Conagra Brands (CAG) Financials

$26.19 +0.21 (+0.81%)

As of 03:58 PM Eastern

Annual Income Statements for Conagra Brands

This table shows Conagra Brands' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-253	-677	639	808	678	840	1,299	888	684	347
Consolidated Net Income / (Loss)	-241	-666	648	812	678	842	1,301	888	683	348
Net Income / (Loss) Continuing Operations	451	129	546	798	680	842	1,301	888	683	348
Total Pre-Tax Income	585	109	730	875	823	970	1,410	1,179	902	610
Total Operating Income	913	405	870	953	1,180	1,457	1,831	1,413	1,100	863
Total Gross Profit	2,296	2,429	2,344	2,352	2,653	3,070	3,179	2,839	3,265	3,333
Total Revenue	9,034	8,664	7,827	7,938	9,538	11,054	11,185	11,536	12,277	12,051
Operating Revenue	9,034	8,664	7,827	7,938	9,538	11,054	11,185	11,536	12,277	12,051
Total Cost of Revenue	6,738	6,235	5,483	5,587	6,885	7,985	8,006	8,697	9,012	8,718
Operating Cost of Revenue	6,738	6,235	5,483	5,587	6,885	7,985	8,006	8,697	9,012	8,718
Total Operating Expenses	1,383	2,025	1,474	1,398	1,473	1,613	1,349	1,426	2,165	2,470
Selling, General & Admin Expense	1,383	2,025	1,474	1,398	1,473	1,623	1,403	1,493	2,190	2,481
Other Operating Expenses / (Income)	-	-	-	-	-	-	-55	-67	-24	-10
Total Other Income / (Expense), net	-328	-296	-140	-78	-356	-487	-420	-235	-198	-253
Interest Expense	328	296	196	159	391	487	420	380	410	431
Interest & Investment Income	-	-	-	-	-	-	-	145	212	178
Income Tax Expense	213	46	255	175	219	201	194	291	219	263
Net Income / (Loss) Attributable to Noncontrolling Interest	12	11	8.70	3.40	0.10	1.70	2.10	0.00	-0.40	0.50
Basic Earnings per Share	($0.60)	($1.57)	$1.48	$2.00	$1.53	$1.72	$2.67	$1.85	$1.43	$0.73
Weighted Average Basic Shares Outstanding	426.10M	438.72M	416.60M	404.20M	443.30M	487.24M	480.33M	480.09M	477.06M	478.21M
Diluted Earnings per Share	($0.59)	($1.56)	$1.46	$1.98	$1.52	$1.72	$2.66	$1.84	$1.42	$0.72
Weighted Average Diluted Shares Outstanding	426.10M	438.72M	416.60M	404.20M	443.30M	487.24M	480.33M	480.09M	477.06M	478.21M
Weighted Average Basic & Diluted Shares Outstanding	426.10M	438.72M	416.60M	404.20M	443.30M	487.24M	480.33M	480.09M	477.06M	478.21M
Cash Dividends to Common per Share	$1.00	$1.00	$0.90	$0.85	$0.85	$0.85	$1.04	$1.25	$1.32	$1.40

This table shows Conagra Brands' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Income / (Loss) Attributable to Common Shareholders	-78	382	342	38	320	286	309	-567	467	285	145
Consolidated Net Income / (Loss)	-78	382	342	36	320	286	309	-567	467	285	145
Net Income / (Loss) Continuing Operations	-78	382	342	36	320	286	309	-567	467	285	145
Total Pre-Tax Income	-112	455	392	167	418	389	364	-471	328	346	189
Total Operating Income	-15	550	496	69	489	449	470	-544	405	406	270
Total Gross Profit	720	922	839	783	823	847	859	805	739	847	710
Total Revenue	2,904	3,313	3,087	2,973	2,904	3,208	3,033	2,906	2,795	3,195	2,841
Operating Revenue	2,904	3,313	3,087	2,973	2,904	3,208	3,033	2,906	2,795	3,195	2,841
Total Cost of Revenue	2,184	2,391	2,248	2,190	2,081	2,362	2,174	2,101	2,056	2,348	2,131
Operating Cost of Revenue	2,184	2,391	2,248	2,190	2,081	2,362	2,174	2,101	2,056	2,348	2,131
Total Operating Expenses	736	373	343	714	334	398	389	1,349	335	441	441
Selling, General & Admin Expense	742	373	349	726	334	398	387	1,361	338	444	444
Other Operating Expenses / (Income)	-6.10	-	-6.00	-	-	-	1.40	-12	-3.10	-3.10	-3.10
Impairment Charge	-	-	-	-	-	-	-	-	-	-	0.00
Total Other Income / (Expense), net	-97	-94	-104	98	-71	-59	-107	73	-77	-60	-81
Interest Expense	97	100	104	108	106	113	107	105	106	108	101
Interest & Investment Income	-	-	-	-	36	54	-	-	29	49	47
Other Income / (Expense), net	-	6.10	-	-	-0.30	-0.40	-	-	-	-	-27
Income Tax Expense	14	123	100	-18	98	103	96	-35	-139	62	44
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.30	0.50	-1.20	0.20	0.00	0.20	0.10	0.10	0.00	0.00
Basic Earnings per Share	($0.16)	$0.80	$0.72	$0.07	$0.67	$0.60	$0.64	($1.18)	$0.97	$0.60	$0.30
Weighted Average Basic Shares Outstanding	479.26M	476.62M	476.91M	477.06M	477.97M	478.01M	478.06M	478.21M	477.27M	477.32M	477.36M
Diluted Earnings per Share	($0.16)	$0.79	$0.71	$0.08	$0.67	$0.60	$0.64	($1.19)	$0.97	$0.59	$0.30
Weighted Average Diluted Shares Outstanding	479.26M	476.62M	476.91M	477.06M	477.97M	478.01M	478.06M	478.21M	477.27M	477.32M	477.36M
Weighted Average Basic & Diluted Shares Outstanding	479.26M	476.62M	476.91M	477.06M	477.97M	478.01M	478.06M	478.21M	477.27M	477.32M	477.36M
Cash Dividends to Common per Share	$0.33	$0.33	$0.33	-	$0.35	$0.35	$0.35	-	$0.35	$0.35	$0.35

