Hormel Foods Corporation (HRL) Key Metrics
HRL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $11.23B
- Enterprise value
- $12.95B
- P/E (TTM)
- 32.9 10-yr median 23.5
- Forward P/E
- 12.9
- PEG ratio
- 1.40
- Price / sales
- 0.9 10-yr median 2.0
- Price / book
- 1.4 10-yr median 3.4
- EV / EBITDA
- 14.8 10-yr median 15.5
- Dividend yield
- 5.74% $1.17 a year
- Beta
- 0.29
HRL key metrics, FY2016–FY2025
Fiscal year ended October 31, 2025 · U.S. dollarsHRL valuation Price multiples at each fiscal year-end price.
HRL returns How much profit the business earns on the capital it uses.
HRL per-share figures Results divided by the shares outstanding at year-end.
HRL financial health Debt, liquidity and how easily interest is covered.
HRL efficiency & capital use Working capital cycle and where the cash goes.
HRL valuation history
HRL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HRL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HRL cash returned to shareholders
HRL price vs earnings per share
HRL key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $11.89B | $16.77B | $17.87B | $25.53B | $23.17B | $26.61B | $22.29B | $23.73B | $16.80B | $20.89B |
| Enterprise value | $14.04B | $18.86B | $20.43B | $27.83B | $25.86B | $26.19B | $21.86B | $23.90B | $16.60B | $21.77B |
| P/E ratio | 24.9 | 20.8 | 22.5 | 25.5 | 25.5 | 29.3 | 22.8 | 23.4 | 19.8 | 23.5 |
| Price / sales | 1.0 | 1.4 | 1.5 | 2.0 | 2.0 | 2.8 | 2.3 | 2.5 | 1.8 | 2.2 |
| Price / book | 1.5 | 2.1 | 2.3 | 3.4 | 3.3 | 4.1 | 3.8 | 4.2 | 3.4 | 4.7 |
| Price / free cash flow | 22.2 | 16.6 | 23.0 | 29.8 | 30.0 | 35.0 | 33.4 | 27.5 | 20.7 | 28.1 |
| Price / operating cash flow | 14.1 | 13.2 | 17.1 | 22.5 | 23.1 | 23.6 | 24.2 | 19.1 | 16.2 | 21.0 |
| EV / sales | 1.2 | 1.6 | 1.7 | 2.2 | 2.3 | 2.7 | 2.3 | 2.5 | 1.8 | 2.3 |
| EV / EBITDA | 14.0 | 13.7 | 15.2 | 17.4 | 18.5 | 19.5 | 15.7 | 17.4 | 11.7 | 14.9 |
| EV / free cash flow | 26.3 | 18.7 | 26.3 | 32.5 | 33.5 | 34.4 | 32.8 | 27.7 | 20.4 | 29.3 |
| Earnings yield | 4.0% | 4.8% | 4.4% | 3.9% | 3.9% | 3.4% | 4.4% | 4.3% | 5.0% | 4.3% |
| Free cash flow yield | 4.5% | 6.0% | 4.4% | 3.4% | 3.3% | 2.9% | 3.0% | 3.6% | 4.8% | 3.6% |
| Dividend yield | 5.3% | 3.7% | 3.3% | 2.2% | 2.3% | 1.8% | 2.0% | 1.6% | 2.1% | 1.4% |
| Shareholder yield (dividends + buybacks) | 5.3% | 3.7% | 3.4% | 2.2% | 2.3% | 1.9% | 2.7% | 1.8% | 2.6% | 1.8% |
| Share price at fiscal year-end | $21.59 | $30.55 | $32.55 | $46.45 | $42.32 | $48.69 | $40.89 | $43.64 | $31.16 | $38.50 |
| Per share | ||||||||||
| Revenue per share | $21.99 | $21.72 | $22.06 | $22.67 | $20.79 | $17.58 | $17.42 | $17.55 | $17.00 | $17.56 |
| Earnings per share | $0.87 | $1.47 | $1.45 | $1.82 | $1.66 | $1.66 | $1.80 | $1.86 | $1.57 | $1.64 |
| Operating cash flow per share | $1.54 | $2.31 | $1.91 | $2.07 | $1.83 | $2.06 | $1.69 | $2.28 | $1.92 | $1.83 |
| Free cash flow per share | $0.97 | $1.84 | $1.42 | $1.56 | $1.41 | $1.39 | $1.22 | $1.58 | $1.51 | $1.37 |
| Cash per share | $1.28 | $1.40 | $1.37 | $1.82 | $1.16 | $3.17 | $1.26 | $0.84 | $0.82 | $0.77 |
| Book value per share | $14.35 | $14.56 | $14.09 | $13.71 | $12.73 | $11.76 | $10.86 | $10.30 | $9.16 | $8.21 |
| Tangible book value per share | $2.42 | $2.44 | $1.91 | $1.47 | $0.40 | $5.01 | $4.41 | $3.09 | −$0.61 | −$0.22 |
| Dividends per share | $1.15 | $1.12 | $1.08 | $1.02 | $0.96 | $0.89 | $0.80 | $0.71 | $0.64 | $0.55 |
| Capex per share | $0.56 | $0.47 | $0.49 | $0.51 | $0.42 | $0.67 | $0.47 | $0.70 | $0.40 | $0.46 |
