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Complete financial analysis of Hormel Foods Corporation (HRL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Hormel Foods Corporation, a leading company in the Packaged Foods industry within the Consumer Defensive sector.
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Hormel Foods Corporation (HRL)
About Hormel Foods Corporation
Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. The company operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chilies, shelf-stable microwaveable meals, hashes, stews, tortillas, salsas, tortilla chips, and others. The company also engages in the processing, marketing, and sale of branded and unbranded pork, beef, poultry, and turkey products, as well as offers nutritional food products and supplements, desserts and drink mixes, and industrial gelatin products. It sells its products primarily under the SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Herdez, Wholly, Columbus, Planters, NUT-rition, Planters Cheez Balls, Corn Nuts, etc. brand names through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.92B | 12.11B | 12.46B | 11.39B | 9.61B | 9.50B | 9.55B | 9.17B | 9.52B | 9.26B | 9.32B | 8.75B | 8.23B | 7.90B | 7.22B | 6.53B | 6.75B | 6.19B | 5.75B | 5.41B | 4.78B | 4.20B | 3.91B | 4.12B | 3.68B | 3.36B | 3.26B | 3.26B | 3.10B | 3.05B | 3.06B | 2.85B | 2.81B | 2.84B | 2.68B | 2.34B | 2.29B | 2.31B | 1.96B | 1.50B |
| Cost of Revenue | 9.90B | 10.11B | 10.29B | 9.46B | 7.78B | 7.61B | 7.55B | 7.16B | 7.37B | 7.46B | 7.75B | 7.34B | 6.90B | 6.56B | 5.98B | 5.43B | 5.23B | 4.78B | 4.36B | 4.13B | 3.66B | 3.19B | 2.95B | 2.99B | 2.61B | 2.32B | 2.34B | 2.44B | 2.36B | 2.26B | 2.31B | 2.17B | 2.16B | 2.24B | 2.12B | 1.82B | 1.82B | 1.90B | 1.58B | 1.16B |
| Gross Profit | 2.02B | 2.00B | 2.16B | 1.93B | 1.83B | 1.88B | 2.00B | 2.00B | 2.16B | 1.81B | 1.56B | 1.41B | 1.33B | 1.33B | 1.24B | 1.10B | 1.52B | 1.41B | 1.38B | 1.28B | 1.12B | 1.01B | 962.85M | 1.13B | 1.07B | 1.04B | 920.90M | 811.80M | 743.10M | 789.10M | 755.90M | 679.30M | 655.80M | 597.80M | 561.70M | 522.50M | 477.50M | 412.00M | 376.20M | 345.20M |
| Gross Profit Ratio | 16.96% | 16.51% | 17.37% | 16.93% | 19.00% | 19.84% | 20.90% | 21.85% | 22.66% | 19.52% | 16.80% | 16.14% | 16.18% | 16.90% | 17.16% | 16.82% | 22.53% | 22.84% | 24.07% | 23.69% | 23.45% | 24.12% | 24.62% | 27.52% | 29.01% | 31.06% | 28.24% | 24.93% | 23.98% | 25.90% | 24.66% | 23.80% | 23.31% | 21.08% | 20.95% | 22.32% | 20.83% | 17.80% | 19.19% | 22.98% |
