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Side-by-side financial comparison of Campbell's Company (The) (CPB) and Illinois Tool Works (ITW). Click either name above to swap in a different company.
Illinois Tool Works is the larger business by last-quarter revenue ($4.1B vs $2.7B, roughly 1.5× Campbell's Company (The)). Illinois Tool Works runs the higher net margin — 19.3% vs 7.2%, a 12.1% gap on every dollar of revenue. On growth, Illinois Tool Works posted the faster year-over-year revenue change (4.1% vs -3.4%). Illinois Tool Works produced more free cash flow last quarter ($858.0M vs $97.0M). Over the past eight quarters, Campbell's Company (The)'s revenue compounded faster (4.4% CAGR vs 1.5%).
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.
Illinois Tool Works Inc. (ITW) is an American Fortune 500 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It was founded in 1912 by Byron L. Smith and has built its growth on a "small-wins strategy" based on decentralization, simplicity, customer-focused innovation, and acquisitions.
CPB vs ITW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $4.1B |
| Net Profit | $194.0M | $790.0M |
| Gross Margin | 29.6% | 53.0% |
| Operating Margin | 12.6% | 26.5% |
| Net Margin | 7.2% | 19.3% |
| Revenue YoY | -3.4% | 4.1% |
| Net Profit YoY | -11.0% | 5.3% |
| EPS (diluted) | $0.65 | $2.72 |
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.
| Q4 25 | $2.7B | $4.1B | ||
| Q3 25 | $2.3B | $4.1B | ||
| Q2 25 | $2.5B | $4.1B | ||
| Q1 25 | $2.7B | $3.8B | ||
| Q4 24 | $2.8B | $3.9B | ||
| Q3 24 | $2.3B | $4.0B | ||
| Q2 24 | $2.4B | $4.0B | ||
| Q1 24 | $2.5B | $4.0B |
| Q4 25 | $194.0M | $790.0M | ||
| Q3 25 | $145.0M | $821.0M | ||
| Q2 25 | $66.0M | $755.0M | ||
| Q1 25 | $173.0M | $700.0M | ||
| Q4 24 | $218.0M | $750.0M | ||
| Q3 24 | $-3.0M | $1.2B | ||
| Q2 24 | $133.0M | $759.0M | ||
| Q1 24 | $203.0M | $819.0M |
| Q4 25 | 29.6% | 53.0% | ||
| Q3 25 | 30.4% | 53.2% | ||
| Q2 25 | 29.4% | 52.8% | ||
| Q1 25 | 30.5% | 52.6% | ||
| Q4 24 | 31.3% | 52.1% | ||
| Q3 24 | 29.4% | 52.5% | ||
| Q2 24 | 30.9% | 52.3% | ||
| Q1 24 | 31.6% | 51.7% |
| Q4 25 | 12.6% | 26.5% | ||
| Q3 25 | 11.6% | 27.4% | ||
| Q2 25 | 6.5% | 26.4% | ||
| Q1 25 | 12.2% | 24.8% | ||
| Q4 24 | 13.2% | 26.2% | ||
| Q3 24 | 3.4% | 26.5% | ||
| Q2 24 | 10.5% | 26.2% | ||
| Q1 24 | 12.9% | 28.4% |
| Q4 25 | 7.2% | 19.3% | ||
| Q3 25 | 6.2% | 20.2% | ||
| Q2 25 | 2.7% | 18.6% | ||
| Q1 25 | 6.4% | 18.2% | ||
| Q4 24 | 7.9% | 19.1% | ||
| Q3 24 | -0.1% | 29.2% | ||
| Q2 24 | 5.6% | 18.8% | ||
| Q1 24 | 8.3% | 20.6% |
| Q4 25 | $0.65 | $2.72 | ||
| Q3 25 | $0.49 | $2.81 | ||
| Q2 25 | $0.22 | $2.58 | ||
| Q1 25 | $0.58 | $2.38 | ||
| Q4 24 | $0.72 | $2.53 | ||
| Q3 24 | $-0.01 | $3.91 | ||
| Q2 24 | $0.44 | $2.54 | ||
| Q1 24 | $0.68 | $2.73 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $168.0M | $851.0M |
| Total DebtLower is stronger | $6.1B | $7.7B |
| Stockholders' EquityBook value | $4.0B | $3.2B |
