NASDAQ : CPB
The Campbell's Company — Financial statements
Consumer Staples · Packaged Foods · United States
Last price 21.94 USD (Nov 2, 2026, 1:37 PM EST) · Market cap 6.54B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
The Campbell's Company (CPB) reported revenue of 9.74B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 9.74B | 9.74B | 10.25B | 9.64B | 9.36B | 8.56B |
| Cost of Revenue | 6.96B | 6.96B | 7.10B | 6.62B | 6.42B | 5.93B |
| Gross Profit | 2.78B | 2.78B | 3.15B | 3.02B | 2.94B | 2.63B |
| Selling, General & Admin | 1.49B | 1.49B | 1.53B | 1.45B | 1.44B | 1.33B |
| Research & Development | 95.00M | 95.00M | 97.00M | 97.00M | 89.00M | 87.00M |
| Other Operating Expenses | -7.00M | -7.00M | 52.00M | 70.00M | 7.00M | 21.00M |
| Operating Expenses | 1.57B | 1.57B | 1.68B | 1.62B | 1.53B | 1.44B |
| Operating Income | 1.21B | 1.21B | 1.47B | 1.40B | 1.40B | 1.19B |
| Interest Expense | -331.00M | -331.00M | -345.00M | -249.00M | -188.00M | -189.00M |
| Interest & Investment Income | 8.00M | 8.00M | 17.00M | 6.00M | 4.00M | 1.00M |
| EBT Excluding Unusual Items | 884.00M | 884.00M | 1.15B | 1.16B | 1.22B | 1.01B |
| Merger & Restructuring Charges | -225.00M | -225.00M | -125.00M | -235.00M | -71.00M | -31.00M |
| Gain (Loss) on Sale of Assets | -25.00M | -13.00M | ||||
| Asset Writedown | -117.00M | -117.00M | -196.00M | -156.00M | -7.00M | |
| Legal Settlements | -14.00M | -14.00M | -5.00M | -5.00M | ||
| Other Unusual Items | -3.00M | |||||
| Pretax Income | 529.00M | 529.00M | 796.00M | 757.00M | 1.13B | 975.00M |
| Income Tax Expense | 124.00M | 124.00M | 194.00M | 190.00M | 270.00M | 218.00M |
| Earnings From Continuing Operations | 405.00M | 405.00M | 602.00M | 567.00M | 858.00M | 757.00M |
| Net Income to Company | 405.00M | 405.00M | 602.00M | 567.00M | 858.00M | 757.00M |
| Minority Interest in Earnings | -2.00M | -2.00M | ||||
| Net Income | 403.00M | 403.00M | 602.00M | 567.00M | 858.00M | 757.00M |
| Preferred Dividends & Other Adjustments | 5.00M | 5.00M | ||||
| Net Income to Common | 398.00M | 398.00M | 602.00M | 567.00M | 858.00M | 757.00M |
| Shares Outstanding (Basic) | 298.00M | 298.00M | 298.00M | 298.00M | 299.00M | 301.00M |
| Shares Outstanding (Diluted) | 300.00M | 300.00M | 300.00M | 300.00M | 301.00M | 302.00M |
| EPS (Basic) | 1.34 | 1.34 | 2.02 | 1.90 | 2.87 | 2.51 |
| EPS (Diluted) | 1.31 | 1.31 | 2.01 | 1.89 | 2.85 | 2.51 |
| Free Cash Flow | 678.00M | 678.00M | 705.00M | 668.00M | 773.00M | 939.00M |
| Free Cash Flow Per Share | 2.26 | 2.26 | 2.35 | 2.23 | 2.57 | 3.11 |
