General Mills Inc (GIS)
Operating profit margin
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,431,700 | 3,433,800 | 3,475,800 | 3,144,800 | 2,953,900 |
| Revenue | US$ in thousands | 2,037,800 | 1,957,400 | 2,134,300 | 2,189,200 | 2,045,600 |
| Operating profit margin | 168.40% | 175.43% | 162.85% | 143.65% | 144.40% |
May 26, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,431,700K ÷ $2,037,800K
= 168.40%
General Mills Inc's operating profit margin has shown variability over the past five years. In 2024, the operating profit margin was 168.40%, a decrease from the previous year's margin of 175.43%. This downward trend follows a peak in 2023. However, the company's operating profit margin in 2024 remained relatively high compared to the margins in 2022, 2021, and 2020, which were 162.85%, 143.65%, and 144.40% respectively. Despite the slight decline in 2024, General Mills Inc continues to maintain a healthy operating profit margin, indicating efficient cost management and profitability in its operations.
Peer comparison
May 26, 2024