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Side-by-side financial comparison of Campbell's Company (The) (CPB) and Intercontinental Exchange (ICE). Click either name above to swap in a different company.

Intercontinental Exchange is the larger business by last-quarter revenue ($3.1B vs $2.7B, roughly 1.2× Campbell's Company (The)). Intercontinental Exchange runs the higher net margin — 27.1% vs 7.2%, a 19.8% gap on every dollar of revenue. On growth, Intercontinental Exchange posted the faster year-over-year revenue change (3.7% vs -3.4%). Intercontinental Exchange produced more free cash flow last quarter ($1.1B vs $97.0M). Over the past eight quarters, Intercontinental Exchange's revenue compounded faster (5.9% CAGR vs 4.4%).

The Campbell's Company is an American company, most closely associated with its flagship canned soup products. The classic red-and-white can design used by many Campbell's branded products has become an American icon, and its use in pop art was typified by American artist Andy Warhol's series of Campbell's Soup Cans prints.

Intercontinental Exchange, Inc. (ICE) is an American multinational financial services company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services. Listed on the Fortune 500, S&P 500, and Russell 1000, the company owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futures exchanges in the United States, Canada, and Europe; the Liffe future...

CPB vs ICE — Head-to-Head

Bigger by revenue
ICE
ICE
1.2× larger
ICE
$3.1B
$2.7B
CPB
Growing faster (revenue YoY)
ICE
ICE
+7.1% gap
ICE
3.7%
-3.4%
CPB
Higher net margin
ICE
ICE
19.8% more per $
ICE
27.1%
7.2%
CPB
More free cash flow
ICE
ICE
$1.0B more FCF
ICE
$1.1B
$97.0M
CPB
Faster 2-yr revenue CAGR
ICE
ICE
Annualised
ICE
5.9%
4.4%
CPB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CPB
CPB
ICE
ICE
Revenue
$2.7B
$3.1B
Net Profit
$194.0M
$851.0M
Gross Margin
29.6%
Operating Margin
12.6%
39.4%
Net Margin
7.2%
27.1%
Revenue YoY
-3.4%
3.7%
Net Profit YoY
-11.0%
21.9%
EPS (diluted)
$0.65
$1.49

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
CPB
CPB
ICE
ICE
Q4 25
$2.7B
$3.1B
Q3 25
$2.3B
$3.0B
Q2 25
$2.5B
$3.3B
Q1 25
$2.7B
$3.2B
Q4 24
$2.8B
$3.0B
Q3 24
$2.3B
$3.0B
Q2 24
$2.4B
$2.9B
Q1 24
$2.5B
$2.8B
Net Profit
CPB
CPB
ICE
ICE
Q4 25
$194.0M
$851.0M
Q3 25
$145.0M
$816.0M
Q2 25
$66.0M
$851.0M
Q1 25
$173.0M
$797.0M
Q4 24
$218.0M
$698.0M
Q3 24
$-3.0M
$657.0M
Q2 24
$133.0M
$632.0M
Q1 24
$203.0M
$767.0M
Gross Margin
CPB
CPB
ICE
ICE
Q4 25
29.6%
Q3 25
30.4%
Q2 25
29.4%
Q1 25
30.5%
Q4 24
31.3%
Q3 24
29.4%
Q2 24
30.9%
Q1 24
31.6%
Operating Margin
CPB
CPB
ICE
ICE
Q4 25
12.6%
39.4%
Q3 25
11.6%
39.0%
Q2 25
6.5%
39.8%
Q1 25
12.2%
37.8%
Q4 24
13.2%
35.5%
Q3 24
3.4%
36.4%
Q2 24
10.5%
36.8%
Q1 24
12.9%
38.0%
Net Margin
CPB
CPB
ICE
ICE
Q4 25
7.2%
27.1%
Q3 25
6.2%
27.1%
Q2 25
2.7%
26.1%
Q1 25
6.4%
24.7%
Q4 24
7.9%
23.0%
Q3 24
-0.1%
21.7%
Q2 24
5.6%
21.8%
Q1 24
8.3%
27.4%
EPS (diluted)
CPB
CPB
ICE
ICE
Q4 25
$0.65
$1.49
Q3 25
$0.49
$1.42
Q2 25
$0.22
$1.48
Q1 25
$0.58
$1.38
Q4 24
$0.72
$1.21
Q3 24
$-0.01
$1.14
Q2 24
$0.44
$1.10
Q1 24
$0.68
$1.33

