Operating Income for Conagra Brands (CAG)
According to Conagra Brands's latest reported financial statements, the company's current operating income (TTM) is $1.37B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.37B
YoY change
+60.0%
5Y CAGR
-1.2%
Peak year (2021)
$1.78B
Cumulative operating income
$41.44B
Operating Income history chart for Conagra Brands (CAG) from 1986 to 2025
Operating Income history table for Conagra Brands (CAG) from 1986 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.36B | +60.0% | ||
| 2024 | $852.80M | -20.7% | ||
| 2023 | $1.08B | -20.1% | ||
| 2022 | $1.35B | -24.2% | ||
| 2021 | $1.78B | +22.7% | ||
| 2020 | $1.45B | +22.7% | ||
| 2019 | $1.18B | +23.8% | ||
| 2018 | $953.10M | +9.6% | ||
| 2017 | $869.80M | +115.0% | ||
| 2016 | $404.60M | -55.7% | ||
| 2015 | $912.80M | -20.5% | ||
| 2014 | $1.15B | -11.6% | ||
| 2013 | $1.30B | +58.7% | ||
| 2012 | $818.70M | -41.7% | ||
| 2011 | $1.40B | +13.0% | ||
| 2010 | $1.24B | +13.1% | ||
| 2009 | $1.10B | +15.6% | ||
| 2008 | $949.80M | +3.4% | ||
| 2007 | $918.90M | +31.5% | ||
| 2006 | $698.90M | -37.4% | ||
| 2005 | $1.12B | +2.4% | ||
| 2004 | $1.09B | -26.7% | ||
| 2003 | $1.49B | -6.4% | ||
| 2002 | $1.59B | +6.0% | ||
| 2001 | $1.50B | +20.5% | ||
| 2000 | $1.24B | -10.7% | ||
| 1999 | $1.39B | +5.0% | ||
| 1998 | $1.33B | +0.2% | ||
| 1997 | $1.32B | +8.3% | ||
| 1996 | $1.22B | +11.0% | ||
| 1995 | $1.10B | +13.6% | ||
| 1994 | $969.00M | +12.1% | ||
| 1993 | $864.40M | -2.6% | ||
| 1992 | $887.70M | +12.4% | ||
| 1991 | $789.60M | +56.9% | ||
| 1990 | $503.30M | +13.3% | ||
| 1989 | $444.40M | +49.6% | ||
| 1988 | $297.10M | -7.6% | ||
| 1987 | $321.70M | +46.1% | ||
| 1986 | $220.20M | — |
Operating Income values are taken from Conagra Brands's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Conagra Brands (CAG) most recent annual operating income stands at $1.36B (2025) – surged 60.0% year-over-year.
Over 2020–2025 (5 years), Conagra Brands operating income expanded at a -1.2% compound annual rate, with a net decline across the window.
Conagra Brands operating income declined from $1.78B in 2021 to $1.36B in 2025, a 23.2% drawdown.
The highest annual operating income of $1.78B was reported in 2021. The lowest in the available history was $220.20M in 1986.
Among 8 Consumer Defensive peers, Conagra Brands (CAG) ranks 9th; the peer median for operating income is $14.35B.
Conagra Brands Operating Income by Year
Conagra Brands Operating Income 2025: $1.36B
Conagra Brands operating income in 2025 was $1.36B, surged 60.0% from 2024.
Conagra Brands Operating Income 2024: $852.80M
Conagra Brands operating income in 2024 was $852.80M, declined 20.7% below 2023.
Conagra Brands Operating Income 2023: $1.08B
Conagra Brands operating income in 2023 was $1.08B, declined 20.1% below 2022.
Conagra Brands Operating Income 2022: $1.35B
Conagra Brands operating income in 2022 was $1.35B, declined 24.2% below 2021.
Conagra Brands Operating Income 2021: $1.78B
Conagra Brands operating income in 2021 was $1.78B.
See more financial history for Conagra Brands (CAG).
Sector peers — Operating Income
Companies in the same sector as Conagra Brands, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $29.82B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $20.45B | Consumer Defensive |
| Altria Group, Inc. (MO) | $15.06B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $14.93B | Consumer Defensive |
| The Coca-Cola Company (KO) | $13.76B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $13.49B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $10.38B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $2.42B | Consumer Defensive |
Frequently asked questions
What is Conagra Brands's operating income?
- Latest reported operating income for Conagra Brands (CAG) is $1.37B (period ending February 22, 2026).
How has Conagra Brands operating income changed year-over-year?
- Conagra Brands (CAG) operating income changed +60.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Conagra Brands operating income?
- Conagra Brands (CAG) operating income compound annual growth rate is -1.2% over the most recent 5 years available.
When did Conagra Brands operating income hit its highest annual value?
- Conagra Brands operating income reached its highest annual value of $1.78B in 2021.
What was Conagra Brands operating income in 2024?
- Conagra Brands (CAG) operating income in 2024 was $852.80M.
What was Conagra Brands operating income in 2025?
- Conagra Brands (CAG) operating income in 2025 was $1.36B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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