TORVANTA
Consumer Staples · S&P 500 · data as of 2026-10-05

HRL stock analysis: Hormel

Hormel (HRL) is an S&P 500 company in Packaged Foods & Meats. It grades weakest on value, growth, profitability and momentum.

The model's view of HRL · subscribers

Where HRL ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with HRL · updated 2026-10-05 · from prices and SEC filings

HRL price performance

HRL against the S&P 500, one year
+0%+20%S&P 500 +18%HRL -14%2025-09-292026-10-05
Year to date-11.9%S&P 500 +14.5% · behind by 26.4 pts
1 year-14.3%S&P 500 +17.0% · behind by 31.3 pts
3 years-39.2%S&P 500 +89.3% · behind by 128.4 pts
5 years-42.3%S&P 500 +91.3% · behind by 133.6 pts

Total returns with dividends reinvested.

HRL factor grades

Each grade compares HRL with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C-ValueP/E 31.9x (industry 31.9x)FCF yield 7.1% (industry 8.3%)
C-GrowthRevenue growth +1% (industry +4%)EPS growth -54% (industry -26%)
D+ProfitabilityOperating margin 4.7% (industry 6.9%)ROIC 3.8% (industry 4.6%)
D+Momentum12-month change -14%From 52-wk high -23%

HRL in plain numbers

HRL key statistics

SectorConsumer Staples
IndustryPackaged Foods & Meats
IndexS&P 500
Market value$11.1B
Revenue growth (y/y)+1%
Free-cash-flow yield7.1%
Dividend yield5.8%
Next earnings (expected)2026-12-03
Valuation measures
Market value$11.1B
Enterprise value$13.1B
P/E (trailing)31.9x
Forward P/E (Torvanta estimate)35.8x
Price / sales0.9x
Price / book1.4x
EV / revenue1.1x
EV / EBITDA15.5x
Financial highlights
Revenue, last 12 months$12.1B
Net income, last 12 months$342.7M
EPS, last 12 months (GAAP)$0.63
Gross margin15.7%
Operating margin4.7%
Net margin2.8%
Return on equity4.3%
Return on invested capital3.8%
Cash$839.6M
Total debt$2.9B
Debt / equity0.36x
Free cash flow, last 12 months$780.9M
Interest cover7.3x
Current ratio1.88x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

HRL earnings trends

Revenue vs earnings
-$56.1M$754.3M$1.6B$2.4B$3.2BOct 2024 Revenue: $3.1BJan 2025 Revenue: $3.0BApr 2025 Revenue: $2.9BJul 2025 Revenue: $3.0BOct 2025 Revenue: $3.2BJan 2026 Revenue: $3.0BApr 2026 Revenue: $3.0BJul 2026 Revenue: $3.0BOct 2024 Net income: $220.2MJan 2025 Net income: $170.6MApr 2025 Net income: $180.0MJul 2025 Net income: $183.7MOct 2025 Net income: -$56.1MJan 2026 Net income: $181.8MApr 2026 Net income: $157.5MJul 2026 Net income: $59.6MOct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026Net margin: 7.0%Net margin: 5.7%Net margin: 6.2%Net margin: 6.1%Net margin: -1.8%Net margin: 6.0%Net margin: 5.3%Net margin: 2.0%-2%3%7%■ Revenue ■ Net income ━ Net margin
Earnings per share$-0.1$0.0$0.2$0.3$0.4Oct 2024 EPS (GAAP, diluted): $0.4Jan 2025 EPS (GAAP, diluted): $0.3Apr 2025 EPS (GAAP, diluted): $0.3Jul 2025 EPS (GAAP, diluted): $0.3Oct 2025 EPS (GAAP, diluted): $-0.1Jan 2026 EPS (GAAP, diluted): $0.3Apr 2026 EPS (GAAP, diluted): $0.3Jul 2026 EPS (GAAP, diluted): $0.1Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026■ EPS (GAAP, diluted) Change from a year earlier: Oct 2025 -125% · Jan 2026 +6% · Apr 2026 -12% · Jul 2026 -67%

From the company's 10-Q and 10-K filings with the SEC.

Hormel financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$11.4B$12.5B$12.1B$11.9B$12.1B
Net income$908.8M$1.0B$793.6M$805.0M$478.2M
EPS (GAAP)$1.66$1.83$1.46$1.46$0.87
Free cash flow$769.5M$856.1M$777.6M$1.0B$534.3M

HRL earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-27$0.11-67%-2%-9.5%
2026-05-28$0.29-12%+3%+10.0%
2026-02-26$0.33+6%+1%+2.2%
2026-02-18$0.33+6%+1%+4.5%
2025-12-04$-0.10-125%+2%+4.3%
2025-10-29$-0.10-125%+2%-8.9%

About Hormel

HeadquartersAustin, MN
Industry (SEC code)Meat Packing Plants
Fiscal year endsOctober 25
Incorporated inDE
Listed onNYSE
FormerlyHORMEL GEO A & CO

From the company's SEC registration record.

Companies similar to HRL

CompanyMarket valueP/ERevenue growthOperating margin12-month change
HRL Hormel$11.1B31.9x+1%4.7%-14%
MKC McCormick$12.3B7.6x+10%14.9%-32%compare
SJM JM Smucker$12.4B54.3x+5%9.0%+12%compare
GIS General Mills$16.9Bn/a-5%4.8%-33%compare
TSN Tyson Foods$18.4B31.9x+3%2.3%-2%
KHC Kraft Heinz$25.9Bn/a-2%-12.8%-11%
MDLZ Mondelez$75.1B29.0x+8%9.4%-3%

All Consumer Staples stock ratings

Frequently asked questions

Is HRL stock a buy?

Torvanta does not tell individuals what to buy. Its grades for HRL are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is HRL's P/E ratio?

HRL trades at about 31.9 times its last 12 months of GAAP earnings reported to the SEC, and about 35.8 times Torvanta's own estimate of the next 12 months.

When does HRL report earnings next?

Based on its filing history, Torvanta expects Hormel to report around 2026-12-03.

Does HRL pay a dividend?

Yes. Its dividend yield is about 5.8%, and it has raised its dividend 30 years in a row.

How has HRL performed against the S&P 500?

Over the past year HRL returned -14.3%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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