HRL vs JBS: Hormel Foods and JBS compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- JBS is the larger company, worth $12.2B, close to Hormel Foods's $10.8B.
- JBS grew revenue faster over the last year (+11.7% vs -2.4%).
- JBS keeps more of each dollar of revenue as operating profit (4.8% vs 4.7%).
- On earnings, JBS is the cheaper stock (6.9x vs 22.1x).
- Hormel Foods's price assumes faster free cash flow growth: about 5% a year, against 1% for JBS (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | HRL | JBS |
|---|---|---|
| Market cap | $10.8B | $12.2B |
| Share price | $19.19 | $12.98 |
| Revenue (last fiscal year) | $12.1B | $86.2B |
| Free cash flow (last fiscal year) | $534M | $833M |
| Revenue growth, last year | -2.4% | +11.7% |
| Revenue growth per year, last 5 fiscal years | +1.5% | +8.7% |
| Operating margin | 4.7% | 4.8% |
| Net margin | 2.8% | 2.4% |
| Return on equity | 4.4% | 23.3% |
| P/E (trailing) | 22.1x | 6.87x |
| Price / free cash flow | 20.3x | 2.95x |
| EV / EBITDA | 14.7x | 5.14x |
| FCF growth the price implies | 5.2% | 0.88% |
| Dividend yield | 5.9% | 9.1% |
| Debt / equity | 0.69x | 4.09x |
| Fundamental grade | D | C |
| Superinvestors holding it | 2 | 0 |
| Insider purchases, last 12 months | 3 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Hormel Foods
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $11.4B | $770M | 9.9% |
| 2022 | $12.5B | $856M | 10.5% |
| 2023 | $12.1B | $778M | 8.9% |
| 2024 | $11.9B | $1.0B | 9.0% |
| 2025 | $12.1B | $534M | 5.9% |
JBS
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2023 | $72.9B | $877M | 1.5% |
| 2024 | $77.2B | $2.7B | 5.7% |
| 2025 | $86.2B | $833M | 4.8% |
Where the revenue comes from
Hormel Foods · by segments, 2025
Retail$7.5B62%
Foodservice$3.9B33%
International$709M6%
JBS · by regions, 2025
Beef North America$28.1B32%
Pilgrim’s Pride$18.5B21%
Brasil$15.3B17%
Seara$9.2B10%
USA Pork$8.4B10%
Australia$8.1B9%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open HRL in InvestinglyQuestions
Which is bigger, Hormel Foods or JBS?
JBS (JBS), at $12.2B against $10.8B.
Is HRL or JBS cheaper?
By trailing P/E, JBS (6.87x) is cheaper than Hormel Foods (22.1x). A lower multiple can also mean the market expects less growth.
Which grows faster, HRL or JBS?
JBS: revenue grew +11.7% over the last year, against -2.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.