Conagra Brands
CAG NYSE· Packaged Foods & Meats
Last close · Oct 26, 2026
$14.58
KIRA · Stoqly’s AI analyst, in plain words
- Conagra Brands had $11.3B of revenue in fiscal 2026, down 2.9% on the year before. Over five years, revenue changed +0.2% a year on average.
- Its operating margin was −14.4%, down 26.2 pts: of every 100 in sales, about −14 is left after running the business.
- Conagra Brands lost $1.9B in fiscal 2026.
- Free cash flow was $979M in fiscal 2026, 8.7% of revenue.
- Conagra Brands returned $685M to shareholders in fiscal 2026, 70% of free cash flow. The diluted share count fell 0.2%.
- Conagra Brands owes $7.3B more than it holds in cash.
Market cap
$7.0B
P/E
—
Revenue
$11.3B
Net income
−$1.9B
Free cash flow
$979M
Operating margin
−14.4%
Conagra Brands in 30 seconds · fiscal 2026
Are sales growing?
−2.9%
No. Sales fell 2.9% last year.
Does it make a profit?
−17.0%
No. It lost money last year.
Does profit turn into cash?
8.7%
Partly. 8.7% of sales ends up as free cash.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
What Conagra Brands does
Conagra Brands, based in Chicago, makes packaged food that people buy in grocery stores and that restaurants and other food service businesses use. Its brands include Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-wip, Slim Jim and Angie's BOOMCHICKAPOP. It began as a flour-milling company in 1919 and now focuses on branded consumer foods. Some products are sold under licensed names, such as P.F. Chang's, Bertolli and Wendy's. It has four segments. Grocery & Snacks sells shelf-stable foods in the US. Refrigerated & Frozen sells chilled and frozen foods in the US. International sells branded food outside the US. Foodservice sells meals, sauces and custom-made foods to restaurants and similar customers, mostly in the US. It also holds an equity stake in Ardent Mills, a flour-milling joint venture. Its biggest customer, Walmart and its affiliates, was about 29% of net sales in fiscal 2026.
Biggest risks, in its own words
- Higher costs for ingredients, packaging, labor and energy that it may not be able to pass on in prices.
- Changes in trade policy and tariffs.
- Product recalls, product liability and labeling claims.
- Changes in its relationship with major customers, especially its largest customer.
- Fiscal year ends
- May 31, 2026
- Latest annual report
- 10-K · Jul 15, 2026
- Legal name
- CONAGRA BRANDS, INC.
- CIK
- 0000023217
Conagra Brands · CAG
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $11.5B | $12.3B | $12.1B | $11.6B | $11.3B |
| Revenue growth | 3.1% | 6.4% | −1.8% | −3.6% | −2.9% |
| Gross margin | 24.6% | 26.6% | 27.7% | 25.9% | 23.9% |
| Operating margin | 13.8% | 8.8% | 7.1% | 11.8% | −14.4% |
| Net income | $888M | $684M | $347M | $1.2B | −$1.9B |
| Net margin | 7.7% | 5.6% | 2.9% | 9.9% | −17.0% |
| Diluted EPS | $1.84 | $1.42 | $0.72 | $2.40 | −$4.00 |
| Cash | |||||
| Cash from operations | $1.2B | $995M | $2.0B | $1.7B | $1.4B |
| Capital expenditure | $464M | $362M | $388M | $389M | $423M |
| Free cash flow | $713M | $633M | $1.6B | $1.3B | $979M |
| FCF margin | 6.2% | 5.2% | 13.5% | 11.2% | 8.7% |
| Dividends paid | $582M | $624M | $659M | $669M | $670M |
| Share buybacks | $50.0M | $150M | $0.0M | $64.0M | $15.3M |
| Share count change | −1.2% | −0.3% | −0.2% | −0.1% | −0.2% |
| Debt and strength | |||||
| Cash and short-term investments | $83.3M | $93.3M | $77.7M | $68.0M | $218M |
| Debt incl. finance leases | $9.1B | $9.3B | $8.7B | $8.3B | $7.5B |
| Shareholders' equity | $8.8B | $8.7B | $8.4B | $8.9B | $6.4B |
| Net debt / EBITDA | 4.6x | 6.4x | 6.9x | 4.7x | — |
| Current ratio | 0.9x | 0.8x | 1.0x | 0.7x | 0.9x |
| Interest coverage | 4.0x | 2.6x | 1.9x | 3.2x | −4.4x |
| Returns and quality | |||||
| Return on capital | 6.7% | 4.5% | 2.8% | 7.9% | −8.3% |
| Return on equity | 10.2% | 7.8% | 4.0% | 13.3% | −25.1% |
| Piotroski F-score | 7 | 6 | 7 | 7 | 5 |
| Altman Z'' | 2.0 | 1.7 | 2.0 | 1.9 | 0.7 |
Insiders bought, 12 months
$1.1M
3 insiders
Insiders sold, 12 months
$0.2M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Conagra Brands · CAG
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Conagra Brands CAG | $7.0B | −2.9% | −14.4% | 8.7% | −8.3% | — | 5 |
| Hershey HSY | — | 4.4% | 12.3% | 15.6% | 11.5% | — | — |
| Hormel Foods HRL | $11.5B | 1.6% | 5.9% | 4.4% | 5.1% | 33.3x | 5 |
| Campbell's CPB | $6.2B | −5.0% | 8.7% | 7.0% | 6.2% | — | 5 |
| J.M. Smucker SJM | — | 3.7% | 4.0% | 12.8% | 2.2% | 60.1x | — |
KIRA
At $14.58 a share, the company is worth $7.0B.
Conagra Brands grew sales faster than 1 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0000023217). Data updated October 11, 2026. For information only — not investment advice. Check the original filings before relying on any figure.