KHC The Kraft Heinz Company - Common Stock
About The Kraft Heinz Company - Common Stock Company overview from Wikipedia
The Kraft Heinz Company, commonly known as Kraft Heinz, is an American multinational food company formed on July 2, 2015, through the merger of Kraft Foods Group and the H.J. Heinz Company. It is co-headquartered in Chicago and Pittsburgh and manufactures and markets packaged foods and beverages under brands including Kraft, Heinz, Oscar Mayer, Philadelphia, Lunchables, Velveeta, Maxwell House, and Jell-O. In fiscal 2025, the company reported net sales of US$24.9 billion and employed approximately 35,000 people in 40 countries.
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The Kraft Heinz Company, commonly known as Kraft Heinz, is an American multinational food company formed on July 2, 2015, through the merger of Kraft Foods Group and the H.J. Heinz Company. It is co-headquartered in Chicago and Pittsburgh and manufactures and markets packaged foods and beverages under brands including Kraft, Heinz, Oscar Mayer, Philadelphia, Lunchables, Velveeta, Maxwell House, and Jell-O. In fiscal 2025, the company reported net sales of US$24.9 billion and employed approximately 35,000 people in 40 countries.
Since the merger, Kraft Heinz has made an unsuccessful takeover approach for Unilever, recorded large brand write-downs, faced an accounting investigation by the U.S. Securities and Exchange Commission, and reshaped its portfolio through acquisitions and divestitures. In September 2025, the company announced a proposed separation into two publicly traded companies. Its board paused work on the separation in February 2026, and Kraft Heinz said in May 2026 that the timing and completion of the proposal remained uncertain.
History
Formation and early years
In March 2015, the boards of Kraft Foods Group and H.J. Heinz agreed to merge, subject to shareholder and regulatory approval. The transaction was completed on July 2, 2015, creating The Kraft Heinz Company. At the time it was announced, the combined company was described as the world's fifth-largest food and beverage company.
In February 2017, Kraft Heinz made a $143 billion takeover approach for the British-Dutch consumer-goods company Unilever. Unilever rejected the proposal, and Kraft Heinz abandoned the approach two days later.
Kraft Heinz subsequently acquired Cerebos Pacific in March 2018 and Primal Kitchen in January 2019. The acquisitions cost $244 million and $201 million, respectively.
Accounting investigation and portfolio changes
In February 2019, Kraft Heinz announced a $15.4 billion write-down of its Kraft and Oscar Mayer brands, cut its dividend, and disclosed that the U.S. Securities and Exchange Commission (SEC) had opened an investigation into its accounting practices. Miguel Patricio replaced Bernardo Hees as chief executive on June 25, 2019. In 2021, the company agreed to pay $62 million to settle SEC charges related to the accounting practices.
From 2020 through 2022, Kraft Heinz sold a large part of its cheese business to Lactalis and its nuts business, including Planters, to Hormel. It also acquired Assan Foods, Hemmer, and a majority stake in the German spice company Just Spices.
Proposed separation
On September 2, 2025, Kraft Heinz announced a plan to separate into two independent, publicly traded companies through a spin-off intended to be tax-free. One proposed company would focus on sauces, spreads, seasonings, and shelf-stable meals, while the other would focus on certain North American grocery staples. The company said the final names of the proposed businesses had not been determined.
In December 2025, Kraft Heinz announced that Steve Cahillane would succeed Carlos Abrams-Rivera as chief executive and that John T. Cahill would become chair of the board, both effective January 1, 2026. On February 11, 2026, the board paused work on the separation. In its May 2026 quarterly report, Kraft Heinz said the timing and completion of the proposal remained uncertain.
Brands
As of 2023, a partial list of global brands included in the Kraft Heinz portfolio:
Kraft and Heinz:
Kraft Dinner
Kraft Parmesan Cheese
Kraft Peanut Butter (Canada)
Heinz Corned Beef (Africa and the Middle East)
Heinz Ketchup
Other:
Finance
For the fiscal year 2017, Kraft Heinz reported earnings of US$11.0 billion, with annual revenue of US$26.2 billion, a decline of 0.6% over the previous fiscal cycle. Kraft Heinz's shares traded at over $61 per share, and its market capitalization was valued at over US$136 billion in September 2018.
In February 2019, shares in Kraft Heinz fell to a record low of under $35 after the company reported a $10.2bn loss for the previous year as the company announced that it would take a $15.4 billion writedown of its Kraft and Oscar Mayer brands, cut its dividend, and acknowledged that the U.S. Securities and Exchange Commission had opened a probe into its accounting practices. In August 2019, Kraft Heinz announced a further $1.22 billion in writedowns, as well as the return of its former CFO, Paulo Basilio, who held the position until 2017, to replace David Knopf, saying that it wanted a "seasoned veteran" following a series of accounting errors.
On February 21, 2019, Kraft Heinz reported that it received a Securities and Exchange Commission (SEC) subpoena in October that aimed to look into the company's accounting policies and internal controls. Kraft Heinz also announced that it cut its dividend from 62.5 cents a share to 40 cents. The company also announced a goodwill impairment charge that wrote down the value of the company's Kraft and Oscar Mayer brands of $15.4 billion in the fourth quarter, which resulted in a net loss of $12.61 billion. The all-resulting news made the company's stock crash more than 20% in after-hours trading. The stock plunge resulted in Berkshire Hathaway, the largest stockowner, recording a write down of $3 billion and a stock value loss of $4.3 billion just a day before Berkshire Hathaway's quarterly earnings and annual report to investors.
In September 2020, Kraft Heinz announced its new enterprise strategy, including plans to cut $2 billion in costs over five years, resulting in an estimated generation of 4% to 6% adjusted earnings per share growth. The announcement resulted in multiple stock upgrades by CFRA and Guggenheim due to the renewed positive financial outlook of the company.
In September 2021, Kraft Heinz was fined $62m to settle the U.S. Securities and Exchange Commission probe into an improper claim of $200m in cost savings. The $200 million in "bogus cost savings" (reportedly from merger) forced the company to restate its financial results for the years 2015 through 2018.
Animal welfare
In 2017, Kraft Heinz committed to making a number of improvements to the welfare of broiler chickens in their supply chains by 2024. These included commitments to source chickens from high welfare breeds, provide birds with more space, and implement third-party monitoring.
In 2019, Kraft Heinz made an updated pledge to comply with the European Chicken Commitment, an animal welfare standard, for 100% of the chickens in its supply chain, by 2026.
In 2021, the BBFAW, an animal welfare monitoring organization, gave Kraft Heinz a rating that indicated it had established animal welfare practices but still has room to grow. At that time, according to Kraft Heinz, 70% of the chickens in the company's supply chain were cage-free or free-range.
Controversies
In 2017, the claim that the Kraft Parmesan Cheese label was misleading was rejected by judges. The label reads "Kraft 100% Grated Parmesan Cheese". It was argued that a "reasonable consumer" would know the product could not be 100% cheese, as any dairy product degrades quickly without preservatives.
