Hormel Foods Corporation (HRL)

NYSE: HRL · Meat Packing Plants · Austin, MN · filing with the SEC since 1994

Grade4.8

◀ Past 6.1● Present 4.4▶ Future 4.1

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in October.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Oct 26, 2025	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020	Oct 27, 2019	Oct 28, 2018	Oct 29, 2017	Oct 30, 2016
Report filed	Dec 5, 2025	Dec 5, 2024	Dec 6, 2023	Dec 6, 2022	Dec 10, 2021	Dec 4, 2020	Dec 6, 2019	Dec 7, 2018	Dec 20, 2017	·
Revenue	12,106,160	11,920,797	12,110,010	12,458,806	11,386,189	9,608,462	9,497,317	9,545,700	9,167,519	9,523,224
Cost of revenue	10,214,344	9,898,659	10,110,169	10,294,120	9,458,283	7,782,498	7,612,669	7,566,227^r	7,170,883^r	7,365,049
Gross profit	1,891,816	2,022,138	1,999,841	2,164,686	1,927,906	1,825,963	1,884,648	1,979,473^r	1,996,636^r	2,158,175
Research and development	35,200	36,100	33,700	34,700	33,600	31,900	32,500	33,800	34,200	34,700
Selling, general and administrative	996,624	1,005,294	942,167	879,265	853,071	761,315	727,584	841,205^r	759,304^r	871,974
Operating income	718,603	1,067,932	1,072,046	1,312,607	1,122,599	1,100,220	1,196,265	1,179,961^r	1,276,742^r	1,323,895
Interest expense	78,038	80,894	73,402	62,515	43,307	21,069	18,070	26,494	12,683	12,871
Interest and investment income	24,227	40,172	23,501	28,012	46,878	35,596	·	·	·	·
Share of profit of equity-method investments	-105,839	51,088	42,754	27,185	47,763	35,572	39,201	58,972	39,590	38,685
Total non-operating income (expense)	235,519	215,304^r	214,482^r	-99,297	-112,836^r	-52,307^r	31,520	27,817^r	14,586^r	6,191
Income before income taxes	663,449	1,035,434	1,013,472	1,278,103	1,126,170	1,114,747	1,209,715	1,181,284	1,278,645	1,317,215
Income tax expense	185,684	230,803	220,552	277,877	217,029	206,393	230,567	168,702	431,542	426,698
Net income including non-controlling interests	477,764	804,631	792,920	1,000,226	909,140	908,354	979,148	1,012,582	847,103	890,517
Net income to non-controlling interests	-433	-407	-653	239	301	272	342	442	368	465
Net income	478,197	805,038	793,572	999,987	908,839	908,082	978,806	1,012,140	846,735	890,052
Earnings per share, basic	0.87	1.47	1.45	1.84	1.68	1.69	1.83	1.91	1.60	1.68
Earnings per share, diluted	0.87	1.47	1.45	1.82	1.66	1.66	1.80	1.86	1.57	1.64
Weighted average shares, basic	550,164	548,129	546,421	544,918	541,114	538,007	534,578	530,742	528,363	529,290
Weighted average shares, diluted	550,496	548,832	548,982	549,566	547,580	546,592	545,232	543,869	539,116	542,473

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 2-for-1 split.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfGoodsSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Interest and investment income what its cash and investments earned

us-gaap:InvestmentIncomeNonoperating
us-gaap:InvestmentIncomeNet

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton HRL · research, not advice