Reported Q: Q3 2025 Rev YoY: -0.1% EPS YoY: +10.7% Move: -0.93%
General Mills Inc
GRM.DE
€40.60 -0.93%
Exchange XETRA Sector Consumer Defensive Industry Packaged Foods
Q3 2025
Published: Mar 19, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for GRM.DE

Reported

Report Date

Mar 19, 2025

Quarter Q3 2025

Revenue

4.84B

YoY: -0.1%

EPS

1.12

YoY: +10.7%

Market Move

-0.93%

Previous quarter: Q2 2025

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Earnings Highlights

  • Revenue of $4.84B down 0.1% year-over-year
  • EPS of $1.12 increased by 10.7% from previous year
  • Gross margin of 33.9%
  • Net income of 625.60M
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GRM.DE
Company GRM.DE

Executive Summary

General Mills (GRM.DE) delivered Q3 2025 results with revenue of $4.842 billion, flat year over year (YoY) at -0.12% and a sequential decline of -7.59% (QoQ). Gross profit registered $1.639 billion, translating to a gross margin of 33.85% (0.3385), down 2.99% YoY and 15.12% QoQ, signaling ongoing input cost pressure and mix effects. Operating income stood at $891.4 million, an increase of 7.20% YoY but down 17.30% QoQ, with operating margin around 18.41%. Net income was $625.6 million, up 7.88% YoY but down 21.38% QoQ, and trailing earnings per share (EPS, diluted) of $1.12, up 10.68% YoY but down 20.28% QoQ. The company generated robust operating cash flow of $531.9 million and free cash flow of $428.0 million, supported by capex of $103.9 million and dividends paid of $332.6 million, alongside modest share repurchases ($301.5 million) in the period. Balance sheet metrics show total assets of $32.706 billion, total debt of $14.187 billion and net debt of $13.666 billion, with cash and cash equivalents of $521.3 million. Liquidity remains modest (current ratio 0.667; quick ratio 0.437) and leverage is meaningful (debt-to-capitalization ~60.5%, debt-to-equity ~1.532). The payout ratio is approximately 53.2%, and the dividend yield is around 0.98%. Peer context suggests General Mills under a margin-lighting positioning relative to some large packaged foods peers, with higher gross margins observed at certain competitors, while cash generation remains a clear strength. Going forward, the company will likely rely on price/mix, productivity, and disciplined capital allocation to maintain cash flow and deleveraging while navigating input-cost volatility and competitive dynamics.

Key Performance Indicators

Revenue
Decreasing
4.84B
QoQ: -7.59% | YoY: -0.12%
Gross Profit
Decreasing
1.64B
33.85% margin
QoQ: -15.12% | YoY: -2.99%
Operating Income
Increasing
891.40M
QoQ: -17.30% | YoY: 7.20%
Net Income
Increasing
625.60M
QoQ: -21.38% | YoY: 7.88%
EPS
Increasing
1.14
QoQ: -20.28% | YoY: 10.68%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 4,517.50 2.22 -6.8% View
Q3 2025 4,842.20 1.12 -0.1% View
Q2 2025 5,240.10 1.42 +11.2% View
Q1 2025 4,848.10 1.03 -4.9% View
Q2 2024 5,240.10 1.42 +2.8% View