InsiderClue
Stocks · Consumer staples · Meat Packing Plants

Hormel Foods

HRL Clue Score30
United States Fiscal year ends October CIK 0000048465
$19.19 -1.18% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $19.19 −54.22% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue9.52Operating income1.32Net income0.89EPS, diluted1.64Fiscal year 2017Revenue9.17 −3.7%Operating income1.28Net income0.85 −4.9%EPS, diluted1.57 −4.3%Fiscal year 2018Revenue9.55 +4.1%Operating income1.18Net income1.01 +19.5%EPS, diluted1.86 +18.5%Fiscal year 2019Revenue9.50 −0.5%Operating income1.20Net income0.98 −3.3%EPS, diluted1.80 −3.2%Fiscal year 2020Revenue9.61 +1.2%Operating income1.10Net income0.91 −7.2%EPS, diluted1.66 −7.8%Fiscal year 2021Revenue11.39 +18.5%Operating income1.12Net income0.91 +0.1%EPS, diluted1.66 +0.0%Fiscal year 2022Revenue12.46 +9.4%Operating income1.31Net income1.00 +10.0%EPS, diluted1.82 +9.6%Fiscal year 2023Revenue12.11 −2.8%Operating income1.07Net income0.79 −20.6%EPS, diluted1.45 −20.3%Fiscal year 2024Revenue11.92 −1.6%Operating income1.07Net income0.81 +1.4%EPS, diluted1.47 +1.4%Fiscal year 2025Revenue12.11 +1.6%Operating income0.72Net income0.48 −40.6%EPS, diluted0.87 −40.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 9.52 9.17 9.55 9.50 9.61 11.39 12.46 12.11 11.92 12.11
Growth −3.7% +4.1% −0.5% +1.2% +18.5% +9.4% −2.8% −1.6% +1.6%
Operating income 1.32 1.28 1.18 1.20 1.10 1.12 1.31 1.07 1.07 0.72
Net income 0.89 0.85 1.01 0.98 0.91 0.91 1.00 0.79 0.81 0.48
Growth −4.9% +19.5% −3.3% −7.2% +0.1% +10.0% −20.6% +1.4% −40.6%
EPS, diluted 1.64 1.57 1.86 1.80 1.66 1.66 1.82 1.45 1.47 0.87
Growth −4.3% +18.5% −3.2% −7.8% +0.0% +9.6% −20.3% +1.4% −40.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin22.7%Operating margin13.9%Net margin9.3%Free cash flow margin8.2%Fiscal year 2017Gross margin21.8%Operating margin13.9%Net margin9.2%Free cash flow margin8.9%Fiscal year 2018Gross margin20.7%Operating margin12.4%Net margin10.6%Free cash flow margin8.9%Fiscal year 2019Gross margin19.8%Operating margin12.6%Net margin10.3%Free cash flow margin6.6%Fiscal year 2020Gross margin19.0%Operating margin11.5%Net margin9.5%Free cash flow margin7.9%Fiscal year 2021Gross margin16.9%Operating margin9.9%Net margin8.0%Free cash flow margin6.8%Fiscal year 2022Gross margin17.4%Operating margin10.5%Net margin8.0%Free cash flow margin6.9%Fiscal year 2023Gross margin16.5%Operating margin8.9%Net margin6.6%Free cash flow margin6.4%Fiscal year 2024Gross margin17.0%Operating margin9.0%Net margin6.8%Free cash flow margin8.5%Fiscal year 2025Gross margin15.6%Operating margin5.9%Net margin4.0%Free cash flow margin4.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 22.7% 21.8% 20.7% 19.8% 19.0% 16.9% 17.4% 16.5% 17.0% 15.6%
Operating margin 13.9% 13.9% 12.4% 12.6% 11.5% 9.9% 10.5% 8.9% 9.0% 5.9%
Net margin 9.3% 9.2% 10.6% 10.3% 9.5% 8.0% 8.0% 6.6% 6.8% 4.0%
Free cash flow margin 8.2% 8.9% 8.9% 6.6% 7.9% 6.8% 6.9% 6.4% 8.5% 4.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.04Capital expenditure−0.26Free cash flow0.78Buybacks−0.09Dividends paid−0.30Fiscal year 2017Operating cash flow1.03Capital expenditure−0.22Free cash flow0.81 +3.6%Buybacks−0.09Dividends paid−0.35Fiscal year 2018Operating cash flow1.24Capital expenditure−0.39Free cash flow0.85 +4.9%Buybacks−0.05Dividends paid−0.39Fiscal year 2019Operating cash flow0.92Capital expenditure−0.29Free cash flow0.63 −26.2%Buybacks−0.17Dividends paid−0.44Fiscal year 2020Operating cash flow1.13Capital expenditure−0.37Free cash flow0.76 +20.9%Buybacks−0.01Dividends paid−0.49Fiscal year 2021Operating cash flow1.00Capital expenditure−0.23Free cash flow0.77 +1.2%Buybacks−0.02Dividends paid−0.52Fiscal year 2022Operating cash flow1.13Capital expenditure−0.28Free cash flow0.86 +11.2%Buybacks0.00Dividends paid−0.56Fiscal year 2023Operating cash flow1.05Capital expenditure−0.27Free cash flow0.78 −9.2%Buybacks−0.01Dividends paid−0.59Fiscal year 2024Operating cash flow1.27Capital expenditure−0.26Free cash flow1.01 +29.9%Buybacks0.00Dividends paid−0.61Fiscal year 2025Operating cash flow0.85Capital expenditure−0.31Free cash flow0.53 −47.1%Buybacks0.00Dividends paid−0.63
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.04 1.03 1.24 0.92 1.13 1.00 1.13 1.05 1.27 0.85
Capital expenditure −0.26 −0.22 −0.39 −0.29 −0.37 −0.23 −0.28 −0.27 −0.26 −0.31
Free cash flow 0.78 0.81 0.85 0.63 0.76 0.77 0.86 0.78 1.01 0.53
Growth +3.6% +4.9% −26.2% +20.9% +1.2% +11.2% −9.2% +29.9% −47.1%
Buybacks −0.09 −0.09 −0.05 −0.17 −0.01 −0.02 0.00 −0.01 0.00 0.00
Dividends paid −0.30 −0.35 −0.39 −0.44 −0.49 −0.52 −0.56 −0.59 −0.61 −0.63

