Hormel Foods
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Hormel Foods's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 2% to $11,920,797,000. The net income raised on $805,038,000 and profit margin reached 7%. Total operating expenses were $959,763,000.
Profit Margin
| 2015 | 9.26B | 686.08M | 7.41% |
|---|---|---|---|
| 2016 | 9.52B | 890.05M | 9.35% |
| 2017 | 9.16B | 846.73M | 9.24% |
| 2018 | 9.54B | 1.01B | 10.6% |
| 2019 | 9.49B | 978.80M | 10.31% |
| 2020 | 9.60B | 908.08M | 9.45% |
| 2021 | 11.38B | 908.83M | 7.98% |
| 2022 | 12.45B | 999.98M | 8.03% |
| 2023 | 12.11B | 793.57M | 6.55% |
| 2024 | 11.92B | 805.03M | 6.75% |
HRL Income Statement (2015 – 2024)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 11.92B | 12.11B | 12.45B | 11.38B | 9.60B | 9.49B | 9.54B | 9.16B | 9.52B | 9.26B |
Cost of revenue | 9.89B | 10.11B | 10.29B | 9.45B | 7.78B | 7.61B | 7.55B | 7.16B | 7.36B | 7.45B |
Gross profit | 2.02B | 1.99B | 2.16B | 1.92B | 1.82B | 1.88B | 1.99B | 2.00B | 2.15B | 1.80B |
Operating exp. | ||||||||||
Research and development | 0 | 33.7M | 34.7M | 33.6M | 31.9M | 32.5M | 33.8M | 34.2M | 34.7M | 32M |
Selling and marketing | 0 | 160.1M | 157.3M | 138.5M | 123.6M | 131.1M | 151.5M | 135.6M | 204.1M | 145.3M |
Total operating expenses | 959.76M | 927.79M | 879.26M | 853.07M | 761.31M | 727.58M | 838.20M | 762.10M | 871.97M | 743.61M |
Operating income | 1.06B | 1.07B | 1.31B | 1.12B | 1.10B | 1.19B | 1.19B | 1.28B | 1.32B | 1.06B |
Other income (expenses), net | -32.49M | -58.57M | -34.50M | 3.57M | 14.52M | 13.45M | 41.69M | 1.90M | 37.69M | -10.17M |
Income before tax | 1.03B | 1.01B | 1.27B | 1.12B | 1.11B | 1.20B | 1.18B | 1.27B | 1.31B | 1.05B |
Income tax expense | 230.80M | 220.55M | 277.87M | 217.02M | 206.39M | 230.56M | 168.70M | 431.54M | 426.69M | 369.87M |
Net income | 805.03M | 793.57M | 999.98M | 908.83M | 908.08M | 978.80M | 1.01B | 846.73M | 890.05M | 686.08M |
Earnings per share | ||||||||||
Basic EPS | 1.47 | 1.45 | 1.84 | 1.68 | 1.69 | 1.83 | 1.91 | 1.6 | 1.68 | 1.3 |
Diluted EPS | 1.47 | 1.45 | 1.82 | 1.66 | 1.66 | 1.8 | 1.86 | 1.57 | 1.64 | 1.27 |
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