Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.52B | $9.17B | $9.55B | $9.50B | $9.61B | $11.4B | $12.5B | $12.1B | $11.9B | $12.1B |
| Revenue growth | — | -3.7% | 4.1% | -0.5% | 1.2% | 18.5% | 9.4% | -2.8% | -1.6% | 1.6% |
| Gross profit | $2.16B | $2.00B | $1.98B | $1.88B | $1.83B | $1.93B | $2.16B | $2.00B | $2.02B | $1.89B |
| Gross margin | 22.7% | 21.8% | 20.7% | 19.8% | 19.0% | 16.9% | 17.4% | 16.5% | 17.0% | 15.6% |
| Operating income | $1.32B | $1.28B | $1.18B | $1.20B | $1.10B | $1.12B | $1.31B | $1.07B | $1.07B | $719M |
| Operating margin | 13.9% | 13.9% | 12.4% | 12.6% | 11.5% | 9.9% | 10.5% | 8.9% | 9.0% | 5.9% |
| Net income | $890M | $847M | $1.01B | $979M | $908M | $909M | $1000M | $794M | $805M | $478M |
| Net margin | 9.3% | 9.2% | 10.6% | 10.3% | 9.5% | 8.0% | 8.0% | 6.6% | 6.8% | 4.0% |
| EPS (diluted) | $1.64 | $1.57 | $1.86 | $1.80 | $1.66 | $1.66 | $1.82 | $1.45 | $1.47 | $0.87 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.04B | $1.03B | $1.24B | $923M | $1.13B | $1.00B | $1.13B | $1.05B | $1.27B | $845M |
| Capital expenditures | $256M | $221M | $390M | $294M | $368M | $232M | $279M | $270M | $256M | $311M |
| Free cash flow | $784M | $813M | $852M | $629M | $761M | $770M | $856M | $778M | $1.01B | $534M |
| Share buybacks | $87.9M | $94.5M | $46.9M | $174M | $12.4M | $20.0M | $0.00 | $12.3M | $0.00 | $0.00 |
| Dividends paid | $296M | $346M | $388M | $437M | $487M | $523M | $558M | $593M | $615M | $633M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $415M | $444M | $459M | $673M | $1.71B | $614M | $982M | $737M | $742M | $671M |
| Total assets | $6.98B | $6.98B | $8.14B | $8.11B | $9.91B | $12.7B | $13.3B | $13.4B | $13.4B | $13.4B |
| Long-term debt | $250M | $250M | $625M | $250M | $1.04B | $3.32B | $3.29B | $2.36B | $2.85B | $2.85B |
| Shareholders' equity | $4.45B | $4.94B | $5.60B | $5.92B | $6.43B | $6.97B | $7.54B | $7.73B | $7.99B | $7.90B |
| Retained earnings | $4.74B | $5.16B | $5.73B | $6.13B | $6.52B | $6.88B | $7.31B | $7.49B | $7.68B | $7.52B |
| Shares (wtd avg diluted) | 542M | 539M | 544M | 545M | 547M | 548M | 550M | 549M | 549M | 550M |
Every figure is extracted from HORMEL FOODS CORP /DE/’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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