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General Mills (GIS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

General Mills
NYSE•Consumer Defensive•Packaged Foods
$34.08-0.67(-0.02%)After hours
Market Cap
$18.25B
P/S
1.0x
P/B
2.4x

General Mills, Inc. manufactures and markets branded consumer food in the United States and internationally. The company operates through four segments: North America Retail; International; North America Pet; and North America Foodservice. It offers snacks, including grain, fruit and savory snacks, nutrition bars, and frozen hot snacks; ready-to-eat cereal; convenient meals comprising meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast, and frozen entrees; wholesome natural pet food; refrigerated and frozen dough; baking mixes and ingredients; and ice cream products. The company also offers dog and cat food, such as dry food, wet food, fresh food, and treats. In addition, it operates 232 and franchises 376 ice cream parlors. The company markets its products under the Annie's, Betty Crocker, Bisquick, Blue Buffalo, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, Dunkaroos, Edgard & Cooper, Fiber One, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Gold Medal, Golden Grahams, Häagen-Dazs, Kitano, Kix, Lärabar, Latina, Lucky Charms, Nature Valley, Nudges, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Tastefuls, Tiki Pets, Total, Totino's, Trix, True Solutions, Wanchai Ferry, Wheaties, Wilderness, and Yoki brands. It sells its products to grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, e-commerce retailers, commercial and noncommercial foodservice distributors and operators, restaurants, convenience stores, and pet specialty stores. The company was founded in 1866 and is headquartered in Minneapolis, Minnesota.

D

How this company scores

WeakMetricSide Score: 34/100

Strongest: Cash & Earnings Quality (14/25); weakest: Growth (5/25).

Profitability5/25
Growth5/25
Balance Sheet & Red Flags10/25
Cash & Earnings Quality14/25
Strengths
Consistent free cash flowImproving marginsNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.8x5y range 9.3x – 19.2x
P/E 10.8x · below its 18-quarter median

Currently below its 18-quarter median.

P/S · 1.0x5y range 1.0x – 2.6x
P/S 1.0x · below its 20-quarter median

Currently below its 20-quarter median.

P/B · 2.4x5y range 2.4x – 4.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 104.7% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume
Market Cap $18.25B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$18.30B
4%
Q. Revenue
$4.39B
3%
TTM EBITDA
$349.90M
4Q
TTM Op. Income
$-206.40M
4Q
Q. Op. Income
$633.60M
63%
TTM Net Income
$-894.80M
4Q
Q. Net Income
$397.00M
67%
EPS
$0.74
67%
Shares Out.
$537.40M
1%
$18.30B in TTM revenue declined 4.5% YoY, reaching $4.39B last quarter. TTM EBITDA of $349.90M and TTM operating income of $-206.40M show growth is flowing through to the bottom line. However, net income is negative at $894.80M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is down 4% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
33.9%
0%
EBITDA Margin
17.6%
57%
Op. Margin
14.4%
62%
Net Margin
9.0%
66%
Op. margin of 14.4% is down 23.8% YoY — costs are rising relative to revenue. Net margin at 9.0% and gross margin of 33.9% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 62% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
2Q
P/S Ratio
1.0x
30%
P/B Ratio
2.4x
7Q
P/S of 1.0x and P/B of 2.4x. P/S is low relative to typical market levels. Across the last 6 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$30.27B
8%
Cash
$433.10M
2Q
Long-Term Debt
$12.37B
1%
Book Value
$7.45B
22%
D/E Ratio
1.7
29%
Debt/EBITDA
16.0
14%
With $30.27B in assets and $12.37B in long-term debt, D/E is 1.7and book value is $7.45B — moderate leverage. Over the past year, debt/equity is up 29% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$297.80M
25%
TTM Free Cash Flow
$1.55B
7Q
FCF Margin
8.5%
7Q
FCF / Net Income
-1.7
341%
TTM FCF of $1.55B on $297.80M in operating cash flow. The FCF / Net Income ratio of -1.7x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 7 consecutive quarters — a weakening trend.

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· below its 20-quarter median

Currently below its 20-quarter median.

Leverage Risk

Watch

Debt-to-equity has risen 29.2% recently — increasing financial risk even if the current ratio is manageable.

Revenue Decline

Red Flag

Revenue declined in 6 of the last 7 quarters — persistent contraction signals a fundamental problem.