Common-Size Income Statement
Quarterly Data
Paying user area
Try for free
Mondelēz International Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Mondelēz International Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Mondelēz International Inc., common-size consolidated income statement (quarterly data)
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The common-size income statement reveals several noteworthy trends in the company’s financial performance between March 2021 and December 2025. A significant fluctuation is observed in the cost of sales, gross profit, and operating income percentages, indicating potential shifts in production costs, pricing strategies, or operational efficiency. Net earnings attributable to Mondelēz International also demonstrates considerable variability over the analyzed period.
- Cost of Sales and Gross Profit
- Cost of sales as a percentage of net revenues generally increased from 59.02% in March 2021 to a peak of 67.42% in September 2022, before decreasing to 71.84% in December 2025. This increase in cost of sales directly impacted gross profit, which declined from 40.98% to a low of 26.81% in September 2025. A notable decrease in cost of sales is observed in the first quarter of 2024, resulting in a substantial increase in gross profit to 51.13%. However, this appears to be a temporary anomaly, as cost of sales increased again in subsequent quarters.
- Operating Income
- Operating income as a percentage of net revenues mirrored the trend in gross profit, initially fluctuating between 13.13% and 18.02% in 2021. It then experienced a decline, reaching a low of 8.75% in September 2022. A significant increase to 29.35% occurred in March 2024, coinciding with the decrease in cost of sales, but subsequently decreased to 9.07% by September 2025. This suggests a strong correlation between operating income and the cost of goods sold.
- Selling, General and Administrative Expenses
- Selling, general and administrative expenses remained relatively stable as a percentage of net revenues, generally ranging between 17.71% and 24.51% throughout the period. A noticeable decrease to 17.71% occurred in September 2022, potentially reflecting cost-cutting measures or improved operational efficiencies. However, these expenses increased again in later periods.
- Net Earnings
- Net earnings attributable to Mondelēz International fluctuated considerably, ranging from 6.71% to 22.70% of net revenues. The highest percentage was observed in March 2024 (22.70%), aligning with the period of lower cost of sales and higher operating income. A decline is evident in the later periods, with net earnings falling to 6.34% in December 2025. This suggests that net earnings are sensitive to changes in cost of sales and operating expenses.
- Other Notable Items
- Asset impairments and exit costs were present in several quarters, peaking at 2.02% in June 2021. Benefit plan non-service income (expense) showed some variability, with a significant negative impact in June 2025 (-2.94%). Interest and other expense, net, remained relatively consistent, generally between 0.56% and 3.01%. Gains or losses on marketable securities and equity method investments also contributed to fluctuations in earnings, particularly in certain quarters.
Overall, the company’s profitability appears to be significantly influenced by cost of sales. The substantial fluctuations observed throughout the period warrant further investigation to understand the underlying drivers and potential risks to future performance. The significant increase in profitability in early 2024, followed by a decline, suggests a need for a more in-depth analysis of the factors contributing to these changes.