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.
Income Statement
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.26B | $3.20B | $3.08B | - | $3.23B | $3.19B | $3.20B | - | $3.94B | $4.04B |
| Cost of Revenue | $2.18B | $2.11B | $2.02B | - | $2.06B | $2.03B | $2.17B | - | $2.60B | $2.71B |
| Gross Profit | $1.08B | $1.09B | $1.06B | - | $1.18B | $1.16B | $1.03B | - | $1.34B | $1.33B |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $632.00M | $652.00M | $629.00M | - | $720.00M | $668.00M | $638.00M | - | $861.00M | $824.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | $92.00M | - | - | - | $86.00M | - | - | - |
| Operating Income | $452.00M | $438.00M | $430.00M | - | $456.00M | $493.00M | $393.00M | - | $482.00M | $509.00M |
| Interest Expense | $60.00M | $63.00M | $63.00M | - | $75.00M | $83.00M | $83.00M | - | $83.00M | $82.00M |
| Income Tax | $89.00M | $83.00M | $73.00M | - | $34.00M | $97.00M | $82.00M | - | $104.00M | $104.00M |
| Net Income | $309.00M | $299.00M | $304.00M | - | $367.00M | $344.00M | $267.00M | - | $269.00M | $357.00M |
| EPS - Basic | $0.89 | $0.86 | $0.88 | - | $1.07 | $1.01 | $0.78 | - | $0.79 | $1.04 |
| EPS - Diluted | $0.88 | $0.85 | $0.87 | - | $1.05 | $1.00 | $0.78 | - | $0.78 | $1.03 |
Balance Sheet
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $240.00M | $354.00M | $330.00M | $694.00M | $569.00M | $272.00M | $242.00M | $274.00M | $1.10B | $308.00M |
| Accounts Receivable | $1.71B | $1.70B | $1.57B | $1.52B | $1.70B | $1.65B | $1.67B | $1.57B | $1.88B | $1.93B |
| Inventory | $1.20B | $1.26B | $1.22B | $1.17B | $1.22B | $1.19B | $1.21B | $1.24B | $1.63B | $1.71B |
| Accounts Payable | $2.11B | $2.21B | $2.13B | $2.24B | $2.37B | $2.27B | $2.21B | $2.31B | $2.79B | $2.81B |
| Current Assets | $3.46B | $3.67B | $3.47B | $3.75B | $3.85B | $3.47B | $3.45B | $3.33B | $4.99B | $4.29B |
| Total Assets | $15.64B | $15.87B | $15.47B | $15.63B | $15.76B | $15.30B | $15.31B | $15.62B | $18.70B | $18.10B |
| Current Liabilities | $5.11B | $5.38B | $4.34B | $4.66B | $4.97B | $4.77B | $5.53B | $5.06B | $6.52B | $6.48B |
| Long-term Debt | $4.34B | $4.34B | $5.03B | $5.00B | $5.05B | $5.01B | $4.39B | $5.09B | $5.53B | $5.08B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $4.20B | $4.11B | $3.92B | $3.77B | $3.65B | $3.31B | $3.15B | $3.17B | $4.04B | $3.96B |
| Retained Earnings | $9.70B | $9.59B | $9.50B | $9.36B | $9.20B | $9.03B | $8.88B | $8.80B | $9.51B | $9.45B |
Cash Flow
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $116.00M | - | - | - | $364.00M | - | - | - |
| Investing Cash Flow | - | - | ($152.00M) | - | - | - | ($333.00M) | - | - | - |
| Financing Cash Flow | - | - | ($313.00M) | - | - | - | ($58.00M) | - | - | - |
| CapEx | - | - | $176.00M | - | - | - | $155.00M | - | - | - |
| Free Cash Flow | - | - | ($60.00M) | - | - | - | $209.00M | - | - | - |
Ratios
| Metric | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 33.3% | 34.0% | 34.3% | - | 36.4% | 36.4% | 32.2% | - | 34.1% | 33.0% |
| Operating margin | 13.9% | 13.7% | 13.9% | - | 14.1% | 15.4% | 12.3% | - | 12.2% | 12.6% |
| EBITDA margin | - | - | 16.9% | - | - | - | 15.0% | - | - | - |
| Net margin | 9.5% | 9.3% | 9.9% | - | 11.4% | 10.8% | 8.3% | - | 6.8% | 8.8% |
| Free cash flow margin | - | - | -1.9% | - | - | - | 6.5% | - | - | - |
