Hormel Foods (HRL) Tax Rate (2009 - 2026)
Hormel Foods (HRL) reported Tax Rate of 22.42% for Q1 2026, up 62.0% year-over-year from 13.84% in Q1 2025, and up 114.03% on a QoQ basis from 159.88% in Q4 2025.
Hormel Foods (HRL) has 18 years of Tax Rate data on file, last reported at 22.42% in Q1 2026.
- Quarterly Tax Rate rose 62.0% year-over-year to 22.42% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 28.05% (up 620.0% YoY) and the FY2025 annual result came in at 27.99%, up 570.0% from the prior year.
- Tax Rate improved to 22.42% in Q1 2026 per HRL's latest filing, from 159.88% 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.
- The 5-year median for Tax Rate is 22.02% (2025), against an average of 11.29%.
- The widest annual swing landed in 2022, when Tax Rate soared 1120 bps; it then slumped 18133 bps in 2025.
- Tracing HRL's Tax Rate over 5 years: stood at 21.67% in 2022, then retreated by 6 bps to 20.47% in 2023, then advanced by 5 bps to 21.45% in 2024, then tumbled by 845 bps to 159.88% in 2025, then soared by 114 bps to 22.42% in 2026.
- Per Business Quant, the three latest HRL Tax Rate figures stand at 22.42% (Q1 2026), 159.88% (Q4 2025), and 22.33% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Paranovus Entertainment Technology | 94,654.50 Bn | 94,654.50 Bn | - | - |
| 2 | Kraft Heinz | 28.03 Bn | 23.95 Bn | 2.22 Bn | 20.89 |
| 3 | Jbs | 19.23 Bn | 14.67 Bn | 2.32 Bn | -21.74 |
| 4 | General Mills | 18.04 Bn | 17.27 Bn | 1.37 Bn | 24.28 |
| 5 | Hormel Foods | 12.87 Bn | 11.99 Bn | 518.51 Mn | 23.63 |
| 6 | Mccormick | 12.46 Bn | 12.86 Bn | 708.90 Mn | 26.32 |
| 7 | Magnum Ice Cream | 11.56 Bn | 11.08 Bn | - | - |
| 8 | J M Smucker | 10.74 Bn | 10.69 Bn | 827.80 Mn | -11.09 |
| 9 | Smithfield Foods | 10.23 Bn | 9.16 Bn | 511.00 Mn | 22.29 |
| 10 | Darling Ingredients | 9.59 Bn | 9.63 Bn | 404.92 Mn | 21.99 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 26, 2026 | 23.63 |
| Apr 26, 2026 | 23.63 |
| Jan 25, 2026 | 22.42 |
| Jan 25, 2026 | 22.42 |
| Oct 26, 2025 | -159.88 |
| Oct 26, 2025 | -159.88 |
| Jul 27, 2025 | 22.33 |
| Jul 27, 2025 | 22.33 |
| Apr 27, 2025 | 22.02 |
| Apr 27, 2025 | 22.02 |
| Jan 26, 2025 | 21.80 |
| Jan 26, 2025 | 21.80 |
| Oct 27, 2024 | 21.45 |
| Oct 27, 2024 | 21.45 |
| Jul 28, 2024 | 21.70 |
| Jul 28, 2024 | 21.70 |
| Apr 28, 2024 | 22.50 |
| Apr 28, 2024 | 22.50 |
| Jan 28, 2024 | 23.40 |
| Jan 28, 2024 | 23.40 |
| Oct 29, 2023 | 20.47 |
| Oct 29, 2023 | 20.47 |
| Jul 30, 2023 | 21.70 |
| Jul 30, 2023 | 21.70 |
| Apr 30, 2023 | 22.10 |
| Apr 30, 2023 | 22.10 |
| Jan 29, 2023 | 22.60 |
| Jan 29, 2023 | 22.60 |
| Oct 30, 2022 | 21.67 |
| Oct 30, 2022 | 21.67 |
