A Business at a Glance
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Mondelez International, Inc.
MDLZ
$78.5B
Mkt Cap
$60.52
+0.78%
Mondelez International, Inc. (MDLZ) has a current P/E ratio of 32.0, compared to its historical median P/E of 19.3. The stock is currently considered Expensive based on its historical valuation range.
Mondelez International, Inc. (MDLZ) has a 5-year average return on invested capital (ROIC) of 7.7%. This is below average and may indicate limited pricing power.
Mondelez International, Inc. (MDLZ) has a market capitalization of $120.8B. It is classified as a large-cap stock.
Yes, Mondelez International, Inc. (MDLZ) pays a dividend with a trailing twelve-month yield of 2.08%. The company also returns capital through share buybacks, with a buyback yield of 0.71%.
Based on historical P/E analysis, Mondelez International, Inc. (MDLZ) appears expensive. The current P/E of 32.0 is 66% above its historical median of 19.3. The estimated fair value CAGR (P/E method) is 2.7%.
Mondelez International, Inc. (MDLZ) operates in the Food And Kindred Products industry, within the Consumer Defensive sector.
Mondelēz International is one of the world's largest snack companies, selling products in over 150 countries with global net revenues of $38.5 billion and net earnings of $2.5 billion in 2025. The company's core business centers on chocolate, biscuits and baked snacks, supplemented by adjacent categories including gum & candy, cheese & grocery and powdered beverages, with an iconic portfolio spanning global brands such as Oreo, Ritz, Cadbury Dairy Milk, Milka and Toblerone alongside local favorites. Mondelēz operates approximately 145 manufacturing and processing facilities across 49 countries, with 75.8% of 2025 revenues generated outside the United States, and distributes through supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, convenience stores and increasingly through digital commerce channels including pure e-tailers and omni-channel retailers. The company's competitive advantages include its advantaged global footprint, operating scale, portfolio of iconic brands, marketing and distribution capabilities, and ability to innovate across diverse product formats, pack sizes and price points to meet local consumer preferences. The business model emphasizes consumer-centric growth through continuous brand investment, operational excellence and supply chain optimization, with strategic focus on accelerating growth in core chocolate, biscuits and baked snacks categories while building a winning growth culture and scaling sustainable snacking practices.
【Cautious near-term momentum】 Management expects emerging markets to continue delivering high single-digit growth in 2026, with particular strength anticipated in Latin America and AMEA regions, while developed markets face headwinds including subdued biscuit demand in North America and elevated price elasticity in parts of Europe requiring strategic adjustments. Cocoa costs are expected to be significantly deflationary in 2026 following recent price declines, though management is building flexibility into guidance given uncertainty around competitive reactions and cocoa price stabilization; the company aims for high single-digit EPS growth in 2026 despite material incremental brand investments. Management plans to continue stepping up investments in 2026 and into 2027 to protect long-term category growth, including expanded media spending, channel expansion strategies and point-of-sale activation, particularly in chocolate and emerging markets, while maintaining disciplined cost management and productivity improvements across the supply chain and overhead.
| Metric | Target | Period |
|---|---|---|
| Organic net revenue growth | 0%-2% | FY2026 |
| EPS growth | high single-digit | FY2026 |
Organic net revenue growth (FY2026): “On 2026, the guiding principle of the guidance was to be prudent, particularly as we see some short-term pressure points like in the U.S. You know that the biscuits category is still subdued. The main reason for the guidance range is that recent and sudden cocoa dynamics might require some adjustments and flexibility depending on how competitors will react to those prices and where cocoa eventually will stabilize.”
