How do Kellanova and Altria compare by revenue?

Kellanova reported revenue of $3.3B in Q3 2025, while Altria reported $5.8B in Q4 2025. Altria is 1.8× larger by last-quarter revenue.

Which is growing revenue faster, Kellanova or Altria?

Kellanova's latest revenue grew 0.8% year-over-year, versus -2.1% for Altria. Kellanova is growing faster on a YoY basis.

Which has a higher gross margin, Kellanova or Altria?

Kellanova's gross margin is 33.3% vs Altria's 62.1%. Altria converts more of each revenue dollar into gross profit.

Which has a higher net margin, Kellanova or Altria?

Kellanova's net margin is 9.5% vs Altria's 19.1%. Altria has the higher bottom-line margin.

Which generates more free cash flow, Kellanova or Altria?

Kellanova generated $359.0M of free cash flow last quarter, versus $3.2B for Altria. Free cash flow is operating cash flow minus capital expenditure — what's actually left for dividends, buybacks and debt repayment.

What is the 2-year revenue CAGR for Kellanova vs Altria?

Over the trailing 8 quarters, Kellanova compounded revenue at roughly -9.0% per year, versus 2.4% for Altria. Altria has the faster medium-term growth trajectory.

Where does this K vs MO data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Kellanova (K) and Altria (MO), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Altria is the larger business by last-quarter revenue ($5.8B vs $3.3B, roughly 1.8× Kellanova). Altria runs the higher net margin — 9.5% vs 19.1%, a 9.6% gap on every dollar of revenue. On growth, Kellanova posted the faster year-over-year revenue change (0.8% vs -2.1%). Altria produced more free cash flow last quarter ($3.2B vs $359.0M). Over the past eight quarters, Altria's revenue compounded faster (2.4% CAGR vs -9.0%).

KellanovaKEarnings & Financial Report

Consumer Staples · Packaged Foods & Meats

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.

AltriaMOEarnings & Financial Report

NYSE · Consumer Staples · Tobacco

Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company provides cigarettes primarily under the Marlboro brand; cigars and pipe tobacco principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as provides on! oral nicotine pouches. It sells its tobacco products primarily to wholesalers, including distributors; and large retai...

K vs MO — Head-to-Head

Bigger by revenue

1.8× larger

$5.8B

$3.3B

Growing faster (revenue YoY)

+3.0% gap

0.8%

-2.1%

Higher net margin

9.6% more per $

19.1%

9.5%

More free cash flow

$2.8B more FCF

$3.2B

$359.0M

Faster 2-yr revenue CAGR

Annualised

2.4%

-9.0%

Income Statement — Q3 2025 vs Q4 2025

Metric	K	MO
Revenue	$3.3B	$5.8B
Net Profit	$309.0M	$1.1B
Gross Margin	33.3%	62.1%
Operating Margin	13.9%	28.2%
Net Margin	9.5%	19.1%
Revenue YoY	0.8%	-2.1%
Net Profit YoY	-15.8%	-63.2%
EPS (diluted)	$0.88	$0.67

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue

Q4 25	—	$5.8B
Q3 25	$3.3B	$6.1B
Q2 25	$3.2B	$6.1B
Q1 25	$3.1B	$5.3B
Q4 24	$3.1B	$6.0B
Q3 24	$3.2B	$6.3B
Q2 24	$3.2B	$6.2B
Q1 24	$3.2B	$5.6B

Net Profit

Q4 25	—	$1.1B
Q3 25	$309.0M	$2.4B
Q2 25	$299.0M	$2.4B
Q1 25	$304.0M	$1.1B
Q4 24	$365.0M	$3.0B
Q3 24	$367.0M	$2.3B
Q2 24	$344.0M	$3.8B
Q1 24	$267.0M	$2.1B

Gross Margin

Q4 25	—	62.1%
Q3 25	33.3%	62.8%
Q2 25	34.0%	63.1%
Q1 25	34.3%	61.8%
Q4 24	37.7%	60.3%
Q3 24	36.4%	60.8%
Q2 24	36.4%	59.2%
Q1 24	32.2%	58.8%

Operating Margin

Q4 25	—	28.2%
Q3 25	13.9%	53.2%
Q2 25	13.7%	52.9%
Q1 25	13.9%	34.0%
Q4 24	17.0%	48.2%
Q3 24	14.1%	50.4%
Q2 24	15.4%	40.8%
Q1 24	12.3%	48.0%

