Consumer Staples · Packaged Foods & Meats · US stock · price as of 22 Oct 2026
Key indicators
Price
$25.09
52-week range
$21.04 – $28.09
Market cap
$29.8B
P/E (trailing)
–
EV / EBITDA
–
Free-cash-flow yield
12.8%
Dividend yield
6.4%
Revenue (last 12 months)
$24.9B
Revenue growth (3y a year)
−2.0%
Operating margin
−12.8%
Return on invested capital
−4.8%
Net debt / EBITDA
–
Fair value
Fair value (average of valid models)$23.25 middle half of models $23 – $28
Versus priceFair−7% to fair value
P/B multiple
$27.27
P/S multiple
$27.87
EV/revenue multiple
$27.72
5-year DCF, revenue exit
$10.15
Model uncertainty
Medium
X-Ray Score
29/ 100 · High confidence · ahead of 7% of sector peers
Valuation38
Growth29
Profitability21
Financial health17
Dividends48
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Kraft Heinz makes and markets packaged foods and beverages under household brands, covering condiments, sauces, cheese, processed meats, coffee and ready-to-eat meals. Heinz ketchup, Philadelphia cream cheese, Kraft macaroni and cheese and Oscar Mayer meats are among its well-known products. Customers are mainly grocery retailers, wholesalers and food-service operators. The company is run on a regional basis, with North America as its core market and further operations in international markets.
Revenue came to $24.9 billion over the last twelve months, earned by supplying branded grocery products to retailers and food-service customers. Revenue has changed at -2.0% a year across the last three years, which is a decline. The operating margin is -12.8%, and the business earns -5% on the capital invested in it, so it is currently loss-making. The dividend yield is 6.4%.
StocksXray gives Kraft Heinz Co an X-Ray Score of 29 out of 100 (high confidence), ahead of 7% of the S&P 500 stocks in its sector. Its strongest lens is dividends (48) and its weakest is financial health (17).
Our fair value (the average of the valid models) is $23.25 (range $22.99 to $27.76). At $25.09 the stock trades 8% above that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Kraft Heinz Co (KHC)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$27.70
$33.33
$31.65
$27.52
$22.94
$25.09
Market cap
$34.2B
$41.2B
$39.1B
$33.4B
$27.2B
$29.8B
P/E
33.8×
17.5×
13.7×
12.2×
–
–
EV / revenue
2.0×
2.3×
2.2×
2.0×
1.8×
1.9×
EV / EBITDA
12.1×
13.2×
10.5×
19.8×
–
–
Price / free cash flow
7.7×
26.5×
13.2×
10.6×
7.4×
7.8×
Free-cash-flow yield
13.0%
3.8%
7.6%
9.5%
13.4%
12.8%
Price / book
0.7×
0.8×
0.8×
0.7×
0.7×
0.8×
Dividend yield
5.78%
4.80%
5.06%
5.81%
6.97%
6.38%
Fundamentals checklist ● 3 Good · ● 1 Average · ● 10 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−11.0%Good
Free-cash-flow yield12.8%Good
Risk models
Altman Z score0.4×Bad
Piotroski F-Score5 of 9Bad
Growth
Free-cash-flow growth (3y)33.1%Good
Revenue growth (3y)−2.0%Bad
Growth consistency10%Bad
Balance sheet
Current ratio1.1×Average
Interest cover-4.7×Bad
Valuation
Fair value vs price0.9×Bad
EBIT / EV yield−6.9%Bad
Profitability
Return on invested capital−4.8%Bad
Operating margin−12.8%Bad
Gross profitability11.4%Bad
XStocksXray
Kraft Heinz Co (KHC)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
26,042
26,485
26,640
25,846
24,942
24,900
Gross profit
8,682
8,122
8,926
8,968
8,309
8,309
Operating income
3,460
3,634
4,572
1,683
-4,669
-3,177
Net income
1,012
2,363
2,855
2,744
-5,846
-3,396
Diluted EPS ($)
0.82
1.91
2.31
2.26
-4.93
-2.86
Free cash flow
4,459
1,553
2,963
3,160
3,661
3,816
Gross margin
33.3%
30.7%
33.5%
34.7%
33.3%
33.4%
Operating margin
13.3%
13.7%
17.2%
6.5%
−18.7%
−12.8%
Net margin
3.9%
8.9%
10.7%
10.6%
−23.4%
−13.6%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
93,394
90,513
90,339
88,287
81,786
73,065
Cash
3,445
1,040
1,400
1,334
2,615
2,419
Total debt
21,815
20,070
20,032
19,869
21,219
19,001
Equity
49,298
48,678
49,526
49,185
41,664
36,006
Dividend per share ($)
1.60
1.60
1.60
1.60
1.60
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
