Annual Financials for Hormel Foods Corporation (HRL)

20 Years of financial data for all companies
Including key metrics, annual/quarterly financials, and historic PE ratio.



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All numbers in thousands except per share items and ratios.
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Reported Currency: USD TTM 2024-10-27 2023-10-29 2022-10-30 2021-10-31 2020-10-25 2019-10-27 2018-10-28 2017-10-29 2016-10-30 2015-10-25 2014-10-26 2013-10-27 2012-10-28 2011-10-30 2010-10-31 2009-10-25 2008-10-26 2007-10-28 2006-10-29 2005-10-30
Revenue 11,920,797 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 9,263,863 9,316,256 8,751,654 8,230,670 7,895,089 7,220,719 6,533,671 6,754,903 6,193,032 5,745,481 5,413,997
Revenue Growth - -1.56% -2.80% 9.42% 18.50% 1.17% -0.51% 4.13% -3.74% 2.80% -0.56% 6.45% 6.33% 4.25% 9.34% 10.52% -3.28% 9.07% 7.79% 6.12%
Cost of Revenue 9,879,718 9,898,659 10,110,169 10,294,120 9,458,283 7,782,498 7,612,669 7,550,267 7,164,356 7,365,049 7,455,282 7,751,273 7,338,838 6,898,819 6,560,976 5,981,977 5,434,800 5,233,156 4,778,505 4,362,291 4,131,389
Gross Profit 2,041,079 2,022,138 1,999,841 2,164,686 1,927,906 1,825,964 1,884,648 1,995,433 2,003,163 2,158,175 1,808,581 1,564,983 1,412,816 1,331,851 1,334,113 1,238,742 1,098,871 1,521,747 1,414,527 1,383,190 1,282,608
Gross Profit Margin 17.13% 16.96% 16.51% 17.37% 16.93% 19.00% 19.84% 20.90% 21.85% 22.66% 19.52% 16.80% 16.14% 16.18% 16.90% 17.16% 16.82% 22.53% 22.84% 24.07% 23.69%
Research and Development 0 0 33,700 34,700 33,600 31,900 32,500 33,800 34,200 34,700 32,000 29,900 29,900 29,800 0 0 0 0 0 0 0
General and Administrative Expenses 993,544 1,005,294 908,467 879,265 853,071 761,315 727,584 838,205 762,104 871,974 743,611 650,948 627,340 605,868 618,586 605,293 567,085 1,012,321 934,077 937,034 864,034
Total Operating Expenses 981,707 959,763 927,795 879,265 853,071 761,315 727,584 838,205 762,104 871,974 743,611 650,948 627,340 605,868 591,829 605,293 567,085 1,012,321 934,077 932,481 10,858,509
Operating Income or Loss 1,067,349 1,067,932 1,072,046 1,312,607 1,122,599 1,100,220 1,196,265 1,198,921 1,280,469 1,323,895 1,067,320 931,620 805,989 764,674 742,284 646,575 533,414 513,661 483,920 450,709 424,099
Operating Margin 8.94% 8.96% 8.85% 10.54% 9.86% 11.45% 12.60% 12.56% 13.97% 13.90% 11.52% 10.00% 9.21% 9.29% 9.40% 8.95% 8.16% 7.60% 7.81% 7.84% 7.83%
Interest Expense 81,141 80,894 73,402 62,515 43,307 21,069 18,070 26,494 12,683 12,871 13,111 12,704 12,453 12,859 23,448 26,589 27,995 56,125 27,707 20,166 27,744
EBITDA 1,369,490 1,356,363 1,310,985 1,603,364 1,397,882 1,341,598 1,392,994 1,300,126 1,368,309 1,418,169 1,208,930 1,064,900 935,810 890,688 866,449 776,731 680,115 639,850 624,282 577,280 551,794
Depreciation and Amortization 257,756 257,756 253,311 262,753 228,406 205,781 165,209 161,858 130,977 131,968 133,434 130,044 124,850 119,494 124,165 125,591 127,138 126,189 126,738 121,101 115,189
Income Before Tax 1,035,435 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 1,057,143 922,152 798,507 758,335 718,836 624,551 524,982 457,536 469,837 430,543 404,886
Income Tax Expense 230,803 230,803 220,552 277,877 217,029 206,393 230,567 168,702 431,542 426,698 369,879 316,126 268,431 253,374 239,640 224,775 182,169 172,036 167,945 144,404 151,427
