TTM
12.1%
YoY change
+0.47pp
Trough year (1993)
9.4%
Peak year (1998)
22.7%
Latest annual
13.2%
Operating Margin history chart for Campbell Soup (CPB) from 1986 to 2025
Latest: 13.2%
Operating Margin change chart for Campbell Soup (CPB) from 1986 to 2025
Latest: +0.47pp
Operating Margin history table for Campbell Soup (CPB) from 1986 to 2025
| 2025 | 13.2% | +0.47pp | ||
| 2024 | 12.7% | -1.30pp | ||
| 2023 | 14.0% | +0.61pp | ||
| 2022 | 13.4% | -1.58pp | ||
| 2021 | 15.0% | +0.09pp | ||
| 2020 | 14.9% | +1.64pp | ||
| 2019 | 13.2% | -1.45pp | ||
| 2018 | 14.7% | -6.29pp | ||
| 2017 | 21.0% | +3.70pp | ||
| 2016 | 17.3% | +2.89pp | ||
| 2015 | 14.4% | -1.65pp | ||
| 2014 | 16.0% | +1.81pp | ||
| 2013 | 14.2% | -2.10pp | ||
| 2012 | 16.3% | -1.60pp | ||
| 2011 | 17.9% | +0.16pp | ||
| 2010 | 17.8% | +2.23pp | ||
| 2009 | 15.5% | -0.46pp | ||
| 2008 | 16.0% | -0.42pp | ||
| 2007 | 16.4% | +0.68pp | ||
| 2006 | 15.7% | -0.19pp | ||
| 2005 | 15.9% | +0.01pp | ||
| 2004 | 15.9% | -0.62pp | ||
| 2003 | 16.5% | -1.76pp | ||
| 2002 | 18.3% | -0.61pp | ||
| 2001 | 18.9% | -1.17pp | ||
| 2000 | 20.1% | +0.29pp | ||
| 1999 | 19.8% | -2.91pp | ||
| 1998 | 22.7% | +0.91pp | ||
| 1997 | 21.8% | +2.61pp | ||
| 1996 | 19.2% | +2.98pp | ||
| 1995 | 16.2% | +0.26pp | ||
| 1994 | 16.0% | +6.53pp | ||
| 1993 | 9.4% | -5.06pp | ||
| 1992 | 14.5% | +1.78pp | ||
| 1991 | 12.7% | +2.69pp | ||
| 1990 | 10.0% | +0.30pp | ||
| 1989 | 9.7% | +0.21pp | ||
| 1988 | 9.5% | +0.05pp | ||
| 1987 | 9.5% | -0.03pp | ||
| 1986 | 9.5% | — |
- 202513.2%+0.47pp
- 202412.7%-1.30pp
- 202314.0%+0.61pp
- 202213.4%-1.58pp
- 202115.0%+0.09pp
- 202014.9%+1.64pp
- 201913.2%-1.45pp
- 201814.7%-6.29pp
- 201721.0%+3.70pp
- 201617.3%+2.89pp
- 201514.4%-1.65pp
- 201416.0%+1.81pp
- 201314.2%-2.10pp
- 201216.3%-1.60pp
- 201117.9%+0.16pp
- 201017.8%+2.23pp
- 200915.5%-0.46pp
- 200816.0%-0.42pp
- 200716.4%+0.68pp
- 200615.7%-0.19pp
- 200515.9%+0.01pp
- 200415.9%-0.62pp
- 200316.5%-1.76pp
- 200218.3%-0.61pp
- 200118.9%-1.17pp
- 200020.1%+0.29pp
- 199919.8%-2.91pp
- 199822.7%+0.91pp
- 199721.8%+2.61pp
- 199619.2%+2.98pp
- 199516.2%+0.26pp
- 199416.0%+6.53pp
- 19939.4%-5.06pp
- 199214.5%+1.78pp
- 199112.7%+2.69pp
- 199010.0%+0.30pp
- 19899.7%+0.21pp
- 19889.5%+0.05pp
- 19879.5%-0.03pp
- 19869.5%—
Operating Margin values are taken from Campbell Soup'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 Campbell Soup (CPB)
According to Campbell Soup's latest reported financial statements, the company's latest reported operating margin is 12.1%. 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 .
2025's annual operating margin for Campbell Soup (CPB) came in at 13.20% – expanded 0.5 percentage points year-over-year.
22.72% stands as the all-time-high annual operating margin, posted in 1998, against a low of 9.44% during 1993.
Campbell Soup Operating Margin by Year
Campbell Soup Operating Margin 2025: 13.2%
Campbell Soup posted operating margin of 13.20% in 2025, expanded 0.5 percentage points from 2024.
Campbell Soup Operating Margin 2024: 12.7%
In 2024, Campbell Soup reported operating margin of 12.72%, contracted 1.3 percentage points from 2023.
Campbell Soup Operating Margin 2023: 14.0%
Campbell Soup operating margin in 2023 was 14.02%, expanded 0.6 percentage points from 2022.
Campbell Soup Operating Margin 2022: 13.4%
2022's operating margin for Campbell Soup came in at 13.41%, contracted 1.6 percentage points from 2021.
Campbell Soup Operating Margin 2021: 15.0%
Campbell Soup operating margin in 2021 was 14.98%.
See more financial history for Campbell Soup (CPB).
Sector peers by Operating Margin
Consumer Defensive peers of Campbell Soup (CPB), 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%
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Campbell Soup (CPB) Key Financials
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