| Research & Development | 0.00 | 33.70M | 34.70M | 33.60M | 31.90M | 32.50M | 33.80M | 34.20M | 34.70M | 32.00M | 29.90M | 29.90M | 29.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 748.37M | 721.97M | 714.57M | 637.72M | 596.48M | 686.71M | 626.50M | 667.87M | 598.31M | 536.55M | 537.44M | 502.47M | 0.00 | 0.00 | 0.00 | 178.03M | 162.48M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 160.10M | 157.30M | 138.50M | 123.60M | 131.10M | 151.50M | 135.60M | 204.10M | 145.30M | 114.40M | 89.90M | 103.40M | 0.00 | 0.00 | 0.00 | 834.29M | 771.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.01B | 908.47M | 879.27M | 853.07M | 761.32M | 727.58M | 838.21M | 762.10M | 871.97M | 743.61M | 650.95M | 627.34M | 605.87M | 618.59M | 605.29M | 567.09M | 1.01B | 934.08M | 937.03M | 864.03M | 768.18M | 708.63M | 652.34M | 834.47M | 737.65M | 737.20M | 677.20M | 590.70M | 578.80M | 568.50M | 532.20M | 491.70M | 475.00M | 429.50M | 407.30M | 377.10M | 344.50M | 291.60M | 271.30M | 237.00M |
| Other Expenses | -51.09M | -14.37M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -26.76M | 0.00 | 0.00 | 0.00 | 0.00 | -4.55M | 9.99B | -24.52M | -5.89M | -7.74M | 0.00 | 65.89M | 64.70M | 60.30M | 52.90M | 42.70M | 37.20M | 36.60M | 32.20M | 34.30M | 34.70M | 34.30M | 35.70M | 34.30M | 32.50M | 30.70M | 28.10M |
| Operating Expenses | 959.76M | 927.80M | 879.27M | 853.07M | 761.32M | 727.58M | 838.21M | 762.10M | 871.97M | 743.61M | 650.95M | 627.34M | 605.87M | 591.83M | 605.29M | 567.09M | 1.01B | 934.08M | 932.48M | 10.86B | 743.66M | 702.74M | 644.60M | 834.47M | 803.54M | 801.90M | 737.50M | 643.60M | 621.50M | 605.70M | 568.80M | 523.90M | 509.30M | 464.20M | 441.60M | 412.80M | 378.80M | 324.10M | 302.00M | 265.10M |
| Cost & Expenses | 10.85B | 11.04B | 11.17B | 10.31B | 8.54B | 8.34B | 8.39B | 7.93B | 8.24B | 8.20B | 8.40B | 7.97B | 7.50B | 7.15B | 6.59B | 6.00B | 6.25B | 5.71B | 5.29B | 14.99B | 4.40B | 3.89B | 3.59B | 3.82B | 3.41B | 3.12B | 3.08B | 3.09B | 2.98B | 2.86B | 2.88B | 2.70B | 2.67B | 2.70B | 2.56B | 2.23B | 2.19B | 2.23B | 1.89B | 1.42B |
| Interest Income | 48.40M | 14.83M | 28.01M | 46.88M | 35.60M | 31.52M | 8.86M | 10.86M | 6.19M | 2.93M | 3.24M | 4.97M | 6.52M | 0.00 | 4.57M | 19.56M | 0.00 | 13.62M | 0.00 | 8.53M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 80.89M | 73.40M | 62.52M | 43.31M | 21.07M | 18.07M | 26.49M | 12.68M | 12.87M | 13.11M | 12.70M | 12.45M | 12.86M | 23.45M | 26.59M | 28.00M | 56.13M | 27.71M | 20.17M | 27.74M | 0.00 | 21.08M | 24.28M | 15.29M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 114.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.50M | 0.00 | 5.40M |
| Depreciation & Amortization | 257.76M | 253.31M | 262.75M | 228.41M | 205.78M | 165.21M | 161.86M | 130.98M | 131.97M | 133.43M | 130.04M | 124.85M | 119.49M | 124.17M | 125.59M | 127.14M | 126.19M | 126.74M | 121.10M | 115.19M | 94.75M | 88.02M | 83.24M | 90.19M | 65.89M | 64.70M | 60.30M | 52.90M | 42.70M | 37.20M | 36.60M | 32.20M | 34.30M | 34.70M | 34.30M | 35.70M | 34.30M | 32.50M | 30.70M | 28.10M |
