Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Campbell’s Co
Physical assets are 28.6% of total assets, a light footprint. Capex is 0.87x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by 0.70x, which is below 1.
Fixed-asset turnover is 3.40x. Compare it with other names in the same basket.
Physical asset ratio
28.6%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
3.40x
Revenue per dollar of the physical asset base.
Capex / D&A
0.87x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$17.88
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price $19.84.
Fixed-charge coverage
0.70x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
11.5%
Latest free cash flow divided by current market cap ($5.92B).
ROIC
6.2%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.30x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 25.5% | 3.26x | 0.86x | -$20.93 | 0.61x | $1.01B | 8.5% | 0.43x |
| 2020 | 28.2% | 3.31x | 0.91x | -$15.68 | 0.74x | $1.10B | 12.5% | 0.49x |
| 2021 | 28.1% | 3.58x | 0.87x | -$13.33 | 6.43x | $760.00M | 11.7% | 0.54x |
| 2022 | 32.2% | 3.32x | 0.72x | -$12.73 | 1.27x | $939.00M | 10.8% | 0.44x |
| 2023 | 32.9% | 3.50x | 0.96x | -$11.44 | 3.64x | $773.00M | 12.2% | 0.49x |
| 2024 | 29.0% | 3.18x | 1.26x | -$19.99 | 0.55x | $668.00M | 8.2% | 0.40x |
| 2025 | 30.3% | 3.31x | 0.98x | -$18.14 | 1.07x | $705.00M | 9.3% | 0.44x |
| 2026 | 28.6% | 3.40x | 0.87x | -$17.88 | 0.70x | $678.00M | 6.2% | 0.30x |
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2026)
Net PP&E: $2.87B
Inventory: $1.61B
Total assets: $15.65B
Goodwill: $5.32B
Intangibles: $4.20B
Liabilities: $11.49B
Tangible book: -$5.36B
Shares: 300,000,000
Revenue: $9.74B
Capex: $361.00M
D&A: $413.00M
EBITDA: $1.27B
Interest: $331.00M
Short-term debt: $977.00M
Free cash flow: $678.00M
Operating income: $852.00M
Invested capital: $10.59B
Tax rate: 23.4%