Net Income for Hormel Foods (HRL)
According to Hormel Foods's latest reported financial statements, the company's current net income (TTM) is $489.39M USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
HRL
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$489.39M
YoY change
-40.6%
5Y CAGR
-12.0%
Peak year (2018)
$1.01B
Cumulative net income
$15.45B
Net Income history chart for Hormel Foods (HRL) from 1985 to 2025
Net Income history table for Hormel Foods (HRL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $478.20M | -40.6% | ||
| 2024 | $805.04M | +1.4% | ||
| 2023 | $793.57M | -20.6% | ||
| 2022 | $999.99M | +10.0% | ||
| 2021 | $908.84M | +0.1% | ||
| 2020 | $908.08M | -7.2% | ||
| 2019 | $978.81M | -3.3% | ||
| 2018 | $1.01B | +19.5% | ||
| 2017 | $846.74M | -4.9% | ||
| 2016 | $890.05M | +29.7% | ||
| 2015 | $686.09M | +13.8% | ||
| 2014 | $602.68M | +14.5% | ||
| 2013 | $526.21M | +5.2% | ||
| 2012 | $500.05M | +5.5% | ||
| 2011 | $474.19M | +19.9% | ||
| 2010 | $395.59M | +15.4% | ||
| 2009 | $342.81M | +20.1% | ||
| 2008 | $285.50M | -5.4% | ||
| 2007 | $301.89M | +5.5% | ||
| 2006 | $286.14M | +12.4% | ||
| 2005 | $254.60M | +9.0% | ||
| 2004 | $233.55M | +25.7% | ||
| 2003 | $185.78M | -1.9% | ||
| 2002 | $189.32M | +3.8% | ||
| 2001 | $182.44M | +7.2% | ||
| 2000 | $170.22M | +4.2% | ||
| 1999 | $163.40M | +17.3% | ||
| 1998 | $139.30M | +27.2% | ||
| 1997 | $109.50M | +37.9% | ||
| 1996 | $79.40M | -34.1% | ||
| 1995 | $120.40M | +2.0% | ||
| 1994 | $118.00M | -541.9% | ||
| 1993 | -$26.70M | -128.0% | ||
| 1992 | $95.20M | +10.2% | ||
| 1991 | $86.40M | +12.1% | ||
| 1990 | $77.10M | +10.0% | ||
| 1989 | $70.10M | +16.4% | ||
| 1988 | $60.20M | +31.2% | ||
| 1987 | $45.90M | +17.4% | ||
| 1986 | $39.10M | +1.3% | ||
| 1985 | $38.60M | — |
Net Income 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
In 2025, Hormel Foods (HRL) net income totalled $478.20M – plunged 40.6% year-over-year.
Hormel Foods net income compound annual growth for the 2020–2025 (5 years) window is -12.0%, with a net decline across the window.
Hormel Foods net income plunged from $1.01B in 2018 to $478.20M in 2025, a 52.8% drawdown.
Across the available history, net income reached its high of $1.01B in 2018 and its low of -$26.70M in 1993.
Within Consumer Defensive, Hormel Foods (HRL) ranks 9th among 8 peers we track. The peer median for net income is $9.79B.
Hormel Foods Net Income by Year
Hormel Foods Net Income 2025: $478.20M
Hormel Foods net income in 2025 was $478.20M, plunged 40.6% below 2024.
Hormel Foods Net Income 2024: $805.04M
Hormel Foods net income in 2024 was $805.04M, edged up 1.4% from 2023.
Hormel Foods Net Income 2023: $793.57M
Hormel Foods net income in 2023 was $793.57M, declined 20.6% below 2022.
Hormel Foods Net Income 2022: $999.99M
Hormel Foods net income in 2022 was $999.99M, grew 10.0% from 2021.
Hormel Foods Net Income 2021: $908.84M
Hormel Foods net income in 2021 was $908.84M.
See more financial history for Hormel Foods (HRL).
Sector peers — Net Income
Companies in the same sector as Hormel Foods, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $21.89B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $15.97B | Consumer Defensive |
| The Coca-Cola Company (KO) | $13.11B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $11.35B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $8.24B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $8.10B | Consumer Defensive |
| Altria Group, Inc. (MO) | $6.95B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $1.91B | Consumer Defensive |
Frequently asked questions
What is Hormel Foods's net income?
- Latest reported net income for Hormel Foods (HRL) is $489.39M (period ending January 25, 2026).
How has Hormel Foods net income changed year-over-year?
- Hormel Foods (HRL) net income changed -40.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Hormel Foods net income?
- Hormel Foods (HRL) net income compound annual growth rate is -12.0% over the most recent 5 years available.
When did Hormel Foods net income hit its highest annual value?
- Hormel Foods net income reached its highest annual value of $1.01B in 2018.
What was Hormel Foods net income in 2024?
- Hormel Foods (HRL) net income in 2024 was $805.04M.
What was Hormel Foods net income in 2025?
- Hormel Foods (HRL) net income in 2025 was $478.20M.
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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