CAGNYSEFood and Kindred ProductsFiscal year ends May 30
CONAGRA BRANDS INC.
Financials through Q1 FY2027, quarter ended Aug 30, 2026Last filing: 10-Q on Sep 30, 2026
$14.03−0.44 (-3.04%)
Close on Oct 19, 2026
- Market cap
- $6.73B
- P/E (TTM)
- –
- Dividend yield
- 9.98%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
23.9%−4.5 pts over 5 years
Operating margin
-14.4%−33.6 pts over 5 years
Net margin
-17.0%−28.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -2.9% | -2.8% | +0.2% | +2.7% | |
| Gross profit | -10.2% | -6.2% | -3.2% | +1.1% | |
| Free cash flow | -24.9% | +15.6% | +0.4% | -0.0% | |
| Dividend per share | 0.0% | +2.0% | +6.2% | +3.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 16.6% | 15.8% | – | |
| Return on assets | 5.4% | 5.8% | -10.0% | |
| Current ratio | 1.17 | 0.82 | 0.90 | |
| Debt to equity | 0.74 | 1.05 | – | |
| Net debt to EBITDA | 1.80× | 3.53× | -5.72× | |
| Inventory turnover | 5.6× | 5.2× | 4.3× | |
| Capex to revenue | 3.1% | 4.5% | 3.8% | |
| Diluted shares | 436M | 488M | 479M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Conagra Brands generated $7.28B from operations and spent $5.51B on capital expenditure, dividends and share buybacks. 37% of that went back into the business.
Generated
$7.28B
Used
$5.51B
Capital expenditure$2.03B37%Dividends$3.20B58%Share buybacks$279.30M5%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.9%
×Asset turnover0.56×
×Equity multiplier2.41×
=Return on equity, FY202513.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.9% | 0.56× | 2.41× | 13.3% |
| FY2024 | 2.9% | 0.56× | 2.50× | 4.0% |
| FY2023 | 5.6% | 0.55× | 2.54× | 7.8% |
| FY2022 | 7.7% | 0.52× | 2.57× | 10.2% |
| FY2021 | 11.6% | 0.50× | 2.71× | 15.8% |
| FY2020 | 7.6% | 0.50× | 2.92× | 11.0% |
| FY2019 | 7.1% | 0.59× | 2.95× | 12.3% |
| FY2018 | 10.2% | 0.78× | 2.67× | 21.1% |
| FY2017 | 8.2% | 0.67× | 3.05× | 16.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$1.92B
- Cash generatingOperating cash flow above zero$1.40B
- Return on assets improvedROA up on the prior year5.5% → -9.2%
- Earnings backed by cashOperating cash flow above net income$1.40B vs -$1.92B
- Less leverageLong-term debt to assets fell29.8% → 37.4%
- Better liquidityCurrent ratio rose0.71 → 0.90
- No dilutionShare count did not rise480M → 479M
- Gross margin improvedGross margin up on the prior year25.86% → 23.92%
- More efficientAsset turnover rose0.56 → 0.54