HORMEL FOODS CORP /DE/ HRL

Consumer staples SIC 2011 - Meat Packing Plants NAICS Manufacturing › Food Manufacturing › Animal Slaughtering and Processing › Animal (except Poultry) Slaughtering derived NYSE

Last close 21.06 2026-10-23
Market cap $11.60B estimated share count
52-week range 18.96 - 26.60

Valuation FY2025 figures against the last close

P/S1.0x
P/E24.2x
P/FCF21.7x
EV/EBITDA14.0x
Dividend yield5.5%
Diluted EPS0.87

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • Foreign
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 11.4B (94.5%) 94% U.S. Foreign, FY2025: 669.1M (5.5%) 6% Foreign FY2024 U.S., FY2024: 11.3B (94.7%) 95% Foreign, FY2024: 636.8M (5.3%) 5% FY2023 U.S., FY2023: 11.5B (95.1%) 95% Foreign, FY2023: 594.9M (4.9%) 5%
Region FY2025FY2024FY2023
U.S. $11.44B $11.28B $11.52B
Foreign $669.1M $636.8M $594.9M

As the company reported it, from the “Segment Reporting - Revenues by Geographic Locations (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Retail
  • Foodservice
  • International
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Retail, FY2025: 7.5B (61.6%) 62% Retail Foodservice, FY2025: 3.9B (32.6%) 33% Foodservice International, FY2025: 709.1M (5.9%) 6% FY2024 Retail, FY2024: 7.4B (61.9%) 62% Foodservice, FY2024: 3.8B (32.3%) 32% International, FY2024: 701.5M (5.9%) 6% FY2023 Retail, FY2023: 7.7B (64.0%) 64% Foodservice, FY2023: 3.6B (30.1%) 30% International, FY2023: 721.5M (6.0%) 6%
Segment FY2025FY2024FY2023
Retail $7.46B $7.37B $7.75B
Foodservice $3.94B $3.85B $3.64B
International $709.1M $701.5M $721.5M

As the company reported it, from the “Segment Reporting - Financial Measures (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 0.871.471.451.841.681.691.831.911.601.68
EPS, diluted 0.871.471.451.821.661.661.801.861.571.64
Shares, diluted (wtd. avg.) 550.5M548.8M549.0M549.6M547.6M546.6M545.2M543.9M539.1M542.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B Revenue, FY2016: 9.5B Gross profit, FY2016: 2.2B Net income, FY2016: 890.1M Revenue, FY2017: 9.2B Gross profit, FY2017: 2B Net income, FY2017: 846.7M Revenue, FY2018: 9.5B Gross profit, FY2018: 2B Net income, FY2018: 1B Revenue, FY2019: 9.5B Gross profit, FY2019: 1.9B Net income, FY2019: 978.8M Revenue, FY2020: 9.6B Gross profit, FY2020: 1.8B Net income, FY2020: 908.1M Revenue, FY2021: 11.4B Gross profit, FY2021: 1.9B Net income, FY2021: 908.8M Revenue, FY2022: 12.5B Gross profit, FY2022: 2.2B Net income, FY2022: 1000M Revenue, FY2023: 12.1B Gross profit, FY2023: 2B Net income, FY2023: 793.6M Revenue, FY2024: 11.9B Gross profit, FY2024: 2B Net income, FY2024: 805M Revenue, FY2025: 12.1B Gross profit, FY2025: 1.9B Net income, FY2025: 478.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $9.52B $9.17B $9.55B $9.50B $9.61B $11.39B $12.46B $12.11B $11.92B $12.11B
Gross profit $2.16B $2.00B $1.98B $1.88B $1.83B $1.93B $2.16B $2.00B $2.02B $1.89B
Net income $890.1M $846.7M $1.01B $978.8M $908.1M $908.8M $1,000.0M $793.6M $805.0M $478.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 2011

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