What is Hormel Foods Corporation's earnings per share (EPS)?

Hormel Foods Corporation (HRL) reported diluted earnings per share of $0.87 for fiscal year 2025. This represents a -40.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Hormel Foods Corporation (HRL) Financials

HRL

Trailing 12 months to July 26, 2026

Revenue $12.1B +0.7% YoY

Net Income $342.7M -54.6% YoY

EPS (Diluted) $0.63 -54.0% YoY

Free Cash Flow $780.9M +24.4% YoY

Market Cap $10.9B as of Oct 6, 2026

Price / Sales 0.9x on $12.1B revenue, trailing 12 months to July 26, 2026

Price / Earnings 31.9x on $342.7M net income, trailing 12 months to July 26, 2026

Price / Book 1.4x on $7.8B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jul 26, 2026 Reported Aug 27, 2026 Currency USD FYE October

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HRL SEC filings page.

Hormel Foods Corporation (HRL) reported $12.1B in revenue over the twelve months to Jul 26, 2026, up 0.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI HRL FY2025 2026-10-03

Stable sales in FY2025 masked a sharp profitability reset, with rising costs weakening both margins and cash available after investment.

With sales essentially flat, gross margin fell to 15.6% while operating margin fell to 5.9%; the wider drop below gross profit indicates pressure accumulated beyond raw production costs, not just a sales slowdown. Operating cash flow fell to $845M while free cash flow fell to $534M, showing the earnings reset also reached cash generation.

The margin shape matters: gross margin contracted 1.3% points, but operating margin contracted 3.0% points, implying overhead and other operating costs absorbed additional pressure. Net margin fell to 4.0% from 6.8%, so the decline was not confined to one layer of the income statement.

Cash distribution capacity also changed: free cash flow dropped to $534M while dividends reached $633M, so distributions exceeded cash left after investment in FY2025. The balance sheet remained comparatively steady, with a 2.5x current ratio and 0.4x debt-to-equity ratio, making earnings capacity—not a large leverage shift—the main change.

Financial Health Signals

Financial Health Score 52/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Hormel Foods Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Hormel Foods Corporation has an operating margin of 5.9%, meaning the company retains $6 of operating profit per $100 of revenue. This strong profitability earns a score of 66/100, reflecting efficient cost management and pricing power. This is down from 9.0% the prior year.

Growth

Hormel Foods Corporation's revenue grew a modest 1.6% year-over-year to $12.1B. This slow but positive growth earns a score of 30/100.

Leverage

Hormel Foods Corporation has elevated debt relative to equity (D/E of 0.36), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 29/100, reflecting increased financial risk.

Liquidity

With a current ratio of 2.47, Hormel Foods Corporation holds $2.47 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 70/100.

Cash Flow

Hormel Foods Corporation has a free cash flow margin of 4.4%, earning a moderate score of 50/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Hormel Foods Corporation earns a strong 6.0% return on equity (ROE), meaning it generates $6 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 65/100. This is down from 10.1% the prior year.

Altman Z-Score Safe

3.24

Hormel Foods Corporation scores 3.24, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Hormel Foods Corporation passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.77x

For every $1 of reported earnings, Hormel Foods Corporation generates $1.77 in operating cash flow ($845.3M OCF vs $478.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

9.21x

Hormel Foods Corporation earns $9.21 in operating income for every $1 of interest expense ($718.6M vs $78.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.0B

YoY-2.4%

QoQ-0.4%

5Y CAGR+2.6%

10Y CAGR+2.6%

Hormel Foods Corporation generated $3.0B in revenue in Q3 2026. This represents a decrease of 2.4% from the same quarter a year earlier. Against the prior quarter it is down 0.4%.

EBITDA

$177.3M

YoY-41.8%

QoQ-38.0%

Hormel Foods Corporation's EBITDA was $177.3M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 41.8% from the same quarter a year earlier. Against the prior quarter it is down 38.0%.

Net Income

$59.6M

YoY-67.6%

QoQ-62.2%

5Y CAGR-23.5%

10Y CAGR-12.1%

Hormel Foods Corporation reported $59.6M in net income in Q3 2026. This represents a decrease of 67.6% from the same quarter a year earlier. Against the prior quarter it is down 62.2%.

EPS (Diluted)

$0.11

YoY-66.7%

QoQ-62.1%

5Y CAGR-23.5%

10Y CAGR-12.1%

Hormel Foods Corporation earned $0.11 per diluted share (EPS) in Q3 2026. This represents a decrease of 66.7% from the same quarter a year earlier. Against the prior quarter it is down 62.1%.

Cash & Balance Sheet

Free Cash Flow

$172.4M

YoY+104.1%

QoQ+78.2%

5Y CAGR+9.3%

10Y CAGR+10.4%

Hormel Foods Corporation generated $172.4M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 104.1% from the same quarter a year earlier. Against the prior quarter it is up 78.2%.

