Conagra Brands (CAG) Operating Margin (2009 - 2026)
Conagra Brands (CAG) recorded Operating Margin of -57.54% in fiscal Q4 2026 (quarter ended May 31, 2026), down 69.08 percentage points from 11.54% a year earlier and down 67.59 percentage points from the prior quarter.
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Analysis
Conagra Brands (CAG) Operating Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Conagra Brands reported Operating Margin of -14.43%, down 26.18 percentage points from FY2025.
- Annual Operating Margin has a five-year change of -33.58 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Operating Margin came in at 11.75% in FY2025 (+4.67 pp), 7.08% in FY2024 (-1.68 pp), 8.76% in FY2023 (-2.91 pp) and 11.67% in FY2022 (-7.47 pp).
- The fiscal Q4 2026 figure is the lowest quarterly Operating Margin in data going back to fiscal Q3 2009.
- On a year-over-year basis, Operating Margin rose in 1 of the last eight quarters, with an average year-over-year change of -14.32 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 20.04 percentage points in fiscal Q4 2023, against a drop of 69.08 percentage points in fiscal Q4 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 10.05% (Q3 2026), -20.06% (Q2 2026) and 13.20% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 136.33 Bn | 111.70 Bn | - | - |
| 2 | Mondelez International | 76.81 Bn | 70.13 Bn | 3.99 Bn | 20.80% |
| 3 | Hershey | 33.25 Bn | 29.49 Bn | 1.26 Bn | 23.06% |
| 4 | Kraft Heinz | 27.93 Bn | 14.46 Bn | 2.03 Bn | -102.70% |
| 5 | General Mills | 17.97 Bn | 15.62 Bn | 1.49 Bn | 14.43% |
| 6 | Mccormick | 13.05 Bn | 12.93 Bn | 778.20 Mn | 14.27% |
| 7 | J M Smucker | 12.89 Bn | 12.67 Bn | 979.60 Mn | 23.05% |
| 8 | Hormel Foods | 10.99 Bn | 7.67 Bn | 471.52 Mn | 3.75% |
| 9 | Chewy | 7.48 Bn | 4.77 Bn | 1.01 Bn | 2.76% |
| 10 | Conagra Brands | 6.78 Bn | 5.76 Bn | 704.10 Mn | -57.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | -57.54% |
| Feb 22, 2026 | 10.05% |
| Nov 23, 2025 | -20.06% |
| Aug 24, 2025 | 13.20% |
| May 25, 2025 | 11.54% |
| Feb 23, 2025 | 8.43% |
| Nov 24, 2024 | 12.60% |
| Aug 25, 2024 | 14.37% |
| May 26, 2024 | 13.86% |
| Feb 25, 2024 | 15.54% |
| Nov 26, 2023 | 13.98% |
| Aug 27, 2023 | 16.84% |
| May 28, 2023 | 27.40% |
| Feb 26, 2023 | 15.88% |
| Nov 27, 2022 | 16.59% |
| Aug 28, 2022 | -0.73% |
| May 29, 2022 | 7.36% |
| Feb 27, 2022 | 14.56% |
| Nov 28, 2021 | 15.31% |
| Aug 29, 2021 | 16.13% |
API Access
Conagra Brands Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=CAG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CAG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=CAG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();