CPBCAMPBELL'S Co
Food And Kindred Products
- Revenue
- $9.7B
- 5.0% YoY
- Operating margin
- 8.7%
- 20% YoY
- EBITDA
- $1.3B
- 19% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 5.3×
- $6.7B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear257% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear48% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear34% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $8.6B | $9.4B | $9.6B | $10.3B | $9.7B | 5.0% |
| Operating income | $1.2B | $1.3B | $1.0B | $1.1B | $852M | 24% |
| Net income | $757M | $858M | $567M | $602M | $405M | 33% |
| Operating cash flow | $1.2B | $1.1B | $1.2B | $1.1B | $1.0B | 8.1% |
| Capex | $242M | $370M | $517M | $426M | $361M | 15% |
| Stock-based comp | $59M | $63M | $99M | $57M | $56M | 1.8% |
| Buybacks | $167M | $142M | $67M | $62M | $26M | 58% |
| Dividends | $451M | $447M | $445M | $459M | $470M | 2.4% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 61 | 95 |
| FY2025 | — | — | 85 | 100 |
| FY2024 | — | — | 118 | 106 |
| FY2023 | — | — | 113 | 119 |
| FY2022 | — | — | 117 | 113 |