Company / R&D Expense
Hormel Foods R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$35.2M
FY2025
5-year range
$33.6M / $36.1M
FY2021-FY2025
Trend
-2.5%
vs FY2024
Sector context
#25 of 39
Consumer Staples
What the data says
At $35M, Hormel Foods's r&d expense ranks #25 of 39 in the Consumer Staples sector. R&D Expense has fluctuated over the past 10 years, ranging from $32M in FY2020 to $36M in FY2024.
Based on SEC 10-K filings.
$35M in FY2025 with a 5-year CAGR of +2.0%.
Improved from $34M to $35M over the past 2 years.
Consumer Staples sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +0.5%
- 5-Year CAGR
- +2.0%
- 10-Year CAGR
- -
Sector benchmark
#25 of 39 in Consumer StaplesTop 64% of 39This company $35.2M Sector average $203.6M
▼
-82.7% below sector average
Key checks
Key Insights
- 5-year CAGR of +2.0%, indicating consistent growth.
- In FY2025, r&d expense decreased 2.5% year-over-year.
- Ranks #25 out of 39 companies in the Consumer Staples sector.
- Peak r&d expense was recorded in FY2024.
Company context
Key Data Points
- Altman Z-Score 0.88 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $35.2M | -2.5% |
| FY2024 | $36.1M | +7.1% |
| FY2023 | $33.7M | -2.9% |
| FY2022 | $34.7M | +3.3% |
| FY2021 | $33.6M | +5.3% |
| FY2020 | $31.9M | -1.8% |
| FY2019 | $32.5M | -3.8% |
| FY2018 | $33.8M | -1.2% |
| FY2017 | $34.2M | -1.4% |
| FY2016 | $34.7M | +8.4% |
As of FY2025 · SEC 10-K · Updated Mar 9, 2026