HRL: Hormel Foods Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Hormel Foods Corp (HRL).
$17.03B Market Cap.
HRL Market Cap. (MRY)
HRL Shares Outstanding (MRY)
HRL Assets (MRY)
Total Assets
$13.43B
Total Liabilities
$5.43B
Total Investments
$744.22M
HRL Income (MRY)
Revenue
$11.92B
Net Income
$805.04M
Operating Expense
$1.01B
HRL Cash Flow (MRY)
CF Operations
$1.27B
CF Investing
-$236.91M
CF Financing
-$1.03B
HRL Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $13,434,729,000 (-0.10%) | $13,448,772,000 (1.07%) | $13,306,919,000 (4.81%) | $12,696,329,000 (28.14%) |
Assets Current | $3,246,476,000 (-1.54%) | $3,297,249,000 (-9.34%) | $3,637,125,000 (23.38%) | $2,947,816,000 (-17.64%) |
Assets Non-Current | $10,188,253,000 (0.36%) | $10,151,523,000 (4.98%) | $9,669,794,000 (-0.81%) | $9,748,513,000 (54.02%) |
Goodwill & Intangible Assets | $6,656,192,000 (-0.44%) | $6,685,635,000 (-0.64%) | $6,728,856,000 (-0.33%) | $6,751,375,000 (83.01%) |
Shareholders Equity | $7,993,420,000 (3.34%) | $7,734,885,000 (2.65%) | $7,535,284,000 (8.07%) | $6,972,883,000 (8.52%) |
Property Plant & Equipment Net | $2,194,728,000 (1.33%) | $2,165,818,000 (1.15%) | $2,141,146,000 (1.52%) | $2,109,117,000 (11.11%) |
Cash & Equivalents | $741,881,000 (0.73%) | $736,532,000 (-25.00%) | $982,107,000 (60.07%) | $613,530,000 (-64.21%) |
Accumulated Other Comprehensive Income | -$263,331,000 (3.28%) | -$272,252,000 (-6.53%) | -$255,561,000 (7.83%) | -$277,269,000 (29.85%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $744,223,000 (0.33%) | $741,785,000 (158.28%) | $287,207,000 (-10.30%) | $320,181,000 (-1.70%) |
Investments Current | $24,742,000 (48.48%) | $16,664,000 (3.19%) | $16,149,000 (-23.69%) | $21,162,000 (22.06%) |
Investments Non-Current | $719,481,000 (-0.78%) | $725,121,000 (167.52%) | $271,058,000 (-9.35%) | $299,019,000 (-3.03%) |
Inventory | $1,576,300,000 (-6.20%) | $1,680,406,000 (-2.08%) | $1,716,059,000 (25.33%) | $1,369,198,000 (27.63%) |
Trade & Non-Trade Receivables | $817,908,000 (0.06%) | $817,391,000 (-5.79%) | $867,593,000 (-3.14%) | $895,719,000 (27.52%) |
Trade & Non-Trade Payables | $911,545,000 (-3.39%) | $943,575,000 (-3.77%) | $980,567,000 (3.42%) | $948,113,000 (21.98%) |
Accumulated Retained Earnings (Deficit) | $7,677,537,000 (2.46%) | $7,492,952,000 (2.46%) | $7,313,374,000 (6.27%) | $6,881,870,000 (5.50%) |
Tax Assets | $50,380,000 (595.66%) | $7,242,000 (0.91%) | $7,177,000 (-13.46%) | $8,293,000 (-79.99%) |
Tax Liabilities | $611,282,000 (19.08%) | $513,318,000 (1.02%) | $508,137,000 (68.42%) | $301,703,000 (25.05%) |
Total Debt | $2,858,757,000 (-13.61%) | $3,309,248,000 (0.30%) | $3,299,345,000 (-0.74%) | $3,323,903,000 (154.97%) |
