The full income statement, balance sheet, and cash-flow statement for Hormel Foods Corporation (HRL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofOct 26 ’25 | as ofOct 27 ’24 | as ofOct 29 ’23 | as ofOct 30 ’22 | as ofOct 31 ’21 | |
| Revenue | 12.1B+1.6% | 11.9B-1.6% | 12.1B-2.8% | 12.5B+9.4% | 11.4B+18.5% | |
| 1.89B-6.4% | 2.02B+1.1% | 2.00B-7.6% | 2.16B+12.3% | 1.93B+5.6% | ||
| Cost of revenue | 10.2B+3.2% | 9.90B-2.1% | 10.1B-1.8% | 10.3B+8.8% | 9.46B+21.5% | |
| Research & development | 35.2M-2.5% | 36.1M+7.1% | 33.7M-2.9% | 34.7M+3.3% | 33.6M+5.3% | |
| Selling, general & administrative | 997M-0.9% | 1.01B+6.7% | 942M+7.2% | 879M+3.1% | 853M+12.1% | |
| Restructuring | 13.3M | — | — | — | — | |
| Amortization of intangibles | 14.9M-9.2% | 16.4M-11.0% | 18.4M-4.6% | 19.3M+10.0% | 17.5M+22.9% | |
| Operating income | 719M-32.7% | 1.07B-0.4% | 1.07B-18.3% | 1.31B+16.9% | 1.12B+2.0% | |
| Interest expense | 78.0M-3.5% | 80.9M+10.2% | 73.4M+17.4% | 62.5M+44.4% | 43.3M+105.5% | |
| Other non-operating income | 236M+9.4% | 215M+0.4% | 214M+316.0% | -99.3M-311.8% | 46.9M+31.7% | |
| Equity-method income | -106M-307.2% | 51.1M+19.5% | 42.8M+57.3% | 27.2M-43.1% | 47.8M+34.3% | |
| Pre-tax income | 663M-35.9% | 1.04B+2.2% | 1.01B-20.7% | 1.28B+13.5% | 1.13B+1.0% | |
| Income tax | 186M-19.5% | 231M+4.6% | 221M-20.6% | 278M+28.0% | 217M+5.2% | |
| 478M-40.6% | 805M+1.4% | 794M-20.6% | 1000M+10.0% | 909M+0.1% | ||
| Net income to non-controlling interest | -433K-6.4% | -407K+37.7% | -653K-373.2% | 239K-20.6% | 301K+10.7% | |
| Net income to common | 478M-40.6% | 805M+1.4% | 794M-20.6% | 1000M+10.0% | 909M+0.1% | |
| $0.87-40.8% | $1.47+1.4% | $1.45-20.3% | $1.82+9.6% | $1.66+0.0% | ||
| EPS (basic) | $0.87-40.8% | $1.47+1.4% | $1.45-21.2% | $1.84+9.5% | $1.68-0.6% | |
| Weighted-avg shares (basic) | 550M+0.4% | 548M+0.3% | 546M+0.3% | 545M+0.7% | 541M+0.6% | |
| Weighted-avg shares (diluted) | 550M+0.3% | 549M-0.0% | 549M-0.1% | 550M+0.4% | 548M+0.2% | |
| Dividends per share | $1.16+2.7% | $1.13+2.7% | $1.10+5.8% | $1.04+6.1% | $0.98+5.4% | |
| Balance Sheet | as ofOct 26 ’25 | as ofOct 27 ’24 | as ofOct 29 ’23 | as ofOct 30 ’22 | as ofOct 31 ’21 | |
| 3.41B+4.9% | 3.25B-1.5% | 3.30B-9.3% | 3.64B+23.4% | 2.95B-17.6% | ||
| Cash & equivalents | 671M-9.6% | 742M+0.7% | 737M-25.0% | 982M+60.1% | 614M-64.2% | |
| Short-term investments | 32.9M+33.0% | 24.7M+48.5% | 16.7M+3.2% | 16.1M-23.7% | 21.2M+22.1% | |
| Accounts receivable | 785M-4.0% | 818M+0.1% | 817M-5.8% | 868M-3.1% | 896M+27.5% | |
| Inventory | 1.75B+10.8% | 1.58B-6.2% | 1.68B-2.1% | 1.72B+25.3% | 1.37B+27.6% | |
| Prepaid expenses | 44.0M+24.8% | 35.3M-9.6% | 39.0M-18.8% | 48.0M+20.4% | 39.9M+117.5% | |
