NASDAQ : MDLZ
Mondelez International, Inc. — Financial statements
Consumer Staples · Confectioners · United States
Last price 64.94 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 82.20B
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Financial statements
Mondelez International, Inc. (MDLZ) reported revenue of 39.90B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 39.90B | 38.54B | 36.44B | 36.02B | 31.50B | 28.72B |
| Cost of Revenue | 26.23B | 27.60B | 22.18B | 22.25B | 20.18B | 17.47B |
| Gross Profit | 13.67B | 10.94B | 14.26B | 13.76B | 11.31B | 11.25B |
| Selling, General & Admin | 7.42B | 7.16B | 7.67B | 7.93B | 6.45B | 6.13B |
| Amortization of Goodwill & Intangibles | 114.00M | 142.00M | 153.00M | 151.00M | 132.00M | 134.00M |
| Operating Expenses | 7.54B | 7.30B | 7.82B | 8.08B | 6.58B | 6.26B |
| Operating Income | 6.13B | 3.63B | 6.44B | 5.68B | 4.73B | 4.99B |
| Interest Expense | -579.00M | -584.00M | -488.00M | -532.00M | -417.00M | -354.00M |
| Earnings From Equity Investments | 59.00M | 65.00M | 168.00M | 160.00M | 385.00M | 393.00M |
| Currency Exchange Gain (Loss) | 456.00M | 390.00M | 236.00M | 208.00M | 3.00M | 56.00M |
| Other Non Operating Income (Expenses) | -125.00M | -79.00M | 82.00M | 25.00M | 131.00M | -1.00M |
| EBT Excluding Unusual Items | 5.94B | 3.42B | 6.44B | 5.54B | 4.83B | 5.09B |
| Merger & Restructuring Charges | -214.00M | -42.00M | -252.00M | -191.00M | -440.00M | -165.00M |
| Gain (Loss) on Sale of Investments | -3.00M | 169.00M | -337.00M | 1.07B | -22.00M | 742.00M |
| Gain (Loss) on Sale of Assets | 14.00M | 13.00M | 4.00M | 108.00M | 8.00M | |
| Asset Writedown | -67.00M | -33.00M | -153.00M | -26.00M | -101.00M | -32.00M |
| Legal Settlements | 3.00M | -318.00M | ||||
| Other Unusual Items | -301.00M | -283.00M | 391.00M | -1.00M | -361.00M | -137.00M |
| Pretax Income | 5.37B | 3.25B | 6.09B | 6.50B | 3.59B | 5.50B |
| Income Tax Expense | 1.28B | 782.00M | 1.47B | 1.54B | 865.00M | 1.19B |
| Earnings From Continuing Operations | 4.09B | 2.47B | 4.62B | 4.97B | 2.73B | 4.31B |
| Minority Interest in Earnings | -15.00M | -15.00M | -12.00M | -9.00M | -9.00M | -14.00M |
| Net Income | 4.08B | 2.45B | 4.61B | 4.96B | 2.72B | 4.30B |
| Net Income to Common | 4.08B | 2.45B | 4.61B | 4.96B | 2.72B | 4.30B |
| Shares Outstanding (Basic) | 1.28B | 1.29B | 1.34B | 1.36B | 1.38B | 1.40B |
| Shares Outstanding (Diluted) | 1.29B | 1.30B | 1.35B | 1.37B | 1.39B | 1.41B |
| EPS (Basic) | 3.18 | 1.89 | 3.44 | 3.64 | 1.97 | 3.06 |
| EPS (Diluted) | 3.18 | 1.89 | 3.42 | 3.62 | 1.96 | 3.04 |
| Free Cash Flow | 3.66B | 3.23B | 3.52B | 3.60B | 3.00B | 3.18B |
