Hormel Foods annual gross margin
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2025
Hormel Foods Gross Margin Growth & History (HRL)
Hormel Foods's gross margin was 15.63% for fiscal 2025.
View full Hormel Foods company overviewHormel Foods annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-10-26 | 15.63% | −1.34 pp |
| 2024 | 2024-10-27 | 16.96% | +0.45 pp |
| 2023 | 2023-10-29 | 16.51% | −0.86 pp |
| 2022 | 2022-10-30 | 17.37% | +0.44 pp |
| 2021 | 2021-10-31 | 16.93% | −2.07 pp |
| 2020 | 2020-10-25 | 19.00% | −0.84 pp |
| 2019 | 2019-10-27 | 19.84% | −0.89 pp |
| 2018 | 2018-10-28 | 20.74% | −1.04 pp |
| 2017 | 2017-10-29 | 21.78% | −0.88 pp |
| 2016 | 2016-10-30 | 22.66% | +3.14 pp |
| 2015 | 2015-10-25 | 19.52% | +2.72 pp |
| 2014 | 2014-10-26 | 16.80% | +0.65 pp |
| 2013 | 2013-10-27 | 16.14% | −0.04 pp |
| 2012 | 2012-10-28 | 16.18% | −0.72 pp |
| 2011 | 2011-10-30 | 16.90% | −0.26 pp |
| 2010 | 2010-10-31 | 17.16% | +0.34 pp |
| 2009 | 2009-10-25 | 16.82% | +1.10 pp |
| 2008 | 2008-10-26 | 15.72% | — |
Hormel Foods quarterly gross margin
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| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-04-26 | 17.44% | +0.73 pp |
| Q1 2026 | 2026-01-25 | 15.51% | −0.39 pp |
| Q4 2025 | 2025-10-26 | 13.96% | −2.65 pp |
| Q3 2025 | 2025-07-27 | 16.07% | −0.78 pp |
| Q2 2025 | 2025-04-27 | 16.71% | −0.74 pp |
| Q1 2025 | 2025-01-26 | 15.90% | −1.07 pp |
| Q4 2024 | 2024-10-27 | 16.61% | +0.52 pp |
| Q3 2024 | 2024-07-28 | 16.85% | +0.04 pp |
| Q2 2024 | 2024-04-28 | 17.45% | +0.95 pp |
| Q1 2024 | 2024-01-28 | 16.98% | +0.28 pp |
| Q4 2023 | 2023-10-29 | 16.09% | −1.17 pp |
| Q3 2023 | 2023-07-30 | 16.81% | +0.13 pp |
| Q2 2023 | 2023-04-30 | 16.50% | −1.37 pp |
| Q1 2023 | 2023-01-29 | 16.69% | −1.00 pp |
| Q4 2022 | 2022-10-30 | 17.25% | +0.52 pp |
| Q3 2022 | 2022-07-31 | 16.68% | +1.89 pp |
| Q2 2022 | 2022-05-01 | 17.87% | −0.40 pp |
| Q1 2022 | 2022-01-30 | 17.70% | −0.59 pp |
| Q4 2021 | 2021-10-31 | 16.73% | −2.18 pp |
| Q3 2021 | 2021-07-25 | 14.78% | −2.95 pp |
| Q2 2021 | 2021-04-25 | 18.27% | −1.43 pp |
| Q1 2021 | 2021-01-24 | 18.29% | −1.35 pp |
| Q4 2020 | 2020-10-25 | 18.92% | −0.82 pp |
| Q3 2020 | 2020-07-26 | 17.74% | −1.18 pp |
| Q2 2020 | 2020-04-26 | 19.71% | −0.30 pp |
| Q1 2020 | 2020-01-26 | 19.64% | −1.04 pp |
| Q4 2019 | 2019-10-27 | 19.74% | −1.39 pp |
| Q3 2019 | 2019-07-28 | 18.92% | −0.37 pp |
| Q2 2019 | 2019-04-28 | 20.01% | −1.14 pp |
| Q1 2019 | 2019-01-27 | 20.69% | −0.69 pp |
| Q4 2018 | 2018-10-28 | 21.12% | +0.86 pp |
| Q3 2018 | 2018-07-29 | 19.29% | −1.21 pp |
| Q2 2018 | 2018-04-29 | 21.15% | −1.12 pp |
| Q1 2018 | 2018-01-28 | 21.37% | −2.85 pp |
| Q4 2017 | 2017-10-29 | 20.26% | −2.51 pp |
| Q3 2017 | 2017-07-30 | 20.50% | −0.15 pp |
| Q2 2017 | 2017-04-30 | 22.26% | −0.62 pp |
| Q1 2017 | 2017-01-29 | 24.22% | −0.12 pp |
| Q4 2016 | 2016-10-30 | 22.78% | +2.16 pp |
| Q3 2016 | 2016-07-24 | 20.64% | +1.94 pp |
| Q2 2016 | 2016-04-24 | 22.88% | +2.72 pp |
| Q1 2016 | 2016-01-24 | 24.34% | +5.78 pp |
| Q4 2015 | 2015-10-25 | 20.62% | +3.97 pp |
| Q3 2015 | 2015-07-26 | 18.71% | +2.78 pp |
| Q2 2015 | 2015-04-26 | 20.16% | +3.29 pp |
| Q1 2015 | 2015-01-25 | 18.56% | +0.79 pp |
| Q4 2014 | 2014-10-26 | 16.65% | +0.06 pp |
| Q3 2014 | 2014-07-27 | 15.93% | +0.63 pp |
| Q2 2014 | 2014-04-27 | 16.87% | +0.48 pp |
| Q1 2014 | 2014-01-26 | 17.78% | +1.51 pp |
| Q4 2013 | 2013-10-27 | 16.59% | +0.38 pp |
| Q3 2013 | 2013-07-28 | 15.30% | +0.01 pp |
| Q2 2013 | 2013-04-28 | 16.39% | −0.28 pp |
| Q1 2013 | 2013-01-27 | 16.26% | −0.28 pp |
| Q4 2012 | 2012-10-28 | 16.21% | +0.24 pp |
| Q3 2012 | 2012-07-29 | 15.29% | −0.30 pp |
| Q2 2012 | 2012-04-29 | 16.67% | +0.02 pp |
| Q1 2012 | 2012-01-29 | 16.54% | −2.92 pp |
| Q4 2011 | 2011-10-30 | 15.97% | −1.23 pp |
| Q3 2011 | 2011-07-31 | 15.59% | −0.88 pp |
| Q2 2011 | 2011-05-01 | 16.65% | +0.15 pp |
| Q1 2011 | 2011-01-30 | 19.46% | +1.03 pp |
| Q4 2010 | 2010-10-31 | 17.21% | +0.67 pp |
| Q3 2010 | 2010-07-25 | 16.46% | — |
| Q2 2010 | 2010-04-25 | 16.50% | — |
| Q1 2010 | 2010-01-24 | 18.43% | — |
| Q3 2009 | 2009-07-26 | 16.53% | — |
Hormel Foods gross margin trends
Over the last five reported fiscal years, Hormel Foods's gross margin decreased from 19.00% to 15.63%, a change of −3.38 percentage points. The latest reported quarter, Q2 2026, shows 17.44%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Hormel Foods filings at SEC.gov ↗