General Mills (GIS) Gross Margin (2009 - 2026)
General Mills (GIS) posted Gross Margin of 34.79% for Q2 2026, up 12.91% sequentially from 30.81% in Q1 2026, and up 243.0% YoY from 10.14% in Q2 2025.
General Mills (GIS) Gross Margin (2009 - 2026) Analysis & Trends
General Mills has reported Gross Margin for 18 years, with the latest figure at 34.79% in Q2 2026.
- Quarterly Gross Margin rose 243.0% year-over-year to 34.79% in Q2 2026, while the trailing twelve-month figure through May 2026 was 33.63% (down 92.0% YoY) and the FY2026 annual result came in at 33.63%, down 92.0% from the prior year.
- Gross Margin advanced to 34.79% in Q2 2026 per GIS's latest filing, from 30.81% in the prior quarter.
- Over five years, Gross Margin peaked at 36.85% in Q4 2024 and troughed at 30.69% in Q3 2022.
- A 5-year average of 33.85% and a median of 34.14% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 450 bps in 2022, then soared 541 bps in 2023.
- Over 5 years, Gross Margin stood at 32.66% in 2022, then increased by 5 bps to 34.36% in 2023, then grew by 7 bps to 36.85% in 2024, then decreased by 6 bps to 34.82% in 2025, then dropped by 0 bps to 34.79% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 34.79%, 30.81%, and 34.82% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | 32.39% |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | 34.79% |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | 40.18% |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 10.79% |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 17.44% |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | 38.01% |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 29.20% |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | 12.92% |
| 10 | Conagra Brands | 7.80 Bn | 7.58 Bn | 704.10 Mn | 24.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 34.79% |
| Feb 22, 2026 | 30.81% |
| Nov 23, 2025 | 34.82% |
| Aug 24, 2025 | 33.93% |
| May 25, 2025 | 32.35% |
| Feb 23, 2025 | 33.85% |
| Nov 24, 2024 | 36.85% |
| Aug 25, 2024 | 34.83% |
| May 26, 2024 | 35.82% |
| Feb 25, 2024 | 33.48% |
| Nov 26, 2023 | 34.36% |
| Aug 27, 2023 | 36.10% |
| May 28, 2023 | 34.36% |
| Feb 26, 2023 | 32.48% |
| Nov 27, 2022 | 32.66% |
| Aug 28, 2022 | 30.69% |
| May 29, 2022 | 36.19% |
| Feb 27, 2022 | 30.93% |
| Nov 28, 2021 | 32.47% |
| Aug 29, 2021 | 35.19% |