{ "ok": true, "cik": "40704", "ticker": "GIS", "name": "GENERAL MILLS, INC.", "filings": [ { "form": "10-Q", "filed": "2026-09-23", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/40704/000162828026063201/0001628280-26-063201-index.htm" }, { "form": "8-K", "filed": "2026-09-23", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/40704/000162828026063141/0001628280-26-063141-index.htm" }, { "form": "DEF 14A", "filed": "2026-08-13", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/40704/000162828026056619/0001628280-26-056619-index.htm" }, { "form": "10-K", "filed": "2026-07-01", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/40704/000162828026046466/0001628280-26-046466-index.htm" }, { "form": "8-K", "filed": "2026-07-01", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/40704/000162828026046337/0001628280-26-046337-index.htm" }, { "form": "8-K", "filed": "2026-05-06", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/40704/000162828026031456/0001628280-26-031456-index.htm" } ], "events12m": 10, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "2.05", "label": "Restructuring or exit costs", "count": 1, "latest": { "filed": "2025-10-01", "url": "https://www.sec.gov/Archives/edgar/data/40704/000119312525225852/0001193125-25-225852-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-05-06", "url": "https://www.sec.gov/Archives/edgar/data/40704/000162828026031456/0001628280-26-031456-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000040704.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=40704" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up GENERAL MILLS, INC. ($GIS). Last filing: 10-Q, 2026-09-23. 10 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2026-05-31", "revenue": 18424600000, "revenueGrowth1y": -0.05449898904888484, "revenueGrowthPerYear": -0.007554249619890374, "yearsOfData": 5, "operatingMargin": 0.048077027452427736, "operatingMarginPrior": 0.16959346422669938, "netMargin": -0.004754512988070297, "operatingCashFlow": 2166200000, "capitalSpending": 539900000, "freeCashFlow": 1626300000, "researchAndDevelopment": 256000000, "researchShareOfRevenue": 0.013894467179748814, "cash": 453800000, "longTermDebt": 13469600000, "longTermDebtChange": -0.051543488057683606, "revenueHistory": [ { "fiscalYearEnd": "2022-05-29", "revenue": 18992800000 }, { "fiscalYearEnd": "2023-05-28", "revenue": 20094200000 }, { "fiscalYearEnd": "2024-05-26", "revenue": 19857200000 }, { "fiscalYearEnd": "2025-05-25", "revenue": 19486600000 }, { "fiscalYearEnd": "2026-05-31", "revenue": 18424600000 } ], "totalEquity": 7368400000, "totalAssets": 30016700000, "equityRatio": 0.2454766846455473, "returnOnEquity": -0.011888605396015417, "dividendsPaid": 1315300000, "payoutRatio": null, "dividendPerShare": 2.44, "dividendYearsRising": 6, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -0.16, "sharesOutstanding": 537700000, "bookValuePerShare": 13.70355216663567, "revenuePerShare": 34.265575599776824, "range80": { "low": 15821826495.004591, "high": 18443839535.575573, "baseline": 17659981081.820404, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5714285714285714, "growthYears": 5, "ownVolatility": 0.047270008294630725, "classVolatility": 0.06659579566308972, "volatility": 0.05636971671372319 }, "ifPaceHeld": { "low": 15821826495.004591, "high": 18443839535.575573 } }, "edgarette": "🔖 Exposure: revenue $18.4B (FY2026), total debt $13.5B. Experience: revenue down 5.4% on the year, down 0.8% a year over 4 years; operating margin 4.8%, down from 17.0%. Soundness: equity 24.5% of assets, return on equity -1.2%, dividend per share up 6 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $15.8B and $18.4B next year (method v4.1: its own 5-year record of growth weighed at 57% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $14.8B to $19.6B. A statistical range, not company guidance. Against peers (47 filers, $50M+ revenue, its industry group): operating margin 4.8% against a 7.4% median; growth -5.4% against 2.7%.", "peers": { "sic": 2040, "sicDescription": "Grain Mill Products", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "20", "growth": [ 0.0273, 50 ], "opMargin": [ 0.0737, 47 ], "equityRatio": [ 0.4422, 46 ], "returnOnEquity": [ 0.0949, 41 ], "payoutRatio": [ 0.7155, 23 ] }, "summary": "General Mills (GIS) saw revenue fall 5.4% in FY2026 to $18.4 billion, operating margin 4.8% against a 7.4% median for grain mill products, equity 24.5% of assets, and dividend per share up 6 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
GENERAL MILLS, INC. against its own record and its peers
Operating marginPeer median 7.4%4.8%Revenue, on the yearPeer median 2.7%-5.4%Equity of assetsPeer median 44.2%24.5%Return on equityPeer median 9.5%-1.2%Gold tick: the median of 41–46 peers with $50M+ revenue in grain mill products
