CAG vs HRL vs UL Stock Comparison

Conagra Brands, Hormel Foods and Unilever Prices as of Oct 23, 2026 Peers: Industry group
CAG Conagra Brands Inc.
$14.86 +0.5% 1M -19.5% 1Y
Market cap
$6.98B
P/E
–
Revenue (TTM)
$11.24B
Div. yield
–
Packaged Foods Consumer Staples
1 win
HRL Hormel Foods Corp /De/
$21.05 +5.7% 1M -11.4% 1Y
Market cap
$11.52B
P/E
33.6x
Revenue (TTM)
$12.15B
Div. yield
0.06%
Packaged Foods Consumer Staples
5 wins
UL Unilever Plc
$66.22 +6.5% 1M -5.5% 1Y
Market cap
$143.34B
P/E
–
Revenue (TTM)
$64.28B
Div. yield
–
Packaged Foods Consumer Staples
4 wins

Head to Head

10 decided of 12

Hormel Foods leads on 5 of the 12 questions below (Hormel Foods 5, Unilever 4, Conagra Brands 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCAGHRLULLeader
Larger companyMarket capitalisation $6.98B $11.52B $143.34B UL
Cheaper on earningsLower P/E, profitable companies only -3.7x 33.6x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.9x 15.0x 19.3x CAG
Faster revenue growthRevenue growth, trailing twelve months -1.8% +0.7% -2.6% HRL
More profitableNet margin, trailing twelve months -17.0% 2.8% — HRL
Better return on capitalReturn on invested capital -12.3% 3.5% — HRL
Less leveragedLower net debt / EBITDA 3.9x 1.8x — HRL
Higher dividend yieldTrailing dividend yield 0.00% 0.06% 0.00% –
Better 1-year returnPrice return, last 12 months -19.5% -11.4% -5.5% UL
Better 5-year returnAnnualised price return, 5 years -14.9%/yr -12.9%/yr +1.9%/yr UL
Less volatileAnnualised volatility, 1 year 31.9% 30.0% 24.9% UL
Higher overall scoreMean of the five percentile scores vs peers 48/100 49/100 19/100 HRL

Percentile Scorecard

CAGHRLUL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCAGHRLUL
Valuation 77 #11 of 45 66 #16 of 45 0 #45 of 45
Growth 5 #40 of 42 27 #31 of 42 –
Profitability 39 #25 of 40 49 #21 of 40 –
Financial Health 37 #30 of 47 74 #13 of 47 41 #28 of 47
Shareholder Returns 83 #6 of 31 30 #22 of 31 17 #26 of 31
Overall 48 49 19
  • CAG ranked among 48 companies in Branded Foods
  • HRL ranked among 48 companies in Branded Foods
  • UL ranked among 48 companies in Branded Foods

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCAGHRLULSPY
1 month +0.5%+5.7%+6.5% -1.0%
3 months +0.5%-16.8%+8.6% +2.9%
6 months +4.9%-2.3%+13.9% +6.4%
Year to date -14.2%-11.2%+1.3% +11.4%
1 year -19.5%-11.4%-5.5% +13.1%
3 years -45.1%-32.0%+21.3% +79.4%
3 years, per year -18.1%-12.1%+6.6% +21.5%
5 years -55.4%-49.9%+9.6% +67.7%
5 years, per year -14.9%-12.9%+1.9% +10.9%
10 years -60.2%-44.2%+38.4% +255.2%
10 years, per year -8.8%-5.7%+3.3% +13.5%

Risk

MeasureCAGHRLULSPY
Volatility, 1Y 31.9%30.0%24.9% 12.7%
Downside volatility, 1Y 31.8%29.8%24.3% 12.7%
Beta vs S&P 500, 1Y -0.30-0.180.03 1.00
Return / volatility, 1Y -0.61-0.38-0.22 1.03
Max drawdown, 5Y -69.3%-65.0%-26.2% -25.4%
From 52-week high -25.8%-20.6%-11.2% -2.5%
52-week high $20.02$26.51$74.59 $779.14
52-week low $12.58$19.20$55.05 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCAGHRLUL
P/E now vs peer median -3.7xmedian 20.7x 33.8xmedian 20.7x —median 20.7x
P/S now vs peer median 0.6xmedian 0.7x 1.0xmedian 0.7x 2.2xmedian 0.7x
EV/EBITDA now vs peer median 7.7xmedian 12.4x 12.6xmedian 12.4x —median 12.4x
P/FCF now vs peer median 6.1xmedian 14.0x 14.8xmedian 14.0x —median 14.0x
P/B now vs peer median 1.1xmedian 1.5x 1.5xmedian 1.5x 7.8xmedian 1.5x
PEG now vs peer median 0.07median 0.42 -1.25median 0.42 —median 0.42

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCAGHRLUL
Revenue $11.24B $12.15B $64.28B
Gross profit $2.68B $1.90B –
Operating income -$1.71B $573.89M –
Net income -$1.91B $342.71M –
Free cash flow $1.15B $780.87M –
EPS (diluted) $-3.97 $0.62 –
Cash & equivalents $371.60M $839.64M $5.40B
Total debt $7.76B $11.43B $112.81B
Shares (diluted) 480.00M 551.07M 2.20B
Enterprise value $6.28B $8.18B $94.79B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCAGHRLUL
P/E -3.7x 33.8x –
P/FCF 6.1x 14.8x –
P/Operating cash flow 5.6x 10.6x –
P/S 0.6x 1.0x 2.2x
P/B 1.1x 1.5x 7.8x
P/Tangible book 1.5x 1.8x -92.6x
EV/EBITDA 7.7x 12.6x –
EV/EBIT -8.5x 23.6x –
EV/Revenue 1.3x 1.1x 2.5x
EV/FCF 12.6x 17.4x –
EV/Operating cash flow 11.3x 12.4x –
PEG (3Y EPS CAGR) 0.07 -1.25 –

