%	1.23B YoY+0.1%	1.22B YoY+0.1%
Shares outstanding (cover)	1.18B YoY-2.1%	1.21B YoY-1.4%	1.23B YoY+0.1%	1.22B YoY-0.0%	1.23B YoY+0.2%
Cash Flow	as ofDec 27 ’25	as ofDec 28 ’24	as ofDec 30 ’23	as ofDec 31 ’22	as ofDec 25 ’21
	4.46B YoY+6.6%	4.18B YoY+5.2%	3.98B YoY+61.0%	2.47B YoY-54.0%	5.36B YoY+8.8%
Depreciation & amortization	968M YoY+2.1%	948M YoY-1.4%	961M YoY+3.0%	933M YoY+2.5%	910M YoY-6.1%
Share-based compensation	95.0M YoY-12.8%	109M YoY-22.7%	141M YoY-4.7%	148M YoY-24.9%	197M YoY+26.3%
Deferred income taxes	-495M YoY+82.7%	-2.86B YoY-16905.9%	17.0M YoY+106.1%	-278M YoY+73.3%	-1.04B YoY-203.8%
Change in receivables	55.0M YoY-60.4%	139M YoY+872.2%	-18.0M YoY-107.9%	228M YoY+362.1%	-87.0M YoY-434.6%
Change in inventory	-133M YoY-2316.7%	6.00M YoY-94.3%	106M YoY-90.5%	1.12B YoY+678.5%	144M YoY-42.2%
Change in payables	-97.0M YoY+68.5%	-308M YoY-4.4%	-295M YoY-294.1%	152M YoY-62.7%	408M YoY+97.1%
Other operating activities	-3.00M YoY+93.5%	-46.0M YoY-122.2%	207M YoY+3057.1%	-7.00M YoY+96.3%	-187M YoY-246.3%
	-1.83B YoY-79.2%	-1.02B YoY-11.7%	-916M YoY+16.0%	-1.09B YoY-127.0%	4.04B YoY+873.6%
Capital expenditure	801M YoY-21.8%	1.02B YoY+1.1%	1.01B YoY+10.6%	916M YoY+1.2%	905M YoY+51.8%
Acquisitions	—	0.00	0.00 YoY-100.0%	481M YoY+550.0%	74.0M
Other investing activities	3.00M YoY+102.3%	-133M YoY-37.1%	-97.0M YoY-870.0%	-10.0M YoY+67.7%	-31.0M YoY+36.7%
	-1.25B YoY+58.4%	-3.01B YoY-12.3%	-2.68B YoY+27.9%	-3.71B YoY+60.3%	-9.34B YoY-180.5%
Long-term debt repaid	678M YoY+9.7%	618M YoY-27.1%	848M YoY-42.1%	1.47B YoY-76.4%	6.20B YoY+32.0%
Common stock repurchased	436M YoY-55.9%	988M YoY+117.1%	455M YoY+62.5%	280M YoY+3.3%	271M
Dividends paid	1.90B YoY-1.7%	1.93B YoY-1.7%	1.97B YoY+0.3%	1.96B YoY+0.1%	1.96B YoY+0.1%
Other financing activities	141M YoY+316.9%	-65.0M YoY+3.0%	-67.0M YoY-252.6%	-19.0M YoY-258.3%	12.0M YoY+120.0%
FX effect on cash	80.0M YoY+212.7%	-71.0M YoY-273.7%	-19.0M YoY+72.5%	-69.0M YoY-130.0%	-30.0M YoY-148.4%
Net change in cash	1.46B YoY+1678.0%	82.0M YoY-77.4%	363M YoY+115.1%	-2.40B YoY-8689.3%	28.0M YoY-97.5%
Interest paid	903M YoY-0.3%	906M YoY+1.1%	896M YoY-4.4%	937M YoY-21.7%	1.20B YoY-7.0%
Income taxes paid	721M YoY-25.4%	967M YoY+3.8%	932M YoY-26.0%	1.26B YoY-2.7%	1.29B YoY+26.1%
Valuation Ratios	as ofDec 27 ’25	as ofDec 28 ’24	as ofDec 30 ’23	as ofDec 31 ’22	as ofDec 25 ’21
Market cap	28.6B YoY-23.0%	37.1B YoY-18.2%	45.4B YoY-9.0%	49.9B YoY+15.5%	43.2B YoY+1.0%
P/E	—	27.1× YoY+78.1%	15.2× YoY-62.9%	41.0× YoY+119.1%	18.7×
P/S	1.1× YoY-20.1%	1.4× YoY-15.1%	1.7× YoY-13.5%	1.9× YoY+17.7%	1.6× YoY-1.0%
P/B	0.7× YoY-10.2%	0.8× YoY-16.7%	0.9× YoY-11.0%	1.0× YoY+20.3%	0.9× YoY-0.9%
P/FCF	7.9× YoY-33.4%	11.8× YoY-34.8%	18.1× YoY+28.9%	14.0× YoY+4.2%	13.5× YoY+35.8%
Earnings yield	—	3.7% YoY-43.9%	6.6% YoY+169.9%	2.4% YoY-54.4%	5.3%
FCF yield	12.7% YoY+50.1%	8.5% YoY+53.3%	5.5% YoY-22.4%	7.1% YoY-4.0%	7.4% YoY-26.3%
Dividend yield	6.6% YoY+27.1%	5.2% YoY+20.5%	4.3% YoY+10.1%	3.9% YoY-13.4%	4.5% YoY-0.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: KHC's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all KHC filings on SEC EDGAR → Not investment advice.

KHC▼ financial statements

About this data

financial statements