Hormel Foods Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Oct 26, 2025 · FY), Hormel Foods Corp reported revenue of $12.1B (+1.6% year on year) and net income of $478.2M (-40.6% year on year).
| Line item | Oct 26, 2025 · FY | Oct 27, 2024 · FY | Oct 29, 2023 · FY | Oct 30, 2022 · FY |
|---|---|---|---|---|
| Net Sales | $12.1B | $11.9B | $12.1B | $12.5B |
| Cost of Products Sold | $10.2B | $9.9B | $10.1B | $10.3B |
| Gross Profit | $1.9B | $2.0B | $2.0B | $2.2B |
| Selling, General, and Administrative | $996.6M | $1.0B | $942.2M | $879.3M |
| Equity in Earnings of Affiliates | ($105.8M) | $51.1M | $42.8M | $27.2M |
| Goodwill and Intangible Impairment | $70.8M | $0 | $28.4M | — |
| Operating Income | $718.6M | $1.1B | $1.1B | $1.3B |
| Interest Income | $24.2M | — | — | — |
| Interest Expense | $78.0M | $80.9M | $73.4M | $62.5M |
| Other Income (Expense), Net | ($1.3M) | — | — | — |
| Earnings Before Income Taxes | $663.4M | $1.0B | $1.0B | $1.3B |
| Provision for Income Taxes | $185.7M | $230.8M | $220.6M | $277.9M |
| Net Earnings | $477.8M | $804.6M | $792.9M | $1.0B |
| Less: Net Earnings (Loss) Attributable to Noncontrolling Interest | ($433.0K) | ($407.0K) | ($653.0K) | $239.0K |
| Net Earnings Attributable to Hormel Foods Corporation | $478.2M | $805.0M | $793.6M | $1000.0M |
| Basic (in dollars per share) | $0.87 | $1.47 | $1.45 | $1.84 |
| Diluted (in dollars per share) | $0.87 | $1.47 | $1.45 | $1.82 |
| Basic (in shares) | 550.2M | 548.1M | 546.4M | 544.9M |
| Diluted (in shares) | 550.5M | 548.8M | 549.0M | 549.6M |
| Line item | Jul 26, 2026 · Q3 | Apr 26, 2026 · Q2 | Jan 25, 2026 · Q1 | Jul 27, 2025 · Q3 |
|---|---|---|---|---|
| Net Sales | $3.0B | $3.0B | $3.0B | $3.0B |
| Cost of Products Sold | $2.5B | $2.5B | $2.6B | $2.5B |
| Gross Profit | $471.5M | $518.5M | $469.6M | $487.3M |
| Selling, General, and Administrative | $323.5M | $318.6M | $241.7M | $258.7M |
| Equity in Earnings of Affiliates | ($37.1M) | $17.2M | $15.8M | $11.2M |
| Operating Income | $110.9M | $217.1M | $243.7M | $239.7M |
| Interest Income | $6.7M | $6.5M | $6.5M | — |
| Interest Expense | $19.6M | $19.8M | $19.7M | $19.5M |
| Other Income (Expense), Net | $5.2M | $2.3M | $3.8M | — |
| Earnings Before Income Taxes | $103.2M | $206.1M | $234.3M | $236.5M |
| Provision for Income Taxes | $43.6M | $48.7M | $52.5M | $52.8M |
| Net Earnings | $59.5M | $157.4M | $181.8M | $183.7M |
| Less: Net Earnings (Loss) Attributable to Noncontrolling Interest | ($55.0K) | ($96.0K) | ($32.0K) | ($46.0K) |
| Net Earnings Attributable to Hormel Foods Corporation | $59.6M | $157.5M | $181.8M | $183.7M |
| Basic (in dollars per share) | $0.11 | $0.29 | $0.33 | $0.33 |
| Diluted (in dollars per share) | $0.11 | $0.29 | $0.33 | $0.33 |
| Basic (in shares) | 550.7M | 550.6M | 550.5M | 550.4M |
| Diluted (in shares) | 551.1M | 550.9M | 550.7M | 550.7M |
| Line item | Oct 26, 2025 · FY | Oct 27, 2024 · FY | Oct 29, 2023 · FY | Oct 30, 2022 · FY |
|---|---|---|---|---|
| Cash and Cash Equivalents | $670.7M | $741.9M | $736.5M | $982.1M |
| Short-term Marketable Securities | $32.9M | $24.7M | $16.7M | $16.1M |
| Accounts Receivable (Net of Allowance of $3,743 and $3,712, respectively) | $784.8M | $817.9M | $817.4M | $867.6M |
| Inventories | $1.7B | $1.6B | $1.7B | $1.7B |
| Taxes Receivable | $96.8M | $50.4M | $7.2M | $7.2M |
| Prepaid Expenses and Other Current Assets | $73.2M | $35.3M | $39.0M | $48.0M |
| Total Current Assets | $3.4B | $3.2B | $3.3B | $3.6B |
| Goodwill | $4.9B | $4.9B | $4.9B | $4.9B |
| Intangible Assets | $1.6B | $1.7B | $1.8B | $1.8B |
| Pension Assets | $211.8M | $206.0M | $204.7M | $245.6M |
| Investments in Affiliates | $534.0M | $719.5M | $725.1M | $271.1M |
| Other Assets | $431.5M | $411.9M | $370.3M | $283.2M |
| Property, Plant, and Equipment, Net | $2.2B | $2.2B | $2.2B | $2.1B |
| Total Assets | $13.4B | $13.4B | $13.4B | $13.3B |
| Accounts Payable | $731.6M | $735.6M | $771.4M | $816.6M |
| Accrued Expenses | $55.8M | $66.4M | $51.7M | $58.8M |
| Accrued Marketing Expenses | $113.9M | $108.2M | $87.5M | $113.1M |
| Employee-related Expenses | $273.4M | $283.5M | $263.3M | $279.1M |
| Interest and Dividends Payable | $180.7M | $175.9M | $172.2M | $164.0M |
| Taxes Payable | $18.8M | $21.9M | $15.2M | $32.9M |
| Current Maturities of Long-term Debt | $6.6M | $7.8M | $950.5M | $8.8M |
| Total Current Liabilities | $1.4B | $1.4B | $2.3B | $1.5B |
| Long-term Debt Less Current Maturities | $2.9B | $2.9B | $2.4B | $3.3B |
| Pension and Postretirement Benefits | $359.0M | $379.9M | $349.3M | $385.8M |
| Deferred Income Taxes | $661.3M | $589.4M | $498.1M | $475.2M |
| Other Long-term Liabilities | $225.4M | $211.2M | $191.9M | $141.8M |
| Preferred Stock, Par Value $0.01 a Share — Authorized 160,000,000 Shares; Issued — None | 0 | 0 | 0 | 0 |
| Common Stock | $8.1M | $8.0M | $8.0M | $8.0M |
| Additional Paid-in Capital | $620.1M | $571.2M | $506.2M | $469.5M |
| Accumulated Other Comprehensive Loss | ($243.6M) | ($263.3M) | ($272.3M) | ($255.6M) |
| Retained Earnings | $7.5B | $7.7B | $7.5B | $7.3B |
| Hormel Foods Corporation Shareholders’ Investment | $7.9B | $8.0B | $7.7B | $7.5B |
| Noncontrolling Interest | $14.6M | $10.6M | $4.1M | $4.9M |
| Total Shareholders’ Investment | $7.9B | $8.0B | $7.7B | $7.5B |
| Total Liabilities and Shareholders’ Investment | $13.4B | $13.4B | $13.4B | $13.3B |
| Line item | Jul 26, 2026 | Apr 26, 2026 | Jan 25, 2026 | Jul 27, 2025 |
|---|---|---|---|---|
| Cash and Cash Equivalents | $839.6M | $826.8M | $867.9M | $599.2M |
| Short-term Marketable Securities | $28.8M | $33.1M | $33.3M | $31.5M |
| Accounts and Other Receivables, Net | $733.5M | $760.1M | — | — |
| Inventories | $1.8B | $1.8B | $1.6B | $1.8B |
| Taxes Receivable | $58.7M | $58.8M | $58.8M | $50.6M |
| Prepaid Expenses and Other Current Assets | $53.4M | $64.0M | $84.7M | $55.1M |
| Assets Held for Sale | $10.7M | — | — | — |
| Total Current Assets | $3.5B | $3.5B | $3.4B | $3.3B |
| Goodwill | $4.9B | $4.9B | $4.9B | $4.9B |
| Intangible Assets | $1.6B | $1.6B | $1.6B | $1.7B |
| Pension Assets | $204.1M | $206.7M | $209.3M | $192.1M |
| Investments in Affiliates | $527.9M | $568.5M | $577.1M | $698.6M |
| Other Assets | $430.1M | $451.8M | $423.8M | $426.1M |
| Property, Plant, and Equipment, Net | $2.2B | $2.2B | $2.2B | $2.2B |
| Total Assets | $13.3B | $13.3B | $13.3B | $13.5B |
| Accounts Payable | $678.0M | $669.4M | $670.9M | $707.8M |
| Accrued Expenses | $93.2M | $78.7M | $60.4M | $59.0M |
| Accrued Marketing Expenses | $133.3M | $122.5M | $129.8M | $117.3M |
| Employee-related Expenses | $250.1M | $241.5M | $224.5M | $251.9M |
| Interest and Dividends Payable | $175.6M | $182.2M | $175.9M | $174.4M |
| Taxes Payable | $10.7M | $3.1M | $5.0M | $28.5M |
| Current Maturities of Long-term Debt | $505.6M | $505.3M | $6.5M | $6.7M |
| Liabilities Held for Sale | $27.5M | — | — | — |
| Total Current Liabilities | $1.9B | $1.8B | $1.3B | $1.3B |
| Long-term Debt Less Current Maturities | $2.3B | $2.4B | $2.9B | $2.9B |
| Pension and Postretirement Benefits | $351.2M | $353.6M | $356.1M | $386.6M |
| Deferred Income Taxes | $653.4M | $657.4M | $663.9M | $595.1M |
| Other Long-term Liabilities | $204.3M | $215.6M | $219.3M | $226.3M |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Common Stock | $8.1M | $8.1M | $8.1M | $8.1M |
| Additional Paid-in Capital | $640.5M | $635.7M | $626.0M | $617.6M |
| Accumulated Other Comprehensive Loss | ($236.9M) | ($228.0M) | ($233.0M) | ($275.0M) |
| Retained Earnings | $7.4B | $7.5B | $7.5B | $7.7B |
| Hormel Foods Corporation Shareholders’ Investment | $7.8B | $7.9B | $7.9B | $8.1B |
| Noncontrolling Interest | $16.2M | $14.6M | $14.7M | $9.8M |
| Total Shareholders’ Investment | $7.9B | $8.0B | $8.0B | $8.1B |
| Total Liabilities and Shareholders’ Investment | $13.3B | $13.3B | $13.3B | $13.5B |
| Line item | Oct 26, 2025 · FY | Oct 27, 2024 · FY | Oct 29, 2023 · FY | Oct 30, 2022 · FY |
|---|---|---|---|---|
| Net Earnings | $477.8M | $804.6M | $792.9M | $1.0B |
| Depreciation | $241.2M | $233.8M | $227.3M | $213.0M |
| Amortization | $22.7M | $23.9M | $26.0M | $49.7M |
| Equity in Earnings of Affiliates | $105.8M | ($51.1M) | ($42.8M) | ($27.2M) |
| Distributions Received from Equity Method Investees | $50.1M | $46.1M | $38.2M | $43.0M |
| Provision for Deferred Income Taxes | $52.9M | $87.7M | $31.8M | $177.0M |
| Non-cash Investment Activities | ($14.0M) | ($23.6M) | ($2.4M) | — |
| Stock-based Compensation Expense | $25.6M | $23.2M | $24.1M | $24.9M |
| Operating Lease Cost | $41.9M | $37.6M | $29.1M | — |
| Goodwill and Intangible Impairment | $70.8M | $0 | $28.4M | — |
| Loss (Gain) on Sale of Business | $10.8M | — | — | — |
| Other Non-cash, Net | $3.1M | $16.3M | $20.0M | $19.3M |
| Decrease (Increase) in Accounts Receivable | $32.7M | $1.9M | $49.0M | $28.4M |
| Decrease (Increase) in Inventories | ($172.3M) | $95.3M | $35.7M | ($351.7M) |
| Decrease (Increase) in Prepaid Expenses and Other Assets | ($18.6M) | $13.1M | ($68.7M) | ($15.5M) |
| Increase (Decrease) in Pension and Postretirement Benefits | $31.8M | $24.4M | $18.3M | ($29.4M) |
| Increase (Decrease) in Accounts Payable and Accrued Expenses | ($69.3M) | ($27.2M) | ($140.5M) | ($14.5M) |
| Increase (Decrease) in Net Income Taxes Payable | ($47.6M) | ($39.3M) | ($18.6M) | $10.9M |
| Net Cash Provided by (Used in) Operating Activities | $845.3M | $1.3B | $1.0B | $1.1B |
| Net Sale (Purchase) of Securities | ($6.9M) | ($6.1M) | ($42.0K) | — |
| Proceeds from Sale of Business | $13.1M | $25.0M | — | — |
| Purchases of Property, Plant, and Equipment | ($310.9M) | ($256.4M) | ($270.2M) | ($278.9M) |
| Proceeds from Sales of Property, Plant, and Equipment | $132.0K | $474.0K | $5.3M | $1.2M |
| Proceeds from (Purchases of) Affiliates and Other Investments | ($4.7M) | ($8.0M) | ($427.7M) | $2.4M |
| Proceeds from Company-owned Life Insurance | $10.7M | $8.1M | $3.1M | $14.8M |
| Net Cash Provided by (Used in) Investing Activities | ($298.6M) | ($236.9M) | ($689.5M) | ($258.0M) |
| Proceeds from Long-term Debt | $0 | $497.8M | $2.0M | $0 |
| Payment of Debt Issuance Costs | $0 | ($1.1M) | — | — |
| Repayments of Long-term Debt and Finance Leases | ($7.8M) | ($959.0M) | ($8.8M) | ($8.7M) |
| Dividends Paid on Common Stock | ($633.2M) | ($615.0M) | ($592.9M) | ($557.8M) |
| Share Repurchase | $0 | $0 | ($12.3M) | $0 |
| Proceeds from Stock-based Compensation Plans, Net of Withholding Taxes | $22.1M | $40.7M | $12.0M | $79.8M |
| Proceeds from Noncontrolling Interest | $5.0M | $6.5M | — | $0 |
| Net Cash Provided by (Used in) Financing Activities | ($614.0M) | ($1.0B) | ($600.1M) | ($486.7M) |
| Effect of Exchange Rate Changes on Cash | ($3.9M) | $5.6M | ($3.8M) | ($21.7M) |
| Increase (Decrease) in Cash and Cash Equivalents | ($71.2M) | $5.3M | ($245.6M) | $368.6M |
| Cash and Cash Equivalents at Beginning of Year | $741.9M | $736.5M | $982.1M | $613.5M |
| Cash and Cash Equivalents at End of Year | $670.7M | $741.9M | $736.5M | $982.1M |
| Purchases of Property, Plant, and Equipment included in Accounts Payable | $29.8M | $22.0M | — | — |
| Line item | Jul 26, 2026 · YTD | Apr 26, 2026 · YTD | Jan 25, 2026 · Q1 | Jul 27, 2025 · YTD |
|---|---|---|---|---|
| Net Earnings | $398.7M | $339.1M | $181.8M | $534.0M |
| Depreciation and Amortization | $202.3M | $135.9M | $67.1M | $194.5M |
| Equity in Earnings of Affiliates | $4.1M | ($33.0M) | ($15.8M) | ($42.6M) |
| Distributions Received from Equity Method Investees | $31.5M | $19.3M | $13.1M | $38.8M |
