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Hormel Foods Corporation

HRL Consumer Defensive Packaged Foods

Hormel Foods Corporation’s revenue for fiscal 2025 (year ended October 2025) was $12.1 billion, up 1.55% from fiscal 2024. In the quarter to July 2026, revenue fell 2.36%, EPS fell 66.7%, free cash flow grew 107.2% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.

20.40 0.21 +1.04%
Market cap
$11.1B
P/E
32.4×
Fwd P/E
16.1×
Dividend yield
5.74%
F-score
5/9
Altman Z
3.32
Beneish M
−2.58
Dividend safety
35/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 0.20
Total sells 0.82
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — 1
Sell — 1 — — — — — — 1 — — —
Insider Ownership 47.15%

Capital & Financial Ratios $m

Market Cap 11,110.00
Revenue 12,146.91
Net Income 342.46
Free Cash Flow 783.92
Net Debt 1,986.68
Current Ratio 1.88 (at or above 1.5: strong)
Debt/Equity 0.36 (at or below 0.5: strong)
P/E ratio 32.38
Fwd P/E 16.10
P/S ratio 0.92
P/B ratio 1.43
Past 5Y EPS Growth (12.12%) (below 0%: weak)
This Y EPS Growth 8.25%
Next Y EPS Growth 5.66%
Next Y revenue growth 0.17%
Next 5Y EPS Growth 6.44%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.1×, against a ten-year median of 2.1×; over the ten years it ranged from 1.1× in 2026 to 2.8× in 2020.
P/E against its own 10 years 98.67%
10-year low 10-year high
P/S against its own 10 years 1.00%
10-year low 10-year high
P/B against its own 10 years 1.07%
10-year low 10-year high
EV/Sales against its own 10 years 1.00%
10-year low 10-year high
EV/FCF against its own 10 years 0.70%
10-year low 10-year high

Dividends

Payout Ratio 1.86
Annual Dividend Rate 1.17
Annual Dividend Yield 5.74%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.17
0.29
0.29
0.29
0.29
2025 1.16
0.29
0.29
0.29
0.29
2024 1.13
0.28
0.28
0.28
0.28
2023 1.10
0.28
0.28
0.28
0.28
2022 1.04
0.26
0.26
0.26
0.26
2021 0.98
0.25
0.25
0.25
0.25
2020 0.93
0.23
0.23
0.23
0.23
2019 0.84
0.21
0.21
0.21
0.21
2018 0.94
0.19
0.19
0.19
0.19
0.19
2017 0.68
0.17
0.17
0.17
0.17
2016 0.87
0.15
0.29
0.15
0.15
0.15
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 753 767 704 868
Receivables 825 868 882 792
Inventory 1,680 1,576 1,747 1,802
Other — — — 11
3,297 3,246 3,406 3,526
2023 2024 2025 Q'26
Payables 771 736 732 678
ST’ Debt 951 8 7 506
Other 263 283 273 278
2,312 1,399 1,381 1,874

Compound Annual Growth %

10y 5y 3y
Sales 2.71% 4.73% (0.95%)
Cash Flow (1.59%) (5.61%) (9.36%)
Earnings (3.55%) (12.04%) (21.80%)
Book Value 7.06% 4.24% 1.63%

Revenue $m

Jan Apr Jul Oct Year
’26 3,027 2,973 2,961 — —
’25 2,989 2,899 3,033 3,186 12,106
’24 2,997 2,887 2,898 3,138 11,921
’23 2,971 2,978 2,963 3,198 12,110
’22 3,044 3,097 3,034 3,283 12,459
’21 2,461 2,607 2,864 3,455 11,386
’20 2,384 2,422 2,381 2,420 9,608
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jan Apr Jul Oct Year
’26 349 179 241 — —
’25 309 56 157 323 845
’24 404 236 218 409 1,267
’23 204 208 317 319 1,048
’22 384 193 186 372 1,135
’21 206 156 77 564 1,002
’20 188 360 330 250 1,128
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jan Apr Jul Oct Year
’26 280 97 175 — —
’25 237 (19) 85 231 534
’24 357 177 153 325 1,011
’23 172 155 239 217 783
’22 334 115 126 282 857
’21 167 111 23 471 772
’20 131 280 242 110 762
Fiscal quarters ending in the months shown.

EPS $

Jan Apr Jul Oct Year
’26 0.33 0.29 0.11 — —
’25 0.31 0.33 0.33 (0.10) 0.87
’24 0.40 0.34 0.32 0.40 1.47
’23 0.40 0.40 0.30 0.36 1.45
’22 0.44 0.48 0.40 0.51 1.82
’21 0.41 0.42 0.32 0.51 1.66
’20 0.45 0.42 0.37 0.43 1.66
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to October

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 33.18 29.75 31.71 37.00 39.01 40.48 44.21 30.12 28.51 21.03

