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Conagra Brands vs Campbell's: CAG and CPB compared
Conagra Brands is the larger company: $2.6B of revenue in its latest quarter (Q1 FY27) against $2.1B for Campbell's (Q4 FY26). Conagra Brands is growing faster (-1% against -8% a year earlier). Conagra Brands is more profitable, with an operating margin of 10.3% against 0.2%.
Where the money goes: CAG and CPB
Conagra Brands (CAG) · Q1 FY27
Conagra Brands, Q1 FY27: revenue $2.6B (-1% year over year), operating margin 10.3%, net earnings $174M, operating cash flow −$4.2M. The chart follows the revenue to costs, profit and cash.
Campbell's (CPB) · Q4 FY26
Campbell's, Q4 FY26: revenue $2.1B (-8% year over year), operating margin 0.2%, net loss $58.0M, operating cash flow $200M. The chart follows the revenue to costs, profit and cash.
| Conagra Brands (CAG) | Campbell's (CPB) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q4 FY26 |
| Revenue | $2.6B | $2.1B |
| Revenue growth, Y/Y | -1% | -8% |
| Gross margin | 23.8% | — |
| Operating margin | 10.3% | 0.2% |
| Net earnings | $174M | −$58.0M |
| Net margin | 6.7% | -2.7% |
| Operating cash flow | −$4.2M | $200M |
| Free cash flow | — | $136M |
| Market value | $7.3B | $6.9B |
| P/E | — | 17.0× |
| Analysts’ mean target | $13.74 | $20.79 |
Where the revenue comes from
Conagra Brands
- Frozen: $878M (34%)
- Other Shelf-stable: $552M (21%)
- Snacks: $499M (19%)
- Foodservice: $273M (11%)
Campbell's
- Snacks: $1.0B (48%)
- Other Simple Meals: $520M (24%)
- Soup: $419M (20%)
- Beverages: $163M (8%)
Questions
Which is bigger, Conagra Brands or Campbell's?
Conagra Brands is the larger company: $2.6B of revenue in its latest quarter (Q1 FY27) against $2.1B for Campbell's (Q4 FY26).
Is Conagra Brands or Campbell's growing faster?
Conagra Brands is growing faster (-1% against -8% a year earlier).
Which is more profitable, Conagra Brands or Campbell's?
Conagra Brands is more profitable, with an operating margin of 10.3% against 0.2%.
More: Conagra Brands earnings · how Conagra Brands makes money · Campbell's earnings · how Campbell's makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 30, 2026; 10-K filed Sep 24, 2026). Fiscal quarters can end on different dates. Not investment advice.