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Side-by-side financial comparison of Kellanova (K) and LESAKA TECHNOLOGIES INC (LSAK). Click either name above to swap in a different company.

Kellanova is the larger business by last-quarter revenue ($3.3B vs $3.0B, roughly 1.1× LESAKA TECHNOLOGIES INC). Kellanova runs the higher net margin — 9.5% vs 0.0%, a 9.5% gap on every dollar of revenue. On growth, Kellanova posted the faster year-over-year revenue change (0.8% vs 0.2%). Over the past eight quarters, LESAKA TECHNOLOGIES INC's revenue compounded faster (341.6% CAGR vs -9.0%).

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.

Lesaka Technologies is a South-African financial technology company that is listed on the NASDAQ and Johannesburg Stock Exchange. Lesaka’s primary focus is on financial inclusion, offering financial services to previously underserved communities and merchants.

K vs LSAK — Head-to-Head

Bigger by revenue
K
K
1.1× larger
K
$3.3B
$3.0B
LSAK
Growing faster (revenue YoY)
K
K
+0.6% gap
K
0.8%
0.2%
LSAK
Higher net margin
K
K
9.5% more per $
K
9.5%
0.0%
LSAK
Faster 2-yr revenue CAGR
LSAK
LSAK
Annualised
LSAK
341.6%
-9.0%
K

Income Statement — Q3 FY2025 vs Q1 FY2027

Metric
K
K
LSAK
LSAK
Revenue
$3.3B
$3.0B
Net Profit
$309.0M
$437.0K
Gross Margin
33.3%
Operating Margin
13.9%
2.2%
Net Margin
9.5%
0.0%
Revenue YoY
0.8%
0.2%
Net Profit YoY
-15.8%
EPS (diluted)
$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
K
K
LSAK
LSAK
Q3 26
$3.0B
Q2 26
$3.1B
Q4 25
$178.7M
Q3 25
$3.3B
$171.4M
Q2 25
$3.2B
$168.5M
Q1 25
$3.1B
$161.4M
Q4 24
$3.1B
$176.2M
Q3 24
$3.2B
$153.6M
Net Profit
K
K
LSAK
LSAK
Q3 26
$437.0K
Q2 26
$3.6M
Q4 25
$3.6M
Q3 25
$309.0M
$-4.3M
Q2 25
$299.0M
$-28.4M
Q1 25
$304.0M
$-22.1M
Q4 24
$365.0M
$-32.5M
Q3 24
$367.0M
$-4.5M
Gross Margin
K
K
LSAK
LSAK
Q3 26
Q2 26
Q4 25
31.4%
Q3 25
33.3%
30.9%
Q2 25
34.0%
28.9%
Q1 25
34.3%
27.5%
Q4 24
37.7%
25.7%
Q3 24
36.4%
22.6%
Operating Margin
K
K
LSAK
LSAK
Q3 26
2.2%
Q2 26
1.2%
Q4 25
1.2%
Q3 25
13.9%
0.2%
Q2 25
13.7%
-16.7%
Q1 25
13.9%
0.4%
Q4 24
17.0%
0.3%
Q3 24
14.1%
-0.0%
Net Margin
K
K
LSAK
LSAK
Q3 26
0.0%
Q2 26
0.1%
Q4 25
2.0%
Q3 25
9.5%
-2.5%
Q2 25
9.3%
-16.9%
Q1 25
9.9%
-13.7%
Q4 24
11.7%
-18.4%
Q3 24
11.4%
-3.0%
EPS (diluted)
K
K
LSAK
LSAK
Q3 26
Q2 26
Q4 25
$0.04
Q3 25
$0.88
$-0.05
Q2 25
$0.85
$-0.40
Q1 25
$0.87
$-0.27
Q4 24
$1.05
$-0.40
Q3 24
$1.05
$-0.07

Balance Sheet & Financial Strength

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

Metric
K
K
LSAK
LSAK
Cash + ST InvestmentsLiquidity on hand
$240.0M
$1.5B
Total DebtLower is stronger
$4.3B
$3.2B
Stockholders' EquityBook value
$4.2B
Total Assets
$15.6B
$11.5B
Debt / EquityLower = less leverage
1.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
K
K
LSAK
LSAK
Q3 26
$1.5B
Q2 26
$1.2B
Q4 25
$69.5M
Q3 25
$240.0M
$72.2M
Q2 25
$354.0M
$76.5M
Q1 25
$330.0M
$71.0M
Q4 24
$694.0M
$60.6M
Q3 24
$569.0M
$49.7M
Total Debt
K
K
LSAK
LSAK
Q3 26
$3.2B
Q2 26
$3.4B
Q4 25
$216.8M
Q3 25
$4.3B
$208.1M
Q2 25
$4.3B
$200.8M
Q1 25
$5.0B
$194.7M
Q4 24
$5.0B
$148.7M
Q3 24
$5.1B
$148.5M
Stockholders' Equity
K
K
LSAK
LSAK
Q3 26
Q2 26
Q4 25
$180.6M
Q3 25
$4.2B
$170.4M
Q2 25
$4.1B
$161.6M
Q1 25
$3.9B
$185.2M
Q4 24
$3.8B
$193.3M
Q3 24
$3.6B
$184.2M
Total Assets
K
K
LSAK
LSAK
Q3 26
$11.5B
Q2 26
$11.7B
Q4 25
$704.6M
Q3 25
$15.6B
$652.9M
Q2 25
$15.9B
$653.7M
Q1 25
$15.5B
$649.2M
Q4 24
$15.6B
$640.6M
Q3 24
$15.8B
$551.9M
Debt / Equity
K
K
LSAK
LSAK
Q3 26
Q2 26
Q4 25
1.20×
Q3 25
1.02×
1.22×
Q2 25
1.05×
1.24×
Q1 25
1.28×
1.05×
Q4 24
1.32×
0.77×
Q3 24
1.40×
0.81×

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
K
K
LSAK
LSAK
Q3 26
Q2 26
Q4 25
$-10.9M
Q3 25
$503.0M
$8.9M
Q2 25
$169.0M
$-9.1M
Q1 25
$116.0M
$10.7M
Q4 24
$467.0M
$-9.2M
Q3 24
$553.0M
$-4.1M
Free Cash Flow
K
K
LSAK
LSAK
Q3 26
Q2 26
Q4 25
$-14.8M
Q3 25
$359.0M
$4.9M
Q2 25
$21.0M
$-13.2M
Q1 25
$-60.0M
$7.8M
Q4 24
$279.0M
$-15.5M
Q3 24
$410.0M
$-8.1M
FCF Margin
K
K
LSAK
LSAK
Q3 26
Q2 26
Q4 25
-8.3%
Q3 25
11.0%
2.9%
Q2 25
0.7%
-7.8%
Q1 25
-1.9%
4.9%
Q4 24
8.9%
-8.8%
Q3 24
12.7%
-5.3%
Capex Intensity
K
K
LSAK
LSAK
Q3 26
Q2 26
Q4 25
2.2%
Q3 25
4.4%
2.3%
Q2 25
4.6%
2.4%
Q1 25
5.7%
1.7%
Q4 24
6.0%
3.6%
Q3 24
4.4%
2.6%
Cash Conversion
K
K
LSAK
LSAK
Q3 26
Q2 26
Q4 25
-2.99×
Q3 25
1.63×
Q2 25
0.57×
Q1 25
0.38×
Q4 24
1.28×
Q3 24
1.51×

Financial Flow Comparison

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

Revenue Breakdown by Segment

K
K

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

LSAK
LSAK

Segment breakdown not available.

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