# The Campbell's Company (CPB)

> CPB · Nasdaq · Consumer staples, packaged food · United States · US GAAP · Fiscal year ends August
>
> Latest report: Q4 FY2026, the quarter ended 2 August 2026, released 24 September 2026. Snapshot FY2026Q4_780d3b88.

Page: https://annalist.io/company/campbells/

Identifiers: LEI 5493007JDSMX8Z5Z1902, CIK 0000016732

## Latest Figures

| Figure | Value | Exact value | Unit | Change | Period | Period end | Source documents |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Revenue, quarter | $2.1bn | 2137000000 | USD | −7.9% year on year | FY2026 Q4 | 2026-08-02 | 10-K 2026-08, 10-Q 2026-05 |
| Operating income, quarter | $4.0m | 4000000 | USD | −98.5% year on year | FY2026 Q4 | 2026-08-02 | 10-K 2026-08, 10-Q 2026-05 |
| Net income, quarter | −$60.0m | -60000000 | USD | n.m. year on year | FY2026 Q4 | 2026-08-02 | 10-K 2026-08, 10-Q 2026-05 |
| Operating margin, last 4 quarters | 8.7% | 8.7438 | % | −2.2pp year on year | FY2026 Q4 | 2026-08-02 | 10-Q 2025-11, 10-Q 2026-02, 10-Q 2026-05, 10-K 2026-08 |
| Return on equity, last 4 quarters | 10.4% | 10.3973 | % | −5.2pp year on year | FY2026 Q4 | 2026-08-02 | 10-K 2026-08, 10-Q 2025-11, 10-Q 2026-02, 10-Q 2026-05 |

- Operating margin: Operating income / revenue.
- Return on equity: Net income attributable to the company / average shareholders' equity attributable to the company.

## Key Findings

Each finding is a sentence written by a fixed rule from the figures; the mark in brackets is how the finding moved against the report before.

- Revenue for the quarter ended 2 August 2026 was US$2.1 billion, 7.9% lower than in the same quarter a year earlier. [Strengthened in Q4 FY2026] Sources: 10-K 2026-08, 10-Q 2026-05.
- The company reported a net loss of US$60 million, against net income of US$145 million in the same quarter a year earlier. [New in Q4 FY2026] Sources: 10-K 2026-08, 10-Q 2026-05.
- The operating margin over the last 4 quarters was 8.7%, 2.2 percentage points lower than a year earlier. [New in Q4 FY2026] Sources: 10-Q 2025-11, 10-Q 2026-02, 10-Q 2026-05, 10-K 2026-08.
- Return on equity over the last 4 quarters was 10.4%, against 15.6% a year earlier. [New in Q4 FY2026] Sources: 10-K 2026-08, 10-Q 2025-11, 10-Q 2026-02, 10-Q 2026-05, 10-K 2025-08.
- Free cash flow over the last 4 quarters was US$678 million, and operating cash flow was 2.6 times net income attributable to the company. [Confirmed in Q4 FY2026] Sources: 10-Q 2025-11, 10-Q 2026-02, 10-Q 2026-05, 10-K 2026-08.
- Net debt was US$6.7 billion at 2 August 2026, 5.3 times EBITDA over the last 4 quarters. [Confirmed in Q4 FY2026] Sources: 10-K 2026-08, 10-Q 2025-11, 10-Q 2026-02, 10-Q 2026-05.
- Lease-adjusted debt was 5.2 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 13.0% of that debt. Debt to EBITDA is within the highly leveraged band of the S&P standard volatility table and FFO to debt within the aggressive band. [New in Q4 FY2026] Sources: 10-K 2026-08, 10-Q 2025-11, 10-Q 2026-02, 10-Q 2026-05, 10-K 2025-08.
- Cash, short-term investments and operating cash flow over the last 4 quarters equalled 0.8 times the sum of debt due within 12 months, capital expenditure and dividends. [Confirmed in Q4 FY2026] Sources: 10-K 2026-08, 10-Q 2025-11, 10-Q 2026-02, 10-Q 2026-05.
- Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 4.2% of average total assets. [Strengthened in Q4 FY2026] Sources: 10-K 2026-08, 10-Q 2025-11, 10-Q 2026-02, 10-Q 2026-05.
- The Altman Z'' score for fiscal 2026 was 1.42, between the distress threshold of 1.10 and the safe threshold of 2.60. [Confirmed in FY2026] Sources: 10-K 2026-08.
- The Beneish M-score for fiscal 2026 was minus 2.64, below the model threshold of minus 1.78. [Confirmed in FY2026] Sources: 10-K 2026-08.
- The Piotroski F-score for fiscal 2026 was 6 of 9. The 3 signals not met were return on assets higher than a year earlier, margin higher than a year earlier and asset turnover higher than a year earlier. [Confirmed in FY2026] Sources: 10-K 2025-08, 10-K 2026-08.

