Latest revenue
$3.03B
as of 2026-01-25
Latest net income
$181.8M
as of 2026-01-25
Net margin
6.0%
as of 2026-01-25
Price · 5Y
Live market
delayed ≤15 min- Market cap
- —
- Enterprise value
- —
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 5.5%
- 52-wk high
- $31.86
- 52-wk low
- $19.70
- Beta
- —
- Shares out
- —
5-year trend
What this company does
Hormel Foods makes and sells branded packaged meats and food products, including Spam, Skippy, Jennie-O turkey, Planters nuts, Applegate, and Hormel chili. The company generates revenue primarily from selling these products to retail grocers, foodservice operators, and international distributors, posting $3.03 billion in quarterly net sales. Earnings rose modestly year-over-year to $182 million, helped by a $24 million gain on a business divestiture as management continues reshaping the portfolio toward higher-margin branded categories.
Generated from HRL's filing dated 2025-12-05
Key risks
- Margin compression: gross margin fell to 15.5% from 15.9% YoY as cost of products sold growth (+1.8%) outpaced sales growth (+1.3%).
- Goodwill/intangibles of $6.48B equal 82% of shareholders' equity ($7.95B); any brand impairment (e.g., Planters, Justin's) would materially hit book value.
- Leverage: $2.86B long-term debt against only $234M quarterly pretax earnings; interest expense of $19.7M persists amid soft volume growth.
Generated from HRL's filing dated 2025-12-05
Profitability
Gross margin
15.6%
7.9%Operating margin
5.9%
33.7%Net margin
4.0%
41.5%Return on equity
6.1%
39.9%Return on assets
3.6%
40.4%Leverage
Debt / equity
0.70×
2.1%Long-term debt / equity
0.36×
1.2%Debt / assets
41.0%
1.2%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-01-25 | $3.03B | +1.3% | $181.8M | +6.6% | 6.0% |
Q4 2025 2025-10-26 | $3.19B | +1.5% | $-56.1M | -125.5% | -1.8% |
Q3 2025 2025-07-27 | $3.03B | +4.6% | $183.7M | +4.0% | 6.1% |
Q2 2025 2025-04-27 | $2.90B | +0.4% | $180.0M | -4.9% | 6.2% |
Q1 2025 2025-01-26 | $2.99B | -0.3% | $170.6M | -22.1% | 5.7% |
Q4 2024 2024-10-27 | $3.14B | — | $220.2M | — | 7.0% |
Q3 2024 2024-07-28 | $2.90B | -2.2% | $176.7M | +8.6% | 6.1% |
Q2 2024 2024-04-28 | $2.89B | — | $189.3M | — | 6.6% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Meat Packing Plants · SIC 2011
Your notes
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Insider activity
Insider buying
$0
Insider selling
$321.6K
Net activity
−$321.6K
Distinct insiders
1
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns HRL
Institutional value
$3.16B
Total shares held
141.6M
Distinct holders
445
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 23.7M | $537.1M | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 19.3M | $436.5M | — | New |
| 3 | Invesco Ltd. | 14.9M | $337.9M | — | New |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 14.7M | $332.6M | — | New |
| 5 | DIMENSIONAL FUND ADVISORS LP | 6.8M | $155.2M | — | New |
| 6 | ProShare Advisors LLC | 6.8M | $154.5M | — | New |
| 7 | UBS Group AG | 4.8M | $107.8M | — | New |
| 8 | Nuveen, LLC | 3.1M | $70.8M | — | New |
| 9 | FIRST TRUST ADVISORS LP | 2.8M | $64.4M | — | New |
| 10 | JPMORGAN CHASE & CO | 2.2M | $49.7M | — | New |
| 11 | Vest Financial, LLC | 2.1M | $48.0M | — | New |
| 12 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 2.0M | $45.4M | — | New |
| 13 | DEUTSCHE BANK AG\ | 1.9M | $42.9M | — | New |
| 14 | NOMURA ASSET MANAGEMENT CO LTD | 1.7M | $37.7M | — | New |
| 15 | VANGUARD FIDUCIARY TRUST CO | 1.6M | $37.4M | — | New |
| 16 | STIFEL FINANCIAL CORP | 1.5M | $34.8M | — | New |
| 17 | MILLER HOWARD INVESTMENTS INC /NY | 1.4M | $32.2M | — | New |
| 18 | Bank of New York Mellon Corp | 1.4M | $32.1M | — | New |
| 19 | Legal & General Group Plc | 1.1M | $24.5M | — | New |
| 20 | GRANDFIELD & DODD, LLC | 995.1K | $22.5M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Gross margin compressed to 15.5% from 15.9% despite only 1.3% sales growth—what specific input or pricing dynamic drove this, and is it structural?
- 2
Excluding the $23.5M divestiture gain, organic operating income actually declined year-over-year—can you quantify underlying Planters and turkey segment performance?
- 3
Goodwill and intangibles total $6.5B against $7.9B equity; given flat volumes, when do you next test Planters for impairment?
Refreshed when HRL files a new report · last from 2025-12-05