How does Conagra Brands (CAG) make money?

Conagra Brands (CAG) generates revenue primarily from Refrigerated And Frozen, which accounted for 41.1% of total revenue in TTM through Q2 2026. The company reported $11.3B in revenue and converted -17% of it into net profit, equivalent to roughly -$1.92B 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 23.9% in TTM through Q2 2026, equivalent to $2.7B in gross profit on $11.3B 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 -14.4% in TTM through Q2 2026, equivalent to -$1.63B 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 -17% in TTM through Q2 2026, equivalent to -$1.92B 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 $1.92B for TTM through Q2 2026, a net profit margin of -17%. 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) spend on capital expenditures?

Conagra Brands (CAG) spent $423M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 3.8% 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 $979M in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 8.7%. 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 are the main business segments of Conagra Brands (CAG)?

Conagra Brands (CAG) reports revenue across 4 reportable product segments, led by Refrigerated & Frozen at 41.1% of total revenue in TTM through Q2 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 Q2 2026

Calculated from the four most recent reported quarters, ending May 31, 2026 (reported July 15, 2026).

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

Conagra Brands (CAG) Revenue by Product Segment — TTM through Q2 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), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Refrigerated & Frozen	$4.64B	41.1%
Grocery & Snacks	$4.61B	40.9%
Foodservice	$1.12B	9.9%
International	$914M	8.1%
Total	$11.3B	100%

Refrigerated & Frozen$4.64B
Grocery & Snacks$4.61B
Foodservice$1.12B
International$914M
Total$11.3B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Conagra Brands (CAG) reports revenue across 4 reportable product segments; the largest segment was Refrigerated & Frozen at 41.1%, followed by Grocery & Snacks (40.9%) and Foodservice (9.9%).

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