Conagra Brands (CAG) Tax Rate (2009 - 2026)
Conagra Brands' (CAG) quarterly Tax Rate came in at 32.34% in Q2 2026, up 1965.0% year-on-year from 1.57% in Q2 2025, and up 149.15% quarter-over-quarter from 12.98% in Q1 2026.
Conagra Brands (CAG) Tax Rate (2009 - 2026) Analysis & Trends
Conagra Brands' Tax Rate history runs 18 years deep, the most recent figure standing at 32.34% for Q2 2026.
- On a quarterly basis, Tax Rate rose 1965.0% year-over-year to 32.34% in Q2 2026; TTM through May 2026 was 21.0%, a 2068.0% increase from a year earlier, with the FY2026 full-year figure at 21.0%, up 2068.0% from the prior year.
- Tax Rate rose to 32.34% in Q2 2026 per CAG's latest filing, from 12.98% in the prior quarter.
- Across five years, Tax Rate topped out at 45.3% in Q2 2024 and bottomed at 42.35% in Q3 2024.
- The 5-year median for Tax Rate is 23.37% (2025), against an average of 16.37%.
- Across the five-year window, Tax Rate surged 12451 bps in 2022 and tumbled 6585 bps in 2024, its largest moves.
- Year by year, Tax Rate stood at 26.9% in 2022, then dropped by 2 bps to 26.45% in 2023, then plunged by 33 bps to 17.77% in 2024, then slumped by 107 bps to 1.27% in 2025, then soared by 2653 bps to 32.34% in 2026.
- Per Business Quant, the three latest CAG Tax Rate figures stand at 32.34% (Q2 2026), 12.98% (Q1 2026), and 1.27% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.29 Bn | 26.20 Bn | 2.22 Bn | 20.89 |
| 2 | General Mills | 19.35 Bn | 18.90 Bn | 1.60 Bn | 10.77 |
| 3 | Hormel Foods | 13.90 Bn | 13.04 Bn | 518.51 Mn | 23.63 |
| 4 | Mccormick | 13.45 Bn | 13.12 Bn | 778.20 Mn | 28.84 |
| 5 | Magnum Ice Cream | 10.95 Bn | 10.43 Bn | - | - |
| 6 | Smithfield Foods | 10.34 Bn | 8.95 Bn | 511.00 Mn | 22.29 |
| 7 | Darling Ingredients | 9.92 Bn | 9.80 Bn | 404.92 Mn | 21.99 |
| 8 | Oatly Group AB | 8.23 Bn | 8.23 Bn | 76.34 Mn | - |
| 9 | Conagra Brands | 7.07 Bn | 6.85 Bn | 704.10 Mn | 32.34 |
| 10 | Lamb Weston Holdings | 6.87 Bn | 6.81 Bn | 331.60 Mn | 37.13 |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 32.34% |
| May 31, 2026 | 32.34% |
| May 31, 2026 | 32.34% |
| Feb 22, 2026 | 12.98% |
| Feb 22, 2026 | 12.98% |
| Feb 22, 2026 | 12.98% |
| Nov 23, 2025 | -1.27% |
| Nov 23, 2025 | -1.27% |
| Nov 23, 2025 | -1.27% |
| Aug 24, 2025 | 43.10% |
| Aug 24, 2025 | 43.10% |
| Aug 24, 2025 | 43.10% |
| May 25, 2025 | 12.69% |
| May 25, 2025 | 12.69% |
| May 25, 2025 | 12.69% |
| Feb 23, 2025 | 23.23% |
| Feb 23, 2025 | 23.23% |
| Feb 23, 2025 | 23.23% |
| Nov 24, 2024 | 17.77% |
| Nov 24, 2024 | 17.77% |