Debt Current | $7,813,000 (-99.18%) | $950,529,000 (10706.38%) | $8,796,000 (0.46%) | $8,756,000 (-96.62%) |
Debt Non-Current | $2,850,944,000 (20.87%) | $2,358,719,000 (-28.32%) | $3,290,549,000 (-0.74%) | $3,315,147,000 (217.26%) |
Total Liabilities | $5,430,718,000 (-4.89%) | $5,709,787,000 (-0.99%) | $5,766,700,000 (0.85%) | $5,717,969,000 (64.41%) |
Liabilities Current | $1,399,299,000 (-39.47%) | $2,311,776,000 (56.92%) | $1,473,266,000 (4.07%) | $1,415,654,000 (-5.87%) |
Liabilities Non-Current | $4,031,419,000 (18.64%) | $3,398,011,000 (-20.86%) | $4,293,434,000 (-0.21%) | $4,302,315,000 (117.95%) |
HRL Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $11,920,797,000 (-1.56%) | $12,110,010,000 (-2.80%) | $12,458,806,000 (9.42%) | $11,386,189,000 (18.50%) |
Cost of Revenue | $9,898,659,000 (-2.09%) | $10,110,169,000 (-1.79%) | $10,294,120,000 (8.84%) | $9,458,283,000 (21.53%) |
Selling General & Administrative Expense | $1,005,294,000 (6.70%) | $942,167,000 (7.15%) | $879,265,000 (3.07%) | $853,071,000 (12.05%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $1,005,294,000 (3.58%) | $970,550,000 (10.38%) | $879,265,000 (3.07%) | $853,071,000 (12.05%) |
Interest Expense | $80,894,000 (10.21%) | $73,402,000 (17.42%) | $62,515,000 (44.35%) | $43,307,000 (105.55%) |
Income Tax Expense | $230,803,000 (4.65%) | $220,552,000 (-20.63%) | $277,877,000 (28.04%) | $217,029,000 (5.15%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $804,631,000 (1.48%) | $792,920,000 (-20.73%) | $1,000,226,000 (10.02%) | $909,140,000 (0.09%) |
Net Income to Non-Controlling Interests | -$407,000 (37.67%) | -$653,000 (-373.22%) | $239,000 (-20.60%) | $301,000 (10.66%) |
Net Income | $805,038,000 (1.44%) | $793,572,000 (-20.64%) | $999,987,000 (10.03%) | $908,839,000 (0.08%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $805,038,000 (1.44%) | $793,572,000 (-20.64%) | $999,987,000 (10.03%) | $908,839,000 (0.08%) |
Weighted Average Shares | $548,129,000 (0.31%) | $546,421,000 (0.28%) | $544,918,000 (0.70%) | $541,114,000 (0.58%) |
Weighted Average Shares Diluted | $548,832,000 (-0.03%) | $548,982,000 (-0.11%) | $549,566,000 (0.36%) | $547,580,000 (0.18%) |
Earning Before Interest & Taxes (EBIT) | $1,116,735,000 (2.69%) | $1,087,526,000 (-18.86%) | $1,340,379,000 (14.64%) | $1,169,175,000 (2.96%) |
Gross Profit | $2,022,138,000 (1.11%) | $1,999,841,000 (-7.62%) | $2,164,686,000 (12.28%) | $1,927,906,000 (5.58%) |
Operating Income | $1,016,844,000 (-1.21%) | $1,029,291,000 (-19.93%) | $1,285,421,000 (19.59%) | $1,074,835,000 (0.96%) |
HRL Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$236,907,000 (65.64%) | -$689,544,000 (-167.23%) | -$258,037,000 (92.88%) | -$3,625,839,000 (-452.45%) |
