NYSE : CAG
Conagra Brands, Inc. — Financial statements
Consumer Staples · Packaged Foods · United States
Last price 14.57 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.96B
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Financial statements
Conagra Brands, Inc. (CAG) reported revenue of 11.24B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 11.24B | 11.28B | 11.61B | 12.05B | 12.28B | 11.54B |
| Cost of Revenue | 8.56B | 8.58B | 8.61B | 8.72B | 9.01B | 8.70B |
| Gross Profit | 2.68B | 2.70B | 3.00B | 3.33B | 3.26B | 2.84B |
| Selling, General & Admin | 1.42B | 1.43B | 1.33B | 1.48B | 1.41B | 1.22B |
| Operating Expenses | 1.42B | 1.43B | 1.33B | 1.48B | 1.41B | 1.22B |
| Operating Income | 1.26B | 1.27B | 1.67B | 1.86B | 1.86B | 1.62B |
| Interest Expense | -386.80M | -390.10M | -419.20M | -436.20M | -413.50M | -382.00M |
| Interest & Investment Income | 6.20M | 7.50M | 2.50M | 5.70M | 3.90M | 2.10M |
| Earnings From Equity Investments | 161.70M | 140.70M | 182.40M | 177.60M | 212.00M | 145.30M |
| EBT Excluding Unusual Items | 1.04B | 1.03B | 1.44B | 1.60B | 1.66B | 1.39B |
| Merger & Restructuring Charges | -6.90M | -3.80M | -91.10M | |||
| Impairment of Goodwill | -2.38B | -2.38B | -526.50M | -141.70M | ||
| Gain (Loss) on Sale of Assets | -200.00K | 42.20M | -29.50M | -36.40M | -26.70M | |
| Asset Writedown | -547.20M | -547.20M | -72.10M | -430.20M | -589.20M | -209.00M |
| Legal Settlements | 18.70M | 37.40M | -88.70M | |||
| Other Unusual Items | -3.50M | |||||
| Pretax Income | -1.88B | -1.82B | 1.16B | 610.20M | 901.90M | 1.18B |
| Income Tax Expense | 25.80M | 91.80M | 3.70M | 262.50M | 218.70M | 290.50M |
| Earnings From Continuing Operations | -1.91B | -1.92B | 1.15B | 347.70M | 683.20M | 888.20M |
| Net Income to Company | -1.91B | -1.92B | 1.15B | 347.70M | 683.20M | 888.20M |
| Minority Interest in Earnings | -100.00K | -500.00K | 400.00K | |||
| Net Income | -1.91B | -1.92B | 1.15B | 347.20M | 683.60M | 888.20M |
| Net Income to Common | -1.91B | -1.92B | 1.15B | 347.20M | 683.60M | 888.20M |
| Shares Outstanding (Basic) | 479.15M | 479.00M | 478.30M | 478.60M | 478.90M | 480.30M |
| Shares Outstanding (Diluted) | 479.15M | 479.00M | 479.70M | 480.00M | 480.70M | 482.20M |
| EPS (Basic) | -3.98 | -4.00 | 2.41 | 0.73 | 1.43 | 1.85 |
| EPS (Diluted) | -3.98 | -4.00 | 2.40 | 0.72 | 1.42 | 1.84 |
| Free Cash Flow | 877.00M | 978.70M | 1.30B | 1.63B | 633.20M | 712.90M |
| Free Cash Flow Per Share | 1.83 | 2.04 | 2.71 | 3.39 | 1.32 | 1.48 |
| Dividend Per Share | 1.23 | 1.40 | 1.40 | 1.40 | 1.32 | 1.25 |
| Gross Margin | 23.84% | 23.95% | 25.86% | 27.66% | 26.59% | 24.61% |
| Operating Margin | 11.20% | 11.27% | 14.40% | 15.40% | 15.13% | 14.06% |
| Profit Margin | -16.95% | -16.98% | 9.92% | 2.88% | 5.57% | 7.70% |
| Free Cash Flow Margin | 7.80% | 8.67% | 11.22% | 13.51% | 5.16% | 6.18% |
| EBITDA | 1.66B | 1.67B | 2.06B | 2.26B | 2.23B | 2.00B |
| EBITDA Margin | 14.74% | 14.77% | 17.76% | 18.73% | 18.14% | 17.32% |
| D&A For EBITDA | 398.10M | 395.50M | 390.20M | 400.90M | 369.90M | 375.40M |
| EBIT | 1.26B | 1.27B | 1.67B | 1.86B | 1.86B | 1.62B |
| EBIT Margin | 11.20% | 11.27% | 14.40% | 15.40% | 15.13% | 14.06% |
