The Kraft Heinz Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021
Revenue	24,942	25,846	26,640	26,485	26,042
Revenue Growth (YoY)	-3.50%	-2.98%	0.58%	1.70%	-0.55%
Cost of Revenue	16,632	16,870	17,657	18,250	17,347
Gross Profit	8,310	8,976	8,983	8,235	8,695
Selling, General & Admin	3,384	3,307	3,595	3,042	3,235
Research & Development	167	150	147	127	-
Operating Expenses	3,551	3,457	3,742	3,169	3,235
Operating Income	4,759	5,519	5,241	5,066	5,460
Interest Expense	-947	-912	-912	-921	-2,047
Interest & Investment Income	122	69	40	27	15
Currency Exchange Gain (Loss)	-234	21	-73	106	101
Other Non Operating Income (Expenses)	224	-71	220	-92	-85
EBT Excluding Unusual Items	3,924	4,626	4,516	4,186	3,444
Merger & Restructuring Charges	-21	-20	-225	-74	-84
Impairment of Goodwill	-6,734	-1,638	-510	-444	-318
Gain (Loss) on Sale of Assets	-42	-81	4	25	44
Asset Writedown	-2,572	-2,031	-152	-555	-1,316
Legal Settlements	-	-	-	-210	-62
Other Unusual Items	-	-	-	38	-
Pretax Income	-5,445	856	3,633	2,966	1,708
Income Tax Expense	403	-1,890	787	598	684
Earnings From Continuing Operations	-5,848	2,746	2,846	2,368	1,024
Minority Interest in Earnings	2	-2	9	-5	-12
Net Income	-5,846	2,744	2,855	2,363	1,012
Net Income to Common	-5,846	2,744	2,855	2,363	1,012
Net Income Growth	-	-3.89%	20.82%	133.50%	184.27%
Shares Outstanding (Basic)	1,187	1,210	1,227	1,226	1,224
Shares Outstanding (Diluted)	1,187	1,215	1,235	1,235	1,236
Shares Change (YoY)	-2.31%	-1.62%	-	-0.08%	0.65%
EPS (Basic)	-4.93	2.27	2.33	1.93	0.83
EPS (Diluted)	-4.93	2.26	2.31	1.91	0.82
EPS Growth	-	-2.17%	20.94%	132.93%	182.76%
Free Cash Flow	3,661	3,160	2,963	1,553	4,459
Free Cash Flow Per Share	3.08	2.60	2.40	1.26	3.61
Dividend Per Share	1.600	1.600	1.600	1.600	1.600
Gross Margin	33.32%	34.73%	33.72%	31.09%	33.39%
Operating Margin	19.08%	21.35%	19.67%	19.13%	20.97%
Profit Margin	-23.44%	10.62%	10.72%	8.92%	3.89%
Free Cash Flow Margin	14.68%	12.23%	11.12%	5.86%	17.12%
EBITDA	5,727	6,467	6,202	5,999	6,370
EBITDA Margin	22.96%	25.02%	23.28%	22.65%	24.46%
D&A For EBITDA	968	948	961	933	910
EBIT	4,759	5,519	5,241	5,066	5,460
EBIT Margin	19.08%	21.35%	19.67%	19.13%	20.97%
Effective Tax Rate	-	-	21.66%	20.16%	40.05%
Advertising Expenses	1,073	1,031	1,071	945	1,039

Source: S&P Global Market Intelligence. Standard template. Financial Sources.