| Dividend Per Share | 1.56 | 1.56 | 1.54 | 1.48 | 1.48 | 1.48 |
| Gross Margin | 28.54% | 28.54% | 30.73% | 31.31% | 31.37% | 30.74% |
| Operating Margin | 12.39% | 12.39% | 14.38% | 14.52% | 14.99% | 13.94% |
| Profit Margin | 4.08% | 4.08% | 5.87% | 5.88% | 9.17% | 8.84% |
| Free Cash Flow Margin | 6.96% | 6.96% | 6.88% | 6.93% | 8.26% | 10.97% |
| EBITDA | 1.62B | 1.62B | 1.89B | 1.78B | 1.78B | 1.53B |
| EBITDA Margin | 16.63% | 16.63% | 18.41% | 18.50% | 19.05% | 17.88% |
| D&A For EBITDA | 413.00M | 413.00M | 414.00M | 384.00M | 380.00M | 337.00M |
| EBIT | 1.21B | 1.21B | 1.47B | 1.40B | 1.40B | 1.19B |
| EBIT Margin | 12.39% | 12.39% | 14.38% | 14.52% | 14.99% | 13.94% |
| Effective Tax Rate | 23.44% | 23.44% | 24.37% | 25.10% | 23.94% | 22.36% |
| Advertising Expenses | 387.00M | 387.00M | 400.00M | 350.00M | 365.00M | 314.00M |
Balance sheet
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 394.00M | 394.00M | 132.00M | 108.00M | 189.00M | 109.00M |
| Cash & Short-Term Investments | 394.00M | 394.00M | 132.00M | 108.00M | 189.00M | 109.00M |
| Accounts Receivable | 517.00M | 517.00M | 541.00M | 587.00M | 494.00M | 490.00M |
| Other Receivables | 61.00M | 61.00M | 42.00M | 43.00M | 35.00M | 51.00M |
| Receivables | 578.00M | 578.00M | 583.00M | 630.00M | 529.00M | 541.00M |
| Inventory | 1.61B | 1.61B | 1.42B | 1.39B | 1.29B | 1.25B |
| Other Current Assets | 136.00M | 136.00M | 93.00M | 66.00M | 52.00M | 67.00M |
| Total Current Assets | 2.72B | 2.72B | 2.23B | 2.19B | 2.06B | 1.96B |
| Property, Plant & Equipment | 3.15B | 3.15B | 3.09B | 3.03B | 2.67B | 2.58B |
| Long-Term Investments | 7.00M | 7.00M | 5.00M | |||
| Goodwill | 5.32B | 5.32B | 4.99B | 5.08B | 3.96B | 3.98B |
| Other Intangible Assets | 4.20B | 4.20B | 4.36B | 4.72B | 3.14B | 3.20B |
| Other Long-Term Assets | 249.00M | 249.00M | 219.00M | 221.00M | 217.00M | 170.00M |
| Total Assets | 15.65B | 15.65B | 14.90B | 15.23B | 12.06B | 11.89B |
| Accounts Payable | 1.38B | 1.38B | 1.33B | 1.31B | 1.31B | 1.33B |
| Accrued Expenses | 569.00M | 569.00M | 559.00M | 590.00M | 510.00M | 518.00M |
| Short-Term Debt | 373.00M | 373.00M | 332.00M | 250.00M | 178.00M | 235.00M |
| Current Portion of Long-Term Debt | 574.00M | 574.00M | 398.00M | 1.15B | 566.00M | |
| Current Portion of Leases | 136.00M | 136.00M | 128.00M | 115.00M | 83.00M | 76.00M |
| Current Income Taxes Payable | 4.00M | 4.00M | 4.00M | 7.00M | 20.00M | 3.00M |
| Other Current Liabilities | 303.00M | 303.00M | 153.00M | 155.00M | 125.00M | 154.00M |
| Total Current Liabilities | 3.34B | 3.34B | 2.91B | 3.58B | 2.22B | 2.89B |
