H

HORMEL FOODS CORPORATION

HRL · CIK 0000048465

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$12.11B1.6%
FY2025
Net income (FY)
$478.2M40.6%
FY2025
Free cash flow (FY)
$534.3M47.1%
FY2025
Diluted EPS (FY)
$0.8740.8%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10BFY2008 · Revenue $6.75B · Net income $285.5M · 0001104659-10-063729 · filed 2010-12-21FY08Revenue $6.75BNet income $285.5M0001104659-10-063729 · filed 2010-12-21FY2009 · Revenue $6.53B · Net income $342.8M · 0001104659-11-070659 · filed 2011-12-21 · 0001104659-10-063729 · filed 2010-12-21FY09Revenue $6.53BNet income $342.8M0001104659-11-070659 · filed 2011-12-21 · 0001104659-10-063729 · filed 2010-12-21FY2010 · Revenue $7.22B · Net income $395.6M · 0001104659-12-085141 · filed 2012-12-19FY10Revenue $7.22BNet income $395.6M0001104659-12-085141 · filed 2012-12-19FY2011 · Revenue $7.90B · Net income $474.2M · 0001104659-13-090853 · filed 2013-12-18FY11Revenue $7.90BNet income $474.2M0001104659-13-090853 · filed 2013-12-18FY2012 · Revenue $8.23B · Net income $500.1M · 0001104659-14-087276 · filed 2014-12-17FY12Revenue $8.23BNet income $500.1M0001104659-14-087276 · filed 2014-12-17FY2013 · Revenue $8.75B · Net income $526.2M · 0001104659-15-085151 · filed 2015-12-16FY13Revenue $8.75BNet income $526.2M0001104659-15-085151 · filed 2015-12-16FY2014 · Revenue $9.32B · Net income $602.7M · 0001104659-16-163147 · filed 2016-12-21FY14Revenue $9.32BNet income $602.7M0001104659-16-163147 · filed 2016-12-21FY2015 · Revenue $9.26B · Net income $686.1M · 0001104659-17-074227 · filed 2017-12-20FY15Revenue $9.26BNet income $686.1M0001104659-17-074227 · filed 2017-12-20FY2016 · Revenue $9.52B · Net income $890.1M · 0001104659-17-074227 · filed 2017-12-20 · 0000048465-18-000046 · filed 2018-12-07FY16Revenue $9.52BNet income $890.1M0001104659-17-074227 · filed 2017-12-20 · 0000048465-18-000046 · filed 2018-12-07FY2017 · Revenue $9.17B · Net income $846.7M · 0001104659-17-074227 · filed 2017-12-20 · 0000048465-19-000057 · filed 2019-12-06FY17Revenue $9.17BNet income $846.7M0001104659-17-074227 · filed 2017-12-20 · 0000048465-19-000057 · filed 2019-12-06FY2018 · Revenue $9.55B · Net income $1.01B · 0000048465-20-000043 · filed 2020-12-04FY18Revenue $9.55BNet income $1.01B0000048465-20-000043 · filed 2020-12-04FY2019 · Revenue $9.50B · Net income $978.8M · 0000048465-21-000067 · filed 2021-12-10FY19Revenue $9.50BNet income $978.8M0000048465-21-000067 · filed 2021-12-10FY2020 · Revenue $9.61B · Net income $908.1M · 0000048465-22-000051 · filed 2022-12-06FY20Revenue $9.61BNet income $908.1M0000048465-22-000051 · filed 2022-12-06FY2021 · Revenue $11.39B · Net income $908.8M · 0000048465-23-000083 · filed 2023-12-06FY21Revenue $11.39BNet income $908.8M0000048465-23-000083 · filed 2023-12-06FY2022 · Revenue $12.46B · Net income $1000.0M · 0000048465-24-000051 · filed 2024-12-05FY22Revenue $12.46BNet income $1000.0M0000048465-24-000051 · filed 2024-12-05FY2023 · Revenue $12.11B · Net income $793.6M · 0000048465-25-000059 · filed 2025-12-05FY23Revenue $12.11BNet income $793.6M0000048465-25-000059 · filed 2025-12-05FY2024 · Revenue $11.92B · Net income $805.0M · 0000048465-25-000059 · filed 2025-12-05FY24Revenue $11.92BNet income $805.0M0000048465-25-000059 · filed 2025-12-05FY2025 · Revenue $12.11B · Net income $478.2M · 0000048465-25-000059 · filed 2025-12-05FY25Revenue $12.11BNet income $478.2M0000048465-25-000059 · filed 2025-12-05FY25Revenue $12.11BNet income $478.2M0000048465-25-000059 · filed 2025-12-05FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 1.8× since FY2008 · net margin 4.2% → 4.0%