| Effective Tax Rate | 0.32% | 43.02% | 24.25% | 24.65% | ||
| Advertising Expenses | 279.40M | 263.20M | 289.60M | 290.10M | 244.60M |
Balance sheet
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 371.60M | 218.00M | 68.00M | 77.70M | 93.30M | 83.30M |
| Cash & Short-Term Investments | 371.60M | 218.00M | 68.00M | 77.70M | 93.30M | 83.30M |
| Receivables | 677.00M | 658.20M | 770.00M | 871.80M | 952.80M | 867.40M |
| Inventory | 2.15B | 1.91B | 2.05B | 1.98B | 2.21B | 1.97B |
| Prepaid Expenses | 143.90M | 94.20M | 84.90M | 79.30M | 69.40M | 85.20M |
| Other Current Assets | 13.30M | 6.30M | 99.80M | 139.20M | 57.30M | 31.10M |
| Total Current Assets | 3.36B | 2.88B | 3.07B | 3.15B | 3.38B | 3.03B |
| Property, Plant & Equipment | 2.82B | 3.03B | 3.04B | 2.99B | 2.93B | 2.95B |
| Long-Term Investments | 947.40M | 936.80M | 931.70M | 998.40M | 918.30M | |
| Goodwill | 8.12B | 8.12B | 10.50B | 10.33B | 11.11B | 11.33B |
| Other Intangible Assets | 1.82B | 1.83B | 2.42B | 2.48B | 3.19B | 3.86B |
| Other Long-Term Assets | 1.58B | 461.30M | 966.80M | 978.10M | 433.60M | 347.40M |
| Total Assets | 17.70B | 17.27B | 20.93B | 20.86B | 22.05B | 22.44B |
| Accounts Payable | 1.56B | 1.51B | 1.59B | 1.49B | 1.53B | 1.86B |
| Accrued Expenses | 662.80M | 775.40M | 684.60M | 710.90M | 665.70M | 699.00M |
| Short-Term Debt | 32.50M | 34.20M | 804.70M | 928.40M | 636.30M | 184.30M |
| Current Portion of Long-Term Debt | 787.50M | 762.10M | 999.40M | 100.00K | 1.50B | 686.70M |
| Current Portion of Leases | 52.10M | 69.10M | 56.90M | 59.50M | 65.90M | |
| Other Current Liabilities | 20.00M | 50.90M | 169.10M | 51.80M | 55.10M | 18.30M |
| Total Current Liabilities | 3.07B | 3.19B | 4.32B | 3.24B | 4.44B | 3.52B |
| Long-Term Debt | 6.94B | 6.23B | 6.00B | 7.24B | 6.99B | 7.98B |
| Long-Term Leases | 395.00M | 441.10M | 422.80M | 280.80M | 310.10M | |
| Pension & Post-Retirement Benefits | 112.50M | 122.10M | 128.00M | 137.70M | 161.20M | |
| Long-Term Deferred Tax Liabilities | 712.00M | 693.40M | 810.30M | 1.02B | ||
| Other Long-Term Liabilities | 579.10M | 296.20M | 314.40M | 295.10M | 1.40B | 1.61B |
| Total Liabilities | 11.30B | 10.92B | 12.00B | 12.35B | 13.25B | 13.57B |
| Common Stock | 2.92B | 2.92B | 2.92B | 2.92B | 2.92B | 2.92B |
| Additional Paid-In Capital | 2.26B | 2.32B | 2.35B | 2.36B | 2.38B | 2.32B |
| Retained Earnings | 4.26B | 4.17B | 6.76B | 6.28B | 6.60B | 6.55B |
| Treasury Stock | -3.05B | -3.06B | -3.11B | -3.08B | -3.12B | -3.00B |
| Comprehensive Income & Other | 6.60M | 7.40M | 16.30M | -35.50M | -44.40M | -11.20M |
| Total Common Equity | 6.40B | 6.36B | 8.93B | 8.44B | 8.74B | 8.79B |
| Minority Interest | 70.90M | 70.50M | 74.50M | |||
| Shareholders' Equity | 6.40B | 6.36B | 8.93B | 8.51B | 8.81B | 8.86B |
| Total Liabilities & Equity | 17.70B | 17.27B | 20.93B | 20.86B | 22.05B | 22.44B |
| Total Debt | 7.76B | 7.48B | 8.31B | 8.65B | 9.46B | 9.22B |
| Net Cash (Debt) | -7.39B | -7.26B | -8.24B | -8.57B | -9.37B | -9.14B |
| Net Cash Per Share | -15.42 | -15.15 | -17.18 | -17.85 | -19.49 | -18.96 |
| Filing Date Shares Outstanding | 477.41M | 478.57M | 477.44M | 478.21M | 477.06M | 480.09M |