On December 1, 2023, a federal jury in Illinois awarded $17.8 million to several large food companies, including Kraft Heinz, in a lawsuit against Cal-Maine Foods, Inc. and others over allegations of egg price fixing. Cal-Maine Foods, contesting the verdict, insists on its innocence and the absence of wrongdoing in its business practices.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
KHC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
KHC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 5, 2026 | $0.4000 |
| March 6, 2026 | $0.4000 |
| Nov. 28, 2025 | $0.4000 |
| Aug. 29, 2025 | $0.4000 |
| May 30, 2025 | $0.4000 |
| March 7, 2025 | $0.4000 |
| Nov. 29, 2024 | $0.4000 |
| Aug. 30, 2024 | $0.4000 |
| June 6, 2024 | $0.4000 |
| March 7, 2024 | $0.4000 |
| Nov. 30, 2023 | $0.4000 |
| Aug. 31, 2023 | $0.4000 |
| June 5, 2023 | $0.4000 |
| March 9, 2023 | $0.4000 |
| Nov. 23, 2022 | $0.4000 |
| Aug. 25, 2022 | $0.4000 |
| May 26, 2022 | $0.4000 |
| March 10, 2022 | $0.4000 |
| Nov. 24, 2021 | $0.4000 |
| Aug. 31, 2021 | $0.4000 |
KHC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 2 7.1%
- Buy 0 0.0%
- Hold 17 60.7%
- Sell 7 25.0%
- Strong Sell 2 7.1%
12-Month Price Target
17 analysts · 2026-08-20Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.56 | $0.53 | 0.03% |
| March 31, 2026 | $0.58 | $0.51 | 0.07% |
| Dec. 31, 2025 | $0.67 | $0.62 | 0.05% |
| Sept. 30, 2025 | $0.61 | $0.58 | 0.03% |
| June 30, 2025 | $0.69 | $0.64 | 0.05% |
| March 31, 2025 | $0.62 | $0.61 | 0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| KHC | $28.57B | -4.9 | -3.5% | -23.4% | -12.9% | 33.3% |
| MDLZ | $68.99B | 28.5 | 5.8% | 6.4% | 9.3% | 28.4% |
| HSY | $36.91B | 91.4 | 4.4% | 7.5% | 19.3% | 33.6% |
| GIS | — | -211.3 | -5.5% | -0.48% | -1.1% | — |
| TSN | — | 40.7 | 2.1% | 0.87% | 2.6% | 6.5% |
| MKC | $1.01B | 23.0 | 1.7% | 11.5% | 14.3% | 37.9% |
| HRL | — | 27.4 | 1.6% | 4.0% | 6.0% | 15.6% |
| SJM | $10.46B | -75.4 | 3.7% | -1.5% | -2.4% | 33.5% |
| SFD | $8.82B | 8.9 | 9.8% | 6.4% | 15.6% | 13.5% |
| CAG | $7.76B | -3.3 | -2.9% | -17.0% | -26.5% | 23.9% |
| PPC | $9.46B | 8.8 | 3.5% | 5.9% | 27.3% | 12.8% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.94B | $25.85B | $26.64B | $26.48B | $26.04B | $26.18B | $24.98B | $26.27B | $26.08B | |
| Cost of Revenue | $16.63B | $16.88B | $17.71B | $18.36B | $17.36B | $17.01B | $16.83B | $17.35B | $17.04B | |
| Gross Profit | $8.31B | $8.97B | $8.93B | $8.12B | $8.68B | $9.18B | $8.15B | $8.92B | $9.03B | |
| R&D Expense | $167M | $150M | $147M | $127M | $140M | $119M | $112M | $109M | $93M | |
| SG&A Expense | $12.98B | $7.29B | $4.35B | $4.49B | $5.22B | $7.05B | $5.08B | $19.13B | $2.98B | |
| Operating Income | $-4.67B | $1.68B | $4.57B | $3.63B | $3.46B | $2.13B | $3.07B | $-10.21B | $6.06B | |
| Interest Expense | $947M | $912M | $912M | $921M | $2.05B | $1.39B | $1.36B | $1.28B | $1.23B | |
| Interest Income | $122M | $69M | $40M | $27M | $15M | $27M | $36M | $35M | $43M | |
| Other Non-op | $171M | $85M | $-27M | $253M | $295M | $296M | $952M | $168M | $627M | |
| Pretax Income | $-5.45B | $856M | $3.63B | $2.97B | $1.71B | $1.03B | $2.66B | $-11.32B | $5.45B | |
| Income Tax | $403M | $-1.89B | $787M | $598M | $684M | $669M | $728M | $-1.07B | $-5.48B | |
| Net Income | $-5.85B | $2.74B | $2.85B | $2.36B | $1.01B | $356M | $1.94B | $-10.19B | $10.94B | |
| EPS (Basic) | $-4.93 | $2.27 | $2.33 | $1.93 | $0.83 | $0.29 | $1.59 | $-8.36 | $8.98 | |
| EPS (Diluted) | $-4.93 | $2.26 | $2.31 | $1.91 | $0.82 | $0.29 | $1.58 | $-8.36 | $8.91 | |
| Shares (Basic) | 1,187,000,000 | 1,210,000,000 | 1,227,000,000 | 1,226,000,000 | 1,224,000,000 | 1,223,000,000 | 1,221,000,000 | 1,219,000,000 | 1,218,000,000 | |
| Shares (Diluted) | 1,187,000,000 | 1,215,000,000 | 1,235,000,000 | 1,235,000,000 | 1,236,000,000 | 1,228,000,000 | 1,224,000,000 | 1,219,000,000 | 1,228,000,000 | |
| EBITDA | $-3.70B | $2.63B | $5.53B | $4.57B | $4.37B | $3.10B | $4.06B | $-9.24B | $7.81B |
Balance Sheet 29
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.62B | $1.33B | $1.40B | $1.04B | $3.44B | $3.42B | $2.28B | $1.13B | $1.63B | |
| Short-term Investments | $1.06B | $0 | · | · | · | · | · | · | · | |
| Receivables | $2.25B | $2.15B | $2.11B | $2.12B | $1.96B | $2.06B | $1.97B | $2.13B | $921M | |
| Inventory | $3.17B | $3.38B | $3.61B | $3.65B | $2.73B | $2.77B | $2.72B | $2.67B | $2.76B | |
| Prepaid Expense | $291M | $215M | $234M | $240M | $136M | $132M | $384M | $400M | $345M | |
| Other Current Assets | $588M | $583M | $569M | $842M | $716M | $574M | $618M | $1.22B | $655M | |
| Current Assets | $10.13B | $7.66B | $7.93B | $7.90B | $8.99B | $10.82B | $8.10B | $9.07B | $7.20B | |
| PP&E (Net) | · | · | · | · | · | · | $7.05B | $7.08B | $7.06B | |
| PP&E (Gross) | · | · | · | · | · | · | $10.24B | $9.66B | $9.15B | |
| Accum. Depreciation | · | · | · | · | · | · | $3.19B | $2.58B | $2.09B | |
| Goodwill | $22.18B | $28.67B | $30.46B | $30.83B | $31.30B | $33.09B | $35.55B | $36.50B | $44.83B | |
