Is the business good?
How good a business is MDLZ?
Mondelez International earns 6.4% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
6.4%
Return on invested capital · cost of capital 9.0% · 2.6 points below what the capital costs: growth destroys value
- Operating margin
- 9.3%
Operating margin · Consumer Defensive median 9.0% · 12 months to Q1 2026
- Cash conversion
- 0.99×
Cash conversion · 0.92× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −1.5%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 14% |
| FY2021 | 16% |
| FY2022 | 11% |
| FY2023 | 15% |
| FY2024 | 17% |
| FY2025 | 9.2% |
Details›
- Gross margin12 months to Q1 2026
- 29%
- Operating margin12 months to Q1 2026
- 9.3%
- Net margin12 months to Q1 2026
- 6.6%
- Free cash flow margin
- 6.6%
- Revenue, trailing twelve months
- $39.3B
- Free cash flow, trailing twelve months
- $2.58B
- Net income, trailing twelve months
- $2.61B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 6.4%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Consumer Defensive
Ranks #83 of 106 by Smart Score