Hormel Foods (HRL) Operating Margin (2009 - 2026)
Hormel Foods' (HRL) quarterly Operating Margin came in at 3.75% in Q3 2026, down 416.0% year-over-year from 1.19% in Q3 2025, and down 48.72% quarter-over-quarter from 7.3% in Q2 2026.
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Hormel Foods (HRL) Operating Margin (2009 - 2026) Analysis & Trends
Hormel Foods (HRL) has reported Operating Margin for 18 consecutive years, with 3.75% the latest figure, recorded in Q3 2026.
- On a quarterly basis, Operating Margin fell 416.0% year-over-year to 3.75% in Q3 2026; TTM through Jul 2026 was 4.72%, a 366.0% decrease from a year earlier, with the FY2025 full-year figure at 5.94%, down 302.0% from the prior year.
- Operating Margin was 3.75% for Q3 2026 at Hormel Foods, down from 7.3% in the prior quarter.
- Over five years, Operating Margin peaked at 11.18% in Q4 2022 and troughed at 0.07% in Q4 2025.
- A 5-year average of 8.24% and a median of 8.57% in 2025 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin soared 235 bps in 2022 and sank 932 bps in 2025, its largest moves.
- Over 5 years, Operating Margin stood at 11.18% in 2022, then declined by 24 bps to 8.44% in 2023, then grew by 11 bps to 9.38% in 2024, then sank by 99 bps to 0.07% in 2025, then surged by 5390 bps to 3.75% in 2026.
- The last three Operating Margin figures came in at 3.75% (Q3 2026), 7.3% (Q2 2026), and 8.05% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 28.91 Bn | 26.23 Bn | 2.03 Bn | -102.70% |
| 2 | General Mills | 19.41 Bn | 18.96 Bn | 1.60 Bn | -45.40% |
| 3 | Mccormick | 13.80 Bn | 13.47 Bn | 778.20 Mn | 14.27% |
| 4 | J M Smucker | 12.97 Bn | 12.93 Bn | 979.60 Mn | 23.05% |
| 5 | Hormel Foods | 11.44 Bn | 10.57 Bn | 471.52 Mn | 3.75% |
| 6 | Chewy | 8.68 Bn | 8.16 Bn | 1.01 Bn | 3.83% |
| 7 | Conagra Brands | 7.10 Bn | 6.89 Bn | 704.10 Mn | -57.54% |
| 8 | Lamb Weston Holdings | 6.64 Bn | 6.57 Bn | 361.40 Mn | 9.54% |
| 9 | Campbell'S | 6.31 Bn | 5.91 Bn | 650.00 Mn | 10.10% |
| 10 | Post Holdings | 3.62 Bn | 3.35 Bn | 566.30 Mn | 9.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 26, 2026 | 3.75% |
| Apr 26, 2026 | 7.30% |
| Jan 25, 2026 | 8.05% |
| Oct 26, 2025 | 0.07% |
| Jul 27, 2025 | 7.90% |
| Apr 27, 2025 | 8.57% |
| Jan 26, 2025 | 7.64% |
| Oct 27, 2024 | 9.38% |
| Jul 28, 2024 | 8.17% |
| Apr 28, 2024 | 8.74% |
| Jan 28, 2024 | 9.49% |
| Oct 29, 2023 | 8.44% |
| Jul 30, 2023 | 7.31% |
| Apr 30, 2023 | 9.93% |
| Jan 29, 2023 | 9.74% |
| Oct 30, 2022 | 11.18% |
| Jul 31, 2022 | 9.59% |
| May 1, 2022 | 10.81% |
| Jan 30, 2022 | 10.50% |
| Oct 31, 2021 | 10.35% |