Campbell Soup Company (CPB) 10-Year Financial Performance & Capital Metrics

CPB • • Industrial / General

Consumer DefensivePackaged FoodsTraditional Packaged FoodsMulti-Portfolio Food Conglomerates

AboutCampbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; Plum baby food and snacks; V8 juices and beverages; and Campbell's tomato juice. The Snacks segment retails Pepperidge Farm cookies, crackers, fresh bakery, and frozen products; Milano cookies and Goldfish crackers; and Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory Pretzel Crisps, Pop Secret popcorn, Emerald nuts, and other snacking products. This segment is also involved in the retail business in Latin America. It sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience stores, drug stores, and dollar stores, as well as e-commerce and other retail, commercial, and non-commercial establishments, and independent contractor distributors. The company was founded in 1869 and is headquartered in Camden, New Jersey.Show more

Revenue $10.25B +6.4%
EBITDA $1.79B +9.2%
Net Income $602M +6.2%
EPS (Diluted) 2.01 +6.3%
Gross Margin 30.42% -1.3%
EBITDA Margin 17.43% +2.6%
Operating Margin 13.2% +3.7%
Net Margin 5.87% -0.2%
ROE 15.64% +2.9%
ROIC 9.14% -2.3%
Debt/Equity 1.85 -7.0%
Interest Coverage 3.92 -20.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 18.5%
✓Healthy dividend yield of 5.7%

✗Weaknesses

✗Profits declining 18.0% over 5 years
✗Weak momentum: RS Rating 16 (bottom 16%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.41%

5Y3.36%

3Y6.19%

TTM2.71%

Profit (Net Income) CAGR

10Y-1.01%

5Y-18.04%

3Y-7.35%

TTM4.9%

EPS CAGR

10Y-0.94%

5Y-17.81%

3Y-7.14%

TTM6.02%

ROCE

10Y Avg14.72%

5Y Avg12.42%

3Y Avg12.26%

Latest11.44%

Peer Comparison

Multi-Portfolio Food Conglomerates

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HRLHormel Foods Corporation	13.6B	24.72	28.41	1.55%	3.95%	6.04%	3.93%	0.36
POSTPost Holdings, Inc.	5.06B	98.10	17.80	2.97%	4.11%	8.92%	9.64%	1.97
CPBCampbell Soup Company	8.02B	26.90	13.38	6.4%	5.69%	14.6%	8.79%	1.85
GISGeneral Mills, Inc.	24.33B	45.60	11.12	-1.87%	15.24%	30.67%	9.42%	1.66
KHCThe Kraft Heinz Company	28.69B	24.24	10.73	-2.98%	-17.35%	-10.5%	11.01%	0.40
CAGConagra Brands, Inc.	8.31B	17.37	7.21	-3.64%	7.42%	9.53%	15.68%	0.93
JBSJBS N.V.	12.29B	15.09	0.49	14.61%	2.4%	94.15%	100%	2.68
BGSB&G Foods, Inc.	359.1M	4.49	-1.41	-6.3%	-13.61%	-53.21%	28.86%	3.96

Profit & Loss

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Aug 2025
Sales/Revenue+	7.96B	5.84B	6.62B	8.11B	8.69B	8.48B	8.56B	9.36B	9.64B	10.25B
Revenue Growth %	-0.01%	-0.27%	0.13%	0.23%	0.07%	-0.02%	0.01%	0.09%	0.03%	0.06%
Cost of Goods Sold+	5.03B	3.4B	4.24B	5.41B	5.69B	5.67B	5.93B	6.44B	6.67B	7.13B
COGS % of Revenue	0.63%	0.58%	0.64%	0.67%	0.65%	0.67%	0.69%	0.69%	0.69%	0.7%
Gross Profit+	2.93B	2.44B	2.37B	2.69B	3B	2.81B	2.63B	2.92B	2.97B	3.12B
Gross Margin %	0.37%	0.42%	0.36%	0.33%	0.35%	0.33%	0.31%	0.31%	0.31%	0.3%
Gross Profit Growth %	0.05%	-0.17%	-0.03%	0.13%	0.11%	-0.06%	-0.07%	0.11%	0.02%	0.05%
Operating Expenses+	1.55B	1.22B	1.4B	1.62B	1.71B	1.54B	1.48B	1.6B	1.75B	1.77B
OpEx % of Revenue	0.19%	0.21%	0.21%	0.2%	0.2%	0.18%	0.17%	0.17%	0.18%	0.17%
Selling, General & Admin	1.43B	1.12B	1.29B	1.48B	1.57B	1.42B	1.35B	1.47B	1.57B	1.6B
SG&A % of Revenue	0.18%	0.19%	0.2%	0.18%	0.18%	0.17%	0.16%	0.16%	0.16%	0.16%
Research & Development	105M	93M	91M	91M	93M	84M	87M	92M	102M	100M
R&D % of Revenue	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	20M	1M	20M	48M	43M	42M	41M	48M	73M	68M
Operating Income+	1.38B	1.23B	972M	1.07B	1.29B	1.27B	1.15B	1.31B	1.23B	1.35B
Operating Margin %	0.17%	0.21%	0.15%	0.13%	0.15%	0.15%	0.13%	0.14%	0.13%	0.13%
Operating Income Growth %	0.18%	-0.11%	-0.21%	0.1%	0.2%	-0.02%	-0.1%	0.14%	-0.07%	0.1%
EBITDA+	1.68B	1.54B	1.37B	1.52B	1.62B	1.59B	1.49B	1.7B	1.64B	1.79B
EBITDA Margin %	0.21%	0.26%	0.21%	0.19%	0.19%	0.19%	0.17%	0.18%	0.17%	0.17%
EBITDA Growth %	0.15%	-0.08%	-0.11%	0.11%	0.07%	-0.02%	-0.06%	0.14%	-0.04%	0.09%
D&A (Non-Cash Add-back)	308M	318M	394M	446M	328M	317M	337M	387M	411M	434M
EBIT	964M	1.43B	1.01B	981M	1.11B	1.55B	1.16B	1.32B	1.01B	1.14B
Net Interest Income+	-111M	-115M	-180M	-354M	-341M	-209M	-188M	-184M	-243M	-328M
Interest Income	4M	0	3M	2M	4M	1M	1M	4M	6M	17M
Interest Expense	115M	115M	183M	356M	345M	210M	189M	188M	249M	345M
Other Income/Expense	-527M	91M	-142M	-449M	-528M	66M	-173M	-184M	-469M	-557M
Pretax Income+	849M	1.32B	830M	625M	766M	1.34B	975M	1.13B	757M	796M
Pretax Margin %	0.11%	0.23%	0.13%	0.08%	0.09%	0.16%	0.11%	0.12%	0.08%	0.08%
Income Tax+	286M	392M	106M	151M	174M	328M	218M	270M	190M	194M
Effective Tax Rate %	0.66%	0.67%	0.31%	0.34%	2.13%	0.75%	0.78%	0.76%	0.75%	0.76%
Net Income+	563M	887M	261M	211M	1.63B	1B	757M	858M	567M	602M
Net Margin %	0.07%	0.15%	0.04%	0.03%	0.19%	0.12%	0.09%	0.09%	0.06%	0.06%
Net Income Growth %	-0.15%	0.58%	-0.71%	-0.19%	6.72%	-0.38%	-0.24%	0.13%	-0.34%	0.06%
Net Income (Continuing)	563M	924M	724M	474M	592M	1.01B	757M	858M	567M	602M
Discontinued Operations	0	-37M	-463M	-263M	1.04B	-6M	0	0	0	0
Minority Interest	8M	8M	9M	9M	6M	2M	2M	2M	2M	2M
EPS (Diluted)+	1.81	2.89	0.86	0.70	5.36	3.29	2.51	2.85	1.89	2.01
EPS Growth %	-0.18%	0.6%	-0.7%	-0.19%	6.66%	-0.39%	-0.24%	0.14%	-0.34%	0.06%
EPS (Basic)	1.82	2.91	0.87	0.70	5.39	3.31	2.51	2.87	1.90	2.02
Diluted Shares Outstanding	311M	307M	302M	302M	304M	305M	302M	301M	300M	300M
Basic Shares Outstanding	309M	305M	301M	301M	302M	303M	301M	299M	300M	298M
Dividend Payout Ratio	0.69%	0.47%	1.63%	2%	0.26%	0.44%	0.6%	0.52%	0.78%	0.76%

Balance Sheet

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Aug 2025
Total Current Assets+	1.91B	1.9B	2.3B	1.97B	2.38B	1.7B	1.96B	2.06B	2.19B	2.23B
Cash & Short-Term Investments	296M	319M	49M	31M	859M	69M	109M	189M	108M	132M
Cash Only	296M	319M	49M	31M	859M	69M	109M	189M	108M	132M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	626M	605M	563M	574M	575M	595M	541M	529M	630M	583M
Days Sales Outstanding	28.7	37.83	31.07	25.84	24.15	25.62	23.06	20.64	23.86	20.75
Inventory	940M	902M	887M	863M	871M	933M	1.25B	1.29B	1.39B	1.42B
Days Inventory Outstanding	68.17	96.97	76.34	58.18	55.85	60.11	76.63	73.17	75.9	72.86
Other Current Assets	46M	74M	797M	499M	80M	98M	67M	52M	66M	93M
Total Non-Current Assets+	5.93B	5.83B	12.23B	11.18B	9.99B	10.04B	9.93B	10B	13.04B	12.66B
Property, Plant & Equipment	2.41B	2.45B	2.47B	2.48B	2.62B	2.6B	2.58B	2.67B	3.03B	2.77B
Fixed Asset Turnover	3.31x	2.38x	2.68x	3.26x	3.31x	3.25x	3.32x	3.50x	3.18x	3.71x
Goodwill	2.26B	2.12B	3.86B	4.02B	3.99B	3.98B	3.98B	3.96B	5.08B	4.99B
Intangible Assets	1.15B	1.12B	3.66B	3.42B	3.35B	3.24B	3.2B	3.14B	4.72B	4.36B
Long-Term Investments	47M	69M	92M	77M	0	0	0	0	0	5M
Other Non-Current Assets	19M	34M	2.15B	1.19B	29M	214M	170M	217M	221M	545M
Total Assets+	7.84B	7.73B	14.53B	13.15B	12.37B	11.73B	11.89B	12.06B	15.23B	14.9B
Asset Turnover	1.02x	0.76x	0.46x	0.62x	0.70x	0.72x	0.72x	0.78x	0.63x	0.69x
Asset Growth %	-0.03%	-0.01%	0.88%	-0.1%	-0.06%	-0.05%	0.01%	0.01%	0.26%	-0.02%
Total Current Liabilities+	2.56B	2.4B	3.59B	3.38B	3.08B	1.81B	2.89B	2.22B	3.58B	2.91B
Accounts Payable	610M	666M	705M	814M	1.05B	1.07B	1.33B	1.31B	1.31B	1.33B
Days Payables Outstanding	44.24	71.6	60.68	54.88	67.27	68.94	82.04	74.02	71.8	68.15
Short-Term Debt	1.22B	1.04B	1.52B	1.35B	1.2B	37M	800M	178M	1.4B	730M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	279M	284M	896M	711M	263M	206M	250M	228M	228M	203M
Current Ratio	0.75x	0.79x	0.64x	0.58x	0.78x	0.93x	0.68x	0.93x	0.61x	0.77x
Quick Ratio	0.38x	0.42x	0.39x	0.33x	0.49x	0.42x	0.25x	0.35x	0.22x	0.28x
Cash Conversion Cycle	52.63	63.2	46.73	29.15	12.73	16.8	17.65	19.79	27.97	25.46
Total Non-Current Liabilities+	3.75B	3.69B	9.56B	8.65B	6.73B	6.77B	5.67B	6.17B	7.86B	8.09B
Long-Term Debt	2.31B	2.49B	7.99B	7.1B	4.99B	4.99B	3.98B	4.48B	5.71B	6.06B
Capital Lease Obligations	0	7M	0	3M	191M	199M	193M	223M	314M	297M
Deferred Tax Liabilities	396M	490M	960M	924M	914M	1.05B	1.07B	1.07B	1.43B	1.35B
Other Non-Current Liabilities	1.04B	697M	611M	624M	636M	525M	427M	400M	408M	379M
Total Liabilities	6.3B	6.08B	13.16B	12.04B	9.8B	8.58B	8.56B	8.39B	11.44B	10.99B
Total Debt+	3.53B	3.54B	9.52B	8.47B	6.45B	5.29B	5.05B	4.97B	7.54B	7.21B
Net Debt	3.24B	3.22B	9.47B	8.44B	5.59B	5.22B	4.94B	4.78B	7.43B	7.08B
Debt / Equity	2.30x	2.15x	6.93x	7.62x	2.51x	1.68x	1.51x	1.36x	1.99x	1.85x
Debt / EBITDA	2.10x	2.29x	6.97x	5.58x	3.97x	3.33x	3.40x	2.92x	4.61x	4.04x
Net Debt / EBITDA	1.92x	2.08x	6.93x	5.55x	3.45x	3.29x	3.33x	2.81x	4.54x	3.96x
Interest Coverage	11.97x	10.65x	5.31x	3.02x	3.75x	6.05x	6.07x	6.98x	4.92x	3.92x
Total Equity+	1.53B	1.65B	1.37B	1.11B	2.57B	3.15B	3.33B	3.66B	3.8B	3.9B
Equity Growth %	0.11%	0.07%	-0.17%	-0.19%	1.31%	0.23%	0.06%	0.1%	0.04%	0.03%
Book Value per Share	4.93	5.36	4.55	3.68	8.45	10.34	11.04	12.17	12.65	13.01
Total Shareholders' Equity	1.52B	1.64B	1.36B	1.1B	2.56B	3.15B	3.33B	3.66B	3.79B	3.9B
Common Stock	12M	12M	12M	12M	12M	12M	12M	12M	12M	12M
Retained Earnings	1.93B	2.38B	2.22B	1.99B	3.19B	3.74B	4.04B	4.45B	4.57B	4.69B
Treasury Stock	-664M	-1.07B	-1.1B	-1.08B	-1.02B	-1.02B	-1.14B	-1.22B	-1.21B	-1.21B
Accumulated OCI	-104M	-53M	-118M	-198M	-10M	5M	2M	-3M	-17M	-15M
Minority Interest	8M	8M	9M	9M	6M	2M	2M	2M	2M	2M

