Conagra Brands Inc. (CAG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.46	$0.47	+2.2%	—	—	—
Q4 26	$0.4	$0.39	-2.5%	—	—	—
Q3 26	$0.44	$0.45	+2.3%	—	—	—
Q2 26	$0.33	$0.39	+18.2%	—	—	—
Q1 26	$0.58	$0.56	-3.4%	—	—	—
Q4 25	$0.53	$0.51	-3.8%	—	—	—
Q3 25	$0.67	$0.7	+4.5%	—	—	—
Q2 25	$0.6	$0.53	-11.7%	—	—	—
Q1 25	$0.57	$0.61	+7.0%	—	—	—
Q4 24	$0.65	$0.69	+6.2%	—	—	—
Q3 24	$0.68	$0.71	+4.4%	—	—	—
Q2 24	$0.6	$0.66	+10.0%	—	—	—
Q1 24	$0.59	$0.62	+5.1%	—	—	—
Q4 23	$0.64	$0.76	+18.8%	—	—	—
Q3 23	$0.66	$0.81	+22.7%	—	—	—
Q2 23	$0.52	$0.57	+9.6%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	-$4	—	—	$11.3B	—
FY25	—	$2.4	—	—	$11.6B	—
FY24	—	$0.73	—	—	$12.1B	—
FY23	—	$1.43	—	—	$12.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$7.8B	$7.9B	$9.5B	$11.1B	$11.2B	$11.5B	$12.3B	$12.1B	$11.6B	$11.3B
YoY change	-9.66%	+1.42%	+20.2%	+15.9%	+1.18%	+3.14%	+6.42%	-1.84%	-3.64%	-2.85%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	7.8B	7.9B	9.5B	11.1B	11.2B	11.5B	12.3B	12.1B	11.6B	11.3B
Cost of revenue	5.5B	5.6B	6.9B	8B	8B	8.7B	9B	8.7B	8.6B	8.6B
Gross profit	2.3B	2.4B	2.7B	3.1B	3.2B	2.8B	3.3B	3.3B	3B	2.7B
Gross margin	29.9%	29.6%	27.8%	27.8%	28.4%	24.6%	26.6%	27.7%	25.9%	23.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.5B	1.4B	1.5B	1.6B	1.4B	1.5B	2.2B	2.5B	1.5B	1.4B
Operating expenses	1.4B	1.4B	1.4B	1.6B	1.3B	1.4B	2.2B	2.5B	1.5B	1.4B
Operating income	869.8M	953.1M	1.2B	1.4B	1.8B	1.3B	1.1B	852.8M	1.5B	1.3B
Operating margin	11.1%	12%	12.4%	13.1%	15.9%	11.7%	8.76%	7.08%	12.6%	11.2%
Non-operating income, net	55.2M	80.4M	35.1M	9.9M	54.5M	212.6M	236.2M	187.9M	106.7M	-2.7B
Pretax income	729.5M	874.8M	823.3M	969.9M	1.4B	1.2B	901.9M	610.2M	1.2B	-1.8B
Income tax	254.7M	174.6M	218.8M	201.3M	193.8M	290.5M	218.7M	262.5M	3.7M	91.8M
Net income	648M	811.8M	678.4M	841.8M	1.3B	888.2M	683.2M	347.7M	1.2B	-1.9B
Net margin	8.28%	10.2%	7.11%	7.62%	11.6%	7.7%	5.56%	2.89%	9.92%	-17%
EBITDA	1.2B	1.3B	1.6B	1.8B	2.2B	1.9B	1.7B	1.4B	2.1B	1.8B
EPS	1.48	2	1.53	1.72	2.67	1.85	1.43	0.73	2.4	-4
Diluted EPS	1.46	1.98	1.52	1.72	2.66	1.84	1.42	0.72	2.4	-4

