Campbell'S (CPB) Operating Margin (2009 - 2026)
Campbell'S (CPB) posted Operating Margin of 10.1% for Q2 2026, down 5.13% on a QoQ basis from 10.65% in Q1 2026, and up 360.0% year-over-year from 2.2% in Q2 2025.
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Analysis
Campbell'S (CPB) Operating Margin (2009 - 2026) Analysis & Trends
Campbell'S has reported Operating Margin for 18 years, with the latest figure at 10.1% in Q2 2026.
- On a quarterly basis, Operating Margin rose 360.0% year-over-year to 10.1% in Q2 2026; TTM through May 2026 was 11.25%, a 214.0% increase from a year earlier, with the FY2025 full-year figure at 10.96%, up 58.0% from the prior year.
- Operating Margin was 10.1% for Q2 2026 at Campbell'S, down from 10.65% in the prior quarter.
- The five-year high for Operating Margin was 16.93% in Q4 2022, with the low at 3.36% in Q3 2024.
- Average Operating Margin over 5 years is 11.68%, with a median of 12.37% recorded in 2025.
- The sharpest annual moves came in 2022 and 2025: Operating Margin tumbled 1339 bps in 2022, then surged 823 bps in 2025.
- Over 5 years, Operating Margin stood at 16.93% in 2022, then declined by 16 bps to 14.22% in 2023, then slipped by 7 bps to 13.24% in 2024, then slipped by 5 bps to 12.55% in 2025, then decreased by 20 bps to 10.1% in 2026.
- The last three Operating Margin figures came in at 10.1% (Q2 2026), 10.65% (Q1 2026), and 12.55% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 28.93 Bn | 26.25 Bn | 2.03 Bn | -102.70% |
| 2 | General Mills | 19.30 Bn | 18.85 Bn | 1.60 Bn | -45.40% |
| 3 | Mccormick | 13.76 Bn | 13.43 Bn | 778.20 Mn | 14.27% |
| 4 | J M Smucker | 12.92 Bn | 12.88 Bn | 979.60 Mn | 23.05% |
| 5 | Hormel Foods | 11.47 Bn | 10.60 Bn | 471.52 Mn | 3.75% |
| 6 | Chewy | 8.74 Bn | 8.22 Bn | 1.01 Bn | 3.83% |
| 7 | Conagra Brands | 7.04 Bn | 6.82 Bn | 704.10 Mn | -57.54% |
| 8 | Lamb Weston Holdings | 6.57 Bn | 6.50 Bn | 361.40 Mn | 9.54% |
| 9 | Campbell'S | 6.23 Bn | 5.83 Bn | 650.00 Mn | 10.10% |
| 10 | Post Holdings | 3.62 Bn | 3.36 Bn | 566.30 Mn | 9.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 3, 2026 | 10.10% |
| Feb 1, 2026 | 10.65% |
| Nov 2, 2025 | 12.55% |
| Aug 3, 2025 | 11.59% |
| Apr 27, 2025 | 6.51% |
| Jan 26, 2025 | 12.18% |
| Oct 27, 2024 | 13.24% |
| Jul 28, 2024 | 3.36% |
| Apr 28, 2024 | 10.47% |
| Jan 28, 2024 | 12.91% |
| Oct 29, 2023 | 14.22% |
| Jul 30, 2023 | 13.15% |
| Apr 30, 2023 | 11.40% |
| Jan 29, 2023 | 14.08% |
| Oct 30, 2022 | 16.93% |
| Jul 31, 2022 | 8.56% |
| May 1, 2022 | 13.80% |
| Jan 30, 2022 | 14.62% |
| Oct 31, 2021 | 16.82% |
| Aug 1, 2021 | 21.94% |