General Mills, Inc.
Financial Performance
General Mills Revenue & Financials
Revenue
$18.4B (FY2026)
Market Cap
$17.9B
Employees
30,000
What is General Mills's revenue?
General Mills had $18.4B in revenue for fiscal year 2026, down 5.4% from 2025. It reported a net loss of $87.6M.
- Latest revenue
- $18.4B (FY2026)
- Year-over-year
- -5.4%
- Growth rate (CAGR)
- 1.9% over 9 years
- Peak revenue
- $20.1B (FY2023)
- Years of data
- 10
- Employees
- 30,000
- What is General Mills's operating income?
- General Mills reported operating income of $885.8M for fiscal year 2026. sec.gov
- How much profit does General Mills make?
- General Mills reported a net loss of $87.6M for fiscal year 2026. sec.gov
- How many employees does General Mills have?
- General Mills has about 30,000 employees.
Financial Analysis
Revenue peaked at $20.09 billion in fiscal 2023 after inflation-driven price increases, then slipped to $19.86 billion in fiscal 2024, $19.49 billion in fiscal 2025 and $18.42 billion in fiscal 2026 as volumes weakened and the company sold its North American yogurt businesses. Net earnings were $2.3 billion to $2.7 billion a year from fiscal 2020 to fiscal 2025 before the fiscal 2026 impairments produced a small GAAP loss. For fiscal 2027, General Mills guides organic net sales of down 1.5% to up 0.5%, adjusted operating profit down 8% to 13% in constant currency, and adjusted EPS of $3.00 to $3.20. It paid about $330 million in dividends in Q1 fiscal 2027. General Mills, Inc. is a monumental multinational manufacturer and marketer of branded consumer foods, sustaining a market valuation typically over $35 billion.
Revenue Trend Analysis
YoY Change
-5.4%
9-Year CAGR
+1.9%
Peak Year
2023
Trend
Mostly Growing
General Mills, Inc. has 10 full fiscal year figures on this page, compounding at +1.9% annually over 9 years. The most recent year saw a 5.4% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at $20.1B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2026 | $18.4B | $885.8M | -$87.6M | -5.4% | General Mills fiscal 2026 Form 10-K Fiscal year ended 2026-05-31. Net sales down 5.4% year over year. Includes a 53rd week; GAAP loss driven by impairment charges. |
| FY2025 | $19.5B | $3.3Bfiling | $2.3B | -1.9% | General Mills Form 10-K (SEC EDGAR) Fiscal year ended 2025-05-25. Net sales down 1.9% year over year. |
| FY2024 | $19.9B | $3.4Bfiling | $2.5B | -1.2% | General Mills Form 10-K (SEC EDGAR) Fiscal year ended 2024-05-26. Net sales down 1.2% year over year. |
| FY2023 | $20.1B | $3.4Bfiling | $2.6B | +5.8% | General Mills Form 10-K (SEC EDGAR) Fiscal year ended 2023-05-28. Net sales up 5.8% year over year. |
| FY2022 | $19B | $3.5Bfiling | $2.7B | +4.8% | General Mills Form 10-K (SEC EDGAR) Fiscal year ended 2022-05-29. Net sales up 4.8% year over year. |
| FY2021 | $18.1B | $3.1Bfiling | $2.3B | +2.8% | General Mills Form 10-K (SEC EDGAR) Fiscal year ended 2021-05-30. Net sales up 2.8% year over year. |
| FY2020 | $17.6B | $3Bfiling | $2.2B | +4.5% | General Mills Form 10-K (SEC EDGAR) Fiscal year ended 2020-05-31. Net sales up 4.5% year over year. |
| FY2019 | $16.9B | $2.5Bfiling | $1.8B | +7.1% | General Mills Form 10-K (SEC EDGAR) Fiscal year ended 2019-05-26. Net sales up 7.1% year over year. |
| FY2018 | $15.7B | $2.4Bfiling | $2.1B | +0.8% | General Mills Form 10-K (SEC EDGAR) Fiscal year ended 2018-05-27. Net sales up 0.8% year over year. |
| FY2017 | $15.6B | $2.5Bfiling | $1.7B | — | General Mills Form 10-K (SEC EDGAR) Fiscal year ended 2017-05-28. |
Click any row to see year details.
General Mills, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2026ended May 31, 2026 | $2.2B | $539.9M | $30B | $22.6B | $7.4B | $1.6B | Form 10-K |
| FY2025ended May 25, 2025 | $2.9B | $625.3M | $33.1B | $23.9B | $9.2B | $2.3B | Form 10-K |
| FY2024ended May 26, 2024 | $3.3B | $774.1M | $31.5B | $21.8B | $9.4B | $2.5B | Form 10-K |
| FY2023ended May 28, 2023 | $2.8B | $689.5M | $31.5B | $20.8B | $10.4B | $2.1B | Form 10-K |
| FY2022ended May 29, 2022 | $3.3B | $568.7M | $31.1B | $20.3B | $10.5B | $2.7B | Form 10-K |
| FY2021ended May 30, 2021 | $3B | $530.8M | $31.8B | $21.5B | $9.5B | $2.5B | Form 10-K |
| FY2020ended May 31, 2020 | $3.7B | $460.8M | $30.8B | $21.9B | $8.1B | $3.2B | Form 10-K |
| FY2019ended May 26, 2019 | $2.8B | $537.6M | $30.1B | $22.2B | $7.1B | $2.3B | Form 10-K |
| FY2018ended May 27, 2018 | $2.8B | $622.7M | $30.6B | $23.4B | $6.1B | $2.2B | Form 10-K |
| FY2017ended May 28, 2017 | $2.4B | $684.4M | $21.8B | $16.2B | $4.3B | $1.7B | Form 10-K |
Keep researching General Mills
General Mills Revenue and Financial FAQ
What is General Mills' annual revenue?
General Mills reported net sales of $18.42 billion for fiscal 2026 (ended May 31, 2026), down 5% from $19.49 billion in fiscal 2025 and below the fiscal 2023 peak of $20.09 billion.
Is General Mills profitable?
On an adjusted basis, yes. On a GAAP basis it reported a fiscal 2026 net loss attributable to General Mills of $87.6 million because of a $1.5 billion pet goodwill impairment and other non-cash charges. GAAP net earnings were $2.3 billion in fiscal 2025.
What were General Mills' Q1 fiscal 2027 results?
For the quarter reported September 23, 2026, net sales were $4.39 billion, down 3% mainly due to the U.S. yogurt divestiture; organic net sales were flat; adjusted operating profit was $634 million, down 11% in constant currency; and adjusted EPS was $0.75.
What is General Mills' fiscal 2027 guidance?
General Mills expects organic net sales of down 1.5% to up 0.5%, adjusted operating profit down 8% to 13% in constant currency, and adjusted diluted EPS of $3.00 to $3.20.
Does General Mills pay a dividend?
Yes. General Mills has paid dividends without interruption for more than 125 years and paid about $330 million in dividends in Q1 fiscal 2027.
How much debt does General Mills have relative to earnings?
Management cited net leverage of about 4.1x net debt to EBITDA in September 2026 and aims to return to about 3x by fiscal 2030.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "General Mills Revenue & Financials." CorpDigest, https://corpdigest.com/company/general-mills/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>General Mills reported $18.4B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/general-mills/financials" target="_blank" rel="noopener">CorpDigest — General Mills financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore General Mills
Core profile pages, founders and related research hubs for this company.