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Hormel Foods revenue
Hormel Foods's revenue is $11.9 billion.
What is Hormel Foods's revenue?
- Hormel Foods's revenue growth from 1998 to 2024 is 265.55%.
- Hormel Foods has 20,000 employees, and the revenue per employee ratio is $596,039.
- Hormel Foods's peak quarterly revenue was $3.5B in 2021(q4).
- Hormel Foods peak revenue was $12.5B in 2022.
- Hormel Foods annual revenue for 2023 was 12.1B, -2.8% growth from 2022.
- Hormel Foods annual revenue for 2024 was 11.9B, -1.56% growth from 2023.
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Hormel Foods historical revenue
Hormel Foods's peak revenue was $12.5B in 2022. The peak quarterly revenue was $3.5B in 2021(q4).
Hormel Foods's revenue increased from $3.3b in 1998 to $11.9B currently. That's a 265.55% change in annual revenue.
Hormel Foods annual revenue
Hormel Foods annual revenue over time
| Fiscal year / year | Hormel Foods revenue |
|---|---|
| 2009 | $6.5B |
| 2010 | $7.2B |
| 2011 | $7.9B |
| 2012 | $8.2B |
| 2013 | $8.8B |
| 2014 | $9.3B |
| 2015 | $9.3B |
| 2016 | $9.5B |
| 2017 | $9.2B |
| 2018 | $9.5B |
| 2019 | $9.5B |
| 2020 | $9.6B |
| 2021 | $11.4B |
| 2022 | $12.5B |
| 2023 | $12.1B |
| 2024 | $11.9B |
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Hormel Foods annual growth
Hormel Foods saw the greatest revenue growth in 2021, when revenue increased by 18.5%.
Hormel Foods had the lowest revenue growth in 2017, when revenue changed by -3.74%.
Hormel Foods annual growth rate over time
| Year | Hormel Foods growth |
|---|---|
| 2009 | -3%↓ |
| 2010 | 11%↑ |
| 2011 | 9%↑ |
| 2012 | 4%↑ |
| 2013 | 6%↑ |
| 2014 | 6%↑ |
| 2015 | -1%↓ |
| 2016 | 3%↑ |
| 2017 | -4%↓ |
| 2018 | 4%↑ |
| 2019 | -1%↓ |
| 2020 | 1%↑ |
| 2021 | 19%↑ |
| 2022 | 9%↑ |
| 2023 | -3%↓ |
| 2024 | -2%↓ |
Hormel Foods quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Hormel Foods quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2009 | $1.7B | $1.6B | $1.6B | $1.7B |
| 2010 | $1.7B | $1.7B | $1.7B | $2.1B |
| 2011 | $1.9B | $2.0B | $1.9B | $2.1B |
| 2012 | $2.0B | $2.0B | $2.0B | $2.2B |
| 2013 | $2.1B | $2.2B | $2.2B | $2.3B |
| 2014 | $2.2B | $2.2B | $2.3B | $2.5B |
| 2015 | $2.4B | $2.3B | $2.2B | $2.4B |
| 2016 | $2.3B | $2.3B | $2.3B | $2.6B |
| 2017 | $2.3B | $2.2B | $2.2B | $2.5B |
| 2018 | $2.3B | $2.3B | $2.4B | $2.5B |
| 2019 | $2.4B | $2.3B | $2.3B | $2.5B |
| 2020 | $2.4B | $2.4B | $2.4B | $2.4B |
| 2021 | $2.5B | $2.6B | $2.9B | $3.5B |
| 2022 | $3.0B | $3.1B | $3.0B | $3.3B |
| 2023 | $3.0B | $3.0B | $3.0B | $3.2B |
| 2024 | $3.0B | $2.9B | $2.9B | $3.1B |
| 2025 | $3.0B | - | - | - |
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Hormel Foods financial information
| CEO | James P. Snee |
| Industry | Food, Beverage & Tobacco |
| Company Type | Public |
| Employees Number | 20,000 |
| Date Founded | 1891 |
| Headquarters | Austin, Minnesota |
| Number of Locations | 5 |
| Revenue | $11.9B |
| Net Income | $793,572,000 |
| Gross Proft | $2.0B (2024) |
| PE Ratio | 20.43 |
| Tax Rate | 0.2% |
| Market Capitalization | $16.5B |
| Total Assets | $13,448,772,000 |
| Ticker | HRL |
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Hormel Foods competitors
Hormel Foods's top competitor, Cargill, earned an annual revenue of $114.7B.
Hormel Foods's smallest competitor is Valley Fresh with revenue of $16.0M last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Campbell Soup | $57,016 | $9.6B | 19,000 | 447 |
| Conagra Brands | $46,795 | $12.1B | 16,500 | 462 |
| Valley Fresh | $45,033 | $16.0M | 75 | - |
| General Mills | $51,370 | $19.9B | 35,000 | 174 |
| The Clorox Company | $58,657 | $7.1B | 9,000 | 342 |
| The J.M. Smucker Co. | $64,763 | $8.2B | 7,300 | 151 |
| Jennie-O | $39,038 | $500.0M | 5,000 | - |
| Rochelle Foods LLC | $44,848 | $140.0M | 700 | 1 |
| Kimberly-Clark | $55,890 | $20.1B | 40,000 | 186 |
| Tyson Foods | $39,706 | $53.3B | 139,000 | 579 |
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Zippia gives an in-depth look into the details of Hormel Foods, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Hormel Foods. The employee data is based on information from people who have self-reported their past or current employments at Hormel Foods. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Hormel Foods. The data presented on this page does not represent the view of Hormel Foods and its employees or that of Zippia.
Hormel Foods may also be known as or be related to Hormel Foods and Hormel Foods Corporation.