Kraft Heinz (KHC) FY2024 results: revenue $25.8 billion, down 3.0% on the year
Kraft Heinz Co. (KHC) reported revenue of $25.8 billion for fiscal 2024, the year ended 28 December 2024, down 3.0% on the year before. Net income was $2.7 billion, down 3.9%, and diluted earnings per share $2.26. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$25.8 billion
-3.0% on the year
FY2017FY2024
Operating margin
6.5%
17.2% a year earlier
FY2017FY2024
Net income
$2.7 billion
-3.9% on the year
FY2017FY2024
Diluted EPS
$2.26
-2.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,184
3,976
2,469
+5.2%
Capital expenditure
1,024
1,013
916
+1.1%
Free cash flow
3,160
2,963
1,553
+6.6%
Free cash flow margin
12.2%
11.1%
5.9%
Cash from investing
-1,023
-916
-1,091
Cash from financing
-3,008
-2,678
-3,714
Depreciation and amortisation
948
961
933
-1.4%
Share-based compensation
109
141
148
-22.7%
Buybacks
988
455
280
+117.1%
Dividends paid
1,931
1,965
1,960
-1.7%
Dividend per share
$1.60
$1.60
$1.60
0.0%
Diluted shares, weighted
1,215m
1,235m
1,235m
-1.6%
Shares outstanding at period end
1,195m
1,218m
1,225m
-1.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
49,185
49,526
48,678
-0.7%
Non-controlling interest
134
162
152
-17.3%
Redeemable equity
6.0
34.0
40.0
-82.4%
Debt
19,869
20,032
20,070
-0.8%
Operating lease liabilities
464
501
585
-7.4%
Finance lease liabilities
126
118
93.0
+6.8%
Other liabilities
18,503
19,966
20,895
-7.3%
Total liabilities and equity
88,287
90,339
90,513
-2.3%
Goodwill
28,673
30,459
30,833
-5.9%
Intangible assets
40,099
42,448
42,649
-5.5%
Investments
0.0
n/a
n/a
Cash and equivalents
1,334
1,400
1,040
-4.7%
Receivables
2,147
2,112
2,120
+1.7%
Inventory
3,376
3,614
3,651
-6.6%
Other assets
12,658
10,306
10,220
+22.8%
Total assets
88,287
90,339
90,513
-2.3%
10-K for the year ended 28 December 2024, filed 13 February 2025: the filing.