# Conagra Brands, Inc. (CAG) — Stock CV

Conagra Brands, Inc. is a $6.45B consumer staples company. Revenue shrank 1.8% over the last year, it currently loses money, and its net debt equals ~8.3 years of free cash flow.

> Conagra Brands Inc is a packaged food company that operates predominantly in the United States (91% of fiscal 2025 revenue). The majority of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye.

## Identity

- **Ticker**: CAG
- **Sector**: Consumer Defensive
- **Industry**: Food And Kindred Products
- **Headquarters**: CHICAGO, IL
- **Employees**: 17 400
- **Website**: https://www.conagrabrands.com
- **Market cap**: $6.45B
- **Last price**: $13.50
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $11.2B
- **Net income**: -$1.91B
- **Free cash flow**: $877M
- **Net debt**: $7.26B
- **P/E**: 20.0
- **Revenue growth (YoY)**: -1.8%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 67 |
| Growth | 25 |
| Profitability | 0 |
| Health | 20 |
| Quality | 65 |
| Moat | 44 |

## Qualifications (beginner checklist) — 6 of 11 passed

- [ ] Revenue growing — -1.8% YoY
- [ ] Profitable — -$1.91B TTM
- [ ] Profit growing — -266.3% YoY
- [x] Generates cash — $877M TTM
- [ ] Debt under control — ~8.3y of cash flow to repay
- [x] Established company — $6.45B market cap
- [x] Not printing shares — -1.9% shares over ~5y
- [x] Proven track record — 9/11 profitable years
- [ ] Financially stable — Altman Z 0.9 — distress
- [x] Pays a dividend — yield 10.40%
- [x] Valuation not extreme — P/E 20.0

## Experience (career milestones)

- **Sep 30, 2026** — Beat EPS estimate by 43%: reported $0.41 vs $0.29 expected
- **FY2021** — Best year on record: $1.30B net income
- **FY2019** — Became debt-free: cash now exceeds total debt
- **FY2017** — Turned profitable: $639M net income after a loss year
- **FY2016** — Revenue already above $10B: $11.6B in first reported year
- **FY2016** — Positive free cash flow every year since: 11-year streak

## Strengths

- None stand out in the data.

## Watch-outs

- Revenue shrinking 1.8% year over year
- Not profitable — 17.0% net margin
- Altman Z-Score 0.90 — elevated financial-distress risk
- Net debt would take ~8.4 years of free cash flow to repay
- Thin interest coverage (-6.9×)

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $11.5B | $888M | $713M |
| FY2023 | $12.3B | $684M | $633M |
| FY2024 | $12.1B | $347M | $1.63B |
| FY2025 | $11.6B | $1.15B | $1.30B |
| FY2026 | $11.3B | -$1.92B | $979M |

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Source: https://stockcv.com/CAG — derived from company filings; may be delayed or incomplete. Information, not investment advice.