Campbell's
CPB on Nasdaq. Campbell's sells soups, snacks, and beverages to grocery stores and people. Market value $5.8bn.
Price checks use the past 12 months to July 2026. Quality checks use five annual reports, the latest for the year to July 2026.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
What to watch out for
See Everyday goods stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $11.97 of spare cash in the past 12 months. A savings account pays about $4.
You pay 14.6 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 8 cents a year. Above 10 is good.
Quality score: 68 of 100. Price score: 95 of 100. Our list needs 70 on quality and 60 on price.
$19.00 a share, at its 1-year low
Over the past year the price has ranged from $18.90 to $32.04.
Dividend: 8.3% a year
Paid every year for at least 5 years
Yields this high often come before a cut. Check the company's latest news.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $8.6bn | $9.4bn | $9.6bn | $10.3bn | $9.7bn |
| Operating margin | |||||
| Operating margin | 13.6% | 14.0% | 10.4% | 11.0% | 8.7% |
| Debt to equity | |||||
| Debt to equity | 1.44 | 1.28 | 1.89 | 1.76 | 1.85 |
| Shares outstanding | |||||
| Shares outstanding | 0.30bn | 0.30bn | 0.30bn | 0.30bn | 0.30bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)5 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- Debt1.85× equity
- Revenue growth, five yearsSlow, 2.8% a year
- Buying back its own sharesRoughly flat
The quarter to July 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $2.1 billion last quarter, down 8% on a year ago.
- A loss of $60 million, after a profit of $145 million a year ago.
- It keeps 9 cents of each $1 of sales as operating profit, down from 11 cents a year earlier.
- Spare cash over the past 12 months: $678 million, down from $705 million.
- Debt is $6.7 billion more than cash, about the same as a year ago.
- Sales did not grow on a year ago in any of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| October 2024 | $2.8bn |
| January 2025 | $2.7bn |
| April 2025 | $2.5bn |
| July 2025 | $2.3bn |
| October 2025 | $2.7bn |
| January 2026 | $2.6bn |
| April 2026 | $2.4bn |
| July 2026 | $2.1bn |
| Quarter to | Amount |
|---|---|
| October 2024 | $218m |
| January 2025 | $173m |
| April 2025 | $66m |
| July 2025 | $145m |
| October 2025 | $194m |
| January 2026 | $145m |
| April 2026 | $124m |
| July 2026 | -$60m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 24 September 2026
- Next quarterly (estimated, 10-Q)
- 7 September 2026
Who owns it
7 long-term investors we follow own it, up from 6 last quarter. 618 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Brandes Investment PartnersCharles Brandes | $141m | 1.0% | Added |
| LSV Asset ManagementJosef Lakonishok | $95m | 0.2% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $41m | <0.1% | Added |
| GAMCO InvestorsMario Gabelli | $15m | 0.1% | Cut |
| Hillman Capital ManagementMark Hillman | $4m | 2.6% | Cut |
| Fairholme Capital ManagementBruce Berkowitz | $3m | 0.2% | New |
| Jensen Investment ManagementEric Schoenstein | $484,038 | <0.1% | Cut |
Largest holders overall
- BlackRock$651mAdded
- Vanguard Portfolio Management$277mAdded
- Vanguard Capital Management$206mCut
- Dimensional Fund Advisors LP$191mCut
- TWO Sigma Investments, LP$179m
- State Street$173mCut
- Morgan Stanley$158mAdded
- UBS Group AG$144mAdded
- Brandes Investment Partners$141mAdded
- Goldman Sachs Group$110mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- Catherine D. Malone, as Trustee of the Mary Alice Dorrance Malone Revocable TrustPassive investor10.2%+5.8 ptsSince 31 March 2026
- BlackRock, Inc.Passive investor9.1%+3.8 ptsSince 30 June 2026
- Contango Limited, LPPassive investor6.2%Since 6 January 2026
- Consul FL LLCPassive investor5.8%Since 6 January 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Catherine D. Malone, as Trustee of the Mary Alice Dorrance Malone Revocable Trust Passive investor | 10.2%+5.8 pts | 31 March 2026 | |
BlackRock, Inc. Passive investor | 9.1%+3.8 pts | 30 June 2026 | |
Contango Limited, LP Passive investor | 6.2% | 6 January 2026 | |
Consul FL LLC Passive investor | 5.8% | 6 January 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $6,435 of shares on the open market. 2 sold $396,710.
- Dorrance Bennett JRDirectorBought
- Date
- 9 June 2026
- Shares
- 300
- Price
- $21.45
- Value
- $6,435
- Sanzio AnthonyEVP, Chief Comms OfficerSold
- Date
- 9 January 2026
- Shares
- 2,700
- Price
- $26.51
- Value
- $71,577
- Brawley Charles A. IIIEVP, Gen Counsel, and Corp SecSold
- Date
- 30 December 2025
- Shares
- 11,550
- Price
- $28.15
- Value
- $325,133
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 9 June 2026 | Dorrance Bennett JR Director | Bought | 300 | $21.45 | $6,435 |
| 9 January 2026 | Sanzio Anthony EVP, Chief Comms Officer | Sold | 2,700 | $26.51 | $71,577 |
| 30 December 2025 | Brawley Charles A. III EVP, Gen Counsel, and Corp Sec | Sold | 11,550 | $28.15 | $325,133 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 24 Sep 2026, and no later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.