Saturday 17 October 2026
Export CAG’s income statement to Excel — free account
Conagra Brands
CAG Consumer Defensive Packaged Foods
Conagra Brands' revenue for fiscal 2026 (year ended May 2026) was $11.3 billion, down 2.85% from fiscal 2025. In the quarter to August 2026, revenue fell 1.39%, EPS grew 6.97%, free cash flow fell 464.5% and total debt fell 6.20%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
14.47
0.29
+2.05%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to May
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 32.16 | 20.22 | 20.80 | 22.83 | 30.44 | 30.06 | 25.16 | 26.21 | 16.60 | 12.53 |
Analyst estimates 2027–2029 Powerpack |
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| High | 41.68 | 39.43 | 35.59 | 39.34 | 39.09 | 39.22 | 41.30 | 33.24 | 28.52 | 20.32 | |||||
| People | |||||||||||||||
| People | Employees | 12,600 | 12,400 | 18,000 | 16,500 | 18,600 | 18,000 | 18,600 | 18,500 | 18,300 | 17,400 | ||||
| Revenue/emp, $m | 0.62 | 0.64 | 0.53 | 0.67 | 0.60 | 0.64 | 0.66 | 0.65 | 0.63 | 0.65 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 7,827 | 7,938 | 9,538 | 11,054 | 11,185 | 11,536 | 12,277 | 12,051 | 11,613 | 11,282 | ||||
| Gross margin, % | 29.95 | 29.62 | 27.81 | 27.77 | 28.42 | 24.61 | 26.59 | 27.66 | 25.86 | 23.92 | |||||
| EBT | 730 | 875 | 823 | 970 | 1,410 | 1,179 | 902 | 610 | 1,156 | (1,824) | |||||
| EBT margin, % | 9.32 | 11.02 | 8.63 | 8.77 | 12.61 | 10.22 | 7.35 | 5.06 | 9.96 | (16.17) | |||||
| Net income | 648 | 812 | 678 | 842 | 1,301 | 888 | 683 | 348 | 1,153 | (1,916) | |||||
| Depreciation | 268 | 257 | 333 | 389 | 388 | 375 | 370 | 401 | 390 | 396 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 18.12 | 19.65 | 21.48 | 22.69 | 23.02 | 24.02 | 25.64 | 25.18 | 24.28 | 23.55 | ||||
| Earnings | 1.48 | 2.00 | 1.53 | 1.72 | 2.67 | 1.85 | 1.43 | 0.73 | 2.41 | (4.00) | |||||
| Cash flow | 2.71 | 2.36 | 2.53 | 3.78 | 3.02 | 2.45 | 2.08 | 4.21 | 3.54 | 2.93 | |||||
| Capex | (0.53) | (0.60) | (0.74) | (0.73) | (1.04) | (0.92) | (0.75) | (0.81) | (0.81) | (0.80) | |||||
| Free cash flow | 2.18 | 1.76 | 1.79 | 3.05 | 1.98 | 1.53 | 1.33 | 3.40 | 2.73 | 2.12 | |||||
| Book value | 9.44 | 9.30 | 16.81 | 16.32 | 17.77 | 18.45 | 18.39 | 17.78 | 18.68 | 13.27 | |||||
| Shares, m | 432 | 404 | 444 | 487 | 486 | 480 | 479 | 479 | 478 | 479 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 26.04 | 18.44 | 17.61 | 20.19 | 14.35 | 17.88 | 24.22 | 40.93 | 9.44 | 0.00 | ||||
| P/S | 2.13 | 1.89 | 1.25 | 1.53 | 1.66 | 1.37 | 1.36 | 1.19 | 0.94 | 0.56 | |||||
| P/B | 4.08 | 3.98 | 1.59 | 2.13 | 2.15 | 1.78 | 1.90 | 1.68 | 1.22 | 0.99 | |||||
| EV/Sales | 2.47 | 2.32 | 2.34 | 2.36 | 2.39 | 2.12 | 2.05 | 1.80 | 1.56 | 1.18 | |||||
| EV/FCF | 20.90 | 26.42 | 28.62 | 17.74 | 28.20 | 34.13 | 40.55 | 13.47 | 14.00 | 13.26 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 1,170 | 954 | 1,126 | 1,843 | 1,468 | 1,177 | 995 | 2,016 | 1,692 | 1,402 | ||||
| Capex | (229) | (244) | (331) | (355) | (504) | (444) | (359) | (387) | (386) | (384) | |||||
| Free cash flow | 941 | 711 | 795 | 1,487 | 964 | 733 | 636 | 1,628 | 1,306 | 1,018 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 293 | (397) | 591 | (401) | (604) | (485) | (1,056) | (92) | (1,246) | (306) | ||||
| Total debt | 2,968 | 3,539 | 10,676 | 9,746 | 8,298 | 8,796 | 8,597 | 7,513 | 7,263 | 7,234 | |||||
| Net debt | 2,717 | 3,411 | 10,440 | 9,193 | 8,219 | 8,712 | 8,504 | 7,435 | 7,195 | 7,016 | |||||
| Shareholders’ equity | 4,078 | 3,757 | 7,464 | 7,951 | 8,631 | 8,862 | 8,807 | 8,511 | 8,933 | 6,358 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 5.44 | 7.89 | 4.16 | 3.77 | 5.84 | 3.98 | 3.07 | 1.62 | 5.51 | (10.03) | ||||
| ROIC | 8.51 | 9.01 | 4.24 | 5.31 | 6.79 | 5.03 | 3.88 | 3.34 | 5.29 | (7.61) | |||||
| ROE | 16.24 | 20.64 | 12.09 | 10.90 | 15.67 | 10.15 | 7.74 | 4.01 | 13.21 | (25.06) | |||||
Negative figures in brackets.
