Company / Income Tax
General Mills Income Tax History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$573.7M
FY2024
5-year range
$573.7M / $612.2M
FY2020-FY2024
Trend
-3.5%
vs FY2023
Sector context
#13 of 78
Consumer Staples
What the data says
General Mills's income tax of $574M is higher than 83% of companies in the Consumer Staples sector (FY2024). Income Tax has fluctuated over the past 9 years, ranging from $57M in FY2017 to $655M in FY2016.
Based on SEC 10-K filings.
$574M in FY2024 with a 5-year CAGR of +3.6%. Top quartile in the Consumer Staples sector.
Improved from $612M to $574M over the past 2 years.
Consumer Staples sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- -0.7%
- 5-Year CAGR
- +3.6%
- 10-Year CAGR
- -
Sector benchmark
Bottom 17% in Consumer StaplesTop 83% of 78This company $573.7M Sector average $362.0M
▼
+58.5% above sector average
Key checks
Key Insights
- 5-year CAGR of +3.6%, indicating consistent growth.
- In FY2024, income tax decreased 3.5% year-over-year.
- Ranks #13 out of 78 companies in the Consumer Staples sector.
- Peak income tax was recorded in FY2016.
Company context
Key Data Points
- Altman Z-Score 0.81 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $573.7M | -3.5% |
| FY2023 | $594.5M | -2.9% |
| FY2022 | $612.2M | +4.4% |
| FY2021 | $586.3M | -6.8% |
| FY2020 | $629.1M | +30.9% |
| FY2019 | $480.5M | +30.6% |
| FY2018 | $367.8M | +541.9% |
| FY2017 | $57.3M | -91.3% |
| FY2016 | $655.2M | -13.2% |
As of FY2024 · SEC 10-K · Updated Mar 8, 2026