Conagra Brands vs Campbell's
Conagra Brands reported revenue of $11.3 billion in fiscal 2026, 1.2 times Campbell's $9.7 billion in fiscal 2026. Conagra Brands' revenue fell 2.9% in its latest year, and Campbell's fell 5.0%. Conagra Brands had an operating margin of -14.4%, against 8.7% at Campbell's. Free cash flow was $979 million at Conagra Brands and $678 million at Campbell's. Their fiscal years end in different months (May 31 and August 2), so the periods don't line up exactly.
Side by side
| Conagra Brands | Campbell's | |
|---|---|---|
| Latest fiscal year | FY2026, May 31, 2026 | FY2026, Aug 2, 2026 |
| Revenue | $11.3B | $9.7B |
| Revenue growth | −2.9% | −5.0% |
| Revenue growth a year, last 5 years | 0.2% | 2.8% |
| Gross margin | 23.9% | 28.1% |
| Operating margin | −14.4% | 8.7% |
| Net margin | −17.0% | 4.1% |
| Free cash flow | $979M | $678M |
| Free cash flow margin | 8.7% | 7.0% |
| Return on capital | −8.3% | 6.2% |
| Net debt to EBITDA | — | 5.3x |
| Dividends and buybacks | $685M | $496M |
| Change in diluted share count | −0.1% | 0.0% |
| Last close | $14.58 | $20.63 |
| P/E at the last close | — | 15.7× |
| Insider trades, last 12 months | bought $1.1 million, sold $223,659 | bought $6,435, sold $396,709 |
| Piotroski F-score | 5 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Conagra BrandsCampbell's
Operating margin
Percent of revenue
Conagra BrandsCampbell's
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Conagra BrandsCampbell's
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Conagra Brands and Campbell's pages.