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profitHanded back per share$2.44up 6 years runningRevenue growth it managed-5.4%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 6, "hits": 6, "rate": 1, "method": "v4", "byYear": { "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ], "2026": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-25T16:30:36.662Z", "hash": "4487f10a3c0e7abe", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "General Mills (GIS) saw revenue fall 5.4% in FY2026 to $18.4 billion, operating margin 4.8% against a 7.4% median for grain mill products, equity 24.5% of assets, and dividend per share up 6 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2026-05-31", "revenue": 18424600000, "totalDebt": 13469600000, "cash": 453800000 }, "experience": { "revenueGrowth1y": -0.05449898904888484, "revenueGrowthPerYear": -0.007554249619890374, "operatingMargin": 0.048077027452427736, "operatingMarginPrior": 0.16959346422669938, "netMargin": -0.004754512988070297, "freeCashFlow": 1626300000 }, "soundness": { "equityRatio": 0.2454766846455473, "returnOnEquity": -0.011888605396015417, "payoutRatio": null, "dividendPerShare": 2.44, "dividendYearsRising": 6, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 2040, "sicDescription": "Grain Mill Products", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "20", "growth": [ 0.0273, 50 ], "opMargin": [ 0.0737, 47 ], "equityRatio": [ 0.4422, 46 ], "returnOnEquity": [ 0.0949, 41 ], "payoutRatio": [ 0.7155, 23 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "2.05", "label": "Restructuring or exit costs", "count": 1, "latest": { "filed": "2025-10-01", "url": "https://www.sec.gov/Archives/edgar/data/40704/000119312525225852/0001193125-25-225852-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 3, "latest": { "filed": "2026-05-06", "url": "https://www.sec.gov/Archives/edgar/data/40704/000162828026031456/0001628280-26-031456-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 15821826495.004591, "high": 18443839535.575573, "baseline": 17659981081.820404, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.571, "growthYears": 5, "ownVolatility": 0.047270008294630725, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.05636971671372319, "k": 3 }, "stress": { "low": 14791167486.706846, "high": 19612670629.51621, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 6, "hits": 6, "rate": 1, "method": "v4", "byYear": { "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ], "2026": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-25T16:30:36.662Z", "hash": "4487f10a3c0e7abe", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000040704.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=40704" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1176, "growth3y": -0.0285, "volatility": 0.0468, "paysDividend": true, "raisedDividend": false, "equityRatio": 0.2862, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 11.8% of revenue into operating cash; revenue shrinking 2.9% a year over three years; pays a dividend.", "outside": "Among $10B+ companies: 45th percentile for cash, 17th for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$10B+", "cashPctInClass": 45, "growthPctInClass": 17, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed restructuring or exit costs in the last 12 months" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2026-05-31", "operating": 2166200000, "investing": 1258200000, "financing": -3315000000, "capitalSpending": 539900000, "free": 1626300000, "trend": [ { "fiscalYearEnd": "2022-05-29", "operating": 3316100000, "free": 2747400000 }, { "fiscalYearEnd": "2023-05-28", "operating": 2778600000, "free": 2089100000 }, { "fiscalYearEnd": "2024-05-26", "operating": 3302600000, "free": 2528500000 }, { "fiscalYearEnd": "2025-05-25", "operating": 2918200000, "free": 2292900000 }, { "fiscalYearEnd": "2026-05-31", "operating": 2166200000, "free": 1626300000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2026-05-31", "cash": 453800000, "shortTerm": null, "longTerm": null, "equityHoldings": 4600000, "totalAssets": 30016700000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1176, "growth3y": -0.0285, "volatility": 0.0468, "paysDividend": true, "raisedDividend": false, "equityRatio": 0.2862, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 11.8% of revenue into operating cash; revenue shrinking 2.9% a year over three years; pays a dividend.", "outside": "Among $10B+ companies: 45th percentile for cash, 17th for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$10B+", "cashPctInClass": 45, "growthPctInClass": 17, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed restructuring or exit costs in the last 12 months" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2026-05-31", "operating": 2166200000, "investing": 1258200000, "financing": -3315000000, "capitalSpending": 539900000, "free": 1626300000, "trend": [ { "fiscalYearEnd": "2022-05-29", "operating": 3316100000, "free": 2747400000 }, { "fiscalYearEnd": "2023-05-28", "operating": 2778600000, "free": 2089100000 }, { "fiscalYearEnd": "2024-05-26", "operating": 3302600000, "free": 2528500000 }, { "fiscalYearEnd": "2025-05-25", "operating": 2918200000, "free": 2292900000 }, { "fiscalYearEnd": "2026-05-31", "operating": 2166200000, "free": 1626300000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2026-05-31", "cash": 453800000, "shortTerm": null, "longTerm": null, "equityHoldings": 4600000, "totalAssets": 30016700000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }