C

CONAGRA BRANDS, INC.

CAG · CIK 0000023217

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$11.61B3.6%
FY2025
Net income (FY)
$1.15B231.9%
FY2025
Free cash flow (FY)
$1.30B20.0%
FY2025
Diluted EPS (FY)
$2.40233.3%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10BFY2008 · Revenue $11.25B · Net income $930.6M · 0000950123-10-067148 · filed 2010-07-22FY08Revenue $11.25BNet income $930.6M0000950123-10-067148 · filed 2010-07-22FY2009 · Revenue $12.35B · Net income $978.4M · 0000950123-11-066520 · filed 2011-07-19FY09Revenue $12.35BNet income $978.4M0000950123-11-066520 · filed 2011-07-19FY2010 · Revenue $12.01B · Net income $613.5M · 0001193125-12-308387 · filed 2012-07-20FY10Revenue $12.01BNet income $613.5M0001193125-12-308387 · filed 2012-07-20FY2011 · Revenue $12.39B · Net income $817.6M · 0001445305-13-001653 · filed 2013-07-19FY11Revenue $12.39BNet income $817.6M0001445305-13-001653 · filed 2013-07-19FY2012 · Revenue $1.60B · Net income $467.9M · 0000023217-14-000009 · filed 2014-07-16FY12Revenue $1.60BNet income $467.9M0000023217-14-000009 · filed 2014-07-16FY2013 · Revenue $1.70B · Net income $773.9M · 0001628280-15-005333 · filed 2015-07-17FY13Revenue $1.70BNet income $773.9M0001628280-15-005333 · filed 2015-07-17FY2014 · Revenue $1.70B · Net income $303.1M · 0001628280-16-017613 · filed 2016-07-15FY14Revenue $1.70BNet income $303.1M0001628280-16-017613 · filed 2016-07-15FY2015 · Revenue $1.60B · Net income −$252.6M · 0001628280-16-017613 · filed 2016-07-15 · 0001628280-17-007184 · filed 2017-07-21FY15Revenue $1.60BNet income −$252.6M0001628280-16-017613 · filed 2016-07-15 · 0001628280-17-007184 · filed 2017-07-21FY2016 · Revenue $1.50B · Net income −$677.0M · 0001628280-16-017613 · filed 2016-07-15 · 0000023217-18-000005 · filed 2018-07-20FY16Revenue $1.50BNet income −$677.0M0001628280-16-017613 · filed 2016-07-15 · 0000023217-18-000005 · filed 2018-07-20FY2017 · Revenue $7.83B · Net income $639.3M · 0000023217-19-000006 · filed 2019-07-19FY17Revenue $7.83BNet income $639.3M0000023217-19-000006 · filed 2019-07-19FY2018 · Revenue $7.94B · Net income $808.4M · 0001564590-20-033366 · filed 2020-07-24FY18Revenue $7.94BNet income $808.4M0001564590-20-033366 · filed 2020-07-24FY2019 · Revenue $9.54B · Net income $678.3M · 0001564590-21-037738 · filed 2021-07-23FY19Revenue $9.54BNet income $678.3M0001564590-21-037738 · filed 2021-07-23FY2020 · Revenue $11.05B · Net income $840.1M · 0001437749-22-017530 · filed 2022-07-21FY20Revenue $11.05BNet income $840.1M0001437749-22-017530 · filed 2022-07-21FY2021 · Revenue $11.18B · Net income $1.30B · 0001437749-23-019879 · filed 2023-07-13FY21Revenue $11.18BNet income $1.30B0001437749-23-019879 · filed 2023-07-13FY2022 · Revenue $11.54B · Net income $888.2M · 0001558370-24-009764 · filed 2024-07-11FY22Revenue $11.54BNet income $888.2M0001558370-24-009764 · filed 2024-07-11FY2023 · Revenue $12.28B · Net income $683.6M · 0001558370-25-009180 · filed 2025-07-10FY23Revenue $12.28BNet income $683.6M0001558370-25-009180 · filed 2025-07-10FY2024 · Revenue $12.05B · Net income $347.2M · 0001558370-25-009180 · filed 2025-07-10FY24Revenue $12.05BNet income $347.2M0001558370-25-009180 · filed 2025-07-10FY2025 · Revenue $11.61B · Net income $1.15B · 0001558370-25-009180 · filed 2025-07-10FY25Revenue $11.61BNet income $1.15B0001558370-25-009180 · filed 2025-07-10FY25Revenue $11.61BNet income $1.15B0001558370-25-009180 · filed 2025-07-10FY09FY11FY13FY15FY17FY19FY21FY23FY25

