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Side-by-side financial comparison of Conagra Brands (CAG) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.

Stanley Black & Decker is the larger business by last-quarter revenue ($3.8B vs $3.0B, roughly 1.3× Conagra Brands). Stanley Black & Decker runs the higher net margin — 1.4% vs -22.3%, a 23.6% gap on every dollar of revenue. On growth, Stanley Black & Decker posted the faster year-over-year revenue change (0.1% vs -6.8%). Stanley Black & Decker produced more free cash flow last quarter ($155.3M vs $138.8M). Over the past eight quarters, Stanley Black & Decker's revenue compounded faster (0.3% CAGR vs -0.9%).

Conagra Brands, Inc. is an American consumer packaged goods holding company that makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. Based on its 2021 revenue, the company ranked 331st on the 2022 Fortune 500. Headquartered in Chicago, Illinois, Conagra was founded in Nebraska in 1919 and was originally called Nebraska Consolidated Mills.

Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.

CAG vs SWK — Head-to-Head

Bigger by revenue
SWK
SWK
1.3× larger
SWK
$3.8B
$3.0B
CAG
Growing faster (revenue YoY)
SWK
SWK
+6.9% gap
SWK
0.1%
-6.8%
CAG
Higher net margin
SWK
SWK
23.6% more per $
SWK
1.4%
-22.3%
CAG
More free cash flow
SWK
SWK
$16.5M more FCF
SWK
$155.3M
$138.8M
CAG
Faster 2-yr revenue CAGR
SWK
SWK
Annualised
SWK
0.3%
-0.9%
CAG

