Mondelez International, Inc.

MDLZ · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998
Valuation
Market cap	$69,460	$79,871	$98,570	$91,018	$92,501	$81,564	$76,835	$55,841	$59,705	$61,839	$62,551	$61,434	$62,622	$45,225	–	–	–	–	–	–	–	–	–	$44,105	$35,822	$30,089	$29,874	$29,799
Enterprise value	$89,721	$96,869	$116,665	$112,649	$108,973	$98,506	$94,412	$73,189	$76,676	$77,351	$76,167	$76,562	$77,238	$60,315	–	–	–	–	–	–	–	–	–	$58,333	$51,667	$55,724	–	–
P/E (TTM) at period end	28.34×	17.32×	19.88×	33.50×	21.51×	22.94×	19.56×	16.83×	21.11×	37.82×	8.61×	28.13×	16.00×	14.75×	–	–	–	–	–	–	–	–	–	12.99×	19.03×	15.04×	17.04×	18.26×
P/S (TTM) at period end	1.80×	2.19×	2.74×	2.89×	3.22×	3.07×	2.97×	2.15×	2.31×	2.39×	2.11×	1.79×	1.77×	1.29×	–	–	–	–	–	–	–	–	–	1.51×	1.23×	1.31×	1.28×	1.23×
P/B at period end	2.69×	2.97×	3.48×	3.39×	3.27×	2.96×	2.82×	2.18×	2.30×	2.46×	2.23×	2.21×	1.93×	1.40×	–	–	–	–	–	–	–	–	–	1.71×	1.53×	2.14×	2.22×	1.97×
EV / EBITDA (TTM)	18.29×	12.67×	17.37×	24.27×	18.90×	19.82×	19.31×	17.75×	17.92×	22.91×	7.78×	17.80×	15.30×	12.11×	–	–	–	–	–	–	–	–	–	8.74×	7.92×	11.04×	–	–
EV / Sales (TTM)	2.33×	2.66×	3.24×	3.58×	3.79×	3.71×	3.65×	2.82×	2.96×	2.98×	2.57×	2.24×	2.19×	1.72×	–	–	–	–	–	–	–	–	–	1.99×	1.77×	2.43×	–	–
Returns
Return on equity	9.5%	17.1%	17.5%	10.1%	15.2%	12.9%	14.4%	12.9%	10.9%	6.5%	25.9%	7.9%	12.1%	9.5%	10.1%	11.5%	11.7%	12.9%	9.9%	10.7%	8.9%	8.9%	12.2%	13.1%	8.0%	14.2%	13.0%	10.8%
Return on invested capital	5.7%	11.1%	8.8%	5.3%	7.6%	5.5%	8.6%	5.6%	6.3%	5.8%	19.8%	6.5%	8.2%	7.0%	5.4%	3.7%	8.6%	6.2%	6.1%	8.2%	8.4%	7.4%	9.2%	9.6%	6.8%	5.9%	26.6%	23.4%
Dividend yield	3.6%	2.9%	2.2%	2.2%	2.0%	2.1%	2.0%	2.4%	2.0%	1.8%	1.6%	1.6%	1.5%	4.6%	–	–	–	–	–	–	–	–	–	2.1%	0.6%	3.4%	–	–
Financial health
Current ratio	0.59×	0.68×	0.62×	0.60×	0.74×	0.66×	0.50×	0.45×	0.48×	0.59×	0.82×	0.84×	0.92×	1.05×	0.88×	1.02×	1.08×	1.04×	0.64×	0.79×	0.93×	1.07×	1.03×	1.04×	0.79×	0.94×	–	–
Debt / equity	0.77×	0.58×	0.61×	0.84×	0.63×	0.63×	0.62×	0.61×	0.63×	0.63×	0.53×	0.55×	0.50×	0.49×	0.66×	0.77×	0.71×	0.87×	0.74×	0.38×	0.36×	0.42×	0.47×	0.56×	0.68×	1.84×	–	–
Effective tax rate	25.9%	23.5%	26.1%	26.8%	27.2%	36.2%	0.1%	27.2%	21.3%	7.8%	7.5%	13.8%	2.5%	9.5%	6.2%	7.4%	28.8%	28.2%	30.2%	22.4%	29.4%	32.3%	34.9%	35.5%	45.4%	41.4%	–	–
Share count
Diluted shares outstanding	1,298	1,347	1,370	1,385	1,413	1,441	1,458	1,486	1,531	1,573	1,637	1,709	1,789	1,789	1,772	1,720	1,486	1,515	1,594	1,654	1,698	1,719	1,729	1,732	1,609	1,471	1,461	1,457

