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
DateValue
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%