UL vs HRL vs CAG Stock Comparison

Unilever, Hormel Foods and Conagra Brands Prices as of Oct 23, 2026 Peers: Industry group
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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
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
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

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.

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

Percentile Scorecard

ULHRLCAG

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

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

Price Performance

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

Returns

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

Risk

MeasureULHRLCAGSPY
Volatility, 1Y 24.9%30.0%31.9% 12.7%
Downside volatility, 1Y 24.3%29.8%31.8% 12.7%
Beta vs S&P 500, 1Y 0.03-0.18-0.30 1.00
Return / volatility, 1Y -0.22-0.38-0.61 1.03
Max drawdown, 5Y -26.2%-65.0%-69.3% -25.4%
From 52-week high -11.2%-20.6%-25.8% -2.5%
52-week high $74.59$26.51$20.02 $779.14
52-week low $55.05$19.20$12.58 $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.

MultipleULHRLCAG
P/E now vs peer median —median 20.7x 33.8xmedian 20.7x -3.7xmedian 20.7x
P/S now vs peer median 2.2xmedian 0.7x 1.0xmedian 0.7x 0.6xmedian 0.7x
EV/EBITDA now vs peer median —median 12.4x 12.6xmedian 12.4x 7.7xmedian 12.4x
P/FCF now vs peer median —median 14.0x 14.8xmedian 14.0x 6.1xmedian 14.0x
P/B now vs peer median 7.8xmedian 1.5x 1.5xmedian 1.5x 1.1xmedian 1.5x
PEG now vs peer median —median 0.42 -1.25median 0.42 0.07median 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 monthsULHRLCAG
Revenue $64.28B $12.15B $11.24B
Gross profit – $1.90B $2.68B
Operating income – $573.89M -$1.71B
Net income – $342.71M -$1.91B
Free cash flow – $780.87M $1.15B
EPS (diluted) – $0.62 $-3.97
Cash & equivalents $5.40B $839.64M $371.60M
Total debt $112.81B $11.43B $7.76B
Shares (diluted) 2.20B 551.07M 480.00M
Enterprise value $94.79B $8.18B $6.28B

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

Growth

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

Profitability

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

Financial Health

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

Shareholder Returns

7 metrics
MetricULHRLCAG
Dividend yield 3.2% 5.5% 8.2%
Net buyback yield – – 0.8%
Shareholder yield 3.2% 5.5% 9.0%
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.

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

Institutional Ownership

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

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.

ULHRLCAG
UL 1.00 0.32 0.44
HRL 0.32 1.00 0.46
CAG 0.44 0.46 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, UL, HRL and CAG?

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

Which company is growing faster?

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

Which company is more profitable?

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

Which stock has performed better?

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

Which pays a higher dividend?

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

Which stock is riskier?

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

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

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.