General Mills, Inc. (GIS) Key Metrics
GIS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $17.71B
- Enterprise value
- $30.91B
- P/E (TTM)
- — 10-yr median 16.6
- Forward P/E
- 11.5
- PEG ratio
- 17.23
- Price / sales
- 1.0 10-yr median 2.1
- Price / book
- 2.6 10-yr median 4.2
- EV / EBITDA
- 21.2 10-yr median 12.9
- Dividend yield
- 7.36% $2.44 a year
- Beta
- 0.02
GIS key metrics, FY2017–FY2026
Fiscal year ended May 31, 2026 · U.S. dollarsGIS valuation Price multiples at each fiscal year-end price.
Price / sales−35.3%
1.0
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / book−23.6%
2.5
FY2026 · hover or tap a bar for each year
FY2017FY2026
EV / EBITDA−18.4%
9.4
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / free cash flow−13.7%
11.4
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow yield+1.2 pts
8.8%
FY2026 · hover or tap a bar for each year
FY2017FY2026
GIS returns How much profit the business earns on the capital it uses.
Return on equity−25.7 pts
−1.1%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on invested capital−9.4 pts
2.0%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on assets−7.4 pts
−0.3%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow margin−2.9 pts
8.8%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Asset turnover−3.3%
0.58
FY2026 · hover or tap a bar for each year
FY2017FY2026
GIS per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−3.7%
$33.65
FY2026 · hover or tap a bar for each year
FY2017FY2026
Earnings per share
−$0.16
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow per share−27.8%
$2.97
FY2026 · hover or tap a bar for each year
FY2017FY2026
Book value per share−18.4%
$13.46
FY2026 · hover or tap a bar for each year
FY2017FY2026
Dividends per share0.0%
$2.40
FY2026 · hover or tap a bar for each year
FY2017FY2026
Shares outstanding−1.8%
547.5M
FY2026 · hover or tap a bar for each year
FY2017FY2026
GIS financial health Debt, liquidity and how easily interest is covered.
Debt / equity+10.5%
1.84
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt−$1.8B
$13.08B
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt / EBITDA+0.08
3.89
FY2026 · hover or tap a bar for each year
FY2017FY2026
Current ratio+1.5%
0.68
FY2026 · hover or tap a bar for each year
FY2017FY2026
Interest coverage−73.9%
1.6
FY2026 · hover or tap a bar for each year
FY2017FY2026
Debt / assets−2.5%
0.45
FY2026 · hover or tap a bar for each year
FY2017FY2026
GIS efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−1 days
35 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days of inventory+3 days
57 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days payables outstanding+1 days
115 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Cash conversion cycle+1 days
-23 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Capex / revenue−0.3 pts
2.9%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Dividends + buybacks / FCF+0.8 pts
111.6%
FY2026 · hover or tap a bar for each year
FY2017FY2026
GIS valuation history
Fiscal year-endToday10-year median
GIS returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GIS debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GIS cash returned to shareholders
DividendsBuybacksFree cash flow
