Conagra Brands (CAG) Operating Margin (2009 - 2026)
Conagra Brands (CAG) recorded Operating Margin of 10.34% in fiscal Q1 2027 (quarter ended Aug 30, 2026), down 2.86 percentage points from 13.20% a year earlier but up 67.88 percentage points from the prior quarter.
Conagra Brands (CAG) Operating Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Conagra Brands' Operating Margin came in at -15.18% as of Aug 30, 2026, down 26.63 percentage points year-over-year; for FY2026 (ended May 31, 2026), it came in at -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).
- Quarterly Operating Margin has ranged from -57.54% in fiscal Q4 2026 to 27.40% in fiscal Q4 2023 over the past five years.
- On a year-over-year basis, Operating Margin rose in 1 of the last eight quarters, with an average year-over-year change of -14.37 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 -57.54% (Q4 2026), 10.05% (Q3 2026) and -20.06% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 146.11 Bn | 99.98 Bn | - | - |
| 2 | Mondelez International | 83.20 Bn | 76.52 Bn | 3.99 Bn | 20.80% |
| 3 | Hershey | 35.53 Bn | 31.77 Bn | 1.26 Bn | 23.06% |
| 4 | Kraft Heinz | 29.73 Bn | 16.26 Bn | 2.03 Bn | -102.70% |
| 5 | General Mills | 18.80 Bn | 16.46 Bn | 1.49 Bn | 14.43% |
| 6 | J M Smucker | 14.25 Bn | 14.03 Bn | 979.60 Mn | 23.05% |
| 7 | Mccormick | 13.11 Bn | 12.76 Bn | 794.90 Mn | 10.72% |
| 8 | Hormel Foods | 11.76 Bn | 8.44 Bn | 471.52 Mn | 3.75% |
| 9 | Chewy | 8.96 Bn | 6.25 Bn | 1.01 Bn | 2.76% |
| 10 | Conagra Brands | 7.19 Bn | 6.49 Bn | 618.70 Mn | 10.34% |
Historic Data
| Date | Value |
|---|---|
| Aug 30, 2026 | 10.34% |
| 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% |
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();