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General Mills vs Ingredion: GIS and INGR compared
General Mills is the larger company: $4.4B of revenue in its latest quarter (Q1 FY27) against $1.8B for Ingredion (Q3 2026). Ingredion is growing faster (-1% against -3% a year earlier). General Mills is more profitable, with an operating margin of 14.4% against 11.2%.
Where the money goes: GIS and INGR
General Mills (GIS) · Q1 FY27
General Mills, Q1 FY27: revenue $4.4B (-3% year over year), operating margin 14.4%, net earnings $398M, operating cash flow $298M. The chart follows the revenue to costs, profit and cash.
Ingredion (INGR) · Q3 2026
Ingredion, Q3 2026: revenue $1.8B (-1% year over year), operating margin 11.2%, net earnings $142M, operating cash flow $266M. The chart follows the revenue to costs, profit and cash.
| General Mills (GIS) | Ingredion (INGR) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $4.4B | $1.8B |
| Revenue growth, Y/Y | -3% | -1% |
| Gross margin | — | 22.3% |
| Operating margin | 14.4% | 11.2% |
| Net earnings | $398M | $142M |
| Net margin | 9.1% | 7.9% |
| Operating cash flow | $298M | $266M |
| Free cash flow | $207M | $163M |
| Market value | $19.6B | $5.8B |
| P/E | — | 10.3× |
| Analysts’ mean target | $36.88 | $119.50 |
Where the revenue comes from
General Mills
- Snacks: $1.0B (24%)
- Cereal: $756M (17%)
- Pet: $651M (15%)
- Convenient meals: $647M (15%)
Questions
Which is bigger, General Mills or Ingredion?
General Mills is the larger company: $4.4B of revenue in its latest quarter (Q1 FY27) against $1.8B for Ingredion (Q3 2026).
Is General Mills or Ingredion growing faster?
Ingredion is growing faster (-1% against -3% a year earlier).
Which is more profitable, General Mills or Ingredion?
General Mills is more profitable, with an operating margin of 14.4% against 11.2%.
More: General Mills earnings · how General Mills makes money · Ingredion earnings · how Ingredion makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 23, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.