Effective Income Tax Rate Reconciliation, Percent
General Mills Effective Income Tax Rate Reconciliation, Percent remained flat by 0.0% to 5.1% in Q1 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.1%, from 4.9% to 5.1%. Over 4 years (FY 2021 to FY 2025), Effective Income Tax Rate Reconciliation, Percent shows relatively stable performance with a -2.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A lower rate generally indicates higher tax efficiency, though it must be analyzed alongside the quality of earnings and tax strategy.
Detailed definition
The total income tax expense as a percentage of pre-tax income from continuing operations. This metric provides a compre...
Peer comparison
The standard benchmark for tax efficiency; comparable across all public companies regardless of industry.
other_effective_income_tax_rate_continuing_operationsHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | 22% | 18.3% | 19.5% | 19.6% | 20.2% |
| YoY Change | — | -16.8% | +6.6% | +0.5% | +3.1% |
Effective Income Tax Rate Reconciliation, Percent at Other Companies
Frequently Asked Questions
- What is General Mills's effective income tax rate reconciliation, percent?
- General Mills (GIS) reported effective income tax rate reconciliation, percent of 5.1% in Q1 2025.
- How has General Mills's effective income tax rate reconciliation, percent changed year-over-year?
- General Mills's effective income tax rate reconciliation, percent increased by 3.1% year-over-year, from 4.9% to 5.1%.
- What is the long-term trend for General Mills's effective income tax rate reconciliation, percent?
- Over 4 years (2021 to 2025), General Mills's effective income tax rate reconciliation, percent has grown at a -2.1% compound annual growth rate (CAGR), from 22.0% to 20.2%.
- What does effective income tax rate reconciliation, percent mean?
- The company's total tax expense expressed as a percentage of its pre-tax income.