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HRL

Hormel Foods Corporation

HRL

Hormel Foods Corporation • NYSE
$23.21 ▼ -0.09% (-0.02)
Market Cap $12.76 B
52w High $33.80
52w Low $21.03
Dividend Yield 1.16%
P/E 16.94
Volume 2.11M
Outstanding Shares 549.84M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.033B ▲ $247.561M ▲ $183.742M ▲ 6.058% ▼ $0.33 $320.667M ▲
Q2-2025 $2.899B ▼ $236.081M ▼ $180.017M ▲ 6.21% ▲ $0.33 ▲ $313.968M ▲
Q1-2025 $2.989B ▼ $246.902M ▲ $170.575M ▼ 5.707% ▼ $0.31 ▼ $303.653M ▼
Q4-2024 $3.138B ▲ $226.75M ▼ $220.196M ▲ 7.017% ▲ $0.4 ▲ $365.862M ▲
Q3-2024 $2.898B $251.675M $176.701M 6.096% $0.32 $310.836M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $630.669M ▼ $13.497B ▲ $5.404B ▲ $8.083B ▲
Q2-2025 $698.981M ▼ $13.422B ▲ $5.38B ▲ $8.032B ▲
Q1-2025 $866.414M ▲ $13.403B ▼ $5.365B ▼ $8.028B ▲
Q4-2024 $766.623M ▲ $13.435B ▲ $5.431B ▲ $7.993B ▲
Q3-2024 $561.93M $13.114B $5.237B $7.867B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $183.696M ▲ $156.698M ▲ $-66.323M ▲ $-163.256M ▼ $-70.499M ▲ $84.504M ▲
Q2-2025 $179.742M ▲ $56.44M ▼ $-78.335M ▼ $-149.566M ▼ $-170.71M ▼ $-18.643M ▼
Q1-2025 $170.53M ▼ $309.206M ▼ $-60.333M ▼ $-143.063M ▲ $98.517M ▼ $237.039M ▼
Q4-2024 $219.79M ▲ $408.621M ▲ $-60.008M ▲ $-150.273M ▲ $204.405M ▲ $324.836M ▲
Q3-2024 $176.701M $217.99M $-64.183M $-1.101B $-948.892M $152.509M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
Foodservice Segment
Foodservice Segment
 $0 ▲$930.00M ▲$940.00M ▲$990.00M ▲
International Segment
International Segment
 $0 ▲$170.00M ▲$180.00M ▲$190.00M ▲
Retail Segment
Retail Segment
 $0 ▲$1.89Bn ▲$1.78Bn ▼$1.86Bn ▲
Perishable Meat
Perishable Meat
 $2.12Bn ▲$0 ▼$0 ▲$0 ▲
Shelf Stable
Shelf Stable
 $780.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Hormel’s sales have been fairly steady, but not really growing in recent years, and profits are below their earlier peak. Margins have been pressured by higher costs and shifting product mix, though profitability has held at a solid, respectable level rather than collapsing. Earnings per share have eased down from earlier highs but appear to be stabilizing, helped by cost control and gradual benefits from recent acquisitions and efficiency efforts. Overall, the income statement shows a mature, stable business facing cost and demand headwinds, but still producing consistent profits.

Balance Sheet

Balance Sheet The balance sheet looks conservative and durable. Total assets have inched up over time, and shareholder equity has been building, which signals retained value rather than heavy erosion. Debt is meaningful but not extreme, and it has been trimmed recently, which reduces financial risk. Cash levels are steady, suggesting the company keeps a comfortable liquidity cushion without hoarding excessive idle cash. Overall, the balance sheet underlines Hormel’s reputation as a financially cautious, long-lived consumer staples company.

Cash Flow

Cash Flow Hormel generates reliable cash from its operations, and that cash has strengthened recently after a softer patch. Free cash flow comfortably covers capital spending, leaving room for dividends, debt reduction, and selective acquisitions. Investment in plants and equipment has been steady rather than aggressive, indicating a focus on maintaining and modernizing existing capacity rather than dramatic expansion. The cash flow profile supports the idea of a cash-generative, relatively low-volatility business, although it is not a hyper-growth story.

Competitive Edge

Competitive Edge Hormel holds a strong competitive position built on well-known brands, broad distribution, and deep relationships with retailers and foodservice customers. Many of its labels are leaders in their categories, which brings pricing power and helps defend shelf space against private-label competition. Scale in production and sourcing gives cost advantages that smaller rivals struggle to match. At the same time, the company operates in a crowded, price-sensitive packaged food market, where changing consumer tastes, retailer bargaining power, and store-brand growth are ongoing threats. The moat is meaningful but must be actively maintained through brand support and innovation.

Innovation and R&D

Innovation and R&D Innovation at Hormel is more about new products, smarter operations, and brand renovation than about pure scientific research. The company is investing in automation, data-driven decision making, high-pressure processing, and AI tools to improve its supply chain and margins. On the product side, it is pushing into snacking, global flavors, and alternative proteins, while refreshing legacy brands to stay relevant. Initiatives like the “Transform and Modernize” program and partnerships in plant-based and mycoprotein products show a willingness to adapt. The main uncertainty is execution: not every new product or tech investment will succeed, and consumer adoption in newer categories like plant-based protein can be unpredictable.

Summary

Hormel looks like a steady, defensive food company navigating a transition phase. Financially, it shows stable revenue, solid but compressed margins, and improving cash generation, supported by a conservative balance sheet and manageable debt. Strategically, it benefits from strong brands, wide distribution, and a meaningful presence in both retail and foodservice, but it operates in a mature, highly competitive market with shifting consumer preferences. The company is actively modernizing its operations and expanding into snacking, premium, and alternative protein segments, which could support future growth if executed well. Overall, this is a story of a resilient incumbent working to refresh itself, with modest growth prospects, solid financial foundations, and typical industry risks around costs, competition, and changing tastes.

NEWS

November 29, 2025 · 11:17 AM UTC

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Hormel Foods Corporation Investors with Losses in Excess of $100K to Inquire About Securities Class Action Investigation - HRL

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November 28, 2025 · 10:16 AM UTC

ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Hormel Foods Corporation Investors to Inquire About Securities Class Action Investigation - HRL

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November 27, 2025 · 1:08 PM UTC

Rosen Law Firm Encourages Hormel Foods Corporation Investors to Inquire About Securities Class Action Investigation - HRL

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November 26, 2025 · 7:26 PM UTC

HRL Investor News: If You Have Suffered Losses in Hormel Foods Corporation (NYSE: HRL), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

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November 26, 2025 · 10:20 AM UTC

HRL Investors Have Opportunity to Join Hormel Foods Corporation Fraud Investigation with the Schall Law Firm

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