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. In the quarter to July 2026, revenue fell 7.93%, EPS fell 144.9%, free cash flow grew 5.43% and total debt rose 1.07%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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The Campbell's Company (CPB) Altman Z-score
The Campbell's Company's Altman Z-score for fiscal 2026 is 1.50, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 1.50 | (0.34) |
| FY2025 | 1.84 | (0.05) |
| FY2024 | 1.89 | (0.72) |
| FY2023 | 2.62 | 0.15 |
| FY2022 | 2.47 | (0.05) |
| FY2021 | 2.52 | 0.31 |
| FY2020 | 2.21 | 0.64 |
| FY2019 | 1.57 | 0.21 |
| FY2018 | 1.35 | (1.96) |
| FY2017 | 3.31 | (0.18) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.04) | — | −0.05 | |
| Retained earnings / total assets | 0.30 | — | 0.41 | |
| EBIT / total assets | 0.05 | — | 0.18 | |
| Market value of equity / total liabilities | 0.56 | — | 0.33 | |
| Sales / total assets | 0.62 | — | 0.62 | |
| Altman Z-score | Distress zone | 1.50 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.41 | ||
Z and Z″ put The Campbell's Company in different zones: distress zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| FRPT Freshpet, Inc. compare | 4.0× |
| INGR Ingredion Incorporated compare | 3.8× |
| PPC Pilgrim's Pride Corporation compare | 3.6× |
| SFD Smithfield Foods, Inc. compare | 3.4× |
| LW Lamb Weston compare | 2.5× |
| DAR Darling Ingredients Inc. compare | 1.9× |
| CPB The Campbell's Company | 1.5× |
| POST Post Holdings, Inc. compare | 1.5× |
| CAG Conagra Brands compare | 1.0× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets