General Mills, Inc. (GIS) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Packaged Foods
EV/EBITDA
↓
8.52
↓-37% vs avg
5yr avg: 13.45
30Y Low8.6·High17.4
P/FCF
↓
7.78
↓-54% vs avg
5yr avg: 16.86
30Y Low11.2·High38.2
P/B Ratio
↓
2.02
↓-49% vs avg
5yr avg: 3.96
30Y Low2.8·High77.0
ROE
↑
24.3%
-1% vs avg
5yr avg: 24.6%
30Y Low16%·High302%
Debt/EBITDA
↑
3.98
+19% vs avg
5yr avg: 3.36
30Y Low1.4·High6.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GIS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
General Mills, Inc. trades at 8.2x earnings, 50% below its 5-year average of 16.2x, sitting at the 0th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a discount of 57%. On a free-cash-flow basis, the stock trades at 7.8x P/FCF, 54% below the 5-year average of 16.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $17.8B | $29.8B | $39.6B | $50.6B | $42.8B | $38.9B | $38.7B | $29.9B | $24.8B | $33.9B | $38.4B |
| Enterprise Value | $32.8B | $44.7B | $52.5B | $62.1B | $54.2B | $50.4B | $50.9B | $44.0B | $40.2B | $42.6B | $46.0B |
| P/E Ratio → | 8.15 | 13.02 | 15.85 | 19.53 | 15.81 | 16.63 | 17.71 | 17.05 | 11.62 | 20.48 | 22.66 |
| P/S Ratio | 0.92 | 1.53 | 1.99 | 2.52 | 2.25 | 2.15 | 2.19 | 1.77 | 1.57 | 2.17 | 2.32 |
| P/B Ratio | 2.02 | 3.23 | 4.10 | 4.73 | 3.97 | 3.75 | 4.35 | 3.78 | 3.41 | 6.06 | 6.24 |
| P/FCF | 7.78 | 12.98 | 15.65 | 24.23 | 15.58 | 15.87 | 12.02 | 13.19 | 11.17 | 19.60 | 18.86 |
| P/OCF | 6.11 | 10.20 | 11.98 | 18.21 | 12.91 | 13.05 | 10.52 | 10.66 | 8.72 | 14.67 | 14.59 |
P/E links to full P/E history page with 30-year chart
GIS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
General Mills, Inc.'s enterprise value stands at 8.5x EBITDA, 37% below its 5-year average of 13.5x. The Consumer Defensive sector median is 11.0x, placing the stock at a 23% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.29 | 2.64 | 3.09 | 2.85 | 2.78 | 2.89 | 2.61 | 2.55 | 2.73 | 2.78 |
| EV / EBITDA | 8.52 | 11.63 | 13.17 | 15.60 | 13.40 | 13.46 | 14.34 | 14.02 | 13.23 | 13.78 | 13.89 |
| EV / EBIT | 9.91 | 13.21 | 14.88 | 17.56 | 15.09 | 15.35 | 16.57 | 16.85 | 15.94 | 16.57 | 16.95 |
| EV / FCF | — | 19.49 | 20.75 | 29.72 | 19.74 | 20.56 | 15.83 | 19.38 | 18.12 | 24.64 | 22.62 |
GIS Profitability
Margins and return-on-capital ratios measuring operating efficiency
General Mills, Inc. earns an operating margin of 17.0%, above the Consumer Defensive sector average of 3.5%. ROE of 24.3% indicates solid capital efficiency, compared to the sector median of 6.5%. ROIC of 10.6% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.6% | 34.6% | 34.9% | 32.6% | 33.7% | 35.6% | 34.8% | 34.1% | 34.5% | 35.6% | 35.2% |
| Operating Margin | 17.0% | 17.0% | 17.3% | 17.1% | 18.3% | 17.3% | 16.8% | 14.9% | 15.4% | 16.0% | 16.3% |
| Net Profit Margin | 11.8% | 11.8% | 12.6% | 12.9% | 14.3% | 12.9% | 12.4% | 10.4% | 13.5% | 10.6% | 10.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.3% | 24.3% | 24.5% | 24.1% | 25.6% | 24.3% | 25.9% | 23.1% | 33.1% | 28.2% | 27.5% |
| ROA | 7.1% | 7.1% | 7.9% | 8.3% | 8.6% | 7.5% | 7.2% | 5.8% | 8.1% | 7.6% | 7.8% |
| ROIC | 10.6% | 10.6% | 11.5% | 11.6% | 11.8% | 11.0% | 10.3% | 8.5% | 9.8% | 13.3% | 14.1% |
| ROCE | 13.3% | 13.3% | 14.2% | 14.6% | 14.9% | 13.4% | 12.7% | 10.9% | 12.2% | 15.0% | 16.1% |
GIS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
General Mills, Inc. carries a Debt/EBITDA ratio of 4.0x, which is moderately leveraged (14% above the sector average of 3.5x). Net debt stands at $14.9B ($15.3B total debt minus $364M cash). Interest coverage of 6.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.66 | 1.66 | 1.38 | 1.13 | 1.11 | 1.25 | 1.56 | 1.83 | 2.18 | 1.69 | 1.37 |
| Debt / EBITDA | 3.98 | 3.98 | 3.34 | 3.03 | 2.96 | 3.47 | 3.92 | 4.62 | 5.21 | 3.06 | 2.54 |
| Net Debt / Equity | — | 1.62 | 1.34 | 1.07 | 1.06 | 1.11 | 1.38 | 1.77 | 2.12 | 1.56 | 1.25 |
| Net Debt / EBITDA | 3.88 | 3.88 | 3.24 | 2.88 | 2.82 | 3.07 | 3.45 | 4.48 | 5.07 | 2.82 | 2.31 |
| Debt / FCF | — | 6.51 | 5.10 | 5.49 | 4.15 | 4.69 | 3.81 | 6.19 | 6.95 | 5.04 | 3.77 |
