Conagra Brands, Inc. (CAG) 10-Year Financial Performance & Capital Metrics

CAG • • Industrial / General

Consumer DefensivePackaged FoodsTraditional Packaged FoodsMulti-Portfolio Food Conglomerates

AboutConagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates in four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels in the United States. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels in the United States. The International segment offers food products in various temperature states through retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for restaurants and other foodservice establishments in the United States. The company sells its products under the Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim, Angie's BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera brands. The company was formerly known as ConAgra Foods, Inc. and changed its name to Conagra Brands, Inc. in November 2016. Conagra Brands, Inc. was founded in 1861 and is headquartered in Chicago, Illinois.Show more

Revenue $11.61B -3.6%
EBITDA $1.75B +40.0%
Net Income $1.15B +231.9%
EPS (Diluted) 2.41 +234.7%
Gross Margin 25.86% -6.5%
EBITDA Margin 15.11% +45.2%
Operating Margin 11.75% +66.1%
Net Margin 9.92% +244.4%
ROE 13.21% +229.5%
ROIC 5.98% +64.5%
Debt/Equity 0.93 -8.1%
Interest Coverage 3.27 +67.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak momentum: RS Rating 20 (bottom 20%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.54%

5Y0.99%

3Y0.22%

TTM-4.11%

Profit (Net Income) CAGR

10Y-

5Y6.53%

3Y9.07%

TTM71.98%

EPS CAGR

10Y-

5Y6.98%

3Y9.41%

TTM70.87%

ROCE

10Y Avg7.49%

5Y Avg7.04%

3Y Avg6.23%

Latest7.97%

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

	May 2016	May 2017	May 2018	May 2019	May 2020	May 2021	May 2022	May 2023	May 2024	May 2025
Sales/Revenue+	8.66B	7.83B	7.94B	9.54B	11.05B	11.18B	11.54B	12.28B	12.05B	11.61B
Revenue Growth %	-0.04%	-0.1%	0.01%	0.2%	0.16%	0.01%	0.03%	0.06%	-0.02%	-0.04%
Cost of Goods Sold+	6.23B	5.48B	5.59B	6.89B	7.98B	8.01B	8.7B	9.01B	8.72B	8.61B
COGS % of Revenue	0.72%	0.7%	0.7%	0.72%	0.72%	0.72%	0.75%	0.73%	0.72%	0.74%
Gross Profit+	2.43B	2.34B	2.35B	2.65B	3.07B	3.18B	2.84B	3.26B	3.33B	3B
Gross Margin %	0.28%	0.3%	0.3%	0.28%	0.28%	0.28%	0.25%	0.27%	0.28%	0.26%
Gross Profit Growth %	0.06%	-0.04%	0%	0.13%	0.16%	0.04%	-0.11%	0.15%	0.02%	-0.1%
Operating Expenses+	2.02B	1.47B	1.4B	1.47B	1.62B	1.4B	1.49B	2.19B	2.48B	1.64B
OpEx % of Revenue	0.23%	0.19%	0.18%	0.15%	0.15%	0.13%	0.13%	0.18%	0.21%	0.14%
