GIS · General Mills Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.44B | $4.86B | $4.52B | $5.24B | $4.84B | $4.85B | $5.14B | $5.10B | $4.90B | $5.22B |
| Cost of Revenue | $3.07B | $3.17B | $2.98B | $3.31B | $3.20B | $3.16B | $3.37B | $3.39B | $3.13B | $3.52B |
| Gross Profit | $1.37B | $1.69B | $1.53B | $1.93B | $1.64B | $1.69B | $1.77B | $1.71B | $1.77B | $1.71B |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $812.90M | $842.40M | $845.10M | $852.00M | $844.40M | $855.10M | $830.50M | $790.90M | $839.30M | $894.20M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | $138.70M | - | - | $139.60M | - | - | $137.20M | - |
| Operating Income | $524.60M | $728.00M | $1.73B | $1.08B | $891.40M | $831.50M | $811.80M | $910.70M | $930.00M | $799.80M |
| Interest Expense | $128.40M | $125.90M | $132.80M | $124.60M | $136.30M | $123.60M | $117.80M | $121.70M | $117.00M | $91.50M |
| Income Tax | $99.90M | $143.90M | $410.90M | $194.80M | $152.40M | $157.40M | $136.00M | $149.30M | $173.20M | $147.10M |
| Net Income | $303.10M | $413.00M | $1.20B | $795.70M | $625.60M | $579.90M | $595.50M | $670.10M | $673.50M | $605.90M |
| EPS - Basic | $0.57 | $0.78 | $2.22 | $1.43 | $1.14 | $1.03 | $1.03 | $1.18 | $1.15 | $1.01 |
| EPS - Diluted | $0.56 | $0.78 | $2.22 | $1.42 | $1.12 | $1.03 | $1.02 | $1.17 | $1.14 | $1.01 |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $785.50M | $683.40M | $952.90M | $363.90M | $521.30M | $468.10M | $418.00M | $588.60M | $490.90M | $585.50M |
| Accounts Receivable | $1.86B | $1.89B | $1.80B | $1.80B | $1.79B | $1.84B | $1.70B | $1.77B | $1.79B | $1.68B |
| Inventory | $1.76B | $2.05B | $2.05B | $1.91B | $1.81B | $2.00B | $1.90B | $1.83B | $2.23B | $2.17B |
| Accounts Payable | $3.63B | $3.93B | $3.74B | $4.01B | $3.69B | $3.82B | $3.99B | $3.61B | $3.71B | $4.19B |
| Current Assets | $4.89B | $5.07B | $5.24B | $5.28B | $5.26B | $4.81B | $4.58B | $4.65B | $5.11B | $5.18B |
| Total Assets | $32.40B | $32.55B | $33.02B | $33.07B | $32.71B | $31.77B | $31.47B | $30.86B | $31.32B | $31.45B |
| Current Liabilities | $8.69B | $7.71B | $7.96B | $7.86B | $7.88B | $7.29B | $7.03B | $7.06B | $7.07B | $7.54B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | $8.62B |
| Total Liabilities | $23.05B | $23.22B | $23.50B | $23.86B | $23.19B | $22.24B | $21.82B | $21.17B | $20.80B | $20.75B |
| Stockholders' Equity | $9.34B | $9.32B | $9.51B | $9.20B | $9.26B | $9.28B | $9.40B | $9.44B | $10.26B | $10.45B |
| Retained Earnings | $22.53B | $22.55B | $22.79B | $21.92B | $21.64B | $21.21B | $20.97B | $20.42B | $20.16B | $19.84B |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $397.00M | - | - | $624.20M | - | - | $378.10M | - |
| Investing Cash Flow | - | - | $1.69B | - | - | ($148.00M) | - | - | ($135.50M) | - |
| Financing Cash Flow | - | - | ($1.51B) | - | - | ($429.40M) | - | - | ($334.20M) | - |
