Sovos Brands Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Sovos Brands Inc (SOVO) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Sovos Brands Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 1,019M vs 172,935M combined for tracked competitors (0.6% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+14.8% annualized vs trailing 12 months), vs accelerating (+11.5%) for its tracked peer group.
- Growth: Sovos Brands Inc generated 11.6% revenue growth year over year in Q4 2023, vs -2.1% for its tracked competitors combined.
- Profitability: Its 5.3% net margin compares with 6.8% for the peer group.
- Peer revenue share: Sovos Brands Inc accounted for 0.6% of combined revenue among its tracked peer group, up from 0.5% a year earlier.
- Peer differentiation: Revenue per employee of $1.02M compares with $0.42M for the peer group (2.4x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
SOVO Sales vs. its Competitors, Q4 2023
Sovos Brands Inc reported revenue growth of 11.60 % year on year in Q4 2023, above its competitors' combined revenue change of -2.06 %.
With a net margin of 5.30 %, Sovos Brands Inc reported lower profitability than its competitors (6.80 %).
Sovos Brands Inc generated 0.60 % of the combined sales of its peer group, up from 0.53 % a year earlier.
Sovos Brands Inc vs. its Competitors, Q4 2023
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Sovos Brands Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Sovos Brands Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Sovos Brands Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (7) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Sovos Brands Inc's competitor groups requires a Commercial License.
For context: the Food Processing industry grew revenue 11.0% year over year, combined, vs 11.6% for Sovos Brands Inc. Sovos Brands Inc's share of combined industry revenue moved from 0.25% to 0.25%, a gain of 0.00 percentage points.
Sovos Brands Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Sovos Brands Inc | Yes | Yes | Yes | No |
| Competitors combined (7) | ||||
| High-Confidence Competitors (7) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 25.00 % (2 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
SOVO Stock Performance relative to its Competitors
SOVO Stock Performance relative to High-Confidence Competitors
SOVO Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | The J M Smucker Company | 282.9% | Outperformed |
| 2 | Kraft Heinz Co | 282.9% | Outperformed |
| 3 | Pepsico Inc | 282.9% | Outperformed |
| 4 | Conagra Brands Inc | 282.9% | Outperformed |
| 5 | General Mills Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Sovos Brands Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Sovos Brands Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Sovos Brands Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Sovos Brands Inc | 2,370.24 | 1,019.49 |
| Pepsico Inc | 185,597.59 | 98,241.00 |
| Kraft Heinz Co | 29,412.80 | 24,900.00 |
| General Mills Inc | 18,498.38 | 18,296.60 |
| The J M Smucker Company | 13,884.88 | 9,157.10 |
| Conagra Brands Inc | 7,132.80 | 11,244.70 |
| SUBTOTAL | 263,129.29 | 173,954.67 |
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Sources: Sovos Brands Inc's official press releases and company reports; CSIMarket.com's market research; and the company reports and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Sovos Brands Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Sovos Brands Inc's Competitors Named by the Company
Competitive relationships identified from Sovos Brands Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| The Hain Celestial Group, Inc. | Company report | 85% |
| The Kraft Heinz Company | Company report | 85% |
| Conagra Brands, Inc. | Company report | 85% |
| General Mills, Inc. | Company report | 85% |
| PepsiCo, Inc. | Company report | 85% |
| Thomson Reuters Corporation | Company report | 85% |
| B&G Foods, Inc. | Company report | 85% |
| Chobani, LLC | Company report | 85% |
| G.L. Mezzetta, Inc. | Company report | 85% |
| Newman’s Own, Inc. | Company report | 85% |
| Campbell Soup Company | Company report | 85% |
| Danone S.A. | Company report | 85% |
| Mizkan Holdings | Company report | 85% |
| the J.M. Smucker Company | Company report | 85% |
| Barilla Holding S.p.A. | Company report | 85% |
| The Lactalis Group | Company report | 85% |
| Amy’s Kitchen | Company report | 85% |
| Carbone | Company report | 85% |
| Fage International S.A. | Company report | 85% |
| Nestle S.A. | Company report | 85% |
| the Kellogg Company | Company report | 85% |
| Van’s International Foods | Company report | 85% |
| Bob’s Red Mill Natural Foods, Inc. | Company report | 85% |
| Continental Mills, Inc. | Company report | 85% |
| Kodiak Cakes, LLC | Company report | 85% |
| The Campbells Company | Company report | 85% |
| The J M Smucker Company | Company report | 85% |
Company report basis, confidence, active dates and source counts for Sovos Brands Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from Sovos Brands Inc reports (named-competitor disclosures) and corroborating sources. Confidence reflects evidence strength.
