Filing Flows › Hormel Foods (HRL) › How it makes money
How Hormel Foods (HRL) makes money
Hormel Foods (HRL) made $3.0B of revenue in the third quarter fiscal 2026 (Q3 FY26), -2% from a year earlier. Perishable brought in $2.2B (74%); Shelf-stable brought in $773M (26%). Of every dollar of revenue, 16¢ was left as gross profit, 4¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Perishable | $2.2B | 73.9% | -1% | -2% |
| Shelf-stable | $773M | 26.1% | +2% | -5% |
Where each dollar of revenue goes
| Line | Q3 FY26 | % of revenue |
|---|---|---|
| Revenue | $3.0B | 100.0% |
| Cost of revenue | $2.5B | 84.1% |
| Gross profit | $472M | 15.9% |
| Operating expenses | $361M | 12.2% |
| Operating profit | $111M | 3.7% |
| Income tax | $43.6M | 1.5% |
| Net earnings | $59.5M | 2.0% |
| Operating cash flow | $241M | 8.1% |
| Free cash flow | $172M | 5.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY26 | $3.0B | -2% |
| Q2 FY26 | $3.0B | +2% |
| Q1 FY26 | $3.0B | +1% |
| Q4 FY25 | $3.2B | +2% |
| Q3 FY25 | $3.0B | +5% |
| Q2 FY25 | $2.9B | +0.4% |
| Q4 FY24 | $3.1B | -2% |
From Hormel Foods' 10-Q filed Aug 27, 2026 (on EDGAR).
Questions
How does Hormel Foods make money?
Hormel Foods (HRL) made $3.0B of revenue in the third quarter fiscal 2026 (Q3 FY26), -2% from a year earlier. Perishable brought in $2.2B (74%); Shelf-stable brought in $773M (26%). Of every dollar of revenue, 16¢ was left as gross profit, 4¢ was left as operating profit, 2¢ was left as net earnings.
What is Hormel Foods' biggest business?
Perishable: $2.2B in the third quarter fiscal 2026, 74% of revenue, -2% from a year earlier.
What is Hormel Foods' profit margin?
Net earnings were $59.5M, 2.0% of revenue, in the third quarter fiscal 2026; the operating margin was 3.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.