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Hormel Foods HRL Finance Lease Liabilities

Discontinued — last reported Q2 '26

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Other financials

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

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Market cap$13.88B+11.2%
Enterprise value$15.93B
P/E19.8×
P/S1.1×

Profitability

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Gross margin15.7%-0.8pp
Operating margin5.8%-2.7pp
Net margin6.3%-0.3pp
FCF margin5.7%-0.3pp

Returns & leverage

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Return on equity9.5%-0.6pp
Debt / equity0.4×0.0×
Current ratio1.9×-0.5×

Where this comes from

Reported directly by Hormel Foods in its filing.

Tagged under the XBRL concept us-gaap:FinanceLeaseLiability.

The source filing: Hormel Foods’s 10-Q, filed May 28, 2026.

Filed
May 28, 2026, 2:14 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000048465-26-000026
In thousandsApril 26, 2026October 26, 2025
Senior Unsecured Notes with Interest at 4.800% Interest Due Semi-annually through March 2027 Maturity Date500,000500,000
Unamortized Discount on Senior Notes(5,428)(5,848)
Unamortized Debt Issuance Costs(11,348)(12,775)
Finance Lease Liabilities20,44423,122
Other Financing Arrangements2,6712,924
Total Debt2,856,3392,857,424
Less: Current Maturities of Long-term Debt505,3356,646
Long-term Debt Less Current Maturities$2,351,004$2,850,778

Item 1. FINANCIAL STATEMENTS

FAQ

What is Hormel Foods's finance lease liabilities?
Hormel Foods (HRL) reported finance lease liabilities of $20.44M in Q1 2026.
How has Hormel Foods's finance lease liabilities changed year-over-year?
Hormel Foods's finance lease liabilities decreased by 19.1% year-over-year, from $25.26M to $20.44M.
What is the long-term trend for Hormel Foods's finance lease liabilities?
Over 5 years (2020 to 2025), Hormel Foods's finance lease liabilities has grown at a -20.2% compound annual growth rate (CAGR), from $52.72M to $17.03M.
What does finance lease liabilities mean?
Present value of future payments on leases classified as finance leases under ASC 842 — treated similarly to debt on the balance sheet.

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