HRL · Hormel Foods Corp · Financials

$21.06 -0.30 (-1.40%) At close · Oct 23

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$11.59B

550.35M

Volume · Oct 23 3.28M Avg daily vol (3M) 4.99M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Pull these statements through the financial statements API or MCP →

Revenue

$12.11B +1.6%

FY2025

Net Income

$478.2M -40.6%

FY2025

Gross Margin

15.63% -1.3pp

FY2025

Operating Margin

5.94% -3pp

FY2025

Diluted EPS

$0.87 -40.8%

FY2025

Operating Cash Flow

$845.25M -33.3%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2026 (G)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Revenue	-1.0%	+4.7%	+2.7%	$12.1B – $12.2B	$12.15B	$12.11B	$11.92B^G	$12.11B^G	$12.46B^G	$11.39B^G	$9.61B^G	$9.5B	$9.55B	$9.17B	$9.52B	$9.26B	$9.32B	$8.75B	$8.23B	$7.9B	$7.22B	$6.53B	$6.75B
Cost of Revenue	-0.3%	+5.6%	+3.2%	—	$10.24B	$10.21B	$9.9B	$10.11B	$10.29B	$9.46B	$7.78B	$7.61B	$7.57B	$7.17B	$7.37B	$7.46B	$7.75B	$7.34B	$6.9B	$6.56B	$5.98B	$5.43B	$5.69B
Gross Profit	-4.4%	+0.7%	+0.5%	—	$1.9B	$1.89B	$2.02B	$2B	$2.16B	$1.93B	$1.83B	$1.88B	$1.98B	$2B	$2.16B	$1.81B	$1.56B	$1.41B	$1.33B	$1.33B	$1.24B	$1.1B	$1.06B
Gross Margin	—	—	—	—	—	15.63%	16.96%	16.51%	17.37%	16.93%	19%	19.84%	20.74%	21.78%	22.66%	19.52%	16.8%	16.14%	16.18%	16.9%	17.16%	16.82%	15.72%
Research & Development	+0.5%	+2.0%	+1.0%	—	—	$35.2M	$36.1M	$33.7M	$34.7M	$33.6M	$31.9M	$32.5M	$33.8M	$34.2M	$34.7M	$32M	$29.9M	$29.9M	$29.8M	$29.4M	$27.6M	$25.4M	—
Selling, General & Administrative	+4.3%	+5.5%	+3.0%	—	$1.11B	$996.62M	$1.01B	$942.17M	$879.27M	$853.07M	$761.32M	$727.58M	$841.21M	$759.3M	$871.97M	$743.61M	$650.95M	$627.34M	$605.87M	$618.59M	$605.29M	$567.09M	$552.5M
Amortization of Intangibles	-8.3%	+0.8%	+6.2%	—	$12.74M	$14.85M	$16.37M	$18.39M	$19.27M	$17.52M	$14.25M	$11.59M	$12.65M	$8.4M	$8.39M	$8.14M	$9.35M	$9.48M	$8.98M	$9.48M	$10.53M	$10.36M	$11.55M
Depreciation & Amortization	+3.8%	+5.1%	+7.1%	—	$271.72M	$263.9M	$257.76M	$253.31M	$235.89M	$209.31M	$205.78M	$165.21M	$161.86M	$130.98M	$131.97M	$133.43M	$130.04M	$124.85M	$119.49M	$124.17M	$125.59M	$127.14M	—
Restructuring Charges	—	—	—	—	$21.8M	$13.29M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Operating Income	-18.2%	-8.2%	-3.9%	—	$573.89M	$718.6M	$1.07B	$1.07B	$1.31B	$1.12B	$1.1B	$1.2B	$1.18B	$1.28B	$1.32B	$1.07B	$931.62M	$805.99M	$781.19M	—	—	—	—
Operating Margin	—	—	—	—	—	5.94%	8.96%	8.85%	10.54%	9.86%	11.45%	12.6%	12.36%	13.93%	13.9%	11.52%	10%	9.21%	9.49%	—	—	—	—
EBITDA	-14.1%	-5.5%	-2.0%	—	$845.61M	$982.5M	$1.33B	$1.33B	$1.55B	$1.33B	$1.31B	$1.36B	$1.34B	$1.41B	$1.46B	$1.2B	$1.06B	$930.84M	$900.69M	—	—	—	—
