Hormel Foods Corporation (HRL)
Net profit margin
| Oct 31, 2024 | Oct 27, 2024 | Oct 31, 2023 | Oct 29, 2023 | Oct 31, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 805,038 | 805,038 | 793,572 | 793,572 | 999,987 |
| Revenue | US$ in thousands | 11,920,800 | 11,920,800 | 12,110,000 | 12,036,600 | 12,458,800 |
| Net profit margin | 6.75% | 6.75% | 6.55% | 6.59% | 8.03% |
October 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $805,038K ÷ $11,920,800K
= 6.75%
Based on the data provided, Hormel Foods Corporation's net profit margin has shown some fluctuations over the years. The net profit margin decreased from 8.03% as of October 31, 2022, to 6.59% as of October 29, 2023. It further declined slightly to 6.55% by October 31, 2023. However, there was a slight improvement in the net profit margin to 6.75% as of both October 27, 2024, and October 31, 2024.
These changes in the net profit margin indicate the company's ability to generate profits from its revenue after accounting for all expenses. It is essential for investors and stakeholders to monitor these fluctuations to assess the company's financial health and profitability over time.