GENERAL MILLS INC GIS

Consumer staples SIC 2040 - Grain Mill Products NAICS Manufacturing › Food Manufacturing derived NYSE

For 160 years, General Mills has been making food the world loves. We are a leading global manufacturer and marketer of branded

consumer foods with more than 100 brands in 100 countries across six continents. In addition to our consolidated operations, we have

50 percent interests in two strategic joint ventures that manufacture and market food products sold in approximately 120 countries

worldwide.

Last close 34.39 2026-10-23
Market cap $18.35B 2026-05-31 share count
52-week range 31.18 - 49.59

Valuation FY2025 figures against the last close

P/S1.0x
P/E—
P/FCF11.3x
EV/EBITDA21.8x
Dividend yield7.2%
Diluted EPS-0.16

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Non-United States
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 14.7B (79.8%) 80% United States Non-United States, FY2025: 3.7B (20.2%) 20% Non-United States FY2024 United States, FY2024: 15.8B (81.0%) 81% Non-United States, FY2024: 3.7B (19.0%) 19% FY2023 United States, FY2023: 16.1B (80.9%) 81% Non-United States, FY2023: 3.8B (19.1%) 19%
Region FY2025FY2024FY2023
United States $14.70B $15.78B $16.06B
Non-United States $3.72B $3.71B $3.79B

As the company reported it, from the “BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $18.42B$19.49B$19.86B$20.09B$18.99B$18.13B$17.63B$16.87B$15.74B$15.62B
Cost of revenue $12.23B$12.75B$12.93B$13.55B$12.59B$11.68B$11.50B$11.11B$10.30B$10.05B
Gross profit $6.20B$6.73B$6.93B$6.55B$6.40B$6.45B$6.13B$5.76B$5.44B$5.57B
R&D $256.0M$256.6M$257.8M$257.6M$243.1M$239.3M$224.4M$221.9M$219.1M$218.2M
SG&A $3.39B$3.45B$3.26B$3.50B$3.15B$3.08B$3.15B$2.94B$2.85B$2.89B
Operating income $885.8M$3.30B$3.43B$3.43B$3.48B$3.14B$2.95B$2.52B$2.42B$2.49B
Interest expense —$524.2M$479.2M$382.1M$379.6M$420.3M$466.5M$521.8M$373.7M$295.1M
Pre-tax income $405.5M$2.83B$3.03B$3.14B$3.21B$2.86B$2.60B$2.08B$2.14B$2.27B
Income tax $414.3M$573.7M$594.5M$612.2M$586.3M$629.1M$480.5M$367.8M$57.3M$655.2M
Net income -$85.0M$2.32B$2.52B$2.61B$2.73B$2.34B$2.18B$1.75B$2.13B$1.66B
EPS, basic -0.164.124.344.364.463.813.592.923.692.82
EPS, diluted -0.164.104.314.314.423.783.562.903.642.77
Shares, diluted (wtd. avg.) 537.7M557.5M579.5M601.2M612.6M619.1M613.3M605.4M585.7M598.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $453.8M$363.9M$418.0M$585.5M$569.4M$1.51B$1.68B$450.0M$399.0M$766.1M
Receivables $1.65B$1.80B$1.70B$1.68B$1.69B$1.64B$1.62B$1.68B$1.68B$1.43B
Inventory $1.92B$1.91B$1.90B$2.17B$1.87B$1.82B$1.43B$1.56B$1.64B$1.48B
Total current assets $4.62B$5.28B$4.58B$5.18B$5.09B$5.75B$5.12B$4.19B$4.12B$4.06B
Property, plant and equipment $3.44B$3.63B$3.86B$3.64B$3.39B$3.61B$3.58B$3.79B$4.05B$3.69B
Goodwill $14.12B$15.62B$14.75B$14.51B$14.38B$14.06B$13.92B$14.00B$14.06B$8.75B
Other intangibles $6.72B$7.08B$6.98B$6.97B$7.00B$7.15B$7.10B$7.17B$7.45B$4.53B
Total assets $30.02B$33.07B$31.47B$31.45B$31.09B$31.84B$30.81B$30.11B$30.62B$21.81B
Accounts payable $3.73B$4.01B$3.99B$4.19B$3.98B$3.65B$3.25B$2.85B$2.75B$2.12B
Short-term debt $1.05B$1.53B$11.8M$31.7M$811.4M$361.3M$279.0M$1.47B$1.55B$1.23B
Total current liabilities $6.77B$7.86B$7.03B$7.54B$8.02B$8.27B$7.49B$7.09B$7.34B$5.33B
Long-term debt $12.42B$12.67B————————
Total liabilities $22.64B$23.86B$21.82B$20.75B$20.30B$21.46B$21.91B$22.19B$23.36B$16.22B
Retained earnings $20.51B$21.92B$20.97B$19.84B$18.53B$17.07B$15.98B$15.00B$14.46B$13.14B
Total equity $7.37B$9.20B$9.65B$10.70B$10.79B$9.77B$8.35B$7.37B$6.49B$4.69B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.17B$2.92B$3.30B$2.78B$3.32B$2.98B$3.68B$2.81B$2.84B$2.42B
Depreciation and amortisation $555.2M$539.0M$552.7M$546.6M$570.3M$601.3M$594.7M$620.1M$618.8M$603.6M
Stock-based compensation $79.4M$91.7M$95.3M$111.7M$98.7M$89.9M$94.9M$84.9M$77.0M$95.7M
Capital expenditure $539.9M$625.3M$774.1M$689.5M$568.7M$530.8M$460.8M$537.6M$622.7M$684.4M
Investing cash flow $1.26B-$1.79B-$1.20B-$346.4M-$1.69B-$512.8M-$486.2M-$556.5M-$8.69B-$646.9M
Financing cash flow -$3.31B-$1.18B-$2.27B-$2.40B-$2.50B-$2.72B-$1.94B-$2.18B$5.45B-$1.75B
Dividends paid $1.32B$1.34B$1.36B$1.29B$1.24B$1.25B$1.20B$1.18B$1.14B$1.14B
Buybacks $500.3M$1.20B$2.00B$1.40B$876.8M$301.4M$3.4M$1.1M$601.6M$1.65B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-056619.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B 30B Revenue, FY2016: 15.6B Gross profit, FY2016: 5.6B Net income, FY2016: 1.7B Revenue, FY2017: 15.7B Gross profit, FY2017: 5.4B Net income, FY2017: 2.1B Revenue, FY2018: 16.9B Gross profit, FY2018: 5.8B Net income, FY2018: 1.8B Revenue, FY2019: 17.6B Gross profit, FY2019: 6.1B Net income, FY2019: 2.2B Revenue, FY2020: 18.1B Gross profit, FY2020: 6.4B Net income, FY2020: 2.3B Revenue, FY2021: 19B Gross profit, FY2021: 6.4B Net income, FY2021: 2.7B Revenue, FY2022: 20.1B Gross profit, FY2022: 6.5B Net income, FY2022: 2.6B Revenue, FY2023: 19.9B Gross profit, FY2023: 6.9B Net income, FY2023: 2.5B Revenue, FY2024: 19.5B Gross profit, FY2024: 6.7B Net income, FY2024: 2.3B Revenue, FY2025: 18.4B Gross profit, FY2025: 6.2B Net income, FY2025: -85M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $15.62B $15.74B $16.87B $17.63B $18.13B $18.99B $20.09B $19.86B $19.49B $18.42B
Gross profit $5.57B $5.44B $5.76B $6.13B $6.45B $6.40B $6.55B $6.93B $6.73B $6.20B
Net income $1.66B $2.13B $1.75B $2.18B $2.34B $2.73B $2.61B $2.52B $2.32B -$85.0M

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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