Hormel Foods Corporation (HRL) Stock Analysis
Consumer Defensive · Packaged Foods · NYSE
Hormel Foods Corporation (HRL) posted $12.11B in revenue for fiscal 2025 (up 1.6% year over year), at a 4.0% net margin, and has compounded revenue about 4.7%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Hormel Foods Corporation
Hormel Foods Corporation has grown revenue from $9.52B to $12.11B over the last 10 fiscal years, compounding about 4.7% a year. The most recent year was up 1.6%, so growth has cooled from its longer-run pace.
Net margin sits at 4%, down 2.8 points year over year on a 15.6% gross margin. It carries about $2.85B of total debt.
The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Hormel Foods Corporation's SEC filings — descriptive, not advice. Ask the analyst your own question →
Hormel Foods Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $890.05M | $846.74M | $1.01B | $978.81M | $908.08M | $908.84M | $999.99M | $793.57M | $805.04M | $478.20M |
| Net margin | 9.3% | 9.2% | 10.6% | 10.3% | 9.5% | 8.0% | 8.0% | 6.6% | 6.8% | 4.0% |
Source: Hormel Foods Corporation SEC filings (10-K). 18 years of history available in the interactive view.
Hormel Foods Corporation: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 8.0% to 4.0% over ~3 years — profitability is compressing.
Explore 18 years of Hormel Foods Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Hormel Foods Corporation financial history by metric
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About Hormel Foods Corporation
Hormel Foods Corporation develops, processes, and distributes various meat, nut, and other food products to foodservice, convenience stores, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International. The company provides perishable products, including fresh meats, frozen items, refrigerated meal solutions, bacon, sausages, hams, guacamole, and other items that require refrigeration, as well as shelf-stable products, such as canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, and other items that do not require refrigeration. It sells its products under the HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BURKE, CAFÉ H, CERATTI, CHI-CHI'S, COLUMBUS, COMPLEATS, CORN NUTS, CURE 81, DAN'S PRIZE, DI LUSSO, DINTY MOORE, DON MIGUEL, DOÑA MARIA, EMBASA, FAST N EASY, FIRE BRAISED, FONTANINI, HERDEZ, HORMEL GATHERINGS, HOUSE OF TSANG, JENNIE-O, JUSTIN'S, LA VICTORIA, LAYOUT, LLOYD'S, MARY KITCHEN, MR. PEANUT, NATURAL CHOICE, NUT-RITION, OLD SMOKEHOUSE, OVEN READY, PILLOW PACK, PLANTERS, ROSA GRANDE, SADLER'S SMOKEHOUSE, SKIPPY, SPAM, SQUARE TABLE, SPECIAL RECIPE, VALLEY FRESH, and WHOLLY brands 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.
Hormel Foods Corporation — frequently asked questions
What is Hormel Foods Corporation's revenue?
Hormel Foods Corporation (HRL) reported revenue of $12.11B for fiscal year 2025, up 1.6% from the prior year, according to its SEC filings.
Is Hormel Foods Corporation profitable?
Yes. HRL earned net income of $478.20M in fiscal 2025, a net margin of 4.0%.
What is HRL's P/E ratio?
Hormel Foods Corporation trades at a price-to-earnings ratio of about 29.4 based on the latest data in our nightly-refreshed cache.
How fast is Hormel Foods Corporation growing?
HRL's revenue grew at roughly 4.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Hormel Foods Corporation have?
As of fiscal year 2025, HRL carried roughly $2.85B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Hormel Foods Corporation's gross margin?
HRL's gross margin was 15.6% in fiscal 2025 — gross profit of $1.89B on revenue of $12.11B.
What is Hormel Foods Corporation's market cap?
Hormel Foods Corporation (HRL) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does Hormel Foods Corporation's fiscal year end?
HRL's fiscal year ends in October. Its most recent annual filing covers the fiscal year ending 2025-10-26.
Where does this data come from?
All figures are computed from Hormel Foods Corporation's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.