GENERAL MILLS INC GIS
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
38.29
2026-09-04
Market cap
$20.44B
2026-05-31 share count
52-week range
31.75 - 51.33
Valuation FY2025 figures against the last close
P/S1.1x
P/E—
P/FCF12.6x
EV/EBITDA23.2x
Dividend yield6.4%
Diluted EPS-0.16
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -0.16 | 4.12 | 4.34 | 4.36 | 4.46 | 3.81 | 3.59 | 2.92 | 3.69 | 2.82 |
| EPS, diluted | -0.16 | 4.10 | 4.31 | 4.31 | 4.42 | 3.78 | 3.56 | 2.90 | 3.64 | 2.77 |
| Shares, diluted (wtd. avg.) | $537.7M | $557.5M | $579.5M | $601.2M | $612.6M | $619.1M | $613.3M | $605.4M | $585.7M | $598.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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