Selling, General & Admin	2.02B	1.47B	1.4B	1.47B	1.62B	1.4B	1.49B	1.43B	1.49B	1.54B
SG&A % of Revenue	0.23%	0.19%	0.18%	0.15%	0.15%	0.13%	0.13%	0.12%	0.12%	0.13%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	757.6M	993.1M	101.6M
Operating Income+	404.6M	869.8M	953.1M	1.18B	1.45B	1.78B	1.35B	1.08B	852.8M	1.36B
Operating Margin %	0.05%	0.11%	0.12%	0.12%	0.13%	0.16%	0.12%	0.09%	0.07%	0.12%
Operating Income Growth %	-0.56%	1.15%	0.1%	0.24%	0.23%	0.23%	-0.24%	-0.2%	-0.21%	0.6%
EBITDA+	683.1M	1.14B	1.21B	1.51B	1.84B	2.16B	1.72B	1.45B	1.25B	1.75B
EBITDA Margin %	0.08%	0.15%	0.15%	0.16%	0.17%	0.19%	0.15%	0.12%	0.1%	0.15%
EBITDA Growth %	-0.43%	0.67%	0.06%	0.25%	0.21%	0.18%	-0.2%	-0.16%	-0.13%	0.4%
D&A (Non-Cash Add-back)	278.5M	268M	257M	333M	388.9M	387.7M	375.4M	369.9M	400.9M	390.2M
EBIT	405.8M	928.7M	1.04B	1.22B	1.46B	1.83B	1.56B	1.32B	1.05B	1.58B
Net Interest Income+	-295.8M	-195.5M	-158.7M	-391.4M	-487.1M	-420.4M	-379.9M	-409.6M	-430.5M	-414M
Interest Income	1.2M	3.7M	3.8M	6.8M	3.1M	1.9M	2.1M	3.9M	5.7M	2.5M
Interest Expense	297M	199.2M	162.5M	398.2M	490.2M	422.3M	382M	413.5M	436.2M	416.7M
Other Income/Expense	-229.7M	-69.1M	19M	-280.5M	-404M	-281.5M	-167.3M	-173.4M	-242.6M	-208.4M
Pretax Income+	174.9M	800.7M	972.1M	899.1M	1.04B	1.49B	1.18B	901.9M	610.2M	1.16B
Pretax Margin %	0.02%	0.1%	0.12%	0.09%	0.09%	0.13%	0.1%	0.07%	0.05%	0.1%
Income Tax+	46.4M	254.7M	174.6M	218.8M	201.3M	193.8M	290.5M	218.7M	262.5M	3.7M
Effective Tax Rate %	-3.87%	0.8%	0.83%	0.75%	0.81%	0.87%	0.75%	0.76%	0.57%	1%
Net Income+	-677M	639.3M	808.4M	678.3M	840.1M	1.3B	888.2M	683.6M	347.2M	1.15B
Net Margin %	-0.08%	0.08%	0.1%	0.07%	0.08%	0.12%	0.08%	0.06%	0.03%	0.1%
Net Income Growth %	-1.68%	1.94%	0.26%	-0.16%	0.24%	0.55%	-0.32%	-0.23%	-0.49%	2.32%
Net Income (Continuing)	128.5M	546M	797.5M	680.3M	841.8M	1.3B	888.2M	683.2M	347.7M	1.15B
Discontinued Operations	-794.4M	102M	14.3M	-1.9M	0	0	0	0	0	0
Minority Interest	81.2M	87M	80.4M	79.1M	74.6M	79.6M	74.5M	70.5M	70.9M	0
EPS (Diluted)+	-1.57	1.46	1.98	1.52	1.72	2.66	1.84	1.42	0.72	2.41
EPS Growth %	-1.62%	1.93%	0.36%	-0.23%	0.13%	0.55%	-0.31%	-0.23%	-0.49%	2.35%
EPS (Basic)	-1.57	1.48	2.00	1.53	1.72	2.67	1.85	1.43	0.73	2.41
Diluted Shares Outstanding	438.5M	436M	407.4M	445.6M	488.6M	487.8M	482.2M	480.7M	480M	478.3M
Basic Shares Outstanding	434.4M	431.9M	403.9M	444M	487.3M	485.8M	480.3M	478.9M	478.6M	478.3M
Dividend Payout Ratio	-	0.65%	0.42%	0.53%	0.49%	0.37%	0.66%	0.91%	1.9%	0.58%

