Hormel Foods (HRL) Gross Margin (2009 - 2026)
Hormel Foods (HRL) posted quarterly Gross Margin of 17.44% for Q2 2026, up 73.0% year-over-year from 10.08% in Q2 2025, and up 12.45% quarter-over-quarter from 15.51% in Q1 2026.
Hormel Foods (HRL) Gross Margin (2009 - 2026) Analysis & Trends
Hormel Foods (HRL) has reported Gross Margin for 18 consecutive years, with 17.44% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 73.0% year-over-year to 17.44%; the TTM figure through Apr 2026 stood at 15.72% (down 80.0% YoY), while the FY2025 annual figure was 15.63%, down 134.0% from the prior year.
- Gross Margin rose to 17.44% in Q2 2026 per HRL's latest filing, from 15.51% in the prior quarter.
- Across five years, Gross Margin topped out at 17.87% in Q2 2022 and bottomed at 13.96% in Q4 2025.
- Historically, Gross Margin has averaged 16.61% across 5 years, with a median of 16.7% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin soared 189 bps — and 2025, when it tumbled 265 bps.
- Hormel Foods' Gross Margin stood at 17.25% in 2022, then fell by 7 bps to 16.09% in 2023, then gained by 3 bps to 16.61% in 2024, then dropped by 16 bps to 13.96% in 2025, then rose by 25 bps to 17.44% in 2026.
- Business Quant data shows HRL's Gross Margin at 17.44% in Q2 2026, 15.51% in Q1 2026, and 13.96% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | 32.39% |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | 34.79% |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | 40.18% |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 10.79% |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 17.44% |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | 38.01% |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 29.20% |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | 12.92% |
| 10 | Conagra Brands | 7.80 Bn | 7.58 Bn | 704.10 Mn | 24.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 26, 2026 | 17.44% |
| Jan 25, 2026 | 15.51% |
| Oct 26, 2025 | 13.96% |
| Jul 27, 2025 | 16.07% |
| Apr 27, 2025 | 16.71% |
| Jan 26, 2025 | 15.90% |
| Oct 27, 2024 | 16.61% |
| Jul 28, 2024 | 16.85% |
| Apr 28, 2024 | 17.45% |
| Jan 28, 2024 | 16.98% |
| Oct 29, 2023 | 16.09% |
| Jul 30, 2023 | 16.81% |
| Apr 30, 2023 | 16.50% |
| Jan 29, 2023 | 16.69% |
| Oct 30, 2022 | 17.25% |
| Jul 31, 2022 | 16.68% |
| May 1, 2022 | 17.87% |
| Jan 30, 2022 | 17.70% |
| Oct 31, 2021 | 16.73% |
| Jul 25, 2021 | 14.78% |