| Other current assets | — | — | — | 16.6M+10.8% | 14.9M+20.1% | |
| 13.4B-0.3% | 13.4B-0.1% | 13.4B+1.1% | 13.3B+4.8% | 12.7B+28.1% | ||
| Operating lease right-of-use | 163M+10.6% | 148M+12.0% | 132M+79.2% | 73.6M+1.8% | 72.3M+36.1% | |
| Goodwill | 4.92B+0.0% | 4.92B-0.1% | 4.93B+0.1% | 4.93B-0.1% | 4.93B+88.7% | |
| Intangible assets | 1.65B-4.9% | 1.73B-1.4% | 1.76B-2.5% | 1.80B-1.1% | 1.82B+69.3% | |
| Other non-current assets | 432M+4.8% | 412M+11.2% | 370M+30.8% | 283M-5.6% | 300M+19.8% | |
| 1.38B-1.3% | 1.40B-39.5% | 2.31B+56.9% | 1.47B+4.1% | 1.42B-5.9% | ||
| Accounts payable | 732M-0.5% | 736M-4.6% | 771M-5.5% | 817M+2.9% | 793M+23.1% | |
| Accrued liabilities | 55.8M-16.0% | 66.4M+28.4% | 51.7M-12.1% | 58.8M+14.9% | 51.2M-13.4% | |
| Short-term & current debt | 6.65M-14.9% | 7.81M-99.2% | 951M+10706.4% | 8.80M+0.5% | 8.76M-96.6% | |
| Current lease liability | 34.7M+8.3% | 32.1M+22.2% | 26.2M+23.9% | 21.2M+15.6% | 18.3M+52.4% | |
| Finance lease liability (current) | 6.09M-17.4% | 7.38M-14.1% | 8.60M+2.5% | 8.39M+0.3% | 8.36M+0.6% | |
| 5.48B+0.9% | 5.43B-4.9% | 5.71B-1.0% | 5.77B+0.9% | 5.72B+64.4% | ||
| Long-term debt | 2.85B-0.0% | 2.85B+20.9% | 2.36B-28.3% | 3.29B-0.7% | 3.32B+217.3% | |
| Non-current lease liability | 133M+9.9% | 121M+11.0% | 109M+96.6% | 55.6M-2.1% | 56.8M+31.7% | |
| Operating lease liability (total) | 168M+9.5% | 153M+13.2% | 135M+76.5% | 76.8M+2.2% | 75.1M+36.2% | |
| Finance lease liability (total) | 23.1M-16.0% | 27.5M-23.7% | 36.1M-18.9% | 44.5M-16.1% | 53.0M-13.2% | |
| Finance lease liability | 17.0M-15.5% | 20.2M-26.7% | 27.5M-23.8% | 36.1M-19.2% | 44.6M-15.3% | |
| Deferred tax liabilities | 661M+12.2% | 589M+18.3% | 498M+4.8% | 475M+70.8% | 278M+27.2% | |
| Other non-current liabilities | 225M+6.7% | 211M+10.1% | 192M+35.3% | 142M-12.8% | 163M+3.3% | |
| 7.90B-1.2% | 7.99B+3.3% | 7.73B+2.6% | 7.54B+8.1% | 6.97B+8.5% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | — | — | — | — | 7.95M+0.5% | |
| Additional paid-in capital | 620M+8.6% | 571M+12.8% | 506M+7.8% | 469M+30.3% | 360M+24.4% | |
| Retained earnings | 7.52B-2.1% | 7.68B+2.5% | 7.49B+2.5% | 7.31B+6.3% | 6.88B+5.5% | |
| Accumulated other comprehensive income | -244M+7.5% | -263M+3.3% | -272M-6.5% | -256M+7.8% | -277M+29.8% | |
| Non-controlling interest | 14.6M+38.3% | 10.6M+158.3% | 4.10M-16.9% | 4.94M-9.9% | 5.48M+14.7% | |
| Total equity incl. non-controlling | 7.92B-1.1% | 8.00B+3.4% | 7.74B+2.6% | 7.54B+8.1% | 6.98B+8.5% | |
| Total liabilities & equity | 13.4B-0.3% | 13.4B-0.1% | 13.4B+1.1% | 13.3B+4.8% | 12.7B+28.1% | |