Balance Sheet

	May 2016	May 2017	May 2018	May 2019	May 2020	May 2021	May 2022	May 2023	May 2024	May 2025
Total Current Assets+	3.58B	2.01B	1.94B	2.73B	2.89B	2.7B	3.03B	3.38B	3.15B	3.07B
Cash & Short-Term Investments	798.1M	251.4M	128M	236.6M	553.3M	79.2M	83.3M	93.3M	77.7M	68M
Cash Only	798.1M	251.4M	128M	236.6M	553.3M	79.2M	83.3M	93.3M	77.7M	68M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	650.1M	563.4M	569.4M	818.2M	860.8M	793.9M	867.4M	952.8M	871.8M	770M
Days Sales Outstanding	27.39	26.27	26.18	31.31	28.42	25.91	27.44	28.33	26.41	24.2
Inventory	1.04B	927.9M	988.7M	1.55B	1.36B	1.71B	1.97B	2.21B	2.08B	2.05B
Days Inventory Outstanding	61.12	61.77	64.59	82.11	62.39	77.95	82.54	89.6	87.21	86.84
Other Current Assets	935.8M	41.8M	67.9M	36.7M	13.1M	24.3M	0	126.7M	117M	184.7M
Total Non-Current Assets+	9.81B	8.08B	8.45B	19.48B	19.42B	19.49B	19.4B	18.67B	17.71B	17.86B
Property, Plant & Equipment	1.7B	1.63B	1.59B	2.33B	2.37B	2.57B	2.74B	2.74B	2.9B	2.84B
Fixed Asset Turnover	5.10x	4.79x	4.99x	4.10x	4.67x	4.35x	4.21x	4.49x	4.16x	4.09x
Goodwill	4.32B	4.3B	4.49B	11.44B	11.36B	11.34B	11.33B	11.11B	10.58B	10.5B
Intangible Assets	1.22B	1.22B	1.28B	4.54B	4.3B	4.12B	3.86B	3.19B	2.71B	2.42B
Long-Term Investments	0	0	0	0	0	0	0	0	0	936.8M
Other Non-Current Assets	2.57B	931M	1.09B	1.18B	1.39B	1.46B	1.48B	1.63B	1.52B	1.17B
Total Assets+	13.39B	10.1B	10.39B	22.21B	22.3B	22.2B	22.44B	22.05B	20.86B	20.93B
Asset Turnover	0.65x	0.78x	0.76x	0.43x	0.50x	0.50x	0.51x	0.56x	0.58x	0.55x
Asset Growth %	-0.23%	-0.25%	0.03%	1.14%	0%	-0%	0.01%	-0.02%	-0.05%	0%
Total Current Liabilities+	2.53B	1.72B	2.34B	2.14B	3.29B	3.31B	3.52B	4.44B	3.24B	4.32B
Accounts Payable	706.7M	773.1M	905.3M	1.25B	1.51B	1.66B	1.86B	1.53B	1.49B	1.59B
Days Payables Outstanding	41.37	51.46	59.15	66.37	68.89	75.5	78.25	61.78	62.54	67.41
Short-Term Debt	573.3M	227.2M	584.3M	21.6M	846.6M	730.5M	891.6M	2.15B	948.7M	1.87B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	463.9M	0	13.9M	-15.5M	18.5M	1.6M	0	16.1M	14.8M	707.7M
Current Ratio	1.41x	1.17x	0.83x	1.28x	0.88x	0.82x	0.86x	0.76x	0.97x	0.71x
Quick Ratio	1.00x	0.63x	0.41x	0.55x	0.46x	0.30x	0.30x	0.26x	0.33x	0.24x
Cash Conversion Cycle	47.14	36.58	31.63	47.04	21.92	28.36	31.73	56.14	51.08	43.63
Total Non-Current Liabilities+	7.06B	4.3B	4.3B	12.61B	11.07B	10.26B	10.05B	8.8B	9.11B	7.68B
Long-Term Debt	4.88B	2.77B	3.23B	10.66B	8.9B	8.28B	8.09B	7.08B	7.49B	6B
Capital Lease Obligations	0	0	0	0	206.1M	185.1M	199.4M	185.6M	172.2M	441.1M
Deferred Tax Liabilities	342M	466.5M	487.3M	1.35B	1.33B	1.27B	1.34B	1.14B	0	810.3M
Other Non-Current Liabilities	1.84B	1.06B	577.9M	602.8M	628.9M	526.3M	422M	393.9M	1.44B	436.5M
Total Liabilities	9.6B	6.02B	6.63B	14.75B	14.35B	13.56B	13.57B	13.25B	12.35B	12B
Total Debt+	5.45B	3B	3.82B	10.7B	9.95B	9.19B	9.18B	9.42B	8.61B	8.31B
Net Debt	4.66B	2.75B	3.69B	10.46B	9.4B	9.11B	9.1B	9.33B	8.54B	8.24B
Debt / Equity	1.44x	0.73x	1.02x	1.43x	1.25x	1.06x	1.04x	1.07x	1.01x	0.93x
Debt / EBITDA	7.99x	2.63x	3.15x	7.07x	5.42x	4.25x	5.33x	6.52x	6.87x	4.74x
Net Debt / EBITDA	6.82x	2.41x	3.05x	6.92x	5.12x	4.21x	5.28x	6.45x	6.81x	4.70x
Interest Coverage	1.36x	4.37x	5.87x	2.96x	2.95x	4.21x	3.52x	2.60x	1.96x	3.27x
Total Equity+	3.79B	4.08B	3.76B	7.46B	7.95B	8.63B	8.86B	8.81B	8.51B	8.93B
Equity Growth %	-0.18%	0.07%	-0.08%	0.99%	0.07%	0.09%	0.03%	-0.01%	-0.03%	0.05%
Book Value per Share	8.65	9.35	9.22	16.75	16.27	17.69	18.38	18.32	17.73	18.68
Total Shareholders' Equity	3.71B	3.99B	3.68B	7.38B	7.88B	8.55B	8.79B	8.74B	8.44B	8.93B
Common Stock	2.84B	2.84B	2.84B	2.92B	2.92B	2.92B	2.92B	2.92B	2.92B	2.92B
Retained Earnings	3.22B	4.25B	4.74B	5.05B	5.47B	6.26B	6.55B	6.6B	6.28B	6.76B
Treasury Stock	-3.14B	-4.05B	-4.98B	-2.76B	-2.73B	-2.98B	-3B	-3.12B	-3.08B	-3.11B
Accumulated OCI	-344.5M	-212.9M	-110.5M	-110.3M	-109.6M	5.8M	-11.2M	-44.4M	-35.5M	16.3M
Minority Interest	81.2M	87M	80.4M	79.1M	74.6M	79.6M	74.5M	70.5M	70.9M	0

