CONAGRA BRANDS INC.

CAG

Quality scores

Data as of Sep 5, 2026

4 / 9

Neutral

4/9 — middling fundamentals (neutral zone).

FailROA > 0 — ROA last year = -11.09 %
PassFCF > 0 — FCF last year = 978.70 mill.
PassFCF > net income (accrual quality) — FCF 978.70 vs. net income -1,916.20 (mill.)
FailRising ROA — ROA -11.09 % vs. prior year 5.50 %

FailLower long-term leverage — long-term debt/assets 0.37 vs. prior 0.30
PassRising current ratio (more liquidity) — Current ratio 0.90 vs. prior 0.71
FailNo dilution (shares do not grow) — Shares 478.55 mill. vs. prior 477.37 mill.

Z-Score (original)

1.08

Distress zone

Z''-Score (non-manufacturing)

3.90

Safe zone

Ratio	Value
X1 — Working capital / Total assets	-0.02
X2 — Retained earnings / Total assets	0.24
X3 — EBIT / Total assets	-0.09
X4 — Market cap / Total liabilities	0.71
X4 — Book equity / Total liabilities	0.58
X5 — Sales / Total assets	0.65