General Mills Financials
General Mills (GIS) reported $18.4B in revenue for fiscal year 2026, down 5.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Operating cash conversion remains positive while margin compression and rising leverage expose a less forgiving business model.
FY2026 paired a net loss of-$85M with operating cash flow of$2.2B , so cash generation remained positive despite accounting earnings turning negative. The gap between$1.6B of free cash flow and$540M of capital spending indicates that liquidity was supported by noncash or working-capital effects rather than profitable operations alone.
Revenue fell from
Debt-to-equity climbed from 0.9x in FY2022 to 1.7x in FY2026 while total equity contracted, leaving more claims supported by a smaller equity base. The 0.7x current ratio reinforces that near-term liquidity depends more on continuing cash generation than on surplus current assets.
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of General Mills's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
General Mills has an operating margin of 4.8%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 61/100, indicating healthy but not exceptional operating efficiency. This is down from 17.0% the prior year.
General Mills's revenue declined 5.4% year-over-year, from $19.5B to $18.4B. This contraction results in a growth score of 20/100.
General Mills has elevated debt relative to equity (D/E of 1.69), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 6/100, reflecting increased financial risk.
General Mills's current ratio of 0.68 is below the typical benchmark, resulting in a score of 9/100. This tight liquidity could limit financial flexibility if cash inflows slow.
General Mills converts 8.8% of revenue into free cash flow ($1.6B). This strong cash generation earns a score of 69/100.
General Mills posts a -1.1% return on equity (ROE), meaning it loses $1 for every $100 of shareholders' equity. This results in a returns score of 64/100. This is down from 25.2% the prior year.
General Mills scores 2.15, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
General Mills passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
General Mills reported a net loss of $85.0M while generating $2.2B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
General Mills generated $18.4B in revenue in fiscal year 2026. This represents a decrease of 5.4% from the prior year.
General Mills's EBITDA was $1.4B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 62.5% from the prior year.
General Mills reported -$85.0M in net income in fiscal year 2026. This represents a decrease of 103.7% from the prior year.
General Mills earned -$0.16 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 103.9% from the prior year.
Cash & Balance Sheet
General Mills generated $1.6B in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 29.1% from the prior year.
General Mills held $453.8M in cash against $12.4B in long-term debt as of fiscal year 2026.
General Mills paid $2.44 per share in dividends in fiscal year 2026. This represents an increase of 1.7% from the prior year.
Margins & Returns
General Mills's gross margin was 33.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the prior year.
General Mills's operating margin was 4.8% in fiscal year 2026, reflecting core business profitability. This is down 12.2 percentage points from the prior year.
General Mills's net profit margin was -0.5% in fiscal year 2026, showing the share of revenue converted to profit. This is down 12.4 percentage points from the prior year.
General Mills's ROE was -1.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 26.4 percentage points from the prior year.
Capital Allocation
General Mills invested $256.0M in research and development in fiscal year 2026. This represents a decrease of 0.2% from the prior year.
General Mills spent $500.3M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 58.4% from the prior year.
General Mills invested $539.9M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 13.7% from the prior year.
