• Hormel Foods average pre-tax profit margin for 2024 was 8.41%, a 10.34% decline from 2023.
• Hormel Foods average pre-tax profit margin for 2023 was 9.38%, a 5.16% decline from 2022.
• Hormel Foods average pre-tax profit margin for 2022 was 9.89%, a 7.31% decline from 2021.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.