Cash & Debt

$839.6M

YoY+40.1%

QoQ+1.6%

5Y CAGR-10.8%

10Y CAGR+8.3%

Hormel Foods Corporation held $839.6M in cash against $2.3B in long-term debt as of Q3 2026.

Dividends Per Share

$0.29

YoY+0.9%

QoQ0.0%

5Y CAGR+3.6%

10Y CAGR+7.3%

Hormel Foods Corporation paid $0.29 per share in dividends in Q3 2026. This represents an increase of 0.9% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

Diluted avg 551M

Hormel Foods Corporation had a weighted average of 551M diluted shares in Q3 2026; the shares outstanding count is not reported for that period.

Margins & Returns

Gross Margin

15.9%

YoY-0.2pp

QoQ-1.5pp

5Y change-2.3pp

10Y change-7.0pp

Hormel Foods Corporation's gross margin was 15.9% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.5 percentage points.

Operating Margin

3.8%

YoY-4.2pp

QoQ-3.5pp

5Y change-7.4pp

Hormel Foods Corporation's operating margin was 3.8% in Q3 2026, reflecting core business profitability. This is down 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.5 percentage points.

Net Margin

2.0%

YoY-4.0pp

QoQ-3.3pp

5Y change-6.7pp

10Y change-7.4pp

Hormel Foods Corporation's net profit margin was 2.0% in Q3 2026, showing the share of revenue converted to profit. This is down 4.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.3 percentage points.

Return on Equity

0.8%

YoY-1.5pp

QoQ-1.2pp

5Y change-2.6pp

10Y change-4.2pp

Hormel Foods Corporation's ROE was 0.8% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.2 percentage points.

Capital Allocation

Capital Expenditures

$68.2M

YoY-5.6%

QoQ-17.0%

5Y CAGR+8.6%

10Y CAGR+0.3%

Hormel Foods Corporation invested $68.2M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 5.6% from the same quarter a year earlier. Against the prior quarter it is down 17.0%.

R&D Spending

Not reported for Q3 2026.

Share Buybacks

Not reported for Q3 2026.

