GIS Financials General Mills

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated 76 d ago Overview →

Growth & profitability

Revenue has grown 0.3% per year over the past 5 years.
Operating margin has contracted, at 4.8% in the latest year.
Free cash flow has declined 7.9% per year over the past 5 years.

Financial health

Total debt ($13.5B) exceeds cash ($454M); net debt is $13.1B.
Total debt has grown in line with revenue (1.4% vs 0.3% per year).
Total debt is 9.4× EBITDA.

Shareholder returns

Dividends have been paid for 3 consecutive years, consuming 80.9% of free cash flow.
The dividend has declined 1.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$18.4B	-$88M	33.6%	4.8%	-1.2%	-0.3%	$1.6B	$13.5B	$454M
2025	$19.5B	$2.3B	34.6%	17.0%	24.9%	6.9%	$2.3B	$14.9B	$364M
2024	$19.9B	$2.5B	34.9%	17.3%	26.6%	7.9%	$2.5B	—	$418M
2023	$20.1B	$2.6B	32.6%	17.1%	24.8%	8.2%	$2.1B	—	$586M
2022	$19.0B	$2.7B	33.7%	18.3%	25.7%	8.7%	$2.7B	$11.6B	$569M
2021	$18.1B	$2.3B	35.6%	17.3%	24.7%	7.3%	$2.5B	$12.6B	$1.5B
2020	$17.6B	$2.2B	34.8%	16.8%	27.1%	7.1%	$3.2B	$13.5B	$1.7B
2019	$16.9B	$1.8B	34.1%	14.9%	24.8%	5.8%	$2.3B	$14.5B	$450M
2018	$15.7B	$2.1B	34.5%	15.4%	34.7%	7.0%	$2.2B	$15.8B	$399M
2017	$15.6B	$1.7B	35.6%	16.0%	38.3%	7.6%	$1.7B	$9.5B	$766M
2016	—	$1.7B	—	—	34.4%	7.8%	$2.0B	$8.4B	$766M
2015	—	$1.2B	—	—	24.4%	5.6%	$1.8B	$9.2B	$334M
2014	—	$1.8B	—	—	27.9%	7.9%	$1.9B	$8.8B	$867M
2013	—	$1.9B	—	—	27.8%	8.2%	$2.3B	$8.0B	$741M
2012	—	$1.6B	—	—	24.4%	7.4%	$1.7B	$7.4B	$471M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
May '26	$4.6B	-$2.0B	34.8%	-45.4%	-27.3%	-6.7%	$368M	$13.5B	$454M
Feb '26	$4.4B	$303M	30.8%	11.8%	3.2%	0.9%	$296M	—	$786M
Nov '25	$4.9B	$413M	34.8%	15.0%	4.4%	1.3%	$676M	—	$683M
Aug '25	$4.5B	$1.2B	33.9%	38.2%	12.7%	3.6%	$288M	—	$953M
May '25	$4.6B	$294M	32.4%	11.1%	3.2%	0.9%	$391M	$14.9B	$364M
Feb '25	$4.8B	$626M	33.9%	18.4%	6.8%	1.9%	$428M	—	$521M
Nov '24	$5.2B	$796M	36.9%	20.6%	8.6%	2.4%	$990M	—	$2.3B
Aug '24	$4.8B	$580M	34.8%	17.2%	6.3%	1.8%	$484M	—	$468M
May '24	$4.7B	$558M	35.8%	16.5%	5.9%	1.8%	$575M	—	$418M
Feb '24	$5.1B	$670M	33.5%	17.9%	7.1%	2.2%	$751M	—	$589M
Nov '23	$5.1B	$596M	34.4%	15.8%	6.3%	1.9%	$966M	—	$594M
Aug '23	$4.9B	$674M	36.1%	19.0%	6.6%	2.2%	$236M	—	$491M
May '23	$5.0B	$615M	34.4%	16.3%	5.9%	2.0%	$413M	—	$586M
Feb '23	$5.1B	$553M	32.5%	14.2%	5.4%	1.8%	$702M	$11.6B	$619M
Nov '22	$5.2B	$606M	32.7%	15.3%	6.0%	1.9%	$676M	$11.7B	$644M
Aug '22	$4.7B	$820M	30.7%	23.0%	7.8%	2.6%	$298M	$11.6B	$594M
May '22	$4.9B	$823M	36.2%	20.8%	7.8%	2.6%	$870M	$11.6B	$569M
Feb '22	$4.5B	$660M	30.9%	18.0%	6.7%	2.1%	$604M	$12.3B	$844M
Nov '21	$5.0B	$597M	32.5%	15.9%	6.3%	1.8%	$1.0B	$12.7B	$1.0B
Aug '21	$4.5B	$627M	35.2%	18.6%	6.5%	1.9%	$266M	$13.0B	$711M

Valuation over time

How the market has priced GIS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 16.8× (Mar '23) to 7.9× (May '26).
The price-to-sales ratio has fallen from 2.4× (Mar '23) to 1.1× (Sep '26).
The dividend yield has risen from 3.7% (May '24) to 6.3% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is GIS growing its revenue and profit?

Over the past 5 years, General Mills's revenue has grown 0.3% per year. These are computed facts, not advice.

How much debt does GIS have?

As of FY2026, General Mills reported $13.5B of total debt against $454M of cash.

What is GIS's profit margin?

In FY2026, gross margin was 33.6%, operating margin 4.8%, and net margin -0.5%.

What is GIS's P/E ratio?

As of Sep '26, General Mills traded at a price-to-earnings ratio of about 7.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.