| Long-Term Debt | 6.11B | 6.11B | 6.06B | 5.71B | 4.48B | 3.98B |
| Long-Term Leases | 258.00M | 258.00M | 297.00M | 314.00M | 223.00M | 193.00M |
| Pension & Post-Retirement Benefits | 183.00M | 183.00M | 199.00M | 221.00M | 230.00M | 260.00M |
| Long-Term Deferred Tax Liabilities | 1.39B | 1.39B | 1.35B | 1.43B | 1.07B | 1.07B |
| Other Long-Term Liabilities | 213.00M | 213.00M | 180.00M | 187.00M | 170.00M | 166.00M |
| Total Liabilities | 11.49B | 11.49B | 10.99B | 11.44B | 8.39B | 8.56B |
| Common Stock | 12.00M | 12.00M | 12.00M | 12.00M | 12.00M | 12.00M |
| Additional Paid-In Capital | 412.00M | 412.00M | 418.00M | 437.00M | 420.00M | 415.00M |
| Retained Earnings | 4.62B | 4.62B | 4.69B | 4.57B | 4.45B | 4.04B |
| Treasury Stock | -1.18B | -1.18B | -1.21B | -1.21B | -1.22B | -1.14B |
| Comprehensive Income & Other | -12.00M | -12.00M | -15.00M | -17.00M | -3.00M | 2.00M |
| Total Common Equity | 3.85B | 3.85B | 3.90B | 3.79B | 3.66B | 3.33B |
| Minority Interest | 306.00M | 306.00M | 2.00M | 2.00M | 2.00M | 2.00M |
| Shareholders' Equity | 4.16B | 4.16B | 3.90B | 3.80B | 3.66B | 3.33B |
| Total Liabilities & Equity | 15.65B | 15.65B | 14.90B | 15.23B | 12.06B | 11.89B |
| Total Debt | 7.45B | 7.45B | 7.21B | 7.54B | 4.97B | 5.05B |
| Net Cash (Debt) | -7.06B | -7.06B | -7.08B | -7.43B | -4.78B | -4.94B |
| Net Cash Per Share | -23.52 | -23.52 | -23.60 | -24.78 | -15.87 | -16.36 |
| Filing Date Shares Outstanding | 298.23M | 298.23M | 297.99M | 298.11M | 297.95M | 299.36M |
| Total Common Shares Outstanding | 298.00M | 298.00M | 298.00M | 298.00M | 298.00M | 299.00M |
| Working Capital | -616.00M | -616.00M | -674.00M | -1.39B | -161.00M | -923.00M |
| Book Value Per Share | 12.92 | 12.92 | 13.09 | 12.73 | 12.29 | 11.14 |
| Tangible Book Value | -5.67B | -5.67B | -5.45B | -6.00B | -3.45B | -3.85B |
| Tangible Book Value Per Share | -19.02 | -19.02 | -18.27 | -20.13 | -11.56 | -12.86 |
| Land | 85.00M | 85.00M | 74.00M | 74.00M | 74.00M | 74.00M |
| Buildings | 1.96B | 1.96B | 1.78B | 1.70B | 1.55B | 1.53B |
| Machinery | 4.72B | 4.72B | 4.47B | 4.33B | 4.00B | 3.93B |
| Construction In Progress | 214.00M | 214.00M | 344.00M | 314.00M | 291.00M | 141.00M |
Cash flow statement
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 403.00M | 403.00M | 602.00M | 567.00M | 858.00M | 757.00M |
| Depreciation & Amortization | 413.00M | 413.00M | 414.00M | 384.00M | 380.00M | 337.00M |
| Loss (Gain) From Sale of Assets | 25.00M | 13.00M | ||||
| Asset Writedown & Restructuring Costs | 184.00M | 184.00M | 220.00M | 194.00M | 23.00M | 5.00M |
| Stock-Based Compensation | 56.00M | 56.00M | 57.00M | 99.00M | 63.00M | 59.00M |
| Other Operating Activities | 144.00M | 144.00M | 48.00M | 70.00M | 22.00M | 64.00M |
| Change in Accounts Receivable | 21.00M | 21.00M | 26.00M | -16.00M | -1.00M | 48.00M |
| Change in Inventory | -89.00M | -89.00M | -80.00M | 11.00M | -64.00M | -314.00M |
| Change in Accounts Payable | -90.00M | -90.00M | -167.00M | -128.00M | -164.00M | 200.00M |
| Change in Other Net Operating Assets | -3.00M | -3.00M | -14.00M | 4.00M | 13.00M | 25.00M |
| Operating Cash Flow | 1.04B | 1.04B | 1.13B | 1.19B | 1.14B | 1.18B |
| Capital Expenditures | -361.00M | -361.00M | -426.00M | -517.00M | -370.00M | -242.00M |
| Cash Acquisitions | -55.00M | -55.00M | -144.00M | -2.65B | -13.00M | -1.00M |
| Divestitures | 58.00M | 58.00M | 379.00M | 34.00M | 42.00M | 2.00M |
| Other Investing Activities | 1.00M | 1.00M | 4.00M | 1.00M | 1.00M | 11.00M |
| Investing Cash Flow | -357.00M | -357.00M | -187.00M | -3.13B | -340.00M | -230.00M |
| Short-Term Debt Issued | 1.75B | 1.75B | 1.85B | 5.62B | 3.68B | 1.17B |
| Long-Term Debt Issued | 577.00M | 577.00M | 1.14B | 2.50B | 500.00M | |
| Total Debt Issued | 2.33B | 2.33B | 2.99B | 8.12B | 4.18B | 1.17B |
| Short-Term Debt Repaid | -1.78B | -1.78B | -1.80B | -5.58B | -3.75B | -997.00M |
| Long-Term Debt Repaid | -459.00M | -459.00M | -1.55B | -100.00M | -566.00M | -453.00M |
| Total Debt Repaid | -2.24B | -2.24B | -3.35B | -5.68B | -4.32B | -1.45B |
| Net Debt Issued (Repaid) | 95.00M | 95.00M | -356.00M | 2.44B | -138.00M | -277.00M |
| Issuance of Common Stock | 2.00M | 22.00M | 3.00M | |||
| Repurchase of Common Stock | -39.00M | -39.00M | -92.00M | -113.00M | -161.00M | -185.00M |
| Common Dividends Paid | -470.00M | -470.00M | -459.00M | -445.00M | -447.00M | -451.00M |
| Other Financing Activities | -5.00M | -5.00M | -12.00M | -23.00M | 1.00M | |
| Financing Cash Flow | -419.00M | -419.00M | -919.00M | 1.86B | -723.00M | -910.00M |
| Foreign Exchange Rate Adjustments | -1.00M | -1.00M | -1.00M | -1.00M | -1.00M | |
| Net Cash Flow | 262.00M | 262.00M | 24.00M | -81.00M | 80.00M | 40.00M |
| Free Cash Flow | 678.00M | 678.00M | 705.00M | 668.00M | 773.00M | 939.00M |
| Free Cash Flow Margin | 6.96% | 6.96% | 6.88% | 6.93% | 8.26% | 10.97% |
| Free Cash Flow Per Share | 2.26 | 2.26 | 2.35 | 2.23 | 2.57 | 3.11 |
| Levered Free Cash Flow | 634.50M | 634.50M | 717.62M | 576.75M | 766.38M | 851.12M |
| Unlevered Free Cash Flow | 841.38M | 841.38M | 933.25M | 732.38M | 883.88M | 969.25M |