HRL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HRL quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$12.1B	$12.1B+1.6%	$11.9B-1.6%	$12.1B-2.8%	$12.5B+9.4%	$11.4B+18.5%	$9.6B+1.2%	$9.5B-0.5%	$9.5B+4.1%	$9.2B-3.7%	$9.5B+2.8%	$9.3B-0.6%	$9.3B+6.5%	$8.8B+6.3%	$8.2B+4.3%	$7.9B
Cost of Revenue	$10.2B	$10.2B+3.2%	$9.9B-2.1%	$10.1B-1.8%	$10.3B+8.8%	$9.5B+21.5%	$7.8B+2.2%	$7.6B+0.6%	$7.6B+5.5%	$7.2B-2.6%	$7.4B-1.2%	$7.5B-3.8%	$7.8B+5.6%	$7.3B+6.4%	$6.9B+5.1%	$6.6B
Gross Profit	$1.9B	$1.9B-6.4%	$2.0B+1.1%	$2.0B-7.6%	$2.2B+12.3%	$1.9B+5.6%	$1.8B-3.1%	$1.9B-4.8%	$2.0B-0.9%	$2.0B-7.5%	$2.2B+19.3%	$1.8B+15.6%	$1.6B+10.8%	$1.4B+6.1%	$1.3B-0.2%	$1.3B
R&D Expenses	N/A	$35.2M-2.5%	$36.1M+7.1%	$33.7M-2.9%	$34.7M+3.3%	$33.6M+5.3%	$31.9M-1.8%	$32.5M-3.8%	$33.8M-1.2%	$34.2M-1.4%	$34.7M+8.4%	$32.0M+7.0%	$29.9M0.0%	$29.9M+0.3%	$29.8M+1.4%	$29.4M
SG&A Expenses	$1.1B	$996.6M-0.9%	$1.0B+6.7%	$942.2M+7.2%	$879.3M+3.1%	$853.1M+12.1%	$761.3M+4.6%	$727.6M-13.5%	$841.2M+10.8%	$759.3M-12.9%	$872.0M+17.3%	$743.6M+14.2%	$650.9M+3.8%	$627.3M+3.5%	$605.9M-2.1%	$618.6M
Operating Income	$573.9M	$718.6M-32.7%	$1.1B-0.4%	$1.1B-18.3%	$1.3B+16.9%	$1.1B+2.0%	$1.1B-8.0%	$1.2B+1.4%	$1.2B-7.6%	$1.3B-3.6%	$1.3B+24.0%	$1.1B+14.6%	$931.6M+15.6%	$806.0M+3.2%	$781.2M	N/A
EBITDA	N/A	$982.5M-25.9%	$1.3B0.0%	$1.3B-14.4%	$1.5B+16.3%	$1.3B+2.0%	$1.3B-4.1%	$1.4B+1.5%	$1.3B-4.7%	$1.4B-3.3%	$1.5B+21.2%	$1.2B+13.1%	$1.1B+14.1%	$930.8M+3.3%	$900.7M	N/A
Interest Expense	$78.8M	$78.0M-3.5%	$80.9M+10.2%	$73.4M+17.4%	$62.5M+44.4%	$43.3M+105.5%	$21.1M+16.6%	$18.1M-31.8%	$26.5M+108.9%	$12.7M-1.5%	$12.9M-1.8%	$13.1M+3.2%	$12.7M+2.0%	$12.5M-3.2%	$12.9M-43.3%	$22.7M
Income Tax	$179.4M	$185.7M-19.5%	$230.8M+4.6%	$220.6M-20.6%	$277.9M+28.0%	$217.0M+5.2%	$206.4M-10.5%	$230.6M+36.7%	$168.7M-60.9%	$431.5M+1.1%	$426.7M+15.4%	$369.9M+17.0%	$316.1M+17.8%	$268.4M+5.9%	$253.4M+5.7%	$239.6M
Net Income	$342.7M	$478.2M-40.6%	$805.0M+1.4%	$793.6M-20.6%	$1000.0M+10.0%	$908.8M+0.1%	$908.1M-7.2%	$978.8M-3.3%	$1.0B+19.5%	$846.7M-4.9%	$890.1M+29.7%	$686.1M+13.8%	$602.7M+14.5%	$526.2M+5.2%	$500.1M+5.5%	$474.2M
EPS (Basic)	N/A	$0.87-40.8%	$1.47+1.4%	$1.45-21.2%	$1.84+9.5%	$1.68-0.6%	$1.69-7.7%	$1.83-4.2%	$1.91+19.4%	$1.60-4.8%	$1.68+29.2%	$1.30+14.0%	$1.14-42.7%	$1.99+4.7%	$1.90+6.7%	$1.78
EPS (Diluted)	$0.63	$0.87-40.8%	$1.47+1.4%	$1.45-20.3%	$1.82+9.6%	$1.660.0%	$1.66-7.8%	$1.80-3.2%	$1.86+18.5%	$1.57-4.3%	$1.64+29.1%	$1.27+13.4%	$1.12	$1.95+4.8%	$1.86+6.9%	$1.74
Diluted Shares (Avg)	N/A	550M+0.3%	549M0.0%	549M-0.1%	550M+0.4%	548M+0.2%	547M+0.2%	545M+0.3%	544M+0.9%	539M-0.6%	542M+0.3%	541M+0.1%	540M	270M+0.5%	269M-1.1%	272M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$3.0B-2.4%	$3.0B+2.5%	$3.0B+1.3%	$3.2B+1.5%	$3.0B+4.6%	$2.9B+0.4%	$3.0B-0.3%	$3.1B-1.9%
Cost of Revenue	$2.5B-2.2%	$2.5B+1.6%	$2.6B+1.8%	$2.7B+4.7%	$2.5B+5.6%	$2.4B+1.3%	$2.5B+1.0%	$2.6B-2.5%
Gross Profit	$471.5M-3.2%	$518.5M+7.0%	$469.6M-1.2%	$444.8M-14.7%	$487.3M-0.2%	$484.4M-3.8%	$475.2M-6.6%	$521.2M+1.3%
SG&A Expenses	$323.5M+25.0%	$318.6M+26.7%	$241.7M-8.1%	$223.5M-6.3%	$258.7M-0.4%	$251.4M-5.7%	$263.0M+9.4%	$238.6M+10.2%
Operating Income	$110.9M-53.7%	$217.1M-12.6%	$243.7M+6.7%	$2.2M-99.3%	$239.7M+1.3%	$248.4M-1.6%	$228.3M-19.7%	$294.5M+9.1%
EBITDA	$177.3M-41.8%	$285.9M-8.4%	$310.8M+5.6%	$71.5M-80.2%	$304.4M+1.4%	$312.3M-1.2%	$294.2M-15.6%	$360.9M+7.4%
Interest Expense	$19.6M+0.9%	$19.8M+1.6%	$19.7M+1.4%	$19.6M+0.9%	$19.5M-9.3%	$19.5M-10.0%	$19.5M+6.2%	$19.4M+5.8%
Income Tax	$43.6M-17.4%	$48.7M-4.1%	$52.5M+10.5%	$34.6M-42.4%	$52.8M+7.8%	$50.7M-7.6%	$47.5M-28.8%	$60.1M+19.4%
Net Income	$59.6M-67.6%	$157.5M-12.5%	$181.8M+6.6%	-$56.1M-125.5%	$183.7M+4.0%	$180.0M-4.9%	$170.6M-22.1%	$220.2M+12.4%
EPS (Basic)	$0.11-66.7%	$0.29-12.1%	$0.33+6.5%	-$0.10-125.0%	$0.33+3.1%	$0.33-5.7%	$0.31-22.5%	$0.40+11.1%
EPS (Diluted)	$0.11-66.7%	$0.29-12.1%	$0.33+6.5%	-$0.10-125.0%	$0.33+3.1%	$0.33-2.9%	$0.31-22.5%	$0.40+11.1%
Diluted Shares (Avg)	551M+0.1%	551M+0.1%	551M+0.2%	N/A	551M+0.3%	551M+0.4%	550M+0.4%	N/A

Not reported in any period shown, so not listed: R&D Expenses.

