Hormel Foods (HRL) Net Margin (2009 - 2026)
Hormel Foods' Net Margin came in at 2.01% for fiscal Q3 2026 (quarter ended Jul 26, 2026), down 4.05 percentage points from 6.06% a year earlier and down 3.29 percentage points from the prior quarter.
Hormel Foods (HRL) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 26, 2026, Hormel Foods reported Net Margin of 2.82%, down 3.44 percentage points year-over-year; for FY2025 (ended Oct 26, 2025), it was 3.95%, down 2.80 percentage points from FY2024.
- Net Margin carries a five-year change of -5.50 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Net Margin was 6.75% in FY2024 (+0.20 pp), 6.55% in FY2023 (-1.47 pp), 8.03% in FY2022 (+0.04 pp) and 7.98% in FY2021 (-1.47 pp).
- The five-year range for quarterly Net Margin is -1.76% (fiscal Q4 2025) to 8.52% (fiscal Q4 2022).
- Year-over-year, Net Margin increased in two of the last eight quarters, with an average year-over-year change of -1.82 percentage points.
- The fastest year-over-year change in Net Margin over five years came in fiscal Q3 2022 (a gain of 1.04 percentage points), and the weakest in fiscal Q4 2025 (a drop of 8.78 percentage points).
- Business Quant data shows HRL's Net Margin at 5.30% (Q2 2026), 6.01% (Q1 2026) and -1.76% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 132.43 Bn | 107.80 Bn | - | - |
| 2 | Mondelez International | 73.80 Bn | 67.12 Bn | 3.99 Bn | 16.55% |
| 3 | Hershey | 31.86 Bn | 28.11 Bn | 1.26 Bn | 16.42% |
| 4 | Kraft Heinz | 26.96 Bn | 13.49 Bn | 2.03 Bn | -87.19% |
| 5 | General Mills | 17.20 Bn | 14.85 Bn | 1.49 Bn | 9.04% |
| 6 | J M Smucker | 12.70 Bn | 12.49 Bn | 979.60 Mn | 14.61% |
| 7 | Mccormick | 12.49 Bn | 12.36 Bn | 778.20 Mn | 7.75% |
| 8 | Hormel Foods | 10.97 Bn | 7.66 Bn | 471.52 Mn | 2.01% |
| 9 | Chewy | 7.31 Bn | 4.59 Bn | 1.01 Bn | 2.42% |
| 10 | Conagra Brands | 6.43 Bn | 5.74 Bn | 618.70 Mn | 6.71% |
Historic Data
| Date | Value |
|---|---|
| Jul 26, 2026 | 2.01% |
| Apr 26, 2026 | 5.30% |
| Jan 25, 2026 | 6.01% |
| Oct 26, 2025 | -1.76% |
| Jul 27, 2025 | 6.06% |
| Apr 27, 2025 | 6.21% |
| Jan 26, 2025 | 5.71% |
| Oct 27, 2024 | 7.02% |
| Jul 28, 2024 | 6.10% |
| Apr 28, 2024 | 6.56% |
| Jan 28, 2024 | 7.30% |
| Oct 29, 2023 | 6.13% |
| Jul 30, 2023 | 5.49% |
| Apr 30, 2023 | 7.30% |
| Jan 29, 2023 | 7.33% |
| Oct 30, 2022 | 8.52% |
| Jul 31, 2022 | 7.21% |
| May 1, 2022 | 8.45% |
| Jan 30, 2022 | 7.87% |
| Oct 31, 2021 | 8.16% |
Hormel Foods Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=HRL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "HRL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=HRL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();