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Hormel Foods

HRL

Hormel Foods is a global branded food company specializing in the processing, marketing, and distribution of high-quality meat, nut, and protein products.

Market cap
$13.39B+11.3%
Revenue$12.2B+2.5%
Net income$703.0M-7.1%
Free cash flow$692.9M-3.0%
EPS (diluted)$1.28-6.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 27, 2026 (in a month)
Revenue estimate$3.1B
EPS estimate$0.36

Financials

Q2 2026

Income statement

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Revenue$3.0B+2.5%
Gross profit$518.5M+7.0%
Operating income$217.1M-12.6%
Net income$157.5M-12.5%
EPS (diluted)$0.29-12.1%

Balance sheet

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Cash & equivalents$826.8M+23.5%
Total debt$2.9B-0.2%
Total equity$7.9B-1.0%
Total assets$13.3B-0.6%

Cash flow

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Operating cash flow$178.9M+217%
CapEx$82.2M+9.4%
Free cash flow$96.8M

Valuation & ratios

Valuation

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Market cap$13.39B+11.3%
Enterprise value$15.44B
P/E19×
P/S1.1×

Profitability

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Gross margin15.7%-0.8pp
Operating margin5.8%-2.7pp
FCF margin5.7%-0.3pp

Returns & leverage

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Debt / equity0.4×0.0×
Current ratio1.9×-0.5×

Segments

By segment

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Retail$1.8B+0.3%
Foodservice$996.7M+6.4%
International$186.2M+4.3%

By product

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Perishable$2.2B+6.9%
Shelf-stable$753.7M-8.4%

Competitors

Profile

Hormel Foods is a global branded food company specializing in the processing, marketing, and distribution of high-quality meat, nut, and protein products. The company leverages a diverse portfolio of iconic brands to serve retail, foodservice, and international markets. Its core value proposition is built on product innovation, brand integrity, and a balanced sourcing model for raw materials.

Competitive position

A leading global branded food company with a dominant presence in shelf-stable proteins, nut butters, and premium deli meats.

GeographiesUnited States, China, Brazil, Mexico, Philippines, Indonesia, Australia, Canada, South Korea
Customer segmentsRetail Consumers, Foodservice Operators, Institutional Buyers
Business modelManufacturing, Brand Licensing, B2B Distribution, Direct-to-Retail
SuppliersHog farmers, Grain producers, Nut growers, Packaging material suppliers, Third-party co-manufacturers
CustomersWalmart, Broadline foodservice distributors, Grocery chains, Warehouse clubs, Restaurant groups
Listed1972
Employees20.0K
CEOJeffrey Ettinger
FilingsSEC EDGAR

Questions, answered.

What is Hormel Foods's market cap?
Hormel Foods (HRL) has a market capitalization of $13.4B and trades on NYSE.
What is Hormel Foods's revenue and profitability?
Hormel Foods generated $12.2B in trailing twelve-month revenue with net income of $703.0M, representing a net margin of 6.3%. Gross margin stands at 15.7%, with free cash flow of $692.9M. These figures are based on the Q2 2026 filing.
Who are Hormel Foods's competitors?
Hormel Foods's key competitors include Conagra Brands, Inc., Tyson Foods, Inc., Kraft Heinz Company, and others. These companies compete in similar markets and product categories.
Who does Hormel Foods partner with?
Hormel Foods's notable partners include Walmart Inc., MegaMex Foods, LLC, The Purefoods-Hormel Company, Inc., and others.
What subsidiaries does Hormel Foods have?
Hormel Foods's subsidiaries include Applegate Farms, LLC, Jennie-O Turkey Store, Justin's, LLC.
Where is Hormel Foods headquartered?
Hormel Foods is headquartered in United States of America and employs approximately 20,000 people. It has been publicly traded since 1972.