HRL
Hormel Foods Corporation
NYSE: HRL · CONSUMER DEFENSIVE · PACKAGED FOODS
$20.86
-2.11% today
Updated 2026-04-29
Market cap
$11.48B
P/E ratio
23.44
P/S ratio
0.95x
EPS (TTM)
$0.89
Dividend yield
5.46%
52W range
$20 – $30
Volume
4.8M
Hormel Foods Corporation (HRL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.75B | $6.19B | $6.75B | $6.53B | $7.22B | $7.90B | $8.23B | $8.75B | $9.32B | $9.26B | $9.52B | $9.17B | $9.55B | $9.50B | $9.61B | $11.39B | $12.46B | $12.11B | $11.92B | $12.11B |
| Revenue growth (YoY) | — | +7.8% | +9.1% | -3.3% | +10.5% | +9.3% | +4.3% | +6.3% | +6.5% | -0.6% | +2.8% | -3.7% | +4.1% | -0.5% | +1.2% | +18.5% | +9.4% | -2.8% | -1.6% | +1.6% |
| Cost of revenue | $4.36B | $5.19B | $5.69B | $5.43B | $5.98B | $6.56B | $6.90B | $7.34B | $7.75B | $7.46B | $7.37B | $7.17B | $7.57B | $7.61B | $7.78B | $9.46B | $10.29B | $10.11B | $9.90B | $10.21B |
| Gross profit | $1.38B | $1.00B | $1.06B | $1.10B | $1.24B | $1.33B | $1.33B | $1.41B | $1.56B | $1.81B | $2.16B | $2.00B | $1.98B | $1.88B | $1.83B | $1.93B | $2.16B | $2.00B | $2.02B | $1.89B |
| Gross margin | 24.1% | 16.2% | 15.7% | 16.8% | 17.2% | 16.9% | 16.2% | 16.1% | 16.8% | 19.5% | 22.7% | 21.8% | 20.7% | 19.8% | 19.0% | 16.9% | 17.4% | 16.5% | 17.0% | 15.6% |
| R&D | $18.63M | $21.48M | $22.69M | $25.40M | $27.60M | $29.40M | $29.80M | $29.90M | $29.90M | $32.00M | $34.70M | $34.20M | $33.80M | $32.50M | $31.90M | $33.60M | $34.70M | $33.70M | — | $35.20M |
| SG&A | $182.89M | $162.48M | $178.03M | $567.10M | $605.29M | $618.60M | $502.47M | $537.44M | $536.55M | $598.31M | $667.87M | $626.50M | $686.71M | $596.48M | $637.72M | $714.57M | $721.97M | $748.37M | $729.69M | $940.54M |
| Operating income | $450.71M | $483.92M | $516.80M | $536.58M | $646.58M | $742.28M | $764.67M | $805.99M | $931.62M | $1.07B | $1.32B | $1.28B | $1.18B | $1.20B | $1.10B | $1.12B | $1.31B | $1.07B | $1.07B | $718.60M |
| Operating margin | 7.8% | 7.8% | 7.7% | 8.2% | 9.0% | 9.4% | 9.3% | 9.2% | 10.0% | 11.5% | 13.9% | 13.9% | 12.4% | 12.6% | 11.5% | 9.9% | 10.5% | 8.9% | 9.0% | 5.9% |
| EBITDA | $577.28M | $624.28M | $642.99M | $683.28M | $776.73M | $866.45M | $890.69M | $935.81M | $1.06B | $1.20B | $1.46B | $1.42B | $1.37B | $1.39B | $1.34B | $1.38B | $1.58B | $1.34B | $1.37B | $1.01B |
| EBITDA margin | 10.0% | 10.1% | 9.5% | 10.5% | 10.8% | 11.0% | 10.8% | 10.7% | 11.4% | 13.0% | 15.4% | 15.5% | 14.3% | 14.7% | 14.0% | 12.1% | 12.7% | 11.1% | 11.5% | 8.3% |
| EBIT | $456.18M | $497.54M | $516.80M | $556.14M | $651.14M | $742.28M | $771.19M | $810.96M | $934.86M | $1.07B | $1.33B | $1.29B | $1.21B | $1.23B | $1.14B | $1.17B | $1.34B | $1.09B | $1.12B | $741.49M |
| Interest expense | $25.64M | $27.71M | $56.13M | $28.00M | $26.59M | $23.45M | $12.86M | $12.45M | $12.70M | $13.11M | $12.87M | $12.68M | $26.49M | $18.07M | $21.07M | $43.31M | $62.52M | $73.40M | $80.89M | $78.04M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $286.14M | $301.89M | $285.50M | $342.81M | $395.59M | $474.19M | $500.05M | $526.21M | $602.68M | $686.09M | $890.05M | $846.74M | $1.01B | $978.81M | $908.08M | $908.84M | $999.99M | $793.57M | $805.04M | $478.20M |
| Net income growth (YoY) | — | +5.5% | -5.4% | +20.1% | +15.4% | +19.9% | +5.5% | +5.2% | +14.5% | +13.8% | +29.7% | -4.9% | +19.5% | -3.3% | -7.2% | +0.1% | +10.0% | -20.6% | +1.4% | -40.6% |
| Profit margin | 5.0% | 4.9% | 4.2% | 5.2% | 5.5% | 6.0% | 6.1% | 6.0% | 6.5% | 7.4% | 9.3% | 9.2% | 10.6% | 10.3% | 9.5% | 8.0% | 8.0% | 6.6% | 6.8% | 4.0% |