Kellanova (K) Financials

$82.45 +0.16 (+0.19%)

As of 03:58 PM Eastern

Annual Income Statements for Kellanova

This table shows Kellanova's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	614	699	1,254	1,336	960	1,251	1,481	958	951	1,330
Consolidated Net Income / (Loss)	614	700	1,254	1,344	977	1,264	1,488	960	964	1,343
Net Income / (Loss) Continuing Operations	614	700	1,254	1,148	977	1,264	1,103	731	788	1,356
Total Pre-Tax Income	773	934	1,657	1,329	1,305	1,601	1,452	902	1,040	1,654
Total Operating Income	1,091	1,483	1,387	1,706	1,401	1,761	1,383	1,211	1,505	1,873
Total Gross Profit	4,681	4,834	4,699	4,726	4,381	4,727	3,818	3,811	4,283	4,545
Total Revenue	13,525	12,965	12,854	13,547	13,578	13,770	11,747	12,653	13,122	12,749
Operating Revenue	13,525	12,965	12,854	13,547	13,578	13,770	11,747	12,653	13,122	12,749
Total Cost of Revenue	8,844	8,131	8,155	8,821	9,197	9,043	7,929	8,842	8,839	8,204
Operating Cost of Revenue	8,844	8,131	8,155	8,821	9,197	9,043	7,929	8,842	8,839	8,204
Total Operating Expenses	3,590	3,351	3,312	3,020	2,980	2,966	2,435	2,600	2,778	2,672
Selling, General & Admin Expense	3,590	3,351	3,312	3,020	2,980	2,966	2,435	2,600	2,778	2,672
Total Other Income / (Expense), net	-318	-549	270	-377	-96	-160	72	-300	-465	-213
Interest Expense	227	406	256	287	284	281	205	201	303	311
Interest & Investment Income	-	-	-	-	-	-	3.00	9.00	-	6.00
Other Income / (Expense), net	-91	-143	526	-90	188	121	274	-108	-162	92
Income Tax Expense	159	235	410	181	321	323	353	180	258	304
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	392	231	176	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	1.00	0.00	8.00	17	13	7.00	2.00	13	13
Basic Earnings per Share	$1.74	$1.99	$3.61	$3.85	$2.81	$3.65	$8.72	$5.62	$2.78	$7.84
Weighted Average Basic Shares Outstanding	354M	350M	347.40M	347M	342.05M	343.95M	341.67M	341.83M	340.68M	345.22M
Diluted Earnings per Share	$1.72	$1.97	$3.58	$3.83	$2.80	$3.63	$8.66	$5.58	$2.76	$7.76
Weighted Average Diluted Shares Outstanding	354M	350M	347.40M	347M	342.05M	343.95M	341.67M	341.83M	340.68M	345.22M
Weighted Average Basic & Diluted Shares Outstanding	354M	350M	347.40M	347M	342.05M	343.95M	341.67M	341.83M	340.68M	345.22M
Cash Dividends to Common per Share	$1.98	$2.04	$2.12	$2.20	$2.26	$2.28	$2.31	$2.34	$2.34	$2.26

This table shows Kellanova's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	310	-100	298	352	268	33	267	341	364	358
Consolidated Net Income / (Loss)	312	-102	302	357	269	36	271	344	367	361
Net Income / (Loss) Continuing Operations	312	-331	234	298	198	58	271	347	370	368
Total Pre-Tax Income	383	-437	293	372	277	98	353	443	402	456
Total Operating Income	368	-89	346	417	414	328	393	493	456	531
Total Gross Profit	1,153	356	984	1,094	1,110	1,095	1,031	1,161	1,176	1,177
Total Revenue	3,946	1,171	3,342	3,351	3,255	3,174	3,200	3,192	3,233	3,124
Operating Revenue	3,946	1,171	3,342	3,351	3,255	3,174	3,200	3,192	3,233	3,124
Total Cost of Revenue	2,793	815	2,358	2,257	2,145	2,079	2,169	2,031	2,057	1,947
Operating Cost of Revenue	2,793	815	2,358	2,257	2,145	2,079	2,169	2,031	2,057	1,947
Total Operating Expenses	785	445	638	677	696	767	638	668	720	646
Selling, General & Admin Expense	785	445	638	677	696	767	638	668	720	646
Total Other Income / (Expense), net	15	-339	-53	-42	-138	-232	-40	-49	-52	-72
Interest Expense	39	52	70	73	75	85	83	83	75	70
Other Income / (Expense), net	54	-296	17	28	-62	-145	43	33	21	-5.00
Income Tax Expense	74	-103	61	77	78	42	82	97	34	91
Net Income / (Loss) Attributable to Noncontrolling Interest	2.00	-2.00	4.00	5.00	1.00	3.00	4.00	3.00	3.00	3.00
Basic Earnings per Share	$0.91	$2.51	$0.87	$2.08	$1.58	($1.75)	$0.78	$2.02	$2.14	$2.90
Weighted Average Basic Shares Outstanding	341M	341.83M	342M	343M	342M	340.68M	341M	342M	343M	345.22M
Diluted Earnings per Share	$0.90	$2.50	$0.86	$2.06	$1.56	($1.72)	$0.78	$2.00	$2.10	$2.88
Weighted Average Diluted Shares Outstanding	344M	341.83M	345M	345M	345M	340.68M	344M	345M	347M	345.22M
Weighted Average Basic & Diluted Shares Outstanding	341.28M	341.83M	342.76M	342.35M	342.52M	340.68M	341.88M	342.29M	344.70M	345.22M
Cash Dividends to Common per Share	$0.59	$0.59	$0.59	$0.59	$0.60	$0.56	$0.56	$0.56	$0.57	$0.57

