MDLZ Class A Mondelez International, Inc. - Class A Common Stock
NASDAQ · Food Products · View on SEC EDGAR ↗ close Oct 6, 2026 10-K/10-Q Jul 28, 2026MDLZ Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About Mondelez International, Inc. - Class A Common Stock Company overview from Wikipedia
Mondelez International, Inc. (stylised as Mondelēz; MON-də-LEEZ) is an American multinational confectionery, food, holding, beverage, and snack food company based in Chicago. Mondelez has an annual revenue of about $38.5 billion and operates in approximately 160 countries. It ranked No. 108 in the 2021 Fortune 500 list of the largest United States corporations by total revenue.
The company has its origins as Kraft Foods Inc., which was founded in Chicago in 1923. The present enterprise has operated since 2012 when Kraft Foods Inc. was renamed Mondelez and retained its snack food business, while its North American grocery business was spun off to a new company called Kraft Foods Group, which three years later merged with Heinz to form Kraft Heinz. The name Mondelez is derived from the Latin word mundus ("world") and delez, a derivative of the word "delicious".
Mondelez manufactures chocolate, cookies, biscuits, gum, confectionery, and powdered beverages. Mondelez International's portfolio includes several billion-dollar components, among them cookie, cracker, and candy brands TUC, Nabisco (manufacturers of Belvita, Chips Ahoy!, Oreo, Ritz, Triscuit, Wheat Thins, etc.), LU, Sour Patch Kids, Barny, and Peek Freans; chocolate brands Milka, Côte d'Or, Toblerone, Cadbury, Green & Black's, Freia, Marabou, and Fry's; gum and cough drop brands, Halls, Stride, and Clorets; as well as Tate's Bake Shop cookies, Philadelphia Cream Cheese, and powdered beverage brand Tang.
Mondelez Canada holds the rights to Christie Brown and Company, which consists of brands such as Mr. Christie, Triscuits, and Dad's Cookies. Its head office is in Toronto, Ontario, with operations in Brampton and Hamilton, Ontario, and Montreal, Québec.
History
Kraft
Mondelez International is rooted in the National Dairy Products Corporation (National Dairy), which was founded on December 10, 1923, by Edward E. Rieck and Thomas H. McInnerney. The firm was initially set up to execute on a rollup strategy in the fragmented United States ice cream industry.
In 1924, Kraft Cheese Company was founded and was listed on the Chicago Stock Exchange.
In 1930, National Dairy acquired Kraft Phenix. After the acquisition, the combined company retained the National Dairy name and management, though the Kraft Phenix side of the company continued to operate largely independently. The company then changed its name to Kraftco Corporation in 1969, and was renamed again to Kraft Inc. in 1976. After its acquisition by Phillip Morris and the merger with General Foods Corporation in 1989, Kraft Inc. was renamed to Kraft Foods Inc. in 1995. Altria (the former Phillip Morris) sold its stake in 2007.
On September 7, 2009, Kraft made a hostile £10.2 billion takeover bid for the British confectionery group Cadbury, makers of Dairy Milk and Bournville chocolate. On November 9, the company's bid (then £9.8 billion) was rejected by Cadbury, which called it a "derisory" offer. Kraft upped its offer on December 4. It had significant political and public opposition in the United Kingdom and abroad, leading to a call for the government to implement economic protectionism in large-company takeovers. On January 19, 2010, Cadbury approved a revised offer from Kraft which valued the company at £11.5 billion ($19.5 billion). Some funds for the takeover were provided by the Royal Bank of Scotland.
Cadbury sales were flat after Kraft's acquisition. Despite the Cadbury takeover helping to boost overall sales by 30 percent, Kraft's net profit for the fourth quarter fell 24 percent (to $540 million) due to costs associated with integrating the UK business after the acquisition. Kraft spent $1.3 billion on integration to achieve an estimated $675 million in annual savings by the end of 2012. Kraft increased prices to offset rising commodity costs for corn, sugar, and cocoa in North America and Europe. According to CEO Irene Rosenfeld, "We expect it will remain weak for the foreseeable future." Taking into account integration costs, the acquisition reduced Kraft's earnings per share by about 33% immediately after the Cadbury purchase.
Mondelez International
In August 2011, Kraft Foods announced plans to split into two publicly traded companies, an international snack-food company and a North American grocery company.
The snack-food company, called Mondelez International, would be the legal successor of the old Kraft Foods, while the grocery company would be a new company, Kraft Foods Group. The split was completed in October 2012. It was structured so that Kraft Foods changed its name to Mondelez International and spun off Kraft Foods Group as a new publicly traded company. Kraft Foods Group later merged with Heinz to become Kraft Heinz.
In 2014, the company announced a merger of its coffee business with the Dutch firm Douwe Egberts. The name of the newly merged company would be Jacobs Douwe Egberts (now JDE Peet's). The merger was confirmed on May 6, 2014, and completed on July 2, 2015.
In April 2015, the U.S. Commodity Futures Trading Commission (CFTC) alleged that Mondelez International and its former subsidiary, Mondelez Global, bought $90 million (£61 million) of wheat futures with no intention of taking delivery. According to the CFTC, the purchase raised the price of the commodity and earned the company $5.4 million.
In January 2016, Mondelez announced that it would source 100% cage-free eggs globally by 2025.
On June 30, 2016, Mondelez made a $23 billion offer to buy its smaller rival, Hershey. The half-cash, half-stock deal valued Hershey stock at $107 a share. Hershey's board, however, unanimously rejected the offer. In 2016, Terry's was one of a number of brands acquired by Eurazeo from Mondelēz, and it subsequently became part of Carambar & Co.
In January 2017, the company sold the Australian grocery business, including Vegemite, to Bega Cheese.
In August 2017, it was announced that Dirk Van de Put, Belgian CEO of McCain Foods, would succeed Irene Rosenfeld as CEO in November 2017.
In October 2017, The company sold most of its sauce business in Europe (Primarily Kraft-branded condiments and Bull's-Eye Barbecue Sauce in Germany) to Kraft Heinz as a result of Mondelez's licence to use the Kraft name expiring. As a result, Kraft Heinz got the rights to use the Kraft trademark in Europe again, but this excludes Mondelez's European grocery business and the ownership for Miracle Whip in Germany and Philadelphia Cream Cheese in Europe.
On May 6, 2018, Mondelez agreed to buy cookie maker Tate's Bake Shop for approximately $500 million. The acquisition was completed on June 7, 2018.
On June 19, 2019, Mondelez agreed to acquire a majority interest in Perfect Snacks, owner of refrigerated protein bar Perfect Bar. The acquisition was completed on July 16.
On February 25, 2020, Mondelez announced that it was acquiring a majority stake in Toronto-based Give & Go, a maker of two-bite brownies. The acquisition was completed on April 3, 2020.
In January 2021, Mondelez announced that it had bought Hu Master Holdings for more than $250 million.
On May 26, 2021, Mondelez announced an agreement to acquire Greek snack company Chipita S.A., a high-growth key player in the Central and Eastern European croissants and baked snacks category. On January 3, 2022, Mondelez announced that the acquisition was complete.
In May 2022, it was announced Mondelez had acquired Grupo Bimbo's confectionery business, Ricolino, for approximately US$1.3 billion.
On May 10, 2022, Mondelez announced that it would sell its gum business, including Trident and Dentyne, in developed markets including North America and parts of Europe, as well as the entire Halls cough drop business, these businesses used to be owned by their former owner Warner Lambert.
In June 2022, Mondelez announced that it would be acquiring Clif Bar for $2.9 billion. Through the acquisition, Mondelez will obtain Clif, Luna, and Clif Bar Kids as a part of its portfolio.
On December 19, 2022, Mondelez announced that it was selling its North American and European gum business, including the Trident, Dentyne, Chiclets and Bubblicious brands, to Perfetti Van Melle, the makers of Mentos, however Mondelez retained the Latin American, African, Asian, And Australian gum business. The deal closed on October 2, 2023.
Corporate affairs
The headquarters is located in Fulton Market, in Chicago, Illinois. In 2020, the company announced that the headquarters was moving from suburban Deerfield, Illinois to Chicago. Mondelez' North American headquarters was then established in East Hanover, New Jersey, U.S., and a global innovation center was opened in 2023 in nearby Whippany, also in Morris County, New Jersey.
Finances
For the fiscal year 2017, Mondelēz International reported earnings of US$2.922 billion, with an annual revenue of US$25.896 billion, a decline of 0.1% over the previous fiscal cycle. Mondelēz International's shares traded at over $42 per share, and its market capitalization was valued at over US$58.8 billion in October 2018. In the first quarter of 2020, due to COVID-19 lockdowns and people stocking up with sweets, the company's sales grew by 15% in North America, increasing its overall revenue by almost 3%.
Brands
Mondelez International brands (formerly Kraft Foods Inc.) includes brand-name products that are developed, owned, licensed, or distributed by Mondelez International. The company's core businesses are snack foods and confectionery. In certain international territories, Kraft-branded products have been made by Mondelez under license from Kraft Heinz Company since 2012, such as Jell-O in Mexico, Dream Whip in Saudi Arabia, Kraft Cheese in Indonesia, Miracle Whip in Germany, Cheesey Pasta in the UK, Calumet Baking Powder in the Philippines, and Cheez Whiz in Mexico and the Philippines. Mondelez also has licenses to also sell other products that were previously owned (but not made) by the Kraft Heinz Company in North America through licensing deals. Such brands include Log Cabin in Mexico from Conagra Brands, the majority of their gum brands outside North America and Europe (such as Stimorol, Trident, Dentyne and Bubbaloo) from Perfetti Van Melle, Lotus Biscoff in select countries from Lotus Bakeries, Pocky in Europe from Ezaki Glico under the name Glico Mikado, and Post Cereal in Korea from Post Holdings through a joint venture.
Controversies
Deforestation
In September 2017, an investigation conducted by NGO Mighty Earth found that a large amount of the cocoa used in chocolate produced by Mondelez and other major chocolate companies was grown illegally in national parks and other protected areas in Ivory Coast and Ghana. The countries are the world's two largest cocoa producers.
The report documents how in several national parks and other protected areas, 90% or more of the land mass has been converted to cocoa. Less than four percent of Ivory Coast remains densely forested, and the chocolate companies' laissez-faire approach to sourcing has driven extensive deforestation in Ghana as well. In Ivory Coast, deforestation has pushed chimpanzees into just a few small pockets, and reduced the country's elephant population from several hundred thousand to about 200–400.
In November 2018, an investigation by Greenpeace International found that 22 palm oil suppliers to Mondelez International cleared over 70,000 hectares (170,000 acres; 270 sq mi) of rainforest from 2015 to 2017. Mondelez received a 'yellow', the second of the four possible ratings on the 2022 Chocolate Scorecard for Agroforestry i.e. 'starting to implement good policies'.
