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Side-by-side financial comparison of Campbell's Company (The) (CPB) and Nasdaq, Inc. (NDAQ). Click either name above to swap in a different company.

Campbell's Company (The) is the larger business by last-quarter revenue ($2.7B vs $2.1B, roughly 1.3× Nasdaq, Inc.). Nasdaq, Inc. runs the higher net margin — 24.3% vs 7.2%, a 17.0% gap on every dollar of revenue. On growth, Nasdaq, Inc. posted the faster year-over-year revenue change (2.0% vs -3.4%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% 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.

Nasdaq Stock Market is an American stock exchange, the second-largest by market cap on the list of stock exchanges, and the first fully electronic stock market. The exchange is based in Manhattan, New York City, and is among the most active stock trading venue by volume in the United States.

CPB vs NDAQ — Head-to-Head

Bigger by revenue
CPB
CPB
1.3× larger
CPB
$2.7B
$2.1B
NDAQ
Growing faster (revenue YoY)
NDAQ
NDAQ
+5.4% gap
NDAQ
2.0%
-3.4%
CPB
Higher net margin
NDAQ
NDAQ
17.0% more per $
NDAQ
24.3%
7.2%
CPB
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
4.4%
CPB

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CPB
CPB
NDAQ
NDAQ
Revenue
$2.7B
$2.1B
Net Profit
$194.0M
$519.0M
Gross Margin
29.6%
Operating Margin
12.6%
30.7%
Net Margin
7.2%
24.3%
Revenue YoY
-3.4%
2.0%
Net Profit YoY
-11.0%
31.4%
EPS (diluted)
$0.65
$0.91

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
NDAQ
NDAQ
Q1 26
$2.1B
Q4 25
$2.7B
$2.1B
Q3 25
$2.3B
$2.0B
Q2 25
$2.5B
$2.1B
Q1 25
$2.7B
$2.1B
Q4 24
$2.8B
$2.0B
Q3 24
$2.3B
$1.9B
Q2 24
$2.4B
$1.8B
Net Profit
CPB
CPB
NDAQ
NDAQ
Q1 26
$519.0M
Q4 25
$194.0M
$518.0M
Q3 25
$145.0M
$423.0M
Q2 25
$66.0M
$452.0M
Q1 25
$173.0M
$395.0M
Q4 24
$218.0M
$355.0M
Q3 24
$-3.0M
$306.0M
Q2 24
$133.0M
$222.0M
Gross Margin
CPB
CPB
NDAQ
NDAQ
Q1 26
Q4 25
29.6%
65.5%
Q3 25
30.4%
67.2%
Q2 25
29.4%
62.5%
Q1 25
30.5%
59.2%
Q4 24
31.3%
60.4%
Q3 24
29.4%
60.3%
Q2 24
30.9%
64.7%
Operating Margin
CPB
CPB
NDAQ
NDAQ
Q1 26
30.7%
Q4 25
12.6%
29.7%
Q3 25
11.6%
29.9%
Q2 25
6.5%
27.2%
Q1 25
12.2%
26.2%
Q4 24
13.2%
25.4%
Q3 24
3.4%
23.6%
Q2 24
10.5%
23.6%
Net Margin
CPB
CPB
NDAQ
NDAQ
Q1 26
24.3%
Q4 25
7.2%
24.4%
Q3 25
6.2%
21.6%
Q2 25
2.7%
21.6%
Q1 25
6.4%
18.9%
Q4 24
7.9%
17.5%
Q3 24
-0.1%
16.1%
Q2 24
5.6%
12.4%
EPS (diluted)
CPB
CPB
NDAQ
NDAQ
Q1 26
$0.91
Q4 25
$0.65
$0.90
Q3 25
$0.49
$0.73
Q2 25
$0.22
$0.78
Q1 25
$0.58
$0.68
Q4 24
$0.72
$0.62
Q3 24
$-0.01
$0.53
Q2 24
$0.44
$0.38

