Campbell's Co CPB

Consumer StaplesFood & TobaccoUnited States of America

Last close 22.14 USD on Nov 2, 2026, −15.5% year to date

Quant rating

Quant rating C Rank 68 of 124 in Consumer Staples

Growth C 84 of 124
Valuation B 21 of 124
Quality C 65 of 124
Revisions C 63 of 124
Momentum C 86 of 124

Wall Street consensus Hold (3.38)Average target 20.73 USD −6.4%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 6.6B
Enterprise value: 13.7B
52-week range: 18.61 – 32.03
3-year range: 18.61 – 51.89
Dividend yield: 4.67%
Beta (5 years): 0.05
Shares outstanding: 298M
Next earnings: Dec 7, 2026

About the company

The Campbell's Company provides affordable food and beverages. The Company is focused on brand powerhouse, across two divisions: Meals & Beverages and Snacks. The Company's portfolio of approximately 16 brands includes Campbell's, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao's, Snack Factory pretzel crisps, Snyder's of Hanover, Swanson and V8. It offers nutritious, convenient food for Canadian families. Its North American Foodservice division offers food, recipes, and tailored solutions for a range of segments, including healthcare facilities, restaurants and specialty coffee shops, schools, vending and micro-markets, and lodging throughout North America. Pacific Foods is a producer of organic broth and soup offering a range of organic and plant-based options, soups include Creamy Roasted Red Pepper & Tomato and new ready-to-serve canned soups.

Growth and profitability fiscal year ends July 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	9,744	10,253	9,636	9,357	8,562	–
Revenue growth	−5.0%	6.4%	3.0%	9.3%	1.0%	2.8%
EPS (basic, normalized)	2.17	2.97	3.08	3.00	2.85	–
EPS growth	−26.9%	−3.6%	2.7%	5.3%	–	–
Gross margin	28.5%	30.7%	31.1%	31.4%	30.7%	30.5%
Net margin	4.1%	5.9%	5.9%	9.2%	8.8%	6.8%
ROE	10.3%	15.6%	15.2%	24.5%	23.4%	17.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	394
Current ratio	0.82x
Long-term debt (mil)	6,160
Net debt (mil)	7,049
Total equity (mil)	3,850
Net debt / equity	1.83x
Net debt / EBITDA	4.42x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	9,744	−5.0%	1.4x	1,594	−16.9%	8.6x	2.17	−26.9%	10.2x
2027	9,499	−2.5%	1.4x	1,463	−8.2%	9.3x	1.70	−21.7%	13.0x
2028	9,468	−0.3%	1.4x	1,516	+3.6%	9.0x	1.84	+8.0%	12.1x
2029	9,557	+0.9%	1.4x	1,541	+1.7%	8.9x	1.95	+6.4%	11.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	9,499	0.0%	−2.5%	−3.3%	1.70	−0.1%	−10.6%	−22.7%
2028	9,468	0.0%	−3.7%	−4.5%	1.84	0.0%	−7.8%	−19.3%
2029	9,557	0.0%	−9.2%	−9.5%	1.95	0.0%	−7.0%	−16.5%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Sales reported (mil)	2,369	2,293	2,772	2,685	2,475	2,321	2,677	2,564	2,366	2,137
Sales mean (mil)	2,354	2,311	2,799	2,737	2,431	2,332	2,657	2,610	2,381	2,146
Surprise	+0.7%	−0.8%	−1.0%	−1.9%	+1.8%	−0.5%	+0.7%	−1.8%	−0.6%	−0.4%
EPS reported	0.75	0.63	0.89	0.74	0.73	0.62	0.77	0.51	0.50	0.39
EPS mean	0.70	0.62	0.87	0.72	0.66	0.56	0.73	0.57	0.48	0.39
Surprise	+7.2%	+1.8%	+1.9%	+2.3%	+11.3%	+10.5%	+4.9%	−10.0%	+4.5%	+0.9%

Peer comparison Food & Tobacco

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
CPB Campbell's Co	6.6B	4.42x	4.1%	1.71x	13.0x	12.1x	9.3x	9.0x
NESN Nestle SA	264.3B	–	10.1%	7.45x	19.1x	18.1x	15.4x	14.8x
MDLZ Mondelez International, Inc.	84.0B	3.14x	6.4%	3.17x	21.8x	19.7x	15.5x	14.4x
HSY The Hershey Company	34.4B	1.80x	7.6%	5.14x	19.7x	17.9x	12.7x	11.8x
KHC The Kraft Heinz Company	29.6B	2.86x	−23.4%	0.82x	12.2x	12.0x	9.4x	9.3x
TSN Tyson Foods Inc	20.1B	2.03x	0.9%	1.11x	16.2x	14.8x	8.3x	7.9x
Mean		2.85x	0.9%	3.23x	17.0x	15.8x	11.8x	11.2x
Median		2.86x	5.2%	2.44x	17.6x	16.4x	11.1x	10.6x

