Conagra Brands (CAG) Gross Margin (2009 - 2026)
Conagra Brands (CAG) posted Gross Margin of 24.43% for Q2 2026, up 3.55% on a QoQ basis from 23.59% in Q1 2026, and down 99.0% year-over-year from 2443.01% in Q2 2025.
Analysis
Conagra Brands (CAG) Gross Margin (2009 - 2026) Analysis & Trends
Conagra Brands has reported Gross Margin for 18 years, with the latest figure at 24.43% in 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 was 24.43% for Q2 2026 at Conagra Brands, 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.
- Average Gross Margin over 5 years is 25.8%, with a median of 25.89% recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 344 bps in 2022, then surged 354 bps in 2023.
- Over 5 years, Gross Margin stood at 27.84% in 2022, then retreated by 5 bps to 26.39% in 2023, then increased by 0 bps to 26.5% in 2024, then decreased by 12 bps to 23.36% in 2025, then gained by 5 bps to 24.43% in 2026.
- The last three Gross Margin figures came in at 24.43% (Q2 2026), 23.59% (Q1 2026), and 23.36% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 29.22 Bn | 26.54 Bn | 2.03 Bn | 32.39% |
| 2 | General Mills | 19.94 Bn | 19.49 Bn | 1.60 Bn | 34.79% |
| 3 | Mccormick | 13.84 Bn | 13.51 Bn | 778.20 Mn | 40.18% |
| 4 | J M Smucker | 13.17 Bn | 13.13 Bn | 979.60 Mn | 44.14% |
| 5 | Hormel Foods | 11.54 Bn | 10.67 Bn | 471.52 Mn | 15.92% |
| 6 | Chewy | 8.46 Bn | 7.94 Bn | 1.01 Bn | 30.13% |
| 7 | Conagra Brands | 7.25 Bn | 7.03 Bn | 704.10 Mn | 24.43% |
| 8 | Lamb Weston Holdings | 6.67 Bn | 6.60 Bn | 361.40 Mn | 20.42% |
| 9 | Campbell'S | 6.51 Bn | 6.10 Bn | 650.00 Mn | 27.47% |
| 10 | Post Holdings | 3.66 Bn | 3.39 Bn | 566.30 Mn | 29.07% |
Historic Data
Download Data
Historic 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% |