TTM
6.1%
YoY change
−3.02pp
Trough year (1986)
3.8%
Peak year (2017)
13.9%
Latest annual
5.9%
Operating Margin history chart for Hormel Foods (HRL) from 1985 to 2025
Latest: 5.9%
Operating Margin change chart for Hormel Foods (HRL) from 1985 to 2025
Latest: −3.02pp
Operating Margin history table for Hormel Foods (HRL) from 1985 to 2025
| 2025 | 5.9% | -3.02pp | ||
| 2024 | 9.0% | +0.11pp | ||
| 2023 | 8.9% | -1.68pp | ||
| 2022 | 10.5% | +0.68pp | ||
| 2021 | 9.9% | -1.59pp | ||
| 2020 | 11.5% | -1.15pp | ||
| 2019 | 12.6% | +0.23pp | ||
| 2018 | 12.4% | -1.57pp | ||
| 2017 | 13.9% | +0.03pp | ||
| 2016 | 13.9% | +2.38pp | ||
| 2015 | 11.5% | +1.52pp | ||
| 2014 | 10.0% | +0.79pp | ||
| 2013 | 9.2% | -0.08pp | ||
| 2012 | 9.3% | -0.11pp | ||
| 2011 | 9.4% | +0.45pp | ||
| 2010 | 9.0% | +0.74pp | ||
| 2009 | 8.2% | +0.56pp | ||
| 2008 | 7.7% | -0.16pp | ||
| 2007 | 7.8% | -0.03pp | ||
| 2006 | 7.8% | -0.02pp | ||
| 2005 | 7.9% | -0.09pp | ||
| 2004 | 8.0% | +0.57pp | ||
| 2003 | 7.4% | -0.75pp | ||
| 2002 | 8.1% | +0.32pp | ||
| 2001 | 7.8% | +0.19pp | ||
| 2000 | 7.6% | +0.46pp | ||
| 1999 | 7.2% | +1.55pp | ||
| 1998 | 5.6% | +0.46pp | ||
| 1997 | 5.2% | +1.24pp | ||
| 1996 | 3.9% | -2.10pp | ||
| 1995 | 6.0% | -0.08pp | ||
| 1994 | 6.1% | +0.66pp | ||
| 1993 | 5.4% | +0.24pp | ||
| 1992 | 5.2% | +0.50pp | ||
| 1991 | 4.7% | +0.23pp | ||
| 1990 | 4.5% | -0.21pp | ||
| 1989 | 4.7% | +0.38pp | ||
| 1988 | 4.3% | +0.51pp | ||
| 1987 | 3.8% | +0.01pp | ||
| 1986 | 3.8% | -1.55pp | ||
| 1985 | 5.3% | — |
- 20255.9%-3.02pp
- 20249.0%+0.11pp
- 20238.9%-1.68pp
- 202210.5%+0.68pp
- 20219.9%-1.59pp
- 202011.5%-1.15pp
- 201912.6%+0.23pp
- 201812.4%-1.57pp
- 201713.9%+0.03pp
- 201613.9%+2.38pp
- 201511.5%+1.52pp
- 201410.0%+0.79pp
- 20139.2%-0.08pp
- 20129.3%-0.11pp
- 20119.4%+0.45pp
- 20109.0%+0.74pp
- 20098.2%+0.56pp
- 20087.7%-0.16pp
- 20077.8%-0.03pp
- 20067.8%-0.02pp
- 20057.9%-0.09pp
- 20048.0%+0.57pp
- 20037.4%-0.75pp
- 20028.1%+0.32pp
- 20017.8%+0.19pp
- 20007.6%+0.46pp
- 19997.2%+1.55pp
- 19985.6%+0.46pp
- 19975.2%+1.24pp
- 19963.9%-2.10pp
- 19956.0%-0.08pp
- 19946.1%+0.66pp
- 19935.4%+0.24pp
- 19925.2%+0.50pp
- 19914.7%+0.23pp
- 19904.5%-0.21pp
- 19894.7%+0.38pp
- 19884.3%+0.51pp
- 19873.8%+0.01pp
- 19863.8%-1.55pp
- 19855.3%—
Operating 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 Operating Margin at Hormel Foods (HRL)
According to Hormel Foods's latest reported financial statements, the company's latest reported operating margin is 6.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
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 operating margin stands at 5.94% (2025) – contracted 3.0 percentage points year-over-year.
The highest annual operating margin of 13.93% was reported in 2017. The lowest in the available history was 3.79% in 1986.
Hormel Foods Operating Margin by Year
Hormel Foods Operating Margin 2025: 5.9%
In 2025, Hormel Foods reported operating margin of 5.94%, contracted 3.0 percentage points from 2024.
Hormel Foods Operating Margin 2024: 9.0%
Hormel Foods operating margin in 2024 was 8.96%, expanded 0.1 percentage points from 2023.
Hormel Foods Operating Margin 2023: 8.9%
2023's operating margin for Hormel Foods came in at 8.85%, contracted 1.7 percentage points from 2022.
Hormel Foods Operating Margin 2022: 10.5%
Hormel Foods posted operating margin of 10.54% in 2022, expanded 0.7 percentage points from 2021.
Hormel Foods Operating Margin 2021: 9.9%
Hormel Foods operating margin in 2021 was 9.86%.
See more financial history for Hormel Foods (HRL).
Sector peers by Operating Margin
Consumer Defensive peers of Hormel Foods (HRL), ranked by their latest operating margin
| 50.7% | |
| 36.8% | |
| 29.3% | |
| 29.3% | |
| 23.2% | |
| 14.8% | |
| 4.2% | |
| 3.8% |
- 50.7%
- 29.3%
- 14.8%
- 4.2%
- 3.8%
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