HRL Balance Sheet

HRL quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$13.4B-0.3%	$13.4B-0.1%	$13.4B+1.1%	$13.3B+4.8%	$12.7B+28.1%	$9.9B+22.2%	$8.1B-0.4%	$8.1B+16.7%	$7.0B0.0%	$7.0B+13.6%	$6.1B+12.5%	$5.5B+11.0%	$4.9B+7.7%	$4.6B+7.5%	$4.2B
Current Assets	$3.4B+4.9%	$3.2B-1.5%	$3.3B-9.3%	$3.6B+23.4%	$2.9B-17.6%	$3.6B+51.6%	$2.4B+15.2%	$2.1B+1.2%	$2.0B-0.2%	$2.0B-1.6%	$2.1B-3.3%	$2.1B+4.2%	$2.0B-11.8%	$2.3B+16.1%	$2.0B
Cash & Equivalents	$670.7M-9.6%	$741.9M+0.7%	$736.5M-25.0%	$982.1M+60.1%	$613.5M-64.2%	$1.7B+154.8%	$672.9M+46.6%	$459.1M+3.4%	$444.1M+7.0%	$415.1M+19.6%	$347.2M+3.9%	$334.2M-23.0%	$434.0M-36.4%	$682.4M+47.3%	$463.1M
Short-Term Investments	$32.9M+33.0%	$24.7M+48.5%	$16.7M+3.2%	$16.1M-23.7%	$21.2M+22.1%	$17.3M+17.7%	$14.7M	$0	$0	$0	$0	$0	$0-100.0%	$77.4M+1.7%	$76.1M
Inventory	$1.7B+10.8%	$1.6B-6.2%	$1.7B-2.1%	$1.7B+25.3%	$1.4B+27.6%	$1.1B+2.9%	$1.0B+8.2%	$963.5M+4.6%	$921.0M-6.6%	$985.7M-0.8%	$993.3M-5.8%	$1.1B+8.9%	$968.0M+1.8%	$950.5M+7.3%	$885.8M
Accounts Receivable	$784.8M-4.0%	$817.9M+0.1%	$817.4M-5.8%	$867.6M-3.1%	$895.7M+27.5%	$702.4M+22.3%	$574.4M-4.3%	$600.4M-2.9%	$618.4M+4.6%	$591.3M-2.4%	$605.7M-0.6%	$609.5M+10.5%	$551.5M+8.8%	$507.0M+10.0%	$461.1M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$4.9B0.0%	$4.9B-0.1%	$4.9B+0.1%	$4.9B-0.1%	$4.9B+88.7%	$2.6B+5.3%	$2.5B-8.6%	$2.7B+28.0%	$2.1B+15.6%	$1.8B+7.9%	$1.7B+38.6%	$1.2B+31.2%	$934.5M+48.1%	$630.9M0.0%	$630.9M
Total Liabilities	$5.5B+0.9%	$5.4B-4.8%	$5.7B-1.0%	$5.8B+0.8%	$5.7B+64.3%	$3.5B+59.2%	$2.2B-13.9%	$2.5B+24.6%	$2.0B-19.3%	$2.5B+18.0%	$2.1B+15.8%	$1.8B+15.3%	$1.6B-8.0%	$1.7B+9.9%	$1.6B
Current Liabilities	$1.4B-1.3%	$1.4B-39.5%	$2.3B+56.9%	$1.5B+4.1%	$1.4B-5.9%	$1.5B+36.1%	$1.1B-3.0%	$1.1B+7.6%	$1.1B+0.5%	$1.1B-13.2%	$1.2B+27.2%	$954.7M+21.8%	$784.0M-0.3%	$786.3M+1.0%	$778.2M
Non-Current Liabilities	$4.1B+1.7%	$4.0B+18.8%	$3.4B-20.9%	$4.3B-0.2%	$4.3B+117.7%	$2.0B+82.8%	$1.1B-22.8%	$1.4B+42.9%	$981.8M-33.4%	$1.5B+59.0%	$927.6M+3.6%	$895.2M+9.1%	$820.8M-14.3%	$958.2M+18.4%	$809.6M
