Campbell’s Co
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Campbell’s Co (CPB). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Meals & Beverages [Member] | $4.75B 54.6% | $4.62B 54.5% · -2.7% | $4.61B 53.8% · -0.3% | $4.91B 52.4% · +6.5% | $5.26B 54.6% · +7.2% | $6.05B 59.0% · +15.1% |
| Snacks [Member] | $3.94B 45.4% | $3.86B 45.5% · -2.3% | $3.96B 46.2% · +2.6% | $4.45B 47.6% · +12.5% | $4.38B 45.4% · -1.6% | $4.20B 41.0% · -4.0% |
| Corporate | – | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Meals & Beverages [Member] | $1.01B 21.3% | $922.0M 20.0% | $874.0M 19.0% | – | – | – |
| Snacks [Member] | $525.0M 13.3% | $514.0M 13.3% | $517.0M 13.1% | – | – | – |
| Corporate | -$418.0M | $130.0M | -$223.0M | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Snacks [Member] | $4.10B 47.2% | $3.99B 47.1% · -2.7% | $4.10B 47.9% · +2.9% | $4.64B 49.6% · +13.2% | $4.60B 47.7% · -1.0% | $4.43B 43.2% · -3.6% |
| Soup [Member] | $2.65B 30.5% | $2.57B 30.3% · -3.2% | $2.62B 30.5% · +1.8% | $2.74B 29.3% · +4.8% | $2.71B 28.1% · -1.1% | $2.78B 27.1% · +2.5% |
| Other Simple Meals [Member] | $1.18B 13.6% | $1.13B 13.4% · -4.2% | $1.09B 12.7% · -3.8% | $1.21B 12.9% · +10.4% | $1.62B 16.8% · +34.3% | $2.33B 22.7% · +43.7% |
| Beverages [Member] | $755.0M 8.7% | $785.0M 9.3% · +4.0% | $753.0M 8.8% · -4.1% | $769.0M 8.2% · +2.1% | $712.0M 7.4% · -7.4% | $721.0M 7.0% · +1.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 12, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.