General Mills
GIS NYSE· Packaged Foods & Meats
Last close · Oct 26, 2026
$33.70
KIRA · Stoqly’s AI analyst, in plain words
- General Mills had $18.4B of revenue in fiscal 2026, down 5.5% on the year before. Over five years, revenue changed +0.3% a year on average.
- Its operating margin was 4.8%, down 12.2 pts: of every 100 in sales, about 5 is left after running the business.
- General Mills lost $87.6M in fiscal 2026.
- Free cash flow was $1.6B in fiscal 2026, 8.8% of revenue.
- General Mills returned $1.8B to shareholders in fiscal 2026, 112% of free cash flow. The diluted share count fell 3.6%.
- General Mills owes $13.1B more than it holds in cash, about 9.1 years of operating profit.
Market cap
$18.1B
P/E
—
Revenue
$18.4B
Net income
−$87.6M
Free cash flow
$1.6B
Operating margin
4.8%
General Mills in 30 seconds · fiscal 2026
Are sales growing?
−5.5%
No. Sales fell 5.5% last year.
Does it make a profit?
−0.5%
No. It lost money last year.
Does profit turn into cash?
8.8%
Partly. 8.8% of sales ends up as free cash.
Is debt under control?
9.1x
Heavy. Repaying its debt would take 9.1 years of operating profit.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
What General Mills does
General Mills makes and sells packaged foods and pet food. It has more than 100 brands, sold in about 100 countries. Its main categories are snacks, ready-to-eat cereal, convenient meals, natural pet food, refrigerated and frozen dough, baking mixes and super-premium ice cream. Brands named in its 10-K include Betty Crocker, Bisquick, Annie's and Blue Buffalo. The company sells mainly to grocery stores, mass merchandisers, membership stores, drug and dollar chains, e-commerce retailers, foodservice distributors and restaurants. It reports four segments: North America Retail, International, North America Pet and North America Foodservice. Walmart is its largest customer, at 22 percent of consolidated net sales and 31 percent of North America Retail sales. General Mills also holds 50 percent interests in two joint ventures: Cereal Partners Worldwide with Nestlé, which sells cereal outside North America, and Häagen-Dazs Japan.
Biggest risks, in its own words
- Strong competition, including from lower-priced store brands, that could hurt its sales and profit margins.
- Its reliance on a few large retail customers, with Walmart the biggest, as grocery chains consolidate.
- Swings in the prices of grains, packaging, energy and other inputs it relies on.
- Product safety or quality concerns that make shoppers lose confidence in its products or brands.
- Fiscal year ends
- May 31, 2026
- Latest annual report
- 10-K · Jul 1, 2026
- Legal name
- GENERAL MILLS, INC.
- CIK
- 0000040704
General Mills · GIS
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $19.0B | $20.1B | $19.9B | $19.5B | $18.4B |
| Revenue growth | 4.8% | 5.8% | −1.2% | −1.9% | −5.5% |
| Gross margin | 33.7% | 32.6% | 34.9% | 34.6% | 33.6% |
| Operating margin | 18.3% | 17.1% | 17.3% | 17.0% | 4.8% |
| Net income | $2.7B | $2.6B | $2.5B | $2.3B | −$87.6M |
| Net margin | 14.3% | 12.9% | 12.6% | 11.8% | −0.5% |
| Diluted EPS | $4.42 | $4.31 | $4.31 | $4.10 | −$0.16 |
| Cash | |||||
| Cash from operations | $3.3B | $2.8B | $3.3B | $2.9B | $2.2B |
| Capital expenditure | $569M | $690M | $774M | $625M | $540M |
| Free cash flow | $2.7B | $2.1B | $2.5B | $2.3B | $1.6B |
| FCF margin | 14.5% | 10.4% | 12.7% | 11.8% | 8.8% |
| Dividends paid | $1.2B | $1.3B | $1.4B | $1.3B | $1.3B |
| Share buybacks | $877M | $1.4B | $2.0B | $1.2B | $500M |
| Share count change | −1.1% | −1.9% | −3.6% | −3.8% | −3.6% |
| Debt and strength | |||||
| Cash and short-term investments | $569M | $586M | $418M | $364M | $454M |
| Debt incl. finance leases | $11.6B | $11.7B | $12.9B | $14.9B | $13.5B |
| Shareholders' equity | $10.5B | $10.4B | $9.4B | $9.2B | $7.4B |
| Net debt / EBITDA | 2.7x | 2.8x | 3.1x | 3.8x | 9.1x |
| Current ratio | 0.6x | 0.7x | 0.7x | 0.7x | 0.7x |
| Interest coverage | 9.2x | 9.0x | 7.2x | 6.3x | 1.5x |
| Returns and quality | |||||
| Return on capital | 13.3% | 12.7% | 12.5% | 11.5% | 2.0% |
| Return on equity | 27.1% | 24.7% | 25.2% | 24.7% | −1.1% |
| Piotroski F-score | 7 | 6 | 5 | 5 | 5 |
| Altman Z'' | 2.6 | 2.8 | 2.9 | 2.7 | 2.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.2M
4 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
General Mills · GIS
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| General Mills GIS | $18.1B | −5.5% | 4.8% | 8.8% | 2.0% | — | 5 |
| Pilgrim's Pride PPC | $6.5B | 3.5% | 8.7% | 3.5% | 20.1% | 11.9x | 4 |
| Kraft Heinz KHC | $29.3B | −3.5% | −18.7% | 14.7% | −5.8% | — | 4 |
| Hormel Foods HRL | $11.5B | 1.6% | 5.9% | 4.4% | 5.1% | 33.3x | 5 |
| Hershey HSY | — | 4.4% | 12.3% | 15.6% | 11.5% | — | — |
KIRA
At $33.70 a share, the company is worth $18.1B.
General Mills grew sales faster than 0 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0000040704). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.