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Side-by-side financial comparison of ConocoPhillips (COP) and Kraft Heinz (KHC). Click either name above to swap in a different company.

ConocoPhillips is the larger business by last-quarter revenue ($11.4B vs $6.4B, roughly 1.8× Kraft Heinz). ConocoPhillips runs the higher net margin — 12.7% vs 10.2%, a 2.4% gap on every dollar of revenue. On growth, Kraft Heinz posted the faster year-over-year revenue change (-3.4% vs -10.7%). Over the past eight quarters, Kraft Heinz's revenue compounded faster (-0.4% CAGR vs -3.8%).

ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas.

The Kraft Heinz Company (KHC), commonly known as Kraft Heinz, is an American multinational food company formed by the merger of Kraft Foods Group, Inc. and the H.J. Heinz Company co-headquartered in Chicago and Pittsburgh.

COP vs KHC — Head-to-Head

Bigger by revenue
COP
COP
1.8× larger
COP
$11.4B
$6.4B
KHC
Growing faster (revenue YoY)
KHC
KHC
+7.3% gap
KHC
-3.4%
-10.7%
COP
Higher net margin
COP
COP
2.4% more per $
COP
12.7%
10.2%
KHC
Faster 2-yr revenue CAGR
KHC
KHC
Annualised
KHC
-0.4%
-3.8%
COP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COP
COP
KHC
KHC
Revenue
$11.4B
$6.4B
Net Profit
$1.4B
$651.0M
Gross Margin
54.4%
32.6%
Operating Margin
19.7%
17.1%
Net Margin
12.7%
10.2%
Revenue YoY
-10.7%
-3.4%
Net Profit YoY
-37.5%
-69.5%
EPS (diluted)
$1.18
$0.56

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
COP
COP
KHC
KHC
Q4 25
$11.4B
$6.4B
Q3 25
$13.3B
$6.2B
Q2 25
$12.6B
$6.4B
Q1 25
$14.5B
$6.0B
Q4 24
$12.7B
$6.6B
Q3 24
$11.7B
$6.4B
Q2 24
$12.7B
$6.5B
Q1 24
$12.3B
$6.4B
Net Profit
COP
COP
KHC
KHC
Q4 25
$1.4B
$651.0M
Q3 25
$1.7B
$615.0M
Q2 25
$2.0B
$-7.8B
Q1 25
$2.8B
$712.0M
Q4 24
$2.3B
$2.1B
Q3 24
$2.1B
$-290.0M
Q2 24
$2.3B
$102.0M
Q1 24
$2.6B
$801.0M
Gross Margin
COP
COP
KHC
KHC
Q4 25
54.4%
32.6%
Q3 25
56.1%
31.9%
Q2 25
59.7%
34.4%
Q1 25
57.3%
34.4%
Q4 24
60.2%
34.1%
Q3 24
59.4%
34.2%
Q2 24
61.6%
35.4%
Q1 24
56.7%
35.0%
Operating Margin
COP
COP
KHC
KHC
Q4 25
19.7%
17.1%
Q3 25
22.0%
16.4%
Q2 25
23.9%
-125.5%
Q1 25
30.8%
19.9%
Q4 24
23.3%
-0.6%
Q3 24
27.6%
-1.6%
Q2 24
28.9%
8.1%
Q1 24
30.9%
20.3%
Net Margin
COP
COP
KHC
KHC
Q4 25
12.7%
10.2%
Q3 25
12.9%
9.9%
Q2 25
15.6%
-123.2%
Q1 25
19.7%
11.9%
Q4 24
18.1%
32.4%
Q3 24
17.6%
-4.5%
Q2 24
18.4%
1.6%
Q1 24
20.7%
12.5%
EPS (diluted)
COP
COP
KHC
KHC
Q4 25
$1.18
$0.56
Q3 25
$1.38
$0.52
Q2 25
$1.56
$-6.60
Q1 25
$2.23
$0.59
Q4 24
$1.92
$1.76
Q3 24
$1.76
$-0.24
Q2 24
$1.98
$0.08
Q1 24
$2.15
$0.66

