Hormel Historical Income Statement

HRL Stock

USD 32.43 0.51 1.60%

Historical analysis of Hormel Foods income statement accounts such as Total Revenue of 14.6 B or Gross Profit of 1.3 B can show how well Hormel Foods performed in making a profits. Evaluating Hormel Foods income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Hormel Foods's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Hormel Foods latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hormel Foods is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hormel Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Hormel Stock please use our How to buy in Hormel Stock guide.

About Hormel Income Statement Analysis

Hormel Foods Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Hormel Foods shareholders. The income statement also shows Hormel investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Hormel Foods Income Statement Chart

At this time, Hormel Foods' EBITDA is quite stable compared to the past year. Cost Of Revenue is expected to rise to about 12.2 B this year, although the value of Gross Profit will most likely fall to about 1.3 B.

Total Revenue Gross Profit Operating Income Net Income Interest Income

Total Revenue

Total revenue comprises all receipts Hormel Foods generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Hormel Foods minus its cost of goods sold. It is profit before Hormel Foods operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Hormel Foods operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Hormel Foods is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Hormel Foods financial statement analysis. It represents the amount of money remaining after all of Hormel Foods operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Most accounts from Hormel Foods' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Hormel Foods current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hormel Foods. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Hormel Stock please use our How to buy in Hormel Stock guide.At this time, Hormel Foods' EBITDA is quite stable compared to the past year. Cost Of Revenue is expected to rise to about 12.2 B this year, although the value of Gross Profit will most likely fall to about 1.3 B.

	2021	2022	2023	2024 (projected)
Interest Expense	62.5M	73.4M	84.4M	80.2M
Depreciation And Amortization	262.8M	253.3M	291.3M	305.9M

