Hormel Foods (HRL) Tax Rate (2009 - 2026)
Hormel Foods (HRL) posted quarterly Tax Rate of 23.63% for Q2 2026, up 161.0% year-over-year from 9.05% in Q2 2025, and up 5.36% quarter-over-quarter from 22.42% in Q1 2026.
Hormel Foods (HRL) Tax Rate (2009 - 2026) Analysis & Trends
Hormel Foods (HRL) has reported Tax Rate for 18 consecutive years, with 23.63% the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Rate rose 161.0% year-over-year to 23.63%; the TTM figure through Apr 2026 stood at 28.79% (up 706.0% YoY), while the FY2025 annual figure was 27.99%, up 570.0% from the prior year.
- Tax Rate climbed to 23.63% in Q2 2026 per HRL's latest filing, from 22.42% in the prior quarter.
- Across five years, Tax Rate topped out at 24.5% in Q3 2022 and bottomed at 159.88% in Q4 2025.
- Historically, Tax Rate has averaged 11.97% across 5 years, with a median of 22.06% in 2023.
- Annual changes were most pronounced in 2022 — Tax Rate surged 1120 bps — and 2025, when it plunged 18133 bps.
- Hormel Foods' Tax Rate stood at 21.67% in 2022, then dropped by 6 bps to 20.47% in 2023, then increased by 5 bps to 21.45% in 2024, then slumped by 845 bps to 159.88% in 2025, then soared by 115 bps to 23.63% in 2026.
- Business Quant data shows HRL's Tax Rate at 23.63% in Q2 2026, 22.42% in Q1 2026, and 159.88% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.37 Bn | 27.69 Bn | 2.03 Bn | 14.37% |
| 2 | General Mills | 21.49 Bn | 21.03 Bn | 1.60 Bn | 10.77% |
| 3 | Mccormick | 14.93 Bn | 14.60 Bn | 778.20 Mn | 28.84% |
| 4 | Jbs | 14.80 Bn | 11.34 Bn | 4.91 Bn | 56.69% |
| 5 | J M Smucker | 13.21 Bn | 13.15 Bn | 862.10 Mn | -18.47% |
| 6 | Hormel Foods | 13.14 Bn | 12.28 Bn | 518.51 Mn | 23.63% |
| 7 | Magnum Ice Cream | 12.22 Bn | 11.50 Bn | - | - |
| 8 | Darling Ingredients | 10.40 Bn | 10.24 Bn | 503.37 Mn | 22.13% |
| 9 | Smithfield Foods | 8.75 Bn | 7.40 Bn | 478.00 Mn | 21.40% |
| 10 | Conagra Brands | 7.86 Bn | 7.64 Bn | 704.10 Mn | 30.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 26, 2026 | 23.63% |
| Apr 26, 2026 | 23.63% |
| Apr 26, 2026 | 23.63% |
| Jan 25, 2026 | 22.42% |
| Jan 25, 2026 | 22.42% |
| Jan 25, 2026 | 22.42% |
| Oct 26, 2025 | -159.88% |
| Oct 26, 2025 | -159.88% |
| Oct 26, 2025 | -159.88% |
| Jul 27, 2025 | 22.33% |
| Jul 27, 2025 | 22.33% |
| Jul 27, 2025 | 22.33% |
| Apr 27, 2025 | 22.02% |
| Apr 27, 2025 | 22.02% |
| Apr 27, 2025 | 22.02% |
| Jan 26, 2025 | 21.80% |
| Jan 26, 2025 | 21.80% |
| Jan 26, 2025 | 21.80% |
| Oct 27, 2024 | 21.45% |
| Oct 27, 2024 | 21.45% |