ABEV vs. HRL: Ambev vs. Hormel Foods Stock Comparison

November 11, 2026

How do Ambev (ABEV) and Hormel Foods (HRL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Ambev (ABEV) and Hormel Foods (HRL) both fall under the Food, Beverage & Tobacco industry group, but ABEV is classified in Beverages while HRL is classified in Food Products.

Hormel Foods (HRL) trades as ordinary local shares, while Ambev (ABEV) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Ambev (ABEV) and Hormel Foods (HRL)
Profile Item	ABEV	HRL
Name	Ambev S.A. ADR	Hormel Foods Corporation
Country/Region	Brazil	United States
GICS Sector	Consumer Staples	Consumer Staples
GICS Industry Group	Food, Beverage & Tobacco	Food, Beverage & Tobacco
GICS Industry	Beverages	Food Products
GICS Sub-Industry	Brewers	Packaged Foods & Meats
Market Capitalization	43.01 billion USD	12.08 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 5, 1997	March 17, 1980
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

ABEV

HRL

GSPC

Ambev (ABEV) vs. Hormel Foods (HRL), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Ambev (ABEV) and Hormel Foods (HRL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ambev (ABEV) and Hormel Foods (HRL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Ambev (ABEV) and Hormel Foods (HRL)
Metric	ABEV	HRL
Total Return (1Y)	15.68%	6.06%
Total Return (3Y, Annualized)	5.87%	-8.11%
Total Return (5Y, Annualized)	1.96%	-9.33%

Risk Profile

Drawdown History

ABEV

HRL

GSPC

Ambev (ABEV) vs. Hormel Foods (HRL), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Ambev (ABEV) and Hormel Foods (HRL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Ambev (ABEV) and Hormel Foods (HRL)
Metric	ABEV	HRL
Volatility (1Y, Annualized)	35.89%	29.42%
Beta (5Y)	0.56	0.25
Max Drawdown (5Y)	-38.91%	-59.13%
Avg. Volume (3M)	26.44M	5.23M

Risk-Adjusted Performance

Risk-Return Positioning

ABEV and HRL are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Ambev (ABEV) and Hormel Foods (HRL)
Metric	ABEV	HRL
Sharpe Ratio (1Y)	0.32	0.06
Sortino Ratio (1Y)	0.47	0.09

Profitability

ROE (TTM)

Ambev (ABEV) at 17.65% sits in the top ROE quartile, while Hormel Foods (HRL) at 4.29% is closer to the peer norm — stronger capital efficiency for ABEV.

ABEV

Food, Beverage & Tobacco industry group

17.65%

Max: 32.02%
ABEV: 17.65%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

HRL

Food, Beverage & Tobacco industry group

4.29%

Max: 32.02%
Q3: 16.61%
Median: 10.05%
HRL: 4.29%
Q1: 4.10%
Min: -10.50%

Ambev (ABEV) vs. Hormel Foods (HRL): A comparison of their ROE against the Food, Beverage & Tobacco industry group benchmark.

Net Margin (TTM)

Ambev (ABEV) at 17.69% retains a top-quartile share of revenue as profit, ahead of Hormel Foods (HRL) at 2.82%, which keeps about the industry-typical share.

ABEV

Food, Beverage & Tobacco industry group

17.69%

Max: 24.83%
ABEV: 17.69%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

HRL

Food, Beverage & Tobacco industry group

2.82%

Max: 24.83%
Q3: 11.22%
Median: 5.94%
HRL: 2.82%
Q1: 2.05%
Min: -11.49%

Ambev (ABEV) vs. Hormel Foods (HRL): A comparison of their net margin against the Food, Beverage & Tobacco industry group benchmark.

Operating Margin (TTM)

Ambev (ABEV) at 25.56% operates in the top operating margin quartile, ahead of Hormel Foods (HRL) at 8.62%, which runs around its industry’s norm.

ABEV

Food, Beverage & Tobacco industry group

25.56%

Max: 34.91%
ABEV: 25.56%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

HRL

Food, Beverage & Tobacco industry group

8.62%

Max: 34.91%
Q3: 17.57%
Median: 11.06%
HRL: 8.62%
Q1: 4.15%
Min: -15.06%

Ambev (ABEV) vs. Hormel Foods (HRL): A comparison of their operating margin against the Food, Beverage & Tobacco industry group benchmark.

Profitability Metrics

Profitability metrics for Ambev (ABEV) and Hormel Foods (HRL)
Metric	ABEV	HRL
ROE (TTM)	17.65%	4.29%
ROA (TTM)	10.27%	4.63%
Net Margin (TTM)	17.69%	2.82%
Operating Margin (TTM)	25.56%	8.62%
Gross Margin (TTM)	51.78%	15.74%

Growth

Revenue Growth

Hormel Foods (HRL) at 1.56% is around its peer norm for revenue growth, while Ambev (ABEV) at -1.35% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Ambev (ABEV) vs. Hormel Foods (HRL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Ambev (ABEV) at 2.20% and Hormel Foods (HRL) at -40.82% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Ambev (ABEV) vs. Hormel Foods (HRL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ambev (ABEV) and Hormel Foods (HRL)
Metric	ABEV	HRL
Revenue Growth (YoY)	-1.35%	1.56%
Revenue Growth (3Y CAGR)	3.45%	-0.95%
EPS Growth (YoY)	2.20%	-40.82%
EPS Growth (3Y CAGR)	0.00%	-21.81%

Financial Strength

Current Ratio (MRQ)

Both Ambev (ABEV) at 1.06 and Hormel Foods (HRL) at 1.88 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ABEV

Food, Beverage & Tobacco industry group

1.06

Max: 4.01
Q3: 2.35
Median: 1.53
ABEV: 1.06
Q1: 1.02
Min: 0.33

HRL

Food, Beverage & Tobacco industry group

1.88

Max: 4.01
Q3: 2.35
HRL: 1.88
Median: 1.53
Q1: 1.02
Min: 0.33

Ambev (ABEV) vs. Hormel Foods (HRL): A comparison of their current ratio against the Food, Beverage & Tobacco industry group benchmark.