| Total Common Shares Outstanding | 477.41M | 478.55M | 477.37M | 478.17M | 477.02M | 480.06M |
| Working Capital | 294.40M | -305.90M | -1.25B | -92.30M | -1.06B | -485.10M |
| Book Value Per Share | 13.42 | 13.29 | 18.71 | 17.65 | 18.32 | 18.31 |
| Tangible Book Value | -3.53B | -3.59B | -3.99B | -4.37B | -5.56B | -6.40B |
| Tangible Book Value Per Share | -7.40 | -7.51 | -8.36 | -9.14 | -11.67 | -13.33 |
| Land | 165.20M | 160.70M | 158.40M | 164.40M | 173.00M | |
| Buildings | 5.76B | 5.52B | 5.23B | 4.97B | 4.86B | |
| Machinery | 689.50M | 654.00M | 676.50M | 681.10M | 677.80M | |
| Construction In Progress | 233.00M | 227.10M | 247.00M | 314.40M | 183.60M |
Cash flow statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -1.91B | -1.92B | 1.15B | 347.20M | 683.60M | 888.20M |
| Depreciation & Amortization | 398.10M | 395.50M | 390.20M | 400.90M | 369.90M | 375.40M |
| Loss (Gain) From Sale of Assets | 200.00K | -42.20M | 29.50M | 36.40M | ||
| Asset Writedown & Restructuring Costs | 2.95B | 2.95B | 149.80M | 999.10M | 771.10M | 284.80M |
| Loss (Gain) on Equity Investments | -31.60M | 400.00K | -22.10M | 74.00M | -73.60M | -66.30M |
| Stock-Based Compensation | 49.40M | 54.70M | 41.50M | 30.80M | 79.20M | 26.10M |
| Other Operating Activities | -47.70M | -54.10M | -26.60M | 4.10M | -18.40M | -112.10M |
| Change in Accounts Receivable | 66.00M | 35.00M | 173.80M | 77.20M | -102.10M | -69.50M |
| Change in Inventory | 103.70M | 144.90M | -35.60M | 131.90M | -265.30M | -232.80M |
| Change in Accounts Payable | 37.00M | -56.00M | 49.60M | -22.70M | -248.90M | 223.60M |
| Change in Other Net Operating Assets | -171.70M | -29.80M | 13.40M | 17.80M | -11.60M | -131.40M |
| Operating Cash Flow | 1.28B | 1.40B | 1.69B | 2.02B | 995.40M | 1.18B |
| Capital Expenditures | -400.30M | -423.40M | -389.30M | -388.10M | -362.20M | -464.40M |
| Sale of Property, Plant & Equipment | 47.70M | 38.90M | 3.40M | 800.00K | 3.20M | 20.20M |
| Cash Acquisitions | -230.60M | |||||
| Divestitures | 5.30M | 648.90M | 76.80M | 100.00K | ||
| Investment in Securities | 5.90M | |||||
| Other Investing Activities | -1.80M | -1.80M | -2.50M | 12.30M | 4.10M | 3.30M |
| Investing Cash Flow | -349.10M | 262.60M | -542.20M | -375.00M | -354.90M | -434.90M |
| Short-Term Debt Issued | 116.40M | 338.00M | 476.50M | 681.40M | 392.60M | |
| Long-Term Debt Issued | 1.00B | 500.00M | 500.00M | 499.10M | ||
| Total Debt Issued | 609.70M | 1.12B | 338.00M | 976.50M | 1.18B | 891.70M |
| Short-Term Debt Repaid | -886.90M | -463.60M | -185.90M | -330.00M | -915.70M | |
| Long-Term Debt Repaid | -1.03B | -281.30M | -1.77B | -712.40M | -48.50M | |
| Total Debt Repaid | -1.14B | -1.92B | -744.90M | -1.96B | -1.04B | -964.20M |
| Net Debt Issued (Repaid) | -526.80M | -801.90M | -406.90M | -982.00M | 139.00M | -72.50M |
| Issuance of Common Stock | 2.30M | |||||
| Repurchase of Common Stock | -58.00M | -35.10M | -84.60M | -13.80M | -150.00M | -61.30M |
| Common Dividends Paid | -670.10M | -669.70M | -669.20M | -659.30M | -623.80M | -581.80M |
| Other Financing Activities | -1.10M | -9.40M | 2.40M | -1.60M | 900.00K | -22.40M |
| Financing Cash Flow | -1.26B | -1.52B | -1.16B | -1.66B | -631.60M | -738.00M |
