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General Mills, Inc.

GIS Consumer Defensive Packaged Foods

In the quarter to August 2026, revenue fell 2.83%, EPS fell 66.7%, free cash flow fell 28.6% and total debt fell 6.75%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.

33.13 0.25 +0.76%
Market cap
$17.6B
P/E
0.0×
Fwd P/E
10.6×
Dividend yield
7.36%
F-score
4/9
Altman Z
2.06
Beneish M
−2.92
Dividend safety
37/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K
Impairment
All filings →

Insider Decisions trades per month

Total sells 1.23
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 1 — — — — 2 — — — — 1
Insider Ownership 0.92%

Capital & Financial Ratios $m

Market Cap 17,580.00
Revenue 18,296.60
Net Income (891.20)
Free Cash Flow 1,548.10
Net Debt 12,980.90
Current Ratio 0.70 (below 1: weak)
Debt/Equity 1.80
P/E ratio 0.00
Fwd P/E 10.60
P/S ratio 0.97
P/B ratio 2.39
Past 5Y EPS Growth —
This Y EPS Growth (13.20%) (below 0%: weak)
Next Y EPS Growth 2.42%
Next Y revenue growth (4.03%) (below 0%: weak)
Next 5Y EPS Growth (2.11%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.7×, against a ten-year median of 2.6×; over the ten years it ranged from 1.7× in 2026 to 3.1× in 2022.
P/S against its own 10 years 0.81%
10-year low 10-year high
P/B against its own 10 years 2.62%
10-year low 10-year high
EV/Sales against its own 10 years 1.47%
10-year low 10-year high
EV/FCF against its own 10 years 53.15%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 2.44
Annual Dividend Yield 7.36%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 2.44
0.61
0.61
0.61
0.61
2025 2.42
0.60
0.60
0.61
0.61
2024 2.38
0.59
0.59
0.60
0.60
2023 2.26
0.54
0.54
0.59
0.59
2022 2.10
0.51
0.51
0.54
0.54
2021 2.04
0.51
0.51
0.51
0.51
2020 1.98
0.49
0.49
0.49
0.51
2019 1.96
0.49
0.49
0.49
0.49
2018 1.96
0.49
0.49
0.49
0.49
2017 1.94
0.48
0.48
0.49
0.49
2016 1.86
0.44
0.46
0.48
0.48
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 418 364 454 433
Receivables 1,696 1,796 1,647 1,775
Inventory 1,898 1,911 1,918 2,163
Other — 740 — —
4,581 5,276 4,618 4,884
2024 2025 2026 Q'26
Payables 3,988 4,010 3,730 3,715
ST’ Debt 1,614 1,528 1,054 1,047
Other 1,419 1,642 1,923 1,976
7,033 7,857 6,774 6,940

Compound Annual Growth %

10y 5y 3y
Sales 1.07% 0.33% (2.85%)
Cash Flow (2.41%) (6.20%) (7.96%)
Earnings 0.00% 0.00% 0.00%
Book Value 3.35% (5.46%) (11.64%)

Revenue $m

Aug Nov Feb May Year
’26 4,390 — — — —
’26 4,518 4,861 4,437 4,610 18,425
’25 4,848 5,240 4,842 4,556 19,487
’24 4,905 5,139 5,099 4,714 19,857
’23 4,718 5,221 5,126 5,030 20,094
’22 4,540 5,024 4,538 4,891 18,993
’21 4,364 4,719 4,520 4,524 18,127
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Aug Nov Feb May Year
’26 298 — — — —
’26 397 819 398 552 2,166
’25 624 1,151 532 612 2,918
’24 378 1,118 943 864 3,303
’23 389 812 826 752 2,779
’22 370 1,128 730 1,088 3,316
’21 584 843 781 775 2,983
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Aug Nov Feb May Year
’26 207 — — — —
’26 290 675 298 367 1,631
’25 485 990 428 392 2,294
’24 236 966 752 576 2,529
’23 298 677 702 414 2,090
’22 266 1,009 604 872 2,751
’21 467 734 662 589 2,452
Fiscal quarters ending in the months shown.