This table details how cash moves in and out of Kellanova's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-192	29	1.00	40	76	38	-149	13	-25	420
Net Cash From Operating Activities	1,691	1,271	403	1,536	1,176	1,986	1,701	1,651	1,645	1,760
Net Cash From Continuing Operating Activities	1,675	1,107	403	1,536	1,176	1,986	1,701	1,651	1,645	1,760
Net Income / (Loss) Continuing Operations	614	700	1,254	1,344	977	1,264	1,495	962	964	1,356
Consolidated Net Income / (Loss)	614	700	1,254	1,344	977	1,264	1,495	962	964	1,356
Depreciation Expense	534	517	481	516	484	479	467	478	419	367
Non-Cash Adjustments To Reconcile Net Income	457	217	-234	-321	-220	-54	-388	271	259	194
Changes in Operating Assets and Liabilities, net	70	-327	-1,098	-3.00	-65	297	127	-60	3.00	-157
Net Cash From Investing Activities	-1,127	-392	149	-948	774	-585	-528	-448	-562	-750
Net Cash From Continuing Investing Activities	-1,127	-392	149	-948	774	-585	-528	-448	-562	-750
Purchase of Property, Plant & Equipment	-553	-507	-501	-578	-586	-505	-553	-488	-677	-628
Acquisitions	-617	-400	-592	-417	0.00	0.00	-10	0.00	0.00	0.00
Purchase of Investments	0.00	-2.00	-7.00	-8.00	-18	-331	-61	-17	53	-357
Divestitures	-	27	0.00	0.00	1,332	0.00	0.00	0.00	0.00	0.00
Sale and/or Maturity of Investments	-	-	0.00	0.00	83	269	91	56	64	209
Other Investing Activities, net	43	490	1,249	55	-37	-18	5.00	1.00	-2.00	26
Net Cash From Financing Activities	-706	-786	-604	-566	-1,905	-1,388	-1,306	-1,081	-1,110	-607
Net Cash From Continuing Financing Activities	-706	-786	-604	-566	-1,905	-1,388	-1,306	-1,081	-1,110	-607
Repayment of Debt	-889	-4,630	-870	-706	-1,104	-1,303	-748	-665	-1,224	-663
Repurchase of Common Equity	-731	-426	-516	-320	-220	0.00	-240	-300	-170	0.00
Payment of Dividends	-700	-716	-736	-762	-769	-782	-788	-797	-800	-776
Issuance of Debt	1,353	4,618	1,421	1,055	124	585	407	404	1,102	619
Issuance of Common Equity	261	368	97	167	64	112	63	277	60	213
Other Financing Activities, net	-	-	-	0.00	0.00	0.00	0.00	0.00	-78	0.00
Effect of Exchange Rate Changes	-50	-64	53	18	31	-	-16	-109	2.00	17
Cash Interest Paid	228	405	258	280	284	249	213	220	291	303
Cash Income Taxes Paid	337	256	352	188	537	281	365	312	322	244

This table details how cash moves in and out of Kellanova's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	50	-74	48	-39	791	-825	-32	30	297	125
Net Cash From Operating Activities	375	471	276	368	756	245	364	376	553	467
Net Cash From Continuing Operating Activities	375	471	276	368	756	245	364	376	553	467
Net Income / (Loss) Continuing Operations	312	-100	302	362	270	30	271	347	370	368
Consolidated Net Income / (Loss)	312	-100	302	362	270	30	271	347	370	368
Depreciation Expense	113	127	116	110	112	81	86	95	92	94
Non-Cash Adjustments To Reconcile Net Income	-60	437	-8.00	-2.00	76	193	252	-16	-3.00	-39
Changes in Operating Assets and Liabilities, net	10	7.00	-134	-102	298	-59	-245	-50	94	44
Net Cash From Investing Activities	6.00	-136	-205	-139	-128	-90	-333	-121	-135	-161
Net Cash From Continuing Investing Activities	6.00	-136	-205	-139	-128	-90	-333	-121	-135	-161
Purchase of Property, Plant & Equipment	-83	-138	-203	-136	-167	-171	-155	-142	-143	-188
Purchase of Investments	-5.00	-39	12	-4.00	6.00	39	-182	-2.00	-124	-49
Sale and/or Maturity of Investments	5.00	42	5.00	5.00	5.00	49	0.00	13	132	64
Other Investing Activities, net	89	-1.00	-19	-4.00	28	-7.00	4.00	10	-	12
Net Cash From Financing Activities	-282	-416	-33	-266	179	-990	-58	-232	-127	-190
Net Cash From Continuing Financing Activities	-282	-416	-33	-266	179	-990	-58	-232	-127	-190
Repayment of Debt	-151	-652	-251	-30	-1.00	-942	110	-681	-75	-17
Payment of Dividends	-202	-201	-202	-202	-206	-190	-191	-192	-197	-196
Issuance of Common Equity	71	33	19	26	6.00	9.00	23	22	145	23
Effect of Exchange Rate Changes	-49	7.00	10	-2.00	-16	10	-5.00	7.00	6.00	9.00

This table presents Kellanova's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	15,251	15,111	16,351	17,780	17,564	17,996	18,178	18,496	15,621	15,628
Total Current Assets	3,236	2,940	3,036	3,157	3,431	3,482	3,394	4,186	3,330	3,754
Cash & Equivalents	251	280	281	321	397	435	286	299	274	694
Accounts Receivable	1,344	1,231	1,389	1,375	1,576	1,537	1,489	1,532	1,568	1,522
Inventories, net	1,250	1,238	1,217	1,330	1,226	1,284	1,398	1,339	1,243	1,165
Other Current Assets	391	191	149	131	232	226	221	378	245	373
Plant, Property, & Equipment, net	3,621	3,569	3,716	3,731	3,612	3,713	3,827	3,090	3,212	3,234
Total Noncurrent Assets	8,394	8,602	9,599	10,892	10,521	10,801	10,957	11,220	9,079	8,640
Long-Term Investments	456	438	429	413	404	391	424	432	184	99
Goodwill	4,968	5,166	5,504	6,050	5,861	5,799	5,771	5,381	5,160	5,003
Intangible Assets	2,268	2,369	2,639	3,361	2,576	2,491	2,409	2,239	1,930	1,760
Other Noncurrent Operating Assets	702	629	1,027	1,068	1,680	2,120	2,353	1,890	1,805	1,778
Total Liabilities & Shareholders' Equity	15,251	15,111	16,351	17,780	17,564	17,996	18,178	18,496	15,621	15,628
Total Liabilities	13,113	13,185	14,157	14,621	14,250	14,360	13,963	14,121	12,252	11,746
Total Current Liabilities	5,739	4,474	4,522	4,529	4,778	5,238	5,315	6,349	5,060	4,660
Short-Term Debt	2,470	1,069	779	686	727	729	849	1,247	784	745
Accounts Payable	1,907	2,014	2,269	2,427	2,387	2,471	2,573	2,568	2,314	2,236
Accrued Expenses	-	-	-	-	641	1,154	1,014	1,027	1,044	870
Other Current Liabilities	1,362	1,391	1,474	1,416	1,023	884	879	959	918	809
Total Noncurrent Liabilities	7,374	8,711	9,635	10,092	9,472	9,122	8,648	7,772	7,192	7,086
Long-Term Debt	5,275	6,698	7,836	8,207	7,195	6,746	6,262	5,317	5,089	4,998
Noncurrent Deferred & Payable Income Tax Liabilities	685	525	355	730	596	562	722	707	497	541
Noncurrent Employee Benefit Liabilities	946	1,024	839	651	705	769	706	593	613	599
Other Noncurrent Operating Liabilities	468	464	605	504	976	1,045	958	972	993	948
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,138	1,926	2,194	3,159	3,314	3,636	4,215	4,375	3,369	3,882
Total Preferred & Common Equity	2,128	1,910	2,178	2,601	2,747	3,112	3,720	3,941	3,175	3,775
Total Common Equity	2,128	1,910	2,178	2,601	2,747	3,112	3,720	3,941	3,175	3,775
Common Stock	850	911	983	1,000	1,026	1,077	1,128	1,173	1,206	1,226
Retained Earnings	6,597	6,571	7,069	7,652	7,859	8,326	9,028	9,197	8,804	9,358
Treasury Stock	-3,943	-3,997	-4,417	-4,551	-4,690	-4,559	-4,715	-4,721	-4,794	-4,533
Accumulated Other Comprehensive Income / (Loss)	-1,376	-1,575	-1,457	-1,500	-1,448	-1,732	-1,721	-1,708	-2,041	-2,276
Noncontrolling Interest	10	16	16	558	567	524	495	434	194	107

