General Net Income from 2010 to 2024

GIS Stock  USD 69.09  0.58  0.85%   
General Mills Net Income yearly trend continues to be comparatively stable with very little volatility. Net Income is likely to outpace its year average in 2024. From the period from 2010 to 2024, General Mills Net Income quarterly data regression had r-value of  0.88 and coefficient of variation of  36.75. View All Fundamentals
 
Net Income  
First Reported
1989-05-31
Previous Quarter
595.5 M
Current Value
670.1 M
Quarterly Volatility
194 M
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check General Mills financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among General main balance sheet or income statement drivers, such as Depreciation And Amortization of 403.2 M, Interest Expense of 478.3 M or Selling General Administrative of 2.8 B, as well as many exotic indicators such as Price To Sales Ratio of 1.22, Dividend Yield of 0.0345 or PTB Ratio of 4.56. General financial statements analysis is a perfect complement when working with General Mills Valuation or Volatility modules.
  
This module can also supplement General Mills' financial leverage analysis and stock options assessment as well as various General Mills Technical models . Check out the analysis of General Mills Correlation against competitors.
For more information on how to buy General Stock please use our How to Invest in General Mills guide.

Latest General Mills' Net Income Growth Pattern

Below is the plot of the Net Income of General Mills over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in General Mills financial statement analysis. It represents the amount of money remaining after all of General Mills operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is General Mills' Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in General Mills' overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 2.61 B10 Years Trend
Slightly volatile
   Net Income   
       Timeline  

General Net Income Regression Statistics

Arithmetic Mean1,991,807,950
Geometric Mean1,771,529,344
Coefficient Of Variation36.75
Mean Deviation550,088,480
Median1,855,200,000
Standard Deviation732,078,962
Sample Variance535939.6T
Range2.9B
R-Value0.88
Mean Square Error128071.7T
R-Squared0.78
Significance0.000014
Slope144,398,035
Total Sum of Squares7503154.5T

General Net Income History

20243.1 B
2023B
20222.6 B
20212.7 B
20202.3 B
20192.2 B
20181.8 B

Other Fundumenentals of General Mills

General Mills Net Income component correlations

About General Mills Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include General Mills income statement, its balance sheet, and the statement of cash flows. General Mills investors use historical funamental indicators, such as General Mills's Net Income, to determine how well the company is positioned to perform in the future. Although General Mills investors may use each financial statement separately, they are all related. The changes in General Mills's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on General Mills's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on General Mills Financial Statements. Understanding these patterns can help to make the right decision on long term investment in General Mills. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Net IncomeB3.2 B
Net Income Applicable To Common SharesB1.7 B
Net Income From Continuing Ops2.9 B2.1 B
Net Income Per Share 3.59  3.77 
Net Income Per E B T 0.84  0.54 

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When determining whether General Mills is a strong investment it is important to analyze General Mills' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact General Mills' future performance. For an informed investment choice regarding General Stock, refer to the following important reports:
Check out the analysis of General Mills Correlation against competitors.
For more information on how to buy General Stock please use our How to Invest in General Mills guide.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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Is General Mills' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of General Mills. If investors know General will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about General Mills listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.272
Dividend Share
2.31
Earnings Share
4.36
Revenue Per Share
34.686
Quarterly Revenue Growth
(0.01)
The market value of General Mills is measured differently than its book value, which is the value of General that is recorded on the company's balance sheet. Investors also form their own opinion of General Mills' value that differs from its market value or its book value, called intrinsic value, which is General Mills' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because General Mills' market value can be influenced by many factors that don't directly affect General Mills' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between General Mills' value and its price as these two are different measures arrived at by different means. Investors typically determine if General Mills is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, General Mills' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.