Conagra Brands, Inc.
Financial Performance
Conagra Brands Revenue & Financials
Revenue
$11.3B (FY2026)
Market Cap
$6.5B
Employees
17,400
What is Conagra Brands's revenue?
Conagra Brands had $11.3B in revenue for fiscal year 2026, down 2.9% from 2025.
- Latest revenue
- $11.3B (FY2026)
- Year-over-year
- -2.9%
- Growth rate (CAGR)
- 4.1% over 9 years
- Peak revenue
- $12.3B (FY2023)
- Years of data
- 10
- Employees
- 17,400
- What is Conagra Brands's operating income?
- Conagra Brands reported an operating loss of $1.6B for fiscal year 2026. sec.gov
- How many employees does Conagra Brands have?
- Conagra Brands has about 17,400 employees.
Financial Analysis
Conagra's net sales peaked at $12.28 billion in fiscal 2023 and have since declined: $12.05 billion in fiscal 2024, $11.61 billion in fiscal 2025, and $11.28 billion in fiscal 2026, partly because of divestitures such as Chef Boyardee. Fiscal 2026 brought a reported operating margin of (14.4)% and a diluted loss of $4.00 per share because of non-cash goodwill and brand impairments; on an adjusted basis, operating margin was 11.3% and EPS was $1.72. In July 2026 the company cut its annualized dividend 50% to $0.70 per share to repay debt faster and reinvest in brands and supply chain. Q1 fiscal 2027 (ended August 30, 2026) net sales fell 1.4% to $2.6 billion, while net income rose 6.0% to $174 million and adjusted EPS was $0.41. Conagra Brands is a heavyweight in North American packaged foods, maintaining a strong market valuation typically around $13 billion.
Revenue Trend Analysis
YoY Change
-2.9%
9-Year CAGR
+4.1%
Peak Year
2023
Trend
Mostly Growing
Conagra Brands, Inc. has 10 full fiscal year figures on this page, compounding at +4.1% annually over 9 years. The most recent year saw a 2.9% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at $12.3B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2026 | $11.3B | -$1.6Bfiling | — | -2.9% | data.sec.gov |
| FY2025 | $11.6B | $1.4Bfiling | — | -3.6% | data.sec.gov |
| FY2024 | $12.1B | $852.8Mfiling | — | -1.8% | data.sec.gov |
| FY2023 | $12.3B | $1.1Bfiling | — | +6.4% | data.sec.gov |
| FY2022 | $11.5B | $1.6Bfiling | — | +3.1% | data.sec.gov |
| FY2021 | $11.2B | $2.1Bfiling | — | +1.2% | data.sec.gov |
| FY2020 | $11.1B | $1.8B | $840.1M | +15.9% | Conagra Brands, Inc. annual report (Form 10-K, SEC EDGAR, filed 2022-07-21) Fiscal year ended 2020-05-31. |
| FY2019 | $9.5B | $1.6B | $678.3M | +20.2% | Conagra Brands, Inc. annual report (Form 10-K, SEC EDGAR, filed 2021-07-23) Fiscal year ended 2019-05-26. |
| FY2018 | $7.9B | $1.4B | $808.4M | +1.4% | Conagra Brands, Inc. annual report (Form 10-K, SEC EDGAR, filed 2020-07-24) Fiscal year ended 2018-05-27. |
| FY2017 | $7.8B | $1.2B | $639.3M | — | Conagra Brands, Inc. annual report (Form 10-K, SEC EDGAR, filed 2019-07-19) Fiscal year ended 2017-05-28. |
Click any row to see year details.
