Kellanova

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/28/2024

Revenue

12,749

Cost of Revenue

8,204

Gross Profit

4,545

Gross Margin

35.6%

Operating Income

1,873

Operating Margin

14.7%

Net Income

1,343

Net Margin

10.5%

EPS (Basic)

$3.92

EPS (Diluted)

$3.88

EBITDA

2,332

EBITDA Margin

18.3%

2023

12/31/2023

Revenue

13,122

Cost of Revenue

8,839

Gross Profit

4,283

Gross Margin

32.6%

Operating Income

1,505

Operating Margin

11.5%

Net Income

951

Net Margin

7.2%

EPS (Basic)

$2.78

EPS (Diluted)

$2.76

EBITDA

1,762

EBITDA Margin

13.4%

2022

12/31/2022

Revenue

12,653

Cost of Revenue

8,842

Gross Profit

3,811

Gross Margin

30.1%

Operating Income

1,211

Operating Margin

9.6%

Net Income

960

Net Margin

7.6%

EPS (Basic)

$2.81

EPS (Diluted)

$2.79

EBITDA

1,581

EBITDA Margin

12.5%

2021

12/31/2021

Revenue

11,747

Cost of Revenue

7,929

Gross Profit

3,818

Gross Margin

32.5%

Operating Income

1,383

Operating Margin

11.8%

Net Income

1,488

Net Margin

12.7%

EPS (Basic)

$4.36

EPS (Diluted)

$4.33

EBITDA

2,124

EBITDA Margin

18.1%

2020

12/31/2020

Revenue

13,770

Cost of Revenue

9,043

Gross Profit

4,727

Gross Margin

34.3%

Operating Income

1,761

Operating Margin

12.8%

Net Income

1,251

Net Margin

9.1%

EPS (Basic)

$3.65

EPS (Diluted)

$3.63

EBITDA

2,361

EBITDA Margin

17.1%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	12,749	13,122	12,653	11,747	13,770
Cost of Revenue	8,204	8,839	8,842	7,929	9,043
Gross Profit	4,545	4,283	3,811	3,818	4,727
Gross Margin	35.6%	32.6%	30.1%	32.5%	34.3%
Operating Income	1,873	1,505	1,211	1,383	1,761
Operating Margin	14.7%	11.5%	9.6%	11.8%	12.8%
Net Income	1,343	951	960	1,488	1,251
Net Margin	10.5%	7.2%	7.6%	12.7%	9.1%
EPS (Basic)	$3.92	$2.78	$2.81	$4.36	$3.65
EPS (Diluted)	$3.88	$2.76	$2.79	$4.33	$3.63
EBITDA	2,332	1,762	1,581	2,124	2,361
EBITDA Margin	18.3%	13.4%	12.5%	18.1%	17.1%