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General Mills GIS Pre-Tax Income

Discontinued — last reported Q3 '26

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Other financials

Income statement

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Revenue$4.6B+1.2%
Gross profit$1.6B+8.8%
Operating income$524.6M-41.1%
Net income-$2.0B-783%
EPS (diluted)-$3.74-806%

Balance sheet

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Cash & equivalents$453.8M+24.7%
Total debt$12.9B-15.8%
Total equity$7.4B-19.9%
Total assets$30.0B-9.2%

Cash flow

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Operating cash flow$552.0M-9.7%
CapEx$184.4M-16.3%
Free cash flow$367.6M-6.1%

Valuation

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Market cap$19.08B-28.2%
Enterprise value$31.51B-22.5%
P/S-0.3×

Profitability

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Gross margin33%-2.3pp
Operating margin4.8%-12.2pp
Net margin-0.5%-12.3pp
FCF margin5%-6.8pp

Returns & leverage

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Return on equity-1.1%-25.8pp
Debt / equity1.8×+0.2×
Current ratio0.7×0.0×

Where this comes from

Reported directly by General Mills in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments.

The source filing: General Mills’s 10-Q, filed March 18, 2026.

Filed
Mar 18, 2026, 12:00 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-019398
Line itemQuarter Ended / Feb. 22, 2026Quarter Ended / Feb. 23, 2025Nine-Month Period Ended / Feb. 22, 2026Nine-Month Period Ended / Feb. 23, 2025
Operating profit524.6891.42,978.42,800.8
Benefit plan non-service income(15.3)(13.9)(46.1)(41.6)
Interest, net128.4136.3387.1384.5
Earnings before income taxes and after-tax (loss) earnings from joint ventures411.5769.02,637.42,457.9
Income taxes99.9152.4654.7504.6
After-tax (loss) earnings from joint ventures(6.1)14.4(58.9)63.6
Net earnings, including earnings attributable to noncontrolling interests305.5631.01,923.82,016.9
Net earnings attributable to noncontrolling interests2.45.43.515.7

Item 1. Financial Statements.

FAQ

What is General Mills's pre-tax income?
General Mills (GIS) reported pre-tax income of $411.5M in Q4 2025.
How has General Mills's pre-tax income changed year-over-year?
General Mills's pre-tax income decreased by 46.5% year-over-year, from $769M to $411.5M.
What is the long-term trend for General Mills's pre-tax income?
Over 3 years (2022 to 2025), General Mills's pre-tax income has grown at a -4.1% compound annual growth rate (CAGR), from $3.21B to $2.84B.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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