Hormel Foods (HRL) Return on Invested Capital [ROIC] (2010 - 2026)
Hormel Foods' Return on Invested Capital [ROIC] was 3.50% in fiscal Q3 2026 (quarter ended Jul 26, 2026), down 3.73 percentage points from 7.23% a year earlier and down 1.13 percentage points from the prior quarter.
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Analysis
Hormel Foods (HRL) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025 (ended Oct 26, 2025), Return on Invested Capital [ROIC] at Hormel Foods came in at 4.78%, down 2.79 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now declined for seven consecutive fiscal years, with a five-year change of -8.11 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Return on Invested Capital [ROIC] was 7.58% in FY2024 (-0.09 pp), 7.66% in FY2023 (-2.05 pp), 9.72% in FY2022 (-0.33 pp) and 10.05% in FY2021 (-2.84 pp).
- The fiscal Q3 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] in data going back to fiscal Q4 2010.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for five straight quarters, with an average year-over-year change of -1.44 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was fiscal Q4 2022 (a gain of 0.68 percentage points); the worst was fiscal Q3 2026 (a drop of 3.73 percentage points).
- Per Business Quant data, HRL's Return on Invested Capital [ROIC] in the three fiscal quarters before Q3 2026 was 4.63% (Q2 2026), 4.89% (Q1 2026) and 4.76% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Unilever | 130.23 Bn | 105.59 Bn | - | - |
| 2 | Mondelez International | 74.27 Bn | 67.59 Bn | 3.99 Bn | 7.21% |
| 3 | Hershey | 32.39 Bn | 28.63 Bn | 1.26 Bn | 16.53% |
| 4 | Kraft Heinz | 26.34 Bn | 12.87 Bn | 2.03 Bn | -4.99% |
| 5 | General Mills | 17.12 Bn | 14.77 Bn | 1.49 Bn | -0.98% |
| 6 | J M Smucker | 12.52 Bn | 12.30 Bn | 979.60 Mn | 3.60% |
| 7 | Mccormick | 12.03 Bn | 11.67 Bn | 794.90 Mn | 5.97% |
| 8 | Hormel Foods | 11.14 Bn | 7.83 Bn | 471.52 Mn | 3.50% |
| 9 | Chewy | 7.29 Bn | 4.58 Bn | 1.01 Bn | - |
| 10 | Conagra Brands | 6.38 Bn | 5.69 Bn | 618.70 Mn | -12.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 26, 2026 | 3.50% |
| Apr 26, 2026 | 4.63% |
| Jan 25, 2026 | 4.89% |
| Oct 26, 2025 | 4.76% |
| Jul 27, 2025 | 7.23% |
| Apr 27, 2025 | 7.24% |
| Jan 26, 2025 | 7.27% |
| Oct 27, 2024 | 7.68% |
| Jul 28, 2024 | 7.25% |
| Apr 28, 2024 | 6.98% |
| Jan 28, 2024 | 7.50% |
| Oct 29, 2023 | 7.60% |
| Jul 30, 2023 | 8.28% |
| Apr 30, 2023 | 8.78% |
| Jan 29, 2023 | 9.22% |
| Oct 30, 2022 | 9.55% |
| Jul 31, 2022 | 9.62% |
| May 1, 2022 | 9.36% |
| Jan 30, 2022 | 9.07% |
| Oct 31, 2021 | 8.88% |
API Access
Hormel Foods Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=HRL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "HRL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=HRL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();