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OverviewAnalysisPriceRevenueEarningsP/ERatiosDividendTargets

Hormel Foods Corporation (HRL) Quarterly Financial Ratios

Last 47 quarters of trend data · Consumer Defensive · Packaged Foods

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

Hormel Foods Corporation's quarterly P/E stands at 18.6x, down 25.2% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 19.4% YoY to 13.0x, reflecting multiple compression or accelerating EBITDA.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
P/E Ratio →23.8418.64—22.1522.5024.9019.0925.0125.9719.3722.6034.2025.27
—-25.2%—-11.4%-13.4%+28.6%-15.5%-26.9%+2.8%-31.0%-0.7%+10.9%-7.4%
P/S Ratio0.941.121.031.331.411.421.341.521.681.421.401.901.86
—-21.2%-23.0%-12.5%-16.0%+0.3%-4.1%-20.2%-10.0%-31.6%-28.3%-15.1%-19.9%
P/B Ratio1.441.191.661.992.032.112.102.232.452.162.312.922.89
—-43.7%-21.0%-10.9%-17.1%-2.4%-9.1%-23.5%-15.0%-33.0%-32.0%-20.8%-26.4%
P/FCF21.3612.0914.1747.61—17.9112.9228.8227.5011.9020.5223.5235.90
—-32.5%+9.7%+65.2%—+50.5%-37.0%+22.5%-23.4%-67.8%-9.4%-56.7%-42.7%
EV / EBITDA13.8413.0153.4815.0714.8416.1413.0916.5717.1713.8616.6322.3917.43
—-19.4%+308.4%-9.0%-13.6%+16.4%-21.3%-26.0%-1.5%-28.7%+4.6%+7.8%-11.5%
EV / EBIT18.92——17.9218.5419.9915.7820.1320.4115.9019.3227.8320.97
———-11.0%-9.2%+25.7%-18.3%-27.7%-2.7%-30.2%+4.0%+14.9%-9.7%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Hormel Foods Corporation's operating margin was 8.0% in Q1 2026, up 8.0 pp QoQ and up 0.4 pp YoY. The trailing four-quarter average of 6.1% lags the current quarter, suggesting the recent improvement is above-trend.

Margins

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Gross Margin15.6%15.5%14.0%16.1%16.7%15.9%16.6%16.8%17.4%17.0%16.1%16.8%16.5%
—-2.4%-15.9%-4.6%-4.2%-6.3%+3.3%+0.3%+5.7%+1.7%-6.8%+0.8%-7.7%
Operating Margin5.9%8.0%0.1%7.9%8.6%7.6%9.4%8.2%8.7%9.5%8.4%7.3%9.9%
—+5.4%-99.3%-3.2%-2.0%-19.5%+11.1%+11.6%-12.0%-2.6%-24.5%-23.7%-8.1%
Net Margin4.0%6.0%-1.8%6.1%6.2%5.7%7.0%6.1%6.6%7.3%6.1%5.5%7.3%
—+5.2%-125.1%-0.6%-5.3%-21.9%+14.5%+11.0%-10.1%-0.3%-28.1%-23.9%-13.6%

Return on Capital

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
ROE6.0%1.9%-0.7%2.3%2.2%2.1%2.8%2.2%2.4%2.8%2.5%2.1%2.8%
—-11.5%-125.3%+1.7%-6.9%-24.3%+9.4%+6.1%-15.3%-2.2%-32.5%-29.1%-21.6%
ROA3.6%1.4%-0.4%1.4%1.3%1.3%1.7%1.3%1.4%1.6%1.5%1.2%1.6%
—+7.1%-125.2%+5.3%-2.0%-21.7%+13.8%+6.6%-16.2%-0.9%-31.1%-27.0%-19.0%
ROIC5.3%1.8%0.0%1.7%1.8%1.7%2.2%1.7%1.9%2.1%2.0%1.6%2.1%
—+4.4%-99.3%+0.5%-0.9%-18.4%+10.9%+11.1%-13.4%-3.3%-30.0%-29.7%-17.4%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

The current ratio has improved 8.5% YoY to 2.66x, strengthening the short-term liquidity position.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Debt / Equity0.36—0.360.350.360.360.360.360.480.420.430.430.43
——+1.1%-2.8%-26.3%-15.7%-16.5%-15.3%+12.3%-2.6%-2.3%-4.4%-4.5%
Debt / EBITDA2.91—39.949.389.159.717.929.5212.069.5010.7811.789.24
——+404.2%-1.4%-24.1%+2.2%-26.5%-19.1%+30.5%+1.0%+43.3%+27.0%+11.0%
Current Ratio2.472.662.472.472.472.452.322.291.731.491.431.402.42
—+8.5%+6.3%+7.9%+43.3%+64.7%+62.7%+63.2%-28.8%-36.0%-42.2%-41.5%+6.3%
Quick Ratio1.201.371.201.121.171.311.191.031.000.790.700.651.09
—+4.1%+0.6%+8.4%+17.1%+66.0%+70.7%+57.4%-7.9%-25.8%-46.4%-46.2%-9.5%
Interest Coverage9.2112.350.1112.3212.7311.7315.1611.0311.6415.5214.7111.8016.14
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 47 years · Updated daily

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HRL — Frequently Asked Questions

Quick answers to the most common questions about buying HRL stock.

What is Hormel Foods Corporation's quarterly P/E ratio trend?

Hormel Foods Corporation's current P/E is 23.8x. The average P/E over the last 3 quarters is 21.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Hormel Foods Corporation's margins change by quarter?

Hormel Foods Corporation's current operating margin is 5.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at HRL quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Hormel Foods Corporation's business trajectory between earnings reports.

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