Hormel Foods income statement

In fiscal 2025, Hormel Foods reported revenue of $12.11bn, up 1.6% on the year before, operating income of $719m (a 5.9% margin) and net income of $478m, or $0.87 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Hormel Foods: income statement, annual
Fiscal year	2009Oct 2009	2010Oct 2010	2011Oct 2011	2012Oct 2012	2013Oct 2013	2014Oct 2014	2015Oct 2015	2016Oct 2016	2017Oct 2017	2018Oct 2018	2019Oct 2019	2020Oct 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Oct 2025	LTMJul 2026
Revenue	6.5	7.2	7.9	8.2	8.8	9.3	9.3	9.5	9.2	9.5	9.5	9.6	11.4	12.5	12.1	11.9	12.1	12.1
Cost of revenue	—	—	—	—	—	—	—	7.4	7.2	7.6	7.6	7.8	9.5	10.3	10.1	9.9	10.2	10.2
Gross profit	1.1	1.2	1.3	1.3	1.4	1.6	1.8	2.2	2.0	2.0	1.9	1.8	1.9	2.2	2.0	2.0	1.9	1.9
Research and development	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	—
Selling, general and administrative	0.6	0.6	0.6	0.6	0.6	0.7	0.7	0.9	0.8	0.8	0.7	0.8	0.9	0.9	0.9	1.0	1.0	1.1
Operating income	—	—	—	0.8	0.8	0.9	1.1	1.3	1.3	1.2	1.2	1.1	1.1	1.3	1.1	1.1	0.7	0.6
Interest expense	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.1
Income before tax	0.5	0.6	0.7	0.8	0.8	0.9	1.1	1.3	1.3	1.2	1.2	1.1	1.1	1.3	1.0	1.0	0.7	0.5
Income tax	0.2	0.2	0.2	0.3	0.3	0.3	0.4	0.4	0.4	0.2	0.2	0.2	0.2	0.3	0.2	0.2	0.2	0.2
Net income	0.3	0.4	0.5	0.5	0.5	0.6	0.7	0.9	0.8	1.0	1.0	0.9	0.9	1.0	0.8	0.8	0.5	0.3
Diluted EPS	$0.64	$0.73	$0.87	$0.93	$0.97	$1.12	$1.27	$1.64	$1.57	$1.86	$1.80	$1.66	$1.66	$1.82	$1.45	$1.47	$0.87	$0.62
Diluted shares (average)	542m	541m	544m	538m	540m	540m	541m	542m	539m	544m	545m	547m	548m	550m	549m	549m	550m	551m
EBITDA	—	—	—	0.9	0.9	1.1	1.2	1.5	1.4	1.3	1.4	1.3	1.3	1.5	1.3	1.3	1.0	0.8

US$ millions unless shown otherwise. Fiscal quarters.

Hormel Foods: income statement, quarterly
Quarter	2024 Q4Oct 2024	2025 Q1Jan 2025	2025 Q2Apr 2025	2025 Q3Jul 2025	2025 Q4Oct 2025	2026 Q1Jan 2026	2026 Q2Apr 2026	2026 Q3Jul 2026
Revenue	3,138	2,989	2,899	3,033	3,186	3,027	2,973	2,961
Cost of revenue	2,617	2,514	2,414	2,546	2,741	2,558	2,454	2,490
Gross profit	521	475	484	487	445	470	519	472
Selling, general and administrative	239	263	251	259	223	242	319	324
Operating income	294	228	248	240	2	244	217	111
Interest expense	19	19	20	19	20	20	20	20
Income before tax	280	218	230	237	−22	234	206	103
Income tax	60	48	51	53	35	53	49	44
Net income	220	171	180	184	−56	182	157	60
Diluted EPS	$0.40	$0.31	$0.33	$0.33	−$0.10	$0.33	$0.29	$0.11
EBITDA	361	294	312	304	72	311	286	177

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Hormel Foods's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Hormel Foods.