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Hormel Foods HRL International — Goodwill and Intangible Impairment

Other segment segments

Retail
$70.75M
Foodservice
$0

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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:GoodwillAndIntangibleAssetImpairment.

The source filing: Hormel Foods’s 10-K, filed December 5, 2025.

Filed
Dec 5, 2025
Fiscal year
FY2025
Accession
0000048465-25-000059
In thousandsRetailFoodserviceInternationalTotal
Cost of Products Sold6,450,8683,201,478558,106
Selling, General, and Administrative539,390185,74395,075
Equity in Earnings of Affiliates31,035(136,817)
Goodwill and Intangible Impairment70,751
Noncontrolling Interest (Earnings) Loss433
Segment Profit$425,245$554,574$(80,418)$899,400
Net Unallocated Expense235,519
Noncontrolling Interest Earnings (Loss)(433)

Item 8. Financial Statements and Supplemental Data

FAQ

What is Hormel Foods's international — goodwill and intangible impairment?
Hormel Foods (HRL) reported international — goodwill and intangible impairment of $0 in Q3 2025.
What does international — goodwill and intangible impairment mean?
This metric represents the non-cash charge recognized when the carrying value of goodwill or intangible assets associated with international operations exceeds their fair value. It serves as an indicator that the expected future economic benefits from international acquisitions or brand investments have declined. This adjustment reflects management's assessment of long-term asset recoverability within the global segment.

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