CAG vs. PEP: Conagra Brands vs. PepsiCo Stock Comparison

November 11, 2026

How do Conagra Brands (CAG) and PepsiCo (PEP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Conagra Brands (CAG) and PepsiCo (PEP) both fall under the Food, Beverage & Tobacco industry group, but CAG is classified in Food Products while PEP is classified in Beverages.

Company profile comparison for Conagra Brands (CAG) and PepsiCo (PEP)
Profile Item	CAG	PEP
Name	Conagra Brands Inc.	PepsiCo, Inc.
Country/Region	United States	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Food Products	Beverages
GICS Sub-Industry	Packaged Foods & Meats	Soft Drinks & Non-alcoholic Beverages
Market Capitalization	7.28 billion USD	192.61 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 17, 1980	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CAG

PEP

GSPC

Conagra Brands (CAG) vs. PepsiCo (PEP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Conagra Brands (CAG) and PepsiCo (PEP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Conagra Brands (CAG) and PepsiCo (PEP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Conagra Brands (CAG) and PepsiCo (PEP)
Metric	CAG	PEP
Total Return (1Y)	-4.61%	4.03%
Total Return (3Y, Annualized)	-13.13%	-1.40%
Total Return (5Y, Annualized)	-9.47%	0.55%

Risk Profile

Drawdown History

CAG

PEP

GSPC

Conagra Brands (CAG) vs. PepsiCo (PEP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Conagra Brands (CAG) and PepsiCo (PEP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Conagra Brands (CAG) reports a negative beta of -0.00, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. PepsiCo (PEP) has a non-negative beta of 0.30.

Risk profile metrics for Conagra Brands (CAG) and PepsiCo (PEP)
Metric	CAG	PEP
Volatility (1Y, Annualized)	32.65%	21.68%
Beta (5Y)	-0.00	0.30
Max Drawdown (5Y)	-62.52%	-30.32%
Avg. Volume (3M)	11.44M	8.86M

Risk-Adjusted Performance

Risk-Return Positioning

CAG and PEP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Conagra Brands (CAG) and PepsiCo (PEP)
Metric	CAG	PEP
Sharpe Ratio (1Y)	-0.27	-0.01
Sortino Ratio (1Y)	-0.40	-0.02

Profitability

ROE (TTM)

Conagra Brands (CAG) reports a negative ROE of -24.89%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile PepsiCo (PEP) reports 52.19%, ranking against industry peers normally.

CAG

Food, Beverage & Tobacco industry group

-24.89%

Max: 32.02%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%
CAG: -24.89%

PEP

Food, Beverage & Tobacco industry group

52.19%

PEP: 52.19%
Max: 32.02%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

Conagra Brands (CAG) vs. PepsiCo (PEP): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

Conagra Brands (CAG) reports a negative net margin of -16.95%, usually indicating a net loss over the period. Meanwhile PepsiCo (PEP) reports 11.09%, ranking against industry peers normally.

CAG

Food, Beverage & Tobacco industry group

-16.95%

Max: 24.83%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%
CAG: -16.95%

PEP

Food, Beverage & Tobacco industry group

11.09%

Max: 24.83%
Q3: 11.22%
PEP: 11.09%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

Conagra Brands (CAG) vs. PepsiCo (PEP): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Both Conagra Brands (CAG) at 11.59% and PepsiCo (PEP) at 16.88% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CAG

Food, Beverage & Tobacco industry group

11.59%

Max: 34.91%
Q3: 17.57%
CAG: 11.59%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

PEP

Food, Beverage & Tobacco industry group

16.88%

Max: 34.91%
Q3: 17.57%
PEP: 16.88%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

Conagra Brands (CAG) vs. PepsiCo (PEP): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for Conagra Brands (CAG) and PepsiCo (PEP)
Metric	CAG	PEP
ROE (TTM)	-24.89%	52.19%
ROA (TTM)	4.05%	9.02%
Net Margin (TTM)	-16.95%	11.09%
Operating Margin (TTM)	11.59%	16.88%
Gross Margin (TTM)	23.84%	54.33%

Growth

Revenue Growth

PepsiCo (PEP) at 2.25% is around its peer norm for revenue growth, while Conagra Brands (CAG) at -2.85% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Conagra Brands (CAG) vs. PepsiCo (PEP): A comparison of their Revenue Growth across different time periods.

EPS Growth

PepsiCo (PEP) at -13.67% is around its peer norm for EPS growth, while Conagra Brands (CAG) at -266.67% falls below its industry range, a notably weak earnings reading.

