Hormel Foods (HRL) is trading up at $20.19 (+1.92%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Consumer Staples sector.
| FY2016Oct 2016 | FY2017Oct 2017 | FY2018Oct 2018 | FY2019Oct 2019 | FY2020Oct 2020 | FY2021Oct 2021 | FY2022Oct 2022 | FY2023Oct 2023 | FY2024Oct 2024 | FY2025Oct 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $9.52B | $9.17B | $9.55B | $9.50B | $9.61B | $11.4B | $12.5B | $12.1B | $11.9B | $12.1B |
| Growth (year over year) | +2.8% | −3.7% | +4.1% | −0.5% | +1.2% | +18.5% | +9.4% | −2.8% | −1.6% | +1.6% |
| Gross profit | $2.16B | $2.00B | $1.98B | $1.88B | $1.83B | $1.93B | $2.16B | $2.00B | $2.02B | $1.89B |
| Gross margin | 22.7% | 21.8% | 20.7% | 19.8% | 19.0% | 16.9% | 17.4% | 16.5% | 17.0% | 15.6% |
| Operating income | $1.32B | $1.28B | $1.18B | $1.20B | $1.10B | $1.12B | $1.31B | $1.07B | $1.07B | $718.6M |
| Operating margin | 13.9% | 13.9% | 12.4% | 12.6% | 11.5% | 9.9% | 10.5% | 8.9% | 9.0% | 5.9% |
| Net income | $890.1M | $846.7M | $1.01B | $978.8M | $908.1M | $908.8M | $1000.0M | $793.6M | $805.0M | $478.2M |
| Net margin | 9.3% | 9.2% | 10.6% | 10.3% | 9.5% | 8.0% | 8.0% | 6.6% | 6.8% | 4.0% |
| EPS (diluted) | $1.64 | $1.57 | $1.86 | $1.80 | $1.66 | $1.66 | $1.82 | $1.45 | $1.47 | $0.87 |
| Balance sheet | ||||||||||
| Cash and equivalents | $415.1M | $444.1M | $459.1M | $672.9M | $1.71B | $613.5M | $982.1M | $736.5M | $741.9M | $670.7M |
| Total assets | $6.98B | $6.98B | $8.14B | $8.11B | $9.91B | $12.7B | $13.3B | $13.4B | $13.4B | $13.4B |
| Total liabilities | $1.92B | $2.04B | $2.54B | $2.18B | $3.48B | $5.72B | $5.77B | $5.71B | $5.43B | $5.48B |
| Long-term debt | $250.0M | $250.0M | $624.8M | $250.0M | $1.04B | $3.32B | $3.29B | $2.36B | $2.85B | $2.85B |
| Shareholders' equity | $4.45B | $4.94B | $5.60B | $5.92B | $6.43B | $6.97B | $7.54B | $7.73B | $7.99B | $7.90B |
| Cash flow | ||||||||||
| Operating cash flow | $1.04B | $1.03B | $1.24B | $923.0M | $1.13B | $1.00B | $1.13B | $1.05B | $1.27B | $845.3M |
| Capital expenditure | $255.5M | $221.3M | $389.6M | $293.8M | $367.5M | $232.4M | $278.9M | $270.2M | $256.4M | $310.9M |
| Free cash flow | $784.5M | $812.6M | $852.1M | $629.2M | $760.5M | $769.5M | $856.1M | $777.6M | $1.01B | $534.3M |
| Dividends paid | $296.5M | $346.0M | $388.1M | $437.1M | $487.4M | $523.1M | $557.8M | $592.9M | $615.0M | $633.2M |
| Share buybacks | $87.9M | $94.5M | $46.9M | $174.2M | $12.4M | $20.0M | $0 | $12.3M | $0 | $0 |
| Q4 FY24†Oct 2024 | Q1 FY25Jan 2025 | Q2 FY25Apr 2025 | Q3 FY25Jul 2025 | Q4 FY25†Oct 2025 | Q1 FY26Jan 2026 | Q2 FY26Apr 2026 | Q3 FY26Jul 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $3.14B | $2.99B | $2.90B | $3.03B | $3.19B | $3.03B | $2.97B | $2.96B |
| Growth (year over year) | −1.9% | −0.3% | +0.4% | +4.6% | +1.5% | +1.3% | +2.5% | −2.4% |
| Gross profit | $521.2M | $475.2M | $484.4M | $487.3M | $444.8M | $469.6M | $518.5M | $471.5M |
| Gross margin | 16.6% | 15.9% | 16.7% | 16.1% | 14.0% | 15.5% | 17.4% | 15.9% |
| Operating income | $294.5M | $228.3M | $248.4M | $239.7M | $2.17M | $243.7M | $217.1M | $110.9M |
| Operating margin | 9.4% | 7.6% | 8.6% | 7.9% | 0.1% | 8.0% | 7.3% | 3.7% |
| Net income | $220.2M | $170.6M | $180.0M | $183.7M | −$56.1M | $181.8M | $157.5M | $59.6M |
| Net margin | 7.0% | 5.7% | 6.2% | 6.1% | −1.8% | 6.0% | 5.3% | 2.0% |
| EPS (diluted) | $0.41 | $0.31 | $0.33 | $0.33 | −$0.10 | $0.33 | $0.29 | $0.11 |
| Balance sheet | ||||||||
| Cash and equivalents | $741.9M | $840.4M | $669.7M | $599.2M | $670.7M | $867.9M | $826.8M | $839.6M |
| Total assets | $13.4B | $13.4B | $13.4B | $13.5B | $13.4B | $13.3B | $13.3B | $13.3B |
| Total liabilities | $5.43B | $5.37B | $5.38B | $5.40B | $5.48B | $5.36B | $5.38B | $5.43B |
| Long-term debt | $2.85B | $2.85B | $2.85B | $2.85B | $2.85B | $2.85B | $2.35B | $2.35B |
| Shareholders' equity | $7.99B | $8.03B | $8.03B | $8.08B | $7.90B | $7.94B | $7.95B | $7.84B |
| Cash flow | ||||||||
| Operating cash flow | $408.6M | $309.2M | $56.4M | $156.7M | $322.9M | $349.2M | $178.9M | $240.6M |
| Capital expenditure | $83.8M | $72.2M | $75.1M | $72.2M | $91.5M | $69.0M | $82.2M | $68.2M |
| Free cash flow | $324.8M | $237.0M | −$18.6M | $84.5M | $231.4M | $280.2M | $96.8M | $172.4M |
| Dividends paid | $155.0M | $155.0M | $159.2M | $159.5M | $159.5M | $159.5M | $160.9M | $161.0M |
| Share buybacks | $0 | — | — | — | — | — | — | — |
From Hormel Foods's 10-K and 10-Q filings with the SEC; its fiscal year ends in October. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Hormel Foods Corporation, doing business as Hormel Foods or simply Hormel, is an American multinational food processing company founded in 1891 in Austin, Minnesota, by George A. Hormel as George A. Hormel & Company. The company originally focused on the packaging and selling of ham, sausage and other pork, chicken, beef and lamb products to consumers, adding Spam in 1937. By the 1980s, Hormel began offering a wider range of packaged and refrigerated foods. The company changed its name to Hormel Foods Corporation in 1993 and uses the Hormel brand on many of its products; the company's other brands include Planters, Columbus Craft Meats, Dinty Moore, Jennie-O, and Skippy. The company's products are available in over 80 countries.
Source: Wikipedia — Hormel Foods
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