Stock Analysis on Net

Kellanova (NYSE:K)

This company has been moved to the archive! The financial data has not been updated since August 1, 2024.

Analysis of Profitability Ratios

Microsoft Excel

Profitability Ratios (Summary)

Kellanova, profitability ratios

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 28, 2019
Return on Sales
Gross profit margin 32.64% 30.13% 32.16% 34.33% 32.27%
Operating profit margin 11.47% 10.68% 12.35% 12.79% 10.32%
Net profit margin 7.25% 6.27% 10.49% 9.08% 7.07%
Return on Investment
Return on equity (ROE) 29.95% 24.36% 40.00% 40.20% 34.95%
Return on assets (ROA) 6.09% 5.19% 8.19% 6.95% 5.47%

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Kellanova gross profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Kellanova operating profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Kellanova net profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Kellanova ROE deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
ROA A profitability ratio calculated as net income divided by total assets. Kellanova ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Gross Profit Margin

Kellanova, gross profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Gross profit 4,283 4,615 4,560 4,727 4,381
Net sales 13,122 15,315 14,181 13,770 13,578
Profitability Ratio
Gross profit margin1 32.64% 30.13% 32.16% 34.33% 32.27%
Benchmarks
Gross Profit Margin, Competitors2
Altria Group Inc. 58.34% 56.77% 53.79% 49.80% 50.62%
Coca-Cola Co. 59.52% 58.14% 60.27% 59.31% 60.77%
PepsiCo Inc. 54.21% 53.03% 53.35% 54.82% 55.13%
Philip Morris International Inc. 63.35% 64.10% 68.06% 66.65% 64.73%

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Gross profit margin = 100 × Gross profit ÷ Net sales
= 100 × 4,283 ÷ 13,122 = 32.64%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Kellanova gross profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Operating Profit Margin

Kellanova, operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Operating profit 1,505 1,635 1,752 1,761 1,401
Net sales 13,122 15,315 14,181 13,770 13,578
Profitability Ratio
Operating profit margin1 11.47% 10.68% 12.35% 12.79% 10.32%
Benchmarks
Operating Profit Margin, Competitors2
Altria Group Inc. 47.16% 47.49% 44.44% 41.57% 41.12%
Coca-Cola Co. 24.72% 25.37% 26.67% 27.25% 27.06%
PepsiCo Inc. 13.10% 13.33% 14.04% 14.32% 15.32%
Philip Morris International Inc. 32.85% 38.56% 41.32% 40.66% 35.33%
Operating Profit Margin, Sector
Food, Beverage & Tobacco 23.57% 25.01% 26.21% 26.30% 25.88%
Operating Profit Margin, Industry
Consumer Staples 7.91% 9.22% 9.19% 8.88% 8.07%

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Operating profit margin = 100 × Operating profit ÷ Net sales
= 100 × 1,505 ÷ 13,122 = 11.47%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Kellanova operating profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Net Profit Margin

Kellanova, net profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Net income attributable to Kellanova 951 960 1,488 1,251 960
Net sales 13,122 15,315 14,181 13,770 13,578
Profitability Ratio
Net profit margin1 7.25% 6.27% 10.49% 9.08% 7.07%
Benchmarks
Net Profit Margin, Competitors2
Altria Group Inc. 33.21% 22.97% 9.51% 17.08% -5.15%
Coca-Cola Co. 23.42% 22.19% 25.28% 23.47% 23.94%
PepsiCo Inc. 9.92% 10.31% 9.59% 10.12% 10.89%
Philip Morris International Inc. 22.21% 28.49% 29.00% 28.08% 24.11%
Net Profit Margin, Sector
Food, Beverage & Tobacco 18.15% 17.86% 16.50% 17.31% 13.89%
Net Profit Margin, Industry
Consumer Staples 5.80% 6.43% 6.12% 6.32% 4.14%

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Net profit margin = 100 × Net income attributable to Kellanova ÷ Net sales
= 100 × 951 ÷ 13,122 = 7.25%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Kellanova net profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Return on Equity (ROE)

Kellanova, ROE calculation, comparison to benchmarks

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Net income attributable to Kellanova 951 960 1,488 1,251 960
Total Kellanova equity 3,175 3,941 3,720 3,112 2,747
Profitability Ratio
ROE1 29.95% 24.36% 40.00% 40.20% 34.95%
Benchmarks
ROE, Competitors2
Altria Group Inc. 157.34% -20.78%
Coca-Cola Co. 41.30% 39.59% 42.48% 40.14% 46.99%
PepsiCo Inc. 49.04% 51.96% 47.48% 52.92% 49.47%
Philip Morris International Inc.
ROE, Sector
Food, Beverage & Tobacco 120.39% 117.44% 106.01% 118.96% 77.88%
ROE, Industry
Consumer Staples 37.72% 38.84% 35.60% 35.51% 22.58%

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
ROE = 100 × Net income attributable to Kellanova ÷ Total Kellanova equity
= 100 × 951 ÷ 3,175 = 29.95%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Kellanova ROE deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Return on Assets (ROA)

Kellanova, ROA calculation, comparison to benchmarks

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Net income attributable to Kellanova 951 960 1,488 1,251 960
Total assets 15,621 18,496 18,178 17,996 17,564
Profitability Ratio
ROA1 6.09% 5.19% 8.19% 6.95% 5.47%
Benchmarks
ROA, Competitors2
Altria Group Inc. 21.08% 15.60% 6.26% 9.42% -2.62%
Coca-Cola Co. 10.97% 10.29% 10.36% 8.87% 10.33%
PepsiCo Inc. 9.03% 9.67% 8.25% 7.66% 9.31%
Philip Morris International Inc. 11.96% 14.67% 22.06% 17.98% 16.76%
ROA, Sector
Food, Beverage & Tobacco 11.83% 11.73% 10.83% 10.05% 8.61%
ROA, Industry
Consumer Staples 9.00% 9.73% 8.87% 8.56% 5.91%

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
ROA = 100 × Net income attributable to Kellanova ÷ Total assets
= 100 × 951 ÷ 15,621 = 6.09%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Kellanova ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.