Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Over the five-year span 2021–2025 Conagra’s total assets moved from $22,195.6m in 2021 to $20,933.9m in 2025, a net decline of about $1,261.7m (‑5.7%). Assets peaked in 2022 at $22,435.1m, then fell through 2024 to $20,862.3m before a small recovery in 2025. Total liabilities fell more materially, from $13,564.2m in 2021 to $12,001.2m in 2025 (‑$1,563.0m, or ‑11.5%), declining steadily after 2022. Stockholders’ equity edged up overall from $8,551.8m to $8,932.7m (+$380.9m, +4.5%), with a dip to $8,440.4m in 2024 followed by a notable rebound in 2025. The balance-sheet picture is one of modest deleveraging and slightly improved capitalization: the liability-to-asset ratio fell from ~61% in 2021 to ~57% in 2025, indicating reduced leverage and improved solvency. The steady drop in liabilities suggests debt repayment or liability management, while the fall in assets (particularly 2022–2024) could reflect working-capital normalization, asset sales, or reduced inventories after pandemic-related buildups. The equity rebound in 2025 implies stronger retained earnings or lower share‑based/treasury reductions that year. In a consumer packaged goods context, these trends are consistent with industry moves to optimize balance sheets post‑pandemic; key items to monitor going forward are the drivers of the 2025 equity increase, the composition of asset reductions (inventory vs. fixed assets), and any continued debt-paydown or share‑repurchase programs.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.