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Stocks · Consumer staples · Grain Mill Products

General Mills

GIS Clue Score22
United States Fiscal year ends May CIK 0000040704
$32.29 -0.92% Close, 9 Oct 2026
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Price $32.29 −47.66% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue15.62Operating income2.49Net income1.66EPS, diluted2.77Fiscal year 2018Revenue15.74 +0.8%Operating income2.42Net income2.13 +28.6%EPS, diluted3.64 +31.4%Fiscal year 2019Revenue16.87 +7.1%Operating income2.52Net income1.75 −17.8%EPS, diluted2.90 −20.3%Fiscal year 2020Revenue17.63 +4.5%Operating income2.95Net income2.18 +24.4%EPS, diluted3.56 +22.8%Fiscal year 2021Revenue18.13 +2.8%Operating income3.14Net income2.34 +7.3%EPS, diluted3.78 +6.2%Fiscal year 2022Revenue18.99 +4.8%Operating income3.48Net income2.71 +15.7%EPS, diluted4.42 +16.9%Fiscal year 2023Revenue20.09 +5.8%Operating income3.43Net income2.59 −4.2%EPS, diluted4.31 −2.5%Fiscal year 2024Revenue19.86 −1.2%Operating income3.43Net income2.50 −3.8%EPS, diluted4.31 +0.0%Fiscal year 2025Revenue19.49 −1.9%Operating income3.30Net income2.30 −8.1%EPS, diluted4.10 −4.9%Fiscal year 2026Revenue18.42 −5.4%Operating income0.89Net income−0.09 −103.8%EPS, diluted−0.16 −103.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 15.62 15.74 16.87 17.63 18.13 18.99 20.09 19.86 19.49 18.42
Growth +0.8% +7.1% +4.5% +2.8% +4.8% +5.8% −1.2% −1.9% −5.4%
Operating income 2.49 2.42 2.52 2.95 3.14 3.48 3.43 3.43 3.30 0.89
Net income 1.66 2.13 1.75 2.18 2.34 2.71 2.59 2.50 2.30 −0.09
Growth +28.6% −17.8% +24.4% +7.3% +15.7% −4.2% −3.8% −8.1% −103.8%
EPS, diluted 2.77 3.64 2.90 3.56 3.78 4.42 4.31 4.31 4.10 −0.16
Growth +31.4% −20.3% +22.8% +6.2% +16.9% −2.5% +0.0% −4.9% −103.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Operating margin16.0%Net margin10.6%Free cash flow margin11.1%Fiscal year 2018Operating margin15.4%Net margin13.5%Free cash flow margin14.1%Fiscal year 2019Operating margin14.9%Net margin10.4%Free cash flow margin13.5%Fiscal year 2020Operating margin16.8%Net margin12.4%Free cash flow margin18.2%Fiscal year 2021Operating margin17.3%Net margin12.9%Free cash flow margin13.5%Fiscal year 2022Operating margin18.3%Net margin14.3%Free cash flow margin14.5%Fiscal year 2023Operating margin17.1%Net margin12.9%Free cash flow margin10.4%Fiscal year 2024Operating margin17.3%Net margin12.6%Free cash flow margin12.7%Fiscal year 2025Operating margin17.0%Net margin11.8%Free cash flow margin11.8%Fiscal year 2026Operating margin4.8%Net margin−0.5%Free cash flow margin8.8%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating margin 16.0% 15.4% 14.9% 16.8% 17.3% 18.3% 17.1% 17.3% 17.0% 4.8%
Net margin 10.6% 13.5% 10.4% 12.4% 12.9% 14.3% 12.9% 12.6% 11.8% −0.5%
Free cash flow margin 11.1% 14.1% 13.5% 18.2% 13.5% 14.5% 10.4% 12.7% 11.8% 8.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow2.42Capital expenditure−0.68Free cash flow1.73Buybacks−1.65Dividends paid−1.14Fiscal year 2018Operating cash flow2.84Capital expenditure−0.62Free cash flow2.22 +28.2%Buybacks−0.60Dividends paid−1.14Fiscal year 2019Operating cash flow2.81Capital expenditure−0.54Free cash flow2.27 +2.3%Buybacks−0.00Dividends paid−1.18Fiscal year 2020Operating cash flow3.68Capital expenditure−0.46Free cash flow3.22 +41.7%Buybacks−0.00Dividends paid−1.20Fiscal year 2021Operating cash flow2.98Capital expenditure−0.53Free cash flow2.45 −23.7%Buybacks−0.30Dividends paid−1.25Fiscal year 2022Operating cash flow3.32Capital expenditure−0.57Free cash flow2.75 +12.0%Buybacks−0.88Dividends paid−1.24Fiscal year 2023Operating cash flow2.78Capital expenditure−0.69Free cash flow2.09 −24.0%Buybacks−1.40Dividends paid−1.29Fiscal year 2024Operating cash flow3.30Capital expenditure−0.77Free cash flow2.53 +21.0%Buybacks−2.00Dividends paid−1.36Fiscal year 2025Operating cash flow2.92Capital expenditure−0.63Free cash flow2.29 −9.3%Buybacks−1.20Dividends paid−1.34Fiscal year 2026Operating cash flow2.17Capital expenditure−0.54Free cash flow1.63 −29.1%Buybacks−0.50Dividends paid−1.32
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 2.42 2.84 2.81 3.68 2.98 3.32 2.78 3.30 2.92 2.17
Capital expenditure −0.68 −0.62 −0.54 −0.46 −0.53 −0.57 −0.69 −0.77 −0.63 −0.54
Free cash flow 1.73 2.22 2.27 3.22 2.45 2.75 2.09 2.53 2.29 1.63
Growth +28.2% +2.3% +41.7% −23.7% +12.0% −24.0% +21.0% −9.3% −29.1%
Buybacks −1.65 −0.60 −0.00 −0.00 −0.30 −0.88 −1.40 −2.00 −1.20 −0.50
Dividends paid −1.14 −1.14 −1.18 −1.20 −1.25 −1.24 −1.29 −1.36 −1.34 −1.32