| EBITDA | 1.36B | 1.31B | 1.60B | 1.40B | 1.34B | 1.39B | 1.30B | 1.37B | 1.42B | 1.21B | 1.06B | 935.81M | 890.69M | 866.45M | 776.73M | 680.12M | 639.85M | 624.28M | 577.28M | 551.79M | 475.12M | 398.43M | 401.49M | 390.50M | 330.96M | 305.60M | 243.70M | 221.10M | 164.30M | 220.60M | 223.70M | 187.60M | 180.80M | 168.30M | 154.40M | 145.40M | 133.00M | 120.40M | 104.90M | 108.20M |
| EBITDA Ratio | 11.38% | 10.83% | 12.87% | 12.28% | 13.96% | 14.67% | 14.53% | 15.52% | 15.36% | 13.23% | 11.43% | 10.69% | 10.82% | 10.97% | 10.94% | 10.43% | 9.47% | 10.08% | 9.95% | -174.75% | 9.50% | 9.49% | 10.27% | 9.47% | 8.93% | 8.89% | 6.02% | 6.24% | 5.13% | 6.82% | 7.09% | 6.32% | 6.13% | 5.69% | 5.59% | 6.01% | 5.57% | 5.13% | 5.12% | 7.00% |
| Operating Income | 1.07B | 1.07B | 1.31B | 1.12B | 1.10B | 1.20B | 1.20B | 1.28B | 1.32B | 1.07B | 931.62M | 805.99M | 764.67M | 742.28M | 646.58M | 533.41M | 513.66M | 483.92M | 450.71M | 424.10M | 377.34M | 310.41M | 318.25M | 300.31M | 262.61M | 240.90M | 183.40M | 168.20M | 121.60M | 183.40M | 187.10M | 155.40M | 146.50M | 133.60M | 120.10M | 109.70M | 98.70M | 87.90M | 74.20M | 80.10M |
| Operating Income Ratio | 8.96% | 8.85% | 10.54% | 9.86% | 11.45% | 12.60% | 12.56% | 13.97% | 13.90% | 11.52% | 10.00% | 9.21% | 9.29% | 9.40% | 8.95% | 8.16% | 7.60% | 7.81% | 7.84% | 7.83% | 7.89% | 7.39% | 8.14% | 7.28% | 7.15% | 7.17% | 5.62% | 5.16% | 3.92% | 6.02% | 6.10% | 5.44% | 5.21% | 4.71% | 4.48% | 4.69% | 4.30% | 3.80% | 3.79% | 5.33% |
| Total Other Income/Expenses | -32.50M | -58.57M | -34.50M | 3.57M | 14.53M | 13.45M | -17.64M | 1.90M | -6.68M | -10.18M | -9.47M | -7.48M | 32.35M | 13.36M | -34.06M | -11.60M | -56.13M | -27.41M | -19.31M | -19.21M | -12.78M | -21.08M | -24.28M | -18.79M | -689.00K | 10.50M | 33.90M | 2.70M | 3.90M | 11.20M | 4.00M | 5.80M | 4.60M | 4.30M | 1.20M | 1.10M | -3.30M | -8.10M | -3.30M | -8.40M |
| Income Before Tax | 1.04B | 1.01B | 1.28B | 1.13B | 1.11B | 1.21B | 1.18B | 1.28B | 1.32B | 1.06B | 922.15M | 798.51M | 758.34M | 718.84M | 624.55M | 524.98M | 457.54M | 469.84M | 430.54M | 404.89M | 364.57M | 289.33M | 293.97M | 285.01M | 264.38M | 251.40M | 217.30M | 170.90M | 125.50M | 194.60M | 191.10M | 161.20M | 151.10M | 137.90M | 121.30M | 110.80M | 95.40M | 79.80M | 70.90M | 71.70M |
| Income Before Tax Ratio | 8.69% | 8.37% | 10.26% | 9.89% | 11.60% | 12.74% | 12.38% | 13.95% | 13.83% | 11.41% | 9.90% | 9.12% | 9.21% | 9.10% | 8.65% | 8.04% | 6.77% | 7.59% | 7.49% | 7.48% | 7.63% | 6.89% | 7.52% | 6.91% | 7.19% | 7.49% | 6.66% | 5.25% | 4.05% | 6.39% | 6.24% | 5.65% | 5.37% | 4.86% | 4.52% | 4.73% | 4.16% | 3.45% | 3.62% | 4.77% |
