GI
General Mills Inc
GIS—
General Mills Inc AI Insights
Informational only. Not investment advice.Snapshot
- Goodwill of 15.7B is 165% of equity (9.5B) with tangible book value negative at -13.2B - material impairment risk if brands underperform[Goodwill]
- Operating margin TTM 16.4% is 3.2x industry median (5.2%) - structural pricing power in staples category[Operating Margin TTM]
- FCF of 2.1B TTM covers 2.41 dividend (1.3B) 1.6x while debt/equity at 1.52 limits flexibility[Free Cash Flow TTM]
Watch Triggers
- Operating Margin TTM: Falls below 14% — Margin compression below 14% would signal pricing power erosion and threaten dividend coverage
- Goodwill: Any impairment charge — With goodwill at 165% of equity, even 10% impairment wipes 16% of book value
- Free Cash Flow TTM: Falls below 1.5B — Below 1.5B FCF would not cover dividend (1.3B) with adequate safety margin
Bull Case
ROE of 31.1% vs industry median 8.6% (3.6x) with ROIC 12.5% vs 5% median demonstrates capital efficiency despite leverage
ROE TTMROIC TTM
P/E of 12.1x vs industry 17.8x median offers 32% discount for a company with 3x better margins
P/E RatioOperating Margin TTM
Bear Case
Goodwill 165% of equity with negative tangible book (-13.2B) means any brand impairment directly erodes equity base
GoodwillTangible Book Value
Revenue 19.2B flat while 1.05B gain on sale inflated earnings - core growth unclear post-divestiture
Total Revenue TTMGain on Sale of Business
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
45%
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Forward Thesis
Portfolio reshaping via 1.8B divestiture signals margin focus over growth
1-3ymed
- Gain on sale of 1.05B boosted net income TTM
- Net debt paydown of 655M improving leverage
- Operating margin 3x industry sustains premium
Sale of business: 1.8B TTMNet issuance payments: -655MOperating margin: 16.4% vs 5.2% median
Dividend sustainability at risk if FCF margin compresses below 10%
1-3ylow
- Current FCF margin 10.9% with 2.41/share payout
- Debt of 14.4B at 1.52x equity constrains buybacks
- Working capital deficit of -2.7B limits cushion
FCF: 2.1B on 19.2B revenueDividends paid: ~1.3B annuallyWorking capital: -2.7B
Valuation Context
Caveats
Public Strategies Rankings
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GIS Fundamentals
Manufacturing → Food Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$23.92B | — | ||
$36.97B | — | ||
13 | — | ||
$18.78B | -5.7% | — | |
$3.33 | -30.2% | — | |
15.5% | -3.2% | — | |
13.5% | +0.4% | — | |
$1.78B | -36.3% | — | |
0.27 | -0.6% | — | |
Beta 5Y (Monthly) | unknown | — |
GIS Dividend History
105 dividends
2026
$0.610001/09/26$0.6100
2025
$2.420010/10/25$0.6100
07/10/25$0.6100
