Conagra Brands, Inc.

CAG

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

5/25/2025

Revenue

11,613

Cost of Revenue

8,609

Gross Profit

3,004

Gross Margin

25.9%

Operating Income

1,365

Operating Margin

11.8%

Net Income

1,152

Net Margin

9.9%

EPS (Basic)

$2.41

EPS (Diluted)

$2.41

EBITDA

1,966

EBITDA Margin

16.9%

2024

5/26/2024

Revenue

12,051

Cost of Revenue

8,718

Gross Profit

3,333

Gross Margin

27.7%

Operating Income

853

Operating Margin

7.1%

Net Income

347

Net Margin

2.9%

EPS (Basic)

$0.73

EPS (Diluted)

$0.72

EBITDA

1,447

EBITDA Margin

12.0%

2023

5/28/2023

Revenue

12,277

Cost of Revenue

9,012

Gross Profit

3,265

Gross Margin

26.6%

Operating Income

1,075

Operating Margin

8.8%

Net Income

684

Net Margin

5.6%

EPS (Basic)

$1.43

EPS (Diluted)

$1.42

EBITDA

1,685

EBITDA Margin

13.7%

2022

5/29/2022

Revenue

11,536

Cost of Revenue

8,697

Gross Profit

2,839

Gross Margin

24.6%

Operating Income

1,346

Operating Margin

11.7%

Net Income

888

Net Margin

7.7%

EPS (Basic)

$1.85

EPS (Diluted)

$1.84

EBITDA

1,936

EBITDA Margin

16.8%

2021

5/30/2021

Revenue

11,185

Cost of Revenue

8,006

Gross Profit

3,179

Gross Margin

28.4%

Operating Income

1,776

Operating Margin

15.9%

Net Income

1,299

Net Margin

11.6%

EPS (Basic)

$2.67

EPS (Diluted)

$2.66

EBITDA

2,220

EBITDA Margin

19.9%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	11,613	12,051	12,277	11,536	11,185
Cost of Revenue	8,609	8,718	9,012	8,697	8,006
Gross Profit	3,004	3,333	3,265	2,839	3,179
Gross Margin	25.9%	27.7%	26.6%	24.6%	28.4%
Operating Income	1,365	853	1,075	1,346	1,776
Operating Margin	11.8%	7.1%	8.8%	11.7%	15.9%
Net Income	1,152	347	684	888	1,299
Net Margin	9.9%	2.9%	5.6%	7.7%	11.6%
EPS (Basic)	$2.41	$0.73	$1.43	$1.85	$2.67
EPS (Diluted)	$2.41	$0.72	$1.42	$1.84	$2.66
EBITDA	1,966	1,447	1,685	1,936	2,220
EBITDA Margin	16.9%	12.0%	13.7%	16.8%	19.9%