G

GENERAL MILLS, INC.

GIS · CIK 0000040704

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$18.42B5.4%
FY2026
Net income (FY)
−$87.6M103.8%
FY2026
Free cash flow (FY)
$1.63B29.1%
FY2026
Diluted EPS (FY)
$-0.16103.9%
FY2026
The story, charted

The shape of the business

FY2008–FY2026 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2008 · Revenue $13.65B · Net income $1.29B · 0000950123-10-064517 · filed 2010-07-09FY08Revenue $13.65BNet income $1.29B0000950123-10-064517 · filed 2010-07-09FY2009 · Revenue $14.56B · Net income $1.30B · 0000950123-11-064606 · filed 2011-07-08FY09Revenue $14.56BNet income $1.30B0000950123-11-064606 · filed 2011-07-08FY2010 · Revenue $14.64B · Net income $1.53B · 0001193125-12-293636 · filed 2012-07-03FY10Revenue $14.64BNet income $1.53B0001193125-12-293636 · filed 2012-07-03FY2011 · Revenue $14.88B · Net income $1.80B · 0001193125-13-282371 · filed 2013-07-03FY11Revenue $14.88BNet income $1.80B0001193125-13-282371 · filed 2013-07-03FY2012 · Revenue $16.66B · Net income $1.57B · 0001193125-14-260716 · filed 2014-07-03FY12Revenue $16.66BNet income $1.57B0001193125-14-260716 · filed 2014-07-03FY2013 · Revenue $17.77B · Net income $1.86B · 0001193125-15-245476 · filed 2015-07-06FY13Revenue $17.77BNet income $1.86B0001193125-15-245476 · filed 2015-07-06FY2014 · Revenue $17.91B · Net income $1.82B · 0001193125-16-638404 · filed 2016-06-30FY14Revenue $17.91BNet income $1.82B0001193125-16-638404 · filed 2016-06-30FY2015 · Revenue $17.63B · Net income $1.22B · 0001193125-17-217396 · filed 2017-06-29FY15Revenue $17.63BNet income $1.22B0001193125-17-217396 · filed 2017-06-29FY2016 · Revenue $16.56B · Net income $1.70B · 0001193125-18-209377 · filed 2018-06-29FY16Revenue $16.56BNet income $1.70B0001193125-18-209377 · filed 2018-06-29FY2017 · Revenue $15.62B · Net income $1.66B · 0001193125-19-184675 · filed 2019-06-28FY17Revenue $15.62BNet income $1.66B0001193125-19-184675 · filed 2019-06-28FY2018 · Revenue $15.74B · Net income $2.13B · 0001193125-20-186469 · filed 2020-07-02FY18Revenue $15.74BNet income $2.13B0001193125-20-186469 · filed 2020-07-02FY2019 · Revenue $16.87B · Net income $1.75B · 0001193125-21-204830 · filed 2021-06-30FY19Revenue $16.87BNet income $1.75B0001193125-21-204830 · filed 2021-06-30FY2020 · Revenue $17.63B · Net income $2.18B · 0001193125-22-185257 · filed 2022-06-30FY20Revenue $17.63BNet income $2.18B0001193125-22-185257 · filed 2022-06-30FY2021 · Revenue $18.13B · Net income $2.34B · 0001193125-23-177500 · filed 2023-06-28FY21Revenue $18.13BNet income $2.34B0001193125-23-177500 · filed 2023-06-28FY2022 · Revenue $18.99B · Net income $2.71B · 0001193125-24-168943 · filed 2024-06-26FY22Revenue $18.99BNet income $2.71B0001193125-24-168943 · filed 2024-06-26FY2023 · Revenue $20.09B · Net income $2.59B · 0001193125-25-147079 · filed 2025-06-26FY23Revenue $20.09BNet income $2.59B0001193125-25-147079 · filed 2025-06-26FY2024 · Revenue $19.86B · Net income $2.50B · 0001628280-26-046466 · filed 2026-07-01FY24Revenue $19.86BNet income $2.50B0001628280-26-046466 · filed 2026-07-01FY2025 · Revenue $19.49B · Net income $2.30B · 0001628280-26-046466 · filed 2026-07-01FY25Revenue $19.49BNet income $2.30B0001628280-26-046466 · filed 2026-07-01FY2026 · Revenue $18.42B · Net income −$87.6M · 0001628280-26-046466 · filed 2026-07-01FY26Revenue $18.42BNet income −$87.6M0001628280-26-046466 · filed 2026-07-01FY26Revenue $18.42BNet income −$87.6M0001628280-26-046466 · filed 2026-07-01FY08FY11FY14FY17FY20FY23FY26

revenue 1.3× since FY2008 · net margin 9.5% → -0.5%

MarginsNet marginFCF margin
0%10%FY2008 · Net margin 9.5% · FCF margin 8.8%FY08Net margin 9.5%FCF margin 8.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 9.0% · FCF margin 8.7%FY09Net margin 9.0%FCF margin 8.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 10.5% · FCF margin 10.5%FY10Net margin 10.5%FCF margin 10.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 12.1% · FCF margin 5.9%FY11Net margin 12.1%FCF margin 5.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 9.4% · FCF margin 10.4%FY12Net margin 9.4%FCF margin 10.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 10.4% · FCF margin 13.0%FY13Net margin 10.4%FCF margin 13.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 10.2% · FCF margin 10.5%FY14Net margin 10.2%FCF margin 10.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 6.9% · FCF margin 10.4%FY15Net margin 6.9%FCF margin 10.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 10.2% · FCF margin 12.3%FY16Net margin 10.2%FCF margin 12.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 10.6% · FCF margin 11.1%FY17Net margin 10.6%FCF margin 11.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 13.5% · FCF margin 14.1%FY18Net margin 13.5%FCF margin 14.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 10.4% · FCF margin 13.5%FY19Net margin 10.4%FCF margin 13.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 12.4% · FCF margin 18.2%FY20Net margin 12.4%FCF margin 18.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 12.9% · FCF margin 13.5%FY21Net margin 12.9%FCF margin 13.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 14.3% · FCF margin 14.5%FY22Net margin 14.3%FCF margin 14.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 12.9% · FCF margin 10.4%FY23Net margin 12.9%FCF margin 10.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 12.6% · FCF margin 12.7%FY24Net margin 12.6%FCF margin 12.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 11.8% · FCF margin 11.8%FY25Net margin 11.8%FCF margin 11.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2026 · Net margin -0.5% · FCF margin 8.8%FY26Net margin -0.5%FCF margin 8.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY26Net margin -0.5%FCF margin 8.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’10’14’18’22’26

