Campbell's (CPB)

Consumer Staples · $6.8B market cap · SEC CIK 0000016732

Next reports on Dec 9, 2026, with analysts expecting $0.42 in earnings per share.

52-week range $18.60 to $32.04. 29% below its 52-week high and 21% above its low.

The case for CPB

• Free cash flow of 9.9% of its market value a year: a lot of cash for the price.
• Pays a 3.6% dividend while you wait.
• Moves less than the market (beta 0.02).

The case against

• Earnings per share down 33.7%.
• Down 23.1% over the past year.
• Long-term debt of $6.2B would take 6 years of operating cash flow to repay.
• Pricey for its growth: 17.1× earnings, where 0% a year of growth plus a 3.6% dividend would justify about 13×.
• Revenue slipped 5.0% on the year.
• Profitability is weak (38/100): return on equity 10%, net margin 4.1%, gross margin 29%, 168% of profit turned to cash.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Consumer Staples companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Each factor except momentum is half fixed thresholds, half rank among the 36 Consumer Staples companies.

The financials

The financials, five years deep

Pulled from Campbell's's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Campbell's says it does

The Company Unless otherwise stated, the terms "we," "us," "our" and the "company" refer to The Campbell's Company and its consolidated subsidiaries. We are a manufacturer and marketer of high-quality, branded food and beverage products. We organized as a business corporation under the laws of New Jersey on November 23, 1922; however, through predecessor organizations, we trace our heritage in the food business back to 1869. Our principal executive offices are in Camden, New Jersey 08103-1799. On December 8, 2025, we entered into purchase agreements to acquire 49% of the issued and outstanding equity interests of La Regina di San Marzano di Antonio Romano S.p.A. (La Regina SPA) and La Regina Atlantica, LLC (La Regina Atlantica, and together with La Regina SPA, La Regina). La Regina currently produces all of our Rao’s tomato-based pasta sauces. The aggregate consideration for the transaction is $286 million to be paid in two tranches.…

Risk factors CPB lists in its 10-K

• Unfavorable global macroeconomic conditions, including economic recession or slow growth or periods of higher inflation in key markets may adversely affect consumer spending and demand for our products
• Our business, financial condition and results of operations could be adversely affected by disruptions in the global economy caused by ongoing geopolitical conflicts
• Changes in global trade policies, including tariff actions taken by the U.S. and reciprocal tariffs by its trading partners, remain uncertain and could impact our financial condition or results of operations
• We may not be able to increase prices or sustain price increases to fully offset inflationary pressures on costs, such as raw and
• packaging materials, finished products, labor and distribution costs
• Disruption to our supply chain could adversely affect our business
• Our results may be adversely affected by our inability to complete or realize the projected benefits of acquisitions, divestitures and other strategic transactions
• Our intellectual property rights are valuable, and any inability to protect them could reduce the value of our products and brands
• Our results may be adversely impacted if consumers do not maintain their favorable perception of our brands
• We may be adversely impacted by a disruption, failure or security breach of our information technology systems
• We may not be able to attract and retain the highly skilled people we need to support our business
• If we do not fully realize the expected cost savings and/or operating efficiencies associated with our strategic initiatives, our profitability could suffer
• We face significant competition in all our product categories, which may result in lower sales and margins
• We must identify changing consumer preferences and develop and offer food products and packaging to meet consumer preferences
• We may be adversely impacted by a changing customer landscape and the increased significance of some of our customers
• An impairment of the carrying value of goodwill or other indefinite-lived intangible assets could adversely affect our financial results and net worth
• We face risks related to inflation, recession, financial market disruptions
• We may be adversely impacted by our substantial indebtedness
• Our borrowing costs, ability to refinance debt, debt issuances and access to commercial paper markets could be adversely affected by a downgrade or potential downgrade of our credit ratings
• We may be adversely impacted by legal and regulatory proceedings or claims
• If we fail to comply with the many laws applicable to our business, we may face lawsuits or incur significant fines and penalties. In addition, changes in such laws, regulations or other policies may lead to increased costs
• If our food products become adulterated or are mislabeled, we might need to recall those items, and we may experience product liability claims and damage to our reputation
• Climate change, or legal, regulatory or market measures to address climate change, may negatively affect our business and operations
• Our business is subject to an increasing focus on sustainability matters

Filings

Other Consumer Staples companies