| Cash Flow | as ofOct 26 ’25 | as ofOct 27 ’24 | as ofOct 29 ’23 | as ofOct 30 ’22 | as ofOct 31 ’21 | |
| 845M-33.3% | 1.27B+20.9% | 1.05B-7.7% | 1.13B+13.3% | 1.00B-11.2% | ||
| Depreciation & amortization | 264M+2.4% | 258M+1.8% | 253M+7.4% | 236M+12.7% | 209M+1.7% | |
| Intangible amortization | 14.9M-9.2% | 16.4M-11.0% | 18.4M-4.6% | 19.3M+10.0% | 17.5M+22.9% | |
| Share-based compensation | 25.6M+10.2% | 23.2M-3.5% | 24.1M-3.5% | 24.9M+0.8% | 24.7M+10.2% | |
| Deferred income taxes | 52.9M-39.7% | 87.7M+175.7% | 31.8M-82.0% | 177M+517.2% | 28.7M-10.5% | |
| Change in receivables | -32.7M-1623.5% | -1.90M+96.1% | -49.0M-72.7% | -28.4M-114.8% | 192M+60.3% | |
| Change in inventory | 172M+280.8% | -95.3M-166.8% | -35.7M-110.2% | 352M+142.2% | 145M+7794.3% | |
| -299M-26.0% | -237M+65.6% | -690M-167.2% | -258M+92.9% | -3.63B-452.5% | ||
| Capital expenditure | 311M+21.2% | 256M-5.1% | 270M-3.1% | 279M+20.0% | 232M-36.8% | |
| Free cash flow | 534M-47.1% | 1.01B+29.9% | 778M-9.2% | 856M+11.2% | 770M+1.2% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| -614M+40.4% | -1.03B-71.7% | -600M-23.3% | -487M-132.0% | 1.52B+168.6% | ||
| Long-term debt issued | 0.00-100.0% | 498M+25039.6% | 1.98M | 0.00-100.0% | 2.28B+129.4% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00-100.0% | 12.3M | 0.00-100.0% | 20.0M+61.5% | |
| Dividends paid | 633M+3.0% | 615M+3.7% | 593M+6.3% | 558M+6.6% | 523M+7.3% | |
| FX effect on cash | -3.87M-168.9% | 5.61M+247.2% | -3.81M+82.4% | -21.7M-931.9% | 2.61M-26.1% | |
| Net change in cash | -71.2M-1431.1% | 5.35M+102.2% | -246M-166.6% | 369M+133.5% | -1.10B-205.7% | |
| Interest paid | 74.6M+6.1% | 70.3M+23.1% | 57.1M+0.2% | 57.0M+127.1% | 25.1M+73.1% | |
| Income taxes paid | 184M-1.6% | 186M-9.1% | 205M+120.2% | 93.1M-44.3% | 167M-1.6% | |
| Valuation Ratios | as ofOct 26 ’25 | as ofOct 27 ’24 | as ofOct 29 ’23 | as ofOct 30 ’22 | as ofOct 31 ’21 | |
| Market cap | 13.1B-23.1% | 17.1B-0.9% | 17.2B-33.3% | 25.8B+11.4% | 23.2B-14.6% | |
| P/E | 17.4×-20.4% | 21.9×+11.3% | 19.6×-23.9% | 25.8×-4.2% | 26.9×-7.8% | |
| P/S | 1.1×-23.6% | 1.4×+0.8% | 1.4×-31.0% | 2.0×-8.7% | 2.2×-20.0% | |
| P/B | 1.6×-25.1% | 2.2×-2.9% | 2.2×-36.4% | 3.5×+2.7% | 3.4×-21.1% | |
| P/FCF | 20.9×+10.6% | 18.9×-7.6% | 20.4×-17.3% | 24.7×-56.5% | 56.9×+80.6% | |
| Earnings yield | 5.7%+25.6% | 4.6%-10.2% | 5.1%+31.4% | 3.9%+4.4% | 3.7%+8.5% | |
| FCF yield | 4.8%-9.6% | 5.3%+8.2% | 4.9%+20.9% | 4.0%+130.1% | 1.8%-44.6% | |
| Dividend yield | 4.9%+33.8% | 3.6%+3.8% | 3.5%+58.2% | 2.2%-4.4% | 2.3%+23.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: HRL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HRL filings on SEC EDGAR → Not investment advice.
