Hormel Foods Corporation

HRLNYSEConsumer Defensive● Active

$23.62

+$0.33(+1.42%)

Market Cap$13.0B

P/E Ratio—

52W High$31.86

52W Low$19.7

Avg Volume5.4M

Open$23.48

Beta0.34

Free Cash Flow Financials Revenue

Hormel Foods Corporation (HRL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

HRL · free cash flow · updated Jun 8, 2026

Core FCF metrics

HRL · FCF · TTM · margin & CAGR

Free cash flow was $534.3M for FY2025 (fiscal year ending 2025-10-26), down 47.1% year-over-year The FCF margin was 4.4%. Five-year CAGR stands at -6.8%.

FY2025 Free Cash Flow$534.3M▼ -47.1% YoY

Trailing 12M (TTM)$692.9Mtrailing 4 quarters sum

FCF Margin4.4%$534.3M ÷ revenue

3-Year CAGR-14.6%FY2022 → FY2025

5-Year CAGR-6.8%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

HRL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$845.3M(311M)$534.3M▼ 47.1%4.4%

FY2024$1.27B(256M)$1.01B▲ +29.9%8.5%

FY2023$1.05B(270M)$777.6M▼ 9.3%6.4%

FY2022$1.13B(278M)$857.3M▲ +11.1%6.9%

FY2021$1.00B(230M)$771.7M▲ +1.5%6.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

HRL · P/FCF · FCF yield · FCF per share

Hormel Foods Corporation (HRL) trades at a FCF yield of 5.33% and a price-to-free-cash-flow ratio of 18.7x. FCF per share stands at $1.26, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.33%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.26

TTM FCF ÷ Shares Outstanding

Price / FCF

x18.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x21.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-10-26

Cash flow statement summary

HRL · cash flow statement · operating / investing / financing

For FY2025, Hormel Foods Corporation generated $845.3M in operating cash flow and spent 311M in capital expenditures, yielding $534.3M in free cash flow.

Operating Activities

+$845.3M

Cash from core business operations

2025-10-26

Investing Activities

−$293.6M

CapEx, acquisitions & investments

2025-10-26

Financing Activities

−$619.0M

Buybacks, dividends & debt

2025-10-26

FCF FormulaOperating CF ($845.3M) − |CapEx| (311M) = FCF ($534.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

HRL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Hormel Foods CorporationYOU

HRL

$534.3M-47.1%4.4%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Hormel Foods Corporation (HRL) reported free cash flow of $534.3M for FY2025 (fiscal year ending 2025-10-26), down 47.1% year-over-year. The FCF margin was 4.4%.

Based on available data, Hormel Foods Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.01B in FY2024. The 5-year CAGR stands at -6.8%.

Hormel Foods Corporation's FCF yield is 5.33% and price-to-FCF ratio is 18.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

HRL free cash flow · 8 questions

Hormel Foods Corporation free cash flow was $534.3M for FY2025, down 47.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $692.9M.

HRL free cash flowHRL FCFHRL FCF 2025HRL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Hormel Foods Corporation · Hormel Foods Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026