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Side-by-side financial comparison of GLOBALFOUNDRIES Inc. (GFS) and Kellanova (K). Click either name above to swap in a different company.

Kellanova is the larger business by last-quarter revenue ($3.3B vs $1.7B, roughly 1.9× GLOBALFOUNDRIES Inc.). GLOBALFOUNDRIES Inc. runs the higher net margin — 14.8% vs 9.5%, a 5.3% gap on every dollar of revenue. On growth, Kellanova posted the faster year-over-year revenue change (0.8% vs -2.9%). Over the past eight quarters, GLOBALFOUNDRIES Inc.'s revenue compounded faster (-4.3% CAGR vs -9.0%).

GlobalFoundries Inc. is a multinational semiconductor contract manufacturing and design company domiciled in the Cayman Islands and headquartered in Malta, New York. Created by the divestiture of the manufacturing arm of AMD in March 2009, the company was privately owned by Mubadala Investment Company, a sovereign wealth fund of the United Arab Emirates, until an initial public offering (IPO) in October 2021. Mubadala remains the majority owner of the company with an 82% stake.

Kellanova, formerly known as the Kellogg Company, is an American multinational food manufacturing company owned by Mars Inc. headquartered in Chicago, Illinois. The renaming took effect on October 2, 2023, and the company's North American cereal operations were spun off to form the WK Kellogg Co at the same time.

GFS vs K — Head-to-Head

Bigger by revenue
K
K
1.9× larger
K
$3.3B
$1.7B
GFS
Growing faster (revenue YoY)
K
K
+3.8% gap
K
0.8%
-2.9%
GFS
Higher net margin
GFS
GFS
5.3% more per $
GFS
14.8%
9.5%
K
Faster 2-yr revenue CAGR
GFS
GFS
Annualised
GFS
-4.3%
-9.0%
K

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
GFS
GFS
K
K
Revenue
$1.7B
$3.3B
Net Profit
$249.0M
$309.0M
Gross Margin
24.8%
33.3%
Operating Margin
11.6%
13.9%
Net Margin
14.8%
9.5%
Revenue YoY
-2.9%
0.8%
Net Profit YoY
39.9%
-15.8%
EPS (diluted)
$0.44
$0.88

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
GFS
GFS
K
K
Q3 25
$1.7B
$3.3B
Q2 25
$1.7B
$3.2B
Q1 25
$1.6B
$3.1B
Q4 24
$3.1B
Q3 24
$1.7B
$3.2B
Q2 24
$1.6B
$3.2B
Q1 24
$1.5B
$3.2B
Q3 23
$1.9B
$3.9B
Net Profit
GFS
GFS
K
K
Q3 25
$249.0M
$309.0M
Q2 25
$228.0M
$299.0M
Q1 25
$211.0M
$304.0M
Q4 24
$365.0M
Q3 24
$178.0M
$367.0M
Q2 24
$155.0M
$344.0M
Q1 24
$134.0M
$267.0M
Q3 23
$249.0M
$269.0M
Gross Margin
GFS
GFS
K
K
Q3 25
24.8%
33.3%
Q2 25
24.2%
34.0%
Q1 25
22.4%
34.3%
Q4 24
37.7%
Q3 24
23.8%
36.4%
Q2 24
24.2%
36.4%
Q1 24
25.4%
32.2%
Q3 23
28.6%
28.2%
Operating Margin
GFS
GFS
K
K
Q3 25
11.6%
13.9%
Q2 25
11.6%
13.7%
Q1 25
9.5%
13.9%
Q4 24
17.0%
Q3 24
10.6%
14.1%
Q2 24
9.5%
15.4%
Q1 24
9.5%
12.3%
Q3 23
14.1%
12.2%
Net Margin
GFS
GFS
K
K
Q3 25
14.8%
9.5%
Q2 25
13.5%
9.3%
Q1 25
13.3%
9.9%
Q4 24
11.7%
Q3 24
10.2%
11.4%
Q2 24
9.5%
10.8%
Q1 24
8.7%
8.3%
Q3 23
13.4%
6.8%
EPS (diluted)
GFS
GFS
K
K
Q3 25
$0.44
$0.88
Q2 25
$0.41
$0.85
Q1 25
$0.38
$0.87
Q4 24
$1.05
Q3 24
$0.32
$1.05
Q2 24
$0.28
$1.00
Q1 24
$0.24
$0.78
Q3 23
$0.45
$0.78

