Conagra Brands, Inc. (CAG) Income Statement
CAG FY2026 at a glance
Fiscal year ended May 31, 2026 · U.S. dollarsCAG revenue and net income
Where CAG's revenue goes
FY2026Each bar shows an amount and its share of revenue. CAG kept −17.0% of revenue as net income.
CAG profit margins
CAG growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.9% | −2.8% | +0.2% | +2.7% |
| Gross profit | −10.2% | −6.2% | −3.2% | +1.1% |
| Operating income | −219.3% | — | — | — |
| Net income | −266.3% | — | — | — |
| EPS (diluted) | −26.1% | −14.9% | −8.4% | −3.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CAG quarterly EPS vs estimates
Conagra Brands beat the analyst EPS estimate in 5 of the last 8 quarters.
CAG income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.28B | $11.61B | $12.05B | $12.28B | $11.54B | $11.18B | $11.05B | $9.54B | $7.94B | $7.83B |
| Cost of revenue | $8.58B | $8.61B | $8.72B | $9.01B | $8.70B | $8.01B | $7.98B | $6.89B | $5.59B | $5.48B |
| Gross profit | $2.70B | $3.00B | $3.33B | $3.26B | $2.84B | $3.18B | $3.07B | $2.65B | $2.35B | $2.34B |
| Research & development | — | $60.8M | $61.4M | $57.7M | $53.4M | $51.3M | $56.4M | $56.1M | $47.3M | $44.6M |
| Sales, general & admin | $1.44B | $1.33B | $2.48B | $2.19B | $1.49B | $1.40B | $1.62B | $1.47B | $1.40B | $1.47B |
| Total operating expenses | $4.33B | $1.64B | $2.48B | $2.19B | $1.49B | $1.40B | $1.62B | $1.47B | $1.40B | $1.47B |
| Operating income | −$1.63B | $1.36B | $852.8M | $1.08B | $1.35B | $1.78B | $1.45B | $1.18B | $953.1M | $869.8M |
| Interest income | $7.5M | $2.5M | $5.7M | $3.9M | $2.1M | $420.4M | $3.1M | $6.8M | $3.8M | $3.7M |
| Interest expense | $382.6M | $416.7M | $436.2M | $413.5M | $382.0M | $422.3M | $490.2M | $398.2M | $162.5M | $199.2M |
| Income before taxes | −$1.82B | $1.16B | $610.2M | $901.9M | $1.18B | $1.49B | $1.04B | $899.1M | $972.1M | $800.7M |
| Income taxes | $91.8M | $3.7M | $262.5M | $218.7M | $290.5M | $193.8M | $201.3M | $218.8M | $174.6M | $254.7M |
| Net income | −$1.92B | $1.15B | $347.2M | $683.6M | $888.2M | $1.30B | $840.1M | $678.3M | $808.4M | $639.3M |
| EBITDA | −$1.05B | $1.97B | $1.45B | $1.69B | $1.94B | $2.22B | $1.85B | $1.55B | $1.29B | $1.20B |
| EPS (diluted) | $1.70 | $2.30 | $2.67 | $2.76 | $2.37 | $2.64 | $2.28 | $2.01 | $2.12 | $1.95 |
| Gross margin | 23.9% | 25.9% | 27.7% | 26.6% | 24.6% | 28.4% | 27.8% | 27.8% | 29.6% | 29.9% |
| Operating margin | −14.4% | 11.8% | 7.1% | 8.8% | 11.7% | 15.9% | 13.1% | 12.4% | 12.0% | 11.1% |
| Net margin | −17.0% | 9.9% | 2.9% | 5.6% | 7.7% | 11.6% | 7.6% | 7.1% | 10.2% | 8.2% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.60B | $2.88B | $2.79B | $2.98B | $2.63B | $2.78B | $2.84B | $3.20B | $2.79B | $2.91B | $3.03B | $3.21B |
| Cost of revenue | $1.98B | $2.18B | $2.13B | $2.28B | $1.99B | $2.07B | $2.13B | $2.35B | $2.06B | $2.10B | $2.17B | $2.36B |
| Gross profit | $618.7M | $704.1M | $657.7M | $696.0M | $640.6M | $707.2M | $710.3M | $846.7M | $739.3M | $804.9M | $858.8M | $846.6M |
| Research & development | — | — | — | — | — | $60.8M | — | — | — | $61.4M | — | — |
| Sales, general & admin | $350.3M | $401.1M | $377.6M | $325.1M | $335.6M | $327.1M | $443.7M | $444.1M | $340.0M | $1.36B | $389.3M | $398.1M |