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COP
COP
KHC
KHC
Cash + ST InvestmentsLiquidity on hand
$7.0B
$2.6B
Total DebtLower is stronger
$22.4B
$19.3B
Stockholders' EquityBook value
$64.5B
$41.7B
Total Assets
$121.9B
$81.8B
Debt / EquityLower = less leverage
0.35×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COP
COP
KHC
KHC
Q4 25
$7.0B
$2.6B
Q3 25
$6.3B
$3.1B
Q2 25
$5.3B
$2.6B
Q1 25
$7.2B
$2.8B
Q4 24
$6.1B
$1.3B
Q3 24
$6.8B
$1.3B
Q2 24
$6.0B
$900.0M
Q1 24
$6.1B
$1.6B
Total Debt
COP
COP
KHC
KHC
Q4 25
$22.4B
$19.3B
Q3 25
$22.5B
$19.3B
Q2 25
$23.1B
$19.3B
Q1 25
$23.2B
$20.9B
Q4 24
$23.3B
$19.2B
Q3 24
$17.0B
$19.4B
Q2 24
$17.0B
$19.3B
Q1 24
$17.3B
$19.9B
Stockholders' Equity
COP
COP
KHC
KHC
Q4 25
$64.5B
$41.7B
Q3 25
$64.9B
$41.5B
Q2 25
$65.6B
$41.4B
Q1 25
$65.2B
$49.5B
Q4 24
$64.8B
$49.2B
Q3 24
$49.9B
$48.3B
Q2 24
$49.7B
$48.9B
Q1 24
$49.3B
$49.5B
Total Assets
COP
COP
KHC
KHC
Q4 25
$121.9B
$81.8B
Q3 25
$122.5B
$81.7B
Q2 25
$122.6B
$81.6B
Q1 25
$124.3B
$90.3B
Q4 24
$122.8B
$88.3B
Q3 24
$96.7B
$88.6B
Q2 24
$96.0B
$88.8B
Q1 24
$95.3B
$90.3B
Debt / Equity
COP
COP
KHC
KHC
Q4 25
0.35×
0.46×
Q3 25
0.35×
0.47×
Q2 25
0.35×
0.47×
Q1 25
0.36×
0.42×
Q4 24
0.36×
0.39×
Q3 24
0.34×
0.40×
Q2 24
0.34×
0.39×
Q1 24
0.35×
0.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COP
COP
KHC
KHC
Operating Cash FlowLast quarter
$4.3B
$1.4B
Free Cash FlowOCF − Capex
$1.2B
FCF MarginFCF / Revenue
18.4%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
2.99×
2.11×
TTM Free Cash FlowTrailing 4 quarters
$3.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COP
COP
KHC
KHC
Q4 25
$4.3B
$1.4B
Q3 25
$5.9B
$1.2B
Q2 25
$3.5B
$1.2B
Q1 25
$6.1B
$720.0M
Q4 24
$4.5B
$1.4B
Q3 24
$5.8B
$1.1B
Q2 24
$4.9B
$942.0M
Q1 24
$5.0B
$771.0M
Free Cash Flow
COP
COP
KHC
KHC
Q4 25
$1.2B
Q3 25
$986.0M
Q2 25
$1.0B
Q1 25
$482.0M
Q4 24
$1.1B
Q3 24
$849.0M
Q2 24
$693.0M
Q1 24
$477.0M
FCF Margin
COP
COP
KHC
KHC
Q4 25
18.4%
Q3 25
15.8%
Q2 25
16.1%
Q1 25
8.0%
Q4 24
17.4%
Q3 24
13.3%
Q2 24
10.7%
Q1 24
7.4%
Capex Intensity
COP
COP
KHC
KHC
Q4 25
3.2%
Q3 25
2.7%
Q2 25
2.9%
Q1 25
4.0%
Q4 24
3.8%
Q3 24
3.7%
Q2 24
3.8%
Q1 24
4.6%
Cash Conversion
COP
COP
KHC
KHC
Q4 25
2.99×
2.11×
Q3 25
3.41×
1.88×
Q2 25
1.77×
Q1 25
2.15×
1.01×
Q4 24
1.93×
0.65×
Q3 24
2.80×
Q2 24
2.11×
9.24×
Q1 24
1.95×
0.96×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

COP
COP

Natural Gas Reserves$2.1B18%
Physical Gas Contracts$2.0B18%
Europe Middle East And North Africa Segment$1.6B14%
Natural Gas Product Line$1.5B13%
Canada Operating Segment$1.3B12%
Alaska Segment$1.3B11%
Natural Gas Liquids Reserves$826.0M7%
Asia Pacific Operating Segment$360.0M3%
Crude Oil Product Line$236.0M2%
Related Party$12.0M0%
Corporate Segment$7.0M0%

KHC
KHC

Taste Elevation$2.9B46%
Easy Ready Meals$1.1B17%
Hydration$471.0M7%
Cheese$440.0M7%
Meats$438.0M7%
Substantial Snacking$351.0M6%
Desserts$332.0M5%
Coffee$221.0M3%
Other Platform$127.0M2%

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