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JBS N.V. vs Hormel Foods: JBS and HRL compared
JBS N.V. is the larger company: $23.9B of revenue in its latest quarter (Q2 2026) against $3.0B for Hormel Foods (Q3 FY26). JBS N.V. is growing faster (+14% against -2% a year earlier). Hormel Foods is more profitable, with an operating margin of 3.7% against 2.5%.
Where the money goes: JBS and HRL
JBS N.V. (JBS) · Q2 2026
JBS N.V., Q2 2026: revenue $23.9B (+14% year over year), operating margin 2.5%, net loss $96.2M. The chart follows the revenue to costs, profit and cash.
Hormel Foods (HRL) · Q3 FY26
Hormel Foods, Q3 FY26: revenue $3.0B (-2% year over year), operating margin 3.7%, net earnings $59.5M, operating cash flow $241M. The chart follows the revenue to costs, profit and cash.
| JBS N.V. (JBS) | Hormel Foods (HRL) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 FY26 |
| Revenue | $23.9B | $3.0B |
| Revenue growth, Y/Y | +14% | -2% |
| Gross margin | — | 15.9% |
| Operating margin | 2.5% | 3.7% |
| Net earnings | −$96.2M | $59.5M |
| Net margin | -0.4% | 2.0% |
| Operating cash flow | — | $241M |
| Free cash flow | — | $172M |
| Market value | $13.9B | $12.1B |
| P/E | 6.2× | 35.4× |
| Analysts’ mean target | $17.16 | $25.31 |
Where the revenue comes from
Hormel Foods
- Perishable: $2.2B (74%)
- Shelf-stable: $773M (26%)
Questions
Which is bigger, JBS N.V. or Hormel Foods?
JBS N.V. is the larger company: $23.9B of revenue in its latest quarter (Q2 2026) against $3.0B for Hormel Foods (Q3 FY26).
Is JBS N.V. or Hormel Foods growing faster?
JBS N.V. is growing faster (+14% against -2% a year earlier).
Which is more profitable, JBS N.V. or Hormel Foods?
Hormel Foods is more profitable, with an operating margin of 3.7% against 2.5%.
More: JBS N.V. earnings · how JBS N.V. makes money · Hormel Foods earnings · how Hormel Foods makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Aug 27, 2026). Fiscal quarters can end on different dates. Not investment advice.