Tyson Foods, Inc.

TSN · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$19,279	$21,239	$17,952	$23,710	$28,662	$21,534	$31,276	$21,614	$25,579	$27,111	$15,649	$13,937	$9,955	$6,066	$6,475	$5,975	$3,814	$3,355	$4,873	$3,954	$4,386	$5,527	$4,889	$4,047	$2,274	$2,250	$3,783	$4,518	$5,115	$3,880	$3,900	$3,547	$3,133	$3,070	$2,664	$1,792	$1,652	$1,066	$1,389	$993	$416
Enterprise value	$27,022	$29,433	$27,007	$31,109	$35,634	$31,585	$42,868	$31,225	$35,482	$33,057	$21,666	$21,691	$11,250	$7,457	$7,969	$7,568	$6,320	$6,001	$7,610	$7,135	$7,341	$8,856	$8,468	$7,983	$6,980	$3,749	$5,556	$6,600	$6,781	$5,818	$5,852	$4,991	$4,136	$3,868	$3,622	$2,796	$2,970	$1,259	$1,584	$1,105	$551
P/E (TTM) at period end	49.56×	32.43×	–	7.32×	9.41×	10.45×	15.80×	7.28×	14.42×	15.33×	15.27×	19.74×	12.80×	10.40×	8.63×	7.66×	–	39.01×	18.18×	–	11.79×	13.71×	14.51×	10.57×	25.84×	14.90×	16.44×	180.73×	27.53×	44.65×	17.79×	–	17.38×	19.13×	18.31×	14.93×	16.42×	13.09×	20.49×	19.74×	11.95×
P/S (TTM) at period end	0.35×	0.40×	0.34×	0.44×	0.61×	0.50×	0.74×	0.54×	0.67×	0.74×	0.38×	0.37×	0.29×	0.18×	0.20×	0.21×	0.14×	0.12×	0.18×	0.15×	0.17×	0.21×	0.20×	0.17×	0.22×	0.31×	0.51×	0.61×	0.80×	0.60×	0.71×	0.69×	0.67×	0.74×	0.68×	0.47×	0.65×	0.55×	0.78×	0.66×	0.37×
P/B at period end	1.07×	1.15×	0.99×	1.20×	1.62×	1.41×	2.24×	1.69×	2.43×	2.82×	1.61×	1.57×	1.61×	1.01×	1.14×	1.16×	0.87×	0.67×	1.03×	0.89×	0.94×	1.29×	1.24×	1.11×	0.68×	1.03×	1.78×	2.29×	3.15×	2.52×	2.66×	2.75×	2.30×	3.13×	3.24×	2.70×	3.69×	3.12×	5.15×	4.88×	2.69×
EV / EBITDA (TTM)	12.33×	11.46×	38.31×	5.81×	6.69×	8.08×	11.94×	8.46×	9.96×	9.58×	7.80×	11.27×	6.08×	4.31×	4.63×	3.84×	27.48×	7.51×	6.75×	16.22×	5.89×	6.29×	6.54×	5.90×	10.72×	5.83×	7.14×	13.75×	10.76×	11.43×	8.65×	8.36×	7.49×	8.05×	7.72×	5.96×	9.92×	–	–	–	–
EV / Sales (TTM)	0.50×	0.55×	0.51×	0.58×	0.76×	0.73×	1.01×	0.78×	0.93×	0.90×	0.52×	0.58×	0.33×	0.23×	0.25×	0.27×	0.24×	0.22×	0.28×	0.28×	0.28×	0.33×	0.34×	0.34×	0.66×	0.52×	0.75×	0.89×	1.07×	0.90×	1.06×	0.98×	0.88×	0.93×	0.92×	0.73×	1.17×	0.65×	0.89×	0.73×	0.49×
Returns
Return on equity	2.2%	3.6%	(2.9%)	16.4%	17.2%	13.5%	14.2%	23.2%	16.8%	18.4%	10.6%	7.9%	12.5%	9.7%	13.3%	15.1%	(12.4%)	1.7%	5.7%	(4.4%)	8.0%	9.4%	8.5%	10.5%	2.6%	6.9%	10.8%	1.3%	11.5%	5.6%	14.9%	(0.2%)	13.3%	16.4%	17.7%	18.1%	22.5%	23.8%	25.2%	24.7%	22.5%
Return on invested capital	2.8%	4.0%	(1.4%)	12.7%	13.5%	9.2%	9.1%	13.3%	9.7%	12.4%	8.8%	5.9%	12.4%	11.1%	12.3%	14.6%	(3.1%)	2.4%	5.4%	(0.6%)	6.9%	7.6%	7.2%	7.5%	2.4%	6.1%	8.0%	1.8%	6.9%	5.0%	8.6%	–	9.3%	11.5%	11.2%	12.4%	7.5%	18.2%	17.3%	18.7%	15.2%
Dividend yield	3.6%	3.2%	3.7%	2.8%	2.2%	2.8%	1.7%	2.0%	1.2%	0.8%	0.9%	0.7%	1.0%	0.9%	0.9%	1.0%	1.6%	1.7%	1.1%	1.4%	1.3%	1.0%	1.1%	1.4%	–	–	–	–	–	–	–	0.1%	0.2%	0.1%	0.1%	–	–	–	–	–	–
Financial health