Conagra Brands (CAG) vs. PepsiCo (PEP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Conagra Brands (CAG) and PepsiCo (PEP)
Metric	CAG	PEP
Revenue Growth (YoY)	-2.85%	2.25%
Revenue Growth (3Y CAGR)	-2.78%	2.83%
EPS Growth (YoY)	-266.67%	-13.67%
EPS Growth (3Y CAGR)	--	-2.23%

Financial Strength

Current Ratio (MRQ)

Conagra Brands (CAG) at 1.10 keeps current ratio within its industry’s typical mid-range, while PepsiCo (PEP) at 0.94 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PEP.

CAG

Food, Beverage & Tobacco industry group

1.10

Max: 4.01
Q3: 2.35
Median: 1.53
CAG: 1.10
Q1: 1.02
Min: 0.33

PEP

Food, Beverage & Tobacco industry group

0.94

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
PEP: 0.94
Min: 0.33

Conagra Brands (CAG) vs. PepsiCo (PEP): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but PEP is more stretched: Conagra Brands (CAG) at 1.21 sits in the higher-leverage quartile and PepsiCo (PEP) at 2.31 is above its industry benchmark range.

CAG

Food, Beverage & Tobacco industry group

1.21

Max: 2.19
CAG: 1.21
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00

PEP

Food, Beverage & Tobacco industry group

2.31

PEP: 2.31
Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00

Conagra Brands (CAG) vs. PepsiCo (PEP): A comparison of their debt-to-equity ratio against the Food, Beverage & Tobacco industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Conagra Brands (CAG) and PepsiCo (PEP)
Metric	CAG	PEP
Current Ratio (MRQ)	1.10	0.94
Debt / Equity (MRQ)	1.21	2.31
Net Debt / EBITDA	4.46	2.12

Dividends

Dividend Yield (TTM)

Both Conagra Brands (CAG) at 7.90% and PepsiCo (PEP) at 4.07% offer top-quartile dividend income relative to share price within their industries.

CAG

Food, Beverage & Tobacco industry group

7.90%

Max: 9.38%
CAG: 7.90%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

PEP

Food, Beverage & Tobacco industry group

4.07%

Max: 9.38%
PEP: 4.07%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

Conagra Brands (CAG) vs. PepsiCo (PEP): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Both Conagra Brands (CAG) at 79.55% and PepsiCo (PEP) at 73.02% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CAG

Food, Beverage & Tobacco industry group

79.55%

Max: 199.19%
Q3: 81.03%
CAG: 79.55%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

PEP

Food, Beverage & Tobacco industry group

73.02%

Max: 199.19%
Q3: 81.03%
PEP: 73.02%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

Conagra Brands (CAG) vs. PepsiCo (PEP): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for Conagra Brands (CAG) and PepsiCo (PEP)
Metric	CAG	PEP
Dividend Yield (TTM)	7.90%	4.07%
Dividend Payout Ratio (TTM)	79.55%	73.02%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: PepsiCo (PEP) trades at 17.78 times trailing earnings, ranked against its peers, while Conagra Brands (CAG) has no P/E ratio this period.

CAG

Food, Beverage & Tobacco industry group

Max: 52.52
Q3: 30.78
Median: 18.76
Q1: 12.77
Min: 4.72
CAG: --

PEP

Food, Beverage & Tobacco industry group

17.78

Max: 52.52
Q3: 30.78
Median: 18.76
PEP: 17.78
Q1: 12.77
Min: 4.72

Conagra Brands (CAG) vs. PepsiCo (PEP): CAG does not report P/E ratio, so it has no value marker; PEP is benchmarked against the Food, Beverage & Tobacco industry group.

P/S Ratio (TTM)

On P/S ratio, both Conagra Brands (CAG) at 0.65 and PepsiCo (PEP) at 1.96 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CAG

Food, Beverage & Tobacco industry group

0.65

Max: 4.64
Q3: 2.27
Median: 1.17
CAG: 0.65
Q1: 0.52
Min: 0.00

PEP

Food, Beverage & Tobacco industry group

1.96

Max: 4.64
Q3: 2.27
PEP: 1.96
Median: 1.17
Q1: 0.52
Min: 0.00

Conagra Brands (CAG) vs. PepsiCo (PEP): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

Conagra Brands (CAG) at 1.14 sits near its industry’s typical P/B ratio, while PepsiCo (PEP) at 8.65 prices above its benchmark range — PEP looks rich relative to book.

CAG

Food, Beverage & Tobacco industry group

1.14

Max: 6.35
Q3: 3.07
Median: 1.58
CAG: 1.14
Q1: 0.82
Min: 0.00

PEP

Food, Beverage & Tobacco industry group

8.65

PEP: 8.65
Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

Conagra Brands (CAG) vs. PepsiCo (PEP): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for Conagra Brands (CAG) and PepsiCo (PEP)
Metric	CAG	PEP
P/E Ratio (TTM)	--	17.78
P/S Ratio (TTM)	0.65	1.96
P/B Ratio (MRQ)	1.14	8.65
Free Cash Flow Yield (TTM)	5.77%	4.70%