Child slavery
In 2021, Mondelez International was named in a class action lawsuit filed by eight former child slaves from Mali (aided by International Rights Advocates) who allege that the company aided and abetted their enslavement on cocoa plantations in Ivory Coast. The suit accused Mondelez (along with Nestlé, Cargill, Mars, Olam International, The Hershey Company, and Barry Callebaut) of knowingly engaging in forced labor, and the plaintiffs sought damages for unjust enrichment, negligent supervision, and intentional infliction of emotional distress.
As with deforestation, Mondelez is 'starting to implement good policies' according to the 2022 Chocolate Scorecard. Its Cocoa Life programme for sustainable cocoa aims to address the root causes of child labour with a holistic approach, collaborating with families, encouraging school attendance and monitoring child labour on farms. Cocoa Life farms accounted for 43% of Mondelez' cocoa needs by 2018 and the company planned to have 100% coverage with Cocoa Life by 2025.
An investigation in 2022 by Britain's Channel 4 Dispatches found children as young as ten working on farms in Ghana supplying the Cadbury's brand of Mondelēz International. The investigation went to an address on Mondelēz's Cocoa Life website in 2022 and discovered child laborers harvesting cocoa without protective clothing.
In November 2023, International Rights Advocates (on behalf of nine children) again filed a class-complaint against Cargill, Mars, and Mondelez, alleging that:
rather than honor the pledge that they made [to phase out by 2005 their use of the Worst Forms of Child Labor as defined by ILO Convention No. 182.], defendants and all of the other major chocolate companies, have done little to address the ongoing and pervasive use of child workers performing the worst forms of child labor on their sourcing plantations and have focused on misleading the public by falsely claiming their "rehabilitation" programs offer meaningful assistance to children found working on their plantations.
Criticism of activities in Russia during the Russo–Ukrainian War
After the Russian invasion of Ukraine on February 24, 2022, many international companies felt compelled to reduce or end business in the Russian Federation. Mondelez made public statements that it had "reduced all non-core activities" and stopped new investments in the country. As of March 12, 2022, Mondelez International was listed in an online spreadsheet by Yale professor Jeffrey Sonnenfeld as being among a minority of companies continuing to do business in Russia, where it generates 3.5% of annual revenue (approximately $1 billion).
On May 25, 2023, Ukraine's National Agency on Corruption Prevention (NACP) declared Mondelez International an international sponsor of war, stating that Mondelez's Russian branch increased its profit in 2022 by 303%. This has led to boycotts from consumers and companies in the Nordic countries as well as from the football associations of Denmark, Norway and Sweden. Also, some Mondelez employees in Eastern Europe have protested. This also resulted in Charles III stripping Cadbury of its royal warrant and Sweden stripping theirs of Marabou.
The chief executive of Mondelez, Dirk Van de Put, stated in February 2024 that investors "do not morally care" if the company continues to do business in Russia.
Anti-competitive practices
In May 2024, the European Commission imposed a fine on Mondelez of €337.5 million for anti-competitive practices and for abusing its dominant market position in breach of antitrust laws in the European Union (EU), including illegally blocking cross-border sales of chocolate, cookies, and coffee products between EU countries, thereby preventing retailers from sourcing products from EU countries where prices were lower.
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In July 2025 Mondelez' Milka chocolate was mocked with Foodwatch's Goldener Windbeutel award for shrinkflation.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
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?
| Metric | 5Y trend | MDLZ | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 21.85Y avg ≈24.4 | ≈24.4 | 28.7 | Undervalued | |
| P/S | 2.05Y avg ≈2.2 | ≈2.2 | 1.1 | Overvalued | |
| P/B | 3.05Y avg ≈3.0 | ≈3.0 | 2.0 | Overvalued | |
| Price / FCF | 23.65Y avg ≈23.6 | ≈23.6 | · | · | |
| Price / Cash Flow | 16.95Y avg ≈17.3 | ≈17.3 | 7.1 | Overvalued |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | MDLZ | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 31.1%5Y avg ≈36.2% | ≈36.2% | 32.4% | Top tier | |
| Operating Margin (TTM) | 11.2%5Y avg ≈13.9% | ≈13.9% | 9.3% | Top tier | |
| EBITDA Margin | 9.2%5Y avg ≈13.9% | ≈13.9% | 10.4% | Top tier | |
| Pretax Margin (TTM) | 10.8%5Y avg ≈13.4% | ≈13.4% | 7.9% | Top tier | |
| Net Profit Margin (TTM) | 8.9%5Y avg ≈11.3% | ≈11.3% | 5.6% | Top tier | |
| ROA (TTM) | 4.9%5Y avg ≈5.5% | ≈5.5% | 3.5% | In line | |
| ROE (TTM) | 13.3%5Y avg ≈13.8% | ≈13.8% | 7.6% | Top tier | |
| ROIC | 9.2%5Y avg ≈12.4% | ≈12.4% | 7.5% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | MDLZ | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.15Y avg ≈0.0 | ≈0.0 | 0.3 | Low debt | |
| Current Ratio (MRQ) | 0.65Y avg ≈0.6 | ≈0.6 | 1.1 | Low liquidity | |
| Quick Ratio | 0.25Y avg ≈0.2 | ≈0.2 | 0.3 | Low liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | MDLZ | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 5.8%5Y avg ≈7.8% | ≈7.8% | · | · | |
| Revenue CAGR 3Y | 7.0%5Y avg ≈8.6% | ≈8.6% | · | · | |
| Revenue CAGR 5Y | 7.7% | · | · | · | |
| EPS YoY | -44.7%5Y avg ≈4.4% | ≈4.4% | · | · | |
| Net Income YoY | -46.8%5Y avg ≈2.6% | ≈2.6% | · | · | |
| EPS CAGR 3Y | -1.2%5Y avg ≈5.5% | ≈5.5% | · | · | |
| EPS CAGR 5Y | -5.2% | · | · | · | |
| Net Income CAGR 3Y | -3.4%5Y avg ≈3.6% | ≈3.6% | · | · | |
| Net Income CAGR 5Y | -7.2% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | MDLZ | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.65Y avg ≈0.5 | ≈0.5 | 0.7 | Weak | |
| Inventory Turnover | 6.75Y avg ≈6.4 | ≈6.4 | 6.0 | Top tier | |
| Receivables Turnover | 9.95Y avg ≈10.9 | ≈10.9 | 14.7 | Weak | |
| Revenue / Employee | ≈$423.5K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 30, 2026 | $0.52 | USD | ≈3.5% |
| Jun 30, 2026 | $0.50 | USD | ≈3.5% |
| Mar 31, 2026 | $0.50 | USD | ≈3.4% |
| Dec 31, 2025 | $0.50 | USD | ≈3.6% |
| Sep 30, 2025 | $0.50 | USD | ≈3.1% |
| Jun 30, 2025 | $0.47 | USD | ≈2.8% |
| Mar 31, 2025 | $0.47 | USD | ≈2.7% |
| Dec 31, 2024 | $0.47 | USD | ≈3.0% |
| Sep 30, 2024 | $0.47 | USD | ≈2.4% |
| Jun 28, 2024 | $0.43 | USD | ≈2.6% |
| Mar 27, 2024 | $0.43 | USD | ≈2.4% |
| Dec 28, 2023 | $0.43 | USD | ≈2.2% |
| Sep 28, 2023 | $0.43 | USD | ≈2.3% |
| Jun 29, 2023 | $0.39 | USD | ≈2.1% |
| Mar 30, 2023 | $0.39 | USD | ≈2.2% |
| Dec 29, 2022 | $0.39 | USD | ≈2.2% |
| Sep 29, 2022 | $0.39 | USD | ≈2.5% |
| Jun 29, 2022 | $0.35 | USD | ≈2.3% |
| Mar 30, 2022 | $0.35 | USD | ≈2.2% |
| Dec 30, 2021 | $0.35 | USD | ≈2.0% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 27, 2026 | $0.73 | $0.69 | 5.2% |
| March 31, 2026 | $0.67 | $0.62 | 8.1% | |
| Dec. 31, 2025 | $0.72 | $0.71 | 1.3% | |
| Sept. 30, 2025 | $0.73 | $0.73 | 0.25% | |
| June 30, 2025 | $0.73 | $0.69 | 5.6% | |
| March 31, 2025 | $0.74 | $0.67 | 10.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.54B | $36.44B | $36.02B | $31.50B | $28.72B | $26.58B | $25.87B | $25.94B | $25.90B | $25.92B | $29.64B | $34.24B | |
| Cost of Revenue | $27.60B | $22.18B | $22.25B | $20.18B | $17.47B | $16.14B | $15.53B | $15.59B | $15.86B | $15.82B | $18.12B | $21.65B | |
| Gross Profit | $10.94B | $14.26B | $13.76B | $11.31B | $11.25B | $10.45B | $10.34B | $10.35B | $10.03B | $10.10B | $11.51B | $12.60B | |
| R&D Expense | $400M | $400M | $380M | $346M | $347M | $332M | $351M | $362M | $366M | $376M | $409M | $455M | |
| SG&A Expense | $7.17B | $7.44B | $8.00B | $7.38B | $6.26B | $6.10B | $6.14B | $6.47B | $5.94B | $6.55B | $7.58B | $8.46B | |
