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| Date | Value |
|---|---|
| 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 |