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Global snacks company behind Oreo, Cadbury chocolate, Ritz crackers and Trident gum.
Global snacks company behind Oreo, Cadbury chocolate, Ritz crackers and Trident gum.
Sells branded snacks to grocers and wholesalers worldwide, with most sales outside North America and a large share from emerging markets. It was created in 2012 when Kraft Foods split in two, taking the snacking side, and had widened its range earlier through the 2010 Cadbury purchase.
Moat: narrow (brand, scale, distribution). Globally recognized snack brands with strong emerging-market distribution reach.
Headquarters: Chicago, Illinois, US · Founded: 2012 · Employees: 91,000
Size Mondelez International (MDLZ) is a United States Consumer Staples company (Food: Specialty/Candy) with a market value of $83.6B, the 163rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $66.02 on 6 Nov 2026.
Performance Over six months the shares gained 8.2%, against -7.6% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 6 in its peer set.
Growth Revenue grew 6.0% over the last twelve months (peer median +6.4%); the operating margin is 18.3% (peer median 16.5%).
Valuation It trades at 19.9× forward earnings against a peer median of 28.2× (3rd cheapest of 6).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.8 points above its cost of capital (6.4% WACC).
Credit Mondelez International has 30 bonds outstanding ($16.4B), rated BBB by the agencies and trading like A at a weighted spread of 77 bp.
Short interest Short interest is 2.2% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $39.9B | $38.5B | $36.4B | $36.0B | $31.5B |
| Revenue growth | — | +6% | +1% | +14% | — |
| Gross profit | $15.2B | $12.0B | $12.2B | $13.3B | $10.9B |
| EBITDA | $8.70B | $6.24B | $6.63B | $6.88B | $4.92B |
| Net income | $4.08B | $2.45B | $4.61B | $4.96B | $2.72B |
| Free cash flow | $3.66B | $3.23B | $3.52B | $3.60B | $3.00B |
| Capital expenditure | $1.34B | $1.28B | $1.39B | $1.11B | $906M |
| Total debt | $22.3B | $22.0B | $18.5B | $20.1B | $23.6B |
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 |
|---|---|---|---|---|---|---|
| Mondelez International MDLZ | $83.6B | +8% | +6% | 18% | 19.9× | -2.7% |
| Nestle NESN.SW | $266B | +11% | -2% | 16% | 19.0× | 1.3% |
| Hershey Company (The) HSY | $35.8B | -3% | +7% | 20% | 19.2× | -5.0% |
| PepsiCo PEP | $193B | -8% | +6% | 16% | 16.6× | -5.5% |
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 | MDLZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.8% | +9.6% | 3rd lowest of 6 |
| 6-month return | +8.2% | -7.6% | highest of 6 |
| Distance from 52-week high | -4.0% | -25.1% | highest of 6 |
| Revenue growth (TTM) | +6.0% | +6.4% | 3rd lowest of 6 |
| Operating margin | 18.3% | 16.5% | 3rd highest of 6 |
| Forward P/E | 19.9× | 28.2× | 3rd cheapest of 6 |
| Growth the price implies (Req g, 7 yrs) | -2.7% | 3.4% | 3rd least demanding of 6 |
| Growth delivered (Del g) | +7.7% | +7.5% | 3rd highest of 6 |
| Hurdle (Req g minus delivered) | -10.4 pp | -4.7 pp | 3rd least demanding of 6 |
| ROIC minus cost of capital | +5.8 pp | +13.1 pp | 2nd lowest of 6 |
| EV / EBITDA | 12.0× | 14.7× | 2nd cheapest of 5 |
| Net debt / EBITDA | 2.4× | 1.4× | most indebted of 5 |
| Bond spread | 77 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Mondelez International MDLZ | United States | $83.6B | +8% | +6% | 18% | 19.9× | -2.7% | +7.7% |
| PepsiCo PEP | United States | $193B | -8% | +6% | 16% | 16.6× | -5.5% | +5.9% |
| Hershey Company (The) HSY | United States | $35.8B | -3% | +7% | 20% | 19.2× | -5.0% | +7.5% |
| Foshan Haitian Flavouring and Food 603288.SS | China | $29.8B | -7% | +6% | 27% | 28.9× | 7.6% | +4.9% |
| Ajinomoto 2802.T | Japan | $25.3B | -16% | +7% | 11% | 29.4× | 19.2% | +8.1% |
| Chocoladefabriken Lindt & Spruengli LISN.SW | Switzerland | $24.6B | -8% | +4% | 16% | 28.2× | 3.4% | +8.1% |
Mondelez International has 30 bonds outstanding with $16.4B face value. The agencies rate it BBB; its bonds trade like A. Weighted yield 4.74%, a spread of 77 bp over government bonds.