Kraft Heinz (KHC)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $26.5B, Kraft Heinz's free cash flow of $3.7B (fiscal 2025) would need to grow about -9% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Kraft Heinz's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from KHC's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Kraft Heinz's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $26.0B | $26.5B | $26.6B | $25.8B | $24.9B |
| Net income | $1.0B | $2.4B | $2.9B | $2.7B | -$5.8B |
| Free cash flow | $4.5B | $1.6B | $3.0B | $3.2B | $3.7B |
| EPS (diluted) | $0.82 | $1.91 | $2.31 | $2.26 | -$4.93 |
| Operating margin | 13.3% | 13.7% | 17.2% | 6.5% | -18.7% |
Where the revenue comes from
Revenue by products, fiscal 2023.
Superinvestors who own KHC
From each investor's latest 13F filing (what a 13F shows). 9 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Warren Buffett Berkshire Hathaway |
Held | $7.7B | 2.6% | Q2 2026 |
| Prem Watsa Fairfax Financial Holdings |
Added | $338M | 12.8% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $95M | 0.03% | Q2 2026 |
| Mason Hawkins Southeastern Asset Management |
Trimmed | $85M | 4.4% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $32M | 0.08% | Q2 2026 |
| Bruce Berkowitz Fairholme Capital Management |
Added | $5M | 0.32% | Q2 2026 |
| Lee Ainslie Maverick Capital |
New position | $2M | 0.02% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Trimmed | $2M | 0.02% | Q2 2026 |
| Francis Chou Chou Associates Management |
Held | $2M | 0.76% | Q2 2026 |
Insider buying
Open-market purchases by Kraft Heinz's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
What growth does Kraft Heinz's stock price imply?
At a market value of $26.5B, Kraft Heinz would need its free cash flow to grow about -9% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 11% a year.
Are Kraft Heinz insiders buying the stock?
No open-market insider purchases of KHC in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Kraft Heinz?
9 of the superinvestors Investingly tracks hold KHC in their latest 13F, including Warren Buffett, Prem Watsa, Cliff Asness.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.