Net Cash Flow from Financing | -$1,030,096,000 (-71.66%) | -$600,064,000 (-23.30%) | -$486,684,000 (-132.01%) | $1,520,520,000 (168.56%) |
Net Cash Flow from Operations | $1,266,738,000 (20.89%) | $1,047,847,000 (-7.68%) | $1,134,977,000 (13.28%) | $1,001,934,000 (-11.18%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $5,349,000 (102.18%) | -$245,575,000 (-166.63%) | $368,577,000 (133.48%) | -$1,100,778,000 (-205.70%) |
Net Cash Flow - Business Acquisitions and Disposals | $17,036,000 (103.98%) | -$427,709,000 (-17891.56%) | $2,404,000 (100.07%) | -$3,396,589,000 (-1063.56%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$6,088,000 (-14395.24%) | -$42,000 (-101.68%) | $2,493,000 (157.13%) | -$4,364,000 (-68.56%) |
Capital Expenditure | -$255,967,000 (3.37%) | -$264,889,000 (4.61%) | -$277,694,000 (-20.63%) | -$230,200,000 (37.03%) |
Issuance (Repayment) of Debt Securities | -$462,357,000 (-6652.69%) | -$6,847,000 (21.05%) | -$8,673,000 (-100.43%) | $2,017,675,000 (105.05%) |
Issuance (Purchase) of Equity Shares | $40,713,000 (14385.26%) | -$285,000 (-100.36%) | $79,827,000 (207.49%) | $25,961,000 (-62.62%) |
Payment of Dividends & Other Cash Distributions | -$614,960,000 (-3.72%) | -$592,932,000 (-6.29%) | -$557,839,000 (-6.64%) | -$523,114,000 (-7.33%) |
Effect of Exchange Rate Changes on Cash | $5,614,000 (247.19%) | -$3,814,000 (82.41%) | -$21,679,000 (-931.89%) | $2,606,000 (-26.09%) |
Share Based Compensation | $23,233,000 (-3.51%) | $24,077,000 (-3.47%) | $24,943,000 (0.80%) | $24,744,000 (10.18%) |
Depreciation Amortization & Accretion | $295,346,000 (4.59%) | $282,383,000 (10.08%) | $256,518,000 (13.50%) | $226,008,000 (9.83%) |
HRL Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 17.00% (3.03%) | 16.50% (-5.17%) | 17.40% (2.96%) | 16.90% (-11.05%) |
Profit Margin | 6.80% (3.03%) | 6.60% (-17.50%) | 8.00% (0.00%) | 8.00% (-15.79%) |
EBITDA Margin | 11.80% (4.42%) | 11.30% (-11.72%) | 12.80% (4.07%) | 12.30% (-12.14%) |
Return on Average Equity (ROAE) | 10.20% (-0.97%) | 10.30% (-24.26%) | 13.60% (0.74%) | 13.50% (-7.53%) |
Return on Average Assets (ROAA) | 5.90% (0.00%) | 5.90% (-22.37%) | 7.60% (-6.17%) | 8.10% (-19.00%) |
Return on Sales (ROS) | 9.40% (4.44%) | 9.00% (-16.67%) | 10.80% (4.85%) | 10.30% (-12.71%) |
Return on Invested Capital (ROIC) | 15.20% (4.83%) | 14.50% (-20.77%) | 18.30% (-7.58%) | 19.80% (-35.50%) |
Dividend Yield | 3.60% (2.86%) | 3.50% (59.09%) | 2.20% (-4.35%) | 2.30% (21.05%) |
Price to Earnings Ratio (P/E) | 21.13 (-2.40%) | 21.65 (-15.18%) | 25.52 (1.32%) | 25.19 (-14.19%) |