EPS growth (FY2026): “We are really targeting a high single-digit EPS growth for 2026, even after the material investments that we're going to put into the business to really protect the long-term growth of our categories.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 39.3B | 38.5B | 36.4B | 36.0B | 31.5B | 28.7B |
| Net Income | 2.6B | 2.5B | 4.6B | 5.0B | 2.7B | 4.3B |
| EPS | $1.31 | $1.89 | $3.42 | $3.62 | $1.96 | $3.04 |
| Free Cash Flow | 2.6B | 3.2B | 3.5B | 3.6B | 3.0B | 3.2B |
| ROIC | 6.1% | 5.9% | 10.8% | 8.6% | 5.6% | 7.6% |
| Gross Margin | 28.8% | 28.4% | 39.1% | 38.2% | 35.9% | 39.2% |
| Debt/Equity | 0.82 | 0.85 | 0.69 | 0.71 | 0.88 | 0.71 |
| Dividends/Share | $1.26 | $1.94 | $1.79 | $1.62 | $1.47 | $1.29 |
| Operating Income | 3.7B | 3.5B | 6.3B | 5.5B | 3.5B | 4.7B |
| Operating Margin | 9.4% | 9.2% | 17.4% | 15.3% | 11.2% | 16.2% |
| ROE | 10.1% | 9.3% | 16.7% | 18.0% | 9.9% | 15.4% |
| Shares Outstanding | 1,997M | 1,297M | 1,348M | 1,370M | 1,386M | 1,414M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 34.2B | 29.6B | 25.9B | 25.9B | 25.9B | 25.9B | 26.6B | 28.7B | 31.5B | 36.0B | 36.4B | 38.5B | 39.3B |
| Gross Margin | 36.8% | 38.8% | 39.0% | 38.7% | 39.9% | 40.0% | 39.3% | 39.2% | 35.9% | 38.2% | 39.1% | 28.4% | 28.8% |
| R&D | 455M | 409M | 376M | 366M | 362M | 351M | 332M | 347M | 346M | 380M | 400M | 400M | 400M |
| SG&A | 8.5B | 7.6B | 6.5B | 5.9B | 6.5B | 6.1B | 6.1B | 6.3B | 7.4B | 8.0B | 7.4B | 7.2B | 7.4B |
| EBIT | 3.2B | 8.9B | 2.6B | 3.5B | 3.3B | 3.8B | 3.9B | 4.7B | 3.5B | 5.5B | 6.3B | 3.5B | 3.7B |
| Op. Margin | 9.5% | 30.0% | 9.9% | 13.4% | 12.8% | 14.9% | 14.5% | 16.2% | 11.2% | 15.3% | 17.4% | 9.2% | 9.4% |
| Net Income | 2.2B | 7.3B | 1.6B | 2.8B | 3.3B | 3.9B | 3.6B | 4.3B | 2.7B | 5.0B | 4.6B | 2.5B | 2.6B |
| Net Margin | 6.4% | 24.5% | 6.3% | 10.9% | 12.8% | 15.2% | 13.4% | 15.0% | 8.6% | 13.8% | 12.7% | 6.4% | 6.6% |
| Non-Recurring | 692M | 7.7B | 846M | 828M | 389M | 272M | 301M | 212M | 262M | 325M | 324M | 85M | 136M |
| Returns on Capital | |||||||||||||
| ROIC | 6.2% | 19.5% | 5.7% | 6.5% | 5.6% | 8.7% | 5.5% | 7.6% | 5.6% | 8.6% | 10.8% | 5.9% | 6.1% |
| ROE | 7.3% | 26.1% | 6.1% | 11.1% | 12.8% | 14.9% | 13.0% | 15.4% | 9.9% | 18.0% | 16.7% | 9.3% | 10.1% |
| ROA | 3.1% | 11.2% | 2.6% | 4.5% | 5.3% | 6.2% | 5.4% | 6.4% | 3.9% | 7.0% | 6.6% | 3.5% | 3.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 3.6B | 3.7B | 2.8B | 2.6B | 3.9B | 4.0B | 4.0B | 4.1B | 3.9B | 4.7B | 4.9B | 4.5B | 3.9B |
| Free Cash Flow | 1.9B | 2.2B | 1.6B | 1.6B | 2.9B | 3.0B | 3.1B | 3.2B | 3.0B | 3.6B | 3.5B | 3.2B | 2.6B |
| Owner Earnings | 2.4B | 2.7B | 1.9B | 1.6B | 3.0B | 2.8B | 2.7B | 2.9B | 2.7B | 3.4B | 3.5B | 3.0B | 2.4B |
| CapEx | 1.6B | 1.5B | 1.2B | 1.0B | 1.1B | 925M | 863M | 965M | 906M | 1.1B | 1.4B | 1.3B | 1.3B |
| Maint. CapEx | 1.1B | 894M | 823M | 816M | 811M | 1.0B | 1.1B | 1.1B | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B |
| Growth CapEx | 583M | 620M | 401M | 198M | 284M | 0 | 0 | 0 | 0 | 0 | 85M | 0 | 0 |
| D&A | 1.1B | 894M | 823M | 816M | 811M | 1.0B | 1.1B | 1.1B | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B |
| CapEx/OCF | 46.1% | 40.6% | 43.1% | 39.1% | 27.7% | 23.3% | 21.8% | 23.3% | 23.2% | 23.6% | 28.2% | 28.3% | 33.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 964M | 1.0B | 1.1B | 1.2B | 1.4B | 1.5B | 1.7B | 1.8B | 2.0B | 2.2B | 2.3B | 2.5B | 2.5B |
