Hormel Foods (HRL) Net Margin (2009 - 2026)
Hormel Foods' (HRL) quarterly Net Margin came in at 5.29% in Q2 2026, down 91.0% year-on-year from 58.83% in Q2 2025, and down 11.83% on a QoQ basis from 6.0% in Q1 2026.
Hormel Foods (HRL) Net Margin (2009 - 2026) Analysis & Trends
Hormel Foods (HRL) has 18 years of Net Margin data on file, last reported at 5.29% in Q2 2026.
- On a quarterly basis, Net Margin fell 91.0% year-over-year to 5.29% in Q2 2026; TTM through Apr 2026 was 3.82%, a 245.0% decrease from a year earlier, with the FY2025 full-year figure at 3.95%, down 280.0% from the prior year.
- Net Margin for Q2 2026 stood at 5.29%, down from 6.0% in the prior quarter.
- Over the last five years, Net Margin for HRL reached as high as 8.53% in Q4 2022 and fell as low as 1.76% in Q4 2025.
- Historically, Net Margin has averaged 6.26% across 5 years, with a median of 6.38% in 2024.
- Across the five-year window, Net Margin surged 103 bps in 2022 and tumbled 877 bps in 2025, its largest moves.
- Year by year, Net Margin stood at 8.53% in 2022, then declined by 28 bps to 6.11% in 2023, then grew by 15 bps to 7.01% in 2024, then slumped by 125 bps to 1.76% in 2025, then surged by 400 bps to 5.29% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 5.29% in Q2 2026, 6.0% in Q1 2026, and 1.76% in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.29 Bn | 26.20 Bn | 2.22 Bn | 13.21% |
| 2 | General Mills | 19.35 Bn | 18.90 Bn | 1.60 Bn | -43.20% |
| 3 | Hormel Foods | 13.90 Bn | 13.04 Bn | 518.51 Mn | 5.29% |
| 4 | Mccormick | 13.45 Bn | 13.12 Bn | 778.20 Mn | 8.09% |
| 5 | Magnum Ice Cream | 10.95 Bn | 10.43 Bn | - | - |
| 6 | Smithfield Foods | 10.34 Bn | 8.95 Bn | 511.00 Mn | 6.61% |
| 7 | Darling Ingredients | 9.92 Bn | 9.80 Bn | 404.92 Mn | 8.84% |
| 8 | Oatly Group AB | 8.23 Bn | 8.23 Bn | 76.34 Mn | -5.26% |
| 9 | Conagra Brands | 7.07 Bn | 6.85 Bn | 704.10 Mn | -39.62% |
| 10 | Lamb Weston Holdings | 6.87 Bn | 6.81 Bn | 331.60 Mn | 3.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 26, 2026 | 5.29% |
| Jan 25, 2026 | 6.00% |
| Oct 26, 2025 | -1.76% |
| Jul 27, 2025 | 6.06% |
| Apr 27, 2025 | 6.20% |
| Jan 26, 2025 | 5.71% |
| Oct 27, 2024 | 7.01% |
| Jul 28, 2024 | 6.10% |
| Apr 28, 2024 | 6.55% |
| Jan 28, 2024 | 7.30% |
| Oct 29, 2023 | 6.11% |
| Jul 30, 2023 | 5.49% |
| Apr 30, 2023 | 7.29% |
| Jan 29, 2023 | 7.33% |
| Oct 30, 2022 | 8.53% |
| Jul 31, 2022 | 7.21% |
| May 1, 2022 | 8.45% |
| Jan 30, 2022 | 7.87% |
| Oct 31, 2021 | 8.16% |
| Jul 25, 2021 | 6.18% |