Company / R&D Expense
General Mills R&D Expense History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$256.6M
FY2024
5-year range
$243.1M / $257.8M
FY2020-FY2024
Trend
-0.5%
vs FY2023
Sector context
#9 of 39
Consumer Staples
What the data says
General Mills's r&d expense of $257M is higher than 77% of companies in the Consumer Staples sector (FY2024).
Based on SEC 10-K filings.
$257M in FY2024 with a 5-year CAGR of +2.7%. Top quartile in the Consumer Staples sector.
Remained stable around $257M over the past 2 years.
Consumer Staples sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +1.8%
- 5-Year CAGR
- +2.7%
- 10-Year CAGR
- -
Sector benchmark
Top 23% in Consumer StaplesTop 23% of 39This company $256.6M Sector average $203.6M
▼
+26.0% above sector average
Key checks
Key Insights
- 5-year CAGR of +2.7%, indicating consistent growth.
- In FY2024, r&d expense decreased 0.5% year-over-year.
- Ranks #9 out of 39 companies in the Consumer Staples sector.
- Peak r&d expense was recorded in FY2023.
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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $256.6M | -0.5% |
| FY2023 | $257.8M | +0.1% |
| FY2022 | $257.6M | +6.0% |
| FY2021 | $243.1M | +1.6% |
| FY2020 | $239.3M | +6.6% |
| FY2019 | $224.4M | +1.1% |
| FY2018 | $221.9M | +1.3% |
| FY2017 | $219.1M | +0.4% |
| FY2016 | $218.2M | -1.8% |
As of FY2024 · SEC 10-K · Updated Mar 8, 2026