CPB

MKT CAP:$6B

Campbell Soup Company

Market Cap

$6B

Consumer Defensive·Packaged Foods·🇺🇸 United States·NASDAQ

Consumer Def.·Packaged Foods·🇺🇸·NASDAQ

Stock Price

$20.77-$6.95 (-25.06%)

Apr 23, 2026

Company Details

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segm...

CEO

Mick J. Beekhuizen

IPO Date

Dec 13, 1954

Website

www.thecampbellscompany.com

Key Metrics TTM

Revenue

$10.0B

-0.8% YoY

Net Income

$550M

EPS (Diluted)

$1.84

Free Cash Flow

$919M

Revenue / Share

$33.57

Gross Margin

29.3%

Operating Margin

12.1%

Net Margin

5.5%

FCF Margin

9.2%

P/S

0.6x

P/E

11.1x

Earnings Reports

Q2 2026

Mar 11, 2026

$2.6B-4.5%EPS $0.48

Q1 2026

Dec 9, 2025

$2.7B-3.4%EPS $0.65

FY 2025

Sep 18, 2025

$10.3B+6.4%EPS $2.01

Q4 2025

Sep 18, 2025

$2.3B+1.2%EPS $0.49

Q3 2025

Jun 2, 2025

$2.5B+4.5%EPS $0.22

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$2.1B	$665M	$294M
Q4 22	$2.0B	$571M	$196M
Q1 23	$2.6B	$834M	$451M
Q2 23	$2.5B	$759M	$349M
Q3 23	$2.2B	$668M	$273M
Q4 23	$2.1B	$656M	$247M
Q1 24	$2.5B	$788M	$367M
Q2 24	$2.5B	$776M	$328M
Q3 24	$2.4B	$732M	$273M
Q4 24	$2.3B	$675M	$258M
Q1 25	$2.8B	$867M	$396M
Q2 25	$2.7B	$819M	$354M
Q3 25	$2.5B	$728M	$308M
Q4 25	$2.3B	$705M	$295M
Q1 26	$2.7B	$792M	$337M
Q2 26	$2.6B	$717M	$272M

Valuation

Quarter	P/S	P/E
Q3 22	1.7x	14.7x
Q4 22	1.7x	19.6x
Q1 23	1.8x	19.9x
Q2 23	1.7x	19.1x
Q3 23	1.8x	20.7x
Q4 23	1.5x	15.9x
Q1 24	1.3x	15.1x
Q2 24	1.4x	17.0x
Q3 24	1.4x	18.1x
Q4 24	1.5x	24.7x
Q1 25	1.4x	25.8x
Q2 25	1.2x	22.9x
Q3 25	1.0x	23.5x
Q4 25	0.9x	16.0x
Q1 26	0.9x	15.4x
Q2 26	0.8x	14.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	$335M	$285M
Q4 22	$80M	$17M
Q1 23	$227M	$150M
Q2 23	$505M	$427M
Q3 23	$186M	$84M
Q4 23	$225M	$112M
Q1 24	$174M	$31M
Q2 24	$510M	$390M
Q3 24	$213M	$100M
Q4 24	$288M	$147M
Q1 25	$225M	$115M
Q2 25	$512M	$411M
Q3 25	$135M	$50M
Q4 25	$259M	$129M
Q1 26	$224M	$97M
Q2 26	$516M	$643M

Capital Expenditures

Quarter	CapEx
Q3 22	$50M
Q4 22	$63M
Q1 23	$77M
Q2 23	$78M
Q3 23	$102M
Q4 23	$113M
Q1 24	$143M
Q2 24	$120M
Q3 24	$113M
Q4 24	$141M
Q1 25	$110M
Q2 25	$101M
Q3 25	$85M
Q4 25	$130M
Q1 26	$127M
Q2 26	$127M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+7.4%	+5.3%
Q4 22	+6.1%	+9.1%
Q1 23	+15.2%	+13.5%
Q2 23	+12.5%	+11.5%
Q3 23	+4.6%	+6.5%
Q4 23	+4.1%	+1.7%
Q1 24	-2.2%	+1.3%
Q2 24	-1.2%	-0.4%
Q3 24	+6.3%	+7.2%
Q4 24	+10.9%	+11.8%
Q1 25	+10.1%	+10.5%
Q2 25	+9.3%	+9.5%
Q3 25	+4.5%	+3.4%
Q4 25	+1.2%	-0.4%
Q1 26	-3.4%	-1.5%
Q2 26	-4.5%	-1.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$15M	0.7%
Q4 22	$13M	0.7%
Q1 23	$15M	0.6%
Q2 23	$16M	0.6%
Q3 23	$17M	0.8%
Q4 23	$15M	0.7%
Q1 24	$17M	0.7%
Q2 24	$19M	0.8%
Q3 24	$44M	1.9%
Q4 24	$19M	0.8%
Q1 25	$19M	0.7%
Q2 25	$17M	0.6%
Q3 25	$16M	0.6%
Q4 25	$5M	0.2%
Q1 26	$13M	0.5%
Q2 26	$20M	0.8%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 22	$22M	$151M	$188M
Q4 22	$23M	$163M	$179M
Q1 23	$21M	$161M	$201M
Q2 23	$21M	$162M	$217M
Q3 23	$24M	$167M	$194M
Q4 23	$26M	$167M	$199M
Q1 24	$24M	$158M	$222M
Q2 24	$25M	$189M	$217M
Q3 24	$27M	$208M	$206M
Q4 24	$26M	$182M	$188M
Q1 25	$26M	$175M	$250M
Q2 25	$25M	$165M	$256M
Q3 25	$23M	$162M	$216M
Q4 25	$26M	$172M	$202M
Q1 26	$24M	$167M	$253M
Q2 26	$22M	$167M	$252M

Revenue Segments

Quarter	Baked Snacks	Beverages	Simple Meals	Soups
Q3 22	$1.0B	$198M	$287M	$606M
Q4 22	$1.1B	$194M	$270M	$428M
Q1 23	$1.2B	$194M	$315M	$893M
Q2 23	$1.1B	$191M	$321M	$852M
Q3 23	$1.2B	$198M	$291M	$571M
Q1 24	$1.2B	$183M	$302M	$860M
Q2 24	$1.1B	$171M	$317M	$841M
Q3 24	$1.2B	$640M	—	$577M
Q1 25	$1.1B	$792M	—	$852M
Q2 25	$1.1B	$778M	—	$849M
Q3 25	$1.1B	$786M	—	$621M
Q4 25	$1.2B	$690M	—	$454M
Q1 26	$1.1B	$736M	—	$835M
Q2 26	$995M	$748M	—	$821M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$196M	$0	$196M
Q4 22	$109M	$0	$109M
Q1 23	$130M	$0	$130M
Q2 23	$158M	$0	$158M
Q3 23	$223M	$0	$223M
Q4 23	$189M	$0	$189M
Q1 24	$91M	$0	$91M
Q2 24	$169M	$0	$169M
Q3 24	$107M	$0	$107M
Q4 24	$108M	$0	$108M
Q1 25	$808M	$0	$808M
Q2 25	$829M	$0	$829M
Q3 25	$143M	$0	$143M
Q4 25	$132M	$0	$132M
Q1 26	$168M	$0	$168M
Q2 26	$561M	$0	$561M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	302M	-0.3%	-1.0%
Q4 22	299M	-1.0%	-1.6%
Q1 23	301M	+0.7%	-0.7%
Q2 23	301M	0.0%	-0.7%
Q3 23	301M	0.0%	-0.3%
Q4 23	299M	-0.7%	0.0%
Q1 24	299M	0.0%	-0.7%
Q2 24	299M	0.0%	-0.7%
Q3 24	300M	+0.3%	-0.3%
Q4 24	298M	-0.7%	-0.3%
Q1 25	301M	+1.0%	+0.7%
Q2 25	299M	-0.7%	0.0%
Q3 25	299M	0.0%	-0.3%
Q4 25	299M	0.0%	+0.3%
Q1 26	299M	0.0%	-0.7%
Q2 26	299M	0.0%	0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$151.1K	14K
Q4 22	$135.2K	15K
Q1 23	$175.2K	15K
Q2 23	$169.0K	15K
Q3 23	$151.6K	15K
Q4 23	$142.6K	15K
Q1 24	$173.7K	15K
Q2 24	$169.4K	15K
Q3 24	$163.4K	15K
Q4 24	$159.2K	14K
Q1 25	$192.5K	14K
Q2 25	$186.5K	14K
Q3 25	$171.9K	14K
Q4 25	$169.4K	14K
Q1 26	$195.4K	14K
Q2 26	$187.2K	14K

Revenue / Employee