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Side-by-side financial comparison of Hormel Foods (HRL) and Mondelez International (MDLZ), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Mondelez International is the larger business by last-quarter revenue ($10.5B vs $3.2B, roughly 3.3× Hormel Foods). Mondelez International runs the higher net margin — -1.8% vs 6.3%, a 8.1% gap on every dollar of revenue. On growth, Mondelez International posted the faster year-over-year revenue change (9.3% vs 1.5%). Mondelez International produced more free cash flow last quarter ($2.0B vs $231.4M). Over the past eight quarters, Mondelez International's revenue compounded faster (6.3% CAGR vs 3.1%).
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.
Mondelēz International, Inc. is an American multinational confectionery, food, holding, beverage and snack food company based in Chicago. Mondelez has an annual revenue of about $26.5 billion and operates in approximately 160 countries. It ranked No. 108 in the 2021 Fortune 500 list of the largest United States corporations by total revenue.
HRL vs MDLZ — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $10.5B |
| Net Profit | $-56.1M | $665.0M |
| Gross Margin | 14.0% | 28.2% |
| Operating Margin | 0.1% | 9.1% |
| Net Margin | -1.8% | 6.3% |
| Revenue YoY | 1.5% | 9.3% |
| Net Profit YoY | -125.5% | -61.9% |
| EPS (diluted) | $-0.10 | $0.52 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $3.2B | $10.5B | ||
| Q3 25 | $3.0B | $9.7B | ||
| Q2 25 | $2.9B | $9.0B | ||
| Q1 25 | $3.0B | $9.3B | ||
| Q4 24 | $3.1B | $9.6B | ||
| Q3 24 | $2.9B | $9.2B | ||
| Q2 24 | $2.9B | $8.3B | ||
| Q1 24 | $3.0B | $9.3B |
| Q4 25 | $-56.1M | $665.0M | ||
| Q3 25 | $183.7M | $743.0M | ||
| Q2 25 | $180.0M | $641.0M | ||
| Q1 25 | $170.6M | $402.0M | ||
| Q4 24 | $220.2M | $1.7B | ||
| Q3 24 | $176.7M | $853.0M | ||
| Q2 24 | $189.3M | $601.0M | ||
| Q1 24 | $218.9M | $1.4B |
| Q4 25 | 14.0% | 28.2% | ||
| Q3 25 | 16.1% | 26.8% | ||
| Q2 25 | 16.7% | 32.7% | ||
| Q1 25 | 15.9% | 26.1% | ||
| Q4 24 | 16.6% | 38.6% | ||
| Q3 24 | 16.8% | 32.6% | ||
| Q2 24 | 17.4% | 33.5% | ||
| Q1 24 | 17.0% | 51.1% |
| Q4 25 | 0.1% | 9.1% | ||
| Q3 25 | 7.9% | 7.6% | ||
| Q2 25 | 8.6% | 13.0% | ||
| Q1 25 | 7.6% | 7.3% | ||
| Q4 24 | 9.4% | 16.8% | ||
| Q3 24 | 8.2% | 12.5% | ||
| Q2 24 | 8.7% | 10.2% | ||
| Q1 24 | 9.5% | 29.4% |
| Q4 25 | -1.8% | 6.3% | ||
| Q3 25 | 6.1% | 7.6% | ||
| Q2 25 | 6.2% | 7.1% | ||
| Q1 25 | 5.7% | 4.3% | ||
| Q4 24 | 7.0% | 18.2% | ||
| Q3 24 | 6.1% | 9.3% | ||
| Q2 24 | 6.6% | 7.2% | ||
| Q1 24 | 7.3% | 15.2% |
| Q4 25 | $-0.10 | $0.52 | ||
| Q3 25 | $0.33 | $0.57 | ||
| Q2 25 | $0.33 | $0.49 | ||
| Q1 25 | $0.31 | $0.31 | ||
| Q4 24 | $0.41 | $1.30 | ||
| Q3 24 | $0.32 | $0.63 | ||
| Q2 24 | $0.34 | $0.45 | ||
| Q1 24 | $0.40 | $1.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $703.6M | — |
| Total DebtLower is stronger | $2.9B | $17.2B |
| Stockholders' EquityBook value | $7.9B | $25.8B |
| Total Assets | $13.4B | $71.5B |