Balance Sheet & Financial Strength

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

Metric
CPB
CPB
ICE
ICE
Cash + ST InvestmentsLiquidity on hand
$168.0M
$837.0M
Total DebtLower is stronger
$6.1B
Stockholders' EquityBook value
$4.0B
$28.9B
Total Assets
$15.2B
$136.9B
Debt / EquityLower = less leverage
1.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CPB
CPB
ICE
ICE
Q4 25
$168.0M
$837.0M
Q3 25
$132.0M
$850.0M
Q2 25
$143.0M
$1.0B
Q1 25
$829.0M
$783.0M
Q4 24
$808.0M
$844.0M
Q3 24
$108.0M
$755.0M
Q2 24
$107.0M
$885.0M
Q1 24
$169.0M
$863.0M
Total Debt
CPB
CPB
ICE
ICE
Q4 25
$6.1B
Q3 25
$6.1B
Q2 25
$6.1B
Q1 25
$6.5B
Q4 24
$6.7B
Q3 24
$5.8B
Q2 24
$5.8B
Q1 24
$4.5B
Stockholders' Equity
CPB
CPB
ICE
ICE
Q4 25
$4.0B
$28.9B
Q3 25
$3.9B
$28.6B
Q2 25
$3.9B
$28.4B
Q1 25
$3.9B
$28.0B
Q4 24
$3.8B
$27.6B
Q3 24
$3.8B
$27.2B
Q2 24
$3.9B
$26.7B
Q1 24
$3.8B
$26.2B
Total Assets
CPB
CPB
ICE
ICE
Q4 25
$15.2B
$136.9B
Q3 25
$14.9B
$140.9B
Q2 25
$14.8B
$144.2B
Q1 25
$15.9B
$142.9B
Q4 24
$16.1B
$139.4B
Q3 24
$15.2B
$135.2B
Q2 24
$15.2B
$137.7B
Q1 24
$12.1B
$131.4B
Debt / Equity
CPB
CPB
ICE
ICE
Q4 25
1.54×
Q3 25
1.56×
Q2 25
1.58×
Q1 25
1.66×
Q4 24
1.75×
Q3 24
1.52×
Q2 24
1.47×
Q1 24
1.17×

Cash Flow & Capital Efficiency

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

Metric
CPB
CPB
ICE
ICE
Operating Cash FlowLast quarter
$224.0M
$1.3B
Free Cash FlowOCF − Capex
$97.0M
$1.1B
FCF MarginFCF / Revenue
3.6%
35.3%
Capex IntensityCapex / Revenue
4.7%
5.3%
Cash ConversionOCF / Net Profit
1.15×
1.50×
TTM Free Cash FlowTrailing 4 quarters
$687.0M
$4.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CPB
CPB
ICE
ICE
Q4 25
$224.0M
$1.3B
Q3 25
$259.0M
$915.0M
Q2 25
$135.0M
$1.5B
Q1 25
$512.0M
$966.0M
Q4 24
$225.0M
$1.5B
Q3 24
$288.0M
$898.0M
Q2 24
$213.0M
$1.2B
Q1 24
$510.0M
$1.0B
Free Cash Flow
CPB
CPB
ICE
ICE
Q4 25
$97.0M
$1.1B
Q3 25
$129.0M
$853.0M
Q2 25
$50.0M
$1.4B
Q1 25
$411.0M
$881.0M
Q4 24
$115.0M
$1.3B
Q3 24
$147.0M
$819.0M
Q2 24
$100.0M
$1.1B
Q1 24
$390.0M
$951.0M
FCF Margin
CPB
CPB
ICE
ICE
Q4 25
3.6%
35.3%
Q3 25
5.6%
28.4%
Q2 25
2.0%
44.3%
Q1 25
15.3%
27.3%
Q4 24
4.1%
43.3%
Q3 24
6.4%
27.0%
Q2 24
4.2%
38.7%
Q1 24
15.9%
34.0%
Capex Intensity
CPB
CPB
ICE
ICE
Q4 25
4.7%
5.3%
Q3 25
5.6%
2.1%
Q2 25
3.4%
1.8%
Q1 25
3.8%
2.6%
Q4 24
4.0%
6.4%
Q3 24
6.1%
2.6%
Q2 24
4.8%
2.6%
Q1 24
4.9%
2.1%
Cash Conversion
CPB
CPB
ICE
ICE
Q4 25
1.15×
1.50×
Q3 25
1.79×
1.12×
Q2 25
2.05×
1.77×
Q1 25
2.96×
1.21×
Q4 24
1.03×
2.16×
Q3 24
1.37×
Q2 24
1.60×
1.89×
Q1 24
2.51×
1.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CPB
CPB

Baked Snacks$995.0M37%
Snacks$914.0M34%
Simple Meals$580.0M22%
Beverages$168.0M6%

ICE
ICE

Other$1.9B60%
Fixed Income Data And Analytics$318.0M10%
Exchange Data$266.0M8%
Origination Technology$188.0M6%
Financial Futures And Options$155.0M5%
Listings$125.0M4%
OT Cand Other Transactions$97.0M3%
Closing Solutions$60.0M2%
Fixed Income Execution$29.0M1%
Product And Service Net Interest Income$26.0M1%

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