HORMEL FOODS CORP /DE/ HRL
Last close
21.54
2026-09-04
Market cap
$11.86B
estimated share count
52-week range
19.70 - 26.60
Valuation FY2025 figures against the last close
P/S1.0x
P/E24.8x
P/FCF22.2x
EV/EBITDA14.3x
Dividend yield5.3%
Diluted EPS0.87
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.11B | $11.92B | $12.11B | $12.46B | $11.39B | $9.61B | $9.50B | $9.55B | $9.17B | $9.52B |
| Cost of revenue | $10.21B | $9.90B | $10.11B | $10.29B | $9.46B | $7.78B | $7.61B | $7.57B | $7.17B | $7.37B |
| Gross profit | $1.89B | $2.02B | $2.00B | $2.16B | $1.93B | $1.83B | $1.88B | $1.98B | $2.00B | $2.16B |
| R&D | $35.2M | $36.1M | $33.7M | $34.7M | $33.6M | $31.9M | $32.5M | $33.8M | $34.2M | $34.7M |
| SG&A | $996.6M | $1.01B | $942.2M | $879.3M | $853.1M | $761.3M | $727.6M | $841.2M | $759.3M | $872.0M |
| Operating income | $718.6M | $1.07B | $1.07B | $1.31B | $1.12B | $1.10B | $1.20B | $1.18B | $1.28B | $1.32B |
| Interest expense | $78.0M | $80.9M | $73.4M | $62.5M | $43.3M | $21.1M | $18.1M | $26.5M | $12.7M | $12.9M |
| Pre-tax income | $663.4M | $1.04B | $1.01B | $1.28B | $1.13B | $1.11B | $1.21B | $1.18B | $1.28B | $1.32B |
| Income tax | $185.7M | $230.8M | $220.6M | $277.9M | $217.0M | $206.4M | $230.6M | $168.7M | $431.5M | $426.7M |
| Net income | $478.2M | $805.0M | $793.6M | $1,000.0M | $908.8M | $908.1M | $978.8M | $1.01B | $846.7M | $890.1M |
| EPS, basic | 0.87 | 1.47 | 1.45 | 1.84 | 1.68 | 1.69 | 1.83 | 1.91 | 1.60 | 1.68 |
| EPS, diluted | 0.87 | 1.47 | 1.45 | 1.82 | 1.66 | 1.66 | 1.80 | 1.86 | 1.57 | 1.64 |
| Shares, diluted (wtd. avg.) | $550.5M | $548.8M | $549.0M | $549.6M | $547.6M | $546.6M | $545.2M | $543.9M | $539.1M | $542.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $670.7M | $741.9M | $736.5M | $982.1M | $613.5M | $1.71B | $672.9M | $459.1M | $444.1M | $415.1M |
| Short-term investments | $32.9M | $24.7M | $16.7M | $16.1M | $21.2M | $17.3M | $14.7M | $0 | — | — |
| Receivables | $784.8M | $817.9M | $817.4M | $867.6M | $895.7M | $702.4M | $574.4M | $600.4M | $618.4M | $591.3M |
| Inventory | $1.75B | $1.58B | $1.68B | $1.72B | $1.37B | $1.07B | $1.04B | $963.5M | $921.0M | $985.7M |
| Total current assets | $3.41B | $3.25B | $3.30B | $3.64B | $2.95B | $3.58B | $2.36B | $2.05B | $2.03B | $2.03B |
| Property, plant and equipment | — | — | — | — | — | — | $1.63B | $1.51B | $1.20B | $1.11B |
| Goodwill | $4.92B | $4.92B | $4.93B | $4.93B | $4.93B | $2.61B | $2.48B | $2.71B | $2.12B | $1.83B |
| Other intangibles | $1.65B | $1.73B | $1.76B | $1.80B | $1.82B | $1.08B | $1.03B | $1.21B | $1.03B | $903.3M |
| Total assets | $13.39B | $13.43B | $13.45B | $13.31B | $12.70B | $9.91B | $8.11B | $8.14B | $6.98B | $6.98B |
| Accounts payable | $731.6M | $735.6M | $771.4M | $816.6M | $793.3M | $644.6M | $590.0M | $618.8M | $552.7M | $481.8M |
| Short-term debt | $6.6M | $7.8M | $950.5M | $8.8M | $8.8M | $258.7M | $0 | $0 | $0 | — |
| Total current liabilities | $1.38B | $1.40B | $2.31B | $1.47B | $1.42B | $1.50B | $1.11B | $1.14B | $1.06B | $1.05B |
| Long-term debt | $2.85B | $2.85B | $2.36B | $3.29B | $3.32B | $1.04B | $250.0M | $624.8M | $250.0M | $250.0M |
| Retained earnings | $7.52B | $7.68B | $7.49B | $7.31B | $6.88B | $6.52B | $6.13B | $5.73B | $5.16B | $4.74B |
| Total equity | $7.90B | $7.99B | $7.74B | $7.54B | $6.98B | $6.43B | $5.93B | $5.60B | $4.94B | $4.45B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $845.3M | $1.27B | $1.05B | $1.13B | $1.00B | $1.13B | $923.0M | $1.24B | $1.03B | $1.04B |
| Depreciation and amortisation | $263.9M | $257.8M | $253.3M | $235.9M | $209.3M | $205.8M | $165.2M | $161.9M | $131.0M | $132.0M |
| Stock-based compensation | $25.6M | $23.2M | $24.1M | $24.9M | $24.7M | $22.5M | $19.7M | $20.6M | $15.6M | $17.8M |
| Capital expenditure | $310.9M | $256.4M | $270.2M | $278.9M | $232.4M | $367.5M | $293.8M | $389.6M | $221.3M | $255.5M |
| Investing cash flow | -$298.6M | -$236.9M | -$689.5M | -$258.0M | -$3.63B | -$656.3M | $220.2M | -$1.24B | -$587.2M | -$408.5M |
| Financing cash flow | -$614.0M | -$1.03B | -$600.1M | -$486.7M | $1.52B | $566.2M | -$926.2M | $11.6M | -$418.8M | -$557.3M |
| Dividends paid | $633.2M | $615.0M | $592.9M | $557.8M | $523.1M | $487.4M | $437.1M | $388.1M | $346.0M | $296.5M |
| Buybacks | $0 | $0 | $12.3M | $0 | $20.0M | $12.4M | $174.2M | $46.9M | $94.5M | $87.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000048465-25-000059.
Others in SIC 2011
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| SFD | SMITHFIELD FOODS INC | $8.65B | 8.8x | 9.8% |
| JBS | JBS N.V. | — | — | 11.7% |