MarginsNet marginFCF margin
0%5%10%FY2008 · Net margin 4.2% · FCF margin 2.2%FY08Net margin 4.2%FCF margin 2.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 5.2% · FCF margin 7.1%FY09Net margin 5.2%FCF margin 7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 5.5% · FCF margin 5.5%FY10Net margin 5.5%FCF margin 5.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 6.0% · FCF margin 5.0%FY11Net margin 6.0%FCF margin 5.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 6.1% · FCF margin 4.7%FY12Net margin 6.1%FCF margin 4.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 6.0% · FCF margin 6.1%FY13Net margin 6.0%FCF margin 6.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 6.5% · FCF margin 6.3%FY14Net margin 6.5%FCF margin 6.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 7.4% · FCF margin 9.2%FY15Net margin 7.4%FCF margin 9.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 9.3% · FCF margin 8.2%FY16Net margin 9.3%FCF margin 8.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 9.2% · FCF margin 8.9%FY17Net margin 9.2%FCF margin 8.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 10.6% · FCF margin 8.9%FY18Net margin 10.6%FCF margin 8.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 10.3% · FCF margin 6.6%FY19Net margin 10.3%FCF margin 6.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 9.5% · FCF margin 7.9%FY20Net margin 9.5%FCF margin 7.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 8.0% · FCF margin 6.8%FY21Net margin 8.0%FCF margin 6.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 8.0% · FCF margin 6.9%FY22Net margin 8.0%FCF margin 6.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 6.6% · FCF margin 6.4%FY23Net margin 6.6%FCF margin 6.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 6.8% · FCF margin 8.5%FY24Net margin 6.8%FCF margin 8.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 4.0% · FCF margin 4.4%FY25Net margin 4.0%FCF margin 4.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 4.0%FCF margin 4.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 4.0% · free cash flow 4.4% of revenue

