MDLZHIGH SIGNALFINANCIAL10-K

Mondelez experienced a substantial decline in profitability with net earnings falling meaningfully despite revenue growth, indicating significant margin compression.

The sharp deterioration in operating leverage suggests either major operational headwinds, increased investment spending, or one-time charges that materially impacted profitability. This represents a concerning disconnect between revenue expansion and earnings generation that warrants close scrutiny of management's strategic execution and cost structure.

Comparing 2026-02-04 vs 2025-02-05View on EDGAR →
FINANCIAL ANALYSIS

Mondelez delivered mixed financial performance with net revenues growing modestly to $38.5 billion while profitability declined substantially across key metrics. Gross profit contracted meaningfully to $10.9 billion, reflecting margin pressure that flowed through to operating income and net earnings. The combination of higher inventory levels and increased current liabilities suggests potential working capital management challenges amid the operational headwinds.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
-46.8%
$4.6B→$2.5B

Net income declined 46.8% — review whether driven by operations, interest costs, or non-recurring items.

Operating Income
P&L
-44.1%
$6.3B→$3.5B

Operating income deteriorated sharply — investigate whether driven by one-time charges or structural cost issues.

Gross Profit
P&L
-23.3%
$14.3B→$10.9B

Gross margin compression — rising input costs, pricing pressure, or unfavorable product mix shift.

Inventory
Balance Sheet
+15.5%
$3.8B→$4.4B

Inventory built 15.5% — monitor whether demand supports this build or if write-downs may follow.

Current Liabilities
Balance Sheet
+11.8%
$19.5B→$21.9B

Current liabilities rose 11.8% — increased short-term obligations, watch current ratio.

LANGUAGE CHANGES
NEW — 2026-02-04
PRIOR — 2025-02-05
ADDED
At January 30, 2026, there were 1,281,845,669 shares of the registrant s Class A Common Stock outstanding.
Management s Discussion and Analysis of Financial Condition and Results of Operations: 32 Recent Developments and Significant Items 32 Business Trends 35 Non-GAAP Financial Measures 37 Items Affecting Comparability of Financial Results 38 Discussion and Analysis of Historical Results 41 Summary of Results 41 Liquidity and Capital Resources 49 Commodity Trends 51 Critical Accounting Estimates 52 Item 7A.
We are one of the world s largest snack companies with global net revenues of $38.5 billion and net earnings of $2.5 billion in 2025.
Please refer to our Sustainability and Mindful Snacking section below for additional information.
Global Operations We sell our products in over 150 countries and have operations in approximately 80 countries, including 145 principal manufacturing and processing facilities across 49 countries.
+7 more — sign up free →
REMOVED
At January 31, 2025, there were 1,293,525,167 shares of the registrant s Class A Common Stock outstanding.
Management s Discussion and Analysis of Financial Condition and Results of Operations: 32 Recent Developments and Significant Items Affecting Comparability 32 Financial Outlook 35 Summary of Results 36 Discussion and Analysis of Historical Results 37 Liquidity and Capital Resources 54 Commodity Trends 56 Non-GAAP Financial Measures 57 Critical Accounting Estimates 60 Item 7A.
We are one of the world s largest snack companies with global net revenues of $36.4 billion and net earnings of $4.6 billion in 2024.
Please see our Sustainability and Mindful Snacking section below.
Global Operations We sell our products in over 150 countries and have operations in approximately 80 countries, including 147 principal manufacturing and processing facilities across 46 countries.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
CRMHIGHSalesforce significantly increased debt by 71% to $14.4B while simultaneously ac...
2026-03-02
UNHHIGHUNH's operating income plummeted 41% despite 12% revenue growth, indicating seve...
2026-03-02
PFEHIGHPfizer achieved a dramatic 87.3% reduction in total debt from $31.4B to $4.0B, r...
2026-02-26
GILDHIGHGILD dramatically increased R&D spending by 81.5% to $9.1B while introducing new...
2026-02-24
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →