Financials Kraft Heinz

Equities

KHC

US5007541064

Food Processing

Delayed Nasdaq Other stock markets 21:00:00 13/02/2026 GMT			5-day change	1st Jan Change
24.80 ^USD	+1.97%		+0.65%	+2.27%

02-14	The Kraft Heinz Company, Q4 2025 Pre Recorded Earnings Call, Feb 11, 2026
02-13	UBS Adjusts Price Target on Kraft Heinz to $25 From $24, Maintains Neutral Rating	MT

Projected Income Statement: Kraft Heinz

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	26,042	26,485	26,640	25,846	24,942	24,455	24,700	24,864
Change	-	1.7%	0.59%	-2.98%	-3.5%	-1.95%	1%	0.66%
EBITDA ¹	6,371	6,003	6,307	6,308	5,713	5,031	5,232	5,194
Change	-	-5.78%	5.06%	0.02%	-9.43%	-11.95%	4.01%	-0.74%
EBIT ¹	5,264	4,933	5,243	5,360	4,745	4,019	4,248	4,206
Change	-	-6.29%	6.28%	2.23%	-11.47%	-15.31%	5.7%	-0.97%
Interest Paid ¹	-1,130	-959	-912	-912	-	-933.8	-911.2	-920.5
Earnings before Tax (EBT) ¹	1,708	2,966	3,633	856	-5,445	3,251	3,204	3,456
Change	-	73.65%	22.49%	-76.44%	-736.1%	159.7%	-1.43%	7.87%
Net income ¹	1,012	2,363	2,855	2,744	-5,846	2,420	2,359	2,805
Change	-	133.5%	20.82%	-3.89%	-313.05%	141.39%	-2.49%	18.91%
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	11/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	6,394	6,615	6,324	6,709	6,045	6,554	6,505	7,381	6,489	6,721	6,570	6,860	6,411	6,476	6,383	6,576	5,999	6,352	6,237	6,354	5,863	6,154	6,121	6,275	5,885	6,207	6,194	6,380
Change	-	3.46%	-4.4%	6.09%	-9.9%	8.42%	-0.75%	13.47%	-12.09%	3.58%	-2.25%	4.41%	-6.55%	1.01%	-1.44%	3.02%	-8.77%	5.88%	-1.81%	1.88%	-7.73%	4.97%	-0.54%	2.52%	-6.22%	5.49%	-0.21%	2.99%
EBITDA ¹	1,580	1,706	1,479	1,606	1,342	1,520	1,398	1,743	1,480	1,612	1,565	1,650	1,495	1,619	1,575	1,619	1,430	1,517	1,351	1,415	1,237	1,299	1,211	1,258	1,263	1,336	1,238	1,281
Change	-	7.97%	-13.31%	8.59%	-16.44%	13.26%	-8.03%	24.68%	-15.09%	8.92%	-2.92%	5.43%	-9.39%	8.29%	-2.72%	2.79%	-11.67%	6.08%	-10.94%	4.74%	-12.61%	5.07%	-6.82%	3.92%	0.41%	5.78%	-7.38%	3.53%
EBIT ¹	1,307	1,426	1,200	1,331	1,091	1,243	1,143	1,456	1,232	1,337	1,298	1,375	1,265	1,380	1,330	1,385	1,199	1,276	1,106	1,164	984.9	1,037	951.8	999.9	997.3	1,061	972.9	1,020
Change	-	9.1%	-15.85%	10.92%	-18.03%	13.93%	-8.05%	27.38%	-15.38%	8.52%	-2.92%	5.93%	-8%	9.09%	-3.62%	4.14%	-13.43%	6.42%	-13.32%	5.24%	-15.39%	5.27%	-8.19%	5.04%	-0.25%	6.39%	-8.31%	4.88%
Charge d'intérêts ¹	-309	-295	-268	-258	-242	-243	-231	-243	-227	-228	-228	-229	-226	-229	-230	-227	-229	-240	-240	-	-236.2	-234.6	-232	-231	-227.4	-224.3	-220.2	-219.2
Earnings before Tax (EBT) ¹	704	645	879	-520	971	399	545	1,051	1,051	1,172	460	950	1,029	348	-283	-238	1,018	-8,167	807	897	803	866.5	758.5	819.5	803	889	735	806
Change	-	-8.38%	36.28%	-159.16%	286.73%	-58.91%	36.59%	92.84%	0%	11.51%	-60.75%	106.52%	8.32%	-66.18%	-181.32%	15.9%	527.73%	-902.26%	109.88%	11.15%	-10.48%	7.91%	-12.46%	8.04%	-2.01%	10.71%	-17.32%	9.66%
Net income ¹	563	-27	733	-257	776	265	432	890	836	1,000	262	757	801	102	-290	2,131	712	-7,824	615	651	597.5	645	564.5	610	599	663	548	600
Change	-	-104.8%	2,814.81%	-135.06%	401.95%	-65.85%	63.02%	106.02%	-6.07%	19.62%	-73.8%	188.93%	5.81%	-87.27%	-384.31%	834.83%	-66.59%	-1,198.88%	107.86%	5.85%	-8.22%	7.95%	-12.48%	8.06%	-1.8%	10.68%	-17.35%	9.49%
Announcement Date	29/04/21	04/08/21	27/10/21	16/02/22	27/04/22	27/07/22	26/10/22	15/02/23	03/05/23	02/08/23	01/11/23	14/02/24	01/05/24	31/07/24	30/10/24	12/02/25	29/04/25	30/07/25	29/10/25	11/02/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Kraft Heinz

