The Campbell's CompanyCPB
NasdaqGS•Consumer Defensive•Packaged Foods
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.
The Campbell's Company (CPB) reported trailing twelve months revenue of $9.93B as of May 2026, a 2.9% decline year-over-year. Quarterly revenue reached $2.37B, reflecting a contraction in sales.
The Campbell's Company generated $608.00M in TTM net income, with quarterly EBITDA of $344.00M. The operating margin expanded from 6.5% to 10.1%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (10.1%) and net margin (5.2%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 2.7% a year ago, signaling stronger bottom-line efficiency.
CPB trades at a P/E of 11.2x (below the broader market average) and a P/S of 0.7x. The price-to-book ratio of 1.7x reflects a moderate premium to book value.
The company generated $29.00M in free cash flow over the trailing twelve months, a 42.0% decrease year-over-year, indicating cash generation ability. The balance sheet shows $15.14B in total assets with $6.15B in long-term debt against $4.03B in stockholders equity for a debt-to-equity ratio of 1.5. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~10.0%, suggesting durable pricing power and cost discipline.
ROE is positive at ~14.2% on average, adequate but below the threshold typically associated with wide moats.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~11.2% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 1.5 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.