This table presents Kellanova's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	19,016	18,496	18,630	18,101	18,695	15,621	15,315	15,299	15,763	15,628
Total Current Assets	4,444	4,186	4,324	4,288	4,986	3,330	3,450	3,470	3,855	3,754
Cash & Equivalents	373	299	347	308	1,099	274	242	272	569	694
Accounts Receivable	1,985	1,532	1,820	1,930	1,876	1,568	1,666	1,654	1,699	1,522
Inventories, net	1,682	1,339	1,801	1,706	1,632	1,243	1,210	1,185	1,219	1,165
Other Current Assets	404	378	356	344	379	245	332	359	368	373
Plant, Property, & Equipment, net	3,564	3,090	3,786	3,781	3,762	3,212	3,101	3,118	3,218	3,234
Total Noncurrent Assets	11,008	11,220	10,520	10,032	9,947	9,079	8,764	8,711	8,690	8,640
Long-Term Investments	427	432	434	323	194	184	100	107	101	99
Goodwill	5,691	5,381	5,690	5,517	5,496	5,160	5,067	5,043	5,045	5,003
Intangible Assets	2,302	2,239	2,297	2,091	2,065	1,930	1,828	1,804	1,799	1,760
Other Noncurrent Operating Assets	2,588	1,890	2,099	2,101	2,192	1,805	1,769	1,757	1,745	1,778
Total Liabilities & Shareholders' Equity	19,016	18,496	18,630	18,101	18,695	15,621	15,315	15,299	15,763	15,628
Total Liabilities	14,278	14,121	14,151	13,880	14,418	12,252	12,037	11,872	12,005	11,746
Total Current Liabilities	6,033	6,349	6,001	6,476	6,524	5,060	5,525	4,774	4,975	4,660
Short-Term Debt	990	1,247	1,038	1,660	1,546	784	1,539	856	802	745
Accounts Payable	2,871	2,568	2,900	2,810	2,789	2,314	2,209	2,267	2,368	2,236
Accrued Expenses	1,130	1,027	1,027	1,093	1,191	1,044	945	899	937	870
Other Current Liabilities	1,042	959	1,036	913	998	918	832	752	868	809
Total Noncurrent Liabilities	8,245	7,772	8,150	7,404	7,894	7,192	6,512	7,098	7,030	7,086
Long-Term Debt	5,697	5,317	5,759	5,078	5,530	5,089	4,395	5,007	5,051	4,998
Noncurrent Deferred & Payable Income Tax Liabilities	923	707	728	659	702	497	513	526	437	541
Noncurrent Employee Benefit Liabilities	603	593	711	712	722	613	596	580	554	599
Other Noncurrent Operating Liabilities	1,022	972	952	955	940	993	1,008	985	988	948
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,738	4,375	4,479	4,221	4,277	3,369	3,278	3,427	3,758	3,882
Total Preferred & Common Equity	4,283	3,941	4,052	3,965	4,038	3,175	3,152	3,307	3,650	3,775
Total Common Equity	4,283	3,941	4,052	3,965	4,038	3,175	3,152	3,307	3,650	3,775
Common Stock	1,132	1,173	1,138	1,161	1,175	1,206	1,168	1,187	1,210	1,226
Retained Earnings	9,499	9,197	9,293	9,447	9,509	8,804	8,878	9,027	9,195	9,358
Treasury Stock	-4,750	-4,721	-4,666	-4,700	-4,692	-4,794	-4,723	-4,699	-4,557	-4,533
Accumulated Other Comprehensive Income / (Loss)	-1,598	-1,708	-1,713	-1,943	-1,954	-2,041	-2,171	-2,208	-2,198	-2,276
Noncontrolling Interest	455	434	427	256	239	194	126	120	108	107

