HRLNYSEMeat Packing PlantsFiscal year ends October 25
HORMEL FOODS CORP /DE/
Financials through Q3 FY2026, quarter ended Jul 26, 2026Last filing: 10-Q on Aug 27, 2026
$20.35−0.05 (-0.25%)
Close on Oct 19, 2026
- Market cap
- $11.21B
- P/E (TTM)
- 32.3
- Dividend yield
- 5.70%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
15.6%−3.4 pts over 5 years
Operating margin
5.9%−5.5 pts over 5 years
Net margin
4.0%−5.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.6% | -1.0% | +4.7% | +2.7% | |
| Gross profit | -6.4% | -4.4% | +0.7% | +0.5% | |
| Operating income | -32.7% | -18.2% | -8.2% | -3.9% | |
| Net income | -40.6% | -21.8% | -12.0% | -3.5% | |
| EPS, diluted | -40.8% | -21.8% | -12.1% | -3.7% | |
| Free cash flow | -47.1% | -14.5% | -6.8% | -4.5% | |
| Dividend per share | +2.7% | +3.7% | +4.5% | +8.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 21.1% | 14.7% | 6.0% | |
| Return on assets | 13.6% | 10.1% | 3.6% | |
| Current ratio | 1.93 | 2.38 | 2.47 | |
| Debt to equity | 0.06 | 0.20 | 0.36 | |
| Net debt to EBITDA | -0.11× | -0.31× | 2.23× | |
| Interest coverage | 102.9× | 52.2× | 9.2× | |
| Inventory turnover | 7.4× | 7.4× | 6.1× | |
| Capex to revenue | 2.7% | 3.8% | 2.6% | |
| Diluted shares | 542M | 547M | 550M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Hormel Foods generated $5.30B from operations and spent $4.30B on capital expenditure, dividends and share buybacks. 31% of that went back into the business.
Generated
$5.30B
Used
$4.30B
Capital expenditure$1.35B31%Dividends$2.92B68%Share buybacks$32.26M1%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.0%
×Asset turnover0.90×
×Equity multiplier1.69×
=Return on equity, FY20256.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.0% | 0.90× | 1.69× | 6.0% |
| FY2024 | 6.8% | 0.89× | 1.71× | 10.2% |
| FY2023 | 6.6% | 0.91× | 1.75× | 10.4% |
| FY2022 | 8.0% | 0.96× | 1.79× | 13.8% |
| FY2021 | 8.0% | 1.01× | 1.69× | 13.6% |
| FY2020 | 9.5% | 1.07× | 1.46× | 14.7% |
| FY2019 | 10.3% | 1.17× | 1.41× | 17.0% |
| FY2018 | 10.6% | 1.26× | 1.43× | 19.2% |
| FY2017 | 9.2% | 1.31× | 1.49× | 18.0% |
| FY2016 | 9.3% | 1.45× | 1.55× | 21.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$478.20M
- Cash generatingOperating cash flow above zero$845.25M
- Return on assets improvedROA up on the prior year6.0% → 3.6%
- Earnings backed by cashOperating cash flow above net income$845.25M vs $478.20M
- Less leverageLong-term debt to assets fell21.2% → 21.3%
- Better liquidityCurrent ratio rose2.32 → 2.47
- No dilutionShare count did not rise549M → 550M
- Gross margin improvedGross margin up on the prior year16.96% → 15.63%
- More efficientAsset turnover rose0.89 → 0.90