Hormel Foods Corporation (HRL) — Financial statements
Income statement, balance sheet, and cash flow for Hormel Foods Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 12,106↑1.6% | 11,921↓1.6% | 12,110↓2.8% | 12,459↑9.4% | 11,386 | |
| Cost of Revenue | 10,214↑3.2% | 9,899↓2.1% | 10,110↓1.8% | 10,294↑8.8% | 9,458 | |
| Gross Profit | 1,892↓6.4% | 2,022↑1.1% | 2,000↓7.6% | 2,165↑12.3% | 1,928 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 997↓0.9% | 1,005↑6.7% | 942↑7.2% | 879↑3.1% | 853 | |
| Other Expenses | 177↑445.7% | -51↓255.5% | -14↑47.1% | -27↑43.1% | -48 | |
| Operating Expenses | 1,173↑23.0% | 954↑2.8% | 928↑8.9% | 852↑5.8% | 805 | |
| Total Costs & Expenses | 11,388↑4.9% | 10,853↓1.7% | 11,038↓1.0% | 11,146↑8.6% | 10,264 | |
| Operating Results | ||||||
| Operating Income | 719↓32.7% | 1,068↓0.4% | 1,072↓18.3% | 1,313↑16.9% | 1,123 | |
| Depreciation & Amortization | 264↑2.4% | 258↑1.8% | 253↑7.4% | 236↑12.7% | 209 | |
| EBITDA | 1,005↓26.8% | 1,374↑2.5% | 1,340↓15.0% | 1,577↑14.3% | 1,379 | |
| EBIT | 741↓33.6% | 1,116↑2.7% | 1,087↓18.9% | 1,341↑14.6% | 1,169 | |
| Interest & Other Income | ||||||
| Net Interest Income | -54↓65.6% | -32↑44.5% | -59↓69.8% | -35↓1066.2% | 4 | |
| Interest Income | 24↓49.9% | 48↑226.4% | 15↓47.1% | 28↓40.2% | 47 | |
| Interest Expense | 78↓3.5% | 81↑10.2% | 73↑17.4% | 63↑44.4% | 43 | |
| Non-Operating Income | -23↑52.7% | -48↓226.4% | -15↑47.1% | -28↑40.2% | -47 | |
| Other Income / Expenses | -55↓69.7% | -32↑44.5% | -59↓69.8% | -35↓1066.2% | 4 | |
| Income Before Tax | 663↓35.9% | 1,035↑2.2% | 1,013↓20.7% | 1,278↑13.5% | 1,126 | |
| Income Tax Expense | 186↓19.5% | 231↑4.6% | 221↓20.6% | 278↑28.0% | 217 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 478↓40.6% | 805↑1.5% | 793↓20.7% | 1,000↑10.0% | 909 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 478↓40.6% | 805↑1.4% | 794↓20.6% | 1,000↑10.0% | 909 | |
| Bottom-Line Net Income | 478↓40.6% | 805↑1.4% | 794↓20.6% | 1,000↑10.0% | 909 | |
| EPS (Basic) | 0.87↓40.8% | 1.47↑1.4% | 1.45↓21.2% | 1.84↑9.5% | 1.68 | |
| EPS (Diluted) | 0.87↓40.8% | 1.47↑1.4% | 1.45↓20.3% | 1.82↑9.6% | 1.66 | |
| Weighted Average Shares | 550↑0.4% | 548↑0.3% | 546↑0.3% | 545↑0.7% | 541 | |
| Weighted Average Diluted Shares | 550↑0.3% | 549↓0.0% | 549↓0.1% | 550↑0.4% | 548 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.