Hormel Foods Corporation
HRLFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
10/31/2024
Revenue
11,921
Cost of Revenue
9,899
Gross Profit
2,022
Gross Margin
17.0%
Operating Income
1,068
Operating Margin
9.0%
Net Income
805
Net Margin
6.8%
EPS (Basic)
$1.47
EPS (Diluted)
$1.47
EBITDA
1,374
EBITDA Margin
11.5%
2023
10/31/2023
Revenue
12,110
Cost of Revenue
10,110
Gross Profit
2,000
Gross Margin
16.5%
Operating Income
1,072
Operating Margin
8.9%
Net Income
794
Net Margin
6.6%
EPS (Basic)
$1.45
EPS (Diluted)
$1.45
EBITDA
1,340
EBITDA Margin
11.1%
2022
10/31/2022
Revenue
12,459
Cost of Revenue
10,294
Gross Profit
2,165
Gross Margin
17.4%
Operating Income
1,313
Operating Margin
10.5%
Net Income
1,000
Net Margin
8.0%
EPS (Basic)
$1.84
EPS (Diluted)
$1.82
EBITDA
1,577
EBITDA Margin
12.7%
2021
10/31/2021
Revenue
11,386
Cost of Revenue
9,458
Gross Profit
1,928
Gross Margin
16.9%
Operating Income
1,123
Operating Margin
9.9%
Net Income
909
Net Margin
8.0%
EPS (Basic)
$1.68
EPS (Diluted)
$1.66
EBITDA
1,379
EBITDA Margin
12.1%
2020
10/31/2020
Revenue
9,608
Cost of Revenue
7,782
Gross Profit
1,826
Gross Margin
19.0%
Operating Income
1,100
Operating Margin
11.5%
Net Income
908
Net Margin
9.5%
EPS (Basic)
$1.69
EPS (Diluted)
$1.66
EBITDA
1,342
EBITDA Margin
14.0%