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Packaged-food and condiments company behind Kraft, Heinz, Oscar Mayer and Philadelphia cream cheese.
Packaged-food and condiments company behind Kraft, Heinz, Oscar Mayer and Philadelphia cream cheese.
Sells through grocery retailers and foodservice distributors, so its brand strength is tested by retailers' own-label products and shelf promotions. Formed in 2015 by combining Kraft and Heinz, backed by Berkshire Hathaway and 3G Capital, it has since sold off weaker brands and cut costs.
Moat: narrow (brand, scale, distribution). Iconic legacy brands and retail-shelf presence, though facing private-label and health-trend pressure.
Headquarters: Pittsburgh/Chicago, US · Founded: 2015 · Employees: 35,000
Size Kraft Heinz (KHC) is a United States Consumer Staples company (Food: Major Diversified) with a market value of $29.2B, the 376th largest of 3,117 United States companies the cockpit tracks. Shares closed at $24.61 on 6 Nov 2026.
Performance Over six months the shares gained 4.6%, against +4.5% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 1.5% over the last twelve months (peer median +5.1%); the operating margin is 16.6% (peer median 11.3%).
Valuation It trades at 12.5× forward earnings against a peer median of 16.8× (5th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.2 points above its cost of capital (6.0% WACC).
Credit Kraft Heinz has 17 bonds outstanding ($12.4B), rated BBB by the agencies and trading like BBB at a weighted spread of 106 bp.
Short interest Short interest is 8.2% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $24.8B | $24.9B | $25.8B | $26.6B | $26.5B |
| Revenue growth | — | -3% | -3% | +1% | — |
| Gross profit | $8.99B | $8.38B | $8.99B | $9.06B | $8.07B |
| EBITDA | $5.13B | $5.68B | $6.34B | $6.34B | $5.47B |
| Net income | -$3.47B | -$5.85B | $2.74B | $2.85B | $2.36B |
| Free cash flow | $3.53B | $3.66B | $3.16B | $2.96B | $1.55B |
| Capital expenditure | $804M | $801M | $1.16B | $1.01B | $916M |
| Total debt | $18.0B | $21.8B | $20.4B | $20.6B | $20.8B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Kraft Heinz KHC | $29.2B | +5% | -2% | 17% | 12.5× | -3.9% |
| General Mills GIS | $19.0B | +2% | -4% | 15% | 11.4× | -6.7% |
| Conagra Brands CAG | $7.28B | +8% | -2% | 11% | 10.6× | -4.9% |
| Campbell's CPB | $6.90B | +11% | -5% | 11% | 13.7× | -3.6% |
| Mondelez International MDLZ | $83.6B | +8% | +6% | 18% | 19.9× | -2.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KHC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.5% | +7.4% | 7th highest of 21 |
| 6-month return | +4.6% | +4.5% | 11th highest of 21 |
| Distance from 52-week high | -12.4% | -22.2% | 7th highest of 21 |
| Revenue growth (TTM) | -1.5% | +5.1% | 5th lowest of 21 |
| Operating margin | 16.6% | 11.3% | 7th highest of 21 |
| Forward P/E | 12.5× | 16.8× | 5th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -3.9% | 1.0% | 7th least demanding of 19 |
| Growth delivered (Del g) | -1.0% | +3.7% | 3rd lowest of 19 |
| Hurdle (Req g minus delivered) | -2.9 pp | +0.1 pp | 9th least demanding of 19 |
| ROIC minus cost of capital | +0.2 pp | +6.2 pp | 6th lowest of 21 |
| EV / EBITDA | 8.9× | 10.9× | 5th cheapest of 14 |
| Net debt / EBITDA | 3.1× | 0.8× | 6th most indebted of 15 |
| Bond spread | 106 bp | 88 bp | 2nd widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kraft Heinz KHC | United States | $29.2B | +5% | -2% | 17% | 12.5× | -3.9% | -1.0% |
| Nestle India NESTLEIND.NS | India | $26.0B | -13% | +22% | 21% | 59.4× | 36.6% | +11.7% |
| Yihai Kerry Arawana 300999.SZ | China | $21.3B | -8% | +2% | 1% | 37.3× | n/a | n/a |
| General Mills GIS | United States | $19.0B | +2% | -4% | 15% | 11.4× | -6.7% | +0.3% |
| Associated British Foods ABF.L | United Kingdom | $18.7B | +11% | +1% | 7% | 13.5× | 7.8% | +7.1% |
| Conagra Brands CAG | United States | $7.28B | +8% | -2% | 11% | 10.6× | -4.9% | +0.2% |
| SamyangFood 003230.KS | South Korea | $6.70B | -9% | +38% | 23% | 16.3× | -6.6% | +29.4% |
| CSPC Innovation Pharmaceutical 300765.SZ | China | $6.48B | +14% | +117% | 26% | 40.6× | 13.9% | +10.5% |
| Hebei Yangyuan Zhihui Beverage 603156.SS | China | $6.06B | -15% | +12% | 28% | 26.5× | 9.9% | +3.9% |
| Kewpie 2809.T | Japan | $4.07B | +11% | +4% | 7% | 24.2× | 0.6% | -0.7% |
| Nestle NESN.SW | Switzerland | $266B | +11% | -2% | 16% | 19.0× | 1.3% | +1.2% |
| Olam VC2.SI | Singapore | $2.55B | -29% | -40% | 2% | 17.6× | -3.7% | -3.7% |
| Chagee Holdings Limited Unsponsored ADR CHA | United States | $2.44B | +19% | 0% | 11% | 7.9× | -4.1% | +190.8% |
| ITO EN,Ltd 2593.T | Japan | $2.12B | +14% | +5% | 5% | 26.0× | n/a | n/a |
| Dongsuh 026960.KS | South Korea | $2.06B | +6% | +6% | 8% | n/a | 16.2% | +1.6% |
| Yihai International 1579.HK | Hong Kong | $2.02B | +3% | +11% | 18% | 14.2× | 6.8% | +3.6% |
| Yankershop Food 002847.SZ | China | $1.64B | -30% | 0% | 14% | 14.6× | 2.9% | +24.1% |
| Herbalife HLF | United States | $1.60B | +7% | +6% | 9% | 5.4× | -14.8% | -1.9% |
| Zydus Wellness ZYDUSWELL.NS | India | $1.58B | -7% | +74% | 9% | 41.0× | 32.3% | +16.2% |
| Cheng De Lolo 000848.SZ | China | $1.18B | -11% | +5% | 24% | 12.6× | -10.8% | +11.3% |
| S&B Foods 2805.T | Japan | $1.16B | +53% | +7% | 9% | 16.8× | -1.8% | +2.5% |
Kraft Heinz has 17 bonds outstanding with $12.4B face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 6.07%, a spread of 106 bp over government bonds.