General Mills GIS Ratios & Valuation
| Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 33%-2.3pp | 33.8%-1.5pp | 34.3%-0.3pp | 34.6%-0.4pp | 35.4%+0.8pp | |
| Operating margin | 19%+0.7pp | 20.5%+2.4pp | 21.9%+5.1pp | 17%-0.3pp | 18.2%+1.0pp | |
| Net margin | 12.1%-1.0pp | 13.5%+0.4pp | 15.2%+3.1pp | 11.8%-0.8pp | 13%+0.4pp | |
| EBITDA margin | 22%+1.0pp | 23.4%+2.5pp | 24.7%+5.1pp | 19.7%-0.3pp | 21%+1.1pp | |
| Free cash flow margin | 9%-3.6pp | 9.5%-4.6pp | 10.9%-3.1pp | 11.8%-1.0pp | 12.6%+0.9pp | |
| Returns | ||||||
| Return on equity | 23.8%-3.6pp | 27.4%-0.6pp | 31.1%+6.5pp | 24.7%-0.5pp | 27.4%+1.4pp | |
| Return on assets | 6.8%-1.2pp | 7.7%-0.4pp | 9%+1.4pp | 7.1%-0.8pp | 8.1%-0.2pp | |
| Return on invested capital | 12.8%-0.7pp | 14.7%+0.6pp | 15.2%+3.1pp | 11.4%-1.1pp | 13.5%+0.3pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×-0.1× | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | |
| Inventory turnover | 6.9×-0.1× | 6.2×0.0× | 6.2×+0.1× | 6.7×+0.3× | 7×+0.2× | |
| Liquidity | ||||||
| Current ratio | 0.6×-0.1× | 0.7×-0.3× | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | |
| Quick ratio | 0.4×-0.1× | 0.4×-0.3× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | |
| Cash ratio | 0.1×0.0× | 0.1×-0.2× | 0.1×+0.1× | 0×0.0× | 0.1×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 1.3×-0.1× | 1.3×-0.1× | 1.3×-0.1× | 1.7×+0.2× | 1.3×0.0× | |
| Debt-to-assets | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.5×0.0× | 0.4×0.0× | |
| Net debt / EBITDA | 2.7×-0.1× | 2.6×+0.1× | 2.4×-0.9× | 3.9×+0.6× | 2.8×-0.1× | |
| Interest coverage | 6.6×-0.4× | 7.2×-0.1× | 7.9×+1.0× | 6.3×-0.9× | 7.1×-0.5× | |
| Valuation | ||||||
| Market capitalization | $24.13B-27.8% | $25.26B-31.3% | $26.38B-34.4% | $29.64B-23.6% | $33.42B-8.3% | |
| Enterprise value | $35.18B-22.1% | $36.75B-22.1% | $37.66B-29.1% | $44.58B-13.8% | $45.14B-6.7% | |
| Price / earnings | 10.9×-2.2× | 10×-4.2× | 9×-7.7× | 12.9×-2.6× | 13.1×-1.2× | |
| Price / sales | 1.3×-0.4× | 1.3×-0.5× | 1.4×-0.7× | 1.5×-0.4× | 1.7×-0.1× | |
| Price / book | 2.6×-1.0× | 2.7×-1.3× | 2.8×-1.6× | 3.2×-0.9× | 3.6×-0.3× | |
| EV / EBITDA | 8.7×-2.2× | 8.4×-3.0× | 8×-5.7× | 11.6×-1.4× | 10.9×-1.1× | |
| EV / sales | 1.9×-0.4× | 2×-0.4× | 2×-0.7× | 2.3×-0.3× | 2.3×-0.1× | |
| Free cash flow yield | 6.8%-0.6pp | 7.1%-0.6pp | 7.9%+1.0pp | 7.7%+1.2pp | 7.4%+0.9pp | |
| Earnings yield | 9.2%+1.5pp | 10%+3.0pp | 11.1%+5.1pp | 7.7%+1.3pp | 7.7%+0.6pp | |
| Dividend yield | 5.5%+1.4pp | 5.2%+1.6pp | 5%+1.7pp | 4.5%+1.0pp | 4%+0.3pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are General Mills's profit margins?
- General Mills (GIS) runs a 33.0% gross margin and a 19.0% operating margin, with a 12.1% net margin.
- Where do General Mills's ratios come from?
- Every ratio is computed from General Mills's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