GIS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.4B-5.4% | $19.5B-1.9% | $19.9B-1.2% | $20.1B+5.8% | $19.0B+4.8% | $18.1B+2.8% | $17.6B+4.5% | $16.9B+7.1% | $15.7B+0.8% | $15.6B-5.7% | $16.6B-6.1% | $17.6B-1.6% | $17.9B+0.8% | $17.8B+6.7% | $16.7B |
| Cost of Revenue | $12.2B-4.1% | $12.8B-1.3% | $12.9B-4.6% | $13.5B+7.6% | $12.6B+7.8% | $11.7B+1.6% | $11.5B+3.5% | $11.1B+7.8% | $10.3B+2.5% | $10.1B-6.4% | $10.7B-8.1% | $11.7B+1.2% | $11.5B+1.7% | $11.4B+6.9% | $10.6B |
| Gross Profit | $6.2B-8.0% | $6.7B-2.9% | $6.9B+5.9% | $6.5B+2.2% | $6.4B-0.7% | $6.4B+5.2% | $6.1B+6.5% | $5.8B+5.9% | $5.4B-2.4% | $5.6B-4.5% | $5.8B-2.0% | $5.9B-6.6% | $6.4B-0.8% | $6.4B+6.3% | $6.0B |
| R&D Expenses | $256.0M-0.2% | $256.6M-0.5% | $257.8M+0.1% | $257.6M+6.0% | $243.1M+1.6% | $239.3M+6.6% | $224.4M+1.1% | $221.9M+1.3% | $219.1M+0.4% | $218.2M-1.8% | $222.1M-3.2% | $229.4M-5.8% | $243.6M+2.4% | $237.9M-3.1% | $245.4M |
| SG&A Expenses | $3.4B-1.7% | $3.4B+5.7% | $3.3B-6.9% | $3.5B+11.2% | $3.1B+2.2% | $3.1B-2.3% | $3.2B+7.4% | $2.9B+3.0% | $2.9B-1.3% | $2.9B-7.4% | $3.1B-6.3% | $3.3B-4.2% | $3.5B-2.2% | $3.6B+5.1% | $3.4B |
| Operating Income | $885.8M-73.2% | $3.3B-3.7% | $3.4B-0.1% | $3.4B-1.2% | $3.5B+10.5% | $3.1B+6.5% | $3.0B+17.4% | $2.5B+4.0% | $2.4B-2.9% | $2.5B-8.0% | $2.7B+30.3% | $2.1B-29.8% | $3.0B+3.7% | $2.9B+11.3% | $2.6B |
| Interest Expense | N/A | $524.2M+9.4% | $479.2M+25.4% | $382.1M+0.7% | $379.6M-9.7% | $420.3M-9.9% | $466.5M-10.6% | $521.8M+39.6% | $373.7M+26.6% | $295.1M-2.9% | $303.8M-3.7% | $315.4M+4.3% | $302.4M-4.6% | $316.9M-9.9% | $351.9M |
| Income Tax | $414.3M-27.8% | $573.7M-3.5% | $594.5M-2.9% | $612.2M+4.4% | $586.3M-6.8% | $629.1M+30.9% | $480.5M+30.6% | $367.8M+541.9% | $57.3M-91.3% | $655.2M-13.2% | $755.2M+28.7% | $586.8M-33.6% | $883.3M+19.2% | $741.2M+4.5% | $709.6M |
| Net Income | -$85.0M-103.7% | $2.3B-7.9% | $2.5B-3.5% | $2.6B-4.6% | $2.7B+16.9% | $2.3B+7.3% | $2.2B+24.4% | $1.8B-17.8% | $2.1B+28.6% | $1.7B-2.4% | $1.7B+39.0% | $1.2B-33.1% | $1.8B-1.7% | $1.9B+18.4% | $1.6B |
| EPS (Diluted) | -$0.16-103.9% | $4.10-4.9% | $4.310.0% | $4.31-2.5% | $4.42+16.9% | $3.78+6.2% | $3.56+22.8% | $2.90-20.3% | $3.64+31.4% | $2.770.0% | $2.77+40.6% | $1.97-30.4% | $2.83+1.4% | $2.79+18.7% | $2.35 |
