Hormel Foods Corp (HRL) Financial Statements
Industry: Meat Packing Plants
In fiscal 2025, Hormel Foods reported revenue of $12.11B, up 1.6% from $11.92B the year before. Net income was $478.2M (a 4.0% net margin), or $0.87 per diluted share. Gross margin was 15.6% and operating margin was 5.9%. Operating activities generated $845.3M of cash, leaving $534.3M of free cash flow. At fiscal year end, Hormel Foods held $13.39B in total assets against $5.49B in total liabilities, including $670.7M of cash and equivalents.
Open the full interactive Hormel Foods financials → Quarterly statements, key ratios, valuation history and price charts.
Hormel Foods Key Stats
| Share Price | $19.21 |
|---|---|
| Market Cap | $10.59B |
| P/E Ratio | 22.1 |
| Revenue YoY Growth | +1.6% |
| 52-Week Range | $19.01 – $26.20 |
| Shares Outstanding | 550.7 million (basic, 2026 Q3) |
Hormel Foods Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $9.61B | $11.39B | $12.46B | $12.11B | $11.92B | $12.11B |
| Cost of Goods Sold | $7.78B | $9.46B | $10.29B | $10.11B | $9.90B | $10.21B |
| Gross Profit | $1.83B | $1.93B | $2.16B | $2.00B | $2.02B | $1.89B |
| Operating Income | $1.10B | $1.12B | $1.31B | $1.07B | $1.07B | $718.6M |
| Pre-Tax Income | $1.11B | $1.13B | $1.28B | $1.01B | $1.04B | $663.4M |
| Income Tax | $206.4M | $217.0M | $277.9M | $220.6M | $230.8M | $185.7M |
| Net Income | $908.1M | $908.8M | $1,000.0M | $793.6M | $805.0M | $478.2M |
| Diluted EPS | $1.66 | $1.66 | $1.82 | $1.45 | $1.47 | $0.87 |
Hormel Foods Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $3.19B | $3.03B | $2.97B | $2.96B |
| Net Income | -$56.1M | $181.8M | $157.5M | $59.6M |
| Diluted EPS | -$0.10 | $0.33 | $0.29 | $0.11 |
Hormel Foods Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.71B | $613.5M | $982.1M | $736.5M | $741.9M | $670.7M |
| Current Assets | $3.58B | $2.95B | $3.64B | $3.30B | $3.25B | $3.41B |
| Total Assets | $9.91B | $12.70B | $13.31B | $13.45B | $13.43B | $13.39B |
| Current Liabilities | $1.50B | $1.42B | $1.47B | $2.31B | $1.40B | $1.38B |
| Total Long-Term Debt | $1.30B | $3.32B | $3.30B | $3.31B | $2.86B | $2.86B |
| Total Liabilities | $3.48B | $5.72B | $5.77B | $5.71B | $5.44B | $5.49B |
| Shareholders' Equity | $6.43B | $6.97B | $7.54B | $7.73B | $7.99B | $7.90B |
Hormel Foods Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.13B | $1.00B | $1.13B | $1.05B | $1.27B | $845.3M |
| Cash From Investing | -$656.3M | -$3.63B | -$258.0M | -$689.5M | -$236.9M | -$298.6M |
| Cash From Financing | $566.2M | $1.52B | -$486.7M | -$600.1M | -$1.03B | -$614.0M |
| Free Cash Flow | $760.5M | $769.5M | $856.1M | $777.6M | $1.01B | $534.3M |
Figures from Hormel Foods' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Hormel Foods financials page for every line item.
Hormel Foods Company Profile
| Ticker | HRL |
|---|---|
| Exchange | NYSE |
| Industry | Meat Packing Plants |
| Headquarters | Austin, Minnesota |
| Incorporated in | Delaware |
| Fiscal Year End | October 25 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000048465 |
Frequently Asked Questions
What was Hormel Foods' revenue in fiscal 2025?
Hormel Foods (HRL) reported revenue of $12.11B for fiscal 2025.
What is Hormel Foods' annual revenue history?
Hormel Foods' annual revenue by fiscal year: 2020: $9.61B; 2021: $11.39B; 2022: $12.46B; 2023: $12.11B; 2024: $11.92B; 2025: $12.11B.
What was Hormel Foods' net income in fiscal 2025?
Hormel Foods reported net income of $478.2M for fiscal 2025.
What was Hormel Foods' earnings per share (EPS) in fiscal 2025?
Hormel Foods' diluted EPS was $0.87 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Hormel Foods generate in fiscal 2025?
Hormel Foods generated $534.3M of free cash flow in fiscal 2025.
What was Hormel Foods' revenue last quarter?
In its most recent reported quarter (2026 Q3), Hormel Foods reported revenue of $2.96B.
How much debt does Hormel Foods have?
Hormel Foods reported $2.86B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Hormel Foods are outstanding?
Hormel Foods reported a weighted average of 550.7 million basic shares outstanding in 2026 Q3.
What is Hormel Foods' market cap?
Based on its latest closing price, Hormel Foods (HRL) has a market capitalization of about $10.59B.
When does Hormel Foods' fiscal year end?
Hormel Foods' fiscal year end, as registered with the SEC, is October 25.
Where is Hormel Foods headquartered?
Hormel Foods lists its business address in Austin, Minnesota in its SEC filings.