EPS $

Aug Nov Feb May Year
’26 0.74 — — — —
’26 2.22 0.78 0.56 (3.74) (0.16)
’25 1.03 1.42 1.12 0.53 4.10
’24 1.14 1.02 1.17 0.98 4.31
’23 1.35 1.01 0.92 1.03 4.31
’22 1.02 0.97 1.08 1.35 4.42
’21 1.03 1.11 0.96 0.68 3.78
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to May

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 49.65 36.42 38.12 46.59 53.96 61.67 60.33 61.48 45.15 31.18

Analyst estimates 2027–2029

Powerpack
High 63.73 60.69 56.40 66.14 69.68 88.34 90.89 75.90 67.35 49.59
People
People Employees 38,000 40,000 40,000 35,000 35,000 32,500 34,000 34,000 33,000 30,000
Revenue/emp, $m 0.41 0.39 0.42 0.50 0.52 0.58 0.59 0.58 0.59 0.61
Income, $m
Income, $m Revenue 15,620 15,740 16,865 17,627 18,127 18,993 20,094 19,857 19,487 18,425
Gross margin, % 35.65 34.53 34.13 34.78 35.57 33.71 32.58 34.91 34.55 33.63
EBT 2,271 2,136 2,082 2,600 2,857 3,210 3,141 3,028 2,835 406
EBT margin, % 14.54 13.57 12.34 14.75 15.76 16.90 15.63 15.25 14.55 2.20
Net income 1,701 2,163 1,786 2,211 2,346 2,735 2,610 2,519 2,319 (85)
Depreciation 604 619 620 595 601 570 547 553 539 555
Per share, $
Per share, $ Revenue 26.61 27.29 28.09 28.99 29.52 31.26 33.78 34.50 35.14 34.27
Earnings 2.82 3.69 2.92 3.59 3.81 4.46 4.36 4.34 4.14 (0.16)
Cash flow 4.11 4.93 4.68 6.05 4.86 5.46 4.67 5.74 5.26 4.03
Capex (1.16) (1.08) (0.87) (0.75) (0.86) (0.93) (1.16) (1.34) (1.13) (1.00)
Free cash flow 2.96 3.85 3.80 5.29 3.99 4.53 3.51 4.40 4.14 3.03
Book value 7.98 11.26 12.27 13.73 15.91 17.76 17.99 16.77 16.61 13.73
Shares, m 587 577 600 608 614 608 595 576 555 538
Valuation, ×
Valuation, × P/E 20.12 11.49 16.93 17.65 16.45 15.66 19.35 15.84 13.11 0.00
P/S 2.13 1.55 1.76 2.19 2.12 2.23 2.49 1.99 1.54 0.98
P/B 7.11 3.76 4.03 4.63 3.94 3.93 4.68 4.10 3.26 2.45
EV/Sales 2.61 2.43 2.51 2.85 2.72 2.77 3.04 2.62 2.25 1.69
EV/FCF 23.51 17.24 18.50 15.61 20.07 19.15 29.25 20.59 19.12 19.07
Cash, $m
Cash, $m Operating cash flow 2,415 2,841 2,807 3,676 2,983 3,316 2,779 3,303 2,918 2,166
Capex (680) (621) (523) (459) (531) (565) (688) (773) (624) (535)
Free cash flow 1,735 2,220 2,284 3,217 2,452 2,751 2,090 2,529 2,294 1,631
Balance, $m
Balance, $m Working capital (1,269) (3,218) (2,901) (2,370) (2,511) (2,930) (2,359) (2,452) (2,582) (2,156)
Total debt 8,248 14,269 13,021 13,261 12,251 10,809 11,674 12,918 14,202 13,470
Net debt 7,482 13,870 12,571 11,583 10,746 10,240 11,089 12,500 13,838 13,016
Shareholders’ equity 4,686 6,492 7,368 8,350 9,773 10,788 10,700 9,649 9,211 7,381
Returns, %
Returns, % ROA 7.62 8.13 5.77 7.16 7.47 8.60 8.29 7.94 7.11 (0.28)
ROIC 12.80 7.43 7.89 9.26 9.58 10.33 9.85 9.68 8.96 2.71
ROE 33.17 38.13 25.29 27.76 25.82 26.33 24.14 24.54 24.34 (1.06)
Negative figures in brackets.