This table displays calculated financial ratios and metrics derived from Kellanova's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.24%	-4.14%	-0.86%	5.39%	0.23%	1.41%	-14.69%	7.71%	3.71%	-2.84%
EBITDA Growth	-0.20%	21.06%	28.92%	-10.94%	-2.77%	13.89%	-10.04%	-25.57%	11.45%	32.35%
EBIT Growth	-3.29%	34.00%	42.76%	-15.53%	-1.67%	18.44%	-11.96%	-33.43%	21.76%	46.31%
NOPAT Growth	9.26%	28.07%	-5.95%	41.18%	-28.32%	33.07%	-25.53%	-7.40%	16.74%	35.09%
Net Income Growth	-3.00%	14.01%	79.14%	7.18%	-27.31%	29.38%	17.72%	-35.48%	0.42%	39.32%
EPS Growth	-1.71%	14.53%	81.73%	6.98%	-26.89%	29.64%	138.57%	-35.57%	-50.54%	181.16%
Operating Cash Flow Growth	-5.69%	-24.84%	-68.29%	281.14%	-23.44%	68.88%	-14.35%	-2.94%	-0.36%	6.99%
Free Cash Flow Firm Growth	-33.45%	-10.68%	-106.12%	417.56%	661.57%	-19.78%	-53.99%	257.98%	-46.51%	8.03%
Invested Capital Growth	-6.15%	-2.19%	12.52%	12.07%	-7.80%	-1.44%	3.22%	-15.01%	-2.65%	0.55%
Revenue Q/Q Growth	-2.68%	-0.72%	1.08%	0.98%	-0.69%	1.78%	-17.42%	1.48%	18.01%	-0.39%
EBITDA Q/Q Growth	34.44%	5.75%	30.96%	-23.45%	17.99%	2.34%	-11.61%	-22.46%	42.10%	18.02%
EBIT Q/Q Growth	59.74%	7.03%	46.93%	-29.62%	26.61%	2.95%	-14.28%	-29.61%	73.29%	21.15%
NOPAT Q/Q Growth	35.81%	6.67%	18.03%	2.04%	-0.82%	4.40%	-23.95%	-2.61%	33.99%	13.97%
Net Income Q/Q Growth	70.08%	-0.99%	58.73%	-27.08%	31.49%	4.64%	17.26%	-35.53%	16.71%	31.93%
EPS Q/Q Growth	65.38%	0.00%	59.11%	-27.32%	30.84%	4.91%	136.61%	-35.64%	-60.46%	145.57%
Operating Cash Flow Q/Q Growth	6.69%	-27.08%	-8.41%	34.86%	-23.39%	7.70%	10.60%	-4.90%	-12.08%	14.43%
Free Cash Flow Firm Q/Q Growth	2.12%	-18.35%	-110.74%	127.66%	-24.48%	3.13%	-14.74%	144.20%	-2.76%	-39.82%
Invested Capital Q/Q Growth	-7.02%	-3.54%	6.96%	-4.14%	1.27%	1.41%	-0.59%	-15.08%	-12.68%	-1.22%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.61%	37.29%	36.56%	34.89%	32.27%	34.33%	32.50%	30.12%	32.64%	35.65%
EBITDA Margin	11.34%	14.32%	18.62%	15.74%	15.27%	17.15%	18.08%	12.50%	13.43%	18.29%
Operating Margin	8.07%	11.44%	10.79%	12.59%	10.32%	12.79%	11.77%	9.57%	11.47%	14.69%
EBIT Margin	7.39%	10.34%	14.88%	11.93%	11.70%	13.67%	14.11%	8.72%	10.23%	15.41%
Profit (Net Income) Margin	4.54%	5.40%	9.76%	9.92%	7.20%	9.18%	12.67%	7.59%	7.35%	10.53%
Tax Burden Percent	79.43%	74.95%	75.68%	101.13%	74.87%	78.95%	102.48%	106.43%	92.69%	81.20%
Interest Burden Percent	77.30%	69.70%	86.62%	82.24%	82.13%	85.07%	87.63%	81.78%	77.44%	84.17%
Effective Tax Rate	20.57%	25.16%	24.74%	13.62%	24.60%	20.17%	24.31%	19.96%	24.81%	18.38%
Return on Invested Capital (ROIC)	9.14%	12.23%	10.94%	13.76%	9.71%	13.57%	10.02%	9.87%	12.71%	17.36%
ROIC Less NNEP Spread (ROIC-NNEP)	5.53%	6.41%	13.76%	12.15%	8.67%	11.51%	16.78%	9.70%	9.38%	13.77%
Return on Net Nonoperating Assets (RNNOA)	15.47%	22.22%	49.93%	36.45%	20.47%	22.81%	27.89%	12.48%	12.19%	19.69%
Return on Equity (ROE)	24.61%	34.45%	60.87%	50.21%	30.19%	36.37%	37.91%	22.35%	24.90%	37.04%
Cash Return on Invested Capital (CROIC)	15.49%	14.44%	-0.84%	2.38%	17.83%	15.02%	6.85%	26.09%	15.39%	16.81%
Operating Return on Assets (OROA)	6.58%	8.83%	12.16%	9.47%	8.99%	10.58%	9.16%	6.02%	7.87%	12.58%
Return on Assets (ROA)	4.04%	4.61%	7.97%	7.88%	5.53%	7.11%	8.23%	5.24%	5.65%	8.60%
Return on Common Equity (ROCE)	24.26%	34.23%	60.40%	44.83%	24.94%	30.66%	32.99%	19.93%	22.88%	35.51%
Return on Equity Simple (ROE_SIMPLE)	28.85%	36.65%	57.58%	51.67%	35.57%	40.62%	40.00%	24.36%	30.36%	35.58%
Net Operating Profit after Tax (NOPAT)	867	1,110	1,044	1,474	1,056	1,406	1,047	969	1,132	1,529
NOPAT Margin	6.41%	8.56%	8.12%	10.88%	7.78%	10.21%	8.91%	7.66%	8.62%	11.99%
Net Nonoperating Expense Percent (NNEP)	3.62%	5.82%	-2.81%	1.61%	1.04%	2.06%	-6.76%	0.17%	3.33%	3.58%
Return On Investment Capital (ROIC_SIMPLE)	8.77%	11.45%	9.66%	12.23%	9.40%	12.65%	9.24%	8.86%	12.24%	15.88%
Cost of Revenue to Revenue	65.39%	62.72%	63.44%	65.11%	67.73%	65.67%	67.50%	69.88%	67.36%	64.35%
SG&A Expenses to Revenue	26.54%	25.85%	25.77%	22.29%	21.95%	21.54%	20.73%	20.55%	21.17%	20.96%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.54%	25.85%	25.77%	22.29%	21.95%	21.54%	20.73%	20.55%	21.17%	20.96%
Earnings before Interest and Taxes (EBIT)	1,000	1,340	1,913	1,616	1,589	1,882	1,657	1,103	1,343	1,965
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,534	1,857	2,394	2,132	2,073	2,361	2,124	1,581	1,762	2,332
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.29	9.58	7.86	5.76	6.73	5.58	4.97	5.37	5.79	7.36
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.30	1.41	1.33	1.11	1.36	1.26	1.58	1.67	1.40	2.18
Price to Earnings (P/E)	28.72	26.17	13.65	11.21	19.24	13.87	12.49	22.10	19.34	20.89
Dividend Yield	3.98%	3.91%	4.28%	5.10%	4.17%	4.52%	4.26%	3.77%	4.36%	2.80%
Earnings Yield	3.48%	3.82%	7.32%	8.92%	5.20%	7.21%	8.00%	4.53%	5.17%	4.79%
Enterprise Value to Invested Capital (EV/IC)	2.69	2.83	2.48	2.09	2.51	2.38	2.39	3.04	2.73	3.72
Enterprise Value to Revenue (EV/Rev)	1.82	1.96	1.95	1.75	1.93	1.78	2.16	2.17	1.83	2.58
Enterprise Value to EBITDA (EV/EBITDA)	16.09	13.65	10.46	11.11	12.62	10.39	11.96	17.35	13.62	14.08
Enterprise Value to EBIT (EV/EBIT)	24.68	18.92	13.09	14.66	16.46	13.03	15.33	24.87	17.87	16.71
Enterprise Value to NOPAT (EV/NOPAT)	28.48	22.85	23.99	16.07	24.77	17.45	24.26	28.30	21.21	21.48
Enterprise Value to Operating Cash Flow (EV/OCF)	14.60	19.95	62.14	15.42	22.25	12.35	14.93	16.62	14.59	18.66
Enterprise Value to Free Cash Flow (EV/FCFF)	16.82	19.34	0.00	93.02	13.49	15.77	35.48	10.71	17.51	22.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.62	4.03	3.93	2.82	2.39	2.06	1.69	1.50	1.74	1.48
Long-Term Debt to Equity	2.47	3.48	3.57	2.60	2.17	1.86	1.49	1.22	1.51	1.29
Financial Leverage	2.80	3.47	3.63	3.00	2.36	1.98	1.66	1.29	1.30	1.43
Leverage Ratio	6.09	7.47	7.64	6.38	5.46	5.12	4.61	4.27	4.41	4.31
Compound Leverage Factor	4.71	5.21	6.61	5.24	4.48	4.35	4.04	3.49	3.41	3.63
Debt to Total Capital	78.37%	80.13%	79.70%	73.79%	70.51%	67.28%	62.78%	60.01%	63.55%	59.67%
