Campbell's vs Hormel Foods
Hormel Foods reported revenue of $12.1 billion in fiscal 2025, 1.2 times Campbell's $9.7 billion in fiscal 2026. Campbell's revenue fell 5.0% in its latest year, and Hormel Foods' grew 1.6%. Campbell's had an operating margin of 8.7%, against 5.9% at Hormel Foods. Free cash flow was $678 million at Campbell's and $534 million at Hormel Foods. Their fiscal years end in different months (August 2 and October 26), so the periods don't line up exactly.
Side by side
| Campbell's | Hormel Foods | |
|---|---|---|
| Latest fiscal year | FY2026, Aug 2, 2026 | FY2025, Oct 26, 2025 |
| Revenue | $9.7B | $12.1B |
| Revenue growth | −5.0% | 1.6% |
| Revenue growth a year, last 5 years | 2.8% | 4.7% |
| Gross margin | 28.1% | 15.6% |
| Operating margin | 8.7% | 5.9% |
| Net margin | 4.1% | 4.0% |
| Free cash flow | $678M | $534M |
| Free cash flow margin | 7.0% | 4.4% |
| Return on capital | 6.2% | 5.1% |
| Net debt to EBITDA | 5.3x | 2.2x |
| Dividends and buybacks | $496M | $633M |
| Change in diluted share count | 0.0% | 0.3% |
| Last close | $20.63 | $20.95 |
| P/E at the last close | 15.7× | 33.3× |
| Insider trades, last 12 months | bought $6,435, sold $396,709 | bought $201,000, sold $816,702 |
| Piotroski F-score | 5 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Campbell'sHormel Foods
Operating margin
Percent of revenue
Campbell'sHormel Foods
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Campbell'sHormel Foods
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Campbell's and Hormel Foods pages.