General Mills vs Kraft Heinz
Kraft Heinz reported revenue of $24.9 billion in fiscal 2025, 1.4 times General Mills' $18.4 billion in fiscal 2026. General Mills' revenue fell 5.5% in its latest year, and Kraft Heinz's fell 3.5%. General Mills had an operating margin of 4.8%, against -18.7% at Kraft Heinz. Free cash flow was $1.6 billion at General Mills and $3.7 billion at Kraft Heinz. Their fiscal years end in different months (May 31 and December 27), so the periods don't line up exactly.
Side by side
| General Mills | Kraft Heinz | |
|---|---|---|
| Latest fiscal year | FY2026, May 31, 2026 | FY2025, Dec 27, 2025 |
| Revenue | $18.4B | $24.9B |
| Revenue growth | −5.5% | −3.5% |
| Revenue growth a year, last 5 years | 0.3% | −1.0% |
| Gross margin | 33.6% | 33.3% |
| Operating margin | 4.8% | −18.7% |
| Net margin | −0.5% | −23.4% |
| Free cash flow | $1.6B | $3.7B |
| Free cash flow margin | 8.8% | 14.7% |
| Return on capital | 2.0% | −5.8% |
| Net debt to EBITDA | 9.1x | — |
| Dividends and buybacks | $1.8B | $2.3B |
| Change in diluted share count | −3.5% | −2.3% |
| Last close | $33.70 | $24.73 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $1.2 million | bought $5.0 million, sold $7.0 million |
| Piotroski F-score | 5 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ 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 MillsKraft Heinz
Operating margin
Percent of revenue
General MillsKraft Heinz
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
General MillsKraft Heinz
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 Kraft Heinz pages.