| Dividend Yield | 2.0% | 1.9% | 2.0% | 2.2% | 2.6% | 2.4% | 2.5% | 2.4% | 2.5% | 2.4% | 2.6% | 3.1% | 2.1% |
| Share Buybacks | 1.7B | 3.6B | 2.6B | 2.2B | 2.0B | 1.5B | 1.4B | 2.1B | 2.0B | 1.5B | 2.3B | 2.4B | 863M |
| Buyback Yield | 3.4% | 6.2% | 4.5% | 4.0% | 4.0% | 2.1% | 1.9% | 2.5% | 2.4% | 1.7% | 3.0% | 3.4% | 0.7% |
| Stock-Based Comp | 141M | 136M | 140M | 137M | 128M | 135M | 126M | 121M | 120M | 146M | 147M | 114M | 125M |
| Debt Repayment | 3.0B | 5.0B | 6.2B | 1.5B | 1.8B | 2.7B | 3.9B | 6.2B | 3.0B | 2.4B | 2.6B | 2.1B | 2.1B |
| Balance Sheet | |||||||||||||
| Net Debt | 15.0B | 13.5B | 15.5B | 16.9B | 17.3B | 17.7B | 17.1B | 16.6B | 21.7B | 18.3B | 17.2B | 19.8B | 19.5B |
| Cash & Equiv. | 1.6B | 1.9B | 1.7B | 761M | 1.1B | 1.3B | 3.6B | 3.5B | 1.9B | 1.8B | 1.4B | 2.1B | 1.5B |
| Long-Term Debt | 13.8B | 14.6B | 13.2B | 13.0B | 12.5B | 14.2B | 17.3B | 17.6B | 20.3B | 16.9B | 15.7B | 17.2B | 15.5B |
| Debt/Equity | 0.60 | 0.55 | 0.68 | 0.68 | 0.72 | 0.70 | 0.75 | 0.71 | 0.88 | 0.71 | 0.69 | 0.85 | 0.82 |
| Interest Coverage | 4.2 | 14.6 | 5.0 | 8.7 | 7.2 | 7.9 | 9.1 | 12.7 | 8.3 | 10.0 | 12.5 | 5.9 | 114.9 |
| Equity | 27.8B | 28.0B | 25.2B | 26.0B | 25.6B | 27.2B | 27.6B | 28.3B | 26.9B | 28.3B | 26.9B | 25.8B | 25.8B |
| Total Assets | 66.8B | 62.8B | 61.5B | 63.0B | 62.6B | 64.5B | 67.8B | 67.1B | 71.2B | 71.4B | 68.5B | 71.5B | 71.1B |
| Total Liabilities | 38.9B | 34.7B | 36.3B | 36.9B | 37.0B | 37.2B | 40.2B | 38.8B | 44.2B | 43.0B | 41.5B | 45.6B | 45.3B |
| Intangibles | 20.3B | 18.8B | 18.1B | 18.6B | 18.0B | 18.0B | 18.5B | 18.3B | 19.7B | 19.8B | 18.8B | 19.6B | 19.5B |
| Retained Earnings | 14.5B | 20.7B | 21.1B | 22.6B | 24.5B | 26.6B | 28.4B | 30.8B | 31.5B | 34.2B | 36.5B | 36.4B | 36.3B |
| Working Capital | -2.3B | -2.0B | -5.9B | -8.3B | -9.1B | -7.7B | -5.2B | -3.7B | -6.6B | -7.3B | -6.3B | -8.9B | -10.8B |
| Current Assets | 11.8B | 9.0B | 8.5B | 7.5B | 7.6B | 7.6B | 10.0B | 10.3B | 10.1B | 11.7B | 13.2B | 13.0B | 12.7B |
| Current Liabilities | 14.0B | 10.9B | 14.4B | 15.8B | 16.7B | 15.3B | 15.2B | 14.0B | 16.7B | 19.0B | 19.5B | 21.9B | 23.5B |
| Per Share Data | |||||||||||||
| EPS | 1.28 | 4.44 | 1.04 | 1.85 | 2.23 | 2.69 | 2.47 | 3.04 | 1.96 | 3.62 | 3.42 | 1.89 | 1.31 |
| Owner EPS | 1.38 | 1.65 | 1.19 | 1.07 | 2.02 | 1.91 | 1.89 | 2.06 | 1.93 | 2.45 | 2.57 | 2.35 | 1.20 |
| Book Value | 16.26 | 17.11 | 16.00 | 17.00 | 17.24 | 18.65 | 19.16 | 19.99 | 19.39 | 20.68 | 19.98 | 19.92 | 12.90 |
| Cash Flow/Share | 2.09 | 2.28 | 1.81 | 1.70 | 2.65 | 2.71 | 2.75 | 2.93 | 2.82 | 3.44 | 3.64 | 3.48 | 2.00 |
| Dividends/Share | 0.58 | 0.64 | 0.72 | 0.82 | 0.91 | 1.06 | 1.17 | 1.29 | 1.47 | 1.62 | 1.79 | 1.94 | 1.26 |
| Shares Out. | 1.7B | 1.6B | 1.6B | 1.5B | 1.5B | 1.5B | 1.4B | 1.4B | 1.4B | 1.4B | 1.3B | 1.3B | 2.0B |
| Valuation | |||||||||||||
| P/E Ratio | 23.0 | 8.0 | 34.5 | 19.2 | 14.8 | 17.6 | 20.7 | 19.5 | 31.3 | 18.8 | 16.9 | 28.6 | 46.3 |
| P/FCF | 26.2 | 26.4 | 35.3 | 34.4 | 17.6 | 22.8 | 23.7 | 26.3 | 28.3 | 25.9 | 22.2 | 21.7 | 46.9 |
| EV/EBIT | 19.6 | 7.9 | 27.6 | 20.4 | 20.0 | 22.1 | 22.4 | 20.7 | 29.4 | 19.8 | 14.7 | 24.6 | 38.2 |
| Price/Book | 1.8 | 2.1 | 2.3 | 2.1 | 1.9 | 2.5 | 2.7 | 3.0 | 3.2 | 3.3 | 2.9 | 2.7 | 4.7 |
