Kraft Heinz vs Post Holdings: Revenue, Profit and Business Model
Kraft Heinz had $24.9B of annual revenue in FY2025 and a net loss of $5.8B. Post Holdings had $8.2B of annual revenue in FY2025 and $335.7M of net income.
Latest financial snapshot
Kraft Heinz
- Latest annual revenue
- $24.9B (FY2025)
- Net income
- -$5.8B
- Net margin
- -23.4%
- Revenue growth
- -0.6% a year, FY2016–FY2025
Post Holdings
- Latest annual revenue
- $8.2B (FY2025)
- Net income
- $335.7M
- Net margin
- 4.1%
- Revenue growth
- +5.5% a year, FY2016–FY2025
Financial summary
Kraft Heinz
Kraft Heinz's net sales peaked at $26.6 billion in 2023 and fell to $25.846 billion in 2024 and $24.942 billion in 2025. Profitability swings with impairments: the company reported a $10.2 billion loss in 2018 after the $15.4 billion write-down of Kraft and Oscar Mayer brands, profits of $2.4 billion to $2.9 billion from 2022 to 2024, and a $5.846 billion net loss in FY2025 on a $4.669 billion operating loss. In Q2 2026 (quarter ended June 27, 2026), net sales were $6.262 billion, down 1.4%, and a $7.4 billion non-cash impairment produced a $6.4 billion operating loss and a net loss of about $5.46 billion. Cash generation is steadier: year-to-date 2026 operating cash flow was $2.1 billion and free cash flow $1.7 billion, and the company returned $0.9 billion to shareholders, including a $0.40 quarterly dividend. Market capitalization was about $29 billion in September 2026, far below the more than $100 billion value it reached in 2017. The Kraft Heinz Company is a colossal American multinational food and beverage conglomerate, commanding a market valuation generally exceeding $40 billion.
Post Holdings
Post Holdings grew net sales from $4.71 billion in fiscal 2020 to $8.158 billion in fiscal 2025, mostly through acquisitions such as the Smucker pet food brands (2023), Perfection Pet Foods (2023), Potato Products of Idaho (March 2025) and 8th Avenue Food & Provisions (July 2025). Fiscal 2025 net earnings were $335.7 million. For the nine months to June 30, 2026, net sales rose to $6.166 billion and Adjusted EBITDA to $1.191 billion, while net earnings fell 15% to $242.1 million on higher interest costs. Post does not pay a dividend and repurchased 9.1 million shares for $908.8 million in the first nine months of fiscal 2026. Management narrowed fiscal 2026 Adjusted EBITDA guidance to $1.56-$1.57 billion. Post Holdings, Inc. is a major American consumer packaged goods holding company operating heavily in the center-store grocery space, commanding a market valuation typically over $7 billion.
Revenue and profit by year
Kraft Heinz
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $24.9B | -$5.8B | -23.4% | -3.5% | Source |
| FY2024 | $25.8B | $2.7B | 10.6% | -3.0% | Source |
| FY2023 | $26.6B | $2.9B | 10.7% | +0.6% | Source |
| FY2022 | $26.5B | $2.4B | 8.9% | +1.7% | Source |
| FY2021 | $26B | $1B | 3.9% | -0.5% | Source |
| FY2020 | $26.2B | $356M | 1.4% | +4.8% | Source |
| FY2019 | $25B | $1.9B | 7.7% | -4.9% | Source |
| FY2018 | $26.3B | -$10.2B | -38.8% | +0.7% | Source |
| FY2017 | $26.1B | $10.9B | 42.0% | -0.9% | Source |
| FY2016 | $26.3B | $3.6B | 13.7% | — | Source |
Post Holdings
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 (partial year) | $6.2B | $242.1M | — | — | Source |
| FY2025 | $8.2B | $335.7M | 4.1% | +3.0% | Source |
| FY2024 | $7.9B | $366.7M | 4.6% | +13.3% | Source |
| FY2023 | $7B | $301.3M | 4.3% | +19.5% | Source |
| FY2022 | $5.9B | $756.6M | 12.9% | +17.5% | Source |
| FY2021 | $5B | $166.7M | 3.3% | +5.7% | Source |
| FY2020 | $4.7B | $800,000 | 0.0% | -17.1% | Source |
| FY2019 | $5.7B | $124.7M | 2.2% | -9.2% | Source |
| FY2018 | $6.3B | $467.3M | 7.5% | +19.7% | Source |
| FY2017 | $5.2B | $48.3M | 0.9% | +4.0% | Source |
| FY2016 | $5B | -$3.3M | -0.1% | — | Source |
Where the revenue comes from
Kraft Heinz
- North America~74%
US and Canada retail and foodservice sales of Heinz, Kraft, Oscar Mayer, Philadelphia, Lunchables, Velveeta, Capri Sun, and Maxwell House. H1 2026 net sales were $9.084 billion, down 1.7%.
