Hormel vs Post Holdings: Revenue, Profit and Business Model
Hormel had $12.1B of annual revenue in FY2025 and $478.2M of net income. Post Holdings had $8.2B of annual revenue in FY2025 and $335.7M of net income.
Latest financial snapshot
Hormel
- Latest annual revenue
- $12.1B (FY2025)
- Net income
- $478.2M
- Net margin
- 4.0%
- Revenue growth
- +2.7% a year, FY2016–FY2025
Post Holdings
- Latest annual revenue
- $8.2B (FY2025)
- Net income
- $335.7M
- Net margin
- 4.1%
- Revenue growth
- +5.5% a year, FY2016–FY2025
Financial summary
Hormel
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.
Post Holdings
Post Holdings grew net sales from $4.71 billion in fiscal 2020 to $8.158 billion in fiscal 2025, mostly through acquisitions such as the Smucker pet food brands (2023), Perfection Pet Foods (2023), Potato Products of Idaho (March 2025) and 8th Avenue Food & Provisions (July 2025). Fiscal 2025 net earnings were $335.7 million. For the nine months to June 30, 2026, net sales rose to $6.166 billion and Adjusted EBITDA to $1.191 billion, while net earnings fell 15% to $242.1 million on higher interest costs. Post does not pay a dividend and repurchased 9.1 million shares for $908.8 million in the first nine months of fiscal 2026. Management narrowed fiscal 2026 Adjusted EBITDA guidance to $1.56-$1.57 billion. Post Holdings, Inc. is a major American consumer packaged goods holding company operating heavily in the center-store grocery space, commanding a market valuation typically over $7 billion.
Revenue and profit by year
Hormel
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $12.1B | $478.2M | 4.0% | +1.6% | Source |
| FY2024 | $11.9B | $805M | 6.8% | -1.6% | Source |
| FY2023 | $12.1B | $793.6M | 6.6% | -2.8% | Source |
| FY2022 | $12.5B | $1000M | 8.0% | +9.4% | Source |
| FY2021 | $11.4B | $908.8M | 8.0% | +18.5% | Source |
| FY2020 | $9.6B | $908.1M | 9.5% | +1.2% | Source |
| FY2019 | $9.5B | $978.8M | 10.3% | -0.5% | Source |
| FY2018 | $9.5B | $1B | 10.6% | +4.1% | Source |
| FY2017 | $9.2B | $846.7M | 9.2% | -3.7% | Source |
| FY2016 | $9.5B | $890.1M | 9.3% | — | Source |
Post Holdings
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 (partial year) | $6.2B | $242.1M | — | — | Source |
| FY2025 | $8.2B | $335.7M | 4.1% | +3.0% | Source |
| FY2024 | $7.9B | $366.7M | 4.6% | +13.3% | Source |
| FY2023 | $7B | $301.3M | 4.3% | +19.5% | Source |
| FY2022 | $5.9B | $756.6M | 12.9% | +17.5% | Source |
| FY2021 | $5B | $166.7M | 3.3% | +5.7% | Source |
| FY2020 | $4.7B | $800,000 | 0.0% | -17.1% | Source |
| FY2019 | $5.7B | $124.7M | 2.2% | -9.2% | Source |
| FY2018 | $6.3B | $467.3M | 7.5% | +19.7% | Source |
| FY2017 | $5.2B | $48.3M | 0.9% | +4.0% | Source |
| FY2016 | $5B | -$3.3M | -0.1% | — | Source |
Where the revenue comes from
Hormel
- Retail~62%
Retail generated $7.455 billion in FY2025 net sales from branded products sold through grocery, club, mass, convenience, and other retail channels.
- Foodservice~33%
Foodservice generated $3.942 billion in FY2025 net sales from products sold to restaurants, distributors, operators, and away-from-home customers.
- International~6%
International generated $709 million in FY2025 net sales from branded and foodservice products sold outside the United States.
Post Holdings
- Post Consumer Brands
Not formally reported
Cereal, granola, pet food, nut butters, and pantry products.
- Weetabix
Not formally reported
U.K. cereal and breakfast products.
