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Hormel Foods (HRL) | Financial Analysis & Statements

Hormel Foods Corporation | Large-cap | Consumer Defensive

$28.48

-0.25%

Hormel Foods vs Kraft Heinz Hormel Foods vs Kellanova Hormel Foods vs General Mills Hormel Foods vs McCormick & Company Hormel Foods vs McCormick & Company Hormel Foods vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Apr 2025

Income Metrics

Revenue 2.9B

Gross Profit 484.4M 16.71%

Operating Income 233.0M 8.04%

Net Income 179.7M 6.20%

EPS (Diluted) $0.33

Balance Sheet Metrics

Total Assets 13.4B

Total Liabilities 5.4B

Shareholders Equity 8.0B

Debt to Equity 0.67

Cash Flow Metrics

Operating Cash Flow 56.9M

Free Cash Flow -18.6M

Revenue & Profitability Trend

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This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Hormel Foods Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue i	11.9B	12.1B	12.5B	11.4B	9.6B
Cost of Goods Sold i	9.9B	10.1B	10.3B	9.5B	7.8B
Gross Profit i	2.0B	2.0B	2.2B	1.9B	1.8B
Gross Margin % i	17.0%	16.5%	17.4%	16.9%	19.0%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	1.0B	942.2M	879.3M	853.1M	761.3M
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	1.0B	942.2M	879.3M	853.1M	761.3M
Operating Income i	1.0B	1.1B	1.3B	1.1B	1.1B
Operating Margin % i	8.5%	8.7%	10.3%	9.4%	11.1%
Non-Operating Items
Interest Income i	48.4M	14.8M	28.0M	46.9M	35.6M
Interest Expense i	80.9M	73.4M	62.5M	43.3M	21.1M
Other Non-Operating Income	51.1M	14.4M	27.2M	47.8M	35.6M
Pre-tax Income i	1.0B	1.0B	1.3B	1.1B	1.1B
Income Tax i	230.8M	220.6M	277.9M	217.0M	206.4M
Effective Tax Rate % i	22.3%	21.8%	21.7%	19.3%	18.5%
Net Income i	804.6M	792.9M	1.0B	909.1M	908.4M
Net Margin % i	6.7%	6.5%	8.0%	8.0%	9.5%
Key Metrics
EBITDA i	1.4B	1.4B	1.6B	1.4B	1.3B
EPS (Basic) i	$1.47	$1.45	$1.84	$1.68	$1.69
EPS (Diluted) i	$1.47	$1.45	$1.82	$1.66	$1.66
Basic Shares Outstanding i	548129000	546421000	544918000	541114000	538007000
Diluted Shares Outstanding i	548129000	546421000	544918000	541114000	538007000

