According to Hormel Foods's latest financial reports and stock price the company's current Operating Margin is 8.36%. At the end of 2023 the company had an Operating Margin of 8.37%.
Year | Operating Margin | Change |
---|---|---|
2023 | 8.37% | -18.42% |
2022 | 10.26% | 3.72% |
2021 | 9.89% | -14.75% |
2020 | 11.60% | -8.92% |
2019 | 12.74% | 2.93% |
2018 | 12.38% | -11.27% |
2017 | 13.95% | 0.84% |
2016 | 13.83% | 21.21% |
2015 | 11.41% | 15.29% |
2014 | 9.90% | 8.49% |
2013 | 9.12% | -0.97% |
2012 | 9.21% | 1.19% |
2011 | 9.10% | 5.27% |
2010 | 8.65% | 7% |
2009 | 8.08% | 18.53% |
2008 | 6.82% | -10.11% |
2007 | 7.59% | 1.24% |
2006 | 7.49% | -0.25% |
2005 | 7.51% | -2.32% |
2004 | 7.69% | 11.65% |
2003 | 6.89% | -8.37% |
2002 | 7.52% | 2.48% |
2001 | 7.34% |
Company | Operating Margin | Operating Margin differencediff. | Country |
---|---|---|---|
-1.28% | -115.31% | ๐บ๐ธ USA | |
1.11% | -86.72% | ๐บ๐ธ USA | |
2.10% | -74.88% | ๐บ๐ธ USA | |
-5.21% | -162.32% | ๐ง๐ท Brazil | |
5.61% | -32.89% | ๐บ๐ธ USA |
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.