| Price/Sales | 1.4 | 1.8 | 2.1 | 2.1 | 2.0 | 2.5 | 2.6 | 2.6 | 2.5 | 2.5 | 2.5 | 2.1 | 3.1 |
| FCF Yield | 3.8% | 3.8% | 2.8% | 2.9% | 5.7% | 4.4% | 4.2% | 3.8% | 3.5% | 3.9% | 4.5% | 4.6% | 2.1% |
| Market Cap | 50.3B | 58.5B | 57.2B | 54.3B | 50.0B | 69.2B | 73.6B | 83.7B | 85.0B | 93.4B | 78.1B | 70.2B | 120.8B |
| Avg. Price | 27.84 | 32.14 | 34.33 | 35.44 | 35.14 | 43.81 | 47.46 | 53.72 | 57.62 | 65.24 | 66.26 | 61.39 | 60.52 |
| Year-End Price | 29.47 | 35.73 | 36.20 | 35.54 | 33.70 | 47.41 | 51.10 | 59.16 | 61.30 | 68.20 | 57.91 | 54.14 | 60.52 |
Mondelez International, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Mondelez International, Inc. trades at 32.0x trailing earnings, compared to its 15-year median P/E of 19.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 24.0x vs a median of 24.8x. The company's 5-year average ROIC is 7.7% with a gross margin of 36.2%. Total shareholder yield (dividends + buybacks) is 2.8%. At current prices, the estimated annualized return to fair value is +3.9%.
Mondelez International, Inc. (MDLZ) reported annual revenue of $38.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Mondelez International, Inc. (MDLZ) has a net profit margin of 6.4%. This is a modest margin.
Mondelez International, Inc. (MDLZ) generated $3.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Mondelez International, Inc. (MDLZ) has a debt-to-equity ratio of 0.85. This indicates moderate leverage.
Mondelez International, Inc. (MDLZ) reported earnings per share (EPS) of $1.89 in its most recent fiscal year.
Mondelez International, Inc. (MDLZ) has a return on equity (ROE) of 9.3%. This indicates moderate shareholder returns.
Mondelez International, Inc. (MDLZ) has a 5-year average gross margin of 36.2%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for Mondelez International, Inc. (MDLZ), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Mondelez International, Inc. (MDLZ) has a book value per share of $19.92, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects emerging markets to continue delivering high single-digit growth in 2026, with particular strength anticipated in Latin America and AMEA regions, while developed markets face headwinds including subdued biscuit demand in North America and elevated price elasticity in parts of Europe requiring strategic adjustments. Cocoa costs are expected to be significantly deflationary in 2026 following recent price declines, though management is building flexibility into guidance given uncertainty around competitive reactions and cocoa price stabilization; the company aims for high single-digit EPS growth in 2026 despite material incremental brand investments. Management plans to continue stepping up investments in 2026 and into 2027 to protect long-term category growth, including expanded media spending, channel expansion strategies and point-of-sale activation, particularly in chocolate and emerging markets, while maintaining disciplined cost management and productivity improvements across the supply chain and overhead.
Based on recent SEC filings and earnings calls, Mondelez International, Inc. (MDLZ) has provided the following forward guidance: Organic net revenue growth: 0%-2% (FY2026); EPS growth: high single-digit (FY2026).