General Mills vs Kraft Heinz
Kraft Heinz is the larger business, with $24.94bn of revenue in fiscal 2025 against $18.42bn for General Mills (1.4 times as much). Kraft Heinz grew faster (-3.5% against -5.4%). General Mills kept more of each dollar of sales as profit: a net margin of -0.5% against -23.4%. Kraft Heinz carries less debt relative to equity (50.9% against 183.7%).
| Latest fiscal year | General MillsGIS, 2026 | Kraft HeinzKHC, 2025 |
|---|---|---|
| Revenue | $18.42bn | $24.94bn |
| Revenue growth | -5.4% | -3.5% |
| Net income | −$87.6m | −$5.85bn |
| Operating margin | 4.8% | -18.7% |
| Net margin | -0.5% | -23.4% |
| Return on equity | -1.1% | -12.9% |
| Free cash flow | $1.63bn | $3.66bn |
| Cash | $454m | $2.62bn |
| Total debt | $13.54bn | $21.22bn |
| Debt to equity | 183.7% | 50.9% |
| Dividend per share | $2.44 | $1.60 |
| Dividend yield | 7.0% | 6.4% |
| Share buybacks | $500m | $436m |
| Employees | 30,000 | 35,000 |
| Market value | $18.24bn | $29.01bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 66 (Moderate) | 48 (Moderate) |
| Insider trades, 12 months | 0 buys, 5 sales | 1 buys, 5 sales |