Hormel Foods (HRL) Deferred Taxes (2009 - 2026)
Hormel Foods (HRL) posted quarterly Deferred Taxes of -$7.8 million for Q2 2026, down 3527.31% year-over-year from $228604.6 in Q2 2025, and down 5736.69% quarter-over-quarter from $139000.0 in Q1 2026.
Hormel Foods (HRL) Deferred Taxes (2009 - 2026) Analysis & Trends
Hormel Foods (HRL) has reported Deferred Taxes for 18 consecutive years, with -$7.8 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Deferred Taxes fell 3527.31% year-over-year to -$7.8 million; the TTM figure through Apr 2026 stood at $45.5 million (down 48.25% YoY), while the FY2025 annual figure was $52.9 million, down 39.69% from the prior year.
- Deferred Taxes retreated to -$7.8 million in Q2 2026 per HRL's latest filing, from $139000.0 in the prior quarter.
- Across five years, Deferred Taxes topped out at $105.6 million in Q4 2022 and bottomed at -$7.8 million in Q2 2026.
- Historically, Deferred Taxes has averaged $19.0 million across 5 years, with a median of -$119000.0 in 2023.
- Annual changes were most pronounced in 2022 — Deferred Taxes soared 19451.09% — and 2026, when it tumbled 3527.31%.
- Hormel Foods' Deferred Taxes stood at $105.6 million in 2022, then tumbled by 69.63% to $32.1 million in 2023, then soared by 177.83% to $89.1 million in 2024, then plunged by 39.08% to $54.3 million in 2025, then plunged by 114.44% to -$7.8 million in 2026.
- Business Quant data shows HRL's Deferred Taxes at -$7.8 million in Q2 2026, $139000.0 in Q1 2026, and $54.3 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.37 Bn | 27.69 Bn | 2.03 Bn | -1.20 Bn |
| 2 | General Mills | 21.49 Bn | 21.03 Bn | 1.60 Bn | 63.80 Mn |
| 3 | Mccormick | 14.93 Bn | 14.60 Bn | 778.20 Mn | -3.80 Mn |
| 4 | Jbs | 14.80 Bn | 11.34 Bn | 4.91 Bn | - |
| 5 | J M Smucker | 13.21 Bn | 13.15 Bn | 862.10 Mn | -91.50 Mn |
| 6 | Hormel Foods | 13.14 Bn | 12.28 Bn | 518.51 Mn | -7.84 Mn |
| 7 | Magnum Ice Cream | 12.22 Bn | 11.50 Bn | - | - |
| 8 | Darling Ingredients | 10.40 Bn | 10.24 Bn | 503.37 Mn | 91.25 Mn |
| 9 | Smithfield Foods | 8.75 Bn | 7.40 Bn | 478.00 Mn | - |
| 10 | Conagra Brands | 7.86 Bn | 7.64 Bn | 704.10 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 26, 2026 | -7.84 Mn |
| Jan 25, 2026 | 139,000.00 |
| Oct 26, 2025 | 54.28 Mn |
| Jul 27, 2025 | -1.12 Mn |
| Apr 27, 2025 | -216,000.00 |
| Jan 26, 2025 | -70,000.00 |
| Oct 27, 2024 | 89.09 Mn |
| Jul 28, 2024 | -954,000.00 |
| Apr 28, 2024 | -289,000.00 |
| Jan 28, 2024 | -179,000.00 |
| Oct 29, 2023 | 32.07 Mn |
| Jul 30, 2023 | 206,000.00 |
| Apr 30, 2023 | -168,000.00 |
| Jan 29, 2023 | -311,000.00 |
| Oct 30, 2022 | 105.57 Mn |
| Jul 31, 2022 | 71.95 Mn |
| May 1, 2022 | -887,000.00 |
| Jan 30, 2022 | 366,000.00 |
| Oct 31, 2021 | 26.30 Mn |
| Jul 25, 2021 | 368,000.00 |