Hormel Foods (HRL) Operating Expenses (2009 - 2026)
Hormel Foods (HRL) posted quarterly Operating Expenses of $318.6 million for Q2 2026, up 26.72% year-over-year from $251.4 million in Q2 2025, and up 31.83% quarter-over-quarter from $241.7 million in Q1 2026.
Hormel Foods (HRL) Operating Expenses (2009 - 2026) Analysis & Trends
Hormel Foods (HRL) has reported Operating Expenses for 18 consecutive years, with $318.6 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 26.72% year-over-year to $318.6 million; the TTM figure through Apr 2026 stood at $1.0 billion (up 2.94% YoY), while the FY2025 annual figure was $996.6 million, down 0.86% from the prior year.
- Operating Expenses grew to $318.6 million in Q2 2026 per HRL's latest filing, from $241.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $318.6 million in Q2 2026 and bottomed at $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.
- Annual changes were most pronounced in 2023 — Operating Expenses soared 31.03% — and 2024, when it decreased 10.79%.
- Hormel Foods' Operating Expenses stood at $206.5 million in 2022, then increased by 4.87% to $216.5 million in 2023, then grew by 10.18% to $238.6 million in 2024, then retreated by 6.34% to $223.5 million in 2025, then soared by 42.58% to $318.6 million in 2026.
- Business Quant data shows HRL's Operating Expenses at $318.6 million in Q2 2026, $241.7 million in Q1 2026, and $223.5 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.23 Bn | 27.54 Bn | 2.03 Bn | 8.46 Bn |
| 2 | General Mills | 21.36 Bn | 20.90 Bn | 1.60 Bn | 3.70 Bn |
| 3 | Mccormick | 14.89 Bn | 14.56 Bn | 778.20 Mn | 441.80 Mn |
| 4 | Jbs | 14.54 Bn | 11.07 Bn | 4.91 Bn | 3.83 Bn |
| 5 | Hormel Foods | 13.26 Bn | 12.40 Bn | 518.51 Mn | 318.62 Mn |
| 6 | J M Smucker | 13.17 Bn | 13.11 Bn | 862.10 Mn | 362.30 Mn |
| 7 | Magnum Ice Cream | 12.10 Bn | 11.38 Bn | - | - |
| 8 | Darling Ingredients | 10.78 Bn | 10.62 Bn | 503.37 Mn | 1.52 Bn |
| 9 | Smithfield Foods | 8.77 Bn | 7.42 Bn | 478.00 Mn | 191.00 Mn |
| 10 | Conagra Brands | 7.80 Bn | 7.58 Bn | 704.10 Mn | 401.10 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 |