Short-Term Debt to Total Capital	24.99%	11.03%	7.21%	5.69%	6.47%	6.56%	7.50%	11.40%	8.48%	7.74%
Long-Term Debt to Total Capital	53.37%	69.10%	72.50%	68.10%	64.04%	60.71%	55.29%	48.61%	55.06%	51.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.10%	0.17%	0.15%	4.63%	5.05%	4.72%	4.37%	3.97%	2.10%	1.11%
Common Equity to Total Capital	21.53%	19.70%	20.15%	21.58%	24.45%	28.01%	32.84%	36.03%	34.35%	39.22%
Debt to EBITDA	5.05	4.18	3.60	4.17	3.82	3.17	3.35	4.15	3.33	2.46
Net Debt to EBITDA	4.59	3.80	3.30	3.83	3.44	2.82	3.01	3.69	3.07	2.12
Long-Term Debt to EBITDA	3.44	3.61	3.27	3.85	3.47	2.86	2.95	3.36	2.89	2.14
Debt to NOPAT	8.94	7.00	8.25	6.03	7.50	5.32	6.79	6.77	5.19	3.76
Net Debt to NOPAT	8.12	6.35	7.57	5.54	6.74	4.73	6.12	6.02	4.79	3.24
Long-Term Debt to NOPAT	6.09	6.04	7.51	5.57	6.81	4.80	5.98	5.49	4.50	3.27
Altman Z-Score	2.32	2.47	2.39	2.19	2.38	2.37	2.31	2.34	2.68	3.42
Noncontrolling Interest Sharing Ratio	1.44%	0.64%	0.78%	10.72%	17.38%	15.70%	12.98%	10.81%	8.11%	4.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.56	0.66	0.67	0.70	0.72	0.66	0.64	0.66	0.66	0.81
Quick Ratio	0.28	0.34	0.37	0.37	0.41	0.38	0.33	0.29	0.36	0.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,468	1,311	-80	255	1,939	1,556	716	2,562	1,371	1,481
Operating Cash Flow to CapEx	305.79%	250.69%	80.44%	265.74%	200.68%	393.27%	307.59%	338.32%	242.98%	280.25%
Free Cash Flow to Firm to Interest Expense	6.47	3.23	-0.31	0.89	6.83	5.54	3.49	12.75	4.52	4.76
Operating Cash Flow to Interest Expense	7.45	3.13	1.57	5.35	4.14	7.07	8.30	8.21	5.43	5.66
Operating Cash Flow Less CapEx to Interest Expense	5.01	1.88	-0.38	3.34	2.08	5.27	5.60	5.79	3.19	3.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.89	0.85	0.82	0.79	0.77	0.77	0.65	0.69	0.77	0.82
Accounts Receivable Turnover	10.32	10.07	9.81	9.80	9.20	8.85	7.76	8.38	8.47	8.25
Inventory Turnover	6.99	6.54	6.64	6.93	7.20	7.21	5.91	6.46	6.85	6.81
Fixed Asset Turnover	3.66	3.61	3.53	3.64	3.70	3.76	3.12	3.66	4.16	3.96
Accounts Payable Turnover	5.15	4.15	3.81	3.76	3.82	3.72	3.14	3.44	3.62	3.61
Days Sales Outstanding (DSO)	35.35	36.25	37.20	37.24	39.66	41.26	47.01	43.57	43.11	44.23
Days Inventory Outstanding (DIO)	52.19	55.84	54.94	52.70	50.72	50.66	61.73	56.49	53.31	53.57
Days Payable Outstanding (DPO)	70.88	88.01	95.85	97.16	95.53	98.04	116.10	106.11	100.80	101.22
Cash Conversion Cycle (CCC)	16.66	4.08	-3.71	-7.23	-5.14	-6.13	-7.35	-6.05	-4.37	-3.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,176	8,975	10,099	11,318	10,435	10,285	10,616	9,023	8,784	8,832
Invested Capital Turnover	1.43	1.43	1.35	1.27	1.25	1.33	1.12	1.29	1.47	1.45
Increase / (Decrease) in Invested Capital	-601	-201	1,124	1,219	-883	-150	331	-1,593	-239	48
Enterprise Value (EV)	24,682	25,356	25,042	23,687	26,162	24,526	25,399	27,436	24,001	32,844
Market Capitalization	17,634	18,291	17,121	14,970	18,474	17,353	18,503	21,169	18,392	27,787
Book Value per Share	$6.00	$5.44	$6.30	$7.50	$8.05	$9.05	$10.91	$11.55	$9.27	$10.95
Tangible Book Value per Share	($14.41)	($16.03)	($17.27)	($19.62)	($16.68)	($15.06)	($13.07)	($10.78)	($11.43)	($8.67)
Total Capital	9,883	9,693	10,809	12,052	11,236	11,111	11,326	10,939	9,242	9,625
Total Debt	7,745	7,767	8,615	8,893	7,922	7,475	7,111	6,564	5,873	5,743
Total Long-Term Debt	5,275	6,698	7,836	8,207	7,195	6,746	6,262	5,317	5,089	4,998
Net Debt	7,038	7,049	7,905	8,159	7,121	6,649	6,401	5,833	5,415	4,950
Capital Expenditures (CapEx)	553	507	501	578	586	505	553	488	677	628
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-284	-745	-988	-1,007	-1,017	-1,462	-1,358	-1,215	-1,220	-855
Debt-free Net Working Capital (DFNWC)	-33	-465	-707	-686	-620	-1,027	-1,072	-916	-946	-161
Net Working Capital (NWC)	-2,503	-1,534	-1,486	-1,372	-1,347	-1,756	-1,921	-2,163	-1,730	-906
Net Nonoperating Expense (NNE)	253	410	-210	130	79	142	-441	9.34	168	186
Net Nonoperating Obligations (NNO)	7,038	7,049	7,905	8,159	7,121	6,649	6,401	4,648	5,415	4,950
Total Depreciation and Amortization (D&A)	534	517	481	516	484	479	467	478	419	367
Debt-free, Cash-free Net Working Capital to Revenue	-2.10%	-5.75%	-7.69%	-7.43%	-7.49%	-10.62%	-11.56%	-9.60%	-9.30%	-6.71%
Debt-free Net Working Capital to Revenue	-0.24%	-3.59%	-5.50%	-5.06%	-4.57%	-7.46%	-9.13%	-7.24%	-7.21%	-1.26%
Net Working Capital to Revenue	-18.51%	-11.83%	-11.56%	-10.13%	-9.92%	-12.75%	-16.35%	-17.09%	-13.18%	-7.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.74	$1.98	$3.65	$3.85	$2.81	$3.65	$4.36	$2.81	$2.78	$7.84
Adjusted Weighted Average Basic Shares Outstanding	350.26M	351.14M	345.75M	343.89M	342.05M	343.95M	341.67M	341.83M	340.68M	345.22M
Adjusted Diluted Earnings per Share	$1.72	$1.96	$3.62	$3.83	$2.80	$3.63	$4.33	$2.79	$2.76	$7.76
Adjusted Weighted Average Diluted Shares Outstanding	350.26M	351.14M	345.75M	343.89M	342.05M	343.95M	341.67M	341.83M	340.68M	345.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.81	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	350.26M	351.14M	345.75M	343.89M	342.05M	343.95M	341.67M	341.83M	340.68M	345.22M
Normalized Net Operating Profit after Tax (NOPAT)	867	1,110	1,044	1,474	1,056	1,406	1,047	969	1,132	1,529
Normalized NOPAT Margin	6.41%	8.56%	8.12%	10.88%	7.78%	10.21%	8.91%	7.66%	8.62%	11.99%
Pre Tax Income Margin	5.72%	7.20%	12.89%	9.81%	9.61%	11.63%	12.36%	7.13%	7.93%	12.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.41	3.30	7.47	5.63	5.60	6.70	8.08	5.49	4.43	6.32
NOPAT to Interest Expense	3.82	2.73	4.08	5.13	3.72	5.00	5.11	4.82	3.73	4.92
EBIT Less CapEx to Interest Expense	1.97	2.05	5.52	3.62	3.53	4.90	5.39	3.06	2.20	4.30
NOPAT Less CapEx to Interest Expense	1.38	1.48	2.12	3.12	1.66	3.21	2.41	2.39	1.50	2.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	114.01%	102.29%	58.69%	56.70%	78.71%	61.87%	52.96%	83.02%	82.99%	57.78%
Augmented Payout Ratio	233.06%	163.14%	99.84%	80.51%	101.23%	61.87%	69.09%	114.27%	100.62%	57.78%