FY2026: net -0.5% · free cash flow 8.8% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2B$3BFY2008 · OCF $1.73B · FCF $1.21B · 0000950123-10-064517 · filed 2010-07-09FY08OCF $1.73BFCF $1.21B0000950123-10-064517 · filed 2010-07-09FY2009 · OCF $1.83B · FCF $1.27B · 0000950123-11-064606 · filed 2011-07-08FY09OCF $1.83BFCF $1.27B0000950123-11-064606 · filed 2011-07-08FY2010 · OCF $2.18B · FCF $1.53B · 0001193125-12-293636 · filed 2012-07-03FY10OCF $2.18BFCF $1.53B0001193125-12-293636 · filed 2012-07-03FY2011 · OCF $1.53B · FCF $882.3M · 0001193125-13-282371 · filed 2013-07-03FY11OCF $1.53BFCF $882.3M0001193125-13-282371 · filed 2013-07-03FY2012 · OCF $2.41B · FCF $1.73B · 0001193125-14-260716 · filed 2014-07-03FY12OCF $2.41BFCF $1.73B0001193125-14-260716 · filed 2014-07-03FY2013 · OCF $2.93B · FCF $2.31B · 0001193125-15-245476 · filed 2015-07-06FY13OCF $2.93BFCF $2.31B0001193125-15-245476 · filed 2015-07-06FY2014 · OCF $2.54B · FCF $1.88B · 0001193125-15-245476 · filed 2015-07-06FY14OCF $2.54BFCF $1.88B0001193125-15-245476 · filed 2015-07-06FY2015 · OCF $2.54B · FCF $1.83B · 0001193125-15-245476 · filed 2015-07-06FY15OCF $2.54BFCF $1.83B0001193125-15-245476 · filed 2015-07-06FY2016 · OCF $2.76B · FCF $2.03B · 0001193125-18-209377 · filed 2018-06-29FY16OCF $2.76BFCF $2.03B0001193125-18-209377 · filed 2018-06-29FY2017 · OCF $2.42B · FCF $1.73B · 0001193125-19-184675 · filed 2019-06-28FY17OCF $2.42BFCF $1.73B0001193125-19-184675 · filed 2019-06-28FY2018 · OCF $2.84B · FCF $2.22B · 0001193125-20-186469 · filed 2020-07-02FY18OCF $2.84BFCF $2.22B0001193125-20-186469 · filed 2020-07-02FY2019 · OCF $2.81B · FCF $2.27B · 0001193125-21-204830 · filed 2021-06-30FY19OCF $2.81BFCF $2.27B0001193125-21-204830 · filed 2021-06-30FY2020 · OCF $3.68B · FCF $3.22B · 0001193125-22-185257 · filed 2022-06-30FY20OCF $3.68BFCF $3.22B0001193125-22-185257 · filed 2022-06-30FY2021 · OCF $2.98B · FCF $2.45B · 0001193125-23-177500 · filed 2023-06-28FY21OCF $2.98BFCF $2.45B0001193125-23-177500 · filed 2023-06-28FY2022 · OCF $3.32B · FCF $2.75B · 0001193125-24-168943 · filed 2024-06-26FY22OCF $3.32BFCF $2.75B0001193125-24-168943 · filed 2024-06-26FY2023 · OCF $2.78B · FCF $2.09B · 0001193125-25-147079 · filed 2025-06-26FY23OCF $2.78BFCF $2.09B0001193125-25-147079 · filed 2025-06-26FY2024 · OCF $3.30B · FCF $2.53B · 0001628280-26-046466 · filed 2026-07-01FY24OCF $3.30BFCF $2.53B0001628280-26-046466 · filed 2026-07-01FY2025 · OCF $2.92B · FCF $2.29B · 0001628280-26-046466 · filed 2026-07-01FY25OCF $2.92BFCF $2.29B0001628280-26-046466 · filed 2026-07-01FY2026 · OCF $2.17B · FCF $1.63B · 0001628280-26-046466 · filed 2026-07-01FY26OCF $2.17BFCF $1.63B0001628280-26-046466 · filed 2026-07-01FY26OCF $2.17BFCF $1.63B0001628280-26-046466 · filed 2026-07-01’10’14’18’22’26

FY2026: $2.17B operating cash − $539.9M capex = $1.63B free cash flow

Returns on capitalReturn on equityReturn on assets
0%20%40%FY2009 · ROE 25.2% · ROA 7.3%FY09ROE 25.2%ROA 7.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 28.3% · ROA 8.7%FY10ROE 28.3%ROA 8.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 28.3% · ROA 9.6%FY11ROE 28.3%ROA 9.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 24.4% · ROA 7.4%FY12ROE 24.4%ROA 7.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 27.8% · ROA 8.2%FY13ROE 27.8%ROA 8.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 27.9% · ROA 7.9%FY14ROE 27.9%ROA 7.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 24.4% · ROA 5.6%FY15ROE 24.4%ROA 5.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 34.4% · ROA 7.8%FY16ROE 34.4%ROA 7.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 38.3% · ROA 7.6%FY17ROE 38.3%ROA 7.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 34.7% · ROA 7.0%FY18ROE 34.7%ROA 7.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 24.8% · ROA 5.8%FY19ROE 24.8%ROA 5.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 27.1% · ROA 7.1%FY20ROE 27.1%ROA 7.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 24.7% · ROA 7.3%FY21ROE 24.7%ROA 7.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 25.7% · ROA 8.7%FY22ROE 25.7%ROA 8.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 24.8% · ROA 8.2%FY23ROE 24.8%ROA 8.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 26.6% · ROA 7.9%FY24ROE 26.6%ROA 7.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 24.9% · ROA 6.9%FY25ROE 24.9%ROA 6.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2026 · ROE -1.2% · ROA -0.3%FY26ROE -1.2%ROA -0.3%derived: net income ÷ equity · derived: net income ÷ assetsFY26ROE -1.2%ROA -0.3%derived: net income ÷ equity · derived: net income ÷ assets’10’14’18’22’26