- Foodservice
Not formally reported
Egg products and foodservice ingredients.
- Refrigerated Retail
Not formally reported
Bob Evans side dishes, sausage and egg products. The Crystal Farms dairy business was sold on May 1, 2026.
Business model and strategy
Hormel
How it makes money
Hormel buys commodity inputs (mainly pork, turkey, peanuts and other nuts) and sells them as branded, value-added foods. A raw pound of pork earns thin margins; cured, sliced and branded as Hormel pepperoni, Black Label bacon or a Columbus charcuterie tray, it earns more.
Growth strategy
Hormel's growth plan centers on priority brands (Planters, SPAM, Applegate, Hormel chili, Jennie-O value-added turkey), foodservice prepared proteins, and portfolio shaping. Under its Transform and Modernize initiative it is cutting costs and investing in data and technology.
Competitive advantage
Hormel's edge is a portfolio of brands that lead their niches (SPAM in canned meat, Skippy in peanut butter, Planters in snack nuts, Hormel pepperoni and Jennie-O in turkey), plus a foodservice business that sells labor-saving prepared proteins to operators. Foodservice posted its 12th straight quarter of organic sales growth in Q3 fiscal 2026.
Post Holdings
How it makes money
Post makes money by manufacturing and selling packaged food through four segments. Post Consumer Brands sells branded and private-label cereal and granola (Honey Bunches of Oats, Pebbles, Malt-O-Meal), pet food (Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits) and Peter Pan peanut butter to grocery, mass and club retailers.
Growth strategy
Post grows mainly by buying businesses and integrating them into existing plants and sales teams. Recent moves include the $1.2 billion purchase of Smucker pet food brands (April 2023), Perfection Pet Foods for $235 million (December 2023), Potato Products of Idaho (March 2025) and 8th Avenue Food & Provisions (July 2025).
Competitive advantage
Post's edge is scale in less glamorous categories plus a capital-allocation discipline that treats acquisitions, debt and buybacks as interchangeable uses of cash. Michael Foods is a major supplier of value-added eggs to foodservice, Weetabix is the UK's number-one selling ready-to-eat cereal brand, and Post Consumer Brands covers both branded and private-label cereal, which lets it sell to shoppers who trade down.
Questions about Hormel vs Post Holdings
Which company has higher revenue — Hormel Foods Corporation or Post Holdings, Inc.?
Hormel Foods Corporation had $12.1B (FY2025), while Post Holdings, Inc. had $8.2B (FY2025). By latest annual revenue, Hormel Foods Corporation is the larger business, with Post Holdings, Inc. showing a smaller revenue base.
What is the market cap of Hormel Foods Corporation vs Post Holdings, Inc.?
Hormel Foods Corporation's market capitalisation stands at $11.3B, while Post Holdings, Inc.'s is $4.7B. Hormel Foods Corporation carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to Post Holdings, Inc..
How does revenue per employee compare for Hormel Foods Corporation and Post Holdings, Inc.?
Hormel Foods Corporation has $605k / employee in revenue per employee, while Post Holdings, Inc. has $619k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do Hormel Foods Corporation and Post Holdings, Inc. make money?
Hormel Foods Corporation and Post Holdings, Inc. generate revenue in fundamentally different ways. Hormel Foods Corporation: Hormel buys commodity inputs (mainly pork, turkey, peanuts and other nuts) and sells them as branded, value-added foods. Post Holdings, Inc.: Post makes money by manufacturing and selling packaged food through four segments.
Which company is valued higher relative to revenue — Hormel Foods Corporation or Post Holdings, Inc.?
On a price-to-sales (P/S) basis, Hormel Foods Corporation trades at 0.9x P/S and Post Holdings, Inc. at 0.6x P/S. Hormel Foods Corporation commands a higher revenue multiple, typically indicating that investors expect faster growth or higher future margins compared to Post Holdings, Inc.. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is Hormel Foods Corporation bigger than Post Holdings, Inc.?
By last reported revenue, Hormel Foods Corporation ($12.1B (FY2025)) is the larger company compared to Post Holdings, Inc. ($8.2B (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Hormel vs Post Holdings overview