Hormel Foods Corporation (HRL)
Net profit margin
| 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 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 978,806 | 984,709 | 995,503 |
| Revenue (ttm) | US$ in thousands | 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 | 9,481,890 | 9,505,080 | 9,568,300 |
| Net profit margin | 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% | 10.32% | 10.36% | 10.40% |
January 28, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $794,716K ÷ $12,062,240K
= 6.59%
The net profit margin of Hormel Foods Corp. has exhibited stability over the past eight quarters, ranging from 6.55% to 8.03%. The highest net profit margin was recorded in Q4 2022 at 8.03%, followed closely by Q1 2023 at 7.90%. The lowest net profit margin was observed in Q1 2024 and Q4 2023 at 6.55%. Overall, the company has maintained a healthy level of profitability, with margins consistently above 6.5%. It is important to monitor trends in net profit margin over time to assess the company's efficiency in generating profits relative to its revenue.