Income Statement Trend

Hormel Foods Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets
Cash & Equivalents i	741.9M	736.5M	982.1M	613.5M	1.7B
Short-term Investments i	24.7M	16.7M	16.1M	21.2M	17.3M
Accounts Receivable i	817.9M	817.4M	867.6M	895.7M	702.4M
Inventory i	1.6B	1.7B	1.7B	1.4B	1.1B
Other Current Assets	35.3M	39.0M	48.0M	39.9M	12.4M
Total Current Assets i	3.2B	3.3B	3.6B	2.9B	3.6B
Non-Current Assets
Property, Plant & Equipment i	2.9B	2.8B	2.6B	2.4B	2.1B
Goodwill i	11.6B	11.6B	11.7B	11.7B	6.3B
Intangible Assets i	1.7B	1.8B	1.8B	1.8B	1.1B
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	411.9M	370.3M	283.2M	299.9M	250.4M
Total Non-Current Assets i	10.2B	10.2B	9.7B	9.7B	6.3B
Total Assets i	13.4B	13.4B	13.3B	12.7B	9.9B
Liabilities
Current Liabilities
Accounts Payable i	735.6M	771.4M	816.6M	793.3M	644.6M
Short-term Debt i	7.8M	950.5M	8.8M	8.8M	258.7M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	-1.0K	-1.0K	-	-	-
Total Current Liabilities i	1.4B	2.3B	1.5B	1.4B	1.5B
Non-Current Liabilities
Long-term Debt i	2.9B	2.4B	3.3B	3.3B	1.0B
Deferred Tax Liabilities i	589.4M	498.1M	475.2M	278.2M	218.8M
Other Non-Current Liabilities	211.2M	191.9M	141.8M	162.6M	157.4M
Total Non-Current Liabilities i	4.0B	3.4B	4.3B	4.3B	2.0B
Total Liabilities i	5.4B	5.7B	5.8B	5.7B	3.5B
Equity
Common Stock i	8.0M	8.0M	8.0M	7.9M	7.9M
Retained Earnings i	7.7B	7.5B	7.3B	6.9B	6.5B
Treasury Stock i	0	0	0	-	-
Other Equity	-	-	-	-	-
Total Shareholders Equity i	8.0B	7.7B	7.5B	7.0B	6.4B
Key Metrics
Total Debt i	2.9B	3.3B	3.3B	3.3B	1.3B
Working Capital i	1.8B	985.5M	2.2B	1.5B	2.1B

Balance Sheet Composition

Hormel Foods Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	804.6M	792.9M	1.0B	909.1M	908.4M
Depreciation & Amortization i	257.8M	253.3M	235.9M	209.3M	205.8M
Stock-Based Compensation i	23.2M	24.1M	24.9M	24.7M	22.5M
Working Capital Changes i	94.3M	-37.5M	-367.2M	-237.2M	-20.6M
Operating Cash Flow i	1.3B	1.1B	1.1B	957.5M	1.1B
Investing Activities
Capital Expenditures i	-256.0M	-264.9M	-277.7M	-230.2M	-365.6M
Acquisitions i	17.0M	-427.7M	2.4M	-3.4B	-270.8M
Investment Purchases i	-	-	-	-	-23.7M
Investment Sales i	-	-	-	-	3.8M
Investing Cash Flow i	-230.8M	-689.5M	-260.5M	-3.6B	-652.5M
Financing Activities
Share Repurchases i	0	-12.3M	0	-20.0M	-12.4M
Dividends Paid i	-615.0M	-592.9M	-557.8M	-523.1M	-487.4M
Debt Issuance i	497.8M	2.0M	0	2.3B	992.4M
Debt Repayment i	-959.0M	-8.8M	-8.7M	-258.6M	-8.4M
Financing Cash Flow i	-1.1B	-612.1M	-566.5M	1.5B	1.5B
Free Cash Flow i	1.0B	777.6M	856.1M	769.5M	760.5M
Net Change in Cash i	19.9M	-187.9M	277.4M	-1.2B	2.0B

Cash Flow Trend

Hormel Foods Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 20.75

Forward P/E 16.70

Price to Book 1.93

Price to Sales 1.30

PEG Ratio 16.70

Profitability Ratios

Profit Margin 6.27%

Operating Margin 8.61%

Return on Equity 9.37%

Return on Assets 4.75%

Financial Health

Current Ratio 2.47

Debt to Equity 35.54

Beta 0.31

Per Share Data

EPS (TTM) $1.36

Book Value per Share $14.61

Revenue per Share $21.71

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
hrl	15.5B	20.75	1.93	9.37%	6.27%	35.54
Kraft Heinz	31.7B	13.01	0.77	-11.64%	-20.83%	51.12
Kellanova	27.8B	20.97	6.78	35.33%	10.56%	154.85
General Mills	26.6B	11.96	2.89	24.59%	11.78%	166.07
McCormick & Company	18.8B	24.52	3.37	14.12%	11.50%	79.12
McCormick & Company	18.8B	24.44	3.36	14.12%	11.50%	79.12

Financial data is updated regularly. All figures are in the company's reporting currency.