Net Profit Margin
since 2005
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General Mills Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
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Calculation
General Mills Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net earnings attributable to General Mills1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| May 26, 2019 | = | 100 | × | ÷ | |||
| May 27, 2018 | = | 100 | × | ÷ | |||
| May 28, 2017 | = | 100 | × | ÷ | |||
| May 29, 2016 | = | 100 | × | ÷ | |||
| May 31, 2015 | = | 100 | × | ÷ | |||
| May 25, 2014 | = | 100 | × | ÷ | |||
| May 26, 2013 | = | 100 | × | ÷ | |||
| May 27, 2012 | = | 100 | × | ÷ | |||
| May 29, 2011 | = | 100 | × | ÷ | |||
| May 30, 2010 | = | 100 | × | ÷ | |||
| May 31, 2009 | = | 100 | × | ÷ | |||
| May 25, 2008 | = | 100 | × | ÷ | |||
| May 27, 2007 | = | 100 | × | ÷ | |||
| May 28, 2006 | = | 100 | × | ÷ | |||
| May 29, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
1 US$ in thousands
- Net Earnings Attributable to General Mills
- The net earnings demonstrate notable fluctuation over the observed period. Initially, earnings increase from $1.24 billion in 2005 to a peak of $1.80 billion in 2011, followed by a decline to $1.22 billion in 2015. The earnings recover subsequently, reaching the highest level observed of $2.13 billion in 2018 before decreasing to $1.75 billion in 2019. This pattern indicates episodic earnings volatility with periods of substantial growth interrupted by declines.
- Net Sales
- Net sales exhibit a generally upward trend from $11.24 billion in 2005 to a peak of $17.91 billion in 2014. Following this peak, sales decline progressively over the next three years, reaching $15.62 billion in 2017. A mild recovery is observed in the final two years, with sales increasing to $16.87 billion by 2019. Overall, sales growth is evident until the mid-2010s, succeeded by a period of sales contraction and a marginal rebound.
- Net Profit Margin
- The net profit margin shows variability throughout the timeframe. Starting at 11.03% in 2005, it decreases to its lowest point of 6.93% in 2015, suggesting a period of diminished profitability relative to sales. After 2015, the margin improves significantly, reaching a peak of 13.54% in 2018. By 2019, the margin declines slightly to 10.39%. The trend reveals challenges in maintaining profitability during the mid-decade years, with a strong recovery in the latter part of the period.
- Summary of Trends
- The financial data indicates that net sales and net earnings are correlated, both peaking around 2014-2018 before experiencing some declines. Despite sales contraction between 2014 and 2017, profit margins and net earnings recovered sharply after 2015, suggesting improvements in operational efficiency or cost management. The volatility in net earnings and margins underscores a dynamic operating environment, while the overall upward trajectory in sales over the 15-year period signifies growth, albeit with some recent pressures.
Comparison to Competitors
General Mills Inc., net profit margin, long-term trends, comparison to competitors
| General Mills Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| May 26, 2019 | |||||
| May 27, 2018 | |||||
| May 28, 2017 | |||||
| May 29, 2016 | |||||
| May 31, 2015 | |||||
| May 25, 2014 | |||||
| May 26, 2013 | |||||
| May 27, 2012 | |||||
| May 29, 2011 | |||||
| May 30, 2010 | |||||
| May 31, 2009 | |||||
| May 25, 2008 | |||||
| May 27, 2007 | |||||
| May 28, 2006 | |||||
| May 29, 2005 |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
Comparison to Sector (Food, Beverage & Tobacco)
General Mills Inc., net profit margin, long-term trends, comparison to sector (food, beverage & tobacco)
| General Mills Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| May 26, 2019 | ||
| May 27, 2018 | ||
| May 28, 2017 | ||
| May 29, 2016 | ||
| May 31, 2015 | ||
| May 25, 2014 | ||
| May 26, 2013 | ||
| May 27, 2012 | ||
| May 29, 2011 | ||
| May 30, 2010 | ||
| May 31, 2009 | ||
| May 25, 2008 | ||
| May 27, 2007 | ||
| May 28, 2006 | ||
| May 29, 2005 |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
Comparison to Industry (Consumer Staples)
General Mills Inc., net profit margin, long-term trends, comparison to industry (consumer staples)
| General Mills Inc. | Consumer Staples | |
|---|---|---|
| May 26, 2019 | ||
| May 27, 2018 | ||
| May 28, 2017 | ||
| May 29, 2016 | ||
| May 31, 2015 | ||
| May 25, 2014 | ||
| May 26, 2013 | ||
| May 27, 2012 | ||
| May 29, 2011 | ||
| May 30, 2010 | ||
| May 31, 2009 | ||
| May 25, 2008 | ||
| May 27, 2007 | ||
| May 28, 2006 | ||
| May 29, 2005 |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).