H 
Hormel Foods HRL · USD
Consumer Staples · Food Products · US listing · 🇺🇸 United States
S&P 500
22.26
+1.41%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$12.11bn
FY2016FY2025
Net income
$478.2m
FY2016FY2025
Free cash flow
$534.3m
FY2016FY2025
Shareholders' equity
$7.90bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.11bn | $11.92bn | $12.11bn | $12.46bn | $11.39bn | $9.61bn | $9.50bn | $9.55bn | $9.17bn | $9.52bn |
| Gross profit | $1.89bn | $2.02bn | $2.00bn | $2.16bn | $1.93bn | $1.83bn | $1.88bn | $1.98bn | $2.00bn | $2.16bn |
| Research and development | $35.2m | — | $33.7m | $34.7m | $33.6m | $31.9m | $32.5m | $33.8m | $34.2m | $34.7m |
| Operating income | $718.6m | $1.07bn | $1.07bn | $1.31bn | $1.12bn | $1.10bn | $1.20bn | $1.20bn | $1.28bn | $1.32bn |
| Net income | $478.2m | $805.0m | $793.6m | $1000.0m | $908.8m | $908.1m | $978.8m | $1.01bn | $846.7m | $890.1m |
| Diluted earnings per share | 0.87 | 1.47 | 1.45 | 1.82 | 1.66 | 1.66 | 1.80 | 1.86 | 1.57 | 1.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $13.39bn | $13.43bn | $13.45bn | $13.31bn | $12.70bn | $9.91bn | $8.11bn | $8.14bn | $6.98bn | $6.37bn |
| Cash and short-term investments | $703.6m | $766.6m | $753.2m | $998.3m | $634.7m | $1.73bn | $687.6m | $459.1m | $444.1m | $415.1m |
| Total liabilities | $5.48bn | $5.43bn | $5.71bn | $5.77bn | $5.72bn | $3.48bn | $2.18bn | $2.54bn | $2.04bn | $1.92bn |
| Debt | $2.86bn | $2.86bn | $3.31bn | $3.30bn | $3.32bn | $1.30bn | $250.0m | $624.8m | $500.0m | $1.30bn |
| Shareholders' equity | $7.90bn | $7.99bn | $7.73bn | $7.54bn | $6.97bn | $6.43bn | $5.92bn | $5.60bn | $4.94bn | $4.45bn |
| Shares outstanding | 551m | 549m | 548m | 550m | 547m | 548m | 544m | 545m | 538m | 541m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $845.3m | $1.27bn | $1.05bn | $1.13bn | $1.00bn | $1.13bn | $923.0m | $1.24bn | $1.03bn | $992.8m |
| Capital spending | −$310.9m | −$256.4m | −$270.2m | −$277.7m | −$230.2m | −$367.5m | −$256.4m | −$379.9m | −$217.3m | −$249.3m |
| Free cash flow | $534.3m | $1.01bn | $777.6m | $857.3m | $771.7m | $760.5m | $666.6m | $861.9m | $816.6m | $743.6m |
| Dividends paid | −$633.2m | −$615.0m | −$592.9m | −$557.8m | −$523.1m | −$487.4m | −$437.1m | −$388.1m | −$346.0m | −$296.5m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.96bn | $2.97bn | $3.03bn | $3.19bn | $3.03bn | $2.90bn | $2.99bn | $3.14bn |
| Gross profit | $471.5m | $518.5m | $469.6m | $450.2m | $488.3m | $487.2m | $475.4m | $521.2m |
| Operating income | $110.9m | $217.1m | $243.7m | $230.1m | $243.1m | $249.6m | $237.9m | $282.6m |
| Net income | $59.6m | $157.5m | $181.7m | −$56.1m | $183.7m | $180.0m | $170.6m | $220.2m |
| Diluted earnings per share | 0.11 | 0.29 | 0.33 | -0.10 | 0.33 | 0.33 | 0.31 | 0.40 |
| Cash from operations | $240.0m | $178.0m | $349.0m | $322.0m | $156.0m | $56.0m | $309.0m | $408.0m |