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash0.77Total debt8.25Net cash (debt)−7.48Shareholders’ equity4.33Debt to equity1.91Fiscal year 2018Cash0.40Total debt14.27Net cash (debt)−13.87Shareholders’ equity6.14Debt to equity2.32Fiscal year 2019Cash0.45Total debt13.02Net cash (debt)−12.57Shareholders’ equity7.05Debt to equity1.85Fiscal year 2020Cash1.68Total debt13.26Net cash (debt)−11.58Shareholders’ equity8.06Debt to equity1.65Fiscal year 2021Cash1.51Total debt12.25Net cash (debt)−10.75Shareholders’ equity9.47Debt to equity1.29Fiscal year 2022Cash0.57Total debt10.81Net cash (debt)−10.24Shareholders’ equity10.54Debt to equity1.03Fiscal year 2023Cash0.59Shareholders’ equity10.45Fiscal year 2024Cash0.42Shareholders’ equity9.40Fiscal year 2025Cash0.36Total debt14.20Net cash (debt)−13.84Shareholders’ equity9.20Debt to equity1.54Fiscal year 2026Cash0.45Total debt13.47Net cash (debt)−13.02Shareholders’ equity7.37Debt to equity1.83
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 0.77 0.40 0.45 1.68 1.51 0.57 0.59 0.42 0.36 0.45
Total debt 8.25 14.27 13.02 13.26 12.25 10.81 n/a n/a 14.20 13.47
Net cash (debt) −7.48 −13.87 −12.57 −11.58 −10.75 −10.24 n/a n/a −13.84 −13.02
Shareholders’ equity 4.33 6.14 7.05 8.06 9.47 10.54 10.45 9.40 9.20 7.37
Debt to equity 1.91 2.32 1.85 1.65 1.29 1.03 n/a n/a 1.54 1.83

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending May, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 28 May 2017 FY2018 27 May 2018 FY2019 26 May 2019 FY2020 31 May 2020 FY2021 30 May 2021 FY2022 29 May 2022 FY2023 28 May 2023 FY2024 26 May 2024 FY2025 25 May 2025 FY2026 31 May 2026
Revenue and profit
15.62 15.74 16.87 17.63 18.13 18.99 20.09 19.86 19.49 18.42
Growth +0.8% +7.1% +4.5% +2.8% +4.8% +5.8% −1.2% −1.9% −5.4%
10.05 10.30 11.11 11.50 11.68 12.59 13.55 12.93 12.75 12.23
0.22 0.22 0.22 0.22 0.24 0.24 0.26 0.26 0.26 0.26
2.89 2.85 2.94 3.15 3.08 3.15 3.50 3.26 3.45 3.39
2.49 2.42 2.52 2.95 3.14 3.48 3.43 3.43 3.30 0.89
Growth −2.9% +4.0% +17.4% +6.5% +10.5% −1.2% −0.1% −3.7% −73.2%
2.27 2.14 2.08 2.60 2.86 3.21 3.14 3.03 2.84 0.41
0.66 0.06 0.37 0.48 0.63 0.59 0.61 0.59 0.57 0.41
1.66 2.13 1.75 2.18 2.34 2.71 2.59 2.50 2.30 −0.09
Growth +28.6% −17.8% +24.4% +7.3% +15.7% −4.2% −3.8% −8.1% −103.8%
Per share
2.82 3.69 2.92 3.59 3.81 4.46 4.36 4.34 4.12 −0.16
2.77 3.64 2.90 3.56 3.78 4.42 4.31 4.31 4.10 −0.16
Growth +31.4% −20.3% +22.8% +6.2% +16.9% −2.5% +0.0% −4.9% −103.9%
587.1 576.8 600.4 608.1 614.1 607.5 594.8 575.5 554.5 537.7
598.0 585.7 605.4 613.3 619.1 612.6 601.2 579.5 557.5 537.7
Growth −2.1% +3.4% +1.3% +0.9% −1.0% −1.9% −3.6% −3.8% −3.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 0.3% a year over five years.
  • The diluted share count fell 13.1% in five years, so buybacks did some of the work per share.
  • Operating margin is down 12.5 points on five years ago, at 4.8%.
  • A net loss in 1 of 10 years on file.