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General Mills GIS Operating Income

Discontinued — last reported Q3 '26

Operating Income at other companies

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-$5.85M-83.4%
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Lifeway FoodsLWAY
$6.33M+302%

Segments

By segment

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North America Retail$506.4M+6.9%
North America Pet$160M+14.2%
North America Foodservice$101.3M+21.9%
International$61M+81.0%

Other financials

Income statement

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Revenue$4.6B+1.2%
Gross profit$1.6B+8.8%
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$19.33B-31.3%
Enterprise value$31.76B-24.7%
P/S1.1×-0.4×

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:OperatingIncomeLoss.

The official record: General Mills’s 10-Q, filed March 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is General Mills's operating income?
General Mills (GIS) reported operating income of $524.6M in Q4 2025.
How has General Mills's operating income changed year-over-year?
General Mills's operating income decreased by 41.1% year-over-year, from $891.4M to $524.6M.
What is the long-term trend for General Mills's operating income?
Over 3 years (2022 to 2025), General Mills's operating income has grown at a -1.7% compound annual growth rate (CAGR), from $3.48B to $3.3B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.