Interest Expense Depreciation And Amortization

Hormel Foods income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Research Development	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Operating Income Net Other	Minority Interest	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.91	0.93	0.56	0.93	0.69	0.67	0.78	0.93	0.88	0.64	-0.74	0.75	-0.05	0.64	0.6	-0.22	0.67	0.4	-0.61	-0.14	-0.78	0.45	-0.61	0.89	-0.6
Interest Expense	0.91		0.8	0.36	0.82	0.44	0.42	0.54	0.82	0.77	0.37	-0.89	0.49	-0.21	0.66	0.38	0.05	0.45	0.32	-0.55	-0.08	-0.69	0.46	-0.86	0.92	-0.66
Total Revenue	0.93	0.8		0.69	1.0	0.83	0.81	0.88	1.0	0.95	0.79	-0.58	0.81	0.26	0.57	0.78	-0.43	0.65	0.25	-0.61	-0.26	-0.55	0.33	-0.58	0.72	-0.56
Gross Profit	0.56	0.36	0.69		0.66	0.88	0.88	0.87	0.65	0.79	0.88	-0.11	0.85	0.6	0.74	0.95	-0.65	0.81	-0.03	-0.57	-0.39	-0.3	0.19	-0.17	0.45	0.08
Other Operating Expenses	0.93	0.82	1.0	0.66		0.79	0.78	0.85	1.0	0.94	0.75	-0.61	0.77	0.22	0.57	0.75	-0.41	0.61	0.28	-0.6	-0.22	-0.57	0.34	-0.61	0.74	-0.58
Operating Income	0.69	0.44	0.83	0.88	0.79		1.0	0.99	0.79	0.88	1.0	-0.16	0.96	0.56	0.53	0.89	-0.52	0.85	-0.07	-0.62	-0.55	-0.31	0.19	-0.22	0.41	-0.26
Ebit	0.67	0.42	0.81	0.88	0.78	1.0		0.99	0.77	0.87	1.0	-0.13	0.96	0.56	0.53	0.89	-0.53	0.86	-0.06	-0.62	-0.54	-0.31	0.18	-0.18	0.41	-0.23
Ebitda	0.78	0.54	0.88	0.87	0.85	0.99	0.99		0.85	0.92	0.98	-0.26	0.97	0.47	0.58	0.88	-0.5	0.87	0.03	-0.66	-0.49	-0.42	0.25	-0.28	0.53	-0.32
Cost Of Revenue	0.93	0.82	1.0	0.65	1.0	0.79	0.77	0.85		0.93	0.74	-0.61	0.77	0.21	0.56	0.75	-0.42	0.6	0.3	-0.59	-0.2	-0.57	0.35	-0.6	0.74	-0.58
Total Operating Expenses	0.88	0.77	0.95	0.79	0.94	0.88	0.87	0.92	0.93		0.84	-0.51	0.86	0.3	0.71	0.81	-0.35	0.76	0.09	-0.67	-0.42	-0.53	0.22	-0.57	0.7	-0.51
Income Before Tax	0.64	0.37	0.79	0.88	0.75	1.0	1.0	0.98	0.74	0.84		-0.09	0.96	0.58	0.5	0.89	-0.54	0.86	-0.07	-0.6	-0.56	-0.28	0.16	-0.14	0.37	-0.21
Total Other Income Expense Net	-0.74	-0.89	-0.58	-0.11	-0.61	-0.16	-0.13	-0.26	-0.61	-0.51	-0.09		-0.19	0.3	-0.5	-0.09	-0.23	-0.17	-0.25	0.48	-0.12	0.59	-0.57	0.81	-0.82	0.58
Net Income	0.75	0.49	0.81	0.85	0.77	0.96	0.96	0.97	0.77	0.86	0.96	-0.19		0.33	0.59	0.83	-0.47	0.95	0.06	-0.56	-0.44	-0.53	0.18	-0.19	0.52	-0.25
Income Tax Expense	-0.05	-0.21	0.26	0.6	0.22	0.56	0.56	0.47	0.21	0.3	0.58	0.3	0.33		0.09	0.62	-0.55	0.2	-0.37	-0.36	-0.53	0.53	0.02	0.15	-0.25	0.22
Selling General Administrative	0.64	0.66	0.57	0.74	0.57	0.53	0.53	0.58	0.56	0.71	0.5	-0.5	0.59	0.09		0.61	-0.17	0.68	0.09	-0.62	-0.23	-0.55	0.26	-0.49	0.78	-0.1
Research Development	0.6	0.38	0.78	0.95	0.75	0.89	0.89	0.88	0.75	0.81	0.89	-0.09	0.83	0.62	0.61		-0.78	0.71	0.09	-0.48	-0.33	-0.29	0.14	-0.19	0.41	-0.03
Selling And Marketing Expenses	-0.22	0.05	-0.43	-0.65	-0.41	-0.52	-0.53	-0.5	-0.42	-0.35	-0.54	-0.23	-0.47	-0.55	-0.17	-0.78		-0.29	-0.25	0.04	-0.08	0.09	-0.02	-0.19	-0.05	-0.3
Net Income From Continuing Ops	0.67	0.45	0.65	0.81	0.61	0.85	0.86	0.87	0.6	0.76	0.86	-0.17	0.95	0.2	0.68	0.71	-0.29		0.01	-0.56	-0.44	-0.56	0.2	-0.13	0.55	-0.14
Non Operating Income Net Other	0.4	0.32	0.25	-0.03	0.28	-0.07	-0.06	0.03	0.3	0.09	-0.07	-0.25	0.06	-0.37	0.09	0.09	-0.25	0.01		0.03	0.36	-0.53	0.21	0.0	0.47	-0.1
Minority Interest	-0.61	-0.55	-0.61	-0.57	-0.6	-0.62	-0.62	-0.66	-0.59	-0.67	-0.6	0.48	-0.56	-0.36	-0.62	-0.48	0.04	-0.56	0.03		0.53	0.25	-0.38	0.34	-0.6	0.27
Non Recurring	-0.14	-0.08	-0.26	-0.39	-0.22	-0.55	-0.54	-0.49	-0.2	-0.42	-0.56	-0.12	-0.44	-0.53	-0.23	-0.33	-0.08	-0.44	0.36	0.53		-0.25	0.08	0.06	0.02	0.23
Tax Provision	-0.78	-0.69	-0.55	-0.3	-0.57	-0.31	-0.31	-0.42	-0.57	-0.53	-0.28	0.59	-0.53	0.53	-0.55	-0.29	0.09	-0.56	-0.53	0.25	-0.25		-0.21	0.35	-0.8	0.36
Interest Income	0.45	0.46	0.33	0.19	0.34	0.19	0.18	0.25	0.35	0.22	0.16	-0.57	0.18	0.02	0.26	0.14	-0.02	0.2	0.21	-0.38	0.08	-0.21		-0.39	0.55	-0.13
Net Interest Income	-0.61	-0.86	-0.58	-0.17	-0.61	-0.22	-0.18	-0.28	-0.6	-0.57	-0.14	0.81	-0.19	0.15	-0.49	-0.19	-0.19	-0.13	0.0	0.34	0.06	0.35	-0.39		-0.65	0.59
Reconciled Depreciation	0.89	0.92	0.72	0.45	0.74	0.41	0.41	0.53	0.74	0.7	0.37	-0.82	0.52	-0.25	0.78	0.41	-0.05	0.55	0.47	-0.6	0.02	-0.8	0.55	-0.65		-0.42
Extraordinary Items	-0.6	-0.66	-0.56	0.08	-0.58	-0.26	-0.23	-0.32	-0.58	-0.51	-0.21	0.58	-0.25	0.22	-0.1	-0.03	-0.3	-0.14	-0.1	0.27	0.23	0.36	-0.13	0.59	-0.42