| Operating Income | $3.55B | $6.34B | $5.50B | $3.53B | $4.65B | $3.85B | $3.84B | $3.31B | $3.46B | $2.55B | $8.90B | $3.24B | |
| Other Non-op | $-282M | $-180M | $-310M | $-423M | $-447M | $-608M | $-456M | $-520M | $25M | $-76M | $-53M | $-43M | |
| Pretax Income | $3.01B | $6.26B | $5.88B | $3.23B | $4.37B | $3.38B | $3.45B | $2.84B | $3.12B | $1.45B | $7.88B | $2.55B | |
| Income Tax | $782M | $1.47B | $1.54B | $865M | $1.19B | $1.22B | $2M | $773M | $666M | $114M | $593M | $353M | |
| Net Income | $2.45B | $4.61B | $4.96B | $2.72B | $4.30B | $3.56B | $3.93B | $3.32B | $2.83B | $1.64B | $7.27B | $2.18B | |
| EPS (Basic) | $1.89 | $3.44 | $3.64 | $1.97 | $3.06 | $2.48 | $2.72 | $2.25 | $1.87 | $1.05 | $4.49 | $1.29 | |
| EPS (Diluted) | $1.89 | $3.42 | $3.62 | $1.96 | $3.04 | $2.47 | $2.69 | $2.23 | $1.85 | $1.04 | $4.44 | $1.28 | |
| Shares (Basic) | 1,294,000,000 | 1,341,000,000 | 1,363,000,000 | 1,378,000,000 | 1,403,000,000 | 1,431,000,000 | 1,445,000,000 | 1,472,000,000 | 1,513,000,000 | 1,556,000,000 | 1,618,000,000 | 1,691,000,000 | |
| Shares (Diluted) | 1,298,000,000 | 1,347,000,000 | 1,370,000,000 | 1,385,000,000 | 1,413,000,000 | 1,441,000,000 | 1,458,000,000 | 1,486,000,000 | 1,531,000,000 | 1,573,000,000 | 1,637,000,000 | 1,709,000,000 | |
| EBITDA | $3.55B | $6.34B | $5.50B | $3.53B | $4.65B | $3.85B | $3.84B | $3.31B | $3.51B | $2.57B | $8.90B | $3.24B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables | $3.90B | $3.87B | $3.63B | $3.09B | $2.34B | $2.30B | $2.21B | $2.26B | $2.69B | $2.61B | $2.63B | $3.80B | |
| Inventory | $4.42B | $3.83B | $3.62B | $3.38B | $2.71B | $2.65B | $2.55B | $2.59B | $2.56B | $2.47B | $2.61B | $3.48B | |
| Other Current Assets | $1.55B | $3.25B | $1.77B | $880M | $900M | $759M | $866M | $906M | $676M | $800M | $633M | $1.41B | |
| Current Assets | $12.95B | $13.24B | $11.70B | $10.09B | $10.34B | $9.98B | $7.63B | $7.60B | $7.52B | $8.48B | $8.96B | $11.75B | |
| PP&E (Net) | · | · | · | · | · | · | · | $8.48B | $8.68B | $8.23B | $8.36B | $9.83B | |
| PP&E (Gross) | · | · | · | · | · | · | · | $15.24B | $15.68B | $14.69B | $14.55B | $16.91B | |
| Accum. Depreciation | · | · | · | · | · | · | · | $6.76B | $7.00B | $6.46B | $6.19B | $7.08B | |
| Goodwill | $24.34B | $23.02B | $23.90B | $23.45B | $21.98B | $21.89B | $20.85B | $20.73B | $21.09B | $20.28B | $20.66B | $23.39B | |
| Intangibles | $19.63B | $18.85B | $19.84B | $19.71B | $18.29B | $18.48B | $17.96B | $18.00B | $18.64B | $18.10B | $18.77B | $20.34B | |
| Other Non-current Assets | $951M | $1.19B | $886M | $1.86B | $371M | $292M | $359M | $406M | $366M | $350M | $358M | $755M | |
| Total Assets | $71.49B | $68.50B | $71.39B | $71.16B | $67.09B | $67.81B | $64.52B | $62.62B | $62.96B | $61.51B | $62.84B | $66.77B | |
| Accounts Payable | $10.14B | $9.43B | $8.32B | $7.56B | $6.73B | $6.21B | $5.85B | $5.79B | $5.71B | $5.32B | $4.89B | $5.30B | |
| Short-term Debt | $2.69B | $71M | $420M | $2.30B | $216M | $29M | $2.64B | $3.19B | $3.52B | $2.53B | $236M | $1.30B | |
| Current Liabilities | $21.86B | $19.55B | $19.01B | $16.73B | $14.01B | $15.16B | $15.32B | $16.74B | $15.79B | $14.42B | $10.92B | $14.01B | |
| Capital Leases | $599M | $623M | $537M | $514M | $459M | $470M | $403M | $0 | · | · | · | · | |
| Deferred Tax | $3.53B | $3.42B | $3.29B | $3.44B | $3.44B | $3.35B | $3.34B | $3.55B | $3.34B | $4.72B | $4.75B | $5.51B | |
| Other Non-current Liabilities | $1.89B | $1.79B | $2.73B | $2.69B | $2.33B | $2.30B | $2.35B | $2.62B | $2.69B | $1.57B | $1.83B | $2.14B | |
| Total Liabilities | $45.60B | $41.54B | $43.02B | $44.24B | $38.77B | $40.16B | $37.20B | $37.02B | $36.88B | $36.32B | $34.74B | $38.92B | |
| Long-term Debt | · | · | · | · | · | · | $15.88B | $15.25B | $14.20B | $14.74B | $15.23B | $15.40B | |
| Total Debt | $2.69B | $71M | $420M | $2.30B | $216M | $29M | $2.64B | $3.19B | $3.52B | $2.53B | $236M | $1.30B | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | · | · | $31.65B | |
| Retained Earnings | $36.41B | $36.48B | $34.24B | $31.48B | $30.81B | $28.40B | $26.61B | $24.49B | $22.63B | $21.15B | $20.70B | $14.53B | |
| Treasury Stock | $31.53B | $29.35B | $27.17B | $25.79B | $24.01B | $22.20B | $21.14B | $20.18B | $18.55B | $16.71B | $14.46B | $11.11B | |
| AOCI | $-11.36B | $-12.47B | $-10.95B | $-10.95B | $-10.62B | $-10.69B | $-10.25B | $-10.63B | $-10.00B | $-11.12B | $-9.99B | $-7.32B | |
| Stockholders' Equity | $25.84B | $26.93B | $28.33B | $26.88B | $28.27B | $27.58B | $27.24B | $25.64B | $25.99B | $25.16B | $28.01B | $27.75B | |
| Liabilities + Equity | $71.49B | $68.50B | $71.39B | $71.16B | $67.09B | $67.81B | $64.52B | $62.73B | $62.96B | $61.54B | $62.84B | $66.77B | |
| Shares Outstanding | 1,281,576,414 | 1,317,829,138 | 1,348,482,705 | 1,365,891,091 | 1,391,630,539 | 1,419,174,221 | · | · | · | · | · | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1.36B | $1.30B | $1.22B | $1.11B | $1.11B | $1.12B | $1.05B | $811M | $816M | $823M | $894M | $1.06B | |
| Stock-based Comp | $114M | $147M | $146M | $120M | $121M | $126M | $135M | $128M | $137M | $140M | $136M | $141M | |
| Deferred Tax | $16M | $257M | $-37M | $-42M | $205M | $-70M | $-631M | $233M | $-1.23B | $-156M | $-30M | $-186M | |
| Amort. of Intangibles | $142M | $153M | $151M | $132M | $134M | $194M | $174M | $176M | $178M | $176M | $181M | $206M | |
| Operating Cash Flow | $4.51B | $4.91B | $4.71B | $3.91B | $4.14B | $3.96B | $3.96B | $3.95B | $2.59B | $2.84B | $3.73B | $3.56B | |
| CapEx | $1.28B | $1.39B | $1.11B | $906M | $965M | $863M | $925M | $1.09B | $1.01B | $1.22B | $1.51B | $1.64B | |
| Investing Cash Flow | $-1.20B | $526M | $2.81B | $-4.89B | $-26M | $500M | $-960M | $-1.22B | $-301M | $-1.03B | $2.65B | $-1.64B | |
| Debt Issued | $1.59B | $1.67B | $277M | $4.49B | $5.92B | $7.21B | $3.14B | $2.95B | $350M | $5.64B | $4.62B | $3.03B | |
| Net Debt Issued | $-483M | $-883M | $-2.15B | $1.46B | $-326M | $3.33B | $459M | $1.13B | $-1.12B | $-546M | $-351M | $15M | |
| Stock Repurchased | $2.38B | $2.33B | $1.55B | $2.02B | $2.11B | $1.39B | $1.48B | $2.02B | $2.17B | $2.60B | $3.62B | $1.70B | |
| Net Stock Activity | $-2.38B | $-2.33B | $-1.55B | $-2.02B | $-2.11B | $-1.39B | $-1.48B | $-2.02B | $-2.17B | $-2.60B | $-3.62B | $-1.70B | |
| Dividends Paid | $2.49B | $2.35B | $2.16B | $1.99B | $1.83B | $1.68B | $1.54B | $1.36B | $1.20B | $1.09B | $1.01B | $964M | |
| Financing Cash Flow | $-2.76B | $-5.78B | $-7.56B | $-456M | $-4.07B | $-2.21B | $-2.79B | $-2.33B | $-3.36B | $-1.86B | $-5.88B | $-2.69B | |
| Net Change in Cash | $795M | $-484M | $-64M | $-1.60B | $-97M | $2.32B | $228M | $339M | $-980M | $-129M | $239M | $-991M | |
| Taxes Paid | $1.07B | · | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $3.23B | $3.52B | $3.60B | $3.00B | $3.18B | $3.10B | $3.04B | $2.85B | $1.58B | $1.61B | $2.21B | $1.92B |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.4% | 39.1% | 38.2% | 35.9% | 39.2% | 39.3% | 40.0% | 39.9% | 38.9% | 39.1% | 38.8% | 36.8% | |
| Operating Margin | 9.2% | 17.4% | 15.3% | 11.2% | 16.2% | 14.5% | 14.9% | 12.8% | 13.5% | 9.9% | 30.0% | 9.5% | |
| Net Margin | 6.4% | 12.7% | 13.8% | 8.6% | 15.0% | 13.4% | 15.0% | 13.0% | 11.3% | 6.4% | 24.5% | 6.4% | |
| Pretax Margin | 7.8% | 17.2% | 16.3% | 10.2% | 15.2% | 12.7% | 13.3% | 11.0% | 12.1% | 5.6% | 26.6% | 7.5% | |
| EBITDA Margin | 9.2% | 17.4% | 15.3% | 11.2% | 16.2% | 14.5% | 14.9% | 12.8% | 13.5% | 9.9% | 30.0% | 9.5% | |
| ROA | 3.5% | 6.6% | 7.0% | 3.9% | 6.4% | 5.4% | 6.1% | 5.4% | 4.7% | 2.7% | 11.2% | 3.1% | |
| ROE | 9.3% | 16.7% | 18.0% | 9.8% | 15.4% | 13.0% | 14.6% | 13.1% | 11.4% | 6.2% | 26.1% | 7.3% | |
| ROIC | 9.2% | 18.0% | 14.1% | 8.9% | 11.9% | 8.9% | 12.8% | 8.4% | 9.2% | 8.5% | 29.1% | 9.6% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.6 | 0.7 | 0.6 | 0.6 | 0.7 | 0.7 | 0.5 | 0.5 | 0.5 | 0.6 | 0.8 | 0.8 | |
| Quick Ratio | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | |
| Debt / Equity | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | |
| Inventory Turnover | 6.7 | 6.0 | 6.4 | 6.6 | 6.5 | 6.2 | 6.0 | 6.1 | 6.3 | 6.2 | 6.0 | 6.0 | |
| Receivables Turnover | 9.9 | 9.7 | 10.7 | 11.6 | 12.4 | 11.8 | 11.6 | 10.5 | 9.8 | 9.9 | 9.2 | 8.3 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $20.16 | $20.44 | $21.01 | · | · | · | · | · | · | · | · | · | |
| Revenue / Share | $29.69 | $27.05 | $26.29 | $22.74 | $20.33 | $18.45 | $17.74 | $17.45 | $16.91 | $16.48 | $18.10 | $20.04 | |
| Cash Flow / Share | $3.48 | $3.65 | $3.44 | $2.82 | $2.93 | $2.75 | $2.72 | $2.66 | $1.69 | $1.80 | $2.28 | $2.08 | |
| Dividend / Share | $1.94 | $1.79 | $1.62 | $1.47 | · | · | · | · | $0.82 | $0.72 | $0.64 | $0.58 | |
| EPS (TTM) | $1.89 | $3.42 | $3.62 | $1.96 | $3.04 | $2.47 | $2.69 | $2.23 | $1.85 | $1.04 | $4.44 | $1.28 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 5.8% | 1.2% | 14.3% | 9.7% | 8.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 7.0% | 8.3% | 10.7% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 7.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -44.7% | -5.5% | 84.7% | -35.5% | 23.1% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -1.2% | 4.0% | 13.6% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -5.2% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -46.8% | -7.0% | 82.5% | -36.8% | 21.0% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -3.4% | 2.4% | 11.7% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -7.2% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 8.2% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $38.54B | $36.44B | $36.02B | $31.50B | $28.72B | $26.58B | $25.87B | $25.94B | $25.90B | $25.92B | $29.64B | $34.24B | |
| Net Income TTM | $2.45B | $4.61B | $4.96B | $2.72B | $4.30B | $3.56B | $3.93B | $3.32B | $2.83B | $1.64B | $7.27B | $2.18B | |
| Market Cap | $68.99B | $78.71B | $97.67B | · | · | · | · | · | · | · | · | · | |
| P/E | 28.5 | 17.5 | 20.0 | 34.0 | 21.8 | 23.7 | 20.5 | 18.0 | 23.1 | 42.6 | 10.1 | 28.4 | |
| P/S | 1.8 | 2.2 | 2.7 | · | · | · | · | · | · | · | · | · | |
| P/B | 2.7 | 2.9 | 3.4 | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 15.3 | 16.0 | 20.7 | · | · | · | · | · | · | · | · | · | |
| P / FCF | 21.3 | 22.3 | 27.1 | · | · | · | · | · | · | · | · | · | |
| Dividend Yield | 3.6% | 3.0% | 2.2% | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 3.5% | 5.7% | 5.0% | 2.9% | 4.6% | 4.2% | 4.9% | 5.6% | 4.3% | 2.4% | 9.9% | 3.5% | |
| Payout Ratio | 101.5% | 50.9% | 43.6% | 73.1% | 42.5% | 47.2% | 39.8% | 40.2% | 41.0% | 65.9% | 13.9% | 44.1% | |
| Annual Payout | $2.49B | $2.35B | $2.16B | $1.99B | $1.83B | $1.68B | $1.54B | $1.36B | $1.20B | $1.09B | $1.01B | $964M |
Income Statement
| 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 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.36B | $10.08B | $10.50B | $9.74B | $8.98B | $9.31B | $9.60B | $9.20B | $8.34B | $9.29B | $9.31B | $9.03B | $8.51B | $9.17B | $8.70B | $7.76B | |
| Cost of Revenue | $5.37B | $7.28B | $7.54B | $7.13B | $6.05B | $6.88B | $5.89B | $6.21B | $5.55B | $4.54B | $5.84B | $5.54B | $5.15B | $5.72B | $5.62B | $5.15B | |
| Gross Profit | $3.99B | $2.80B | $2.96B | $2.61B | $2.94B | $2.43B | $3.71B | $3.00B | $2.80B | $4.75B | $3.47B | $3.49B | $3.35B | $3.45B | $3.08B | $2.61B | |
| SG&A Expense | $2.00B | $1.92B | $1.94B | $1.79B | $1.73B | $1.71B | $1.98B | $1.63B | $1.89B | $1.94B | $2.26B | $2.02B | $1.87B | $1.85B | $2.13B | $1.88B | |
| Operating Income | $1.95B | $808M | $952M | $744M | $1.17B | $680M | $1.61B | $1.15B | $854M | $2.73B | $1.19B | $1.38B | $1.43B | $1.50B | $834M | $679M | |
| Other Non-op | $70M | $84M | $-499M | $135M | $98M | $-16M | $-415M | $83M | $98M | $54M | $-52M | $-66M | $-97M | $-95M | $-86M | $-71M | |
| Pretax Income | $1.90B | $775M | $919M | $695M | $855M | $545M | $1.60B | $1.13B | $850M | $2.68B | $1.16B | $1.33B | $1.16B | $2.23B | $772M | $638M | |
| Income Tax | $364M | $228M | $261M | $137M | $230M | $154M | $216M | $326M | $295M | $632M | $257M | $354M | $268M | $658M | $270M | $184M | |
| Net Income | $1.55B | $560M | $665M | $743M | $641M | $402M | $1.75B | $853M | $601M | $1.41B | $950M | $984M | $944M | $2.08B | $583M | $532M | |
| EPS (Basic) | $1.21 | $0.44 | $0.52 | $0.57 | $0.49 | $0.31 | $1.30 | $0.64 | $0.45 | $1.05 | $0.71 | $0.72 | $0.69 | $1.52 | $0.42 | $0.39 | |
| EPS (Diluted) | $1.20 | $0.44 | $0.52 | $0.57 | $0.49 | $0.31 | $1.30 | $0.63 | $0.45 | $1.04 | $0.69 | $0.72 | $0.69 | $1.52 | $0.42 | $0.39 | |
| Shares (Basic) | 1,284,000,000 | 1,283,000,000 | · | 1,293,000,000 | 1,295,000,000 | 1,301,000,000 | · | 1,339,000,000 | 1,343,000,000 | 1,348,000,000 | · | 1,363,000,000 | 1,364,000,000 | 1,366,000,000 | · | 1,372,000,000 | |
| Shares (Diluted) | 1,287,000,000 | 1,286,000,000 | · | 1,296,000,000 | 1,299,000,000 | 1,305,000,000 | · | 1,344,000,000 | 1,348,000,000 | 1,355,000,000 | · | 1,370,000,000 | 1,372,000,000 | 1,373,000,000 | · | 1,379,000,000 | |
| EBITDA | $1.95B | $808M | · | $744M | $1.17B | $680M | · | $1.15B | $854M | $2.73B | · | $1.38B | $1.43B | $1.50B | · | $679M |
Balance Sheet
| 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 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables | $4.01B | $4.40B | $3.90B | $4.19B | $3.53B | $4.32B | $3.87B | $3.80B | $3.17B | $4.00B | · | $3.50B | $2.93B | $3.50B | · | $2.82B | |
| Inventory | $4.41B | $4.08B | $4.42B | $5.10B | $4.95B | $4.25B | $3.83B | $4.27B | $4.01B | $3.56B | · | $3.81B | $3.83B | $3.63B | · | $3.39B | |
| Other Current Assets | $1.81B | $1.76B | $1.55B | $1.44B | $1.66B | $1.66B | $3.25B | $2.72B | $5.75B | $9.67B | · | $1.81B | $2.53B | $2.81B | · | $837M | |
| Current Assets | $12.94B | $12.74B | $12.95B | $13.15B | $12.75B | $12.73B | $13.24B | $13.20B | $15.17B | $19.43B | · | $11.52B | $11.62B | $12.67B | · | $9.91B | |
| Goodwill | $24.18B | $24.23B | $24.34B | $24.25B | $24.34B | $23.44B | $23.02B | $23.77B | $23.39B | $23.54B | $23.90B | $23.31B | $23.67B | $23.60B | $23.45B | $22.39B | |
| Intangibles | $19.51B | $19.53B | $19.63B | $19.61B | $19.73B | $19.13B | $18.85B | $19.46B | $19.40B | $19.61B | · | $19.48B | $19.84B | $19.81B | · | $19.31B | |
| Other Non-current Assets | $1.19B | $1.14B | $951M | $1.03B | $922M | $1.10B | $1.19B | $1.19B | $1.24B | $1.08B | · | $2.17B | $2.17B | $2.00B | · | $1.07B | |
| Total Assets | $71.25B | $71.12B | $71.49B | $71.36B | $71.02B | $68.93B | $68.50B | $72.19B | $73.10B | $77.62B | · | $70.86B | $72.03B | $72.79B | · | $68.04B | |
| Accounts Payable | $9.41B | $9.74B | $10.14B | $10.02B | $9.97B | $9.92B | $9.43B | $9.11B | $8.37B | $8.62B | · | $7.66B | $7.74B | $7.88B | · | $6.73B | |
| Short-term Debt | $2.33B | $2.88B | $2.69B | $2.65B | $1.66B | $1.91B | $71M | $1.48B | $838M | $259M | · | $1.22B | $2.18B | $2.46B | · | $1.75B | |
| Current Liabilities | $21.59B | $23.50B | $21.86B | $21.51B | $19.88B | $21.00B | $19.55B | $21.07B | $22.43B | $25.29B | · | $18.94B | $18.00B | $18.53B | · | $14.32B | |
| Capital Leases | $609M | $598M | $599M | $611M | $618M | $617M | $623M | $621M | $492M | $504M | · | $466M | $492M | $508M | · | $523M | |
| Deferred Tax | $3.54B | $3.55B | $3.53B | $3.45B | $3.55B | $3.43B | $3.42B | $3.42B | $3.35B | $3.41B | · | $3.44B | $3.52B | $3.65B | · | $3.40B | |
| Other Non-current Liabilities | $1.91B | $1.74B | $1.89B | $1.97B | $2.13B | $1.80B | $1.79B | $2.19B | $2.47B | $2.61B | · | $2.48B | $2.59B | $2.67B | · | $2.48B | |
| Total Liabilities | $44.55B | $45.32B | $45.60B | $45.13B | $44.77B | $43.10B | $41.54B | $44.30B | $45.38B | $49.11B | · | $42.30B | $43.35B | $44.51B | · | $41.37B | |
| Total Debt | $2.33B | $2.88B | · | $2.65B | $1.66B | $1.91B | · | $1.48B | $838M | $259M | · | $1.22B | $2.18B | $2.46B | · | $1.75B | |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | |
| Retained Earnings | $37.23B | $36.33B | $36.41B | $36.39B | $36.29B | $36.26B | $36.48B | $35.33B | $35.11B | $35.07B | · | $33.87B | $33.46B | $33.04B | · | $31.44B | |
