Campbell'S (CPB) Gross Margin (2009 - 2026)
Campbell'S's (CPB) quarterly Gross Margin came in at 27.47% in Q2 2026, down 194.0% year-on-year from 29.23% in Q2 2025, and down 1.76% quarter-over-quarter from 27.96% in Q1 2026.
Campbell'S (CPB) Gross Margin (2009 - 2026) Analysis & Trends
Campbell'S's Gross Margin history runs 18 years deep, the most recent figure standing at 27.47% for Q2 2026.
- On a quarterly basis, Gross Margin fell 194.0% year-over-year to 27.47% in Q2 2026; TTM through May 2026 was 28.85%, a 136.0% decrease from a year earlier, with the FY2025 full-year figure at 30.42%, down 41.0% from the prior year.
- Gross Margin fell to 27.47% in Q2 2026 per CPB's latest filing, from 27.96% in the prior quarter.
- Across five years, Gross Margin topped out at 32.39% in Q4 2022 and bottomed at 27.47% in Q2 2026.
- The 5-year median for Gross Margin is 30.44% (2025), against an average of 30.26%.
- Across the five-year window, Gross Margin sank 407 bps in 2022 and jumped 298 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 32.39% in 2022, then fell by 3 bps to 31.29% in 2023, then fell by 0 bps to 31.28% in 2024, then fell by 5 bps to 29.59% in 2025, then fell by 7 bps to 27.47% in 2026.
- Per Business Quant, the three latest CPB Gross Margin figures stand at 27.47% (Q2 2026), 27.96% (Q1 2026), and 29.59% (Q4 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.05 Bn | 26.07 Bn | 2.22 Bn | 36.70% |
| 2 | General Mills | 19.11 Bn | 18.67 Bn | 1.60 Bn | 34.79% |
| 3 | Hormel Foods | 13.78 Bn | 12.93 Bn | 518.51 Mn | 17.44% |
| 4 | Mccormick | 13.51 Bn | 13.76 Bn | 778.20 Mn | 40.18% |
| 5 | Magnum Ice Cream | 10.87 Bn | 10.35 Bn | - | - |
| 6 | Smithfield Foods | 10.26 Bn | 8.88 Bn | 511.00 Mn | 13.45% |
| 7 | Darling Ingredients | 10.06 Bn | 10.02 Bn | 404.92 Mn | 26.11% |
| 8 | Conagra Brands | 6.88 Bn | 6.66 Bn | 704.10 Mn | 24.43% |
| 9 | Lamb Weston Holdings | 6.84 Bn | 6.78 Bn | 361.40 Mn | 20.42% |
| 10 | Campbell'S | 6.38 Bn | 5.98 Bn | 650.00 Mn | 27.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Aug 1, 2021 | 31.34% |