The Campbell's Company — Earnings Quality Grade F
CPB · Consumer Defensive
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 19 days, change -3 days YoY
AR growth -7.8% vs revenue growth 6.4%
Revenue 6.4%, CFFO -4.6%. Cash follows revenue
Expense Quality
Inventory 2.7% vs COGS 7.0%. Normal
CapEx growth -17.6% vs revenue 6.4%. Normal
SG&A/Gross Profit = 51.2%. Normal
Gross margin 30.4%, change -0.4pp. Stable
Cash Flow Quality
CFFO/NI = 1.88. Profits backed by cash
FCF $0.7B, FCF/NI = 1.17
Accruals ratio = -3.6%. Low accruals
Cash $0.1B covers only 2% of debt $7.2B
Balance Sheet Health
Goodwill+Intangibles $9.3B = 240% of equity. Over 50%
Debt/EBITDA = 4.6x (>4x). Financial stress
Other assets 16.7% vs revenue 6.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -5% YoY. Normal
Manipulation Score
M-Score = -2.71 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10