Hormel Foods (HRL) Operating Expenses (2009 - 2026)
Hormel Foods (HRL) reported 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 18 years of Operating Expenses data on file, last reported at $318.6 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $318.6 million, up 26.72% year-over-year; the trailing twelve-month figure through Apr 2026 was $1.0 billion (up 2.94% YoY), and the FY2025 annual result was $996.6 million, down 0.86% from the prior year.
- Operating Expenses climbed to $318.6 million in Q2 2026 per HRL's latest filing, from $241.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $318.6 million in Q2 2026 and troughed at $206.5 million in Q4 2022.
- A 5-year average of $243.5 million and a median of $239.5 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses soared 31.03% in 2023, then decreased 10.79% in 2024.
- A 5-year view of Operating Expenses shows it stood at $206.5 million in 2022, then grew by 4.87% to $216.5 million in 2023, then climbed by 10.18% to $238.6 million in 2024, then fell by 6.34% to $223.5 million in 2025, then surged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Paranovus Entertainment Technology | 12,507.92 Bn | 12,507.92 Bn | - | - |
| 2 | Kraft Heinz | 27.05 Bn | 22.98 Bn | 2.22 Bn | 1.07 Bn |
| 3 | General Mills | 17.93 Bn | 17.16 Bn | 1.37 Bn | 837.30 Mn |
| 4 | Jbs | 13.56 Bn | 8.99 Bn | 2.32 Bn | -1.84 Bn |
| 5 | Hormel Foods | 13.29 Bn | 12.44 Bn | 518.51 Mn | 318.62 Mn |
| 6 | Mccormick | 12.45 Bn | 12.85 Bn | 708.90 Mn | 456.30 Mn |
| 7 | Magnum Ice Cream | 11.94 Bn | 11.47 Bn | - | - |
| 8 | J M Smucker | 11.83 Bn | 11.77 Bn | 862.10 Mn | 362.30 Mn |
| 9 | Smithfield Foods | 9.80 Bn | 8.73 Bn | 511.00 Mn | 180.00 Mn |
| 10 | Darling Ingredients | 8.51 Bn | 8.55 Bn | 404.92 Mn | 1.43 Bn |
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 |