This table displays calculated financial ratios and metrics derived from Kellanova's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.95%	18.76%	-8.99%	-13.28%	-17.51%	171.05%	-4.25%	-4.74%	-0.68%	-1.58%
EBITDA Growth	-4.63%	-229.00%	-32.54%	-6.57%	-13.27%	202.33%	8.98%	11.89%	22.63%	134.85%
EBIT Growth	-5.59%	-587.34%	-38.58%	-6.32%	-16.59%	147.53%	20.11%	18.20%	35.51%	187.43%
NOPAT Growth	-13.21%	-88.54%	-32.98%	3.54%	0.18%	400.85%	10.13%	16.44%	40.35%	126.77%
Net Income Growth	2.30%	-123.89%	-28.77%	9.51%	-13.78%	135.29%	-10.26%	-3.64%	36.43%	902.78%
EPS Growth	1.12%	-55.28%	-30.08%	116.84%	73.33%	-168.80%	-9.30%	-2.91%	34.62%	267.44%
Operating Cash Flow Growth	-18.12%	-15.29%	-15.60%	-23.01%	101.60%	-47.98%	31.88%	2.17%	-26.85%	90.61%
Free Cash Flow Firm Growth	280.03%	520.47%	458.64%	341.93%	145.78%	-72.14%	205.84%	118.78%	78.15%	-11.58%
Invested Capital Growth	-0.51%	-15.01%	-3.28%	-4.56%	-5.32%	-2.65%	-15.48%	-13.72%	-11.12%	0.55%
Revenue Q/Q Growth	2.12%	-70.32%	185.40%	0.27%	-2.86%	-2.49%	0.82%	-0.25%	1.28%	-3.37%
EBITDA Q/Q Growth	-9.93%	-148.22%	285.66%	15.87%	-16.40%	-43.10%	97.73%	18.97%	-8.37%	8.96%
EBIT Q/Q Growth	-11.16%	-191.23%	194.29%	22.59%	-20.90%	-48.01%	138.25%	20.64%	-9.32%	10.27%
NOPAT Q/Q Growth	-7.04%	-120.98%	539.75%	20.70%	-10.06%	-36.98%	60.97%	27.62%	8.41%	1.82%
Net Income Q/Q Growth	-4.29%	-132.69%	396.08%	18.21%	-24.65%	-86.62%	652.78%	26.94%	6.69%	-1.63%
EPS Q/Q Growth	-5.26%	177.78%	-65.60%	139.53%	-24.27%	-210.26%	145.35%	156.41%	5.00%	37.14%
Operating Cash Flow Q/Q Growth	-21.55%	25.60%	-41.40%	33.33%	105.43%	-67.59%	48.57%	3.30%	47.07%	-15.55%
Free Cash Flow Firm Q/Q Growth	88.27%	336.22%	-58.84%	30.75%	4.70%	-50.55%	351.82%	-6.47%	-14.74%	-75.46%
Invested Capital Q/Q Growth	-1.81%	-15.08%	16.31%	-1.59%	-2.59%	-12.68%	0.98%	0.46%	0.34%	-1.22%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.22%	30.40%	29.44%	32.65%	34.10%	34.50%	32.22%	36.37%	36.37%	37.68%
EBITDA Margin	13.56%	-22.03%	14.33%	16.56%	14.26%	8.32%	16.31%	19.45%	17.60%	19.85%
Operating Margin	9.33%	-7.60%	10.35%	12.44%	12.72%	10.33%	12.28%	15.44%	14.10%	17.00%
EBIT Margin	10.69%	-32.88%	10.86%	13.28%	10.81%	5.77%	13.63%	16.48%	14.75%	16.84%
Profit (Net Income) Margin	7.91%	-8.71%	9.04%	10.65%	8.26%	1.13%	8.47%	10.78%	11.35%	11.56%
Tax Burden Percent	81.46%	23.34%	103.07%	95.97%	97.11%	36.73%	76.77%	77.65%	91.29%	79.17%
Interest Burden Percent	90.76%	113.51%	80.72%	83.60%	78.69%	53.55%	80.96%	84.22%	84.28%	86.69%
Effective Tax Rate	19.32%	0.00%	20.82%	20.70%	28.16%	42.86%	23.23%	21.90%	8.46%	19.96%
Return on Invested Capital (ROIC)	8.81%	-6.86%	9.47%	11.02%	9.82%	8.70%	12.64%	16.08%	17.39%	19.69%
ROIC Less NNEP Spread (ROIC-NNEP)	9.05%	-7.57%	9.91%	11.45%	9.34%	5.69%	12.11%	15.37%	16.47%	18.46%
Return on Net Nonoperating Assets (RNNOA)	12.99%	-9.74%	14.20%	16.13%	12.09%	7.40%	18.12%	23.29%	22.48%	26.38%
Return on Equity (ROE)	21.79%	-16.60%	23.67%	27.15%	21.91%	16.10%	30.76%	39.37%	39.88%	46.08%
Cash Return on Invested Capital (CROIC)	9.85%	26.09%	11.18%	12.76%	13.63%	15.39%	28.75%	27.33%	25.90%	16.81%
Operating Return on Assets (OROA)	7.13%	-22.69%	7.19%	8.47%	6.38%	4.44%	10.42%	12.65%	10.96%	13.74%
Return on Assets (ROA)	5.27%	-6.01%	5.98%	6.79%	4.87%	0.87%	6.48%	8.27%	8.43%	9.43%
Return on Common Equity (ROCE)	19.35%	-14.80%	21.17%	24.89%	20.22%	14.80%	28.57%	37.44%	38.16%	44.16%
Return on Equity Simple (ROE_SIMPLE)	34.77%	0.00%	20.68%	21.92%	20.46%	0.00%	29.60%	27.82%	27.89%	0.00%
Net Operating Profit after Tax (NOPAT)	297	-62	274	331	297	187	302	385	417	425
NOPAT Margin	7.52%	-5.32%	8.20%	9.87%	9.14%	5.91%	9.43%	12.06%	12.91%	13.61%
Net Nonoperating Expense Percent (NNEP)	-0.24%	0.72%	-0.45%	-0.43%	0.49%	3.01%	0.53%	0.71%	0.92%	1.24%
Return On Investment Capital (ROIC_SIMPLE)	2.60%	-0.57%	2.43%	3.02%	2.62%	2.03%	3.28%	4.14%	4.34%	4.42%
Cost of Revenue to Revenue	70.78%	69.60%	70.56%	67.35%	65.90%	65.50%	67.78%	63.63%	63.63%	62.32%
SG&A Expenses to Revenue	19.89%	38.00%	19.09%	20.20%	21.38%	24.17%	19.94%	20.93%	22.27%	20.68%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.89%	38.00%	19.09%	20.20%	21.38%	24.17%	19.94%	20.93%	22.27%	20.68%
Earnings before Interest and Taxes (EBIT)	422	-385	363	445	352	183	436	526	477	526
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	535	-258	479	555	464	264	522	621	569	620
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.78	5.37	4.96	5.16	4.52	5.79	6.04	5.84	7.47	7.36
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.64	1.67	1.63	1.73	1.64	1.40	1.47	1.51	2.13	2.18
Price to Earnings (P/E)	13.79	22.10	24.11	23.81	22.29	19.34	20.69	21.24	27.13	20.89
Dividend Yield	3.87%	3.77%	4.00%	3.95%	4.45%	4.36%	4.16%	4.04%	2.82%	2.80%
Earnings Yield	7.25%	4.53%	4.15%	4.20%	4.49%	5.17%	4.83%	4.71%	3.69%	4.79%
Enterprise Value to Invested Capital (EV/IC)	2.52	3.04	2.53	2.60	2.41	2.73	2.79	2.80	3.64	3.72
Enterprise Value to Revenue (EV/Rev)	2.15	2.17	2.15	2.27	2.18	1.83	1.91	1.94	2.54	2.58
Enterprise Value to EBITDA (EV/EBITDA)	13.14	17.35	19.66	20.47	19.56	13.62	13.71	13.32	16.48	14.08
Enterprise Value to EBIT (EV/EBIT)	17.10	24.87	30.34	31.76	31.30	17.87	17.48	16.64	20.07	16.71
Enterprise Value to NOPAT (EV/NOPAT)	26.93	28.30	31.73	31.35	28.72	21.21	21.37	20.55	24.27	21.48
Enterprise Value to Operating Cash Flow (EV/OCF)	15.44	16.62	16.59	18.01	12.96	14.59	14.28	14.31	21.17	18.66
Enterprise Value to Free Cash Flow (EV/FCFF)	25.54	10.71	22.26	19.89	17.21	17.51	8.89	9.48	13.23	22.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.41	1.50	1.52	1.60	1.65	1.74	1.81	1.71	1.56	1.48
Long-Term Debt to Equity	1.20	1.22	1.29	1.20	1.29	1.51	1.34	1.46	1.34	1.29
Financial Leverage	1.44	1.29	1.43	1.41	1.29	1.30	1.50	1.52	1.36	1.43
Leverage Ratio	4.28	4.27	4.24	4.22	4.18	4.41	4.38	4.37	4.29	4.31
Compound Leverage Factor	3.88	4.85	3.43	3.53	3.29	2.36	3.54	3.68	3.61	3.74
