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Hormel Foods HRL Retail — Goodwill

Other segment segments

Foodservice
$1.75B-0.1%
International
$261.2M+2.2%

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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:Goodwill.

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 thousandsRetailFoodserviceInternationalTotal
Balance at October 26, 2025$2,916,796$1,748,355$258,936$4,924,087
Goodwill Sold(1)(53,086)(1,330)(54,416)
Foreign Currency Translation2,2642,264
Balance at April 26, 2026$2,863,709$1,747,025$261,200$4,871,935

Item 1. FINANCIAL STATEMENTS

FAQ

What is Hormel Foods's retail — goodwill?
Hormel Foods (HRL) reported retail — goodwill of $2.86B in Q1 2026.
How has Hormel Foods's retail — goodwill changed year-over-year?
Hormel Foods's retail — goodwill decreased by 1.8% year-over-year, from $2.92B to $2.86B.
What is the long-term trend for Hormel Foods's retail — goodwill?
Over 2 years (2023 to 2025), Hormel Foods's retail — goodwill has grown at a 0.0% compound annual growth rate (CAGR), from $11.67B to $11.67B.
What does retail — goodwill mean?
Represents the excess of the purchase price over the fair value of identifiable net assets acquired in business combinations allocated to the retail segment. It reflects the premium paid for brand recognition, customer loyalty, and distribution networks within the retail channel.

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