HRL vs. PBA

Last updated Apr 1, 2026

Compare and contrast key facts about Hormel Foods Corporation (HRL) and Pembina Pipeline Corporation (PBA).

Performance

HRL vs. PBA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hormel Foods Corporation (HRL) and Pembina Pipeline Corporation (PBA). The values are adjusted to include any dividend payments, if applicable.

HRL vs. PBA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HRL Hormel Foods Corporation	-3.21%	-21.27%	1.21%	-27.49%	-4.67%	6.99%	5.38%	7.85%	19.68%	6.72%
PBA Pembina Pipeline Corporation	18.98%	8.55%	13.16%	7.81%	18.33%	36.99%	-30.57%	31.15%	-13.66%	21.15%

Fundamentals

Market Cap HRL : $12.47B PBA : $26.05B
EPS HRL : $0.89 PBA : $2.91
PE Ratio HRL : 25.48 PBA : 15.38
PS Ratio HRL : 1.03 PBA : 3.34
PB Ratio HRL : 1.10 PBA : 1.55
Total Revenue (TTM) HRL : $12.14B PBA : $7.81B
Gross Profit (TTM) HRL : $1.89B PBA : $3.09B
EBITDA (TTM) HRL : $945.68M PBA : $3.63B

Returns By Period

In the year-to-date period, HRL achieves a -3.21% return, which is significantly lower than PBA's 18.98% return. Over the past 10 years, HRL has underperformed PBA with an annualized return of -4.01%, while PBA has yielded a comparatively higher 11.56% annualized return.

HRL

• 1D: -1.61%
• 1M: -11.52%
• YTD: -3.21%
• 6M: -6.12%
• 1Y: -23.48%
• 3Y*: -14.05%
• 5Y*: -11.09%
• 10Y*: -4.01%

PBA

• 1D: -0.91%
• 1M: 2.94%
• YTD: 18.98%
• 6M: 13.42%
• 1Y: 17.75%
• 3Y*: 17.61%
• 5Y*: 15.23%
• 10Y*: 11.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HRL vs. PBA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HRL

HRL Risk / Return Rank: 13
HRL Sharpe Ratio Rank: 7
HRL Sortino Ratio Rank: 10
HRL Omega Ratio Rank: 10
HRL Calmar Ratio Rank: 17
HRL Martin Ratio Rank: 18

PBA

PBA Risk / Return Rank: 66
PBA Sharpe Ratio Rank: 71
PBA Sortino Ratio Rank: 61
PBA Omega Ratio Rank: 64
PBA Calmar Ratio Rank: 69
PBA Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HRL vs. PBA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hormel Foods Corporation (HRL) and Pembina Pipeline Corporation (PBA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	HRL	PBA	Difference
Sharpe ratio Return per unit of total volatility	-0.89	0.83	-1.72
Sortino ratio Return per unit of downside risk	-1.08	1.16	-2.24
Omega ratio Gain probability vs. loss probability	0.85	1.17	-0.32
Calmar ratio Return relative to maximum drawdown	-0.71	1.29	-2.00
Martin ratio Return relative to average drawdown	-1.23	2.51	-3.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HRL vs. PBA - Sharpe Ratio Comparison

The current HRL Sharpe Ratio is -0.89, which is lower than the PBA Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of HRL and PBA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HRL	PBA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	0.83	-1.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.48	0.71	-1.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.17	0.35	-0.53
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.36	+0.01

Correlation

The correlation between HRL and PBA is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HRL vs. PBA - Dividend Comparison

HRL's dividend yield for the trailing twelve months is around 5.13%, more than PBA's 4.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HRL Hormel Foods Corporation	5.13%	4.89%	3.60%	3.43%	2.28%	2.01%	2.00%	1.86%	1.76%	1.87%	1.67%	1.26%
PBA Pembina Pipeline Corporation	4.62%	5.34%	5.39%	5.70%	5.78%	6.71%	8.56%	4.80%	5.81%	4.36%	4.19%	6.48%

Drawdowns

HRL vs. PBA - Drawdown Comparison

The maximum HRL drawdown since its inception was -56.39%, smaller than the maximum PBA drawdown of -70.87%. Use the drawdown chart below to compare losses from any high point for HRL and PBA.

Drawdown Indicators

	HRL	PBA	Difference
Max Drawdown Largest peak-to-trough decline	-56.39%	-70.87%	+14.48%
Max Drawdown (1Y) Largest decline over 1 year	-31.00%	-13.99%	-17.01%
Max Drawdown (5Y) Largest decline over 5 years	-56.39%	-27.37%	-29.02%
Max Drawdown (10Y) Largest decline over 10 years	-56.39%	-70.87%	+14.48%
Current Drawdown Current decline from peak	-53.01%	-2.21%	-50.80%
Average Drawdown Average peak-to-trough decline	-11.64%	-15.19%	+3.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.86%	7.19%	+10.67%

Volatility

HRL vs. PBA - Volatility Comparison

Hormel Foods Corporation (HRL) has a higher volatility of 5.48% compared to Pembina Pipeline Corporation (PBA) at 3.76%. This indicates that HRL's price experiences larger fluctuations and is considered to be riskier than PBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HRL	PBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	3.76%	+1.72%
Volatility (6M) Calculated over the trailing 6-month period	18.63%	14.19%	+4.44%
Volatility (1Y) Calculated over the trailing 1-year period	26.70%	21.39%	+5.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.40%	21.48%	+1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.11%	32.94%	-9.83%

Financials

HRL vs. PBA - Profitability Comparison

The chart below illustrates the profitability comparison between Hormel Foods Corporation and Pembina Pipeline Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HRL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Hormel Foods Corporation reported a gross profit of 469.58M and revenue of 3.03B. Therefore, the gross margin over that period was 15.5%.

PBA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Pembina Pipeline Corporation reported a gross profit of 656.00M and revenue of 1.91B. Therefore, the gross margin over that period was 34.3%.

HRL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Hormel Foods Corporation reported an operating income of 243.70M and revenue of 3.03B, resulting in an operating margin of 8.1%.

PBA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Pembina Pipeline Corporation reported an operating income of 785.00M and revenue of 1.91B, resulting in an operating margin of 41.0%.

HRL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Hormel Foods Corporation reported a net income of 181.80M and revenue of 3.03B, resulting in a net margin of 6.0%.

PBA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Pembina Pipeline Corporation reported a net income of 489.00M and revenue of 1.91B, resulting in a net margin of 25.6%.