HRL Pre-Tax Margin | HORMEL FOODS CORPORATION

HORMEL FOODS CORP /DE/ Pre-Tax Margin

Pre-tax margin is the percentage of revenue left as profit after every expense except income tax. It is income before income tax divided by revenue, and the table shows both amounts beside the percentage. It sits between operating margin and net margin: it includes interest and other non-operating items but not the tax charge, so the gap down to net margin is the tax burden. Quarterly and annual points each use the amounts filed for that same period, so a single quarter can swing with the seasons.

HORMEL FOODS CORP /DE/ pre-tax margin for the quarter ending 2026-07-26 was 3.48%, a 55.33% decline year-over-year.
HORMEL FOODS CORP /DE/ pre-tax margin for the quarter ending 2026-04-26 was 6.93%, a 12.82% decline year-over-year.
HORMEL FOODS CORP /DE/ pre-tax margin for the quarter ending 2026-01-25 was 7.74%, a 6.08% increase year-over-year.
HORMEL FOODS CORP /DE/ pre-tax margin for the quarter ending 2025-10-26 was -0.68%, a 107.61% decline year-over-year.
HORMEL FOODS CORP /DE/ pre-tax margin for fiscal 2025 was 5.48%, a 36.91% decline from fiscal 2024.
HORMEL FOODS CORP /DE/ pre-tax margin for fiscal 2024 was 8.69%, a 3.79% increase from fiscal 2023.
HORMEL FOODS CORP /DE/ pre-tax margin for fiscal 2023 was 8.37%, a 18.42% decline from fiscal 2022.
HORMEL FOODS CORP /DE/ pre-tax margin for fiscal 2022 was 10.26%, a 3.72% increase from fiscal 2021.

Available history: 2009-10-25 to 2026-07-26
Data captured: 2026-07-26

Historical Pre-Tax Margin

Date	Pre-Tax Margin	Pre-tax income	Revenue
2026-07-26	3.48%	$103.16M	$2.96B
2026-04-26	6.93%	$206.06M	$2.97B
2026-01-25	7.74%	$234.31M	$3.03B
2025-10-26	-0.68%	-$21.63M	$3.19B
2025-07-27	7.80%	$236.51M	$3.03B
2025-04-27	7.95%	$230.49M	$2.9B
2025-01-26	7.30%	$218.07M	$2.99B
2024-10-27	8.92%	$280.03M	$3.14B
2024-07-28	7.79%	$225.72M	$2.9B
2024-04-28	8.46%	$244.14M	$2.89B
2024-01-28	9.53%	$285.55M	$3B
2023-10-29	7.69%	$245.81M	$3.2B
2023-07-30	7.01%	$207.63M	$2.96B
2023-04-30	9.36%	$278.84M	$2.98B
2023-01-29	9.46%	$281.2M	$2.97B
2022-10-30	10.89%	$357.5M	$3.28B
2022-07-31	9.55%	$289.84M	$3.03B
2022-05-01	10.39%	$321.87M	$3.1B
2022-01-30	10.15%	$308.9M	$3.04B
2021-10-31	10.20%	$352.23M	$3.45B
2021-07-25	7.13%	$204.24M	$2.86B
2021-04-25	11.23%	$292.62M	$2.61B
2021-01-24	11.26%	$277.08M	$2.46B
2020-10-25	11.52%	$278.73M	$2.42B
2020-07-26	10.89%	$259.36M	$2.38B
2020-04-26	11.83%	$286.49M	$2.42B
2020-01-26	12.17%	$290.16M	$2.38B
2019-10-27	12.94%	$323.69M	$2.5B
2019-07-28	11.39%	$261M	$2.29B
2019-04-28	13.56%	$318.05M	$2.34B
2019-01-27	13.01%	$306.98M	$2.36B
2018-10-28	12.73%	$321.5M	$2.52B
2018-07-29	10.92%	$257.73M	$2.36B
2018-04-29	12.74%	$296.88M	$2.33B
2018-01-28	13.09%	$305.17M	$2.33B
2017-10-29	13.24%	$330.01M	$2.49B
2017-07-30	12.60%	$278.02M	$2.21B
2017-04-30	14.44%	$315.83M	$2.19B
2017-01-29	15.56%	$354.79M	$2.28B
2016-10-30	13.88%	$364.73M	$2.63B
2016-07-24	11.91%	$274.12M	$2.3B
2016-04-24	14.09%	$324.2M	$2.3B
2016-01-24	15.45%	$354.17M	$2.29B
2015-10-25	12.04%	$289.16M	$2.4B
2015-07-26	10.43%	$228.22M	$2.19B
2015-04-26	12.10%	$275.73M	$2.28B
2015-01-25	11.02%	$264.04M	$2.4B
2014-10-26	10.25%	$260.74M	$2.54B
2014-07-27	9.32%	$212.98M	$2.28B
2014-04-27	9.50%	$213.16M	$2.24B
2014-01-26	10.49%	$235.27M	$2.24B
2013-10-27	10.31%	$239.61M	$2.32B
2013-07-28	8.20%	$177.08M	$2.16B
2013-04-28	8.59%	$184.9M	$2.15B
2013-01-27	9.31%	$196.92M	$2.12B
2012-10-28	9.25%	$200.74M	$2.17B
2012-07-29	8.44%	$169.49M	$2.01B
2012-04-29	9.63%	$193.79M	$2.01B
2012-01-29	9.53%	$194.31M	$2.04B
2011-10-30	8.57%	$180.34M	$2.1B
2011-07-31	7.40%	$141.34M	$1.91B
2011-05-01	8.55%	$167.55M	$1.96B
2011-01-30	11.95%	$229.61M	$1.92B
2010-10-31	9.12%	$188.08M	$2.06B
2010-07-25	7.77%	$134.43M	$1.73B

Annual Pre-Tax Margin

Date	Pre-Tax Margin	Pre-tax income	Revenue
2025-10-26	5.48%	$663.45M	$12.11B
2024-10-27	8.69%	$1.04B	$11.92B
2023-10-29	8.37%	$1.01B	$12.11B
2022-10-30	10.26%	$1.28B	$12.46B
2021-10-31	9.89%	$1.13B	$11.39B
2020-10-25	11.60%	$1.11B	$9.61B
2019-10-27	12.74%	$1.21B	$9.5B
2018-10-28	12.38%	$1.18B	$9.55B
2017-10-29	13.95%	$1.28B	$9.17B
2016-10-30	13.83%	$1.32B	$9.52B
2015-10-25	11.41%	$1.06B	$9.26B
2014-10-26	9.90%	$922.15M	$9.32B
2013-10-27	9.12%	$798.51M	$8.75B
2012-10-28	9.21%	$758.34M	$8.23B
2011-10-30	9.10%	$718.84M	$7.9B
2010-10-31	8.65%	$624.55M	$7.22B
2009-10-25	8.08%	$528.15M	$6.53B