| Intangibles | $37.53B | $40.10B | $42.45B | $42.65B | $43.54B | $46.67B | $48.65B | $49.47B | $59.43B | |
| Other Non-current Assets | $4.63B | $4.71B | $2.38B | $2.39B | $2.76B | $2.38B | $2.10B | $1.34B | $1.57B | |
| Total Assets | $81.79B | $88.29B | $90.34B | $90.51B | $93.39B | $99.83B | $101.45B | $103.46B | $120.09B | |
| Short-term Debt | · | · | $0 | $6M | $14M | $6M | $6M | $21M | $462M | |
| Current Liabilities | $8.78B | $7.25B | $8.04B | $9.03B | $9.06B | $8.06B | $7.88B | $7.50B | $10.15B | |
| Capital Leases | $427M | $464M | $501M | $585M | $484M | $475M | $454M | · | · | |
| Deferred Tax | $9.02B | $9.68B | $10.20B | $10.15B | $10.54B | $11.46B | $11.88B | $12.20B | $14.04B | |
| Other Non-current Liabilities | $1.43B | $1.31B | $1.42B | $1.61B | $1.54B | $1.75B | $1.46B | $902M | $1.09B | |
| Total Liabilities | $40.00B | $38.96B | $40.62B | $41.64B | $43.94B | $49.59B | $49.70B | $51.68B | $54.02B | |
| Total Debt | · | · | $0 | $6M | $14M | $6M | $6M | $21M | $460M | |
| Common Stock | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | |
| Paid-in Capital | $51.29B | $52.13B | $52.04B | $51.83B | $53.38B | $55.10B | $56.83B | $58.72B | $58.63B | |
| Retained Earnings | $-4.63B | $2.17B | $1.37B | $489M | $-1.68B | $-2.69B | $-3.06B | $-4.85B | $8.49B | |
| Treasury Stock | $2.64B | $2.22B | $1.29B | $847M | $587M | $344M | $271M | $282M | $224M | |
| AOCI | $-2.37B | $-2.92B | $-2.60B | $-2.81B | $-1.82B | $-1.97B | $-1.89B | $-1.94B | $-1.05B | |
| Stockholders' Equity | $41.66B | $49.19B | $49.53B | $48.68B | $49.30B | $50.10B | $51.62B | $51.66B | $65.86B | |
| Liabilities + Equity | $81.79B | $88.29B | $90.34B | $90.51B | $93.39B | $99.83B | $101.45B | $103.46B | $120.09B | |
| Shares Outstanding | 1,184,000,000 | 1,195,000,000 | 1,218,000,000 | 1,225,000,000 | 1,224,000,000 | 1,223,000,000 | 1,221,000,000 | 1,220,000,000 | 1,219,000,000 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $968M | $948M | $961M | $933M | $910M | $969M | $994M | $983M | $1.03B | |
| Stock-based Comp | $95M | $109M | $141M | $148M | $197M | $156M | $46M | $33M | $46M | |
| Deferred Tax | $-495M | $-2.86B | $17M | $-278M | $-1.04B | $-343M | $-293M | $-1.97B | $-6.50B | |
| Amort. of Intangibles | $246M | $252M | $251M | $261M | $239M | $264M | $286M | $290M | $278M | |
| Other Non-cash | $9.74B | $3.24B | $2M | $-697M | $4.29B | $3.79B | $870M | $13.72B | $-5.09B | |
| Operating Cash Flow | $4.46B | $4.18B | $3.98B | $2.47B | $5.36B | $4.93B | $3.55B | $2.57B | $501M | |
| CapEx | $801M | $1.02B | $1.01B | $916M | $905M | $596M | $768M | $826M | $1.19B | |
| Investing Cash Flow | $-1.83B | $-1.02B | $-916M | $-1.09B | $4.04B | $-522M | $1.51B | $288M | $1.18B | |
| Net Debt Issued | $-678M | $-618M | $-848M | $-1.47B | $-6.20B | $-4.70B | $-4.79B | $-2.71B | $-2.64B | |
| Stock Repurchased | $436M | $988M | $455M | $280M | $271M | · | · | · | · | |
| Net Stock Activity | $-436M | $-988M | $-455M | · | · | · | · | · | · | |
| Dividends Paid | $1.90B | $1.93B | $1.97B | $1.96B | $1.96B | $1.96B | $1.95B | $3.18B | $2.89B | |
| Financing Cash Flow | $-1.25B | $-3.01B | $-2.68B | $-3.71B | $-9.34B | $-3.33B | $-3.91B | $-3.36B | $-4.22B | |
| Net Change in Cash | $1.46B | $82M | $363M | $-2.40B | $28M | $1.14B | $1.14B | $-633M | $-2.49B | |
| Taxes Paid | $721M | $967M | $932M | $1.26B | $1.29B | $1.03B | $974M | $543M | · | |
| Free Cash Flow | $3.66B | $3.16B | $2.96B | $1.55B | $4.46B | $4.33B | $2.78B | $1.75B | $-690M | |
| Levered FCF | $2.64B | $234M | $2.25B | $818M | $3.23B | $3.84B | $1.80B | $585M | $-3.14B |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.3% | 34.7% | 33.5% | 30.7% | 33.3% | 35.0% | 32.6% | 34.0% | 37.0% | |
| Operating Margin | -18.7% | 6.5% | 17.2% | 13.7% | 13.3% | 8.1% | 12.3% | -38.9% | 25.8% | |
| Net Margin | -23.4% | 10.6% | 10.7% | 8.9% | 3.9% | 1.4% | 7.8% | -38.8% | 41.9% | |
| Pretax Margin | -21.8% | 3.3% | 13.6% | 11.2% | 6.6% | 3.9% | 10.7% | -43.1% | 21.1% | |
| EBITDA Margin | -14.8% | 10.2% | 20.8% | 17.2% | 16.8% | 11.8% | 16.3% | -35.2% | 29.8% | |
| ROA | -6.9% | 3.1% | 3.2% | 2.6% | 1.1% | 0.35% | 1.9% | -9.1% | 9.2% | |
| ROE | -12.9% | 5.6% | 5.8% | 4.8% | 2.0% | 0.70% | 3.8% | -17.4% | 17.6% | |
| ROIC | -12.0% | 11.0% | 7.2% | 6.0% | 4.2% | 1.5% | 4.3% | -17.9% | 20.2% |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.1 | 1.0 | 0.9 | 1.0 | 1.3 | 1.0 | 1.2 | 0.7 | |
| Quick Ratio | 0.6 | 0.5 | 0.4 | 0.3 | 0.6 | 0.7 | 0.5 | 0.4 | 0.3 | |
| Debt / Equity | · | · | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Interest Coverage | -4.9 | 1.8 | 5.0 | 3.9 | 1.7 | 1.5 | 2.3 | -8.0 | 5.5 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | |
| Inventory Turnover | 5.1 | 4.8 | 4.9 | 5.8 | 6.3 | 6.4 | 6.2 | 5.9 | 5.6 | |
| Receivables Turnover | 11.3 | 12.1 | 12.6 | 13.0 | 13.0 | 13.0 | 12.2 | 12.6 | 28.2 |
Growth Rates 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -3.5% | -3.0% | 0.59% | 1.7% | -0.55% | · | · | · | · | |
