Hormel Foods (HRL) Tax Provisions (2009 - 2026)
Hormel Foods (HRL) posted quarterly Tax Provisions of $48.7 million for Q2 2026, down 4.06% year-over-year from $50.7 million in Q2 2025, and down 7.34% quarter-over-quarter from $52.5 million in Q1 2026.
Hormel Foods (HRL) Tax Provisions (2009 - 2026) Analysis & Trends
Hormel Foods (HRL) has reported Tax Provisions for 18 consecutive years, with $48.7 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Provisions fell 4.06% year-over-year to $48.7 million; the TTM figure through Apr 2026 stood at $188.6 million (down 9.03% YoY), while the FY2025 annual figure was $185.7 million, down 19.55% from the prior year.
- Tax Provisions declined to $48.7 million in Q2 2026 per HRL's latest filing, from $52.5 million in the prior quarter.
- Across five years, Tax Provisions topped out at $77.5 million in Q4 2022 and bottomed at $34.6 million in Q4 2025.
- Historically, Tax Provisions has averaged $56.5 million across 5 years, with a median of $53.9 million in 2024.
- Annual changes were most pronounced in 2022 — Tax Provisions surged 161.41% — and 2025, when it plunged 42.44%.
- Hormel Foods' Tax Provisions stood at $77.5 million in 2022, then slumped by 35.05% to $50.3 million in 2023, then climbed by 19.37% to $60.1 million in 2024, then slumped by 42.44% to $34.6 million in 2025, then surged by 40.8% to $48.7 million in 2026.
- Business Quant data shows HRL's Tax Provisions at $48.7 million in Q2 2026, $52.5 million in Q1 2026, and $34.6 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.37 Bn | 27.69 Bn | 2.03 Bn | -916.00 Mn |
| 2 | General Mills | 21.49 Bn | 21.03 Bn | 1.60 Bn | -240.40 Mn |
| 3 | Mccormick | 14.93 Bn | 14.60 Bn | 778.20 Mn | 63.50 Mn |
| 4 | Jbs | 14.80 Bn | 11.34 Bn | 4.91 Bn | -125.91 Mn |
| 5 | J M Smucker | 13.21 Bn | 13.15 Bn | 862.10 Mn | -60.50 Mn |
| 6 | Hormel Foods | 13.14 Bn | 12.28 Bn | 518.51 Mn | 48.69 Mn |
| 7 | Magnum Ice Cream | 12.22 Bn | 11.50 Bn | - | - |
| 8 | Darling Ingredients | 10.40 Bn | 10.24 Bn | 503.37 Mn | 110.64 Mn |
| 9 | Smithfield Foods | 8.75 Bn | 7.40 Bn | 478.00 Mn | 64.00 Mn |
| 10 | Conagra Brands | 7.86 Bn | 7.64 Bn | 704.10 Mn | -545.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 26, 2026 | 48.69 Mn |
| Jan 25, 2026 | 52.54 Mn |
| Oct 26, 2025 | 34.58 Mn |
| Jul 27, 2025 | 52.82 Mn |
| Apr 27, 2025 | 50.75 Mn |
| Jan 26, 2025 | 47.54 Mn |
| Oct 27, 2024 | 60.07 Mn |
| Jul 28, 2024 | 48.98 Mn |
| Apr 28, 2024 | 54.93 Mn |
| Jan 28, 2024 | 66.82 Mn |
| Oct 29, 2023 | 50.32 Mn |
| Jul 30, 2023 | 45.06 Mn |
| Apr 30, 2023 | 61.62 Mn |
| Jan 29, 2023 | 63.55 Mn |
| Oct 30, 2022 | 77.48 Mn |
| Jul 31, 2022 | 71.01 Mn |
| May 1, 2022 | 60.19 Mn |
| Jan 30, 2022 | 69.19 Mn |
| Oct 31, 2021 | 70.48 Mn |
| Jul 25, 2021 | 27.16 Mn |