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Hormel Foods (HRL)

NYSE Consumer Staples Packaged Foods & Meats S&P 500
$21.95
-0.65 (-2.88%)
Close of Nov 06, 2026 · end-of-day data
Source: Hormel Foods's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$9.52B$9.17B$9.55B$9.50B$9.61B$11.39B$12.46B$12.11B$11.92B$12.11B
Cost of revenue$7.37B$7.17B$7.57B$7.61B$7.78B$9.46B$10.29B$10.11B$9.90B$10.21B
Gross profit$2.16B$2.00B$1.98B$1.88B$1.83B$1.93B$2.16B$2.00B$2.02B$1.89B
Research & development$34.70M$34.20M$33.80M$32.50M$31.90M$33.60M$34.70M$33.70M$36.10M$35.20M
Selling, general & admin$871.97M$759.30M$841.21M$727.58M$761.32M$853.07M$879.26M$942.17M$1.01B$996.62M
Operating income$1.32B$1.28B$1.18B$1.20B$1.10B$1.12B$1.31B$1.07B$1.07B$718.60M
Interest expense$12.87M$12.68M$26.49M$18.07M$21.07M$43.31M$62.52M$73.40M$80.89M$78.04M
Pre-tax income$1.32B$1.28B$1.18B$1.21B$1.11B$1.13B$1.28B$1.01B$1.04B$663.45M
Income tax$426.70M$431.54M$168.70M$230.57M$206.39M$217.03M$277.88M$220.55M$230.80M$185.68M
Net income$890.05M$846.74M$1.01B$978.81M$908.08M$908.84M$999.99M$793.57M$805.04M$478.20M
EBITDA$1.46B$1.41B$1.34B$1.36B$1.31B$1.33B$1.55B$1.33B$1.33B$982.50M
EPS (basic)$1.68$1.60$1.91$1.83$1.69$1.68$1.84$1.45$1.47$0.87
EPS (diluted)$1.64$1.57$1.86$1.80$1.66$1.66$1.82$1.45$1.47$0.87
Diluted shares542.47M539.12M543.87M545.23M546.59M547.58M549.57M548.98M548.83M550.50M
Gross margin22.7%21.8%20.7%19.8%19.0%16.9%17.4%16.5%17.0%15.6%
Operating margin13.9%13.9%12.4%12.6%11.5%9.9%10.5%8.9%9.0%5.9%
Net margin9.3%9.2%10.6%10.3%9.5%8.0%8.0%6.6%6.8%4.0%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$415.14M$444.12M$459.14M$672.90M$1.71B$613.53M$982.11M$736.53M$741.88M$670.68M
Short-term investments——$0$14.74M$17.34M$21.16M$16.15M$16.66M$24.74M$32.91M
Receivables$591.31M$618.35M$600.44M$574.40M$702.42M$895.72M$867.59M$817.39M$817.91M$784.81M
Inventory$985.68M$921.02M$963.53M$1.04B$1.07B$1.37B$1.72B$1.68B$1.58B$1.75B
Total current assets$2.03B$2.03B$2.05B$2.36B$3.58B$2.95B$3.64B$3.30B$3.25B$3.41B
Goodwill$1.83B$2.12B$2.71B$2.48B$2.61B$4.93B$4.93B$4.93B$4.92B$4.92B
Total assets$6.98B$6.98B$8.14B$8.11B$9.91B$12.70B$13.31B$13.45B$13.43B$13.39B
Total current liabilities$1.05B$1.06B$1.14B$1.11B$1.50B$1.42B$1.47B$2.31B$1.40B$1.38B
Short-term debt—$0$0$0$258.69M$8.76M$8.80M$950.53M$7.81M$6.65M
Long-term debt$250.00M$250.00M$624.84M$250.00M$1.04B$3.32B$3.29B$2.36B$2.85B$2.85B
Total debt$250.00M$250.00M$624.84M$250.00M$1.30B$3.32B$3.30B$3.31B$2.86B$2.86B
Total liabilities$1.92B$2.04B$2.54B$2.19B$3.48B$5.72B$5.77B$5.71B$5.44B$5.49B
Shareholders' equity$4.45B$4.94B$5.60B$5.92B$6.43B$6.97B$7.54B$7.73B$7.99B$7.90B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$1.04B$1.03B$1.24B$923.00M$1.13B$1.00B$1.13B$1.05B$1.27B$845.25M
Capital expenditures$255.52M$221.29M$389.61M$293.84M$367.50M$232.42M$278.92M$270.21M$256.44M$310.90M
Free cash flow$784.50M$812.60M$852.12M$629.16M$760.52M$769.52M$856.06M$777.64M$1.01B$534.35M
Investing cash flow-$408.47M-$587.18M-$1.24B$220.15M-$656.32M-$3.63B-$258.04M-$689.54M-$236.91M-$298.59M
Financing cash flow-$557.30M-$418.77M$11.64M-$926.24M$566.17M$1.52B-$486.68M-$600.06M-$1.03B-$614.00M
Dividends paid$296.49M$346.01M$388.11M$437.05M$487.38M$523.11M$557.84M$592.93M$614.96M$633.19M
Share buybacks$87.89M$94.49M$46.90M$174.25M$12.36M$19.96M$0$12.30M$0$0
Stock-based compensation$17.83M$15.59M$20.59M$19.71M$22.46M$24.74M$24.94M$24.08M$23.23M$25.60M
Depreciation & amortization$131.97M$130.98M$161.86M$165.21M$205.78M$209.31M$235.88M$253.31M$257.76M$263.90M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.