| Debt per share | $5.19 | $5.21 | $6.03 | $6.00 | $6.07 | $2.39 | $0.46 | $1.15 | $0.46 | $2.40 |
| Shares outstanding | 550.5M | 548.8M | 549.0M | 549.6M | 547.6M | 546.6M | 545.2M | 543.9M | 539.1M | 542.5M |
| Change in shares outstanding | +0.3% | −0.0% | −0.1% | +0.4% | +0.2% | +0.2% | +0.3% | +0.9% | −0.6% | +0.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.0% | 10.2% | 10.4% | 13.8% | 13.6% | 14.7% | 17.0% | 19.2% | 18.0% | 21.1% |
| Return on invested capital (ROIC) | 5.1% | 8.1% | 8.3% | 10.5% | 11.6% | 15.6% | 17.2% | 19.2% | 16.8% | 19.0% |
| Return on assets (ROA) | 3.6% | 6.0% | 5.9% | 7.7% | 8.0% | 10.1% | 12.0% | 13.4% | 12.7% | 14.2% |
| Return on tangible assets | 7.0% | 11.9% | 11.7% | 15.2% | 15.3% | 14.6% | 21.3% | 24.0% | 49.5% | 49.5% |
| Free cash flow margin | 4.4% | 8.5% | 6.4% | 6.9% | 6.8% | 7.9% | 7.0% | 9.0% | 8.9% | 7.8% |
| Income quality (OCF / net income) | 1.77 | 1.57 | 1.32 | 1.13 | 1.10 | 1.24 | 0.94 | 1.23 | 1.22 | 1.12 |
| Financial health | ||||||||||
| Total debt | $2.86B | $2.86B | $3.31B | $3.30B | $3.32B | $1.30B | $250.0M | $624.8M | $250.0M | $1.30B |
| Cash & short-term investments | $703.6M | $766.6M | $753.2M | $998.3M | $634.7M | $1.73B | $687.6M | $459.1M | $444.1M | $415.1M |
| Net debt | $2.15B | $2.09B | $2.56B | $2.30B | $2.69B | −$428.0M | −$437.6M | $165.7M | −$194.1M | $888.1M |
| Debt / equity | 0.36 | 0.36 | 0.43 | 0.44 | 0.48 | 0.20 | 0.04 | 0.11 | 0.05 | 0.29 |
| Debt / assets | 0.21 | 0.21 | 0.25 | 0.25 | 0.26 | 0.13 | 0.03 | 0.08 | 0.04 | 0.20 |
| Net debt / EBITDA | 2.14 | 1.52 | 1.91 | 1.44 | 1.92 | −0.32 | −0.31 | 0.12 | −0.14 | 0.61 |
| Current ratio | 2.47 | 2.32 | 1.43 | 2.47 | 2.08 | 2.38 | 2.14 | 1.80 | 1.92 | 1.93 |
| Quick ratio | 1.20 | 1.19 | 0.70 | 1.30 | 1.12 | 1.67 | 1.19 | 0.95 | 1.04 | 0.99 |
| Interest coverage | 9.2 | 13.2 | 14.6 | 21.0 | 25.9 | 52.2 | 66.2 | 44.5 | 100.7 | 102.9 |
| Working capital | $2.02B | $1.85B | $985.5M | $2.16B | $1.53B | $2.08B | $1.26B | $911.2M | $968.3M | $976.7M |
| Invested capital | $10.06B | $10.09B | $10.29B | $9.84B | $9.66B | $6.00B | $5.48B | $5.77B | $4.75B | $5.34B |
| Tangible asset value | $1.34B | $1.35B | $1.05B | $811.4M | $227.0M | $2.74B | $2.41B | $1.68B | −$326.9M | −$120.8M |
| Net current asset value | −$2.07B | −$2.18B | −$2.41B | −$2.13B | −$2.77B | $101.1M | $177.9M | −$487.4M | −$9.7M | $111.3M |
| Graham number | $16.75 | $21.92 | $21.41 | $23.69 | $21.81 | $20.96 | $20.94 | $20.77 | $17.99 | $17.40 |
| Graham net-net per share | −$5.88 | −$5.88 | −$6.37 | −$5.92 | −$6.79 | −$1.19 | −$0.97 | −$2.10 | −$1.21 | −$1.02 |
| Capital allocation | ||||||||||
| Dividends paid | $633.2M | $615.0M | $592.9M | $557.8M | $523.1M | $487.4M | $437.1M | $388.1M | $346.0M | $296.5M |
| Share buybacks (net) | $0 | $0 | $12.3M | $0 | $20.0M | $12.4M | $174.2M | $46.9M | $94.5M | $87.9M |
| Dividend payout ratio | 132.4% | 76.4% | 74.7% | 55.8% | 57.6% | 53.7% | 44.7% | 38.3% | 40.9% | 33.3% |
| Dividends + buybacks / free cash flow | 118.5% | 60.9% | 77.8% | 65.1% | 70.4% | 65.7% | 91.7% | 50.5% | 54.2% | 51.7% |
| Capex / revenue | 2.6% | 2.2% | 2.2% | 2.2% | 2.0% | 3.8% | 2.7% | 4.0% | 2.4% | 2.6% |
| Capex / operating cash flow | 36.8% | 20.2% | 25.8% | 24.5% | 23.0% | 32.6% | 27.8% | 30.6% | 21.0% | 25.1% |
| Capex / depreciation | 1.18 | 0.99 | 1.07 | 1.06 | 1.01 | 1.79 | 1.55 | 2.35 | 1.66 | 1.89 |
| Stock-based compensation / revenue | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% |
| R&D / revenue | 0.3% | — | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.4% | 0.4% |