| Revenue CAGR 3Y | -2.0% | -0.25% | 0.58% | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -0.97% | · | · | · | · | · | · | · | · | |
| EPS YoY | · | -2.2% | 20.9% | 132.9% | 182.8% | · | · | · | · | |
| EPS CAGR 3Y | · | 40.2% | 99.7% | · | · | · | · | · | · | |
| Net Income YoY | · | -3.9% | 20.8% | 133.5% | 184.3% | · | · | · | · | |
| Net Income CAGR 3Y | · | 39.4% | 100.2% | · | · | · | · | · | · | |
| Dividend CAGR 5Y | -0.62% | · | · | · | · | · | · | · | · |
Valuation (TTM) 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $24.94B | $25.85B | $26.64B | $26.48B | $26.04B | $26.18B | $24.98B | $26.27B | $26.08B | |
| Net Income TTM | $-5.85B | $2.74B | $2.85B | $2.36B | $1.01B | $356M | $1.94B | $-10.19B | $10.94B | |
| Market Cap | $28.57B | $36.66B | $45.04B | $49.87B | $43.15B | $42.78B | $38.61B | $53.16B | $94.79B | |
| Enterprise Value | · | · | $43.64B | $48.84B | $39.72B | $39.37B | $36.34B | $52.05B | $93.62B | |
| P/E | -4.9 | 13.6 | 16.0 | 21.3 | 43.0 | 120.6 | 20.0 | -5.2 | 8.7 | |
| P/S | 1.1 | 1.4 | 1.7 | 1.9 | 1.7 | 1.6 | 1.5 | 2.0 | 3.6 | |
| P/B | 0.7 | 0.7 | 0.9 | 1.0 | 0.9 | 0.9 | 0.7 | 1.0 | 1.4 | |
| P / Cash Flow | 6.4 | 8.8 | 11.3 | 20.2 | 8.0 | 8.7 | 10.9 | 20.7 | 179.9 | |
| P / FCF | 7.8 | 11.6 | 15.2 | 32.1 | 9.7 | 9.9 | 13.9 | 30.4 | -137.4 | |
| EV / EBITDA | · | · | 7.9 | 10.7 | 9.1 | 12.7 | 8.9 | -5.6 | 12.0 | |
| EV / FCF | · | · | 14.7 | 31.4 | 8.9 | 9.1 | 13.1 | 29.8 | -135.7 | |
| EV / Revenue | · | · | 1.6 | 1.8 | 1.5 | 1.5 | 1.5 | 2.0 | 3.6 | |
| Dividend Yield | 6.6% | 5.3% | 4.4% | 3.9% | 4.5% | 4.6% | 5.1% | 6.0% | 3.0% | |
| Earnings Yield | -20.4% | 7.4% | 6.2% | 4.7% | 2.3% | 0.83% | 5.0% | -19.2% | 11.5% | |
| Payout Ratio | -32.5% | 70.4% | 68.8% | 83.0% | 193.6% | 550.0% | 100.9% | -31.2% | 26.3% | |
| Annual Payout | $1.90B | $1.93B | $1.97B | $1.96B | $1.96B | $1.96B | $1.95B | $3.18B | $2.89B |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.26B | $6.05B | $6.35B | $6.24B | $6.35B | $6.00B | $6.58B | $6.38B | $6.48B | $6.41B | $6.86B | $6.57B | $6.49B | $7.38B | $6.50B | |
| Cost of Revenue | $4.23B | $3.83B | $4.28B | $4.25B | $4.17B | $3.94B | $4.33B | $4.20B | $4.18B | $4.17B | $4.54B | $4.33B | $4.38B | $5.02B | $4.66B | |
| Gross Profit | $2.03B | $2.22B | $2.07B | $1.99B | $2.18B | $2.06B | $2.25B | $2.19B | $2.29B | $2.24B | $2.32B | $2.23B | $2.11B | $2.36B | $1.84B | |
| SG&A Expense | $8.46B | $1.07B | $988M | $965M | $10.16B | $868M | $2.29B | $2.29B | $1.77B | $941M | $1.02B | $1.58B | $870M | $1.14B | $1.09B | |
| Operating Income | $-6.43B | $1.15B | $1.08B | $1.02B | $-7.97B | $1.20B | $-40M | $-101M | $522M | $1.30B | $1.30B | $653M | $1.24B | $1.23B | $751M | |
| Interest Expense | $-31M | $236M | $238M | $240M | $240M | $229M | $227M | $230M | $229M | $226M | $229M | $228M | $227M | $217M | $228M | |
| Interest Income | $40M | $42M | $37M | $34M | $28M | $23M | $20M | $16M | $17M | $16M | $12M | $12M | $6M | $9M | $7M | |
| Other Non-op | $24M | $101M | $51M | $22M | $47M | $51M | $29M | $48M | $55M | $-47M | $-121M | $35M | $35M | $42M | $22M | |
| Pretax Income | $-6.38B | $1.01B | $897M | $807M | $-8.17B | $1.02B | $-238M | $-283M | $348M | $1.03B | $950M | $460M | $1.05B | $1.05B | $545M | |
| Income Tax | $-916M | $211M | $249M | $194M | $-344M | $304M | $-2.37B | $7M | $248M | $225M | $193M | $206M | $214M | $164M | $110M | |
| Net Income | $-5.46B | $798M | $651M | $615M | $-7.82B | $712M | $2.13B | $-290M | $102M | $801M | $757M | $262M | $836M | $890M | $432M | |
| EPS (Basic) | $-4.60 | $0.67 | $0.55 | $0.52 | $-6.60 | $0.60 | $1.77 | $-0.24 | $0.08 | $0.66 | $0.62 | $0.21 | $0.68 | $0.73 | $0.35 | |
| EPS (Diluted) | $-4.60 | $0.67 | $0.56 | $0.52 | $-6.60 | $0.59 | $1.76 | $-0.24 | $0.08 | $0.66 | $0.61 | $0.21 | $0.68 | $0.72 | $0.35 | |
| Shares (Basic) | 1,186,000,000 | 1,185,000,000 | -2,376,000,000 | 1,184,000,000 | 1,185,000,000 | 1,194,000,000 | -2,426,000,000 | 1,210,000,000 | 1,212,000,000 | 1,214,000,000 | -1,000,000 | 1,229,000,000 | 1,226,000,000 | -2,451,000,000 | 1,227,000,000 | |
| Shares (Diluted) | 1,186,000,000 | 1,188,000,000 | -2,382,000,000 | 1,186,000,000 | 1,185,000,000 | 1,198,000,000 | -2,434,000,000 | 1,210,000,000 | 1,216,000,000 | 1,223,000,000 | 0 | 1,235,000,000 | 1,234,000,000 | -2,469,000,000 | 1,235,000,000 | |
| EBITDA | $-6.17B | $1.39B | · | $1.27B | $-7.73B | $1.43B | · | $-101M | $522M | $1.53B | · | $653M | $1.46B | · | $751M |
Balance Sheet 26
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.42B | $3.31B | $2.62B | $2.11B | $1.57B | $2.11B | $1.33B | $1.28B | $900M | $1.63B | · | $1.05B | $826M | · | $997M | |
| Short-term Investments | $262M | $783M | · | $1.02B | $997M | $674M | · | · | · | · | · | · | · | · | · | |
| Receivables | $2.29B | $2.31B | $2.25B | $2.25B | $2.34B | $2.26B | $2.15B | $2.18B | $2.16B | $2.22B | · | $2.10B | $2.29B | · | $2.06B | |
| Inventory | $3.31B | $3.31B | $3.17B | $3.53B | $3.57B | $3.59B | $3.38B | $3.87B | $3.57B | $3.58B | · | $3.78B | $4.02B | · | $3.54B | |