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998
Revenue and gross profit
Revenue	$39,675	$38,537	$36,441	$36,016	$31,496	$28,720	$26,581	$25,868	$25,938	$25,896	$25,923	$29,636	$34,244	$35,299	$35,015	$35,810	$31,489	$38,754	$40,492	$35,858	$33,018	$34,113	$32,168	$30,498	$29,248	$29,234	$22,922	$23,430	$24,140
Cost of revenue	($27,318)	($27,602)	($22,184)	($22,252)	($20,184)	($17,466)	($16,135)	($15,531)	($15,586)	($15,831)	($15,795)	($18,124)	($21,647)	($22,189)	($21,939)	($22,710)	($19,617)	($24,819)	($27,164)	($23,656)	($21,190)	($21,845)	($20,281)	($18,531)	($17,463)	($17,566)	($13,959)	($14,615)	($15,586)
Gross profit	$12,357	$10,935	$14,257	$13,764	$11,312	$11,254	$10,446	$10,337	$10,352	$10,034	$10,104	$11,512	$12,597	$13,110	$13,076	$13,100	$11,872	$13,935	$13,328	$12,202	$11,828	$12,268	$11,887	$11,967	$11,785	$11,668	$8,963	$8,815	$8,554
Operating expenses
Research and development	–	($400)	($400)	($380)	($346)	($347)	($332)	($351)	($362)	($366)	($376)	($409)	($455)	($471)	($462)	($511)	($404)	($466)	($487)	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($7,654)	($7,173)	($7,439)	($8,002)	($7,384)	($6,263)	($6,098)	($6,136)	($6,475)	($5,938)	($6,546)	($7,577)	($8,457)	($8,679)	($9,176)	($9,382)	($9,140)	($8,784)	($8,613)	($7,587)	($7,032)	($7,138)	($6,658)	($6,136)	($5,644)	($5,748)	($4,588)	–	–
Total operating expenses	($7,907)	($7,387)	($7,912)	($8,262)	($7,778)	($6,601)	($6,593)	($6,494)	($7,040)	($6,572)	($7,550)	($2,615)	($9,355)	($9,139)	($9,439)	($9,602)	($9,376)	($8,752)	($9,752)	($8,026)	($7,670)	($7,519)	($7,275)	($6,107)	($5,824)	($6,784)	($4,951)	($5,236)	($5,019)
Total costs and expenses	($35,225)	($34,989)	($30,096)	($30,514)	($27,962)	($24,067)	($22,728)	($22,025)	($22,626)	($22,434)	($23,369)	($20,739)	($31,002)	($31,328)	($31,378)	($32,312)	($28,993)	($33,571)	($36,916)	($31,682)	($28,860)	($29,364)	($27,556)	($24,638)	($23,287)	($24,350)	($18,910)	($19,851)	($20,605)
Operating income	$4,450	$3,548	$6,345	$5,502	$3,534	$4,653	$3,853	$3,843	$3,312	$3,462	$2,554	$8,897	$3,242	$3,971	$3,637	$3,498	$2,496	$5,183	$3,576	$4,176	$4,158	$4,749	$4,612	$5,860	$5,961	$4,884	$4,012	$3,579	$3,535
Earnings
EBITDA	$5,838	$4,906	$7,647	$6,717	$4,641	$5,766	$4,969	$4,890	$4,123	$4,278	$3,377	$9,791	$4,301	$5,048	$4,982	$4,983	$3,936	$6,114	$4,562	$5,062	$5,049	$5,628	$5,491	$6,673	$6,677	$6,526	$5,046	–	–
Interest income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($603)	($599)	($508)	($550)	($428)	($365)	($423)	($484)	($462)	($396)	($515)	($609)	($778)	($1,017)	($1,863)	($1,618)	($1,770)	($1,237)	($1,240)	($604)	($510)	–	–	–	–	–	–	–	–
Pre-tax income	$4,288	$3,014	$6,261	$5,880	$3,228	$4,369	$3,383	$3,447	$2,842	$3,124	$1,454	$7,884	$2,554	$2,392	$1,774	$1,880	$726	$3,946	$2,336	$3,572	$3,648	$4,113	$3,943	$5,191	$5,110	$3,447	$3,415	$1,753	$1,632
Income tax expense	($990)	($782)	($1,469)	($1,537)	($865)	($1,190)	($1,224)	($2)	($773)	($666)	($114)	($593)	($353)	($60)	($168)	($116)	($54)	($1,136)	($658)	($1,080)	($816)	($1,209)	($1,274)	($1,812)	($1,813)	($1,565)	($1,414)	–	–
Net income	$3,516	$2,451	$4,611	$4,959	$2,717	$4,300	$3,555	$3,929	$3,317	$2,828	$1,635	$7,267	$2,184	$3,915	$3,067	$3,554	$4,114	$3,021	$2,884	$2,721	$3,060	$2,632	$2,665	$3,476	$3,394	$1,882	$2,001	$1,753	$1,632
Per share
Diluted EPS (GAAP)	$2.72	$1.89	$3.42	$3.62	$1.96	$3.04	$2.47	$2.69	$2.23	$1.85	$1.04	$4.44	$1.28	$2.19	$1.71	$2.01	$2.39	$2.03	$1.90	$1.70	$1.84	$1.55	$1.55	$2.01	$1.96	$1.17	$1.36	$1.20	$1.12
Basic EPS (GAAP)	$2.74	$1.89	$3.44	$3.64	$1.97	$3.06	$2.48	$2.72	$2.25	$1.87	$1.05	$4.49	$1.29	$2.21	$1.73	$2.01	$2.40	$2.04	$1.92	$1.71	$1.84	$1.56	$1.56	$2.01	$1.96	$1.17	$1.36	$1.20	$1.12
Basic shares outstanding	1,287	1,294	1,341	1,363	1,378	1,403	1,431	1,445	1,472	1,513	1,556	1,618	1,691	1,774	1,777	1,765	1,715	1,478	1,505	1,575	1,645	1,687	1,708	1,729	1,732	1,609	1,471	1,461	1,457
Margins
Gross margin	31.1%	28.4%	39.1%	38.2%	35.9%	39.2%	39.3%	40.0%	39.9%	38.7%	39.0%	38.8%	36.8%	37.1%	37.3%	36.6%	37.7%	36.0%	32.9%	34.0%	35.8%	36.0%	37.0%	39.2%	40.3%	39.9%	39.1%	37.6%	35.4%
Operating margin	11.2%	9.2%	17.4%	15.3%	11.2%	16.2%	14.5%	14.9%	12.8%	13.4%	9.9%	30.0%	9.5%	11.2%	10.4%	9.8%	7.9%	13.4%	8.8%	11.6%	12.6%	13.9%	14.3%	19.2%	20.4%	16.7%	17.5%	15.3%	14.6%
Net margin	8.9%	6.4%	12.7%	13.8%	8.6%	15.0%	13.4%	15.2%	12.8%	10.9%	6.3%	24.5%	6.4%	11.1%	8.8%	9.9%	13.1%	7.8%	7.1%	7.6%	9.3%	7.7%	8.3%	11.4%	11.6%	6.4%	8.7%	7.5%	6.8%

Analyst consensus

Buy42 analysts

Bearish · 2 · Hold · 8 · Bullish · 32

Earnings history

	EPS	Estimate
Q3 2024	$0.99	$0.85	Beat
Q4 2024	$0.65	$0.66	Miss
Q1 2025	$0.74	$0.65	Beat
Q2 2025	$0.73	$0.68	Beat
Q3 2025	$0.73	$0.72	Beat
Q4 2025	$0.72	$0.70	Beat
Q1 2026	$0.67	$0.61	Beat
Q2 2026	$0.73	$0.68	Beat

Peers

Company overview

IPO dateJun 13, 2001

CEODirk van de Put

Employees91,000

SectorConsumer Defensive

IndustryFood Confectioners

CountryUS

ExchangeNASDAQ Global Select

Websitewww.mondelezinternational.com

Mondelez International, Inc. operates as a prominent global entity in the snack and beverage sector, focusing on the production, promotion, and distribution of a wide array of food items. Its extensive reach spans multiple continents, including North America, Latin America, Asia, the Middle East, Africa, and Europe. The company's diverse product portfolio encompasses biscuits (such as cookies, crackers, and various savory snacks), chocolates, chewing gums, candies, as well as selection of cheese and general grocery products, and powdered beverage mixes. Among its well-recognized brands are Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; Trident chewing gum; and Tang powdered beverages. Mondelez distributes its offerings through a comprehensive network of retail outlets, catering to a broad spectrum of clients including large supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, convenience stores, petrol stations, pharmacies, discount stores, and other food retailers. This complex distribution system leverages direct store delivery, proprietary and external warehousing solutions, third-party distributors, independent sales agents, and digital e-commerce platforms. Established in 2000, the company was initially known as Kraft Foods Inc. before officially changing its name to Mondelez International, Inc. in October 2012. Its corporate headquarters are situated in Chicago, Illinois.

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