Mondelez International, Inc.MDLZ
NasdaqGS•Consumer Defensive•Confectioners
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.
Mondelez International, Inc. (MDLZ) reported trailing twelve months revenue of $39.30B as of March 2026, a 7.8% increase year-over-year. Quarterly revenue reached $10.08B, reflecting continued top-line momentum.
Mondelez International, Inc. generated $2.61B in TTM net income, with quarterly EBITDA of $1.15B. The operating margin expanded from 7.3% to 8.0%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (8.0%) and net margin (5.6%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 4.3% a year ago, signaling stronger bottom-line efficiency.
MDLZ trades at a P/E of 28.6x (in line with broad market averages) and a P/S of 1.9x. The price-to-book ratio of 2.9x reflects a moderate premium to book value.
The company generated $155.00M in free cash flow over the trailing twelve months, a 81.0% decrease year-over-year, indicating cash generation ability. The balance sheet shows $71.12B in total assets with $15.47B in long-term debt against $25.75B in stockholders equity for a debt-to-equity ratio of 0.6. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~10.6% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~13.3% on average, adequate but below the threshold typically associated with wide moats.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~9.3% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 19.4% — watch for continued compression, which may signal competitive or cost pressure.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.6 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 4.5% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation