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Screener / SEC EDGAR /CIK 0000048465 /10-K filed Dec 5, 2025, compared with Dec 5, 2024 /Numbers from the XBRL of the 10-Ks
Consumer staples peers:
HRLMNSTSTZSJMHSYEL
NYSE Consumer staples · Meat Products

Hormel Foods HRL

HRL quote by TradingView

Hormel Foods Corporation, a Delaware corporation, was founded by George A. Hormel in 1891 in Austin, Minnesota, as Geo. 10-K, Item 1

Headquarters
Austin, MN
CEO
James P. Snee
Next results
around Dec 3, 2026
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $12.1B through the costs to a net profit of $478.2M · income statement of the 10-K

6% operating margin
Revenue to Gross profit: $1.9BRevenue to Cost of revenue: $10.2BGross profit to Operating profit: $718.6MGross profit to Operating expenses: $1.2BOperating profit to Net profit: $478.2MOperating profit to Tax & other: $240.4MOperating expenses to R&D: $35.2MOperating expenses to Sales, admin & other: $1.1B Revenue: $12.1B REVENUE $12.1B +2% Y/Y Gross profit: $1.9B · 16% margin GROSS PROFIT $1.9B 16% margin · −6% Y/Y Cost of revenue: $10.2B · 84% of revenue COST OF REVENUE $10.2B 84% of revenue Operating profit: $718.6M · 6% margin OPERATING PROFIT $718.6M 6% margin · −33% Y/Y Operating expenses: $1.2B · 10% of revenue OPERATING EXPENSES $1.2B 10% of revenue Net profit: $478.2M · 4% margin NET PROFIT $478.2M 4% margin · −41% Y/Y Tax & other: $240.4M · 2% of revenue TAX & OTHER $240.4M 2% of revenue R&D: $35.2M · 0% of revenue R&D $35.2M 0% of revenue Sales, admin & other: $1.1B · 9% of revenue SALES, ADMIN & OTHER $1.1B 9% of revenue
Gross profit $1.9B 16% margin · −6% Y/Y
Operating profit $718.6M 6% margin · −33% Y/Y
Net profit $478.2M 4% margin · −41% Y/Y
The full income statement, year by year

HRL among Consumer staples peers

Six ratios from the latest 10-K. Each corner is the share of 32 peers the company is above, not a score.

Compare
Revenue growth: 1.6%, above 38% of 32 peers (their median 2.2%) REVENUE GROWTH 1.6% · above 38% Gross margin: 15.7%, above 13% of 30 peers (their median 40.5%) GROSS MARGIN 15.7% · above 13% Operating margin: 4.7%, above 25% of 28 peers (their median 14.1%) OPERATING MARGIN 4.7% · above 25% Net margin: 2.8%, above 25% of 32 peers (their median 8.8%) NET MARGIN 2.8% · above 25% FCF margin: 6.4%, above 31% of 32 peers (their median 10.7%) FCF MARGIN 6.4% · above 31% Return on capital: 4.8%, above 12% of 24 peers (their median 12.3%) RETURN ON CAPITAL 4.8% · above 12%
HRL Peer median Below the median

What changed

23 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Dec 5, 2025 against Dec 5, 2024.

Risk factors
23 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: Indefinite-lived Intangible Asset Impairment Analysis of Planters Trade Name (“At October 26, 2025, the Company’s indefinite-lived intangible asset balance was $1.56 billion, which includes the Planters trade name. As described in Note C, the company recorded an impairment charge of $59.1 million related to the Planters trade name asset during fiscal year 2025. As disclosed in”). Same as last year: Valuation of Pension Plan Assets
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
1 open-market buy in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Critical audit matters changed
    New this year: Indefinite-lived Intangible Asset Impairment Analysis of Planters Trade Name (“At October 26, 2025, the Company’s indefinite-lived intangible asset balance was $1.56 billion, which includes the Planters trade name. As described in Note C, the company recorded an impairment charge of $59.1 million related to the Planters trade name asset during fiscal year 2025. As disclosed in”). Same as last year: Valuation of Pension Plan Assets
  • Receivables -4.0% vs revenue +1.6% (-5.6 pts)
9 more checks with nothing to note
  • Cash from operations $845.3M vs net income $478.2M (FY ending Oct 26, 2025)
  • Inventory +10.8% vs revenue +1.6% (+9.3 pts)
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

23 paragraphs in Risk Factors that were not in the 10-K filed Dec 5, 2024. Quoted as filed.

All 23 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Dec 5, 2024 10-K, ITEM 1A
    During the Company’s fiscal 2025 quantitative impairment testing, the International reporting unit with a goodwill balance of $258.9 million was identified as having modest fair value in excess of its carrying amount and is considered at heightened risk of impairment. Separately, impairments were recognized on the Planters® and…
  2. Item 1A · new paragraph · not in the 10-K filed Dec 5, 2024 10-K, ITEM 1A
    Furthermore, in the fourth quarter of fiscal 2025, the Company commenced a corporate restructuring plan, the focus of which is to reduce administrative expenses, improve efficiencies, and align the workforce to the Company’s future needs, while enabling continued investment in the Company’s growth. The program includes a voluntary early…
  3. Item 1A · new paragraph · not in the 10-K filed Dec 5, 2024 10-K, ITEM 1A
    The Company relies on suppliers, distributors, and other third parties to source key inputs, deliver products to customers, and support its operations. Any termination of, or adverse change in, the Company's relationship with any of these companies could decrease the Company's sales, increase the Company's costs, and negatively impact…
  4. Item 1A · new paragraph · not in the 10-K filed Dec 5, 2024 10-K, ITEM 1A
    Deterioration of labor relations, labor availability or increases in labor costs could harm the Company’s business. The Company's ability to meet its labor needs while controlling its costs is subject to external factors such as labor laws and regulations, labor availability, unemployment levels, prevailing wage rates, benefit costs,…

New risk paragraphs, against peers

Latest 10-K of each, Consumer staples companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$12.5B$12.1B$11.9B$12.1B
Net income$1000.0M$793.6M$805.0M$478.2M
Operating cash flow$1.1B$1.0B$1.3B$845.3M
Free cash flow$856.1M$777.6M$1.0B$534.3M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$12.1B ▲ 1.6% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Hormel Foods, Austin, MN · from the 10-K filed Dec 5, 2025

Hormel Foods Corporation, a Delaware corporation, was founded by George A. Hormel in 1891 in Austin, Minnesota, as Geo. A. Hormel & Company. The Company originated as a processor of meat and food products and continues in this line of business today. The Company has expanded its product portfolio through organic growth and acquisitions to become a global branded food company with more than $12 billion in annual revenue.

Headquarters
Austin, MN
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
October 25
Last results
Aug 27, 2026
Incorporated in
DE

Email alerts

Sources

The 10-K filed Dec 5, 2025 (open at SEC), compared with the 10-K filed Dec 5, 2024. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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