Skip to content
OpenCapital
Get started
Income StatementBalance SheetCash FlowSegments
General Mills logo

General Mills Income Statement

Revenue, expenses, and profitability over time

General Mills generated $18.4B in trailing twelve-month revenue, down 0.1% year-over-year. Net income was $2.2B with a 12.05% net margin. Gross margin stands at 33.02% and operating margin at 18.96%. Diluted EPS is $4.09, which declined 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$18.4BGross Profit (TTM)$6.1BOperating Income (TTM)$3.5BNet Income (TTM)$2.2BEps Diluted (TTM)$4.09
Latest FilingQ1 2026
Report Date2026-03-18
Market Cap$18.4B
P/E Ratio8.29
ROE23.8%

Operating Expenses

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Acquisition and integration costs——$6.7M———
Depreciation and amortization$129.5M$134.3M$135.6M$138.7M$138M$139.4M
Occupancy and equipment$36.4M$36.4M$36.4M———
Research and development$64.2M$64.2M$64.2M———
Selling and marketing$211.9M$211.9M$211.9M———

Other Income & Expense

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Income from equity method investments$30M$14.4M—$6.8M-$59.6M-$6.1M
Gain (loss) on disposal of assets$0$95.9M$0$1.1B$0-$5M
Interest income$6.2M$6.2M$6.2M———
Net investment gains (losses)$0$0$0———

Net Income

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Net income$795.7M$625.6M$294M$1.2B$413M$303.1M

Other

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Business Combination, Integration-Related Cost, Expense——$6.7M———
Federal$137.3M$137.3M$137.3M———
Foreign$16.4M$16.4M$16.4M———
Debt And Equity Securities Unrealized Loss$0$0$0———
Federal-$15.7M-$15.7M-$15.7M———
Deferred and other income taxes-$27.7M-$2M-$107.4M$10M$41.6M$87.8M
State-$825K-$825K-$825K———
Depreciation, Amortization and Accretion, Net$134.8M$134.8M$134.8M———
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash-$19.4M$1.1M$17.7M$4.4M-$5.9M$20.4M
Effective tax rates$0.1$0.1$0.2———
Foreign operations——-1.7%———
Distributions of earnings from equity method investees$0$7.8M$13.7M$26.9M—$6M
Equity Securities, FV-NI, Unrealized Loss$0$0$0———
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3$8.6M$8.6M$8.6M———
Gain on sale of business and assets$0$95.9M$0$1.1B$0-$5M
Increase (Decrease) in Accounts Payable, Trade$342.8M-$403.1M$223.4M-$252.5M—-$332.2M
Increase (Decrease) in Accounts Receivable———-$900K$94.6M—
Increase (Decrease) in Inventories$73.8M-$229M$78M$135.2M$7.8M-$283.6M
Increase (decrease) in other current liabilities——$33.3M$409M——
Increase (Decrease) in Prepaid Expense and Other Assets-$23.7M-$56.2M—-$36.6M—$44M
Interest Costs Capitalized Adjustment$2.7M$2.7M$2.7M———
Interest Expense Borrowings$139.9M$139.9M$139.9M———
Minority Interest Decrease From Redemptions——$252.8M———
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$851.5M-$1B-$570.4M-$1.5B-$927M-$210.2M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$157.9M-$1.3B-$216.3M$1.7B——
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$1.2B$531.9M$611.6M$397M$819.3M$397.9M
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component-$13.8M-$13.9M-$12.8M-$15.1M-$15.7M-$15.3M
Operating Lease Payments$38.2M$38.2M$38.2M———
All other operating activities-$17.7M-$19.2M—$19.3M$60.6M$9M
Payment for (Proceeds from) Other Investing Activity$3.9M$1.1M$900K$1.9M$18.2M—
Payments for Repurchase of Common Stock$300.4M$301.5M$301M$500M$100K$200K
Payments For Repurchase Of Redeemable Noncontrolling Interest$63.2M$63.2M$63.2M———
Payment related to business acquisition$0$1.4B$2M$0$0$0
Payments to Acquire Property, Plant, and Equipment$160.9M$103.9M$220.2M$109.5M$143.6M$102.4M
Payment for Pension and Other Postretirement Benefits$7.7M$7.8M$7.8M$5.2M$7.8M$8.3M
Proceeds from principal business dispositions$0$241.8M$0$1.8B—$26.8M
Debt issued (Note 13)——$854.9M——$0
Financing — other-$43M-$40.5M-$11.6M-$21.7M-$12.7M-$2M
Proceeds from (Repayments of) Short-Term Debt$16.3M$142.7M$270.1M-$654.8M-$4.7M$820.4M
Dispositions of property, plant, and equipment$300K$100K$100K$2.8M—$2.8M
Cash received from option exercises$24.4M$4.6M$4.6M$200K$100K$100K
Repayments of Long-Term Debt—$500M$800M——$698.7M
Restructuring, Settlement and Impairment Provisions$1.2M-$800K$75.7M$16.3M$122.1M$24.4M
Stock-based compensation$26.3M$20.5M$24.6M$15.1M$24.2M$26.3M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period——152.2K———
Forfeited or expired (in shares)——$67.29———
Granted (in shares)——$63.51———
Exercised (in shares)——$54.57———
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period——780.9K———
Supply chain finance program, payments$1B$1B$1B———
Invoices confirmed during the period$1B$1B$1B———
Unrecognized tax benefits, settlements$650K$650K$650K———
Interest expense and penalties, net (benefit)/charge recognized$675K$675K$675K———
Additions for tax positions of prior years$3.3M$3.3M$3.3M———

Revenue

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Debt and Equity Securities, Unrealized Gain (Loss)$1.2M$1.2M$1.2M———