| Treasury Stock | $31.64B | $31.45B | $31.53B | $31.05B | $30.82B | $30.73B | $29.35B | $28.14B | $28.10B | $27.62B | · | $26.28B | $26.25B | $26.11B | · | $25.68B | |
| AOCI | $-11.28B | $-11.41B | $-11.36B | $-11.46B | $-11.56B | $-11.98B | $-12.47B | $-11.58B | $-11.52B | $-11.13B | · | $-11.23B | $-10.71B | $-10.81B | · | $-11.23B | |
| Stockholders' Equity | $26.64B | $25.75B | $25.84B | $26.18B | $26.19B | $25.79B | $26.93B | $27.85B | $27.69B | $28.48B | · | $28.54B | $28.65B | $28.23B | · | $26.64B | |
| Liabilities + Equity | $71.25B | $71.12B | $71.49B | $71.36B | $71.02B | $68.93B | $68.50B | $72.19B | $73.10B | $77.62B | · | $70.86B | $72.03B | $72.79B | · | $68.04B | |
| Shares Outstanding | · | · | 1,281,576,414 | · | · | · | 1,317,829,138 | · | · | · | 1,348,482,705 | · | · | · | 1,365,891,091 | · |
Cash Flow
| 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 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $350M | $343M | $352M | $343M | $339M | $324M | $331M | $335M | $317M | $319M | $313M | $309M | $290M | $303M | $288M | $271M | |
| Stock-based Comp | $58M | $29M | $30M | $19M | $47M | $18M | $35M | $43M | $38M | $31M | $37M | $34M | $37M | $38M | $32M | $32M | |
| Deferred Tax | $141M | $8M | $174M | $-89M | $27M | $-96M | $90M | $-38M | $-65M | $270M | $-46M | $-92M | $-98M | $199M | $-83M | $73M | |
| Amort. of Intangibles | $26M | $27M | $35M | $32M | $38M | $37M | $38M | $40M | $37M | $38M | $37M | $38M | $37M | $39M | $36M | $32M | |
| Operating Cash Flow | $855M | $467M | $2.40B | $717M | $308M | $1.09B | $1.46B | $1.30B | $822M | $1.32B | $1.56B | $1.18B | $850M | $1.12B | $1.39B | $549M | |
| CapEx | $342M | $312M | $398M | $299M | $305M | $277M | $405M | $316M | $367M | $299M | $332M | $285M | $272M | $223M | $285M | $236M | |
| Investing Cash Flow | $-294M | $-422M | $-266M | $-339M | $-340M | $-251M | $1.70B | $-323M | $-401M | $-446M | $1.03B | $536M | $614M | $636M | $-1.48B | $-2.41B | |
| Debt Issued | · | · | $0 | $0 | $1.59B | $0 | $0 | $969M | $155M | $547M | $88M | $0 | $189M | $0 | $0 | $2.50B | |
| Net Debt Issued | · | $-262M | · | · | · | $-453M | · | · | · | $13M | · | · | · | $-1.04B | · | · | |
| Stock Repurchased | $212M | $0 | $492M | $240M | $131M | $1.52B | $1.15B | $113M | $506M | $568M | $888M | $63M | $197M | $399M | $179M | $332M | |
| Net Stock Activity | · | $0 | · | · | · | $-1.52B | · | · | · | $-568M | · | · | · | $-399M | · | · | |
| Dividends Paid | $643M | $644M | $645M | $609M | $610M | $623M | $627M | $571M | $573M | $578M | $579M | $526M | $526M | $529M | $528M | $480M | |
| Financing Cash Flow | $-435M | $-604M | $-1.41B | $-484M | $-158M | $-704M | $-3.22B | $-954M | $-381M | $-1.22B | $-2.48B | $-1.53B | $-1.78B | $-1.76B | $-159M | $2.22B | |
| Net Change in Cash | $128M | $-564M | $729M | $-121M | $-38M | $225M | $-173M | $102M | $9M | $-422M | $207M | $124M | $-386M | $-9M | $-247M | $260M | |
| Free Cash Flow | · | $155M | · | · | · | $815M | · | · | · | $1.02B | · | · | · | $900M | · | · |
Profitability
| 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 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.6% | 27.8% | · | 26.8% | 32.7% | 26.1% | · | 32.6% | 33.5% | 51.1% | · | 38.7% | 39.4% | 37.6% | · | 33.7% | |
| Operating Margin | 20.8% | 8.0% | · | 7.6% | 13.1% | 7.3% | · | 12.5% | 10.2% | 29.3% | · | 15.3% | 16.8% | 16.4% | · | 8.8% | |
| Net Margin | 16.6% | 5.6% | · | 7.6% | 7.1% | 4.3% | · | 9.3% | 7.2% | 15.2% | · | 10.9% | 11.1% | 22.7% | · | 6.9% | |
| Pretax Margin | 20.3% | 7.7% | · | 7.1% | 9.5% | 5.9% | · | 12.3% | 10.2% | 28.9% | · | 14.7% | 13.7% | 24.3% | · | 8.2% | |
| EBITDA Margin | 20.8% | 8.0% | · | 7.6% | 13.1% | 7.3% | · | 12.5% | 10.2% | 29.3% | · | 15.3% | 16.8% | 16.4% | · | 8.8% | |
| ROA | 2.2% | 0.80% | · | 1.0% | 0.89% | 0.55% | · | 1.2% | 0.83% | 1.9% | · | 1.4% | 1.4% | 3.0% | · | 0.79% | |
| ROE | 5.9% | 2.2% | · | 2.8% | 2.4% | 1.5% | · | 3.0% | 2.1% | 5.0% | · | 3.6% | 3.4% | 7.4% | · | 2.0% | |
| ROIC | 5.4% | 2.0% | · | 2.1% | 3.1% | 1.8% | · | 2.8% | 1.9% | 7.2% | · | 3.4% | 3.6% | 3.5% | · | 1.7% |
Liquidity & Solvency
| 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 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.6 | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.7 | 0.8 | · | 0.6 | 0.6 | 0.7 | · | 0.7 | |
| Quick Ratio | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.1 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Debt / Equity | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.1 | · | 0.1 |
Efficiency
| 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 | Q1 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 | 0.1 | · | 0.1 | |
| Inventory Turnover | 1.1 | 1.7 | · | 1.5 | 1.3 | 1.8 | · | 1.5 | 1.4 | 1.3 | · | 1.5 | 1.5 | 1.8 | · | 1.6 | |
| Receivables Turnover | 2.5 | 2.3 | · | 2.4 | 2.7 | 2.2 | · | 2.5 | 2.7 | 2.5 | · | 2.9 | 3.2 | 2.8 | · | 2.8 |
Per Share
| 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 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $7.27 | $7.84 | · | $7.52 | $6.92 | $7.14 | · | $6.85 | $6.19 | $6.86 | · | $6.59 | $6.21 | $6.68 | · | $5.63 | |
| Cash Flow / Share | · | $0.36 | · | · | · | $0.84 | · | · | · | $0.98 | · | · | · | $0.82 | · | · | |
| Dividend / Share | $0.50 | $0.50 | $0.50 | $0.50 | $0.47 | $0.47 | $0.47 | $0.47 | $0.42 | $0.42 | $0.42 | $0.42 | $0.39 | $0.39 | · | · | |
| EPS (TTM) | $2.73 | $2.02 | · | $2.67 | $2.73 | $2.69 | · | $2.81 | $2.90 | $3.14 | · | $3.35 | $3.02 | $2.87 | · | $2.25 |
Valuation (TTM)
| 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 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $39.67B | $39.30B | · | $37.65B | $37.10B | $36.46B | · | $36.15B | $35.98B | $36.14B | · | $35.40B | $34.13B | $32.90B | · | $30.46B | |
| Net Income TTM | $3.52B | $2.61B | · | $3.53B | $3.64B | $3.60B | · | $3.82B | $3.95B | $4.29B | · | $4.59B | $4.14B | $3.94B | · | $3.14B | |
| P/E | 21.2 | 28.5 | · | 23.4 | 24.7 | 25.2 | · | 26.2 | 22.6 | 22.3 | · | 20.7 | 24.2 | 24.3 | · | 24.4 | |
| Earnings Yield | 4.7% | 3.5% | · | 4.3% | 4.0% | 4.0% | · | 3.8% | 4.4% | 4.5% | · | 4.8% | 4.1% | 4.1% | · | 4.1% | |
| Payout Ratio | · | 115.0% | · | · | · | 155.0% | · | · | · | 40.9% | · | · | · | 25.4% | · | · | |
| Annual Payout | $2.54B | $2.51B | · | $2.47B | $2.43B | $2.39B | · | $2.30B | $2.26B | $2.21B | · | $2.11B | $2.06B | $2.02B | · | $1.95B |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $38.54B | $36.44B | $36.02B | $31.50B | $28.72B |
| Gross Margin % | 28.4% | 39.1% | 38.2% | 35.9% | 39.2% |
| Operating Margin % | 9.2% | 17.4% | 15.3% | 11.2% | 16.2% |
| Net Income | $2.45B | $4.61B | $4.96B | $2.72B | $4.30B |
| Diluted EPS | $1.89 | $3.42 | $3.62 | $1.96 | $3.04 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 |
| Current Ratio | 0.6 | 0.7 | 0.6 | 0.6 | 0.7 |
| Quick Ratio | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $3.23B | $3.52B | $3.60B | $3.00B | $3.18B |
Institutional owners (13F) 2,078 filers · $69.9B total · As of Sept. 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 |
|---|---|---|---|---|
| 127 (-119 vs prior Q) | 115 (-18 vs prior Q) | 710 (+27 vs prior Q) | 770 (+30 vs prior Q) | +21.6M |
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 |
|---|---|---|---|---|
| VANGUARD GROUP INC | $7,013,178,515 | 130,283,829 | 10.04% | Shares |
| BlackRock, Inc. | $6,129,265,521 | 105,969,321 | 8.77% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $4,850,354,239 | 83,858,130 | 6.94% | Shares |
| Capital Research Global Investors | $4,030,100,719 | 69,663,227 | 5.77% | Shares |
| JPMORGAN CHASE & CO | $3,653,804,198 | 60,744,872 | 5.23% | Shares |
| STATE STREET CORP | $3,475,531,725 | 59,579,607 | 4.98% | Shares |
| Capital International Investors | $2,926,897,856 | 50,549,498 | 4.19% | Shares |
| Invesco Ltd. | $2,640,353,143 | 45,649,259 | 3.78% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,972,929,283 | 34,110,119 | 2.82% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,732,645,856 | 30,090,399 | 2.48% | Shares |
| FMR LLC | $1,253,770,752 | 21,676,534 | 1.79% | Shares |
