HRL Hormel Foods margins

  1. Stocks
  2. Consumer Defensive
  3. NYSE: HRL
  4. Margins
Sign up for free to view scoring metrics ?
Relative Growth: Rel. Growth:
Relative Strength: Rel. Strength:
Relative Valuation: Rel. Valuation:
Relative Profitability: Rel. Profitability: 35
Gross margin
15.7%
Operating margin
6%
EBITDA margin
7.5%
Net margin
2.8%

Using the latest TTM figures, Hormel Foods shows a gross margin of 15.7%, an operating margin of 6%, an EBITDA margin of 7.5%, and a net margin of 2.8%. EBITDA margin had the largest decline, decreasing by 3.7 percentage points, while the other available margins also declined.

HRL margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Hormel Foods recorded average margins of 16.31% gross, 7.69% operating, 10.38% EBITDA, and 5.53% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.

HRL margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all declined, with EBITDA margin showing the largest decrease at 3.7 percentage points.

Gross margin expansion
-0.6pp
Operating margin expansion
-1.9pp
EBITDA margin expansion
-3.7pp
Net margin expansion
-3.5pp

HRL Gross margin

The average gross margin for Hormel Foods was 16.31% over the last 3 years. At present, the current gross margin for Hormel Foods is 15.7%, 0.6 percentage points below its three-year average. The gross margin for Hormel Foods moved between 15.5% in Jan 2026 and 17% in Oct 2024.

HRL Operating margin

The average operating margin for Hormel Foods was 7.69% during the last 3 years. Against its three-year average, Hormel Foods's operating margin is currently 6%, 1.7 percentage points below its three-year average. The operating margin for Hormel Foods moved between 6% in Jul 2026 and 8.5% in Oct 2024.

HRL EBITDA margin

Across the last 3 years, Hormel Foods's EBITDA margin averaged 10.38%. As of the latest period, Hormel Foods's current EBITDA margin is 7.5%, which is 2.9 percentage points below its three-year average. EBITDA margin was highest at 11.8% in Oct 2024 and lowest at 7.5% in Jul 2026.

HRL Net margin

Over the last 3 years, Hormel Foods's net margin averaged 5.53%. Right now, Hormel Foods's current net margin is 2.8%, which is 2.7 percentage points below its three-year average. During this period, net margin reached a high of 6.8% in Oct 2024 and a low of 2.8% in Jul 2026.

HRL margin group comparison

Margins compared with peer-group, industry and sector averages

Hormel Foods's gross margin of 15.7% is above its peers average but below the Consumer Defensive sector and the industry average. Compared to its Consumer Defensive sector average of 36.6%, Hormel Foods's gross margin is 57% lower.

HRL margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Hormel Foods's gross margin?

As of Jul 26, 2026, HRL has a gross margin of 15.7%.

What is Hormel Foods's operating margin?

As of Jul 26, 2026, HRL has an operating margin of 6%.

What is Hormel Foods's EBITDA margin?

The current EBITDA margin for HRL is 7.5% as of Jul 26, 2026.

What is Hormel Foods's net margin?

The current net margin for HRL is 2.8% as of Jul 26, 2026.

What are the average margins of HRL?

Over the past 3 years, HRL reported average margins of 16.3% gross, 7.7% operating, 10.4% EBITDA, and 5.5% net.

What are the highest historical margins of HRL?

Looking back across 5 years, HRL reached 17.4% gross in Oct 2022, 10.3% operating in Oct 2022, 12.8% EBITDA in Oct 2022, and 8% net in Oct 2022.

What are the lowest historical margins of HRL?

Over this 5-year history, Hormel Foods's margins fell as low as 15.5% gross in Jan 2026, 6% operating in Jul 2026, 7.5% EBITDA in Jul 2026, and 2.8% net in Jul 2026.