| Debt / EquityLower = less leverage | 0.36× | 0.67× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $703.6M | — | ||
| Q3 25 | $630.7M | — | ||
| Q2 25 | $699.0M | — | ||
| Q1 25 | $866.4M | — | ||
| Q4 24 | $766.6M | — | ||
| Q3 24 | $561.9M | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $981.9M | — |
| Q4 25 | $2.9B | $17.2B | ||
| Q3 25 | $2.9B | $17.1B | ||
| Q2 25 | $2.9B | $18.1B | ||
| Q1 25 | $2.9B | $15.8B | ||
| Q4 24 | $2.9B | $15.7B | ||
| Q3 24 | $2.9B | $16.5B | ||
| Q2 24 | $2.9B | $16.1B | ||
| Q1 24 | $2.4B | $16.8B |
| Q4 25 | $7.9B | $25.8B | ||
| Q3 25 | $8.1B | $26.2B | ||
| Q2 25 | $8.0B | $26.2B | ||
| Q1 25 | $8.0B | $25.8B | ||
| Q4 24 | $8.0B | $26.9B | ||
| Q3 24 | $7.9B | $27.9B | ||
| Q2 24 | $7.9B | $27.7B | ||
| Q1 24 | $7.8B | $28.5B |
| Q4 25 | $13.4B | $71.5B | ||
| Q3 25 | $13.5B | $71.4B | ||
| Q2 25 | $13.4B | $71.0B | ||
| Q1 25 | $13.4B | $68.9B | ||
| Q4 24 | $13.4B | $68.5B | ||
| Q3 24 | $13.1B | $72.2B | ||
| Q2 24 | $14.1B | $73.1B | ||
| Q1 24 | $13.5B | $77.6B |
| Q4 25 | 0.36× | 0.67× | ||
| Q3 25 | 0.35× | 0.65× | ||
| Q2 25 | 0.35× | 0.69× | ||
| Q1 25 | 0.36× | 0.61× | ||
| Q4 24 | 0.36× | 0.58× | ||
| Q3 24 | 0.36× | 0.59× | ||
| Q2 24 | 0.36× | 0.58× | ||
| Q1 24 | 0.30× | 0.59× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $322.9M | $2.4B |
| Free Cash FlowOCF − Capex | $231.4M | $2.0B |
| FCF MarginFCF / Revenue | 7.3% | 19.0% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 2.9% | 3.8% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | 3.60× |
| TTM Free Cash FlowTrailing 4 quarters | $534.3M | $3.2B |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $322.9M | $2.4B | ||
| Q3 25 | $156.7M | $717.0M | ||
| Q2 25 | $56.4M | $308.0M | ||
| Q1 25 | $309.2M | $1.1B | ||
| Q4 24 | $408.6M | $1.5B | ||
| Q3 24 | $218.0M | $1.3B | ||
| Q2 24 | $236.1M | $822.0M | ||
| Q1 24 | $404.0M | $1.3B |
| Q4 25 | $231.4M | $2.0B | ||
| Q3 25 | $84.5M | $418.0M | ||
| Q2 25 | $-18.6M | $3.0M | ||
| Q1 25 | $237.0M | $815.0M | ||
| Q4 24 | $324.8M | $1.1B | ||
| Q3 24 | $152.5M | $989.0M | ||
| Q2 24 | $176.2M | $455.0M | ||
| Q1 24 | $356.8M | $1.0B |
| Q4 25 | 7.3% | 19.0% | ||
| Q3 25 | 2.8% | 4.3% | ||
| Q2 25 | -0.6% | 0.0% | ||
| Q1 25 | 7.9% | 8.8% | ||
| Q4 24 | 10.4% | 11.0% | ||
| Q3 24 | 5.3% | 10.7% | ||
| Q2 24 | 6.1% | 5.5% | ||
| Q1 24 | 11.9% | 11.0% |
| Q4 25 | 2.9% | 3.8% | ||
| Q3 25 | 2.4% | 3.1% | ||
| Q2 25 | 2.6% | 3.4% | ||
| Q1 25 | 2.4% | 3.0% | ||
| Q4 24 | 2.7% | 4.2% | ||
| Q3 24 | 2.3% | 3.4% | ||
| Q2 24 | 2.1% | 4.4% | ||
| Q1 24 | 1.6% | 3.2% |
| Q4 25 | — | 3.60× | ||
| Q3 25 | 0.85× | 0.97× | ||
| Q2 25 | 0.31× | 0.48× | ||
| Q1 25 | 1.81× | 2.72× | ||
| Q4 24 | 1.86× | 0.84× | ||
| Q3 24 | 1.23× | 1.53× | ||
| Q2 24 | 1.25× | 1.37× | ||
| Q1 24 | 1.85× | 0.94× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
HRL
| Retail Segment | $1.9B | 60% |
| Foodservice Segment | $1.1B | 34% |
| Other | $174.7M | 5% |
MDLZ
Segment breakdown not available.
