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The Campbell's Company

CPB Consumer Defensive Packaged Foods

The Campbell's Company’s revenue for fiscal 2026 (year ended July 2026) was $9.7 billion, down 4.96% from fiscal 2025.

Revenue
−7.93%
EPS
−144.9%
Free cash flow
+5.43%
Total debt
+1.07%

Quarter to July 2026, against a year earlier

23.46 0.20 +0.86%
Market cap
$7.0B
P/E
17.5×
Fwd P/E
12.5×
Dividend yield
6.05%
F-score
6/9
Altman Z
1.50
Beneish M
−2.64
Dividend safety
18/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2026

  • Meals & Beverages
  • Snacks

Every year since 2017 →

Insider Decisions last twelve months

Bought, $m 0.01
Sold, $m 0.40
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — 1 — — — — —
Sell 1 1 — — — — — — — — — —
Insider Ownership 34.89%

Capital & Financial Ratios $m

Size
Market Cap 6,990.00
Revenue ttm 9,744.00
Net income ttm 405.00
Free cash flow ttm 678.00
Net debt Q 5,766.00
Valuation
P/E 17.51
Forward P/E 12.50
Price / sales 0.72
Forward P/S Powerpack
Price / FCF 10.31
Price / book 1.81
Financial health
Current ratio Q 0.82 (below 1: weak)
Debt / equity Q 1.60
Interest coverage Q 0.05
Growth
Revenue growth Q −7.93% (below 0%: shrinking)
Operating income growth Q −98.51% (below 0%: shrinking)
EPS, this year −22.03% (below 0%: weak)
EPS, next year A +7.12%
Revenue, next year A −2.52% (below 0%: weak)
EPS, past 5 yrs −16.82% (below 0%: weak)
EPS, next 5 yrs A −4.56% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.3×, against a ten-year median of 2.1×; over the ten years it ranged from 1.2× in 2026 to 2.9× in 2016.
P/E against its own 10 years 46.77%
10-year low 10-year high
P/S against its own 10 years 5.83%
10-year low 10-year high
P/B against its own 10 years 5.83%
10-year low 10-year high
EV/Sales against its own 10 years 5.83%
10-year low 10-year high
EV/FCF against its own 10 years 32.97%
10-year low 10-year high

Dividends

Yield
6.05%
Annual rate
1.42
Payout ratio
108.4%
Growth, 2018–26
+0.18%/yr
  1. 1.40 ’18
  2. 1.40 ’19 +0
  3. 1.40 ’20 +0
  4. 1.48 ’21 +6
  5. 1.48 ’22 +0
  6. 1.48 ’23 +0
  7. 1.48 ’24 +0
  8. 1.56 ’25 +5
  9. 1.42 ’26 −9
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 189 108 132 394
Receivables 529 630 583 578
Inventory 1,291 1,386 1,424 1,612
Other 52 66 93 136
2,061 2,190 2,232 2,720
2023 2024 2025 2026
Payables 1,306 1,311 1,332 1,377
ST’ Debt — — — —
Other — — — —
2,222 3,576 2,906 3,336

Compound Annual Growth %

10y 5y 3y
Sales 2.04% 2.83% 1.36%
Cash Flow (3.55%) 0.08% (3.13%)
Earnings (3.29%) (16.65%) (22.27%)
Book Value 9.65% 4.08% 1.69%

Earnings Trends EPS, adjusted, against the consensus

Q4 FY26 Estimate 0.40 Actual 0.39

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY26 0.73 0.77 Beat by 0.04
Q2 FY26 0.57 0.51 Miss by 0.06
Q3 FY26 0.48 0.50 Beat by 0.02
Q4 FY26 0.40 0.39 Miss by 0.01
Q1 FY27 0.44 — Reports 8 December 2026

EPS $

Oct Jan Apr Jul Year
’26 — — — — —
’26 0.65 0.48 0.41 (0.23) 1.31
’25 0.72 0.58 0.22 0.48 2.01
’24 0.78 0.68 0.44 (0.01) 1.89
’23 0.99 0.77 0.53 0.57 2.85
’22 0.86 0.70 0.62 0.32 2.51
’21 1.02 0.80 0.52 0.95 3.29
Fiscal quarters ending in the months shown.

Revenue $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 2,677 2,564 2,366 2,137 9,744
’25 2,772 2,685 2,475 2,321 10,253
’24 2,518 2,456 2,369 2,293 9,636
’23 2,575 2,485 2,229 2,068 9,357
’22 2,236 2,209 2,130 1,987 8,562
’21 2,340 2,279 1,984 1,873 8,476
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 224 516 99 200 1,039
’25 225 512 135 259 1,131
’24 174 510 213 288 1,185
’23 227 505 186 225 1,143
’22 288 478 335 80 1,181
’21 180 431 270 154 1,035
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 97 416 29 136 678
’25 115 411 50 129 705
’24 31 390 100 147 668
’23 150 427 84 112 773
’22 219 418 285 17 939
’21 106 373 212 69 760
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 6.0% a year for ten years. It grew −4.8% a year over the last ten.