Conagra Brands, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2026ended May 31, 2026 | $1.4B | $423.4M | $17.3B | $10.9B | — | $978.7M | Form 10-K |
| FY2025ended May 25, 2025 | $1.7B | $389.3M | $20.9B | $12B | $8.9B | $1.3B | Form 10-K |
| FY2024ended May 26, 2024 | $2B | $388.1M | $20.9B | $12.4B | $8.4B | $1.6B | Form 10-K |
| FY2023ended May 28, 2023 | $995.4M | $362.2M | $22.1B | $13.2B | $8.7B | $633.2M | Form 10-K |
| FY2022ended May 29, 2022 | $1.2B | $464.4M | $22.4B | $13.6B | $8.8B | $712.9M | Form 10-K |
| FY2021ended May 30, 2021 | $1.5B | $506.4M | $22.2B | $13.6B | $8.6B | $961.7M | Form 10-K |
| FY2020ended May 31, 2020 | $1.8B | $369.5M | $22.3B | $14.4B | $7.9B | $1.5B | Form 10-K |
| FY2019ended May 26, 2019 | $1.1B | $353.1M | $22.2B | $14.8B | $7.4B | $772.4M | Form 10-K |
| FY2018ended May 27, 2018 | $954.2M | $251.6M | $10.4B | $6.6B | $3.7B | $702.6M | Form 10-K |
| FY2017ended May 28, 2017 | $1.2B | $242.1M | $10.1B | $6B | $4B | $928.1M | Form 10-K |
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Conagra Brands Revenue and Financial FAQ
What are Conagra Brands' annual net sales and operating profit figures?
Conagra Brands, Inc. reported revenue of $11.3 billion for fiscal year 2026, down from $11.6 billion in fiscal 2025.
How are Conagra's sales divided across its reporting segments?
Refrigerated & Frozen is Conagra's largest segment, generating approximately 41% to 43% of net sales; Grocery & Snacks accounts for roughly 40% to 42%; International contributes about 8% to 9%; and Foodservice represents approximately 9% to 10% of total sales.
How much annual free cash flow does Conagra Brands generate?
Conagra generates dependable annual free cash flow of approximately $900 million to $1.2 billion, providing the capital necessary to service acquisition debt, reinvest in manufacturing automation, and maintain a generous shareholder dividend.
What is Conagra's dividend payout policy and yield profile?
Conagra Brands pays an attractive quarterly cash dividend on its common stock, returning over $600 million annually to shareholders with a dividend payout yield typically ranging between 4.0% and 5.5%, making it a core holding for dividend income investors.
How did Conagra manage its long-term debt following the $10.9 billion Pinnacle Foods acquisition?
Following the debt-financed acquisition of Pinnacle Foods in 2018, Conagra committed to an aggressive debt deleveraging program, paying down billions in term loans to reduce its net debt-to-EBITDA ratio from over 5.0x down toward its long-term target of approximately 3.0x.
How do commodity and agricultural input costs impact Conagra's financial performance?
Conagra is exposed to price swings in meats (beef, poultry, pork for Slim Jim and Banquet), dairy (cream for Reddi-wip), wheat, tomatoes, vegetable oils, steel cans, and refrigerated freight, which it actively hedges using financial commodity derivatives and forward contracts.
What is Conagra's capital expenditure (CapEx) strategy?
Conagra invests approximately $400 million to $500 million annually in capital expenditures, focusing on plant automation, packaging sustainability, high-speed meat snacking extrusion lines, and digital supply chain forecasting tools.
What is Conagra Brands' market capitalization on the New York Stock Exchange?
Conagra Brands (NYSE: CAG) trades with a market capitalization generally ranging between $13 billion and $16 billion, representing a leading pure-play consumer packaged foods manufacturer in the S&P 500 index.
Is Conagra a profitable company?
Yes, as a massive consumer staples company, their profits are highly stable. During periods of massive inflation, they successfully maintained their profit margins by aggressively raising prices on consumers, though this occasionally resulted in lower total sales volume.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Conagra Brands Revenue & Financials." CorpDigest, https://corpdigest.com/company/conagra-brands/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Conagra Brands reported $11.3B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/conagra-brands/financials" target="_blank" rel="noopener">CorpDigest — Conagra Brands financials</a></div>Related Financial Audits
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