HRL
Hormel Foods Corporation
Stock
$20.25+0.29 (+1.45%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.1B | $12.1B | $11.9B | $12.1B | $12.5B | $11.4B | $9.6B | $9.5B | $9.5B | $9.2B | $9.5B | $9.3B | $9.3B | $8.8B | $8.2B |
| Cost of revenue | $10.2B | $10.2B | $9.9B | $10.1B | $10.3B | $9.5B | $7.8B | $7.6B | $7.6B | $7.2B | $7.4B | $7.5B | $7.8B | $7.3B | $6.9B |
| Gross profit | $1.9B | $1.9B | $2.0B | $2.0B | $2.2B | $1.9B | $1.8B | $1.9B | $2.0B | $2.0B | $2.2B | $1.8B | $1.6B | $1.4B | $1.3B |
| R&D | — | $35M | $36M | $34M | $35M | $34M | $32M | $33M | $34M | $34M | $35M | $32M | $30M | $30M | $30M |
| SG&A | $1.1B | $997M | $1.0B | $942M | $879M | $853M | $761M | $728M | $841M | $759M | $872M | $744M | $651M | $627M | $606M |
| Other operating expenses | $223M | $141M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | $574M | $719M | $1.1B | $1.1B | $1.3B | $1.1B | $1.1B | $1.2B | $1.2B | $1.3B | $1.3B | $1.1B | $932M | $806M | $781M |
| Non-operating income | −$52M | −$55M | −$32M | −$59M | −$35M | $3.6M | $15M | $13M | $1.3M | $1.9M | −$6.7M | −$10M | −$9.5M | −$7.5M | −$23M |
| Pretax income | $522M | $663M | $1.0B | $1.0B | $1.3B | $1.1B | $1.1B | $1.2B | $1.2B | $1.3B | $1.3B | $1.1B | $922M | $799M | $758M |
| Taxes | $179M | $185M | $230M | $220M | $278M | $217M | $207M | $231M | $169M | $432M | $427M | $371M | $319M | $272M | $258M |
| Net income | $343M | $478M | $805M | $794M | $1,000M | $909M | $908M | $979M | $1.0B | $847M | $890M | $686M | $603M | $526M | $500M |
| Diluted EPS | $0.63 | $0.87 | $1.47 | $1.45 | $1.82 | $1.66 | $1.66 | $1.80 | $1.86 | $1.57 | $1.64 | $1.27 | $1.12 | $0.98 | $0.93 |
| Diluted shares | — | 550.5M | 548.8M | 549.0M | 549.6M | 547.6M | 546.6M | 545.2M | 543.9M | 539.1M | 542.5M | 541.0M | 540.4M | 540.4M | 537.8M |
| Revenue growth | — | +1.6% | −1.6% | −2.8% | +9.4% | +18.5% | +1.2% | −0.5% | +4.1% | −3.7% | +2.8% | −0.6% | +6.5% | +6.3% | — |
| Gross margin | 15.7% | 15.6% | 17.0% | 16.5% | 17.4% | 16.9% | 19.0% | 19.8% | 20.7% | 21.8% | 22.7% | 19.5% | 16.8% | 16.1% | 16.2% |
| Operating margin | 4.7% | 5.9% | 9.0% | 8.9% | 10.5% | 9.9% | 11.5% | 12.6% | 12.4% | 13.9% | 13.9% | 11.5% | 10.0% | 9.2% | 9.5% |
| Net margin | 2.8% | 4.0% | 6.8% | 6.6% | 8.0% | 8.0% | 9.5% | 10.3% | 10.6% | 9.2% | 9.3% | 7.4% | 6.5% | 6.0% | 6.1% |