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

General Mills brought in $18.4B of revenue in fiscal 2026, Ingredion $7.2B in fiscal 2025. Revenue changed by -5.4% at General Mills and -2.8% at Ingredion on the year before, so Ingredion grew faster. General Mills kept -0.5% of its revenue as net profit, Ingredion 10.1%. Free cash flow was $1.6B at General Mills and $511M at Ingredion.

Side by side, latest fiscal year

GISINGR
Fiscal year endedFY2026 (May 31, 2026)FY2025 (December 31, 2025)
Revenue$18.4B$7.2B
Revenue growth-5.4%-2.8%
Net income-$87.6M$729M
Net margin-0.5%10.1%
Free cash flow$1.6B$511M
Free cash flow margin8.8%7.1%
Earnings per share (diluted)-$0.16$11.18
Cash$453.8M$1B
Debt$13.5B$1.7B
Price to earningsn/a8.7
Market value$18B$6.1B
Dividend yield7.25%n/a
Rank by revenue in sector#14 of 93 · Consumer staples#31 of 93 · Consumer staples

Over the years

Revenue
GIS FY2019: $16.9BGIS FY2020: $17.6BGIS FY2021: $18.1BGIS FY2022: $19BGIS FY2023: $20.1BGIS FY2024: $19.9BGIS FY2025: $19.5BGIS FY2026: $18.4BINGR FY2018: $6.3BINGR FY2019: $6.2BINGR FY2020: $6BINGR FY2021: $6.9BINGR FY2022: $7.9BINGR FY2023: $8.2BINGR FY2024: $7.4BINGR FY2025: $7.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
GIS $18.4BINGR $7.2B
Net income
GIS FY2019: $1.8BGIS FY2020: $2.2BGIS FY2021: $2.3BGIS FY2022: $2.7BGIS FY2023: $2.6BGIS FY2024: $2.5BGIS FY2025: $2.3BGIS FY2026: -$87.6MINGR FY2018: $443MINGR FY2019: $413MINGR FY2020: $348MINGR FY2021: $117MINGR FY2022: $492MINGR FY2023: $643MINGR FY2024: $647MINGR FY2025: $729MFY18FY19FY20FY21FY22FY23FY24FY25FY26
GIS -$87.6MINGR $729M
Net margin
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%INGR FY2018: 7.0%INGR FY2019: 6.7%INGR FY2020: 5.8%INGR FY2021: 1.7%INGR FY2022: 6.2%INGR FY2023: 7.9%INGR FY2024: 8.7%INGR FY2025: 10.1%FY18FY19FY20FY21FY22FY23FY24FY25FY26
GIS -0.5%INGR 10.1%
Revenue growth
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%INGR FY2019: -1.3%INGR FY2020: -3.6%INGR FY2021: +15.1%INGR FY2022: +15.3%INGR FY2023: +2.7%INGR FY2024: -8.9%INGR FY2025: -2.8%FY19FY20FY21FY22FY23FY24FY25FY26
GIS -5.4%INGR -2.8%
Free cash flow
GIS FY2019: $2.3BGIS FY2020: $3.2BGIS FY2021: $2.5BGIS FY2022: $2.7BGIS FY2023: $2.1BGIS FY2024: $2.5BGIS FY2025: $2.3BGIS FY2026: $1.6BINGR FY2018: $353MINGR FY2019: $352MINGR FY2020: $489MINGR FY2021: $92MINGR FY2022: -$148MINGR FY2023: $743MINGR FY2024: $1.1BINGR FY2025: $511MFY18FY19FY20FY21FY22FY23FY24FY25FY26
GIS $1.6BINGR $511M

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

Questions about General Mills and Ingredion

Which is bigger by revenue, General Mills or Ingredion?

General Mills is bigger by revenue: $18.4B in fiscal 2026, against $7.2B for Ingredion in fiscal 2025.

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

General Mills had a net margin of -0.5% in fiscal 2026; Ingredion had 10.1% in fiscal 2025.

Which grew revenue faster, General Mills or Ingredion?

In their latest fiscal years revenue changed by -5.4% at General Mills and -2.8% at Ingredion.

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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