Debt to Total Capital	58.53%	60.01%	60.28%	61.48%	62.33%	63.55%	64.42%	63.11%	60.90%	59.67%
Short-Term Debt to Total Capital	8.67%	11.40%	9.21%	15.15%	13.62%	8.48%	16.71%	9.21%	8.34%	7.74%
Long-Term Debt to Total Capital	49.86%	48.61%	51.07%	46.34%	48.71%	55.06%	47.71%	53.90%	52.55%	51.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.98%	3.97%	3.79%	2.34%	2.11%	2.10%	1.37%	1.29%	1.12%	1.11%
Common Equity to Total Capital	37.49%	36.03%	35.93%	36.18%	35.57%	34.35%	34.22%	35.60%	37.98%	39.22%
Debt to EBITDA	3.28	4.15	5.03	5.14	5.71	3.33	3.29	3.13	2.96	2.46
Net Debt to EBITDA	2.89	3.69	4.46	4.66	4.66	3.07	3.10	2.93	2.62	2.12
Long-Term Debt to EBITDA	2.79	3.36	4.27	3.87	4.46	2.89	2.43	2.68	2.56	2.14
Debt to NOPAT	6.72	6.77	8.12	7.87	8.38	5.19	5.12	4.84	4.36	3.76
Net Debt to NOPAT	5.92	6.02	7.19	7.13	6.85	4.79	4.83	4.52	3.86	3.24
Long-Term Debt to NOPAT	5.72	5.49	6.88	5.93	6.55	4.50	3.79	4.13	3.77	3.27
Altman Z-Score	2.19	2.07	2.17	2.20	2.03	2.44	2.54	2.65	3.01	3.12
Noncontrolling Interest Sharing Ratio	11.20%	10.81%	10.57%	8.34%	7.70%	8.11%	7.13%	4.92%	4.32%	4.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.74	0.66	0.72	0.66	0.76	0.66	0.62	0.73	0.77	0.81
Quick Ratio	0.39	0.29	0.36	0.35	0.46	0.36	0.35	0.40	0.46	0.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	351	1,531	630	824	862	426	1,927	1,802	1,536	377
Operating Cash Flow to CapEx	451.81%	341.30%	135.96%	270.59%	452.69%	143.27%	234.84%	264.79%	386.71%	248.40%
Free Cash Flow to Firm to Interest Expense	9.00	29.44	9.00	11.28	11.50	5.02	23.21	21.71	20.49	5.39
Operating Cash Flow to Interest Expense	9.62	9.06	3.94	5.04	10.08	2.88	4.39	4.53	7.37	6.67
Operating Cash Flow Less CapEx to Interest Expense	7.49	6.40	1.04	3.18	7.85	0.87	2.52	2.82	5.47	3.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.69	0.66	0.64	0.59	0.77	0.76	0.77	0.74	0.82
Accounts Receivable Turnover	6.80	8.38	7.03	6.19	5.76	8.47	7.45	7.15	7.16	8.25
Inventory Turnover	5.72	6.46	5.17	4.86	4.57	6.85	5.75	5.83	5.85	6.81
Fixed Asset Turnover	3.41	3.66	3.26	3.18	3.04	4.16	3.77	3.72	3.67	3.96
Accounts Payable Turnover	3.24	3.44	3.10	2.90	2.68	3.62	3.39	3.32	3.23	3.61
Days Sales Outstanding (DSO)	53.65	43.57	51.94	58.94	63.37	43.11	49.01	51.02	50.98	44.23
Days Inventory Outstanding (DIO)	63.82	56.49	70.59	75.10	79.84	53.31	63.53	62.63	62.42	53.57
Days Payable Outstanding (DPO)	112.57	106.11	117.75	125.97	136.36	100.80	107.79	109.99	112.90	101.22
Cash Conversion Cycle (CCC)	4.90	-6.05	4.77	8.07	6.85	-4.37	4.75	3.66	0.49	-3.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,625	9,023	10,495	10,328	10,060	8,784	8,870	8,911	8,941	8,832
Invested Capital Turnover	1.17	1.29	1.15	1.12	1.08	1.47	1.34	1.33	1.35	1.45
Increase / (Decrease) in Invested Capital	-54	-1,593	-356	-493	-565	-239	-1,625	-1,417	-1,119	48
Enterprise Value (EV)	26,802	27,436	26,548	26,837	24,254	24,001	24,754	24,913	32,558	32,844
Market Capitalization	20,460	21,169	20,105	20,474	18,232	18,392	19,036	19,309	27,267	27,787
Book Value per Share	$12.59	$11.55	$11.85	$11.57	$11.80	$9.27	$9.24	$9.67	$10.66	$10.95
Tangible Book Value per Share	($10.91)	($10.78)	($11.51)	($10.63)	($10.29)	($11.43)	($10.98)	($10.35)	($9.33)	($8.67)
Total Capital	11,425	10,939	11,276	10,959	11,353	9,242	9,212	9,290	9,611	9,625
Total Debt	6,687	6,564	6,797	6,738	7,076	5,873	5,934	5,863	5,853	5,743
Total Long-Term Debt	5,697	5,317	5,759	5,078	5,530	5,089	4,395	5,007	5,051	4,998
Net Debt	5,887	5,833	6,016	6,107	5,783	5,415	5,592	5,484	5,183	4,950
Capital Expenditures (CapEx)	83	138	203	136	167	171	155	142	143	188
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-972	-1,215	-986	-836	-1,091	-1,220	-778	-720	-887	-855
Debt-free Net Working Capital (DFNWC)	-599	-916	-639	-528	8.00	-946	-536	-448	-318	-161
Net Working Capital (NWC)	-1,589	-2,163	-1,677	-2,188	-1,538	-1,730	-2,075	-1,304	-1,120	-906
Net Nonoperating Expense (NNE)	-15	40	-28	-26	28	151	31	41	50	64
Net Nonoperating Obligations (NNO)	5,887	4,648	6,016	6,107	5,783	5,415	5,592	5,484	5,183	4,950
Total Depreciation and Amortization (D&A)	113	127	116	110	112	81	86	95	92	94
Debt-free, Cash-free Net Working Capital to Revenue	-7.80%	-9.60%	-8.00%	-7.08%	-9.81%	-9.30%	-5.99%	-5.62%	-6.93%	-6.71%
Debt-free Net Working Capital to Revenue	-4.80%	-7.24%	-5.19%	-4.47%	0.07%	-7.21%	-4.13%	-3.49%	-2.48%	-1.26%
Net Working Capital to Revenue	-12.74%	-17.09%	-13.61%	-18.53%	-13.83%	-13.18%	-15.99%	-10.17%	-8.75%	-7.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.91	$2.51	$0.87	$1.04	$0.79	($1.75)	$0.78	$2.02	$2.14	$2.90
Adjusted Weighted Average Basic Shares Outstanding	341M	341.83M	342M	343M	342M	340.68M	341M	342M	343M	345.22M
Adjusted Diluted Earnings per Share	$0.90	$2.50	$0.86	$1.03	$0.78	($1.72)	$0.78	$2.00	$2.10	$2.88
Adjusted Weighted Average Diluted Shares Outstanding	344M	341.83M	345M	345M	345M	340.68M	344M	345M	347M	345.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	341.28M	341.83M	342.76M	342.35M	342.52M	340.68M	341.88M	342.29M	344.70M	345.22M
Normalized Net Operating Profit after Tax (NOPAT)	297	-62	274	331	297	187	302	385	417	425
Normalized NOPAT Margin	7.52%	-5.32%	8.20%	9.87%	9.14%	5.91%	9.43%	12.06%	12.91%	13.61%
Pre Tax Income Margin	9.71%	-37.32%	8.77%	11.10%	8.51%	3.09%	11.03%	13.88%	12.43%	14.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.82	-7.40	5.19	6.10	4.69	2.15	5.25	6.34	6.36	7.51
NOPAT to Interest Expense	7.61	-1.20	3.91	4.53	3.97	2.21	3.64	4.64	5.57	6.07
EBIT Less CapEx to Interest Expense	8.69	-10.06	2.29	4.23	2.47	0.14	3.39	4.63	4.45	4.83
NOPAT Less CapEx to Interest Expense	5.48	-3.85	1.01	2.67	1.74	0.19	1.77	2.93	3.66	3.39
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	53.32%	83.02%	95.70%	92.87%	98.18%	82.99%	84.57%	84.67%	75.64%	57.78%
Augmented Payout Ratio	73.47%	114.27%	95.70%	99.77%	105.45%	100.62%	102.79%	96.63%	86.44%	57.78%