Long-Term Debt	$2.9B0.0%	$2.9B+20.9%	$2.4B-28.3%	$3.3B-0.7%	$3.3B+217.3%	$1.0B+318.0%	$250.0M-60.0%	$624.8M+149.9%	$250.0M0.0%	$250.0M0.0%	$250.0M0.0%	$250.0M0.0%	$250.0M0.0%	$250.0M0.0%	$250.0M
Total Equity	$7.9B-1.2%	$8.0B+3.3%	$7.7B+2.6%	$7.5B+8.1%	$7.0B+8.5%	$6.4B+8.5%	$5.9B+5.7%	$5.6B+13.5%	$4.9B+11.0%	$4.4B+11.3%	$4.0B+10.9%	$3.6B+8.9%	$3.3B+17.4%	$2.8B+6.1%	$2.7B
Retained Earnings	$7.5B-2.1%	$7.7B+2.5%	$7.5B+2.5%	$7.3B+6.3%	$6.9B+5.5%	$6.5B+6.4%	$6.1B+7.0%	$5.7B+11.0%	$5.2B+9.0%	$4.7B+12.3%	$4.2B+10.8%	$3.8B+10.2%	$3.5B+10.1%	$3.1B+11.0%	$2.8B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$13.3B-1.5%	$13.3B-0.6%	$13.3B-0.6%	$13.4B-0.3%	$13.5B+2.9%	$13.4B-5.0%	$13.4B-0.8%	$13.4B-0.1%
Current Assets	$3.5B+6.1%	$3.5B+6.4%	$3.4B+3.7%	$3.4B+4.9%	$3.3B+10.8%	$3.3B-17.5%	$3.3B-3.0%	$3.2B-1.5%
Cash & Equivalents	$839.6M+40.1%	$826.8M+23.5%	$867.9M+3.3%	$670.7M-9.6%	$599.2M+11.5%	$669.7M-54.9%	$840.4M-12.8%	$741.9M+0.7%
Short-Term Investments	$28.8M-8.5%	$33.1M+13.0%	$33.3M+28.0%	$32.9M+33.0%	$31.5M+28.7%	$29.3M+27.0%	$26.0M+39.0%	$24.7M+48.5%
Inventory	$1.8B-1.1%	$1.8B+1.3%	$1.6B+8.6%	$1.7B+10.8%	$1.8B+10.4%	$1.7B+3.3%	$1.5B-3.9%	$1.6B-6.2%
Accounts Receivable	N/A	N/A	$696.3M-9.3%	$784.8M-4.0%	$764.3M+5.1%	$744.0M+1.6%	$767.8M+2.2%	$817.9M+0.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$4.9B-1.1%	$4.9B-1.0%	$4.9B-0.6%	$4.9B0.0%	$4.9B0.0%	$4.9B-0.2%	$4.9B-0.3%	$4.9B-0.1%
Total Liabilities	$5.4B+0.6%	$5.4B+0.1%	$5.4B+0.1%	$5.5B+0.9%	$5.4B+3.2%	$5.4B-13.8%	$5.4B-5.2%	$5.4B-4.8%
Current Liabilities	$1.9B+39.3%	$1.8B+35.8%	$1.3B-4.4%	$1.4B-1.3%	$1.3B+2.7%	$1.3B-42.4%	$1.3B-41.1%	$1.4B-39.5%
Non-Current Liabilities	$3.6B-12.1%	$3.6B-11.6%	$4.1B+1.5%	$4.1B+1.7%	$4.1B+3.3%	$4.1B+3.0%	$4.0B+18.6%	$4.0B+18.8%
Long-Term Debt	$2.3B-17.6%	$2.4B-17.5%	$2.9B0.0%	$2.9B0.0%	$2.9B-0.1%	$2.9B-0.1%	$2.9B+20.9%	$2.9B+20.9%
Total Equity	$7.8B-3.0%	$7.9B-1.0%	$7.9B-1.1%	$7.9B-1.2%	$8.1B+2.7%	$8.0B+1.9%	$8.0B+2.3%	$8.0B+3.3%
Retained Earnings	$7.4B-3.9%	$7.5B-2.3%	$7.5B-2.0%	$7.5B-2.1%	$7.7B+1.6%	$7.7B+1.5%	$7.7B+1.7%	$7.7B+2.5%

