What is the primary revenue source for Conagra Brands (CAG)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze CAG's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Conagra Brands's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Conagra Brands Makes Money: CAG Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Neutral

Revenue and operating profit showed little change or moved in different directions year over year, with no clear trend.

Operating margin improved by 2.68 percentage points year over year.

Revenue: USD 11.28B
Largest revenue segment share (Frozen): 34.72%
Cost of revenue: USD 8.58B
Selling, general and administrative: USD 1.44B

View calculation evidence

YoY periods: FY 2026 compared with FY 2025

Source metrics

RevenueRevenue from contract with customer, excluding assessed tax · RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenueCost of goods sold · CostOfGoodsAndServicesSold
Selling, general and administrativeSelling, general and administrative expenses · SellingGeneralAndAdministrativeExpense
Largest revenue segment share (Frozen)Frozen · segment_value / revenue * 100
Operating marginOperating income (loss) · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Watch

Current assets do not cover near-term liabilities, indicating short-term funding pressure.

Goodwill accounts for 47% of total assets, a high share where impairment could hit earnings and equity.

Goodwill: USD 8.12B
Property, plant and equipment: USD 2.86B
Inventory: USD 1.91B
Total liabilities: USD 10.92B
Shareholder equity: USD 6.36B

View calculation evidence

YoY periods: FY 2026 compared with FY 2025

Source metrics

GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty, plant, and equipment and finance lease right-of-use asset, after accumulated depreciation and amortization · PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
Shareholder equityEquity, including portion attributable to noncontrolling interest · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesLiabilities · Liabilities
InventoryInventories · InventoryNet

Cash

Did accounting profit ultimately turn into cash?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Free cash flow remains positive after capital expenditure.

Operating cash flow: USD 1.40B
Free cash flow: USD 978.70M

View calculation evidence

YoY periods: FY 2026 compared with FY 2025

Source metrics

Free cash flowcfo - capex
Operating cash flowsum(waterfull.operating)

Some conclusions lack complete source metrics and should be interpreted cautiously.

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Cash dividends: USD 669.70M
Share repurchases: USD 15.30M
Net shareholder return: USD 685.00M

View calculation evidence

YoY periods: FY 2026 compared with FY 2025

Source metrics

Cash dividendsPayments of dividends · PaymentsOfDividends · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?