| Provision for Deferred Income Taxes | ($8.2M) | ($7.7M) | $139.0K | ($1.4M) |
| Non-cash Investment Activities | ($7.6M) | ($5.2M) | ($3.2M) | ($9.2M) |
| Stock-based Compensation Expense | $21.3M | $16.4M | $6.9M | $21.4M |
| Operating Lease Cost | $32.6M | $21.6M | $10.8M | $30.5M |
| Loss (Gain) on Divestitures | $94.1M | $36.7M | ($23.5M) | $10.8M |
| Other Non-cash, Net | ($33.0K) | $2.7M | $1.5M | $552.0K |
| Decrease (Increase) in Accounts Receivable | $86.1M | $64.0M | $90.9M | $53.9M |
| Decrease (Increase) in Inventories | ($80.5M) | ($23.1M) | $91.3M | ($247.1M) |
| Decrease (Increase) in Prepaid Expenses and Other Assets | ($1.1M) | ($1.7M) | $833.0K | $1.3M |
| Increase (Decrease) in Pension and Postretirement Benefits | $7.2M | $3.7M | $1.7M | $30.4M |
| Increase (Decrease) in Accounts Payable and Accrued Expenses | ($36.8M) | ($59.4M) | ($97.0M) | ($100.4M) |
| Increase (Decrease) in Net Income Taxes Payable | $25.2M | $18.8M | $22.8M | $6.9M |
| Net Cash Provided by (Used in) Operating Activities | $768.8M | $528.2M | $349.2M | $522.3M |
| Net Sale (Purchase) of Securities | $3.4M | ($126.0K) | ($323.0K) | ($6.2M) |
| Proceeds from Sale of Business | $97.1M | $100.0M | $78.9M | $13.1M |
| Purchases of Property, Plant, and Equipment | ($219.3M) | ($151.2M) | ($69.0M) | ($219.4M) |
| Proceeds from Sales of Property, Plant, and Equipment | $3.0M | $367.0K | $5.0K | $91.0K |
| Proceeds from (Purchases of) Affiliates and Other Investments | ($5.3M) | ($5.3M) | ($1.6M) | ($3.3M) |
| Proceeds from Company-owned Life Insurance | $8.9M | $5.5M | $0 | $10.7M |
| Net Cash Provided by (Used in) Investing Activities | ($112.3M) | ($50.7M) | $7.9M | ($205.0M) |
| Repayments of Long-term Debt and Finance Leases | ($5.4M) | ($3.7M) | ($1.8M) | ($6.3M) |
| Dividends Paid on Common Stock | ($481.4M) | ($320.4M) | ($159.5M) | ($473.7M) |
| Proceeds from Stock-based Compensation Plans, Net of Withholding Taxes | ($1.7M) | ($1.3M) | ($1.1M) | $24.1M |
| Proceeds from Noncontrolling Interest | $135.0K | — | — | $0 |
| Net Cash Provided by (Used in) Financing Activities | ($488.4M) | ($325.4M) | ($162.4M) | ($455.9M) |
| Effect of Exchange Rate Changes on Cash | $5.4M | $4.1M | $2.5M | ($4.2M) |
| Increase (Decrease) in Cash, Cash Equivalents, and Cash Held for Sale | $173.4M | $156.1M | $197.2M | ($142.7M) |
| Cash, Cash Equivalents, and Cash Held for Sale at Beginning of Year | $670.7M | — | — | — |
| Cash, Cash Equivalents, and Cash Held for Sale at End of Period | $844.1M | — | — | — |
| Less: Cash Held for Sale | $4.5M | — | — | — |
| Cash and cash equivalent at end of period | $839.6M | $670.7M | $670.7M | $741.9M |
| Purchases of Property, Plant, and Equipment Included in Accounts Payable | $24.5M | $24.3M | $26.2M | $31.1M |
Hormel Foods Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.