Campbell'S (CPB) Gross Margin (2009 - 2026)
Campbell'S (CPB) posted Gross Margin of 27.47% for Q2 2026, down 1.76% on a QoQ basis from 27.96% in Q1 2026, and down 194.0% year-over-year from 29.23% in Q2 2025.
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Analysis
Campbell'S (CPB) Gross Margin (2009 - 2026) Analysis & Trends
Campbell'S has reported Gross Margin for 18 years, with the latest figure at 27.47% in 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 was 27.47% for Q2 2026 at Campbell'S, down from 27.96% in the prior quarter.
- The five-year high for Gross Margin was 32.39% in Q4 2022, with the low at 27.47% in Q2 2026.
- Average Gross Margin over 5 years is 30.26%, with a median of 30.44% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 407 bps in 2022, then soared 298 bps in 2023.
- Over 5 years, Gross Margin stood at 32.39% in 2022, then retreated by 3 bps to 31.29% in 2023, then retreated by 0 bps to 31.28% in 2024, then retreated by 5 bps to 29.59% in 2025, then retreated by 7 bps to 27.47% in 2026.
- The last three Gross Margin figures came in at 27.47% (Q2 2026), 27.96% (Q1 2026), and 29.59% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 29.22 Bn | 26.54 Bn | 2.03 Bn | 32.39% |
| 2 | General Mills | 19.94 Bn | 19.49 Bn | 1.60 Bn | 34.79% |
| 3 | Mccormick | 13.84 Bn | 13.51 Bn | 778.20 Mn | 40.18% |
| 4 | J M Smucker | 13.17 Bn | 13.13 Bn | 979.60 Mn | 44.14% |
| 5 | Hormel Foods | 11.54 Bn | 10.67 Bn | 471.52 Mn | 15.92% |
| 6 | Chewy | 8.46 Bn | 7.94 Bn | 1.01 Bn | 30.13% |
| 7 | Conagra Brands | 7.25 Bn | 7.03 Bn | 704.10 Mn | 24.43% |
| 8 | Lamb Weston Holdings | 6.67 Bn | 6.60 Bn | 361.40 Mn | 20.42% |
| 9 | Campbell'S | 6.51 Bn | 6.10 Bn | 650.00 Mn | 27.47% |
| 10 | Post Holdings | 3.66 Bn | 3.39 Bn | 566.30 Mn | 29.07% |
Historic Data
Download Data
Historic 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% |