Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

Analysis of Profitability Ratios 

Microsoft Excel

Profitability Ratios (Summary)

Mondelēz International Inc., profitability ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Return on Sales
Gross profit margin 38.22% 35.92% 39.19% 39.30% 39.96%
Operating profit margin 15.28% 11.22% 16.20% 14.50% 14.86%
Net profit margin 13.77% 8.63% 14.97% 13.37% 14.96%
Return on Investment
Return on equity (ROE) 17.50% 10.11% 15.21% 12.89% 14.19%
Return on assets (ROA) 6.95% 3.82% 6.41% 5.24% 6.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Mondelēz International Inc. gross profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Mondelēz International Inc. operating profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Mondelēz International Inc. net profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Mondelēz International Inc. ROE deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
ROA A profitability ratio calculated as net income divided by total assets. Mondelēz International Inc. ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Gross Profit Margin

Mondelēz International Inc., gross profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Gross profit 13,764 11,312 11,254 10,446 10,337
Net revenues 36,016 31,496 28,720 26,581 25,868
Profitability Ratio
Gross profit margin1 38.22% 35.92% 39.19% 39.30% 39.96%
Benchmarks
Gross Profit Margin, Competitors2
Coca-Cola Co. 59.52% 58.14% 60.27% 59.31% 60.77%
PepsiCo Inc. 54.21% 53.03% 53.35% 54.82% 55.13%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Gross profit margin = 100 × Gross profit ÷ Net revenues
= 100 × 13,764 ÷ 36,016 = 38.22%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Mondelēz International Inc. gross profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Operating Profit Margin

Mondelēz International Inc., operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Operating income 5,502 3,534 4,653 3,853 3,843
Net revenues 36,016 31,496 28,720 26,581 25,868
Profitability Ratio
Operating profit margin1 15.28% 11.22% 16.20% 14.50% 14.86%
Benchmarks
Operating Profit Margin, Competitors2
Coca-Cola Co. 24.72% 25.37% 26.67% 27.25% 27.06%
PepsiCo Inc. 13.10% 13.33% 14.04% 14.32% 15.32%
Operating Profit Margin, Sector
Food, Beverage & Tobacco 16.62% 16.13% 17.79% 17.64% 18.59%
Operating Profit Margin, Industry
Consumer Staples 6.58% 7.61% 7.52% 7.21% 6.49%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Operating profit margin = 100 × Operating income ÷ Net revenues
= 100 × 5,502 ÷ 36,016 = 15.28%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Mondelēz International Inc. operating profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Net Profit Margin

Mondelēz International Inc., net profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net earnings attributable to Mondelēz International 4,959 2,717 4,300 3,555 3,870
Net revenues 36,016 31,496 28,720 26,581 25,868
Profitability Ratio
Net profit margin1 13.77% 8.63% 14.97% 13.37% 14.96%
Benchmarks
Net Profit Margin, Competitors2
Coca-Cola Co. 23.42% 22.19% 25.28% 23.47% 23.94%
PepsiCo Inc. 9.92% 10.31% 9.59% 10.12% 10.89%
Net Profit Margin, Sector
Food, Beverage & Tobacco 14.28% 13.16% 14.77% 14.17% 15.43%
Net Profit Margin, Industry
Consumer Staples 4.99% 5.49% 5.54% 5.58% 4.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Net profit margin = 100 × Net earnings attributable to Mondelēz International ÷ Net revenues
= 100 × 4,959 ÷ 36,016 = 13.77%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Mondelēz International Inc. net profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Return on Equity (ROE)

Mondelēz International Inc., ROE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net earnings attributable to Mondelēz International 4,959 2,717 4,300 3,555 3,870
Total Mondelēz International shareholders’ equity 28,332 26,883 28,269 27,578 27,275
Profitability Ratio
ROE1 17.50% 10.11% 15.21% 12.89% 14.19%
Benchmarks
ROE, Competitors2
Coca-Cola Co. 41.30% 39.59% 42.48% 40.14% 46.99%
PepsiCo Inc. 49.04% 51.96% 47.48% 52.92% 49.47%
ROE, Sector
Food, Beverage & Tobacco 34.00% 31.07% 32.22% 30.53% 32.93%
ROE, Industry
Consumer Staples 25.87% 26.95% 25.98% 25.33% 17.98%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
ROE = 100 × Net earnings attributable to Mondelēz International ÷ Total Mondelēz International shareholders’ equity
= 100 × 4,959 ÷ 28,332 = 17.50%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Mondelēz International Inc. ROE deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Return on Assets (ROA)

Mondelēz International Inc., ROA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net earnings attributable to Mondelēz International 4,959 2,717 4,300 3,555 3,870
Total assets 71,391 71,161 67,092 67,810 64,549
Profitability Ratio
ROA1 6.95% 3.82% 6.41% 5.24% 6.00%
Benchmarks
ROA, Competitors2
Coca-Cola Co. 10.97% 10.29% 10.36% 8.87% 10.33%
PepsiCo Inc. 9.03% 9.67% 8.25% 7.66% 9.31%
ROA, Sector
Food, Beverage & Tobacco 9.18% 8.27% 8.54% 7.43% 8.76%
ROA, Industry
Consumer Staples 7.96% 8.47% 8.00% 7.62% 5.73%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
ROA = 100 × Net earnings attributable to Mondelēz International ÷ Total assets
= 100 × 4,959 ÷ 71,391 = 6.95%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Mondelēz International Inc. ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.