Cash Flow

	May 2016	May 2017	May 2018	May 2019	May 2020	May 2021	May 2022	May 2023	May 2024	May 2025
Cash from Operations+	1.26B	1.18B	954.2M	1.13B	1.84B	1.47B	1.18B	995.4M	2.02B	1.69B
Operating CF Margin %	0.15%	0.15%	0.12%	0.12%	0.17%	0.13%	0.1%	0.08%	0.17%	0.15%
Operating CF Growth %	-0.16%	-0.07%	-0.19%	0.18%	0.64%	-0.2%	-0.2%	-0.15%	1.02%	-0.16%
Net Income	496M	546M	797.5M	680.3M	841.8M	1.3B	888.2M	683.2M	347.2M	1.15B
Depreciation & Amortization	373.9M	268M	257M	333M	388.9M	387.7M	375.4M	369.9M	400.9M	390.2M
Stock-Based Compensation	45.1M	36.1M	37.9M	33.7M	59.2M	63.9M	26.1M	79.2M	30.8M	41.5M
Deferred Taxes	565.8M	249.5M	-41.7M	0	247.2M	32.5M	-25.5M	-25.5M	0	0
Other Non-Cash Items	138.8M	-123.1M	-147.4M	-23.9M	-7.2M	-18.5M	131.5M	704.6M	1.11B	130.5M
Working Capital Changes	-360.4M	199M	50.9M	102.4M	312.7M	-298.4M	-218.4M	-816M	130.7M	-22.8M
Change in Receivables	-171.9M	104.7M	-4.7M	-69.1M	-43.8M	-16.9M	-69.5M	-102.1M	70.1M	173.8M
Change in Inventory	55.4M	123.3M	-62.8M	78M	163.5M	-364.3M	-232.8M	-265.3M	131.9M	-35.6M
Change in Payables	-111M	71M	144.9M	38.2M	234.4M	141.4M	223.6M	-248.9M	-22.7M	49.6M
Cash from Investing+	2.13B	-184M	-576.2M	-5.17B	-153.8M	-340.3M	-434.9M	-354.9M	-375M	-542.2M
Capital Expenditures	-440.2M	-242.1M	-251.6M	-353.1M	-369.5M	-506.4M	-464.4M	-362.2M	-388.1M	-389.3M
CapEx % of Revenue	0.05%	0.03%	0.03%	0.04%	0.03%	0.05%	0.04%	0.03%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.54B	-105.2M	12.5M	33.6M	14.1M	2.5M	23.5M	4.1M	13.1M	900K
Cash from Financing+	-2.73B	-1.57B	-506.9M	4.15B	-1.37B	-1.61B	-738M	-631.6M	-1.66B	-1.16B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-432.5M	-415M	-342.3M	-356.2M	-413.6M	-474.6M	-581.8M	-623.8M	-659.3M	-669.2M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-4M	822.3M	-19M	-108.6M	-14.2M	-16.8M	-22.4M	900K	-1.6M	2.4M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	767.2M	933.4M	702.6M	772.4M	1.47B	961.7M	712.9M	633.2M	1.63B	1.3B
FCF Margin %	0.09%	0.12%	0.09%	0.08%	0.13%	0.09%	0.06%	0.05%	0.14%	0.11%
FCF Growth %	-0.24%	0.22%	-0.25%	0.1%	0.91%	-0.35%	-0.26%	-0.11%	1.57%	-0.2%
FCF per Share	1.75	2.14	1.72	1.73	3.01	1.97	1.48	1.32	3.39	2.72
FCF Conversion (FCF/Net Income)	-1.86x	1.84x	1.18x	1.66x	2.19x	1.13x	1.33x	1.46x	5.81x	1.47x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-16.11%	16.24%	20.64%	12.09%	10.9%	15.67%	10.15%	7.74%	4.01%	13.21%
Return on Invested Capital (ROIC)	2.92%	8.54%	10.02%	6.97%	6.15%	7.59%	5.66%	4.47%	3.64%	5.98%
Gross Margin	28.04%	29.95%	29.62%	27.81%	27.77%	28.42%	24.61%	26.59%	27.66%	25.86%
Net Margin	-7.81%	8.17%	10.18%	7.11%	7.6%	11.61%	7.7%	5.57%	2.88%	9.92%
Debt / Equity	1.44x	0.73x	1.02x	1.43x	1.25x	1.06x	1.04x	1.07x	1.01x	0.93x
Interest Coverage	1.36x	4.37x	5.87x	2.96x	2.95x	4.21x	3.52x	2.60x	1.96x	3.27x
FCF Conversion	-1.86x	1.84x	1.18x	1.66x	2.19x	1.13x	1.33x	1.46x	5.81x	1.47x
Revenue Growth	-4.09%	-9.66%	1.42%	20.16%	15.89%	1.18%	3.14%	6.42%	-1.84%	-3.64%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Grocery And Snacks	-	3.21B	3.29B	3.28B	4.62B	4.64B	4.7B	4.98B	4.96B	4.9B
Grocery And Snacks Growth	-	-	2.44%	-0.24%	40.80%	0.44%	1.29%	6.06%	-0.47%	-1.20%
Refrigerated And Frozen	-	2.65B	2.75B	2.8B	4.56B	4.77B	4.86B	5.16B	4.87B	4.66B
Refrigerated And Frozen Growth	-	-	3.78%	1.85%	62.61%	4.72%	1.77%	6.11%	-5.64%	-4.18%
Foodservice	-	1.08B	1.05B	934.2M	952.4M	834M	1.01B	1.14B	1.15B	1.09B
Foodservice Growth	-	-	-2.18%	-11.43%	1.95%	-12.43%	20.91%	12.69%	1.06%	-4.68%
International	-	816M	843.5M	793.4M	925.3M	938.6M	970.8M	1B	1.08B	956.5M
International Growth	-	-	3.37%	-5.94%	16.62%	1.44%	3.43%	3.27%	7.56%	-11.30%
Pinnacle Foods	-	-	-	1.73B	-	-	-	-	-	-
Pinnacle Foods Growth	-	-	-	-	-	-	-	-	-	-
Commercial Foods	4.42B	71.1M	-	-	-	-	-	-	-	-
Commercial Foods Growth	-	-98.39%	-	-	-	-	-	-	-	-
Consumer Foods	7.23B	-	-	-	-	-	-	-	-	-
Consumer Foods Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Conagra Brands, Inc. (CAG) has a price-to-earnings (P/E) ratio of 7.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Conagra Brands, Inc. (CAG) reported $11.45B in revenue for fiscal year 2025. This represents a 14% decrease from $13.33B in 2012.

Conagra Brands, Inc. (CAG) saw revenue decline by 3.6% over the past year.

Yes, Conagra Brands, Inc. (CAG) is profitable, generating $850.1M in net income for fiscal year 2025 (9.9% net margin).

Dividend & Returns

Yes, Conagra Brands, Inc. (CAG) pays a dividend with a yield of 8.05%. This makes it attractive for income-focused investors.

