Tearsheet

Conagra Brands (CAG)


Market Price (9/18/2025): $18.95 | Market Cap: $9.1 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

Conagra Brands (CAG)


Market Price (9/18/2025): $18.95
Market Cap: $9.1 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 20%, Dividend Yield is 7.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%, FCF Yield is 14%
Weak multi-year price returns
2Y Excs Rtn is -74%, 3Y Excs Rtn is -98%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 89%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3%, Rev Chg QQuarterly Revenue Change % is -4.3%
2 Low stock price volatility
Vol 12M is 25%
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 20%, Dividend Yield is 7.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16%, FCF Yield is 14%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
2 Low stock price volatility
Vol 12M is 25%
3 Weak multi-year price returns
2Y Excs Rtn is -74%, 3Y Excs Rtn is -98%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 89%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3%, Rev Chg QQuarterly Revenue Change % is -4.3%

Market Valuation

 9/18/25202420232022
Share Price CYE$18.95$26.49$26.11$33.83
Market Cap CYE ($ Bil)9.112.712.516.2
Total Debt ($ Bil)8.18.18.49.4
Total Cash ($ Bil)0.10.10.10.1
Enterprise Value ($ Bil)17.120.820.925.6
Valuation Ratios    
P/S TTM0.81.11.11.5
P/EBIT TTM5.88.413.114.1
P/E TTM7.911.539.527.1
Sector Ratios    
P/S TTM (Sector)0.90.90.90.9
P/EBIT TTM (Sector)8.48.910.09.4
P/E TTM (Sector)12.612.114.011.6
 9/18/252024
Share Price CYE$18.95$26.49
Market Cap CYE ($ Bil)9.112.7
Total Debt ($ Bil)8.18.1
Total Cash ($ Bil)0.10.1
Enterprise Value ($ Bil)17.120.8
Valuation Ratios  
P/S TTM0.81.1
P/EBIT TTM5.88.4
P/E TTM7.911.5
Sector Ratios  
P/S TTM (Sector)0.90.9
P/EBIT TTM (Sector)8.48.9
P/E TTM (Sector)12.612.1

Business Description

Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company in North America. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products in various retail channels in the United States. Show more

Price Returns Compared

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 202020212022202320242025Total [1]
Returns
CAG Return9%-3%18%-23%1%-29%-29%
Peers Return5%4%24%-13%-9%-15%-8%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GIS, HRL, SJM, CPB, LW. See CAG Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

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Financials

CAGGISHRLSJMCPBLWMedian
NameConagra .General .Hormel F.JM Smuck.Campbell.Lamb Wes. 
Mkt Price18.8949.1824.89105.1932.9355.6541.05
Mkt Cap9.027.013.711.29.87.810.5
Rev LTM11,61319,48712,0598,71410,2256,45110,919
Op Inc LTM1,4453,2879561,3501,3167651,333
FCF LTM1,3032,293628672723230698
FCF 3Y Avg1,1882,30479173667869764
CFO LTM1,6922,9189311,0271,1608681,093
CFO 3Y Avg1,5683,0001,0701,2211,0938091,157

Growth & Margins

CAGGISHRLSJMCPBLWMedian
NameConagra .General .Hormel F.JM Smuck.Campbell.Lamb Wes. 
Rev Chg LTM-3.6%-1.9%0.6%2.5%8.6%-0.3%0.2%
Rev Chg 3Y Avg0.3%0.9%-1.5%2.9%6.6%17.1%1.9%
Rev Chg Q-4.3%-3.3%4.6%-0.6%4.5%4.0%1.7%
QoQ Delta Rev Chg LTM-1.1%-0.8%1.1%-0.1%1.0%1.0%0.4%
Op Mgn LTM12.4%16.9%7.9%15.5%12.9%11.9%12.7%
Op Mgn 3Y Avg14.1%16.8%8.6%16.2%13.2%14.9%14.5%
QoQ Delta Op Mgn LTM-0.1%-1.4%-0.1%-3.5%0.2%-0.3%-0.2%
CFO/Rev LTM14.6%15.0%7.7%11.8%11.3%13.5%12.6%
CFO/Rev 3Y Avg13.1%15.1%8.9%14.3%11.3%13.3%13.2%
FCF/Rev LTM11.2%11.8%5.2%7.7%7.1%3.6%7.4%
FCF/Rev 3Y Avg10.0%11.6%6.5%8.6%7.0%1.2%7.8%

