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Annual · values202520242023202220212020201920182017201620152014
Gross Margin15.63%16.96%16.51%17.37%16.93%19.00%19.84%20.90%21.85%22.66%19.52%16.80%
Operating Margin5.94%8.96%8.85%10.54%9.86%11.45%12.60%12.56%13.97%13.90%11.52%10.32%
EBITDA Margin8.12%11.12%10.94%12.64%11.87%13.59%14.34%14.26%15.40%15.29%12.96%11.72%
Net Margin3.95%6.75%6.55%8.03%7.98%9.45%10.31%10.60%9.24%9.35%7.41%6.47%
Current Ratio2.472.321.432.472.082.382.141.801.921.931.702.23
Quick Ratio1.201.190.701.301.121.671.190.951.040.990.881.13
Debt / Equity0.360.360.430.440.480.200.040.110.050.060.110.07
ROE6.04%10.06%10.25%13.26%13.02%14.12%16.52%18.06%17.14%19.99%17.15%16.69%
ROA3.57%5.99%5.90%7.51%7.16%9.16%12.07%12.43%12.14%13.97%11.17%11.05%
Asset Turnover0.900.890.900.940.900.971.171.171.311.491.511.71
Book Value / Share14.3814.5814.1013.7212.7411.7610.8710.319.168.217.406.68

Hormel Foods Corporation is a global branded food company that develops, processes, and distributes a wide range of food products. Its portfolio spans meat, poultry, plant-based and other protein offerings, as well as nuts and shelf-stable center-of-the-plate items for retail and foodservice customers. Key brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy, many of which hold leading positions in their categories. The company operates through three primary segments: Retail, serving supermarkets and mass merchandisers; Foodservice, supplying restaurants, cafeterias, and other commercial kitchens; and International, reaching customers outside the United States through exports and joint ventures. Hormel Foods Corporation plays a significant role in the consumer staples and packaged foods industry by providing branded, ready-to-eat and value-added products that target both everyday consumption and convenience-oriented demand. Founded in 1891 and headquartered in Austin, Minnesota, the company today is recognized for its broad multi-channel distribution and diversified product mix across refrigerated and shelf-stable foods.