This table details how cash moves in and out of Conagra Brands' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	0.00	651	-583	-123	109	317	-474	3.10	11	-15
Net Cash From Operating Activities	1,505	1,259	1,170	954	1,126	1,843	1,468	1,177	995	2,016
Net Cash From Continuing Operating Activities	840	626	1,136	920	1,114	1,843	1,468	1,177	995	2,016
Net Income / (Loss) Continuing Operations	451	129	546	798	680	842	1,301	888	683	348
Consolidated Net Income / (Loss)	-241	-666	648	812	678	842	1,301	888	683	348
Depreciation Expense	285	279	268	257	333	389	388	375	370	401
Non-Cash Adjustments To Reconcile Net Income	78	516	251	161	1.00	306	96	166	748	1,165
Changes in Operating Assets and Liabilities, net	26	-298	71	-296	100	306	-317	-253	-806	102
Net Cash From Investing Activities	-42	2,127	-184	-576	-5,166	-154	-340	-435	-355	-375
Net Cash From Continuing Investing Activities	134	-252	-60	-576	-5,166	-154	-340	-435	-355	-375
Purchase of Property, Plant & Equipment	-237	-278	-242	-252	-353	-370	-506	-464	-362	-388
Purchase of Investments	-	-	0.00	0.00	-61	-47	-12	-4.50	-5.20	-10
Sale of Property, Plant & Equipment	0.00	36	13	8.00	23	14	2.50	20	3.20	0.80
Divestitures	0.00	0.00	489	0.00	282	195	161	0.10	0.00	0.00
Sale and/or Maturity of Investments	391	-	0.00	0.00	52	54	15	10	5.20	10
Other Investing Activities, net	-21	-10	5.30	4.50	11	0.10	0.00	3.30	4.10	12
Net Cash From Financing Activities	-1,454	-2,733	-1,569	-507	4,150	-1,370	-1,610	-738	-632	-1,657
Net Cash From Continuing Financing Activities	-1,427	-2,729	-2,408	-507	4,150	-1,370	-1,610	-738	-632	-1,657
Repayment of Debt	-1,631	-2,523	-1,081	-261	-4,359	-948	-2,111	-987	-647	-1,950
Repurchase of Common Equity	-50	0.00	-1,000	-967	0.00	0.00	-298	-50	-150	0.00
Payment of Dividends	-425	-433	-415	-342	-356	-414	-475	-582	-624	-659
Issuance of Debt	550	9.50	14	1,049	8,311	0.00	1,287	892	787	967
Other Financing Activities, net	0.00	0.00	0.00	15	-1.60	-8.80	-13	-11	2.30	-14
Other Net Changes in Cash	-	-	-0.20	5.50	-0.70	-	-	-1.30	1.70	1.20

This table details how cash moves in and out of Conagra Brands' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Net Change in Cash & Equivalents	-16	-28	32	23	-0.60	-31	16	-0.10	50	-91	12
Net Cash From Operating Activities	264	34	406	292	444	411	677	484	269	486	592
Net Cash From Continuing Operating Activities	264	34	406	292	444	411	677	484	269	486	592
Net Income / (Loss) Continuing Operations	-78	382	342	36	320	286	309	-567	467	285	145
Consolidated Net Income / (Loss)	-78	382	342	36	320	286	309	-567	467	285	145
Depreciation Expense	93	93	92	93	97	99	96	109	99	98	98
Non-Cash Adjustments To Reconcile Net Income	405	5.70	-23	360	9.70	130	29	1,000	7.00	56	127
Changes in Operating Assets and Liabilities, net	-156	-446	-5.60	-198	17	-105	244	-57	-304	48	222
Net Cash From Investing Activities	-123	-59	-78	-95	-138	-66	-92	-79	-286	-80	-91
Net Cash From Continuing Investing Activities	-123	-59	-78	-95	-138	-66	-92	-79	-286	-80	-91
Purchase of Property, Plant & Equipment	-125	-63	-79	-95	-144	-70	-96	-79	-133	-82	-89
Sale of Property, Plant & Equipment	2.00	0.40	0.70	0.10	0.20	0.30	0.10	0.20	0.30	2.40	0.60
Other Investing Activities, net	0.00	4.10	-	-	5.00	4.60	3.80	-1.10	0.00	0.50	-3.00
Net Cash From Financing Activities	-154	-3.00	-297	-177	-307	-376	-567	-406	70	-495	-489
Net Cash From Continuing Financing Activities	-154	-3.00	-297	-177	-307	-376	-567	-406	70	-495	-489
Repayment of Debt	54	-419	-601	320	-680	-260	22	-1,033	286	-363	-354
Payment of Dividends	-150	-159	-158	-157	-157	-167	-167	-167	-167	-168	-167
Issuance of Debt	0.00	672	456	-341	544	50	-421	794	35	36	33
Other Financing Activities, net	-8.30	2.60	6.60	1.40	-14	0.40	-0.50	-	-20	-0.30	-0.40
Other Net Changes in Cash	-	-	-	2.50	1.40	0.20	-	1.40	-2.70	-1.90	0.30

This table presents Conagra Brands' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	17,438	13,391	10,096	10,390	22,214	22,304	22,196	22,435	22,053	20,862
Total Current Assets	3,563	3,577	2,013	1,939	2,734	2,886	2,702	3,034	3,385	3,150
Cash & Equivalents	165	798	251	128	237	553	79	83	93	78
Accounts Receivable	739	650	563	569	818	861	794	867	953	872
Inventories, net	1,643	1,044	928	989	1,549	1,365	1,710	1,967	2,212	2,083
Prepaid Expenses	-	-	-	-	-	-	95	116	92	85
Other Current Nonoperating Assets	849	936	42	68	47	13	24	-	34	32
Plant, Property, & Equipment, net	2,645	1,698	1,633	1,590	2,327	2,365	2,572	2,737	2,736	2,876
Plant, Property & Equipment, gross	6,068	4,199	4,093	4,009	9,813	5,128	5,565	5,896	6,135	6,528
Accumulated Depreciation	3,424	2,502	2,460	2,419	2,579	2,762	2,993	3,159	3,398	3,652
Total Noncurrent Assets	11,230	8,116	6,450	6,861	17,188	17,053	16,922	16,664	15,931	14,837
Goodwill	4,545	4,319	4,295	4,487	11,435	11,362	11,339	11,329	11,109	10,583
Intangible Assets	1,273	1,223	1,224	1,283	4,539	4,302	4,125	3,858	3,192	2,708
Other Noncurrent Operating Assets	927	906	791	906	916	1,273	1,345	1,477	1,506	1,436
Other Noncurrent Nonoperating Assets	4,486	1,668	140	185	298	115	113	-	123	111
Total Liabilities & Shareholders' Equity	17,438	13,391	10,096	10,390	22,214	22,304	22,196	22,435	22,053	20,862
Total Liabilities	12,828	9,596	6,019	6,633	14,750	14,353	13,564	13,573	13,245	12,351
Total Current Liabilities	3,310	2,532	1,721	2,336	2,143	3,287	3,306	3,519	4,441	3,242
Short-Term Debt	1,016	573	227	584	22	847	731	892	2,152	949
Accounts Payable	1,080	707	773	905	1,252	1,507	1,656	1,865	1,526	1,494
Accrued Expenses	647	568	553	671	691	726	743	611	583	591
Current Employee Benefit Liabilities	206	221	168	162	173	189	175	152	164	193
Other Current Nonoperating Liabilities	361	464	-	14	5.10	19	1.60	-	16	15
Total Noncurrent Liabilities	9,518	7,063	4,298	4,297	12,608	11,066	10,258	10,054	8,805	9,109
Long-Term Debt	6,889	4,881	2,769	3,232	10,656	8,901	8,275	8,088	7,081	7,493
Other Noncurrent Operating Liabilities	1,916	1,876	1,529	1,061	1,952	2,165	1,980	1,966	1,718	1,615
Other Noncurrent Nonoperating Liabilities	713	306	-	4.40	-	-	3.20	-	5.30	1.90
Total Equity & Noncontrolling Interests	4,610	3,795	4,078	3,757	7,464	7,951	8,631	8,862	8,807	8,511
Total Preferred & Common Equity	4,526	3,714	3,991	3,676	7,385	7,876	8,552	8,788	8,737	8,440
Total Common Equity	4,526	3,714	3,991	3,676	7,385	7,876	8,552	8,788	8,737	8,440
Common Stock	3,889	3,976	4,012	4,020	5,207	5,244	5,263	5,246	5,298	5,284
Retained Earnings	4,331	3,218	4,247	4,745	5,048	5,471	6,263	6,551	6,599	6,276
Treasury Stock	-3,365	-3,136	-4,055	-4,978	-2,760	-2,730	-2,980	-2,998	-3,116	-3,085
Accumulated Other Comprehensive Income / (Loss)	-330	-345	-213	-111	-110	-110	5.80	-11	-44	-36
Noncontrolling Interest	84	81	87	80	79	75	80	75	71	71

