HORMEL FOODS CORP /DE/ (HRL) closed fiscal year 2025 with a gross margin of 15.6 % and a net margin of 4.0 %.
HORMEL FOODS CORP /DE/ (HRL) closed fiscal year 2025 with a gross margin of 15.6 % and a net margin of 4.0 %. The same year shows an EBITDA margin of 8.1 % and an EBIT margin of 5.9 %. The free cash flow margin was 4.4 %. Against the previous year the gross margin moved −1.3 pp and the net margin −2.8 pp. Across the period the gross margin ranges between 15.6 % in 2025 and 22.7 % in 2016. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: October
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 15.72 % | 16.82 % | 17.16 % | 16.90 % | 16.18 % | 16.14 % | 16.80 % | 19.52 % | 22.66 % | 21.78 % | 20.74 % | 19.84 % | 19.00 % | 16.93 % | 17.37 % | 16.51 % | 16.96 % | 15.63 % |
| EBITDA margin (%) | — | 9.73 % | 10.33 % | 10.69 % | 10.94 % | 10.64 % | 11.40 % | 12.96 % | 15.29 % | 15.36 % | 14.06 % | 14.34 % | 13.59 % | 11.70 % | 12.43 % | 10.94 % | 11.12 % | 8.12 % |
| EBIT margin (%) | — | 7.78 % | 8.59 % | 9.11 % | 9.49 % | 9.21 % | 10.00 % | 11.52 % | 13.90 % | 13.93 % | 12.36 % | 12.60 % | 11.45 % | 9.86 % | 10.54 % | 8.85 % | 8.96 % | 5.94 % |
| Net margin (%) | 4.23 % | 5.25 % | 5.48 % | 6.01 % | 6.08 % | 6.01 % | 6.47 % | 7.41 % | 9.35 % | 9.24 % | 10.60 % | 10.31 % | 9.45 % | 7.98 % | 8.03 % | 6.55 % | 6.75 % | 3.95 % |
| FCF margin (%) | 2.16 % | 7.07 % | 5.48 % | 4.98 % | 4.68 % | 6.07 % | 6.31 % | 9.15 % | 8.24 % | 8.86 % | 8.93 % | 6.62 % | 7.92 % | 6.76 % | 6.87 % | 6.42 % | 8.48 % | 4.41 % |
