HRL
Income statement / Annual
Last year (2023), Hormel Foods Corporation's total revenue was $12.11 B,
a decrease of 2.80% from the previous year.
In 2023, Hormel Foods Corporation's net income was $793.57 M.
See Hormel Foods Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
10/29/2023 |
10/30/2022 |
10/31/2021 |
10/25/2020 |
10/27/2019 |
10/28/2018 |
10/29/2017 |
10/30/2016 |
10/25/2015 |
10/26/2014 |
| Operating Revenue |
$12.11 B
|
$12.46 B
|
$11.39 B
|
$9.61 B
|
$9.50 B
|
$9.55 B
|
$9.17 B
|
$9.52 B
|
$9.26 B
|
$9.32 B
|
| Cost of Revenue |
$10.11 B |
$10.29 B |
$9.46 B |
$7.78 B |
$7.61 B |
$7.55 B |
$7.16 B |
$7.37 B |
$7.46 B |
$7.75 B |
| Gross Profit |
$2.00 B |
$2.16 B |
$1.93 B |
$1.83 B |
$1.88 B |
$2.00 B |
$2.00 B |
$2.16 B |
$1.81 B |
$1.56 B |
| Gross Profit Ratio |
0.17 |
0.17 |
0.17 |
0.19 |
0.2 |
0.21 |
0.22 |
0.23 |
0.2 |
0.17 |
| Research and Development
Expenses |
$33.70 M
|
$34.70 M
|
$33.60 M
|
$31.90 M
|
$32.50 M
|
$33.80 M
|
$34.20 M
|
$34.70 M
|
$32.00 M
|
$29.90 M
|
| General & Administrative
Expenses |
$782.07 M
|
$721.97 M
|
$714.57 M
|
$637.72 M
|
$596.48 M
|
$686.71 M
|
$626.50 M
|
$667.87 M
|
$598.31 M
|
$536.55 M
|
| Selling & Marketing
Expenses |
$160.10 M
|
$157.30 M
|
$138.50 M
|
$123.60 M
|
$131.10 M
|
$151.50 M
|
$135.60 M
|
$204.10 M
|
$145.30 M
|
$114.40 M
|
| Selling, General &
Administrative Expenses |
$942.17 M
|
$879.27 M
|
$853.07 M
|
$761.32 M
|
$727.58 M
|
$838.21 M
|
$762.10 M
|
$871.97 M
|
$743.61 M
|
$650.95 M
|
| Other Expenses |
-$14.37 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Operating Expenses |
$942.17 M |
$879.27 M |
$853.07 M |
$761.32 M |
$727.58 M |
$838.21 M |
$762.10 M |
$871.97 M |
$743.61 M |
$650.95 M |
| Cost And Expenses |
$11.05 B |
$11.17 B |
$10.31 B |
$8.54 B |
$8.34 B |
$8.39 B |
$7.93 B |
$8.24 B |
$8.20 B |
$8.40 B |
| Interest Income |
$14.83 M |
$28.01 M |
$46.88 M |
$35.60 M |
$31.52 M |
$8.86 M |
$10.86 M |
$6.19 M |
$2.93 M |
$3.24 M |
| Interest Expense |
$73.40 M |
$62.52 M |
$43.31 M |
$21.07 M |
$18.07 M |
$26.49 M |
$12.68 M |
$12.87 M |
$13.11 M |
$12.70 M |
| Depreciation &
Amortization |
$253.31 M
|
$262.75 M
|
$228.41 M
|
$205.78 M
|
$165.21 M
|
$161.86 M
|
$130.98 M
|
$131.97 M
|
$133.43 M
|
$130.04 M
|
| EBITDA |
$1.37 B
|
$1.60 B
|
$1.40 B
|
$1.34 B
|
$1.39 B
|
$1.39 B
|
$1.42 B
|
$1.46 B
|
$1.23 B
|
$1.06 B
|
| EBITDA Ratio |
0.11 |
0.13 |
0.12 |
0.14 |
0.15 |
0.15 |
0.16 |
0.15 |
0.13 |
0.11 |
| Operating Income Ratio
|
0.09
|
0.11
|
0.1
|
0.11
|
0.13
|
0.13
|
0.14
|
0.14
|
0.12
|
0.1
|
| Total Other
Income/Expenses Net |
$14.37 M
|
-$34.50 M
|
$3.57 M
|
$14.53 M
|
$13.45 M
|
$41.69 M
|
$39.41 M
|
$37.69 M
|
$2.35 M
|
$17.59 M
|
| Income Before Tax |
$1.01 B |
$1.28 B |
$1.13 B |
$1.11 B |
$1.21 B |
$1.18 B |
$1.28 B |
$1.32 B |
$1.06 B |
$922.15 M |
| Income Before Tax Ratio
|
0.08
|
0.1
|
0.1
|
0.12
|
0.13
|
0.12
|
0.14
|
0.14
|
0.11
|
0.1
|
| Income Tax Expense |
$220.55 M |
$277.88 M |
$217.03 M |
$206.39 M |
$230.57 M |
$168.70 M |
$431.54 M |
$426.70 M |
$369.88 M |
$316.13 M |
| Net Income |
$793.57 M |
$999.99 M |
$908.84 M |
$908.08 M |
$978.81 M |
$1.01 B |
$846.74 M |
$890.05 M |
$686.09 M |
$602.68 M |
| Net Income Ratio |
0.07 |
0.08 |
0.08 |
0.09 |
0.1 |
0.11 |
0.09 |
0.09 |
0.07 |
0.06 |
| EPS |
1.45 |
1.84 |
1.68 |
1.69 |
1.83 |
1.91 |
1.6 |
1.68 |
1.3 |
1.14 |
| EPS Diluted |
1.45 |
1.82 |
1.66 |
1.66 |
1.8 |
1.86 |
1.57 |
1.64 |
1.27 |
1.12 |
| Weighted Average Shares
Out |
$546.42 M
|
$544.92 M
|
$541.11 M
|
$538.01 M
|
$534.58 M
|
$530.74 M
|
$528.36 M
|
$529.29 M
|
$528.14 M
|
$527.62 M
|
| Weighted Average Shares
Out Diluted |
$548.98 M
|
$549.57 M
|
$547.58 M
|
$546.59 M
|
$545.23 M
|
$543.87 M
|
$539.12 M
|
$542.47 M
|
$541.00 M
|
$540.43 M
|
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