- International Developed Markets~14%
Developed markets outside North America, including the UK, Europe, Australia, and Japan, led by Heinz condiments, beans, and soups. H1 2026 net sales were $1.708 billion, down 0.3%.
- Emerging Markets~12%
West and East Emerging Markets plus Asia Emerging Markets, including Brazil, Mexico, the Middle East, China, and Indonesia. H1 2026 net sales grew 9.0% to $1.517 billion.
Post Holdings
- Post Consumer Brands
Not formally reported
Cereal, granola, pet food, nut butters, and pantry products.
- Weetabix
Not formally reported
U.K. cereal and breakfast products.
- Foodservice
Not formally reported
Egg products and foodservice ingredients.
- Refrigerated Retail
Not formally reported
Bob Evans side dishes, sausage and egg products. The Crystal Farms dairy business was sold on May 1, 2026.
Business model and strategy
Kraft Heinz
How it makes money
Kraft Heinz makes money by manufacturing and selling branded, mostly shelf-stable and refrigerated foods to grocery retailers, mass merchants, club stores, and foodservice operators. It buys commodities such as tomatoes, dairy, meat, coffee, and packaging, turns them into branded products, and earns its margin through brand pricing power, scale in procurement and distribution, and category leadership on the shelf.
Growth strategy
Under Steve Cahillane, Kraft Heinz's growth plan is to invest behind its biggest brands instead of splitting the company. The roughly $700 million incremental 2026 budget, raised from $600 million in August 2026, goes to marketing, R&D and product quality, sales capabilities, and selective price investment, mostly in the US.
Competitive advantage
Kraft Heinz's advantage is a set of category-defining brands, led by Heinz ketchup and condiments, Philadelphia cream cheese, Kraft Mac & Cheese, and Oscar Mayer, combined with national distribution and category-captain relationships with large retailers.
Post Holdings
How it makes money
Post makes money by manufacturing and selling packaged food through four segments. Post Consumer Brands sells branded and private-label cereal and granola (Honey Bunches of Oats, Pebbles, Malt-O-Meal), pet food (Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits) and Peter Pan peanut butter to grocery, mass and club retailers.
Growth strategy
Post grows mainly by buying businesses and integrating them into existing plants and sales teams. Recent moves include the $1.2 billion purchase of Smucker pet food brands (April 2023), Perfection Pet Foods for $235 million (December 2023), Potato Products of Idaho (March 2025) and 8th Avenue Food & Provisions (July 2025).
Competitive advantage
Post's edge is scale in less glamorous categories plus a capital-allocation discipline that treats acquisitions, debt and buybacks as interchangeable uses of cash. Michael Foods is a major supplier of value-added eggs to foodservice, Weetabix is the UK's number-one selling ready-to-eat cereal brand, and Post Consumer Brands covers both branded and private-label cereal, which lets it sell to shoppers who trade down.
Questions about Kraft Heinz vs Post Holdings
Which company has higher revenue — The Kraft Heinz Company or Post Holdings, Inc.?
The Kraft Heinz Company had $24.9B (FY2025), while Post Holdings, Inc. had $8.2B (FY2025). By latest annual revenue, The Kraft Heinz Company is the larger business, with Post Holdings, Inc. showing a smaller revenue base.
What is the market cap of The Kraft Heinz Company vs Post Holdings, Inc.?
The Kraft Heinz Company's market capitalisation stands at $29.0B, while Post Holdings, Inc.'s is $4.7B. The Kraft Heinz Company carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to Post Holdings, Inc..
How does revenue per employee compare for The Kraft Heinz Company and Post Holdings, Inc.?
The Kraft Heinz Company has $713k / employee in revenue per employee, while Post Holdings, Inc. has $619k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do The Kraft Heinz Company and Post Holdings, Inc. make money?
The Kraft Heinz Company and Post Holdings, Inc. generate revenue in fundamentally different ways. The Kraft Heinz Company: Kraft Heinz makes money by manufacturing and selling branded, mostly shelf-stable and refrigerated foods to grocery retailers, mass merchants, club stores, and foodservice operators. Post Holdings, Inc.: Post makes money by manufacturing and selling packaged food through four segments.
Which company is valued higher relative to revenue — The Kraft Heinz Company or Post Holdings, Inc.?
On a price-to-sales (P/S) basis, The Kraft Heinz Company trades at 1.2x P/S and Post Holdings, Inc. at 0.6x P/S. The Kraft Heinz Company commands a higher revenue multiple, typically indicating that investors expect faster growth or higher future margins compared to Post Holdings, Inc.. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is The Kraft Heinz Company bigger than Post Holdings, Inc.?
By last reported revenue, The Kraft Heinz Company ($24.9B (FY2025)) is the larger company compared to Post Holdings, Inc. ($8.2B (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Kraft Heinz vs Post Holdings overview