Hormel Foods (HRL) Net Margin (2009 - 2026)
Hormel Foods (HRL) posted quarterly Net Margin of 5.29% for Q2 2026, down 91.0% year-over-year from 58.83% in Q2 2025, and down 11.83% quarter-over-quarter from 6.0% in Q1 2026.
Hormel Foods (HRL) Net Margin (2009 - 2026) Analysis & Trends
Hormel Foods (HRL) has reported Net Margin for 18 consecutive years, with 5.29% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin fell 91.0% year-over-year to 5.29%; the TTM figure through Apr 2026 stood at 3.82% (down 245.0% YoY), while the FY2025 annual figure was 3.95%, down 280.0% from the prior year.
- Net Margin eased to 5.29% in Q2 2026 per HRL's latest filing, from 6.0% in the prior quarter.
- Across five years, Net Margin topped out at 8.53% in Q4 2022 and bottomed at 1.76% in Q4 2025.
- Historically, Net Margin has averaged 6.26% across 5 years, with a median of 6.38% in 2024.
- Annual changes were most pronounced in 2022 — Net Margin jumped 103 bps — and 2025, when it sank 877 bps.
- Hormel Foods' Net Margin stood at 8.53% in 2022, then slipped by 28 bps to 6.11% in 2023, then advanced by 15 bps to 7.01% in 2024, then slumped by 125 bps to 1.76% in 2025, then soared by 400 bps to 5.29% in 2026.
- Business Quant data shows HRL's Net Margin at 5.29% in Q2 2026, 6.0% in Q1 2026, and 1.76% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | -87.19% |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | -43.20% |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | 8.09% |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 0.26% |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 5.29% |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | 17.11% |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 22.58% |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | 6.35% |
| 10 | Conagra Brands | 7.80 Bn | 7.58 Bn | 704.10 Mn | -42.68% |
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% |