This table presents Conagra Brands' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	22,220	22,414	22,454	22,053	22,365	22,120	21,920	20,862	21,248	21,018	20,745
Total Current Assets	3,234	3,416	3,455	3,385	3,574	3,469	3,286	3,150	3,416	3,205	2,966
Cash & Equivalents	67	40	71	93	93	62	79	78	129	37	49
Accounts Receivable	789	911	960	953	972	974	917	872	933	857	770
Inventories, net	2,229	2,348	2,307	2,212	2,394	2,278	2,143	2,083	2,221	2,181	1,955
Prepaid Expenses	121	119	116	92	115	126	117	85	134	130	110
Other Current Nonoperating Assets	27	-	-	34	-	30	30	32	0.00	0.00	81
Plant, Property, & Equipment, net	2,705	2,688	2,702	2,736	2,915	2,877	2,877	2,876	2,877	2,820	2,739
Plant, Property & Equipment, gross	5,900	5,993	6,046	6,135	6,417	6,423	6,471	6,528	6,569	6,614	6,433
Accumulated Depreciation	3,195	3,305	3,344	3,398	3,502	3,547	3,594	3,652	3,692	3,794	3,694
Total Noncurrent Assets	16,281	16,309	16,298	15,931	15,877	15,774	15,757	14,837	14,955	14,992	15,040
Goodwill	11,184	11,180	11,178	11,109	11,178	11,109	11,110	10,583	10,758	10,757	10,500
Intangible Assets	3,593	3,579	3,565	3,192	3,192	3,165	3,152	2,708	2,756	2,724	2,487
Other Noncurrent Operating Assets	1,499	1,550	1,555	1,506	1,507	1,410	1,405	1,436	1,419	1,490	1,523
Other Noncurrent Nonoperating Assets	5.40	-	-	123	-	90	91	111	21	21	530
Total Liabilities & Shareholders' Equity	22,220	22,414	22,454	22,053	22,365	22,120	21,920	20,862	21,248	21,018	20,745
Total Liabilities	13,643	13,676	13,516	13,245	13,410	13,046	12,694	12,351	12,552	12,217	11,965
Total Current Liabilities	4,160	3,723	3,561	4,441	3,940	3,833	3,471	3,242	3,647	4,560	4,304
Short-Term Debt	1,458	1,320	1,175	2,152	1,529	1,576	1,186	949	1,287	2,226	1,908
Accounts Payable	1,851	1,596	1,564	1,526	1,535	1,475	1,418	1,494	1,538	1,572	1,421
Accrued Expenses	744	687	664	583	762	640	686	591	714	637	827
Current Employee Benefit Liabilities	105	119	159	164	115	130	168	193	108	126	145
Other Current Nonoperating Liabilities	1.70	-	-	16	-	13	13	15	0.00	0.00	2.70
Total Noncurrent Liabilities	9,483	9,954	9,955	8,805	9,470	9,213	9,224	9,109	8,905	7,658	7,662
Long-Term Debt	7,584	8,082	8,081	7,081	7,745	7,493	7,492	7,493	7,486	6,238	6,237
Other Noncurrent Operating Liabilities	1,896	1,872	1,874	1,718	1,725	1,718	1,729	1,615	1,420	1,420	1,424
Other Noncurrent Nonoperating Liabilities	2.40	-	-	5.30	-	1.90	2.30	1.90	0.00	0.00	0.90
Total Equity & Noncontrolling Interests	8,577	8,738	8,938	8,807	8,955	9,074	9,226	8,511	8,696	8,801	8,779
Total Preferred & Common Equity	8,504	8,666	8,866	8,737	8,885	9,004	9,155	8,440	8,696	8,801	8,779
Total Common Equity	8,504	8,666	8,866	8,737	8,885	9,004	9,155	8,440	8,696	8,801	8,779
Common Stock	5,244	5,282	5,289	5,298	5,255	5,261	5,275	5,284	5,251	5,259	5,264
Retained Earnings	6,315	6,537	6,720	6,599	6,753	6,872	7,012	6,276	6,575	6,692	6,670
Treasury Stock	-3,031	-3,128	-3,120	-3,116	-3,091	-3,090	-3,088	-3,085	-3,114	-3,113	-3,111
Accumulated Other Comprehensive Income / (Loss)	-23	-25	-24	-44	-33	-39	-44	-36	-16	-37	-43
Noncontrolling Interest	72	71	72	71	71	70	71	71	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Conagra Brands' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-23.69%	-4.09%	-9.66%	1.42%	20.16%	15.89%	1.18%	3.14%	6.42%	-1.84%
EBITDA Growth	-20.34%	-42.95%	74.65%	8.17%	19.93%	19.27%	20.18%	-19.37%	-17.85%	-13.98%
EBIT Growth	-20.52%	-55.67%	128.62%	11.73%	17.53%	19.95%	25.65%	-22.80%	-22.20%	-21.50%
NOPAT Growth	-34.23%	-60.04%	143.96%	34.76%	13.53%	33.31%	36.77%	-32.56%	-21.79%	-40.95%
Net Income Growth	-176.42%	-176.54%	197.31%	25.28%	-16.43%	24.09%	54.54%	-31.72%	-23.08%	-49.11%
EPS Growth	-176.42%	-176.54%	193.59%	35.62%	-23.23%	13.16%	54.65%	-30.83%	-22.83%	-49.30%
Operating Cash Flow Growth	-4.08%	-16.31%	-7.07%	-18.46%	17.95%	63.71%	-20.32%	-19.81%	-15.45%	102.49%
Free Cash Flow Firm Growth	206.88%	-71.55%	-68.13%	-64.40%	-5,032.99%	118.15%	-31.29%	-38.48%	6.67%	96.47%
Invested Capital Growth	-40.07%	-18.19%	0.35%	8.58%	144.24%	-3.27%	2.29%	1.91%	0.30%	-5.84%
Revenue Q/Q Growth	3.12%	14.30%	7.57%	1.33%	7.28%	6.50%	-4.67%	1.50%	0.52%	-0.56%
EBITDA Q/Q Growth	-2.85%	-20.15%	43.25%	11.52%	16.71%	2.26%	-3.14%	-3.78%	-7.89%	-32.06%
EBIT Q/Q Growth	-10.65%	-37.18%	63.69%	15.40%	17.94%	3.17%	-3.86%	-4.20%	-10.49%	-41.52%
NOPAT Q/Q Growth	-18.08%	-39.93%	136.61%	-6.40%	18.36%	9.76%	7.31%	-12.83%	-2.80%	-54.41%
Net Income Q/Q Growth	68.88%	-15.75%	5.02%	-9.13%	8.81%	9.94%	9.11%	-14.63%	-15.09%	-63.45%
EPS Q/Q Growth	68.88%	-15.75%	2.82%	-12.39%	18.75%	9.55%	9.47%	-14.42%	-14.97%	-63.82%
Operating Cash Flow Q/Q Growth	12.19%	-16.20%	-14.40%	-18.16%	29.64%	44.44%	-26.82%	2.31%	-11.76%	10.55%
Free Cash Flow Firm Q/Q Growth	116.11%	-61.56%	-77.11%	-18.76%	6.61%	24.69%	-32.85%	-10.67%	27.18%	3.36%
Invested Capital Q/Q Growth	-36.66%	-24.16%	0.72%	0.56%	-2.76%	-4.17%	-0.29%	-0.68%	-1.72%	-5.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.42%	28.04%	29.95%	29.62%	27.81%	27.77%	28.42%	24.61%	26.59%	27.66%
