General Mills Inc (GIS)

Net profit margin

		May 26, 2024	May 28, 2023	May 29, 2022	May 30, 2021	May 31, 2020
Net income	US$ in thousands	2,496,600	2,593,900	2,707,300	2,339,800	2,181,200
Revenue	US$ in thousands	2,037,800	1,957,400	2,134,300	2,189,200	2,045,600
Net profit margin		122.51%	132.52%	126.85%	106.88%	106.63%

May 26, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $2,496,600K ÷ $2,037,800K
= 122.51%

General Mills Inc's net profit margin has shown a fluctuating trend over the past five years. The company's net profit margin was exceptionally high at 122.51% in 2024, indicating that for every dollar of revenue generated, General Mills was able to attain a net profit of $1.22. However, it experienced an even higher net profit margin in the preceding year as compared to 2024, reaching 132.52%. This suggests that the company's profitability relative to its revenue was stronger in 2023.

In 2022, General Mills' net profit margin was 126.85%, which was slightly lower than the preceding year but still at a considerable level. The company saw a notable increase in its profitability in 2021 with a net profit margin of 106.88%, compared to 106.63% in 2020. Despite the fluctuations in the net profit margin over the years, it is evident that General Mills has generally been able to effectively manage its expenses relative to its revenue to achieve a significant level of profitability.