Campbell'S (CPB) Gross Margin (2009 - 2026)
Campbell'S's Gross Margin was 27.28% in fiscal Q4 2026 (quarter ended Aug 2, 2026), down 3.09 percentage points from 30.37% a year earlier and down 0.19 percentage points from the prior quarter.
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Analysis
Campbell'S (CPB) Gross Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended Aug 2, 2026), Gross Margin at Campbell'S came in at 28.14%, down 2.28 percentage points from FY2025.
- Gross Margin has now declined for three consecutive fiscal years, with a five-year change of -5.02 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Gross Margin was 30.42% in FY2025 (-0.41 pp), 30.83% in FY2024 (-0.34 pp), 31.17% in FY2023 (+0.49 pp) and 30.68% in FY2022 (-2.48 pp).
- The fiscal Q4 2026 figure marks the lowest quarterly Gross Margin since fiscal Q3 2018.
- Compared with a year earlier, Gross Margin has declined for four straight quarters, with an average year-over-year change of -1.37 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q4 2023 (a gain of 2.98 percentage points); the worst was fiscal Q2 2022 (a drop of 4.07 percentage points).
- Per Business Quant data, CPB's Gross Margin in the three fiscal quarters before Q4 2026 was 27.47% (Q3 2026), 27.96% (Q2 2026) and 29.59% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 136.33 Bn | 111.70 Bn | - | - |
| 2 | Mondelez International | 76.81 Bn | 70.13 Bn | 3.99 Bn | 42.61% |
| 3 | Hershey | 33.25 Bn | 29.49 Bn | 1.26 Bn | 45.32% |
| 4 | Kraft Heinz | 27.93 Bn | 14.46 Bn | 2.03 Bn | 32.39% |
| 5 | General Mills | 17.97 Bn | 15.62 Bn | 1.49 Bn | 33.88% |
| 6 | Mccormick | 13.05 Bn | 12.93 Bn | 778.20 Mn | 40.18% |
| 7 | J M Smucker | 12.89 Bn | 12.67 Bn | 979.60 Mn | 44.14% |
| 8 | Hormel Foods | 10.99 Bn | 7.67 Bn | 471.52 Mn | 15.92% |
| 9 | Chewy | 7.48 Bn | 4.77 Bn | 1.01 Bn | 30.36% |
| 10 | Campbell'S | 5.98 Bn | 4.76 Bn | 583.00 Mn | 27.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 27.28% |
| May 3, 2026 | 27.47% |
| Feb 1, 2026 | 27.96% |
| Nov 2, 2025 | 29.59% |
| Aug 3, 2025 | 30.37% |
| Apr 27, 2025 | 29.41% |
| Jan 26, 2025 | 30.50% |
| Oct 27, 2024 | 31.28% |
| Jul 28, 2024 | 29.44% |
| Apr 28, 2024 | 30.90% |
| Jan 28, 2024 | 31.60% |
| Oct 29, 2023 | 31.29% |
| Jul 30, 2023 | 31.72% |
| Apr 30, 2023 | 29.97% |
| Jan 29, 2023 | 30.54% |
| Oct 30, 2022 | 32.39% |
| Jul 31, 2022 | 28.74% |
| May 1, 2022 | 31.22% |
| Jan 30, 2022 | 30.29% |
| Oct 31, 2021 | 32.29% |
API Access
Campbell'S Gross 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=gross-margin&ticker=CPB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CPB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CPB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();