| MORGAN STANLEY | $1,190,661,987 | 20,585,438 | 1.70% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,145,868,666 | 19,811,007 | 1.64% | Shares |
| NORGES BANK | $960,431,118 | 16,604,964 | 1.37% | Shares |
| NORTHERN TRUST CORP | $786,849,345 | 13,603,896 | 1.13% | Shares |
| GOLDMAN SACHS GROUP INC | $768,985,070 | 13,295,039 | 1.10% | Shares |
| DEUTSCHE BANK AG\ | $752,845,786 | 13,016,006 | 1.08% | Shares |
| Nuveen, LLC | $748,729,608 | 12,944,842 | 1.07% | Shares |
| WELLS FARGO & COMPANY/MN | $602,825,757 | 10,422,298 | 0.86% | Shares |
| UBS Group AG | $599,151,663 | 10,358,777 | 0.86% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $556,498,223 | 9,617,416 | 0.80% | Shares |
| CITADEL ADVISORS LLC | $543,956,858 | 9,404,510 | 0.78% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $507,660,002 | 8,776,971 | 0.73% | Shares |
| Point72 Asset Management, L.P. | $475,233,510 | 8,216,347 | 0.68% | Shares |
| Bank of New York Mellon Corp | $464,055,975 | 8,023,098 | 0.66% | Shares |
| Legal & General Group Plc | $441,388,726 | 7,631,202 | 0.63% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $416,924,659 | 7,208,241 | 0.60% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $415,049,212 | 7,200,715 | 0.59% | Shares |
| Balyasny Asset Management L.P. | $341,411,127 | 5,902,682 | 0.49% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $332,795,280 | 5,753,722 | 0.48% | Shares |
| HARRIS ASSOCIATES L P | $319,307,802 | 5,520,536 | 0.46% | Shares |
| VAN ECK ASSOCIATES CORP | $299,516,401 | 5,178,361 | 0.43% | Shares |
| CIBC Private Wealth Group LLC | $297,693,763 | 4,765,388 | 0.43% | Shares |
| MILLENNIUM MANAGEMENT LLC | $269,429,594 | 4,658,188 | 0.39% | Shares |
| ROYAL BANK OF CANADA | $261,991,000 | 4,529,563 | 0.38% | Shares |
| FEDERATED HERMES, INC. | $252,339,263 | 4,362,712 | 0.36% | Shares |
| FRANKLIN RESOURCES INC | $246,261,529 | 4,257,634 | 0.35% | Shares |
| CIBC Bancorp USA Inc. | $244,553,963 | 4,223,363 | 0.35% | Shares |
| AMERICAN CENTURY COMPANIES INC | $240,099,394 | 4,151,094 | 0.34% | Shares |
| Bahl & Gaynor LLC | $234,841,228 | 4,060,187 | 0.34% | Shares |
| BANK OF MONTREAL /CAN/ | $234,094,358 | 4,047,275 | 0.34% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $218,472,180 | 3,777,181 | 0.31% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $214,846,564 | 3,714,498 | 0.31% | Shares |
| Swiss National Bank | $209,116,124 | 3,615,424 | 0.30% | Shares |
| BARCLAYS PLC | $205,411,993 | 3,551,383 | 0.29% | Shares |
| NEUBERGER BERMAN GROUP LLC | $202,144,204 | 3,494,886 | 0.29% | Shares |
| National Pension Service | $200,392,290 | 3,464,597 | 0.29% | Shares |
| Ensign Peak Advisors, Inc | $192,951,811 | 3,335,958 | 0.28% | Shares |
| Guinness Asset Management LTD | $188,665,958 | 3,262,991 | 0.27% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $187,876,813 | 3,248,216 | 0.27% | Shares |
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 |
|---|---|---|---|---|---|
| Pershing Square Capital Management, L.P., PS Management GP, LLC, William A. Ackman ×6 filings | Oct. 6, 2017 | · | Initial filing | · | 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.
Company insiders 120 insiders · 55 officers · 38 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Dirk Van De Put | Chief Executive Officer | Aug. 19, 2026 M | 1,326,488 | 0 | 1 | $-8,559,806 |
| Amit Banati | EVP and CFO | July 1, 2026 A | 20,370 | 0 | 0 | $0 |
| Brian T Gladden | EVP & CFO | Feb. 22, 2018 A | 194,565 | 0 | 0 | $0 |
| James P Dollive | Exec.VP and CFO | March 30, 2007 A | 21,797 | 0 | 0 | $0 |
| Luca Zaramella | EVP & Chief Operating Officer | Sept. 2, 2026 M | 404,013 | 0 | 0 | $0 |
| Brian Stevens | SVP, CTR & Chief Accoun Off | May 1, 2026 S | 0 | 0 | 2 | $-3,934 |
| Volker Kuhn | EVP and President, Europe | April 1, 2026 F | 25,820 | 0 | 0 | $0 |
| Stephanie Lilak | EVP and Chief People Officer | April 1, 2026 F | 24,118 | 0 | 0 | $0 |
| Martin Renaud | EVP, Chief Mkting & Sales Off | Feb. 11, 2026 A | 99,196 | 0 | 0 | $0 |
| Deepak D. Iyer | EVP and President AMEA | Feb. 11, 2026 A | 55,747 | 0 | 0 | $0 |
| Gustavo Carlos Valle | EVP and President, NA | Feb. 11, 2026 A | 99,596 | 0 | 1 | $-186,000 |
| Mariano Lozano | EVP and President, LA | Feb. 11, 2026 A | 38,094 | 0 | 0 | $0 |
| Laura Stein | EVP, CLA and General Counsel | Feb. 11, 2026 A | 95,651 | 0 | 0 | $0 |
| Vinzenz P. Gruber | EVP and President, Europe | March 11, 2025 M | 330,878 | 0 | 0 | $0 |
| Michael Andrew Call | SVP, Corp Controller & CAO | Jan. 2, 2025 A | 36,255 | 0 | 0 | $0 |
| Daniel E Ramos | EVP & Chief Res & Dev Officer | Feb. 27, 2024 F | 12,473 | 0 | 0 | $0 |
| Maurizio Brusadelli | EVP and President AMEA | March 2, 2023 A | 205,081 | 0 | 0 | $0 |
| Paulette Alviti | EVP and Chief People Officer | March 2, 2023 A | 103,509 | 0 | 0 | $0 |
| Robin S. Hargrove | EVP, Res, Dev & Qlty | May 11, 2022 S | 32,024 | 0 | 0 | $0 |
| Sandra Macquillan | EVP & Chief Supply Chain Off | Feb. 24, 2022 A | 40,943 | 0 | 0 | $0 |
| Glen Walter | EVP & President, North America | Feb. 24, 2022 F | 90,170 | 0 | 0 | $0 |
| Nelson Urdaneta | SVP, Corp. Controller & CAO | Feb. 22, 2021 M | 69,149 | 0 | 0 | $0 |
| Gerhard W. Pleuhs | EVP & General Counsel | Aug. 12, 2020 M | 48,563 | 0 | 0 | $0 |
| Timothy P. Cofer | EVP & Chief Growth Officer | Aug. 30, 2019 M | 481,523 | 0 | 0 | $0 |
| Alejandro Lorenzo | EVP & President, LA | March 5, 2019 S | 59,320 | 0 | 0 | $0 |
| Myers Daniel P. | EVP, Integrated Supply Chain | Feb. 22, 2019 A | 16,377 | 0 | 0 | $0 |
| Hubert Weber | EVP and President, Europe | Feb. 22, 2018 A | 149,934 | 0 | 0 | $0 |
| Karen J May | EVP, Human Resources | Feb. 22, 2018 A | 362,574 | 0 | 0 | $0 |
| Marques Roberto De Oliveira | EVP & President, North America | March 9, 2017 F | 95,751 | 0 | 0 | $0 |
| Mark A. Clouse | EVP & Chief Commercial Officer | May 11, 2016 M | 282,376 | 0 | 0 | $0 |
| Lawrence C. Macdougall | EVP & President, EEMEA | Feb. 22, 2016 A | 108,138 | 0 | 0 | $0 |
| Gustavo H Abelenda | EVP & President, Latin America | Feb. 22, 2016 A | 225,466 | 0 | 0 | $0 |
| David A Brearton | EVP, Strategic Initiatives | Dec. 31, 2015 D | 21,573 | 0 | 0 | $0 |
| Tracey Belcourt | EVP, Strategy | Sept. 14, 2015 F | 28,527 | 0 | 0 | $0 |
| Jean E Spence | EVP, Research, Dev & Quality | Feb. 23, 2015 F | 44,818 | 0 | 0 | $0 |
| James Kehoe | SVP, Operating Excellence | Nov. 4, 2014 F | 98,945 | 0 | 0 | $0 |
| Kim Harris Jones | SVP and Corporate Controller | Oct. 7, 2014 F | 75,688 | 0 | 0 | $0 |
| West Mary E Stone | EVP - Chief Cat & Mkt Off | Feb. 24, 2014 F | 171,567 | 0 | 0 | $0 |
| Pradeep Pant | EVP and President, AP & EEMEA | Feb. 22, 2013 F | 141,511 | 0 | 0 | $0 |
| Anthony W Vernon | EVP & Pres, Kraft Foods NA | Aug. 17, 2012 F | 133,693 | 0 | 0 | $0 |
| Khosla Sanjay | EVP & Pres Kraft Foods Dev Mkt | Aug. 9, 2012 M | 62,202 | 0 | 0 | $0 |
| Sam Brian Rovit | EVP, Strategy | Feb. 23, 2012 A | 45,127 | 0 | 0 | $0 |
| Marc S Firestone | EVP and General Counsel | Feb. 23, 2012 F | 168,570 | 0 | 0 | $0 |
| Timothy R. McLevish | EVP | Feb. 23, 2012 A | 190,900 | 0 | 0 | $0 |
| John T Cahill | Exec Chair Designate NA Groc | Jan. 3, 2012 A | 89,710 | 0 | 0 | $0 |
| Michael A. Clarke | EVP & President, Kraft Europe | Aug. 8, 2011 M | 77,670 | 0 | 0 | $0 |
| Michael Osanloo | EVP, Strategy | Feb. 23, 2010 A | 38,070 | 0 | 0 | $0 |
| Richard G Searer | EVP, President-Kraft NA | Sept. 30, 2009 D | 103,510 | 0 | 0 | $0 |
| VOGELSANG FRANZ-JOSEF | Executive Vice President | May 24, 2007 M | 135,436 | 0 | 0 | $0 |
| Jeri B Finard | Exec VP and CMO | March 30, 2007 A | 57,862 | 0 | 0 | $0 |
| Paula A Sneed | EXEC VICE PRES | Feb. 3, 2006 F | 62,901 | 0 | 0 | $0 |
| Hugh H Roberts | PRES, INTERNATL COMMERCIAL | Feb. 3, 2006 F | 164,613 | 0 | 0 | $0 |
| David S Johnson | PRES, NORTH AMER COMMERCIAL | Feb. 3, 2006 F | 179,583 | 0 | 0 | $0 |
| Roger K Deromedi | CHIEF EXEC OFFICER | Feb. 3, 2006 F | 590,775 | 0 | 0 | $0 |
| David K Ratcliffe | Senior Vice President, Sales | Jan. 31, 2004 D | 0 | 0 | 0 | $0 |