Cash engineOperating cash flowFree cash flow
$0$500M$1BFY2008 · OCF $271.6M · FCF $145.7M · 0001104659-10-063729 · filed 2010-12-21FY08OCF $271.6MFCF $145.7M0001104659-10-063729 · filed 2010-12-21FY2009 · OCF $558.8M · FCF $461.8M · 0001104659-10-063729 · filed 2010-12-21FY09OCF $558.8MFCF $461.8M0001104659-10-063729 · filed 2010-12-21FY2010 · OCF $485.5M · FCF $395.7M · 0001104659-10-063729 · filed 2010-12-21FY10OCF $485.5MFCF $395.7M0001104659-10-063729 · filed 2010-12-21FY2011 · OCF $490.5M · FCF $393.6M · 0001104659-13-090853 · filed 2013-12-18FY11OCF $490.5MFCF $393.6M0001104659-13-090853 · filed 2013-12-18FY2012 · OCF $517.8M · FCF $385.5M · 0001104659-14-087276 · filed 2014-12-17FY12OCF $517.8MFCF $385.5M0001104659-14-087276 · filed 2014-12-17FY2013 · OCF $637.8M · FCF $531.0M · 0001104659-15-085151 · filed 2015-12-16FY13OCF $637.8MFCF $531.0M0001104659-15-085151 · filed 2015-12-16FY2014 · OCF $746.9M · FCF $587.7M · 0001104659-16-163147 · filed 2016-12-21FY14OCF $746.9MFCF $587.7M0001104659-16-163147 · filed 2016-12-21FY2015 · OCF $992.0M · FCF $847.9M · 0001104659-17-074227 · filed 2017-12-20FY15OCF $992.0MFCF $847.9M0001104659-17-074227 · filed 2017-12-20FY2016 · OCF $1.04B · FCF $784.5M · 0000048465-18-000046 · filed 2018-12-07FY16OCF $1.04BFCF $784.5M0000048465-18-000046 · filed 2018-12-07FY2017 · OCF $1.03B · FCF $812.6M · 0000048465-19-000057 · filed 2019-12-06FY17OCF $1.03BFCF $812.6M0000048465-19-000057 · filed 2019-12-06FY2018 · OCF $1.24B · FCF $852.1M · 0000048465-20-000043 · filed 2020-12-04FY18OCF $1.24BFCF $852.1M0000048465-20-000043 · filed 2020-12-04FY2019 · OCF $923.0M · FCF $629.2M · 0000048465-21-000067 · filed 2021-12-10FY19OCF $923.0MFCF $629.2M0000048465-21-000067 · filed 2021-12-10FY2020 · OCF $1.13B · FCF $760.5M · 0000048465-22-000051 · filed 2022-12-06FY20OCF $1.13BFCF $760.5M0000048465-22-000051 · filed 2022-12-06FY2021 · OCF $1.00B · FCF $769.5M · 0000048465-23-000083 · filed 2023-12-06FY21OCF $1.00BFCF $769.5M0000048465-23-000083 · filed 2023-12-06FY2022 · OCF $1.13B · FCF $856.1M · 0000048465-24-000051 · filed 2024-12-05FY22OCF $1.13BFCF $856.1M0000048465-24-000051 · filed 2024-12-05FY2023 · OCF $1.05B · FCF $777.6M · 0000048465-25-000059 · filed 2025-12-05FY23OCF $1.05BFCF $777.6M0000048465-25-000059 · filed 2025-12-05FY2024 · OCF $1.27B · FCF $1.01B · 0000048465-25-000059 · filed 2025-12-05FY24OCF $1.27BFCF $1.01B0000048465-25-000059 · filed 2025-12-05FY2025 · OCF $845.3M · FCF $534.3M · 0000048465-25-000059 · filed 2025-12-05FY25OCF $845.3MFCF $534.3M0000048465-25-000059 · filed 2025-12-05FY25OCF $845.3MFCF $534.3M0000048465-25-000059 · filed 2025-12-05’09’13’17’21’25

FY2025: $845.3M operating cash − $310.9M capex = $534.3M free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%FY2009 · ROE 16.2% · ROA 9.3%FY09ROE 16.2%ROA 9.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 16.5% · ROA 9.8%FY10ROE 16.5%ROA 9.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 17.8% · ROA 11.2%FY11ROE 17.8%ROA 11.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 17.7% · ROA 11.0%FY12ROE 17.7%ROA 11.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 15.9% · ROA 10.7%FY13ROE 15.9%ROA 10.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 16.7% · ROA 11.0%FY14ROE 16.7%ROA 11.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 17.2% · ROA 11.2%FY15ROE 17.2%ROA 11.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 20.0% · ROA 14.0%FY16ROE 20.0%ROA 14.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 17.2% · ROA 12.1%FY17ROE 17.2%ROA 12.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 18.1% · ROA 12.4%FY18ROE 18.1%ROA 12.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 16.5% · ROA 12.1%FY19ROE 16.5%ROA 12.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 14.1% · ROA 9.2%FY20ROE 14.1%ROA 9.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 13.0% · ROA 7.2%FY21ROE 13.0%ROA 7.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 13.3% · ROA 7.5%FY22ROE 13.3%ROA 7.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 10.3% · ROA 5.9%FY23ROE 10.3%ROA 5.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 10.1% · ROA 6.0%FY24ROE 10.1%ROA 6.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 6.1% · ROA 3.6%FY25ROE 6.1%ROA 3.6%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 6.1%ROA 3.6%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 16% (FY2009) → 6% (FY2025) · on assets 3.6%

The receipts