Interest Expense	+7.7%	+29.9%	+19.5%	—	$78.78M	$78.04M	$80.89M	$73.4M	$62.52M	$43.31M	$21.07M	$18.07M	$26.49M	$12.68M	$12.87M	$13.11M	$12.7M	$12.45M	$12.86M	$22.66M	$26.59M	$28M	$28.02M
Other Non-Operating Income	—	—	+55.0%	—	$362.55M	$235.52M	$215.3M	$214.48M	-$99.3M	-$112.84M	-$52.31M	$31.52M	$27.82M	$14.59M	$6.19M	$2.93M	$3.24M	$4.97M	$6.52M	-$786K	$4.57M	$19.56M	-$28.1M
Equity in Earnings of Unconsolidated Entities	—	—	—	—	-$152.51M	-$105.84M	$51.09M	$42.75M	$27.19M	$47.76M	$35.57M	$39.2M	$58.97M	$39.59M	$38.69M	$23.89M	$17.59M	$20.51M	$38.69M	$26.76M	$13.13M	$4.79M	$7.37M
Pretax Income	-19.6%	-9.9%	-4.6%	—	$521.91M	$663.45M	$1.04B	$1.01B	$1.28B	$1.13B	$1.11B	$1.21B	$1.18B	$1.28B	$1.32B	$1.06B	$922.15M	$798.51M	$758.34M	$718.84M	$624.55M	$528.15M	—
Income Tax	-12.6%	-2.1%	-6.7%	—	$179.44M	$185.68M	$230.8M	$220.55M	$277.88M	$217.03M	$206.39M	$230.57M	$168.7M	$431.54M	$426.7M	$369.88M	$316.13M	$268.43M	$253.37M	$239.64M	$224.78M	$182.17M	$172.04M
Net Income	-21.8%	-12.0%	-3.5%	—	$342.71M	$478.2M	$805.04M	$793.57M	$999.99M	$908.84M	$908.08M	$978.81M	$1.01B	$846.74M	$890.05M	$686.09M	$602.68M	$526.21M	$500.05M	$474.2M	$395.59M	$342.81M	$285.5M
Net Margin	—	—	—	—	—	3.95%	6.75%	6.55%	8.03%	7.98%	9.45%	10.31%	10.6%	9.24%	9.35%	7.41%	6.47%	6.01%	6.08%	6.01%	5.48%	5.25%	4.23%
Net Income Attributable to Noncontrolling Interests	—	—	—	—	-$250K	-$433K	-$407K	-$653K	$239K	$301K	$272K	$342K	$442K	$368K	$465K	$1.18M	$3.35M	$3.87M	$4.91M	$5M	$4.19M	$3.17M	$3.14M
Net Income Available to Common Stockholders	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$474.2M	$395.59M	$342.81M	—
Comprehensive Income	-21.3%	-11.4%	-2.9%	—	$380.81M	$497.88M	$813.96M	$776.88M	$1.02B	$1.03B	$912.33M	$876.6M	$1.02B	$894.96M	$819.42M	$667.73M	$544.19M	$700.57M	$351.96M	$474.62M	$423.29M	$254.94M	$277.26M
EPS (Basic) USD/shares	-22.1%	-12.4%	-3.9%	—	$0.63	$0.87	$1.47	$1.45	$1.84	$1.68	$1.69	$1.83	$1.91	$1.60	$1.68	$1.30	$1.14	$1.99	$1.90	$1.78	$1.48	$1.28	$2.11
EPS (Diluted) USD/shares	-21.8%	-12.1%	-3.7%	$1.06 – $1.12	$0.63	$0.87^G	$1.47^G	$1.45^G	$1.82^G	$1.66^G	$1.66^G	$1.80	$1.86	$1.57	$1.64	$1.27	$1.12	$1.95	$1.86	$1.74	$1.46	$1.27	$2.08
Shares Outstanding (Basic Avg) shares	+0.3%	+0.4%	+0.4%	—	—	550.16M	548.13M	546.42M	544.92M	541.11M	538.01M	534.58M	530.74M	528.36M	529.29M	528.14M	527.62M	264.32M	263.47M	266.39M	266.73M	268.45M	135.36M
Shares Outstanding (Diluted Avg) shares	+0.1%	+0.1%	+0.2%	—	—	550.5M	548.83M	548.98M	549.57M	547.58M	546.59M	545.23M	543.87M	539.12M	542.47M	541M	540.43M	270.22M	268.89M	271.92M	270.7M	270.98M	137.13M