| Free Cash Flow Per Share | 2.84 | 2.49 | 2.62 | 2.63 | 2.17 | 2.25 |
| Dividend Per Share | 2.02 | 1.94 | 1.79 | 1.62 | 1.47 | 1.33 |
| Gross Margin | 34.26% | 28.38% | 39.12% | 38.22% | 35.92% | 39.18% |
| Operating Margin | 15.36% | 9.43% | 17.67% | 15.78% | 15.02% | 17.39% |
| Profit Margin | 10.22% | 6.36% | 12.65% | 13.77% | 8.63% | 14.97% |
| Free Cash Flow Margin | 9.17% | 8.39% | 9.67% | 10.00% | 9.53% | 11.06% |
| EBITDA | 7.52B | 4.99B | 7.74B | 6.90B | 5.84B | 6.11B |
| EBITDA Margin | 18.85% | 12.95% | 21.24% | 19.15% | 18.54% | 21.26% |
| D&A For EBITDA | 1.39B | 1.36B | 1.30B | 1.22B | 1.11B | 1.11B |
| EBIT | 6.13B | 3.63B | 6.44B | 5.68B | 4.73B | 4.99B |
| EBIT Margin | 15.36% | 9.43% | 17.67% | 15.78% | 15.02% | 17.39% |
| Effective Tax Rate | 23.78% | 24.08% | 24.11% | 23.63% | 24.09% | 21.62% |
| Advertising Expenses | 1.66B | 2.11B | 2.06B | 1.67B | 1.56B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.63B | 2.12B | 1.35B | 1.81B | 1.92B | 3.55B |
| Cash & Short-Term Investments | 1.63B | 2.12B | 1.35B | 1.81B | 1.92B | 3.55B |
| Accounts Receivable | 4.92B | 3.90B | 3.87B | 3.63B | 3.09B | 2.34B |
| Other Receivables | 955.00M | 955.00M | 937.00M | 878.00M | 819.00M | 851.00M |
| Receivables | 5.87B | 4.86B | 4.81B | 4.51B | 3.91B | 3.19B |
| Inventory | 4.44B | 4.42B | 3.83B | 3.62B | 3.38B | 2.71B |
| Restricted Cash | 38.00M | 70.00M | 49.00M | 74.00M | 25.00M | 7.00M |
| Other Current Assets | 1.81B | 1.48B | 3.20B | 1.69B | 855.00M | 893.00M |
| Total Current Assets | 13.79B | 12.95B | 13.24B | 11.70B | 10.09B | 10.34B |
| Property, Plant & Equipment | 11.36B | 11.40B | 10.25B | 10.38B | 9.68B | 9.27B |
| Long-Term Investments | 694.00M | 667.00M | 635.00M | 3.24B | 4.88B | 5.29B |
| Goodwill | 24.02B | 24.34B | 23.02B | 23.90B | 23.45B | 21.98B |
| Other Intangible Assets | 19.35B | 19.63B | 18.85B | 19.84B | 19.71B | 18.29B |
| Long-Term Deferred Tax Assets | 82.00M | 336.00M | 333.00M | 408.00M | 473.00M | 541.00M |
| Other Long-Term Assets | 2.48B | 2.17B | 2.17B | 1.93B | 2.88B | 1.38B |
| Total Assets | 71.78B | 71.49B | 68.50B | 71.39B | 71.16B | 67.09B |
| Accounts Payable | 9.51B | 10.14B | 9.43B | 8.32B | 7.56B | 6.73B |
| Accrued Expenses | 3.95B | 3.84B | 3.53B | 3.88B | 3.37B | 2.97B |
| Short-Term Debt | 3.65B | 2.69B | 71.00M | 420.00M | 2.30B | 216.00M |
| Current Portion of Long-Term Debt | 1.74B | 1.16B | 1.89B | 1.98B | 288.00M | 1.66B |
| Current Portion of Leases | 301.00M | 298.00M | 287.00M | 261.00M | 256.00M | |
| Other Current Liabilities | 3.55B | 3.74B | 4.33B | 4.12B | 2.96B | 2.18B |