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	18,370	19,030	18,632	18,535	-	17,807	17,319	17,075
Change	-	3.59%	-2.09%	-0.52%	-	-	-2.74%	-1.41%
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	11/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Kraft Heinz

Fiscal Period: December	2021	2022	2023	2024	2026	2027	2028
CAPEX ¹	905	916	1,013	1,024	905.6	906.5	880.9
Change	-	1.22%	10.59%	1.09%	-	0.09%	-2.82%
Free Cash Flow (FCF) ¹	4,459	1,553	2,963	3,160	2,634	2,900	2,959
Change	-	-65.17%	90.79%	6.65%	-	10.09%	2.05%
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Kraft Heinz

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	24.46%	22.67%	23.67%	24.41%	22.91%	20.57%	21.18%	20.89%
EBIT Margin (%)	20.21%	18.63%	19.68%	20.74%	19.02%	16.43%	17.2%	16.92%
EBT Margin (%)	6.56%	11.2%	13.64%	3.31%	-21.83%	13.29%	12.97%	13.9%
Net margin (%)	3.89%	8.92%	10.72%	10.62%	-23.44%	9.89%	9.55%	11.28%
FCF margin (%)	17.12%	5.86%	11.12%	12.23%	-	10.77%	11.74%	11.9%
FCF / Net Income (%)	440.61%	65.72%	103.78%	115.16%	-	108.86%	122.91%	105.48%
Profitability
ROA	3.75%	3.73%	4.07%	4.17%	-	2.96%	3.23%	3.53%
ROE	7.29%	7.01%	7.5%	7.54%	-	5.87%	6.26%	6.25%
Financial Health
Leverage (Debt/EBITDA)	2.88x	3.17x	2.95x	2.94x	-	3.54x	3.31x	3.29x
Debt / Free cash flow	4.12x	12.25x	6.29x	5.87x	-	6.76x	5.97x	5.77x
Capital Intensity
CAPEX / Current Assets (%)	3.48%	3.46%	3.8%	3.96%	-	3.7%	3.67%	3.54%
CAPEX / EBITDA (%)	14.2%	15.26%	16.06%	16.23%	-	18%	17.32%	16.96%
CAPEX / FCF (%)	20.3%	58.98%	34.19%	32.41%	-	34.38%	31.26%	29.77%
Items per share
Cash flow per share ¹	4.34	1.999	3.219	3.458	-	2.894	3.128	3.142
Change	-	-53.93%	61.03%	7.41%	-	-	8.08%	0.45%
Dividend per Share ¹	1.6	1.6	1.6	1.6	-	1.604	1.616	1.633
Change	-	0%	0%	0%	-	-	0.78%	1.07%
Book Value Per Share ¹	40.28	40.28	39.84	40.65	-	35.85	36.5	36.41
Change	-	0%	-1.07%	2.02%	-	-	1.81%	-0.25%
EPS ¹	0.82	1.91	2.31	2.26	-4.93	2.052	2.276	2.43
Change	-	132.93%	20.94%	-2.16%	-318.14%	141.63%	10.91%	6.75%
Nbr of stocks (in thousands)	1,224,042	1,224,930	1,226,539	1,209,175	1,183,656	1,183,745	1,183,745	1,183,745
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	11/02/26	-	-	-