Hormel Foods (HRL) Tax Provisions (2009 - 2026)

Hormel Foods' (HRL) quarterly Tax Provisions came in at $48.7 million in Q2 2026, down 4.06% year-on-year from $50.7 million in Q2 2025, and down 7.34% on a QoQ basis from $52.5 million in Q1 2026.

Hormel Foods (HRL) Tax Provisions (2009 - 2026) Analysis & Trends

Hormel Foods (HRL) has 18 years of Tax Provisions data on file, last reported at $48.7 million in Q2 2026.

  • On a quarterly basis, Tax Provisions fell 4.06% year-over-year to $48.7 million in Q2 2026; TTM through Apr 2026 was $188.6 million, a 9.03% decrease from a year earlier, with the FY2025 full-year figure at $185.7 million, down 19.55% from the prior year.
  • Tax Provisions for Q2 2026 stood at $48.7 million, down from $52.5 million in the prior quarter.
  • Over the last five years, Tax Provisions for HRL reached as high as $77.5 million in Q4 2022 and fell as low as $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.
  • Across the five-year window, Tax Provisions soared 161.41% in 2022 and slumped 42.44% in 2025, its largest moves.
  • Year by year, Tax Provisions stood at $77.5 million in 2022, then slumped by 35.05% to $50.3 million in 2023, then increased by 19.37% to $60.1 million in 2024, then slumped by 42.44% to $34.6 million in 2025, then jumped by 40.8% to $48.7 million in 2026.
  • Per Business Quant data, the three most recent Tax Provisions figures were $48.7 million in Q2 2026, $52.5 million in Q1 2026, and $34.6 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Kraft Heinz 30.29 Bn 26.20 Bn 2.22 Bn 211.00 Mn
2 General Mills 19.35 Bn 18.90 Bn 1.60 Bn -240.40 Mn
3 Hormel Foods 13.90 Bn 13.04 Bn 518.51 Mn 48.69 Mn
4 Mccormick 13.45 Bn 13.12 Bn 778.20 Mn 63.50 Mn
5 Magnum Ice Cream 10.95 Bn 10.43 Bn - -162.97 Mn
6 Smithfield Foods 10.34 Bn 8.95 Bn 511.00 Mn 72.00 Mn
7 Darling Ingredients 9.92 Bn 9.80 Bn 404.92 Mn 38.63 Mn
8 Oatly Group AB 8.23 Bn 8.23 Bn 76.34 Mn -
9 Conagra Brands 7.07 Bn 6.85 Bn 704.10 Mn -545.80 Mn
10 Lamb Weston Holdings 6.87 Bn 6.81 Bn 331.60 Mn 30.30 Mn

Historic Data

Download Data
DateValue
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