Cash Flow

	Jul 2016	Jul 2017	Jul 2018	Jul 2019	Jul 2020	Jul 2021	Jul 2022	Jul 2023	Jul 2024	Aug 2025
Cash from Operations+	1.49B	1.29B	1.3B	1.4B	1.4B	1.03B	1.18B	1.14B	1.19B	1.13B
Operating CF Margin %	0.19%	0.22%	0.2%	0.17%	0.16%	0.12%	0.14%	0.12%	0.12%	0.11%
Operating CF Growth %	0.24%	-0.14%	0.01%	0.07%	-0%	-0.26%	0.14%	-0.03%	0.04%	-0.05%
Net Income	563M	887M	261M	211M	1.63B	1B	757M	858M	567M	602M
Depreciation & Amortization	308M	318M	394M	446M	328M	317M	337M	387M	411M	434M
Stock-Based Compensation	0	60M	61M	58M	61M	64M	59M	63M	99M	57M
Deferred Taxes	-30M	93M	-133M	14M	-6M	137M	21M	-5M	-47M	-54M
Other Non-Cash Items	479M	-69M	645M	520M	-707M	-196M	48M	56M	284M	327M
Working Capital Changes	107M	-1M	77M	149M	92M	-289M	-41M	-216M	-129M	-235M
Change in Receivables	24M	28M	56M	-11M	-30M	-20M	48M	-1M	-16M	26M
Change in Inventory	59M	46M	-84M	36M	-20M	-77M	-314M	-64M	11M	-80M
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-354M	-368M	-7.24B	153M	2.27B	-158M	-230M	-340M	-3.13B	-187M
Capital Expenditures	-341M	-338M	-407M	-384M	-299M	-275M	-242M	-370M	-517M	-426M
CapEx % of Revenue	0.04%	0.06%	0.06%	0.05%	0.03%	0.03%	0.03%	0.04%	0.05%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-13M	-30M	-19M	14M	4M	8M	11M	1M	1M	4M
Cash from Financing+	-1.1B	-908M	5.81B	-1.59B	-2.99B	-1.67B	-910M	-723M	1.86B	-919M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-390M	-420M	-426M	-423M	-426M	-439M	-451M	-447M	-445M	-459M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-21M	-19M	-120M	-9M	-1.79B	-15M	-471M	-18M	-69M	-42M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.15B	950M	898M	1.01B	1.1B	760M	939M	773M	668M	705M
FCF Margin %	0.14%	0.16%	0.14%	0.13%	0.13%	0.09%	0.11%	0.08%	0.07%	0.07%
FCF Growth %	0.39%	-0.17%	-0.05%	0.13%	0.08%	-0.31%	0.24%	-0.18%	-0.14%	0.06%
FCF per Share	3.70	3.09	2.97	3.36	3.61	2.49	3.11	2.57	2.23	2.35
FCF Conversion (FCF/Net Income)	2.65x	1.45x	5.00x	6.63x	0.86x	1.03x	1.56x	1.33x	2.09x	1.88x
Interest Paid	0	0	0	0	0	0	0	0	0	330M
Taxes Paid	0	0	0	0	0	0	0	0	0	268M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	38.69%	55.82%	17.3%	16.98%	88.45%	35.02%	23.34%	24.53%	15.2%	15.64%
Return on Invested Capital (ROIC)	20.67%	19.08%	9.29%	7.9%	10.96%	11.52%	10.34%	11.78%	9.35%	9.14%
Gross Margin	36.78%	41.84%	35.89%	33.22%	34.51%	33.16%	30.68%	31.17%	30.83%	30.42%
Net Margin	7.07%	15.2%	3.95%	2.6%	18.73%	11.82%	8.84%	9.17%	5.88%	5.87%
Debt / Equity	2.30x	2.15x	6.93x	7.62x	2.51x	1.68x	1.51x	1.36x	1.99x	1.85x