Net Income 805,038 805,038 793,572 999,987 908,839 908,082 978,806 1,012,140 846,735 890,052 686,088 602,677 526,211 500,050 474,195 395,587 342,813 285,500 301,892 286,139 253,459
Net Income Margin 6.74% 6.75% 6.55% 8.03% 7.98% 9.45% 10.31% 10.60% 9.24% 9.35% 7.41% 6.47% 6.01% 6.08% 6.01% 5.48% 5.25% 4.23% 4.87% 4.98% 4.68%
EPS 1.47 1.47 1.45 1.84 1.68 1.69 1.83 1.91 1.60 1.68 1.30 1.14 1.00 0.95 0.89 0.74 0.64 0.53 0.55 0.52 0.46
EPS Diluted 1.47 1.47 1.45 1.82 1.66 1.66 1.80 1.86 1.57 1.64 1.27 1.12 0.98 0.93 0.87 0.73 0.63 0.52 0.54 0.51 0.46
Weighted Average Shares Out - 548,129 546,421 544,918 541,114 538,007 534,578 530,742 528,363 529,290 528,144 527,624 528,634 526,932 532,788 533,464 536,908 541,440 548,864 551,380 552,160
Weighted Average Shares Out Diluted - 548,832 548,982 549,566 547,580 546,592 545,232 543,869 539,116 542,473 541,002 540,432 540,448 537,782 543,830 541,396 541,956 548,512 556,604 558,244 558,308

Reported Currency: USD Q4 2024-10-27 2023-10-29 2022-10-30 2021-10-31 2020-10-25 2019-10-27 2018-10-28 2017-10-29 2016-10-30 2015-10-25 2014-10-26 2013-10-27 2012-10-28 2011-10-30 2010-10-31 2009-10-25 2008-10-26 2007-10-28 2006-10-29 2005-10-30
Current Assets
Cash and Cash Equivalents 741,881 741,881 736,532 982,107 613,530 1,714,309 672,901 459,136 444,122 415,143 347,239 334,174 434,014 682,388 463,130 467,845 385,252 154,778 149,749 172,485 131,046
Short Term Investments 24,742 24,742 16,664 16,149 21,162 17,338 14,736 0 0 0 0 0 0 77,387 76,077 50,595 0 0 0 0 38,500
Cash + Short Term Investments 766,623 766,623 753,196 998,256 634,692 1,731,647 687,637 459,136 444,122 415,143 347,239 334,174 434,014 759,775 539,207 518,440 385,252 154,778 149,749 172,485 169,546
Net Receivables 868,288 817,908 824,633 874,770 904,012 743,868 594,320 604,433 640,697 609,592 611,821 635,204 551,500 523,501 485,533 439,464 372,292 411,010 366,621 341,916 301,001
Inventory 1,576,300 1,576,300 1,680,406 1,716,059 1,369,198 1,072,762 1,042,362 963,527 921,022 985,683 993,265 1,054,552 967,977 950,521 885,823 793,771 722,371 784,542 646,968 570,932 495,978
Other Current Assets 35,265 85,645 39,014 55,217 39,914 30,786 37,094 23,004 20,682 19,494 110,707 108,841 93,922 86,887 87,668 106,491 94,818 87,848 68,387 56,338 60,119
Total Current Assets 3,246,476 3,246,476 3,297,249 3,637,125 2,947,816 3,579,063 2,361,413 2,050,100 2,026,523 2,029,912 2,063,032 2,132,771 2,047,413 2,320,684 1,998,231 1,858,166 1,574,733 1,438,178 1,231,725 1,141,671 1,041,084
Non-Current Assets
Property, Plant and Equipment 2,194,728 2,194,728 2,297,738 2,141,146 2,109,117 1,898,222 1,629,111 1,512,600 1,203,251 1,105,449 1,011,739 1,001,767 955,333 924,480 907,090 922,103 952,713 977,657 966,601 910,810 877,676
Goodwill 4,923,487 4,923,487 4,928,464 4,925,829 4,929,102 2,612,727 2,481,645 2,714,116 2,119,813 1,834,497 1,699,484 1,226,406 934,472 630,875 630,884 629,023 620,155 619,325 595,756 550,706 0
Intangible Assets 1,732,704 1,732,705 1,757,171 1,803,027 1,822,273 1,076,285 1,033,862 1,207,219 3,146,827 2,737,755 2,526,703 1,781,296 1,312,565 753,947 132,046 770,545 761,009 151,219 162,237 147,975 641,686
Long Term Investments 719,481 719,481 725,121 271,058 299,019 308,372 289,157 273,153 242,369 239,590 258,998 264,451 270,609 286,537 295,698 214,389 86,599 93,617 102,060 0 0
