Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.
In short
How the two compare
On the latest closes (28 Oct 2026), General Mills is the larger company by market value ($17.78B against $6.68B). Over the past year Conagra Brands, Inc. returned −18.8% and General Mills −28.2%, while the S&P 500 returned +12.7%. The operating margin is 10.3% for Conagra Brands, Inc. and 14.4% for General Mills. Over the next 21 sessions the model expects −0.59% for Conagra Brands, Inc., with a 15% chance of a rise, and −0.46% for General Mills, with a 39% chance. Conagra Brands, Inc. has no published fair value today. General Mills' long-run fair value is $32.29, a gap of −2.3% to its price; the long-run model view is neutral.
Model view
What the model expects
Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.
Model readings:
MeasureConagra Brands, Inc. · CAGGeneral Mills · GIS
Expected returnnext 21 sessions
CAG−0.59%
GIS−0.46%
Chance of a risenext 21 sessions
CAG15%
GIS39%
Expected returnnext 63 sessions
CAG+0.02%
GIS−0.29%
Range of outcomes63 sessions, 80% band
CAG−22.5% to +22.6%
GIS−22.3% to +21.7%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
CAG—The model's fair value falls outside its own interval or at the gap clamp, so it is not a measurement.
GIS$32.2928 Oct 2026
Gap to pricefair value against the close
CAG—The model's fair value falls outside its own interval or at the gap clamp, so it is not a measurement.
GIS−2.3%
Past readings that matchedsign of the 21-session outcome
CAG50.9%of 269
GIS54.6%of 269
Price performance
How the prices moved
Price change over each period, with the S&P 500 (SPY) for comparison.
Closes to
MeasureConagra Brands, Inc. · CAGGeneral Mills · GIS
1 monthS&P 500: +1.1%
CAG−1.5%
GIS−2.3%
6 monthsS&P 500: +8.5%
CAG+1.4%
GIS−2.5%
Year to dateS&P 500: +13.3%
CAG−15%
GIS−25.4%
1 yearS&P 500: +12.7%
CAG−18.8%
GIS−28.2%
5 yearsS&P 500: +70.7%
CAG−46.6%
GIS−36.5%
1 year against the S&P 500percentage points
CAG−31.5 pts
GIS−40.9 pts
Position in the 52-week range0% low, 100% high
CAG21%close $13.92 in $12.39 to $19.60
GIS11%close $33.05 in $31.18 to $47.94
Against the 200-day average
CAG−7.4%
GIS−10.7%
Valuation
What the market pays
Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.
Filings: quarter to
MeasureConagra Brands, Inc. · CAGGeneral Mills · GIS
Market value
CAG$6.68B28 Oct 2026
GIS$17.78B28 Oct 2026
Enterprise valueat the last filing
CAG$13.62B30 Aug 2026
GIS$34.79B30 Aug 2026
P/Elatest filed
CAGn/mA P/E on negative earnings is not a multiple.
GISn/mA P/E on negative earnings is not a multiple.
Price to book
CAG1.21
GIS2.99
EV / EBITDA
CAG-10.41
GIS99.43
Free cash flow yield
CAG11.36%
GIS6.92%
Dividend yield
CAG8.68%
GIS5.88%
Profitability
How much of revenue becomes profit
Margins and returns on capital from the latest filing; revenue, net income and earnings per share over the trailing twelve months.
Filings: quarter to
MeasureConagra Brands, Inc. · CAGGeneral Mills · GIS
Gross margin
CAG23.8%
GIS38.5%
Operating margin
CAG10.3%
GIS14.4%
Net margin
CAG6.7%
GIS9%
Return on equity
CAG−29.8%
GIS−12%
Return on invested capital
CAG1.6%
GIS2.5%
Revenuetrailing twelve months
CAG$11.24B
GIS$18.30B
Net incometrailing twelve months
CAG—Not derived for a year of losses.
GIS—Not derived for a year of losses.
Earnings per sharetrailing twelve months
CAG—Not derived for a year of losses.
GIS—Not derived for a year of losses.
Growth
How fast the business grew
Change against the same quarter a year earlier.
Filings: quarter to
MeasureConagra Brands, Inc. · CAGGeneral Mills · GIS
Revenue growthyear over year
CAG−1.4%
GIS−2.8%
Earnings growthyear over year
CAG+6%
GIS−67%
Free cash flow growthyear over year
CAG−388.2%
GIS−27.9%
Financial health
Balance sheet and quality scores
Leverage, liquidity and two published scores: Altman Z (below 1.8 the distress zone, above 3 the safe zone) and Piotroski F (0 to 9).
Filings: quarter to
MeasureConagra Brands, Inc. · CAGGeneral Mills · GIS
Debt to equity
CAG0.98
GIS1.73
Current ratiocurrent assets over current liabilities
CAG1.10
GIS0.70
Altman Z-score
CAG0.96
GIS1.67
Piotroski F-scoreout of 9
CAG5 of 9
GIS6 of 9
Trading and risk
How the shares trade
Volatility, sensitivity to the market, the deepest fall, short interest and how closely the two move together.
Closes to ; FINRA settlement
MeasureConagra Brands, Inc. · CAGGeneral Mills · GIS
Volatility21 sessions, annualised
CAG43.3%
GIS42.6%
Betaagainst the S&P 500, 5 years
CAG0.14
GIS0.04
Deepest fallpeak to trough, 5 years
CAG−62.5%
GIS−59.6%
Market regimeour reading at each model date
CAGStrong risk-off
GISStrong risk-off
Short interestshare of the float
CAG8.2%settled 30 Sep 2026
GIS7.7%settled 30 Sep 2026
Days to covershort shares over average volume
CAG2.7
GIS3.8
Average volume3 months, shares a day
CAG11.59M
GIS9.47M
Moving togethercorrelation of daily returns, past year0.82, closely together−1 opposite0 unrelated+1 together
Questions
Conagra Brands, Inc. or General Mills: common questions
Which is larger by market value, Conagra Brands, Inc. or General Mills?
General Mills, at $17.78B against $6.68B for Conagra Brands, Inc., on the latest closes (28 Oct 2026).
How did Conagra Brands, Inc. and General Mills move over the past year against the S&P 500?
Over the past year Conagra Brands, Inc. returned −18.8% and General Mills −28.2%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.
What does the model expect for Conagra Brands, Inc. and General Mills over the next month?
−0.59% for Conagra Brands, Inc. with a 15% chance of a rise, and −0.46% for General Mills with a 39% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.
How do the operating margins of Conagra Brands, Inc. and General Mills compare?
The operating margin is 10.3% for Conagra Brands, Inc. and 14.4% for General Mills, and the gross margin 23.8% against 38.5%. Filings: quarter to 30 Aug 2026.
Do Conagra Brands, Inc. and General Mills shares move together?
Over the past year the correlation of their daily returns was 0.82 (closely together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.
In the consoleCompare up to four companies with every model readingMembers see the 63-session chance of a rise and all four horizons, side by side in Research › Compare.
Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.