| Foreign Exchange Rate Adjustments | 1.30M | 1.40M | -2.40M | 1.20M | 1.70M | -1.30M |
| Miscellaneous Cash Flow Adjustments | 1.30M | -700.00K | 500.00K | |||
| Net Cash Flow | -326.50M | 150.00M | -9.70M | -15.60M | 11.10M | 3.10M |
| Free Cash Flow | 877.00M | 978.70M | 1.30B | 1.63B | 633.20M | 712.90M |
| Free Cash Flow Margin | 7.80% | 8.67% | 11.22% | 13.51% | 5.16% | 6.18% |
| Free Cash Flow Per Share | 1.83 | 2.04 | 2.71 | 3.39 | 1.32 | 1.48 |
| Levered Free Cash Flow | 419.62M | 812.25M | 1.08B | 1.16B | 312.25M | 425.99M |
| Unlevered Free Cash Flow | 661.38M | 1.06B | 1.34B | 1.43B | 570.69M | 664.74M |
| Cash Interest Paid | 374.20M | 374.20M | 426.70M | 444.20M | 416.30M | 393.90M |
| Cash Income Tax Paid | 173.40M | 173.40M | 227.80M | 343.30M | 407.10M | 299.10M |
| Change in Working Capital | -135.50M | 12.60M | -22.80M | 123.10M | -816.40M | -218.80M |
Ratios
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.96B | 6.35B | 10.69B | 14.48B | 16.62B | 15.91B |
| Enterprise Value | 14.34B | 13.63B | 18.79B | 23.15B | 26.11B | 25.31B |
| Last Close Price | 14.57 | 13.13 | 20.38 | 26.17 | 28.73 | 26.36 |
| PE Ratio | 9.28 | 41.69 | 24.31 | 17.91 | ||
| Forward PE | 10.11 | 7.85 | 9.46 | 11.30 | 12.36 | 13.22 |
| PS Ratio | 0.62 | 0.56 | 0.92 | 1.20 | 1.35 | 1.38 |
| PB Ratio | 1.09 | 1.00 | 1.20 | 1.70 | 1.89 | 1.79 |
| P/FCF Ratio | 7.93 | 6.49 | 8.21 | 8.89 | 26.24 | 22.31 |
| P/OCF Ratio | 5.45 | 4.53 | 6.32 | 7.18 | 16.69 | 13.51 |
| PEG Ratio | 8.13 | 8.13 | 6.49 | 1.67 | 1.65 | |
| EV/Sales Ratio | 1.28 | 1.21 | 1.62 | 1.92 | 2.13 | 2.19 |
| EV/EBITDA Ratio | 8.65 | 8.18 | 9.11 | 10.25 | 11.72 | 12.67 |
| EV/EBIT Ratio | 11.39 | 10.72 | 11.24 | 12.47 | 14.06 | 15.60 |
| EV/FCF Ratio | 16.36 | 13.93 | 14.42 | 14.22 | 41.23 | 35.51 |
| Debt / Equity Ratio | 1.21 | 1.18 | 0.93 | 1.02 | 1.07 | 1.04 |
| Debt / EBITDA Ratio | 4.52 | 4.33 | 3.92 | 3.73 | 4.13 | 4.48 |
| Debt / FCF Ratio | 8.85 | 7.64 | 6.38 | 5.31 | 14.94 | 12.94 |
| Net Debt / Equity Ratio | 1.15 | 1.14 | 0.92 | 1.01 | 1.06 | 1.03 |
| Net Debt / EBITDA Ratio | 4.46 | 4.35 | 4.00 | 3.80 | 4.21 | 4.58 |
| Net Debt / FCF Ratio | 8.43 | 7.42 | 6.33 | 5.26 | 14.79 | 12.82 |
| Asset Turnover | 0.58 | 0.59 | 0.56 | 0.56 | 0.55 | 0.52 |
| Inventory Turnover | 3.88 | 4.34 | 4.27 | 4.16 | 4.31 | 4.73 |
| Quick Ratio | 0.34 | 0.28 | 0.19 | 0.29 | 0.24 | 0.27 |
| Current Ratio | 1.10 | 0.90 | 0.71 | 0.97 | 0.76 | 0.86 |
| Return on Equity (ROE) | -24.89% | -25.06% | 13.21% | 4.01% | 7.73% | 10.15% |
| Return on Assets (ROA) | 4.05% | 4.16% | 5.00% | 5.41% | 5.22% | 4.54% |
| Return on Invested Capital (ROIC) | 9.19% | 8.26% | 9.73% | 6.00% | 7.78% | 6.83% |
| Return on Capital Employed (ROCE) | 8.60% | 9.00% | 10.10% | 10.50% | 10.50% | 8.60% |
| Earnings Yield | -27.31% | -30.16% | 10.78% | 2.40% | 4.11% | 5.58% |
| FCF Yield | 12.61% | 15.40% | 12.18% | 11.24% | 3.81% | 4.48% |
| Dividend Yield | 4.80% | 10.54% | 6.25% | 4.62% | 3.79% | 3.77% |
| Payout Ratio | 58.07% | 189.89% | 91.25% | 65.50% | ||
| Buyback Yield / Dilution | 0.08% | 0.15% | 0.06% | 0.15% | 0.31% | 1.15% |
| Total Shareholder Return | 4.88% | 10.69% | 6.31% | 4.77% | 4.10% | 4.92% |