| Prepaid Expense | $266M | $270M | $291M | $281M | $258M | $271M | $215M | $228M | $273M | $292M | · | $245M | $329M | · | $224M | |
| Other Current Assets | $710M | $704M | $588M | $640M | $508M | $552M | $583M | $633M | $624M | $521M | · | $654M | $755M | · | $954M | |
| Current Assets | $9.25B | $10.68B | $10.13B | $9.99B | $9.24B | $9.46B | $7.66B | $8.20B | $7.53B | $8.23B | · | $7.84B | $8.22B | · | $7.86B | |
| Goodwill | $19.71B | $22.15B | $22.18B | $22.17B | $22.23B | $28.75B | $28.67B | $28.95B | $29.50B | $30.39B | $30.46B | $30.31B | $30.89B | $30.83B | $30.57B | |
| Intangibles | $32.37B | $37.39B | $37.53B | $37.55B | $37.78B | $40.15B | $40.10B | $41.80B | $42.35B | $42.30B | · | $42.31B | $42.66B | · | $42.35B | |
| Other Non-current Assets | $4.53B | $4.59B | $4.63B | $4.85B | $5.08B | $4.76B | $4.71B | $2.48B | $2.38B | $2.35B | · | $2.38B | $2.40B | · | $2.79B | |
| Total Assets | $73.06B | $82.05B | $81.79B | $81.69B | $81.58B | $90.27B | $88.29B | $88.57B | $88.80B | $90.31B | · | $89.66B | $90.94B | · | $89.99B | |
| Short-term Debt | · | · | · | · | · | · | · | $13M | · | · | · | $0 | $2M | · | $4M | |
| Current Liabilities | $8.72B | $8.94B | $8.78B | $8.86B | $8.62B | $7.24B | $7.25B | $7.73B | $7.49B | $7.57B | · | $7.80B | $8.95B | · | $8.69B | |
| Capital Leases | · | · | $427M | · | · | · | $464M | · | · | · | · | · | · | · | · | |
| Deferred Tax | $7.85B | $9.05B | $9.02B | $9.10B | $9.10B | $9.72B | $9.68B | $10.02B | $10.17B | $10.22B | · | $10.13B | $10.16B | · | $10.29B | |
| Other Non-current Liabilities | $1.33B | $1.35B | $1.43B | $1.40B | $1.57B | $1.30B | $1.31B | $1.44B | $1.30B | $1.35B | · | $1.41B | $1.60B | · | $1.70B | |
| Total Liabilities | $36.94B | $40.00B | $40.00B | $40.12B | $40.09B | $40.67B | $38.96B | $40.10B | $39.77B | $40.62B | · | $40.20B | $41.59B | · | $41.65B | |
| Total Debt | · | · | · | · | · | · | · | $13M | · | · | · | $0 | · | · | $4M | |
| Common Stock | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | · | $12M | $12M | · | $12M | |
| Paid-in Capital | $50.39B | $50.84B | $51.29B | $51.74B | $52.20B | $52.17B | $52.13B | $52.11B | $52.09B | $52.05B | · | $52.00B | $51.91B | · | $52.08B | |
| Retained Earnings | $-9.29B | $-3.83B | $-4.63B | $-5.28B | $-5.89B | $2.40B | $2.17B | $521M | $1.30B | $1.68B | · | $1.10B | $831M | · | $-208M | |
| Treasury Stock | $2.65B | $2.65B | $2.64B | $2.64B | $2.64B | $2.43B | $2.22B | $1.76B | $1.76B | $1.55B | · | $981M | $852M | · | $729M | |
| AOCI | $-2.46B | $-2.45B | $-2.37B | $-2.38B | $-2.32B | $-2.69B | $-2.92B | $-2.55B | $-2.74B | $-2.67B | · | $-2.86B | $-2.75B | · | $-3.00B | |
| Stockholders' Equity | $36.01B | $41.92B | $41.66B | $41.45B | $41.36B | $49.46B | $49.19B | $48.33B | $48.90B | $49.52B | · | $49.28B | $49.15B | · | $48.15B | |
| Liabilities + Equity | $73.06B | $82.05B | $81.79B | $81.69B | $81.58B | $90.27B | $88.29B | $88.57B | $88.80B | $90.31B | · | $89.66B | $90.94B | · | $89.99B | |
| Shares Outstanding | 1,186,000,000 | 1,186,000,000 | 1,184,000,000 | 1,184,000,000 | 1,184,000,000 | 1,190,000,000 | 1,195,000,000 | 1,209,000,000 | 1,209,000,000 | 1,214,000,000 | 1,218,000,000 | 1,227,000,000 | 1,227,000,000 | 1,225,000,000 | 1,227,000,000 |
Cash Flow 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $261M | $245M | $251M | $245M | $241M | $231M | $234M | $245M | $239M | $230M | $251M | $274M | $220M | $248M | $229M | |
| Stock-based Comp | $31M | $22M | $25M | $17M | $26M | $27M | $26M | $18M | $34M | $31M | $31M | $33M | $31M | $41M | $28M | |
| Deferred Tax | $-1.20B | $29M | $-7M | $107M | $-646M | $51M | $-2.58B | $-229M | $-49M | $1M | $32M | $19M | $-3M | $-94M | $-77M | |
| Amort. of Intangibles | $62M | · | $62M | $61M | $62M | $61M | $61M | $62M | $65M | $64M | $64M | $61M | $62M | $68M | $64M | |
| Other Non-cash | · | $-88M | · | · | · | $-301M | · | · | · | $-292M | · | · | $-598M | · | · | |
| Operating Cash Flow | $1.08B | $1.01B | $1.38B | $1.16B | $1.21B | $720M | $1.39B | $1.08B | $942M | $771M | $1.36B | $1.04B | $486M | $952M | $729M | |
| CapEx | $189M | $240M | $205M | $171M | $187M | $238M | $247M | $234M | $249M | $294M | $234M | $271M | $266M | $284M | $197M | |
| Investing Cash Flow | $366M | $185M | $-223M | $-262M | $-470M | $-878M | $-174M | $-217M | $-345M | $-287M | $-178M | $-263M | $-264M | $-53M | $-117M | |
| Debt Issued | $1.15B | $0 | · | $0 | $0 | $1.62B | · | $1M | $0 | $593M | · | $0 | $0 | · | $0 | |
| Net Debt Issued | · | $0 | · | · | · | $1.62B | · | · | · | $592M | · | · | $-1M | · | · | |
| Stock Repurchased | $4M | $23M | $1M | $0 | $210M | $225M | $450M | $1M | $208M | $329M | $305M | $112M | $22M | · | · | |
| Net Stock Activity | · | $-23M | · | · | · | $-225M | · | · | · | $-329M | · | · | · | · | · | |
| Dividends Paid | $475M | $474M | $474M | $473M | $474M | $477M | $479M | $483M | $483M | $486M | $491M | $492M | $491M | $490M | $490M | |
| Financing Cash Flow | $-2.37B | $-512M | $-488M | $-340M | $-1.32B | $900M | $-962M | $-481M | $-1.33B | $-239M | $-862M | $-629M | $-439M | $-903M | $-1.09B | |