| Capital spending | −$68.0m | −$82.0m | −$68.0m | −$91.0m | −$72.0m | −$75.0m | −$72.0m | −$83.0m |
| Free cash flow | $172.0m | $96.0m | $281.0m | $231.0m | $84.0m | −$19.0m | $237.0m | $325.0m |
| Total assets | $13.29bn | $13.34bn | $13.32bn | $13.39bn | $13.50bn | $13.42bn | $13.40bn | $13.43bn |
| Cash and short-term investments | $868.4m | $859.9m | $901.2m | $703.6m | $630.7m | $699.0m | $866.4m | $766.6m |
| Debt | $2.86bn | $2.86bn | $2.86bn | $2.86bn | $2.86bn | $2.86bn | $2.86bn | $2.86bn |
| Shareholders' equity | $7.84bn | $7.95bn | $7.94bn | $7.90bn | $8.08bn | $8.03bn | $8.03bn | $7.99bn |
Financial ratios
Data as of 2 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 15.6% | 17.0% | 16.5% | 17.4% | 16.9% | 19.0% | — |
| Operating margin | 5.9% | 9.0% | 8.9% | 10.5% | 9.9% | 11.5% | — |
| Net margin | 4.0% | 6.8% | 6.6% | 8.0% | 8.0% | 9.5% | — |
| Return on equity | 6.1% | 10.1% | 10.3% | 13.3% | 13.0% | 14.1% | — |
| Return on assets | 3.6% | 6.0% | 5.9% | 7.5% | 7.2% | 9.2% | — |
| Free cash flow yield | 10.5% | 13.9% | 12.0% | 12.9% | 11.3% | 13.7% | — |
| Revenue growth | 1.6% | -1.6% | -2.8% | 9.4% | 18.5% | 1.2% | — |
| Earnings growth | -40.6% | 1.4% | -20.6% | 10.0% | 0.1% | -7.2% | — |
| Current ratio | 2.47x | 2.32x | 1.43x | 2.47x | 2.08x | 2.38x | — |
| Debt to equity | 0.36x | 0.36x | 0.43x | 0.44x | 0.48x | 0.20x | — |
| Equity ratio | 59.0% | 59.5% | 57.5% | 56.6% | 54.9% | 64.9% | — |
| Interest coverage | 9.21x | 13.20x | 14.61x | 21.00x | 25.92x | 52.22x | — |
| R&D as a share of sales | 0.3% | — | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% |
| Buybacks as a share of market value | -0.2% | -0.2% | 0.3% | -0.5% | 0.1% | -0.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.0% | 4.7% | 2.7% |
| Operating income | -18.2% | -8.2% | -3.9% |
| Net income | -21.8% | -12.0% | -3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.3% | 16.6% | 17.0% | 18.6% |
| Operating margin | 7.4% | 8.6% | 9.2% | 10.7% |
| Net margin | 5.3% | 6.3% | 7.0% | 8.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 27.3 | 21.4 | 22.2 | 25.1 | 29.4 | 28.1 | 25.1 | 23.0 | 23.1 | 21.2 |
| Price to sales | 1.1 | 1.4 | 1.4 | 2.0 | 2.4 | 2.7 | 2.6 | 2.4 | 2.1 | 2.0 |
Market value over time
30 Nov 2016 to 1 Oct 2026, in USD
$18.56bn$11.00bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -25% | 1% | -30% | -6% | 2% | 6% | 5% | 17% | 5% | -11% |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 13 Oct 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.172 | 1.16 | 1.13 | 1.10 | 1.04 | 0.98 | 0.93 | 0.84 |
- 2-for-1 split · 10 Feb 2016
- 2-for-1 split · 15 Feb 2011
- 2-for-1 split · 16 Feb 2000
- 2-for-1 split · 21 Feb 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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