| Total Assets | $15.2B | $16.1B |
| Debt / EquityLower = less leverage | 1.54× | 2.38× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $168.0M | $851.0M | ||
| Q3 25 | $132.0M | $924.0M | ||
| Q2 25 | $143.0M | $788.0M | ||
| Q1 25 | $829.0M | $873.0M | ||
| Q4 24 | $808.0M | $948.0M | ||
| Q3 24 | $108.0M | $947.0M | ||
| Q2 24 | $107.0M | $862.0M | ||
| Q1 24 | $169.0M | $959.0M |
| Q4 25 | $6.1B | $7.7B | ||
| Q3 25 | $6.1B | — | ||
| Q2 25 | $6.1B | — | ||
| Q1 25 | $6.5B | — | ||
| Q4 24 | $6.7B | $7.1B | ||
| Q3 24 | $5.8B | — | ||
| Q2 24 | $5.8B | — | ||
| Q1 24 | $4.5B | — |
| Q4 25 | $4.0B | $3.2B | ||
| Q3 25 | $3.9B | $3.2B | ||
| Q2 25 | $3.9B | $3.2B | ||
| Q1 25 | $3.9B | $3.2B | ||
| Q4 24 | $3.8B | $3.3B | ||
| Q3 24 | $3.8B | $3.4B | ||
| Q2 24 | $3.9B | $3.0B | ||
| Q1 24 | $3.8B | $3.0B |
| Q4 25 | $15.2B | $16.1B | ||
| Q3 25 | $14.9B | $16.1B | ||
| Q2 25 | $14.8B | $16.0B | ||
| Q1 25 | $15.9B | $15.5B | ||
| Q4 24 | $16.1B | $15.1B | ||
| Q3 24 | $15.2B | $15.8B | ||
| Q2 24 | $15.2B | $15.6B | ||
| Q1 24 | $12.1B | $15.1B |
| Q4 25 | 1.54× | 2.38× | ||
| Q3 25 | 1.56× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.66× | — | ||
| Q4 24 | 1.75× | 2.14× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $224.0M | $963.0M |
| Free Cash FlowOCF − Capex | $97.0M | $858.0M |
| FCF MarginFCF / Revenue | 3.6% | 21.0% |
| Capex IntensityCapex / Revenue | 4.7% | 2.6% |
| Cash ConversionOCF / Net Profit | 1.15× | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $687.0M | $2.7B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $224.0M | $963.0M | ||
| Q3 25 | $259.0M | $1.0B | ||
| Q2 25 | $135.0M | $550.0M | ||
| Q1 25 | $512.0M | $592.0M | ||
| Q4 24 | $225.0M | $1.1B | ||
| Q3 24 | $288.0M | $891.0M | ||
| Q2 24 | $213.0M | $687.0M | ||
| Q1 24 | $510.0M | $589.0M |
| Q4 25 | $97.0M | $858.0M | ||
| Q3 25 | $129.0M | $904.0M | ||
| Q2 25 | $50.0M | $449.0M | ||
| Q1 25 | $411.0M | $496.0M | ||
| Q4 24 | $115.0M | $996.0M | ||
| Q3 24 | $147.0M | $783.0M | ||
| Q2 24 | $100.0M | $571.0M | ||
| Q1 24 | $390.0M | $494.0M |
| Q4 25 | 3.6% | 21.0% | ||
| Q3 25 | 5.6% | 22.3% | ||
| Q2 25 | 2.0% | 11.1% | ||
| Q1 25 | 15.3% | 12.9% | ||
| Q4 24 | 4.1% | 25.3% | ||
| Q3 24 | 6.4% | 19.7% | ||
| Q2 24 | 4.2% | 14.2% | ||
| Q1 24 | 15.9% | 12.4% |
| Q4 25 | 4.7% | 2.6% | ||
| Q3 25 | 5.6% | 2.9% | ||
| Q2 25 | 3.4% | 2.5% | ||
| Q1 25 | 3.8% | 2.5% | ||
| Q4 24 | 4.0% | 3.0% | ||
| Q3 24 | 6.1% | 2.7% | ||
| Q2 24 | 4.8% | 2.9% | ||
| Q1 24 | 4.9% | 2.4% |
| Q4 25 | 1.15× | 1.22× | ||
| Q3 25 | 1.79× | 1.24× | ||
| Q2 25 | 2.05× | 0.73× | ||
| Q1 25 | 2.96× | 0.85× | ||
| Q4 24 | 1.03× | 1.49× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | 1.60× | 0.91× | ||
| Q1 24 | 2.51× | 0.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CPB
| Baked Snacks | $995.0M | 37% |
| Snacks | $914.0M | 34% |
| Simple Meals | $580.0M | 22% |
| Beverages | $168.0M | 6% |
ITW
Segment breakdown not available.