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	2.9B	3.2B	3B	2.9B	2.8B	3.2B	2.8B	2.8B	2.6B	3B	2.8B	2.9B
Cost of revenue	2.1B	2.4B	2.2B	2.1B	2.1B	2.3B	2.1B	2.1B	2B	2.3B	2.1B	2.2B
Gross profit	823.1M	846.6M	858.8M	804.9M	739.3M	846.7M	710.3M	707.2M	640.6M	696M	657.7M	704.1M
Gross margin	28.3%	26.4%	28.3%	27.7%	26.5%	26.5%	25%	25.4%	24.3%	23.4%	23.6%	24.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	334.1M	398.1M	387.4M	1.4B	337.7M	444.1M	443.7M	333M	335.6M	325.1M	377.6M	401.1M
Operating expenses	334.1M	398.1M	387.4M	1.4B	337.7M	444.1M	443.7M	333M	335.6M	325.1M	377.6M	401.1M
Operating income	489M	448.5M	471.4M	-556.1M	401.6M	402.6M	266.6M	374.2M	305M	370.9M	280.1M	303M
Operating margin	16.8%	14%	15.5%	-19.1%	14.4%	12.6%	9.38%	13.5%	11.6%	12.5%	10%	10.5%
Non-operating income, net	35.2M	53.9M	-1.4M	190M	32.2M	51.6M	23.3M	20.8M	77.9M	-930.2M	42.6M	-1.9B
Pretax income	418.2M	389.1M	363.5M	-470.8M	328M	346M	189M	293.2M	289.1M	-655.3M	229.6M	-1.7B
Income tax	98.3M	102.9M	95.9M	-34.6M	-138.9M	61.5M	43.9M	37.2M	124.6M	8.3M	29.8M	-70.9M
Net income	319.9M	286.2M	308.8M	-567.2M	466.9M	284.5M	145.1M	256M	164.5M	-663.6M	199.8M	-1.6B
Net margin	11%	8.92%	10.2%	-19.5%	16.7%	8.9%	5.11%	9.2%	6.25%	-22.3%	7.17%	-56.1%
EBITDA	621.9M	602.5M	567.2M	-254.5M	533.8M	552.3M	415.8M	544.1M	438.4M	510M	424.6M	476.1M
EPS	0.67	0.6	0.64	-1.18	0.97	0.6	0.3	0.53	0.34	-1.39	0.42	-3.37
Diluted EPS	0.67	0.6	0.64	-1.18	0.97	0.59	0.3	0.53	0.34	-1.39	0.42	-3.37

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	16.6B	15B	11.9B	17B	18.5B	15.8B	16.7B	14.3B	10.9B	6.4B	6.8B
Enterprise value	19.4B	18.7B	22.3B	26.4B	27.6B	24.9B	26B	22.8B	18.9B	13.4B	14.1B
Shares outstanding	431.9M	403.9M	444M	487.3M	485.8M	480.3M	478.9M	478.6M	478.3M	479M	479M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	25.7	18.4	17.5	20.1	14.2	17.8	24.4	41.1	9.5	—	10.1
P/S	2.13	1.89	1.25	1.53	1.65	1.37	1.36	1.19	0.94	0.56	0.61
P/B	4.08	3.98	1.59	2.13	2.14	1.78	1.9	1.68	1.23	1	1.08
EV/EBITDA	16.2	14.4	14.4	14.3	12.4	12.9	15.4	15.8	9.17	7.25	8.1
EV/Sales	2.48	2.35	2.34	2.38	2.47	2.16	2.12	1.89	1.63	1.19	1.25
Earnings yield	3.89%	5.42%	5.71%	4.97%	7.03%	5.62%	4.09%	2.43%	10.5%	—	9.94%
FCF yield	5.58%	4.69%	6.5%	8.69%	5.2%	4.51%	3.79%	11.4%	11.9%	15.4%	12.7%
PEG	—	—	—	—	—	—	—	—	—	—	-0.01