Balance Sheet & Financial Strength

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

Metric
GFS
GFS
K
K
Cash + ST InvestmentsLiquidity on hand
$2.0B
$240.0M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$11.8B
$4.2B
Total Assets
$16.7B
$15.6B
Debt / EquityLower = less leverage
1.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GFS
GFS
K
K
Q3 25
$2.0B
$240.0M
Q2 25
$1.8B
$354.0M
Q1 25
$1.6B
$330.0M
Q4 24
$694.0M
Q3 24
$2.3B
$569.0M
Q2 24
$2.2B
$272.0M
Q1 24
$2.2B
$242.0M
Q3 23
$1.9B
$1.1B
Total Debt
GFS
GFS
K
K
Q3 25
$4.3B
Q2 25
$4.3B
Q1 25
$5.0B
Q4 24
$5.0B
Q3 24
$5.1B
Q2 24
$5.0B
Q1 24
$4.4B
Q3 23
$5.5B
Stockholders' Equity
GFS
GFS
K
K
Q3 25
$11.8B
$4.2B
Q2 25
$11.5B
$4.1B
Q1 25
$11.1B
$3.9B
Q4 24
$3.8B
Q3 24
$11.6B
$3.6B
Q2 24
$11.3B
$3.3B
Q1 24
$11.3B
$3.2B
Q3 23
$10.8B
$4.0B
Total Assets
GFS
GFS
K
K
Q3 25
$16.7B
$15.6B
Q2 25
$16.8B
$15.9B
Q1 25
$16.5B
$15.5B
Q4 24
$15.6B
Q3 24
$18.1B
$15.8B
Q2 24
$15.3B
Q1 24
$15.3B
Q3 23
$17.8B
$18.7B
Debt / Equity
GFS
GFS
K
K
Q3 25
1.02×
Q2 25
1.05×
Q1 25
1.28×
Q4 24
1.32×
Q3 24
1.40×
Q2 24
1.51×
Q1 24
1.40×
Q3 23
1.36×

Cash Flow & Capital Efficiency

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

Metric
GFS
GFS
K
K
Operating Cash FlowLast quarter
$595.0M
$503.0M
Free Cash FlowOCF − Capex
$359.0M
FCF MarginFCF / Revenue
11.0%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
2.39×
1.63×
TTM Free Cash FlowTrailing 4 quarters
$599.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GFS
GFS
K
K
Q3 25
$595.0M
$503.0M
Q2 25
$431.0M
$169.0M
Q1 25
$331.0M
$116.0M
Q4 24
$467.0M
Q3 24
$375.0M
$553.0M
Q2 24
$402.0M
$376.0M
Q1 24
$488.0M
$364.0M
Q3 23
$416.0M
$756.0M
Free Cash Flow
GFS
GFS
K
K
Q3 25
$359.0M
Q2 25
$21.0M
Q1 25
$-60.0M
Q4 24
$279.0M
Q3 24
$410.0M
Q2 24
$234.0M
Q1 24
$209.0M
Q3 23
$589.0M
FCF Margin
GFS
GFS
K
K
Q3 25
11.0%
Q2 25
0.7%
Q1 25
-1.9%
Q4 24
8.9%
Q3 24
12.7%
Q2 24
7.3%
Q1 24
6.5%
Q3 23
15.0%
Capex Intensity
GFS
GFS
K
K
Q3 25
4.4%
Q2 25
4.6%
Q1 25
5.7%
Q4 24
6.0%
Q3 24
4.4%
Q2 24
4.4%
Q1 24
4.8%
Q3 23
4.2%
Cash Conversion
GFS
GFS
K
K
Q3 25
2.39×
1.63×
Q2 25
1.89×
0.57×
Q1 25
1.57×
0.38×
Q4 24
1.28×
Q3 24
2.11×
1.51×
Q2 24
2.59×
1.09×
Q1 24
3.64×
1.36×
Q3 23
1.67×
2.81×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GFS
GFS

Smart Mobile Devices$752.0M45%
Automotive$306.0M18%
Home And Industrial Io T$258.0M15%
Goods Or Services Transferred Over Time$198.0M12%
Communications Infrastructure Datacenter$175.0M10%

K
K

Retail Channel Snacks$2.0B62%
Retail Channel Cereal$678.0M21%
Noodlesand Other$280.0M9%
Frozen And Specialty Channels$275.0M8%

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