How does General Mills (GIS) make money?

General Mills (GIS) generates revenue primarily from Snacks, which accounted for 22.5% of total revenue in TTM through Q1 2026. The company reported $18.37B in revenue and converted 12.1% of it into net profit, equivalent to roughly $2.21B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of General Mills (GIS)?

General Mills (GIS) reported a gross profit margin of 33% in TTM through Q1 2026, equivalent to $6.06B in gross profit on $18.37B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of General Mills (GIS)?

General Mills (GIS) reported an operating profit margin of 19.1% in TTM through Q1 2026, equivalent to $3.50B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of General Mills (GIS)?

General Mills (GIS) reported a net profit margin of 12.1% in TTM through Q1 2026, equivalent to $2.21B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is General Mills (GIS) profitable?

Yes. General Mills (GIS) reported $2.21B in net income for TTM through Q1 2026, with a net profit margin of 12.1%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does General Mills (GIS) spend on capital expenditures?

General Mills (GIS) spent $575.70M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 3.1% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does General Mills (GIS) generate?

General Mills (GIS) generated $1.65B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 9.0%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of General Mills (GIS)?

General Mills (GIS) had an effective tax rate of 26.1% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of General Mills (GIS)?

General Mills (GIS) reports revenue across 10 reportable product segments, led by Snacks at 22.5% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How General Mills Makes Money: 2026 Visual Revenue Map

General Mills (GIS) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending February 22, 2026 (reported March 18, 2026).

General Mills discloses geographic revenue only in annual filings. to view the full breakdown.

General Mills (GIS) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for General Mills (GIS) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Snacks	$4.13B	22.5%
Cereal	$3.14B	17.1%
Convenient meals	$2.83B	15.4%
Dough	$2.33B	12.7%
Baking mixes and ingredients	$1.90B	10.3%
Pet	$1.39B	7.6%
Pet Segment	$1.32B	7.2%
Super-premium ice cream	$757.28M	4.1%
Other segments	$580.42M	3.2%
Total	$18.37B	100%

Snacks$4.13B
Cereal$3.14B
Convenient meals$2.83B
Dough$2.33B
Baking mixes and ingredients$1.90B
Pet$1.39B
Pet Segment$1.32B
Super-premium ice cream$757.28M
Other segments$580.42M
Total$18.37B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, General Mills (GIS) reports revenue across 10 operating segments; the largest segment was Snacks at 22.5%, followed by Cereal (17.1%) and Convenient meals (15.4%).

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