Implied
6.0%
10 years, reported
−4.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

3.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to July

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 5,837 6,615 8,107 8,691 8,476 8,562 9,357 9,636 10,253 9,744 +5.9% 9,498 9,468 9,558 (0.6%)
Gross margin, % 41.84 35.89 33.22 34.51 33.16 30.68 31.17 30.83 30.42 28.14 (13.7) pt
EBT 1,316 830 625 766 1,336 975 1,128 757 796 529 (9.6%)
EBT margin, % 22.55 12.55 7.71 8.81 15.76 11.39 12.06 7.86 7.76 5.43 (17.1) pt
Net income 887 261 211 1,628 1,002 757 858 567 602 405 (8.3%)
Per share, $
Per share, $ Revenue 19.14 21.98 26.93 28.78 27.97 28.45 31.29 32.34 34.41 32.70 +6.1%
Earnings 2.91 0.87 0.70 5.39 3.31 2.51 2.87 1.90 2.02 1.34 (8.3%)
Cash flow 4.22 4.34 4.64 4.62 3.42 3.92 3.82 3.98 3.80 3.49 (2.1%)
Capex (1.11) (1.35) (1.28) (0.99) (0.91) (0.80) (1.24) (1.73) (1.43) (1.21) +1.0%
Free cash flow 3.11 2.98 3.37 3.63 2.51 3.12 2.59 2.24 2.37 2.28 (3.4%)
Book value 5.39 4.56 3.69 8.51 10.41 11.07 12.25 12.74 13.10 12.93 +10.2%
Shares, m 305 301 301 302 303 301 299 298 298 298 (0.3%)
Valuation, ×
Valuation, × P/E 18.15 47.56 59.91 9.20 13.08 19.83 15.91 24.53 15.80 16.40 24.0
P/S 2.03 1.46 1.53 1.72 1.55 1.74 1.46 1.45 0.93 0.67 1.5
P/B 9.73 8.97 11.19 5.83 4.16 4.48 3.74 3.68 2.44 1.70 5.6
EV/Sales 2.31 2.40 2.41 2.20 2.13 2.20 1.92 2.04 1.51 1.26 2.0
EV/FCF 19.14 22.55 19.25 17.42 23.77 20.03 23.30 29.37 21.95 18.17 21.5
Cash, $m
Cash, $m Operating cash flow 1,288 1,305 1,398 1,396 1,035 1,181 1,143 1,185 1,131 1,039 (2.4%)
Capex (338) (407) (384) (299) (275) (242) (370) (517) (426) (361) +0.7%
Free cash flow 950 898 1,014 1,097 760 939 773 668 705 678 (3.7%)
Balance, $m
Balance, $m Working capital (495) (1,298) (1,418) (690) (119) (923) (161) (1,386) (674) (616) +2.5%
Net debt 2,180 7,942 7,072 4,135 4,941 3,887 4,309 5,653 5,963 5,766 +11.4%
Shareholders’ equity 1,645 1,373 1,112 2,569 3,154 3,333 3,663 3,796 3,904 3,852 +9.9%
Returns, %
Returns, % ROA 11.40 2.35 1.52 12.76 8.31 6.41 7.16 4.15 4.00 2.64 (8.8) pt
ROIC 23.38 6.78 7.48 10.32 11.93 10.07 10.29 6.61 7.12 5.54 (17.8) pt
ROE 55.82 17.30 16.98 88.45 35.02 23.34 24.53 15.20 15.64 10.39 (45.4) pt
People
People Employees 18,000 23,000 19,000 14,500 14,100 14,700 14,500 14,400 13,700 13,500 (3.1%)
Revenue/emp, $m 0.32 0.29 0.43 0.60 0.60 0.58 0.65 0.67 0.75 0.72 +9.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jul 2026 · latest quarter Jul 2026 · fundamentals updated 2 Oct 2026

Business profile

Updated

The Campbell’s Company makes and markets branded food and beverages, including soups, sauces, crackers, cookies, chips and juices. Its products reach consumers through grocery stores, mass merchandisers, club stores, e-commerce and other outlets. It also sells products to foodservice customers.

