TTM
15.7%
YoY change
−1.34pp
Trough year (2025)
15.6%
Peak year (1999)
31.1%
Latest annual
15.6%
Gross Margin history chart for Hormel Foods (HRL) from 1985 to 2025
Latest: 15.6%
Gross Margin change chart for Hormel Foods (HRL) from 1985 to 2025
Latest: −1.34pp
Gross Margin history table for Hormel Foods (HRL) from 1985 to 2025
| 2025 | 15.6% | -1.34pp | ||
| 2024 | 17.0% | +0.45pp | ||
| 2023 | 16.5% | -0.86pp | ||
| 2022 | 17.4% | +0.44pp | ||
| 2021 | 16.9% | -2.07pp | ||
| 2020 | 19.0% | -0.84pp | ||
| 2019 | 19.8% | -0.89pp | ||
| 2018 | 20.7% | -1.04pp | ||
| 2017 | 21.8% | -0.88pp | ||
| 2016 | 22.7% | +3.14pp | ||
| 2015 | 19.5% | +2.72pp | ||
| 2014 | 16.8% | +0.65pp | ||
| 2013 | 16.1% | -0.04pp | ||
| 2012 | 16.2% | -0.72pp | ||
| 2011 | 16.9% | -0.26pp | ||
| 2010 | 17.2% | +0.34pp | ||
| 2009 | 16.8% | +1.10pp | ||
| 2008 | 15.7% | -0.47pp | ||
| 2007 | 16.2% | -7.88pp | ||
| 2006 | 24.1% | +0.35pp | ||
| 2005 | 23.7% | +0.21pp | ||
| 2004 | 23.5% | -0.60pp | ||
| 2003 | 24.1% | -0.50pp | ||
| 2002 | 24.6% | +1.56pp | ||
| 2001 | 23.1% | +0.06pp | ||
| 2000 | 23.0% | -8.06pp | ||
| 1999 | 31.1% | +2.82pp | ||
| 1998 | 28.2% | +3.31pp | ||
| 1997 | 24.9% | +0.95pp | ||
| 1996 | 24.0% | -1.92pp | ||
| 1995 | 25.9% | +1.24pp | ||
| 1994 | 24.7% | +0.86pp | ||
| 1993 | 23.8% | +0.49pp | ||
| 1992 | 23.3% | +2.23pp | ||
| 1991 | 21.1% | +0.13pp | ||
| 1990 | 20.9% | -1.37pp | ||
| 1989 | 22.3% | +1.50pp | ||
| 1988 | 20.8% | +3.02pp | ||
| 1987 | 17.8% | -1.39pp | ||
| 1986 | 19.2% | -3.79pp | ||
| 1985 | 23.0% | — |
- 202515.6%-1.34pp
- 202417.0%+0.45pp
- 202316.5%-0.86pp
- 202217.4%+0.44pp
- 202116.9%-2.07pp
- 202019.0%-0.84pp
- 201919.8%-0.89pp
- 201820.7%-1.04pp
- 201721.8%-0.88pp
- 201622.7%+3.14pp
- 201519.5%+2.72pp
- 201416.8%+0.65pp
- 201316.1%-0.04pp
- 201216.2%-0.72pp
- 201116.9%-0.26pp
- 201017.2%+0.34pp
- 200916.8%+1.10pp
- 200815.7%-0.47pp
- 200716.2%-7.88pp
- 200624.1%+0.35pp
- 200523.7%+0.21pp
- 200423.5%-0.60pp
- 200324.1%-0.50pp
- 200224.6%+1.56pp
- 200123.1%+0.06pp
- 200023.0%-8.06pp
- 199931.1%+2.82pp
- 199828.2%+3.31pp
- 199724.9%+0.95pp
- 199624.0%-1.92pp
- 199525.9%+1.24pp
- 199424.7%+0.86pp
- 199323.8%+0.49pp
- 199223.3%+2.23pp
- 199121.1%+0.13pp
- 199020.9%-1.37pp
- 198922.3%+1.50pp
- 198820.8%+3.02pp
- 198717.8%-1.39pp
- 198619.2%-3.79pp
- 198523.0%—
Gross Margin values are taken from Hormel Foods's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Hormel Foods (HRL)
According to Hormel Foods's latest reported financial statements, the company's latest reported gross margin is 15.7%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Hormel Foods (HRL) most recent annual gross margin stands at 15.63% (2025) – contracted 1.3 percentage points year-over-year.
31.06% stands as the all-time-high annual gross margin, posted in 1999, against a low of 15.63% during 2025.
Hormel Foods Gross Margin by Year
Hormel Foods Gross Margin 2025: 15.6%
Hormel Foods posted gross margin of 15.63% in 2025, contracted 1.3 percentage points from 2024. This figure represents the lowest annual value in the available history.
Hormel Foods Gross Margin 2024: 17.0%
In 2024, Hormel Foods reported gross margin of 16.96%, expanded 0.4 percentage points from 2023.
Hormel Foods Gross Margin 2023: 16.5%
Hormel Foods gross margin in 2023 was 16.51%, contracted 0.9 percentage points from 2022.
Hormel Foods Gross Margin 2022: 17.4%
2022's gross margin for Hormel Foods came in at 17.37%, expanded 0.4 percentage points from 2021.
Hormel Foods Gross Margin 2021: 16.9%
Hormel Foods gross margin in 2021 was 16.93%.
See more financial history for Hormel Foods (HRL).
Sector peers by Gross Margin
Consumer Defensive peers of Hormel Foods (HRL), ranked by their latest gross margin
| 67.8% | |
| 67.3% | |
| 61.7% | |
| 55.5% | |
| 54.1% | |
| 50.3% | |
| 25.0% | |
| 12.9% |
- 67.8%
- 61.7%
- 54.1%
- 25.0%
- 12.9%
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