GIS price vs earnings per share
Share price at year-endEPS (right axis)
GIS key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $18.51B | $30.25B | $39.84B | $50.60B | $42.79B | $38.92B | $38.66B | $29.93B | $24.77B | $33.93B |
| Enterprise value | $31.60B | $45.18B | $52.74B | $61.96B | $53.95B | $50.06B | $50.90B | $43.97B | $40.19B | $42.65B |
| P/E ratio | — | 13.2 | 16.0 | 19.5 | 15.8 | 16.6 | 17.7 | 17.1 | 11.6 | 20.5 |
| Price / sales | 1.0 | 1.6 | 2.0 | 2.5 | 2.3 | 2.1 | 2.2 | 1.8 | 1.6 | 2.2 |
| Price / book | 2.5 | 3.3 | 4.2 | 4.8 | 4.1 | 4.1 | 4.8 | 4.2 | 4.0 | 7.8 |
| Price / free cash flow | 11.4 | 13.2 | 15.8 | 24.2 | 15.6 | 15.9 | 12.0 | 13.2 | 11.2 | 19.6 |
| Price / operating cash flow | 8.5 | 10.4 | 12.1 | 18.2 | 12.9 | 13.0 | 10.5 | 10.7 | 8.7 | 14.7 |
| EV / sales | 1.7 | 2.3 | 2.7 | 3.1 | 2.8 | 2.8 | 2.9 | 2.6 | 2.6 | 2.7 |
| EV / EBITDA | 9.4 | 11.5 | 12.9 | 15.2 | 13.0 | 12.9 | 13.9 | 13.6 | 12.8 | 13.4 |
| EV / free cash flow | 19.4 | 19.7 | 20.9 | 29.7 | 19.6 | 20.4 | 15.8 | 19.4 | 18.1 | 24.6 |
| Earnings yield | −0.5% | 7.6% | 6.3% | 5.1% | 6.3% | 6.0% | 5.6% | 5.9% | 8.6% | 4.9% |
| Free cash flow yield | 8.8% | 7.6% | 6.3% | 4.1% | 6.4% | 6.3% | 8.3% | 7.6% | 9.0% | 5.1% |
| Dividend yield | 7.1% | 4.4% | 3.4% | 2.5% | 2.9% | 3.2% | 3.1% | 3.9% | 4.6% | 3.3% |
| Shareholder yield (dividends + buybacks) | 9.8% | 8.4% | 8.4% | 5.3% | 5.0% | 4.0% | 3.1% | 4.0% | 7.0% | 8.2% |
| Share price at fiscal year-end | $33.81 | $54.26 | $68.75 | $84.16 | $69.85 | $62.86 | $63.04 | $49.44 | $42.29 | $56.74 |
| Per share | ||||||||||
| Revenue per share | $33.65 | $34.95 | $34.27 | $33.42 | $31.00 | $29.28 | $28.74 | $27.86 | $26.87 | $26.12 |
| Earnings per share | −$0.16 | $4.12 | $4.31 | $4.31 | $4.42 | $3.78 | $3.56 | $2.90 | $3.64 | $2.77 |
| Operating cash flow per share | $3.96 | $5.23 | $5.70 | $4.62 | $5.41 | $4.82 | $5.99 | $4.64 | $4.85 | $3.87 |
| Free cash flow per share | $2.97 | $4.11 | $4.36 | $3.47 | $4.48 | $3.96 | $5.24 | $3.75 | $3.79 | $2.89 |
| Cash per share | $0.83 | $0.65 | $0.72 | $1.17 | $1.34 | $3.01 | $2.74 | $0.74 | $0.68 | $1.28 |
| Book value per share | $13.46 | $16.50 | $16.22 | $17.38 | $17.21 | $15.30 | $13.14 | $11.65 | $10.49 | $7.24 |
| Tangible book value per share | −$24.60 | −$24.22 | −$21.28 | −$18.35 | −$17.69 | −$18.97 | −$21.13 | −$23.30 | −$26.24 | −$14.97 |
| Dividends per share | $2.40 | $2.40 | $2.35 | $2.14 | $2.03 | $2.01 | $1.95 | $1.95 | $1.95 | $1.90 |
| Capex per share | $0.99 | $1.12 | $1.34 | $1.15 | $0.93 | $0.86 | $0.75 | $0.89 | $1.06 | $1.14 |
| Debt per share | $24.73 | $27.44 | $22.98 | $20.07 | $19.55 | $21.01 | $22.69 | $23.93 | $27.01 | $15.86 |
| Shares outstanding | 547.5M | 557.5M | 579.5M | 601.2M | 612.6M | 619.1M | 613.3M | 605.4M | 585.7M | 598.0M |
| Change in shares outstanding | −1.8% | −3.8% | −3.6% | −1.9% | −1.0% | +0.9% | +1.3% | +3.4% | −2.1% | −2.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −1.1% | 24.7% | 25.2% | 24.7% | 27.1% | 26.7% | 28.9% | 26.6% | 40.7% | 35.8% |
| Return on invested capital (ROIC) | 2.0% | 11.4% | 12.6% | 12.8% | 13.5% | 12.1% | 11.7% | 9.8% | 13.6% | 14.0% |
| Return on assets (ROA) | −0.3% | 7.1% | 7.9% | 8.3% | 8.6% | 7.5% | 7.2% | 5.8% | 8.1% | 7.6% |