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $994.39M in buybacks, $6.09B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balance	As of	Amount	Source
Finance lease liabilities	2026-07-26	USD 20,129,000	10-Q filed 2026-08-27
Long-term debt and lease obligations, including current maturities	2026-07-26	USD 2,855,123,000	10-Q filed 2026-08-27
Related accounting measures — not additional borrowing Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year. Current portion of long-term debt USD 505,634,000 Noncurrent debt carrying amount USD 2,349,489,000 Noncurrent long-term debt and lease obligations USD 2,349,489,000 Noncurrent other long-term debt USD 847,000

Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

2 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

1.12×

Peer median 1.63×

EV/EBIT

23.66×

Peer median 14.34×

P/E (TTM)

33.43×

Peer median 14.94×

Peer medians compare against the 20 similar-size Packaged Foods companies (of 75 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Retail Segment	$7,455,218,000	$7,374,149,000	$7,749,039,000	$7,987,598,000	$7,418,079,000	—	—	—
Foodservice Segment	$3,941,795,000	$3,845,118,000	$3,639,492,000	$3,691,408,000	$3,130,174,000	—	—	—
International Segment	$709,146,000	$701,529,000	$721,479,000	$779,799,000	$837,936,000	—	—	—
Grocery Products	—	—	—	—	—	$2,385,291,000	$2,369,317,000	$2,480,367,000
Jennie O Turkey Store	—	—	—	—	—	$1,333,459,000	$1,323,783,000	$1,331,013,000
Refrigerated Foods	—	—	—	—	—	$5,271,061,000	$5,210,741,000	$5,109,881,000
All Other Segments	—	—	—	—	—	$618,650,000	$593,476,000	$624,439,000

By Geography (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
United States	$11,437,051,000	$11,283,978,000	$11,515,094,000	$11,776,883,000	$10,653,088,000	$9,006,007,000	$8,934,911,000	$8,957,305,000
Non Us	$669,109,000	$636,819,000	$594,915,000	$681,923,000	$733,101,000	$602,454,000	$562,406,000	$588,395,000

By Product & Service (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Perishable Meat	$8,823,022,000	$8,548,802,000	$8,511,795,000	$8,737,486,000	$8,437,851,000	$5,328,738,000	$5,370,409,000	$5,336,046,000
Shelf Stable	$3,283,138,000	$3,371,995,000	$3,598,215,000	$3,721,320,000	$2,948,338,000	$2,092,551,000	$1,829,138,000	$1,765,955,000
Other Products	—	—	—	—	—	$300,806,000	$448,476,000	$601,379,000
Poultry	—	—	—	—	—	$1,886,367,000	$1,849,294,000	$1,842,320,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Foodservice Segment	$596,292,000	$595,682,000	$547,686,000	$431,992,000	—	—	—
Retail Segment	$562,768,000	$577,690,000	$721,832,000	$690,127,000	—	—	—
International Segment	$92,084,000	$55,234,000	$107,642,000	$116,585,000	—	—	—
Grocery Products	—	—	$367,642,000	$382,197,000	$358,008,000	$339,497,000	$353,266,000
Jennie O Turkey Store	—	—	$218,860,000	$76,006,000	$105,585,000	$117,962,000	$131,846,000
Refrigerated Foods	—	—	$685,394,000	$664,558,000	$609,406,000	$681,763,000	$670,948,000
All Other Segments	—	—	$105,264,000	$115,943,000	$93,782,000	$75,513,000	$88,953,000

Operating Margin by Segment (%)

Component	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Retail Segment	7.6%	7.5%	9%	9.3%	—	—	—
Foodservice Segment	15.5%	16.4%	14.8%	13.8%	—	—	—
International Segment	13.1%	7.7%	13.8%	13.9%	—	—	—
Grocery Products	—	—	—	—	15%	14.3%	14.2%
Jennie O Turkey Store	—	—	—	—	7.9%	8.9%	9.9%
Refrigerated Foods	—	—	—	—	11.6%	13.1%	13.1%
All Other Segments	—	—	—	—	15.2%	12.7%	14.2%

Key facts CIK 48465 CUSIP 440452100 13F (30d) 121 filings 113 filers Visit website Investor relations