Stock Analysis on Net
Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

Analysis of Profitability Ratios
Quarterly Data

Beginner level

Profitability ratios measure the company’s ability to generate profitable sales from its resources (assets).


Profitability Ratios (Summary)

Mondelēz International Inc., profitability ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Return on Sales
Gross profit margin 39.30% 39.44% 38.85% 39.16% 39.96% 39.36% 39.07% 39.27% 39.91% 40.06% 40.21% 39.58% 38.87% 38.87% 38.83% 39.09% 39.07%
Operating profit margin 14.50% 13.78% 12.95% 14.07% 14.86% 14.80% 14.29% 12.15% 12.77% 12.58% 14.14% 14.82% 13.54% 12.33% 10.52% 10.38% 9.91%
Net profit margin 13.37% 11.99% 13.31% 14.25% 14.96% 15.42% 14.57% 12.64% 13.03% 12.86% 11.97% 12.72% 11.28% 8.61% 6.92% 6.70% 6.40%
Return on Investment
Return on equity (ROE) 12.89% 11.66% 13.24% 14.45% 14.19% 14.80% 14.33% 12.58% 13.19% 13.20% 12.53% 12.62% 11.19% 8.50% 6.88% 6.76% 6.59%
Return on assets (ROA) 5.24% 4.74% 5.37% 5.83% 6.00% 6.21% 5.88% 5.06% 5.39% 5.26% 5.01% 5.17% 4.63% 3.50% 2.82% 2.79% 2.70%

Based on: 10-K (filing date: 2021-02-05), 10-Q (filing date: 2020-11-03), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-05-01), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-02), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28).

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.’s gross profit margin ratio improved from Q2 2020 to Q3 2020 but then slightly deteriorated from Q3 2020 to Q4 2020.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Mondelēz International Inc.’s operating profit margin ratio improved from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Mondelēz International Inc.’s net profit margin ratio deteriorated from Q2 2020 to Q3 2020 but then improved from Q3 2020 to Q4 2020 exceeding Q2 2020 level.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Mondelēz International Inc.’s ROE deteriorated from Q2 2020 to Q3 2020 but then improved from Q3 2020 to Q4 2020 not reaching Q2 2020 level.
ROA A profitability ratio calculated as net income divided by total assets. Mondelēz International Inc.’s ROA deteriorated from Q2 2020 to Q3 2020 but then improved from Q3 2020 to Q4 2020 not reaching Q2 2020 level.

Gross Profit Margin

Mondelēz International Inc., gross profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Gross profit 2,872  2,792  2,331  2,451  2,759  2,516  2,469  2,593  2,549  2,414  2,540  2,849  2,664  2,552  2,324  2,525  2,589  2,488  2,516  2,535 
Net revenues 7,298  6,665  5,911  6,707  6,913  6,355  6,062  6,538  6,773  6,288  6,112  6,765  6,966  6,530  5,986  6,414  6,770  6,396  6,302  6,455 
Profitability Ratio
Gross profit margin1 39.30% 39.44% 38.85% 39.16% 39.96% 39.36% 39.07% 39.27% 39.91% 40.06% 40.21% 39.58% 38.87% 38.87% 38.83% 39.09% 39.07%

Based on: 10-K (filing date: 2021-02-05), 10-Q (filing date: 2020-11-03), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-05-01), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-02), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28).

1 Q4 2020 Calculation
Gross profit margin = 100 × (Gross profitQ4 2020 + Gross profitQ3 2020 + Gross profitQ2 2020 + Gross profitQ1 2020) ÷ (Net revenuesQ4 2020 + Net revenuesQ3 2020 + Net revenuesQ2 2020 + Net revenuesQ1 2020)
= 100 × (2,872 + 2,792 + 2,331 + 2,451) ÷ (7,298 + 6,665 + 5,911 + 6,707) = 39.30%

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.’s gross profit margin ratio improved from Q2 2020 to Q3 2020 but then slightly deteriorated from Q3 2020 to Q4 2020.

Operating Profit Margin

Mondelēz International Inc., operating profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Operating income 1,149  1,135  713  856  906  876  1,025  1,036  870  737  481  1,224  844  1,181  641  840  507  702  638  722 
Net revenues 7,298  6,665  5,911  6,707  6,913  6,355  6,062  6,538  6,773  6,288  6,112  6,765  6,966  6,530  5,986  6,414  6,770  6,396  6,302  6,455 
Profitability Ratio
Operating profit margin1 14.50% 13.78% 12.95% 14.07% 14.86% 14.80% 14.29% 12.15% 12.77% 12.58% 14.14% 14.82% 13.54% 12.33% 10.52% 10.38% 9.91%

Based on: 10-K (filing date: 2021-02-05), 10-Q (filing date: 2020-11-03), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-05-01), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-02), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28).