Net Margin

Q4 25	—	19.1%
Q3 25	9.5%	39.1%
Q2 25	9.3%	39.0%
Q1 25	9.9%	20.5%
Q4 24	11.7%	50.9%
Q3 24	11.4%	36.6%
Q2 24	10.8%	61.2%
Q1 24	8.3%	38.2%

EPS (diluted)

Q4 25	—	$0.67
Q3 25	$0.88	$1.41
Q2 25	$0.85	$1.41
Q1 25	$0.87	$0.63
Q4 24	$1.05	$1.78
Q3 24	$1.05	$1.34
Q2 24	$1.00	$2.21
Q1 24	$0.78	$1.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric	K	MO
Cash + ST InvestmentsLiquidity on hand	$240.0M	$4.5B
Total DebtLower is stronger	$4.3B	$25.7B
Stockholders' EquityBook value	$4.2B	$-3.5B
Total Assets	$15.6B	$35.0B
Debt / EquityLower = less leverage	1.02×	—

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments

Q4 25	—	$4.5B
Q3 25	$240.0M	$3.5B
Q2 25	$354.0M	$1.3B
Q1 25	$330.0M	$4.7B
Q4 24	$694.0M	$3.1B
Q3 24	$569.0M	$1.9B
Q2 24	$272.0M	$1.8B
Q1 24	$242.0M	$3.6B

Total Debt

Q4 25	—	$25.7B
Q3 25	$4.3B	$25.7B
Q2 25	$4.3B	$24.7B
Q1 25	$5.0B	$26.1B
Q4 24	$5.0B	$24.9B
Q3 24	$5.1B	$25.2B
Q2 24	$5.0B	$25.0B
Q1 24	$4.4B	$25.0B

Stockholders' Equity

Q4 25	—	$-3.5B
Q3 25	$4.2B	$-2.6B
Q2 25	$4.1B	$-3.3B
Q1 25	$3.9B	$-3.5B
Q4 24	$3.8B	$-2.2B
Q3 24	$3.6B	$-3.5B
Q2 24	$3.3B	$-3.0B
Q1 24	$3.2B	$-5.1B

Total Assets

Q4 25	—	$35.0B
Q3 25	$15.6B	$35.0B
Q2 25	$15.9B	$32.3B
Q1 25	$15.5B	$35.8B
Q4 24	$15.6B	$35.2B
Q3 24	$15.8B	$34.2B
Q2 24	$15.3B	$34.4B
Q1 24	$15.3B	$36.5B

Debt / Equity

Q4 25	—	—
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×	—

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric	K	MO
Operating Cash FlowLast quarter	$503.0M	$3.3B
Free Cash FlowOCF − Capex	$359.0M	$3.2B
FCF MarginFCF / Revenue	11.0%	54.4%
Capex IntensityCapex / Revenue; lower = less reinvestment burden	4.4%	1.6%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash	1.63×	2.93×
TTM Free Cash FlowTrailing 4 quarters	$599.0M	$9.1B

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow

Q4 25	—	$3.3B
Q3 25	$503.0M	$3.1B
Q2 25	$169.0M	$205.0M
Q1 25	$116.0M	$2.7B
Q4 24	$467.0M	$3.3B
Q3 24	$553.0M	$2.6B
Q2 24	$376.0M	$-75.0M
Q1 24	$364.0M	$2.9B

Free Cash Flow

Q4 25	—	$3.2B
Q3 25	$359.0M	$3.0B
Q2 25	$21.0M	$173.0M
Q1 25	$-60.0M	$2.7B
Q4 24	$279.0M	$3.3B
Q3 24	$410.0M	$2.6B
Q2 24	$234.0M	$-104.0M
Q1 24	$209.0M	$2.8B

FCF Margin

Q4 25	—	54.4%
Q3 25	11.0%	50.1%
Q2 25	0.7%	2.8%
Q1 25	-1.9%	51.0%
Q4 24	8.9%	55.1%
Q3 24	12.7%	41.2%
Q2 24	7.3%	-1.7%
Q1 24	6.5%	51.0%

Capex Intensity

Q4 25	—	1.6%
Q3 25	4.4%	0.9%
Q2 25	4.6%	0.5%
Q1 25	5.7%	0.7%
Q4 24	6.0%	0.8%
Q3 24	4.4%	0.5%
Q2 24	4.4%	0.5%
Q1 24	4.8%	0.6%

Cash Conversion

Q4 25	—	2.93×
Q3 25	1.63×	1.30×
Q2 25	0.57×	0.09×
Q1 25	0.38×	2.53×
Q4 24	1.28×	1.10×
Q3 24	1.51×	1.14×
Q2 24	1.09×	-0.02×
Q1 24	1.36×	1.35×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.