Frequently Asked Questions About Kellanova's Financials

When does Kellanova's fiscal year end?

According to the most recent income statement we have on file, Kellanova's financial year ends in December. Their financial year 2024 ended on December 28, 2024.

How has Kellanova's net income changed over the last 9 years?

Kellanova's net income appears to be on an upward trend, with a most recent value of $1.34 billion in 2024, rising from $614 million in 2015. The previous period was $964 million in 2023.

What is Kellanova's operating income?

Kellanova's total operating income in 2024 was $1.87 billion, based on the following breakdown:

Total Gross Profit: $4.55 billion
Total Operating Expenses: $2.67 billion

How has Kellanova revenue changed over the last 9 years?

Over the last 9 years, Kellanova's total revenue changed from $13.53 billion in 2015 to $12.75 billion in 2024, a change of -5.7%.

How much debt does Kellanova have?

Kellanova's total liabilities were at $11.75 billion at the end of 2024, a 4.1% decrease from 2023, and a 10.4% decrease since 2015.

How much cash does Kellanova have?

In the past 9 years, Kellanova's cash and equivalents has ranged from $251 million in 2015 to $694 million in 2024, and is currently $694 million as of their latest financial filing in 2024.

How has Kellanova's book value per share changed over the last 9 years?

Over the last 9 years, Kellanova's book value per share changed from 6.00 in 2015 to 10.95 in 2024, a change of 82.4%.

Remove Ads

Related Companies

This page (NYSE:K) was last updated on 4/14/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Kellanova (K) Financials

Frequently Asked Questions About Kellanova's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Kellanova (K) Financials

Annual Income Statements for Kellanova

Quarterly Income Statements for Kellanova

Annual Cash Flow Statements for Kellanova

Quarterly Cash Flow Statements for Kellanova

Annual Balance Sheets for Kellanova

Quarterly Balance Sheets for Kellanova

Annual Metrics and Ratios for Kellanova

Quarterly Metrics and Ratios for Kellanova

Frequently Asked Questions About Kellanova's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools