GIS financial statements

The full income statement, balance sheet, and cash-flow statement for General Mills Inc. (GIS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022
Income Statement	as ofMay 31 ’26	as ofMay 25 ’25	as ofMay 26 ’24	as ofMay 28 ’23	as ofMay 29 ’22
Revenue	18.4B YoY-5.4%	19.5B YoY-1.9%	19.9B YoY-1.2%	20.1B YoY+5.8%	19.0B YoY+4.8%
Cost of revenue	12.2B YoY-4.1%	12.8B YoY-1.3%	12.9B YoY-4.6%	13.5B YoY+7.6%	12.6B YoY+7.8%
Research & development	256M YoY-0.2%	257M YoY-0.5%	258M YoY+0.1%	258M YoY+6.0%	243M YoY+1.6%
Selling, general & administrative	3.39B YoY-1.7%	3.45B YoY+5.7%	3.26B YoY-6.9%	3.50B YoY+11.2%	3.15B YoY+2.2%
Operating income	886M YoY-73.2%	3.30B YoY-3.7%	3.43B YoY-0.1%	3.43B YoY-1.2%	3.48B YoY+10.5%
Interest expense	—	524M YoY+9.4%	479M YoY+25.4%	382M YoY+0.7%	380M YoY-9.7%
Interest & investment income	31.0M YoY+26.0%	24.6M YoY+30.9%	18.8M YoY+34.3%	14.0M YoY+268.4%	3.80M YoY-48.6%
Equity-method income	-76.5M YoY-232.8%	57.6M YoY-32.1%	84.8M YoY+4.3%	81.3M YoY-27.2%	112M YoY-5.1%
Pre-tax income	406M YoY-85.7%	2.83B YoY-6.4%	3.03B YoY-3.6%	3.14B YoY-2.2%	3.21B YoY+12.3%
Income tax	414M YoY-27.8%	574M YoY-3.5%	595M YoY-2.9%	612M YoY+4.4%	586M YoY-6.8%
	-87.6M YoY-103.8%	2.30B YoY-8.1%	2.50B YoY-3.8%	2.59B YoY-4.2%	2.71B YoY+15.7%
Net income to non-controlling interest	2.30M YoY-90.3%	23.7M YoY+7.7%	22.0M YoY+40.1%	15.7M YoY-43.3%	27.7M YoY+346.8%
	-$0.16 YoY-103.9%	$4.10 YoY-4.9%	$4.31 YoY+0.0%	$4.31 YoY-2.5%	$4.42 YoY+16.9%
EPS (basic)	-$0.16 YoY-103.9%	$4.12 YoY-5.1%	$4.34 YoY-0.5%	$4.36 YoY-2.2%	$4.46 YoY+17.1%
	538M YoY-3.0%	555M YoY-3.6%	576M YoY-3.2%	595M YoY-2.1%	608M YoY-1.1%
	538M YoY-3.6%	558M YoY-3.8%	580M YoY-3.6%	601M YoY-1.9%	613M YoY-1.0%
Dividends per share	$2.44 YoY+1.7%	$2.40 YoY+1.7%	$2.36 YoY+9.3%	$2.16 YoY+5.9%	$2.04 YoY+1.0%
Balance Sheet	as ofMay 31 ’26	as ofMay 25 ’25	as ofMay 26 ’24	as ofMay 28 ’23	as ofMay 29 ’22
	4.62B YoY-12.5%	5.28B YoY+15.2%	4.58B YoY-11.5%	5.18B YoY+1.7%	5.09B YoY-11.6%
Cash & equivalents	454M YoY+24.7%	364M YoY-12.9%	418M YoY-28.6%	586M YoY+2.8%	569M YoY-62.2%
Accounts receivable	1.65B YoY-8.3%	1.80B YoY+5.9%	1.70B YoY+0.8%	1.68B YoY-0.5%	1.69B YoY+3.3%
Inventory	1.92B YoY+0.4%	1.91B YoY+0.7%	1.90B YoY-12.6%	2.17B YoY+16.3%	1.87B YoY+2.6%
Prepaid expenses	600M YoY+29.1%	465M YoY-18.3%	569M YoY-22.7%	736M YoY-8.3%	802M YoY+1.5%
Other current assets	600M YoY+29.1%	465M YoY-18.3%	569M YoY-22.7%	736M YoY-8.3%	802M YoY+1.5%
	30.0B YoY-9.2%	33.1B YoY+5.1%	31.5B YoY+0.1%	31.5B YoY+1.2%	31.1B YoY-2.4%
Property, plant & equipment	3.44B YoY-5.2%	3.63B YoY-6.0%	3.86B YoY+6.3%	3.64B YoY+7.1%	3.39B YoY-5.9%
Operating lease right-of-use	385M YoY-3.6%	399M YoY+9.0%	366M YoY+7.7%	340M YoY+1.0%	337M YoY-11.0%
Goodwill	14.1B YoY-9.6%	15.6B YoY+5.9%	14.8B YoY+1.7%	14.5B YoY+0.9%	14.4B YoY+2.2%
Intangible assets	6.72B YoY-5.1%	7.08B YoY+1.5%	6.98B YoY+0.2%	6.97B YoY-0.5%	7.00B YoY-2.1%
Deferred tax assets	0.00 YoY-100.0%	186M YoY+11.1%	168M	0.00	—
Other non-current assets	1.12B YoY-23.5%	1.46B YoY+12.7%	1.29B YoY+11.6%	1.16B YoY-5.5%	1.23B YoY-3.1%
	6.77B YoY-13.8%	7.86B YoY+11.7%	7.03B YoY-6.7%	7.54B YoY-6.0%	8.02B YoY-3.0%
Accounts payable	3.73B YoY-7.0%	4.01B YoY+0.5%	3.99B YoY-4.9%	4.19B YoY+5.3%	3.98B YoY+9.0%
Short-term & current debt	1.05B YoY-31.1%	1.53B YoY+12852.5%	11.8M YoY-62.8%	31.7M YoY-98.1%	1.67B YoY-32.0%
Current lease liability	102M YoY-11.5%	115M YoY+12.8%	102M YoY+0.3%	102M YoY-4.5%	107M YoY-4.0%
Other current liabilities	1.47B YoY-9.3%	1.62B YoY+14.4%	1.42B YoY-11.3%	1.60B YoY+3.1%	1.55B YoY-13.2%
	22.6B YoY-5.1%	23.9B YoY+9.3%	21.8B YoY+5.2%	20.8B YoY+2.2%	20.3B YoY-5.4%
Long-term debt	12.4B YoY-2.0%	12.7B	—	—	9.13B YoY-6.7%
Non-current lease liability	300M YoY-0.8%	303M YoY+7.1%	283M YoY+10.0%	257M YoY+3.5%	248M YoY-12.3%
Deferred tax liabilities	2.27B YoY+7.9%	2.10B YoY-4.5%	2.20B YoY+4.2%	2.11B YoY-4.8%	2.22B YoY+4.7%
Other non-current liabilities	1.18B YoY-3.9%	1.23B YoY-4.3%	1.28B YoY+12.6%	1.14B YoY+22.7%	929M YoY-28.1%
	7.37B YoY-19.9%	9.20B YoY-2.1%	9.40B YoY-10.1%	10.4B YoY-0.9%	10.5B YoY+11.3%
Common stock	75.5M YoY+0.0%	75.5M YoY+0.0%	75.5M YoY+0.0%	75.5M YoY+0.0%	75.5M YoY+0.0%
Additional paid-in capital	1.20B YoY-1.5%	1.22B YoY-0.7%	1.23B YoY+0.4%	1.22B YoY+3.3%	1.18B YoY-13.4%
Retained earnings	20.5B YoY-6.4%	21.9B YoY+4.5%	21.0B YoY+5.7%	19.8B YoY+7.0%	18.5B YoY+8.6%
Treasury stock	11.9B YoY+3.8%	11.5B YoY+10.7%	10.4B YoY+23.2%	8.41B YoY+15.6%	7.28B YoY+10.1%
Accumulated other comprehensive income	-2.52B YoY+0.9%	-2.54B YoY-1.0%	-2.52B YoY-10.7%	-2.28B YoY-15.5%	-1.97B YoY+18.9%
Non-controlling interest	12.2M YoY+1.7%	12.0M YoY-95.2%	252M YoY+0.6%	250M YoY+2.0%	246M YoY-18.9%
Total equity incl. non-controlling	7.38B YoY-19.9%	9.21B YoY-4.5%	9.65B YoY-9.8%	10.7B YoY-0.8%	10.8B YoY+10.4%
Total liabilities & equity	30.0B YoY-9.2%	33.1B YoY+5.1%	31.5B YoY+0.1%	31.5B YoY+1.2%	31.1B YoY-2.4%
	755M YoY+0.0%	755M YoY+0.0%	755M YoY+0.0%	755M YoY+0.0%	755M YoY+0.0%
	534M YoY-1.6%	542M YoY-2.8%	558M YoY-4.6%	585M YoY-2.0%	597M YoY-1.7%
Cash Flow	as ofMay 31 ’26	as ofMay 25 ’25	as ofMay 26 ’24	as ofMay 28 ’23	as ofMay 29 ’22
	2.17B YoY-25.8%	2.92B YoY-11.6%	3.30B YoY+18.9%	2.78B YoY-16.2%	3.32B YoY+11.2%
Depreciation & amortization	555M YoY+3.0%	539M YoY-2.5%	553M YoY+1.1%	547M YoY-4.2%	570M YoY-5.2%
Share-based compensation	79.4M YoY-13.4%	91.7M YoY-3.8%	95.3M YoY-14.7%	112M YoY+13.2%	98.7M YoY+9.8%
Deferred income taxes	203M YoY+268.1%	-121M YoY-149.3%	-48.5M YoY-118.5%	-22.2M YoY-135.7%	62.2M YoY-47.6%
Change in receivables	-12.9M YoY-116.3%	79.0M YoY+4288.9%	1.80M YoY-95.6%	41.2M YoY-75.2%	166M YoY+696.1%
Change in inventory	82.2M YoY+344.3%	18.5M YoY+106.4%	-288M YoY-190.2%	319M YoY+271.8%	85.8M YoY-75.8%
Other operating activities	-16.4M YoY+33.9%	-24.8M YoY-159.2%	41.9M YoY-41.1%	71.1M YoY+240.2%	-50.7M YoY+61.5%
	1.26B YoY+170.1%	-1.79B YoY-49.9%	-1.20B YoY-245.7%	-346M YoY+79.5%	-1.69B YoY-229.7%
Capital expenditure	540M YoY-13.7%	625M YoY-19.2%	774M YoY+12.3%	690M YoY+21.2%	569M YoY+7.1%
Free cash flow	1.63B YoY-29.1%	2.29B YoY-9.3%	2.53B YoY+21.0%	2.09B YoY-24.0%	2.75B YoY+12.0%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Proceeds from sale of PP&E	4.80M YoY+336.4%	1.10M YoY+37.5%	800K YoY-38.5%	1.30M YoY-60.6%	3.30M YoY+22.2%
Other investing activities	5.10M YoY-21.5%	6.50M YoY+121.3%	-30.5M YoY-501.3%	7.60M YoY-43.7%	13.5M YoY+335.5%
	-3.31B YoY-180.9%	-1.18B YoY+48.1%	-2.27B YoY+5.5%	-2.40B YoY+4.0%	-2.50B YoY+7.8%
Long-term debt issued	2.01B YoY-14.8%	2.35B YoY+14.0%	2.07B YoY-11.2%	2.32B YoY+5.5%	2.20B YoY+39.8%
Long-term debt repaid	2.82B YoY+117.2%	1.30B YoY+44.2%	902M YoY-36.6%	1.42B YoY-54.7%	3.14B YoY+20.4%
Net short-term debt	-608M YoY-191.2%	667M YoY+3354.1%	-20.5M YoY+97.3%	-769M YoY-239.5%	551M YoY+669.0%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	500M YoY-58.4%	1.20B YoY-39.9%	2.00B YoY+42.7%	1.40B YoY+60.1%	877M YoY+190.9%
Dividends paid	1.32B YoY-1.7%	1.34B YoY-1.8%	1.36B YoY+5.9%	1.29B YoY+3.5%	1.24B YoY-0.2%
Other financing activities	-72.1M YoY+44.2%	-129M YoY-139.5%	-53.9M YoY+13.9%	-62.6M YoY-123.6%	-28.0M YoY+9.4%
Net change in cash	128M YoY+336.2%	-54.1M YoY+67.7%	-168M YoY-1140.4%	16.1M YoY+101.7%	-936M YoY-442.2%
Interest paid	574M YoY+21.0%	474M YoY+2.2%	464M YoY+37.8%	337M YoY-5.8%	358M YoY-13.3%
Income taxes paid	391M YoY-34.8%	599M YoY-9.3%	661M YoY-3.2%	683M YoY+25.2%	545M YoY-14.3%
Valuation Ratios	as ofMay 31 ’26	as ofMay 25 ’25	as ofMay 26 ’24	as ofMay 28 ’23	as ofMay 29 ’22
Market cap	18.0B YoY-38.3%	29.2B YoY-24.2%	38.6B YoY-22.0%	49.4B YoY+17.5%	42.1B YoY+9.8%
P/E	8.1× YoY-28.7%	11.4× YoY-24.3%	15.1× YoY-14.4%	17.6× YoY-3.5%	18.3× YoY+21.6%
P/S	1.0× YoY-34.0%	1.5× YoY-22.1%	1.9× YoY-22.9%	2.5× YoY+9.6%	2.3× YoY+9.8%
P/B	1.9× YoY-38.8%	3.2× YoY-22.8%	4.1× YoY-15.4%	4.8× YoY+12.6%	4.3× YoY-0.6%
P/FCF	10.9× YoY-7.3%	11.8× YoY-27.6%	16.3× YoY-16.1%	19.4× YoY+13.9%	17.1× YoY+41.7%
	12.3% YoY+40.2%	8.8% YoY+32.2%	6.6% YoY+16.9%	5.7% YoY+3.6%	5.5% YoY-17.7%
	9.1% YoY+7.9%	8.5% YoY+38.0%	6.1% YoY+19.2%	5.1% YoY-12.2%	5.9% YoY-29.4%
	7.2% YoY+60.5%	4.5% YoY+30.1%	3.5% YoY+34.7%	2.6% YoY-12.1%	2.9% YoY-9.2%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: GIS's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GIS filings on SEC EDGAR → Not investment advice.