Gross Profit for Hormel Foods (HRL)
According to Hormel Foods's latest reported financial statements, the company's current gross profit (TTM) is $1.89B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
HRL
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$1.89B
YoY change
-6.4%
5Y CAGR
+0.7%
Peak year (2022)
$2.16B
Cumulative gross profit
$48.86B
Gross Profit history chart for Hormel Foods (HRL) from 1985 to 2025
Gross Profit history table for Hormel Foods (HRL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $1.89B | -6.4% | ||
| 2024 | $2.02B | +1.1% | ||
| 2023 | $2.00B | -7.6% | ||
| 2022 | $2.16B | +12.3% | ||
| 2021 | $1.93B | +5.6% | ||
| 2020 | $1.83B | -3.1% | ||
| 2019 | $1.88B | -4.8% | ||
| 2018 | $1.98B | -0.9% | ||
| 2017 | $2.00B | -7.5% | ||
| 2016 | $2.16B | +19.3% | ||
| 2015 | $1.81B | +15.6% | ||
| 2014 | $1.56B | +10.8% | ||
| 2013 | $1.41B | +6.1% | ||
| 2012 | $1.33B | -0.2% | ||
| 2011 | $1.33B | +7.7% | ||
| 2010 | $1.24B | +12.7% | ||
| 2009 | $1.10B | +3.5% | ||
| 2008 | $1.06B | +5.9% | ||
| 2007 | $1.00B | -27.5% | ||
| 2006 | $1.38B | +7.7% | ||
| 2005 | $1.28B | +14.3% | ||
| 2004 | $1.12B | +10.9% | ||
| 2003 | $1.01B | +5.2% | ||
| 2002 | $962.85M | +7.5% | ||
| 2001 | $895.91M | +12.1% | ||
| 2000 | $798.98M | -23.4% | ||
| 1999 | $1.04B | +13.2% | ||
| 1998 | $920.90M | +13.4% | ||
| 1997 | $811.80M | +9.2% | ||
| 1996 | $743.10M | -5.8% | ||
| 1995 | $789.10M | +4.4% | ||
| 1994 | $755.90M | +11.3% | ||
| 1993 | $679.30M | +3.6% | ||
| 1992 | $655.80M | +9.7% | ||
| 1991 | $597.80M | +6.4% | ||
| 1990 | $561.70M | +7.5% | ||
| 1989 | $522.50M | +9.4% | ||
| 1988 | $477.50M | +15.9% | ||
| 1987 | $412.00M | +9.5% | ||
| 1986 | $376.20M | +9.0% | ||
| 1985 | $345.20M | — |
Gross Profit values are taken from Hormel Foods's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual gross profit for Hormel Foods (HRL) came in at $1.89B – declined 6.4% year-over-year.
Hormel Foods gross profit has recorded the values shown across consecutive periods, with a +0.7% compound annual growth rate over 2020–2025 (5 years).
Hormel Foods gross profit declined from $2.16B in 2022 to $1.89B in 2025, a 12.6% drawdown.
Across the available history, gross profit reached its high of $2.16B in 2022 and its low of $345.20M in 1985.
Hormel Foods (HRL) sits 9th of 8 Consumer Defensive peers we track on this metric, against a peer median of $32.45B.
Hormel Foods Gross Profit by Year
Hormel Foods Gross Profit 2025: $1.89B
Hormel Foods gross profit in 2025 was $1.89B, declined 6.4% below 2024.
Hormel Foods Gross Profit 2024: $2.02B
Hormel Foods gross profit in 2024 was $2.02B, edged up 1.1% from 2023.
Hormel Foods Gross Profit 2023: $2.00B
Hormel Foods gross profit in 2023 was $2.00B, declined 7.6% below 2022.
Hormel Foods Gross Profit 2022: $2.16B
Hormel Foods gross profit in 2022 was $2.16B, grew 12.3% from 2021. This figure represents the highest annual value in the available history.
Hormel Foods Gross Profit 2021: $1.93B
Hormel Foods gross profit in 2021 was $1.93B.
See more financial history for Hormel Foods (HRL).
Sector peers — Gross Profit
Companies in the same sector as Hormel Foods, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $177.77B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $50.86B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $43.12B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $35.35B | Consumer Defensive |
| The Coca-Cola Company (KO) | $29.54B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $27.28B | Consumer Defensive |
| Altria Group, Inc. (MO) | $17.44B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $4.63B | Consumer Defensive |
Frequently asked questions
What is Hormel Foods's gross profit?
- Latest reported gross profit for Hormel Foods (HRL) is $1.89B (period ending January 25, 2026).
How has Hormel Foods gross profit changed year-over-year?
- Hormel Foods (HRL) gross profit changed -6.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Hormel Foods gross profit?
- Hormel Foods (HRL) gross profit compound annual growth rate is +0.7% over the most recent 5 years available.
When did Hormel Foods gross profit hit its highest annual value?
- Hormel Foods gross profit reached its highest annual value of $2.16B in 2022.
What was Hormel Foods gross profit in 2024?
- Hormel Foods (HRL) gross profit in 2024 was $2.02B.
What was Hormel Foods gross profit in 2025?
- Hormel Foods (HRL) gross profit in 2025 was $1.89B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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