GIS General Mills margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 21

Gross margin

33.6%

Operating margin

-1.1%

EBITDA margin

1.8%

Net margin

-4.9%

General Mills reports a gross margin of 33.6%, an operating margin of -1.1%, an EBITDA margin of 1.8%, and a net margin of -4.9%, while its operating margin is negative at -1.1%, and its net margin is negative at -4.9%. All measured margins weakened year over year, led by EBITDA margin with a decline of 23.4 percentage points.

GIS margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, General Mills's margins averaged 34.33% gross, 15.5% operating, 18.73% EBITDA, and 10.23% net. All four current margins are below their three-year averages.

GIS margin expansion

Year-over-year margin changes in percentage points

The strongest decline was in EBITDA margin, which fell by 23.4 percentage points. The other available margins also declined.

Gross margin expansion

-0.7pp

Operating margin expansion

-23pp

EBITDA margin expansion

-23.4pp

Net margin expansion

-20.1pp

GIS Gross margin

Over the last 3 years, General Mills's gross margin averaged 34.33%. At present, General Mills's current gross margin is 33.6%, which is 0.7 percentage points below its three-year average. During this period, gross margin reached a high of 35.4% in Feb 2025 and a low of 33% in Feb 2026.

GIS Operating margin

General Mills's operating margin averaged 15.5% across the past 3 years. As of the latest period, General Mills's current operating margin is -1.1%, which is 16.6 percentage points below its three-year average. Over the last 3 years, General Mills's operating margin peaked at 21.9% in Aug 2025 and reached a low of -1.1% in Aug 2026.

GIS EBITDA margin

Over the last 3 years, General Mills's EBITDA margin averaged 18.73%. The current EBITDA margin of 1.8% is 16.9 percentage points below its three-year average. During this period, EBITDA margin reached a high of 25.2% in Aug 2025 and a low of 1.8% in Aug 2026.

GIS Net margin

Across the last 3 years, General Mills's net margin averaged 10.23%. General Mills's current net margin is -4.9% and is 15.1 percentage points below its three-year average. Net margin was highest at 15.2% in Aug 2025 and lowest at -4.9% in Aug 2026.

GIS margin group comparison

Margins compared with peer-group, industry and sector averages

General Mills's gross margin of 33.6% is above the industry and its peers average but below the Consumer Defensive sector average. Compared to its Consumer Defensive sector average of 36.6%, General Mills's gross margin is 8% lower.

GIS margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is General Mills's gross margin?

As of Aug 30, 2026, GIS has a gross margin of 33.6%.

What is General Mills's operating margin?

As of Aug 30, 2026, GIS has a negative operating margin of -1.1%.

What is General Mills's EBITDA margin?

As of Aug 30, 2026, GIS has an EBITDA margin of 1.8%.

What is General Mills's net margin?

For the period ending Aug 30, 2026, GIS recorded a net margin of -4.9%.

What are the average margins of GIS?

General Mills's gross, operating, EBITDA, and net margins averaged 34.3% gross, 15.5% operating, 18.7% EBITDA, and 10.2% net over the last 3 years.

What are the highest historical margins of GIS?

Over the last 5 years, General Mills's highest margins were 35.4% gross in Feb 2025, 21.9% operating in Aug 2025, 25.2% EBITDA in Aug 2025, and 15.2% net in Aug 2025.

What are the lowest historical margins of GIS?

Over this 5-year history, General Mills's margins fell as low as 32.6% gross in Aug 2022, -1.1% operating in Aug 2026, 1.8% EBITDA in Aug 2026, and -4.9% net in Aug 2026.