| Total Current Liabilities | 22.40B | 21.86B | 19.55B | 19.01B | 16.73B | 14.01B |
| Long-Term Debt | 16.35B | 16.94B | 15.48B | 16.67B | 20.05B | 17.39B |
| Long-Term Leases | 591.00M | 885.00M | 806.00M | 751.00M | 712.00M | 616.00M |
| Pension & Post-Retirement Benefits | 688.00M | 774.00M | 489.00M | 561.00M | 620.00M | 982.00M |
| Long-Term Deferred Tax Liabilities | 3.59B | 3.53B | 3.42B | 3.29B | 3.44B | 3.44B |
| Other Long-Term Liabilities | 1.50B | 1.61B | 1.79B | 2.73B | 2.69B | 2.33B |
| Total Liabilities | 45.12B | 45.60B | 41.54B | 43.02B | 44.24B | 38.77B |
| Additional Paid-In Capital | 32.38B | 32.32B | 32.28B | 32.22B | 32.14B | 32.10B |
| Retained Earnings | 37.88B | 36.41B | 36.48B | 34.24B | 31.48B | 30.81B |
| Treasury Stock | -32.29B | -31.53B | -29.35B | -27.17B | -25.79B | -24.01B |
| Comprehensive Income & Other | -11.36B | -11.36B | -12.47B | -10.95B | -10.95B | -10.62B |
| Total Common Equity | 26.61B | 25.84B | 26.93B | 28.33B | 26.88B | 28.27B |
| Minority Interest | 51.00M | 53.00M | 26.00M | 34.00M | 37.00M | 54.00M |
| Shareholders' Equity | 26.66B | 25.89B | 26.96B | 28.37B | 26.92B | 28.32B |
| Total Liabilities & Equity | 71.78B | 71.49B | 68.50B | 71.39B | 71.16B | 67.09B |
| Total Debt | 22.33B | 21.97B | 18.54B | 20.11B | 23.61B | 20.14B |
| Net Cash (Debt) | -20.71B | -19.84B | -17.19B | -18.30B | -21.69B | -16.60B |
| Net Cash Per Share | -16.10 | -15.29 | -12.76 | -13.36 | -15.66 | -11.75 |
| Filing Date Shares Outstanding | 1.27B | 1.28B | 1.29B | 1.35B | 1.36B | 1.39B |
| Total Common Shares Outstanding | 1.27B | 1.28B | 1.32B | 1.35B | 1.37B | 1.39B |
| Working Capital | -8.61B | -8.91B | -6.31B | -7.31B | -6.64B | -3.67B |
| Book Value Per Share | 20.95 | 20.16 | 20.44 | 21.01 | 19.68 | 20.31 |
| Tangible Book Value | -16.76B | -18.13B | -14.93B | -15.40B | -16.28B | -12.00B |
| Tangible Book Value Per Share | -13.20 | -14.14 | -11.33 | -11.42 | -11.92 | -8.62 |
| Land | 433.00M | 404.00M | 373.00M | 384.00M | 378.00M | 379.00M |
| Buildings | 3.99B | 3.96B | 3.45B | 3.45B | 3.25B | 3.14B |
| Machinery | 15.00B | 14.61B | 12.73B | 12.74B | 11.72B | 11.84B |
| Construction In Progress | 958.00M | 1.08B | 1.06B | 1.12B | 879.00M | 732.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 4.08B | 2.45B | 4.61B | 4.96B | 2.72B | 4.30B |
| Depreciation & Amortization | 1.39B | 1.36B | 1.30B | 1.22B | 1.11B | 1.11B |
| Loss (Gain) From Sale of Assets | -14.00M | -13.00M | -4.00M | -108.00M | -8.00M | |
| Asset Writedown & Restructuring Costs | 116.00M | 85.00M | 267.00M | 128.00M | 233.00M | 128.00M |
| Loss (Gain) From Sale of Investments | 337.00M | -1.06B | 22.00M | -742.00M | ||
