Campbell Soup Company

CPB

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

8/3/2025

Revenue

10,253

Cost of Revenue

7,134

Gross Profit

3,119

Gross Margin

30.4%

Operating Income

1,353

Operating Margin

13.2%

Net Income

602

Net Margin

5.9%

EPS (Basic)

$2.02

EPS (Diluted)

$2.01

EBITDA

1,575

EBITDA Margin

15.4%

2024

7/31/2024

Revenue

9,636

Cost of Revenue

6,665

Gross Profit

2,971

Gross Margin

30.8%

Operating Income

1,226

Operating Margin

12.7%

Net Income

567

Net Margin

5.9%

EPS (Basic)

$1.90

EPS (Diluted)

$1.89

EBITDA

1,417

EBITDA Margin

14.7%

2023

7/31/2023

Revenue

9,357

Cost of Revenue

6,440

Gross Profit

2,917

Gross Margin

31.2%

Operating Income

1,312

Operating Margin

14.0%

Net Income

858

Net Margin

9.2%

EPS (Basic)

$2.87

EPS (Diluted)

$2.85

EBITDA

1,703

EBITDA Margin

18.2%

2022

7/31/2022

Revenue

8,562

Cost of Revenue

5,935

Gross Profit

2,627

Gross Margin

30.7%

Operating Income

1,148

Operating Margin

13.4%

Net Income

757

Net Margin

8.8%

EPS (Basic)

$2.51

EPS (Diluted)

$2.51

EBITDA

1,501

EBITDA Margin

17.5%

2021

7/31/2021

Revenue

8,476

Cost of Revenue

5,665

Gross Profit

2,811

Gross Margin

33.2%

Operating Income

1,270

Operating Margin

15.0%

Net Income

1,002

Net Margin

11.8%

EPS (Basic)

$3.31

EPS (Diluted)

$3.29

EBITDA

1,863

EBITDA Margin

22.0%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	10,253	9,636	9,357	8,562	8,476
Cost of Revenue	7,134	6,665	6,440	5,935	5,665
Gross Profit	3,119	2,971	2,917	2,627	2,811
Gross Margin	30.4%	30.8%	31.2%	30.7%	33.2%
Operating Income	1,353	1,226	1,312	1,148	1,270
Operating Margin	13.2%	12.7%	14.0%	13.4%	15.0%
Net Income	602	567	858	757	1,002
Net Margin	5.9%	5.9%	9.2%	8.8%	11.8%
EPS (Basic)	$2.02	$1.90	$2.87	$2.51	$3.31
EPS (Diluted)	$2.01	$1.89	$2.85	$2.51	$3.29
EBITDA	1,575	1,417	1,703	1,501	1,863
EBITDA Margin	15.4%	14.7%	18.2%	17.5%	22.0%