Explain this page
Arphra AIPlain-English read on The Kraft Heinz Company’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $26.04B | $26.49B | $26.64B | $25.85B | $24.94B | $24.45B | $24.57B | $24.87B | $24.89B |
| Cost of revenue | $17.36B | $18.36B | $17.71B | $16.88B | $16.63B | $16.01B | $16.09B | $16.5B | $16.21B |
| Gross profit | $8.68B | $8.12B | $8.93B | $8.97B | $8.31B | $8.13B | $8.32B | $8.58B | $8.56B |
| Gross margin | +33.34% | +30.67% | +33.51% | +34.70% | +33.31% | +33.25% | +33.86% | +34.48% | +34.38% |
| Operating | |||||||||
| Research & development | $140M | $0 | $147M | $0 | $0 | $43.63M | $45.07M | $44.95M | $45.27M |
| Selling, general & administrative | $3.37B | $3.43B | $3.59B | $3.49B | $3.67B | $3.47B | $3.46B | $3.53B | $3.55B |
| Total operating expenses | $5.22B | $4.49B | $4.35B | $7.29B | $12.98B | $7.81B | $7.75B | $8.12B | $8.13B |
| Operating income | $3.46B | $3.63B | $4.57B | $1.68B | -$4.67B | $411.95M | $416.19M | $411.59M | $415.71M |
| Operating margin | +13.29% | +13.72% | +17.16% | +6.51% | -18.72% | +1.68% | +1.69% | +1.65% | +1.67% |
| EBITDA | $4.67B | $4.82B | $5.51B | $2.72B | -$3.53B | $1.37B | $1.39B | $1.4B | $1.4B |
| EBIT | $3.76B | $3.89B | $4.55B | $1.77B | -$4.5B | $471.86M | $476.59M | $488.67M | $481.19M |
| Below the line | |||||||||
| Interest expense | $2.05B | $921M | $912M | $912M | $947M | $861.92M | $861.24M | $889.68M | $874.27M |
| Interest income | $15M | $27M | $40M | $69M | $122M | $75.47M | $72.68M | $74.19M | $75.04M |
| Other income / expense | -$1.75B | -$668M | -$939M | -$827M | -$776M | — | — | — | — |
| Pre-tax income | $1.71B | $2.97B | $3.63B | $856M | -$5.45B | -$397.37M | -$408.27M | -$413.41M | -$397.71M |
| Income tax expense | $684M | $598M | $787M | -$1.89B | $403M | -$84.2M | -$87.76M | -$89.84M | -$89.67M |
| Earnings | |||||||||
| Net income | $1.01B | $2.36B | $2.86B | $2.74B | -$5.85B | -$174.1M | -$168.17M | -$172.93M | -$175.22M |
| Net income · continuing ops | $1.02B | $2.37B | $2.85B | $2.75B | -$5.85B | -$175.58M | -$173.05M | -$178.17M | -$176.03M |
| Net margin | +3.89% | +8.92% | +10.72% | +10.62% | -23.44% | -0.71% | -0.68% | -0.70% | -0.70% |
| EPS · basic | $0.83 | $1.93 | $2.33 | $2.27 | $-4.93 | $2.06 | $2.09 | $2.21 | $2.21 |
| EPS · diluted | $0.82 | $1.91 | $2.31 | $2.26 | $-4.93 | $2.06 | $2.08 | $2.18 | $2.21 |
| EPS · low estimate | — | — | — | — | — | $2.03 | $1.99 | $1.94 | $2.16 |
| EPS · high estimate | — | — | — | — | — | $2.11 | $2.38 | $2.57 | $2.25 |
| Shares · basic | 1.22B | 1.23B | 1.23B | 1.21B | 1.19B | 1.18B | 1.19B | 1.19B | 1.19B |
| Shares · diluted | 1.24B | 1.24B | 1.24B | 1.22B | 1.19B | 1.19B | 1.2B | 1.18B | 1.2B |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 15 | 15 | 13 | 8 |
| Analysts (EPS) | — | — | — | — | — | 11 | 11 | 5 | 1 |
Coverage notes. Historical figures come from FMP’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS from FMP consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
Full income statement, balance sheet, and cash-flow history is included with Pro.
Upgrade to Pro