GIS vs. PEP: General Mills vs. PepsiCo Stock Comparison

November 11, 2026

How do General Mills (GIS) and PepsiCo (PEP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

General Mills (GIS) and PepsiCo (PEP) both fall under the Food, Beverage & Tobacco industry group, but GIS is classified in Food Products while PEP is classified in Beverages.

Company profile comparison for General Mills (GIS) and PepsiCo (PEP)
Profile Item	GIS	PEP
Name	General Mills Inc.	PepsiCo, Inc.
Country/Region	United States	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Food Products	Beverages
GICS Sub-Industry	Packaged Foods & Meats	Soft Drinks & Non-alcoholic Beverages
Market Capitalization	18.99 billion USD	192.61 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 17, 1980	June 1, 1972
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

GIS

PEP

GSPC

General Mills (GIS) vs. PepsiCo (PEP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for General Mills (GIS) and PepsiCo (PEP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for General Mills (GIS) and PepsiCo (PEP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for General Mills (GIS) and PepsiCo (PEP)
Metric	GIS	PEP
Total Return (1Y)	-20.22%	4.03%
Total Return (3Y, Annualized)	-14.80%	-1.40%
Total Return (5Y, Annualized)	-7.41%	0.55%

Risk Profile

Drawdown History

GIS

PEP

GSPC

General Mills (GIS) vs. PepsiCo (PEP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for General Mills (GIS) and PepsiCo (PEP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

General Mills (GIS) reports a negative beta of -0.01, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. PepsiCo (PEP) has a non-negative beta of 0.30.

Risk profile metrics for General Mills (GIS) and PepsiCo (PEP)
Metric	GIS	PEP
Volatility (1Y, Annualized)	30.85%	21.68%
Beta (5Y)	-0.01	0.30
Max Drawdown (5Y)	-59.63%	-30.32%
Avg. Volume (3M)	9.41M	8.86M

Risk-Adjusted Performance

Risk-Return Positioning

GIS and PEP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for General Mills (GIS) and PepsiCo (PEP)
Metric	GIS	PEP
Sharpe Ratio (1Y)	-0.79	-0.01
Sortino Ratio (1Y)	-1.14	-0.02

Profitability

ROE (TTM)

General Mills (GIS) reports a negative ROE of -10.50%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile PepsiCo (PEP) reports 52.19%, ranking against industry peers normally.

GIS

Food, Beverage & Tobacco industry group

-10.50%

Max: 32.02%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
GIS: -10.50%
Min: -10.50%

PEP

Food, Beverage & Tobacco industry group

52.19%

PEP: 52.19%
Max: 32.02%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

General Mills (GIS) vs. PepsiCo (PEP): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

General Mills (GIS) reports a negative net margin of -4.89%, usually indicating a net loss over the period. Meanwhile PepsiCo (PEP) reports 11.09%, ranking against industry peers normally.

GIS

Food, Beverage & Tobacco industry group

-4.89%

Max: 24.83%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
GIS: -4.89%
Min: -11.49%

PEP

Food, Beverage & Tobacco industry group

11.09%

Max: 24.83%
Q3: 11.22%
PEP: 11.09%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

General Mills (GIS) vs. PepsiCo (PEP): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Both General Mills (GIS) at 15.24% and PepsiCo (PEP) at 16.88% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

GIS

Food, Beverage & Tobacco industry group

15.24%

Max: 34.91%
Q3: 17.57%
GIS: 15.24%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

PEP

Food, Beverage & Tobacco industry group

16.88%

Max: 34.91%
Q3: 17.57%
PEP: 16.88%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

General Mills (GIS) vs. PepsiCo (PEP): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for General Mills (GIS) and PepsiCo (PEP)
Metric	GIS	PEP
ROE (TTM)	-10.50%	52.19%
ROA (TTM)	5.65%	9.02%
Net Margin (TTM)	-4.89%	11.09%
Operating Margin (TTM)	15.24%	16.88%
Gross Margin (TTM)	33.73%	54.33%

Growth

Revenue Growth

PepsiCo (PEP) at 2.25% is around its peer norm for revenue growth, while General Mills (GIS) at -5.45% drops into the bottom quartile, signaling weaker demand or pricing momentum.

General Mills (GIS) vs. PepsiCo (PEP): A comparison of their Revenue Growth across different time periods.

EPS Growth

PepsiCo (PEP) at -13.67% is around its peer norm for EPS growth, while General Mills (GIS) at -103.90% drops into the bottom quartile, signaling weaker earnings momentum.

