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Freshpet vs General Mills: revenue, profit, margins and growth compared

Freshpet brought in $1.1B of revenue in fiscal 2025, General Mills $18.4B in fiscal 2026. Revenue changed by +13.0% at Freshpet and -5.4% at General Mills on the year before, so Freshpet grew faster. Freshpet kept 12.6% of its revenue as net profit, General Mills -0.5%. Free cash flow was $12.4M at Freshpet and $1.6B at General Mills.

Side by side, latest fiscal year

FRPTGIS
Fiscal year endedFY2025 (December 31, 2025)FY2026 (May 31, 2026)
Revenue$1.1B$18.4B
Revenue growth+13.0%-5.4%
Net income$139.1M-$87.6M
Net margin12.6%-0.5%
Free cash flow$12.4M$1.6B
Free cash flow margin1.1%8.8%
Earnings per share (diluted)$2.64-$0.16
Cash$278M$453.8M
Debtn/a$13.5B
Price to earnings21.9n/a
Market value$2.8B$18B
Dividend yieldn/a7.25%
Rank by revenue in sector#62 of 93 · Consumer staples#14 of 93 · Consumer staples

Over the years

Revenue
FRPT FY2018: $193.2MFRPT FY2019: $245.9MFRPT FY2020: $318.8MFRPT FY2021: $425.5MFRPT FY2022: $595.3MFRPT FY2023: $766.9MFRPT FY2024: $975.2MFRPT FY2025: $1.1BGIS FY2019: $16.9BGIS FY2020: $17.6BGIS FY2021: $18.1BGIS FY2022: $19BGIS FY2023: $20.1BGIS FY2024: $19.9BGIS FY2025: $19.5BGIS FY2026: $18.4BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FRPT $1.1BGIS $18.4B
Net income
FRPT FY2018: -$5.4MFRPT FY2019: -$1.4MFRPT FY2020: -$3.2MFRPT FY2021: -$29.7MFRPT FY2022: -$59.5MFRPT FY2023: -$33.6MFRPT FY2024: $46.9MFRPT FY2025: $139.1MGIS FY2019: $1.8BGIS FY2020: $2.2BGIS FY2021: $2.3BGIS FY2022: $2.7BGIS FY2023: $2.6BGIS FY2024: $2.5BGIS FY2025: $2.3BGIS FY2026: -$87.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
FRPT $139.1MGIS -$87.6M
Net margin
FRPT FY2018: -2.8%FRPT FY2019: -0.6%FRPT FY2020: -1.0%FRPT FY2021: -7.0%FRPT FY2022: -10.0%FRPT FY2023: -4.4%FRPT FY2024: 4.8%FRPT FY2025: 12.6%GIS FY2019: 10.4%GIS FY2020: 12.4%GIS FY2021: 12.9%GIS FY2022: 14.3%GIS FY2023: 12.9%GIS FY2024: 12.6%GIS FY2025: 11.8%GIS FY2026: -0.5%FY18FY19FY20FY21FY22FY23FY24FY25FY26
FRPT 12.6%GIS -0.5%
Revenue growth
FRPT FY2019: +27.2%FRPT FY2020: +29.7%FRPT FY2021: +33.5%FRPT FY2022: +39.9%FRPT FY2023: +28.8%FRPT FY2024: +27.2%FRPT FY2025: +13.0%GIS FY2020: +4.5%GIS FY2021: +2.8%GIS FY2022: +4.8%GIS FY2023: +5.8%GIS FY2024: -1.2%GIS FY2025: -1.9%GIS FY2026: -5.4%FY19FY20FY21FY22FY23FY24FY25FY26
FRPT +13.0%GIS -5.4%
Free cash flow
FRPT FY2018: $2.3MFRPT FY2019: -$54.3MFRPT FY2020: -$113.4MFRPT FY2021: -$321.5MFRPT FY2022: -$273.3MFRPT FY2023: -$163.2MFRPT FY2024: -$32.8MFRPT FY2025: $12.4MGIS FY2019: $2.3BGIS FY2020: $3.2BGIS FY2021: $2.5BGIS FY2022: $2.7BGIS FY2023: $2.1BGIS FY2024: $2.5BGIS FY2025: $2.3BGIS FY2026: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FRPT $12.4MGIS $1.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about Freshpet and General Mills

Which is bigger by revenue, Freshpet or General Mills?

General Mills is bigger by revenue: $18.4B in fiscal 2026, against $1.1B for Freshpet in fiscal 2025.

Which keeps more of its revenue as profit, Freshpet or General Mills?

Freshpet had a net margin of 12.6% in fiscal 2025; General Mills had -0.5% in fiscal 2026.

Which grew revenue faster, Freshpet or General Mills?

In their latest fiscal years revenue changed by +13.0% at Freshpet and -5.4% at General Mills.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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