| Brian James Mcnamara | Director | May 20, 2026 A | 10,548 | 0 | 0 | $0 |
| Hart Cees 'T | Director | May 20, 2026 A | 12,217 | 0 | 0 | $0 |
| Jorge S. Mesquita | Director | May 20, 2026 A | 69,513 | 0 | 0 | $0 |
| Jane Nielsen | Director | May 20, 2026 A | 19,293 | 0 | 0 | $0 |
| Paula A Price | Director | May 20, 2026 A | 9,662 | 0 | 0 | $0 |
| Patrick Siewert | Director | May 20, 2026 A | 62,772 | 0 | 0 | $0 |
| Nancy Mckinstry | Director | May 20, 2026 A | 6,634 | 0 | 0 | $0 |
| Michael Todman | Director | May 20, 2026 A | 23,406 | 0 | 0 | $0 |
| Ertharin Cousin | Director | May 20, 2026 A | 17,167 | 0 | 0 | $0 |
| Anindita Mukherjee | Director | May 22, 2024 A | 6,602 | 0 | 0 | $0 |
| Charles E Bunch | Director | May 22, 2024 A | 46,888 | 0 | 0 | $0 |
| Lewis W K Booth | Director | May 17, 2023 A | 64,519 | 0 | 0 | $0 |
| Christiana Smith Shi | Director | May 18, 2022 A | 28,602 | 0 | 0 | $0 |
| Lois D Juliber | Director | May 18, 2022 A | 70,095 | 0 | 0 | $0 |
| Fredric G Reynolds | Director | Dec. 14, 2021 S | 62,848 | 0 | 0 | $0 |
| Jean Francois M L Van Boxmeer | Director | May 19, 2021 A | 49,501 | 0 | 0 | $0 |
| Debra Ann Crew | Director | May 13, 2020 A | 13,017 | 0 | 0 | $0 |
| Mark D Ketchum | Director | May 15, 2019 A | 59,033 | 0 | 0 | $0 |
| NEUBAUER JOSEPH | Director | May 15, 2019 A | 47,509 | 0 | 0 | $0 |
| Irene B Rosenfeld | Director | Feb. 22, 2018 F | 2,331,013 | 0 | 0 | $0 |
| Ruth J Simmons | Director | May 17, 2017 A | 24,014 | 0 | 0 | $0 |
| BOLLENBACH STEPHEN F | Director | May 18, 2016 A | 19,779 | 0 | 0 | $0 |
| Ratan Tata | Director | May 21, 2014 A | 8,642 | 0 | 0 | $0 |
| Terry J Lundgren | Director | Sept. 28, 2012 A | 3,239 | 0 | 0 | $0 |
| Peter B. Henry | Director | May 23, 2012 A | 6,934 | 0 | 0 | $0 |
| Myra M. Hart | Director | May 23, 2012 A | 23,874 | 0 | 0 | $0 |
| John C Pope | Director | May 23, 2012 A | 38,091 | 0 | 0 | $0 |
| MCDONALD MACKEY J | Director | May 23, 2012 A | 14,493 | 0 | 0 | $0 |
| Ajay Banga | Director | May 24, 2011 A | 21,766 | 0 | 0 | $0 |
| Richard A Lerner | Director | May 24, 2011 A | 30,153 | 0 | 0 | $0 |
| Deborah C Wright | Director | May 18, 2010 A | 27,695 | 0 | 0 | $0 |
| Frank G Zarb | Director | May 18, 2010 A | 17,212 | 0 | 0 | $0 |
| Jan Bennink | Director | May 12, 2009 F | 11,004 | 0 | 0 | $0 |
| Louis C Camilleri | Director | April 30, 2007 M | 475,408 | 0 | 0 | $0 |
| Dinyar S Devitre | Director | April 28, 2006 S | 617 | 0 | 0 | $0 |
| James W Farrell | Director | April 26, 2006 A | 8,980 | 0 | 0 | $0 |
| Altria Group, Inc. | 10% owner | March 16, 2007 J | 0 | 0 | 0 | $0 |
| Pamela E King | · | Feb. 20, 2009 A | 30,475 | 0 | 0 | $0 |
| Mary L Schapiro | · | Jan. 15, 2009 M | 16,752 | 0 | 0 | $0 |
| Nicholas E Meriggioli | · | Jan. 29, 2007 A | 44,180 | 0 | 0 | $0 |
| Rhonda L Jordan | · | Jan. 29, 2007 A | 44,356 | 0 | 0 | $0 |
| Dino J Bianco | · | Jan. 29, 2007 A | 15,150 | 0 | 0 | $0 |
| Brian J Driscoll | · | Jan. 29, 2007 A | 77,930 | 0 | 0 | $0 |
| Arjun Gupta | · | Jan. 29, 2007 A | 48,000 | 0 | 0 | $0 |
| Thomas H Sampson | · | Jan. 29, 2007 A | 34,746 | 0 | 0 | $0 |
| Kevin D Ponticelli | · | Jan. 29, 2007 A | 73,485 | 0 | 0 | $0 |
| Maurizio Calenti | · | Jan. 29, 2007 A | 86,364 | 0 | 0 | $0 |
| Joachim Krawczyk | · | Jan. 29, 2007 A | 94,032 | 0 | 0 | $0 |
| John F Baxter | · | Jan. 29, 2007 A | 66,618 | 0 | 0 | $0 |
| Daryl G Brewster | · | March 6, 2006 D | 9,891 | 0 | 0 | $0 |
| Mark H Berlind | · | Feb. 22, 2006 D | 0 | 0 | 0 | $0 |
| Terry M Faulk | · | Feb. 14, 2006 D | 27,125 | 0 | 0 | $0 |
| Franco Suardi | · | Feb. 3, 2006 F | 32,342 | 0 | 0 | $0 |
| Alene M Korby | · | Feb. 3, 2006 F | 69,723 | 0 | 0 | $0 |
| Pascal Houssin | · | Feb. 3, 2006 F | 73,440 | 0 | 0 | $0 |
| Linda P Hefner | · | Jan. 24, 2006 A | 31,390 | 0 | 0 | $0 |
| Frederick Schaeffer | · | Nov. 25, 2005 D | 3,250 | 0 | 0 | $0 |
| Betsy D Holden | · | June 30, 2005 D | 23,600 | 0 | 0 | $0 |
| John F Mowrer | · | Feb. 28, 2005 D | 1,000 | 0 | 0 | $0 |
| Brian M Carlisle | · | Nov. 30, 2004 D | 0 | 0 | 0 | $0 |
| Elizabeth A Smith | · | Nov. 12, 2004 D | 4,150 | 0 | 0 | $0 |
| Michael Mudd | · | Oct. 21, 2004 S | 0 | 0 | 0 | $0 |
| David G Owens | · | June 30, 2004 M | 13,300 | 0 | 0 | $0 |
| Calvin J Collier | · | Feb. 27, 2004 D | 16,450 | 0 | 0 | $0 |
| Ronald J S Bell | · | Sept. 30, 2003 D | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 153 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 |
|---|---|---|---|---|
| IYK · iShares Trust | 3.27% | 725,881 SH | Sept. 11, 2026 | Daily |
| RSPS · Invesco Exchange-Traded Fund Trust | 2.97% | 215,194 SH | Oct. 5, 2026 | Daily |
| FSTA · FIDELITY COVINGTON TRUST | 2.65% | 602,332 NS | July 31, 2026 | N-PORT |
| VDC · VANGUARD WORLD FUND | 2.51% | 3,988,488 SH | Aug. 19, 2026 | Daily |
| KXI · iShares Trust | 2.16% | 369,638 SH | Sept. 11, 2026 | Daily |
| FDIV · EA Series Trust | 2.01% | 18,920 NS | July 31, 2026 | N-PORT |
| ASLV · ALLSPRING EXCHANGE-TRADED FUNDS TRU… | 1.97% | 69,031 NS | July 31, 2026 | N-PORT |
| FDV · Federated Hermes ETF Trust | 1.78% | 251,963 NS | July 31, 2026 | N-PORT |
| QNXT · iShares Trust | 1.54% | 6,714 SH | Sept. 11, 2026 | Daily |
| PAYR · Federated Hermes ETF Trust | 1.35% | 12,339 NS | July 31, 2026 | N-PORT |
| DVY · iShares Trust | 1.22% | 4,581,765 SH | Sept. 11, 2026 | Daily |
| ALRG · ALLSPRING EXCHANGE-TRADED FUNDS TRU… | 1.18% | 1,591 NS | July 31, 2026 | N-PORT |
| HDV · iShares Trust | 1.17% | 2,860,200 SH | Sept. 11, 2026 | Daily |
| IMCV · iShares Trust | 1.14% | 210,970 SH | Sept. 11, 2026 | Daily |
| QQQE · Direxion Shares ETF Trust | 1.04% | 222,210 NS | July 31, 2026 | N-PORT |
| EQWL · Invesco Exchange-Traded Fund Trust | 0.95% | 451,636 SH | Oct. 5, 2026 | Daily |
| FXG · First Trust Exchange-Traded AlphaDE… | 0.88% | 32,256 NS | July 31, 2026 | N-PORT |
| SPLV · Invesco Exchange-Traded Fund Trust … | 0.87% | 1,029,359 SH | Oct. 5, 2026 | Daily |
| USMV · iShares Trust | 0.73% | 2,756,732 SH | Sept. 11, 2026 | Daily |
| HEQQ · J.P. Morgan Exchange-Traded Fund Tr… | 0.71% | 3,412 NS | July 31, 2026 | N-PORT |
| JOYT · J.P. Morgan Exchange-Traded Fund Tr… | 0.68% | 10,647 NS | July 31, 2026 | N-PORT |
| ACWV · iShares, Inc. | 0.59% | 316,804 SH | Sept. 11, 2026 | Daily |
| DGRO · iShares Trust | 0.57% | 3,911,135 SH | Sept. 11, 2026 | Daily |
| IMCB · iShares Trust | 0.56% | 151,706 SH | Sept. 11, 2026 | Daily |
| DFLV · Dimensional ETF Trust | 0.55% | 597,562 NS | July 31, 2026 | N-PORT |
| HELO · J.P. Morgan Exchange-Traded Fund Tr… | 0.54% | 398,352 NS | July 31, 2026 | N-PORT |
| FBCV · FIDELITY COVINGTON TRUST | 0.54% | 15,233 NS | July 31, 2026 | N-PORT |
| FEUS · FlexShares Trust | 0.53% | 9,570 NS | July 31, 2026 | N-PORT |
| FFLV · FIDELITY COVINGTON TRUST | 0.52% | 1,379 NS | July 31, 2026 | N-PORT |
| JDIV · J.P. Morgan Exchange-Traded Fund Tr… | 0.51% | 1,060 NS | July 31, 2026 | N-PORT |
| RCGE · EA Series Trust | 0.47% | 7,606 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.44% | 1,086,137 NS | July 31, 2026 | N-PORT |
| DIVB · iShares Trust | 0.42% | 136,438 SH | Sept. 11, 2026 | Daily |
| ESMV · iShares Trust | 0.42% | 520 SH | Sept. 11, 2026 | Daily |
| QYLD · Global X Funds | 0.37% | 485,038 NS | July 31, 2026 | N-PORT |
| PTNQ · Pacer Funds Trust | 0.37% | 70,197 NS | July 31, 2026 | N-PORT |
| QQWZ · Pacer Funds Trust | 0.37% | 2,979 NS | July 31, 2026 | N-PORT |
| QYLG · Global X Funds | 0.36% | 9,263 NS | July 31, 2026 | N-PORT |
| QRMI · Global X Funds | 0.36% | 832 NS | July 31, 2026 | N-PORT |
| QTR · Global X Funds | 0.36% | 443 NS | July 31, 2026 | N-PORT |
| QCLR · Global X Funds | 0.36% | 191 NS | July 31, 2026 | N-PORT |
| MGV · VANGUARD WORLD FUND | 0.35% | 806,817 SH | Aug. 19, 2026 | Daily |
| QSIX · Pacer Funds Trust | 0.34% | 991 NS | July 31, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.32% | 9,327,000 | Oct. 2, 2026 | Daily |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.32% | 7,251,964 SH | Aug. 19, 2026 | Daily |