Sovos Brands Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Pepsico Inc | PepsiCo Beverages North America 30.49 % |
| Kraft Heinz Co | North America 73.72 % |
| General Mills Inc | United States Meals and Baking Solutions Operating Unit 24.61 % |
| The J M Smucker Company | U.S. Retail Coffee 38.83 % |
| Conagra Brands Inc | Refrigerated And Frozen 40.59 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Sovos Brands Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Sovos Brands Inc | 2,370 | 1,019,486 | 30,174 |
| Pepsico Inc | 185,598 | 321,049 | 35,768 |
| Kraft Heinz Co | 29,413 | 711,429 | -97,143 |
| General Mills Inc | 18,498 | 609,887 | -29,703 |
| The J M Smucker Company | 13,885 | 1,308,157 | 32,786 |
| Conagra Brands Inc | 7,133 | 646,247 | -109,563 |
| PEERS TOTAL | 260,759 | 421,074 | 12,357 |
Sovos Brands Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| The J M Smucker Company | United States 94.68 % |
| The Hain Celestial Group Inc | US 45.82 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Sovos Brands Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Food Processing industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (89 companies). See the full Food Processing industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 29.96 % | 22.88 % (avg) | +7.1 pp |
| Operating Margin | 7.90 % | industry median | +3.6 pp |
| EBITDA Margin | 9.77 % | -0.09 % (avg) | +9.9 pp |
| Capital Intensity (Capex / Revenue) | 1.16 % | 5.22 % (avg) | -4.1 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Sovos Brands Inc's Valuation vs Competitive Position
Valuation multiples vs the Food Processing industry average (89 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Food Processing industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 76.8x | 27.0x | +49.8x |
| EV / EBITDA | 25.7x | 12.2x | +13.5x |
| P/B | 4.5x | 2.5x | +2.0x |
| Return on Equity | 5.95 % | industry aggregate | -3.87 % |
| Return on Invested Capital | 5.12 % | 2.73 % (avg) | 2.39 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Sovos Brands Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue Growth | - | 22.13 % | 16.07 % |
| Operating Margin | - | -4.38 % | 7.90 % |
| Return on Invested Capital | - | -2.47 % | 5.12 % |
| P/E | - | - | 76.8x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Sovos Brands Inc's Strategic Group Map
Every company in Sovos Brands Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Sovos Brands Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Sovos Brands Inc's trailing-12-month revenue growth of 16.1% and operating margin of 7.9% compares with an average of 15.6% growth and 7.4% margin across its 8 closest peers by combined growth, margin and ROIC -- Sovos Brands Inc sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Sovos Brands Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 1.16 % vs industry average 5.22 % (see Profitability & Cost Structure above) |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments. Supplier power and buyer power are not assessed here -- see Sovos Brands Inc's dedicated Suppliers and Customers pages for concentration data; threat of substitutes has no systematic data source in this system and is not estimated.
Sovos Brands Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Sovos Brands Inc falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Sovos Brands Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+14.8% annualized vs trailing 12 months).
Weaknesses
No rule matched.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Sovos Brands Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Sovos Brands Inc | 1.52 | 3.04 | 0.95 |
| Pepsico Inc | 0.30 | 0.91 | 2.38 |
| Kraft Heinz Co | 0.30 | 1.13 | 0.51 |
| General Mills Inc | 0.07 | 0.65 | 2.07 |
| The J M Smucker Company | - | 0.83 | 1.24 |
| Conagra Brands Inc | 0.05 | 0.89 | 1.07 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Sovos Brands Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Sovos Brands Inc | Q4 2023 | +11.6 % | - |
| Pepsico Inc | Q3 2026 | +5.6 % | +16.4 % |
| Kraft Heinz Co | Q2 2026 | -1.4 % | - |
| General Mills Inc | Q3 2026 | -2.8 % | -67.0 % |
| The J M Smucker Company | Q2 2026 | +5.0 % | - |
| Conagra Brands Inc | Q3 2026 | -1.4 % | +6.0 % |
| PEERS TOTAL | +2.2 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Sovos Brands Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Sovos Brands Inc | Q4 2023 | +10.1 % | +154.7 % |
| Pepsico Inc | Q3 2026 | +3.7 % | -7.7 % |
| Kraft Heinz Co | Q2 2026 | +1.6 % | +1.1 % |
| General Mills Inc | Q3 2026 | -2.8 % | -17.4 % |
| The J M Smucker Company | Q2 2026 | -24.3 % | +4.9 % |
| Conagra Brands Inc | Q3 2026 | -0.7 % | -15.7 % |
Sovos Brands Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Sovos Brands Inc | 2.54% | 2.83% | 5.95% |
| Pepsico Inc | 9.90% | 13.83% | 50.41% |
| Kraft Heinz Co | - | - | - |
| General Mills Inc | - | - | - |
| The J M Smucker Company | 1.36% | 1.58% | 3.92% |
| Conagra Brands Inc | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Sovos Brands Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Sovos Brands Inc | 80.32 | 2.32 |
| Pepsico Inc | 17.06 | 1.89 |
| Kraft Heinz Co | - | 1.18 |
| General Mills Inc | - | 1.01 |
| The J M Smucker Company | 60.57 | 1.52 |
| Conagra Brands Inc | - | 0.63 |
| PEERS AVERAGE | 51.54 | 1.51 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.