Hormel Foods Corporation
Financial Performance
Hormel Revenue & Financials
Revenue
$12.1B (FY2025)
Market Cap
$11.3B
Net Income
$478.2M
Employees
20,000
What is Hormel's revenue?
Hormel had $12.1B in revenue for fiscal year 2025, up 1.6% from 2024. Net income was $478.2M.
- Latest revenue
- $12.1B (FY2025)
- Year-over-year
- +1.6%
- Growth rate (CAGR)
- 2.7% over 9 years
- Peak revenue
- $12.5B (FY2022)
- Years of data
- 10
- Employees
- 20,000
Financial Analysis
Revenue has been flat at roughly $11.9-$12.5 billion since FY2022, while net earnings slid from about $1.0 billion in FY2022 to $478 million in FY2025 as turkey, commodity and restructuring costs bit. Fiscal 2026 shows a split picture: Q3 net sales fell 2.4% to $2.96 billion and GAAP diluted EPS was $0.11 after Brazil divestiture, Indonesia impairment and litigation charges, but adjusted EPS rose 6% to $0.37. Hormel ended Q3 with $840 million of cash, has paid dividends since 1928, and is an S&P 500 Dividend Aristocrat. Hormel Foods Corporation is a major American food processing company, maintaining a market valuation generally exceeding $15 billion.
Revenue Trend Analysis
YoY Change
+1.6%
9-Year CAGR
+2.7%
Peak Year
2022
Trend
Mostly Growing
Hormel Foods Corporation has 10 full fiscal year figures on this page, compounding at +2.7% annually over 9 years. The most recent year saw a 1.6% increase versus the prior year. Annual revenue peaked in fiscal year 2022 at $12.5B. Of 9 comparable year-over-year steps, 5 showed growth and 4 showed a decline.
Annual revenue history
Click any row to see year details.
Hormel Foods Corporation balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Oct 26, 2025 | $845.3M | $310.9M | $13.4B | $7.9B | $534.3M | Form 10-K |
| FY2024ended Oct 27, 2024 | $1.3B | $256.4M | $13.4B | $8B | $1B | Form 10-K |
| FY2023ended Oct 29, 2023 | $1B | $270.2M | $13.4B | $7.7B | $777.6M | Form 10-K |
| FY2022ended Oct 30, 2022 | $1.1B | $278.9M | $13.3B | $7.5B | $856.1M | Form 10-K |
| FY2021ended Oct 31, 2021 | $1B | $232.4M | $12.7B | $7B | $769.5M | Form 10-K |
| FY2020ended Oct 25, 2020 | $1.1B | $367.5M | $9.9B | $6.4B | $760.5M | Form 10-K |
| FY2019ended Oct 27, 2019 | $923M | $293.8M | $8.1B | $5.9B | $629.2M | Form 10-K |
| FY2018ended Oct 28, 2018 | $1.2B | $389.6M | $8.1B | $5.6B | $852.1M | Form 10-K |
| FY2017ended Oct 29, 2017 | $1B | $221.3M | $7B | $4.9B | $812.6M | Form 10-K |
| FY2016ended Oct 30, 2016 | $1B | $255.5M | $7B | $4.4B | $784.5M | Form 10-K |
Related Companies
Compare Hormel Foods Corporation Revenue With Competitors
Keep researching Hormel
Hormel Revenue and Financial FAQ
What is the typical annual revenue baseline for Hormel Foods Corporation?
Hormel Foods Corporation reported revenue of $12.1 billion for fiscal year 2025, up from $11.9 billion in fiscal 2024.
What is Hormel Foods' operating margin and profitability profile?
Hormel's adjusted operating margin was 9.0% in Q3 fiscal 2026 (3.7% on a GAAP basis after one-time charges). Fiscal 2026 guidance calls for $1.08-$1.12 billion of adjusted operating income.
What is Hormel's track record of dividend payments and increases?
Hormel has paid a dividend every year since 1928 and has raised it annually for nearly six decades, which places it in the S&P 500 Dividend Aristocrats.
How does the Retail segment contribute to Hormel's total sales and segment profit?
Retail produced $7.455 billion, about 62% of FY2025 net sales. In Q3 fiscal 2026 its net sales fell 4% and segment profit fell 4%.
What is the financial impact of the Foodservice division on Hormel's balance sheet?
Foodservice produced $3.942 billion, about 33% of FY2025 net sales, and grew organic net sales for 12 consecutive quarters through Q3 fiscal 2026.
How does Hormel Foods manage its capital allocation and capital expenditures (CapEx)?
Hormel spent $68 million on capital projects in Q3 fiscal 2026, mainly infrastructure and data and technology, and returned $161 million to shareholders through dividends.
How much cash and debt does Hormel have?
Hormel describes its debt level as conservative. It held $840 million of cash (excluding assets held for sale) at the end of Q3 fiscal 2026 and generated $241 million of operating cash flow in that quarter.
How do commodity price swings in turkey and pork impact Hormel's annual financial performance?
Fluctuations in pork bellies and feed costs, alongside external challenges such as High Pathogenicity Avian Influenza (HPAI) impacting Jennie-O turkey flock volumes, periodically create year-over-year margin volatility across commodity-exposed lines.
Who owns Hormel Foods?
It is a publicly traded company on the NYSE, but it is heavily controlled by a charity. The Hormel Foundation (set up by the founders) owns nearly 48% of the company's stock. This ensures the company can never be subjected to a hostile corporate takeover. Hormel is incredibly profitable and is a legendary "Dividend Aristocrat," having raised its dividend every year since the 1960s.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Hormel Revenue & Financials." CorpDigest, https://corpdigest.com/company/hormel/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Hormel reported $12.1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/hormel/financials" target="_blank" rel="noopener">CorpDigest — Hormel financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore Hormel
Core profile pages, founders and related research hubs for this company.