Hormel Foods Corporation logo

Hormel Foods Corporation

HRL

NYSEConsumer DefensivePackaged Foods

Regular session

$23.925

+$0.045 · +0.19%

Aug 24, 1:41 PM ET

HRL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

46

Fair Value

Momentum

46

Neutral

Sentiment

63

Bullish

Risk resilience

64

Moderate Risk

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Company profile

Company website

Hormel Foods Corporation is a prominent global food company that specializes in the creation, preparation, and supply of a diverse array of meat, nut, and other culinary items. Its extensive clientele spans retail outlets, institutional food providers (foodservice), specialty delis, and various commercial enterprises across the United States and internationally. The company's operations are strategically structured into four main divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. Hormel's product portfolio is broad, encompassing numerous perishable goods such as fresh meats, frozen food selections, convenient refrigerated meal options, a variety of sausages, hams, guacamole, and bacon. Additionally, it offers a wide range of non-perishable items, including canned luncheon meats, various nut butters, snack nuts, chili, microwave-ready meals, hashes, stews, tortillas, salsas, and tortilla chips. Beyond these offerings, Hormel Foods is also actively involved in the processing, promotion, and distribution of both branded and unbranded products derived from pork, beef, poultry, and turkey. The company further supplies nutritional food items and supplements, dessert and beverage mixes, and industrial-grade gelatin. Its extensive product line is marketed under numerous widely recognized brand names, including SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Wholly, Planters, NUT-rition, Planters Cheez Balls, and Corn Nuts. These products reach consumers through a multi-channel distribution network, utilizing internal sales teams, independent brokers, and various distributors. Founded in 1891 as Geo. A. Hormel & Company, the organization was officially rebranded as Hormel Foods Corporation in January 1995. Its corporate headquarters are located in Austin, Minnesota.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
US
CEO
Jeffrey Ettinger
Listed since
Mar 17, 1980
Employees
20,000

Market position

Day range

Current $23.925

52-week range

Current $23.925

Open
$24.10
Previous close
$23.88
Volume
1.45M
0.31× average
Average volume
4.74M
Average daily volume
Market cap
13.17B USD
Beta
0.33
Market reference 1
50-day average
$24.9132
-3.97% below average
200-day average
$23.4265
+2.13% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
15.25B USD
P/E (TTM)
28.15×
P/B (TTM)
1.66×
P/S (TTM)
1.08×
EV / EBITDA
15.17×
Earnings yield
3.66%
Free cash flow yield
4.09%
Dividend yield
4.88%

Profitability & efficiency

Gross margin
15.72%
Operating margin
5.75%
Net margin
3.82%
Return on equity
6.05%
Return on assets
3.57%
Return on invested capital
4.31%

Financial health

Debt / equity
0.36×
Current ratio
2.47×
Altman Z-score
3.51
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends19%13%8%3%Gross margin, FY2021: 16.93%Gross margin, FY2022: 17.37%Gross margin, FY2023: 16.51%Gross margin, FY2024: 16.96%Gross margin, FY2025: 15.63%Operating margin, FY2021: 9.86%Operating margin, FY2022: 10.54%Operating margin, FY2023: 8.85%Operating margin, FY2024: 8.96%Operating margin, FY2025: 5.94%Net margin, FY2021: 7.98%Net margin, FY2022: 8.03%Net margin, FY2023: 6.55%Net margin, FY2024: 6.75%Net margin, FY2025: 3.95%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 16.93%. Gross margin FY2022 17.37%. Gross margin FY2023 16.51%. Gross margin FY2024 16.96%. Gross margin FY2025 15.63%. Operating margin FY2021 9.86%. Operating margin FY2022 10.54%. Operating margin FY2023 8.85%. Operating margin FY2024 8.96%. Operating margin FY2025 5.94%. Net margin FY2021 7.98%. Net margin FY2022 8.03%. Net margin FY2023 6.55%. Net margin FY2024 6.75%. Net margin FY2025 3.95%.