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
CAG
CAG
SWK
SWK
Revenue
$3.0B
$3.8B
Net Profit
$-663.6M
$51.4M
Gross Margin
23.4%
31.4%
Operating Margin
-20.1%
Net Margin
-22.3%
1.4%
Revenue YoY
-6.8%
0.1%
Net Profit YoY
-333.3%
-43.6%
EPS (diluted)
$-1.39
$0.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CAG
CAG
SWK
SWK
Q4 25
$3.0B
Q3 25
$2.6B
$3.8B
Q2 25
$2.8B
$3.9B
Q1 25
$2.8B
$3.7B
Q4 24
$3.2B
$3.7B
Q3 24
$2.8B
$3.8B
Q2 24
$2.9B
$4.0B
Q1 24
$3.0B
$3.9B
Net Profit
CAG
CAG
SWK
SWK
Q4 25
$-663.6M
Q3 25
$164.5M
$51.4M
Q2 25
$256.0M
$101.9M
Q1 25
$145.1M
$90.4M
Q4 24
$284.5M
$194.9M
Q3 24
$466.8M
$91.1M
Q2 24
$-567.3M
$-11.2M
Q1 24
$308.6M
$19.5M
Gross Margin
CAG
CAG
SWK
SWK
Q4 25
23.4%
Q3 25
24.3%
31.4%
Q2 25
25.4%
27.0%
Q1 25
25.0%
29.9%
Q4 24
26.5%
30.8%
Q3 24
26.5%
29.9%
Q2 24
27.7%
28.4%
Q1 24
28.3%
28.6%
Operating Margin
CAG
CAG
SWK
SWK
Q4 25
-20.1%
Q3 25
13.2%
Q2 25
0.1%
Q1 25
13.9%
Q4 24
14.8%
3.4%
Q3 24
17.7%
10.6%
Q2 24
-16.3%
9.5%
Q1 24
19.1%
8.3%
Net Margin
CAG
CAG
SWK
SWK
Q4 25
-22.3%
Q3 25
6.2%
1.4%
Q2 25
9.2%
2.6%
Q1 25
5.1%
2.4%
Q4 24
8.9%
5.2%
Q3 24
16.7%
2.4%
Q2 24
-19.5%
-0.3%
Q1 24
10.2%
0.5%
EPS (diluted)
CAG
CAG
SWK
SWK
Q4 25
$-1.39
Q3 25
$0.34
$0.34
Q2 25
$0.54
$0.67
Q1 25
$0.30
$0.60
Q4 24
$0.59
$1.29
Q3 24
$0.97
$0.60
Q2 24
$-1.19
$-0.07
Q1 24
$0.64
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CAG
CAG
SWK
SWK
Cash + ST InvestmentsLiquidity on hand
$46.6M
$268.3M
Total DebtLower is stronger
$7.2B
$5.3B
Stockholders' EquityBook value
$8.1B
$9.0B
Total Assets
$19.5B
$21.8B
Debt / EquityLower = less leverage
0.89×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAG
CAG
SWK
SWK
Q4 25
$46.6M
Q3 25
$698.1M
$268.3M
Q2 25
$68.0M
$311.8M
Q1 25
$49.4M
$344.8M
Q4 24
$37.4M
$290.5M
Q3 24
$128.7M
$298.7M
Q2 24
$77.7M
$318.5M
Q1 24
$78.5M
$476.6M
Total Debt
CAG
CAG
SWK
SWK
Q4 25
$7.2B
Q3 25
$8.2B
$5.3B
Q2 25
$7.3B
$5.6B
Q1 25
$7.3B
$5.6B
Q4 24
$7.3B
$6.1B
Q3 24
$7.5B
$6.1B
Q2 24
$7.5B
$6.1B
Q1 24
$8.5B
$6.1B
Stockholders' Equity
CAG
CAG
SWK
SWK
Q4 25
$8.1B
Q3 25
$8.9B
$9.0B
Q2 25
$8.9B
$9.1B
Q1 25
$8.8B
$8.8B
Q4 24
$8.8B
$8.7B
Q3 24
$8.7B
$8.9B
Q2 24
$8.4B
$8.7B
Q1 24
$9.2B
$8.9B
Total Assets
CAG
CAG
SWK
SWK
Q4 25
$19.5B
Q3 25
$21.2B
$21.8B
Q2 25
$20.9B
$22.5B
Q1 25
$20.7B
$22.5B
Q4 24
$21.0B
$21.8B
Q3 24
$21.2B
$22.5B
Q2 24
$20.9B
$22.5B
Q1 24
$21.9B
$23.9B
Debt / Equity
CAG
CAG
SWK
SWK
Q4 25
0.89×
Q3 25
0.92×
0.59×
Q2 25
0.81×
0.62×
Q1 25
0.83×
0.63×
Q4 24
0.83×
0.70×
Q3 24
0.86×
0.69×
Q2 24
0.89×
0.70×
Q1 24
0.93×
0.69×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CAG
CAG
SWK
SWK
Operating Cash FlowLast quarter
$210.6M
$221.2M
Free Cash FlowOCF − Capex
$138.8M
$155.3M
FCF MarginFCF / Revenue
4.7%
4.1%
Capex IntensityCapex / Revenue
2.4%
1.8%
Cash ConversionOCF / Net Profit
4.30×
TTM Free Cash FlowTrailing 4 quarters
$876.4M
$369.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAG
CAG
SWK
SWK
Q4 25
$210.6M
Q3 25
$120.6M
$221.2M
Q2 25
$345.7M
$214.3M
Q1 25
$592.0M
$-420.0M
Q4 24
$485.6M
$679.1M
Q3 24
$268.6M
$285.8M
Q2 24
$484.3M
$573.0M
Q1 24
$676.7M
$-431.0M
Free Cash Flow
CAG
CAG
SWK
SWK
Q4 25
$138.8M
Q3 25
$-26.2M
$155.3M
Q2 25
$260.6M
$134.7M
Q1 25
$503.2M
$-485.0M
Q4 24
$403.2M
$564.6M
Q3 24
$135.6M
$199.3M
Q2 24
$405.8M
$485.8M
Q1 24
$581.1M
$-496.7M
FCF Margin
CAG
CAG
SWK
SWK
Q4 25
4.7%
Q3 25
-1.0%
4.1%
Q2 25
9.4%
3.4%
Q1 25
17.7%
-13.0%
Q4 24
12.6%
15.2%
Q3 24
4.9%
5.3%
Q2 24
14.0%
12.1%
Q1 24
19.2%
-12.8%
Capex Intensity
CAG
CAG
SWK
SWK
Q4 25
2.4%
Q3 25
5.6%
1.8%
Q2 25
3.1%
2.0%
Q1 25
3.1%
1.7%
Q4 24
2.6%
3.1%
Q3 24
4.8%
2.3%
Q2 24
2.7%
2.2%
Q1 24
3.2%
1.7%
Cash Conversion
CAG
CAG
SWK
SWK
Q4 25
Q3 25
0.73×
4.30×
Q2 25
1.35×
2.10×
Q1 25
4.08×
-4.65×
Q4 24
1.71×
3.48×
Q3 24
0.58×
3.14×
Q2 24
Q1 24
2.19×
-22.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CAG
CAG

Frozen$1.1B35%
Other Shelf Stable$625.2M21%
Snacks$583.9M20%
Foodservice$288.4M10%
Other$230.4M8%
Refrigerated$196.0M7%

SWK
SWK

Tools And Outdoor Segment$3.3B87%
Engineered Fastening Segment$500.5M13%

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