Conagra Brands, Inc. (CAG) has a return on equity (ROE) of 13.2%. This is reasonable for most industries.

Conagra Brands, Inc. (CAG) generated $1.14B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Conagra Brands, Inc. (CAG) 10-Year Financial Performance & Capital Metrics

CAG • • Industrial / General

Consumer DefensivePackaged FoodsTraditional Packaged FoodsMulti-Portfolio Food Conglomerates

Revenue $11.61B -3.6%
EBITDA $1.75B +40.0%
Net Income $1.15B +231.9%
EPS (Diluted) 2.41 +234.7%
Gross Margin 25.86% -6.5%
EBITDA Margin 15.11% +45.2%
Operating Margin 11.75% +66.1%
Net Margin 9.92% +244.4%
ROE 13.21% +229.5%
ROIC 5.98% +64.5%
Debt/Equity 0.93 -8.1%
Interest Coverage 3.27 +67.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak momentum: RS Rating 20 (bottom 20%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.54%

5Y0.99%

3Y0.22%

TTM-4.11%

Profit (Net Income) CAGR

10Y-

5Y6.53%

3Y9.07%

TTM71.98%

EPS CAGR

10Y-

5Y6.98%

3Y9.41%

TTM70.87%

ROCE

10Y Avg7.49%

5Y Avg7.04%

3Y Avg6.23%

Latest7.97%

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

	May 2016	May 2017	May 2018	May 2019	May 2020	May 2021	May 2022	May 2023	May 2024	May 2025
Sales/Revenue+	8.66B	7.83B	7.94B	9.54B	11.05B	11.18B	11.54B	12.28B	12.05B	11.61B
Revenue Growth %	-0.04%	-0.1%	0.01%	0.2%	0.16%	0.01%	0.03%	0.06%	-0.02%	-0.04%
Cost of Goods Sold+	6.23B	5.48B	5.59B	6.89B	7.98B	8.01B	8.7B	9.01B	8.72B	8.61B
COGS % of Revenue	0.72%	0.7%	0.7%	0.72%	0.72%	0.72%	0.75%	0.73%	0.72%	0.74%
Gross Profit+	2.43B	2.34B	2.35B	2.65B	3.07B	3.18B	2.84B	3.26B	3.33B	3B
Gross Margin %	0.28%	0.3%	0.3%	0.28%	0.28%	0.28%	0.25%	0.27%	0.28%	0.26%
Gross Profit Growth %	0.06%	-0.04%	0%	0.13%	0.16%	0.04%	-0.11%	0.15%	0.02%	-0.1%
Operating Expenses+	2.02B	1.47B	1.4B	1.47B	1.62B	1.4B	1.49B	2.19B	2.48B	1.64B
OpEx % of Revenue	0.23%	0.19%	0.18%	0.15%	0.15%	0.13%	0.13%	0.18%	0.21%	0.14%
Selling, General & Admin	2.02B	1.47B	1.4B	1.47B	1.62B	1.4B	1.49B	1.43B	1.49B	1.54B
SG&A % of Revenue	0.23%	0.19%	0.18%	0.15%	0.15%	0.13%	0.13%	0.12%	0.12%	0.13%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	757.6M	993.1M	101.6M
Operating Income+	404.6M	869.8M	953.1M	1.18B	1.45B	1.78B	1.35B	1.08B	852.8M	1.36B
