# General Mills (GIS) Forecast Calculator

Interactive five-year financial forecast and DCF for General Mills. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/general-mills/forecast
- Industry: Staples
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 16865200000 | 2269400000 | 3136000000 | 1752700000 |
| 2022 | 17626600000 | 3215400000 | 3548600000 | 2181200000 |
| 2023 | 18127000000 | 2452400000 | 3746100000 | 2339800000 |
| 2024 | 18992800000 | 2747400000 | 4046100000 | 2707300000 |
| 2025 | 20094200000 | 2089100000 | 3980400000 | 2593900000 |

## Frequently asked questions

### What kind of products does General Mills sell?

General Mills is a global manufacturer and marketer of a diverse portfolio of branded consumer foods and pet products. Its well-known brands include Cheerios, Betty Crocker, Pillsbury, Häagen-Dazs, and Blue Buffalo.

### How does General Mills generate its revenue?

General Mills generates revenue through its strong brand equity, extensive marketing efforts, and large supply chain scale across various segments like North America Retail, International, North America Pet, and North America Foodservice. The company also strategically acquires high-growth, premium brands to enhance its sales.

### What is General Mills' typical capital expenditure as a percentage of revenue?

General Mills typically maintains capital expenditures at 3.0% to 4.0% of its revenue. Approximately 60% of this spend is for maintenance, while the remaining 40% is allocated to growth initiatives such as expanding pet food manufacturing capacity and digital transformation.

### What is the forecast horizon for the General Mills financial model?

The financial model for General Mills projects consolidated financial statements and intrinsic valuation from fiscal year 2026 through fiscal year 2030. This forecast horizon helps assess whether the current share price accurately reflects the company's strategic initiatives.

### Can I download an Excel financial model for General Mills?

Yes, an Excel financial model for General Mills is available for download. It is a general corporate model designed to project the company's financials and intrinsic valuation.

### What is General Mills' strategy regarding acquisitions and divestitures?

General Mills employs a strategic portfolio shaping approach, divesting low-growth, margin-dilutive businesses while acquiring high-growth, premium brands. Recent examples include divesting its North America Yogurt business and acquiring pet food brands like Edgard & Cooper and Whitebridge Pet Brands.