| HAPI · Harbor ETF Trust | 0.32% | 25,073 NS | July 31, 2026 | N-PORT |
| FDLO · FIDELITY COVINGTON TRUST | 0.32% | 71,993 NS | July 31, 2026 | N-PORT |
| VYM · VANGUARD WHITEHALL FUNDS | 0.31% | 5,125,687 SH | Aug. 19, 2026 | Daily |
| QQQM · Invesco Exchange-Traded Fund Trust … | 0.31% | 5,889,681 SH | Oct. 5, 2026 | Daily |
| QQQ · Invesco QQQ Trust, Series 1 | 0.31% | 26,641,177 SH | Oct. 5, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.31% | 7,490 NS | July 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.31% | 22,456 NS | July 31, 2026 | N-PORT |
| IWX · iShares Trust | 0.30% | 185,091 SH | Sept. 11, 2026 | Daily |
| ESG · FlexShares Trust | 0.29% | 6,120 NS | July 31, 2026 | N-PORT |
| VTV · VANGUARD INDEX FUNDS | 0.28% | 12,209,452 SH | Aug. 19, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.28% | 23,492 NS | July 31, 2026 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 0.28% | 36,564 SH | Oct. 5, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.27% | 381,000 | Oct. 5, 2026 | Daily |
| IVE · iShares Trust | 0.27% | 2,131,981 SH | Sept. 11, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.27% | 9,356,000 | Oct. 5, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.26% | 295,644 SH | Aug. 19, 2026 | Daily |
| IUSV · iShares Trust | 0.26% | 1,125,013 SH | Sept. 11, 2026 | Daily |
| IQSU · New York Life Investments ETF Trust | 0.25% | 13,045 NS | July 31, 2026 | N-PORT |
| ACIO · ETF Series Solutions | 0.24% | 90,202 NS | July 31, 2026 | N-PORT |
| ILCV · iShares Trust | 0.24% | 50,399 SH | Sept. 11, 2026 | Daily |
| ADME · ETF Series Solutions | 0.24% | 11,061 NS | July 31, 2026 | N-PORT |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.23% | 38,564 SH | Oct. 5, 2026 | Daily |
| DSI · iShares Trust | 0.23% | 196,709 SH | Sept. 11, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.23% | 379,087 SH | Oct. 5, 2026 | Daily |
| IWD · iShares Trust | 0.22% | 2,852,769 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.21% | 775,031 SH | Aug. 19, 2026 | Daily |
| EUSA · iShares, Inc. | 0.20% | 60,817 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.19% | 17,140 NS | July 31, 2026 | N-PORT |
| RSP · Invesco Exchange-Traded Fund Trust | 0.19% | 3,116,665 SH | Oct. 5, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.19% | 317,681 SH | Oct. 5, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.19% | 27,160 SH | Aug. 19, 2026 | Daily |
| SIZE · iShares Trust | 0.19% | 12,766 SH | Sept. 11, 2026 | Daily |
| NULC · Nushares ETF Trust | 0.17% | 1,946 NS | July 31, 2026 | N-PORT |
| PEVC · Pacer Funds Trust | 0.17% | 66 NS | July 31, 2026 | N-PORT |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.17% | 7,791,000 | Oct. 5, 2026 | Daily |
| CATH · Global X Funds | 0.17% | 35,533 NS | July 31, 2026 | N-PORT |
| OEF · iShares Trust | 0.17% | 542,677 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.17% | 23,039 SH | Oct. 2, 2026 | Daily |
| USCL · iShares Trust | 0.15% | 67,942 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.15% | 297,636 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.15% | 778 SH | Sept. 11, 2026 | Daily |
| CHRI · Global X Funds | 0.15% | 189 NS | July 31, 2026 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.14% | 40,918 SH | Oct. 5, 2026 | Daily |
| IWL · iShares Trust | 0.14% | 49,744 SH | Sept. 11, 2026 | Daily |
| MGC · VANGUARD WORLD FUND | 0.14% | 256,018 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.14% | 6,088 NS | July 31, 2026 | N-PORT |
| XVV · iShares Trust | 0.14% | 14,690 SH | Sept. 11, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.13% | 290,252 SH | Aug. 19, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.13% | 997,245 NS | July 31, 2026 | N-PORT |
| EVUS · iShares Trust | 0.13% | 7,698 SH | Sept. 11, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.13% | 67,513 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.13% | 178,704 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.13% | 109,763 NS | July 31, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.12% | 3,716,000 | Oct. 5, 2026 | Daily |
| VOTE · TCW ETF Trust | 0.12% | 21,920 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.12% | 64,485 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.12% | 64,859 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.12% | 95 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.12% | 25,280 SH | Sept. 11, 2026 | Daily |
| IVV · iShares Trust | 0.12% | 16,179,758 SH | Sept. 11, 2026 | Daily |
| XRMI · Global X Funds | 0.12% | 968 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.12% | 69 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.12% | 1,237 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.12% | 33,345,384 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.12% | 1,499,321 SH | Aug. 19, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.12% | 393,093 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.12% | 108 NS | July 31, 2026 | N-PORT |
| PBP · Invesco Exchange-Traded Fund Trust | 0.11% | 7,601 SH | Oct. 5, 2026 | Daily |
| IYY · iShares Trust | 0.11% | 55,156 SH | Sept. 11, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.11% | 4,843 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.11% | 886,129 SH | Sept. 11, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.11% | 206,984 SH | Oct. 5, 2026 | Daily |
| QDPL · Pacer Funds Trust | 0.11% | 30,913 NS | July 31, 2026 | N-PORT |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.11% | 212,697 SH | Aug. 19, 2026 | Daily |
| IWV · iShares Trust | 0.11% | 352,704 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.11% | 1,671,210 SH | Sept. 11, 2026 | Daily |
| JFLI · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 792 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.10% | 40,756,468 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.10% | 108,123 SH | Aug. 19, 2026 | Daily |
| ESGU · iShares Trust | 0.10% | 285,419 SH | Sept. 11, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.10% | 8,932 NS | July 31, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.10% | 24,361 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.10% | 35,293 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.09% | 1,005 SH | Oct. 2, 2026 | Daily |
| LRGF · iShares Trust | 0.09% | 55,443 SH | Sept. 11, 2026 | Daily |
| TOK · iShares Trust | 0.09% | 3,546 SH | Sept. 11, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.09% | 100,356 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.09% | 115,516 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.09% | 30,968 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.09% | 70,137 SH | Oct. 2, 2026 | Daily |
| ACWI · iShares Trust | 0.08% | 409,631 SH | Sept. 11, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.06% | 1,078,101 SH | Aug. 19, 2026 | Daily |
| VFMV · VANGUARD WELLINGTON FUND | 0.05% | 3,968 SH | Aug. 19, 2026 | Daily |
| GLOF · iShares Trust | 0.03% | 1,059 SH | Sept. 11, 2026 | Daily |
| LGDX · Tidal Trust III | 0.02% | 506 NS | July 31, 2026 | N-PORT |
| CRBN · iShares Trust | 0.02% | 3,041 SH | Sept. 11, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDX · VANGUARD CHARLOTTE FUNDS | · | · | July 15, 2026 | Daily |
| VCEB · VANGUARD WORLD FUND | · | · | July 30, 2026 | Daily |
MDLZ Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
22 analysts · 2026-10-05Mean target $69.23 +16.1%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| 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% |
| KHC | $28.57B | -4.9 | -3.5% | -23.4% | -12.9% | 33.3% |
| TSN | · | 40.7 | 2.1% | 0.87% | 2.6% | 6.5% |
| GIS | · | -211.3 | -5.5% | -0.48% | -1.1% | · |
| SJM | $10.46B | -75.4 | 3.7% | -1.5% | -2.4% | 33.5% |
| MKC | $1.01B | 23.0 | 1.7% | 11.5% | 14.3% | 37.9% |
| HRL | · | 27.4 | 1.6% | 4.0% | 6.0% | 15.6% |
| SFD | $8.82B | 8.9 | 9.8% | 6.4% | 15.6% | 13.5% |
| LW | $5.94B | 20.8 | 2.5% | 4.4% | 16.2% | 20.6% |
| PPC | $9.46B | 8.8 | 3.5% | 5.9% | 27.3% | 12.8% |
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