Income Statement Research
Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
Snapshot
GENERAL MILLS, INC.'s top line, gross profit, operating income, and bottom-line conversion. Values in USD millions.
Revenue
+71.4%Compound growth, FY2022 to FY2026
Gross profit
FY2026Latest annual filing, FY2026
Operating Income
-28.9%Compound growth, FY2022 to FY2026
Net income
N/ACompound growth, FY2022 to FY2026
Headline results
Four lines, five fiscal years, straight from the filings.
GENERAL MILLS, INC. headline income statement — FY2026
Trend
The same four lines drawn across the window.
All values shown in USD millions unless noted otherwise.
Line items
The full annual income statement layer for GENERAL MILLS, INC., from revenue down to share counts.
Statement basis
USD millions, except per-share and share-count rows.
GENERAL MILLS, INC. expanded income statement — FY2026
Expanded annual statement lines sourced from the SEC EDGAR database for GENERAL MILLS, INC..
Margins
How much of GENERAL MILLS, INC.'s revenue survives through gross profit, operating income, and net income.
Gross margin
+52354 bpsFY2026, versus FY2022
Operating Margin
-15805 bpsFY2026, versus FY2022
Net income margin
-12732 bpsFY2026, versus FY2022
Observation window
yearsFY2022 through FY2026
Margin table
Side-by-side read of gross, operating and net margin.
GENERAL MILLS, INC. margins — FY2026
Margin trend
The shape of profitability across the window.
Margins are calculated from annual SEC facts using reported revenue as the denominator.
Year on year
Every headline line of GENERAL MILLS, INC.'s statement measured against the immediately prior period.
Revenue YoY
FY2025FY2026 versus FY2025
Gross profit YoY
FY2025FY2026 versus FY2025
Op. income YoY
FY2025FY2026 versus FY2025
Net income YoY
FY2025FY2026 versus FY2025
Year-on-year table
Contractions are tinted so slowdowns are obvious.
GENERAL MILLS, INC. year-on-year change — FY2026
Momentum
Whether the business is accelerating or rolling over.
Year-on-year change compares each annual period against the immediately prior year inside the selected window.
Compound growth
Compounded annual growth from FY2022 to FY2026, which filters out one-year noise.
Revenue CAGR
4yrFY2022 to FY2026
Gross profit CAGR
4yrFY2022 to FY2026
Op. income CAGR
4yrFY2022 to FY2026
Net income CAGR
4yrFY2022 to FY2026
Compound rates use the first and last reported year in the window, so a gap in either endpoint suppresses the figure.
Commentary
A written read of the filing-backed figures above. The statement itself remains the source of truth.
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Over the 201–2026 period, General Mills’ financial performance shows relative stability from 2022 through 2025, with moderate fluctuations in revenue, gross profit, operating income, and net income. Between 2022 and 2025, revenues hovered around the $5–5.2 billion range, while gross profit and operating income figures consistently supported profitability. For example, operating income remained in the $3300–3475 million range, suggesting that core operations were managed efficiently, and net income was positive and fairly stable, ranging from about $413 million to $795.7 million. This period reflects a steady performance in an industry characterized by stable consumer demand despite pressures such as commodity cost fluctuations and evolving consumer preferences. However, in 2026, the data depict marked deviations from prior trends. Revenue surged to an unexpectedly high $18.4 billion, yet gross profit dropped to $1603.5 million, and operating income fell sharply to $885.8 million, leading to a net loss of $87.6 million. These swings—especially a decline exceeding 70% in operating income compared to previous years and a 20%+ change in net income—suggest potential underlying issues such as abnormal cost pressures, possible restructuring expenses, or significant changes in revenue recognition practices. Despite a solid track record in earlier years, the 2026 numbers raise concerns about financial sustainability and indicate that further investigation into the company's operational strategies and market conditions is warranted.
This analysis is for informational purposes only and does not constitute financial advice or a recommendation for any investment decision. Please consult a qualified financial professional for personalised guidance.