| Loss (Gain) on Equity Investments | -57.00M | -65.00M | -175.00M | -160.00M | -385.00M | -393.00M |
| Stock-Based Compensation | 163.00M | 114.00M | 147.00M | 146.00M | 120.00M | 121.00M |
| Other Operating Activities | -400.00M | 1.56B | -606.00M | 101.00M | 607.00M | 271.00M |
| Change in Accounts Receivable | -687.00M | 433.00M | -519.00M | -628.00M | -719.00M | -197.00M |
| Change in Inventory | 625.00M | -253.00M | -458.00M | -193.00M | -635.00M | -170.00M |
| Change in Accounts Payable | -359.00M | -145.00M | 1.68B | 264.00M | 715.00M | 702.00M |
| Change in Other Net Operating Assets | 146.00M | -1.01B | -1.67B | 48.00M | 126.00M | -984.00M |
| Operating Cash Flow | 5.00B | 4.51B | 4.91B | 4.71B | 3.91B | 4.14B |
| Capital Expenditures | -1.34B | -1.28B | -1.39B | -1.11B | -906.00M | -965.00M |
| Sale of Property, Plant & Equipment | 5.00M | 9.00M | 16.00M | 19.00M | 45.00M | 214.00M |
| Cash Acquisitions | -15.00M | -240.00M | 19.00M | -5.29B | -833.00M | |
| Divestitures | 124.00M | 127.00M | 2.29B | 3.82B | 72.00M | 39.00M |
| Investment in Securities | 32.00M | 73.00M | -278.00M | -30.00M | 505.00M | 1.47B |
| Other Investing Activities | -245.00M | -111.00M | 121.00M | 96.00M | 682.00M | 49.00M |
| Investing Cash Flow | -1.43B | -1.20B | 526.00M | 2.81B | -4.89B | -26.00M |
| Short-Term Debt Issued | 2.61B | 67.00M | 1.91B | 194.00M | ||
| Long-Term Debt Issued | 1.59B | 1.67B | 277.00M | 4.49B | 5.92B | |
| Total Debt Issued | 3.69B | 4.20B | 1.67B | 344.00M | 6.40B | 6.12B |
| Short-Term Debt Repaid | -343.00M | -1.94B | ||||
| Long-Term Debt Repaid | -2.08B | -2.55B | -2.43B | -3.03B | -6.25B | |
| Total Debt Repaid | -3.13B | -2.08B | -2.90B | -4.37B | -3.03B | -6.25B |
| Net Debt Issued (Repaid) | 561.00M | 2.13B | -1.23B | -4.02B | 3.37B | -132.00M |
| Repurchase of Common Stock | -1.34B | -2.38B | -2.33B | -1.55B | -2.02B | -2.11B |
| Common Dividends Paid | -2.57B | -2.49B | -2.35B | -2.16B | -1.99B | -1.83B |
| Other Financing Activities | -17.00M | -13.00M | 129.00M | 173.00M | 174.00M | -1.00M |
| Financing Cash Flow | -3.37B | -2.76B | -5.78B | -7.56B | -456.00M | -4.07B |
| Foreign Exchange Rate Adjustments | -9.00M | 236.00M | -140.00M | -32.00M | -169.00M | -143.00M |
| Net Cash Flow | 200.00M | 795.00M | -484.00M | -64.00M | -1.60B | -97.00M |
| Free Cash Flow | 3.66B | 3.23B | 3.52B | 3.60B | 3.00B | 3.18B |
| Free Cash Flow Margin | 9.17% | 8.39% | 9.67% | 10.00% | 9.53% | 11.06% |
| Free Cash Flow Per Share | 2.84 | 2.49 | 2.62 | 2.63 | 2.17 | 2.25 |
| Levered Free Cash Flow | 2.98B | 3.59B | 2.75B | 4.19B | 3.66B | 2.41B |
