Wk Kellogg Company Financials
This page shows Wk Kellogg Company (KLG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
WK Kellogg’s margin gains are being offset by weaker cash conversion and a balance sheet that depends on turnover.
FY2024 showed higher margins on a softer top line: gross margin reached29.7% from27.4% , implying the earnings engine improved even without revenue growth. Yet cash conversion broke down, with operating cash flow falling from$422M to$107M and free cash flow turning negative, so reported profit became much less spendable cash.
The company’s liquidity cushion is thin: cash was only
Return on equity of
Financial Health Signals
Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Wk Kellogg Company's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Wk Kellogg Company has an operating margin of 4.4%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 31/100, indicating healthy but not exceptional operating efficiency. This is up from 3.4% the prior year.
Wk Kellogg Company's revenue declined 2% year-over-year, from $2.8B to $2.7B. This contraction results in a growth score of 34/100.
Wk Kellogg Company carries a low D/E ratio of 1.40, meaning only $1.40 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 73/100, indicating a strong balance sheet with room for future borrowing.
Wk Kellogg Company's current ratio of 0.75 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Wk Kellogg Company generated $107.0M in operating cash flow, capex of $129.0M consumed most of it, leaving -$22.0M in free cash flow. This results in a low score of 31/100, reflecting heavy capital investment rather than weak cash generation.
Wk Kellogg Company's ROE of 24.7% shows moderate profitability relative to equity, earning a score of 62/100. This is down from 37.1% the prior year.
Wk Kellogg Company scores 2.18, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Wk Kellogg Company passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Wk Kellogg Company generates $1.32 in operating cash flow ($107.0M OCF vs $81.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Wk Kellogg Company earns $4.0 in operating income for every $1 of interest expense ($120.0M vs $30.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Wk Kellogg Company generated $2.7B in revenue in fiscal year 2024. This represents a decrease of 2.0% from the prior year.
Wk Kellogg Company's EBITDA was $198.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.0% from the prior year.
Wk Kellogg Company reported $81.0M in net income in fiscal year 2024. This represents a decrease of 27.7% from the prior year.
Wk Kellogg Company earned $0.91 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 30.5% from the prior year.
Cash & Balance Sheet
Wk Kellogg Company generated -$22.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 108.1% from the prior year.
Wk Kellogg Company held $47.0M in cash against $460.0M in long-term debt as of fiscal year 2024.
Wk Kellogg Company paid $0.64 per share in dividends in fiscal year 2024. This represents an increase of 300.0% from the prior year.
Wk Kellogg Company had 86M shares outstanding in fiscal year 2024.
Margins & Returns
Wk Kellogg Company's gross margin was 29.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.3 percentage points from the prior year.
Wk Kellogg Company's operating margin was 4.4% in fiscal year 2024, reflecting core business profitability. This is up 1.0 percentage points from the prior year.
Wk Kellogg Company's net profit margin was 3.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.1 percentage points from the prior year.
Wk Kellogg Company's ROE was 24.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 12.4 percentage points from the prior year.
Capital Allocation
Wk Kellogg Company invested $24.0M in research and development in fiscal year 2024. This represents a decrease of 4.0% from the prior year.
Wk Kellogg Company invested $129.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 14.0% from the prior year.
