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General Mills (GIS) | Financial Analysis & Statements

General Mills Inc. | Large-cap | Consumer Defensive

$50.36

0.08%

General Mills vs Kraft Heinz General Mills vs Kellanova General Mills vs McCormick & Company General Mills vs McCormick & Company General Mills vs Oatly Group AB General Mills vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Aug 2025

Income Metrics

Revenue 4.5B

Gross Profit 1.5B 33.93%

Operating Income 687.7M 15.22%

Net Income 1.2B 26.65%

EPS (Diluted) $2.22

Balance Sheet Metrics

Total Assets 33.1B

Total Liabilities 23.9B

Shareholders Equity 9.2B

Debt to Equity 2.59

Cash Flow Metrics

Operating Cash Flow 650.7M

Free Cash Flow 391.4M

Revenue & Profitability Trend

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This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

General Mills Income Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Revenue i	19.5B	19.9B	20.1B	19.0B	18.1B
Cost of Goods Sold i	12.8B	12.9B	13.5B	12.6B	11.7B
Gross Profit i	6.7B	6.9B	6.5B	6.4B	6.4B
Gross Margin % i	34.6%	34.9%	32.6%	33.7%	35.6%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	3.4B	3.3B	3.5B	3.1B	3.1B
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	3.4B	3.3B	3.5B	3.1B	3.1B
Operating Income i	3.3B	3.7B	3.0B	3.3B	3.4B
Operating Margin % i	16.9%	18.5%	15.2%	17.1%	18.6%
Non-Operating Items
Interest Income i	24.6M	18.8M	14.0M	3.8M	7.4M
Interest Expense i	548.8M	498.0M	396.1M	383.4M	427.7M
Other Non-Operating Income	72.0M	-165.6M	477.2M	334.0M	-91.0M
Pre-tax Income i	2.8B	3.0B	3.1B	3.2B	2.9B
Income Tax i	573.7M	594.5M	612.2M	586.3M	629.1M
Effective Tax Rate % i	20.2%	19.6%	19.5%	18.3%	22.0%
Net Income i	2.3B	2.5B	2.6B	2.7B	2.3B
Net Margin % i	11.9%	12.7%	13.0%	14.4%	12.9%
Key Metrics
EBITDA i	3.9B	4.3B	3.7B	3.9B	4.1B
EPS (Basic) i	$4.12	$4.34	$4.36	$4.46	$3.81
EPS (Diluted) i	$4.10	$4.31	$4.31	$4.42	$3.78
Basic Shares Outstanding i	554500000	575500000	594800000	607500000	614100000
Diluted Shares Outstanding i	554500000	575500000	594800000	607500000	614100000

Income Statement Trend

General Mills Balance Sheet From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Assets
Current Assets
Cash & Equivalents i	363.9M	418.0M	585.5M	569.4M	1.5B
Short-term Investments i	-	0	117.2M	249.8M	360.0M
Accounts Receivable i	1.8B	1.7B	1.7B	1.7B	1.6B
Inventory i	1.9B	1.9B	2.2B	1.9B	1.8B
Other Current Assets	42.9M	52.1M	41.0M	41.2M	20.0M
Total Current Assets i	5.3B	4.6B	5.2B	5.1B	5.8B
Non-Current Assets
Property, Plant & Equipment i	7.1B	7.4B	7.0B	6.8B	7.1B
Goodwill i	38.3B	36.5B	36.0B	35.8B	35.3B
Intangible Assets i	7.1B	7.0B	7.0B	7.0B	7.2B
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	483.3M	441.4M	306.5M	324.9M	292.6M
Total Non-Current Assets i	27.8B	26.9B	26.3B	26.0B	26.1B
Total Assets i	33.1B	31.5B	31.5B	31.1B	31.8B
Liabilities
Current Liabilities
Accounts Payable i	4.0B	4.0B	4.2B	4.0B	3.7B
Short-term Debt i	2.3B	1.7B	1.8B	2.6B	2.9B
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	337.2M	283.7M	349.1M	351.8M	331.2M
Total Current Liabilities i	7.9B	7.0B	7.5B	8.0B	8.3B
Non-Current Liabilities
Long-term Debt i	13.0B	11.6B	10.2B	9.4B	10.1B
Deferred Tax Liabilities i	2.1B	2.2B	2.1B	2.2B	2.1B
Other Non-Current Liabilities	67.4M	105.3M	128.3M	87.0M	86.2M
Total Non-Current Liabilities i	16.0B	14.8B	13.2B	12.3B	13.2B
Total Liabilities i	23.9B	21.8B	20.8B	20.3B	21.5B
Equity
Common Stock i	75.5M	75.5M	75.5M	75.5M	75.5M
Retained Earnings i	21.9B	21.0B	19.8B	18.5B	17.1B
Treasury Stock i	11.5B	10.4B	8.4B	7.3B	6.6B
Other Equity	-	-	-	-	-
Total Shareholders Equity i	9.2B	9.6B	10.7B	10.8B	10.4B
Key Metrics
Total Debt i	15.3B	13.3B	12.1B	12.0B	13.0B
Working Capital i	-2.6B	-2.5B	-2.4B	-2.9B	-2.5B

