— Know what they know.
Not Investment Advice

GIS

NYSE · USD
General Mills, Inc.
Consumer Defensive · Packaged Foods
CEO Jeffrey L. Harmening Employees 30,000 R&D / revenue 0.0%
Last price
$33.13+0.76%last session
Market cap
$17.7B
P/E (TTM)
n/m
From 52w high
−33.4%
From 52w low
+6.3%
1-year return
−30.6%
RSI 14 · vs SMA200
46.1 · −12.7%
IS score
27.8/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

GIS   SPY   XLP (sector ETF) · weekly closes
80100120Jan 26Apr 26Jul 26Oct 26SPY 116XLP 111GIS 69

Score DNA

Each bar is a 0-100 score within the scored universe
26
Profitability
29
Growth
38
Value
32
Momentum
50
Risk (safety)
37
Quality
25
Balance sheet
54
Earnings quality

Flags

Strengths
✓ FCF yield 5%+✓ Congress buying
Warnings
None of the computed warning flags fires for GIS (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 4 / 9Altman Z 2.4Beta -0.053 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
4 open-market sales, $1.2M
Form 144 notices (12m): 5, $1.2M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
3
Last disclosed purchase 2026-06-16
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+31
195 new holders, 146 closed
1,346 filers hold 90.7% · 538 added, 434 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+251
1,176 funds adding shares
925 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
40.5%
20-day avg 58.7%, 50-day avg 60.1%
Latest 18.2 pp under its 20-day average · a flow, not short interest

Key financials · FY2026

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$18.4B
Revenue growth YoY−5.4%
Gross margin33.6%
Operating income$885.8M
Operating margin4.8%
Net income−$87.6M
Net margin-0.5%
EPS (diluted)$-0.16
Cash flow
Operating cash flow$2.2B
Capital expenditure$539.9M
Free cash flow$1.6B
FCF conversion (FCF / OCF)75.1%
Stock-based compensation$79.4M
FCF less SBC$1.5B
Buybacks$500.3M
Dividends$1.3B
Balance sheet & returns
Cash & short-term investments$453.8M
Total debt$13.5B
Net debt$13.1B
Shareholders' equity$7.4B
Goodwill & intangibles$20.8B
Debt / equity1.83
ROE (TTM)-10.7%
ROIC (TTM)-0.8%
Operating margin by fiscal year
18.3%FY202217.1%FY202317.3%FY202417.0%FY20254.8%FY2026
Revenue $19.0B (FY2022) to $18.4B (FY2026), a -0.8% CAGR.

Valuation

P/E (TTM)n/m
EV / EBITDA9.3x
Price / sales0.97x
Price / FCF11.5x
FCF yield8.73%
Buyback yield2.82%
SBC / revenue0.5%
Price / book2.39x
Forward P/E FY202710.6x
Forward multiples divide today's price by Street EPS estimates. Street mean target $36.17 across 6 analysts last quarter is theirs, not ours.

GIS vs industry median

245 companies in Packaged Foods
Gross margin 33.6% 27.9% Operating margin -1.1% 4.6% Net margin -4.9% 2.4% ROIC -0.8% 8.8%
GIS (TTM)Industry median Asset turnover 0.60 vs industry 0.94 · financial leverage 4.06

Earnings delivery

Next report 2026-12-23 · consensus EPS $0.96
92%
beat rate, 11 of 12 quarters
+4.9%
median EPS surprise
9
longest beat streak
+8+11+2+1+15+4+4+5+7-12+19+5
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-12-20 to 2026-09-23. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
GIS General Mills, Inc. $17.7Bn/m-10.7%-4.9%−5.4% −30.6%
SJM The J. M. Smucker Company $13.6B59.3x3.9%14.6%+5.1% +23.9%
MKC McCormick & Company, Incorpo $12.5B8.4x23.4%4.8%+13.2% −27.9%
HRL Hormel Foods Corporation $11.2B32.4x4.3%2.0%+0.7% −9.3%
KHC The Kraft Heinz Company $28.1Bn/m-8.8%—−1.6% −4.3%
DAR Darling Ingredients Inc. $9.7B16.3x12.1%22.5%+15.0% —
LW Lamb Weston Holdings, Inc. $7.4B29.0x11.8%1.7%+0.9% —
SFD Smithfield Foods, Inc. $7.3B6.9x15.9%6.5%+104.3% —
12-month window: SPY +15.9%, sector ETF XLP +11.4%. Past returns describe history only.

Recent 8-K filings

2026-10-02Bylaws Amendment; Shareholder Vote; Exhibits
2026-09-30Officer/Director Change; Exhibits
2026-09-23Earnings Release; Exhibits
2026-07-01Earnings Release; Exhibits
2026-05-06Officer/Director Change; Exhibits
2026-05-04Officer/Director Change

Context

Shares outstanding534,687,000
Free float99.6%
Institutional ownership90.7%
Beta-0.05
Dividend yield7.36%
Last dividend$0.61 on 2026-10-13
50 / 200-day average$36.42 / $38.12
Large-cap Consumer Defensive median P/E23.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where GIS sits among 31 scored companies in Packaged Foods (0 = lowest value, 100 = highest). It is a position, not a grade.

Valuation

MeasureGISIndustry medianIndustry percentileSector median
P/E (TTM) —
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 1.0x 0.8x
70th
1.1x
Price / book 2.4x 1.7x
74th
2.5x
Price / tangible book —
Price / free cash flow 11.5x 9.3x
59th
14.7x
Price / operating cash flow 8.6x 6.9x
62nd
9.4x
Enterprise value $30.9B $3.3B
97th
$5.1B
EV / sales 1.7x 1.0x
77th
1.3x
EV / EBITDA 9.3x 9.3x
50th
12.3x
EV / EBIT 11.1x 13.3x
42nd
16.5x
EV / free cash flow 20.0x 15.9x
74th
18.2x
Earnings yield -5.1% 6.2%
17th
3.9%
FCF yield 8.7% 9.1%
47th
6.5%
Operating cash flow yield 11.7% 14.0%
40th
10.4%
Graham number (per share) —

Profitability (TTM)

MeasureGISIndustry medianIndustry percentileSector median
Gross margin 33.6% 26.9%
80th
34.4%
EBITDA margin 18.2% 10.7%
90th
10.7%
Operating margin -1.1% 7.7%
13th
7.6%
EBIT margin 15.2% 7.8%
100th
6.9%
Net margin -4.9% 3.5%
13th
3.3%
NOPAT margin -0.9% 4.9%
13th
4.8%
FCF margin 8.5% 8.2%
57th
7.6%
Operating cash flow margin 11.3% 10.9%
57th
11.1%
R&D / revenue 0.0% 0.0%
0th
0.0%
SG&A / revenue 18.4% 16.1%
63rd
21.1%
Stock comp / revenue 0.5% 0.5%
48th
0.5%
Effective tax rate 21.0% 23.2%
13th
23.2%

Returns on capital

MeasureGISIndustry medianIndustry percentileSector median
ROE (on average equity) -10.6% 10.0%
18th
10.4%
ROA -2.8% 4.5%
17th
4.9%
ROIC -0.8% 7.1%
20th
8.2%
ROCE 11.9% 8.3%
67th
9.1%
Return on tangible assets 8.8% 7.2%
60th
7.2%
Cash ROIC (OCF / invested capital) 10.0% 14.6%
27th
15.0%
Gross profitability (GP / assets) 20.3% 21.2%
47th
32.4%
ROIC, 3-yr average 5.9% 6.1%
46th
6.4%
ROIC, 5-yr average 9.2% 7.3%
78th
7.8%
ROE, 5-yr average 19.2% 9.7%
92nd
11.4%
Incremental ROIC 86.7% 34.8%
79th
12.8%

Growth

MeasureGISIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) -4.5% 5.1%
7th
3.8%
Revenue growth (QoQ) -4.8% 2.1%
10th
4.3%
Revenue CAGR, 3 yr -3.4% 2.6%
3rd
3.8%
Revenue CAGR, 5 yr -0.0% 5.1%
15th
5.1%
Gross profit CAGR, 3 yr -3.6% 2.4%
10th
4.0%
Operating income CAGR, 3 yr —
Net income growth (TTM YoY) —
Net income CAGR, 3 yr —
EPS growth (TTM YoY) —
EPS CAGR, 3 yr —
EPS CAGR, 5 yr —
FCF growth (TTM YoY) -26.3% 10.7%
9th
23.4%
FCF CAGR, 3 yr -8.6% 16.5%
5th
14.6%
Operating cash flow CAGR, 3 yr -9.3% 12.1%
0th
6.4%
Book value CAGR, 3 yr -7.2% 1.3%
15th
5.3%
Dividend CAGR, 3 yr 2.8% 1.4%
81st
1.7%
Sustainable growth rate —

Margin history & stability

MeasureGISIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 34.2% 29.4%
76th
34.7%
Operating margin, 3-yr average 12.5% 7.3%
90th
6.7%
Net margin, 3-yr average 7.5% 4.7%
83rd
4.2%
FCF margin, 3-yr average 11.1% 6.7%
86th
6.5%
Revenue stability (0-1) 0.00 0.75
0th
0.81
Earnings stability (0-1) 0.35 0.36
48th
0.34
Margin stability (0-1) 0.98 0.94
97th
0.95

Liquidity (latest quarter)

MeasureGISIndustry medianIndustry percentileSector median
Cash & short-term investments $433.1M $161.5M
80th
$279.3M
Net cash (− = net debt) −$13.2B −$971.9M
3rd
−$1.0B
Working capital −$2.1B $294.4M
0th
$285.9M
Current ratio 0.70 1.85
7th
1.43
Quick ratio 0.39 0.88
10th
0.86
Cash ratio (cash + ST investments / current liabilities) 0.06 0.25
10th
0.28
Defensive interval (days) 127 days 251 days
17th
251 days

Leverage & solvency (latest quarter)

MeasureGISIndustry medianIndustry percentileSector median
Total debt $13.6B $1.4B
97th
$1.8B
Debt / equity 1.83 0.70
85th
0.75
Net debt / equity 1.77 0.37
89th
0.55
Debt / assets 45.0% 30.4%
73rd
31.6%
Debt / capital 64.6% 41.0%
85th
43.0%
Debt / EBITDA 4.08 3.27
65th
2.69
Net debt / EBITDA 3.95 2.28
69th
2.14
Interest coverage (EBIT / interest) 5.1x 4.7x
57th
4.7x
Cash interest coverage 3.8x 6.8x
30th
8.2x
Debt payback (years of OCF) 6.6 yrs 3.6 yrs
86th
2.8 yrs
Liabilities / assets 75.3% 53.9%
83rd
56.2%
IS credit model rating BB+ — —
Implied credit spread (bps) 400 225
57th
225

Efficiency

MeasureGISIndustry medianIndustry percentileSector median
Asset turnover 0.58 0.91
13th
0.94
Fixed asset turnover 5.41 3.90
72nd
4.44
Inventory turnover 5.8 5.8
53rd
6.0
Receivables turnover 10.2 13.8
27th
12.1
Days sales outstanding 36 days 27 days
73rd
30 days
Days inventory outstanding 63 days 63 days
47th
61 days
Days payables outstanding 112 days 32 days
100th
38 days
Cash conversion cycle (days) −13 days 48 days
3rd
37 days
Capex / revenue 2.8% 2.8%
50th
3.1%
Capex / depreciation 0.94 0.80
63rd
0.92
Operating expense ratio 19.4% 19.4%
53rd
24.8%

Cash flow & earnings quality

MeasureGISIndustry medianIndustry percentileSector median
Operating cash flow / net income —
FCF / net income —
FCF / operating cash flow 74.8% 74.0%
55th
71.9%
Capex / operating cash flow 25.2% 26.0%
45th
29.5%
Accruals ratio -9.4% -7.2%
30th
-6.1%
Sloan accruals ratio 0.3% -2.7%
80th
-3.9%
Earnings quality score (0-1) —

Dividends & buybacks

MeasureGISIndustry medianIndustry percentileSector median
Dividend yield 7.4% 0.0%
93rd
1.8%
Dividend per share (TTM) $2.44 $0.00
83rd
$0.64
Payout ratio (dividends / net income) —
Dividends / FCF 85.0% 37.4%
93rd
27.4%
Dividend growth (YoY) -0.4% 1.6%
24th
1.8%
Buyback yield 0.0% 0.4%
33rd
0.9%
Shareholder yield (dividends + buybacks) 7.4% 4.3%
77th
3.6%
Share count change (YoY) -0.8% 0.0%
37th
-0.2%
Buybacks, last 5 years $3.8B $53.4M
100th
$184.1M

Scores & forensic checks

MeasureGISIndustry medianIndustry percentileSector median
IS score 28 49
13th
53
IS profitability 26 27
43rd
32
IS growth 29 51
20th
50
IS value 38 59
13th
49
IS momentum 32 71
0th
73
IS risk (safety) 50 65
30th
80
IS quality 37 61
10th
65
IS balance sheet 25 43
17th
53
IS earnings quality 54 73
13th
76
IS cash flow 34 52
20th
57
Piotroski F-score (0-9) 4 5
3rd
6
Altman Z-score 2.4 2.6
43rd
3.2
Beneish M-score −2.99 −2.77
20th
−2.71
Ohlson O-score −5.97 −7.98
83rd
−7.61
IS credit score 46 61
40th
64

Per share

MeasureGISIndustry medianIndustry percentileSector median
EPS, diluted (TTM) −$1.66 $1.57
13th
$2.03
Book value per share $13.85 $15.77
40th
$16.28
Tangible book per share −$24.86 $3.64
7th
$3.52
Revenue per share $34.01 $36.47
47th
$41.08
FCF per share $2.87 $3.02
47th
$3.18
Operating cash flow per share $3.84 $3.90
47th
$4.93
Cash per share $0.81 $1.42
27th
$2.81

Size (TTM)

MeasureGISIndustry medianIndustry percentileSector median
Market cap $17.7B $2.3B
97th
$4.0B
Revenue $18.3B $3.1B
93rd
$5.2B
EBITDA $3.3B $324.9M
100th
$426.9M
Net income −$894.8M $164.2M
7th
$167.0M
Free cash flow $1.5B $315.9M
93rd
$345.6M
Total assets $30.3B $3.8B
97th
$4.8B
Shareholders' equity $7.5B $1.4B
93rd
$1.6B
Employees 30,000 7,010
90th
9,700

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-01Sharma Pankaj Mn
Segment President
Open-market sale 6,294$31.33$197,19241,325
2026-09-29Sprunk Eric D
Director
Award / grant 5,323——39,330
2026-09-29Bottarini Joan
Director
Award / grant 5,323——9,349
2026-09-29Morikis John G
Director
Award / grant 5,323——25,826
2026-09-29Uribe Jorge A.
Director
Award / grant 5,323——46,595
2026-09-29Uribe Jorge A.
Director
Tax withholding 560$33.82$18,93946,035
2026-09-29Sastre Maria
Director
Award / grant 5,323——34,081
2026-09-29Lempres Elizabeth Cahill
Director
Award / grant 5,323——29,668
2026-09-29Henry Maria
Director
Award / grant 5,323——58,467
2026-09-29Dorer Benno O
Director
Award / grant 5,323——14,592
2026-09-29Neal Diane L
Director
Award / grant 5,323——34,182
2026-09-29Jenkins Jo Ann
Director
Award / grant 5,323——25,925

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarMayJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired651,628,571$37.2M
GiftDisposed1337—
GiftAcquired1337—
Open-market saleDisposed434,289$1.2M
Tax withholdingDisposed2744,728$1.6M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 5 notices · 35,790 shares · $1.2M
FiledFilerShares proposedEst. proceeds
2026-10-01Pankaj Sharma6,294$197,192
2026-05-13Williams-Roll Jacqueline10,000$339,097
2026-05-12Ricardo Fernandez7,996$275,863
2026-05-12Williams-Roll Jacqueline10,000$342,104
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 9 trades (6 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-06-16Gilbert CisnerosHousePurchase$1,001 - $15,0002026-07-03
2026-06-16Gilbert CisnerosHousePurchase$1,001 - $15,0002026-07-03
2026-06-15Gilbert Ray CisnerosHousePurchase$1,001 - $15,0002026-07-03
2026-02-10Gilbert CisnerosHouseSale$1,001 - $15,0002026-03-10
2025-03-13Dave McCormickSenatePurchase$250,001 - $500,0002025-03-30
2025-03-13David Harold McCormickSenatePurchase$250,001 - $500,0002025-03-30
2025-02-11Tina SmithSenateSale (Full)$100,001 - $250,0002025-03-19
2025-02-11Tina SmithSenateSale$100,001 - $250,0002025-03-19
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.62,689,876$2.2B11.72%
VANGUARD CAPITAL MANAGEMENT LLC34,829,056$1.2B6.51%
STATE STREET CORP34,003,904$1.2B6.36%
VANGUARD PORTFOLIO MANAGEMENT LLC26,670,792$928.1M4.99%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC18,048,570$628.1M3.38%
Sixth Street Partners Management Company, L.P.18,048,570$628.1M3.38%
GEODE CAPITAL MANAGEMENT, LLC16,020,567$555.5M3.00%
UBS Group AG11,959,824$416.2M2.24%
MORGAN STANLEY11,358,513$395.3M2.12%
NORDEA INVESTMENT MANAGEMENT AB11,315,097$401.7M2.12%
Invesco Ltd.10,699,608$372.3M2.00%
NORGES BANK9,001,918$313.3M1.68%
GOLDMAN SACHS GROUP INC7,130,728$248.1M1.33%
ROYAL BANK OF CANADA5,131,695$178.6M0.96%
DIMENSIONAL FUND ADVISORS LP4,842,425$168.6M0.91%

Institutional ownership by quarter

2023-092026-0690.7%
% of shares held by 13F filers
2023-092026-061,346
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,34690.7%195538434146
2026-03-311,31584.7%147494464220
2025-12-311,41484.0%174427611152
2025-09-301,42781.7%120490585132
2025-06-301,46883.6%106515590187
2025-03-311,56685.3%122502674168
2024-12-311,62982.5%217548595135
2024-09-301,57679.2%158486673100
2024-06-301,53980.7%110542610140
2024-03-311,59680.3%141547654110
2023-12-311,58480.2%19353162495
2023-09-301,50882.3%105530606214

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-29SCHEDULE 13GVanguard Portfolio Management5.2%27,944,971
2026-04-29SCHEDULE 13GVanguard Capital Management7.5%40,147,406
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.02%$546.7M
VTSAX0.02%$546.7M
VTI0.02%$546.7M
VSMPX0.02%$546.7M
SCHD0.43%$484.2M
VOO0.03%$451.5M

Share structure

Shares outstanding534,687,000
Float532,428,482
Free float99.6%

Income statement

Fiscal years, USD
FY2022FY2023FY2024FY2025FY2026
Revenue$19.0B$20.1B$19.9B$19.5B$18.4B
Cost of revenue$12.6B$13.5B$12.9B$12.8B$12.2B
Gross profit$6.4B$6.5B$6.9B$6.7B$6.2B
R&D$0$0$0$0$0
SG&A$3.1B$3.5B$3.3B$3.4B$3.4B
Operating income$3.5B$3.4B$3.4B$3.3B$885.8M
EBITDA$4.2B$4.1B$4.1B$3.9B$3.4B
Pretax income$3.3B$3.2B$3.1B$2.9B$329.0M
Income tax$586.3M$612.2M$594.5M$573.7M$414.3M
Net income$2.7B$2.6B$2.5B$2.3B−$87.6M
EPS, diluted$4.42$4.31$4.31$4.10$-0.16
Diluted shares612.6M601.2M579.5M557.5M547.5M

Balance sheet

FY2022FY2023FY2024FY2025FY2026
Cash & short-term investments$819.2M$702.7M$418.0M$363.9M$453.8M
Receivables$2.0B$2.0B$1.9B$1.9B$1.6B
Inventory$1.9B$2.2B$1.9B$1.9B$1.9B
Total current assets$5.1B$5.2B$4.6B$5.3B$4.6B
PP&E, net$3.7B$4.0B$4.2B$4.0B$3.4B
Goodwill & intangibles$21.4B$21.5B$21.7B$22.7B$20.8B
Total assets$31.1B$31.5B$31.5B$33.1B$30.0B
Accounts payable$4.0B$4.2B$4.0B$4.0B$3.7B
Total current liabilities$8.0B$7.5B$7.0B$7.9B$6.8B
Long-term debt$9.1B$10.0B$11.3B$12.7B$12.4B
Total liabilities$20.3B$20.8B$21.8B$23.9B$22.6B
Shareholders' equity$10.8B$10.7B$9.6B$9.2B$7.4B

Cash flow statement

Outflows are negative
FY2022FY2023FY2024FY2025FY2026
Net income$2.7B$2.6B$2.5B$2.3B−$85.3M
Depreciation & amortization$570.3M$546.6M$552.7M$539.0M$555.2M
Stock-based compensation$98.7M$111.7M$95.3M$91.7M$79.4M
Change in working capital$277.4M−$48.9M$10.6M$192.4M−$478.3M
Operating cash flow$3.3B$2.8B$3.3B$2.9B$2.2B
Capital expenditure−$568.7M−$689.5M−$774.1M−$625.3M−$539.9M
Free cash flow$2.7B$2.1B$2.5B$2.3B$1.6B
Investing cash flow−$1.7B−$346.4M−$1.2B−$1.8B$1.3B
Net debt issued / repaid−$385.8M$133.4M$1.1B$1.7B−$1.4B
Buybacks−$876.8M−$1.4B−$2.0B−$1.2B−$500.3M
Dividends paid−$1.2B−$1.3B−$1.4B−$1.3B−$1.3B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2022FY2023FY2024FY2025FY2026
Gross margin33.7%32.6%34.9%34.6%33.6%
Operating margin18.3%17.1%17.3%17.0%4.8%
Net margin14.3%12.9%12.6%11.8%-0.5%
FCF margin14.5%10.4%12.7%11.8%8.8%
ROE27.1%24.7%25.2%24.7%-1.1%
ROIC13.2%12.8%12.5%11.0%-1.1%
ROA8.6%8.3%7.9%7.1%-0.3%
Debt / equity1.141.151.421.661.84
Interest coverage8.9x9.8x7.3x6.4x5.2x
Current ratio0.630.690.650.670.68
Revenue growth+4.8%+5.8%−1.2%−1.9%−5.4%
EPS growth+17.0%−2.1%+0.9%−4.7%−103.9%
P/E at year end13.9x17.6x14.7x12.5xn/m
EV / EBITDA at year end11.7x14.0x12.1x11.1x9.3x
FCF yield at year end7.29%4.58%6.91%8.00%8.96%
Dividend payout53.4%49.7%54.6%58.3%—

Revenue by segment

FY2025FY2026
Snacks$4.2B$4.1B
Cereal$3.1B$3.1B
Convenient meals$2.8B$2.9B
Pet—$2.8B
Pet Segment$2.6B—
Dough$2.4B$2.4B
Baking mixes and ingredients$1.9B$1.9B
Yogurt$1.4B$102.0M
Super-premium ice cream$721.6M$782.7M
Vegetables and Other$381.1M—
Other Product—$352.3M

Revenue by region · FY2026

North America Retail Segment$10.6B · 83%
North America Foodservice Segment$2.2B · 17%

Street estimates by fiscal year

Next report 2026-12-23 · consensus EPS $0.96 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$18.4B$18.2B – $18.7B$3.40$3.34 – $3.44109.7x
2026$18.4B$18.2B – $18.7B$3.40$3.33 – $3.4469.7x
2027$17.9B$17.5B – $18.7B$3.12$2.86 – $3.381110.6x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-09-23$0.72$0.75+4.6%$4.4B$4.4B+0.9%
2026-07-01$0.80$0.95+19.2%$4.6B$4.6B+0.5%
2026-03-18$0.73$0.64−12.1%$4.4B$4.4B+0.6%
2025-12-17$1.03$1.10+6.8%$4.8B$4.9B+1.7%
2025-09-17$0.82$0.86+5.1%$4.5B$4.5B−0.4%
2025-06-25$0.71$0.74+4.4%$4.6B$4.6B−0.6%
2025-03-19$0.96$1.00+4.4%$5.0B$4.8B−2.2%
2024-12-18$1.22$1.40+14.8%$5.1B$5.2B+1.9%
2024-09-18$1.06$1.07+0.9%$4.8B$4.8B+1.0%
2024-06-26$0.99$1.01+2.0%$4.9B$4.7B−2.9%
2024-03-20$1.05$1.17+11.4%$5.0B$5.1B+2.6%
2023-12-20$1.16$1.25+7.8%$5.3B$5.1B−3.9%
2023-09-20$1.08$1.09+0.9%$4.9B$4.9B+0.4%
2023-06-28$1.07$1.12+4.7%$5.2B$5.0B−2.7%
2023-03-23$0.93$0.97+4.3%$5.1B$5.1B−0.2%
2022-12-20$1.07$1.10+2.8%$5.2B$5.2B+0.5%
2022-09-21$1.00$1.11+11.0%$4.7B$4.7B−0.0%
2022-06-29$1.01$1.12+10.9%$4.8B$4.9B+1.8%
2022-03-23$0.78$0.84+7.7%$4.5B$4.5B−0.2%
2021-12-21$1.05$0.99−5.7%$4.6B$5.0B+8.9%
2021-09-22$0.89$0.99+11.2%$4.0B$4.5B+14.3%
2021-06-30$0.83$0.91+9.6%$4.3B$4.5B+4.1%
2021-03-24$0.84$0.82−2.4%$4.4B$4.5B+1.8%
2020-12-17$0.97$1.06+9.3%$4.3B$4.7B+10.2%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.206-150.406-220.606-290.407-060.507-130.407-200.407-270.308-030.308-100.308-170.408-240.508-31
Week ofNotionalSharesTrades
2026-08-31$467.4M11,647,027142,882
2026-08-24$423.6M10,436,617132,100
2026-08-17$347.6M8,882,812122,334
2026-08-10$319.2M8,380,654124,940
2026-08-03$318.0M8,808,949123,901
2026-07-27$385.4M10,408,738125,589

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1540.5%
DateShort shareShort volumeTotal volume
2026-10-1540.5%2,512,9326,205,999
2026-10-1451.6%2,177,5584,220,098
2026-10-1334.4%1,134,2943,298,842
2026-10-1246.2%1,633,8923,540,220
2026-10-0953.9%1,848,1613,428,493
2026-10-0856.7%2,412,8484,254,077
2026-10-0752.7%1,864,1223,539,138
2026-10-0650.7%2,127,1254,193,651
2026-10-0563.0%2,918,7154,631,703
2026-10-0263.0%3,612,2885,735,521
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.4Jan-0.3Feb+2.1Mar+1.5Apr+0.1May-0.3Jun+1.0Jul+0.4Aug-0.1Sep+0.7Oct+0.7Nov-0.0Dec
MonthAvg returnUp yearsYears
Jan+0.4%40%20
Feb−0.3%50%20
Mar+2.1%67%21
Apr+1.5%65%20
May+0.1%60%20
Jun−0.3%35%20
Jul+1.0%65%20
Aug+0.4%55%20
Sep−0.1%60%20
Oct+0.7%65%20
Nov+0.7%55%20
Dec−0.0%45%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1446.1
MFI50.2
ADX38.0
Stochastic %K / %D56.9 / 42.1
Williams %R-28.7
CCI8
TSI / signal-28.8 / -33.5
Chaikin money flow-0.11
ATR$1.00
Bollinger width18.4%
Volume vs 20-day avg0.64x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$32.75 (+1.2%)
SMA 50$36.23 (−8.6%)
SMA 200$37.94 (−12.7%)
EMA 21$33.18 (−0.2%)
EMA 50$34.82 (−4.9%)
EMA 200$38.46 (−13.9%)
Bollinger upper$35.76 (−7.4%)
Bollinger lower$29.74 (+11.4%)
Parabolic SAR$31.20 (+6.2%)
Open the live chart, 110+ indicators

About General Mills, Inc.

