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Hormel Foods vs Smithfield Foods: revenue, profit, margins and growth compared

Hormel Foods brought in $12.1B of revenue in fiscal 2025, Smithfield Foods $15.5B in fiscal 2025. Revenue changed by +1.6% at Hormel Foods and +9.8% at Smithfield Foods on the year before, so Smithfield Foods grew faster. Hormel Foods kept 4.0% of its revenue as net profit, Smithfield Foods 6.4%. Free cash flow was $534.3M at Hormel Foods and $718M at Smithfield Foods.

Side by side, latest fiscal year

HRLSFD
Fiscal year endedFY2025 (October 26, 2025)FY2025 (December 28, 2025)
Revenue$12.1B$15.5B
Revenue growth+1.6%+9.8%
Net income$478.2M$987M
Net margin4.0%6.4%
Free cash flow$534.3M$718M
Free cash flow margin4.4%4.6%
Earnings per share (diluted)$0.87$2.51
Cash$670.7M$1.5B
Debt$2.9B$2B
Price to earnings22.77.6
Market value$10.8B$7.5B
Dividend yield5.89%5.25%
Rank by revenue in sector#19 of 93 · Consumer staples#17 of 93 · Consumer staples

Over the years

Revenue
HRL FY2018: $9.5BHRL FY2019: $9.5BHRL FY2020: $9.6BHRL FY2021: $11.4BHRL FY2022: $12.5BHRL FY2023: $12.1BHRL FY2024: $11.9BHRL FY2025: $12.1BSFD FY2013: $13.2BSFD FY2014: $13.9BSFD FY2014: $15BSFD FY2015: $14.4BSFD FY2022: $16.2BSFD FY2024: $14.6BSFD FY2024: $14.1BSFD FY2025: $15.5BFY13FY14FY15FY18FY19FY20FY21FY22FY23FY24FY25
HRL $12.1BSFD $15.5B
Net income
HRL FY2018: $1BHRL FY2019: $978.8MHRL FY2020: $908.1MHRL FY2021: $908.8MHRL FY2022: $1BHRL FY2023: $793.6MHRL FY2024: $805MHRL FY2025: $478.2MSFD FY2013: $183.8MSFD FY2014: $120.7MSFD FY2014: $556.1MSFD FY2015: $452.3MSFD FY2022: $870MSFD FY2024: $17MSFD FY2024: $953MSFD FY2025: $987MFY13FY14FY15FY18FY19FY20FY21FY22FY23FY24FY25
HRL $478.2MSFD $987M
Net margin
HRL FY2018: 10.6%HRL FY2019: 10.3%HRL FY2020: 9.5%HRL FY2021: 8.0%HRL FY2022: 8.0%HRL FY2023: 6.6%HRL FY2024: 6.8%HRL FY2025: 4.0%SFD FY2013: 1.4%SFD FY2014: 0.9%SFD FY2014: 3.7%SFD FY2015: 3.1%SFD FY2022: 5.4%SFD FY2024: 0.1%SFD FY2024: 6.7%SFD FY2025: 6.4%FY13FY14FY15FY18FY19FY20FY21FY22FY23FY24FY25
HRL 4.0%SFD 6.4%
Revenue growth
HRL FY2019: -0.5%HRL FY2020: +1.2%HRL FY2021: +18.5%HRL FY2022: +9.4%HRL FY2023: -2.8%HRL FY2024: -1.6%HRL FY2025: +1.6%SFD FY2014: +5.1%SFD FY2014: +8.2%SFD FY2015: -3.9%SFD FY2024: -9.6%SFD FY2024: -3.4%SFD FY2025: +9.8%FY14FY15FY19FY20FY21FY22FY23FY24FY25
HRL +1.6%SFD +9.8%
Free cash flow
HRL FY2018: $852.1MHRL FY2019: $629.2MHRL FY2020: $760.5MHRL FY2021: $769.5MHRL FY2022: $856.1MHRL FY2023: $777.6MHRL FY2024: $1BHRL FY2025: $534.3MSFD FY2013: -$105.3MSFD FY2022: $183MSFD FY2024: $335MSFD FY2024: $566MSFD FY2025: $718MFY13FY18FY19FY20FY21FY22FY23FY24FY25
HRL $534.3MSFD $718M

Fiscal years as each company reports them; the two may end in different months.

Questions about Hormel Foods and Smithfield Foods

Which is bigger by revenue, Hormel Foods or Smithfield Foods?

Smithfield Foods is bigger by revenue: $15.5B in fiscal 2025, against $12.1B for Hormel Foods in fiscal 2025.

Which keeps more of its revenue as profit, Hormel Foods or Smithfield Foods?

Hormel Foods had a net margin of 4.0% in fiscal 2025; Smithfield Foods had 6.4% in fiscal 2025.

Which grew revenue faster, Hormel Foods or Smithfield Foods?

In their latest fiscal years revenue changed by +1.6% at Hormel Foods and +9.8% at Smithfield Foods.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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