EBITDA Margin	13.25%	7.88%	15.24%	16.26%	16.23%	16.70%	19.83%	15.51%	11.97%	10.49%
Operating Margin	10.10%	4.67%	11.11%	12.01%	12.37%	13.18%	16.37%	12.25%	8.96%	7.16%
EBIT Margin	10.10%	4.67%	11.82%	13.02%	12.73%	13.18%	16.37%	12.25%	8.96%	7.16%
Profit (Net Income) Margin	-2.67%	-7.69%	8.28%	10.23%	7.11%	7.62%	11.63%	7.70%	5.56%	2.89%
Tax Burden Percent	-41.19%	-612.04%	88.83%	92.80%	82.40%	86.79%	92.24%	75.35%	75.75%	56.98%
Interest Burden Percent	64.04%	26.89%	78.86%	84.64%	67.78%	66.57%	77.04%	83.40%	82.03%	70.70%
Effective Tax Rate	36.38%	42.65%	34.91%	19.96%	26.58%	20.75%	13.74%	24.65%	24.25%	43.02%
Return on Invested Capital (ROIC)	5.38%	3.16%	8.54%	11.02%	6.98%	6.67%	9.17%	6.05%	4.68%	2.84%
ROIC Less NNEP Spread (ROIC-NNEP)	-8.76%	-25.34%	11.58%	12.64%	4.22%	3.41%	6.05%	4.06%	3.01%	1.17%
Return on Net Nonoperating Assets (RNNOA)	-10.21%	-19.00%	7.92%	9.71%	5.11%	4.26%	6.53%	4.10%	3.05%	1.17%
Return on Equity (ROE)	-4.83%	-15.85%	16.46%	20.72%	12.09%	10.92%	15.69%	10.15%	7.73%	4.02%
Cash Return on Invested Capital (CROIC)	55.48%	23.17%	8.19%	2.79%	-76.82%	9.99%	6.90%	4.16%	4.39%	8.86%
Operating Return on Assets (OROA)	4.97%	2.62%	7.88%	10.09%	7.45%	6.55%	8.23%	6.33%	4.94%	4.02%
Return on Assets (ROA)	-1.31%	-4.32%	5.52%	7.93%	4.16%	3.78%	5.85%	3.98%	3.07%	1.62%
Return on Common Equity (ROCE)	-4.75%	-15.53%	16.11%	20.28%	11.92%	10.81%	15.54%	10.07%	7.67%	3.98%
Return on Equity Simple (ROE_SIMPLE)	-5.32%	-17.93%	16.24%	22.08%	9.19%	10.69%	15.21%	10.11%	7.82%	4.12%
Net Operating Profit after Tax (NOPAT)	581	232	566	763	866	1,155	1,579	1,065	833	492
NOPAT Margin	6.43%	2.68%	7.23%	9.61%	9.08%	10.44%	14.12%	9.23%	6.78%	4.08%
Net Nonoperating Expense Percent (NNEP)	14.14%	28.50%	-3.04%	-1.63%	2.76%	3.25%	3.11%	2.00%	1.67%	1.67%
Cost of Revenue to Revenue	74.58%	71.96%	70.05%	70.38%	72.19%	72.23%	71.58%	75.39%	73.41%	72.34%
SG&A Expenses to Revenue	15.31%	23.37%	18.83%	17.62%	15.45%	14.68%	12.54%	12.94%	17.83%	20.58%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.31%	23.37%	18.83%	17.62%	15.45%	14.59%	12.06%	12.36%	17.64%	20.50%
Earnings before Interest and Taxes (EBIT)	913	405	925	1,034	1,215	1,457	1,831	1,413	1,100	863
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,197	683	1,193	1,291	1,548	1,846	2,218	1,789	1,469	1,264
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.80	4.20	3.35	3.30	1.61	1.88	1.92	1.67	1.82	1.72
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.40	1.80	1.71	1.53	1.25	1.34	1.47	1.27	1.29	1.20
Price to Earnings (P/E)	0.00	0.00	20.91	15.01	17.52	17.59	12.63	16.48	23.20	41.69
Dividend Yield	3.37%	2.80%	2.51%	2.76%	3.48%	2.80%	3.04%	4.10%	3.97%	4.62%
Earnings Yield	0.00%	0.00%	4.78%	6.66%	5.71%	5.69%	7.92%	6.07%	4.31%	2.40%
Enterprise Value to Invested Capital (EV/IC)	2.54	3.07	2.44	2.21	1.27	1.41	1.46	1.33	1.41	1.37
Enterprise Value to Revenue (EV/Rev)	2.27	2.35	2.07	2.00	2.35	2.18	2.27	2.05	2.04	1.90
Enterprise Value to EBITDA (EV/EBITDA)	17.13	29.75	13.58	12.32	14.47	13.03	11.46	13.20	17.06	18.13
Enterprise Value to EBIT (EV/EBIT)	22.47	50.22	17.51	15.39	18.44	16.50	13.88	16.71	22.80	26.54
Enterprise Value to NOPAT (EV/NOPAT)	35.33	87.56	28.61	20.85	25.87	20.82	16.09	22.17	30.10	46.58
Enterprise Value to Operating Cash Flow (EV/OCF)	13.63	16.14	13.84	16.67	19.90	13.05	17.31	20.05	25.18	11.37
Enterprise Value to Free Cash Flow (EV/FCFF)	3.43	11.93	29.84	82.29	0.00	13.90	21.38	32.28	32.13	14.95
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.71	1.44	0.73	1.02	1.43	1.23	1.04	1.01	1.05	0.99
Long-Term Debt to Equity	1.49	1.29	0.68	0.86	1.43	1.12	0.96	0.91	0.80	0.88
Financial Leverage	1.17	0.75	0.68	0.77	1.21	1.25	1.08	1.01	1.01	1.00
Leverage Ratio	3.69	3.67	2.98	2.61	2.91	2.89	2.68	2.55	2.52	2.48
Compound Leverage Factor	2.36	0.99	2.35	2.21	1.97	1.92	2.07	2.13	2.07	1.75
Debt to Total Capital	63.16%	58.97%	42.36%	50.39%	58.86%	55.08%	51.06%	50.33%	51.18%	49.79%
Short-Term Debt to Total Capital	8.12%	6.20%	3.21%	7.72%	0.12%	4.78%	4.14%	5.00%	11.93%	5.60%
Long-Term Debt to Total Capital	55.05%	52.77%	39.15%	42.67%	58.74%	50.29%	46.92%	45.33%	39.25%	44.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.67%	0.88%	1.23%	1.06%	0.44%	0.42%	0.45%	0.42%	0.39%	0.42%
Common Equity to Total Capital	36.17%	40.15%	56.41%	48.55%	40.71%	44.50%	48.49%	49.25%	48.43%	49.79%
Debt to EBITDA	6.60	7.99	2.51	2.96	6.90	5.28	4.06	5.02	6.28	6.68
Net Debt to EBITDA	6.46	6.82	2.30	2.86	6.75	4.98	4.02	4.97	6.22	6.62
Long-Term Debt to EBITDA	5.75	7.15	2.32	2.50	6.88	4.82	3.73	4.52	4.82	5.93
Debt to NOPAT	13.61	23.51	5.29	5.00	12.33	8.44	5.70	8.43	11.09	17.16
Net Debt to NOPAT	13.33	20.07	4.85	4.83	12.05	7.96	5.65	8.35	10.97	17.01
Long-Term Debt to NOPAT	11.86	21.04	4.89	4.24	12.30	7.71	5.24	7.59	8.50	15.23
Altman Z-Score	1.65	2.15	3.03	2.78	1.44	1.65	1.86	1.75	1.80	1.83
