Non-Current Assets
Construction in progress
General Mills Construction in progress decreased by 33.5% to $598.10M in Q1 2025 compared to the prior quarter. Over 3 years (FY 2022 to FY 2025), Construction in progress shows an upward trend with a 6.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryGrowth
SignalHigher is better
VolatilityVolatile
First reportedQ4 2022
Last reportedQ4 2025Jun 26, 2025
Parent metricPP&E (Net)
How to read this metric
A high balance indicates significant ongoing capital expenditure and future growth potential through expanded production capacity.
Detailed definition
The accumulated costs for capital projects that are currently under construction and not yet ready for operational use....
Peer comparison
Reflects the company's current investment cycle and long-term growth strategy compared to industry peers.
Metric ID:
ppe_construction_in_progressHistorical Data
4 periods
| Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|
| Value | $492.80M | $746.70M | $899.90M | $598.10M |
| QoQ Change | — | +51.5% | +20.5% | -33.5% |
| YoY Change | — | +51.5% | +20.5% | -33.5% |
| % of PP&E (Net) | 14.5% | 20.5% | 23.3% | 16.5% |
| Share Change | — | +6.0pp | +2.8pp | -6.8pp |
Range$492.80M – $899.90M
Avg YoY Growth+12.8%
Median YoY Growth+20.5%
Construction in progress at Other Companies
Frequently Asked Questions
- What is General Mills's construction in progress?
- General Mills (GIS) reported construction in progress of $598.10M in Q1 2025.
- What is the long-term trend for General Mills's construction in progress?
- Over 3 years (2022 to 2025), General Mills's construction in progress has grown at a 6.7% compound annual growth rate (CAGR), from $492.80M to $598.10M.
- What does construction in progress mean?
- The value of capital projects currently being built but not yet in use.