GIS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $30.0B-9.2% | $33.1B+5.1% | $31.5B+0.1% | $31.5B+1.2% | $31.1B-2.4% | $31.8B+3.4% | $30.8B+2.3% | $30.1B-1.7% | $30.6B+40.4% | $21.8B+0.5% | $21.7B-0.5% | $21.8B-5.7% | $23.1B+2.2% | $22.7B+7.4% | $21.1B |
| Current Assets | $4.6B-12.5% | $5.3B+15.2% | $4.6B-11.5% | $5.2B+1.7% | $5.1B-11.6% | $5.8B+12.4% | $5.1B+22.3% | $4.2B+1.5% | $4.1B+1.5% | $4.1B+3.2% | $3.9B+6.8% | $3.7B-16.1% | $4.4B+2.2% | $4.3B+16.5% | $3.7B |
| Cash & Equivalents | $453.8M+24.7% | $363.9M-12.9% | $418.0M-28.6% | $585.5M+2.8% | $569.4M-62.2% | $1.5B-10.3% | $1.7B+272.8% | $450.0M+12.8% | $399.0M-47.9% | $766.1M0.0% | $766.1M+129.2% | $334.2M-61.5% | $867.3M+17.0% | $741.4M+57.3% | $471.2M |
| Inventory | $1.9B+0.4% | $1.9B+0.7% | $1.9B-12.6% | $2.2B+16.3% | $1.9B+2.6% | $1.8B+27.6% | $1.4B-8.5% | $1.6B-5.0% | $1.6B+10.7% | $1.5B+4.9% | $1.4B-8.3% | $1.5B-1.2% | $1.6B+0.9% | $1.5B+4.5% | $1.5B |
| Goodwill | $14.1B-9.6% | $15.6B+5.9% | $14.8B+1.7% | $14.5B+0.9% | $14.4B+2.2% | $14.1B+1.0% | $13.9B-0.5% | $14.0B-0.5% | $14.1B+60.8% | $8.7B+0.1% | $8.7B-1.5% | $8.9B+2.6% | $8.7B+0.3% | $8.6B+5.4% | $8.2B |
| Total Liabilities | $22.6B-5.1% | $23.9B+9.3% | $21.8B+5.2% | $20.8B+2.2% | $20.3B-5.4% | $21.5B-2.0% | $21.9B-1.3% | $22.2B-5.0% | $23.4B+44.0% | $16.2B+4.2% | $15.6B-0.6% | $15.7B+3.3% | $15.2B+4.1% | $14.6B+8.9% | $13.4B |
| Current Liabilities | $6.8B-13.8% | $7.9B+11.7% | $7.0B-6.7% | $7.5B-6.0% | $8.0B-3.0% | $8.3B+10.3% | $7.5B+5.7% | $7.1B-3.5% | $7.3B+37.7% | $5.3B+6.3% | $5.0B+2.5% | $4.9B-9.8% | $5.4B+2.4% | $5.3B+37.7% | $3.8B |
| Long-Term Debt | $12.4B-2.0% | $12.7B+12.1% | $11.3B+13.4% | $10.0B+9.1% | $9.1B-6.7% | $9.8B-10.5% | $10.9B-6.0% | $11.6B-8.2% | $12.7B+65.8% | $7.6B+8.3% | $7.1B-6.8% | $7.6B+17.9% | $6.4B+8.4% | $5.9B-3.8% | $6.2B |
| Total Equity | $7.4B-19.9% | $9.2B-2.1% | $9.4B-10.1% | $10.4B-0.9% | $10.5B+11.3% | $9.5B+17.5% | $8.1B+14.2% | $7.1B+14.9% | $6.1B+41.9% | $4.3B-12.2% | $4.9B-1.3% | $5.0B-23.5% | $6.5B-2.1% | $6.7B+3.9% | $6.4B |
| Retained Earnings | $20.5B-6.4% | $21.9B+4.5% | $21.0B+5.7% | $19.8B+7.0% | $18.5B+8.6% | $17.1B+6.8% | $16.0B+6.6% | $15.0B+3.7% | $14.5B+10.1% | $13.1B+4.1% | $12.6B+5.2% | $12.0B+1.7% | $11.8B+10.1% | $10.7B+7.5% | $10.0B |
Not reported in any period shown, so not listed: Accounts Receivable.
GIS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.2B-25.8% | $2.9B-11.6% | $3.3B+18.9% | $2.8B-16.2% | $3.3B+11.2% | $3.0B-18.9% | $3.7B+31.0% | $2.8B-1.2% | $2.8B+17.6% | $2.4B-12.6% | $2.8B+8.7% | $2.5B+0.1% | $2.5B-13.2% | $2.9B+21.6% | $2.4B |
| Capital Expenditures | $539.9M-13.7% | $625.3M-19.2% | $774.1M+12.3% | $689.5M+21.2% | $568.7M+7.1% | $530.8M+15.2% | $460.8M-14.3% | $537.6M-13.7% | $622.7M-9.0% | $684.4M-6.2% | $729.3M+2.4% | $712.4M+7.4% | $663.5M+8.1% | $613.9M-9.2% | $675.9M |
| Free Cash Flow | $1.6B-29.1% | $2.3B-9.3% | $2.5B+21.0% | $2.1B-24.0% | $2.7B+12.0% | $2.5B-23.7% | $3.2B+41.7% | $2.3B+2.3% | $2.2B+28.2% | $1.7B-14.9% | $2.0B+11.2% | $1.8B-2.5% | $1.9B-18.8% | $2.3B+33.5% | $1.7B |
| Investing Cash Flow | $1.3B+170.1% | -$1.8B-49.9% | -$1.2B-245.7% | -$346.4M+79.5% | -$1.7B-229.7% | -$512.8M-5.5% | -$486.2M+12.6% | -$556.5M+93.6% | -$8.7B-1242.6% | -$646.9M-792.6% | $93.4M+105.8% | -$1.6B-185.2% | -$561.8M+62.9% | -$1.5B+19.0% | -$1.9B |
| Financing Cash Flow | -$3.3B-180.9% | -$1.2B+48.1% | -$2.3B+5.5% | -$2.4B+4.0% | -$2.5B+7.8% | -$2.7B-39.9% | -$1.9B+10.8% | -$2.2B-140.0% | $5.4B+411.6% | -$1.7B+27.8% | -$2.4B-74.8% | -$1.4B+24.1% | -$1.8B-60.0% | -$1.1B-71.0% | -$666.6M |
| Dividends Paid | $1.3B-1.7% | $1.3B-1.8% | $1.4B+5.9% | $1.3B+3.5% | $1.2B-0.2% | $1.2B+4.2% | $1.2B+1.2% | $1.2B+3.7% | $1.1B+0.4% | $1.1B+5.9% | $1.1B+5.3% | $1.0B+3.5% | $983.3M+13.3% | $867.6M+8.4% | $800.1M |
| Share Buybacks | $500.3M-58.4% | $1.2B-39.9% | $2.0B+42.7% | $1.4B+60.1% | $876.8M+190.9% | $301.4M+8764.7% | $3.4M+209.1% | $1.1M-99.8% | $601.6M-63.6% | $1.7B+172.2% | $606.7M-47.8% | $1.2B-33.4% | $1.7B+67.0% | $1.0B+233.8% | $313.0M |
GIS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.6%-0.9pp | 34.5%-0.4pp | 34.9%+2.3pp | 32.6%-1.1pp | 33.7%-1.9pp | 35.6%+0.8pp | 34.8%+0.7pp | 34.1%-0.4pp | 34.5%-1.1pp | 35.6%+0.5pp | 35.2%+1.5pp | 33.7%-1.8pp | 35.6%-0.6pp | 36.1%-0.2pp | 36.3% |
| Operating Margin | 4.8%-12.2pp | 17.0%-0.3pp | 17.3%+0.2pp | 17.1%-1.2pp | 18.3%+1.0pp | 17.3%+0.6pp | 16.8%+1.8pp | 14.9%-0.5pp | 15.4%-0.6pp | 16.0%-0.4pp | 16.4%+4.6pp | 11.8%-4.7pp | 16.5%+0.5pp | 16.0%+0.7pp | 15.4% |
| Net Margin | -0.5%-12.4pp | 11.9%-0.8pp | 12.7%-0.3pp | 13.0%-1.4pp | 14.4%+1.5pp | 12.9%+0.5pp | 12.4%+2.0pp | 10.4%-3.1pp | 13.5%+2.9pp | 10.6%+0.4pp | 10.3%+3.3pp | 6.9%-3.3pp | 10.2%-0.3pp | 10.4%+1.0pp | 9.4% |
| Return on Equity | -1.1%-26.4pp | 25.2%-1.6pp | 26.8%+1.8pp | 25.0%-1.0pp | 25.9%+1.2pp | 24.7%-2.4pp | 27.1%+2.2pp | 24.9%-9.8pp | 34.7%-3.6pp | 38.3%+3.9pp | 34.4%+10.0pp | 24.4%-3.5pp | 27.9%+0.1pp | 27.8%+3.4pp | 24.4% |
| Return on Assets | -0.3%-7.3pp | 7.0%-1.0pp | 8.0%-0.3pp | 8.3%-0.5pp | 8.8%+1.4pp | 7.3%+0.3pp | 7.1%+1.3pp | 5.8%-1.1pp | 7.0%-0.6pp | 7.6%-0.2pp | 7.8%+2.2pp | 5.6%-2.3pp | 7.9%-0.3pp | 8.2%+0.8pp | 7.4% |
| Current Ratio | 0.680.0x | 0.670.0x | 0.650.0x | 0.69+0.1x | 0.63-0.1x | 0.700.0x | 0.68+0.1x | 0.590.0x | 0.56-0.2x | 0.760.0x | 0.790.0x | 0.75-0.1x | 0.810.0x | 0.81-0.1x | 0.96 |
| Debt-to-Equity | 1.69+0.3x | 1.38+0.2x | 1.20+0.2x | 0.95+0.1x | 0.87-0.2x | 1.03-0.3x | 1.36-0.3x | 1.65-0.4x | 2.06+0.3x | 1.77+0.3x | 1.43-0.1x | 1.52+0.5x | 0.98+0.1x | 0.89-0.1x | 0.96 |
| FCF Margin | 8.8%-2.9pp | 11.8%-1.0pp | 12.7%+2.3pp | 10.4%-4.1pp | 14.5%+0.9pp | 13.5%-4.7pp | 18.2%+4.8pp | 13.5%-0.6pp | 14.1%+3.0pp | 11.1%-1.2pp | 12.3%+1.9pp | 10.4%-0.1pp | 10.5%-2.5pp | 13.0%+2.6pp | 10.4% |
