TTM
$1.92B
YoY change
-6.4%
5Y CAGR
+0.7%
Peak year (2022)
$2.16B
Cumulative gross profit
$49.85B
Gross Profit history chart for Hormel Foods (HRL) from 1985 to 2025
Latest: $1.89B
Gross Profit growth chart for Hormel Foods (HRL) from 1985 to 2025
Latest: -6.4%
Gross Profit history table for Hormel Foods (HRL) from 1985 to 2025
| 2025 | $1.89B | -6.4% | −$130.32M | ||
| 2024 | $2.02B | +1.1% | +$22.30M | ||
| 2023 | $2.00B | -7.6% | −$164.84M | ||
| 2022 | $2.16B | +12.3% | +$236.78M | ||
| 2021 | $1.93B | +5.6% | +$101.94M | ||
| 2020 | $1.83B | -3.1% | −$58.69M | ||
| 2019 | $1.88B | -4.8% | −$94.83M | ||
| 2018 | $1.98B | -0.9% | −$17.16M | ||
| 2017 | $2.00B | -7.5% | −$161.54M | ||
| 2016 | $2.16B | +19.3% | +$349.59M | ||
| 2015 | $1.81B | +15.6% | +$243.60M | ||
| 2014 | $1.56B | +10.8% | +$152.17M | ||
| 2013 | $1.41B | +6.1% | +$80.97M | ||
| 2012 | $1.33B | -0.2% | −$2.26M | ||
| 2011 | $1.33B | +7.7% | +$95.37M | ||
| 2010 | $1.24B | +12.7% | +$139.87M | ||
| 2009 | $1.10B | +3.5% | +$36.94M | ||
| 2008 | $1.06B | +5.9% | +$59.13M | ||
| 2007 | $1.00B | -27.5% | −$380.39M | ||
| 2006 | $1.38B | +7.7% | +$98.74M | ||
| 2005 | $1.28B | +14.3% | +$160.41M | ||
| 2004 | $1.12B | +10.9% | +$110.89M | ||
| 2003 | $1.01B | +5.2% | +$50.30M | ||
| 2002 | $962.85M | +7.5% | +$66.95M | ||
| 2001 | $895.91M | +12.1% | +$96.93M | ||
| 2000 | $798.98M | -23.4% | −$243.82M | ||
| 1999 | $1.04B | +13.2% | +$121.90M | ||
| 1998 | $920.90M | +13.4% | +$109.10M | ||
| 1997 | $811.80M | +9.2% | +$68.70M | ||
| 1996 | $743.10M | -5.8% | −$46.00M | ||
| 1995 | $789.10M | +4.4% | +$33.20M | ||
| 1994 | $755.90M | +11.3% | +$76.60M | ||
| 1993 | $679.30M | +3.6% | +$23.50M | ||
| 1992 | $655.80M | +9.7% | +$58.00M | ||
| 1991 | $597.80M | +6.4% | +$36.10M | ||
| 1990 | $561.70M | +7.5% | +$39.20M | ||
| 1989 | $522.50M | +9.4% | +$45.00M | ||
| 1988 | $477.50M | +15.9% | +$65.50M | ||
| 1987 | $412.00M | +9.5% | +$35.80M | ||
| 1986 | $376.20M | +9.0% | +$31.00M | ||
| 1985 | $345.20M | — | — |
- 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 (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 Profit at Hormel Foods (HRL)
According to Hormel Foods's latest reported financial statements, the company's current gross profit (TTM) is $1.92B. 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 .
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 grown on net over the period, 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 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
2024's gross profit for Hormel Foods came in at $2.02B, edged up 1.1% from 2023.
Hormel Foods Gross Profit 2023: $2.00B
Hormel Foods posted gross profit of $2.00B in 2023, declined 7.6% below 2022.
Hormel Foods Gross Profit 2022: $2.16B
In 2022, Hormel Foods reported gross profit of $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 by Gross Profit
Consumer Defensive peers of Hormel Foods (HRL), ranked by their latest gross profit
| $177.77B | |
| $50.86B | |
| $43.12B | |
| $35.35B | |
| $29.54B | |
| $27.28B | |
| $17.44B | |
| $4.63B |
- $177.77B
- $50.86B
- $43.12B
- $35.35B
- $29.54B
- $17.44B
- $4.63B
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