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	29.9%	29.6%	27.8%	27.8%	28.4%	24.6%	26.6%	27.7%	25.9%	23.9%	24.4%
Operating margin	11.1%	12%	12.4%	13.1%	15.9%	11.7%	8.76%	7.08%	12.6%	11.2%	13.8%
Net margin	8.28%	10.2%	7.11%	7.62%	11.6%	7.7%	5.56%	2.89%	9.92%	-17%	-17%
ROE	15.9%	21.6%	9.09%	10.6%	15.1%	10%	7.76%	4.09%	12.9%	-30.1%	-25.1%
ROA	6.42%	7.81%	3.05%	3.77%	5.86%	3.96%	3.1%	1.67%	5.51%	-11.1%	4.4%
ROIC	8.3%	10.2%	4.84%	6.61%	8.64%	5.65%	4.49%	2.85%	8.63%	9.39%	9.39%
Return on tangible assets	-68.8%	-70.5%	-6.97%	-9.33%	-14.9%	-11.2%	-10.4%	-6.08%	-23.5%	73%	73%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.17	0.83	1.28	0.88	0.82	0.86	0.76	0.97	0.71	0.9	0.9
Quick ratio	0.63	0.41	0.55	0.46	0.3	0.3	0.26	0.33	0.24	0.31	0.31
Debt / equity	0.73	1.02	1.43	1.25	1.06	1.04	1.07	1.01	0.9	1.14	1.18
Debt / assets	0.3	0.37	0.48	0.45	0.41	0.41	0.43	0.41	0.39	0.42	0.42
Net debt / EBITDA	2.29	2.85	6.72	5.08	4.1	4.7	5.53	5.9	3.87	3.81	3.81
Interest coverage	4.66	6.38	3.07	2.98	4.34	4.09	3.18	2.4	3.76	-3.68	-3.68
Effective tax rate	34.9%	20%	26.6%	20.8%	13.7%	24.6%	24.2%	43%	0.32%	0%	0%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	18.1	19.7	21.5	22.7	23	24	25.6	25.2	24.3	23.6	23.6
EPS (basic)	1.48	2	1.53	1.72	2.67	1.85	1.43	0.73	2.4	-4	-4
EPS (diluted)	1.46	1.98	1.52	1.72	2.66	1.84	1.42	0.72	2.4	-4	-4
Book value per share	9.44	9.3	16.8	16.3	17.8	18.5	18.4	17.8	18.7	13.3	13.3
FCF per share	2.15	1.74	1.74	3.02	1.98	1.48	1.32	3.4	2.72	2.04	2.04
Cash per share	0.58	0.32	0.53	1.14	0.16	0.17	0.19	0.16	0.14	0.46	0.46
Capex per share	0.53	0.6	0.74	0.73	1.04	0.92	0.75	0.81	0.81	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	2.92%	3.07%	3.47%	3.22%	4.51%	3.85%	2.92%	3.21%	3.32%	—	—
Capex / operating cash flow	21.8%	24.9%	30.4%	21.3%	18.1%	39.7%	120.5%	43.2%	27.1%	—	—
Payout ratio	64%	42.2%	52.5%	49.1%	36.5%	65.5%	91.3%	189.6%	58.1%	-34.9%	79.1%
Dividend yield	2.49%	2.29%	3%	2.44%	2.56%	3.68%	3.74%	4.61%	6.11%	10.5%	4.94%

Yield

4.94%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.175

ex-dividend Jul 30, 2026

Payout ratio

79%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 30, 2026	$0.175
Apr 30, 2026	$0.35
Jan 27, 2026	$0.35

