Stock Analysis on Net

General Mills Inc. (NYSE:GIS)

This company has been moved to the archive! The financial data has not been updated since December 18, 2019.

Analysis of Profitability Ratios 
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

General Mills Inc., profitability ratios (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
Return on Sales
Gross profit margin 34.93% 34.60% 34.13% 34.44% 33.95% 33.99% 34.48% 34.03% 34.56% 35.25% 35.62% 35.71% 35.55% 35.00% 35.20% 35.24% 34.64% 34.52% 33.74% 33.59% 34.31% 34.80% 35.57%
Operating profit margin 16.93% 15.36% 14.92% 14.23% 14.14% 15.47% 15.94% 16.33% 16.11% 16.45% 16.43% 15.81% 15.88% 16.42% 16.35% 15.35% 14.75% 12.54% 11.78% 13.26% 14.00% 15.61% 16.51%
Net profit margin 12.62% 11.21% 10.39% 9.26% 12.48% 13.19% 13.54% 13.96% 10.29% 10.68% 10.61% 10.34% 10.23% 10.33% 10.25% 8.89% 8.60% 7.41% 6.93% 8.17% 8.54% 9.61% 10.19%
Return on Investment
Return on equity (ROE) 27.47% 25.48% 24.85% 22.18% 30.54% 34.03% 34.70% 44.01% 37.86% 42.35% 38.30% 40.07% 39.04% 34.22% 34.43% 30.78% 30.98% 26.32% 24.44% 26.45% 26.56% 27.58% 27.92%
Return on assets (ROA) 6.96% 6.21% 5.82% 5.07% 6.69% 6.93% 6.96% 9.83% 7.22% 7.44% 7.60% 7.51% 7.56% 7.67% 7.82% 6.96% 6.88% 5.84% 5.56% 6.15% 6.22% 7.32% 7.88%

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. General Mills Inc. gross profit margin ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. General Mills Inc. operating profit margin ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. General Mills Inc. net profit margin ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. General Mills Inc. ROE improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
ROA A profitability ratio calculated as net income divided by total assets. General Mills Inc. ROA improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Gross Profit Margin

General Mills Inc., gross profit margin calculation (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
Selected Financial Data (US$ in thousands)
Gross margin 1,569,100 1,389,500 1,461,300 1,443,000 1,509,700 1,342,800 1,419,100 1,255,300 1,443,000 1,310,100 1,319,700 1,307,700 1,519,500 1,416,900 1,376,800 1,357,500 1,540,600 1,554,600 1,515,500 1,375,900 1,619,100 1,438,700 1,482,400 1,512,700 1,761,700 1,613,000
Net sales 4,420,800 4,002,500 4,161,700 4,198,300 4,411,200 4,094,000 3,890,200 3,882,300 4,198,700 3,769,200 3,806,600 3,793,200 4,112,100 3,907,900 3,927,900 4,002,400 4,424,900 4,207,900 4,298,800 4,350,900 4,712,200 4,268,400 4,283,800 4,377,400 4,875,700 4,372,700
Profitability Ratio
Gross profit margin1 34.93% 34.60% 34.13% 34.44% 33.95% 33.99% 34.48% 34.03% 34.56% 35.25% 35.62% 35.71% 35.55% 35.00% 35.20% 35.24% 34.64% 34.52% 33.74% 33.59% 34.31% 34.80% 35.57%
Benchmarks
Gross Profit Margin, Competitors2
Altria Group Inc. 49.79% 49.43% 50.62%
Coca-Cola Co. 60.04% 60.66% 60.77%
PepsiCo Inc. 55.28% 55.15% 55.13%
Philip Morris International Inc. 65.83% 65.41% 64.73%

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

1 Q2 2020 Calculation
Gross profit margin = 100 × (Gross marginQ2 2020 + Gross marginQ1 2020 + Gross marginQ4 2019 + Gross marginQ3 2019) ÷ (Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019)
= 100 × (1,569,100 + 1,389,500 + 1,461,300 + 1,443,000) ÷ (4,420,800 + 4,002,500 + 4,161,700 + 4,198,300) = 34.93%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. General Mills Inc. gross profit margin ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Operating Profit Margin