Price to Sales Ratio (P/S) | 1.43 (0.85%) | 1.42 (-31.06%) | 2.05 (2.14%) | 2.01 (-27.61%) |
Price to Book Ratio (P/B) | 2.13 (-3.92%) | 2.22 (-34.84%) | 3.4 (3.37%) | 3.29 (-20.96%) |
Debt to Equity Ratio (D/E) | 0.68 (-7.99%) | 0.74 (-3.53%) | 0.77 (-6.71%) | 0.82 (51.57%) |
Earnings Per Share (EPS) | 1.47 (1.38%) | 1.45 (-21.20%) | 1.84 (9.52%) | 1.68 (-0.59%) |
Sales Per Share (SPS) | 21.75 (-1.87%) | 22.16 (-3.07%) | 22.86 (8.66%) | 21.04 (17.82%) |
Free Cash Flow Per Share (FCFPS) | 1.84 (28.68%) | 1.43 (-8.90%) | 1.57 (10.31%) | 1.43 (0.64%) |
Book Value Per Share (BVPS) | 14.58 (3.02%) | 14.16 (2.37%) | 13.83 (7.31%) | 12.89 (7.90%) |
Tangible Assets Book Value Per Share (TABVPS) | 12.37 (-0.08%) | 12.38 (2.53%) | 12.07 (9.88%) | 10.99 (-4.96%) |
Enterprise Value Over EBIT (EV/EBIT) | 17 (-5.56%) | 18 (-14.29%) | 21 (-4.55%) | 22 (-4.35%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 13.71 (-5.14%) | 14.45 (-17.90%) | 17.6 (-5.55%) | 18.63 (-5.14%) |
Asset Turnover | 0.88 (-2.87%) | 0.91 (-4.73%) | 0.95 (-6.31%) | 1.01 (-4.43%) |
Current Ratio | 2.32 (62.69%) | 1.43 (-42.24%) | 2.47 (18.59%) | 2.08 (-12.52%) |
Dividends | $1.13 (2.73%) | $1.1 (5.77%) | $1.04 (6.12%) | $0.98 (5.38%) |
Free Cash Flow (FCF) | $1,010,771,000 (29.10%) | $782,958,000 (-8.67%) | $857,283,000 (11.09%) | $771,734,000 (1.22%) |
Enterprise Value (EV) | $19,354,551,006 (-2.21%) | $19,792,280,016 (-29.57%) | $28,102,189,484 (8.11%) | $25,994,637,273 (-1.33%) |
Earnings Before Tax (EBT) | $1,035,841,000 (2.14%) | $1,014,124,000 (-20.64%) | $1,277,864,000 (13.50%) | $1,125,868,000 (1.02%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $1,412,081,000 (3.08%) | $1,369,909,000 (-14.21%) | $1,596,897,000 (14.46%) | $1,395,183,000 (4.02%) |
Invested Capital | $7,496,114,000 (6.72%) | $7,024,077,000 (-5.36%) | $7,422,035,000 (2.52%) | $7,239,673,000 (68.18%) |
Working Capital | $1,847,177,000 (87.44%) | $985,473,000 (-54.46%) | $2,163,859,000 (41.23%) | $1,532,162,000 (-26.16%) |
Tangible Asset Value | $6,778,537,000 (0.23%) | $6,763,137,000 (2.81%) | $6,578,063,000 (10.65%) | $5,944,954,000 (-4.41%) |
Market Capitalization | $17,032,174,006 (-0.71%) | $17,154,043,016 (-33.12%) | $25,649,439,484 (11.71%) | $22,961,006,273 (-14.23%) |
Average Equity | $7,897,660,000 (2.74%) | $7,687,140,250 (4.81%) | $7,334,237,750 (8.61%) | $6,753,092,750 (8.28%) |
Average Assets | $13,549,216,500 (1.35%) | $13,368,580,250 (2.06%) | $13,099,152,250 (16.76%) | $11,218,861,750 (23.99%) |
Invested Capital Average | $7,336,811,000 (-1.98%) | $7,484,918,750 (2.01%) | $7,337,346,250 (24.47%) | $5,894,950,750 (59.59%) |
Shares | 548,363,619 (0.34%) | 546,481,141 (0.05%) | 546,197,604 (0.67%) | 542,556,859 (0.55%) |