General Mills, Inc. functions as a prominent global producer and vendor of well-known consumer food brands. The company structures its widespread operations into five main divisions: North American retail, convenience stores and foodservice providers, Europe and Australia, Asia and Latin America, and a dedicated pet segment. Their broad catalog of products features a diverse range of items for consumers. This includes breakfast cereals, chilled yogurts, various soups, and ready-to-prepare meal kits. The offering also extends to refrigerated and frozen dough items, baking and dessert mixes, flours for culinary use, frozen pizzas and pizza snacks, along with an assortment of snack bars, fruit snacks, savory and grain snacks, and ice cream. For health-conscious consumers, they provide nutrition bars and wellness beverages, in addition to organic frozen and shelf-stable vegetables. Beyond direct consumer sales, General Mills supplies both branded and unbranded food goods to the North American foodservice sector and commercial bakeries. Furthermore, they are a significant participant in the pet food industry, manufacturing a variety of dog and cat food products. The company markets its merchandise under an extensive collection of trademarks, such as: Annie's, Betty Crocker, Bisquick, Blue Buffalo, Blue Basics, Blue Freedom, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, EPIC, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Helpers, Jus-Rol, Kitano, Kix, Lärabar, Latina, Liberté, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Oui, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino's, Trix, Wanchai Ferry, Wheaties, Wilderness, Yoki, and Yoplait. General Mills distributes its products through a vast network, utilizing both direct sales and arrangements with brokers and distributors. Their reach encompasses a wide array of sales points, including traditional grocery stores, large-scale mass merchandisers, membership clubs, natural food retailers, online marketplaces, various commercial and non-commercial foodservice distributors and operators, restaurants, convenience stores, specialized pet stores, as well as drug, dollar, and discount retail chains. Complementing its extensive business, the corporation also oversees 466 leased and 392 franchised ice cream parlors. General Mills, Inc., established in 1866, maintains its corporate headquarters in Minneapolis, Minnesota.

https://www.generalmills.com

Key executives

NameTitlePayBorn
Jeffrey L. HarmeningChairman & Chief Executive Officer$2.8M1967
Kofi A. BruceChief Financial Officer$1.6M1971
Dana McNabbCOO & Director$1.5M1976
Karen Wilson ThissenGeneral Counsel & Corporate Secretary$1.3M1967
Jaime MontemayorChief Digital, Technology & Transformation Officer$1.2M1964
Bethany C. QuamPresident of U.S. Morning Foods—1971
Doug MartinChief Brand & Disruptive Growth Officer——
Elizabeth A. MascoloSegment President of North America Pet—1975

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Jeffrey L. Harmening Chairman of the Board and CEO2022$1.2M$5.4M$3.6M$12.3M
Jonathon J. Nudi Group President, North America Retail2022$780,000$1.9M$1.5M$4.7M
Kofi A. Bruce Chief Financial Officer2022$750,833$1.7M$1.2M$4.3M
John. R. Church Former Chief Transformation & Enterprise Services Officer2022$452,000$1.0M$621,590$3.3M
Jaime Montemayor Chief Digital and Technology Officer2022$625,000$1.0M$769,000$2.8M
Richard C. Allendorf Former General Counsel & Secretary2022$625,000$1.0M$774,000$2.8M

Employees

40k201935k202035k202132k202234k202334k202433k202530k2026

Dividends

Ex-dateAmountPaid
2026-10-13$0.612026-11-02
2026-07-10$0.612026-08-03
2026-04-10$0.612026-05-01
2026-01-09$0.612026-02-02
2025-10-10$0.612025-11-03
2025-07-10$0.612025-08-01
2025-04-10$0.62025-05-01
2025-01-10$0.62025-02-03

Moat model

Narrow · Efficient Scale · 2026-08-30
Cost advantage60
Intangibles67
Switching costs42
Network effect45
Efficient scale75
Our component scores (0-100) and overall 57.3; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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