| CapEx | - | - | $109.50M | - | - | $140.30M | - | - | $141.70M | - |
| Free Cash Flow | - | - | $287.50M | - | - | $483.90M | - | - | $236.40M | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 30.8% | 34.8% | 33.9% | 36.9% | 33.9% | 34.8% | 34.4% | 33.5% | 36.1% | 32.7% |
| Operating margin | 11.8% | 15.0% | 38.2% | 20.6% | 18.4% | 17.2% | 15.8% | 17.9% | 19.0% | 15.3% |
| EBITDA margin | - | - | 41.3% | - | - | 20.0% | - | - | 21.8% | - |
| Net margin | 6.8% | 8.5% | 26.7% | 15.2% | 12.9% | 12.0% | 11.6% | 13.1% | 13.7% | 11.6% |
| Free cash flow margin | - | - | 6.4% | - | - | 10.0% | - | - | 4.8% | - |
| FCF / Net income | - | - | 0.24 | - | - | 0.83 | - | - | 0.35 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 18.3% | 17.3% | 18.7% | 16.3% | 17.4% | 17.6% | 16.2% | 15.5% | 17.1% | 17.1% |
| Effective tax rate | 24.8% | 25.8% | 25.4% | 19.7% | 19.6% | 21.3% | 18.6% | 18.2% | 20.5% | 19.5% |
| Return on assets | 0.9% | 1.3% | 3.6% | 2.4% | 1.9% | 1.8% | 1.9% | 2.2% | 2.2% | 1.9% |
| Return on equity | 3.2% | 4.4% | 12.7% | 8.6% | 6.8% | 6.3% | 6.3% | 7.1% | 6.6% | 5.8% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | 3.4% |
| Liquidity | ||||||||||
| Current ratio | 0.56 | 0.66 | 0.66 | 0.67 | 0.67 | 0.66 | 0.65 | 0.66 | 0.72 | 0.69 |
| Quick ratio | 0.36 | 0.39 | 0.40 | 0.43 | 0.44 | 0.39 | 0.38 | 0.40 | 0.41 | 0.40 |
| Cash ratio | 0.09 | 0.09 | 0.12 | 0.05 | 0.07 | 0.06 | 0.06 | 0.08 | 0.07 | 0.08 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | 0.83 |
| Debt / Assets | - | - | - | - | - | - | - | - | - | 0.27 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 4.1x | 5.8x | 13.0x | 8.7x | 6.5x | 6.7x | 6.9x | 7.5x | 7.9x | 8.7x |
| Equity multiplier | 3.47 | 3.49 | 3.47 | 3.59 | 3.53 | 3.43 | 3.35 | 3.27 | 3.05 | 3.01 |
| Liabilities / Assets | 0.71 | 0.71 | 0.71 | 0.72 | 0.71 | 0.70 | 0.69 | 0.69 | 0.66 | 0.66 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | 0.15 | 0.14 | 0.16 | 0.15 | 0.15 | 0.16 | 0.17 | 0.16 | 0.17 |
| Inventory turnover | 1.75 | 1.54 | 1.45 | 1.73 | 1.77 | 1.58 | 1.78 | 1.86 | 1.41 | 1.62 |
| Days sales outstanding | 153d | 142d | 146d | 125d | 135d | 139d | 120d | 127d | 133d | 118d |
| Days inventory outstanding | 209d | 236d | 251d | 211d | 206d | 231d | 205d | 197d | 260d | 226d |
| Days payable outstanding | 432d | 453d | 457d | 442d | 421d | 442d | 431d | 389d | 432d | 435d |
| Cash conversion cycle | -71d | -75d | -61d | -106d | -79d | -72d | -106d | -65d | -39d | -92d |
| Valuation | ||||||||||
| P / E | 79.7x | 62.0x | 22.6x | 37.6x | 54.5x | 68.8x | 67.0x | 55.8x | 60.0x | 83.3x |
| P / B | 2.6x | 2.8x | 2.9x | 3.3x | 3.7x | 4.3x | 4.2x | 4.0x | 3.9x | 4.8x |
| P / S | 5.4x | 5.3x | 6.0x | 5.7x | 7.0x | 8.2x | 7.8x | 7.3x | 8.2x | 9.7x |