04/10/25$0.6000
01/10/25$0.6000
2024
$2.380010/10/24$0.6000
07/10/24$0.6000
04/09/24$0.5900
01/09/24$0.5900
2023
$2.260010/06/23$0.5900
07/07/23$0.5900
04/06/23$0.5400
01/09/23$0.5400
2022
$2.100010/06/22$0.5400
07/07/22$0.5400
04/07/22$0.5100
01/07/22$0.5100
2021
$2.040010/07/21$0.5100
07/08/21$0.5100
04/08/21$0.5100
01/07/21$0.5100
2020
$1.980010/08/20$0.5100
07/09/20$0.4900
04/08/20$0.4900
01/09/20$0.4900
2019
$1.960010/09/19$0.4900
07/09/19$0.4900
04/09/19$0.4900
01/09/19$0.4900
2018
$1.960010/09/18$0.4900
07/09/18$0.4900
04/09/18$0.4900
01/09/18$0.4900
2017
$1.940010/06/17$0.4900
07/06/17$0.4900
04/06/17$0.4800
01/06/17$0.4800
2016
$1.860010/05/16$0.4800
07/07/16$0.4800
04/07/16$0.4600
01/07/16$0.4400
2015
$1.730010/07/15$0.4400
07/08/15$0.4400
04/08/15$0.4400
01/08/15$0.4100
2014
$1.610010/08/14$0.4100
07/08/14$0.4100
04/08/14$0.4100
01/08/14$0.3800
2013
$1.420010/08/13$0.3800
07/08/13$0.3800
04/08/13$0.3300
01/08/13$0.3300
2012
$1.270010/05/12$0.3300
07/06/12$0.3300
04/05/12$0.3050
01/06/12$0.3050
2011
$1.170010/05/11$0.3050
07/07/11$0.3050
04/07/11$0.2800
01/06/11$0.2800
2010
$1.050010/06/10$0.2800
07/08/10$0.2800
04/08/10$0.2450
01/07/10$0.2450
2009
$0.900010/07/09$0.2350
07/08/09$0.2350
04/07/09$0.2150
01/08/09$0.2150
2008
$0.825010/08/08$0.2150
07/08/08$0.2150
04/08/08$0.2000
01/08/08$0.1950
2007
$0.760010/05/07$0.1950
07/06/07$0.1950
04/05/07$0.1850
01/08/07$0.1850
2006
$0.690010/05/06$0.1750
07/06/06$0.1750
04/06/06$0.1700
01/06/06$0.1700
2005
$0.640010/05/05$0.1650
07/07/05$0.1650
04/07/05$0.1550
01/06/05$0.1550
2004
$0.585010/06/04$0.1550
07/08/04$0.1550
04/07/04$0.1375
01/08/04$0.1375
2003
$0.550010/08/03$0.1375
07/08/03$0.1375
04/08/03$0.1375
01/08/03$0.1375
2002
$0.550010/08/02$0.1375
07/08/02$0.1375
04/08/02$0.1375
01/08/02$0.1375
2001
$0.550010/05/01$0.1375
07/06/01$0.1375
04/06/01$0.1375
01/08/01$0.1375
2000
$0.550010/05/00$0.1375
07/06/00$0.1375
04/06/00$0.1375
01/06/00$0.1375
GIS Stock Splits
1 stock split
06/09/100.5:1 split
GIS SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
12/17/25 | 11/23/25 | 10-Q | |
09/17/25 | 08/24/25 | 10-Q | |
06/26/25 | 05/25/25 | Unknown | |
03/19/25 | 02/23/25 | 10-Q | |
12/18/24 | 11/24/24 | 10-Q | |
09/18/24 | 08/25/24 | 10-Q | |
06/26/24 | 05/26/24 | 10-K | |
03/20/24 | 02/25/24 | 10-Q | |
12/20/23 | 11/26/23 | 10-Q | |
09/20/23 | 08/27/23 | 10-Q | |
06/28/23 | 05/28/23 | 10-K | |
03/23/23 | 02/26/23 | 10-Q | |
12/20/22 | 11/27/22 | 10-Q | |
09/21/22 | 08/28/22 | 10-Q | |
06/30/22 | 05/29/22 | 10-K | |
03/23/22 | 02/27/22 | 10-Q | |
12/21/21 | 11/28/21 | 10-Q | |
09/22/21 | 08/29/21 | 10-Q | |
06/30/21 | 05/30/21 | 10-K | |
03/24/21 | 02/28/21 | 10-Q | |
12/17/20 | 11/29/20 | 10-Q | |
09/23/20 | 08/30/20 | 10-Q | |