Note: The current ratio is below 1.0 (0.68), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where General Mills Ranks
Frequently Asked Questions
What is General Mills's annual revenue?
General Mills (GIS) reported $18.4B in total revenue for fiscal year 2026. This represents a -5.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is General Mills's revenue growing?
General Mills (GIS) revenue declined by 5.4% year-over-year, from $19.5B to $18.4B in fiscal year 2026.
Is General Mills profitable?
No, General Mills (GIS) reported a net income of -$85.0M in fiscal year 2026, with a net profit margin of -0.5%.
What is General Mills's EBITDA?
General Mills (GIS) had EBITDA of $1.4B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does General Mills have?
As of fiscal year 2026, General Mills (GIS) had $453.8M in cash and equivalents against $12.4B in long-term debt.
What is General Mills's gross margin?
General Mills (GIS) had a gross margin of 33.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is General Mills's operating margin?
General Mills (GIS) had an operating margin of 4.8% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is General Mills's net profit margin?
General Mills (GIS) had a net profit margin of -0.5% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does General Mills pay dividends?
Yes, General Mills (GIS) paid $2.44 per share in dividends during fiscal year 2026.
What is General Mills's return on equity (ROE)?
General Mills (GIS) has a return on equity of -1.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is General Mills's free cash flow?
General Mills (GIS) generated $1.6B in free cash flow during fiscal year 2026. This represents a -29.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is General Mills's operating cash flow?
General Mills (GIS) generated $2.2B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are General Mills's total assets?
General Mills (GIS) had $30.0B in total assets as of fiscal year 2026, including both current and long-term assets.
What are General Mills's capital expenditures?
General Mills (GIS) invested $539.9M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does General Mills spend on research and development?
General Mills (GIS) invested $256.0M in research and development during fiscal year 2026.
What is General Mills's current ratio?
General Mills (GIS) had a current ratio of 0.68 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is General Mills's debt-to-equity ratio?
General Mills (GIS) had a debt-to-equity ratio of 1.69 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is General Mills's return on assets (ROA)?
General Mills (GIS) had a return on assets of -0.3% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is General Mills's Altman Z-Score?
General Mills (GIS) has an Altman Z-Score of 2.15, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is General Mills's Piotroski F-Score?
General Mills (GIS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are General Mills's earnings high quality?
General Mills (GIS) reported a net loss of $85.0M while generating $2.2B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is General Mills?
General Mills (GIS) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.