Technical analysis

1M+12.8%
3M+2.0%
1Y−21.9%
3Y−38.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Campbell's Co, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	9,744	10,253	9,636	9,357	8,562	8,476
Cost of revenue	6,963	7,102	6,639	6,422	5,930	5,662
Gross profit	2,781	3,151	2,997	2,935	2,632	2,814
Selling, general & administrative expenses	1,520	1,553	1,512	1,436	1,330	1,386
Research & development	95.0	97.0	99.0	89.0	87.0	84.0
Depreciation/amortization	41.0	68.0	73.0	48.0	41.0	42.0
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	321	301	287	84.0	31.0	−1.0
Other operating expenses	−48.0	8.0	26.0	−34.0	−20.0	−242
Operating income	852	1,124	1,000	1,312	1,163	1,545
Net interest income (expense)	−323	−328	−243	−184	−188	−209
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	529	796	757	1,128	975	1,336
Provision for taxes	124	194	190	270	218	328
Minority interest	−7.0	0	–	0	0	0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	398	602	567	858	757	1,008
Extraordinary items	–	–	–	0	0	−6.0
Net income	398	602	567	858	757	1,002
EBIT, normalized	1,173	1,425	1,287	1,396	1,194	1,544
EBITDA, normalized	1,586	1,859	1,698	1,783	1,531	1,861
Basic EPS, normalized	2.17	2.97	3.08	3.00	2.85	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Campbell's Co, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	394	132	108	189	109	69.0
Receivables	578	583	630	529	541	595
Total inventory	1,612	1,424	1,386	1,291	1,246	933
Prepaid expenses	–	–	–	–	–	–
Other current assets	136	93.0	66.0	52.0	67.0	98.0
Total current assets	2,720	2,232	2,190	2,061	1,963	1,695
Property, plant & equipment	3,153	3,093	3,031	2,673	2,582	2,605
Goodwill	5,321	4,991	5,077	3,965	3,979	3,981
Intangibles	4,198	4,356	4,716	3,142	3,198	3,239
Long-term investments	7.0	5.0	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	249	219	221	217	170	214
Total assets	15,648	14,896	15,235	12,058	11,892	11,734
Liabilities
Accounts payable	1,377	1,332	1,311	1,306	1,334	1,070
Payable/accrued	–	–	–	–	–	–
Accrued expenses	855	674	704	586	587	573
Short-term debt	944	730	1,398	178	235	37.0
Current portion of long-term debt	33.0	32.0	25.0	13.0	579	11.0
Other current liabilities	127	138	138	139	151	123
Total current liabilities	3,336	2,906	3,576	2,222	2,886	1,814
Long-term debt	6,160	6,095	5,761	4,498	3,996	5,010
Minority interest	306	2.0	2.0	2.0	2.0	2.0
Other liabilities	1,996	1,991	2,102	1,675	1,677	1,756
Total liabilities	11,798	10,994	11,441	8,397	8,561	8,582
Shareholders' equity
Preferred stock	0	0	–	0	0	–
Common stock	12.0	12.0	12.0	12.0	12.0	12.0
Additional paid-in capital	412	418	437	420	415	414
Retained earnings (accumulated deficit)	4,620	4,694	4,569	4,451	4,040	3,742
Treasury stock	−1,182	−1,207	−1,207	−1,219	−1,138	−1,021
Other equity	−12.0	−15.0	−17.0	−3.0	2.0	5.0
Total equity	3,850	3,902	3,794	3,661	3,331	3,152
Total liabilities & shareholders' equity	15,648	14,896	15,235	12,058	11,892	11,734

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Campbell's Co, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	405	602	567	858	757	1,002
Depreciation, depletion & amortization	413	434	411	387	337	317
Deferred taxes	33.0	−54.0	−47.0	−5.0	21.0	137
Non-cash items	393	425	460	170	149	−85.0
Changes in working capital	−205	−276	−206	−267	−83.0	−336
Cash from operations	1,039	1,131	1,185	1,143	1,181	1,035
Investing activities
Capital expenditures	−361	−426	−517	−370	−242	−275
Other investing cash flows	4.0	239	−2,611	30.0	12.0	117
Cash from investing	−357	−187	−3,128	−340	−230	−158
Financing activities
Financing cash flow items	−18.0	−42.0	−69.0	−18.0	−471	−15.0
Cash dividends paid	−470	−459	−445	−447	−451	−439
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	69.0	−418	2,377	−258	12.0	−1,215
Cash from financing	−419	−919	1,863	−723	−910	−1,669
Foreign exchange effects	−1.0	−1.0	−1.0	0	−1.0	2.0
Net change in cash	262	24.0	−81.0	80.0	40.0	−790
Free cash flow	678	705	668	773	939	760

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.