Hormel Foods Corp (HRL)
Consumer Staples · Packaged Foods & Meats · US stock · S&P 500 component
$20.40
▲ +0.21 (1.04%)
Fair valueFair
$18 −12.4% to fair value
$9fair band $14–$21$27
Day's range
$20.24 – $20.64
52-week range
$18.77 – $26.03
About Hormel Foods Corp
Hormel Foods is an American packaged food company that processes and markets meat and other food products, including the Spam, Skippy, Planters, Applegate and Jennie-O brands. Its customers are grocery chains, restaurants, institutional food purchasers and international distributors. The business is organised around retail, foodservice and international operations, with a mix of refrigerated protein products, shelf-stable foods and snacks.
Hormel earns money by supplying these branded and unbranded foods to retailers and foodservice customers. Revenue is $12.1 billion over the last twelve months, and revenue growth over three years is -1.0% a year, so sales have drifted slightly lower. The operating margin is 4.7%, and the business earns a profit of 4% on the capital invested in it. It carries net debt of 2.3 times EBITDA, and the dividend yield is 5.7%. On the site's X-Ray Score it receives 42 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $18.77 – $26.03Volume 5,623,300Daily, split-adjusted
Vitals
Market cap$11.2B
52-week range$18.77 – $26.03
Volume (last day)5,623,300
P/E (TTM)32.8
EBIT / EV yield4.3%
Free-cash-flow yield6.9%
Dividend yield5.7%
Revenue (TTM)$12.1B
Net income (TTM)$343M
Operating margin4.7%
Return on capital4.1%
Debt incl. leases$2.9B
Cash & securities$868M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$18model spread $17 – $19
Fair
−12.4% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Low, so the safety margin is 20%.
Price $20
Undervalued < $14Fair $14 – $21Overvalued > $21
10-year DCF (market-scaled)
$15
Peer multiples
$18
Earnings power floor (not blended)
$17
Fundamentals-adjusted multiple
$21
Growth the price implies
14.6%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Staples peers. Open a lens to see the numbers behind it.
Valuation
Fair
50/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield4.3%
Free-cash-flow yield6.9%
Fair value vs price0.9×
Growth
Weak
26/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-1.0%
EPS growth (3y)-21.8%
Growth consistency50%
Profitability
Weak
37/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital4.1%
Operating margin4.7%
Gross profitability14.3%
Financial health
Weak
46/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA2.3×
Interest cover7.3×
Dividends
Fair
58/100
Dividend is typical for its sector.
See the numbers →
Dividend yield5.7%
Dividends vs free cash flow83%
Dividend growth4.3%
Quarterly results: last 6 quarters
+0.4%
Apr '25
+4.6%
Jul '25
+1.5%
Oct '25
+1.3%
Jan '26
+2.5%
Apr '26
-2.4%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.0B, diluted EPS $0.11.
Compare with peers
MKC Mccormick & Co Inc53 TSN Tyson Foods, Inc.38 KHC Kraft Heinz Co35 MDLZ Mondelez International...35Other Packaged Foods & Meats companies by X-Ray Score.
Fundamentals checklist
● 3 Good · ● 6 Average · ● 7 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Altman Z''Good
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalBad
Operating marginBad
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 41/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $11.4B | $12.5B | $12.1B | $11.9B | $12.1B |
| Operating income | $1.1B | $1.3B | $1.1B | $1.1B | $719M |
| Net income | $909M | $1,000M | $794M | $805M | $478M |
| Operating cash flow | $1.0B | $1.1B | $1.0B | $1.3B | $845M |
| Operating margin | 9.9% | 10.5% | 8.9% | 9.0% | 5.9% |
| Free cash flow | $770M | $856M | $778M | $1.0B | $534M |
| Diluted EPS | $1.66 | $1.82 | $1.45 | $1.47 | $0.87 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 1 neutral · 10 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 19.53 | Bullish |
| EMA 10 | 19.72 | Bullish |
| SMA 20 | 19.62 | Bullish |
| EMA 20 | 19.87 | Bullish |
| SMA 50 | 21.23 | Bearish |
| EMA 50 | 20.90 | Bearish |
| SMA 100 | 22.68 | Bearish |
| EMA 100 | 21.71 | Bearish |
| SMA 200 | 22.31 | Bearish |
| EMA 200 | 22.40 | Bearish |
Oscillators (daily)
| RSI (14) | 54.57 | Neutral |
| MACD (12, 26) | -0.36 | Bearish |
| Momentum (12) | 3.88 | Bullish |
| Stochastic %K (14) | 87.16 | Bearish |
| Williams %R (14) | -12.84 | Bearish |
| CCI (20) | 164.2 | Bearish |
Pivot points (classic, last session)
S3 19.81 | S2 20.03 | S1 20.21 | Pivot 20.43 | R1 20.61 | R2 20.83 | R3 21.01 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.17 USD
Yield on today's price
5.74%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 13 Oct 2026 | 0.2925 |
| 13 Jul 2026 | 0.2925 |
| 13 Apr 2026 | 0.2925 |
| 12 Jan 2026 | 0.2925 |
| 14 Oct 2025 | 0.2900 |
| 14 Jul 2025 | 0.2900 |
| 14 Apr 2025 | 0.2900 |
| 13 Jan 2025 | 0.2900 |
| 15 Oct 2024 | 0.2825 |
| 15 Jul 2024 | 0.2825 |
| 12 Apr 2024 | 0.2825 |
| 12 Jan 2024 | 0.2825 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
HRL SEC filings
30 Sep 2026
8-KSEC EDGAR
Entered a material agreement; Regulation FD disclosure
27 Aug 2026
10-QSEC EDGAR
Quarterly report
27 Aug 2026
8-KSEC EDGAR
Results of operations
24 Aug 2026
8-KSEC EDGAR
Director or officer change
28 Jul 2026
8-KSEC EDGAR
Director or officer change
12 Jun 2026
8-KSEC EDGAR
Director or officer change
28 May 2026
10-QSEC EDGAR
Quarterly report
28 May 2026
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.