Kellanova
CorpDigest
Kellanova
Financial Performance
Last reviewed: June 2025 · By Swet Parvadiya
Revenue
$11.77B
Market Cap
$24.5B
Net Income
$1.1B
Employees
31,000
Kellanova is a Packaged Foods, Snacks, and Breakfast Cereals company with $11.77B in 2024 revenue and 31K employees worldwide.
Revenue Trend Analysis
YoY Change
-0.4%
2-Year CAGR
-12.3%
Peak Year
2022
Trend
Declining Trend
Kellanova has reported revenue across 3 fiscal years, compounding at -12.3% annually over 2 years. The most recent year saw a 0.4% decline versus the prior year. Revenue peaked in 2022 at $15.3B. Out of 2 reported periods, 0 showed growth and 2 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $11.8B | $1.1B | -0.4% |
| FY2023 | $11.8B | — | -22.8% |
| FY2022 | $15.3B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Under the deal announced in August 2024, Mars agreed to pay $83.50 per share in cash for Kellanova, valuing the company at roughly $35.9 billion including debt. That offer represented a premium of about 33% over Kellanova's undisturbed share price before the talks became public.
Kellanova stock had been trading around $62 to $63 before the deal news, reflecting fairly muted packaged-food sentiment in 2024. After Mars confirmed its $83.50 per share agreement in August 2024, the shares jumped above $80 and traded close to the cash offer price as investors priced in likely completion.
Kellanova operates with operating profit margins in the mid-teens percent range on its roughly $11.8 billion of annual sales, supported by the pricing power of Pringles and Cheez-It. To protect those margins, the company hedges key commodities such as wheat, corn, and edible oils, locking in input costs up to about 18 months in advance.
Kellanova has paid a quarterly dividend since the 2023 separation, translating to a yield of roughly 3% at prevailing 2024 share prices. That income stream, alongside continued brand investment, formed the core of the company's capital return during its brief window as an independent public company before the pending Mars acquisition.
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CorpDigest. "Kellanova Revenue & Financials." CorpDigest, https://corpdigest.com/company/kellanova/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Kellanova reported $12B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/kellanova/financials" target="_blank" rel="noopener">CorpDigest — Kellanova financials</a></div>