Growth

14 metrics
MetricCAGHRLUL
Revenue growth (1Y) -1.8% 0.7% -2.6%
Revenue CAGR (3Y) -2.9% -0.1% 147.1%
Gross profit growth (1Y) -7.9% -3.2% –
Gross profit CAGR (3Y) -7.4% -2.5% –
Operating income growth (1Y) -230.3% -43.2% –
Operating income CAGR (3Y) -39.7% -21.1% –
Net income growth (1Y) -324.3% -54.6% –
Net income CAGR (3Y) -55.6% -26.9% –
EPS growth (1Y) -324.1% -54.6% –
EPS CAGR (3Y) -55.5% -27.0% –
Operating cash flow growth (1Y) -17.3% 17.3% –
Operating cash flow CAGR (3Y) 2.8% -0.3% –
Free cash flow growth (1Y) -17.4% 24.4% –
Free cash flow CAGR (3Y) 13.2% -2.5% –

Profitability

14 metrics
MetricCAGHRLUL
Gross margin 23.8% 15.7% –
EBITDA margin 16.8% 8.9% –
Operating margin -15.2% 4.7% –
Pretax margin -16.7% 4.3% –
Net margin -17.0% 2.8% –
FCF margin 10.3% 6.4% –
Operating cash flow margin 11.4% 9.0% –
Return on equity -29.9% 4.3% –
Return on assets -10.9% 2.6% –
Return on invested capital -12.3% 3.5% –
Return on capital employed -11.8% 5.0% –
Asset turnover 0.6x 0.9x 0.8x
Cash conversion (OCF / net income) -0.7x 3.2x –
Stock comp / revenue 0.5% 0.2% –

Financial Health

11 metrics
MetricCAGHRLUL
Debt / assets 43.8% 21.5% 31.2%
Debt / equity 1.2x 0.4x 1.5x
Net debt / EBITDA 3.9x 1.8x –
Debt / FCF 6.7x 3.7x –
Liabilities / assets 63.8% 40.9% 79.0%
Equity / assets 36.2% 59.1% 21.0%
Interest coverage – 7.3x –
Current ratio 1.1x 1.9x 0.7x
Quick ratio 0.3x 0.9x 0.7x
Cash ratio 0.1x 0.5x 0.4x
Altman Z-score 1.05 3.27 –

Shareholder Returns

7 metrics
MetricCAGHRLUL
Dividend yield 8.2% 5.5% 3.2%
Net buyback yield 0.8% – –
Shareholder yield 9.0% 5.5% 3.2%
Payout ratio (earnings) – 187.0% –
Payout ratio (FCF) – 82.1% –
Dividend growth (1Y) – 1.9% –
Dividend CAGR (3Y) – 3.1% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCAGHRLUL
Forward P/E 9.9xFY2026 15.0xFY2026 19.3xFY2026
EPS, next fiscal year $1.50FY2026 $1.40FY2026 $3.44FY2026
EPS growth, next FY -12.8%FY2026 +2.2%FY2026 -6.0%FY2026
EPS growth, the year after -2.7% +17.9% +8.1%
Revenue, next fiscal year $10.36BFY2026 $11.68BFY2026 $55.09BFY2026
Revenue growth, next FY -8.2%FY2026 -3.5%FY2026 -8.2%FY2026
Revenue growth, the year after +1.9% +2.2% +7.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCAGHRLUL
Held by institutions 88.4% 43.8% 11.8%
Institutions holding 785 622 1,190
Change in shares held, QoQ +3.9% -4.0% +7.2%
Institutions buying 486 323 576
Institutions selling 207 230 440
Buyers to sellers 2.35 1.40 1.31

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CAGHRLUL
CAG 1.00 0.46 0.44
HRL 0.46 1.00 0.32
UL 0.44 0.32 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CAG, HRL and UL?

Unilever (UL) is the largest by market capitalisation: Conagra Brands (CAG) $6.98B, Hormel Foods (HRL) $11.52B, Unilever (UL) $143.34B.

Which company is growing faster?

Hormel Foods (HRL) grew revenue fastest over the trailing twelve months: Conagra Brands (CAG) -1.8%, Hormel Foods (HRL) +0.7%, Unilever (UL) -2.6%.

Which company is more profitable?

Hormel Foods (HRL) has the highest net margin (Conagra Brands (CAG) -17.0%, Hormel Foods (HRL) 2.8%). On return on invested capital, Hormel Foods (HRL) leads (Conagra Brands (CAG) -12.3%, Hormel Foods (HRL) 3.5%).

Which stock has performed better?

Over the past year Unilever (UL) returned the most: Conagra Brands (CAG) -19.5%, Hormel Foods (HRL) -11.4%, Unilever (UL) -5.5%. Over five years, Unilever (UL) compounded fastest (Conagra Brands (CAG) -14.9%/yr, Hormel Foods (HRL) -12.9%/yr, Unilever (UL) +1.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Conagra Brands (CAG) 0.00%, Hormel Foods (HRL) 0.06%, Unilever (UL) 0.00%. Conagra Brands (CAG) and Unilever (UL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Unilever (UL) has been the steadiest (Conagra Brands (CAG) 31.9%, Hormel Foods (HRL) 30.0%, Unilever (UL) 24.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CAG, HRL and UL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Hormel Foods (HRL) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.