Mondelez International, Inc（MDLZ）の決算・業績分析
Mondelez International, Incの2025年有価証券報告書をAI分析。売上高$38.5B(+5.8%)。営業利益$3.5B。Consumer Staples。
目次
Mondelez International, Incの2025年度 業績サマリー
Mondelez International, Inc（証券コード: MDLZ）の2025年度決算・業績分析。売上高は$38.5B（前年比+5.8%）。営業利益は$3.5B（前年比-44.1%）。純利益は$2.5B（前年比-46.8%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Mondelez International, Incの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 9.7% YoY to $31.5B (XBRL), but operating income fell 24.0% YoY to $3.5B (XBRL) due to rising input costs.
- Net income declined 36.8% YoY to $2.7B (XBRL), driven by higher operating costs and ERP implementation impacts (10-K).
- Shareholder returns totaled $4.0B via dividends ($2.0B) and buybacks ($2.0B) (XBRL), despite a 36.8% drop in net income.
Mondelez International, Incの売上高変化の要因
- •Total revenue increased 9.7% YoY to $31.5B (XBRL), reflecting long-term growth despite macroeconomic challenges (inflation, supply constraints) (10-K). Segment-level revenue data is unavailable (N/A). The 5-year revenue CAGR of 6.8% (XBRL) suggests sustained demand for snacks, though FY2024 operating income fell 24.0% YoY to $3.5B (XBRL) due to rising cocoa prices and ERP implementation costs (10-K).
Mondelez International, Incの営業利益変化の要因
- •Gross profit was $11.3B (35.9% margin) (XBRL), but operating margin declined to 11.2% (from prior year) due to higher raw material, labor, and energy costs (10-K). Net margin fell to 8.6% (from prior year) as net income dropped 36.8% YoY to $2.7B (XBRL). EBITDA remained stable at $4.6B (14.7% margin) (XBRL).
Mondelez International, Incの事業リスクと対応
Commodity price volatility and input cost fluctuations (10-K).
Global trade risks, tariffs, and regulatory uncertainty (10-K).
Climate change impacts and sustainability-related regulations (10-K).
Supply chain disruptions from labor, transportation, and geopolitical conflicts (10-K).
Geopolitical tensions (e.g., Ukraine war, Middle East conflicts) affecting operations and costs (10-K).
Customer delistings from price increases and competition from private-label products (10-K).
Mondelez International, Incの今後の見通し・業績予想
Mondelez International, Incの事業内容
Mondelez International operates as a global snack manufacturer, focusing on chocolate (e.g., Cadbury), biscuits (e.g., Oreo), and baked snacks (e.g., LU). Revenue is generated through branded product sales in over 150 countries, with $36.4B in global net revenues in 2024 (10-K). Key competitive advantages include iconic global/local brands, operational excellence, and a focus on sustainable snacking (10-K). The company faces risks from commodity volatility, geopolitical tensions, and supply chain disruptions (10-K).
Mondelez International, IncのAI業績分析レポート（2024年度）
Mondelez International, Inc. (MDLZ) FY2024 Annual Report Analysis
Highlights
Business Overview
Mondelez International operates as a global snack manufacturer, focusing on chocolate (e.g., Cadbury), biscuits (e.g., Oreo), and baked snacks (e.g., LU). Revenue is generated through branded product sales in over 150 countries, with $36.4B in global net revenues in 2024 (10-K). Key competitive advantages include iconic global/local brands, operational excellence, and a focus on sustainable snacking (10-K). The company faces risks from commodity volatility, geopolitical tensions, and supply chain disruptions (10-K).
Revenue Analysis
Total revenue increased 9.7% YoY to $31.5B (XBRL), reflecting long-term growth despite macroeconomic challenges (inflation, supply constraints) (10-K). Segment-level revenue data is unavailable (N/A). The 5-year revenue CAGR of 6.8% (XBRL) suggests sustained demand for snacks, though FY2024 operating income fell 24.0% YoY to $3.5B (XBRL) due to rising cocoa prices and ERP implementation costs (10-K).
Profitability Analysis
Gross profit was $11.3B (35.9% margin) (XBRL), but operating margin declined to 11.2% (from prior year) due to higher raw material, labor, and energy costs (10-K). Net margin fell to 8.6% (from prior year) as net income dropped 36.8% YoY to $2.7B (XBRL). EBITDA remained stable at $4.6B (14.7% margin) (XBRL).
Balance Sheet Analysis
Equity ratio was 39.7% (XBRL), with total debt implied by a D/E ratio of 1.52x (XBRL). Current ratio was 0.62x (XBRL), indicating potential short-term liquidity challenges. ROE was 9.6% (XBRL), below ROA (3.8%) and ROIC (5.3%), reflecting capital inefficiency.
Cash Flow Analysis
Operating cash flow was $3.9B (XBRL), exceeding net income ($2.7B) due to non-cash depreciation ($1.1B). Free cash flow was $3.0B (XBRL), calculated as OCF minus CapEx ($906M). Investing activities included $1.2B ERP system implementation (10-K). Financing activities reflected $2.0B dividends and $2.0B share repurchases (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) was -43 days (XBRL), reflecting efficient working capital management. Receivables days: 42 days (XBRL); Inventory days: 65 days (XBRL); Payables days: 150 days (XBRL).
Risks
Outlook
Management expects strong snacks revenue growth but anticipates ongoing volatility from inflation, supply chain risks, and ERP implementation (10-K). Long-term growth depends on consumer demand and cost management (10-K). No specific FY2025 financial targets were provided (N/A).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 25.9B | 25.9B | 26.6B | 28.7B | 31.5B | 36.0B |
| Operating Income | 3.3B | 3.8B | 3.9B | 4.7B | 3.5B | 5.5B |
| Net Income | 3.3B | 3.9B | 3.6B | 4.3B | 2.7B | 5.0B |
| Total Assets | 62.6B | 64.5B | 67.8B | 67.1B | 71.4B | 68.5B |
| Total Equity | 27.2B | 27.6B | 28.3B | 26.9B | 28.3B | 26.9B |
| Operating Cash Flow | 3.9B | 4.0B | 4.0B | 4.1B | 3.9B | 4.7B |
Consumer Staplesの企業一覧
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