General Mills Inc (GIS)
Pretax margin
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | May 26, 2024 | Feb 29, 2024 | Feb 25, 2024 | Nov 30, 2023 | Nov 26, 2023 | Aug 31, 2023 | Aug 27, 2023 | May 31, 2023 | May 28, 2023 | Feb 28, 2023 | Feb 26, 2023 | Nov 30, 2022 | Nov 27, 2022 | Aug 31, 2022 | Aug 28, 2022 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,134,500 | 3,059,000 | 2,899,500 | 2,997,100 | 3,034,600 | 3,072,600 | 3,095,000 | 3,122,300 | 3,145,600 | 3,169,700 | 2,993,200 | 2,807,900 | 2,800,500 | 2,797,900 | 3,164,000 | 3,538,700 | 3,749,300 | 3,953,600 | 3,689,900 | 3,437,300 |
| Revenue (ttm) | US$ in thousands | 19,644,300 | 19,638,700 | 19,497,800 | 19,627,200 | 20,052,700 | 20,237,700 | 20,043,200 | 19,853,400 | 19,744,000 | 19,857,000 | 20,078,200 | 20,331,800 | 20,522,500 | 20,517,100 | 20,108,800 | 20,128,300 | 19,798,800 | 19,665,300 | 19,485,400 | 19,045,900 |
| Pretax margin | 15.96% | 15.58% | 14.87% | 15.27% | 15.13% | 15.18% | 15.44% | 15.73% | 15.93% | 15.96% | 14.91% | 13.81% | 13.65% | 13.64% | 15.73% | 17.58% | 18.94% | 20.10% | 18.94% | 18.05% |
February 28, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,134,500K ÷ $19,644,300K
= 15.96%
General Mills Inc's pretax margin has shown some fluctuations over the past few years. The pretax margin, which represents the percentage of revenue retained after deducting all expenses except for income taxes, stood at 18.05% as of May 31, 2022, and gradually increased to a peak of 20.10% by August 31, 2022. However, there was a slight decline to 17.58% by November 30, 2022, before further decreasing to 13.64% by February 28, 2023.
The pretax margin continued to fluctuate within a range, with some improvements and declines, reaching the lowest point of 13.65% by May 28, 2023. There was a gradual recovery in the pretax margin, with figures increasing to 15.93% by November 26, 2023, and remaining relatively stable around the 15% mark throughout the following periods.
General Mills Inc's pretax margin stood at 15.18% as of February 29, 2024, before showing a slight increase to 15.27% by May 31, 2024. However, there was a slight decline to 14.87% by August 31, 2024, followed by an increase to 15.58% by November 30, 2024. As of February 28, 2025, General Mills Inc's pretax margin stood at 15.96%.
Overall, the company's pretax margin has experienced fluctuations but has generally been maintained at a reasonable level, indicating efficient cost management and operational performance.
Peer comparison
Feb 28, 2025