K · Kellanova - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	-	$12.75B	$13.12B	$15.31B	$14.18B	$13.77B
Cost of Revenue	-	$8.20B	$8.84B	$10.70B	$9.62B	$9.04B
Gross Profit	-	$4.54B	$3.81B	$4.62B	$4.56B	$4.73B
R&D	-	$115.00M	$116.00M	$127.00M	$134.00M	$135.00M
SG&A	-	$2.67B	$2.78B	$2.98B	$2.81B	$2.97B
Total Operating Expenses	-	-	-	-	-	-
D&A	-	$367.00M	$419.00M	$478.00M	$467.00M	$479.00M
Operating Income	-	$1.87B	$1.50B	$1.64B	$1.75B	$1.76B
Interest Expense	-	$311.00M	$303.00M	$218.00M	$223.00M	$281.00M
Income Tax	-	$304.00M	$258.00M	$244.00M	$474.00M	$323.00M
Net Income	-	$1.34B	$951.00M	$960.00M	$1.49B	$1.25B
EPS - Basic	-	$3.92	$2.78	$2.81	$4.36	$3.65
EPS - Diluted	-	$3.88	$2.76	$2.79	$4.33	$3.63

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$240.00M◇	$694.00M	$274.00M	$299.00M	$286.00M	$435.00M
Accounts Receivable	-	$1.52B	$1.57B	$1.74B	$1.49B	$1.54B
Inventory	-	$1.17B	$1.24B	$1.77B	$1.40B	$1.28B
Accounts Payable	-	$2.24B	$2.31B	$2.97B	$2.57B	$2.47B
Current Assets	$3.46B◇	$3.75B	$3.33B	$4.19B	$3.39B	$3.48B
Total Assets	$15.64B◇	$15.63B	$15.62B	$18.50B	$18.18B	$18.00B
Current Liabilities	$5.11B◇	$4.66B	$5.06B	$6.35B	$5.32B	$5.24B
Long-term Debt	$4.34B◇	$5.00B	$5.09B	$5.32B	$6.75B	$7.37B
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$4.20B◇	$3.77B	$3.17B	$3.94B	$3.72B	$3.11B
Retained Earnings	-	$9.36B	$8.80B	$9.20B	$9.03B	$8.33B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	-	$1.76B	$1.65B	$1.65B	$1.70B	$1.99B
Investing Cash Flow	-	($750.00M)	($562.00M)	($448.00M)	($528.00M)	($585.00M)
Financing Cash Flow	-	($607.00M)	($1.11B)	($1.08B)	($1.31B)	($1.39B)
CapEx	-	$628.00M	$677.00M	$488.00M	$553.00M	$505.00M
Free Cash Flow	-	$1.13B	$968.00M	$1.16B	$1.15B	$1.48B

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	35.6%	29.0%	30.1%	32.2%	34.3%
Operating margin	-	14.7%	11.5%	10.7%	12.4%	12.8%
EBITDA margin	-	17.6%	14.7%	13.8%	15.6%	16.3%
Net margin	-	10.5%	7.2%	6.3%	10.5%	9.1%
Free cash flow margin	-	8.9%	7.4%	7.6%	8.1%	10.8%
FCF / Net income	-	0.84	1.02	1.21	0.77	1.18
R&D / Revenue	-	0.9%	0.9%	0.8%	0.9%	1.0%
SG&A / Revenue	-	21.0%	21.2%	19.5%	19.8%	21.5%
Effective tax rate	-	18.5%	21.3%	20.3%	24.2%	20.5%
Return on assets	-	8.6%	6.1%	5.2%	8.2%	7.0%
Return on equity	-	35.6%	30.0%	24.4%	40.0%	40.2%
Return on invested capital	-	17.4%	14.3%	14.1%	12.7%	13.3%
Liquidity
Current ratio	0.68	0.81	0.66	0.66	0.64	0.66
Quick ratio	0.68	0.56	0.41	0.38	0.38	0.42
Cash ratio	0.05	0.15	0.05	0.05	0.05	0.08
Leverage
Debt / Equity	1.03	1.32	1.60	1.35	1.81	2.37
Debt / Assets	0.28	0.32	0.33	0.29	0.37	0.41
Debt / EBITDA	-	2.23	2.65	2.52	3.04	3.29
Interest coverage	-	6.0x	5.0x	7.5x	7.9x	6.3x
Equity multiplier	3.72	4.14	4.92	4.69	4.89	5.78
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	-	0.82	0.84	0.83	0.78	0.77
Inventory turnover	-	7.04	7.11	6.05	6.88	7.04
Days sales outstanding	-	44d	44d	41d	38d	41d
Days inventory outstanding	-	52d	51d	60d	53d	52d
Days payable outstanding	-	99d	96d	101d	98d	100d
Cash conversion cycle	-	-4d	-1d	0d	-6d	-7d
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	-	-2.8%	-14.3%	8.0%	3.0%	1.4%
Revenue CAGR (3y)	-	-3.5%	-1.6%	4.1%	1.5%	-
Revenue CAGR (5y)	-	-1.3%	-0.6%	-	-	-
Gross profit growth (YoY)	-	19.3%	-17.4%	1.2%	-3.5%	7.9%
Operating income growth (YoY)	-	24.5%	-8.0%	-6.7%	-0.5%	25.7%
Net income growth (YoY)	-	41.2%	-0.9%	-35.5%	18.9%	30.3%
EPS growth (YoY)	-	40.6%	-1.1%	-35.6%	19.3%	29.6%
EPS CAGR (3y)	-	-3.6%	-8.7%	-0.1%	4.2%	0.1%
EPS CAGR (5y)	-	6.7%	-6.3%	-5.1%	17.2%	16.1%
FCF growth (YoY)	-	16.9%	-16.8%	1.3%	-22.5%	151.0%
FCF CAGR (5y)	-	13.9%	0.2%	0.3%	0.5%	5.4%
Book value growth (YoY)	11.3%	18.9%	-19.4%	5.9%	19.5%	13.3%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2024-12-28.

Business segments

$12.75B total

North America Segment$6.58B · 51.6%

Europe Segment$2.50B · 19.6%

AMEA$2.41B · 18.9%

Latin America Segment$1.26B · 9.9%

Product / service

$12.75B total

Retail Channel Snacks$8.12B · 63.7%

Retail Channel Cereal$2.70B · 21.2%

Frozen And Specialty Channels$1.10B · 8.6%

Noodlesand Other$833.00M · 6.5%

Geographic

$12.75B total

US$6.25B · 49.0%

All Other Countries$5.72B · 44.9%

NG$724.00M · 5.7%

PL$50.00M · 0.4%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

1/9

Weak

-Net income positive
-Operating cash flow positive
-ROA improved YoY
-Cash flow > net income
✓Long-term debt decreased
✗Current ratio improved
-No share dilution
-Gross margin improved
-Asset turnover improved

Peer comparison

Same SIC group: Grain Mill Products

Company	Revenue (last FY)	Net margin	ROE
POST	$8.16B	4.1%	9.7%
INGR	$7.22B	10.1%	17.1%
GIS	-	-	-
KLG	-	-	-
FRPT	$1.10B	12.6%	11.5%

Comparing KELLANOVA against the 5 most active filers in the same SIC group.

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.