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NYSE · Consumer Staples

Hormel Foods Corp. (HRL)

As-reported financials and SEC filings for Hormel Foods Corp. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Hormel Foods Corp.

Hormel Foods Corporation processes, markets, and sells a variety of meat, nuts, and other food products. It operates through three segments: Retail, serving grocery and mass merchandisers in the U.S.; Foodservice, supplying distributors and operators like restaurants and healthcare providers; and International, distributing products globally through retail and foodservice channels. The company serves customers in the United States and multiple international markets, including Australia, Brazil, China, and Mexico.

Snapshot

Revenue
$12.11B
Revenue growth (YoY)
1.6%
Net income
$478.2M
Diluted EPS
$0.87
Gross margin
15.6%
Operating margin
5.9%
Net margin
4.0%
FCF margin
4.4%
ROE
6.0%
net income / fiscal-year-end equity
P/E
33.8×
trailing when available, otherwise FY EPS
Market cap
$11.53B
Long-term debt / equity
0.36×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended October 26, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Hormel Foods

  • Revenue grew 1.6% to $12.1B in FY2025, after a 1.6% decline the year before.
  • Operating margin is 5.9% in FY2025, -3.9 pp against 9.9% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $3.0B, down 2.4% from Q3 FY2025.
  • Free cash flow was $534M in FY2025, 4.4% of revenue.
  • Net income fell 40.6% to $478M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Hormel Foods’s fundamentals sit among the 131 Consumer Staples companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin15.6%
14th percentile of 113
Operating margin5.9%
60th percentile of 117
Net margin4.0%
58th percentile of 121
FCF margin4.4%
50th percentile of 114
Revenue growth (YoY)+1.6%
40th percentile of 127
ROE6.0%
48th percentile of 114
P/E33.8×
76th percentile of 77
Long-term debt / equity0.36×
42nd percentile of 82
Short interest3.44d
39th percentile of 129

Hormel Foods’s gross margin of 15.6% ranks in the 14th percentile of the 113 Consumer Staples companies reporting it.

1 reported insider purchase (code P) totaling $201,000 in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+5 quant / multi-strat
Initiated / added
5
0 new, 5 added
Reduced / exited
4
2 trimmed, 2 exited
Combined position
$473.7M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$305.9M12.3MAdded
Gates Foundation TrustQ2 2026$51.8M2.1MHeld
Millennium ManagementquantQ2 2026$34.0M1.4MReduced
AQR Capital ManagementquantQ2 2026$25.9M1.0MAdded
Citadel AdvisorsquantQ2 2026$22.6M911.8KReduced
Gotham Asset ManagementQ2 2026$20.1M810.4KAdded
D. E. ShawquantQ2 2026$12.2M492.2KAdded
Bridgewater AssociatesQ2 2026$1.0M42.2KAdded

No longer held by: Maverick Capital (as of Q2 2026), Point72 Asset Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$201K
code P value
Sells (90d)
0
—
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-10-05
filed 2026-10-06
William A. NewlandsDirectorBuy10.0K$20.10$201K
2026-07-08
filed 2026-07-10
Gary C. BhojwaniDirectorSell20.2K$24.51$495K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
22.2M
settled 2026-10-15
Change vs prior
-2.6%
vs previous settlement
Days to cover
3.44
at avg daily volume
Avg daily volume
6.5M
FINRA reported
SettlementShares shortChangeDays to cover
2026-10-1522.2M-2.6%3.44
2026-09-3022.8M+9.4%4.67
2026-09-1520.8M+0.4%4.69
2026-08-3120.7M+21.1%3.06
2026-08-1417.1M-10.9%5.88
2026-07-3119.2M-5.2%5.32
2026-07-1520.3M+2.0%5.00
2026-06-3019.9M-6.2%4.14

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$12.11B$11.92B$12.11B$12.46B$11.39B
Gross profit
Operating income$718.6M$1.07B$1.07B$1.31B$1.12B
Pre-tax income$663.4M$1.04B$1.01B$1.28B$1.13B
Net income$478.2M$805.0M$793.6M$1000.0M$908.8M
Diluted EPS$0.87$1.47$1.45$1.82$1.66

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$670.7M$741.9M$736.5M$982.1M$613.5M
Current assets$3.41B$3.25B$3.30B$3.64B$2.95B
Total assets$13.39B$13.43B$13.45B$13.31B$12.70B
Current liabilities$1.38B$1.40B$2.31B$1.47B$1.42B
Long-term debt$2.85B$2.85B$2.36B$3.29B$3.32B
Total liabilities
Total equity$7.92B$8.00B$7.74B$7.54B$6.98B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$845.3M$1.27B$1.05B$1.13B$1.00B
Capital expenditure$310.9M$256.4M$270.2M$278.9M$232.4M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$2.96B-2.4%$59.6M$0.11
Q2 FY2026$2.97B2.5%$157.5M$0.29
Q1 FY2026$3.03B1.3%$181.8M$0.33
Q4 FY20251.5%
Q3 FY2025$3.03B4.6%$183.7M$0.33
Q2 FY2025$2.90B0.4%$180.0M$0.33
Q1 FY2025$2.99B-0.3%$170.6M$0.31
Q4 FY2024-1.9%

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorConsumer Staples
SIC industryMeat Packing Plants
Latest annual periodFY2025 (ended October 26, 2025)
Latest reported quarterQ3 FY2026 (ended July 26, 2026)
Oldest indexed filing2016
SEC CIK48465

Selected SEC filings

10-Q2026-08-27
View on EDGAR →
10-Q2026-05-28
View on EDGAR →
10-Q2026-02-26
View on EDGAR →
8-K2026-10-23
View on EDGAR →
8-K2026-09-30
View on EDGAR →
8-K2026-08-27
View on EDGAR →
8-K2026-08-24
View on EDGAR →

Largest Consumer Staples peers

All Consumer Staples companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.