Mondelez International (MDLZ)
Consumer Staples · $77.4B market cap · SEC CIK 0001103982
fundamentals score out of 100
Next reports on Oct 26, 2026, after the close, with analysts expecting $0.73 in earnings per share.
The case for MDLZ
- Moves less than the market (beta 0.38).
- Pays a modest 2.4% dividend.
The case against
- Priced at 22.0× earnings while earnings per share are shrinking (-0.4%).
- Current liabilities exceed current assets (ratio 0.60).
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Consumer Staples companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 64 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 56 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 55 |
| Momentumhow the price has behaved lately | 51 |
| Stabilityhow violently it moves, what it owes and what it pays you | 80 |
- Each factor except momentum is half fixed thresholds, half rank among the 36 Consumer Staples companies.
Key numbers
| Price / earnings | 22.0× |
|---|---|
| Price / book | 2.79× |
| Price / sales | 2.0× |
| Revenue growth (YoY) | +6.9% |
| EPS growth (YoY) | -0.4% |
| Gross margin | 31% |
| Operating margin | 11% |
| Net margin | 9% |
| Return on equity | 13% |
| Debt / equity | 0.81× |
| Current ratio | 0.60 |
| Dividend yield | 2.37% |
| Beta | 0.38 |
| 52-week range | $51.20 – $66.65 |
| Position in that range | 64% of the way up |
| 3-month return | +0.1% |
| 1-year return | -5.6% |
Five years of financials, as filed
Pulled from Mondelez International's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $38.5B | $36.4B | $36.0B | $31.5B | $28.7B |
| Gross profit | $10.9B | $14.3B | $13.8B | $11.3B | $11.3B |
| Operating income | $3.5B | $6.3B | $5.5B | $3.5B | $4.7B |
| Net income | $2.5B | $4.6B | $5.0B | $2.7B | $4.3B |
| Operating cash flow | $4.5B | $4.9B | $4.7B | $3.9B | $4.1B |
| Capital expenditure | $1.3B | $1.4B | $1.1B | $906M | $965M |
| Total assets | $71.5B | $68.5B | $71.4B | $71.2B | $67.1B |
| Total liabilities | $45.6B | $41.5B | $43.0B | $44.2B | $38.8B |
| Shareholder equity | $25.8B | $26.9B | $28.3B | $26.9B | $28.3B |
| Cash | $2.2B | $1.4B | $1.9B | $1.9B | $3.6B |
| Free cash flow | $3.2B | $3.5B | $3.6B | $3.0B | $3.2B |
| Gross margin | 28.4% | 39.1% | 38.2% | 35.9% | 39.2% |
| Operating margin | 9.2% | 17.4% | 15.3% | 11.2% | 16.2% |
| Net margin | 6.4% | 12.7% | 13.8% | 8.6% | 15.0% |
| Diluted shares | 1.3B | 1.3B | 1.4B | 1.4B | 1.4B |
Share count is down 8.1% over 4 years. Buybacks have been shrinking the pie.
What Mondelez International says it does
Mondelēz International’s purpose is to empower people to snack right. We sell our products in over 150 c ountries around the world. We are one of the world’s largest snack companies with global net revenues of $38.5 billion and net earnings of $2.5 billion in 2025. Our core business is making and selling chocolate, biscuits and baked snacks. We also have additional businesses in adjacent, locally relevant categories including gum & candy, cheese & grocery and powdered beverages. Our portfolio includes iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate’s Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. We strive to create a positive impact on the world and communities in which we operate while driving business performance. Our goal is to lead the future of snacking around the world by offering the right snack, for the right moment, made the right way. We aim to…
Risk factors MDLZ lists in its 10-K
- Commodity and other input prices are volatile and may increase or decrease significantly or availability of commodities may become constrained
- We are subject to risks from operating globally, including potential cost impacts of any tariffs that may be enacted by governments as well as other trade and regulatory uncertainty
- We are subject to risks from changes to the trade policies and tariff and import/export regulations by the U.S. and/or other foreign government
- Management's Discussion and Analysis of Financial Condition and Results of Operations
- The war in Ukraine has impacted and could continue to impact our business operations, financial performance and results of operations
- Recent Developments and Significant Items Affecting Comparability – War in Ukraine
- Management’s Discussion and Analysis of Financial Condition and Results of Operations
- Promoting and protecting our reputation and brand image is essential to our business success
- We must correctly predict, identify, interpret and meet changes in consumer preferences and demand and offer new and improved products that meet those changes
- Our operations in certain emerging markets expose us to political, economic and regulatory risks
- Our use of information technology and third-party service providers exposes us to cybersecurity risks and other business disruptions
- We are subject to risks from unanticipated business disruptions
- We may not successfully identify, complete or manage strategic transactions
- Our business is subject to an increasing focus on sustainability matters