| Interest Coverage | 6.02 | 6.02 | 6.82 | 8.73 | 9.23 | 7.52 | 6.41 | 4.86 | 6.07 | 8.27 | 8.99 |
GIS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.67x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.67 | 0.67 | 0.65 | 0.69 | 0.63 | 0.70 | 0.68 | 0.59 | 0.56 | 0.76 | 0.79 |
| Quick Ratio | 0.43 | 0.43 | 0.38 | 0.40 | 0.40 | 0.48 | 0.49 | 0.37 | 0.34 | 0.48 | 0.50 |
| Cash Ratio | 0.05 | 0.05 | 0.06 | 0.09 | 0.10 | 0.23 | 0.22 | 0.06 | 0.05 | 0.14 | 0.15 |
| Asset Turnover | — | 0.59 | 0.63 | 0.64 | 0.61 | 0.57 | 0.57 | 0.56 | 0.51 | 0.72 | 0.76 |
| Inventory Turnover | 6.67 | 6.67 | 6.81 | 6.24 | 6.74 | 6.42 | 8.06 | 7.12 | 6.27 | 6.78 | 7.59 |
| Days Sales Outstanding | — | 36.28 | 35.63 | 36.58 | 37.69 | 36.55 | 36.67 | 42.68 | 44.04 | 38.06 | 34.48 |
GIS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
General Mills, Inc. returns 13.9% to shareholders annually — split between a 7.2% dividend yield and 6.7% buyback yield. A payout ratio of 58.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 12.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 7.2% | 4.5% | 3.4% | 2.5% | 2.9% | 3.2% | 3.1% | 3.9% | 4.6% | 3.3% | 2.8% |
| Payout Ratio | 58.3% | 58.3% | 54.6% | 49.7% | 46.0% | 53.3% | 54.8% | 67.4% | 53.5% | 68.5% | 63.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 12.3% | 7.7% | 6.3% | 5.1% | 6.3% | 6.0% | 5.6% | 5.9% | 8.6% | 4.9% | 4.4% |
| FCF Yield | 12.9% | 7.7% | 6.4% | 4.1% | 6.4% | 6.3% | 8.3% | 7.6% | 9.0% | 5.1% | 5.3% |
| Buyback Yield | 6.7% | 4.0% | 5.1% | 2.8% | 2.0% | 0.8% | 0.0% | 0.0% | 2.4% | 4.9% | 1.6% |
| Total Shareholder Yield | 13.9% | 8.5% | 8.5% | 5.3% | 5.0% | 4.0% | 3.1% | 4.0% | 7.0% | 8.2% | 4.4% |
| Shares Outstanding | — | $558M | $580M | $601M | $613M | $619M | $613M | $605M | $586M | $598M | $611M |
Peer Comparison
Compare GIS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 GISYou | $18B | 8.2 | 8.5 | 7.8 | 34.6% | 17.0% | 24.3% | 10.6% | 4.0 |
 K | $29B | 21.5 | 15.5 | 25.6 | 36.9% | 14.7% | 37.0% | 14.7% | 2.8 |
 CPB | $6B | 10.5 | 7.5 | 8.9 | 30.4% | 13.2% | 15.6% | 9.1% | 4.0 |
 CAG | $6B | 5.5 | 8.3 | 4.8 | 25.9% | 11.8% | 12.9% | 6.0% | 4.7 |
 SJM | $12B | -85.3 | 33.0 | 10.2 | 33.5% | 4.0% | -2.4% | 2.1% | 12.4 |
 HRL | $13B | 27.8 | 15.8 | 24.9 | 15.6% | 5.9% | 6.0% | 5.3% | 2.9 |
 MKC | $12B | 15.9 | 11.9 | 16.0 | 37.9% | 16.0% | 14.2% | 8.5% | 3.0 |
 POST | $4B | 16.0 | 8.4 | 8.2 | 26.4% | 10.4% | 8.5% | 5.9% | 5.6 |
 MDLZ | $77B | 31.8 | 19.6 | 23.9 | 28.0% | 9.4% | 9.3% | 6.0% | 4.5 |
 HSY | $35B | 39.8 | 27.2 | 20.0 | 33.3% | 12.1% | 18.9% | 11.5% | 3.7 |
 TR | $3B | 26.5 | 21.4 | 28.3 | 35.5% | 14.0% | 11.0% | 9.8% | 0.1 |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into GIS consensus models and risk factors.
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DCF models, multiple analysis, and analyst estimates.
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10-year return with dividends reinvested.
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Peer Comparison
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GIS — Frequently Asked Questions
Quick answers to the most common questions about buying GIS stock.
What is General Mills, Inc.'s P/E ratio?
General Mills, Inc.'s current P/E ratio is 8.2x. The historical average is 18.9x.
What is General Mills, Inc.'s EV/EBITDA?
General Mills, Inc.'s current EV/EBITDA is 8.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.2x.
What is General Mills, Inc.'s ROE?
General Mills, Inc.'s return on equity (ROE) is 24.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 46.9%.
Is GIS stock overvalued?
Based on historical data, General Mills, Inc. is trading at a P/E of 8.2x. Compare with industry peers and growth rates for a complete picture.
What is General Mills, Inc.'s dividend yield?
General Mills, Inc.'s current dividend yield is 7.19% with a payout ratio of 58.3%.
What are General Mills, Inc.'s profit margins?
General Mills, Inc. has 34.6% gross margin and 17.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does General Mills, Inc. have?
General Mills, Inc.'s Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.