Hormel Foods Corporation (HRL)
Net profit margin
| Oct 27, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 805,038 | 793,572 | 999,987 | 908,839 | 908,082 |
| Revenue | US$ in thousands | 11,920,800 | 12,036,600 | 12,389,600 | 11,339,200 | 9,585,600 |
| Net profit margin | 6.75% | 6.59% | 8.07% | 8.02% | 9.47% |
October 27, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $805,038K ÷ $11,920,800K
= 6.75%
Hormel Foods Corporation's net profit margin has experienced some fluctuations over the past five years. From October 25, 2020, to October 27, 2024, the net profit margin ranged from 6.75% to 9.47%. In 2020 and 2021, the company's net profit margin was relatively higher, at 9.47% and 8.02% respectively. However, in 2023 and 2024, the net profit margin decreased slightly to 6.59% and 6.75%, indicating a decrease in profitability during those years.
Overall, the net profit margin of Hormel Foods Corporation has shown a general trend of fluctuation, with the company experiencing varying levels of profitability over the past five years. It would be important for stakeholders to closely monitor the company's performance and profitability metrics to assess its financial health and sustainability in the long term.