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$2.9B	$3.2B	$3B	$2.9B	$2.8B	$3.2B	$2.8B	$2.8B	$2.6B	$3B	$2.8B	$2.9B
YoY change	-0.01%	-3.16%	-1.74%	-2.27%	-3.76%	-0.41%	-6.33%	-4.27%	-5.81%	-6.76%	-1.87%	+3.61%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	251.4M	128M	236.6M	553.3M	79.2M	83.3M	93.3M	77.7M	68M	218M
Receivables	563.4M	569.4M	818.2M	860.8M	793.9M	867.4M	952.8M	871.8M	770M	658.2M
Inventory	927.9M	988.7M	1.5B	1.4B	1.7B	2B	2.2B	2.1B	2B	1.9B
Total current assets	2B	1.9B	2.7B	2.9B	2.7B	3B	3.4B	3.1B	3.1B	2.9B
Property, plant & equipment	-1.5B	-1.6B	-1.6B	-1.7B	-1.9B	-2.1B	-2.2B	-2.6B	-2.7B	-2.9B
Goodwill & intangibles	11B	11.5B	31.9B	31.3B	30.9B	30.4B	28.6B	26.6B	25.8B	19.9B
Total assets	10.1B	10.4B	22.2B	22.3B	22.2B	22.4B	22.1B	20.9B	20.9B	17.3B
Accounts payable	773.1M	905.3M	1.3B	1.5B	1.7B	1.9B	1.5B	1.5B	1.6B	1.5B
Short-term debt	227.2M	584.3M	21.6M	846.6M	730.5M	891.6M	2.2B	948.7M	1.8B	812.4M
Total current liabilities	1.7B	2.3B	2.1B	3.3B	3.3B	3.5B	4.4B	3.2B	4.3B	3.2B
Long-term debt	2.8B	3.2B	10.7B	9.1B	8.5B	8.3B	7.3B	7.7B	6.2B	6.5B
Total liabilities	6B	6.6B	14.8B	14.4B	13.6B	13.6B	13.2B	12.4B	12B	10.9B
Shareholders' equity	4.1B	3.8B	7.5B	8B	8.6B	8.9B	8.8B	8.5B	8.9B	6.4B
Total debt	3B	3.8B	10.7B	10B	9.2B	9.2B	9.4B	8.6B	8.1B	7.3B
Net debt	2.7B	3.7B	10.4B	9.4B	9.1B	9.1B	9.3B	8.5B	8B	7.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	93.3M	61.5M	78.5M	77.7M	128.7M	37.4M	49.4M	68M	698.1M	46.6M	55.1M	218M
Receivables	971.5M	974.1M	916.5M	871.8M	933.4M	856.9M	769.9M	770M	756.5M	835.5M	757M	658.2M
Inventory	2.4B	2.3B	2.1B	2.1B	2.2B	2.2B	2B	2B	2.3B	2.2B	1.9B	1.9B
Total current assets	3.6B	3.5B	3.3B	3.1B	3.4B	3.2B	3B	3.1B	3.8B	3.2B	2.9B	2.9B
Property, plant & equipment	-3.5B	-3.5B	-3.6B	-2.6B	-3.7B	-3.8B	-3.7B	-2.7B	-3.8B	-3.9B	-3.9B	-2.9B
Goodwill & intangibles	28.7B	28.5B	28.5B	26.6B	27B	27B	26B	25.8B	25.8B	23.9B	23.8B	19.9B
Total assets	22.4B	22.1B	21.9B	20.9B	21.2B	21B	20.7B	20.9B	21.2B	19.5B	19.2B	17.3B
Accounts payable	1.5B	1.5B	1.4B	1.5B	1.5B	1.6B	1.4B	1.6B	1.5B	1.5B	1.4B	1.5B
Short-term debt	1.5B	1.6B	1.2B	948.7M	1.3B	2.2B	1.9B	1.8B	1.1B	1.2B	875.3M	812.4M
Total current liabilities	3.9B	3.8B	3.5B	3.2B	3.6B	4.6B	4.3B	4.3B	3.6B	3.6B	3.2B	3.2B
Long-term debt	7.7B	7.5B	7.5B	7.7B	7.5B	6.2B	6.2B	6.2B	7.2B	6.5B	6.5B	6.5B
Total liabilities	13.4B	13B	12.7B	12.4B	12.6B	12.2B	12B	12B	12.3B	11.4B	11B	10.9B
Shareholders' equity	9B	9.1B	9.2B	8.5B	8.7B	8.8B	8.8B	8.9B	8.9B	8.1B	8.2B	6.4B
Total debt	9.3B	9.1B	8.7B	8.6B	8.8B	8.5B	8.1B	8.1B	8.3B	7.6B	7.3B	7.3B