Campbell’s organizes its business into two segments. Meals & Beverages includes Campbell’s soups, Swanson broth and stocks, Prego and Rao’s pasta sauces, SpaghettiOs pasta and V8 beverages. It also includes some snacking products sold through foodservice and in Canada, as well as retail snacking and meals and beverages in Latin America.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Meals & Beverages 5,928 60.84%
Snacks 3,816 39.16%
Gross margin 28.14%
Operating margin 8.74%
Pre-tax margin 5.43%

Revenue by segment since 2017

The Campbell's Company 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
HRL Hormel Foods Corporation $12.4B 35.8× 16.8× −2.36% (below 0%: shrinking) −66.67% (below 0%: shrinking) +107.16% (above 0%: growing) 15.92% 2.49% Compare
MICC The Magnum Ice Cream Company N.V. $12.3B — — — — — — — Compare
DAR Darling Ingredients Inc. $8.0B 9.5× 8.2× +14.52% (above 0%: growing) +1,323.67% (above 0%: growing) +428.22% (above 0%: growing) 26.66% 18.61% Compare
SFD Smithfield Foods, Inc. $7.7B 8.5× 10.5× −8.27% (below 0%: shrinking) −63.32% (below 0%: shrinking) +160.00% (above 0%: growing) 9.11% 3.70% Compare
LW Lamb Weston $7.6B 29.9× 20.3× +0.66% (above 0%: growing) −54.35% (below 0%: shrinking) −47.29% (below 0%: shrinking) 15.96% 4.92% Compare
CAG Conagra Brands $7.4B — (loss-making) 10.2× −1.39% (below 0%: shrinking) +5.88% (above 0%: growing) −464.50% (below 0%: shrinking) 23.83% 10.34% Compare
CPB The Campbell's Company $7.0B 17.5× 12.5× −7.93% (below 0%: shrinking) n/m +5.43% (above 0%: growing) 27.28% 0.19%
PPC Pilgrim's Pride Corporation $6.8B 21.3× 20.3× −2.23% (below 0%: shrinking) −65.97% (below 0%: shrinking) −101.15% (below 0%: shrinking) 7.17% 4.12% Compare
INGR Ingredion Incorporated $6.1B 10.4× 10.3× +0.93% (above 0%: growing) −40.79% (below 0%: shrinking) +34.38% (above 0%: growing) 23.03% 10.16% Compare
Median of peers $7.7B 15.8× 10.5× −1.39% −54.35% +34.38% 15.96% 4.92%

All 68 Packaged Foods stocks →

From the latest earnings call

Updated

  • CEO Mick Beekhuizen said the Snacks plan focuses on core consumers, brand support and product availability, while CFO Todd Cunfer expects first-quarter sales to decline by high single digits.
  • Cunfer said pricing should contribute from the second quarter, while cost savings build later in the year and first-quarter gross margin declines significantly.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 61.96%
Held by the ten largest 35.83%
Holder Shares Stake Change
BlackRock 29.23m 9.80% +12.11m
Vanguard 23.38m 7.84% −1.59m
Dimensional Fund Advisors 8.55m 2.87% −1.68m
Two Sigma 8.05m 2.70% +94.91k
State Street 7.78m 2.61% −4.73m
UBS 7.23m 2.42% +753.75k
Morgan Stanley 7.08m 2.37% +659.72k
BRANDES INVESTMENT PARTNERS, LP 6.33m 2.12% +6.17m
Goldman Sachs 4.94m 1.66% +2.94m
LSV ASSET MANAGEMENT 4.27m 1.43% −368.00k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 7 October 2026

Ownership

Directors and executive officers, together 20.55%
Mary Alice D. Malone, Jr. (d) 18.03%
Bennett DorranceDMB Associates6263 N. Scottsdale Road, Suite 15.06%
The Mary Alice Dorrance Malone Revocable Trust605 Main StreetRiverton, NJ 10.22%
BlackRock, Inc.50 Hudson YardsNew York, NY 9.09%
The Vanguard Group100 Vanguard Blvd.Malvern, PA 7.86%
Contango Limited LP 6.18%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

The Campbell's Company (CPB) Latest News

29 Oct

Impact 3 · · StockStory

27 Oct

Impact 3 · · The Motley Fool
Impact 3 · · PR Newswire

26 Oct

Impact 4 · · 24/7 Wall St.
Impact 4 · · Zacks
Impact 3 · · Zacks

23 Oct

Impact 3 · · Simply Wall St.

22 Oct

Impact 4 · · 24/7 Wall St.

20 Oct

Impact 4 · · Zacks

19 Oct

Impact 4 · · TIKR

15 Oct

Impact 4 · · Insider Monkey

14 Oct

Impact 3 · · Zacks

11 Oct

Impact 4 · · Simply Wall St.

9 Oct

Impact 3 ·
Impact 3 · · StockStory

8 Oct

Impact 4 · · 24/7 Wall St.

6 Oct

Impact 3 · · StockStory

5 Oct

Impact 4 · · The Motley Fool

28 Sep

Impact 4 · · 24/7 Wall St.

21 Sep

Impact 4 · · TheStreet

16 Sep

Impact 4 ·

15 Sep

Impact 3 ·

13 Sep

Impact 4 ·

9 Sep

Impact 3 ·

8 Sep

Impact 4 · · dividendstocks.com
Impact 3 · · marketingdive.com

5 Sep

Impact 4 ·

4 Sep

Impact 4 · · foxbusiness.com
Impact 3 ·
Impact 3 ·

CPB metrics, ten years each

stockrow.com/CPB · Data as of Oct 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com