Hormel Foods (HRL) Operating Expenses (2009 - 2026)

Hormel Foods' (HRL) quarterly Operating Expenses came in at $318.6 million in Q2 2026, up 26.72% year-on-year from $251.4 million in Q2 2025, and up 31.83% on a QoQ basis from $241.7 million in Q1 2026.

Hormel Foods (HRL) Operating Expenses (2009 - 2026) Analysis & Trends

Hormel Foods (HRL) has 18 years of Operating Expenses data on file, last reported at $318.6 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 26.72% year-over-year to $318.6 million in Q2 2026; TTM through Apr 2026 was $1.0 billion, a 2.94% increase from a year earlier, with the FY2025 full-year figure at $996.6 million, down 0.86% from the prior year.
  • Operating Expenses for Q2 2026 stood at $318.6 million, up from $241.7 million in the prior quarter.
  • Over the last five years, Operating Expenses for HRL reached as high as $318.6 million in Q2 2026 and fell as low as $206.5 million in Q4 2022.
  • Historically, Operating Expenses has averaged $243.5 million across 5 years, with a median of $239.5 million in 2024.
  • Across the five-year window, Operating Expenses jumped 31.03% in 2023 and fell 10.79% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $206.5 million in 2022, then gained by 4.87% to $216.5 million in 2023, then rose by 10.18% to $238.6 million in 2024, then slipped by 6.34% to $223.5 million in 2025, then surged by 42.58% to $318.6 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $318.6 million in Q2 2026, $241.7 million in Q1 2026, and $223.5 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Kraft Heinz 30.29 Bn 26.20 Bn 2.22 Bn 1.07 Bn
2 General Mills 19.35 Bn 18.90 Bn 1.60 Bn 3.70 Bn
3 Hormel Foods 13.90 Bn 13.04 Bn 518.51 Mn 318.62 Mn
4 Mccormick 13.45 Bn 13.12 Bn 778.20 Mn 441.80 Mn
5 Magnum Ice Cream 10.95 Bn 10.43 Bn - -
6 Smithfield Foods 10.34 Bn 8.95 Bn 511.00 Mn 180.00 Mn
7 Darling Ingredients 9.92 Bn 9.80 Bn 404.92 Mn 1.43 Bn
8 Oatly Group AB 8.23 Bn 8.23 Bn 76.34 Mn -88.35 Mn
9 Conagra Brands 7.07 Bn 6.85 Bn 704.10 Mn 401.10 Mn
10 Lamb Weston Holdings 6.87 Bn 6.81 Bn 331.60 Mn 205.00 Mn

Historic Data

Download Data
DateValue
Apr 26, 2026 318.62 Mn
Jan 25, 2026 241.70 Mn
Oct 26, 2025 223.47 Mn
Jul 27, 2025 258.71 Mn
Apr 27, 2025 251.43 Mn
Jan 26, 2025 263.01 Mn
Oct 27, 2024 238.59 Mn
Jul 28, 2024 259.65 Mn
Apr 28, 2024 266.67 Mn
Jan 28, 2024 240.39 Mn
Oct 29, 2023 216.55 Mn
Jul 30, 2023 291.07 Mn
Apr 30, 2023 212.49 Mn
Jan 29, 2023 222.06 Mn
Oct 30, 2022 206.49 Mn
Jul 31, 2022 222.15 Mn
May 1, 2022 224.66 Mn
Jan 30, 2022 225.97 Mn
Oct 31, 2021 230.44 Mn
Jul 25, 2021 226.28 Mn