CONAGRA BRANDS INC.

Food and Kindred Products·CHICAGO, IL·FY end 05/31·CIK 23217

CEO Pay Ratio

316:1

Sean Connolly

CEO Total Comp

$18.7M

Sean Connolly

Median Employee

$59,177

Revenue

$11.6B

FY 2025

Net Income

$1.2B

FY 2025

Free Cash Flow

$1.3B

FY 2025

Net Margin

9.9%

Insider Net (180d)

$1.2M

4 buys / 0 sales

CEO Pay Accountability

CEO comp as % of net income

2.74%

For every $1,000 of profit, $27.38 flows to the CEO.

CEO comp as % of buybacks

12.48%

CEO comp equals 124.8‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$11.6B	$12.1B	$12.3B	$11.5B	$11.2B
Gross Profit	$3.0B	—	—	—	—	—
Operating Income	$1.4B	$1.2B	$1.5B	$1.6B	$2.1B
Net Income	$1.2B	$347.2M	$683.6M	$888.2M	$1.3B
Operating CF	$1.7B	$2.0B	$995.4M	$1.2B	$1.5B
Capex	$389.3M	$388.1M	$362.2M	$464.4M	$506.4M
Free Cash Flow	$1.3B	$1.6B	$633.2M	$712.9M	$961.7M
Buybacks	$64.0M	—	$150.0M	$50.0M	$298.1M
Dividends	—	—	—	—	—	—

Gross Margin	25.9%	—	—	—	—	—
Operating Margin	11.8%	9.8%	11.9%	13.8%	19.1%
Net Margin	9.9%	2.9%	5.6%	7.7%	11.6%
FCF Margin	11.2%	13.5%	5.2%	6.2%	8.6%
R&D / Revenue	0.5%	0.5%	0.5%	0.5%	0.5%
Effective Tax	0.3%	43.0%	24.2%	24.6%	13.0%
Debt / Equity	1.51	1.78	1.79	1.92	1.94
Buybacks / FCF	4.9%	—	23.7%	7.0%	31.0%

FY 2023

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Sean ConnollyPresident and Chief Executive Officer	$1.3M	$14.4M	—	$2.5M	$487.0K	$18.7M
David MarbergerExecutive Vice President and Chief Financial Officer	$760.6K	$3.7M	—	$893.1K	$137.9K	$5.4M
Thomas McGoughExecutive Vice President and Co-Chief Operating Officer	$771.2K	$3.7M	—	$787.3K	$135.5K	$5.4M
Darren SerraoExecutive Vice President and Co-Chief Operating Officer	$631.2K	$2.8M	—	$580.0K	$104.4K	$4.1M
Charisse BrockExecutive Vice President and Chief Human Resources Officer	$502.3K	$1.8M	—	$410.3K	$74.7K	$2.8M