General Mills (GIS) FY2025 results: revenue $19.5 billion, down 1.9% on the year
General Mills Inc. (GIS) reported revenue of $19.5 billion for fiscal 2025, the year ended 25 May 2025, down 1.9% on the year before. Net income was $2.3 billion, down 8.1%, and diluted earnings per share $4.10. The figures are the company's own, from the 10-K it filed with the SEC on 26 June 2025.
Revenue
$19.5 billion
-1.9% on the year
FY2018FY2025
Operating margin
17.0%
17.3% a year earlier
FY2018FY2025
Net income
$2.3 billion
-8.1% on the year
FY2018FY2025
Diluted EPS
$4.10
-4.9% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
2,918
3,303
2,779
-11.6%
Capital expenditure
625
774
690
-19.2%
Free cash flow
2,293
2,528
2,089
-9.3%
Free cash flow margin
11.8%
12.7%
10.4%
Cash from investing
-1,795
-1,197
-346
Cash from financing
-1,180
-2,272
-2,404
Depreciation and amortisation
539
553
547
-2.5%
Share-based compensation
91.7
95.3
112
-3.8%
Buybacks
1,203
2,002
1,404
-39.9%
Dividends paid
1,339
1,363
1,288
-1.8%
Dividend per share
$2.40
$2.36
$2.16
+1.7%
Diluted shares, weighted
558m
580m
601m
-3.8%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
9,199
9,397
10,450
-2.1%
Non-controlling interest
12.0
252
250
-95.2%
Debt
14,879
12,930
11,706
+15.1%
Operating lease liabilities
303
283
257
+7.1%
Other liabilities
8,678
8,608
8,789
+0.8%
Total liabilities and equity
33,071
31,470
31,452
+5.1%
Fixed assets
3,633
3,864
3,636
-6.0%
Goodwill
15,622
14,751
14,511
+5.9%
Intangible assets
7,081
6,980
6,968
+1.5%
Securities held for sale or to maturity
2.3
2.3
2.3
0.0%
Cash and equivalents
364
418
586
-12.9%
Receivables
1,796
1,696
1,683
+5.9%
Inventory
1,911
1,898
2,172
+0.7%
Other assets
2,662
1,861
1,894
+43.1%
Total assets
33,071
31,470
31,452
+5.1%
10-K for the year ended 25 May 2025, filed 26 June 2025: the filing.