Hormel Foods HRL
NYSE HRL
$20.97 -0.24 (-1.16%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Hormel Foods' (HRL) quarterly Operating Expenses came in at $323.5 million in Q3 2026, up 25.04% year-over-year from $258.7 million in Q3 2025, and up 1.53% quarter-over-quarter from $318.6 million in Q2 2026.

Analysis

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

Hormel Foods (HRL) has reported Operating Expenses for 18 consecutive years, with $323.5 million the latest figure, recorded in Q3 2026.

  • On a quarterly basis, Operating Expenses rose 25.04% year-over-year to $323.5 million in Q3 2026; TTM through Jul 2026 was $1.1 billion, a 9.44% increase from a year earlier, with the FY2025 full-year figure at $996.6 million, down 0.86% from the prior year.
  • Operating Expenses was $323.5 million for Q3 2026 at Hormel Foods, up from $318.6 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $323.5 million in Q3 2026 and troughed at $206.5 million in Q4 2022.
  • A 5-year average of $247.7 million and a median of $240.4 million in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses surged 31.03% in 2023 and retreated 10.79% in 2024, its largest moves.
  • Over 5 years, Operating Expenses stood at $206.5 million in 2022, then climbed by 4.87% to $216.5 million in 2023, then advanced by 10.18% to $238.6 million in 2024, then declined by 6.34% to $223.5 million in 2025, then jumped by 44.77% to $323.5 million in 2026.
  • The last three Operating Expenses figures came in at $323.5 million (Q3 2026), $318.6 million (Q2 2026), and $241.7 million (Q1 2026), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Kraft Heinz 29.22 Bn 26.54 Bn 2.03 Bn 8.46 Bn
2 General Mills 19.94 Bn 19.49 Bn 1.60 Bn 3.70 Bn
3 Mccormick 13.84 Bn 13.51 Bn 778.20 Mn 441.80 Mn
4 J M Smucker 13.17 Bn 13.13 Bn 979.60 Mn 411.10 Mn
5 Hormel Foods 11.54 Bn 10.67 Bn 471.52 Mn 323.50 Mn
6 Chewy 8.46 Bn 7.94 Bn 1.01 Bn 882.90 Mn
7 Conagra Brands 7.25 Bn 7.03 Bn 704.10 Mn 401.10 Mn
8 Lamb Weston Holdings 6.67 Bn 6.60 Bn 361.40 Mn 192.60 Mn
9 Campbell'S 6.51 Bn 6.10 Bn 650.00 Mn 2.13 Bn
10 Post Holdings 3.66 Bn 3.39 Bn 566.30 Mn 326.10 Mn
Historic Data

Historic Data

Download Data
DateValue
Jul 26, 2026 323.50 Mn
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