Income trends

Revenue

12.11B USD+1.55%

Operating income

718.6M USD-32.71%

Net income

478.2M USD-40.60%
Income trends across reported periods13.66B USD8.86B USD4.07B USD−719.86M USDRevenue, FY2021: 11.39B USDRevenue, FY2022: 12.46B USDRevenue, FY2023: 12.11B USDRevenue, FY2024: 11.92B USDRevenue, FY2025: 12.11B USDOperating income, FY2021: 1.12B USDOperating income, FY2022: 1.31B USDOperating income, FY2023: 1.07B USDOperating income, FY2024: 1.07B USDOperating income, FY2025: 718.6M USDNet income, FY2021: 908.84M USDNet income, FY2022: 999.99M USDNet income, FY2023: 793.57M USDNet income, FY2024: 805.04M USDNet income, FY2025: 478.2M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 11.39B USD. Revenue FY2022 12.46B USD. Revenue FY2023 12.11B USD. Revenue FY2024 11.92B USD. Revenue FY2025 12.11B USD. Operating income FY2021 1.12B USD. Operating income FY2022 1.31B USD. Operating income FY2023 1.07B USD. Operating income FY2024 1.07B USD. Operating income FY2025 718.6M USD. Net income FY2021 908.84M USD. Net income FY2022 999.99M USD. Net income FY2023 793.57M USD. Net income FY2024 805.04M USD. Net income FY2025 478.2M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue12.11B USD11.92B USD12.11B USD12.46B USD11.39B USD
Cost of goods sold10.21B USD9.9B USD10.11B USD10.29B USD9.46B USD
Gross profit1.89B USD2.02B USD2B USD2.16B USD1.93B USD
Selling, general, and administrative996.62M USD1.01B USD942.17M USD879.27M USD853.07M USD
Operating expenses1.17B USD954.21M USD927.8M USD852.08M USD805.31M USD
Interest income24.23M USD48.4M USD14.83M USD28.01M USD46.88M USD
Interest expense78.04M USD80.89M USD73.4M USD62.52M USD43.31M USD
Depreciation and amortization263.9M USD257.76M USD253.31M USD235.89M USD209.31M USD
Operating income718.6M USD1.07B USD1.07B USD1.31B USD1.12B USD
Net income478.2M USD805.04M USD793.57M USD999.99M USD908.84M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+3.04%
11 comparable reports
Latest EPS result
0.4
Estimate 0.35 · Beat by 12.87%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.470.40.330.26Q4 '24MissQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 4, 2024: actual 0.42, estimate 0.43, surprise -2.33%, Miss. Q1 2025, reported Feb 27, 2025: actual 0.35, estimate 0.376, surprise -7.01%, Miss. Q2 2025, reported May 29, 2025: actual 0.35, estimate 0.342, surprise +2.43%, Beat. Q3 2025, reported Aug 28, 2025: actual 0.35, estimate 0.402, surprise -12.83%, Miss. Q4 2025, reported Dec 4, 2025: actual 0.32, estimate 0.302, surprise +6.07%, Beat. Q1 2026, reported Feb 26, 2026: actual 0.34, estimate 0.32, surprise +6.25%, Beat. Q2 2026, reported May 28, 2026: actual 0.4, estimate 0.354, surprise +12.87%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate 0.354, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.35B3.16B2.96B2.77BQ4 '24MissQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 4, 2024: actual 3.14B USD, estimate 3.14B USD, surprise -0.14%, Miss. Q1 2025, reported Feb 27, 2025: actual 2.99B USD, estimate 2.95B USD, surprise +1.43%, Beat. Q2 2025, reported May 29, 2025: actual 2.9B USD, estimate 2.9B USD, surprise -0.16%, Miss. Q3 2025, reported Aug 28, 2025: actual 3.03B USD, estimate 2.98B USD, surprise +1.63%, Beat. Q4 2025, reported Dec 4, 2025: actual 3.19B USD, estimate 3.22B USD, surprise -1.18%, Miss. Q1 2026, reported Feb 26, 2026: actual 3.03B USD, estimate 3.07B USD, surprise -1.30%, Miss. Q2 2026, reported May 28, 2026: actual 2.97B USD, estimate 2.96B USD, surprise +0.32%, Beat. Q3 2026, reported Aug 27, 2026: actual —, estimate 3.03B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$24.33

1.69% upside
Past 12 months12-month forecastHigh $26.00Average $24.33Low $22.00

Rating distribution

30 ratings
Strong buy00%
Buy620%
Hold1757%
Sell723%
Strong sell00%

Recent analyst actions

8 institutions
BNP ParibasmaintainNeutral

HRL news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.16

2025 complete year+18.4% since 2021

2026 partial: $0.8775

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 13, 2026

$0.2925

Quarterly

Record Jul 13, 2026 · Payment Aug 17, 2026

Dividend

Ex-dividend Apr 13, 2026

$0.2925

Quarterly

Record Apr 13, 2026 · Payment May 15, 2026

Dividend

Ex-dividend Jan 12, 2026

$0.2925

Quarterly

Record Jan 12, 2026 · Payment Feb 17, 2026

Dividend

Ex-dividend Oct 14, 2025

$0.29

Quarterly

Record Oct 14, 2025 · Payment Nov 17, 2025

Dividend

Ex-dividend Jul 14, 2025

$0.29

Quarterly

Record Jul 14, 2025 · Payment Aug 15, 2025

Dividend

Ex-dividend Apr 14, 2025

$0.29

Quarterly

Record Apr 14, 2025 · Payment May 15, 2025

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