| Net Change in Cash | $-927M | $672M | $693M | $539M | $-551M | $777M | $198M | $386M | $-726M | $224M | $350M | $105M | $-213M | $43M | $-521M | |
| Free Cash Flow | · | $766M | · | · | · | $482M | · | · | · | $477M | · | · | $220M | · | · | |
| Levered FCF | · | $579M | · | · | · | $321M | · | · | · | $300M | · | · | $39M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.4% | 36.7% | · | 31.9% | 34.4% | 34.4% | · | 34.2% | 35.4% | 35.0% | · | 34.0% | 32.6% | · | 28.3% | |
| Operating Margin | -102.7% | 18.9% | · | 16.4% | -125.5% | 19.9% | · | -1.6% | 8.1% | 20.3% | · | 9.9% | 19.2% | · | 11.5% | |
| Net Margin | -87.2% | 13.2% | · | 9.9% | -123.2% | 11.9% | · | -4.5% | 1.6% | 12.5% | · | 4.0% | 12.9% | · | 6.6% | |
| Pretax Margin | -101.8% | 16.7% | · | 12.9% | -128.6% | 17.0% | · | -4.4% | 5.4% | 16.1% | · | 7.0% | 16.2% | · | 8.4% | |
| EBITDA Margin | -98.5% | 23.0% | · | 20.4% | -121.7% | 23.8% | · | -1.6% | 8.1% | 23.9% | · | 9.9% | 22.6% | · | 11.5% | |
| ROA | -7.1% | 0.93% | · | 0.72% | -9.2% | 0.79% | · | -0.33% | 0.11% | 0.87% | · | 0.29% | · | · | 0.47% | |
| ROE | -14.1% | 1.8% | · | 1.4% | -17.3% | 1.4% | · | -0.59% | 0.21% | 1.6% | · | 0.53% | · | · | 0.88% | |
| ROIC | -15.3% | 2.2% | · | 1.9% | -18.5% | 1.7% | · | -0.21% | 0.31% | 2.1% | · | 0.73% | · | · | 1.2% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.2 | · | 1.1 | 1.1 | 1.3 | · | 1.1 | 1.0 | 1.1 | · | 1.0 | · | · | 0.9 | |
| Quick Ratio | 0.6 | 0.7 | · | 0.6 | 0.6 | 0.7 | · | 0.4 | 0.4 | 0.5 | · | 0.4 | · | · | 0.4 | |
| Debt / Equity | · | · | · | · | · | · | · | 0.0 | · | · | · | 0.0 | · | · | 0.0 | |
| Interest Coverage | 207.5 | 4.9 | · | 4.3 | -33.2 | 5.2 | · | -0.4 | 2.3 | 5.8 | · | 2.9 | 5.5 | · | 3.3 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | · | · | 0.1 | |
| Inventory Turnover | 1.2 | 1.1 | · | 1.1 | 1.2 | 1.1 | · | 1.1 | 1.1 | 1.2 | · | 1.1 | · | · | 1.5 | |
| Receivables Turnover | 2.7 | 2.7 | · | 2.8 | 2.8 | 2.7 | · | 3.0 | 2.9 | 3.0 | · | 3.0 | · | · | 3.2 |
Valuation (TTM) 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $24.90B | $24.64B | · | $24.97B | $25.21B | $25.27B | · | $25.84B | $26.18B | $26.19B | · | $26.29B | $25.59B | · | $25.43B | |
| Net Income TTM | $-11.87B | $-5.70B | · | $-6.79B | $-7.30B | $1.32B | · | $875M | $2.17B | $2.90B | · | $2.53B | $2.31B | · | $2.21B | |
| Market Cap | $28.11B | $26.14B | · | $30.84B | $30.32B | $35.99B | · | $42.76B | $38.95B | $44.80B | · | $41.28B | · | · | $41.62B | |
| Enterprise Value | · | · | · | · | · | · | · | $41.49B | · | · | · | $40.22B | · | · | $40.63B | |
| P/E | -2.4 | -4.6 | · | -4.5 | -4.2 | 27.7 | · | 49.8 | 18.3 | 15.6 | · | 16.4 | 20.7 | · | 19.1 | |
| P/S | 1.1 | 1.1 | · | 1.2 | 1.2 | 1.4 | · | 1.7 | 1.5 | 1.7 | · | 1.6 | · | · | 1.6 | |
| P/B | 0.8 | 0.6 | · | 0.7 | 0.7 | 0.7 | · | 0.9 | 0.8 | 0.9 | · | 0.8 | · | · | 0.9 | |
| P / Cash Flow | · | 26.0 | · | · | · | 50.0 | · | · | · | 58.1 | · | · | · | · | · | |
| P / FCF | · | 34.1 | · | · | · | 74.7 | · | · | · | 93.9 | · | · | · | · | · | |
| EV / EBITDA | · | · | · | · | · | · | · | -410.8 | · | · | · | 61.6 | · | · | 54.1 | |
| EV / Revenue | · | · | · | · | · | · | · | 1.6 | · | · | · | 1.5 | · | · | 1.6 | |
| Earnings Yield | -42.2% | -21.9% | · | -22.0% | -24.1% | 3.6% | · | 2.0% | 5.5% | 6.4% | · | 6.1% | 4.8% | · | 5.2% | |
| Payout Ratio | · | 59.4% | · | · | · | 67.0% | · | · | · | 60.7% | · | · | 58.7% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | |
|---|---|---|---|---|---|
| Revenue | $24.94B | $25.85B | $26.64B | $26.48B | $26.04B |
| Gross Margin % | 33.3% | 34.7% | 33.5% | 30.7% | 33.3% |
| Operating Margin % | -18.7% | 6.5% | 17.2% | 13.7% | 13.3% |
| Net Income | $-5.85B | $2.74B | $2.85B | $2.36B | $1.01B |
| Diluted EPS | $-4.93 | $2.26 | $2.31 | $1.91 | $0.82 |
Balance Sheet
| 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.0 | 0.0 | 0.0 |
| Current Ratio | 1.2 | 1.1 | 1.0 | 0.9 | 1.0 |
| Quick Ratio | 0.6 | 0.5 | 0.4 | 0.3 | 0.6 |
Cash Flow
| 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | |
|---|---|---|---|---|---|
| Free Cash Flow | $3.66B | $3.16B | $2.96B | $1.55B | $4.46B |
Latest News Recent headlines mentioning this company
- Kraft Heinz (KHC) Q2 2026 Earnings Call Transcript
- Karen Bass' Brother Joins Class-Action Lawsuit Against Karen Bass over LA Wildfires
- Jim Cramer Discusses Kraft Heinz Rally After Better Than Expected Earnings
- The Kraft Heinz Company Q1 2026 Earnings Call Summary
- Is This Buffett‑Backed Monster Dividend Stock Going to $0?
- 3 Best Consumer Staples Stocks to Buy and Hold for Decades
- Kraft Heinz Was a Rare Buffett Blunder. Now Berkshire's New Boss Looks Ready to Move On.
- "There Goes Your Inventory": Disgruntled Worker Sets Fire To Million-Square-Foot Toilet Paper Warehouse
- TD Cowen Lowers Kraft Heinz (KHC) as Food Sector Faces Cost Pressures
- New CEO Shelves Breakup — Is Kraft Heinz Finally a Turnaround Stock Worth Owning?