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Hormel Foods Account Relationship Matchups

Hormel Foods income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	205.8M	228.4M	262.8M	253.3M	291.3M	305.9M
Interest Expense	21.1M	43.3M	62.5M	73.4M	84.4M	80.2M
Total Revenue	9.6B	11.4B	12.5B	12.1B	13.9B	14.6B
Gross Profit	1.8B	1.9B	2.2B	2.0B	2.3B	1.3B
Other Operating Expenses	8.5B	10.3B	11.2B	11.0B	12.7B	13.3B
Operating Income	1.1B	1.1B	1.3B	1.1B	1.2B	1.3B
Ebit	1.1B	1.2B	1.3B	1.1B	1.2B	1.3B
Ebitda	1.3B	1.4B	1.6B	1.3B	1.5B	1.6B
Cost Of Revenue	7.8B	9.5B	10.3B	10.1B	11.6B	12.2B
Total Operating Expenses	761.3M	853.1M	879.3M	927.8M	1.1B	1.0B
Income Before Tax	1.1B	1.1B	1.3B	1.0B	1.2B	1.2B
Total Other Income Expense Net	14.5M	3.6M	(34.5M)	(58.6M)	(52.7M)	(50.1M)
Net Income	908.1M	908.8M	1000.0M	793.6M	912.6M	958.2M
Income Tax Expense	206.4M	217.0M	277.9M	220.6M	253.6M	169.7M
Selling General Administrative	637.7M	714.6M	722.0M	748.4M	860.6M	559.6M
Research Development	32.5M	31.9M	33.6M	33.7M	38.8M	28.2M
Net Income Applicable To Common Shares	908.1M	908.8M	1000.0M	793.6M	912.6M	593.6M
Selling And Marketing Expenses	123.6M	138.5M	157.3M	160.1M	144.1M	275.7M
Net Income From Continuing Ops	908.4M	909.1M	1.0B	792.9M	911.9M	828.7M
Non Operating Income Net Other	31.5M	35.6M	46.9M	28.0M	32.2M	25.9M
Minority Interest	272K	301K	(239K)	653K	587.7K	558.3K
Tax Provision	206.4M	217.0M	277.9M	220.6M	198.5M	233.1M
Interest Income	14.5M	3.6M	34.5M	14.8M	17.1M	13.4M
Net Interest Income	14.5M	3.6M	(34.5M)	(58.6M)	(52.7M)	(50.1M)
Reconciled Depreciation	205.8M	228.4M	262.8M	253.3M	291.3M	221.3M

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When determining whether Hormel Foods is a strong investment it is important to analyze Hormel Foods' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hormel Foods' future performance. For an informed investment choice regarding Hormel Stock, refer to the following important reports:

How To Invest In Hormel

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Is Hormel Stock a good investment?

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What is Hormel Foods' Net Worth?

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Largest Packaged Foods & Meats Companies

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For more information on how to buy Hormel Stock please use our How to buy in Hormel Stock guide.

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Is Packaged Foods & Meats space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hormel Foods. If investors know Hormel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hormel Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.075

Dividend Share

1.123

Earnings Share

1.43

Revenue Per Share

21.882

Quarterly Revenue Growth

(0.02)

The market value of Hormel Foods is measured differently than its book value, which is the value of Hormel that is recorded on the company's balance sheet. Investors also form their own opinion of Hormel Foods' value that differs from its market value or its book value, called intrinsic value, which is Hormel Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hormel Foods' market value can be influenced by many factors that don't directly affect Hormel Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Hormel Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hormel Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hormel Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Hormel Historical Income Statement

About Hormel Income Statement Analysis

Hormel Foods Income Statement Chart

Total Revenue

Gross Profit

Operating Income

Net Income

Interest Income

Hormel Foods income statement Correlations

Hormel Foods Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hormel Foods income statement Accounts

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Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebit	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Operating Income
Income Before Tax	+ 1.0	Ebit

Total Other Income Expense Net	- 0.89	Interest Expense
Net Interest Income	- 0.86	Interest Expense
Reconciled Depreciation	- 0.82	Total Other Income Expense Net
Reconciled Depreciation	- 0.8	Tax Provision
Selling And Marketing Expenses	- 0.78	Research Development
Tax Provision	- 0.78	Depreciation And Amortization