07/02/20 | 05/31/20 | 10-K | |
03/18/20 | 02/23/20 | 10-Q | |
12/18/19 | 11/24/19 | 10-Q | |
09/18/19 | 08/25/19 | 10-Q | |
06/28/19 | 05/26/19 | 10-K | |
03/20/19 | 02/24/19 | 10-Q | |
12/19/18 | 11/25/18 | 10-Q | |
09/18/18 | 08/26/18 | 10-Q | |
06/29/18 | 05/27/18 | 10-K | |
03/21/18 | 02/25/18 | 10-Q | |
12/20/17 | 11/26/17 | 10-Q | |
09/20/17 | 08/27/17 | 10-Q | |
06/29/17 | 05/28/17 | 10-K | |
03/21/17 | 02/26/17 | 10-Q | |
12/20/16 | 11/27/16 | 10-Q | |
09/21/16 | 08/28/16 | 10-Q | |
06/30/16 | 05/29/16 | 10-K | |
03/23/16 | 02/28/16 | 10-Q | |
12/17/15 | 11/29/15 | 10-Q | |
09/23/15 | 08/30/15 | 10-Q | |
07/06/15 | 05/31/15 | 10-K | |
03/18/15 | 02/22/15 | 10-Q | |
12/17/14 | 11/23/14 | 10-Q | |
09/18/14 | 08/24/14 | 10-Q | |
07/03/14 | 05/25/14 | 10-K | |
03/19/14 | 02/23/14 | 10-Q | |
12/18/13 | 11/30/13 | 10-Q | |
09/18/13 | 08/25/13 | 10-Q | |
07/03/13 | 05/26/13 | 10-K | |
03/20/13 | 02/24/13 | 10-Q | |
12/19/12 | 11/25/12 | 10-Q | |
09/19/12 | 08/26/12 | 10-Q | |
07/03/12 | 05/31/12 | 10-K | |
03/21/12 | 02/26/12 | 10-Q | |
12/20/11 | 11/27/11 | 10-Q | |
09/21/11 | 08/28/11 | 10-Q | |
07/08/11 | 05/29/11 | 10-K | |
03/21/12 | 02/27/11 | 10-Q | |
12/17/10 | 11/28/10 | 10-Q | |
09/22/10 | 08/31/10 | 4 | |
07/09/10 | 05/31/10 | 10-K | |
03/23/11 | 02/28/10 | 10-Q | |
03/24/10 | 02/28/10 | 10-Q | |
12/18/09 | 11/29/09 | 10-Q | |
09/24/09 | 08/30/09 | 10-Q | |
07/13/09 | 05/31/09 | 10-K | |
03/18/09 | 02/28/09 | 4 | |
12/17/08 | 11/30/08 | 4 | |
09/17/08 | 08/31/08 | 10-Q | |
05/31/08 | 05/31/08 | 10-K | |
03/20/08 | 02/29/08 | 10-Q | |
12/19/07 | 11/30/07 | 10-Q | |
09/19/07 | 08/31/07 | 10-Q | |
05/31/07 | 05/31/07 | 10-K | |
03/30/07 | 02/28/07 | 10-Q | |
01/05/07 | 11/30/06 | Unknown | -- |
10/02/06 | 08/30/06 | Unknown | -- |
07/27/06 | 05/30/06 | Unknown | -- |
04/03/06 | 02/28/06 | Unknown | -- |
01/06/06 | 11/30/05 | Unknown | -- |
10/03/05 | 08/30/05 | Unknown | -- |
07/28/05 | 05/30/05 | Unknown | -- |
04/07/05 | 02/28/05 | 8-K | |
01/06/05 | 11/30/04 | Unknown | -- |
10/04/04 | 08/30/04 | Unknown | -- |
07/29/04 | 05/31/04 | 10-K | |
04/06/04 | 02/29/04 | Unknown | -- |
01/06/04 | 11/30/03 | Unknown | -- |
10/07/03 | 08/30/03 | Unknown | -- |
08/05/03 | 05/30/03 | Unknown | -- |
04/08/03 | 02/28/03 | Unknown | -- |
01/06/03 | 11/30/02 | Unknown | -- |
10/07/02 | 08/30/02 | Unknown | -- |
08/14/02 | 05/30/02 | Unknown | -- |
04/10/02 | 02/28/02 | Unknown | -- |
01/09/02 | 11/30/01 | Unknown | -- |
10/04/01 | 08/30/01 | Unknown | -- |
08/15/01 | 05/30/01 | Unknown | -- |
04/05/01 | 02/28/01 | Unknown | -- |
01/05/01 | 11/30/00 | Unknown | -- |
10/06/00 | 08/30/00 | Unknown | -- |
08/18/00 | 05/30/00 | Unknown | -- |
04/11/00 | 02/29/00 | Unknown | -- |