Hormel Foods annual operating margin
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Hormel Foods Operating Margin Growth & History (HRL)
Hormel Foods's operating margin was 5.94% for fiscal 2025.
View full Hormel Foods company overviewHormel Foods annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-10-26 | 5.94% | −3.02 pp |
| 2024 | 2024-10-27 | 8.96% | +0.11 pp |
| 2023 | 2023-10-29 | 8.85% | −1.68 pp |
| 2022 | 2022-10-30 | 10.54% | +0.68 pp |
| 2021 | 2021-10-31 | 9.86% | −1.59 pp |
| 2020 | 2020-10-25 | 11.45% | −1.15 pp |
| 2019 | 2019-10-27 | 12.60% | +0.23 pp |
| 2018 | 2018-10-28 | 12.36% | −1.57 pp |
| 2017 | 2017-10-29 | 13.93% | +0.03 pp |
| 2016 | 2016-10-30 | 13.90% | +2.38 pp |
| 2015 | 2015-10-25 | 11.52% | +1.52 pp |
| 2014 | 2014-10-26 | 10.00% | +0.79 pp |
| 2013 | 2013-10-27 | 9.21% | −0.28 pp |
| 2012 | 2012-10-28 | 9.49% | — |
Hormel Foods quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-04-26 | 7.30% | −1.26 pp |
| Q1 2026 | 2026-01-25 | 8.05% | +0.41 pp |
| Q4 2025 | 2025-10-26 | 0.07% | −9.32 pp |
| Q3 2025 | 2025-07-27 | 7.90% | −0.26 pp |
| Q2 2025 | 2025-04-27 | 8.57% | −0.17 pp |
| Q1 2025 | 2025-01-26 | 7.64% | −1.85 pp |
| Q4 2024 | 2024-10-27 | 9.38% | +0.94 pp |
| Q3 2024 | 2024-07-28 | 8.17% | +0.85 pp |
| Q2 2024 | 2024-04-28 | 8.74% | −1.20 pp |
| Q1 2024 | 2024-01-28 | 9.49% | −0.25 pp |
| Q4 2023 | 2023-10-29 | 8.44% | −2.74 pp |
| Q3 2023 | 2023-07-30 | 7.31% | −2.28 pp |
| Q2 2023 | 2023-04-30 | 9.93% | −0.88 pp |
| Q1 2023 | 2023-01-29 | 9.74% | −0.76 pp |
| Q4 2022 | 2022-10-30 | 11.18% | +0.83 pp |
| Q3 2022 | 2022-07-31 | 9.59% | +2.35 pp |
| Q2 2022 | 2022-05-01 | 10.81% | −0.29 pp |
| Q1 2022 | 2022-01-30 | 10.50% | −0.39 pp |
| Q4 2021 | 2021-10-31 | 10.35% | −1.08 pp |
| Q3 2021 | 2021-07-25 | 7.25% | −3.23 pp |
| Q2 2021 | 2021-04-25 | 11.10% | −1.01 pp |
| Q1 2021 | 2021-01-24 | 10.89% | −0.87 pp |
| Q4 2020 | 2020-10-25 | 11.43% | −1.40 pp |
| Q3 2020 | 2020-07-26 | 10.48% | −0.72 pp |
| Q2 2020 | 2020-04-26 | 12.11% | −1.21 pp |
| Q1 2020 | 2020-01-26 | 11.76% | −1.21 pp |
| Q4 2019 | 2019-10-27 | 12.83% | +0.17 pp |
| Q3 2019 | 2019-07-28 | 11.20% | +0.32 pp |
| Q2 2019 | 2019-04-28 | 13.32% | +0.37 pp |
| Q1 2019 | 2019-01-27 | 12.97% | +0.02 pp |
| Q4 2018 | 2018-10-28 | 12.66% | −0.41 pp |
| Q3 2018 | 2018-07-29 | 10.88% | −1.79 pp |
| Q2 2018 | 2018-04-29 | 12.95% | −1.50 pp |
| Q1 2018 | 2018-01-28 | 12.95% | −2.63 pp |
| Q4 2017 | 2017-10-29 | 13.06% | −0.85 pp |
| Q3 2017 | 2017-07-30 | 12.67% | +0.74 pp |
| Q2 2017 | 2017-04-30 | 14.45% | +0.37 pp |
| Q1 2017 | 2017-01-29 | 15.58% | −0.10 pp |
| Q4 2016 | 2016-10-30 | 13.92% | +1.73 pp |
| Q3 2016 | 2016-07-24 | 11.94% | +1.37 pp |
| Q2 2016 | 2016-04-24 | 14.08% | +1.89 pp |
| Q1 2016 | 2016-01-24 | 15.68% | +4.58 pp |
| Q4 2015 | 2015-10-25 | 12.18% | +2.79 pp |
| Q3 2015 | 2015-07-26 | 10.56% | +0.73 pp |
| Q2 2015 | 2015-04-26 | 12.18% | +2.25 pp |
| Q1 2015 | 2015-01-25 | 11.10% | +0.18 pp |
| Q4 2014 | 2014-10-26 | 9.39% | −0.24 pp |
| Q3 2014 | 2014-07-27 | 9.83% | +1.35 pp |
| Q2 2014 | 2014-04-27 | 9.94% | +0.85 pp |
| Q1 2014 | 2014-01-26 | 10.92% | +1.31 pp |
| Q4 2013 | 2013-10-27 | 9.63% | — |
| Q3 2013 | 2013-07-28 | 8.48% | — |
| Q2 2013 | 2013-04-28 | 9.08% | — |
| Q1 2013 | 2013-01-27 | 9.62% | — |
Hormel Foods operating margin trends
Over the last five reported fiscal years, Hormel Foods's operating margin decreased from 11.45% to 5.94%, a change of −5.51 percentage points. The latest reported quarter, Q2 2026, shows 7.30%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