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.42Total debt0.25Net cash (debt)0.17Shareholders’ equity4.45Debt to equity0.06Fiscal year 2017Cash0.44Total debt0.25Net cash (debt)0.19Shareholders’ equity4.94Debt to equity0.05Fiscal year 2018Cash0.46Total debt0.62Net cash (debt)−0.17Shareholders’ equity5.60Debt to equity0.11Fiscal year 2019Cash0.67Total debt0.25Net cash (debt)0.42Shareholders’ equity5.92Debt to equity0.04Fiscal year 2020Cash1.71Total debt1.30Net cash (debt)0.41Shareholders’ equity6.43Debt to equity0.20Fiscal year 2021Cash0.61Total debt3.32Net cash (debt)−2.71Shareholders’ equity6.97Debt to equity0.48Fiscal year 2022Cash0.98Total debt3.30Net cash (debt)−2.32Shareholders’ equity7.54Debt to equity0.44Fiscal year 2023Cash0.74Total debt3.31Net cash (debt)−2.57Shareholders’ equity7.73Debt to equity0.43Fiscal year 2024Cash0.74Total debt2.86Net cash (debt)−2.12Shareholders’ equity7.99Debt to equity0.36Fiscal year 2025Cash0.67Total debt2.86Net cash (debt)−2.19Shareholders’ equity7.90Debt to equity0.36
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.42 0.44 0.46 0.67 1.71 0.61 0.98 0.74 0.74 0.67
Total debt 0.25 0.25 0.62 0.25 1.30 3.32 3.30 3.31 2.86 2.86
Net cash (debt) 0.17 0.19 −0.17 0.42 0.41 −2.71 −2.32 −2.57 −2.12 −2.19
Shareholders’ equity 4.45 4.94 5.60 5.92 6.43 6.97 7.54 7.73 7.99 7.90
Debt to equity 0.06 0.05 0.11 0.04 0.20 0.48 0.44 0.43 0.36 0.36

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending October, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 30 Oct 2016 FY2017 29 Oct 2017 FY2018 28 Oct 2018 FY2019 27 Oct 2019 FY2020 25 Oct 2020 FY2021 31 Oct 2021 FY2022 30 Oct 2022 FY2023 29 Oct 2023 FY2024 27 Oct 2024 FY2025 26 Oct 2025
Revenue and profit
9.52 9.17 9.55 9.50 9.61 11.39 12.46 12.11 11.92 12.11
Growth −3.7% +4.1% −0.5% +1.2% +18.5% +9.4% −2.8% −1.6% +1.6%
7.37 7.17 7.57 7.61 7.78 9.46 10.29 10.11 9.90 10.21
2.16 2.00 1.98 1.88 1.83 1.93 2.16 2.00 2.02 1.89
Growth −7.5% −0.9% −4.8% −3.1% +5.6% +12.3% −7.6% +1.1% −6.4%
0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.04
0.87 0.76 0.84 0.73 0.76 0.85 0.88 0.94 1.01 1.00
1.32 1.28 1.18 1.20 1.10 1.12 1.31 1.07 1.07 0.72
Growth −3.6% −7.6% +1.4% −8.0% +2.0% +16.9% −18.3% −0.4% −32.7%
1.32 1.28 1.18 1.21 1.11 1.13 1.28 1.01 1.04 0.66
0.43 0.43 0.17 0.23 0.21 0.22 0.28 0.22 0.23 0.19
0.89 0.85 1.01 0.98 0.91 0.91 1.00 0.79 0.81 0.48
Growth −4.9% +19.5% −3.3% −7.2% +0.1% +10.0% −20.6% +1.4% −40.6%
Per share
1.68 1.60 1.91 1.83 1.69 1.68 1.84 1.45 1.47 0.87
1.64 1.57 1.86 1.80 1.66 1.66 1.82 1.45 1.47 0.87
Growth −4.3% +18.5% −3.2% −7.8% +0.0% +9.6% −20.3% +1.4% −40.8%
529.3 528.4 530.7 534.6 538.0 541.1 544.9 546.4 548.1 550.2
542.5 539.1 543.9 545.2 546.6 547.6 549.6 549.0 548.8 550.5
Growth −0.6% +0.9% +0.3% +0.2% +0.2% +0.4% −0.1% −0.0% +0.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 4.7% a year over five years, and earnings per share fell 12.1% a year.
  • The share count barely moved in five years.
  • Operating margin is down 5.5 points on five years ago, at 5.9%.
  • Profitable in every one of the 10 years on file.