Operating Income for Hormel Foods (HRL)
According to Hormel Foods's latest reported financial statements, the company's current operating income (TTM) is $733.97M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
HRL
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$733.97M
YoY change
-32.7%
5Y CAGR
-8.2%
Peak year (2016)
$1.32B
Cumulative operating income
$22.41B
Operating Income history chart for Hormel Foods (HRL) from 1985 to 2025
Operating Income history table for Hormel Foods (HRL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $718.60M | -32.7% | ||
| 2024 | $1.07B | -0.4% | ||
| 2023 | $1.07B | -18.3% | ||
| 2022 | $1.31B | +16.9% | ||
| 2021 | $1.12B | +2.0% | ||
| 2020 | $1.10B | -8.0% | ||
| 2019 | $1.20B | +1.4% | ||
| 2018 | $1.18B | -7.6% | ||
| 2017 | $1.28B | -3.6% | ||
| 2016 | $1.32B | +24.0% | ||
| 2015 | $1.07B | +14.6% | ||
| 2014 | $931.62M | +15.6% | ||
| 2013 | $805.99M | +5.4% | ||
| 2012 | $764.67M | +3.0% | ||
| 2011 | $742.28M | +14.8% | ||
| 2010 | $646.58M | +20.5% | ||
| 2009 | $536.58M | +3.8% | ||
| 2008 | $516.80M | +6.8% | ||
| 2007 | $483.92M | +7.4% | ||
| 2006 | $450.71M | +5.8% | ||
| 2005 | $425.94M | +12.0% | ||
| 2004 | $380.38M | +22.5% | ||
| 2003 | $310.41M | -2.5% | ||
| 2002 | $318.25M | +4.8% | ||
| 2001 | $303.80M | +14.6% | ||
| 2000 | $265.07M | +10.0% | ||
| 1999 | $240.90M | +31.4% | ||
| 1998 | $183.40M | +9.0% | ||
| 1997 | $168.20M | +38.3% | ||
| 1996 | $121.60M | -33.7% | ||
| 1995 | $183.40M | -2.0% | ||
| 1994 | $187.10M | +20.4% | ||
| 1993 | $155.40M | +6.1% | ||
| 1992 | $146.50M | +9.7% | ||
| 1991 | $133.60M | +11.2% | ||
| 1990 | $120.10M | +9.5% | ||
| 1989 | $109.70M | +11.1% | ||
| 1988 | $98.70M | +12.3% | ||
| 1987 | $87.90M | +18.5% | ||
| 1986 | $74.20M | -7.4% | ||
| 1985 | $80.10M | — |
Operating 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
Hormel Foods (HRL) most recent annual operating income stands at $718.60M (2025) – plunged 32.7% year-over-year.
Hormel Foods operating income compound annual growth for the 2020–2025 (5 years) window is -8.2%, with a net decline across the window.
Hormel Foods operating income plunged from $1.32B in 2016 to $718.60M in 2025, a 45.7% drawdown.
$1.32B stands as the all-time-high annual operating income, posted in 2016, against a low of $74.20M during 1986.
Within Consumer Defensive, Hormel Foods (HRL) ranks 9th among 8 peers we track. The peer median for operating income is $14.35B.
Hormel Foods Operating Income by Year
Hormel Foods Operating Income 2025: $718.60M
Hormel Foods operating income in 2025 was $718.60M, plunged 32.7% below 2024.
Hormel Foods Operating Income 2024: $1.07B
Hormel Foods operating income in 2024 was $1.07B, edged down 0.4% below 2023.
Hormel Foods Operating Income 2023: $1.07B
Hormel Foods operating income in 2023 was $1.07B, declined 18.3% below 2022.
Hormel Foods Operating Income 2022: $1.31B
Hormel Foods operating income in 2022 was $1.31B, grew 16.9% from 2021.
Hormel Foods Operating Income 2021: $1.12B
Hormel Foods operating income in 2021 was $1.12B.
See more financial history for Hormel Foods (HRL).
Sector peers — Operating Income
Companies in the same sector as Hormel Foods, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Walmart Inc. (WMT) | $29.82B | Consumer Defensive |
| The Procter & Gamble Company (PG) | $20.45B | Consumer Defensive |
| Altria Group, Inc. (MO) | $15.06B | Consumer Defensive |
| Philip Morris International Inc. (PM) | $14.93B | Consumer Defensive |
| The Coca-Cola Company (KO) | $13.76B | Consumer Defensive |
| PepsiCo, Inc. (PEP) | $13.49B | Consumer Defensive |
| Costco Wholesale Corporation (COST) | $10.38B | Consumer Defensive |
| Monster Beverage Corporation (MNST) | $2.42B | Consumer Defensive |
Frequently asked questions
What is Hormel Foods's operating income?
- Latest reported operating income for Hormel Foods (HRL) is $733.97M (period ending January 25, 2026).
How has Hormel Foods operating income changed year-over-year?
- Hormel Foods (HRL) operating income changed -32.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Hormel Foods operating income?
- Hormel Foods (HRL) operating income compound annual growth rate is -8.2% over the most recent 5 years available.
When did Hormel Foods operating income hit its highest annual value?
- Hormel Foods operating income reached its highest annual value of $1.32B in 2016.
What was Hormel Foods operating income in 2024?
- Hormel Foods (HRL) operating income in 2024 was $1.07B.
What was Hormel Foods operating income in 2025?
- Hormel Foods (HRL) operating income in 2025 was $718.60M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
HRL Overview
Company profile, financial tools, and key metrics
HRL Revenue Counter
Earns $385.10 every second. See per minute, hour, and day.
HRL Earnings Counter
Earns $15.52 per second net profit. See per minute, hour, and day.
HRL Economic Scale
Exceeds Somalia, Fed. Rep.'s GDP. Compare with world economies.
HRL What If Invested
What if you had invested $1,000? See historical returns from any date.
HRL How It Makes Money
Discover visual breakdown of $12.14B in revenue — where it comes from and where it goes.
HRL Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
HRL Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
HRL Daily Price Character
Steady · 46.1% historical win rate (green days). Streaks & record days.
HRL Buybacks
Recent repurchase activity. Shareholder yield & SBC comparison.
HRL Stock Split History
7 splits on record. Dates, ratios, and cumulative multiple.
HRL Dividend Profile
Yield: 5.59%. Safety: 5/8. See full history.
HRL Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
HRL Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.