Net debt	9.2B	9B	8.6B	8.5B	8.6B	8.4B	8.1B	8B	7.6B	7.6B	7.3B	7.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	546M	797.5M	680.3M	841.8M	1.3B	888.2M	683.2M	347.7M	1.2B	-1.9B
Depreciation & amortization	268M	257M	333M	388.9M	387.7M	375.4M	369.9M	400.9M	390.2M	396M
Stock-based compensation	36.1M	37.9M	33.7M	59.2M	63.9M	26.1M	79.2M	30.8M	41.5M	54.7M
Change in working capital	351.3M	87.9M	130.8M	377.2M	-215.4M	-112.9M	-830.3M	120.9M	-152.9M	178.6M
Operating cash flow	1.1B	976.8M	1.1B	1.7B	2.8B	1.1B	297.9M	896.9M	1.4B	1.4B
Capital expenditure	-228.9M	-243.6M	-330.6M	-355.5M	-503.9M	-444.2M	-359M	-387.3M	-385.9M	—
Investing cash flow	-60.3M	-576.2M	-5.2B	-153.8M	-340.3M	-434.9M	-354.9M	-375M	-542.2M	647.1M
Dividends paid	-415M	-342.3M	-356.2M	-413.6M	-474.6M	-581.8M	-623.8M	-659.3M	-669.2M	-669.7M
Share repurchases	-1B	-967.3M	0	0	-298.1M	-50M	-150M	0	-64M	-15.3M
Financing cash flow	-2.5B	-521.8M	3.9B	-1.4B	-1.9B	-1.6B	-963.9M	-1.8B	-1.6B	-2.4B
Net change in cash	-1.5B	-121.2M	-205.8M	136.8M	532.8M	-958.2M	-1B	-1.3B	-717M	-334M
Free cash flow	928.1M	702.6M	772.4M	1.5B	961.7M	712.9M	633.2M	1.6B	1.3B	978.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	319.9M	286.2M	308.8M	-567.2M	466.9M	284.5M	145.1M	256M	164.5M	-663.6M	199.8M	-1.6B
Depreciation & amortization	96.6M	99.3M	95.8M	109.2M	99.1M	97.5M	98.3M	95.3M	95.3M	97M	101.4M	102.3M
Stock-based compensation	-2.7M	6.2M	15.2M	12.1M	20.6M	9.2M	6.3M	5.4M	19.6M	13.5M	16.6M	5M
Change in working capital	-900K	14.7M	209.5M	-21M	-338.5M	74.2M	224.1M	-117.9M	-94.3M	-90.2M	338.6M	24.5M
Operating cash flow	423.1M	403.2M	636.3M	-484.3M	256M	460.4M	463M	250.9M	120.6M	210.6M	564.4M	506.5M
Capital expenditure	-143.4M	-70.1M	-95.5M	-78.3M	-132.7M	-80M	-88.2M	-85M	—	—	—	—
Investing cash flow	-138.4M	-65.5M	-91.7M	-79.4M	-286.3M	-80.2M	-91.2M	-85M	642.6M	5.4M	-900K	0
Dividends paid	-157.4M	-167.3M	-167.3M	-167.3M	-167.3M	-167.8M	-167.1M	-167M	-167.1M	-167.7M	-167.4M	-167.5M
Share repurchases	0	0	0	0	-64M	0	0	0	-15M	-300K	0	0
Financing cash flow	-465.2M	-380M	-999.6M	16M	54.6M	-526M	-578.3M	-551.6M	-769.1M	-599.4M	-688.4M	-326.3M
Net change in cash	-180.5M	-42.3M	-455M	-547.7M	24.3M	-145.8M	-206.5M	-385.7M	-5.9M	-383.4M	-124.9M	180.2M
Free cash flow	299.9M	340.7M	581.1M	405.8M	135.6M	403.2M	503.2M	260.6M	-26.2M	138.8M	468.8M	397.3M

Date	Ratio
Nov 10, 2016	1285:1000
Oct 2, 1997	2:1
Dec 2, 1991	3:2
Dec 4, 1989	3:2
Dec 2, 1986	2:1
Jul 1, 1985	2:3
Dec 3, 1984	3:2
Dec 8, 1980	2:1

Conagra Brands Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history