Hormel Foods (HRL) FY2025 10-K Annual Report

Filed: Dec 5, 2025
Consumer Staples
Meat Packing PlantsSEC EDGAR

Hormel Foods (HRL) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Dec 5, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Hormel Foods FY2025 10-K Analysis

Business Overview

  • Core business model focuses on branded packaged foods and related consumer products
  • No new products, services, or segments introduced or emphasized in FY 2025 filing
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Management Discussion & Analysis

  • Revenue $12.1B, up 2% YoY driven by Retail, Foodservice, and International segments
  • Operating income $719M (Non-GAAP), down 11%; operating margin 15.6% vs 17.0% YoY; net earnings $478M GAAP, down 41%, adjusted net earnings $755M, down 13%
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Risk Factors

  • Impairment charge $163.7M on Garudafood equity investment indicating risks in acquisitions and foreign joint ventures
  • Exposure to U.S. tariffs and retaliatory trade barriers increasing key input costs and supply chain uncertainty
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Hormel Foods FY2025 Key Financial Metrics
XBRL

Revenue

$12.1B

+1.6% YoY

Net Income

$478M

-40.6% YoY

Gross Margin

15.6%

-134bp YoY

Operating Margin

5.9%

-302bp YoY

Net Margin

4.0%

-280bp YoY

ROE

6.1%

-402bp YoY

Total Assets

$13.4B

-0.3% YoY

EPS (Diluted)

$0.87

-40.8% YoY

Operating Cash Flow

$845M

-33.3% YoY

Source: XBRL data from Hormel Foods FY2025 10-K filing on SEC EDGAR. All figures in USD.

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