GIS Financials General Mills

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 2.0% per year over the past 5 years.
Net income has grown slower than revenue (1.0% vs 2.0% per year).
Operating margin has been roughly flat, at 17.0% in the latest year.
Free cash flow has declined 6.5% per year over the past 5 years.

Financial health

Total debt has grown in line with revenue (4.2% vs 2.0% per year).
Operating income covered interest expense 6.3× in the latest year, down from 6.3× 5 years ago.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 58.3% of earnings and 58.4% of free cash flow.
The dividend has grown 2.3% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
2025	$19.5B	$2.3B	34.6%	17.0%	$2.3B	—	$364M
2024	$19.9B	$2.5B	34.9%	17.3%	$2.5B	—	$418M
2023	$20.1B	$2.6B	32.6%	17.1%	$2.1B	—	$586M
2022	$19.0B	$2.7B	33.7%	18.3%	$2.7B	$11.6B	$569M
2021	$18.1B	$2.3B	35.6%	17.3%	$2.5B	$12.6B	$1.5B
2020	$17.6B	$2.2B	34.8%	16.8%	$3.2B	$13.5B	$1.7B
2019	$16.9B	$1.8B	34.1%	14.9%	$2.3B	$14.5B	$450M
2018	$15.7B	$2.1B	34.5%	15.4%	$2.2B	$15.8B	$399M
2017	$15.6B	$1.7B	35.6%	16.0%	$1.7B	$9.5B	$766M
2016	—	$1.7B	—	—	$2.0B	$8.4B	$766M
2015	—	$1.2B	—	—	$1.8B	$9.2B	$334M
2014	—	$1.8B	—	—	$1.9B	$8.8B	$867M
2013	—	$1.9B	—	—	$2.3B	$8.0B	$741M
2012	—	$1.6B	—	—	$1.7B	$7.4B	$471M
2011	—	$1.8B	—	—	$882M	$6.9B	$620M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Feb '26	$4.4B	$303M	30.8%	11.8%	$296M	—	$786M
Nov '25	$4.9B	$413M	34.8%	15.0%	$676M	—	$683M
Aug '25	$4.5B	$1.2B	33.9%	38.2%	$288M	—	$953M
May '25	$4.6B	$294M	32.4%	11.1%	$391M	—	$364M
Feb '25	$4.8B	$626M	33.9%	18.4%	$428M	—	$521M
Nov '24	$5.2B	$796M	36.9%	20.6%	$990M	—	$2.3B
Aug '24	$4.8B	$580M	34.8%	17.2%	$484M	—	$468M
May '24	$4.7B	$558M	35.8%	16.5%	$575M	—	$418M
Feb '24	$5.1B	$670M	33.5%	17.9%	$751M	—	$589M
Nov '23	$5.1B	$596M	34.4%	15.8%	$966M	—	$594M
Aug '23	$4.9B	$674M	36.1%	19.0%	$236M	—	$491M
May '23	$5.0B	$615M	34.4%	16.3%	$413M	—	$586M
Feb '23	$5.1B	$553M	32.5%	14.2%	$702M	$11.6B	$619M
Nov '22	$5.2B	$606M	32.7%	15.3%	$676M	$11.7B	$644M
Aug '22	$4.7B	$820M	30.7%	23.0%	$298M	$11.6B	$594M
May '22	$4.9B	$823M	36.2%	20.8%	$870M	$11.6B	$569M
Feb '22	$4.5B	$660M	30.9%	18.0%	$604M	$12.3B	$844M
Nov '21	$5.0B	$597M	32.5%	15.9%	$1.0B	$12.7B	$1.0B
Aug '21	$4.5B	$627M	35.2%	18.6%	$266M	$13.0B	$711M
May '21	$4.5B	$417M	35.0%	12.1%	$591M	$12.6B	$1.5B

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 8.2× (Jun '26).
The price-to-sales ratio has fallen from 2.4× (Mar '23) to 1.0× (Jun '26).
The dividend yield has risen from 2.7% (Mar '23) to 7.1% (Jun '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 2.0% per year, and net income grown 1.0% per year. These are computed facts, not advice.

How much debt does GIS have?

As of FY2025, General Mills reported — of total debt against $364M of cash; operating income covered interest expense 6.3×.

What is GIS's profit margin?

In FY2025, gross margin was 34.6%, operating margin 17.0%, and net margin 11.8%.

What is GIS's P/E ratio?

As of Jun '26, General Mills traded at a price-to-earnings ratio of about 8.2× (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.