| Total operating expenses | $350.3M | $2.32B | $377.6M | $1.29B | $335.6M | $413.4M | $443.7M | $444.1M | $337.7M | $1.36B | $387.4M | $398.1M |
| Operating income | $268.4M | −$1.62B | $280.1M | −$597.4M | $305.0M | $293.8M | $266.6M | $402.6M | $401.6M | −$556.1M | $471.4M | $448.5M |
| Interest income | — | $600,000 | $500,000 | $63.8M | $2.6M | $600,000 | $400,000 | $600,000 | $900,000 | $2.4M | $1.4M | $800,000 |
| Interest expense | $93.1M | $92.8M | $93.6M | $99.8M | $96.4M | $101.8M | $101.3M | $108.8M | $106.7M | $107.1M | $107.9M | $114.1M |
| Income before taxes | $232.9M | −$1.69B | $229.6M | −$655.3M | $289.1M | $293.2M | $189.0M | $346.0M | $328.0M | −$601.8M | $404.7M | $389.1M |
| Income taxes | $58.6M | −$70.9M | $29.8M | $8.3M | $124.6M | $37.2M | $43.9M | $61.5M | −$138.9M | −$34.6M | $95.9M | $102.9M |
| Net income | $174.3M | −$1.62B | $199.8M | −$663.6M | $164.5M | $256.0M | $145.1M | $284.5M | $466.8M | −$567.3M | $308.6M | $286.2M |
| EBITDA | $423.9M | −$1.49B | $424.6M | −$458.5M | $480.8M | $490.9M | $388.6M | $552.3M | $533.8M | −$385.5M | $608.4M | $602.5M |
| EPS (diluted) | $0.41 | $0.47 | $0.39 | $0.45 | $0.39 | $0.56 | $0.51 | $0.70 | $0.53 | $0.61 | $0.69 | $0.71 |
| Gross margin | 23.8% | 24.4% | 23.6% | 23.4% | 24.3% | 25.4% | 25.0% | 26.5% | 26.5% | 27.7% | 28.3% | 26.4% |
| Operating margin | 10.3% | −56.1% | 10.0% | −20.1% | 11.6% | 10.6% | 9.4% | 12.6% | 14.4% | −19.1% | 15.5% | 14.0% |
| Net margin | 6.7% | −56.1% | 7.2% | −22.3% | 6.2% | 9.2% | 5.1% | 8.9% | 16.7% | −19.5% | 10.2% | 8.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CAG's financial statements (latest annual report filed July 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CAG financial results
In fiscal year 2026 (ended May 31, 2026), Conagra Brands reported revenue of $11.3 billion, down 2.9% from the year before. It had a net loss of $1.9 billion, a net profit margin of −17.0%. Diluted earnings per share came to $1.70. Over five years revenue grew at an average rate of 0.2% a year.
See the CAG stock overview for the latest quote and news, or the CAG chart for price history and technical indicators.
CAG income statement FAQ
What is Conagra Brands's annual revenue?
Conagra Brands reported total revenue of $11.3 billion for fiscal year 2026, which ended on May 31, 2026. That was down 2.9% from $11.6 billion the previous year.
Is Conagra Brands profitable?
No. Conagra Brands reported a net loss of $1.9 billion in fiscal 2026, a net profit margin of −17.0%; its operating margin was −14.4%.
What is Conagra Brands's gross margin?
Conagra Brands's gross margin was 23.9% in fiscal 2026: for every $100 of revenue, Conagra Brands kept $24 after the direct cost of its products and services.
How fast is Conagra Brands growing?
Revenue grew 0.2% a year on average over the last five fiscal years, from $11.2 billion to $11.3 billion.
What are Conagra Brands's earnings per share?
Conagra Brands earned $1.70 per diluted share in fiscal 2026, compared with $2.30 a year earlier.
When does Conagra Brands's fiscal year end?
Conagra Brands's fiscal year ends in May. The latest annual report covers the year ended May 31, 2026 and was filed on July 15, 2026.