CAG Conagra Brands margins

  1. Stocks
  2. Consumer Defensive
  3. NYSE: CAG
  4. Margins
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Relative Growth: Rel. Growth: 8
Relative Strength: Rel. Strength: 27
Relative Valuation: Rel. Valuation: 32
Relative Profitability: Rel. Profitability: 12
Gross margin
23.8%
Operating margin
-14.8%
EBITDA margin
-9.8%
Net margin
-17%

Conagra Brands reports its operating margin is negative at -14.8%, its EBITDA margin is negative at -9.8%, and its net margin is negative at -17%, alongside a gross margin of 23.8%, an operating margin of -14.8%, an EBITDA margin of -9.8%, and a net margin of -17%. EBITDA margin had the largest decline, decreasing by 26.5 percentage points, while the other available margins also declined.

CAG margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Conagra Brands recorded average margins of 25.88% gross, 4.22% operating, 9.02% EBITDA, and 0.99% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.

CAG margin expansion

Year-over-year margin changes in percentage points

EBITDA margin led the decline, falling by 26.5 percentage points, while the other available margins also decreased.

Gross margin expansion
-1.6pp
Operating margin expansion
-26.4pp
EBITDA margin expansion
-26.5pp
Net margin expansion
-24.4pp

CAG Gross margin

The average gross margin for Conagra Brands was 25.88% over the last 3 years. As of the latest period, the current gross margin for Conagra Brands is 23.8%, 2.1 percentage points below its three-year average. The gross margin for Conagra Brands moved between 23.8% in Aug 2026 and 27.7% in May 2024.

CAG Operating margin

Looking back over the last 3 years, Conagra Brands recorded an average operating margin of 4.22%. The latest operating margin for Conagra Brands is -14.8%, 19 percentage points below its three-year average. The highest operating margin for Conagra Brands was 12.6% in Nov 2023, while the lowest was -14.8% in Aug 2026.

CAG EBITDA margin

Conagra Brands's EBITDA margin averaged 9.02% during the last 3 years. Compared with its three-year average, Conagra Brands's current EBITDA margin is -9.8% and is 18.8 percentage points below its three-year average. Over the last 3 years, Conagra Brands's EBITDA margin peaked at 17.1% in Nov 2023 and reached a low of -9.8% in Aug 2026.

CAG Net margin

Conagra Brands recorded an average net margin of 0.99% across the last 3 years. The current net margin of -17% is 18 percentage points below its three-year average. During this period, net margin reached a high of 9.9% in May 2025 and a low of -17% in May 2026.

CAG margin group comparison

Margins compared with peer-group, industry and sector averages

Conagra Brands's gross margin of 23.8% is below the Consumer Defensive sector, the industry and its peers average. Looking at its Consumer Defensive sector average of 36.6%, Conagra Brands's gross margin is 35% lower.

CAG margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Conagra Brands's gross margin?

The current gross margin for CAG is 23.8% as of Aug 30, 2026.

What is Conagra Brands's operating margin?

The current operating margin for CAG is -14.8% as of Aug 30, 2026.

What is Conagra Brands's EBITDA margin?

For the period ending Aug 30, 2026, CAG recorded an EBITDA margin of -9.8%.

What is Conagra Brands's net margin?

As of Aug 30, 2026, CAG has a net margin of -17%.

What are the average margins of CAG?

Conagra Brands's average margins over the last 3 years were 25.9% gross, 4.2% operating, 9.0% EBITDA, and 1.0% net.

What are the highest historical margins of CAG?

In the last 5 years, the highest margins reported by CAG were 27.7% gross in May 2024, 14% operating in Nov 2021, 18.3% EBITDA in Nov 2021, and 9.9% net in May 2025.

What are the lowest historical margins of CAG?

Conagra Brands's lowest recorded margins during the past 5 years were 23.8% gross in Aug 2026, -14.8% operating in Aug 2026, -9.8% EBITDA in Aug 2026, and -17% net in May 2026.