General MillsSTU:GRM +1.09%62 Operating Margin % is 12.49% as of Feb. 2026, which is 26% below its 10-year median of 16.89. GuruFocus rates STU:GRM with a GF Score™ of 62/100 and a GF Value™ of €53.61 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 1,951 Consumer Packaged Goods companies, General Mills ranks better than 84.88% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. General Mills's Operating Income for the
three
months ended in Feb. 2026 was €469 Mil. General Mills's Revenue for the
three
months ended in Feb. 2026 was €3,753 Mil. Therefore, General Mills's Operating Margin % for the quarter that ended in Feb. 2026 was 12.49%.
The historical rank and industry rank for General Mills's Operating Margin % or its related term are showing as below:
STU:GRM'
s Operating Margin % Range Over the Past 10 Years
Min: 14.54 Med: 16.89 Max: 18.58
Current: 14.54
STU:GRM's Operating Margin % is ranked better than 84.88% of 1951
companies
in the Consumer Packaged Goods industry
Industry Median: 5.26
vs STU:GRM: 14.54
General Mills's 5-Year Average Operating Margin % Growth Rate was -0.40% per year.
General Mills (STU:GRM) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
General Mills Operating Margin % Related Terms
General Mills Operating Margin % Historical Data
* Premium members only.
The historical data trend for General Mills's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STU:GRM vs JBS, HRL, MKC: Operating Margin % Comparison
For the Packaged Foods subindustry, General Mills's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
General Mills Operating Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Operating Margin % distribution charts can be found below:
* The bar in red indicates where General Mills's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
General Mills's Operating Margin % for the fiscal year that ended in May. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
General Mills (STU:GRM) has a Operating Margin % of 12.49% as of Feb. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on General Mills and its competitors. This is 26% below median its historical median of 16.89. Over the past decade, General Mills' Operating Margin % has ranged from 14.54 to 18.58. According to the industry distribution chart, General Mills ranks #295 out of 1951 companies in the Consumer Packaged Goods industry, placing it in the top 15.1%.
Is General Mills' Operating Margin % too high?
General Mills' current Operating Margin % of 12.49% is 26% below median its 10-year median of 16.89. Over the past 10 years, this metric has ranged from a low of 14.54 to a high of 18.58. The Consumer Packaged Goods industry median Operating Margin % is 5.26. General Mills' value of 12.49% is 137.5% above this industry median. Based on the distribution chart, General Mills ranks #295 out of 1951 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, General Mills has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does General Mills' Operating Margin % compare to JBS and HRL?
According to the Consumer Packaged Goods industry distribution chart, General Mills ranks #295 out of 1951 companies for Operating Margin %. This places General Mills in the top 15% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 5.26. General Mills' value of 12.49% is 137.5% above this benchmark. Historically, General Mills' own Operating Margin % has ranged from 14.54 to 18.58 over the past decade. While the company's 10-year median is 16.89 vs. the industry median of 5.26, General Mills has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Consumer Packaged Goods company?
The median Operating Margin % among Consumer Packaged Goods companies is 5.26, based on 1,951 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. General Mills's current Operating Margin % of 12.49% is 137.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on General Mills and its competitors. For the Consumer Packaged Goods industry, the median Operating Margin % is 5.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Mills's current Operating Margin % is 12.49%, which is 26% below median its own 10-year median of 16.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Mills stock overvalued right now?
Based on GuruFocus' analysis, General Mills (STU:GRM) is currently considered Significantly Undervalued. The stock's GF Value™ is €53.61, compared to a current price of €30.56 — trading 43% below its estimated fair value. The current Operating Margin % is 12.49%, which is 26% below median its 10-year median of 16.89 and 137.5% above the Consumer Packaged Goods industry median of 5.26. General Mills' overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For General Mills (STU:GRM), the current Operating Margin % is 12.49% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is General Mills (STU:GRM) Overvalued in 2026?
Based on GuruFocus' analysis, General Mills stock appears to be undervalued.
The current stock price of €30.56 is trading 43% below its estimated GF Value™ of €53.61.
GuruFocus considers General Mills to be Significantly Undervalued.
Key valuation signals for STU:GRM:
Operating Margin %: 12.49% (26% below median its 10-year median of 16.89)
GF Value™: €53.61 vs. price of €30.56 (43% below fair value)
Industry Position: 137.5% above the Consumer Packaged Goods median (#295 of 1951)
No single metric tells the full story. See the STU:GRM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
General Mills is a global packaged-food company that produces snacks, cereal, convenient meals, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2025, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. Although most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.
62GF Score
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