| EV / EBITDA | - | - | 14.1x | - | - | 40.6x | - | - | 37.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -8.4% | -7.2% | -6.8% | 2.0% | -5.0% | -1.2% | -1.6% | -0.5% | 4.0% | 3.9% |
| Revenue CAGR (3y) | -4.7% | -2.4% | -1.4% | 1.4% | 2.2% | 2.2% | 2.9% | 4.1% | 4.0% | 5.7% |
| Revenue CAGR (5y) | -0.4% | 0.6% | 0.7% | 3.5% | 3.0% | 3.9% | - | 4.0% | - | - |
| Gross profit growth (YoY) | -16.6% | -12.4% | -9.2% | 9.4% | -4.0% | -4.6% | 3.6% | 2.6% | 22.3% | 4.5% |
| Operating income growth (YoY) | -41.1% | -32.5% | 107.6% | 32.8% | -2.1% | -10.6% | 1.5% | 24.7% | -14.3% | -0.0% |
| Net income growth (YoY) | -51.6% | -48.1% | 107.7% | 33.6% | -6.6% | -13.9% | -1.7% | 21.2% | -17.9% | 1.5% |
| EPS growth (YoY) | -50.0% | -45.1% | 115.5% | 39.2% | -4.3% | -9.6% | 1.0% | 27.2% | -15.6% | 4.1% |
| EPS CAGR (3y) | -15.3% | -8.3% | 18.0% | 13.5% | 1.2% | 0.3% | -2.8% | 6.8% | 3.4% | 2.1% |
| EPS CAGR (5y) | -10.2% | -6.8% | 16.6% | 8.4% | 8.6% | 3.9% | 12.3% | 9.6% | 11.9% | 6.4% |
| FCF growth (YoY) | - | - | -40.6% | - | - | 104.7% | - | - | -20.6% | - |
| FCF CAGR (5y) | - | - | -9.2% | - | - | -0.7% | - | - | -13.7% | - |
| Book value growth (YoY) | 0.9% | 1.3% | 2.5% | -2.1% | -1.8% | -9.6% | -10.1% | -7.8% | -3.0% | -0.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-05-25.
Business segments
$31.38B totalNorth America Retail Segment$11.91B · 37.9%
United States Meals And Baking Operating Unit$4.24B · 13.5%
United States Cereal Operating Unit$3.44B · 11.0%
United States Snacks Operating Unit$3.36B · 10.7%
International$2.80B · 8.9%
North America Pet Segment$2.47B · 7.9%
North America Foodservice$2.30B · 7.3%
Canada Operating Unit$871.90M · 2.8%
Product / service
$19.49B totalSnacks$4.19B · 21.5%
Cereal$3.08B · 15.8%
Convenient Meals$2.82B · 14.5%
Pet Segment$2.59B · 13.3%
Dough$2.38B · 12.2%
Baking Mixes And Ingredients$1.94B · 10.0%
Yogurt$1.39B · 7.1%
Super Premium Ice Cream$721.60M · 3.7%
Vegetables And Other$381.10M · 2.0%
Geographic
$19.49B totalUS$15.78B · 81.0%
Non Us$3.71B · 19.0%
Peer comparison
Same SIC group: Grain Mill Products
Comparing GENERAL MILLS INC against the 5 most active filers in the same SIC group.
Dividends
$2.44/share trailing 12 months · +1.7% YoY
| Ex-date | Per share |
|---|---|
| Apr 10, 2026 | $0.6100 |
| Jan 9, 2026 | $0.6100 |
| Oct 10, 2025 | $0.6100 |
| Jul 10, 2025 | $0.6100 |
| Apr 10, 2025 | $0.6000 |
| Jan 10, 2025 | $0.6000 |
| Oct 10, 2024 | $0.6000 |
| Jul 10, 2024 | $0.6000 |
| Apr 9, 2024 | $0.5900 |
| Jan 9, 2024 | $0.5900 |
| Oct 6, 2023 | $0.5900 |
| Jul 7, 2023 | $0.5900 |
| Apr 6, 2023 | $0.5400 |
| Jan 9, 2023 | $0.5400 |
| Oct 6, 2022 | $0.5400 |
| Jul 7, 2022 | $0.5400 |
| Apr 7, 2022 | $0.5100 |
| Jan 7, 2022 | $0.5100 |
| Oct 7, 2021 | $0.5100 |
| Jul 8, 2021 | $0.5100 |
| Apr 8, 2021 | $0.5100 |
| Jan 7, 2021 | $0.5100 |
| Oct 8, 2020 | $0.5100 |
| Jul 9, 2020 | $0.4900 |