## Fiscal Years

| Fiscal year | Year end | Item | Value | Exact value | Unit | Source documents |
| --- | --- | --- | --- | --- | --- | --- |
| FY2026 | 2026-08-02 | Revenue | $9.7bn | 9744000000 | USD | 10-K 2026-08 |
| FY2026 | 2026-08-02 | Operating income | $852m | 852000000 | USD | 10-K 2026-08 |
| FY2026 | 2026-08-02 | Net income attributable to the company | $403m | 403000000 | USD | 10-K 2026-08 |
| FY2025 | 2025-08-03 | Revenue | $10.3bn | 10253000000 | USD | 10-K 2026-08 |
| FY2025 | 2025-08-03 | Operating income | $1.1bn | 1124000000 | USD | 10-K 2026-08 |
| FY2025 | 2025-08-03 | Net income attributable to the company | $602m | 602000000 | USD | 10-K 2026-08 |
| FY2024 | 2024-07-28 | Revenue | $9.6bn | 9636000000 | USD | 10-K 2026-08 |
| FY2024 | 2024-07-28 | Operating income | $1.0bn | 1000000000 | USD | 10-K 2026-08 |
| FY2024 | 2024-07-28 | Net income attributable to the company | $567m | 567000000 | USD | 10-K 2026-08 |
| FY2023 | 2023-07-30 | Revenue | $9.4bn | 9357000000 | USD | 10-K 2025-08 |
| FY2023 | 2023-07-30 | Operating income | $1.3bn | 1312000000 | USD | 10-K 2025-08 |
| FY2023 | 2023-07-30 | Net income attributable to the company | $858m | 858000000 | USD | 10-K 2025-08 |
| FY2022 | 2022-07-31 | Revenue | $8.6bn | 8562000000 | USD | 10-K 2024-07 |
| FY2022 | 2022-07-31 | Operating income | $1.2bn | 1163000000 | USD | 10-K 2024-07 |
| FY2022 | 2022-07-31 | Net income attributable to the company | $757m | 757000000 | USD | 10-K 2024-07 |

## Source Documents

- 10-K 2026-08: Form 10-K, period ended 2 August 2026, 24 Sep 2026 (https://www.sec.gov/Archives/edgar/data/16732/000001673226000026/cpb-20260802.htm)
- 10-Q 2026-05: Form 10-Q, period ended 3 May 2026, 8 Jun 2026 (https://www.sec.gov/Archives/edgar/data/16732/000001673226000012/cpb-20260503.htm)
- 10-Q 2025-11: Form 10-Q, period ended 2 November 2025, 9 Dec 2025 (https://www.sec.gov/Archives/edgar/data/16732/000001673225000126/cpb-20251102.htm)
- 10-Q 2026-02: Form 10-Q, period ended 1 February 2026, 11 Mar 2026 (https://www.sec.gov/Archives/edgar/data/16732/000001673226000006/cpb-20260201.htm)
- 10-K 2025-08: Form 10-K, period ended 3 August 2025, 18 Sep 2025 (https://www.sec.gov/Archives/edgar/data/16732/000001673225000112/cpb-20250803.htm)
- 10-K 2024-07: Form 10-K, period ended 28 July 2024, 19 Sep 2024 (https://www.sec.gov/Archives/edgar/data/16732/000001673224000130/cpb-20240728.htm)

## Reliability

- 308 checks compare these figures with other official figures; 0 failed.
- 0 values are withheld because the filings do not prove them; a withheld value is absent, never estimated.
- Every earlier snapshot stays published: https://annalist.io/api/v1/companies/campbells/snapshots.json

## Cite

Annalist, The Campbell's Company, snapshot campbells/FY2026Q4_780d3b88; <item>, <period>; source <document>. Link the page https://annalist.io/company/campbells/ and the source document of the figure.

A figure of a statement has an address of its own, which opens the page at that figure with its source documents: https://annalist.io/company/campbells/?fig=<statement>/<period>/<item>, for example https://annalist.io/company/campbells/?fig=pl_quarterly/FY2026%20Q4/revenue

## Full Data

- [Every statement, ratio and document of this snapshot (JSON)](https://annalist.io/api/v1/companies/campbells/snapshots/FY2026Q4_780d3b88/info.json)
- [Latest snapshot, at an address that does not change (JSON)](https://annalist.io/api/v1/companies/campbells/latest.json)
- [Income statement, quarterly (CSV)](https://annalist.io/api/v1/companies/campbells/snapshots/FY2026Q4_780d3b88/pl_quarterly.csv)
- [Income statement, annual (CSV)](https://annalist.io/api/v1/companies/campbells/snapshots/FY2026Q4_780d3b88/pl_annual.csv)
- [Balance sheet, quarter end (CSV)](https://annalist.io/api/v1/companies/campbells/snapshots/FY2026Q4_780d3b88/balance_sheet.csv)
- [Cash flow, quarterly (CSV)](https://annalist.io/api/v1/companies/campbells/snapshots/FY2026Q4_780d3b88/cf_quarterly.csv)
- [Cash flow, annual (CSV)](https://annalist.io/api/v1/companies/campbells/snapshots/FY2026Q4_780d3b88/cf_annual.csv)
- [Ratios, annual (JSON)](https://annalist.io/api/v1/companies/campbells/snapshots/FY2026Q4_780d3b88/ratios/annual.json)
- [Ratios, quarterly (JSON)](https://annalist.io/api/v1/companies/campbells/snapshots/FY2026Q4_780d3b88/ratios/quarterly.json)
- [Ratios, ttm (JSON)](https://annalist.io/api/v1/companies/campbells/snapshots/FY2026Q4_780d3b88/ratios/ttm.json)
- [Key findings with their history (JSON)](https://annalist.io/api/v1/companies/campbells/findings.json)
- [New reports and findings (Atom feed)](https://annalist.io/company/campbells/feed.xml)
- [Excel workbook](https://annalist.io/company/campbells/campbells.xlsx)
- [Buyout model on these figures](https://annalist.io/deal-lab/buyout/campbells/)
- [Lenders, customers, suppliers and owners (brief in Markdown)](https://annalist.io/atlas/campbells/brief.md)
- [Lenders, customers, suppliers and owners (JSON)](https://annalist.io/api/v1/atlas/campbells.json)

## Peers

- [McCormick & Company, Incorporated](https://annalist.io/company/mccormick/brief.md)
- [Conagra Brands, Inc.](https://annalist.io/company/conagra-brands/brief.md)
- [General Mills, Inc.](https://annalist.io/company/general-mills/brief.md)
- [Side by side](https://annalist.io/compare/?c=campbells,mccormick,conagra-brands,general-mills)

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Figures come from official filings and are provided as they are, without warranty of accuracy or completeness. They are not investment advice.