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Institutional owners (13F) 1,248 filers · $20.8B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 131 (-36 vs prior Q) | 104 (-32 vs prior Q) | 465 (+41 vs prior Q) | 329 (-22 vs prior Q) | -9.4M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Berkshire Hathaway Inc | $7,691,494,401 | 325,634,818 | 36.92% | Shares |
| VANGUARD GROUP INC | $2,284,487,570 | 94,205,673 | 10.96% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,297,618,152 | 54,937,263 | 6.23% | Shares |
| STATE STREET CORP | $1,095,474,791 | 46,379,119 | 5.26% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $962,604,851 | 40,753,804 | 4.62% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $665,224,729 | 28,180,719 | 3.19% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $358,943,668 | 15,196,599 | 1.72% | Shares |
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN | $337,633,400 | 14,306,500 | 1.62% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $203,887,350 | 8,460,056 | 0.98% | Shares |
| GOLDMAN SACHS GROUP INC | $196,106,734 | 8,302,571 | 0.94% | Shares |
| PeakShares LLC | $188,771,000 | 7,992 | 0.91% | Shares |
| Capital International Investors | $180,677,883 | 7,649,360 | 0.87% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $173,739,012 | 7,355,589 | 0.83% | Shares |
| RWC Asset Management LLP | $165,307,310 | 6,998,616 | 0.79% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $140,383,243 | 5,943,406 | 0.67% | Shares |
| NORGES BANK | $128,547,433 | 5,442,313 | 0.62% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $119,558,322 | 5,061,741 | 0.57% | Shares |
| Robeco Institutional Asset Management B.V. | $115,483,187 | 4,889,212 | 0.55% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $112,836,236 | 4,777,148 | 0.54% | Shares |
| FIRST TRUST ADVISORS LP | $109,786,802 | 4,648,045 | 0.53% | Shares |
| Quantinno Capital Management LP | $108,151,074 | 4,578,792 | 0.52% | Shares |
| JANE STREET GROUP, LLC | $92,741,568 | 3,926,400 | 0.45% | Call option |
| BNP PARIBAS FINANCIAL MARKETS | $91,342,532 | 3,867,169 | 0.44% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $76,190,946 | 3,225,696 | 0.37% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $68,439,659 | 2,897,530 | 0.33% | Shares |
| COOKE & BIELER LP | $66,492,237 | 2,815,082 | 0.32% | Shares |
| AMERIPRISE FINANCIAL INC | $65,969,402 | 2,792,893 | 0.32% | Shares |
| Empower Advisory Group, LLC | $65,332,678 | 2,765,990 | 0.31% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $64,831,397 | 2,744,767 | 0.31% | Shares |
| GATES FOUNDATION TRUST | $58,402,812 | 2,472,600 | 0.28% | Shares |
| BARCLAYS PLC | $57,240,519 | 2,423,392 | 0.27% | Shares |
| Swiss National Bank | $57,173,202 | 2,420,542 | 0.27% | Shares |
| RWWM, INC. | $55,497,788 | 2,349,610 | 0.27% | Shares |
| Newport Trust Company, LLC | $55,298,326 | 2,341,165 | 0.27% | Shares |
| Legal & General Group Plc | $52,448,825 | 2,220,526 | 0.25% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $51,392,136 | 2,175,789 | 0.25% | Shares |
| JANE STREET GROUP, LLC | $50,690,882 | 2,146,100 | 0.24% | Put option |
| BlackRock, Inc. | $50,232,300 | 2,126,685 | 0.24% | Shares |
| BANK OF AMERICA CORP /DE/ | $49,276,417 | 2,086,216 | 0.24% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $48,505,300 | 2,053,569 | 0.23% | Shares |
| TWO SIGMA INVESTMENTS, LP | $48,332,118 | 2,046,237 | 0.23% | Shares |
| Swedbank AB | $47,183,808 | 1,997,621 | 0.23% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $46,229,631 | 1,957,224 | 0.22% | Shares |
| Vanguard Global Advisers, LLC | $46,024,231 | 1,948,528 | 0.22% | Shares |
| Squarepoint Ops LLC | $43,678,104 | 1,849,200 | 0.21% | Shares |
| RHUMBLINE ADVISERS | $41,487,160 | 1,756,447 | 0.20% | Shares |
| California Public Employees Retirement System | $40,090,297 | 1,697,303 | 0.19% | Shares |
| LPL Financial LLC | $38,656,300 | 1,636,592 | 0.19% | Shares |
| CITADEL ADVISORS LLC | $38,339,984 | 1,623,200 | 0.18% | Put option |
| Gotham Asset Management, LLC | $32,308,192 | 1,367,832 | 0.16% | Shares |
| CITADEL ADVISORS LLC | $31,532,700 | 1,335,000 | 0.15% | Call option |
| AVIVA PLC | $30,443,653 | 1,288,893 | 0.15% | Shares |
| Eurizon Capital SGR S.p.A. | $30,438,842 | 1,288,625 | 0.15% | Shares |
| Toroso Investments, LLC | $29,890,623 | 1,232,603 | 0.14% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $29,470,244 | 1,310,371 | 0.14% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $29,467,958 | 1,247,585 | 0.14% | Shares |
| Toroso Investments, LLC | $29,378,875 | 1,211,500 | 0.14% | Call option |
| ProShare Advisors LLC | $29,333,018 | 1,241,872 | 0.14% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $29,303,586 | 1,240,626 | 0.14% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $27,897,135 | 1,178,845 | 0.13% | Shares |
| ALPS ADVISORS INC | $27,530,669 | 1,165,566 | 0.13% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $25,942,767 | 1,098,339 | 0.12% | Shares |
| UBS Group AG | $25,776,293 | 1,091,291 | 0.12% | Shares |
| Ensign Peak Advisors, Inc | $25,586,082 | 1,083,238 | 0.12% | Shares |
| Night Squared LP | $24,946,145 | 1,056,145 | 0.12% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $23,903,960 | 1,012,022 | 0.11% | Shares |
| FRANKLIN STREET ADVISORS INC /NC | $23,487,141 | 994,375 | 0.11% | Shares |
| DNB Asset Management AS | $22,905,117 | 969,734 | 0.11% | Shares |
| Poplar Forest Capital LLC | $22,754,337 | 747,760 | 0.11% | Shares |
| Schonfeld Strategic Advisors LLC | $22,326,874 | 945,253 | 0.11% | Shares |
| BANK OF MONTREAL /CAN/ | $22,234,026 | 941,322 | 0.11% | Shares |
| NEOS Investment Management LLC | $22,079,219 | 934,768 | 0.11% | Shares |
| Caisse de depot et placement du Quebec | $22,065,639 | 934,193 | 0.11% | Shares |
| ALLIANCEBERNSTEIN L.P. | $21,790,089 | 968,879 | 0.10% | Shares |
| MACKENZIE FINANCIAL CORP | $21,025,981 | 890,177 | 0.10% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $20,966,681 | 887,666 | 0.10% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $20,856,664 | 927,375 | 0.10% | Shares |
| Man Group plc | $20,829,840 | 881,873 | 0.10% | Shares |
| CWM, LLC | $18,258,707 | 811,859 | 0.09% | Shares |
| Entropy Technologies, LP | $17,884,497 | 757,176 | 0.09% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $17,522,851 | 741,865 | 0.08% | Shares |
| Corient Private Wealth LP | $17,301,511 | 732,493 | 0.08% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $17,015,045 | 720,366 | 0.08% | Shares |
| Brandywine Global Investment Management, LLC | $17,005,070 | 701,240 | 0.08% | Shares |
| FIRST CITIZENS BANK & TRUST CO | $15,688,096 | 664,187 | 0.08% | Shares |
| Rafferty Asset Management, LLC | $15,423,529 | 652,986 | 0.07% | Shares |
| NorthRock Partners, LLC | $15,416,774 | 652,700 | 0.07% | Shares |