Noncontrolling Interest Sharing Ratio	1.81%	1.97%	2.14%	2.14%	1.42%	1.00%	0.93%	0.88%	0.82%	0.82%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.08	1.41	1.17	0.83	1.28	0.88	0.82	0.86	0.76	0.97
Quick Ratio	0.27	0.57	0.47	0.30	0.49	0.43	0.26	0.27	0.24	0.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5,988	1,704	543	193	-9,534	1,730	1,189	731	780	1,533
Operating Cash Flow to CapEx	636.19%	520.76%	511.23%	391.71%	340.44%	518.31%	291.35%	265.04%	277.27%	520.42%
Free Cash Flow to Firm to Interest Expense	18.25	5.76	2.78	1.22	-24.36	3.55	2.83	1.93	1.90	3.56
Operating Cash Flow to Interest Expense	4.58	4.26	5.99	6.01	2.88	3.78	3.49	3.10	2.43	4.68
Operating Cash Flow Less CapEx to Interest Expense	3.86	3.44	4.81	4.48	2.03	3.05	2.29	1.93	1.55	3.78
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.56	0.67	0.78	0.59	0.50	0.50	0.52	0.55	0.56
Accounts Receivable Turnover	10.05	12.47	12.90	14.02	13.75	13.17	13.52	13.89	13.49	13.21
Inventory Turnover	3.62	4.64	5.56	5.83	5.43	5.48	5.21	4.73	4.31	4.06
Fixed Asset Turnover	2.88	3.99	4.70	4.93	4.87	4.71	4.53	4.35	4.49	4.28
Accounts Payable Turnover	5.55	6.98	7.41	6.66	6.38	5.79	5.06	4.94	5.32	5.77
Days Sales Outstanding (DSO)	36.31	29.26	28.30	26.04	26.55	27.72	27.00	26.28	27.06	27.63
Days Inventory Outstanding (DIO)	100.75	78.64	65.64	62.61	67.26	66.60	70.09	77.15	84.62	89.92
Days Payable Outstanding (DPO)	65.80	52.30	49.25	54.83	57.18	63.06	72.11	73.87	68.65	63.21
Cash Conversion Cycle (CCC)	71.26	55.60	44.68	33.82	36.63	31.25	24.98	29.55	43.03	54.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,089	6,617	6,641	7,210	17,610	17,035	17,425	17,759	17,811	16,770
Invested Capital Turnover	0.84	1.18	1.18	1.15	0.77	0.64	0.65	0.66	0.69	0.70
Increase / (Decrease) in Invested Capital	-5,408	-1,472	23	570	10,400	-576	390	334	53	-1,041
Enterprise Value (EV)	20,515	20,319	16,199	15,904	22,402	24,043	25,413	23,610	25,068	22,910
Market Capitalization	12,691	15,581	13,367	12,135	11,882	14,775	16,407	14,639	15,857	14,476
Book Value per Share	$10.60	$8.51	$9.38	$9.34	$15.20	$16.17	$17.82	$18.31	$18.32	$17.66
Tangible Book Value per Share	($3.02)	($4.19)	($3.59)	($5.32)	($17.68)	($15.99)	($14.40)	($13.34)	($11.67)	($10.15)
Total Capital	12,515	9,250	7,074	7,572	18,141	17,698	17,637	17,842	18,041	16,953
Total Debt	7,905	5,455	2,996	3,816	10,677	9,747	9,006	8,980	9,234	8,441
Total Long-Term Debt	6,889	4,881	2,769	3,232	10,656	8,901	8,275	8,088	7,081	7,493
Net Debt	7,740	4,657	2,745	3,688	10,441	9,194	8,927	8,897	9,140	8,364
Capital Expenditures (CapEx)	237	242	229	244	331	356	504	444	359	387
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,104	820	269	59	376	-108	47	323	1,003	779
Debt-free Net Working Capital (DFNWC)	1,269	1,618	520	187	613	445	126	407	1,097	856
Net Working Capital (NWC)	253	1,044	293	-397	591	-402	-604	-485	-1,056	-92
Net Nonoperating Expense (NNE)	821	898	-82	-49	188	313	278	177	150	144
Net Nonoperating Obligations (NNO)	3,479	2,823	2,563	3,454	10,147	9,084	8,794	8,897	9,004	8,259
Total Depreciation and Amortization (D&A)	285	279	268	257	333	389	388	375	370	401
Debt-free, Cash-free Net Working Capital to Revenue	12.22%	9.46%	3.43%	0.74%	3.94%	-0.98%	0.42%	2.80%	8.17%	6.46%
Debt-free Net Working Capital to Revenue	14.05%	18.67%	6.64%	2.36%	6.42%	4.03%	1.13%	3.52%	8.93%	7.11%
Net Working Capital to Revenue	2.80%	12.05%	3.74%	-5.00%	6.20%	-3.63%	-5.40%	-4.21%	-8.60%	-0.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.47)	($1.22)	$1.48	$2.00	$1.53	$1.72	$2.67	$1.85	$1.43	$0.73
Adjusted Weighted Average Basic Shares Outstanding	552.11M	564.81M	416.60M	390.89M	486.13M	487.24M	480.33M	480.09M	477.06M	478.21M
Adjusted Diluted Earnings per Share	($0.47)	($1.21)	$1.46	$1.98	$1.52	$1.72	$2.66	$1.84	$1.42	$0.72
Adjusted Weighted Average Diluted Shares Outstanding	552.11M	564.81M	416.60M	390.89M	486.13M	487.24M	480.33M	480.09M	477.06M	478.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.53	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	552.11M	564.81M	416.60M	390.89M	486.13M	487.24M	480.33M	480.09M	477.06M	478.21M
Normalized Net Operating Profit after Tax (NOPAT)	581	232	566	763	866	1,147	1,579	1,065	833	492
Normalized NOPAT Margin	6.43%	2.68%	7.23%	9.61%	9.08%	10.37%	14.12%	9.23%	6.78%	4.08%
Pre Tax Income Margin	6.47%	1.26%	9.32%	11.02%	8.63%	8.77%	12.61%	10.22%	7.35%	5.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.78	1.37	4.73	6.51	3.10	2.99	4.35	3.72	2.68	2.00
NOPAT to Interest Expense	1.77	0.78	2.90	4.81	2.21	2.37	3.76	2.80	2.03	1.14
EBIT Less CapEx to Interest Expense	2.06	0.55	3.56	4.98	2.26	2.26	3.16	2.55	1.81	1.11
NOPAT Less CapEx to Interest Expense	1.05	-0.03	1.72	3.27	1.37	1.64	2.56	1.63	1.16	0.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-176.58%	-64.95%	64.04%	42.17%	52.51%	49.13%	36.48%	65.50%	91.31%	189.62%
Augmented Payout Ratio	-197.34%	-64.95%	218.36%	161.32%	52.51%	49.13%	59.40%	71.13%	113.26%	189.62%

