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 (2027)

Operations

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

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Revenue was roughly flat year over year while operating profit declined, pressuring profitability.

Operating margin declined by 2.86 percentage points year over year.

Revenue: USD 2.60B
Largest revenue segment share (Frozen): 33.81%
Cost of revenue: USD 1.98B
Selling, general and administrative: USD 350.30M

View calculation evidence

YoY periods: Q1 2027 compared with Q1 2026

Source metrics

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

Assets

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

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Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Goodwill accounts for 45.87% of total assets, a high share where impairment could hit earnings and equity.

Goodwill: USD 8.12B
Property, plant and equipment: USD 2.82B
Inventory: USD 2.15B
Total liabilities: USD 11.30B
Shareholder equity: USD 6.40B

View calculation evidence

YoY periods: Q1 2027 compared with Q1 2026

Source metrics

Shareholder equityEquity, including portion attributable to noncontrolling interest · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
InventoryInventories · InventoryNet
Total liabilitiesLiabilities · Liabilities
Property, plant and equipmentProperty, plant and equipment, net · PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
GoodwillGoodwill · Goodwill

Cash

Did accounting profit ultimately turn into cash?

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Net income is positive while operating cash flow is negative, so reported profit has not become cash.

Free cash flow is negative after capital expenditure.

Net income: USD 174.30M
Operating cash flow: USD −4.20M
Cash conversion: -2.41%
Free cash flow: USD −127.90M

View calculation evidence

YoY periods: Q1 2027 compared with Q1 2026

Source metrics

Net incomeNet earnings including noncontrolling interests · ProfitLoss
Operating cash flowsum(waterfull.operating)
Cash conversionoperating_cash_flow / net_income * 100
Free cash flowcfo - capex

Shareholders

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

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Dividends and net buybacks exceed free cash flow, raising questions about sustainability.

Cash dividends: USD 167.50M
Share repurchases: USD 44.00M
Net shareholder return: USD 211.50M

View calculation evidence

YoY periods: Q1 2027 compared with Q1 2026

Source metrics

Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Cash dividendsPayments of dividends · PaymentsOfDividends · abs(node_value)
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?