net margin 8.3% → 9.9%

MarginsNet marginFCF margin
-50%0%50%FY2008 · Net margin 8.3% · FCF margin -3.0%FY08Net margin 8.3%FCF margin -3.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 7.9% · FCF margin -2.5%FY09Net margin 7.9%FCF margin -2.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 5.1% · FCF margin 8.2%FY10Net margin 5.1%FCF margin 8.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 6.6% · FCF margin 7.2%FY11Net margin 6.6%FCF margin 7.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 29.2% · FCF margin 44.8%FY12Net margin 29.2%FCF margin 44.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 45.5% · FCF margin 58.2%FY13Net margin 45.5%FCF margin 58.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 17.8% · FCF margin 65.1%FY14Net margin 17.8%FCF margin 65.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin -15.8% · FCF margin 79.3%FY15Net margin -15.8%FCF margin 79.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin -45.1% · FCF margin 65.4%FY16Net margin -45.1%FCF margin 65.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 8.2% · FCF margin 11.9%FY17Net margin 8.2%FCF margin 11.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 10.2% · FCF margin 8.9%FY18Net margin 10.2%FCF margin 8.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 7.1% · FCF margin 8.1%FY19Net margin 7.1%FCF margin 8.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 7.6% · FCF margin 13.3%FY20Net margin 7.6%FCF margin 13.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 11.6% · FCF margin 8.6%FY21Net margin 11.6%FCF margin 8.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 7.7% · FCF margin 6.2%FY22Net margin 7.7%FCF margin 6.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 5.6% · FCF margin 5.2%FY23Net margin 5.6%FCF margin 5.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 2.9% · FCF margin 13.5%FY24Net margin 2.9%FCF margin 13.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 9.9% · FCF margin 11.2%FY25Net margin 9.9%FCF margin 11.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 9.9%FCF margin 11.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 9.9% · free cash flow 11.2% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2BFY2008 · OCF $92.7M · FCF −$336.3M · 0000950123-10-067148 · filed 2010-07-22FY08OCF $92.7MFCF −$336.3M0000950123-10-067148 · filed 2010-07-22FY2009 · OCF $124.0M · FCF −$304.9M · 0000950123-11-066520 · filed 2011-07-19FY09OCF $124.0MFCF −$304.9M0000950123-11-066520 · filed 2011-07-19FY2010 · OCF $1.47B · FCF $990.4M · 0001193125-12-308387 · filed 2012-07-20FY10OCF $1.47BFCF $990.4M0001193125-12-308387 · filed 2012-07-20FY2011 · OCF $1.35B · FCF $886.1M · 0001445305-13-001653 · filed 2013-07-19FY11OCF $1.35BFCF $886.1M0001445305-13-001653 · filed 2013-07-19FY2012 · OCF $1.05B · FCF $716.3M · 0000023217-14-000009 · filed 2014-07-16FY12OCF $1.05BFCF $716.3M0000023217-14-000009 · filed 2014-07-16FY2013 · OCF $1.41B · FCF $989.6M · 0001628280-15-005333 · filed 2015-07-17FY13OCF $1.41BFCF $989.6M0001628280-15-005333 · filed 2015-07-17FY2014 · OCF $1.57B · FCF $1.11B · 0001628280-16-017613 · filed 2016-07-15FY14OCF $1.57BFCF $1.11B0001628280-16-017613 · filed 2016-07-15FY2015 · OCF $1.50B · FCF $1.27B · 0001628280-17-007184 · filed 2017-07-21FY15OCF $1.50BFCF $1.27B0001628280-17-007184 · filed 2017-07-21FY2016 · OCF $1.26B · FCF $981.7M · 0000023217-18-000005 · filed 2018-07-20FY16OCF $1.26BFCF $981.7M0000023217-18-000005 · filed 2018-07-20FY2017 · OCF $1.17B · FCF $928.1M · 0000023217-19-000006 · filed 2019-07-19FY17OCF $1.17BFCF $928.1M0000023217-19-000006 · filed 2019-07-19FY2018 · OCF $954.2M · FCF $702.6M · 0001564590-20-033366 · filed 2020-07-24FY18OCF $954.2MFCF $702.6M0001564590-20-033366 · filed 2020-07-24FY2019 · OCF $1.13B · FCF $772.4M · 0001564590-21-037738 · filed 2021-07-23FY19OCF $1.13BFCF $772.4M0001564590-21-037738 · filed 2021-07-23FY2020 · OCF $1.84B · FCF $1.47B · 0001437749-22-017530 · filed 2022-07-21FY20OCF $1.84BFCF $1.47B0001437749-22-017530 · filed 2022-07-21FY2021 · OCF $1.47B · FCF $961.7M · 0001437749-23-019879 · filed 2023-07-13FY21OCF $1.47BFCF $961.7M0001437749-23-019879 · filed 2023-07-13FY2022 · OCF $1.18B · FCF $712.9M · 0001558370-24-009764 · filed 2024-07-11FY22OCF $1.18BFCF $712.9M0001558370-24-009764 · filed 2024-07-11FY2023 · OCF $995.4M · FCF $633.2M · 0001558370-25-009180 · filed 2025-07-10FY23OCF $995.4MFCF $633.2M0001558370-25-009180 · filed 2025-07-10FY2024 · OCF $2.02B · FCF $1.63B · 0001558370-25-009180 · filed 2025-07-10FY24OCF $2.02BFCF $1.63B0001558370-25-009180 · filed 2025-07-10FY2025 · OCF $1.69B · FCF $1.30B · 0001558370-25-009180 · filed 2025-07-10FY25OCF $1.69BFCF $1.30B0001558370-25-009180 · filed 2025-07-10FY25OCF $1.69BFCF $1.30B0001558370-25-009180 · filed 2025-07-10’09’13’17’21’25