Debt / Equity (MRQ)

Ambev (ABEV) at 0.03 keeps leverage in the lower industry quartile, while Hormel Foods (HRL) at 0.36 runs a more typical debt-to-equity mix.

ABEV

Food, Beverage & Tobacco industry group

0.03

Max: 2.19
Q3: 1.11
Median: 0.68
Q1: 0.33
ABEV: 0.03
Min: 0.00

HRL

Food, Beverage & Tobacco industry group

0.36

Max: 2.19
Q3: 1.11
Median: 0.68
HRL: 0.36
Q1: 0.33
Min: 0.00

Ambev (ABEV) vs. Hormel Foods (HRL): A comparison of their debt-to-equity ratio against the Food, Beverage & Tobacco industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Ambev (ABEV) and Hormel Foods (HRL)
Metric	ABEV	HRL
Current Ratio (MRQ)	1.06	1.88
Debt / Equity (MRQ)	0.03	0.36
Net Debt / EBITDA	-0.72	1.57

Dividends

Dividend Yield (TTM)

Hormel Foods (HRL) at 5.17% earns its spot in the top quartile of its industry’s yields; Ambev (ABEV) at 9.64% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

ABEV

Food, Beverage & Tobacco industry group

9.64%

ABEV: 9.64%
Max: 9.38%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

HRL

Food, Beverage & Tobacco industry group

5.17%

Max: 9.38%
HRL: 5.17%
Q3: 3.77%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

Ambev (ABEV) vs. Hormel Foods (HRL): A comparison of their dividend yield against the Food, Beverage & Tobacco industry group benchmark.

Dividend Payout Ratio (TTM)

Hormel Foods (HRL) reports payout ratio above 100% at 188.31%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Ambev (ABEV) reports 74.21%, ranking against industry peers normally.

ABEV

Food, Beverage & Tobacco industry group

74.21%

Max: 199.19%
Q3: 81.03%
ABEV: 74.21%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

HRL

Food, Beverage & Tobacco industry group

188.31%

Max: 199.19%
HRL: 188.31%
Q3: 81.03%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

Ambev (ABEV) vs. Hormel Foods (HRL): A comparison of their payout ratio against the Food, Beverage & Tobacco industry group benchmark.

Dividend Metrics

Dividend metrics for Ambev (ABEV) and Hormel Foods (HRL)
Metric	ABEV	HRL
Dividend Yield (TTM)	9.64%	5.17%
Dividend Payout Ratio (TTM)	74.21%	188.31%

Valuation

P/E Ratio (TTM)

Ambev (ABEV) at 14.68 is near its industry’s usual P/E ratio, while Hormel Foods (HRL) at 35.40 sits in the richer quartile — HRL needs stronger growth or earnings quality to justify the premium.

ABEV

Food, Beverage & Tobacco industry group

14.68

Max: 52.52
Q3: 30.78
Median: 18.76
ABEV: 14.68
Q1: 12.77
Min: 4.72

HRL

Food, Beverage & Tobacco industry group

35.40

Max: 52.52
HRL: 35.40
Q3: 30.78
Median: 18.76
Q1: 12.77
Min: 4.72

Ambev (ABEV) vs. Hormel Foods (HRL): A comparison of their P/E ratio against the Food, Beverage & Tobacco industry group benchmark.

P/S Ratio (TTM)

Ambev (ABEV) at 0.48 sits in the cheaper P/S ratio quartile while Hormel Foods (HRL) at 0.99 prices around its industry’s middle — ABEV costs less per dollar of sales, though read it alongside growth and margins.

ABEV

Food, Beverage & Tobacco industry group

0.48

Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
ABEV: 0.48
Min: 0.00

HRL

Food, Beverage & Tobacco industry group

0.99

Max: 4.64
Q3: 2.27
Median: 1.17
HRL: 0.99
Q1: 0.52
Min: 0.00

Ambev (ABEV) vs. Hormel Foods (HRL): A comparison of their P/S ratio against the Food, Beverage & Tobacco industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Ambev (ABEV) at 2.38 and Hormel Foods (HRL) at 1.54 are valued close to their industries’ norm against book — neither stands out from peers.

ABEV

Food, Beverage & Tobacco industry group

2.38

Max: 6.35
Q3: 3.07
ABEV: 2.38
Median: 1.58
Q1: 0.82
Min: 0.00

HRL

Food, Beverage & Tobacco industry group

1.54

Max: 6.35
Q3: 3.07
Median: 1.58
HRL: 1.54
Q1: 0.82
Min: 0.00

Ambev (ABEV) vs. Hormel Foods (HRL): A comparison of their P/B ratio against the Food, Beverage & Tobacco industry group benchmark.

Valuation Metrics

Valuation metrics for Ambev (ABEV) and Hormel Foods (HRL)
Metric	ABEV	HRL
P/E Ratio (TTM)	14.68	35.40
P/S Ratio (TTM)	0.48	0.99
P/B Ratio (MRQ)	2.38	1.54
Free Cash Flow Yield (TTM)	48.96%	5.15%