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
DateValue
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%