Capital Expenditures for General Mills (GIS)
According to General Mills's latest reported financial statements, the company's current capital expenditures (TTM) is $575.70M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$575.70M
YoY change
-19.2%
5Y CAGR
+6.3%
Peak year (2024)
$774.10M
Cumulative capital expenditures
$20.75B
CapEx history chart for General Mills (GIS) from 1984 to 2025
CapEx history table for General Mills (GIS) from 1984 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $625.30M | -19.2% | ||
| 2024 | $774.10M | +12.3% | ||
| 2023 | $689.50M | +21.2% | ||
| 2022 | $568.70M | +7.1% | ||
| 2021 | $530.80M | +15.2% | ||
| 2020 | $460.80M | -14.3% | ||
| 2019 | $537.60M | -13.7% | ||
| 2018 | $622.70M | -9.0% | ||
| 2017 | $684.40M | -6.2% | ||
| 2016 | $729.30M | +2.4% | ||
| 2015 | $712.40M | +7.4% | ||
| 2014 | $663.50M | +8.1% | ||
| 2013 | $613.90M | -9.2% | ||
| 2012 | $675.90M | +4.2% | ||
| 2011 | $648.80M | -0.2% | ||
| 2010 | $649.90M | +15.5% | ||
| 2009 | $562.60M | +7.8% | ||
| 2008 | $522.00M | +13.4% | ||
| 2007 | $460.20M | +27.8% | ||
| 2006 | $360.00M | -17.1% | ||
| 2005 | $434.00M | -30.9% | ||
| 2004 | $628.00M | -11.7% | ||
| 2003 | $711.00M | +40.5% | ||
| 2002 | $506.00M | +64.3% | ||
| 2001 | $308.00M | +14.9% | ||
| 2000 | $268.00M | -4.6% | ||
| 1999 | $280.90M | +53.0% | ||
| 1998 | $183.60M | +13.0% | ||
| 1997 | $162.50M | +26.2% | ||
| 1996 | $128.80M | -17.7% | ||
| 1995 | $156.50M | -72.0% | ||
| 1994 | $559.50M | -10.3% | ||
| 1993 | $623.80M | -10.3% | ||
| 1992 | $695.30M | +25.4% | ||
| 1991 | $554.60M | +2.7% | ||
| 1990 | $540.00M | +22.1% | ||
| 1989 | $442.40M | +7.7% | ||
| 1988 | $410.70M | +24.8% | ||
| 1987 | $329.10M | +34.4% | ||
| 1986 | $244.90M | +16.8% | ||
| 1985 | $209.70M | -25.7% | ||
| 1984 | $282.40M | — |
CapEx values are taken from General Mills's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, General Mills (GIS) capital expenditures totalled $625.30M – declined 19.2% year-over-year.
Over 2020–2025 (5 years), General Mills capital expenditures expanded at a +6.3% compound annual rate, with the latest reading among the more recent periods of the dataset.
General Mills capital expenditures declined from $774.10M in 2024 to $625.30M in 2025, a 19.2% drawdown.
2024 marks the peak capital expenditures at $774.10M, with the historical low of $128.80M recorded in 1996.
Among 8 Consumer Defensive peers, General Mills (GIS) ranks 7th; the peer median for capital expenditures is $2.94B.
General Mills Capital Expenditures by Year
General Mills Capital Expenditures 2025: $625.30M
General Mills capital expenditures in 2025 was $625.30M, declined 19.2% below 2024.
General Mills Capital Expenditures 2024: $774.10M
General Mills capital expenditures in 2024 was $774.10M, grew 12.3% from 2023. This figure represents the highest annual value in the available history.
General Mills Capital Expenditures 2023: $689.50M
General Mills capital expenditures in 2023 was $689.50M, grew 21.2% from 2022.
General Mills Capital Expenditures 2022: $568.70M
General Mills capital expenditures in 2022 was $568.70M, grew 7.1% from 2021.
General Mills Capital Expenditures 2021: $530.80M
General Mills capital expenditures in 2021 was $530.80M.
See more financial history for General Mills (GIS).
Sector peers — CapEx
Companies in the same sector as General Mills, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $26.64B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $5.50B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $4.42B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $3.77B | Consumer Defensive |
| The Coca-Cola Company (KO) | $2.11B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $1.57B | Consumer Defensive |
| Altria Group, Inc. (MO) | $216.00M | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $132.28M | Consumer Defensive |
Frequently asked questions
What is General Mills's capital expenditures?
- Latest reported capital expenditures for General Mills (GIS) is $575.70M (period ending February 22, 2026).
How has General Mills capital expenditures changed year-over-year?
- General Mills (GIS) capital expenditures changed -19.2% year-over-year on the latest annual filing.
What is the long-term growth rate of General Mills capital expenditures?
- General Mills (GIS) capital expenditures compound annual growth rate is +6.3% over the most recent 5 years available.
When did General Mills capital expenditures hit its highest annual value?
- General Mills capital expenditures reached its highest annual value of $774.10M in 2024.
What was General Mills capital expenditures in 2024?
- General Mills (GIS) capital expenditures in 2024 was $774.10M.
What was General Mills capital expenditures in 2025?
- General Mills (GIS) capital expenditures in 2025 was $625.30M.
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