Tax Assets 0 0 0 475,212 289,096 183,232 135,915 197,093 -242,369 6,223 -258,998 -264,451 25,086 144,245 59,814 72,426 122,007 89,249 66,220 7,387 1,253
Other Non-Current Assets 617,853 617,852 443,029 53,523 299,907 250,382 177,901 188,011 599,307 251,138 538,357 539,785 304,874 134,073 220,628 216,289 194,994 247,226 269,051 301,757 260,707
Total Non-Current Assets 10,188,253 10,188,253 10,151,523 9,669,795 9,748,514 6,329,220 5,747,591 6,092,192 4,949,385 4,340,155 4,076,799 3,322,848 2,868,467 2,243,282 2,246,160 2,195,752 2,117,322 2,178,293 2,161,925 1,918,635 1,781,322
Other Assets 0 0 0 4,935 5,477 4,777 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Assets 13,434,729 13,434,729 13,448,772 13,311,855 12,701,807 9,913,060 8,109,004 8,142,292 6,975,908 6,370,067 6,139,831 5,455,619 4,915,880 4,563,966 4,244,391 4,053,918 3,692,055 3,616,471 3,393,650 3,060,306 2,822,406
Current Liabilities
Accounts Payable 735,604 735,604 771,397 816,604 793,310 644,609 590,033 618,830 552,714 481,826 495,317 484,042 387,284 385,877 381,683 345,558 280,568 378,520 290,919 271,358 255,144
Short Term Debt 7,813 7,813 950,529 405 8,756 258,691 0 0 0 0 185,000 0 0 0 0 350,000 0 100,000 70,049 366 11,075
Tax Payables 21,916 21,916 15,212 32,925 23,520 22,480 6,208 2,490 525 4,331 6,764 5,507 8,637 4,864 8,137 9,339 15,127 12,302 11,381 0 0
Deferred Revenue 0 0 0 475,212 0 0 0 0 0 -1,535,022 -495,317 0 0 0 0 0 0 0 0 123,501 122,529
Other Current Liabilities 633,966 633,966 574,638 623,332 590,068 578,185 508,808 517,594 504,973 567,039 526,944 465,143 388,088 395,559 388,366 396,316 389,334 290,411 292,428 313,290 316,953
Total Current Liabilities 1,399,299 1,399,299 2,311,776 1,473,266 1,415,654 1,503,965 1,105,049 1,138,914 1,058,212 1,053,196 1,214,025 954,692 784,009 829,084 778,186 1,101,213 685,029 781,233 664,777 585,014 583,172
Non-Current Liabilities
Long Term Debt 2,850,944 2,850,944 2,467,956 3,382,202 3,416,563 1,044,936 250,000 624,840 250,000 250,000 250,000 250,000 250,000 250,000 250,000 0 350,000 350,000 350,005 350,054 350,430
Deferred Revenue 0 0 0 0 546,362 552,878 536,490 -203,103 0 -367,253 -64,096 -24,002 0 0 0 0 0 0 0 0 0
Deferred Tax 589,366 589,366 498,106 475,212 278,183 218,779 176,574 197,093 98,410 367,253 64,096 24,002 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 591,110 591,110 431,949 436,019 607,568 710,276 828,420 576,627 629,589 615,465 610,317 614,869 565,292 659,957 556,389 546,066 533,574 477,666 494,085 322,326 314,228
Total Non-Current Liabilities 4,031,420 4,031,420 3,398,011 4,293,434 4,302,314 1,973,991 1,078,420 1,398,560 977,999 865,465 924,413 888,871 815,292 909,957 806,389 546,066 883,574 827,666 844,090 672,380 664,658
Total Liabilities 5,430,719 5,430,719 5,709,787 5,766,700 5,717,968 3,477,956 2,183,469 2,537,474 2,036,211 1,918,661 2,138,438 1,843,563 1,599,301 1,739,041 1,584,575 1,647,279 1,568,603 1,608,899 1,508,867 1,257,394 1,247,830
Common Stock 8,037 8,037 8,007 8,002 7,946 7,909 7,830 7,825 7,741 7,742 7,741 7,724 7,725 7,707 7,734 7,793 7,828 7,883 7,951 8,066 8,078
Retained Earnings 7,677,537 7,677,537 7,492,952 7,313,374 6,881,870 6,523,335 6,128,207 5,729,956 5,162,571 4,736,567 4,216,125 3,805,654 3,452,529 3,135,317 2,824,331 2,568,774 2,318,390 2,112,873 1,978,643 1,821,202 1,588,161
