MDLZ
SP100NasdaqGSMondelez International, Inc.
Consumer Defensive · Confectioners · United States
Mondelez International, Inc., through its subsidiaries, manufactures, markets, and sells snack food and beverage products in Latin America, North America, Asia, the Middle East, Africa, and Europe. The company provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese, grocery, and powdered beverage products. Its brand portfolio includes Oreo, Ritz, LU, CLIF Bar, Tate's Bake Shop biscuits and baked snacks, Cadbury Dairy Milk, Milka, and Toblerone chocolate. It serves supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets through direct store delivery, company-owned and satellite warehouses, distribution centers, third-party distributors, and other facilities, as well as through independent sales offices and agents. The company also sells products directly to businesses and consumers through e-retail platforms, retailer digital platforms, as well as through its direct-to-consumer websites and social media platforms. Mondelez International, Inc. was formerly known as Kraft Foods Inc. and changed its name to Mondelez International, Inc. in October 2012. The company was incorporated in 2000 and is headquartered in Chicago, Illinois.
www.mondelezinternational.com ↗Shares trade at a premium 30.2× trailing earnings, easing to 18.0× on forward estimates. Profitability shows a net margin of 6.6% and return on equity of 10.2%. Leverage is elevated at 3.9× net debt/EBITDA. Revenue grew 8.2% year-on-year. It yields 3.3% in dividends. The mean analyst target of USD67.13 sits 10.2% above the current price (Buy, 23 analysts).
business model
Mondelez International is a global snacking company that makes and sells biscuits, chocolate, gum, candy, and baked snacks under brands such as Oreo, Cadbury, Milka, Ritz, and Toblerone. It sells through retail, grocery, convenience, and e-commerce channels worldwide.
revenue segments
Revenue is organized geographically into Latin America, Asia/Middle East/Africa, Europe, and North America. By category, biscuits and baked snacks plus chocolate are the largest contributors, with gum and candy smaller. Emerging markets are a significant share of sales.
key dependencies
Depends on commodity input costs (notably cocoa, dairy, wheat, sugar, and packaging), brand strength and marketing, retailer relationships and shelf space, pricing power to offset inflation, and distribution reach across developed and emerging markets.
competitors
Competes with Nestle, Hershey, Mars, PepsiCo (snacks), Kellanova, General Mills, Ferrero, and numerous regional and private-label snack makers.
moat
Holds a portfolio of iconic, category-leading brands with global scale, extensive distribution networks, and strong positions in emerging markets. Brand loyalty and pricing power in snacking provide durable competitive advantages.
risks
Faces volatile commodity costs, especially sharply rising cocoa prices, currency fluctuations from heavy international exposure, price-sensitive consumers trading down to private label, health and sugar-related regulatory pressures, and geopolitical risk in emerging markets.
Financials & metrics
as of 23 Aug 2026Price is closer to the high end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
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Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $38.54B | $36.44B | $36.02B | $31.50B | — |
| Cost of revenue | $27.60B | $22.18B | $22.25B | $20.18B | — |
| Gross profit | $10.94B | $14.26B | $13.76B | $11.31B | — |
| Operating expense | $7.32B | $7.59B | $8.15B | $7.52B | — |
| Operating income | $3.62B | $6.67B | $5.61B | $3.80B | — |
| Interest expense | $599.00M | $508.00M | $550.00M | $428.00M | — |
| Pretax income | $3.01B | $6.26B | $5.88B | $3.23B | — |
| Tax provision | $782.00M | $1.47B | $1.54B | $865.00M | — |
| Net income | $2.45B | $4.61B | $4.96B | $2.72B | — |
| EBITDA | $4.97B | $8.07B | $7.64B | $4.76B | — |
| Diluted EPS | $1.89 | $3.42 | $3.62 | $1.96 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $71.49B | $68.50B | $71.39B | $71.16B | — |
| Current assets | $12.95B | $13.24B | $11.70B | $10.09B | — |
| Cash & equivalents | $2.13B | $1.35B | $1.81B | $1.92B | — |
| Inventory | $4.42B | $3.83B | $3.62B | $3.38B | — |
| Total liabilities | $45.60B | $41.54B | $43.02B | $44.24B | — |
| Current liabilities | $21.86B | $19.55B | $19.01B | $16.73B | — |
| Total debt | $21.80B | $18.37B | $19.95B | $23.45B | — |
| Long-term debt | $17.22B | $15.66B | $16.89B | $20.25B | — |
| Shareholders' equity | $25.84B | $26.93B | $28.33B | $26.88B | — |
| Retained earnings | $36.41B | $36.48B | $34.24B | $31.48B | — |
| Working capital | -$8.91B | -$6.31B | -$7.31B | -$6.64B | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $4.51B | $4.91B | $4.71B | $3.91B | — |
| Investing cash flow | -$1.20B | $526.00M | $2.81B | -$4.89B | — |
| Financing cash flow | -$2.76B | -$5.78B | -$7.56B | -$456.00M | — |
| Capital expenditure | -$1.28B | -$1.39B | -$1.11B | -$906.00M | — |
| Free cash flow | $3.23B | $3.52B | $3.60B | $3.00B | — |
| Dividends paid | -$2.49B | -$2.35B | -$2.16B | -$1.99B | — |
| Share buybacks | -$2.38B | -$2.33B | -$1.55B | -$2.02B | — |
| End cash position | $2.19B | $1.40B | $1.88B | $1.95B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 23 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 21 Aug 2026News
Sector peers
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