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General Mills (GIS)
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General Mills Income Statement 2026-2007 | GIS
Brief overview of income trends at General Mills
The figures are compared over a five-year interval. Revenue reported by General Mills was $15.7 billion at the beginning of the period and $2 billion at the end. Overall revenue changed by −87.6%, equal to an annualized rate of about −34.1%. Sales followed a declining trajectory over the five years.
The five-year change in gross profit reached −68.2%: from $5.4 billion to $1.7 billion. Cost of revenue developed less favorably than sales and pressured gross profitability. The gross margin was 34.5% at the start and 88.3% at the end. A wider margin shows that the economics of the core business improved.
EBITDA was $3.1 billion at the beginning and $4 billion at the end of the period (+27.2%). Additional revenue translated efficiently into EBITDA. The EBITDA share of revenue changed from 19.9% to 203.4%. A wider margin confirms stronger operating efficiency.
Net income changed from $2.1 billion to $615 million (−71.1%). Revenue converted into net income more efficiently.
Over the period, capitalization shifted from 31.5 billion dollars to 45.7 billion dollars (+45.1%). Capitalization rose despite deteriorating fundamentals.
Overall conclusion
The five-year picture requires weighing both strengths and weaknesses. Key strengths include higher operating efficiency and better sales economics. The main areas of concern are a weaker final result and a softer top-line trend. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement General Mills
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
20.3 B | 20.9 B | 21.7 B | 45.7 B | 46.7 B | 41.1 B | 37.5 B | 36.7 B | 31.5 B | 38 B | 45 B | 33.4 B | 36.7 B | 33.1 B | 26.1 B | 25.5 B | 23.7 B | 17 B | - | - |
Shares |
538 M | 554 M | 576 M | 595 M | 608 M | 614 M | 608 M | 684 M | 684 M | 684 M | 684 M | 600 M | 684 M | 684 M | 684 M | 684 M | 660 M | 664 M | - | - |
Historical Prices |
37.8 | 37.8 | 37.8 | 76.8 | 76.8 | 66.9 | 52.8 | 45.4 | 42 | 43.2 | 49.9 | 47.2 | 41.5 | 37.4 | 33.5 | 26.9 | 36 | 25.6 | 31.4 | 30.7 |
Net Income |
-2.01 B | 413 M | 796 M | 596 M | 606 M | 597 M | 2.18 B | 1.75 B | 2.13 B | 1.66 B | 1.7 B | 1.22 B | 1.82 B | 1.86 B | 1.57 B | 1.8 B | 614 M | 566 M | 1.29 B | - |
Revenue |
4.61 B | 4.86 B | 5.24 B | 1.96 B | 2.13 B | 2.19 B | 17.6 B | 16.9 B | 15.7 B | 15.6 B | 16.6 B | 17.6 B | 17.9 B | 17.8 B | 16.7 B | 14.9 B | - | - | - | - |
Cost of Revenue |
12.2 B | 12.8 B | 12.9 B | 13.5 B | 12.6 B | 11.7 B | 11.5 B | 11.1 B | 10.3 B | 10.1 B | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
1.6 B | 1.69 B | 1.93 B | 1.77 B | 1.71 B | 1.63 B | 6.13 B | 5.85 B | 5.43 B | 5.65 B | 5.91 B | 5.95 B | 6.38 B | 6.43 B | 6.04 B | 5.95 B | 1.63 B | 1.73 B | - | - |
Operating Income |
886 M | 3.3 B | 3.43 B | 3.43 B | 3.48 B | 3.14 B | 2.95 B | 2.52 B | 2.42 B | 2.49 B | 2.71 B | 2.08 B | 2.96 B | 2.85 B | 2.56 B | 2.77 B | 2.61 B | 2.32 B | 2.23 B | - |
Interest Expense |
- | - | - | 382 M | 380 M | 420 M | 466 M | 522 M | 374 M | 295 M | 304 M | 315 M | 302 M | 317 M | 352 M | 346 M | 402 M | 383 M | 400 M | - |
EBITDA |
1.44 B | 3.84 B | 3.98 B | 3.98 B | 4.05 B | 3.75 B | 3.57 B | 3.22 B | 3.13 B | 3.17 B | 3.32 B | 3.21 B | 3.54 B | 3.44 B | 3.1 B | 3.25 B | 3.06 B | 2.78 B | 2.69 B | - |
Operating Expenses |
- | - | - | - | - | - | 3.15 B | 3.25 B | 2.92 B | 3.09 B | 3.2 B | 3.33 B | 3.42 B | 3.58 B | 3.48 B | 3.18 B | - | - | - | - |
General and Administrative Expenses |
3.39 B | 3.45 B | 3.26 B | 3.5 B | 3.15 B | 3.08 B | 3.15 B | 2.92 B | 2.83 B | 2.89 B | 3.11 B | 3.33 B | 3.46 B | 3.58 B | 3.38 B | 3.19 B | 3.16 B | 2.89 B | 2.57 B | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement General Mills
| 2027-Q1 | 2026-Q4 | 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2010-Q3 | 2010-Q2 | 2010-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
541 M | - | 537 M | 536 M | 537 M | - | 541 M | 557 M | 553 M | 557 M | 560 M | 580 M | 570 M | 580 M | 586 M | 596 M | 592 M | 596 M | 600 M | 598 M | 607 M | 609 M | 610 M | 610 M | 615 M | 615 M | 614 M | 615 M | 614 M | 607 M | 606 M | 607 M | 606 M | 599 M | 598 M | 599 M | 598 M | 571 M | 576 M | 571 M | 576 M | 589 M | 600 M | 589 M | 600 M | 599 M | 602 M | 599 M | 602 M | 603 M | 613 M | 603 M | 613 M | 633 M | 643 M | 633 M | 643 M | 648 M | 650 M | 648 M | 650 M | 646 M | 648 M | 646 M | 648 M | - | - | - | - |
Net Income |
1.2 B | 580 M | 303 M | 413 M | 303 M | 674 M | 1.2 B | 796 M | 626 M | 796 M | 580 M | 596 M | 670 M | 596 M | 674 M | 606 M | 553 M | 606 M | 820 M | 1.43 B | 660 M | 597 M | 627 M | 1.22 B | 627 M | 688 M | 639 M | 688 M | 639 M | 581 M | 521 M | 581 M | 521 M | 343 M | 392 M | 343 M | 392 M | 430 M | 405 M | 430 M | 405 M | 482 M | 409 M | 482 M | 409 M | 530 M | 427 M | 530 M | 427 M | 346 M | 345 M | 346 M | 345 M | 550 M | 459 M | 550 M | 459 M | 542 M | 549 M | 542 M | 549 M | 445 M | 406 M | 445 M | 406 M | - | 332 M | 566 M | 421 M |
Revenue |
4.52 B | 4.85 B | 4.44 B | 4.86 B | 4.44 B | 4.9 B | 4.52 B | 5.24 B | 4.84 B | 5.24 B | 4.85 B | 5.14 B | 5.1 B | 5.14 B | 4.9 B | 5.22 B | 5.13 B | 5.22 B | 4.72 B | 9.94 B | 4.54 B | 5.02 B | 4.54 B | 9.56 B | 4.54 B | 4.72 B | 4.36 B | 4.72 B | 4.36 B | 4.42 B | 4 B | 4.42 B | 4 B | 4.41 B | 4.09 B | 3.89 B | 3.88 B | 4.2 B | 3.77 B | 23.8 M | 23.7 M | 29.8 M | 24.2 M | 29.8 M | 24.2 M | 23.2 M | 25.7 M | 23.2 M | 25.7 M | 27.1 M | 26 M | 27.1 M | 26 M | 26.1 M | 24.1 M | 26.1 M | 24.1 M | 32.9 M | 23.1 M | 32.9 M | 23.1 M | 28.9 M | 28.3 M | 28.9 M | 28.3 M | - | - | - | - |
Cost of Revenue |
