Hormel Foods (HRL) Current Taxes (2009 - 2026)
Hormel Foods (HRL) posted quarterly Current Taxes of $3.1 million for Q2 2026, down 72.5% year-over-year from $11.1 million in Q2 2025, and down 38.61% quarter-over-quarter from $5.0 million in Q1 2026.
Hormel Foods (HRL) Current Taxes (2009 - 2026) Analysis & Trends
Hormel Foods (HRL) has reported Current Taxes for 18 consecutive years, with $3.1 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Current Taxes fell 72.5% year-over-year to $3.1 million; the TTM figure through Apr 2026 stood at $3.1 million (down 72.5% YoY), while the FY2025 annual figure was $18.8 million, down 14.44% from the prior year.
- Current Taxes slipped to $3.1 million in Q2 2026 per HRL's latest filing, from $5.0 million in the prior quarter.
- Across five years, Current Taxes topped out at $94.8 million in Q1 2023 and bottomed at $3.1 million in Q2 2026.
- Historically, Current Taxes has averaged $41.2 million across 5 years, with a median of $30.7 million in 2022.
- Annual changes were most pronounced in 2022 — Current Taxes soared 268.48% — and 2025, when it sank 89.48%.
- Hormel Foods' Current Taxes stood at $32.9 million in 2022, then sank by 53.8% to $15.2 million in 2023, then surged by 44.07% to $21.9 million in 2024, then slipped by 14.44% to $18.8 million in 2025, then sank by 83.69% to $3.1 million in 2026.
- Business Quant data shows HRL's Current Taxes at $3.1 million in Q2 2026, $5.0 million in Q1 2026, and $18.8 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | - |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | - |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | - |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 122.92 Mn |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 3.06 Mn |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | - |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | 91.83 Mn |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 23.42 Mn |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | - |
| 10 | Conagra Brands | 7.80 Bn | 7.58 Bn | 704.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 26, 2026 | 3.06 Mn |
| Jan 25, 2026 | 4.98 Mn |
| Oct 26, 2025 | 18.75 Mn |
| Jul 27, 2025 | 28.45 Mn |
| Apr 27, 2025 | 11.13 Mn |
| Jan 26, 2025 | 9.00 Mn |
| Oct 27, 2024 | 21.92 Mn |
| Jul 28, 2024 | 18.51 Mn |
| Apr 28, 2024 | 53.57 Mn |
| Jan 28, 2024 | 85.53 Mn |
| Oct 29, 2023 | 15.21 Mn |
| Jul 30, 2023 | 49.58 Mn |
| Apr 30, 2023 | 47.43 Mn |
| Jan 29, 2023 | 94.78 Mn |
| Oct 30, 2022 | 32.93 Mn |
| Jul 31, 2022 | 64.31 Mn |
| May 1, 2022 | 93.32 Mn |
| Jan 30, 2022 | 89.13 Mn |
| Oct 31, 2021 | 23.52 Mn |
| Jul 25, 2021 | 17.45 Mn |