Current ratio	1.55×	2.04×	1.34×	1.81×	1.55×	1.79×	1.27×	1.13×	1.55×	1.77×	1.52×	1.64×	1.86×	1.91×	2.01×	1.81×	2.20×	2.07×	1.70×	1.47×	1.62×	1.54×	1.36×	1.50×	1.36×	1.79×	1.75×	2.12×	2.18×	2.64×	1.76×	2.34×	1.54×	1.46×	1.20×	1.21×	1.60×	2.40×	1.23×	1.20×	1.23×
Debt / equity	0.49×	0.53×	0.52×	0.42×	0.53×	0.74×	0.86×	0.77×	0.97×	0.65×	0.69×	0.92×	0.39×	0.40×	0.39×	0.49×	0.79×	0.58×	0.59×	0.90×	0.64×	0.78×	0.91×	1.09×	1.42×	0.71×	0.85×	1.08×	1.04×	1.28×	1.35×	1.13×	0.75×	0.84×	1.20×	1.54×	3.07×	0.62×	0.81×	1.08×	0.91×
Effective tax rate	34.1%	24.7%	4.3%	21.7%	24.3%	22.3%	16.0%	(10.9%)	32.3%	31.8%	36.3%	31.6%	32.5%	36.4%	31.7%	36.4%	(1.3%)	44.2%	34.6%	34.8%	29.5%	36.5%	35.6%	35.4%	39.7%	35.5%	36.0%	64.8%	43.6%	36.1%	37.4%	101.8%	41.8%	38.5%	40.0%	40.0%	38.5%	22.0%	45.0%	48.6%	50.4%
Share count
Diluted shares outstanding	–	–	284	363	365	365	366	369	370	390	413	364	367	370	380	373	372	356	355	345	357	357	351	355	222	226	230	227	219	219	218	226	223	208	208	200	193	189	194	186	174

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$55,694	$54,441	$53,309	$52,881	$53,282	$47,049	$43,185	$42,405	$40,052	$38,260	$36,881	$41,373	$37,580	$34,374	$33,055	$32,032	$28,430	$26,704	$26,862	$26,900	$25,559	$26,014	$26,441	$24,549	$23,367	$10,563	$7,268	$7,363	$7,414	$6,356	$6,454	$5,511	$5,110	$4,707	$4,169	$3,922	$3,825	$2,538	$1,936	$1,786	$1,504	$1,136
Cost of revenue	($52,277)	($50,879)	($49,682)	($50,250)	($46,614)	($40,523)	($37,801)	($37,383)	($34,956)	($33,177)	($32,184)	($37,456)	($34,895)	($32,016)	($30,865)	($29,837)	($25,916)	($25,501)	($25,616)	($25,467)	($24,631)	($24,274)	($24,550)	($22,805)	($21,550)	($9,660)	($6,453)	($5,799)	($6,017)	($5,115)	($5,294)	($4,244)	($3,990)	($3,651)	($3,271)	($3,041)	($2,958)	($1,971)	($1,557)	($1,423)	($1,230)	($925)
Gross profit	$3,417	$3,562	$3,627	$2,631	$6,668	$6,526	$5,384	$5,022	$5,096	$5,062	$4,697	$3,917	$2,685	$2,358	$2,190	$2,195	$2,514	$1,203	$1,246	$1,433	$928	$1,740	$1,891	$1,744	$1,817	$903	$815	$1,564	$1,397	$1,240	$1,160	$1,267	$1,120	$1,057	$898	$881	$867	$567	$379	$363	$274	$211
Operating expenses
Research and development	–	($126)	($106)	($114)	($108)	($114)	($98)	($97)	($114)	($113)	($96)	($75)	($52)	($50)	($43)	($42)	($38)	($33)	($30)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($2,160)	($2,121)	($2,218)	($2,245)	($2,258)	($2,130)	($2,376)	($2,252)	($2,127)	($2,141)	($1,864)	($1,748)	($1,255)	($983)	($904)	($906)	($929)	($841)	($879)	($817)	($935)	($928)	($880)	($831)	($877)	($587)	($466)	($786)	($917)	($610)	($651)	($590)	($522)	($505)	($417)	($412)	($398)	($268)	($184)	($157)	($117)	($92)
