Kraft Heinz (KHC) Operating Margin (2014 - 2026)
Kraft Heinz's Operating Margin was -102.70% in Q2 2026, up 22.84 percentage points from -125.54% a year earlier but down 121.63 percentage points from the prior quarter.
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Analysis
Kraft Heinz (KHC) Operating Margin (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Kraft Heinz's Operating Margin was -12.76% through Jun 27, 2026, up 14.58 percentage points year-over-year; for FY2025, it was -18.72%, down 25.23 percentage points from FY2024.
- Operating Margin shows a five-year change of -26.85 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 6.51% in FY2024 (-10.65 pp), 17.16% in FY2023 (+3.44 pp), 13.72% in FY2022 (+0.43 pp) and 13.29% in FY2021 (+5.16 pp).
- Quarterly Operating Margin has moved between -125.54% (Q2 2025) and 20.47% (Q2 2023) over five years.
- Compared with a year earlier, Operating Margin was higher in three of the last eight quarters, with an average year-over-year change of -13.44 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q2 2026 (a gain of 22.84 percentage points); the worst was Q2 2025 (a drop of 133.60 percentage points).
- Per Business Quant data, KHC's Operating Margin in the three quarters before Q2 2026 was 18.94% (Q1 2026), 17.06% (Q4 2025) and 16.43% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 133.59 Bn | 108.95 Bn | - | - |
| 2 | Mondelez International | 75.71 Bn | 69.03 Bn | 3.99 Bn | 20.80% |
| 3 | Hershey | 32.64 Bn | 28.88 Bn | 1.26 Bn | 23.06% |
| 4 | Kraft Heinz | 27.82 Bn | 14.35 Bn | 2.03 Bn | -102.70% |
| 5 | General Mills | 18.09 Bn | 15.75 Bn | 1.49 Bn | 14.43% |
| 6 | Mccormick | 13.03 Bn | 12.90 Bn | 778.20 Mn | 14.27% |
| 7 | J M Smucker | 12.89 Bn | 12.68 Bn | 979.60 Mn | 23.05% |
| 8 | Hormel Foods | 10.92 Bn | 7.61 Bn | 471.52 Mn | 3.75% |
| 9 | Chewy | 7.33 Bn | 4.62 Bn | 1.01 Bn | 2.76% |
| 10 | Conagra Brands | 6.75 Bn | 5.73 Bn | 704.10 Mn | -57.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | -102.70% |
| Mar 28, 2026 | 18.94% |
| Dec 27, 2025 | 17.06% |
| Sep 27, 2025 | 16.43% |
| Jun 28, 2025 | -125.54% |
| Mar 29, 2025 | 19.94% |
| Dec 28, 2024 | -0.61% |
| Sep 28, 2024 | -1.58% |
| Jun 29, 2024 | 8.06% |
| Mar 30, 2024 | 20.31% |
| Dec 30, 2023 | 18.95% |
| Sep 30, 2023 | 9.94% |
| Jul 1, 2023 | 20.47% |
| Apr 1, 2023 | 19.16% |
| Dec 31, 2022 | 16.61% |
| Sep 24, 2022 | 11.54% |
| Jun 25, 2022 | 8.27% |
| Mar 26, 2022 | 18.44% |
| Dec 25, 2021 | -0.30% |
| Sep 25, 2021 | 18.28% |
API Access
Kraft Heinz Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=KHC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "KHC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=KHC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();