Hormel Foods is a Fortune 500, multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring quality, value-added brands to the global marketplace. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value.

Austin, US
Size (employees)
20,200 (est)+4%
Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, US
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Key People/Management at Hormel Foods Corporation

James P. Snee

James P. Snee

President & Chief Executive Officer

Hormel Foods Corporation Office Locations

Hormel Foods Corporation has an office in Austin
Austin, US (HQ)
1 Hormel Pl
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Hormel Foods Corporation Financials and Metrics

Hormel Foods Corporation Financials

Hormel Foods Corporation's revenue was reported to be $9.17 b in FY, 2017

Revenue (FY, 2017)

9.2 b

Gross profit (FY, 2017)

2 b

Gross profit margin (FY, 2017), %


Net income (FY, 2017)

847.1 m

EBIT (FY, 2017)

1.3 b

Market capitalization (5-Mar-2018)

18.2 b

Cash (0-Mar-2018)

444.1 m
Hormel Foods Corporation's current market capitalization is $18.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017


8.8 b9.3 b9.3 b9.5 b9.2 b

Revenue growth, %


Cost of goods sold

7.3 b7.5 b7.4 b7.2 b

Gross profit

1.4 b1.8 b2.2 b2 b
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


2.2 b2.2 b2.2 b2.3 b2.3 b2.3 b2.3 b2.2 b2.2 b

Cost of goods sold

1.8 b1.9 b1.8 b1.7 b1.8 b1.8 b1.7 b1.7 b1.8 b

Gross profit

398.6 m378.8 m409.4 m558 m526.4 m475.3 m552.3 m486.9 m452.4 m

Gross profit Margin, %

USDFY, 2015FY, 2016FY, 2017


347.2 m415.1 m444.1 m

Accounts Receivable

605.7 m591.3 m618.4 m


993.3 m985.7 m921 m

Current Assets

2.1 b2 b2 b
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


349.2 m375.2 m379.9 m379.6 m609.8 m548.9 m633.3 m

Accounts Receivable

549.1 m554.7 m548.5 m564.9 m530.9 m525.3 m549 m


984.5 m994.8 m1 b1 b958.1 m988.4 m1 b

Current Assets

2 b1.9 b2 b2 b2.1 b2.1 b2.2 b
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

530.1 m687.3 m890.5 m847.1 m

Depreciation and Amortization

132 m122.6 m


968 m1.1 b

Accounts Payable

387.3 m484 m
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

499.8 m235.2 m450.6 m646.3 m235.3 m446.2 m628.7 m

Depreciation and Amortization

99 m31.8 m63.9 m96.5 m31.3 m63.3 m96.1 m


924.5 m1.1 b1.1 b1 b963.5 m(47.8 m)(72.6 m)

Accounts Payable

354.8 m339.4 m358 m407.4 m385.9 m
USDY, 2017


452.3 k
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Hormel Foods Corporation Operating Metrics

FY, 2014FY, 2015FY, 2016Jun, 2017


37 35 28 30

Patents (US)

53 46 46

Patents (foreign)

17 17 19

SKUs Offered

10 k
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Hormel Foods Corporation Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Columbus Manufacturing October 31, 2017$850 m
Ceratti August 24, 2017$104 m
Fontanini Italian Meats and Sausages August 17, 2017$425 m
Justin’s May 18, 2016$286 m
Applegate July 13, 2015$775 m
CytoSport July 01, 2014$450 m
SKIPPY January 03, 2013$700 m
Shedd’s Country Crock Business - Unilever February 04, 2010
Boca Grande Foods, Inc. June 12, 2008$23.30 m
Burke Corporation August 22, 2007$110 m
Provena Foods Inc. December 17, 2006$18 m
Saag’s Products November 26, 2006
Valley Fresh April 02, 2006$78 m
Mark Lynn Foods, Inc. April 03, 2005$42.50 m
Lloyd’s Barbeque March 20, 2005
Arriba Foods, Inc. January 30, 2005$47 m
Farmer John December 30, 2004$186 m
Century Foods International July 30, 2003$115 m
Diamond Crystal Brands April 29, 2001$65 m
Jennie-O Turkey Store January 22, 2001$344.40 m
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