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NASDAQ NMS - GLOBAL MARKET · Food Products · CIK 0000016732
$21.26
+8.69% · delayed ~15 min
Last price from Oct 22, 2026
$6.34B market value
From CAMPBELL'S Co's FY2026 10-K, filed Sep 24, 2026 · read the filing
CAMPBELL'S makes food and drink. It took in $9.74B last year, which makes it a mid-sized company. Of every dollar it sells, about 4 cents is left as profit.
The financial picture is led by accounting, with profitability worth watching, while growth and debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score 1.50
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From CAMPBELL'S Co's FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Cash
$132.0M → $394.0M
Operating income
$1.12B → $852.0M
Profit
$602.0M → $403.0M
Earnings per share
$2.02 → $1.35
Measured against FY2025, from the 10-K filed Sep 24, 2026
Improved: +198.5%
$132.0M to $394.0MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: -24.2%
$1.12B to $852.0MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: -33.1%
How the latest move compares (quote delayed ~15 min), and what was published around it
CPB rose 8.69% on the latest quote. The average Consumer Staples company tracked here moved +3.89%, and the S&P 500 −1.04%. That is 4.8 points above its sector and 9.7 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 5% a year for the next 10 years. Over the last 10 years it shrank by about 5% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 4 cents of every dollar of sales as profit, earning $403.0M last year.
No. Sales shrank 5.0% last year.
Yes. Clearing its debt would take roughly 6.5 years of cash flow. For every $1 it owes, it owns $1.36 in assets. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It paid out more than it earned — 117 cents for every dollar of profit. A payment above earnings has to be funded from somewhere else, so it is worth checking whether that can continue. It paid out 45% of the cash its operations generated. It has paid in each of the last 12 years.
WeakNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2026 annual filing
Last year it earned $403.0M and generated $1.04B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Sep 24, 2026Filing for FY2026 | FY202510-K · Sep 18, 2025Filing for FY2025 | FY202410-K · Sep 19, 2024Filing for FY2024 | FY202310-K · Sep 21, 2023Filing for FY2023 | FY202210-K · Sep 22, 2022Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $9.74B | $10.25B | $9.64B | $9.36B | $8.56B | −5.0% |
| Cost of revenue | $7.00B | $7.13B | $6.67B | $6.44B | $5.93B | −1.9% |
| Gross profit | $2.74B† | $3.12B† | $2.97B† | $2.92B† | $2.63B† | −12.1% |
| Gross marginGross profit ÷ revenueWhat is this? | 28.1% | 30.4% | 30.8% | 31.2% | 30.7% | −2.3 pts |
| Selling, general and administrative | $646.0M | $674.0M | $737.0M | $654.0M | $617.0M | −4.2% |
| Operating income | $852.0M | $1.12B | $1.00B | $1.31B | $1.16B | −24.2% |
| Operating marginOperating income ÷ revenueWhat is this? | 8.7% | 11.0% | 10.4% | 14.0% | 13.6% | −2.2 pts |
| Interest expense | $331.0M | $345.0M | $249.0M | $188.0M | $189.0M | −4.1% |
| Income before tax | $529.0M | $796.0M | $757.0M | $1.13B | $975.0M | −33.5% |
| Net income | $403.0M | $602.0M | $567.0M | $858.0M | $757.0M | −33.1% |
| Net marginNet income ÷ revenueWhat is this? | 4.1% | 5.9% | 5.9% | 9.2% | 8.8% | −1.7 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $1.35 | $2.02 | $1.90 | $2.88 | $2.53 | −33.1% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| CPBCAMPBELL'S Co · this page | 5.0/10 | 6/9 | -5.0% |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Was granted or awarded shares — 18,844 shares
Holds 58,158 shares after this filing.
Was granted or awarded shares — 31,175 shares
Holds 102,153 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Proxy statement for a shareholder meeting
Read the filingReported another event
Read the filingWrite down why you are following CAMPBELL'S Co, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from CPB's 10-K for fiscal year 2026 (period ending 2026-08-02, filed Sep 24, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 5.0 | 6/9 | 10-K, filed Sep 24, 2026 |
| FY2025 | 7.0 | 7/9 | 10-K, filed Sep 18, 2025 |
| FY2024 | 6.0 | 4/9 | 10-K, filed Sep 19, 2024 |
| FY2023 | 7.0 | 8/9 | 10-K, filed Sep 21, 2023 |
| FY2022 | 7.0 | 5/9 | 10-K, filed Sep 22, 2022 |
| FY2021 | 7.0 | 6/9 | 10-K, filed Sep 23, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
1.50
In the distress zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.67
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
$602.0M to $403.0MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: -33.1%
$2.02 to $1.35Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Changed: -15.3%
$426.0M to $361.0MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Deteriorated: -12.1%
$3.12B to $2.74BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −2.3 pts
30.4% to 28.1%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −2.2 pts
11.0% to 8.7%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: −1.7 pts
5.9% to 4.1%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
5 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 3% and 7%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 28 analysts covering this company, as of . Their views, not this site's.
Of 28 analysts publishing on this company, 16 say hold, 10 say sell and 2 say strong sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 12.0% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 12.0x — investors pay $12.0 for each $1 of trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
| 4.1% |
| 15.73x |
| 2.98x |
| HRLHORMEL FOODS CORP /DE/ | 8.0/10 | 6/9 | 1.6% | 4.0% | 24.57x | 0.70x |
|---|
| CAGCONAGRA BRANDS INC. | 4.0/10 | 5/9 | -2.9% | -17.0% | — | 1.72x |
|---|
| Median of peers | 6.0/10 | — | -0.6% | -6.5% | 24.57x | 1.21x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Was granted or awarded shares — 20,322 shares
Holds 51,403 shares after this filing.
Was granted or awarded shares — 42,083 shares
Holds 119,069 shares after this filing.
Was granted or awarded shares — 27,132 shares
Holds 128,253 shares after this filing.
Was granted or awarded shares — 40,373 shares
Holds 81,099 shares after this filing.
Was granted or awarded shares — 8,619 shares
Holds 20,810 shares after this filing.
Was granted or awarded shares — 25,227 shares
Holds 46,732 shares after this filing.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Annual report for FY2026
Operating margin −2.2 pts · Cash +198.5% · Operating income -24.2% — against FY2025
Signed a material agreement
Read the filingPublished results
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q3 FY2026
Operating margin +3.6 pts · Operating income +48.4% · Profit +87.9% — against Q3 FY2025
Read the filingPublished results
Read the filingQuarterly report for Q2 FY2026
Operating margin −1.5 pts · Operating income -16.5% · Profit -16.2% — against Q2 FY2025
Read the filingPublished results
Read the filingReported another event
Read the filingMade a Regulation FD disclosure
Read the filingQuarterly report for Q1 FY2026
Cash -79.2% · Free cash flow -15.7% · Capital spending +15.5% — against Q1 FY2025
Read the filingPublished results
Read the filingSigned a material agreement · Sold shares outside a public offering
Read the filingHeld a shareholder vote
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2025
Revenue +6.4% · Cash +22.2% · Capital spending -17.6% — against FY2024
Read the filingHad a director or senior officer leave or join
Read the filingPrimary sources and further research