Fiscal years to May 2026 · latest quarter Aug 2026 · fundamentals updated 6 Oct 2026
Charts ten years each
Conagra Brands vs peers in Packaged Foods (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MICC The Magnum Ice Cream Company N.V. | $11.3B | — | — | — | — | — | — | — | Compare |
| HRL Hormel Foods Corporation | $11.1B | 32.4× | 16.1× | −2.36% (below 0%: shrinking) | −66.67% (below 0%: shrinking) | +107.16% (above 0%: growing) | 15.92% | 2.49% | Compare |
| DAR Darling Ingredients Inc. | $9.6B | 16.3× | 13.8× | +16.37% (above 0%: growing) | +2,950.00% (above 0%: growing) | +428.22% (above 0%: growing) | 29.20% | 32.20% | Compare |
| LW Lamb Weston | $7.5B | 28.9× | 14.4× | +0.66% (above 0%: growing) | −54.02% (below 0%: shrinking) | −47.29% (below 0%: shrinking) | 15.96% | 4.92% | Compare |
| SFD Smithfield Foods, Inc. | $7.3B | 6.9× | 10.0× | −2.27% (below 0%: shrinking) | +27.08% (above 0%: growing) | −1.54% (below 0%: shrinking) | 12.95% | 7.86% | Compare |
| PPC Pilgrim's Pride Corporation | $6.9B | 12.8× | 8.9× | −2.76% (below 0%: shrinking) | −96.00% (below 0%: shrinking) | −67.46% (below 0%: shrinking) | 7.34% | 1.43% | Compare |
| CAG Conagra Brands | $6.8B | — (loss-making) | 8.2× | −1.39% (below 0%: shrinking) | +6.97% (above 0%: growing) | −464.50% (below 0%: shrinking) | 23.83% | 10.34% | |
| INGR Ingredion Incorporated | $6.1B | 10.5× | 9.5× | +0.93% (above 0%: growing) | −40.79% (below 0%: shrinking) | +34.38% (above 0%: growing) | 23.03% | 10.16% | Compare |
| CPB The Campbell's Company | $5.9B | 14.8× | 10.7× | −7.93% (below 0%: shrinking) | n/m | +5.43% (above 0%: growing) | 27.28% | 0.19% | Compare |
| Median of peers | $7.4B | 14.8× | 10.7× | −2.27% | −47.40% | +5.43% | 15.96% | 4.92% |
Conagra Brands (CAG) key facts
- Concern: Conagra Brands' revenue for fiscal 2026 (year ended May 2026) was $11.3 billion, down 2.85% from fiscal 2025.
- Concern: Conagra Brands reported a net loss of $1.9 billion, or a loss of $4.00 per share, for fiscal 2026.
- Conagra Brands (CAG) is a Packaged Foods company in the Consumer Defensive sector, listed on the New York Stock Exchange.
- As of October 16, 2026, CAG traded at $14.47, a market capitalization of $6.8 billion.
- Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.6× sales.
- Conagra Brands pays an annual dividend of $1.23 per share, a yield of 8.47%.
- Return on equity was −25.1% and debt-to-equity 1.21.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.01 (distress zone) for fiscal 2026.
Conagra Brands (CAG) Latest News
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