Hormel Foods Corporation (HRL)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,067,931 | 1,043,488 | 1,023,554 | 1,067,032 | 1,072,046 | 1,169,173 | 1,243,454 | 1,282,384 | 1,312,607 | 1,303,125 | 1,219,569 | 1,174,256 | 1,122,599 | 1,041,614 | 1,083,706 | 1,087,751 | 1,100,221 | 1,144,520 | 1,151,601 | 1,170,505 |
| 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 |
| Operating profit margin | 8.99% | 8.75% | 8.55% | 8.85% | 8.90% | 9.64% | 10.19% | 10.41% | 10.59% | 10.37% | 9.84% | 9.85% | 9.90% | 10.09% | 11.01% | 11.25% | 11.47% | 11.83% | 12.01% | 12.31% |
October 27, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,067,931K ÷ $11,880,780K
= 8.99%
The operating profit margin of Hormel Foods Corporation has exhibited some fluctuations over the past two years. From January 2020 to October 2024, the operating profit margin has ranged from a low of 8.55% in April 2024 to a high of 12.31% in January 2020.
Overall, the trend shows a gradual decline in the operating profit margin from a peak of 12.31% in January 2020 to 8.99% in October 2024. This indicates that the company's profitability from its core operations has slightly decreased over this period.
It is important for investors and stakeholders to closely monitor these margins to assess the company's operational efficiency and profitability, as any sustained decline may raise concerns about the company's ability to generate profits from its primary business activities.