Hormel Foods Corporation (HRL)

Hormel Foods Income Statement

Financials in millions USD. Fiscal year is November - October.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 26, 2025	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021
Revenue	12,106	11,921	12,110	12,459	11,386
Revenue Growth (YoY)	1.55%	-1.56%	-2.80%	9.42%	18.50%
Cost of Revenue	10,205	9,893	10,110	10,294	9,445
Gross Profit	1,901	2,028	2,000	2,165	1,941
Selling, General & Admin	905.34	896.91	908.47	844.57	789.17
Research & Development	35.2	36.1	33.7	34.7	33.6
Operating Expenses	940.54	933.01	942.17	879.27	822.77
Operating Income	960.66	1,095	1,058	1,285	1,118
Interest Expense	-78.04	-80.89	-73.4	-62.52	-43.31
Interest & Investment Income	24.23	40.17	23.5	28.01	46.88
Earnings From Equity Investments	-105.84	51.09	42.75	27.19	47.76
Other Non Operating Income (Expenses)	-1.34	8.22	-8.67	-	-
EBT Excluding Unusual Items	799.66	1,113	1,042	1,278	1,169
Merger & Restructuring Charges	-64.9	-53.01	-	-	-43.2
Gain (Loss) on Sale of Assets	-11.32	3.92	-	-	-
Asset Writedown	-70.75	-	-28.38	-	-
Legal Settlements	10.76	-28.75	-	-	-
Pretax Income	663.45	1,035	1,013	1,278	1,126
Income Tax Expense	185.68	230.8	220.55	277.88	217.03
Earnings From Continuing Operations	477.76	804.63	792.92	1,000	909.14
Minority Interest in Earnings	0.43	0.41	0.65	-0.24	-0.3
Net Income	478.2	805.04	793.57	999.99	908.84
Net Income to Common	478.2	805.04	793.57	999.99	908.84
Net Income Growth	-40.60%	1.44%	-20.64%	10.03%	0.08%
Shares Outstanding (Basic)	550	548	546	545	541
Shares Outstanding (Diluted)	550	549	549	550	548
Shares Change (YoY)	0.30%	-0.03%	-0.11%	0.36%	0.18%
EPS (Basic)	0.87	1.47	1.45	1.84	1.68
EPS (Diluted)	0.87	1.47	1.45	1.82	1.66
EPS Growth	-40.82%	1.29%	-20.33%	9.64%	-
Free Cash Flow	534.35	1,010	777.64	856.06	769.52
Free Cash Flow Per Share	0.97	1.84	1.42	1.56	1.41
Dividend Per Share	1.160	1.130	1.100	1.040	0.980
Dividend Growth	2.66%	2.73%	5.77%	6.12%	5.38%
Gross Margin	15.70%	17.01%	16.51%	17.38%	17.04%
Operating Margin	7.94%	9.18%	8.73%	10.32%	9.82%
Profit Margin	3.95%	6.75%	6.55%	8.03%	7.98%
Free Cash Flow Margin	4.41%	8.48%	6.42%	6.87%	6.76%
EBITDA	1,225	1,352	1,311	1,521	1,327
EBITDA Margin	10.12%	11.34%	10.83%	12.21%	11.66%
D&A For EBITDA	263.9	257.76	253.31	235.89	209.31
EBIT	960.66	1,095	1,058	1,285	1,118
EBIT Margin	7.94%	9.18%	8.73%	10.32%	9.82%
Effective Tax Rate	27.99%	22.29%	21.76%	21.74%	19.27%
Advertising Expenses	147.9	163.3	160.1	157.3	138.5

Updated Dec 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q