1 Q4 2020 Calculation
Operating profit margin = 100 × (Operating incomeQ4 2020 + Operating incomeQ3 2020 + Operating incomeQ2 2020 + Operating incomeQ1 2020) ÷ (Net revenuesQ4 2020 + Net revenuesQ3 2020 + Net revenuesQ2 2020 + Net revenuesQ1 2020)
= 100 × (1,149 + 1,135 + 713 + 856) ÷ (7,298 + 6,665 + 5,911 + 6,707) = 14.50%

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Mondelēz International Inc.’s operating profit margin ratio improved from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Net Profit Margin

Mondelēz International Inc., net profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Net earnings attributable to Mondelēz International 1,139  1,119  544  753  726  1,423  807  914  823  1,194  318  1,046  802  992  498  630  93  548  464  554 
Net revenues 7,298  6,665  5,911  6,707  6,913  6,355  6,062  6,538  6,773  6,288  6,112  6,765  6,966  6,530  5,986  6,414  6,770  6,396  6,302  6,455 
Profitability Ratio
Net profit margin1 13.37% 11.99% 13.31% 14.25% 14.96% 15.42% 14.57% 12.64% 13.03% 12.86% 11.97% 12.72% 11.28% 8.61% 6.92% 6.70% 6.40%

Based on: 10-K (filing date: 2021-02-05), 10-Q (filing date: 2020-11-03), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-05-01), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-02), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28).

1 Q4 2020 Calculation
Net profit margin = 100 × (Net earnings attributable to Mondelēz InternationalQ4 2020 + Net earnings attributable to Mondelēz InternationalQ3 2020 + Net earnings attributable to Mondelēz InternationalQ2 2020 + Net earnings attributable to Mondelēz InternationalQ1 2020) ÷ (Net revenuesQ4 2020 + Net revenuesQ3 2020 + Net revenuesQ2 2020 + Net revenuesQ1 2020)
= 100 × (1,139 + 1,119 + 544 + 753) ÷ (7,298 + 6,665 + 5,911 + 6,707) = 13.37%

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Mondelēz International Inc.’s net profit margin ratio deteriorated from Q2 2020 to Q3 2020 but then improved from Q3 2020 to Q4 2020 exceeding Q2 2020 level.

Return on Equity (ROE)

Mondelēz International Inc., ROE calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Net earnings attributable to Mondelēz International 1,139  1,119  544  753  726  1,423  807  914  823  1,194  318  1,046  802  992  498  630  93  548  464  554 
Total Mondelēz International shareholders’ equity 27,578  26,943  26,018  25,674  27,275  26,806  26,093  25,828  25,637  25,457  25,203  26,452  26,111  26,031  25,720  25,658  25,161  27,509  27,592  27,770 
Profitability Ratio
ROE1 12.89% 11.66% 13.24% 14.45% 14.19% 14.80% 14.33% 12.58% 13.19% 13.20% 12.53% 12.62% 11.19% 8.50% 6.88% 6.76% 6.59%

Based on: 10-K (filing date: 2021-02-05), 10-Q (filing date: 2020-11-03), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-05-01), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-02), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28).

1 Q4 2020 Calculation
ROE = 100 × (Net earnings attributable to Mondelēz InternationalQ4 2020 + Net earnings attributable to Mondelēz InternationalQ3 2020 + Net earnings attributable to Mondelēz InternationalQ2 2020 + Net earnings attributable to Mondelēz InternationalQ1 2020) ÷ Total Mondelēz International shareholders’ equity
= 100 × (1,139 + 1,119 + 544 + 753) ÷ 27,578 = 12.89%

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Mondelēz International Inc.’s ROE deteriorated from Q2 2020 to Q3 2020 but then improved from Q3 2020 to Q4 2020 not reaching Q2 2020 level.

Return on Assets (ROA)

Mondelēz International Inc., ROA calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Selected Financial Data (US$ in millions)
Net earnings attributable to Mondelēz International 1,139  1,119  544  753  726  1,423  807  914  823  1,194  318  1,046  802  992  498  630  93  548  464  554 
Total assets 67,810  66,249  64,194  63,598  64,549  63,895  63,573  64,162  62,729  63,918  62,974  64,503  63,109  63,291  62,757  62,076  61,538  63,265  63,271  63,975 
Profitability Ratio
ROA1 5.24% 4.74% 5.37% 5.83% 6.00% 6.21% 5.88% 5.06% 5.39% 5.26% 5.01% 5.17% 4.63% 3.50% 2.82% 2.79% 2.70%

Based on: 10-K (filing date: 2021-02-05), 10-Q (filing date: 2020-11-03), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-07), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-05-01), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-05-02), 10-K (filing date: 2018-02-09), 10-Q (filing date: 2017-10-31), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-28).

1 Q4 2020 Calculation
ROA = 100 × (Net earnings attributable to Mondelēz InternationalQ4 2020 + Net earnings attributable to Mondelēz InternationalQ3 2020 + Net earnings attributable to Mondelēz InternationalQ2 2020 + Net earnings attributable to Mondelēz InternationalQ1 2020) ÷ Total assets
= 100 × (1,139 + 1,119 + 544 + 753) ÷ 67,810 = 5.24%

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Mondelēz International Inc.’s ROA deteriorated from Q2 2020 to Q3 2020 but then improved from Q3 2020 to Q4 2020 not reaching Q2 2020 level.