HRL Cash Flow Statement

HRL quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.1B	$845.3M-33.3%	$1.3B+20.9%	$1.0B-7.7%	$1.1B+13.3%	$1.0B-11.2%	$1.1B+22.2%	$923.0M-25.7%	$1.2B+20.1%	$1.0B-0.6%	$1.0B+4.8%	$992.0M+32.8%	$746.9M+17.1%	$637.8M+23.2%	$517.8M+5.6%	$490.5M
Depreciation & Amortization	N/A	$263.9M+2.4%	$257.8M+1.8%	$253.3M+7.4%	$235.9M+12.7%	$209.3M+1.7%	$205.8M+24.6%	$165.2M+2.1%	$161.9M+23.6%	$131.0M-0.8%	$132.0M-1.1%	$133.4M+2.6%	$130.0M+4.2%	$124.8M+4.5%	$119.5M-3.8%	$124.2M
Stock-Based Compensation	N/A	$25.6M+10.2%	$23.2M-3.5%	$24.1M-3.5%	$24.9M+0.8%	$24.7M+10.2%	$22.5M+14.0%	$19.7M-4.3%	$20.6M+32.1%	$15.6M-12.6%	$17.8M+13.4%	$15.7M+9.2%	$14.4M-18.2%	$17.6M+5.3%	$16.7M-3.0%	$17.2M
Capital Expenditures	$310.8M	$310.9M+21.2%	$256.4M-5.1%	$270.2M-3.1%	$278.9M+20.0%	$232.4M-36.8%	$367.5M+25.1%	$293.8M-24.6%	$389.6M+76.1%	$221.3M-13.4%	$255.5M+77.4%	$144.1M-9.5%	$159.1M+49.1%	$106.8M-19.3%	$132.3M+36.5%	$96.9M
Free Cash Flow	$780.9M	$534.3M-47.1%	$1.0B+29.9%	$777.6M-9.2%	$856.1M+11.2%	$769.5M+1.2%	$760.5M+20.9%	$629.2M-26.2%	$852.1M+4.9%	$812.6M+3.6%	$784.5M-7.5%	$847.9M+44.3%	$587.7M+10.7%	$531.0M+37.8%	$385.5M-2.1%	$393.6M
Investing Cash Flow	-$205.9M	-$298.6M-26.0%	-$236.9M+65.6%	-$689.5M-167.2%	-$258.0M+92.9%	-$3.6B-452.5%	-$656.3M-398.1%	$220.2M+117.8%	-$1.2B-110.4%	-$587.2M-43.7%	-$408.5M+54.7%	-$900.9M	N/A	N/A	N/A	N/A
Financing Cash Flow	-$646.5M	-$614.0M+40.4%	-$1.0B-71.7%	-$600.1M-23.3%	-$486.7M-132.0%	$1.5B+168.6%	$566.2M+161.1%	-$926.2M-8058.8%	$11.6M+102.8%	-$418.8M+24.9%	-$557.3M-689.1%	-$70.6M	N/A	N/A	N/A	N/A
Dividends Paid	$640.9M	$633.2M+3.0%	$615.0M+3.7%	$592.9M+6.3%	$557.8M+6.6%	$523.1M+7.3%	$487.4M+11.5%	$437.1M+12.6%	$388.1M+12.2%	$346.0M+16.7%	$296.5M+18.2%	$250.8M+23.5%	$203.2M+16.5%	$174.3M+14.5%	$152.2M+17.1%	$130.0M
Share Buybacks	N/A	$0	$0-100.0%	$12.3M	$0-100.0%	$20.0M+61.5%	$12.4M-92.9%	$174.2M+271.5%	$46.9M-50.4%	$94.5M+7.5%	$87.9M+252.6%	$24.9M-57.7%	$58.9M-16.8%	$70.8M+15.4%	$61.4M-59.9%	$152.9M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$240.6M+53.5%	$178.9M+217.0%	$349.2M+12.9%	$322.9M-21.0%	$156.7M-28.1%	$56.4M-76.1%	$309.2M-23.5%	$408.6M+28.1%
Depreciation & Amortization	$66.4M+2.7%	$68.8M+7.6%	$67.1M+1.9%	$69.4M+4.5%	$64.7M+1.6%	$64.0M+0.5%	$65.9M+2.8%	$66.4M+0.6%
Stock-Based Compensation	N/A	N/A	$6.9M+26.9%	N/A	N/A	N/A	$5.5M+22.7%	N/A
Capital Expenditures	$68.2M-5.6%	$82.2M+9.4%	$69.0M-4.4%	$91.5M+9.2%	$72.2M+10.3%	$75.1M+25.2%	$72.2M+52.9%	$83.8M-17.6%
Free Cash Flow	$172.4M+104.1%	$96.8M+619.0%	$280.2M+18.2%	$231.4M-28.7%	$84.5M-44.6%	-$18.6M-110.6%	$237.0M-33.6%	$324.8M+49.4%
Investing Cash Flow	-$61.5M+7.2%	-$58.7M+25.1%	$7.9M+113.2%	-$93.6M-56.0%	-$66.3M-3.3%	-$78.3M-21.3%	-$60.3M-25.3%	-$60.0M+40.6%
Financing Cash Flow	-$163.0M+0.1%	-$163.0M-9.0%	-$162.4M-13.5%	-$158.1M-5.2%	-$163.3M+85.2%	-$149.6M-142.2%	-$143.1M-7.3%	-$150.3M-0.8%
Dividends Paid	$161.0M+0.9%	$160.9M+1.1%	$159.5M+2.9%	$159.5M+2.9%	$159.5M+2.9%	$159.2M+2.9%	$155.0M+3.1%	$155.0M+3.1%
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0