This table displays calculated financial ratios and metrics derived from Conagra Brands' official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.46%	8.30%	5.93%	2.18%	-0.01%	-3.16%	-1.74%	-2.27%	-3.76%	-0.41%	-6.33%
EBITDA Growth	-83.65%	24.06%	25.70%	-54.38%	652.31%	-15.55%	-3.69%	-368.21%	-13.92%	-8.07%	-39.77%
EBIT Growth	-104.01%	30.60%	32.16%	-73.95%	3,315.13%	-19.36%	-5.24%	-886.83%	-17.19%	-9.46%	-48.40%
NOPAT Growth	-103.88%	26.69%	68.96%	-68.08%	3,615.58%	-17.89%	-6.30%	-596.39%	54.01%	1.12%	-42.26%
Net Income Growth	-132.88%	38.53%	56.33%	-76.98%	512.77%	-25.12%	-9.76%	-1,662.53%	45.95%	-0.59%	-53.01%
EPS Growth	-132.65%	38.60%	57.78%	-75.76%	518.75%	-24.05%	-9.86%	-1,587.50%	44.78%	-1.67%	-53.13%
Operating Cash Flow Growth	88.63%	-72.12%	-17.31%	-31.25%	68.18%	1,105.57%	66.84%	65.86%	-39.44%	18.12%	-12.52%
Free Cash Flow Firm Growth	262.25%	636.02%	168.25%	125.67%	-181.96%	55.63%	495.98%	2,654.92%	685.19%	144.64%	117.42%
Invested Capital Growth	-1.69%	0.62%	1.36%	0.30%	3.49%	-0.67%	-2.23%	-5.84%	-4.51%	-4.29%	-8.19%
Revenue Q/Q Growth	-0.20%	14.07%	-6.83%	-3.67%	-2.33%	10.47%	-5.46%	-4.19%	-3.82%	14.32%	-11.08%
EBITDA Q/Q Growth	-72.97%	733.16%	-9.36%	-72.43%	261.30%	-6.48%	3.36%	-176.79%	215.95%	-0.12%	-32.27%
EBIT Q/Q Growth	-107.68%	3,755.92%	-10.74%	-86.07%	607.24%	-8.31%	4.89%	-215.68%	174.43%	0.25%	-40.23%
NOPAT Q/Q Growth	-106.68%	3,875.95%	-8.09%	-79.24%	387.87%	-11.81%	11.48%	-210.00%	251.37%	-42.09%	-37.93%
Net Income Q/Q Growth	-149.14%	593.16%	-10.47%	-89.39%	781.27%	-10.53%	7.90%	-283.68%	182.32%	-39.07%	-49.00%
EPS Q/Q Growth	-148.48%	593.75%	-10.13%	-88.73%	737.50%	-10.45%	6.67%	-285.94%	181.51%	-39.18%	-49.15%
Operating Cash Flow Q/Q Growth	-37.91%	-87.07%	1,089.44%	-28.01%	51.88%	-7.31%	64.61%	-28.43%	-44.54%	80.79%	21.91%
Free Cash Flow Firm Q/Q Growth	266.78%	-0.07%	-56.65%	-80.96%	-1,093.42%	289.76%	73.51%	-11.97%	111.02%	-20.67%	50.03%
Invested Capital Q/Q Growth	-1.33%	3.29%	0.13%	-1.72%	1.82%	-0.87%	-1.44%	-5.35%	3.26%	-0.65%	-5.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.80%	27.84%	27.18%	26.35%	28.34%	26.39%	28.32%	27.70%	26.45%	26.50%	25.00%
EBITDA Margin	2.68%	19.57%	19.03%	5.45%	20.16%	17.06%	18.66%	-14.95%	18.03%	15.75%	12.00%
Operating Margin	-0.52%	16.59%	16.07%	2.32%	16.84%	13.98%	15.50%	-18.71%	14.48%	12.70%	9.49%
EBIT Margin	-0.52%	16.77%	16.07%	2.32%	16.83%	13.97%	15.50%	-18.71%	14.48%	12.70%	8.54%
Profit (Net Income) Margin	-2.67%	11.54%	11.09%	1.22%	11.02%	8.92%	10.18%	-19.52%	16.71%	8.90%	5.11%
Tax Burden Percent	69.01%	83.93%	87.34%	21.74%	76.49%	73.55%	84.95%	120.48%	142.35%	82.23%	76.77%
Interest Burden Percent	738.82%	81.95%	78.99%	241.68%	85.57%	86.83%	77.34%	86.59%	81.05%	85.28%	77.94%
Effective Tax Rate	0.00%	26.90%	25.55%	-10.96%	23.51%	26.45%	26.38%	0.00%	-42.35%	17.77%	23.23%
Return on Invested Capital (ROIC)	-0.24%	8.09%	8.12%	1.78%	8.87%	6.94%	7.71%	-9.13%	13.89%	7.08%	5.03%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.98%	7.88%	7.82%	1.33%	8.27%	6.46%	7.29%	-11.29%	12.66%	6.51%	4.26%
Return on Net Nonoperating Assets (RNNOA)	-1.03%	8.38%	8.00%	1.35%	8.55%	6.62%	7.10%	-11.25%	12.77%	6.31%	3.78%
Return on Equity (ROE)	-1.28%	16.47%	16.12%	3.13%	17.42%	13.56%	14.81%	-20.38%	26.65%	13.39%	8.81%
Cash Return on Invested Capital (CROIC)	5.15%	3.26%	3.41%	4.39%	3.66%	7.28%	8.27%	8.86%	8.79%	8.71%	12.52%
Operating Return on Assets (OROA)	-0.28%	8.98%	8.73%	1.28%	9.27%	7.64%	8.46%	-10.51%	7.93%	7.02%	4.70%
Return on Assets (ROA)	-1.41%	6.17%	6.02%	0.67%	6.07%	4.88%	5.56%	-10.96%	9.15%	4.92%	2.81%
Return on Common Equity (ROCE)	-1.27%	16.33%	15.99%	3.10%	17.28%	13.46%	14.70%	-20.22%	26.55%	13.33%	8.78%
Return on Equity Simple (ROE_SIMPLE)	6.76%	7.86%	9.07%	0.00%	12.16%	10.94%	10.39%	0.00%	5.69%	5.60%	3.75%
Net Operating Profit after Tax (NOPAT)	-11	402	369	77	374	330	346	-381	576	334	207
NOPAT Margin	-0.37%	12.13%	11.96%	2.58%	12.88%	10.28%	11.41%	-13.10%	20.61%	10.44%	7.29%
Net Nonoperating Expense Percent (NNEP)	0.74%	0.21%	0.30%	0.45%	0.60%	0.48%	0.42%	2.16%	1.23%	0.57%	0.78%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	1.82%	-	-	-	1.93%	1.22%
Cost of Revenue to Revenue	75.20%	72.16%	72.82%	73.65%	71.66%	73.61%	71.68%	72.30%	73.55%	73.50%	75.00%
SG&A Expenses to Revenue	25.53%	11.25%	11.30%	24.43%	11.50%	12.41%	12.77%	46.84%	12.08%	13.90%	15.62%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.32%	11.25%	11.11%	24.02%	11.50%	12.41%	12.82%	46.41%	11.97%	13.80%	15.51%
Earnings before Interest and Taxes (EBIT)	-15	556	496	69	489	448	470	-544	405	406	243
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	78	648	588	162	585	547	566	-435	504	503	341
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.85	1.95	1.88	1.82	1.54	1.44	1.48	1.72	1.68	1.49	1.40
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.34	1.40	1.36	1.29	1.11	1.07	1.12	1.20	1.23	1.10	1.05
Price to Earnings (P/E)	27.37	24.75	20.69	23.20	12.63	13.19	14.21	41.69	29.63	26.57	37.41
Dividend Yield	3.86%	3.65%	3.73%	3.97%	4.68%	5.00%	4.88%	4.62%	4.57%	5.11%	5.43%
Earnings Yield	3.65%	4.04%	4.83%	4.31%	7.92%	7.58%	7.04%	2.40%	3.37%	3.76%	2.67%
Enterprise Value to Invested Capital (EV/IC)	1.42	1.45	1.43	1.41	1.26	1.23	1.25	1.37	1.34	1.25	1.25
Enterprise Value to Revenue (EV/Rev)	2.10	2.18	2.12	2.04	1.87	1.81	1.83	1.90	1.95	1.80	1.74
Enterprise Value to EBITDA (EV/EBITDA)	18.51	18.03	16.25	17.06	11.58	11.72	11.93	18.13	19.70	18.91	21.71
Enterprise Value to EBIT (EV/EBIT)	25.63	24.10	21.10	22.80	14.28	14.69	15.04	26.54	29.91	29.23	38.09
Enterprise Value to NOPAT (EV/NOPAT)	40.67	37.62	30.25	30.10	18.11	18.53	20.58	46.58	31.44	28.28	30.21
Enterprise Value to Operating Cash Flow (EV/OCF)	19.06	21.68	22.97	25.18	19.49	14.22	12.17	11.37	12.65	11.23	11.15
Enterprise Value to Free Cash Flow (EV/FCFF)	27.22	44.75	42.25	32.13	35.09	16.81	14.97	14.95	14.95	14.04	9.59
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.05	1.08	1.04	1.05	1.04	1.00	0.94	0.99	1.01	0.96	0.93
Long-Term Debt to Equity	0.88	0.92	0.90	0.80	0.86	0.83	0.81	0.88	0.86	0.71	0.71
Financial Leverage	1.05	1.06	1.02	1.01	1.03	1.03	0.97	1.00	1.01	0.97	0.89
Leverage Ratio	2.60	2.57	2.53	2.52	2.54	2.50	2.44	2.48	2.47	2.41	2.37
Compound Leverage Factor	19.21	2.11	2.00	6.08	2.18	2.17	1.89	2.15	2.00	2.06	1.85
