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General Mills

Packaged Foods & Meats

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Business at a glance

Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work

Operating health38
Growth11
Profitability25
Cash generation46
Balance sheet10
Dilution control100
Key ratios and five-year financials
Latest quarter revenue YoY (2026-08-30)-2.8%Revenue growth (FY)-5.4%Revenue CAGR (3y)-2.9%Gross margin33.6%Operating margin4.8%Net margin-0.5%Free cash flow margin8.8%R&D / revenue1.4%Stock comp / revenue0.4%Net debt / operating cash flow6.53xCurrent ratio0.68Diluted share count change-3.6%
Fiscal year endingFY 2022-05FY 2023-05FY 2024-05FY 2025-05FY 2026-05
Revenue$19.0B$20.1B$19.9B$19.5B$18.4B
Gross profit$6.4B$6.5B$6.9B$6.7B$6.2B
Operating income$3.5B$3.4B$3.4B$3.3B$886M
Net income$2.7B$2.6B$2.5B$2.3B-$88M
Operating cash flow$3.3B$2.8B$3.3B$2.9B$2.2B
Capital expenditure$569M$690M$774M$625M$540M
Free cash flow$2.7B$2.1B$2.5B$2.3B$1.6B
R&D$243M$258M$258M$257M$256M
Stock-based comp$99M$112M$95M$92M$79M
Buybacks$877M$1.4B$2.0B$1.2B$500M
Dividends$1.2B$1.3B$1.4B$1.3B$1.3B
Cash$569M$586M$418M$364M$454M
Total debt$9.9B$10.0B$11.3B$16.4B$14.6B
Equity$10.5B$10.4B$9.4B$9.2B$7.4B

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