Valuation

CAGGISHRLSJMCPBLWMedian
NameConagra .General .Hormel F.JM Smuck.Campbell.Lamb Wes. 
Mkt Cap9.027.013.711.29.87.810.5
P/S0.81.41.11.31.01.21.2
P/EBIT5.78.013.1-11.710.311.79.1
P/E7.811.718.2-7.721.621.915.0
P/CFO5.39.214.710.98.59.09.1
Total Yield20.2%13.5%10.1%-8.9%8.1%7.2%9.1%
Dividend Yield7.4%5.0%4.6%4.1%3.5%2.6%4.3%
FCF Yield 3Y Avg9.7%6.6%4.3%5.9%5.9%0.9%5.9%
D/E0.90.60.20.70.70.50.6
Net D/E0.90.60.20.70.70.50.6

Returns

CAGGISHRLSJMCPBLWMedian
NameConagra .General .Hormel F.JM Smuck.Campbell.Lamb Wes. 
1M Rtn-0.5%-0.3%-12.0%-5.6%1.8%2.5%-0.4%
3M Rtn-10.5%-6.0%-16.7%10.7%3.4%5.2%-1.3%
6M Rtn-24.6%-15.0%-14.8%-2.6%-13.6%7.1%-14.2%
12M Rtn-38.5%-31.2%-20.1%-8.6%-34.3%-13.2%-25.7%
3Y Rtn-35.5%-27.4%-40.0%-15.4%-24.4%-23.4%-25.9%
1M Excs Rtn-2.8%-2.7%-14.3%-8.0%-0.5%0.1%-2.8%
3M Excs Rtn-21.1%-16.6%-26.7%2.1%-6.8%-6.5%-11.7%
6M Excs Rtn-42.5%-34.3%-32.8%-20.8%-31.8%-10.9%-32.3%
12M Excs Rtn-54.8%-47.8%-36.7%-26.7%-51.1%-28.5%-42.3%
3Y Excs Rtn-97.7%-88.9%-102.3%-77.5%-86.3%-87.3%-88.1%

Financials

Price Behavior

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity24,974,881
Short Interest: % Change Since 8152025-14.4%
Average Daily Volume13,953,869
Days-to-Cover Short Interest1.79
Basic Shares Quantity478,000,000
Short % of Basic Shares5.2%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/10/2025-4.4%-6.6%-3.8%
4/3/20251.5%-2.6%-8.2%
12/19/2024-2.0%0.7%-7.5%
10/2/2024-8.1%-10.8%-10.1%
7/11/2024-1.5%4.5%6.4%
4/4/20245.4%5.3%7.4%
1/4/2024-1.9%-0.2%1.8%
10/5/2023-2.0%3.1%5.6%
...
SUMMARY STATS   
# Positive111212
# Negative121111
Median Positive2.3%4.7%6.0%
Median Negative-2.9%-2.6%-4.8%
Max Positive15.9%16.0%21.9%
Max Negative-8.1%-10.8%-10.1%

SEC Filings

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Report DateFiling DateFiling
5312025710202510-K 5/25/2025
2282025403202510-Q 2/23/2025
113020241219202410-Q 11/24/2024
83120241002202410-Q 8/25/2024
5312024711202410-K 5/26/2024
2292024404202410-Q 2/25/2024
11302023104202410-Q 11/26/2023
83120231005202310-Q 8/27/2023
5312023713202310-K 5/28/2023
2282023405202310-Q 2/26/2023
11302022105202310-Q 11/27/2022
83120221006202210-Q 8/28/2022
5312022721202210-K 5/29/2022
2282022407202210-Q 2/27/2022
11302021106202210-Q 11/28/2021
83120211007202110-Q 8/29/2021

Insider Activity

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Industry Resources

Packaged Foods & Meats Resources
USDA Data