Balance Sheet & Financial Strength

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

Metric
CPB
CPB
NDAQ
NDAQ
Cash + ST InvestmentsLiquidity on hand
$168.0M
$515.0M
Total DebtLower is stronger
$6.1B
$9.0B
Stockholders' EquityBook value
$4.0B
$12.0B
Total Assets
$15.2B
$27.3B
Debt / EquityLower = less leverage
1.54×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CPB
CPB
NDAQ
NDAQ
Q1 26
$515.0M
Q4 25
$168.0M
$604.0M
Q3 25
$132.0M
$470.0M
Q2 25
$143.0M
$732.0M
Q1 25
$829.0M
$690.0M
Q4 24
$808.0M
$592.0M
Q3 24
$108.0M
$266.0M
Q2 24
$107.0M
$416.0M
Total Debt
CPB
CPB
NDAQ
NDAQ
Q1 26
$9.0B
Q4 25
$6.1B
$8.6B
Q3 25
$6.1B
$8.7B
Q2 25
$6.1B
$8.7B
Q1 25
$6.5B
$8.9B
Q4 24
$6.7B
$9.1B
Q3 24
$5.8B
$9.4B
Q2 24
$5.8B
$9.2B
Stockholders' Equity
CPB
CPB
NDAQ
NDAQ
Q1 26
$12.0B
Q4 25
$4.0B
$12.2B
Q3 25
$3.9B
$12.0B
Q2 25
$3.9B
$11.8B
Q1 25
$3.9B
$11.5B
Q4 24
$3.8B
$11.2B
Q3 24
$3.8B
$11.1B
Q2 24
$3.9B
$10.9B
Total Assets
CPB
CPB
NDAQ
NDAQ
Q1 26
$27.3B
Q4 25
$15.2B
$31.1B
Q3 25
$14.9B
$30.7B
Q2 25
$14.8B
$30.4B
Q1 25
$15.9B
$30.6B
Q4 24
$16.1B
$30.4B
Q3 24
$15.2B
$30.6B
Q2 24
$15.2B
$30.2B
Debt / Equity
CPB
CPB
NDAQ
NDAQ
Q1 26
0.74×
Q4 25
1.54×
0.70×
Q3 25
1.56×
0.72×
Q2 25
1.58×
0.73×
Q1 25
1.66×
0.77×
Q4 24
1.75×
0.81×
Q3 24
1.52×
0.85×
Q2 24
1.47×
0.85×

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
NDAQ
NDAQ
Operating Cash FlowLast quarter
$224.0M
Free Cash FlowOCF − Capex
$97.0M
FCF MarginFCF / Revenue
3.6%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
1.15×
TTM Free Cash FlowTrailing 4 quarters
$687.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CPB
CPB
NDAQ
NDAQ
Q1 26
Q4 25
$224.0M
$625.0M
Q3 25
$259.0M
$221.0M
Q2 25
$135.0M
$746.0M
Q1 25
$512.0M
$663.0M
Q4 24
$225.0M
$705.0M
Q3 24
$288.0M
$244.0M
Q2 24
$213.0M
$460.0M
Free Cash Flow
CPB
CPB
NDAQ
NDAQ
Q1 26
Q4 25
$97.0M
$536.0M
Q3 25
$129.0M
$152.0M
Q2 25
$50.0M
$687.0M
Q1 25
$411.0M
$614.0M
Q4 24
$115.0M
$645.0M
Q3 24
$147.0M
$188.0M
Q2 24
$100.0M
$408.0M
FCF Margin
CPB
CPB
NDAQ
NDAQ
Q1 26
Q4 25
3.6%
25.2%
Q3 25
5.6%
7.8%
Q2 25
2.0%
32.9%
Q1 25
15.3%
29.4%
Q4 24
4.1%
31.7%
Q3 24
6.4%
9.9%
Q2 24
4.2%
22.8%
Capex Intensity
CPB
CPB
NDAQ
NDAQ
Q1 26
Q4 25
4.7%
4.2%
Q3 25
5.6%
3.5%
Q2 25
3.4%
2.8%
Q1 25
3.8%
2.3%
Q4 24
4.0%
3.0%
Q3 24
6.1%
2.9%
Q2 24
4.8%
2.9%
Cash Conversion
CPB
CPB
NDAQ
NDAQ
Q1 26
Q4 25
1.15×
1.21×
Q3 25
1.79×
0.52×
Q2 25
2.05×
1.65×
Q1 25
2.96×
1.68×
Q4 24
1.03×
1.99×
Q3 24
0.80×
Q2 24
1.60×
2.07×

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%

NDAQ
NDAQ

Market Services$1.0B49%
Capital Access Platforms$565.0M26%
Financial Technology$517.0M24%
Other Revenues$8.0M0%

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