# Hormel Foods Corporation (HRL)

**Exchange:** NYSE  
**Sector:** Consumer Defensive  
**Market cap:** $13.62B  
**Price:** $24.75 (+1.27%)

> Hormel Foods Corporation is a global branded food company that develops, processes, and distributes a wide range of food products. Its portfolio spans meat, poultry, plant-based and other protein offerings, as well as nuts and shelf-stable center-of-the-plate items for retail and foodservice customers. Key brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy, many of which hold leading positions in their categories. The company operates through three primary segments: Retail, serving supermarkets and mass merchandisers; Foodservice, supplying restaurants, cafeterias, and other commercial kitchens; and International, reaching customers outside the United States through exports and joint ventures. Hormel Foods Corporation plays a significant role in the consumer staples and packaged foods industry by providing branded, ready-to-eat and value-added products that target both everyday consumption and convenience-oriented demand. Founded in 1891 and headquartered in Austin, Minnesota, the company today is recognized for its broad multi-channel distribution and diversified product mix across refrigerated and shelf-stable foods.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $12.11B | $1.89B | $719M | $478M | $0.87 |
| 2024 | $11.92B | $2.02B | $1.07B | $805M | $1.47 |
| 2023 | $12.11B | $2.00B | $1.07B | $794M | $1.45 |
| 2022 | $12.46B | $2.16B | $1.31B | $1000M | $1.82 |
| 2021 | $11.39B | $1.93B | $1.12B | $909M | $1.66 |
| 2020 | $9.61B | $1.83B | $1.10B | $908M | $1.66 |
| 2019 | $9.50B | $1.88B | $1.20B | $979M | $1.80 |
| 2018 | $9.55B | $2.00B | $1.20B | $1.01B | $1.86 |
| 2017 | $9.17B | $2.00B | $1.28B | $847M | $1.57 |
| 2016 | $9.52B | $2.16B | $1.32B | $890M | $1.64 |
| 2015 | $9.26B | $1.81B | $1.07B | $686M | $2.54 |
| 2014 | $9.32B | $1.56B | $962M | $603M | $2.23 |
| 2013 | $8.75B | $1.41B | $829M | $526M | $1.95 |
| 2012 | $8.23B | $1.33B | $781M | $500M | $1.86 |
| 2011 | $7.90B | $1.33B | — | $474M | $1.74 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $13.39B | — | $7.92B | $671M | $2.85B |
| 2024 | $13.43B | — | $8.00B | $742M | $2.85B |
| 2023 | $13.45B | — | $7.74B | $737M | $2.36B |
| 2022 | $13.31B | — | $7.54B | $982M | $3.29B |
| 2021 | $12.70B | — | $6.98B | $614M | $3.32B |
| 2020 | $9.91B | — | $6.43B | $1.71B | $1.04B |
| 2019 | $8.11B | — | $5.93B | $673M | $250M |
| 2018 | $8.14B | — | $5.60B | $459M | $625M |
| 2017 | $6.98B | — | $4.94B | $444M | $250M |
| 2016 | $6.37B | — | $4.45B | $415M | $250M |
| 2015 | $6.14B | — | $4.00B | $347M | $250M |
| 2014 | $5.46B | — | $3.61B | $334M | $250M |
| 2013 | $4.92B | — | $3.32B | $434M | $250M |
| 2012 | $4.56B | — | $2.82B | $682M | $250M |
| 2011 | $4.24B | — | $2.66B | $463M | $250M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | — | $311M | $534M |
| 2024 | — | $256M | $1.01B |
| 2023 | — | $270M | $778M |
| 2022 | — | $279M | $856M |
| 2021 | — | $232M | $770M |
| 2020 | — | $368M | $761M |
| 2019 | — | $294M | $629M |
| 2018 | — | $390M | $852M |
| 2017 | — | $221M | $789M |
| 2016 | — | $256M | $737M |
| 2015 | — | $144M | $848M |
| 2014 | — | $159M | $588M |
| 2013 | — | $107M | $531M |
| 2012 | — | $132M | $385M |
| 2011 | — | $97M | $394M |

Source: [DividendWall](https://dividendwall.com/company/HRL)