Company / Gross Margin
General Mills Gross Margin History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
35.2%
FY2024
5-year range
35.2% / 86.9%
FY2020-FY2024
Trend
-59.5%
vs FY2023
Sector context
#29 of 60
Consumer Staples
What the data says
At 35.2%, General Mills's gross margin ranks #29 of 60 in the Consumer Staples sector. Gross Margin has fluctuated over the past 9 years, ranging from 8.3% in FY2017 to 86.9% in FY2023.
Based on SEC 10-K filings.
35.2% in FY2024 with a 5-year CAGR of -32.7%.
Declined from 74.0% to 35.2% over the past 2 years.
Consumer Staples sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- -39.6pp
- 5-Year Change
- -32.7pp
- 10-Year Change
- -
Sector benchmark
#29 of 60 in Consumer StaplesTop 48% of 60This company 35.2% Sector average 34.4%
▼
+2.3% above sector average
Key checks
Key Insights
- In FY2024, gross margin decreased 59.5% year-over-year.
- Currently 0.8pp above the Consumer Staples sector average.
- Peak gross margin was recorded in FY2023.
- Lowest gross margin in the period was in FY2017.
Company context
Key Data Points
- Altman Z-Score 0.81 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | 35.2% | -59.5% |
| FY2023 | 86.9% | +17.5% |
| FY2022 | 74.0% | -1.2% |
| FY2021 | 74.8% | +3.0% |
| FY2020 | 72.7% | +6.9% |
| FY2019 | 67.9% | +3.4% |
| FY2018 | 65.7% | +689.7% |
| FY2017 | 8.3% | -8.3% |
| FY2016 | 9.1% | -3.4% |
As of FY2024 · SEC 10-K · Updated Mar 8, 2026