| Return on tangible assets | −1.0% | 22.1% | 25.6% | 26.0% | 27.9% | 22.0% | 22.3% | 19.6% | 23.4% | 19.4% |
| Free cash flow margin | 8.8% | 11.8% | 12.7% | 10.4% | 14.5% | 13.5% | 18.2% | 13.5% | 14.1% | 11.1% |
| Income quality (OCF / net income) | — | 1.27 | 1.32 | 1.07 | 1.22 | 1.27 | 1.69 | 1.60 | 1.33 | 1.40 |
| Financial health | ||||||||||
| Total debt | $13.54B | $15.30B | $13.32B | $12.06B | $11.98B | $13.01B | $13.92B | $14.49B | $15.82B | $9.48B |
| Cash & short-term investments | $453.8M | $363.9M | $418.0M | $702.7M | $819.2M | $1.87B | $1.68B | $450.0M | $399.0M | $766.1M |
| Net debt | $13.08B | $14.93B | $12.90B | $11.36B | $11.16B | $11.14B | $12.24B | $14.04B | $15.42B | $8.72B |
| Debt / equity | 1.84 | 1.66 | 1.42 | 1.15 | 1.14 | 1.37 | 1.73 | 2.05 | 2.58 | 2.19 |
| Debt / assets | 0.45 | 0.46 | 0.42 | 0.38 | 0.39 | 0.41 | 0.45 | 0.48 | 0.52 | 0.43 |
| Net debt / EBITDA | 3.89 | 3.81 | 3.16 | 2.78 | 2.68 | 2.87 | 3.34 | 4.35 | 4.91 | 2.74 |
| Current ratio | 0.68 | 0.67 | 0.65 | 0.69 | 0.63 | 0.70 | 0.68 | 0.59 | 0.56 | 0.76 |
| Quick ratio | 0.40 | 0.43 | 0.38 | 0.40 | 0.40 | 0.48 | 0.49 | 0.37 | 0.34 | 0.48 |
| Interest coverage | 1.6 | 6.3 | 7.2 | 9.0 | 9.2 | 7.5 | 6.3 | 4.8 | 6.5 | 8.4 |
| Working capital | −$2.16B | −$2.58B | −$2.45B | −$2.36B | −$2.93B | −$2.51B | −$2.37B | −$2.90B | −$3.22B | −$1.27B |
| Invested capital | $20.45B | $24.13B | $22.29B | $21.81B | $21.70B | $20.61B | $20.30B | $21.09B | $21.56B | $13.04B |
| Tangible asset value | −$13.46B | −$13.49B | −$12.08B | −$10.78B | −$10.59B | −$10.83B | −$12.12B | −$13.24B | −$14.24B | −$7.68B |
| Net current asset value | −$18.02B | −$18.58B | −$17.24B | −$15.58B | −$15.21B | −$15.71B | −$16.79B | −$18.01B | −$19.23B | −$12.15B |
| Graham number | — | $39.10 | $39.65 | $41.08 | $41.37 | $36.07 | $32.43 | $27.55 | $29.30 | $21.24 |
| Graham net-net per share | −$36.51 | −$37.83 | −$32.79 | −$29.03 | −$27.88 | −$27.99 | −$29.66 | −$32.18 | −$35.36 | −$22.55 |
| Capital allocation | ||||||||||
| Dividends paid | $1.32B | $1.34B | $1.36B | $1.29B | $1.24B | $1.25B | $1.20B | $1.18B | $1.14B | $1.14B |
| Share buybacks (net) | $500.3M | $1.20B | $2.00B | $1.40B | $876.8M | $301.4M | $3.4M | $1.1M | $601.6M | $1.65B |
| Dividend payout ratio | — | 58.3% | 54.6% | 49.7% | 46.0% | 53.3% | 54.8% | 67.4% | 53.5% | 68.5% |
| Dividends + buybacks / free cash flow | 111.6% | 110.8% | 133.1% | 128.8% | 77.2% | 63.1% | 37.3% | 52.1% | 78.5% | 161.0% |
| Capex / revenue | 2.9% | 3.2% | 3.9% | 3.4% | 3.0% | 2.9% | 2.6% | 3.2% | 4.0% | 4.4% |
| Capex / operating cash flow | 24.9% | 21.4% | 23.4% | 24.8% | 17.1% | 17.8% | 12.5% | 19.2% | 21.9% | 29.6% |
| Capex / depreciation | 0.97 | 1.16 | 1.40 | 1.26 | 1.00 | 0.88 | 0.77 | 0.87 | 1.01 | 1.13 |
| Stock-based compensation / revenue | 0.4% | 0.5% | 0.5% | 0.6% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | 0.6% |
| R&D / revenue | 1.4% | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% | 1.4% | 1.4% |
| SG&A / revenue | 18.4% | 13.0% | 16.0% | 12.9% | 12.3% | 16.3% | 13.3% | 16.9% | 17.5% | 18.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 35.5 | 36.3 | 36.3 | 36.1 | 36.3 | 36.1 | 38.8 | 41.9 | 40.9 | 37.3 |
