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CAG

Conagra Brands, Inc.

CAG

Conagra Brands, Inc. • NYSE
$17.85 ▲ 0.17% (+0.03)
Market Cap $8.54 B
52w High $28.69
52w Low $16.60
Dividend Yield 1.40%
P/E 10.08
Volume 3.76M
Outstanding Shares 478.28M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $2.633B ▼ $293.2M ▼ $164.5M ▼ 6.249% ▼ $0.34 ▼ $480.8M ▼
Q4-2025 $2.782B ▼ $333M ▼ $256M ▲ 9.203% ▲ $0.54 ▲ $490.9M ▲
Q3-2025 $2.841B ▼ $443.7M ▼ $145.1M ▼ 5.107% ▼ $0.3 ▼ $388.6M ▼
Q2-2025 $3.195B ▲ $444.1M ▲ $284.5M ▼ 8.904% ▼ $0.6 ▼ $552.3M ▲
Q1-2025 $2.795B $337.7M $466.8M 16.702% $0.97 $533.8M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $698.1M ▲ $21.173B ▲ $12.257B ▲ $8.916B ▼
Q4-2025 $68M ▲ $20.934B ▲ $12.001B ▲ $8.933B ▲
Q3-2025 $49.4M ▲ $20.744B ▼ $11.965B ▼ $8.779B ▼
Q2-2025 $37.4M ▼ $21.018B ▼ $12.217B ▼ $8.801B ▲
Q1-2025 $128.7M $21.248B $12.552B $8.696B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $164.5M ▼ $120.6M ▼ $502M ▲ $7.2M ▲ $630.1M ▲ $-26.2M ▼
Q4-2025 $256M ▲ $345.7M ▼ $-85M ▲ $-244M ▲ $18.6M ▲ $260.6M ▼
Q3-2025 $145.1M ▼ $592M ▲ $-91.2M ▼ $-489.1M ▲ $12M ▲ $503.2M ▲
Q2-2025 $284.5M ▼ $485.6M ▲ $-79.7M ▲ $-495.3M ▼ $-91.3M ▼ $403.2M ▲
Q1-2025 $466.9M $268.6M $-286.3M $70.1M $51M $135.6M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Foodservice
Foodservice
 $270.00M ▲$290.00M ▲$260.00M ▼$280.00M ▲
Grocery And Snacks
Grocery And Snacks
 $1.18Bn ▲$1.32Bn ▲$1.25Bn ▼$1.15Bn ▼
International
International
 $260.00M ▲$240.00M ▼$220.00M ▼$230.00M ▲
Refrigerated And Frozen
Refrigerated And Frozen
 $1.09Bn ▲$1.34Bn ▲$1.12Bn ▼$1.12Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Conagra’s sales have been fairly steady over the past several years, without dramatic growth, but also without a structural collapse. The bigger story is on profits, which have been bumpy. After a period of pressure from costs and likely one‑time items, earnings dropped sharply and then rebounded, showing the business can still generate solid profit when execution and costs are under control. Overall, it looks like a mature, stable food business dealing with margin swings rather than big swings in demand.

Balance Sheet

Balance Sheet The balance sheet shows a large, established company with meaningful debt but also a solid equity base. Total assets have inched down slightly, suggesting some portfolio tightening rather than aggressive expansion. Debt has been slowly reduced, which is a positive sign for financial discipline, though leverage still matters and leaves the company sensitive to interest costs. Cash on hand is relatively light, so ongoing access to credit markets and steady cash generation remain important.

Cash Flow

Cash Flow Cash generation is a relative bright spot. Operating cash flow has improved after a weaker year, and free cash flow comfortably covers investment needs with room left over for debt reduction and shareholder returns. Capital spending has been consistent but not aggressive, pointing to a focus on maintaining and selectively upgrading the asset base rather than heavy expansion. Overall, Conagra looks like a cash‑generative business, as you would expect from a mature packaged foods company.

Competitive Edge

Competitive Edge Conagra’s strength comes from a broad portfolio of well‑known brands and a wide distribution footprint. Its presence in frozen meals, snacks, and pantry staples gives it shelf space across the grocery store, which is hard for smaller rivals to match. Scale in manufacturing and distribution also helps on costs and bargaining power with retailers. The flipside is that it competes in crowded categories with powerful retailers, private labels, and other global food companies, so it must keep refreshing its brands to defend shelf space and pricing.

Innovation and R&D

Innovation and R&D Innovation is increasingly data‑driven, with Conagra using consumer insights and artificial intelligence to decide what to launch and how to market it. The company is leaning into frozen foods and snacking, pushing both “better‑for‑you” options and indulgent, bold‑flavor products. It has been active in plant‑based foods, co‑branding, and globally inspired flavors, and is using partnerships with tech and consulting firms to speed up product development and marketing. The key risk is execution: staying ahead of fast‑changing tastes while avoiding overinvestment in fads like slower‑growing plant‑based segments.

Summary

Conagra looks like a mature, defensive food company with stable revenue, improving but still variable profitability, and solid cash generation. The balance sheet carries notable debt but is slowly improving, supported by reliable free cash flow. Competitively, the company benefits from strong brands and scale but operates in a highly contested, low‑growth environment where cost control and brand relevance are critical. Its focus on data‑driven innovation, AI, and targeted acquisitions suggests a clear strategy to refresh the portfolio and defend its moat, but success will depend on consistent execution and the ability to adapt quickly to consumer trends.

NEWS

November 19, 2025 · 7:30 AM UTC

Conagra Brands to Release Fiscal 2026 Second Quarter Earnings on December 19, 2025

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November 13, 2025 · 7:30 AM UTC

Conagra Brands Honors Employee Innovation with Its Sustainable Development Awards

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November 4, 2025 · 7:30 AM UTC

Conagra Brands to Participate in the J.P. Morgan U.S. Opportunities Forum

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October 14, 2025 · 8:00 AM UTC

Conagra Brands Showcases Impressive Array of Snacks at 2025 NACS Expo

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October 1, 2025 · 7:30 AM UTC

CONAGRA BRANDS REPORTS FIRST QUARTER RESULTS

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