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Following its split from the North American cereal business in October 2023, Kellanova (previously the global snacking arm of Kellogg) has operated as a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in over 180 countries. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and Morningstar Farms. Sales beyond its home turf account for about nearly two thirds of Kellanova's consolidated sales base. Mars is slated to acquire the recently independent business in a nearly $36 billion deal in the first half of calendar 2025.
1922
24K+
LTM Revenue $12.8B
LTM EBITDA $2.3B
$34.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Kellanova has a last 12-month revenue (LTM) of $12.8B and a last 12-month EBITDA of $2.3B.
In the most recent fiscal year, Kellanova achieved revenue of $12.7B and an EBITDA of $2.3B.
Kellanova expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Kellanova valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $12.8B | XXX | $12.7B | XXX | XXX | XXX |
| Gross Profit | $4.5B | XXX | $4.5B | XXX | XXX | XXX |
| Gross Margin | 35% | XXX | 36% | XXX | XXX | XXX |
| EBITDA | $2.3B | XXX | $2.3B | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBIT | $1.9B | XXX | $1.9B | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $1.3B | XXX | $1.3B | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $5.0B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Kellanova's stock price is $83.
Kellanova has current market cap of $28.7B, and EV of $34.6B.
See Kellanova trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $34.6B | $28.7B | XXX | XXX | XXX | XXX | $3.87 |
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Start Free TrialAs of May 30, 2025, Kellanova has market cap of $28.7B and EV of $34.6B.
Kellanova's trades at 2.7x EV/Revenue multiple, and 14.8x EV/EBITDA.
Equity research analysts estimate Kellanova's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Kellanova has a P/E ratio of 21.4x.
See valuation multiples for Kellanova and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $28.7B | XXX | $28.7B | XXX | XXX | XXX |
| EV (current) | $34.6B | XXX | $34.6B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 15.3x | XXX | 14.8x | XXX | XXX | XXX |
| EV/EBIT | 18.0x | XXX | 18.5x | XXX | XXX | XXX |
| EV/Gross Profit | 7.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | 21.4x | XXX | 21.3x | XXX | XXX | XXX |
| EV/FCF | 29.4x | XXX | 30.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialKellanova's last 12 month revenue growth is 1%
Kellanova's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Kellanova's rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Kellanova's rule of X is 21% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Kellanova and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | 13% | XXX | XXX | XXX |
| Rule of 40 | 15% | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 21% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 21% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Agthia Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Acomo | XXX | XXX | XXX | XXX | XXX | XXX |
| ForFarmers | XXX | XXX | XXX | XXX | XXX | XXX |
| JDE Peets | XXX | XXX | XXX | XXX | XXX | XXX |
| Sligro Food Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Kellanova acquired XXX companies to date.
Last acquisition by Kellanova was XXXXXXXX, XXXXX XXXXX XXXXXX . Kellanova acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Kellanova founded? | Kellanova was founded in 1922. |
| Where is Kellanova headquartered? | Kellanova is headquartered in United States of America. |
| How many employees does Kellanova have? | As of today, Kellanova has 24K+ employees. |
| Who is the CEO of Kellanova? | Kellanova's CEO is Mr. Steven A. Cahillane. |
| Is Kellanova publicy listed? | Yes, Kellanova is a public company listed on NYS. |
| What is the stock symbol of Kellanova? | Kellanova trades under K ticker. |
| When did Kellanova go public? | Kellanova went public in 1959. |
| Who are competitors of Kellanova? | Similar companies to Kellanova include e.g. Agthia Group, Acomo, ForFarmers, JDE Peets. |
| What is the current market cap of Kellanova? | Kellanova's current market cap is $28.7B |
| What is the current revenue of Kellanova? | Kellanova's last 12 months revenue is $12.8B. |
| What is the current revenue growth of Kellanova? | Kellanova revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Kellanova? | Current revenue multiple of Kellanova is 2.7x. |
| Is Kellanova profitable? | Yes, Kellanova is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Kellanova? | Kellanova's last 12 months EBITDA is $2.3B. |
| What is Kellanova's EBITDA margin? | Kellanova's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Kellanova? | Current EBITDA multiple of Kellanova is 15.3x. |
| What is the current FCF of Kellanova? | Kellanova's last 12 months FCF is $1.2B. |
| What is Kellanova's FCF margin? | Kellanova's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Kellanova? | Current FCF multiple of Kellanova is 29.4x. |
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