| Days of inventory on hand | 57.1 | 54.5 | 57.5 | 54.4 | 53.5 | 50.7 | 47.4 | 52.6 | 55.4 | 52.6 |
| Days payables outstanding | 115.5 | 114.4 | 115.5 | 110.1 | 110.7 | 107.8 | 96.9 | 92.0 | 86.2 | 75.6 |
| Cash conversion cycle (days) | -22.9 | -23.6 | -21.7 | -19.6 | -20.9 | -21.0 | -10.7 | 2.5 | 10.1 | 14.3 |
| Receivables turnover | 10.28 | 10.06 | 10.05 | 10.11 | 10.06 | 10.11 | 9.42 | 8.71 | 8.92 | 9.78 |
| Payables turnover | 3.16 | 3.19 | 3.16 | 3.31 | 3.30 | 3.38 | 3.77 | 3.97 | 4.24 | 4.83 |
| Inventory turnover | 6.39 | 6.70 | 6.35 | 6.71 | 6.83 | 7.19 | 7.70 | 6.94 | 6.59 | 6.94 |
| Asset turnover | 0.58 | 0.60 | 0.63 | 0.64 | 0.60 | 0.58 | 0.58 | 0.56 | 0.60 | 0.72 |
| Average receivables | $1.79B | $1.94B | $1.98B | $1.99B | $1.89B | $1.79B | $1.87B | $1.94B | $1.76B | $1.60B |
| Average payables | $3.87B | $4.00B | $4.09B | $4.09B | $3.82B | $3.45B | $3.05B | $2.80B | $2.43B | $2.08B |
| Average inventory | $1.91B | $1.90B | $2.04B | $2.02B | $1.84B | $1.62B | $1.49B | $1.60B | $1.56B | $1.45B |
| Intangibles / total assets | 69.4% | 68.7% | 69.1% | 68.3% | 68.8% | 66.6% | 68.2% | 70.3% | 70.2% | 60.9% |
Computed from GIS's annual financial statements (latest annual report filed July 1, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
GIS valuation and financial ratios
General Mills earned a return on equity of −1.1% and a return on invested capital of 2.0% in fiscal 2026. It ended the year with $13.5 billion of debt and $453.8 million in cash and short-term investments, net debt of $13.1 billion. It returned $1.8 billion to shareholders: $1.3 billion in dividends and $500.3 million in share buybacks, 112% of free cash flow. The share count fell 8.4% from 598.0M to 547.5M over 9 years.
See the GIS income statement, the GIS chart for price history, or the GIS stock overview for the latest quote and news.
GIS key metrics FAQ
What is General Mills's EV/EBITDA?
General Mills's enterprise value was 9.4 times EBITDA at the end of fiscal 2026 (enterprise value $31.6 billion, EBITDA $3.4 billion); the current EV/EBITDA is 21.2.
What is General Mills's return on equity?
General Mills's return on equity (ROE) was −1.1% in fiscal 2026: net income of -$87.6 million on average shareholders' equity of $8.3 billion.
What is General Mills's ROIC?
General Mills's return on invested capital was 2.0% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does General Mills have?
General Mills had total debt of $13.5 billion at the end of fiscal 2026, a debt-to-equity ratio of 1.84 and $13.1 billion of net debt (3.89 times EBITDA).
What is General Mills's dividend yield?
General Mills's forward dividend yield is 7.36%. General Mills paid $1.3 billion in dividends in fiscal 2026 ($2.40 per share), a payout ratio of —.
Does General Mills buy back its shares?
Yes. General Mills spent $500.3 million on net share repurchases in fiscal 2026 Shares outstanding changed −1.8% over the year, to 547.5M..
What is General Mills's free cash flow yield?
General Mills generated $1.6 billion of free cash flow in fiscal 2026, a free cash flow yield of 8.8% on its market value at year-end ($18.5 billion).
What is General Mills's current ratio?
General Mills's current ratio was 0.68 at the end of fiscal 2026: current assets were 0.68 times current liabilities.