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HORMEL FOODS CORP /DE/

LISTEDNYSE

SYMBOLHRL

SIC2011

STATE OF INC.DE

FISCAL YEAR ENDSOctober 25

CIK48465

MEAT PACKING PLANTS · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 10/26/25

($ millions)	Amount	%
Total debt	2,857	26.6
Stockholders' equity	7,901	73.4
Total capitalization	10,759	100.0

LONG-TERM DEBT 10/26/25

($ millions)	Amount
Long-term debt, incl. current maturities	2,857
Long-term debt, noncurrent	2,851
Current maturities	7

CAPITAL STOCK 10/26/25

Preferred stock ($ millions)

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	1.16	133.3
2024	1.13	76.9
2023	1.10	75.9
2022	1.04	57.1
2021	0.98	59.0

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as HORMEL GEO A & CO (to 14 March 1995).

BUSINESS: Classified by the SEC under Standard Industrial Classification 2011, Meat Packing Plants. Large accelerated filer. Principal executive office: 1 Hormel Pl, Austin, MN 55912-3680. Fiscal year ends October 25. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	10/26/25	10/27/24	10/29/23
Revenues	12,106	11,921	12,110
Cost of revenues	10,214	9,899	10,110
Gross profit	1,892	2,022	2,000
Research and development	35	36	34
Selling, general and administrative	997	1,005	942
Depreciation and amortization	264	258	253
Operating income	719	1,068	1,072
Interest expense	78	81	73
Income before income taxes	663	1,035	1,013
Income taxes	186	231	221
Net income	478	805	794
Earned per share, diluted ($)	0.87	1.47	1.45
Dividends per share ($)	1.16	1.13	1.10

CONSOLIDATED BALANCE SHEET

($ millions)	10/26/25	10/27/24
Cash and equivalents	671	742
Receivables, net	785	818
Inventories	1,747	1,576
Total current assets	3,406	3,246
Property, plant and equipment, net	2,239	2,195
Goodwill	4,924	4,923
Total assets	13,393	13,435
Total current liabilities	1,381	1,399
Long-term debt	2,851	2,851
Stockholders' equity	7,901	7,993
Total liabilities and equity	13,393	13,435

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
10/26/25	12,106	719	478	4.0	0.87	1.16	845	311	534	13,393	5,477d	2,857	7,901	6.1	0.36
10/27/24	11,921	1,068	805	6.8	1.47	1.13	1,267	256	1,010	13,435	5,431d	2,859	7,993	10.1	0.36
10/29/23	12,110	1,072	794	6.6	1.45	1.10	1,048	270	778	13,449	5,710d	3,309	7,735	10.3	0.43
10/30/22	12,459	1,313	1,000	8.0	1.82	1.04	1,135	279	856	13,307	5,767d	3,299	7,535	13.3	0.44
10/31/21	11,386	1,123	909	8.0	1.66	0.98	1,002	232	770	12,696	5,718d	3,324	6,973	13.0	0.48
10/25/20	9,608	1,100	908	9.5	1.66	0.93	1,128	368	761	9,908	3,478d	1,304	6,426	14.1	0.20
10/27/19	9,497	1,196	979	10.3	1.80	0.84	923	294	629	8,109	2,183d	250	5,921	16.5	0.04
10/28/18	9,546	1,180	1,012	10.6	1.86	0.75	1,242	390	852	8,142	2,537d	625	5,601	18.1	0.11
10/29/17	9,168	1,277	847	9.2	1.57	0.68	1,034	221	813	6,976	2,036d	250	4,936	17.2	0.05
10/30/16	9,523	1,324	890	9.3	1.64	0.58	1,040	256	784	6,976	2,525d	250	4,448	20.0	0.06

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

HORMEL FOODS CORP /DE/
CIK 48465 · EIN 41-0319970

PRINCIPAL OFFICE:

1 Hormel Pl, Austin, MN 55912-3680
Tel.: (507) 437-5611

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

2011 · Meat Packing Plants

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 10/26/25, filed 5 December 2025

FORMER NAMES:

HORMEL GEO A & CO

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

9/30/26	8-K	period 9/29/26
8/27/26	10-Q	period 7/26/26
8/27/26	8-K	period 8/27/26
8/24/26	8-K	period 8/24/26
7/28/26	8-K	period 7/27/26
6/12/26	8-K	period 6/9/26
5/28/26	10-Q	period 4/26/26
5/28/26	8-K	period 5/28/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 12/5/25) · 10-K FY2024 (filed 12/5/24) · 10-K FY2023 (filed 12/6/23) · 10-K FY2022 (filed 12/6/22) · 10-K FY2021 (filed 12/10/21) · 10-K FY2020 (filed 12/4/20) · 10-K FY2019 (filed 12/6/19) · 10-K FY2018 (filed 12/7/18). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.