| Unlevered Free Cash Flow | 3.34B | 3.95B | 3.05B | 4.52B | 3.92B | 2.63B |
| Cash Interest Paid | 570.00M | 570.00M | 554.00M | 568.00M | 551.00M | 426.00M |
| Cash Income Tax Paid | 1.07B | 1.07B | 1.47B | 1.61B | 1.10B | 1.56B |
| Change in Working Capital | -275.00M | -974.00M | -969.00M | -509.00M | -513.00M | -649.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 83.19B | 69.46B | 79.87B | 98.57B | 91.02B | 92.50B |
| Enterprise Value | 103.90B | 90.08B | 98.82B | 117.44B | 111.06B | 109.62B |
| Last Close Price | 64.94 | 52.46 | 56.43 | 66.62 | 59.92 | 58.22 |
| PE Ratio | 20.68 | 28.34 | 17.32 | 19.88 | 33.50 | 21.51 |
| Forward PE | 19.47 | 17.76 | 18.62 | 21.29 | 22.32 | 21.96 |
| PS Ratio | 2.06 | 1.80 | 2.19 | 2.74 | 2.89 | 3.22 |
| PB Ratio | 3.10 | 2.68 | 2.96 | 3.48 | 3.38 | 3.27 |
| P/FCF Ratio | 22.47 | 21.47 | 22.67 | 27.36 | 30.32 | 29.12 |
| P/OCF Ratio | 16.43 | 15.39 | 16.27 | 20.91 | 23.29 | 22.34 |
| PEG Ratio | 3.32 | 9.34 | 4.75 | 2.49 | 4.24 | 2.50 |
| EV/Sales Ratio | 2.58 | 2.34 | 2.71 | 3.26 | 3.53 | 3.82 |
| EV/EBITDA Ratio | 13.68 | 18.05 | 12.77 | 17.02 | 19.02 | 17.95 |
| EV/EBIT Ratio | 16.79 | 24.80 | 15.35 | 20.66 | 23.47 | 21.95 |
| EV/FCF Ratio | 28.13 | 27.84 | 28.05 | 32.60 | 36.99 | 34.52 |
| Debt / Equity Ratio | 0.84 | 0.85 | 0.69 | 0.71 | 0.88 | 0.71 |
| Debt / EBITDA Ratio | 2.67 | 3.80 | 2.15 | 2.55 | 3.55 | 2.93 |
| Debt / FCF Ratio | 6.11 | 6.79 | 5.26 | 5.58 | 7.87 | 6.34 |
| Net Debt / Equity Ratio | 0.78 | 0.77 | 0.64 | 0.65 | 0.81 | 0.59 |
| Net Debt / EBITDA Ratio | 2.75 | 3.98 | 2.22 | 2.65 | 3.71 | 2.72 |
| Net Debt / FCF Ratio | 5.66 | 6.13 | 4.88 | 5.08 | 7.22 | 5.23 |
| Asset Turnover | 0.56 | 0.55 | 0.52 | 0.51 | 0.46 | 0.43 |
| Inventory Turnover | 5.50 | 6.70 | 5.96 | 6.36 | 6.63 | 6.52 |
| Quick Ratio | 0.34 | 0.32 | 0.32 | 0.33 | 0.35 | 0.48 |
| Current Ratio | 0.62 | 0.59 | 0.68 | 0.62 | 0.60 | 0.74 |
| Return on Equity (ROE) | 15.48% | 9.33% | 16.71% | 17.97% | 9.87% | 15.41% |
| Return on Assets (ROA) | 5.35% | 3.24% | 5.75% | 4.98% | 4.28% | 4.63% |
| Return on Invested Capital (ROIC) | 9.90% | 6.14% | 10.76% | 9.11% | 7.68% | 8.73% |
| Return on Capital Employed (ROCE) | 12.40% | 7.30% | 13.20% | 10.80% | 8.70% | 9.40% |
| Earnings Yield | 4.84% | 3.53% | 5.77% | 5.03% | 2.99% | 4.65% |
| FCF Yield | 4.45% | 4.66% | 4.41% | 3.65% | 3.30% | 3.43% |
| Dividend Yield | 3.16% | 3.58% | 2.95% | 2.22% | 2.21% | 2.00% |
| Payout Ratio | 65.44% | 101.47% | 50.94% | 43.56% | 73.06% | 42.47% |
| Buyback Yield / Dilution | 1.85% | 3.64% | 1.68% | 1.08% | 1.98% | 1.94% |
| Total Shareholder Return | 5.05% | 7.22% | 4.63% | 3.30% | 4.19% | 3.94% |