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
DateValue
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%