General Mills Inc., operating profit margin calculation (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
Selected Financial Data (US$ in thousands)
Operating profit 811,200 662,400 716,100 651,300 547,000 601,500 561,000 592,700 729,800 625,800 609,200 542,500 768,900 645,800 532,100 586,300 905,700 683,300 423,600 537,200 559,000 557,500 681,900 670,600 870,100 734,800
Net sales 4,420,800 4,002,500 4,161,700 4,198,300 4,411,200 4,094,000 3,890,200 3,882,300 4,198,700 3,769,200 3,806,600 3,793,200 4,112,100 3,907,900 3,927,900 4,002,400 4,424,900 4,207,900 4,298,800 4,350,900 4,712,200 4,268,400 4,283,800 4,377,400 4,875,700 4,372,700
Profitability Ratio
Operating profit margin1 16.93% 15.36% 14.92% 14.23% 14.14% 15.47% 15.94% 16.33% 16.11% 16.45% 16.43% 15.81% 15.88% 16.42% 16.35% 15.35% 14.75% 12.54% 11.78% 13.26% 14.00% 15.61% 16.51%
Benchmarks
Operating Profit Margin, Competitors2
Altria Group Inc. 41.04% 40.34% 41.12%
Coca-Cola Co. 26.29% 26.98% 27.06%
PepsiCo Inc. 14.48% 14.98% 15.32%
Philip Morris International Inc. 37.09% 37.31% 35.33%

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

1 Q2 2020 Calculation
Operating profit margin = 100 × (Operating profitQ2 2020 + Operating profitQ1 2020 + Operating profitQ4 2019 + Operating profitQ3 2019) ÷ (Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019)
= 100 × (811,200 + 662,400 + 716,100 + 651,300) ÷ (4,420,800 + 4,002,500 + 4,161,700 + 4,198,300) = 16.93%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. General Mills Inc. operating profit margin ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Net Profit Margin

General Mills Inc., net profit margin calculation (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
Selected Financial Data (US$ in thousands)
Net earnings attributable to General Mills 580,800 520,600 570,200 446,800 343,400 392,300 354,400 941,400 430,500 404,700 408,900 357,800 481,800 409,000 379,600 361,700 529,500 426,600 186,800 343,200 346,100 345,200 404,600 410,600 549,900 459,300
Net sales 4,420,800 4,002,500 4,161,700 4,198,300 4,411,200 4,094,000 3,890,200 3,882,300 4,198,700 3,769,200 3,806,600 3,793,200 4,112,100 3,907,900 3,927,900 4,002,400 4,424,900 4,207,900 4,298,800 4,350,900 4,712,200 4,268,400 4,283,800 4,377,400 4,875,700 4,372,700
Profitability Ratio
Net profit margin1 12.62% 11.21% 10.39% 9.26% 12.48% 13.19% 13.54% 13.96% 10.29% 10.68% 10.61% 10.34% 10.23% 10.33% 10.25% 8.89% 8.60% 7.41% 6.93% 8.17% 8.54% 9.61% 10.19%
Benchmarks
Net Profit Margin, Competitors2
Altria Group Inc. -3.57% -3.33% -5.15%
Coca-Cola Co. 26.77% 26.95% 23.94%
PepsiCo Inc. 10.13% 10.62% 10.89%
Philip Morris International Inc. 24.98% 25.35% 24.11%

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

1 Q2 2020 Calculation
Net profit margin = 100 × (Net earnings attributable to General MillsQ2 2020 + Net earnings attributable to General MillsQ1 2020 + Net earnings attributable to General MillsQ4 2019 + Net earnings attributable to General MillsQ3 2019) ÷ (Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019)
= 100 × (580,800 + 520,600 + 570,200 + 446,800) ÷ (4,420,800 + 4,002,500 + 4,161,700 + 4,198,300) = 12.62%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. General Mills Inc. net profit margin ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Return on Equity (ROE)

