The Campbell's Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. It operates through Meals & Beverages, and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; V8 juices and beverages; Campbell's tomato juice; Rao's pasta sauces, dry pasta, frozen entrées, frozen pizza, and soups; and Michael Angelo's frozen entrées and pasta sauces, as well as snacking products in foodservice in Canada. Its Snacks segment retails Pepperidge Farm cookies, crackers, fresh bakery, and frozen products, that includes Goldfish crackers, Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory pretzel crisps, and other snacking products. This segment is also involved in the snacking, and meals and beverage retail business in Latin America. It sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience and dollar stores, e-commerce and other retail, commercial, and non-commercial establishments, and independent contractor distributors. The company was formerly known as Campbell Soup Company and changed its name to The Campbell's Company in November 2024. The Campbell's Company was founded in 1869 and is headquartered in Camden, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $10.3B | $1.6B | $602M | $705M | 15.4% | 6.4% | 6.2% |
| 2024 | $9.6B | $1.4B | $567M | $668M | 14.9% | 3.0% | -33.9% |
| 2023 | $9.4B | $1.7B | $858M | $773M | 23.4% | 9.3% | 13.3% |
| 2022 | $8.6B | $1.5B | $757M | $939M | 22.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 8,562 | 9,357 | 9,636 | 10,253 |
| Operating Revenue | - | 8,562 | 9,357 | 9,636 | 10,253 |
| Cost Of Revenue | - | 5,935 | 6,440 | 6,665 | 7,134 |
| Gross Profit | - | 2,627 | 2,917 | 2,971 | 3,119 |
| Operating Expense | - | 1,479 | 1,605 | 1,745 | 1,766 |
| Research And Development | - | 87 | 92 | 102 | 100 |
| Selling General And Administration | - | 1,351 | 1,465 | 1,570 | 1,598 |
| Total Expenses | - | 7,414 | 8,045 | 8,410 | 8,900 |
| Operating Income | - | 1,148 | 1,312 | 1,226 | 1,353 |
| EBITDA | - | 1,501 | 1,703 | 1,417 | 1,575 |
| Normalized EBITDA | - | 1,506 | 1,737 | 1,619 | 1,800 |
| EBIT | - | 1,164 | 1,316 | 1,006 | 1,141 |
| Interest Income | - | 1 | 4 | 6 | 17 |
| Interest Expense | - | 189 | 188 | 249 | 345 |
| Net Interest Income | - | -188 | -184 | -243 | -328 |
| Other Non Operating Income Expenses | - | 20 | 34 | -24 | -4 |
| Other Income Expense | 275 | 15 | - | -226 | -229 |
| Interest Income Non Operating | - | 1 | 4 | 6 | 17 |
| Interest Expense Non Operating | - | 189 | 188 | 249 | 345 |
| Net Non Operating Interest Income Expense | - | -188 | -184 | -243 | -328 |
| Pretax Income | - | 975 | 1,128 | 757 | 796 |
| Tax Provision | - | 218 | 270 | 190 | 194 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.12 | -8.13 | -50.70 | -54.84 |
| Net Income Continuous Operations | - | 757 | 858 | 567 | 602 |
| Net Income From Continuing And Discontinued Operation | - | 757 | 858 | 567 | 602 |
| Net Income From Continuing Operation Net Minority Interest | - | 757 | 858 | 567 | 602 |
| Net Income | - | 757 | 858 | 567 | 602 |
| Net Income Common Stockholders | - | 757 | 858 | 567 | 602 |
| Net Income Including Noncontrolling Interests | - | 757 | 858 | 567 | 602 |
| Normalized Income | - | 760.88 | 883.87 | 718.30 | 772.16 |
| Diluted NI Availto Com Stockholders | - | 757 | 858 | 567 | 602 |
| Basic Average Shares | - | 301 | 299 | 298 | 298 |
| Diluted Average Shares | - | 302 | 301 | 300 | 300 |
| Reconciled Depreciation | - | 337 | 387 | 411 | 434 |
| Reconciled Cost Of Revenue | - | 5,639 | 6,101 | 6,327 | 6,768 |
| Total Unusual Items | - | -5 | -34 | -202 | -225 |
| Total Unusual Items Excluding Goodwill | - | -5 | -34 | -202 | -225 |
| Minority Interests | - | 0 | 0 | 0 | 0 |
| Net Income Discontinuous Operations | -6 | 0 | 0 | - | - |
| Special Income Charges | - | -5 | -34 | -202 | -225 |
| Gain On Sale Of Business | - | 0 | -13 | 0 | -25 |
| Impairment Of Capital Assets | - | 0 | 0 | 129 | 176 |
| Restructuring And Mergern Acquisition | - | 5 | 21 | 73 | 24 |
| Depreciation Amortization Depletion Income Statement | - | 41 | 48 | 73 | 68 |
| Depreciation And Amortization In Income Statement | - | 41 | 48 | 73 | 68 |
| General And Administrative Expense | - | 617 | 654 | 737 | 674 |
| Other Gand A | - | 617 | 654 | 737 | 674 |
| Salaries And Wages | -38 | - | - | - | - |
| Selling And Marketing Expense | - | 734 | 811 | 833 | 924 |
| Amortization | - | 41 | 48 | 73 | 68 |
| Amortization Of Intangibles Income Statement | - | 41 | 48 | 73 | 68 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Campbell's Companythis co. | CPB | $6.4B | 10.67↓ discount | 1.65 | 15.4% | 8.57 |
| Molson Coors Beverage Company | TAP | $7.2B | -3.37 | 0.70 | -20.9% | -8.20 |
| Conagra Brands, Inc. | CAG | $6.1B | 5.26 | 0.68 | 12.9% | 7.16 |
| Lamb Weston Holdings, Inc. | LW | $5.9B | 16.38 | 3.37 | 20.6% | 9.26 |
| PriceSmart, Inc. | PSMT | $5.3B |
| - |
| - |
| - |
| - |
| - |
| 36.16 |
| 4.29 |
| 11.9% |
| 17.75 |
| Laureate Education, Inc. | LAUR | $4.7B | 16.68 | 3.95 | 23.7% | 9.70 |
| Stride, Inc. | LRN | $4.3B | 15.06 | 2.93 | 19.5% | 8.07 |
| Covista Inc. | CVSA | $4.2B | 17.86 | 2.95 | 16.5% | 11.26 |
| The Vita Coco Company, Inc. | COCO | $4.2B | 59.24 | 12.74 | 21.5% | 48.36 |
| Peer Median | - | 16.53 | 3.16 | 18.0% | 9.48 | |