| Envestnet Portfolio Solutions, Inc. | $14,808,853 | 626,962 | 0.07% | Shares |
| FTB Advisors, Inc. | $14,775,602 | 572,254 | 0.07% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $14,430,214 | 610,932 | 0.07% | Shares |
| MILLENNIUM MANAGEMENT LLC | $14,318,444 | 606,200 | 0.07% | Call option |
| ASR Vermogensbeheer N.V. | $14,173,887 | 600,132 | 0.07% | Shares |
| PRUDENTIAL FINANCIAL INC | $14,167,701 | 599,818 | 0.07% | Shares |
| Gradient Investments LLC | $14,109,243 | 597,343 | 0.07% | Shares |
| Amundi | $14,029,501 | 593,967 | 0.07% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $13,516,687 | 572,256 | 0.06% | Shares |
| Federation des caisses Desjardins du Quebec | $13,429,789 | 568,577 | 0.06% | Shares |
| RAYMOND JAMES FINANCIAL INC | $13,387,671 | 566,794 | 0.06% | Shares |
| CREDIT AGRICOLE S A | $13,357,653 | 565,523 | 0.06% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $13,265,630 | 561,627 | 0.06% | Shares |
Company insiders 20 insiders · 11 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Steven A Cahillane | Chief Executive Officer | May 12, 2026 P | 635,160 | 1 | 0 | $4,999,467 |
| Miguel Patricio | Chief Executive Officer | Aug. 16, 2019 A | 1,377,410 | 0 | 0 | $0 |
| David Knopf | EVP and CFO | Aug. 16, 2019 A | 100,041 | 0 | 0 | $0 |
| Rodrigo Wickbold | Zone President of APAC | Aug. 16, 2019 A | 152,867 | 0 | 0 | $0 |
| Pedro Drevon | Zone President, Latin America | Aug. 16, 2019 A | 97,846 | 0 | 0 | $0 |
| Rafael Oliveira | International Zone President | Aug. 16, 2019 A | 289,881 | 0 | 0 | $0 |
| Diana Frost | Glbl Chief Growth Officer | June 18, 2026 S | 102,667 | 0 | 1 | $-426,471 |
| Nina Barton | Zone Pres Canada, Pres Digital | Aug. 16, 2019 A | 172,286 | 0 | 0 | $0 |
| Rashida La Lande | SVP, Global Gen Csl & Corp Sec | Aug. 16, 2019 A | 150,131 | 0 | 0 | $0 |
| Paulo Basilio | Chief Bus. Plan & Dev. Officer | Aug. 16, 2019 A | 416,724 | 0 | 0 | $0 |
| James J Savina | SVP, Gen. Counsel & Corp. Sec | July 2, 2015 A | 5,993 | 0 | 0 | $0 |
| Anthony J. Palmer | Director | May 14, 2026 A | 8,730 | 0 | 0 | $0 |
| Humberto P Alfonso | Director | May 14, 2026 A | 34,048 | 0 | 0 | $0 |
| John T Cahill | Director | May 14, 2026 A | 175,133 | 0 | 0 | $0 |
| John C Pope | Director | May 14, 2026 A | 79,237 | 0 | 0 | $0 |
| Georges El-Zoghbi | Director | Aug. 16, 2019 A | 3 | 0 | 0 | $0 |
| Jeanne P Jackson | Director | July 2, 2015 A | 10,050 | 0 | 0 | $0 |
| MCDONALD MACKEY J | Director | July 2, 2015 A | 12,705 | 0 | 0 | $0 |
| Kevin L Cox | — | May 14, 2026 A | 8,070 | 0 | 0 | $0 |
| 3G Global Food Holdings LP | — | May 25, 2022 J | 97,195,897 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Link Co | April 3, 2026 | 10.00% | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 208 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FTXG · First Trust Exchange-Traded Fund VI | 8.17% | 80,752 NS | June 30, 2026 | N-PORT |
| OMAH · Tidal Trust III | 4.12% | 1,361,164 NS | April 30, 2026 | N-PORT |
| RSPS · Invesco Exchange-Traded Fund Trust | 3.04% | 298,837 SH | Aug. 21, 2026 | Daily |
| SPHD · Invesco Exchange-Traded Fund Trust … | 2.89% | 3,902,131 SH | Aug. 21, 2026 | Daily |
| SDOG · ALPS ETF Trust | 2.01% | 1,156,124 NS | May 31, 2026 | N-PORT |
| FLOW · Global X Funds | 2.00% | 23,856 NS | May 31, 2026 | N-PORT |
| DIV · Global X Funds | 1.90% | 629,541 NS | April 30, 2026 | N-PORT |
| SPDV · ETF Series Solutions | 1.84% | 73,108 NS | April 30, 2026 | N-PORT |
| QQXT · First Trust Exchange-Traded Fund | 1.83% | 128,879 NS | June 30, 2026 | N-PORT |
| LYLD · Cambria ETF Trust | 1.73% | 4,589 NS | April 30, 2026 | N-PORT |
| DIVY · Tidal Trust I | 1.72% | 20,345 NS | May 31, 2026 | N-PORT |
| ICAP · Series Portfolios Trust | 1.39% | 62,838 NS | May 31, 2026 | N-PORT |
| FDVV · FIDELITY COVINGTON TRUST | 1.28% | 5,183,659 NS | April 30, 2026 | N-PORT |
| LQAI · Exchange Listed Funds Trust | 1.25% | 1,162 NS | April 30, 2026 | N-PORT |
| DIVD · EA Series Trust | 1.19% | 9,217 NS | April 30, 2026 | N-PORT |
| QQWZ · Pacer Funds Trust | 1.12% | 23,197 NS | April 30, 2026 | N-PORT |
| COWZ · Pacer Funds Trust | 1.12% | 9,019,672 NS | April 30, 2026 | N-PORT |
| RFDA · ALPS ETF Trust | 1.03% | 37,604 NS | May 31, 2026 | N-PORT |
| RPV · Invesco Exchange-Traded Fund Trust | 1.03% | 697,939 SH | Aug. 21, 2026 | Daily |
| IYK · iShares Trust | 0.99% | 549,392 SH | Aug. 21, 2026 | Daily |
| SYLD · Cambria ETF Trust | 0.99% | 419,404 NS | April 30, 2026 | N-PORT |
| QQQE · Direxion Shares ETF Trust | 0.95% | 507,572 NS | April 30, 2026 | N-PORT |
| FDL · First Trust Exchange-Traded Fund | 0.91% | 2,802,182 NS | June 30, 2026 | N-PORT |
| FCFY · First Trust Exchange-Traded Fund | 0.83% | 476 NS | June 30, 2026 | N-PORT |
| PY · Principal Exchange-Traded Funds | 0.83% | 77,627 NS | June 30, 2026 | N-PORT |
| VDC · VANGUARD WORLD FUND | 0.83% | 3,235,738 SH | Aug. 19, 2026 | Daily |
| FSTA · FIDELITY COVINGTON TRUST | 0.77% | 487,600 NS | April 30, 2026 | N-PORT |
| NUDV · Nushares ETF Trust | 0.76% | 15,188 NS | April 30, 2026 | N-PORT |
| VLUE · iShares Trust | 0.76% | 2,897,067 SH | Aug. 21, 2026 | Daily |
| UGE · ProShares Trust | 0.75% | 3,633 NS | May 31, 2026 | N-PORT |
| GXPS · Global X Funds | 0.72% | 17,855 NS | May 31, 2026 | N-PORT |
| MDIV · First Trust Exchange-Traded Fund VI | 0.62% | 110,099 NS | June 30, 2026 | N-PORT |
| QFLR · Innovator ETFs Trust | 0.58% | 129,334 NS | April 30, 2026 | N-PORT |
| KXI · iShares Trust | 0.58% | 243,019 SH | Aug. 21, 2026 | Daily |
| FCTR · First Trust Exchange-Traded Fund | 0.56% | 13,440 NS | June 30, 2026 | N-PORT |
| PAPI · Morgan Stanley ETF Trust | 0.55% | 93,467 NS | June 30, 2026 | N-PORT |
| QNXT · iShares Trust | 0.55% | 6,171 SH | Aug. 21, 2026 | Daily |
| HWSM · HOTCHKIS & WILEY FUNDS /DE/ | 0.53% | 622 NS | June 30, 2026 | N-PORT |
| ITAN · EA Series Trust | 0.44% | 16,230 NS | May 29, 2026 | N-PORT |
| SIXL · EXCHANGE TRADED CONCEPTS TRUST | 0.43% | 33,668 NS | May 31, 2026 | N-PORT |
| FVD · First Trust Exchange-Traded Fund | 0.42% | 1,422,732 NS | June 30, 2026 | N-PORT |
| FDRR · FIDELITY COVINGTON TRUST | 0.42% | 126,750 NS | April 30, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 0.34% | 5,331,934 SH | Aug. 19, 2026 | Daily |
| CAPE · DoubleLine ETF Trust | 0.33% | 33,612 NS | June 30, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.33% | 63,539 NS | April 30, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.33% | 64,148 NS | April 30, 2026 | N-PORT |
| IMCV · iShares Trust | 0.31% | 141,607 SH | Aug. 21, 2026 | Daily |
| FVAL · FIDELITY COVINGTON TRUST | 0.29% | 154,912 NS | April 30, 2026 | N-PORT |
| EVUS · iShares Trust | 0.29% | 42,750 SH | Aug. 21, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.28% | 345,000 | Aug. 21, 2026 | Daily |