KLG Income Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $613.0M-7.5% | $663.0M+3.6% | $640.0M-7.1% | $689.0M+2.5% | $672.0M-5.0% | $707.0M+8.6% | $651.0M-7.0% | $700.0M |
| Cost of Revenue | $446.0M-5.1% | $470.0M+6.3% | $442.0M-10.0% | $491.0M+4.7% | $469.0M-6.6% | $502.0M+8.7% | $462.0M-9.2% | $509.0M |
| Gross Profit | $167.0M-13.5% | $193.0M-2.5% | $198.0M0.0% | $198.0M-2.5% | $203.0M-1.0% | $205.0M+8.5% | $189.0M-1.0% | $191.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $143.0M-7.7% | $155.0M-4.9% | $163.0M+0.6% | $162.0M+8.7% | $149.0M-5.1% | $157.0M-4.8% | $165.0M+1.2% | $163.0M |
| Operating Income | $10.0M-58.3% | $24.0M+20.0% | $20.0M+1100.0% | -$2.0M-103.7% | $54.0M+12.5% | $48.0M+100.0% | $24.0M-14.3% | $28.0M |
| Interest Expense | $6.0M+100.0% | $3.0M-57.1% | $7.0M0.0% | $7.0M-12.5% | $8.0M0.0% | $8.0M-20.0% | $10.0M | $0 |
| Income Tax | $3.0M-40.0% | $5.0M+171.4% | -$7.0M-133.3% | -$3.0M-123.1% | $13.0M+8.3% | $12.0M+71.4% | $7.0M-12.5% | $8.0M |
| Net Income | $8.0M-61.9% | $21.0M+16.7% | $18.0M+325.0% | -$8.0M-121.6% | $37.0M+8.8% | $34.0M+100.0% | $17.0M-37.0% | $27.0M |
| EPS (Diluted) | $0.09-62.5% | $0.24+20.0% | $0.20+300.0% | $-0.10-123.8% | $0.42+7.7% | $0.39+85.7% | $0.21-34.4% | $0.32 |
KLG Balance Sheet
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.1B+4.4% | $2.0B+2.6% | $2.0B+3.3% | $1.9B+0.4% | $1.9B+1.0% | $1.9B+0.1% | $1.9B | N/A |
| Current Assets | $742.0M+10.7% | $670.0M+4.7% | $640.0M+2.9% | $622.0M-5.3% | $657.0M-1.9% | $670.0M-5.5% | $709.0M | N/A |
| Cash & Equivalents | $120.0M+344.4% | $27.0M-42.6% | $47.0M-7.8% | $51.0M+8.5% | $47.0M-33.8% | $71.0M-20.2% | $89.0M+4350.0% | $2.0M |
| Inventory | $393.0M+1.0% | $389.0M+6.0% | $367.0M+3.4% | $355.0M-4.6% | $372.0M+11.7% | $333.0M-4.3% | $348.0M | N/A |
| Accounts Receivable | $200.0M-13.4% | $231.0M+16.1% | $199.0M0.0% | $199.0M-8.3% | $217.0M-11.1% | $244.0M0.0% | $244.0M | N/A |
| Goodwill | $53.0M0.0% | $53.0M0.0% | $53.0M0.0% | $53.0M0.0% | $53.0M0.0% | $53.0M0.0% | $53.0M | N/A |
| Total Liabilities | $1.8B+5.1% | $1.7B+2.3% | $1.7B+4.0% | $1.6B+1.6% | $1.6B-0.4% | $1.6B-1.0% | $1.6B | N/A |
| Current Liabilities | $749.0M-10.8% | $840.0M-1.3% | $851.0M+9.4% | $778.0M-0.8% | $784.0M-1.0% | $792.0M-5.4% | $837.0M | N/A |
| Long-Term Debt | $681.0M+35.7% | $502.0M+9.1% | $460.0M-2.5% | $472.0M-1.3% | $478.0M-1.2% | $484.0M-0.6% | $487.0M | N/A |
| Total Equity | $345.0M+1.2% | $341.0M+4.0% | $328.0M0.0% | $328.0M-4.9% | $345.0M+7.8% | $320.0M+6.0% | $302.0M-53.5% | $650.0M |
| Retained Earnings | $26.0M-21.2% | $33.0M+22.2% | $27.0M+17.4% | $23.0M-50.0% | $46.0M+100.0% | $23.0M+666.7% | $3.0M | N/A |
KLG Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $25.0M+377.8% | -$9.0M-200.0% | $9.0M-85.2% | $61.0M+125.9% | $27.0M+170.0% | $10.0M-95.8% | $238.0M+205.1% | $78.0M |
| Capital Expenditures | $64.0M+6.7% | $60.0M+81.8% | $33.0M-32.7% | $49.0M+28.9% | $38.0M+322.2% | $9.0M-84.2% | $57.0M+96.6% | $29.0M |
| Free Cash Flow | -$39.0M+43.5% | -$69.0M-187.5% | -$24.0M-300.0% | $12.0M+209.1% | -$11.0M-1200.0% | $1.0M-99.4% | $181.0M+269.4% | $49.0M |
| Investing Cash Flow | -$64.0M-6.7% | -$60.0M-71.4% | -$35.0M+25.5% | -$47.0M-23.7% | -$38.0M-322.2% | -$9.0M+84.2% | -$57.0M-128.0% | -$25.0M |
| Financing Cash Flow | $132.0M+169.4% | $49.0M+104.2% | $24.0M+340.0% | -$10.0M+16.7% | -$12.0M+33.3% | -$18.0M+88.5% | -$157.0M-201.9% | -$52.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
KLG Financial Ratios
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.2%-1.9pp | 29.1%-1.8pp | 30.9%+2.2pp | 28.7%-1.5pp | 30.2%+1.2pp | 29.0%-0.0pp | 29.0%+1.7pp | 27.3% |
| Operating Margin | 1.6%-2.0pp | 3.6%+0.5pp | 3.1%+3.4pp | -0.3%-8.3pp | 8.0%+1.2pp | 6.8%+3.1pp | 3.7%-0.3pp | 4.0% |
| Net Margin | 1.3%-1.9pp | 3.2%+0.4pp | 2.8%+4.0pp | -1.2%-6.7pp | 5.5%+0.7pp | 4.8%+2.2pp | 2.6%-1.3pp | 3.9% |
| Return on Equity | 2.3%-3.8pp | 6.2%+0.7pp | 5.5%+7.9pp | -2.4%-13.2pp | 10.7%+0.1pp | 10.6%+5.0pp | 5.6%+1.5pp | 4.2% |
| Return on Assets | 0.4%-0.7pp | 1.0%+0.1pp | 0.9%+1.3pp | -0.4%-2.4pp | 1.9%+0.1pp | 1.8%+0.9pp | 0.9% | N/A |
| Current Ratio | 0.99+0.2 | 0.80+0.0 | 0.75-0.0 | 0.80-0.0 | 0.840.0 | 0.850.0 | 0.85 | N/A |
| Debt-to-Equity | 1.97+0.5 | 1.47+0.1 | 1.40-0.0 | 1.44+0.1 | 1.39-0.1 | 1.51-0.1 | 1.61 | N/A |
| FCF Margin | -6.4%+4.0pp | -10.4%-6.7pp | -3.8%-5.5pp | 1.7%+3.4pp | -1.6%-1.8pp | 0.1%-27.7pp | 27.8%+20.8pp | 7.0% |
Note: The current ratio is below 1.0 (0.75), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Wk Kellogg Company's annual revenue?
Wk Kellogg Company (KLG) reported $2.7B in total revenue for fiscal year 2024. This represents a -2.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Wk Kellogg Company's revenue growing?
Wk Kellogg Company (KLG) revenue declined by 2% year-over-year, from $2.8B to $2.7B in fiscal year 2024.
Is Wk Kellogg Company profitable?
Yes, Wk Kellogg Company (KLG) reported a net income of $81.0M in fiscal year 2024, with a net profit margin of 3.0%.
What is Wk Kellogg Company's EBITDA?
Wk Kellogg Company (KLG) had EBITDA of $198.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Wk Kellogg Company have?
As of fiscal year 2024, Wk Kellogg Company (KLG) had $47.0M in cash and equivalents against $460.0M in long-term debt.
What is Wk Kellogg Company's gross margin?
Wk Kellogg Company (KLG) had a gross margin of 29.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Wk Kellogg Company's operating margin?
Wk Kellogg Company (KLG) had an operating margin of 4.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Wk Kellogg Company's net profit margin?
Wk Kellogg Company (KLG) had a net profit margin of 3.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Wk Kellogg Company pay dividends?
Yes, Wk Kellogg Company (KLG) paid $0.64 per share in dividends during fiscal year 2024.
What is Wk Kellogg Company's return on equity (ROE)?
Wk Kellogg Company (KLG) has a return on equity of 24.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Wk Kellogg Company's free cash flow?
Wk Kellogg Company (KLG) generated -$22.0M in free cash flow during fiscal year 2024. This represents a -108.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Wk Kellogg Company's operating cash flow?
Wk Kellogg Company (KLG) generated $107.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Wk Kellogg Company's total assets?
Wk Kellogg Company (KLG) had $2.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Wk Kellogg Company's capital expenditures?
Wk Kellogg Company (KLG) invested $129.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Wk Kellogg Company spend on research and development?
Wk Kellogg Company (KLG) invested $24.0M in research and development during fiscal year 2024.
What is Wk Kellogg Company's current ratio?
Wk Kellogg Company (KLG) had a current ratio of 0.75 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Wk Kellogg Company's debt-to-equity ratio?
Wk Kellogg Company (KLG) had a debt-to-equity ratio of 1.40 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Wk Kellogg Company's return on assets (ROA)?
Wk Kellogg Company (KLG) had a return on assets of 4.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Wk Kellogg Company's Altman Z-Score?
Wk Kellogg Company (KLG) has an Altman Z-Score of 2.18, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Wk Kellogg Company's Piotroski F-Score?
Wk Kellogg Company (KLG) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Wk Kellogg Company's earnings high quality?
Wk Kellogg Company (KLG) has an earnings quality ratio of 1.32x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Wk Kellogg Company cover its interest payments?
Wk Kellogg Company (KLG) has an interest coverage ratio of 4.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Wk Kellogg Company?
Wk Kellogg Company (KLG) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.