Hormel Foods (HRL) Cost of Revenue (2009 - 2026)

Hormel Foods' (HRL) quarterly Cost of Revenue came in at $2.5 billion in Q3 2026, down 2.19% year-over-year from $2.5 billion in Q3 2025, and up 1.46% quarter-over-quarter from $2.5 billion in Q2 2026.

Analysis

Hormel Foods (HRL) Cost of Revenue (2009 - 2026) Analysis & Trends

Hormel Foods (HRL) has reported Cost of Revenue for 18 consecutive years, with $2.5 billion the latest figure, recorded in Q3 2026.

On a quarterly basis, Cost of Revenue fell 2.19% year-over-year to $2.5 billion in Q3 2026; TTM through Jul 2026 was $10.2 billion, a 1.51% increase from a year earlier, with the FY2025 full-year figure at $10.2 billion, up 3.19% from the prior year.
Cost of Revenue was $2.5 billion for Q3 2026 at Hormel Foods, up from $2.5 billion in the prior quarter.
Over five years, Cost of Revenue peaked at $2.7 billion in Q4 2025 and troughed at $2.4 billion in Q2 2024.
A 5-year average of $2.5 billion and a median of $2.5 billion in 2022 frame the typical range for Cost of Revenue.
The widest YoY moves for Cost of Revenue: up 24.6% in 2022, down 5.55% in 2022.
Over 5 years, Cost of Revenue stood at $2.7 billion in 2022, then retreated by 1.23% to $2.7 billion in 2023, then fell by 2.49% to $2.6 billion in 2024, then increased by 4.74% to $2.7 billion in 2025, then fell by 9.16% to $2.5 billion in 2026.
The last three Cost of Revenue figures came in at $2.5 billion (Q3 2026), $2.5 billion (Q2 2026), and $2.6 billion (Q1 2026), per Business Quant data.

Peer Set

Peer Comparison

All peers

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Cost of Rev (Qtr)
1	Unilever	137.23 Bn	132.65 Bn	-	-
2	Kraft Heinz	28.45 Bn	25.88 Bn	2.03 Bn	4.23 Bn
3	General Mills	18.94 Bn	18.49 Bn	1.60 Bn	3.01 Bn
4	Mccormick	13.30 Bn	13.55 Bn	778.20 Mn	1.16 Bn
5	J M Smucker	12.94 Bn	12.90 Bn	979.60 Mn	1.24 Bn
6	Hormel Foods	11.19 Bn	10.34 Bn	471.52 Mn	2.49 Bn
7	Chewy	7.89 Bn	7.28 Bn	1.01 Bn	2.32 Bn
8	Conagra Brands	7.08 Bn	6.86 Bn	704.10 Mn	2.18 Bn
9	Lamb Weston Holdings	6.38 Bn	6.31 Bn	361.40 Mn	1.41 Bn
10	Campbell'S	6.03 Bn	5.63 Bn	650.00 Mn	1.72 Bn

Historic Data

Download Data

Date	Value
Jul 26, 2026	2.49 Bn
Apr 26, 2026	2.45 Bn
Jan 25, 2026	2.56 Bn
Oct 26, 2025	2.74 Bn
Jul 27, 2025	2.55 Bn
Apr 27, 2025	2.41 Bn
Jan 26, 2025	2.51 Bn
Oct 27, 2024	2.62 Bn
Jul 28, 2024	2.41 Bn
Apr 28, 2024	2.38 Bn
Jan 28, 2024	2.49 Bn
Oct 29, 2023	2.68 Bn
Jul 30, 2023	2.47 Bn
Apr 30, 2023	2.49 Bn
Jan 29, 2023	2.48 Bn
Oct 30, 2022	2.72 Bn
Jul 31, 2022	2.53 Bn
May 1, 2022	2.54 Bn
Jan 30, 2022	2.51 Bn
Oct 31, 2021	2.88 Bn

API Access

Hormel Foods Cost of Revenue API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=HRL&period=max&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "HRL", "period": "max", "api_key": "YOUR_API_KEY"}

data = requests.get(url, params=params).json()

const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=HRL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

Hormel Foods (HRL) Cost of Revenue (2009 - 2026)