All 10 years →

Fiscal years to May 2026 · latest quarter Aug 2026 · fundamentals updated 2 Oct 2026

Charts ten years each

General Mills, Inc. vs peers in Packaged Foods (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
KHC Kraft Heinz Company $27.6B — (loss-making) 10.8× −1.42% (below 0%: shrinking) n/m −12.62% (below 0%: shrinking) 32.39% (102.70%) Compare
GIS General Mills, Inc. $17.6B — (loss-making) 10.6× −2.83% (below 0%: shrinking) −66.67% (below 0%: shrinking) −28.59% (below 0%: shrinking) 33.88% 14.43%
JBS JBS N.V. $13.6B 12.8× 9.2× +13.82% (above 0%: growing) n/m +238.90% (above 0%: growing) 10.83% 2.50% Compare
SJM The J. M. Smucker Company $13.5B 59.3× 12.9× +5.02% (above 0%: growing) n/m +511.71% (above 0%: growing) 44.14% 23.05% Compare
MKC McCormick & Company, Incorporated $12.3B 8.3× 15.7× +17.39% (above 0%: growing) −53.76% (below 0%: shrinking) −45.61% (below 0%: shrinking) 39.26% 10.72% Compare
MICC The Magnum Ice Cream Company N.V. $11.3B — — — — — — — Compare
HRL Hormel Foods Corporation $11.1B 32.4× 16.1× −2.36% (below 0%: shrinking) −66.67% (below 0%: shrinking) +107.16% (above 0%: growing) 15.92% 2.49% Compare
DAR Darling Ingredients Inc. $9.6B 16.3× 13.8× +16.37% (above 0%: growing) +2,950.00% (above 0%: growing) +428.22% (above 0%: growing) 29.20% 32.20% Compare
LW Lamb Weston $7.5B 28.9× 14.4× +0.66% (above 0%: growing) −54.02% (below 0%: shrinking) −47.29% (below 0%: shrinking) 15.96% 4.92% Compare
Median of peers $11.8B 22.6× 13.8× +5.02% −53.89% +107.16% 29.20% 4.92%

All 71 Packaged Foods stocks →

GIS metrics, ten years each

General Mills, Inc. (GIS) key facts

  • General Mills, Inc. (GIS) is a Packaged Foods company in the Consumer Defensive sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, GIS traded at $33.13, a market capitalization of $17.6 billion.
  • General Mills, Inc. pays an annual dividend of $2.44 per share, a yield of 7.36%.
  • Return on equity was −1.06% and debt-to-equity 1.80.
  • Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.06 (grey zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 2, 2026.

Financial Analysis (summary)

Updated

General Mills reported $18.4 billion of revenue in FY2026 and −$85.3 million of net income in FY2026. In Q1 FY2027, revenue was $4.4 billion, operating income was $633.6 million, and net income was $398.1 million. Trailing-twelve-month revenue to Q1 FY2027 was $18.3 billion, while trailing-twelve-month net income was −$891.2 million.

Revenue, cash generation, and profitability were lower in FY2026 than in FY2025, while total debt and net debt also declined. In Q1 FY2027, revenue, EPS, and free cash flow were lower than both the preceding quarter and the year-earlier quarter; operating margin recovered from the preceding quarter but remained below the year-earlier quarter.

General Mills, Inc. (GIS) Latest News

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stockrow.com/GIS · Data as of Oct 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com