Kellanova

KNYSEConsumer Defensive

$83.44

$-0.01(-0.01%)

Market Cap$29.0B

P/E Ratio—

52W High$83.65

52W Low$76.48

Avg Volume3.5M

Open$83.47

Beta0.25

Free Cash Flow Financials Revenue

Kellanova (K) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

K · free cash flow · updated Jun 8, 2026

Core FCF metrics

K · FCF · TTM · margin & CAGR

Free cash flow was $1.13B for FY2024 (fiscal year ending 2024-12-28), up 16.9% year-over-year The FCF margin was 8.9%. Five-year CAGR stands at +13.9%.

FY2024 Free Cash Flow$1.13B▲ +16.9% YoY

Trailing 12M (TTM)$599.0Mtrailing 4 quarters sum

FCF Margin8.9%$1.13B ÷ revenue

3-Year CAGR-0.5%FY2021 → FY2024

5-Year CAGR+13.9%FY2019 → FY2024

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

K · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2024Latest$1.76B(628M)$1.13B▲ +16.9%8.9%

FY2023$1.65B(677M)$968.0M▼ 16.8%7.4%

FY2022$1.65B(488M)$1.16B▲ +1.3%9.2%

FY2021$1.70B(553M)$1.15B▼ 22.5%9.8%

FY2020$1.99B(505M)$1.48B▲ +151.0%10.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

K · P/FCF · FCF yield · FCF per share

Kellanova (K) trades at a FCF yield of 2.06% and a price-to-free-cash-flow ratio of 47.7x. FCF per share stands at $1.75, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.06%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.75

TTM FCF ÷ Shares Outstanding

Price / FCF

x47.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x58.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2024 · 2024-12-28

Cash flow statement summary

K · cash flow statement · operating / investing / financing

For FY2024, Kellanova generated $1.76B in operating cash flow and spent 628M in capital expenditures, yielding $1.13B in free cash flow.

Operating Activities

+$1.76B

Cash from core business operations

2024-12-28

Investing Activities

−$750.0M

CapEx, acquisitions & investments

2024-12-28

Financing Activities

−$607.0M

Buybacks, dividends & debt

2024-12-28

FCF FormulaOperating CF ($1.76B) − |CapEx| (628M) = FCF ($1.13B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

K vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

KellanovaYOU

$1.13B+16.9%8.9%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Kellanova (K) reported free cash flow of $1.13B for FY2024 (fiscal year ending 2024-12-28), up 16.9% year-over-year. The FCF margin was 8.9%.

Based on available data, Kellanova has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.48B in FY2020. The 5-year CAGR stands at +13.9%.

Kellanova's FCF yield is 2.06% and price-to-FCF ratio is 47.7x for FY2024, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

K free cash flow · 8 questions

Kellanova free cash flow was $1.13B for FY2024, up 16.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $599.0M.

K free cash flowK FCFK FCF 2024K free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Kellanova · Kellanova SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026