FY2025: $1.69B operating cash − $389.3M capex = $1.30B free cash flow

Returns on capitalReturn on equityReturn on assets
-20%0%20%FY2009 · ROE 20.7% · ROA 8.8%FY09ROE 20.7%ROA 8.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 12.5% · ROA 5.2%FY10ROE 12.5%ROA 5.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 17.5% · ROA 7.2%FY11ROE 17.5%ROA 7.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 10.5% · ROA 4.1%FY12ROE 10.5%ROA 4.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 14.7% · ROA 3.8%FY13ROE 14.7%ROA 3.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 5.8% · ROA 1.6%FY14ROE 5.8%ROA 1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE -5.6% · ROA -1.4%FY15ROE -5.6%ROA -1.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE -18.2% · ROA -5.1%FY16ROE -18.2%ROA -5.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 16.0% · ROA 6.3%FY17ROE 16.0%ROA 6.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 22.0% · ROA 7.8%FY18ROE 22.0%ROA 7.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 9.2% · ROA 3.1%FY19ROE 9.2%ROA 3.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 10.7% · ROA 3.8%FY20ROE 10.7%ROA 3.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 15.2% · ROA 5.9%FY21ROE 15.2%ROA 5.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 10.1% · ROA 4.0%FY22ROE 10.1%ROA 4.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 7.8% · ROA 3.1%FY23ROE 7.8%ROA 3.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 4.1% · ROA 1.7%FY24ROE 4.1%ROA 1.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 12.9% · ROA 5.5%FY25ROE 12.9%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 12.9%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 21% (FY2009) → 13% (FY2025) · on assets 5.5%

Balance sheetLiabilitiesEquity
$0$10B$20BFY2009 · Liabilities $6.35B · Equity $4.72BFY09Liabilities $6.35BEquity $4.72B0000950123-10-067148 · filed 2010-07-22FY2010 · Liabilities $6.81B · Equity $4.92BFY10Liabilities $6.81BEquity $4.92B0000950123-11-066520 · filed 2011-07-19FY2011 · Liabilities $6.73B · Equity $4.67BFY11Liabilities $6.73BEquity $4.67B0001193125-12-308387 · filed 2012-07-20FY2012 · Liabilities $6.91B · Equity $4.44BFY12Liabilities $6.91BEquity $4.44B0001445305-13-001653 · filed 2013-07-19FY2013 · Liabilities $15.04B · Equity $5.26BFY13Liabilities $15.04BEquity $5.26B0000023217-14-000009 · filed 2014-07-16FY2014 · Liabilities $13.96B · Equity $5.26BFY14Liabilities $13.96BEquity $5.26B0001628280-15-005333 · filed 2015-07-17FY2015 · Liabilities $12.83B · Equity $4.53BFY15Liabilities $12.83BEquity $4.53B0001628280-16-017613 · filed 2016-07-15FY2016 · Liabilities $9.60B · Equity $3.71BFY16Liabilities $9.60BEquity $3.71B0001628280-17-007184 · filed 2017-07-21FY2017 · Liabilities $6.02B · Equity $3.99BFY17Liabilities $6.02BEquity $3.99B0000023217-18-000005 · filed 2018-07-20FY2018 · Liabilities $6.63B · Equity $3.68BFY18Liabilities $6.63BEquity $3.68B0000023217-19-000006 · filed 2019-07-19FY2019 · Liabilities $14.75B · Equity $7.38BFY19Liabilities $14.75BEquity $7.38B0001564590-20-033366 · filed 2020-07-24FY2020 · Liabilities $14.35B · Equity $7.88BFY20Liabilities $14.35BEquity $7.88B0001564590-21-037738 · filed 2021-07-23FY2021 · Liabilities $13.56B · Equity $8.55BFY21Liabilities $13.56BEquity $8.55B0001437749-22-017530 · filed 2022-07-21FY2022 · Liabilities $13.57B · Equity $8.79BFY22Liabilities $13.57BEquity $8.79B0001437749-23-019879 · filed 2023-07-13FY2023 · Liabilities $13.25B · Equity $8.74BFY23Liabilities $13.25BEquity $8.74B0001558370-24-009764 · filed 2024-07-11FY2024 · Liabilities $12.35B · Equity $8.44BFY24Liabilities $12.35BEquity $8.44B0001558370-25-009180 · filed 2025-07-10FY2025 · Liabilities $12.00B · Equity $8.93BFY25Liabilities $12.00BEquity $8.93B0001558370-25-009180 · filed 2025-07-10FY25Liabilities $12.00BEquity $8.93B0001558370-25-009180 · filed 2025-07-10’09’13’17’21’25

FY2025: $20.93B assets · $12.00B liabilities · $8.93B equity

The receipts