Debt to Total Capital	51.32%	51.83%	50.87%	51.18%	50.87%	49.99%	48.47%	49.79%	50.22%	49.02%	48.13%
Short-Term Debt to Total Capital	8.28%	7.28%	6.46%	11.93%	8.39%	8.69%	6.62%	5.60%	7.37%	12.89%	11.28%
Long-Term Debt to Total Capital	43.05%	44.55%	44.42%	39.25%	42.49%	41.30%	41.85%	44.20%	42.85%	36.13%	36.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.41%	0.39%	0.40%	0.39%	0.39%	0.39%	0.39%	0.42%	0.00%	0.00%	0.00%
Common Equity to Total Capital	48.27%	47.78%	48.73%	48.43%	48.74%	49.63%	51.14%	49.79%	49.78%	50.98%	51.87%
Debt to EBITDA	6.75	6.44	5.80	6.28	4.69	4.82	4.66	6.68	7.42	7.44	8.67
Net Debt to EBITDA	6.70	6.42	5.76	6.22	4.64	4.78	4.62	6.62	7.31	7.41	8.61
Long-Term Debt to EBITDA	5.66	5.54	5.07	4.82	3.92	3.98	4.03	5.93	6.33	5.48	6.64
Debt to NOPAT	14.83	13.45	10.80	11.09	7.33	7.61	8.04	17.16	11.84	11.12	12.06
Net Debt to NOPAT	14.72	13.39	10.72	10.97	7.26	7.56	7.97	17.01	11.67	11.07	11.99
Long-Term Debt to NOPAT	12.44	11.56	9.43	8.50	6.12	6.29	6.95	15.23	10.10	8.20	9.23
Altman Z-Score	1.57	1.75	1.77	1.65	1.64	1.63	1.70	1.61	1.75	1.64	1.59
Noncontrolling Interest Sharing Ratio	0.88%	0.85%	0.85%	0.82%	0.82%	0.80%	0.78%	0.82%	0.40%	0.39%	0.39%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.78	0.92	0.97	0.76	0.91	0.91	0.95	0.97	0.94	0.70	0.69
Quick Ratio	0.21	0.26	0.29	0.24	0.27	0.27	0.29	0.29	0.29	0.20	0.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	291	290	126	24	-238	452	750	660	1,394	1,105	1,659
Operating Cash Flow to CapEx	213.70%	54.47%	518.01%	308.34%	309.27%	586.45%	708.59%	618.52%	202.41%	607.00%	671.20%
Free Cash Flow to Firm to Interest Expense	2.99	2.89	1.21	0.22	-2.25	3.99	7.04	6.31	13.17	10.22	16.44
Operating Cash Flow to Interest Expense	2.72	0.34	3.89	2.70	4.18	3.63	6.35	4.63	2.54	4.49	5.87
Operating Cash Flow Less CapEx to Interest Expense	1.44	-0.28	3.14	1.83	2.83	3.01	5.46	3.88	1.28	3.75	4.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.53	0.54	0.54	0.55	0.55	0.55	0.55	0.56	0.55	0.55	0.55
Accounts Receivable Turnover	14.52	12.76	13.03	13.49	13.95	12.92	12.92	13.21	12.54	13.03	13.92
Inventory Turnover	4.25	4.27	4.43	4.31	3.85	3.84	3.96	4.06	3.77	3.89	4.21
Fixed Asset Turnover	4.41	4.53	4.56	4.49	4.37	4.37	4.34	4.28	4.12	4.19	4.18
Accounts Payable Turnover	5.05	5.63	5.71	5.32	5.26	5.78	5.91	5.77	5.66	5.70	6.08
Days Sales Outstanding (DSO)	25.13	28.61	28.01	27.06	26.16	28.26	28.26	27.63	29.11	28.01	26.22
Days Inventory Outstanding (DIO)	85.78	85.41	82.43	84.62	94.70	95.06	92.23	89.92	96.88	93.75	86.60
Days Payable Outstanding (DPO)	72.29	64.84	63.90	68.65	69.36	63.11	61.80	63.21	64.51	64.06	60.01
Cash Conversion Cycle (CCC)	38.63	49.18	46.54	43.03	51.51	60.20	58.69	54.34	61.49	57.71	52.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	17,523	18,100	18,123	17,811	18,135	17,978	17,719	16,770	17,318	17,206	16,267
Invested Capital Turnover	0.67	0.67	0.68	0.69	0.69	0.67	0.68	0.70	0.67	0.68	0.69
Increase / (Decrease) in Invested Capital	-301	111	243	53	612	-122	-404	-1,041	-818	-772	-1,452
Enterprise Value (EV)	24,795	26,302	25,916	25,068	22,905	22,073	22,197	22,910	23,291	21,513	20,406
Market Capitalization	15,748	16,869	16,659	15,857	13,654	12,995	13,528	14,476	14,648	13,087	12,310
Book Value per Share	$17.71	$18.08	$18.60	$18.32	$18.62	$18.84	$19.15	$17.66	$18.18	$18.44	$18.39
Tangible Book Value per Share	($13.07)	($12.71)	($12.33)	($11.67)	($11.50)	($11.03)	($10.68)	($10.15)	($10.08)	($9.81)	($8.82)
Total Capital	17,619	18,139	18,194	18,041	18,229	18,144	17,903	16,953	17,468	17,264	16,924
Total Debt	9,042	9,402	9,256	9,234	9,274	9,070	8,677	8,441	8,772	8,464	8,145
Total Long-Term Debt	7,584	8,082	8,081	7,081	7,745	7,493	7,492	7,493	7,486	6,238	6,237
Net Debt	8,975	9,362	9,185	9,140	9,180	9,008	8,599	8,364	8,644	8,426	8,096
Capital Expenditures (CapEx)	123	63	78	95	143	70	96	78	133	80	88
Debt-free, Cash-free Net Working Capital (DFCFNWC)	464	974	997	1,003	1,069	1,151	922	779	927	834	521
Debt-free Net Working Capital (DFNWC)	532	1,014	1,068	1,097	1,162	1,212	1,000	856	1,056	872	570
Net Working Capital (NWC)	-927	-306	-106	-1,056	-367	-364	-185	-92	-231	-1,354	-1,338
Net Nonoperating Expense (NNE)	67	20	27	40	54	44	37	187	109	49	62
Net Nonoperating Obligations (NNO)	8,947	9,362	9,185	9,004	9,180	8,903	8,493	8,259	8,622	8,405	7,488
Total Depreciation and Amortization (D&A)	93	93	92	93	97	99	96	109	99	98	98
Debt-free, Cash-free Net Working Capital to Revenue	3.94%	8.09%	8.16%	8.17%	8.70%	9.45%	7.61%	6.46%	7.77%	6.99%	4.44%
Debt-free Net Working Capital to Revenue	4.51%	8.42%	8.75%	8.93%	9.46%	9.96%	8.26%	7.11%	8.84%	7.31%	4.86%
Net Working Capital to Revenue	-7.86%	-2.54%	-0.87%	-8.60%	-2.99%	-2.99%	-1.53%	-0.77%	-1.93%	-11.35%	-11.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.16)	$0.80	$0.72	$0.07	$0.67	$0.60	$0.64	($1.18)	$0.97	$0.60	$0.30
Adjusted Weighted Average Basic Shares Outstanding	479.26M	476.62M	476.91M	477.06M	477.97M	478.01M	478.06M	478.21M	477.27M	477.32M	477.36M
Adjusted Diluted Earnings per Share	($0.16)	$0.79	$0.71	$0.08	$0.67	$0.60	$0.64	($1.19)	$0.97	$0.59	$0.30
Adjusted Weighted Average Diluted Shares Outstanding	479.26M	476.62M	476.91M	477.06M	477.97M	478.01M	478.06M	478.21M	477.27M	477.32M	477.36M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	479.26M	476.62M	476.91M	477.06M	477.97M	478.01M	478.06M	478.21M	477.27M	477.32M	477.36M
Normalized Net Operating Profit after Tax (NOPAT)	-11	402	369	48	374	330	346	-381	283	334	207
Normalized NOPAT Margin	-0.37%	12.13%	11.96%	1.63%	12.88%	10.28%	11.41%	-13.10%	10.14%	10.44%	7.29%
Pre Tax Income Margin	-3.87%	13.75%	12.69%	5.62%	14.40%	12.13%	11.99%	-16.20%	11.74%	10.83%	6.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.16	5.54	4.76	0.64	4.61	3.96	4.41	-5.19	3.83	3.75	2.40
NOPAT to Interest Expense	-0.11	4.01	3.54	0.71	3.53	2.91	3.25	-3.64	5.45	3.08	2.05
EBIT Less CapEx to Interest Expense	-1.43	4.92	4.01	-0.24	3.26	3.34	3.52	-5.94	2.57	3.01	1.53
NOPAT Less CapEx to Interest Expense	-1.38	3.38	2.79	-0.17	2.18	2.29	2.35	-4.38	4.19	2.34	1.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	104.30%	89.30%	76.60%	91.31%	58.41%	64.99%	68.27%	189.62%	135.27%	135.84%	203.31%
Augmented Payout Ratio	112.99%	111.32%	95.24%	113.26%	67.67%	64.99%	68.27%	189.62%	148.21%	148.82%	222.75%

Frequently Asked Questions About Conagra Brands' Financials

When does Conagra Brands's financial year end?

According to the most recent income statement we have on file, Conagra Brands' fiscal year ends in May. Their fiscal year 2024 ended on May 26, 2024.

How has Conagra Brands' net income changed over the last 9 years?

Conagra Brands' net income appears to be on an upward trend, with a most recent value of $347.70 million in 2024, falling from -$240.80 million in 2015. The previous period was $683.20 million in 2023.

What is Conagra Brands's operating income?

Conagra Brands's total operating income in 2024 was $863.10 million, based on the following breakdown:

Total Gross Profit: $3.33 billion
Total Operating Expenses: $2.47 billion

How has Conagra Brands revenue changed over the last 9 years?

Over the last 9 years, Conagra Brands' total revenue changed from $9.03 billion in 2015 to $12.05 billion in 2024, a change of 33.4%.

How much debt does Conagra Brands have?

Conagra Brands' total liabilities were at $12.35 billion at the end of 2024, a 6.8% decrease from 2023, and a 3.7% decrease since 2015.

How much cash does Conagra Brands have?

In the past 9 years, Conagra Brands' cash and equivalents has ranged from $77.70 million in 2024 to $798.10 million in 2016, and is currently $77.70 million as of their latest financial filing in 2024.

How has Conagra Brands' book value per share changed over the last 9 years?

Over the last 9 years, Conagra Brands' book value per share changed from 10.60 in 2015 to 17.66 in 2024, a change of 66.6%.

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This page (NYSE:CAG) was last updated on 4/14/2025 by MarketBeat.com Staff

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Conagra Brands (CAG) Financials

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Conagra Brands (CAG) Financials

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