Conagra Brands (CAG) Gross Margin (2009 - 2026)
Conagra Brands' (CAG) quarterly Gross Margin came in at 24.43% in Q2 2026, down 99.0% year-on-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.
- On a quarterly basis, Gross Margin fell 99.0% year-over-year to 24.43% in Q2 2026; TTM through May 2026 was 23.92%, a 195.0% decrease from a year earlier, with the FY2026 full-year figure at 23.92%, down 195.0% from the prior year.
- Gross Margin rose to 24.43% in Q2 2026 per CAG's latest filing, from 23.59% in the prior quarter.
- Across five years, Gross Margin topped out at 28.34% in Q3 2023 and bottomed at 23.36% in Q4 2025.
- The 5-year median for Gross Margin is 25.89% (2023), against an average of 25.8%.
- Across the five-year window, Gross Margin tumbled 344 bps in 2022 and soared 354 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 27.84% in 2022, then fell by 5 bps to 26.39% in 2023, then grew by 0 bps to 26.5% in 2024, then retreated by 12 bps to 23.36% in 2025, then rose by 5 bps to 24.43% in 2026.
- Per Business Quant, the three latest CAG Gross Margin figures stand at 24.43% (Q2 2026), 23.59% (Q1 2026), and 23.36% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.29 Bn | 26.20 Bn | 2.22 Bn | 36.70% |
| 2 | General Mills | 19.35 Bn | 18.90 Bn | 1.60 Bn | 34.79% |
| 3 | Hormel Foods | 13.90 Bn | 13.04 Bn | 518.51 Mn | 17.44% |
| 4 | Mccormick | 13.45 Bn | 13.12 Bn | 778.20 Mn | 40.18% |
| 5 | Magnum Ice Cream | 10.95 Bn | 10.43 Bn | - | - |
| 6 | Smithfield Foods | 10.34 Bn | 8.95 Bn | 511.00 Mn | 13.45% |
| 7 | Darling Ingredients | 9.92 Bn | 9.80 Bn | 404.92 Mn | 26.11% |
| 8 | Oatly Group AB | 8.23 Bn | 8.23 Bn | 76.34 Mn | 33.43% |
| 9 | Conagra Brands | 7.07 Bn | 6.85 Bn | 704.10 Mn | 24.43% |
| 10 | Lamb Weston Holdings | 6.87 Bn | 6.81 Bn | 331.60 Mn | 21.19% |
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% |