Accumulated Other Comprehensive Income/Loss -263,331 -263,331 -272,252 -255,561 -277,269 -395,250 -399,500 -243,498 -248,075 -296,303 -225,668 -207,700 -149,214 -323,569 -175,483 -175,910 -202,766 -113,184 -101,811 -17,996 -24,923
Total Stockholders Equity 7,993,420 7,993,420 7,734,885 7,540,219 6,978,361 6,430,326 5,925,535 5,604,818 4,939,697 4,451,406 4,001,393 3,612,056 3,316,579 2,824,925 2,656,582 2,406,639 2,123,452 2,007,572 1,884,783 1,802,912 1,574,576
Total Investments 744,223 744,223 741,785 287,207 320,181 325,710 303,893 273,153 242,369 239,590 258,998 264,451 270,609 363,924 371,775 264,984 86,599 93,617 102,060 0 38,500
Total Debt 2,858,757 2,858,757 3,309,248 3,299,345 3,323,903 1,303,627 250,000 624,840 250,000 250,000 435,000 250,000 250,000 250,000 250,000 350,000 350,000 450,000 420,054 350,420 361,505
Net Debt 2,116,876 2,116,876 2,572,716 2,317,238 2,710,373 -410,682 -422,901 165,704 -194,122 -165,143 87,761 -84,174 -184,014 -432,388 -213,130 -117,845 -35,252 295,222 270,305 177,935 230,459

Reported Currency: USD TTM 2024-10-27 2023-10-29 2022-10-30 2021-10-31 2020-10-25 2019-10-27 2018-10-28 2017-10-29 2016-10-30 2015-10-25 2014-10-26 2013-10-27 2012-10-28 2011-10-30 2010-10-31 2009-10-25 2008-10-26 2007-10-28 2006-10-29 2005-10-30
Cash Flows from Operating Activities
Net Income 805,037 804,631 792,920 1,000,226 909,140 908,354 979,148 1,012,582 847,103 890,517 687,264 606,026 530,076 504,961 479,196 399,776 342,813 285,500 301,892 286,139 253,459
Depreciation & Amortization 257,756 257,756 253,311 262,753 228,406 205,781 165,209 161,858 130,977 131,968 133,434 130,044 124,850 119,494 124,165 125,591 127,138 126,189 126,738 121,101 115,189
Deferred Income Tax 87,670 87,670 31,794 177,000 28,677 32,039 28,641 -7,441 62,166 44,327 19,979 9,800 1,067 4,668 6,752 29,429 -311 -9,713 -6,529 -26,736 -30,834
Stock Based Compensation 23,233 23,233 24,077 24,943 24,744 22,458 19,707 20,595 15,591 17,829 15,717 14,393 17,596 16,710 17,229 14,402 12,054 0 0 0 0
Change in Working Capital 68,158 68,158 -124,758 -371,792 -165,786 -29,013 -221,361 50,010 31,936 -30,628 149,757 10,809 -17,121 -106,674 -102,781 -65,683 82,199 -162,169 -84,714 -67,215 96,681
Accounts Receivable 1,899 1,899 48,998 28,365 -191,627 -119,516 -11,146 36,133 -28,091 21,389 22,451 -20,486 -44,459 -45,931 -30,171 -58,647 38,718 -42,844 -9,806 0 0
Inventory 95,283 95,283 35,714 -351,663 -145,176 -1,839 -123,843 -8,293 41,312 -12,281 82,437 -21,645 31,699 -64,698 -92,052 -73,909 62,116 0 0 -21,722 -13,340
Accounts Payable -27,200 -27,200 -140,519 -14,511 115,099 111,277 -44,109 48,376 -2,553 -74,679 -7,429 72,307 -10,747 -484 14,245 102,138 67,312 0 0 0 0
Other Working Capital -1,824 -1,824 -68,951 -33,983 55,918 -18,935 -42,263 -26,206 21,268 34,943 52,298 -19,367 6,386 4,439 5,197 -35,265 -85,947 -119,325 -74,908 -45,493 110,021
Other Non-Cash Items 185,056 25,290 70,503 41,847 -23,247 -11,595 -48,348 4,125 -77,577 -61,165 -14,159 -24,193 -18,663 -21,378 -34,082 -17,983 -13,124 4,290 9,029 13,285 -5,648
Net Cash Provided by Operating Activities 1,266,738 1,266,738 1,047,847 1,134,977 1,001,934 1,128,024 922,996 1,241,729 1,010,196 992,848 991,992 746,879 637,805 517,781 490,479 485,532 550,769 271,622 336,929 326,574 428,847
Cash Flows from Investing Activities
Investments in Property, Plant, and Equipment -256,441 -256,441 -270,211 -277,694 -230,200 -367,501 -256,436 -379,858 -217,276 -249,297 -125,562 -148,853 -96,598 -127,739 -92,525 -84,908 -91,958 -125,890 -125,795 -141,516 -107,094
