KHC NYSE
The Kraft Heinz Company
1W: +1.1%
1M: +2.2%
3M: -12.8%
YTD: -1.2%
1Y: -3.1%
3Y: -13.6%
5Y: -20.0%
$24.06
-0.67 (-2.69%)
Weekly Expected Move ±5.0%
$22
$24
$25
$26
$27
Credit Risk of going bust: lower than 62% of companies Debt: 40.0% of company value Bonds: $390.5M held by 375 funds, 119 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.90 (down 96%), The Kraft Heinz Company would be worth roughly what it owes.
Total debt $19.00B against a stock market value of $28.53B.
Distance to default 6.44 (Merton model): prices to 2026-10-27, balance sheet 2026-06-27, debt counted $10.19B (short-term plus half of long-term), stock volatility 28.0%; Altman Z 0.50. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $0.90 (down 96%), The Kraft Heinz Company would be worth roughly what it owes.
Total debt $19.00B against a stock market value of $28.53B.
Distance to default 6.44 (Merton model): prices to 2026-10-27, balance sheet 2026-06-27, debt counted $10.19B (short-term plus half of long-term), stock volatility 28.0%; Altman Z 0.50. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$4.5B
+6.6% ▲
5Y CAGR: -2.0%
Capital Expenditures
$801M
+21.8% ▲
5Y CAGR: +6.1%
Free Cash Flow
$3.7B
+15.9% ▲
5Y CAGR: -3.3%
Dividends Paid
$1.9B
+1.7% ▲
Buybacks
$436M
+55.9% ▲
Net Change in Cash
$1.5B
+1678.0% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $1.0B | $2.4B | $2.9B | $2.7B | -$5.8B |
| Depreciation & Amort. | $910M | $933M | $961M | $948M | $968M |
| Stock-Based Comp. | $197M | $148M | $141M | $109M | $95M |
| Change in Working Capital | $406M | -$1.5B | -$806M | -$589M | $230M |
| Other Non-Cash Items | $3.9B | $781M | $808M | $3.8B | $9.5B |
| Operating Cash Flow | $5.4B | $2.5B | $4.0B | $4.2B | $4.5B |
| — Investing Activities — | |||||
| Capital Expenditures | -$905M | -$916M | -$1.0B | -$1.2B | -$801M |
| Acquisitions (Net) | $4.9B | -$393M | $0 | $0 | $0 |
| Investment Purchases | -$28M | $0 | $0 | $0 | -$1.7B |
| Investment Sales | $905M | $208M | $0 | $0 | $686M |
| Other Investing | -$874M | $10M | $97M | $141M | $6M |
| Investing Cash Flow | $4.0B | -$1.1B | -$916M | -$1.0B | -$1.8B |
| — Financing Activities — | |||||
| Net Debt Issuance | -$7.1B | -$1.5B | -$191M | -$24M | $0 |
| Stock Repurchased | -$271M | -$280M | -$455M | -$988M | -$436M |
| Dividends Paid | -$2.0B | -$2.0B | -$2.0B | -$1.9B | -$1.9B |
| Other Financing | $12M | -$19M | -$67M | -$65M | $1.1B |
| Financing Cash Flow | -$9.3B | -$3.7B | -$2.7B | -$3.0B | -$1.3B |
| Net Change in Cash | $28M | -$2.4B | $363M | $82M | $1.5B |
| Cash End of Period | $3.4B | $1.0B | $1.4B | $1.5B | $2.9B |
| Free Cash Flow | $4.5B | $1.6B | $3.0B | $3.2B | $3.7B |