| FCF / Net income | - | - | -0.20 | - | - | - | 0.78 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 19.4% | 20.4% | 20.4% | - | 22.3% | 20.9% | 19.9% | - | 21.9% | 20.4% |
| Effective tax rate | 22.4% | 21.7% | 19.4% | - | 8.5% | 22.0% | 23.5% | - | 27.9% | 22.6% |
| Return on assets | 2.0% | 1.9% | 2.0% | - | 2.3% | 2.2% | 1.7% | - | 1.4% | 2.0% |
| Return on equity | 7.4% | 7.3% | 7.8% | - | 10.1% | 10.4% | 8.5% | - | 6.7% | 9.0% |
| Return on invested capital | 4.1% | 4.1% | 3.9% | - | 4.8% | 4.6% | 4.0% | - | 3.6% | 4.4% |
| Liquidity | ||||||||||
| Current ratio | 0.68 | 0.68 | 0.80 | 0.81 | 0.77 | 0.73 | 0.62 | 0.66 | 0.76 | 0.66 |
| Quick ratio | 0.44 | 0.45 | 0.52 | 0.56 | 0.53 | 0.48 | 0.41 | 0.41 | 0.51 | 0.40 |
| Cash ratio | 0.05 | 0.07 | 0.08 | 0.15 | 0.11 | 0.06 | 0.04 | 0.05 | 0.17 | 0.05 |
| Leverage | ||||||||||
| Debt / Equity | 1.03 | 1.06 | 1.28 | 1.32 | 1.38 | 1.51 | 1.39 | 1.60 | 1.37 | 1.28 |
| Debt / Assets | 0.28 | 0.27 | 0.32 | 0.32 | 0.32 | 0.33 | 0.29 | 0.33 | 0.30 | 0.28 |
| Debt / EBITDA | - | - | 9.63 | - | - | - | 9.18 | - | - | - |
| Interest coverage | 7.5x | 7.0x | 6.8x | - | 6.1x | 5.9x | 4.7x | - | 5.8x | 6.2x |
| Equity multiplier | 3.72 | 3.86 | 3.95 | 4.14 | 4.32 | 4.63 | 4.86 | 4.92 | 4.63 | 4.57 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.21 | 0.20 | 0.20 | - | 0.21 | 0.21 | 0.21 | - | 0.21 | 0.22 |
| Inventory turnover | 1.81 | 1.68 | 1.65 | - | 1.69 | 1.71 | 1.79 | - | 1.59 | 1.59 |
| Days sales outstanding | 191d | 193d | 186d | - | 192d | 189d | 190d | - | 174d | 174d |
| Days inventory outstanding | 201d | 217d | 221d | - | 216d | 213d | 204d | - | 229d | 230d |
| Days payable outstanding | 355d | 381d | 384d | - | 420d | 407d | 372d | - | 392d | 379d |
| Cash conversion cycle | 38d | 30d | 23d | - | -12d | -5d | 22d | - | 11d | 26d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 0.8% | 0.3% | -3.7% | - | -17.9% | -21.0% | -21.0% | - | -0.2% | 4.6% |
| Revenue CAGR (3y) | -6.2% | -6.1% | -5.7% | - | -3.7% | -3.5% | -3.7% | - | 4.7% | 5.3% |
| Revenue CAGR (5y) | -1.0% | -1.6% | -2.0% | - | -0.8% | -1.6% | -1.9% | - | - | - |
| Gross profit growth (YoY) | -7.8% | -6.1% | 2.7% | - | -12.4% | -12.9% | -14.8% | - | 16.5% | 16.6% |
| Operating income growth (YoY) | -0.9% | -11.2% | 9.4% | - | -5.4% | -3.1% | -10.7% | - | 31.0% | 22.7% |
| Net income growth (YoY) | -15.8% | -13.1% | 13.9% | - | 36.4% | -3.6% | -10.4% | - | -13.2% | 9.5% |
| EPS growth (YoY) | -16.2% | -15.0% | 11.5% | - | 34.6% | -2.9% | -9.3% | - | -13.3% | 8.4% |
| EPS CAGR (3y) | -0.7% | -3.6% | -10.9% | - | 5.7% | -3.4% | -10.0% | - | -8.3% | 0.3% |
| EPS CAGR (5y) | -2.7% | -3.6% | -2.9% | - | 7.8% | 3.5% | -1.0% | - | -6.5% | -9.6% |
| FCF growth (YoY) | - | - | - | - | - | - | 186.3% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 15.2% | 24.3% | 24.2% | 18.9% | -9.6% | -16.6% | -22.2% | -19.4% | -5.7% | -2.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-28.
Business segments
$12.75B totalNorth 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 totalRetail 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 totalUS$6.25B · 49.0%
All Other Countries$5.72B · 44.9%
NG$724.00M · 5.7%
PL$50.00M · 0.4%
Peer comparison
Same SIC group: Grain Mill Products
Comparing KELLANOVA against the 5 most active filers in the same SIC group.