TTM
12.3%
YoY change
+4.67pp
Trough year (1988)
3.1%
Peak year (2021)
15.9%
Latest annual
11.8%
Operating Margin history chart for Conagra Brands (CAG) from 1986 to 2025
Latest: 11.8%
Operating Margin change chart for Conagra Brands (CAG) from 1986 to 2025
Latest: +4.67pp
Operating Margin history table for Conagra Brands (CAG) from 1986 to 2025
| 2025 | 11.8% | +4.67pp | ||
| 2024 | 7.1% | -1.68pp | ||
| 2023 | 8.8% | -2.91pp | ||
| 2022 | 11.7% | -4.21pp | ||
| 2021 | 15.9% | +2.79pp | ||
| 2020 | 13.1% | +0.72pp | ||
| 2019 | 12.4% | +0.36pp | ||
| 2018 | 12.0% | +0.89pp | ||
| 2017 | 11.1% | +6.44pp | ||
| 2016 | 4.7% | -5.43pp | ||
| 2015 | 10.1% | +0.40pp | ||
| 2014 | 9.7% | +0.06pp | ||
| 2013 | 9.6% | +3.50pp | ||
| 2012 | 6.1% | -5.19pp | ||
| 2011 | 11.3% | +1.00pp | ||
| 2010 | 10.3% | +1.50pp | ||
| 2009 | 8.8% | +0.63pp | ||
| 2008 | 8.2% | -0.51pp | ||
| 2007 | 8.7% | +1.91pp | ||
| 2006 | 6.8% | -2.98pp | ||
| 2005 | 9.8% | -0.18pp | ||
| 2004 | 10.0% | +0.99pp | ||
| 2003 | 9.0% | +1.88pp | ||
| 2002 | 7.1% | +1.13pp | ||
| 2001 | 6.0% | +1.11pp | ||
| 2000 | 4.9% | -0.74pp | ||
| 1999 | 5.6% | +0.20pp | ||
| 1998 | 5.4% | -0.01pp | ||
| 1997 | 5.4% | +0.30pp | ||
| 1996 | 5.1% | +0.55pp | ||
| 1995 | 4.6% | +0.44pp | ||
| 1994 | 4.1% | +0.10pp | ||
| 1993 | 4.0% | -0.17pp | ||
| 1992 | 4.2% | +0.14pp | ||
| 1991 | 4.0% | +0.80pp | ||
| 1990 | 3.2% | -0.67pp | ||
| 1989 | 3.9% | +0.78pp | ||
| 1988 | 3.1% | -0.44pp | ||
| 1987 | 3.6% | -0.15pp | ||
| 1986 | 3.7% | — |
- 202511.8%+4.67pp
- 20247.1%-1.68pp
- 20238.8%-2.91pp
- 202211.7%-4.21pp
- 202115.9%+2.79pp
- 202013.1%+0.72pp
- 201912.4%+0.36pp
- 201812.0%+0.89pp
- 201711.1%+6.44pp
- 20164.7%-5.43pp
- 201510.1%+0.40pp
- 20149.7%+0.06pp
- 20139.6%+3.50pp
- 20126.1%-5.19pp
- 201111.3%+1.00pp
- 201010.3%+1.50pp
- 20098.8%+0.63pp
- 20088.2%-0.51pp
- 20078.7%+1.91pp
- 20066.8%-2.98pp
- 20059.8%-0.18pp
- 200410.0%+0.99pp
- 20039.0%+1.88pp
- 20027.1%+1.13pp
- 20016.0%+1.11pp
- 20004.9%-0.74pp
- 19995.6%+0.20pp
- 19985.4%-0.01pp
- 19975.4%+0.30pp
- 19965.1%+0.55pp
- 19954.6%+0.44pp
- 19944.1%+0.10pp
- 19934.0%-0.17pp
- 19924.2%+0.14pp
- 19914.0%+0.80pp
- 19903.2%-0.67pp
- 19893.9%+0.78pp
- 19883.1%-0.44pp
- 19873.6%-0.15pp
- 19863.7%—
Operating Margin values are taken from Conagra Brands's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Conagra Brands (CAG)
According to Conagra Brands's latest reported financial statements, the company's latest reported operating margin is 12.3%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Conagra Brands (CAG) most recent annual operating margin stands at 11.75% (2025) – expanded 4.7 percentage points year-over-year.
Across the available history, operating margin reached its high of 15.88% in 2021 and its low of 3.14% in 1988.
Conagra Brands Operating Margin by Year
Conagra Brands Operating Margin 2025: 11.8%
Conagra Brands operating margin in 2025 was 11.75%, expanded 4.7 percentage points from 2024.
Conagra Brands Operating Margin 2024: 7.1%
2024's operating margin for Conagra Brands came in at 7.08%, contracted 1.7 percentage points from 2023.
Conagra Brands Operating Margin 2023: 8.8%
Conagra Brands posted operating margin of 8.76% in 2023, contracted 2.9 percentage points from 2022.
Conagra Brands Operating Margin 2022: 11.7%
In 2022, Conagra Brands reported operating margin of 11.67%, contracted 4.2 percentage points from 2021.
Conagra Brands Operating Margin 2021: 15.9%
Conagra Brands operating margin in 2021 was 15.88%.
See more financial history for Conagra Brands (CAG).
Sector peers by Operating Margin
Consumer Defensive peers of Conagra Brands (CAG), ranked by their latest operating margin
| 50.7% | |
| 36.8% | |
| 29.3% | |
| 29.3% | |
| 23.2% | |
| 14.8% | |
| 4.2% | |
| 3.8% |
- 50.7%
- 29.3%
- 14.8%
- 4.2%
- 3.8%
Frequently asked questions
Conagra Brands (CAG) Key Financials
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