| SG&A / revenue | 7.8% | 7.5% | 7.5% | 5.8% | 6.3% | 6.6% | 6.3% | 7.2% | 6.8% | 7.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 26.4 | 25.9 | 25.6 | 26.1 | 26.4 | 25.4 | 23.0 | 23.8 | 24.9 | 23.4 |
| Days of inventory on hand | 59.4 | 60.0 | 61.3 | 54.7 | 47.1 | 49.6 | 48.1 | 45.5 | 48.5 | 49.0 |
| Days payables outstanding | 26.2 | 27.8 | 28.7 | 28.5 | 27.7 | 29.0 | 29.0 | 28.3 | 26.3 | 24.2 |
| Cash conversion cycle (days) | 59.5 | 58.2 | 58.3 | 52.2 | 45.8 | 46.1 | 42.1 | 41.0 | 47.1 | 48.2 |
| Receivables turnover | 13.84 | 14.08 | 14.25 | 14.01 | 13.82 | 14.36 | 15.85 | 15.33 | 14.66 | 15.59 |
| Payables turnover | 13.92 | 13.14 | 12.73 | 12.79 | 13.16 | 12.61 | 12.59 | 12.92 | 13.86 | 15.07 |
| Inventory turnover | 6.15 | 6.08 | 5.95 | 6.67 | 7.75 | 7.36 | 7.59 | 8.03 | 7.52 | 7.44 |
| Asset turnover | 0.90 | 0.89 | 0.91 | 0.96 | 1.01 | 1.07 | 1.17 | 1.26 | 1.37 | 1.52 |
| Average receivables | $874.9M | $846.5M | $849.7M | $889.4M | $823.9M | $669.1M | $599.4M | $622.6M | $625.1M | $610.7M |
| Average payables | $733.6M | $753.5M | $794.0M | $805.0M | $719.0M | $617.3M | $604.4M | $585.8M | $517.3M | $488.6M |
| Average inventory | $1.66B | $1.63B | $1.70B | $1.54B | $1.22B | $1.06B | $1.00B | $942.3M | $953.4M | $989.5M |
| Intangibles / total assets | 49.1% | 49.5% | 49.7% | 50.6% | 53.2% | 37.2% | 43.4% | 48.2% | 75.5% | 71.8% |
Computed from HRL's annual financial statements (latest annual report filed December 5, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HRL valuation and financial ratios
At the end of fiscal 2025 (October 31, 2025), Hormel traded at 24.9 times earnings, against a 10-year median of 23.5. Based on the latest twelve months, the trailing P/E is 32.9 and the forward P/E is 12.9. Hormel earned a return on equity of 6.0% and a return on invested capital of 5.1% in fiscal 2025. It ended the year with $2.9 billion of debt and $703.6 million in cash and short-term investments, net debt of $2.2 billion. It returned $633.2 million to shareholders: $633.2 million in dividends and $0 in share buybacks, 118% of free cash flow.
See the HRL income statement, the HRL chart for price history, or the HRL stock overview for the latest quote and news.
HRL key metrics FAQ
What is Hormel's P/E ratio?
Hormel's trailing P/E ratio is 32.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.9. At the end of fiscal 2025 it was 24.9, compared with a 10-year median of 23.5.
What is Hormel's EV/EBITDA?
Hormel's enterprise value was 14.0 times EBITDA at the end of fiscal 2025 (enterprise value $14.0 billion, EBITDA $1.0 billion); the current EV/EBITDA is 14.8.
What is Hormel's return on equity?
Hormel's return on equity (ROE) was 6.0% in fiscal 2025: net income of $478.2 million on average shareholders' equity of $7.9 billion.
What is Hormel's ROIC?
Hormel's return on invested capital was 5.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Hormel have?
Hormel had total debt of $2.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.36 and $2.2 billion of net debt (2.14 times EBITDA).
What is Hormel's dividend yield?
Hormel's forward dividend yield is 5.74%. Hormel paid $633.2 million in dividends in fiscal 2025 ($1.15 per share), a payout ratio of 132.4%.
What is Hormel's free cash flow yield?
Hormel generated $534.3 million of free cash flow in fiscal 2025, a free cash flow yield of 4.5% on its market value at year-end ($11.9 billion).
What is Hormel's current ratio?
Hormel's current ratio was 2.47 at the end of fiscal 2025: current assets were 2.47 times current liabilities.