How does Conagra Brands (CAG) make money?

Conagra Brands (CAG) generates revenue primarily from Grocery And Snacks, which accounted for 41.3% of total revenue in TTM through Q1 2026. The company reported $11.18B in revenue and converted -0.4% of it into net profit, equivalent to roughly −$43.30M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Conagra Brands (CAG)?

Conagra Brands (CAG) reported a gross profit margin of 24.2% in TTM through Q1 2026, equivalent to $2.70B in gross profit on $11.18B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Conagra Brands (CAG)?

Conagra Brands (CAG) reported an operating profit margin of 12.3% in TTM through Q1 2026, equivalent to $1.37B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Conagra Brands (CAG)?

Conagra Brands (CAG) reported a net profit margin of -0.4% in TTM through Q1 2026, equivalent to −$43.30M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Conagra Brands (CAG) profitable?

Conagra Brands (CAG) reported a net loss of $43.30M for TTM through Q1 2026, a net profit margin of -0.4%. Combined operating expenses, interest, and income taxes exceeded revenue, so the period closed in the red on a reported basis.

How much does Conagra Brands (CAG) invest in research and development?

Conagra Brands (CAG) invested $60.80M in research and development during TTM through Q1 2026, roughly 0.5% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Conagra Brands (CAG) spend on capital expenditures?

Conagra Brands (CAG) spent $399.30M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 3.6% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Conagra Brands (CAG) generate?

Conagra Brands (CAG) generated $842.00M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 7.5%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Conagra Brands (CAG)?

Conagra Brands (CAG) had an effective tax rate of 127.7% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Conagra Brands (CAG)?

Conagra Brands (CAG) reports revenue across 4 reportable product segments, led by Grocery & Snacks at 41.3% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Conagra Brands Makes Money: 2026 Visual Revenue Map

Conagra Brands (CAG) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending February 22, 2026 (reported April 1, 2026).

Conagra Brands discloses geographic revenue only in annual filings. to view the full breakdown.

Conagra Brands (CAG) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Conagra Brands (CAG) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Grocery & Snacks	$4.61B	41.3%
Refrigerated & Frozen	$4.59B	41%
Foodservice	$1.08B	9.7%
International	$898.96M	8%
Total	$11.18B	100%

Grocery & Snacks$4.61B
Refrigerated & Frozen$4.59B
Foodservice$1.08B
International$898.96M
Total$11.18B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Conagra Brands (CAG) reports revenue across 4 operating segments; the largest segment was Grocery & Snacks at 41.3%, followed by Refrigerated & Frozen (41%) and Foodservice (9.7%).

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