Interest Coverage	11.97x	10.65x	5.31x	3.02x	3.75x	6.05x	6.07x	6.98x	4.92x	3.92x
FCF Conversion	2.65x	1.45x	5.00x	6.63x	0.86x	1.03x	1.56x	1.33x	2.09x	1.88x
Revenue Growth	-1.5%	-26.68%	13.33%	22.55%	7.2%	-2.47%	1.01%	9.29%	2.98%	6.4%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Baked Snacks	2.48B	2.51B	3.34B	3.92B	4.1B	3.99B	4.1B	4.64B	4.6B	4.43B
Baked Snacks Growth	-	1.29%	33.17%	17.17%	4.62%	-2.68%	2.86%	13.16%	-0.99%	-3.61%
Beverages	1.09B	1.01B	1.02B	738M	755M	785M	753M	769M	2.33B	3.05B
Beverages Growth	-	-7.52%	1.59%	-27.93%	2.30%	3.97%	-4.08%	2.12%	202.99%	30.73%
Soups	2.69B	2.67B	2.62B	2.37B	2.65B	2.57B	2.62B	2.74B	2.71B	2.78B
Soups Growth	-	-0.63%	-2.17%	-9.45%	12.04%	-3.20%	1.83%	4.78%	-1.13%	2.47%
Simple Meals	1.7B	1.7B	1.7B	1.08B	1.18B	1.13B	1.09B	1.21B	-	-
Simple Meals Growth	-	-0.24%	0.06%	-36.32%	9.43%	-4.22%	-3.79%	10.45%	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	6.44B	6.36B	-	7.49B	8.16B	7.95B	-	-	-	-
UNITED STATES Growth	-	-1.24%	-	-	8.98%	-2.62%	-	-	-	-
Non-US	-	-	-	615M	526M	525M	-	-	-	-
Non-US Growth	-	-	-	-	-14.47%	-0.19%	-	-	-	-
Baked Snacks	-	-	3.34B	-	-	-	-	-	-	-
Baked Snacks Growth	-	-	-	-	-	-	-	-	-	-
Soups	-	-	2.62B	-	-	-	-	-	-	-
Soups Growth	-	-	-	-	-	-	-	-	-	-
Simple Meals	-	-	1.7B	-	-	-	-	-	-	-
Simple Meals Growth	-	-	-	-	-	-	-	-	-	-
Beverages	-	-	1.02B	-	-	-	-	-	-	-
Beverages Growth	-	-	-	-	-	-	-	-	-	-
Other Countries	934M	923M	-	-	-	-	-	-	-	-
Other Countries Growth	-	-1.18%	-	-	-	-	-	-	-	-
AUSTRALIA	590M	610M	-	-	-	-	-	-	-	-
AUSTRALIA Growth	-	3.39%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Campbell Soup Company (CPB) has a price-to-earnings (P/E) ratio of 13.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Campbell Soup Company (CPB) reported $10.16B in revenue for fiscal year 2025. This represents a 42% increase from $7.17B in 2012.

Campbell Soup Company (CPB) grew revenue by 6.4% over the past year. This is steady growth.

Yes, Campbell Soup Company (CPB) is profitable, generating $578.0M in net income for fiscal year 2025 (5.9% net margin).

Dividend & Returns

Yes, Campbell Soup Company (CPB) pays a dividend with a yield of 5.69%. This makes it attractive for income-focused investors.

Campbell Soup Company (CPB) has a return on equity (ROE) of 15.6%. This is reasonable for most industries.

Campbell Soup Company (CPB) generated $687.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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