Hormel Foods Corporation (HRL)
Net profit margin
| Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Jul 25, 2021 | Apr 25, 2021 | Jan 24, 2021 | Oct 25, 2020 | Jul 26, 2020 | Apr 26, 2020 | Jan 26, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 805,038 | 780,777 | 766,755 | 794,716 | 793,572 | 877,521 | 933,757 | 978,135 | 999,987 | 1,001,841 | 959,843 | 926,127 | 908,839 | 861,457 | 887,659 | 887,492 | 908,081 | 929,228 | 925,558 | 980,253 |
| Revenue (ttm) | US$ in thousands | 11,880,780 | 11,922,100 | 11,968,590 | 12,062,240 | 12,038,800 | 12,123,670 | 12,197,540 | 12,320,120 | 12,393,100 | 12,565,850 | 12,399,020 | 11,915,950 | 11,339,360 | 10,322,430 | 9,846,190 | 9,666,330 | 9,595,680 | 9,677,090 | 9,588,850 | 9,509,010 |
| Net profit margin | 6.78% | 6.55% | 6.41% | 6.59% | 6.59% | 7.24% | 7.66% | 7.94% | 8.07% | 7.97% | 7.74% | 7.77% | 8.01% | 8.35% | 9.02% | 9.18% | 9.46% | 9.60% | 9.65% | 10.31% |
October 27, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $805,038K ÷ $11,880,780K
= 6.78%
Hormel Foods Corporation's net profit margin has shown a consistent trend over the past few years, generally ranging between 6.41% to 10.31%. The company has maintained healthy profitability levels with margins above 6% in all the periods analyzed.
There seems to be some level of stability in the net profit margin, as it has not shown significant fluctuations over the years. The highest net profit margin was observed in the first quarter of 2021 at 10.31%, while the lowest was in the second quarter of 2020 at 6.41%.
Overall, Hormel Foods Corporation's net profit margin indicates a consistent and satisfactory level of profitability, which reflects the company's ability to generate earnings relative to its revenue.