Analyst estimates 2026–2028

Powerpack
High 45.72 38.00 46.26 45.84 52.97 50.86 55.11 47.03 36.86 32.07
People
People Employees 21,100 20,200 20,100 18,800 19,100 20,000 20,000 20,000 20,000 20,000
Revenue/emp, $m 0.45 0.45 0.47 0.51 0.50 0.57 0.62 0.61 0.60 0.61
Income, $m
Income, $m Revenue 9,523 9,168 9,546 9,497 9,608 11,386 12,459 12,110 11,921 12,106
Gross margin, % 22.66 21.78 20.74 19.84 19.00 16.93 17.37 16.51 16.96 15.63
EBT 1,317 1,279 1,181 1,210 1,115 1,126 1,278 1,013 1,035 663
EBT margin, % 13.83 13.95 12.38 12.74 11.60 9.89 10.26 8.37 8.69 5.48
Net income 891 847 1,013 979 908 909 1,000 793 805 478
Depreciation 133 131 179 165 206 209 236 282 258 335
Per share, $
Per share, $ Revenue 17.99 17.35 17.99 17.77 17.86 21.04 22.86 22.16 21.75 22.00
Earnings 1.68 1.60 1.91 1.83 1.69 1.68 1.84 1.45 1.47 0.87
Cash flow 1.96 1.96 2.34 1.73 2.10 1.85 2.08 1.92 2.31 1.54
Capex (0.47) (0.41) (0.72) (0.48) (0.68) (0.43) (0.51) (0.48) (0.47) (0.56)
Free cash flow 1.49 1.55 1.62 1.25 1.42 1.43 1.57 1.43 1.84 0.97
Book value 8.41 9.35 10.56 11.08 11.95 12.90 13.84 14.16 14.60 14.39
Shares, m 529 528 531 535 538 541 545 546 548 550
Valuation, ×
Valuation, × P/E 22.92 19.48 22.85 22.34 29.44 25.57 25.38 22.29 20.78 24.82
P/S 2.14 1.80 2.43 2.30 2.77 2.04 2.03 1.47 1.40 0.98
P/B 4.58 3.33 4.13 3.69 4.14 3.33 3.36 2.30 2.09 1.50
EV/Sales 2.12 1.77 2.44 2.30 2.72 2.28 2.22 1.68 1.58 1.16
EV/FCF 25.56 19.93 27.07 32.70 34.34 33.60 32.21 25.98 18.64 26.25
Cash, $m
Cash, $m Operating cash flow 1,040 1,034 1,242 923 1,128 1,002 1,135 1,048 1,267 845
Capex (249) (218) (380) (256) (366) (230) (278) (265) (256) (311)
Free cash flow 791 816 862 667 762 772 857 783 1,011 534
Balance, $m
Balance, $m Working capital 977 968 911 1,256 2,075 1,532 2,164 985 1,847 2,025
Total debt 250 250 625 250 1,304 3,324 3,299 3,309 2,859 2,857
Net debt (165) (194) 166 (438) (428) 2,689 2,301 2,556 2,092 2,154
Shareholders’ equity 4,451 4,940 5,605 5,926 6,430 6,978 7,540 7,739 8,004 7,916
Returns, %
Returns, % ROA 14.23 12.69 13.39 12.05 10.08 8.04 7.69 5.93 5.99 3.56
ROIC 19.30 16.81 12.78 13.62 11.46 7.26 8.34 6.51 6.61 4.46
ROE 21.06 18.03 19.20 16.98 14.70 13.56 13.78 10.39 10.23 6.01
Negative figures in brackets.

All 10 years →

Fiscal years to Oct 2025 · latest quarter Jul 2026

Charts ten years each

Hormel Foods Corporation vs peers in Packaged Foods (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GIS General Mills, Inc. $17.6B — (loss-making) 10.6× −2.83% (below 0%: shrinking) −66.67% (below 0%: shrinking) −28.59% (below 0%: shrinking) 33.88% 14.43% Compare
JBS JBS N.V. $13.6B 12.8× 9.2× +13.82% (above 0%: growing) n/m +238.90% (above 0%: growing) 10.83% 2.50% Compare
SJM The J. M. Smucker Company $13.5B 59.3× 12.9× +5.02% (above 0%: growing) n/m +511.71% (above 0%: growing) 44.14% 23.05% Compare
MKC McCormick & Company, Incorporated $12.3B 8.3× 15.7× +17.39% (above 0%: growing) −53.76% (below 0%: shrinking) −45.61% (below 0%: shrinking) 39.26% 10.72% Compare
MICC The Magnum Ice Cream Company N.V. $11.3B — — — — — — — Compare
HRL Hormel Foods Corporation $11.1B 32.4× 16.1× −2.36% (below 0%: shrinking) −66.67% (below 0%: shrinking) +107.16% (above 0%: growing) 15.92% 2.49%
DAR Darling Ingredients Inc. $9.6B 16.3× 13.8× +16.37% (above 0%: growing) +2,950.00% (above 0%: growing) +428.22% (above 0%: growing) 29.20% 32.20% Compare
LW Lamb Weston $7.5B 28.9× 14.4× +0.66% (above 0%: growing) −54.02% (below 0%: shrinking) −47.29% (below 0%: shrinking) 15.96% 4.92% Compare
SFD Smithfield Foods, Inc. $7.3B 6.9× 10.0× −2.27% (below 0%: shrinking) +27.08% (above 0%: growing) −1.54% (below 0%: shrinking) 12.95% 7.86% Compare
Median of peers $11.8B 14.5× 12.9× +5.02% −53.76% −1.54% 29.20% 10.72%

All 71 Packaged Foods stocks →

HRL metrics, ten years each

Hormel Foods Corporation (HRL) key facts

  • Concern: Net income was $477.8 million, or $0.87 per share (basic), a net margin of 3.95%.
  • Strength: Hormel Foods Corporation’s revenue for fiscal 2025 (year ended October 2025) was $12.1 billion, up 1.55% from fiscal 2024.
  • Hormel Foods Corporation (HRL) is a Packaged Foods company in the Consumer Defensive sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, HRL traded at $20.40, a market capitalization of $11.1 billion.
  • At that price the stock trades at 32.4× trailing-twelve-month earnings and 0.9× sales; its P/E is higher than 99% of its own readings over the past ten years.
  • Hormel Foods Corporation pays an annual dividend of $1.17 per share, a yield of 5.74%, with a payout ratio of 185.7%.
  • Return on equity was 6.01% and debt-to-equity 0.36.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.32 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Hormel Foods Corporation (HRL) Latest News

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stockrow.com/HRL · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com