Balance Sheet Composition

General Mills Cash Flow Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Operating Activities
Net Income i	2.3B	2.5B	2.6B	2.7B	2.3B
Depreciation & Amortization i	539.0M	552.7M	546.6M	570.3M	601.3M
Stock-Based Compensation i	91.7M	95.3M	111.7M	98.7M	89.9M
Working Capital Changes i	111.6M	-156.4M	-110.5M	312.7M	-113.2M
Operating Cash Flow i	2.9B	3.2B	3.2B	3.5B	3.0B
Investing Activities
Capital Expenditures i	-624.2M	-773.3M	-688.2M	-565.4M	-528.1M
Acquisitions i	-1.2B	-454.6M	349.4M	-1.1B	18.4M
Investment Purchases i	-	-	-	-	-
Investment Sales i	-	-	-	-	-
Investing Cash Flow i	-1.8B	-1.2B	-346.4M	-1.7B	-512.8M
Financing Activities
Share Repurchases i	-1.2B	-2.0B	-1.4B	-876.8M	-301.4M
Dividends Paid i	-1.3B	-1.4B	-1.3B	-1.2B	-1.2B
Debt Issuance i	2.4B	2.1B	2.3B	2.2B	1.6B
Debt Repayment i	-1.3B	-901.5M	-1.4B	-3.1B	-2.6B
Financing Cash Flow i	-1.2B	-2.3B	-2.6B	-2.7B	-2.8B
Free Cash Flow i	2.3B	2.5B	2.1B	2.7B	2.5B
Net Change in Cash i	-71.7M	-325.2M	190.2M	-805.9M	-307.7M

Cash Flow Trend

General Mills Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 9.48

Forward P/E 10.79

Price to Book 2.85

Price to Sales 1.41

PEG Ratio 0.08

Profitability Ratios

Profit Margin 15.24%

Operating Margin 15.60%

Return on Equity 30.87%

Return on Assets 6.22%

Financial Health

Current Ratio 0.66

Debt to Equity 151.35

Beta -0.02

Per Share Data

EPS (TTM) $5.35

Book Value per Share $17.78

Revenue per Share $34.85

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
gis	27.1B	9.48	2.85	30.87%	15.24%	151.35
Kraft Heinz	30.9B	13.01	0.75	-11.64%	-20.83%	51.12
Kellanova	28.8B	21.66	7.00	35.33%	10.56%	154.85
McCormick & Company	18.5B	23.91	3.29	14.12%	11.50%	79.12
McCormick & Company	18.2B	23.21	3.25	14.12%	11.50%	79.12
Oatly Group AB	13.9B	-2.25	4.83	-113.54%	-23.44%	509.32

Financial data is updated regularly. All figures are in the company's reporting currency.