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Hormel Foods HRL Income Taxes Payable

Income Taxes Payable at other companies

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$142M-7.8%
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$102.1M+24.4%
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$0-100%
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$131M-41.3%
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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$13.3B
Enterprise value$15.35B
P/E18.9×
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:TaxesPayableCurrent.

The official record: Hormel Foods’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hormel Foods's income taxes payable?
Hormel Foods (HRL) reported income taxes payable of $3.06M in Q1 2026.
How has Hormel Foods's income taxes payable changed year-over-year?
Hormel Foods's income taxes payable decreased by 72.5% year-over-year, from $11.13M to $3.06M.
What is the long-term trend for Hormel Foods's income taxes payable?
Over 5 years (2020 to 2025), Hormel Foods's income taxes payable has grown at a -3.6% compound annual growth rate (CAGR), from $22.48M to $18.75M.
What does income taxes payable mean?
The amount of income tax the company owes to the government for the current period.
How do you interpret income taxes payable?
Changes generally track with fluctuations in pre-tax profitability and changes in effective tax rates.
How does income taxes payable compare across companies?
Standard across all profitable corporations; influenced by jurisdictional tax laws.