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Side-by-side financial comparison of Hormel Foods (HRL) and UGI CORP (UGI). Click either name above to swap in a different company.

Hormel Foods is the larger business by last-quarter revenue ($3.0B vs $2.7B, roughly 1.1× UGI CORP). UGI CORP runs the higher net margin — 19.4% vs 6.0%, a 13.4% gap on every dollar of revenue. On growth, Hormel Foods posted the faster year-over-year revenue change (1.0% vs 0.7%). Over the past eight quarters, UGI CORP's revenue compounded faster (40.9% CAGR vs 2.4%).

Hormel Foods Corporation, doing business as Hormel Foods or simply Hormel, is an American multinational food processing company founded in 1891 in Austin, Minnesota, by George A. Hormel as George A. Hormel & Company. The company originally focused on the packaging and selling of ham, sausage and other pork, chicken, beef and lamb products to consumers, adding Spam in 1937. By the 1980s, Hormel began offering a wider range of packaged and refrigerated foods.

UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.

HRL vs UGI — Head-to-Head

Bigger by revenue
HRL
HRL
1.1× larger
HRL
$3.0B
$2.7B
UGI
Growing faster (revenue YoY)
HRL
HRL
+0.3% gap
HRL
1.0%
0.7%
UGI
Higher net margin
UGI
UGI
13.4% more per $
UGI
19.4%
6.0%
HRL
Faster 2-yr revenue CAGR
UGI
UGI
Annualised
UGI
40.9%
2.4%
HRL

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
HRL
HRL
UGI
UGI
Revenue
$3.0B
$2.7B
Net Profit
$181.8M
$520.0M
Gross Margin
15.5%
Operating Margin
8.0%
9.3%
Net Margin
6.0%
19.4%
Revenue YoY
1.0%
0.7%
Net Profit YoY
6.6%
-2.4%
EPS (diluted)
$0.33
$2.33

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HRL
HRL
UGI
UGI
Q1 26
$3.0B
$2.7B
Q4 25
$3.2B
$2.1B
Q3 25
$3.0B
$1.2B
Q2 25
$2.9B
$1.4B
Q1 25
$3.0B
$2.6B
Q4 24
$3.1B
$2.0B
Q3 24
$2.9B
$1.2B
Q2 24
$2.9B
$1.4B
Net Profit
HRL
HRL
UGI
UGI
Q1 26
$181.8M
$520.0M
Q4 25
$-56.1M
$297.0M
Q3 25
$183.7M
$-13.0M
Q2 25
$180.0M
$-163.0M
Q1 25
$170.6M
$479.0M
Q4 24
$220.2M
$375.0M
Q3 24
$176.7M
$-273.0M
Q2 24
$189.3M
$-48.0M
Gross Margin
HRL
HRL
UGI
UGI
Q1 26
15.5%
Q4 25
14.0%
Q3 25
16.1%
Q2 25
16.7%
Q1 25
15.9%
Q4 24
16.6%
Q3 24
16.8%
Q2 24
17.4%
Operating Margin
HRL
HRL
UGI
UGI
Q1 26
8.0%
9.3%
Q4 25
0.1%
22.0%
Q3 25
7.9%
1.1%
Q2 25
8.6%
-6.8%
Q1 25
7.6%
26.6%
Q4 24
9.4%
24.5%
Q3 24
8.2%
-20.4%
Q2 24
8.7%
5.0%
Net Margin
HRL
HRL
UGI
UGI
Q1 26
6.0%
19.4%
Q4 25
-1.8%
14.4%
Q3 25
6.1%
-1.1%
Q2 25
6.2%
-12.0%
Q1 25
5.7%
18.2%
Q4 24
7.0%
18.9%
Q3 24
6.1%
-22.6%
Q2 24
6.6%
-3.6%
EPS (diluted)
HRL
HRL
UGI
UGI
Q1 26
$0.33
$2.33
Q4 25
$-0.10
$1.34
Q3 25
$0.33
$-0.08
Q2 25
$0.33
$-0.76
Q1 25
$0.31
$2.19
Q4 24
$0.41
$1.74
Q3 24
$0.32
$-1.26
Q2 24
$0.34
$-0.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HRL
HRL
UGI
UGI
Cash + ST InvestmentsLiquidity on hand
$867.9M
Total DebtLower is stronger
$2.9B
Stockholders' EquityBook value
Total Assets
$13.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HRL
HRL
UGI
UGI
Q1 26
$867.9M
Q4 25
$703.6M
$251.0M
Q3 25
$630.7M
$335.0M
Q2 25
$699.0M
$350.0M
Q1 25
$866.4M
$426.0M
Q4 24
$766.6M
$240.0M
Q3 24
$561.9M
$213.0M
Q2 24
$1.5B
$183.0M
Total Debt
HRL
HRL
UGI
UGI
Q1 26
$2.9B
Q4 25
$2.9B
$6.0B
Q3 25
$2.9B
$6.5B
Q2 25
$2.9B
$5.7B
Q1 25
$2.9B
$6.6B
Q4 24
$2.9B
$6.6B
Q3 24
$2.9B
$6.4B
Q2 24
$2.9B
$6.3B
Stockholders' Equity
HRL
HRL
UGI
UGI
Q1 26
Q4 25
$7.9B
$5.0B
Q3 25
$8.1B
$4.8B
Q2 25
$8.0B
$4.9B
Q1 25
$8.0B
$5.0B
Q4 24
$8.0B
$4.6B
Q3 24
$7.9B
$4.3B
Q2 24
$7.9B
$4.7B
Total Assets
HRL
HRL
UGI
UGI
Q1 26
$13.3B
Q4 25
$13.4B
$15.8B
Q3 25
$13.5B
$15.5B
Q2 25
$13.4B
$15.4B
Q1 25
$13.4B
$15.7B
Q4 24
$13.4B
$15.4B
Q3 24
$13.1B
$15.1B
Q2 24
$14.1B
$15.1B
Debt / Equity
HRL
HRL
UGI
UGI
Q1 26
Q4 25
0.36×
1.19×
Q3 25
0.35×
1.37×
Q2 25
0.35×
1.17×
Q1 25
0.36×
1.32×
Q4 24
0.36×
1.44×
Q3 24
0.36×
1.48×
Q2 24
0.36×
1.34×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HRL
HRL

Segment breakdown not available.

UGI
UGI

Utilities$880.0M33%
AmeriGas Propane$759.0M28%
UGI International$621.0M23%
Other$425.0M16%

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