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Hormel Foods HRL Interest Expense

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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:InterestExpenseNonoperating.

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 thousands, except per share amountsQuarter Ended / April 26, 2026Quarter Ended / April 27, 2025Six Months Ended / April 26, 2026Six Months Ended / April 27, 2025
Equity in Earnings of Affiliates17,22915,35033,04931,461
Operating Income217,112248,352460,809476,682
Interest Income6,4796,17613,00713,719
Interest Expense19,82219,51639,55038,977
Other Income (Expense), Net2,294(4,523)6,109(2,862)
Earnings Before Income Taxes206,063230,489440,375448,561
Provision for Income Taxes48,68550,747101,22798,289
Net Earnings157,378179,742339,147350,272

Item 1. FINANCIAL STATEMENTS

FAQ

What is Hormel Foods's interest expense?
Hormel Foods (HRL) reported interest expense of $19.82M in Q1 2026.
How has Hormel Foods's interest expense changed year-over-year?
Hormel Foods's interest expense increased by 1.6% year-over-year, from $19.52M to $19.82M.
What is the long-term trend for Hormel Foods's interest expense?
Over 4 years (2021 to 2025), Hormel Foods's interest expense has grown at a 15.9% compound annual growth rate (CAGR), from $43.31M to $78.04M.
What does interest expense mean?
Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

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