HRL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HRL quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	15.6%-1.3pp	17.0%+0.5pp	16.5%-0.9pp	17.4%+0.4pp	16.9%-2.1pp	19.0%-0.8pp	19.8%-0.9pp	20.7%-1.0pp	21.8%-0.9pp	22.7%+3.1pp	19.5%+2.7pp	16.8%+0.7pp	16.1%0.0pp	16.2%-0.7pp	16.9%
Operating Margin	5.9%-3.0pp	9.0%+0.1pp	8.8%-1.7pp	10.5%+0.7pp	9.9%-1.6pp	11.5%-1.1pp	12.6%+0.2pp	12.4%-1.6pp	13.9%0.0pp	13.9%+2.4pp	11.5%+1.5pp	10.0%+0.8pp	9.2%-0.3pp	9.5%	N/A
Net Margin	4.0%-2.8pp	6.8%+0.2pp	6.6%-1.5pp	8.0%+0.1pp	8.0%-1.5pp	9.4%-0.9pp	10.3%-0.3pp	10.6%+1.4pp	9.2%-0.1pp	9.3%+1.9pp	7.4%+0.9pp	6.5%+0.5pp	6.0%-0.1pp	6.1%+0.1pp	6.0%
Return on Equity	6.0%-4.0pp	10.1%-0.2pp	10.3%-3.0pp	13.3%+0.2pp	13.0%-1.1pp	14.1%-2.4pp	16.5%-1.5pp	18.1%+0.9pp	17.2%-2.9pp	20.0%+2.8pp	17.2%+0.5pp	16.7%+0.8pp	15.9%-1.8pp	17.7%-0.1pp	17.8%
Return on Assets	3.6%-2.4pp	6.0%+0.1pp	5.9%-1.6pp	7.5%+0.4pp	7.2%-2.0pp	9.2%-2.9pp	12.1%-0.4pp	12.4%+0.3pp	12.1%-0.6pp	12.8%+1.6pp	11.2%+0.1pp	11.1%+0.4pp	10.7%-0.3pp	11.0%-0.2pp	11.2%
Current Ratio	2.47+0.1x	2.32+0.9x	1.43-1.0x	2.47+0.4x	2.08-0.3x	2.38+0.2x	2.14+0.3x	1.80-0.1x	1.920.0x	1.93+0.2x	1.70-0.5x	2.23-0.4x	2.61-0.3x	2.95+0.4x	2.57
Debt-to-Equity	0.360.0x	0.36+0.1x	0.30-0.1x	0.440.0x	0.48+0.3x	0.16+0.1x	0.04-0.1x	0.11+0.1x	0.050.0x	0.060.0x	0.060.0x	0.070.0x	0.080.0x	0.090.0x	0.09
Asset Turnover	0.900.0x	0.890.0x	0.900.0x	0.940.0x	0.90-0.1x	0.97-0.2x	1.170.0x	1.17-0.1x	1.31-0.1x	1.37-0.1x	1.51-0.2x	1.71-0.1x	1.780.0x	1.80-0.1x	1.86
FCF Margin	4.4%-4.1pp	8.5%+2.1pp	6.4%-0.5pp	6.9%+0.1pp	6.8%-1.2pp	7.9%+1.3pp	6.6%-2.3pp	8.9%+0.1pp	8.9%+0.6pp	8.2%-0.9pp	9.2%+2.8pp	6.3%+0.2pp	6.1%+1.4pp	4.7%-0.3pp	5.0%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	15.9%-0.2pp	17.4%+0.7pp	15.5%-0.4pp	14.0%-2.6pp	16.1%-0.8pp	16.7%-0.7pp	15.9%-1.1pp	16.6%+0.5pp
Operating Margin	3.8%-4.2pp	7.3%-1.3pp	8.1%+0.4pp	0.1%-9.3pp	7.9%-0.3pp	8.6%-0.2pp	7.6%-1.9pp	9.4%+0.9pp
Net Margin	2.0%-4.0pp	5.3%-0.9pp	6.0%+0.3pp	-1.8%-8.8pp	6.1%0.0pp	6.2%-0.4pp	5.7%-1.6pp	7.0%+0.9pp
Return on Equity	0.8%-1.5pp	2.0%-0.3pp	2.3%+0.2pp	-0.7%-3.5pp	2.3%0.0pp	2.2%-0.2pp	2.1%-0.7pp	2.8%+0.2pp
Return on Assets	0.4%-0.9pp	1.2%-0.2pp	1.4%+0.1pp	-0.4%-2.1pp	1.4%0.0pp	1.3%0.0pp	1.3%-0.3pp	1.6%+0.2pp
Current Ratio	1.88-0.6x	1.94-0.5x	2.66+0.2x	2.47+0.1x	2.47+0.2x	2.47+0.7x	2.45+1.0x	2.32+0.9x
Debt-to-Equity	0.30-0.1x	0.30-0.1x	0.360.0x	0.360.0x	0.350.0x	0.350.0x	0.35+0.1x	0.36+0.1x
Asset Turnover	0.220.0x	0.220.0x	0.230.0x	0.240.0x	0.220.0x	0.220.0x	0.220.0x	0.230.0x
FCF Margin	5.8%+3.0pp	3.3%+3.9pp	9.3%+1.3pp	7.3%-3.1pp	2.8%-2.5pp	-0.6%-6.7pp	7.9%-4.0pp	10.3%+3.5pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Hormel Foods Corporation HRL	FY2025	$12.1B	$478.2M	4.0%	$10.9B	52/100
McCormick & Company, Incorporated Non-VTG CS MKC	FY2025	$6.8B	$789.4M	11.5%	$12.3B	50/100
The J.M. Smucker Company SJM	FY2026	$9.1B	-$138.7M	-1.5%	$12.4B	35/100
Pilgrims Pride Corporation PPC	FY2025	$18.5B	$1.1B	5.9%	$6.7B	51/100
Kellanova K	FY2024	$12.7B	$1.3B	10.5%	$29.0B	49/100
General Mills, Inc. GIS	FY2026	$18.4B	-$85.0M	-0.5%	$16.9B	37/100