return on equity 25% (FY2009) → -1% (FY2026) · on assets -0.3%

Balance sheetLiabilitiesEquity
$0$10B$20B$30BFY2009 · Liabilities $12.46B · Equity $5.17BFY09Liabilities $12.46BEquity $5.17B0000950123-10-064517 · filed 2010-07-09FY2010 · Liabilities $12.03B · Equity $5.40BFY10Liabilities $12.03BEquity $5.40B0000950123-11-064606 · filed 2011-07-08FY2011 · Liabilities $12.06B · Equity $6.37BFY11Liabilities $12.06BEquity $6.37B0001193125-12-293636 · filed 2012-07-03FY2012 · Liabilities $13.37B · Equity $6.42BFY12Liabilities $13.37BEquity $6.42B0001193125-13-282371 · filed 2013-07-03FY2013 · Liabilities $14.56B · Equity $6.67BFY13Liabilities $14.56BEquity $6.67B0001193125-14-260716 · filed 2014-07-03FY2014 · Liabilities $15.16B · Equity $6.53BFY14Liabilities $15.16BEquity $6.53B0001193125-15-245476 · filed 2015-07-06FY2015 · Liabilities $15.66B · Equity $5.00BFY15Liabilities $15.66BEquity $5.00B0001193125-16-638404 · filed 2016-06-30FY2016 · Liabilities $15.56B · Equity $4.93BFY16Liabilities $15.56BEquity $4.93B0001193125-17-217396 · filed 2017-06-29FY2017 · Liabilities $16.22B · Equity $4.33BFY17Liabilities $16.22BEquity $4.33B0001193125-18-209377 · filed 2018-06-29FY2018 · Liabilities $23.36B · Equity $6.14BFY18Liabilities $23.36BEquity $6.14B0001193125-19-184675 · filed 2019-06-28FY2019 · Liabilities $22.19B · Equity $7.05BFY19Liabilities $22.19BEquity $7.05B0001193125-20-186469 · filed 2020-07-02FY2020 · Liabilities $21.91B · Equity $8.06BFY20Liabilities $21.91BEquity $8.06B0001193125-21-204830 · filed 2021-06-30FY2021 · Liabilities $21.46B · Equity $9.47BFY21Liabilities $21.46BEquity $9.47B0001193125-22-185257 · filed 2022-06-30FY2022 · Liabilities $20.30B · Equity $10.54BFY22Liabilities $20.30BEquity $10.54B0001193125-23-177500 · filed 2023-06-28FY2023 · Liabilities $20.75B · Equity $10.45BFY23Liabilities $20.75BEquity $10.45B0001193125-24-168943 · filed 2024-06-26FY2024 · Liabilities $21.82B · Equity $9.40BFY24Liabilities $21.82BEquity $9.40B0001193125-25-147079 · filed 2025-06-26FY2025 · Liabilities $23.86B · Equity $9.20BFY25Liabilities $23.86BEquity $9.20B0001628280-26-046466 · filed 2026-07-01FY2026 · Liabilities $22.64B · Equity $7.37BFY26Liabilities $22.64BEquity $7.37B0001628280-26-046466 · filed 2026-07-01FY26Liabilities $22.64BEquity $7.37B0001628280-26-046466 · filed 2026-07-01’10’14’18’22’26

FY2026: $30.02B assets · $22.64B liabilities · $7.37B equity

The receipts