Top Consumer Defensive Stocks by Operating Margin
Top consumer defensive companies ranked by operating margin, latest annual filings.
What Operating Margin Means for Consumer Defensive Companies
Operating margin in consumer defensive reflects how efficiently a staples business, whether packaged food, beverages, household goods, or grocery retail, converts steady demand into operating profit after raw material costs, marketing, distribution, and overhead. Branded packaged-goods leaders sit in the middle of the sector range, tobacco typically earns notoriously wide operating margins thanks to addictive demand and entrenched pricing, while grocery chains and discount retailers run on some of the thinnest margins in the listed market, built on volume rather than unit economics.
Why It Matters in Consumer Defensive
Because staples volume is relatively insensitive to the economic cycle, operating margin tends to move with commodity input discipline and the ability to pass cost through at shelf. Brands with durable pricing power protect margin when input prices spike, while private-label pressure compresses it. Still, currency translation and promotional timing can swing reported margin meaningfully quarter to quarter in global staples firms, which is one reason the trailing twelve-month figure is more informative than any single period.
What to Read Alongside
Pair operating margin with [Gross Margin](/financials/top-gross-margin-stocks/consumer-defensive/) to isolate the pricing-versus-input-cost dynamic before marketing spend, [Revenue](/financials/top-revenue-stocks/consumer-defensive/) to size the business and gauge volume stability, and [Net Margin](/financials/top-net-margin-stocks/consumer-defensive/) for the after-tax picture.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | MO | Altria Group, Inc. | Consumer Defensive | 42.52% | $108.54B |
| 2 | PM | Philip Morris International Inc. | Consumer Defensive | 36.64% | $243.50B |
| 3 | CALM | Cal-Maine Foods, Inc. | Consumer Defensive | 36.05% | $3.63B |
| 4 | MNST | Monster Beverage Corporation | Consumer Defensive | 29.17% | $73.69B |
| 5 | KO | The Coca-Cola Company | Consumer Defensive | 28.71% | $323.59B |
| 6 | LAUR | Laureate Education, Inc. | Consumer Defensive | 25.33% | $4.65B |
| 7 | PG | The Procter & Gamble Company | Consumer Defensive | 24.26% | $332.59B |
| 8 | LOPE | Grand Canyon Education, Inc. | Consumer Defensive | 24.04% | $4.67B |
| 9 | PRDO | Perdoceo Education Corporation | Consumer Defensive | 23.17% | $2.22B |
| 10 | KDP | Keurig Dr Pepper Inc. | Consumer Defensive | 21.53% | $35.38B |
| 11 | UG | United-Guardian, Inc. | Consumer Defensive | 21.27% | $0.03B |
| 12 | TPB | Turning Point Brands, Inc. | Consumer Defensive | 20.59% | $1.53B |
| 13 | FIZZ | National Beverage Corp. | Consumer Defensive | 19.60% | $3.21B |
| 14 | CVSA | Covista Inc. | Consumer Defensive | 19.10% | $4.07B |
| 15 | ATGE | Adtalem Global Education Inc | Consumer Defensive | 19.10% | $3.40B |
| 16 | PFAI | Pinnacle Food Group Limited | Consumer Defensive | 18.69% | $0.05B |
| 17 | IPAR | Interparfums, Inc. | Consumer Defensive | 18.16% | $3.02B |
| 18 | CHD | Church & Dwight Co., Inc. | Consumer Defensive | 17.37% | $22.95B |
| 19 | GIS | General Mills, Inc. | Consumer Defensive | 16.96% | $18.85B |
| 20 | CL | Colgate-Palmolive Company | Consumer Defensive | 16.22% | $68.85B |
| 21 | KVUE | Kenvue Inc. | Consumer Defensive | 15.96% | $33.52B |
| 22 | MKC | McCormick & Company, Incorporated | Consumer Defensive | 15.65% | $14.32B |
| 23 | LGCY | Legacy Education Inc. | Consumer Defensive | 15.56% | $0.17B |
| 24 | BRBR | BellRing Brands, Inc. | Consumer Defensive | 15.43% | $1.89B |
| 25 | STG | Sunlands Technology Group | Consumer Defensive | 14.97% | $0.05B |
| 26 | LRN | Stride, Inc. | Consumer Defensive | 14.97% | $4.13B |
| 27 | K | Kellanova | Consumer Defensive | 14.69% | $29.03B |
| 28 | ODD | Oddity Tech Ltd. | Consumer Defensive | 14.67% | $0.85B |
| 29 | QSG | QuantaSing Group Limited | Consumer Defensive | 14.56% | $0.33B |
| 30 | KMB | Kimberly-Clark Corporation | Consumer Defensive | 14.29% | $32.52B |
| 31 | INGR | Ingredion Incorporated | Consumer Defensive | 14.07% | $7.18B |
| 32 | ORIS | Oriental Rise Holdings Limited | Consumer Defensive | 13.85% | $0.00B |
| 33 | TR | Tootsie Roll Industries, Inc. | Consumer Defensive | 13.78% | $3.16B |
| 34 | STRA | Strategic Education, Inc. | Consumer Defensive | 13.74% | $1.85B |
| 35 | COCO | The Vita Coco Company, Inc. | Consumer Defensive | 13.53% | $2.76B |
| 36 | COKE | Coca-Cola Consolidated, Inc. | Consumer Defensive | 13.15% | $12.66B |
| 37 | FTLF | FitLife Brands, Inc. | Consumer Defensive | 12.35% | $0.09B |
| 38 | HSY | The Hershey Company | Consumer Defensive | 12.33% | $38.79B |
| 39 | PEP | PepsiCo, Inc. | Consumer Defensive | 12.24% | $216.50B |
| 40 | ELF | e.l.f. Beauty, Inc. | Consumer Defensive | 12.03% | $3.95B |
| 41 | CAG | Conagra Brands, Inc. | Consumer Defensive | 11.75% | $7.11B |
| 42 | VITL | Vital Farms, Inc. | Consumer Defensive | 11.64% | $0.56B |
| 43 | MZTI | The Marzetti Company | Consumer Defensive | 11.54% | $3.75B |
| 44 | OLLI | Ollie's Bargain Outlet Holdings, Inc. | Consumer Defensive | 11.24% | $5.76B |
| 45 | CPB | The Campbell's Company | Consumer Defensive | 10.96% | $6.26B |
| 46 | SMPL | The Simply Good Foods Company | Consumer Defensive | 10.81% | $1.05B |
| 47 | LW | Lamb Weston Holdings, Inc. | Consumer Defensive | 10.31% | $6.04B |
| 48 | UTI | Universal Technical Institute, Inc. | Consumer Defensive | 9.99% | $2.07B |
| 49 | POST | Post Holdings, Inc. | Consumer Defensive | 9.80% | $4.77B |
| 50 | RAY | Raytech Holding Limited | Consumer Defensive | 9.71% | $0.01B |
| 51 | HLF | Herbalife Ltd. | Consumer Defensive | 9.55% | $1.67B |
| 52 | TANH | Tantech Holdings Ltd | Consumer Defensive | 9.28% | $0.01B |
| 53 | MDLZ | Mondelez International, Inc. | Consumer Defensive | 9.21% | $73.25B |
| 54 | EDU | New Oriental Education & Technology Group Inc. | Consumer Defensive | 8.74% | $9.43B |
| 55 | PPC | Pilgrim's Pride Corporation | Consumer Defensive | 8.72% | $8.01B |
| 56 | DLTR | Dollar Tree, Inc. | Consumer Defensive | 8.52% | $20.90B |
| 57 | DAO | Youdao, Inc. | Consumer Defensive | 8.41% | $1.29B |
| 58 | SFD | Smithfield Foods, Inc. | Consumer Defensive | 8.32% | $11.27B |
| 59 | CENTA | Central Garden & Pet Company | Consumer Defensive | 7.99% | $2.17B |
| 60 | UVV | Universal Corporation | Consumer Defensive | 7.96% | $1.29B |
| 61 | IH | iHuman Inc. | Consumer Defensive | 7.80% | $0.09B |
| 62 | SFM | Sprouts Farmers Market, Inc. | Consumer Defensive | 7.79% | $6.92B |
| 63 | JBSS | John B. Sanfilippo & Son, Inc. | Consumer Defensive | 7.65% | $0.95B |
| 64 | LWAY | Lifeway Foods, Inc. | Consumer Defensive | 7.61% | $0.38B |
| 65 | ACU | Acme United Corporation | Consumer Defensive | 7.49% | $0.18B |
| 66 | HELE | Helen of Troy Limited | Consumer Defensive | 7.48% | $0.41B |
| 67 | APEI | American Public Education, Inc. | Consumer Defensive | 7.39% | $1.12B |
| 68 | SAM | The Boston Beer Company, Inc. | Consumer Defensive | 7.37% | $2.55B |
| 69 | FRPT | Freshpet, Inc. | Consumer Defensive | 6.87% | $3.30B |
| 70 | PRMB | Primo Brands Corporation | Consumer Defensive | 6.46% | $7.38B |
| 71 | HRL | Hormel Foods Corporation | Consumer Defensive | 5.94% | $11.50B |
| 72 | LINC | Lincoln Educational Services Corporation | Consumer Defensive | 5.85% | $1.31B |
| 73 | CELH | Celsius Holdings, Inc. | Consumer Defensive | 5.61% | $9.06B |
| 74 | LFVN | LifeVantage Corporation | Consumer Defensive | 5.34% | $0.06B |
| 75 | JJSF | J&J Snack Foods Corp. | Consumer Defensive | 5.33% | $1.51B |
| 76 | BGS | B&G Foods, Inc. | Consumer Defensive | 5.31% | $0.44B |
| 77 | DG | Dollar General Corporation | Consumer Defensive | 5.16% | $27.90B |
| 78 | NATR | Nature's Sunshine Products, Inc. | Consumer Defensive | 5.15% | $0.46B |
| 79 | SENEA | Seneca Foods Corporation | Consumer Defensive | 4.93% | $0.89B |
| 80 | TGT | Target Corporation | Consumer Defensive | 4.88% | $56.11B |
| 81 | STKL | SunOpta Inc. | Consumer Defensive | 4.85% | $0.77B |
| 82 | GHC | Graham Holdings Company | Consumer Defensive | 4.78% | $4.88B |
| 83 | AVO | Mission Produce, Inc. | Consumer Defensive | 4.69% | $1.01B |
| 84 | NGVC | Natural Grocers by Vitamin Cottage, Inc. | Consumer Defensive | 4.66% | $0.63B |
| 85 | DAR | Darling Ingredients Inc. | Consumer Defensive | 4.46% | $9.20B |
| 86 | SPB | Spectrum Brands Holdings, Inc. | Consumer Defensive | 4.45% | $1.88B |
| 87 | KLG | WK Kellogg Co | Consumer Defensive | 4.43% | $1.99B |
| 88 | NUS | Nu Skin Enterprises, Inc. | Consumer Defensive | 4.43% | $0.38B |
| 89 | PSMT | PriceSmart, Inc. | Consumer Defensive | 4.41% | $4.84B |
| 90 | EPC | Edgewell Personal Care Company | Consumer Defensive | 4.34% | $1.09B |
| 91 | WMT | Walmart Inc. | Consumer Defensive | 4.18% | $995.12B |
| 92 | MAMA | Mama's Creations, Inc. | Consumer Defensive | 4.14% | $0.59B |
| 93 | COTY | Coty Inc. | Consumer Defensive | 4.09% | $2.08B |
| 94 | USNA | USANA Health Sciences, Inc. | Consumer Defensive | 4.05% | $0.35B |
| 95 | BJ | BJ's Wholesale Club Holdings, Inc. | Consumer Defensive | 3.81% | $11.94B |
| 96 | SYY | Sysco Corporation | Consumer Defensive | 3.80% | $35.41B |
| 97 | COST | Costco Wholesale Corporation | Consumer Defensive | 3.77% | $443.60B |
| 98 | CHEF | The Chefs' Warehouse, Inc. | Consumer Defensive | 3.50% | $2.68B |
| 99 | STZ | Constellation Brands, Inc. | Consumer Defensive | 3.48% | $28.48B |
| 100 | FLO | Flowers Foods, Inc. | Consumer Defensive | 3.31% | $1.80B |
No companies match this search.
How this ranking is built
Companies are ranked by operating margin as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.