| Cash Interest Paid | 320.00M | 320.00M | 330.00M | 194.00M | 193.00M | 188.00M |
| Cash Income Tax Paid | 93.00M | 93.00M | 268.00M | 252.00M | 268.00M | 196.00M |
| Change in Working Capital | -161.00M | -161.00M | -235.00M | -129.00M | -216.00M | -41.00M |
Ratios
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.60B | 6.55B | 9.64B | 13.96B | 13.79B | 14.83B |
| Enterprise Value | 13.66B | 13.49B | 16.76B | 21.34B | 18.61B | 19.63B |
| Last Close Price | 21.42 | 21.70 | 30.02 | 41.73 | 39.90 | 41.35 |
| PE Ratio | 16.86 | 16.47 | 16.01 | 24.62 | 16.07 | 19.59 |
| Forward PE | 13.06 | 11.49 | 11.61 | 14.74 | 15.12 | 17.27 |
| PS Ratio | 0.66 | 0.67 | 0.94 | 1.45 | 1.47 | 1.73 |
| PB Ratio | 1.66 | 1.58 | 2.47 | 3.68 | 3.76 | 4.45 |
| P/FCF Ratio | 9.55 | 9.67 | 13.67 | 20.89 | 17.84 | 15.80 |
| P/OCF Ratio | 6.23 | 6.31 | 8.52 | 11.78 | 12.06 | 12.56 |
| PEG Ratio | 42.43 | 42.43 | 2.52 | 3.30 | 8.77 | |
| EV/Sales Ratio | 1.39 | 1.39 | 1.64 | 2.21 | 1.99 | 2.29 |
| EV/EBITDA Ratio | 8.35 | 8.33 | 8.88 | 11.97 | 10.44 | 12.82 |
| EV/EBIT Ratio | 11.21 | 11.18 | 11.37 | 15.25 | 13.26 | 16.44 |
| EV/FCF Ratio | 19.95 | 19.90 | 23.78 | 31.94 | 24.07 | 20.91 |
| Debt / Equity Ratio | 1.79 | 1.79 | 1.85 | 1.99 | 1.36 | 1.51 |
| Debt / EBITDA Ratio | 3.63 | 3.63 | 3.10 | 3.48 | 2.32 | 2.70 |
| Debt / FCF Ratio | 10.99 | 10.99 | 10.23 | 11.29 | 6.43 | 5.38 |
| Net Debt / Equity Ratio | 1.70 | 1.70 | 1.81 | 1.96 | 1.30 | 1.48 |
| Net Debt / EBITDA Ratio | 4.36 | 4.36 | 3.75 | 4.17 | 2.68 | 3.23 |
| Net Debt / FCF Ratio | 10.41 | 10.41 | 10.04 | 11.13 | 6.18 | 5.26 |
| Asset Turnover | 0.64 | 0.64 | 0.68 | 0.71 | 0.78 | 0.72 |
| Inventory Turnover | 4.59 | 4.59 | 5.05 | 4.95 | 5.06 | 5.44 |
| Quick Ratio | 0.29 | 0.29 | 0.25 | 0.21 | 0.32 | 0.23 |
| Current Ratio | 0.81 | 0.81 | 0.77 | 0.61 | 0.93 | 0.68 |
| Return on Equity (ROE) | 10.05% | 10.05% | 15.64% | 15.20% | 24.53% | 23.34% |
| Return on Assets (ROA) | 4.94% | 4.94% | 6.12% | 6.41% | 7.32% | 6.32% |
| Return on Invested Capital (ROIC) | 8.33% | 8.33% | 10.04% | 10.65% | 12.77% | 11.13% |
| Return on Capital Employed (ROCE) | 9.80% | 9.80% | 12.30% | 12.00% | 14.30% | 13.30% |
| Earnings Yield | 5.93% | 6.15% | 6.25% | 4.06% | 6.22% | 5.10% |
| FCF Yield | 10.48% | 10.34% | 7.31% | 4.79% | 5.61% | 6.33% |
| Dividend Yield | 4.52% | 7.09% | 4.76% | 3.16% | 3.20% | 2.98% |
| Payout Ratio | 108.12% | 116.62% | 76.25% | 78.48% | 52.10% | 59.58% |
| Buyback Yield / Dilution | 0.33% | 0.33% | 0.98% | |||
| Total Shareholder Return | 4.61% | 7.09% | 4.76% | 3.49% | 3.53% | 3.97% |