Conagra BrandsMEX:CAG 37 Operating Margin % is 10.05% as of Feb. 2026, which is 20% below its 10-year median of 12.50. GuruFocus rates MEX:CAG with a GF Score™ of 37/100 and a GF Value™ of MXN446.41 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,951 Consumer Packaged Goods companies, Conagra Brands ranks better than 77.5% on this metric.
The historical rank and industry rank for Conagra Brands's Operating Margin % or its related term are showing as below:
MEX:CAG'
s Operating Margin % Range Over the Past 10 Years
Min: 4.67 Med: 12.5 Max: 15.88
Current: 11.9
MEX:CAG's Operating Margin % is ranked better than 77.5% of 1951
companies
in the Consumer Packaged Goods industry
Industry Median: 5.26
vs MEX:CAG: 11.90
Conagra Brands's 5-Year Average Operating Margin % Growth Rate was -0.10% per year.
Conagra Brands's Operating Income for the
three
months ended in Feb. 2026 was MXN4,824 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was MXN24,642 Mil.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Conagra Brands Operating Margin % Related Terms
Conagra Brands Operating Margin % Historical Data
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The historical data trend for Conagra Brands's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:CAG vs INGR, CPB, PPC: Operating Margin % Comparison
For the Packaged Foods subindustry, Conagra Brands's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Conagra Brands Operating Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Conagra Brands's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Conagra Brands's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Conagra Brands's Operating Margin % for the fiscal year that ended in May. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Conagra Brands (MEX:CAG) has a Operating Margin % of 10.05% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Conagra Brands and its competitors. This is 20% below median its historical median of 12.50. Over the past decade, Conagra Brands' Operating Margin % has ranged from 4.67 to 15.88. According to the industry distribution chart, Conagra Brands ranks #439 out of 1951 companies in the Consumer Packaged Goods industry, placing it in the top 22.5%.
Is Conagra Brands' Operating Margin % too high?
Conagra Brands' current Operating Margin % of 10.05% is 20% below median its 10-year median of 12.50. Over the past 10 years, this metric has ranged from a low of 4.67 to a high of 15.88. The Consumer Packaged Goods industry median Operating Margin % is 5.26. Conagra Brands' value of 10.05% is 91.1% above this industry median. Based on the distribution chart, Conagra Brands ranks #439 out of 1951 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Conagra Brands has a GF Score™ of 37/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Conagra Brands' Operating Margin % compare to INGR and CPB?
According to the Consumer Packaged Goods industry distribution chart, Conagra Brands ranks #439 out of 1951 companies for Operating Margin %. This places Conagra Brands in the top 23% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.26. Conagra Brands' value of 10.05% is 91.1% above this benchmark. Historically, Conagra Brands' own Operating Margin % has ranged from 4.67 to 15.88 over the past decade. While the company's 10-year median is 12.50 vs. the industry median of 5.26, Conagra Brands has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Consumer Packaged Goods company?
The median Operating Margin % among Consumer Packaged Goods companies is 5.26, based on 1,951 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Conagra Brands's current Operating Margin % of 10.05% is 91.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Conagra Brands and its competitors. For the Consumer Packaged Goods industry, the median Operating Margin % is 5.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Conagra Brands's current Operating Margin % is 10.05%, which is 20% below median its own 10-year median of 12.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Conagra Brands stock overvalued right now?
Based on GuruFocus' analysis, Conagra Brands (MEX:CAG) is currently considered Possible Value Trap. The stock's GF Value™ is MXN446.41, compared to a current price of MXN236.22 — trading 47.1% below its estimated fair value. The current Operating Margin % is 10.05%, which is 20% below median its 10-year median of 12.50 and 91.1% above the Consumer Packaged Goods industry median of 5.26. Conagra Brands' overall GF Score™ is 37/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Conagra Brands (MEX:CAG), the current Operating Margin % is 10.05% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Conagra Brands (MEX:CAG) Overvalued in 2026?
Based on GuruFocus' analysis, Conagra Brands stock appears to be undervalued.
The current stock price of MXN236.22 is trading 47.1% below its estimated GF Value™ of MXN446.41.
GuruFocus considers Conagra Brands to be Possible Value Trap.
Key valuation signals for MEX:CAG:
Operating Margin %: 10.05% (20% below median its 10-year median of 12.50)
GF Value™: MXN446.41 vs. price of MXN236.22 (47.1% below fair value)
Industry Position: 91.1% above the Consumer Packaged Goods median (#439 of 1951)
No single metric tells the full story. See the MEX:CAG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Conagra Brands is a packaged food company that operates predominantly in the United States (91% of fiscal 2025 revenue). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, and Wish-Bone. The company primarily sells through the US retail channel, with just 9% of fiscal 2025 revenue coming from international markets and 9% from foodservice.
37GF Score
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