Operating Margin %	0.05%	0.11%	0.12%	0.12%	0.13%	0.16%	0.12%	0.09%	0.07%	0.12%
Operating Income Growth %	-0.56%	1.15%	0.1%	0.24%	0.23%	0.23%	-0.24%	-0.2%	-0.21%	0.6%
EBITDA+	683.1M	1.14B	1.21B	1.51B	1.84B	2.16B	1.72B	1.45B	1.25B	1.75B
EBITDA Margin %	0.08%	0.15%	0.15%	0.16%	0.17%	0.19%	0.15%	0.12%	0.1%	0.15%
EBITDA Growth %	-0.43%	0.67%	0.06%	0.25%	0.21%	0.18%	-0.2%	-0.16%	-0.13%	0.4%
D&A (Non-Cash Add-back)	278.5M	268M	257M	333M	388.9M	387.7M	375.4M	369.9M	400.9M	390.2M
EBIT	405.8M	928.7M	1.04B	1.22B	1.46B	1.83B	1.56B	1.32B	1.05B	1.58B
Net Interest Income+	-295.8M	-195.5M	-158.7M	-391.4M	-487.1M	-420.4M	-379.9M	-409.6M	-430.5M	-414M
Interest Income	1.2M	3.7M	3.8M	6.8M	3.1M	1.9M	2.1M	3.9M	5.7M	2.5M
Interest Expense	297M	199.2M	162.5M	398.2M	490.2M	422.3M	382M	413.5M	436.2M	416.7M
Other Income/Expense	-229.7M	-69.1M	19M	-280.5M	-404M	-281.5M	-167.3M	-173.4M	-242.6M	-208.4M
Pretax Income+	174.9M	800.7M	972.1M	899.1M	1.04B	1.49B	1.18B	901.9M	610.2M	1.16B
Pretax Margin %	0.02%	0.1%	0.12%	0.09%	0.09%	0.13%	0.1%	0.07%	0.05%	0.1%
Income Tax+	46.4M	254.7M	174.6M	218.8M	201.3M	193.8M	290.5M	218.7M	262.5M	3.7M
Effective Tax Rate %	-3.87%	0.8%	0.83%	0.75%	0.81%	0.87%	0.75%	0.76%	0.57%	1%
Net Income+	-677M	639.3M	808.4M	678.3M	840.1M	1.3B	888.2M	683.6M	347.2M	1.15B
Net Margin %	-0.08%	0.08%	0.1%	0.07%	0.08%	0.12%	0.08%	0.06%	0.03%	0.1%
Net Income Growth %	-1.68%	1.94%	0.26%	-0.16%	0.24%	0.55%	-0.32%	-0.23%	-0.49%	2.32%
Net Income (Continuing)	128.5M	546M	797.5M	680.3M	841.8M	1.3B	888.2M	683.2M	347.7M	1.15B
Discontinued Operations	-794.4M	102M	14.3M	-1.9M	0	0	0	0	0	0
Minority Interest	81.2M	87M	80.4M	79.1M	74.6M	79.6M	74.5M	70.5M	70.9M	0
EPS (Diluted)+	-1.57	1.46	1.98	1.52	1.72	2.66	1.84	1.42	0.72	2.41
EPS Growth %	-1.62%	1.93%	0.36%	-0.23%	0.13%	0.55%	-0.31%	-0.23%	-0.49%	2.35%
EPS (Basic)	-1.57	1.48	2.00	1.53	1.72	2.67	1.85	1.43	0.73	2.41
Diluted Shares Outstanding	438.5M	436M	407.4M	445.6M	488.6M	487.8M	482.2M	480.7M	480M	478.3M
Basic Shares Outstanding	434.4M	431.9M	403.9M	444M	487.3M	485.8M	480.3M	478.9M	478.6M	478.3M
Dividend Payout Ratio	-	0.65%	0.42%	0.53%	0.49%	0.37%	0.66%	0.91%	1.9%	0.58%