2.98 B | - | 3.07 B | 3.17 B | 3.07 B | - | 2.98 B | 3.31 B | 3.2 B | 3.31 B | 3.16 B | 3.37 B | 3.39 B | 3.37 B | 3.13 B | 3.52 B | 3.46 B | 3.52 B | 3.27 B | 6.79 B | 3.13 B | 3.39 B | 2.94 B | 6.34 B | 2.97 B | 3 B | 2.77 B | 3 B | 2.77 B | 2.85 B | 2.61 B | 2.85 B | 2.61 B | 2.9 B | 2.75 B | - | 2.63 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | 1.69 B | - | - | - | 1.77 B | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.77 B | 1.4 B | 1.63 B | 1.6 B | 1.58 B | 1.55 B | 1.72 B | 1.59 B | 1.77 B | 1.4 B | 1.57 B | 1.39 B | 1.46 B | 1.44 B | 1.51 B | 1.34 B | 1.42 B | 1.26 B | 1.45 B | 1.31 B | 1.32 B | 1.31 B | 1.52 B | 1.42 B | 1.38 B | 1.36 B | 1.54 B | 1.55 B | 1.52 B | 1.38 B | 1.62 B | 1.44 B | 1.48 B | 1.51 B | 1.76 B | 1.61 B | 1.53 B | 1.52 B | 1.74 B | 1.63 B | 1.5 B | 1.51 B | 1.59 B | 1.45 B | 1.36 B | 1.43 B | - | - | - | - |
Operating Income |
1.73 B | - | 525 M | 728 M | 525 M | - | 1.73 B | 1.08 B | 891 M | 1.08 B | 832 M | 812 M | 911 M | 812 M | 930 M | 800 M | 730 M | 800 M | 1.09 B | 1.89 B | 815 M | 800 M | 844 M | 1.64 B | 827 M | 917 M | 854 M | 917 M | 854 M | 811 M | 662 M | 811 M | 662 M | 547 M | 602 M | 547 M | 602 M | 709 M | 605 M | 730 M | 626 M | 769 M | 646 M | 769 M | 646 M | 906 M | 683 M | 906 M | 683 M | 559 M | 558 M | 559 M | 558 M | 870 M | 735 M | 870 M | 735 M | 829 M | 780 M | 829 M | 780 M | 717 M | 639 M | 717 M | 639 M | - | 562 M | 879 M | 693 M |
Interest Expense |
- | - | 128 M | 126 M | 128 M | - | 133 M | 125 M | 136 M | 125 M | 124 M | 118 M | 122 M | 118 M | 117 M | 91.5 M | 98.3 M | 91.5 M | 87.7 M | 179 M | 86.5 M | 92.7 M | 95.9 M | 189 M | 106 M | 101 M | 111 M | 101 M | 111 M | 119 M | 119 M | 119 M | 119 M | 133 M | 134 M | 133 M | 134 M | 74.9 M | 72.4 M | 74.9 M | 72.4 M | 75.5 M | 73.9 M | 75.5 M | 73.9 M | 73.8 M | 75.3 M | 73.8 M | 75.3 M | 77.3 M | 78.5 M | 77.3 M | 78.5 M | 68.7 M | 78.8 M | 68.7 M | 78.8 M | 75.5 M | 83 M | 75.5 M | 83 M | 87.2 M | 85.4 M | 87.2 M | 85.4 M | - | 94.2 M | 88.5 M | 91.9 M |
EBITDA |
1.86 B | - | 941 M | 1 B | - | - | 1.86 B | 1.35 B | - | - | 971 M | 1.08 B | - | - | 1.07 B | 1.07 B | 730 M | 800 M | 1.22 B | 2.16 B | 815 M | 800 M | 990 M | 1.93 B | 827 M | 917 M | 1 B | 1.21 B | 1 B | 811 M | 816 M | 1.12 B | 816 M | 547 M | 757 M | 857 M | 757 M | 709 M | 750 M | 1.02 B | 771 M | 769 M | 798 M | 1.07 B | 798 M | 906 M | 827 M | 1.2 B | 827 M | 559 M | 708 M | 849 M | 708 M | 870 M | 886 M | 1.17 B | 886 M | 829 M | 919 M | 1.12 B | 919 M | 717 M | 764 M | 980 M | 639 M | - | 902 M | 1.11 B | 804 M |
General and Administrative Expenses |
845 M | - | 813 M | 842 M | 813 M | - | 845 M | 852 M | 844 M | 852 M | 855 M | 830 M | 791 M | 830 M | 839 M | 894 M | 947 M | 894 M | 791 M | 1.69 B | 751 M | 829 M | 757 M | 1.59 B | 716 M | 804 M | 736 M | 804 M | 736 M | 759 M | 719 M | 759 M | 719 M | 753 M | 743 M | 753 M | 743 M | 736 M | 703 M | 712 M | 679 M | 708 M | 712 M | 708 M | 712 M | 773 M | 811 M | 773 M | 811 M | 846 M | 867 M | 846 M | 867 M | 891 M | 875 M | 891 M | 875 M | 911 M | 839 M | 911 M | 839 M | 877 M | 808 M | 877 M | 808 M | - | 810 M | 842 M | 767 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company General Mills (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.