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Year on year Hormel Foods Corp 's net income fell -20.64% from 999.99m to 793.57m despite relatively flat revenues. A contributing factor has been an increase in the percentage of sales devoted to the cost of goods sold from 82.63% to 83.49%.
Gross margin | 16.82% |
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Net profit margin | 6.51% |
Operating margin | 8.71% |
Return on assets | 5.88% |
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Return on equity | 10.02% |
Return on investment | 6.81% |
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Cash flow in USDView more
In 2023, cash reserves at Hormel Foods Corp fell by 245.58m. However, the company earned 1.05bn from its operations for a Cash Flow Margin of 8.65%. In addition the company used 689.54m on investing activities and also paid 600.06m in financing cash flows.
Cash flow per share | 1.84 |
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Price/Cash flow per share | 16.49 |
Book value per share | 14.35 |
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Tangible book value per share | 2.19 |
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Balance sheet in USDView more
Current ratio | 2.29 |
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Quick ratio | 1.03 |
Total debt/total equity | 0.3635 |
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Total debt/total capital | 0.2664 |
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Growth rates in USD
Year on year, growth in dividends per share increased 5.85% while earnings per share excluding extraordinary items fell by -20.56%. The positive trend in dividend payments is noteworthy since only some companies in the Food Processing industry pay a dividend. Additionally when measured on a five year annualized basis, both dividend per share and earnings per share growth ranked in-line with the industry average relative to its peers.
Div yield(5 year avg) | 2.28% |
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Div growth rate (5 year) | 8.17% |
Payout ratio (TTM) | 78.86% |
EPS growth(5 years) | -3.50 |
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EPS (TTM) vs TTM 1 year ago | -10.85 |
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