General Mills Inc., ROE calculation (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
Selected Financial Data (US$ in thousands)
Net earnings attributable to General Mills 580,800 520,600 570,200 446,800 343,400 392,300 354,400 941,400 430,500 404,700 408,900 357,800 481,800 409,000 379,600 361,700 529,500 426,600 186,800 343,200 346,100 345,200 404,600 410,600 549,900 459,300
Stockholders’ equity 7,712,300 7,382,800 7,054,500 6,930,400 6,651,800 6,225,100 6,141,100 4,965,600 4,230,700 3,903,800 4,327,900 4,063,400 4,180,600 4,908,300 4,930,200 4,888,800 4,797,000 4,949,100 4,996,700 5,441,200 5,672,300 6,202,300 6,534,800 6,307,700 6,633,400 6,824,300
Profitability Ratio
ROE1 27.47% 25.48% 24.85% 22.18% 30.54% 34.03% 34.70% 44.01% 37.86% 42.35% 38.30% 40.07% 39.04% 34.22% 34.43% 30.78% 30.98% 26.32% 24.44% 26.45% 26.56% 27.58% 27.92%
Benchmarks
ROE, Competitors2
Altria Group Inc. -16.07% -13.16% -20.78%
Coca-Cola Co. 52.56% 55.17% 46.99%
PepsiCo Inc. 54.84% 53.76% 49.47%
Philip Morris International Inc.

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

1 Q2 2020 Calculation
ROE = 100 × (Net earnings attributable to General MillsQ2 2020 + Net earnings attributable to General MillsQ1 2020 + Net earnings attributable to General MillsQ4 2019 + Net earnings attributable to General MillsQ3 2019) ÷ Stockholders’ equity
= 100 × (580,800 + 520,600 + 570,200 + 446,800) ÷ 7,712,300 = 27.47%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. General Mills Inc. ROE improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Return on Assets (ROA)

General Mills Inc., ROA calculation (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
Selected Financial Data (US$ in thousands)
Net earnings attributable to General Mills 580,800 520,600 570,200 446,800 343,400 392,300 354,400 941,400 430,500 404,700 408,900 357,800 481,800 409,000 379,600 361,700 529,500 426,600 186,800 343,200 346,100 345,200 404,600 410,600 549,900 459,300
Total assets 30,452,400 30,313,200 30,111,200 30,285,800 30,384,000 30,554,800 30,624,000 22,240,600 22,191,500 22,209,600 21,812,600 21,670,300 21,602,100 21,913,100 21,712,300 21,631,600 21,588,700 22,322,900 21,964,500 23,383,100 24,203,700 23,372,800 23,145,700 22,925,000 23,152,100 22,944,600
Profitability Ratio
ROA1 6.96% 6.21% 5.82% 5.07% 6.69% 6.93% 6.96% 9.83% 7.22% 7.44% 7.60% 7.51% 7.56% 7.67% 7.82% 6.96% 6.88% 5.84% 5.56% 6.15% 6.22% 7.32% 7.88%
Benchmarks
ROA, Competitors2
Altria Group Inc. -1.82% -1.64% -2.62%
Coca-Cola Co. 9.70% 10.65% 10.33%
PepsiCo Inc. 7.65% 8.51% 9.31%
Philip Morris International Inc. 18.60% 20.42% 16.76%

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

1 Q2 2020 Calculation
ROA = 100 × (Net earnings attributable to General MillsQ2 2020 + Net earnings attributable to General MillsQ1 2020 + Net earnings attributable to General MillsQ4 2019 + Net earnings attributable to General MillsQ3 2019) ÷ Total assets
= 100 × (580,800 + 520,600 + 570,200 + 446,800) ÷ 30,452,400 = 6.96%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. General Mills Inc. ROA improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.