Acquisitions Net 30,657 0 -427,709 2,404 -3,396,246 -270,789 479,806 -857,668 -384,519 -170,740 -770,587 -466,204 -665,415 -168 -7,207 -28,104 -701 -27,225 -125,101 -78,925 -366,496
Purchases of Investments -12,787 -14,058 0 2,493 -4,364 -19,941 -14,496 -7,546 -4,010 -6,227 -4,798 -1,718 -6,619 -4,564 -71,253 -145,464 -2,371 -156,573 -603,836 -136,460 -118,300
Sales/Maturities of Investments 1 0 0 -2,404 4,364 3,772 11,279 2,158 8,792 11,078 -18,501 -10,285 77,558 21,143 -4,386 -4,915 7,431 151,308 576,456 176,877 207,218
Other Investing Activities 8,171 33,592 8,376 17,164 607 -1,857 11,279 7,546 4,010 6,227 18,501 10,285 81,103 4,564 4,386 4,915 2,371 4,155 12,419 9,500 3,713
Net Cash Used for Investing Activities -230,399 -236,907 -689,544 -258,037 -3,625,839 -656,316 220,153 -1,235,368 -593,003 -408,959 -900,947 -616,775 -691,074 -106,764 -170,985 -258,476 -85,228 -154,225 -265,857 -170,524 -380,959
Cash Flows from Financing Activities
Debt Repayment -461,252 -461,252 -6,847 -8,673 2,017,675 984,013 -374,840 374,840 0 -185,000 185,000 0 0 0 -102,436 0 -100,000 29,946 61,083 -11,085 -15,765
Common Stock Issued 25,223 0 0 79,827 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Common Stock Repurchased -280 0 -12,303 0 -19,958 -12,360 -174,246 -46,898 -94,487 -87,885 -24,928 -58,937 -70,819 -61,366 -152,930 -69,574 -38,147 -69,551 -86,794 -36,978 -22,977
Dividends Paid -614,960 -614,960 -592,932 -557,838 -523,114 -487,376 -437,053 -388,107 -346,010 -296,493 -250,834 -203,156 -174,320 -152,204 -129,975 -109,374 -101,376 -95,531 -81,092 -75,840 -69,371
Other Financing Activities 37,555 46,116 12,018 79,828 45,917 81,895 59,895 71,803 21,726 59,732 20,135 32,723 49,618 20,821 61,132 34,485 4,456 22,768 12,995 9,292 9,996
Net Cash Used Provided by Financing Activities -1,036,604 -1,030,096 -600,064 -486,684 1,520,520 566,172 -926,244 11,638 -418,771 -509,646 -70,627 -229,370 -195,521 -191,759 -324,209 -144,463 -235,067 -112,368 -93,808 -114,611 -96,723
Effect of Forex Changes on Cash 5,614 5,614 -3,814 -21,679 2,606 3,526 -3,140 -2,985 1,044 -6,339 -7,353 -574 416 990 0 0 0 0 0 0 0
Net Change in Cash 5,349 5,349 -245,575 368,577 -1,100,779 1,041,408 213,765 15,014 28,979 67,904 13,065 -99,840 -248,374 219,258 -4,715 82,593 230,474 5,029 -22,736 41,439 -48,835
Cash at End of Period 3,728,937 741,881 736,532 982,107 613,530 1,714,309 672,901 459,136 444,122 415,143 347,239 334,174 434,014 682,388 463,130 467,845 385,252 154,778 149,749 172,485 131,046
Cash at Start of Period 3,723,588 736,532 982,107 613,530 1,714,309 672,901 459,136 444,122 415,143 347,239 334,174 434,014 682,388 463,130 467,845 385,252 154,778 149,749 172,485 131,046 179,881
Free Cash Flow
Operating Cash Flow 1,266,738 1,266,738 1,047,847 1,134,977 1,001,934 1,128,024 922,996 1,241,729 1,010,196 992,848 991,992 746,879 637,805 517,781 490,479 485,532 550,769 271,622 336,929 326,574 428,847
Capital Expenditure -256,441 -256,441 -270,211 -277,694 -230,200 -367,501 -256,436 -379,858 -217,276 -249,297 -125,562 -148,853 -96,598 -127,739 -92,525 -84,908 -91,958 -125,890 -125,795 -141,516 -107,094
Free Cash Flow 1,010,297 1,010,297 777,636 857,283 771,734 760,523 666,560 861,871 792,920 743,551 866,430 598,026 541,207 390,042 397,954 400,624 458,811 145,732 211,134 185,058 321,753