Balance Sheet

	May 2016	May 2017	May 2018	May 2019	May 2020	May 2021	May 2022	May 2023	May 2024	May 2025
Total Current Assets+	3.58B	2.01B	1.94B	2.73B	2.89B	2.7B	3.03B	3.38B	3.15B	3.07B
Cash & Short-Term Investments	798.1M	251.4M	128M	236.6M	553.3M	79.2M	83.3M	93.3M	77.7M	68M
Cash Only	798.1M	251.4M	128M	236.6M	553.3M	79.2M	83.3M	93.3M	77.7M	68M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	650.1M	563.4M	569.4M	818.2M	860.8M	793.9M	867.4M	952.8M	871.8M	770M
Days Sales Outstanding	27.39	26.27	26.18	31.31	28.42	25.91	27.44	28.33	26.41	24.2
Inventory	1.04B	927.9M	988.7M	1.55B	1.36B	1.71B	1.97B	2.21B	2.08B	2.05B
Days Inventory Outstanding	61.12	61.77	64.59	82.11	62.39	77.95	82.54	89.6	87.21	86.84
Other Current Assets	935.8M	41.8M	67.9M	36.7M	13.1M	24.3M	0	126.7M	117M	184.7M
Total Non-Current Assets+	9.81B	8.08B	8.45B	19.48B	19.42B	19.49B	19.4B	18.67B	17.71B	17.86B
Property, Plant & Equipment	1.7B	1.63B	1.59B	2.33B	2.37B	2.57B	2.74B	2.74B	2.9B	2.84B
Fixed Asset Turnover	5.10x	4.79x	4.99x	4.10x	4.67x	4.35x	4.21x	4.49x	4.16x	4.09x
Goodwill	4.32B	4.3B	4.49B	11.44B	11.36B	11.34B	11.33B	11.11B	10.58B	10.5B
Intangible Assets	1.22B	1.22B	1.28B	4.54B	4.3B	4.12B	3.86B	3.19B	2.71B	2.42B
Long-Term Investments	0	0	0	0	0	0	0	0	0	936.8M
Other Non-Current Assets	2.57B	931M	1.09B	1.18B	1.39B	1.46B	1.48B	1.63B	1.52B	1.17B
Total Assets+	13.39B	10.1B	10.39B	22.21B	22.3B	22.2B	22.44B	22.05B	20.86B	20.93B
Asset Turnover	0.65x	0.78x	0.76x	0.43x	0.50x	0.50x	0.51x	0.56x	0.58x	0.55x
Asset Growth %	-0.23%	-0.25%	0.03%	1.14%	0%	-0%	0.01%	-0.02%	-0.05%	0%
Total Current Liabilities+	2.53B	1.72B	2.34B	2.14B	3.29B	3.31B	3.52B	4.44B	3.24B	4.32B
Accounts Payable	706.7M	773.1M	905.3M	1.25B	1.51B	1.66B	1.86B	1.53B	1.49B	1.59B
Days Payables Outstanding	41.37	51.46	59.15	66.37	68.89	75.5	78.25	61.78	62.54	67.41
Short-Term Debt	573.3M	227.2M	584.3M	21.6M	846.6M	730.5M	891.6M	2.15B	948.7M	1.87B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	463.9M	0	13.9M	-15.5M	18.5M	1.6M	0	16.1M	14.8M	707.7M
Current Ratio	1.41x	1.17x	0.83x	1.28x	0.88x	0.82x	0.86x	0.76x	0.97x	0.71x
Quick Ratio	1.00x	0.63x	0.41x	0.55x	0.46x	0.30x	0.30x	0.26x	0.33x	0.24x
Cash Conversion Cycle	47.14	36.58	31.63	47.04	21.92	28.36	31.73	56.14	51.08	43.63
Total Non-Current Liabilities+	7.06B	4.3B	4.3B	12.61B	11.07B	10.26B	10.05B	8.8B	9.11B	7.68B
Long-Term Debt	4.88B	2.77B	3.23B	10.66B	8.9B	8.28B	8.09B	7.08B	7.49B	6B
Capital Lease Obligations	0	0	0	0	206.1M	185.1M	199.4M	185.6M	172.2M	441.1M
Deferred Tax Liabilities	342M	466.5M	487.3M	1.35B	1.33B	1.27B	1.34B	1.14B	0	810.3M
Other Non-Current Liabilities	1.84B	1.06B	577.9M	602.8M	628.9M	526.3M	422M	393.9M	1.44B	436.5M
Total Liabilities	9.6B	6.02B	6.63B	14.75B	14.35B	13.56B	13.57B	13.25B	12.35B	12B
Total Debt+	5.45B	3B	3.82B	10.7B	9.95B	9.19B	9.18B	9.42B	8.61B	8.31B
Net Debt	4.66B	2.75B	3.69B	10.46B	9.4B	9.11B	9.1B	9.33B	8.54B	8.24B
Debt / Equity	1.44x	0.73x	1.02x	1.43x	1.25x	1.06x	1.04x	1.07x	1.01x	0.93x
Debt / EBITDA	7.99x	2.63x	3.15x	7.07x	5.42x	4.25x	5.33x	6.52x	6.87x	4.74x
Net Debt / EBITDA	6.82x	2.41x	3.05x	6.92x	5.12x	4.21x	5.28x	6.45x	6.81x	4.70x
Interest Coverage	1.36x	4.37x	5.87x	2.96x	2.95x	4.21x	3.52x	2.60x	1.96x	3.27x
Total Equity+	3.79B	4.08B	3.76B	7.46B	7.95B	8.63B	8.86B	8.81B	8.51B	8.93B
Equity Growth %	-0.18%	0.07%	-0.08%	0.99%	0.07%	0.09%	0.03%	-0.01%	-0.03%	0.05%
Book Value per Share	8.65	9.35	9.22	16.75	16.27	17.69	18.38	18.32	17.73	18.68
Total Shareholders' Equity	3.71B	3.99B	3.68B	7.38B	7.88B	8.55B	8.79B	8.74B	8.44B	8.93B
Common Stock	2.84B	2.84B	2.84B	2.92B	2.92B	2.92B	2.92B	2.92B	2.92B	2.92B
Retained Earnings	3.22B	4.25B	4.74B	5.05B	5.47B	6.26B	6.55B	6.6B	6.28B	6.76B
Treasury Stock	-3.14B	-4.05B	-4.98B	-2.76B	-2.73B	-2.98B	-3B	-3.12B	-3.08B	-3.11B
Accumulated OCI	-344.5M	-212.9M	-110.5M	-110.3M	-109.6M	5.8M	-11.2M	-44.4M	-35.5M	16.3M
Minority Interest	81.2M	87M	80.4M	79.1M	74.6M	79.6M	74.5M	70.5M	70.9M	0

