Conagra Brands (CAG) Gross Margin (2009 - 2026)
Conagra Brands (CAG) posted quarterly Gross Margin of 24.43% for Q2 2026, down 99.0% year-over-year from 2443.01% in Q2 2025, and up 3.55% quarter-over-quarter from 23.59% in Q1 2026.
Conagra Brands (CAG) Gross Margin (2009 - 2026) Analysis & Trends
Conagra Brands' Gross Margin history runs 18 years deep, the most recent figure standing at 24.43% for Q2 2026.
- In Q2 2026, Gross Margin fell 99.0% year-over-year to 24.43%; the TTM figure through May 2026 stood at 23.92% (down 195.0% YoY), while the FY2026 annual figure was 23.92%, down 195.0% from the prior year.
- Gross Margin for Q2 2026 stood at 24.43%, up from 23.59% in the prior quarter.
- The five-year high for Gross Margin was 28.34% in Q3 2023, with the low at 23.36% in Q4 2025.
- The 5-year median for Gross Margin is 25.89% (2023), against an average of 25.8%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 344 bps in 2022, then soared 354 bps in 2023.
- Conagra Brands' Gross Margin stood at 27.84% in 2022, then declined by 5 bps to 26.39% in 2023, then climbed by 0 bps to 26.5% in 2024, then fell by 12 bps to 23.36% in 2025, then increased by 5 bps to 24.43% in 2026.
- Business Quant data shows CAG's Gross Margin at 24.43% in Q2 2026, 23.59% in Q1 2026, and 23.36% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | 32.39% |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | 34.79% |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | 40.18% |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 10.79% |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 17.44% |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | 38.01% |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 29.20% |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | 12.92% |
| 10 | Conagra Brands | 7.80 Bn | 7.58 Bn | 704.10 Mn | 24.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 24.43% |
| Feb 22, 2026 | 23.59% |
| Nov 23, 2025 | 23.36% |
| Aug 24, 2025 | 24.33% |
| May 25, 2025 | 25.42% |
| Feb 23, 2025 | 25.00% |
| Nov 24, 2024 | 26.50% |
| Aug 25, 2024 | 26.45% |
| May 26, 2024 | 27.70% |
| Feb 25, 2024 | 28.32% |
| Nov 26, 2023 | 26.39% |
| Aug 27, 2023 | 28.34% |
| May 28, 2023 | 26.35% |
| Feb 26, 2023 | 27.18% |
| Nov 27, 2022 | 27.84% |
| Aug 28, 2022 | 24.80% |
| May 29, 2022 | 24.52% |
| Feb 27, 2022 | 23.93% |
| Nov 28, 2021 | 24.68% |
| Aug 29, 2021 | 25.38% |