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Mondelez International vs Conagra Brands: MDLZ and CAG compared
Mondelez International is the larger company: $10.0B of revenue in its latest quarter (Q3 2026) against $2.6B for Conagra Brands (Q1 FY27). Mondelez International is growing faster (+2% against -1% a year earlier). Mondelez International is more profitable, with an operating margin of 17.6% against 10.3%.
Where the money goes: MDLZ and CAG
Mondelez International (MDLZ) · Q3 2026
Mondelez International, Q3 2026: revenue $10.0B (+2% year over year), operating margin 17.6%, net earnings $1.3B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
Conagra Brands (CAG) · Q1 FY27
Conagra Brands, Q1 FY27: revenue $2.6B (-1% year over year), operating margin 10.3%, net earnings $174M, operating cash flow −$4.2M. The chart follows the revenue to costs, profit and cash.
| Mondelez International (MDLZ) | Conagra Brands (CAG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $10.0B | $2.6B |
| Revenue growth, Y/Y | +2% | -1% |
| Gross margin | 39.4% | 23.8% |
| Operating margin | 17.6% | 10.3% |
| Net earnings | $1.3B | $174M |
| Net margin | 13.1% | 6.7% |
| Operating cash flow | $1.3B | −$4.2M |
| Free cash flow | $991M | — |
| Market value | $84.5B | $7.3B |
| P/E | 20.8× | — |
| Analysts’ mean target | $70.45 | $13.74 |
Where the revenue comes from
Mondelez International
- Biscuits & Baked Snacks: $4.9B (49%)
- Chocolate: $3.1B (31%)
- Gum & Candy: $1.2B (12%)
- Meals: $623M (6%)
Conagra Brands
- Frozen: $878M (34%)
- Other Shelf-stable: $552M (21%)
- Snacks: $499M (19%)
- Foodservice: $273M (11%)
Questions
Which is bigger, Mondelez International or Conagra Brands?
Mondelez International is the larger company: $10.0B of revenue in its latest quarter (Q3 2026) against $2.6B for Conagra Brands (Q1 FY27).
Is Mondelez International or Conagra Brands growing faster?
Mondelez International is growing faster (+2% against -1% a year earlier).
Which is more profitable, Mondelez International or Conagra Brands?
Mondelez International is more profitable, with an operating margin of 17.6% against 10.3%.
More: Mondelez International earnings · how Mondelez International makes money · Conagra Brands earnings · how Conagra Brands makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Sep 30, 2026). Fiscal quarters can end on different dates. Not investment advice.