General Mills (GIS) vs. PepsiCo (PEP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for General Mills (GIS) and PepsiCo (PEP)
Metric	GIS	PEP
Revenue Growth (YoY)	-5.45%	2.25%
Revenue Growth (3Y CAGR)	-2.85%	2.83%
EPS Growth (YoY)	-103.90%	-13.67%
EPS Growth (3Y CAGR)	--	-2.23%

Financial Strength

Current Ratio (MRQ)

Both General Mills (GIS) at 0.70 and PepsiCo (PEP) at 0.94 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

GIS

Food, Beverage & Tobacco industry group

0.70

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
GIS: 0.70
Min: 0.33

PEP

Food, Beverage & Tobacco industry group

0.94

Max: 4.01
Q3: 2.35
Median: 1.53
Q1: 1.02
PEP: 0.94
Min: 0.33

General Mills (GIS) vs. PepsiCo (PEP): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but PEP is more stretched: General Mills (GIS) at 1.82 sits in the higher-leverage quartile and PepsiCo (PEP) at 2.31 is above its industry benchmark range.

GIS

Food, Beverage & Tobacco industry group

1.82

Max: 2.19
GIS: 1.82
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00

PEP

Food, Beverage & Tobacco industry group

2.31

PEP: 2.31
Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
Min: 0.00

General Mills (GIS) vs. PepsiCo (PEP): A comparison of their debt-to-equity ratio against the Food, Beverage & Tobacco industry group benchmark.

Financial Strength Metrics

Financial strength metrics for General Mills (GIS) and PepsiCo (PEP)
Metric	GIS	PEP
Current Ratio (MRQ)	0.70	0.94
Debt / Equity (MRQ)	1.82	2.31
Net Debt / EBITDA	3.86	2.12

Dividends

Dividend Yield (TTM)

Both General Mills (GIS) at 6.69% and PepsiCo (PEP) at 4.07% offer top-quartile dividend income relative to share price within their industries.

GIS

Food, Beverage & Tobacco industry group

6.69%

Max: 9.38%
GIS: 6.69%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

PEP

Food, Beverage & Tobacco industry group

4.07%

Max: 9.38%
PEP: 4.07%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

General Mills (GIS) vs. PepsiCo (PEP): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Both General Mills (GIS) at 59.41% and PepsiCo (PEP) at 73.02% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

GIS

Food, Beverage & Tobacco industry group

59.41%

Max: 199.19%
Q3: 81.03%
GIS: 59.41%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

PEP

Food, Beverage & Tobacco industry group

73.02%

Max: 199.19%
Q3: 81.03%
PEP: 73.02%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

General Mills (GIS) vs. PepsiCo (PEP): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for General Mills (GIS) and PepsiCo (PEP)
Metric	GIS	PEP
Dividend Yield (TTM)	6.69%	4.07%
Dividend Payout Ratio (TTM)	59.41%	73.02%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: PepsiCo (PEP) trades at 17.78 times trailing earnings, ranked against its peers, while General Mills (GIS) has no P/E ratio this period.

GIS

Food, Beverage & Tobacco industry group

Max: 52.52
Q3: 30.78
Median: 18.76
Q1: 12.77
Min: 4.72
GIS: --

PEP

Food, Beverage & Tobacco industry group

17.78

Max: 52.52
Q3: 30.78
Median: 18.76
PEP: 17.78
Q1: 12.77
Min: 4.72

General Mills (GIS) vs. PepsiCo (PEP): GIS does not report P/E ratio, so it has no value marker; PEP is benchmarked against the Food, Beverage & Tobacco industry group.

P/S Ratio (TTM)

On P/S ratio, both General Mills (GIS) at 1.04 and PepsiCo (PEP) at 1.96 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

GIS

Food, Beverage & Tobacco industry group

1.04

Max: 4.64
Q3: 2.27
Median: 1.17
GIS: 1.04
Q1: 0.52
Min: 0.00

PEP

Food, Beverage & Tobacco industry group

1.96

Max: 4.64
Q3: 2.27
PEP: 1.96
Median: 1.17
Q1: 0.52
Min: 0.00

General Mills (GIS) vs. PepsiCo (PEP): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

General Mills (GIS) at 2.55 sits near its industry’s typical P/B ratio, while PepsiCo (PEP) at 8.65 prices above its benchmark range — PEP looks rich relative to book.

GIS

Food, Beverage & Tobacco industry group

2.55

Max: 6.35
Q3: 3.07
GIS: 2.55
Median: 1.58
Q1: 0.82
Min: 0.00

PEP

Food, Beverage & Tobacco industry group

8.65

PEP: 8.65
Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

General Mills (GIS) vs. PepsiCo (PEP): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for General Mills (GIS) and PepsiCo (PEP)
Metric	GIS	PEP
P/E Ratio (TTM)	--	17.78
P/S Ratio (TTM)	1.04	1.96
P/B Ratio (MRQ)	2.55	8.65
Free Cash Flow Yield (TTM)	6.86%	4.70%