General Mills vs Hormel Foods
General Mills reported revenue of $18.4 billion in fiscal 2026, 1.5 times Hormel Foods' $12.1 billion in fiscal 2025. General Mills' revenue fell 5.5% in its latest year, and Hormel Foods' grew 1.6%. General Mills had an operating margin of 4.8%, against 5.9% at Hormel Foods. Free cash flow was $1.6 billion at General Mills and $534 million at Hormel Foods. Their fiscal years end in different months (May 31 and October 26), so the periods don't line up exactly.
Side by side
| General Mills | Hormel Foods | |
|---|---|---|
| Latest fiscal year | FY2026, May 31, 2026 | FY2025, Oct 26, 2025 |
| Revenue | $18.4B | $12.1B |
| Revenue growth | −5.5% | 1.6% |
| Revenue growth a year, last 5 years | 0.3% | 4.7% |
| Gross margin | 33.6% | 15.6% |
| Operating margin | 4.8% | 5.9% |
| Net margin | −0.5% | 4.0% |
| Free cash flow | $1.6B | $534M |
| Free cash flow margin | 8.8% | 4.4% |
| Return on capital | 2.0% | 5.1% |
| Net debt to EBITDA | 9.1x | 2.2x |
| Dividends and buybacks | $1.8B | $633M |
| Change in diluted share count | −3.5% | 0.3% |
| Last close | $33.70 | $20.95 |
| P/E at the last close | — | 33.3× |
| Insider trades, last 12 months | sold $1.2 million | bought $201,000, sold $816,702 |
| Piotroski F-score | 5 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
General MillsHormel Foods
Operating margin
Percent of revenue
General MillsHormel Foods
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
General MillsHormel Foods
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the General Mills and Hormel Foods pages.