Forensic Analysis · Consumer Staples / Food & Beverage · as of Jun 27, 2026
Kraft Heinz Co (KHC)
A forensic read on Kraft Heinz Co built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Distress
Financial health
0.6
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-13.9%
ROE
$28.1B
Market cap
7.26%
Dividend yield
Kraft Heinz Co earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is 0.6, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-5%Return on invested capital.Return on invested capital is -5% and slipping from 4% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
$13.2BGoodwill impairments.Took $13.2B of goodwill writedowns across 7 year(s) (FY2023 ($510M), FY2024 ($1.6B), FY2025 ($6.7B)) — about 243% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
-39%Dividend — cut.The payout was CUT ~39% in FY2019 (from FY2018). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin-23.4%
Debt / Equity0.51x
Free Cash Flow$3.66B
Latest Revenue$24.94B
Return on Equity-14.0%
Revenue Growth YoY-3.5%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Kraft Heinz Co:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about KHC's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown