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Packaged-food company known for Campbell's soup, Pepperidge Farm snacks and Prego/V8 sauces and juices.
Packaged-food company known for Campbell's soup, Pepperidge Farm snacks and Prego/V8 sauces and juices.
Sells through grocery chains and mass merchants, relying on shelf placement and promotions, with soup a stable, mature business and snacks the bigger growth engine. The 2018 purchase of Snyder's-Lance added salty snacks, and the 2024 purchase of Sovos Brands added Rao's, a premium pasta-sauce line.
Moat: narrow (brand, distribution). Iconic soup/snack brands with strong shelf presence, but facing private-label and shifting consumer tastes.
Headquarters: Camden, New Jersey, US · Founded: 1869 · Employees: 13,500
Size Campbell's (CPB) is a United States Consumer Staples company (Food: Specialty/Candy) with a market value of $6.90B, the 969th largest of 3,117 United States companies the cockpit tracks. Shares closed at $23.13 on 6 Nov 2026.
Performance Over six months the shares gained 11.0%, against -1.7% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 5.0% over the last twelve months (peer median +8.2%); the operating margin is 11.3% (peer median 11.0%).
Valuation It trades at 13.7× forward earnings against a peer median of 17.6× (6th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.7 points above its cost of capital (5.9% WACC).
Credit Campbell's has 11 bonds outstanding ($6.41B), rated BBB- by the agencies and trading like BBB- at a weighted spread of 135 bp.
Short interest Short interest is 13.1% of the free float (15 Oct 2026).
Next results Next results expected around 9 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $9.74B | $9.74B | $10.3B | $9.64B | $9.36B |
| Revenue growth | — | -5% | +6% | +3% | — |
| Gross profit | $2.72B | $2.73B | $3.07B | $2.93B | $2.85B |
| EBITDA | $1.51B | $1.55B | $1.84B | $1.73B | $1.71B |
| Net income | $398M | $403M | $602M | $567M | $858M |
| Free cash flow | $678M | $678M | $705M | $668M | $773M |
| Capital expenditure | $361M | $361M | $426M | $517M | $370M |
| Total debt | $7.45B | $7.45B | $7.21B | $7.54B | $4.97B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Campbell's CPB | $6.90B | +11% | -5% | 11% | 13.7× | -3.6% |
| Kraft Heinz KHC | $29.2B | +5% | -2% | 17% | 12.5× | -3.9% |
| General Mills GIS | $19.0B | +2% | -4% | 15% | 11.4× | -6.7% |
| Conagra Brands CAG | $7.28B | +8% | -2% | 11% | 10.6× | -4.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CPB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +19.4% | +5.4% | 2nd highest of 21 |
| 6-month return | +11.0% | -1.7% | 5th highest of 21 |
| Distance from 52-week high | -27.8% | -18.2% | 5th lowest of 21 |
| Revenue growth (TTM) | -5.0% | +8.2% | lowest of 21 |
| Operating margin | 11.3% | 11.0% | 9th highest of 21 |
| Forward P/E | 13.7× | 17.6× | 6th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -3.6% | 3.2% | 5th least demanding of 18 |
| Growth delivered (Del g) | +2.8% | +10.5% | lowest of 18 |
| Hurdle (Req g minus delivered) | -6.4 pp | -8.6 pp | 8th most demanding of 18 |
| ROIC minus cost of capital | +1.7 pp | +3.6 pp | 7th lowest of 21 |
| EV / EBITDA | 9.4× | 11.5× | 6th cheapest of 19 |
| Net debt / EBITDA | 4.7× | 0.7× | 2nd most indebted of 19 |
| Bond spread | 135 bp | 111 bp | 3rd widest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Campbell's CPB | United States | $6.90B | +11% | -5% | 11% | 13.7× | -3.6% | +2.8% |
| Toyo Suisan Kaisha 2875.T | Japan | $6.74B | -4% | +7% | 17% | 14.5× | -5.0% | +9.5% |
| Meiji 2269.T | Japan | $7.35B | +14% | +4% | 8% | 17.2× | n/a | n/a |
| Lamb Weston LW | United States | $7.61B | +31% | +3% | 10% | 16.6× | 4.0% | +12.5% |
| Darling Ingredients DAR | United States | $7.92B | -20% | +16% | 9% | 7.3× | 9.0% | +11.4% |
| Ingredion INGR | United States | $5.78B | -15% | -1% | 12% | 9.7× | -7.8% | +3.8% |
| Nissin Foods 2897.T | Japan | $5.73B | +9% | +5% | 6% | 17.9× | n/a | n/a |
| Barry Callebaut BARN.SW | Switzerland | $8.33B | +5% | +9% | 5% | 23.7× | -8.4% | +16.5% |
| Balchem BCPC | United States | $5.54B | +8% | +9% | 22% | 30.9× | 14.5% | +8.1% |
| Yamazaki Baking 2212.T | Japan | $5.08B | +21% | +5% | 5% | 18.0× | -3.3% | +5.3% |
| Sensient Technologies SXT | United States | $5.07B | +1% | +10% | 15% | 25.0× | n/a | n/a |
| Angel Yeast 600298.SS | China | $4.97B | +2% | +15% | 11% | 19.1× | 4.1% | +13.4% |
| Aak AAK.ST | Sweden | $4.88B | -30% | -1% | 10% | 13.6× | -6.0% | +10.5% |
| Orkla ORK.OL | Norway | $10.8B | -6% | 0% | 10% | 15.5× | -1.1% | +8.7% |
| Kikkoman 2801.T | Japan | $10.9B | +24% | +9% | 11% | 24.8× | 8.8% | +11.2% |
| Tata Consumer Products TATACONSUM.NS | India | $11.4B | -6% | +15% | 11% | 55.5× | 42.8% | +11.8% |
| Britannia Industries BRITANNIA.NS | India | $12.1B | -18% | +7% | 17% | 41.7× | 28.9% | +7.8% |
| Anjoy Foods 2648.HK | Hong Kong | $3.83B | -20% | +24% | 12% | 11.6× | -2.9% | +17.5% |
| McCormick & MKC | United States | $13.0B | 0% | +13% | 17% | 15.9× | 3.2% | +4.1% |
| Post POST | United States | $3.65B | -19% | +6% | 10% | 11.8× | -2.1% | +7.4% |
| Vita Coco COCO | United States | $3.56B | -13% | +26% | 20% | 30.2× | 8.4% | +14.4% |
Campbell's has 11 bonds outstanding with $6.41B face value. The agencies rate it BBB-; its bonds trade like BBB-. Weighted yield 6.16%, a spread of 135 bp over government bonds.