Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates in four segments: Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels. The Refrigerated & Frozen segment provides temperature-controlled food products through various retail channels. The International segment offers food products in various temperature states through retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, including meals, entrees, sauces, and various custom-manufactured culinary products packaged for restaurants and other foodservice establishments. The company sells its products under the Birds Eye, Marie Callender's, Duncan Hines, Healthy Choice, Slim Jim, Reddi-wip, Angie's, BOOMCHICKAPOP brands. Conagra Brands, Inc. was incorporated in 1919 and is headquartered in Chicago, Illinois.
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 | $11.6B | $2.0B | $1.2B | $1.3B | 12.9% | -3.6% | 231.9% |
| 2024 | $12.1B | $1.4B | $347M | $1.6B | 4.1% | -1.8% | -49.2% |
| 2023 | $12.3B | $1.7B | $684M | $633M | 7.8% | 6.4% | -23.0% |
| 2022 | $11.5B | $1.9B | $888M | $713M | 10.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 11,535.90 | 12,277 | 12,050.90 | 11,612.80 |
| Cost Of Revenue | - | 8,697.10 | 9,012.20 | 8,717.50 | 8,609.30 |
| Gross Profit | - | 2,838.80 | 3,264.80 | 3,333.40 | 3,003.50 |
| Operating Expense | - | 1,492.80 | 1,431.90 | 1,487.50 | 1,537.30 |
| Operating Income | - | 1,346 | 1,832.90 | 1,845.90 | 1,466.20 |
| EBITDA | - | 1,936.10 | 1,685.30 | 1,447.30 | 1,965.60 |
| EBIT | - | 1,560.70 | 1,315.40 | 1,046.40 | 1,575.40 |
| Pretax Income | - | 1,178.70 | 901.90 | 610.20 | 1,156.20 |
| Tax Provision | - | 290.50 | 218.70 | 262.50 | 3.70 |
| Net Income | - | 888.20 | 683.60 | 347.20 | 1,152.40 |
| Net Income Common Stockholders | - | 888.20 | 683.60 | 347.20 | 1,152.40 |
| Total Expenses | - | 10,189.90 | 10,444.10 | 10,205 | 10,146.60 |
| Interest Expense | - | 382 | 413.50 | 436.20 | 419.20 |
| Interest Income | - | 2.10 | 3.90 | 5.70 | 2.50 |
| Selling General And Administration | - | 1,492.80 | 1,431.90 | 1,487.50 | 1,537.30 |
| Normalized EBITDA | - | 1,936.10 | 2,442.90 | 2,440.40 | 2,067.20 |
| Normalized Income | - | 888.20 | 1,257.49 | 1,131.75 | 1,253.67 |
| Market Cap | 6,779.45 | 6,779.45 | 6,779.45 | 6,779.45 | 6,779.45 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Conagra Brands, Inc.this co. | CAG | $6.8B | 5.88β discount | 0.76 | 12.9% | 7.52 |
| Lamb Weston Holdings, Inc. | LW | $6.3B | 17.13 | 3.52 | 20.6% | 9.51 |
| The Campbell's Company | CPB | $6.1B | 10.21 | 1.58 | 15.4% | 8.40 |
| PriceSmart, Inc. | PSMT | $4.9B | 33.66 | 3.99 | 11.9% | 16.54 |
| Laureate Education, Inc. | LAUR | $4.6B |
| - |
| - |
| - |
| - |
| - |
| 15.71 |
| 3.72 |
| 23.7% |
| 9.17 |
| Stride, Inc. | LRN | $4.2B | 14.51 | 2.82 | 19.5% | 7.76 |
| Covista Inc. | CVSA | $4.0B | 15.67 | 2.59 | 16.5% | 10.04 |
| Cal-Maine Foods, Inc. | CALM | $3.7B | 2.96 | 1.41 | 47.6% | - |
| Freshpet, Inc. | FRPT | $3.2B | 23.32 | 2.68 | 11.5% | 19.83 |
| Peer Median | - | 15.69 | 2.75 | 18.0% | 9.51 | |