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Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Hormel Foods's Pre-Tax Income for the three months ended in Jan. 2024 was $286 Mil. Hormel Foods's Revenue for the three months ended in Jan. 2024 was $2,997 Mil. Therefore, Hormel Foods's pretax margin for the quarter that ended in Jan. 2024 was 9.53%.
The historical rank and industry rank for Hormel Foods's Pretax Margin % or its related term are showing as below:
The historical data trend for Hormel Foods's Pretax Margin % 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 Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Pretax Margin % | Get a 7-Day Free Trial |
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12.74 | 11.60 | 9.89 | 10.26 | 8.37 |
Hormel Foods Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Pretax Margin % | Get a 7-Day Free Trial |
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9.46 | 9.36 | 7.01 | 7.69 | 9.53 |
For the Packaged Foods subindustry, Hormel Foods's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Hormel Foods's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Hormel Foods's Pretax Margin % falls into.
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Hormel Foods's Pretax Margin for the fiscal year that ended in Oct. 2023 is calculated as
Pretax Margin | = | Pre-Tax Income (A: Oct. 2023 ) | / | Revenue (A: Oct. 2023 ) |
= | 1013.472 | / | 12110.01 | |
= | 8.37 % |
Hormel Foods's Pretax Margin for the quarter that ended in Jan. 2024 is calculated as
Pretax Margin | = | Pre-Tax Income (Q: Jan. 2024 ) | / | Revenue (Q: Jan. 2024 ) |
= | 285.547 | / | 2996.911 | |
= | 9.53 % |
* 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 (NYSE:HRL) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Thank you for viewing the detailed overview of Hormel Foods's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Susan K Nestegard | director | AMERICAN CAPITAL, LTD., 2 BETHESDA METRO, 14TH FLOOR, BETHESDA MD 20814 |
Kevin L Myers | officer: Vice President | 1 HORMEL PLACE, AUSTIN MN 55912 |
Deanna T Brady | officer: Vice President | 1 HORMEL STREET, AUSTIN MN 55912 |
Elsa A Murano | director | 1 HORMEL PLACE, AUSTIN MN 55912-3680 |
Pierre M Lilly | officer: SVP & Chief Compliance Officer | 1 HORMEL PLACE, AUSTIN MN 55912 |
Mark J Ourada | officer: Group Vice President | 1 HORMEL PLACE, AUSTIN MN 55912 |
Mark A Coffey | officer: Vice President | 1 HORMEL PLACE, AUSTIN MN 55912 |
Prado Becerra Jose Luis | director | 50 S. LASALLE STREET, CHICAGO IL 60603 |
Ray G Young | director | 77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601 |
Michael Paul Zechmeister | director | C/O UNITED NATURAL FOODS, INC., 313 IRON HORSE WAY, PROVIDENCE RI 02908 |
Patrick J Connor | officer: Vice President | 1 HORMEL PLACE, AUSTIN MN 55912 |
James P Snee | officer: Vice President | 1 HORMEL PLACE, AUSTIN MN 55912 |
Katherine M Losness-larson | officer: Senior Vice President | 1 HORMEL PLACE, AUSTIN MN 55912 |
Florence Makope | officer: Vice President and Treasurer | 1 HORMEL PLACE, AUSTIN MN 55912 |
Christopher J. Policinski | director | 4001 LEXINGTON AVENUE N., ARDEN HILLS MN 55126 |
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