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Smithfield Foods vs Hormel Foods: SFD and HRL compared
Smithfield Foods is the larger company: $3.4B of revenue in its latest quarter (Q3 2026) against $3.0B for Hormel Foods (Q3 FY26). Hormel Foods is growing faster (-2% against -8% a year earlier). Hormel Foods is more profitable, with an operating margin of 3.7% against 3.7%.
Where the money goes: SFD and HRL
Smithfield Foods (SFD) · Q3 2026
Smithfield Foods, Q3 2026: revenue $3.4B (-8% year over year), operating margin 3.7%, net earnings $89.0M, operating cash flow $161M. 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.
| Smithfield Foods (SFD) | Hormel Foods (HRL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $3.4B | $3.0B |
| Revenue growth, Y/Y | -8% | -2% |
| Gross margin | 9.1% | 15.9% |
| Operating margin | 3.7% | 3.7% |
| Net earnings | $89.0M | $59.5M |
| Net margin | 2.6% | 2.0% |
| Operating cash flow | $161M | $241M |
| Free cash flow | $45.0M | $172M |
| Market value | $7.7B | $12.1B |
| P/E | 8.6× | 35.4× |
| Analysts’ mean target | $22.79 | $25.31 |
Where the revenue comes from
Smithfield Foods
- Packaged Meats: $2.0B (58%)
- Fresh Pork: $1.1B (32%)
- Hog Production: $197M (6%)
- Other: $151M (4%)
Hormel Foods
- Perishable: $2.2B (74%)
- Shelf-stable: $773M (26%)
Questions
Which is bigger, Smithfield Foods or Hormel Foods?
Smithfield Foods is the larger company: $3.4B of revenue in its latest quarter (Q3 2026) against $3.0B for Hormel Foods (Q3 FY26).
Is Smithfield Foods or Hormel Foods growing faster?
Hormel Foods is growing faster (-2% against -8% a year earlier).
Which is more profitable, Smithfield Foods or Hormel Foods?
Hormel Foods is more profitable, with an operating margin of 3.7% against 3.7%.
More: Smithfield Foods earnings · how Smithfield Foods makes money · Hormel Foods earnings · how Hormel Foods makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Aug 27, 2026). Fiscal quarters can end on different dates. Not investment advice.