Conagra Brands vs Campbell's
Conagra Brands is the larger business, with $11.28bn of revenue in fiscal 2026 against $9.74bn for Campbell's (1.2 times as much). Conagra Brands grew faster (-2.9% against -5.0%). Campbell's kept more of each dollar of sales as profit: a net margin of 4.1% against -17.0%.
| Latest fiscal year | Conagra BrandsCAG, 2026 | Campbell'sCPB, 2026 |
|---|---|---|
| Revenue | $11.28bn | $9.74bn |
| Revenue growth | -2.9% | -5.0% |
| Net income | −$1.92bn | $403m |
| Operating margin | — | 8.7% |
| Net margin | -17.0% | 4.1% |
| Return on equity | -25.1% | 10.4% |
| Free cash flow | $979m | $678m |
| Cash | $218m | $394m |
| Total debt | $7.27bn | $7.14bn |
| Debt to equity | — | 185.4% |
| Dividend per share | $1.40 | $1.56 |
| Dividend yield | 9.4% | 7.0% |
| Share buybacks | $15.3m | $26.0m |
| Employees | 18,600 | 13,500 |
| Market value | $6.92bn | $6.64bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 53 (Moderate) | 62 (Moderate) |
| Insider trades, 12 months | 3 buys, 1 sales | 1 buys, 2 sales |