HRL (Hormel Foods) Tax Rate %: 23.63% (As of Apr. 2026)

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HRL Hormel Foods Corp HRL
67 GF Score
Price $25.39
GF Value $31.23
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Hormel Foods Tax Rate %?

Hormel Foods HRL -1.24% 67 Tax Rate % is 23.63% as of Apr. 2026. GuruFocus rates HRL with a GF Score™ of 67/100 and a GF Value™ of $31.23 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Hormel Foods's Tax Expense for the three months ended in Apr. 2026 was $49 Mil. Hormel Foods's Pre-Tax Income for the three months ended in Apr. 2026 was $206 Mil. Therefore, Hormel Foods's Tax Rate % for the quarter that ended in Apr. 2026 was 23.63%.

Hormel Foods Tax Rate % Related Terms

Hormel Foods Tax Rate % Historical Data

* Premium members only.

The historical data trend for Hormel Foods's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hormel Foods Tax Rate % Chart

Hormel Foods Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.27 21.74 21.76 22.29 27.99

Hormel Foods Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.02 22.33 -159.88 22.42 23.63
HRL
67GF Score
Hormel Foods Corp HRL
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hormel Foods Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Hormel Foods's Tax Rate % for the fiscal year that ended in Oct. 2025 is calculated as

Tax Rate %=Tax Expense (A: Oct. 2025 )/Pre-Tax Income (A: Oct. 2025 )
=185.684/663.449
=27.99 %

Hormel Foods's Tax Rate % for the quarter that ended in Apr. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Apr. 2026 )/Pre-Tax Income (Q: Apr. 2026 )
=48.685/206.063
=23.63 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 23.63% mean?
Hormel Foods (HRL) has a Tax Rate % of 23.63% as of Apr. 2026.
Is Hormel Foods' Tax Rate % too high?
Hormel Foods' current Tax Rate % is 23.63%. Overall, Hormel Foods has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hormel Foods' Tax Rate % compare to MKC and JBS?
Hormel Foods' Tax Rate % of 23.63% can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Consumer Packaged Goods company?
A good Tax Rate % depends on the Consumer Packaged Goods industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Hormel Foods's current Tax Rate % is 23.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hormel Foods stock overvalued right now?
Based on GuruFocus' analysis, Hormel Foods (HRL) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.23, compared to a current price of $25.39 — trading 18.7% below its estimated fair value. The current Tax Rate % is 23.63%. Hormel Foods' overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Hormel Foods (HRL), the current Tax Rate % is 23.63% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hormel Foods (HRL) Overvalued in 2026?

Based on GuruFocus' analysis, Hormel Foods stock appears to be undervalued. The current stock price of $25.39 is trading 18.7% below its estimated GF Value™ of $31.23. GuruFocus considers Hormel Foods to be Modestly Undervalued.

Key valuation signals for HRL:

  • Tax Rate %: 23.63%
  • GF Value™: $31.23 vs. price of $25.39 (18.7% below fair value)
  • GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the HRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hormel Foods Business Description

Address 1 Hormel Place, Austin, MN, USA, 55912-3680
Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and became a branded food company. The firm sells its wares through multiple channels, including US retail (61.6% of fiscal 2025 sales), US foodservice (32.6%), and international (5.9%). By product, 73% of fiscal 2025 sales were from perishable food and 27% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.
67GF Score

Get the complete analysis for HRL

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$25.39
Price
$31.23
GF Value