Where Hormel Foods Corporation Ranks

Frequently Asked Questions

What is Hormel Foods Corporation's annual revenue?

Hormel Foods Corporation (HRL) reported $12.1B in total revenue for fiscal year 2025. This represents a 1.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Hormel Foods Corporation's revenue growing?

Hormel Foods Corporation (HRL) revenue grew by 1.6% year-over-year, from $11.9B to $12.1B in fiscal year 2025.

Is Hormel Foods Corporation profitable?

Yes, Hormel Foods Corporation (HRL) reported a net income of $478.2M in fiscal year 2025, with a net profit margin of 4.0%.

What is Hormel Foods Corporation's EBITDA?

Hormel Foods Corporation (HRL) had EBITDA of $982.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Hormel Foods Corporation have?

As of fiscal year 2025, Hormel Foods Corporation (HRL) had $670.7M in cash and equivalents against $2.9B in long-term debt.

What is Hormel Foods Corporation's gross margin?

Hormel Foods Corporation (HRL) had a gross margin of 15.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Hormel Foods Corporation's operating margin?

Hormel Foods Corporation (HRL) had an operating margin of 5.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Hormel Foods Corporation's net profit margin?

Hormel Foods Corporation (HRL) had a net profit margin of 4.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Hormel Foods Corporation pay dividends?

Yes, Hormel Foods Corporation (HRL) paid $1.16 per share in dividends during fiscal year 2025.

What is Hormel Foods Corporation's return on equity (ROE)?

Hormel Foods Corporation (HRL) has a return on equity of 6.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Hormel Foods Corporation's free cash flow?

Hormel Foods Corporation (HRL) generated $534.3M in free cash flow during fiscal year 2025. This represents a -47.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Hormel Foods Corporation's operating cash flow?

Hormel Foods Corporation (HRL) generated $845.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Hormel Foods Corporation's total assets?

Hormel Foods Corporation (HRL) had $13.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Hormel Foods Corporation's capital expenditures?

Hormel Foods Corporation (HRL) invested $310.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Hormel Foods Corporation spend on research and development?

Hormel Foods Corporation (HRL) invested $35.2M in research and development during fiscal year 2025.

What is Hormel Foods Corporation's current ratio?

Hormel Foods Corporation (HRL) had a current ratio of 2.47 as of fiscal year 2025, which is generally considered healthy.

What is Hormel Foods Corporation's debt-to-equity ratio?

Hormel Foods Corporation (HRL) had a debt-to-equity ratio of 0.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hormel Foods Corporation's return on assets (ROA)?

Hormel Foods Corporation (HRL) had a return on assets of 3.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Hormel Foods Corporation's P/E ratio?

Hormel Foods Corporation (HRL) trades at 31.9x earnings, its market capitalization divided by net income of $342.7M net income, trailing 12 months to July 26, 2026. The market capitalization is $10.9B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Hormel Foods Corporation's price-to-sales ratio?

Hormel Foods Corporation (HRL) trades at 0.9x sales, its market capitalization divided by revenue of $12.1B revenue, trailing 12 months to July 26, 2026. The market capitalization is $10.9B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Hormel Foods Corporation's Altman Z-Score?

Hormel Foods Corporation (HRL) has an Altman Z-Score of 3.24, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Hormel Foods Corporation's Piotroski F-Score?

Hormel Foods Corporation (HRL) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hormel Foods Corporation's earnings high quality?

Hormel Foods Corporation (HRL) has an earnings quality ratio of 1.77x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Hormel Foods Corporation cover its interest payments?

Hormel Foods Corporation (HRL) has an interest coverage ratio of 9.21x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Hormel Foods Corporation?

Hormel Foods Corporation (HRL) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.