| Income Tax Expense | 230.80M | 220.55M | 277.88M | 217.03M | 206.39M | 230.57M | 168.70M | 431.54M | 426.70M | 369.88M | 316.13M | 268.43M | 253.37M | 239.64M | 224.78M | 182.17M | 172.04M | 167.95M | 144.40M | 151.43M | 132.90M | 103.55M | 104.65M | 102.57M | 94.16M | 88.00M | 78.00M | 61.40M | 46.10M | 74.20M | 73.10M | 60.40M | 55.90M | 51.50M | 44.20M | 40.70M | 35.20M | 33.90M | 31.80M | 33.10M |
| Net Income | 805.04M | 793.57M | 999.99M | 908.84M | 908.08M | 978.81M | 1.01B | 846.74M | 890.05M | 686.09M | 602.68M | 526.21M | 500.05M | 474.20M | 395.59M | 342.81M | 285.50M | 301.89M | 286.14M | 253.46M | 231.66M | 185.78M | 189.32M | 182.44M | 170.22M | 163.40M | 139.30M | 109.50M | 79.40M | 120.40M | 118.00M | -26.70M | 95.20M | 86.40M | 77.10M | 70.10M | 60.20M | 45.90M | 39.10M | 38.60M |
| Net Income Ratio | 6.75% | 6.55% | 8.03% | 7.98% | 9.45% | 10.31% | 10.60% | 9.24% | 9.35% | 7.41% | 6.47% | 6.01% | 6.08% | 6.01% | 5.48% | 5.25% | 4.23% | 4.87% | 4.98% | 4.68% | 4.85% | 4.42% | 4.84% | 4.42% | 4.63% | 4.87% | 4.27% | 3.36% | 2.56% | 3.95% | 3.85% | -0.94% | 3.38% | 3.05% | 2.88% | 3.00% | 2.63% | 1.98% | 1.99% | 2.57% |
| EPS | 1.47 | 1.45 | 1.84 | 1.68 | 1.69 | 1.83 | 1.91 | 1.60 | 1.68 | 1.30 | 1.14 | 1.00 | 0.95 | 0.89 | 0.74 | 0.64 | 0.53 | 0.55 | 0.52 | 0.46 | 0.42 | 0.34 | 0.34 | 0.33 | 0.30 | 0.28 | 0.23 | 0.18 | 0.13 | 0.20 | 0.19 | -0.04 | 0.16 | 0.14 | 0.13 | 0.12 | 0.10 | 0.08 | 0.07 | 0.07 |
| EPS Diluted | 1.47 | 1.45 | 1.82 | 1.66 | 1.66 | 1.80 | 1.86 | 1.57 | 1.64 | 1.27 | 1.12 | 0.98 | 0.93 | 0.87 | 0.73 | 0.63 | 0.52 | 0.54 | 0.51 | 0.46 | 0.42 | 0.33 | 0.34 | 0.33 | 0.30 | 0.28 | 0.23 | 0.18 | 0.13 | 0.20 | 0.19 | -0.04 | 0.16 | 0.14 | 0.13 | 0.12 | 0.10 | 0.08 | 0.07 | 0.07 |
| Weighted Avg Shares Out | 548.13M | 546.42M | 544.92M | 541.11M | 538.01M | 534.58M | 530.74M | 528.36M | 529.29M | 528.14M | 527.62M | 528.63M | 526.93M | 532.79M | 533.46M | 536.91M | 541.44M | 548.86M | 551.38M | 552.16M | 554.38M | 553.76M | 554.82M | 552.85M | 562.70M | 583.57M | 599.14M | 608.33M | 610.77M | 609.62M | 612.99M | 628.24M | 614.19M | 606.32M | 604.71M | 609.57M | 602.00M | 612.00M | 601.54M | 593.85M |
| Weighted Avg Shares Out (Dil) | 548.83M | 548.98M | 549.57M | 547.58M | 546.59M | 545.23M | 543.87M | 539.12M | 542.47M | 541.00M | 540.43M | 540.45M | 537.78M | 543.83M | 541.40M | 541.96M | 548.51M | 556.60M | 558.24M | 558.31M | 560.72M | 558.84M | 561.17M | 561.36M | 567.39M | 588.83M | 602.38M | 608.33M | 610.77M | 609.62M | 612.99M | 628.24M | 614.19M | 617.14M | 616.80M | 609.57M | 602.00M | 612.00M | 601.54M | 593.85M |
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Source: https://incomestatements.info
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