Cash Flow

	May 2016	May 2017	May 2018	May 2019	May 2020	May 2021	May 2022	May 2023	May 2024	May 2025
Cash from Operations+	1.26B	1.18B	954.2M	1.13B	1.84B	1.47B	1.18B	995.4M	2.02B	1.69B
Operating CF Margin %	0.15%	0.15%	0.12%	0.12%	0.17%	0.13%	0.1%	0.08%	0.17%	0.15%
Operating CF Growth %	-0.16%	-0.07%	-0.19%	0.18%	0.64%	-0.2%	-0.2%	-0.15%	1.02%	-0.16%
Net Income	496M	546M	797.5M	680.3M	841.8M	1.3B	888.2M	683.2M	347.2M	1.15B
Depreciation & Amortization	373.9M	268M	257M	333M	388.9M	387.7M	375.4M	369.9M	400.9M	390.2M
Stock-Based Compensation	45.1M	36.1M	37.9M	33.7M	59.2M	63.9M	26.1M	79.2M	30.8M	41.5M
Deferred Taxes	565.8M	249.5M	-41.7M	0	247.2M	32.5M	-25.5M	-25.5M	0	0
Other Non-Cash Items	138.8M	-123.1M	-147.4M	-23.9M	-7.2M	-18.5M	131.5M	704.6M	1.11B	130.5M
Working Capital Changes	-360.4M	199M	50.9M	102.4M	312.7M	-298.4M	-218.4M	-816M	130.7M	-22.8M
Change in Receivables	-171.9M	104.7M	-4.7M	-69.1M	-43.8M	-16.9M	-69.5M	-102.1M	70.1M	173.8M
Change in Inventory	55.4M	123.3M	-62.8M	78M	163.5M	-364.3M	-232.8M	-265.3M	131.9M	-35.6M
Change in Payables	-111M	71M	144.9M	38.2M	234.4M	141.4M	223.6M	-248.9M	-22.7M	49.6M
Cash from Investing+	2.13B	-184M	-576.2M	-5.17B	-153.8M	-340.3M	-434.9M	-354.9M	-375M	-542.2M
Capital Expenditures	-440.2M	-242.1M	-251.6M	-353.1M	-369.5M	-506.4M	-464.4M	-362.2M	-388.1M	-389.3M
CapEx % of Revenue	0.05%	0.03%	0.03%	0.04%	0.03%	0.05%	0.04%	0.03%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.54B	-105.2M	12.5M	33.6M	14.1M	2.5M	23.5M	4.1M	13.1M	900K
Cash from Financing+	-2.73B	-1.57B	-506.9M	4.15B	-1.37B	-1.61B	-738M	-631.6M	-1.66B	-1.16B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-432.5M	-415M	-342.3M	-356.2M	-413.6M	-474.6M	-581.8M	-623.8M	-659.3M	-669.2M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-4M	822.3M	-19M	-108.6M	-14.2M	-16.8M	-22.4M	900K	-1.6M	2.4M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	767.2M	933.4M	702.6M	772.4M	1.47B	961.7M	712.9M	633.2M	1.63B	1.3B
FCF Margin %	0.09%	0.12%	0.09%	0.08%	0.13%	0.09%	0.06%	0.05%	0.14%	0.11%
FCF Growth %	-0.24%	0.22%	-0.25%	0.1%	0.91%	-0.35%	-0.26%	-0.11%	1.57%	-0.2%
FCF per Share	1.75	2.14	1.72	1.73	3.01	1.97	1.48	1.32	3.39	2.72
FCF Conversion (FCF/Net Income)	-1.86x	1.84x	1.18x	1.66x	2.19x	1.13x	1.33x	1.46x	5.81x	1.47x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-16.11%	16.24%	20.64%	12.09%	10.9%	15.67%	10.15%	7.74%	4.01%	13.21%
Return on Invested Capital (ROIC)	2.92%	8.54%	10.02%	6.97%	6.15%	7.59%	5.66%	4.47%	3.64%	5.98%
Gross Margin	28.04%	29.95%	29.62%	27.81%	27.77%	28.42%	24.61%	26.59%	27.66%	25.86%
Net Margin	-7.81%	8.17%	10.18%	7.11%	7.6%	11.61%	7.7%	5.57%	2.88%	9.92%
Debt / Equity	1.44x	0.73x	1.02x	1.43x	1.25x	1.06x	1.04x	1.07x	1.01x	0.93x
Interest Coverage	1.36x	4.37x	5.87x	2.96x	2.95x	4.21x	3.52x	2.60x	1.96x	3.27x
FCF Conversion	-1.86x	1.84x	1.18x	1.66x	2.19x	1.13x	1.33x	1.46x	5.81x	1.47x
Revenue Growth	-4.09%	-9.66%	1.42%	20.16%	15.89%	1.18%	3.14%	6.42%	-1.84%	-3.64%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Grocery And Snacks	-	3.21B	3.29B	3.28B	4.62B	4.64B	4.7B	4.98B	4.96B	4.9B
Grocery And Snacks Growth	-	-	2.44%	-0.24%	40.80%	0.44%	1.29%	6.06%	-0.47%	-1.20%
Refrigerated And Frozen	-	2.65B	2.75B	2.8B	4.56B	4.77B	4.86B	5.16B	4.87B	4.66B
Refrigerated And Frozen Growth	-	-	3.78%	1.85%	62.61%	4.72%	1.77%	6.11%	-5.64%	-4.18%
Foodservice	-	1.08B	1.05B	934.2M	952.4M	834M	1.01B	1.14B	1.15B	1.09B
Foodservice Growth	-	-	-2.18%	-11.43%	1.95%	-12.43%	20.91%	12.69%	1.06%	-4.68%
International	-	816M	843.5M	793.4M	925.3M	938.6M	970.8M	1B	1.08B	956.5M
International Growth	-	-	3.37%	-5.94%	16.62%	1.44%	3.43%	3.27%	7.56%	-11.30%
Pinnacle Foods	-	-	-	1.73B	-	-	-	-	-	-
Pinnacle Foods Growth	-	-	-	-	-	-	-	-	-	-
Commercial Foods	4.42B	71.1M	-	-	-	-	-	-	-	-
Commercial Foods Growth	-	-98.39%	-	-	-	-	-	-	-	-
Consumer Foods	7.23B	-	-	-	-	-	-	-	-	-
Consumer Foods Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Conagra Brands, Inc. (CAG) has a price-to-earnings (P/E) ratio of 7.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Conagra Brands, Inc. (CAG) reported $11.45B in revenue for fiscal year 2025. This represents a 14% decrease from $13.33B in 2012.

Conagra Brands, Inc. (CAG) saw revenue decline by 3.6% over the past year.

Yes, Conagra Brands, Inc. (CAG) is profitable, generating $850.1M in net income for fiscal year 2025 (9.9% net margin).

Dividend & Returns

Yes, Conagra Brands, Inc. (CAG) pays a dividend with a yield of 8.05%. This makes it attractive for income-focused investors.

Conagra Brands, Inc. (CAG) has a return on equity (ROE) of 13.2%. This is reasonable for most industries.

Conagra Brands, Inc. (CAG) generated $1.14B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.