Hormel Foods (HRL) Gross Margin (2009 - 2026)
Hormel Foods' (HRL) quarterly Gross Margin came in at 17.44% in Q2 2026, up 73.0% year-on-year from 10.08% in Q2 2025, and up 12.45% on a QoQ basis from 15.51% in Q1 2026.
Hormel Foods (HRL) Gross Margin (2009 - 2026) Analysis & Trends
Hormel Foods (HRL) has 18 years of Gross Margin data on file, last reported at 17.44% in Q2 2026.
- On a quarterly basis, Gross Margin rose 73.0% year-over-year to 17.44% in Q2 2026; TTM through Apr 2026 was 15.72%, a 80.0% decrease from a year earlier, with the FY2025 full-year figure at 15.63%, down 134.0% from the prior year.
- Gross Margin for Q2 2026 stood at 17.44%, up from 15.51% in the prior quarter.
- Over the last five years, Gross Margin for HRL reached as high as 17.87% in Q2 2022 and fell as low as 13.96% in Q4 2025.
- Historically, Gross Margin has averaged 16.61% across 5 years, with a median of 16.7% in 2023.
- Across the five-year window, Gross Margin jumped 189 bps in 2022 and sank 265 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 17.25% in 2022, then decreased by 7 bps to 16.09% in 2023, then climbed by 3 bps to 16.61% in 2024, then fell by 16 bps to 13.96% in 2025, then advanced by 25 bps to 17.44% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 17.44% in Q2 2026, 15.51% in Q1 2026, and 13.96% in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.05 Bn | 26.07 Bn | 2.22 Bn | 36.70% |
| 2 | General Mills | 19.11 Bn | 18.67 Bn | 1.60 Bn | 34.79% |
| 3 | Hormel Foods | 13.78 Bn | 12.93 Bn | 518.51 Mn | 17.44% |
| 4 | Mccormick | 13.51 Bn | 13.76 Bn | 778.20 Mn | 40.18% |
| 5 | Magnum Ice Cream | 10.87 Bn | 10.35 Bn | - | - |
| 6 | Smithfield Foods | 10.26 Bn | 8.88 Bn | 511.00 Mn | 13.45% |
| 7 | Darling Ingredients | 10.06 Bn | 10.02 Bn | 404.92 Mn | 26.11% |
| 8 | Conagra Brands | 6.88 Bn | 6.66 Bn | 704.10 Mn | 24.43% |
| 9 | Lamb Weston Holdings | 6.84 Bn | 6.78 Bn | 361.40 Mn | 20.42% |
| 10 | Pilgrims Pride | 6.64 Bn | 6.11 Bn | 345.49 Mn | 7.62% |
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% |