| Jul 31, 2022 | 24.50 |
| Jul 31, 2022 | 24.50 |
| May 1, 2022 | 18.70 |
| May 1, 2022 | 18.70 |
| Jan 30, 2022 | 22.40 |
| Jan 30, 2022 | 22.40 |
| Oct 31, 2021 | 20.01 |
| Oct 31, 2021 | 20.01 |
| Jul 25, 2021 | 13.30 |
| Jul 25, 2021 | 13.30 |
| Apr 25, 2021 | 22.11 |
| Apr 25, 2021 | 22.11 |
| Jan 24, 2021 | 19.74 |
| Jan 24, 2021 | 19.74 |
| Oct 25, 2020 | 15.86 |
| Oct 25, 2020 | 15.86 |
| Jul 26, 2020 | 21.63 |
| Jul 26, 2020 | 21.63 |
| Apr 26, 2020 | 20.55 |
| Apr 26, 2020 | 20.55 |
| Jan 26, 2020 | 16.27 |
| Jan 26, 2020 | 16.27 |
| Oct 27, 2019 | 21.05 |
| Oct 27, 2019 | 21.05 |
| Jul 28, 2019 | 23.59 |
| Jul 28, 2019 | 23.59 |
| Apr 28, 2019 | 11.13 |
| Apr 28, 2019 | 11.13 |
| Jan 27, 2019 | 21.32 |
| Jan 27, 2019 | 21.32 |
| Oct 28, 2018 | 18.66 |
| Oct 28, 2018 | 18.66 |
| Jul 29, 2018 | 18.38 |
| Jul 29, 2018 | 18.38 |
| Apr 29, 2018 | 19.99 |
| Apr 29, 2018 | 19.99 |
| Jan 28, 2018 | 0.64 |
| Jan 28, 2018 | 0.64 |
| Oct 29, 2017 | 33.83 |
| Oct 29, 2017 | 33.83 |
| Jul 30, 2017 | 34.34 |
| Jul 30, 2017 | 34.34 |
| Apr 30, 2017 | 33.23 |
| Apr 30, 2017 | 33.23 |
| Jan 29, 2017 | 33.68 |
| Jan 29, 2017 | 33.68 |
| Oct 30, 2016 | 33.05 |
| Oct 30, 2016 | 33.05 |
| Jul 24, 2016 | 28.58 |
| Jul 24, 2016 | 28.58 |
| Apr 24, 2016 | 33.56 |
| Apr 24, 2016 | 33.56 |
| Jan 24, 2016 | 33.60 |
| Jan 24, 2016 | 33.60 |
| Oct 25, 2015 | 35.18 |
| Oct 25, 2015 | 35.18 |
| Jul 26, 2015 | 35.61 |
| Jul 26, 2015 | 35.61 |
| Apr 26, 2015 | 34.56 |
| Apr 26, 2015 | 34.56 |
| Jan 25, 2015 | 34.69 |
| Jan 25, 2015 | 34.69 |
| Oct 26, 2014 | 30.33 |
| Oct 26, 2014 | 30.33 |
| Jul 27, 2014 | 34.73 |
| Jul 27, 2014 | 34.73 |
| Apr 27, 2014 | 33.99 |
| Apr 27, 2014 | 33.99 |
| Jan 26, 2014 | 34.35 |
| Jan 26, 2014 | 34.35 |
| Oct 27, 2013 | 33.41 |
| Oct 27, 2013 | 33.41 |
| Jul 28, 2013 | 35.67 |
| Jul 28, 2013 | 35.67 |
| Apr 28, 2013 | 31.51 |
| Apr 28, 2013 | 31.51 |
| Jan 27, 2013 | 33.45 |
| Jan 27, 2013 | 33.45 |
| Oct 28, 2012 | 30.78 |
| Oct 28, 2012 | 30.78 |
| Jul 29, 2012 | 33.68 |
| Jul 29, 2012 | 33.68 |
| Apr 29, 2012 | 33.47 |
| Apr 29, 2012 | 33.47 |
| Jan 29, 2012 | 33.44 |
| Jan 29, 2012 | 33.44 |
| Oct 30, 2011 | 34.29 |
| Oct 30, 2011 | 34.29 |
| Jul 31, 2011 | 29.27 |
| Jul 31, 2011 | 29.27 |
| May 1, 2011 | 33.93 |
| May 1, 2011 | 33.93 |
| Jan 30, 2011 | 34.66 |
| Jan 30, 2011 | 34.66 |
| Oct 31, 2010 | 19.16 |
| Oct 31, 2010 | 19.16 |
| Jul 25, 2010 | 35.76 |
| Jul 25, 2010 | 35.76 |
| Apr 25, 2010 | 40.72 |
| Apr 25, 2010 | 40.72 |
| Jan 24, 2010 | 33.79 |
| Jan 24, 2010 | 33.79 |
| Oct 25, 2009 | 33.96 |
| Oct 25, 2009 | 33.96 |
| Jul 26, 2009 | 34.36 |
| Jul 26, 2009 | 34.36 |