Total operating expenses	($2,160)	($2,464)	($2,218)	($3,026)	($2,258)	($2,130)	($2,376)	($2,252)	($2,127)	($2,141)	($1,864)	($1,748)	($1,255)	($983)	($904)	($906)	($958)	($1,418)	($915)	($819)	($1,005)	($995)	($974)	($907)	($930)	($587)	($466)	($1,077)	($1,193)	($841)	($890)	($795)	($711)	($681)	($566)	($548)	($521)	($352)	($254)	($217)	($159)	($122)
Total costs and expenses	($54,437)	($53,343)	($51,900)	($53,276)	($48,872)	($42,653)	($40,177)	($39,635)	($37,083)	($35,339)	($34,048)	($39,204)	($36,150)	($32,999)	($31,769)	($30,743)	($26,874)	($26,919)	($26,531)	($26,286)	($25,636)	($25,269)	($25,524)	($23,712)	($22,480)	($10,247)	($6,919)	($6,876)	($7,210)	($5,956)	($6,184)	($5,040)	($4,701)	($4,332)	($3,837)	($3,589)	($3,480)	($2,324)	($1,811)	($1,640)	($1,389)	($1,047)
Operating income	$1,257	$1,098	$1,409	($395)	$4,410	$4,396	$3,008	$2,770	$2,969	$2,921	$2,833	$2,169	$1,430	$1,375	$1,286	$1,289	$1,556	($215)	$331	$614	($77)	$745	$917	$837	$887	$316	$349	$487	$204	$400	$270	$472	$409	$376	$332	$333	$346	$214	$125	$146	$115	$89
Earnings
EBITDA	$2,577	$2,191	$2,568	$705	$5,355	$5,330	$3,908	$3,589	$3,692	$3,563	$3,450	$2,778	$1,924	$1,849	$1,729	$1,722	$1,972	$230	$799	$1,128	$440	$1,246	$1,407	$1,295	$1,354	$651	$643	$778	$480	$630	$509	$677	$597	$552	$481	$469	$469	$299	–	–	–	–
Interest income	$43	$73	$89	$30	$17	$8	$10	$11	$7	$7	$6	$9	$7	$7	$12	$11	$14	$17	$9	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($405)	($449)	($481)	($355)	($365)	($428)	($485)	($462)	($350)	($279)	($249)	($293)	($132)	($145)	($356)	($242)	($347)	($327)	($215)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$820	$769	$1,092	($678)	$4,149	$4,041	$2,664	$2,374	$2,682	$2,628	$2,598	$1,921	$1,252	$1,257	$965	$1,074	$1,203	($543)	$154	$410	($293)	$528	$635	$523	$593	$146	$234	$360	$71	$330	$136	$350	$119	$310	$261	$242	$200	$164	$104	$123	$98	$70
Income tax expense	($222)	($262)	($270)	$29	($900)	($981)	($593)	($381)	$291	($850)	($826)	($697)	($396)	($409)	($351)	($340)	($438)	($7)	($68)	($142)	$102	($156)	($232)	($186)	($210)	($58)	($83)	($129)	($46)	($144)	($49)	($131)	($121)	($129)	($100)	($97)	($80)	($63)	($23)	($55)	($48)	($35)
Net income	$574	$474	$800	($648)	$3,238	$3,047	$2,061	$1,980	$2,970	$1,774	$1,768	$1,220	$864	$778	$583	$750	$780	($547)	$86	$268	($196)	$372	$403	$337	$383	$88	$151	$230	$25	$186	$87	$219	($2)	$180	$160	$146	$120	$101	$81	$68	$50	$35
Per share
Diluted EPS (GAAP)	$1.38	$1.33	$2.25	($1.87)	$8.92	$8.34	$5.64	$5.40	$8.04	$4.79	$4.53	$2.95	$2.37	$2.12	$1.58	$1.97	$2.06	($1.47)	$0.24	$0.75	($0.57)	$1.04	$1.13	$0.96	$1.08	$0.40	$0.67	$1.00	$0.11	$0.85	$0.40	$1.01	($0.0093)	$0.81	$0.77	$0.70	$0.60	$0.52	$0.43	$0.35	$0.27	$0.20
Basic EPS (GAAP)	–	$1.37	$2.31	($1.87)	$8.92	$8.34	$5.64	$5.40	$8.04	$4.79	$4.53	$3.06	$2.48	$2.12	$1.58	$1.97	$2.13	($1.78)	$0.25	$0.79	($0.79)	$1.06	$1.14	$0.98	$1.10	$0.40	$0.67	$1.00	$0.11	$0.85	$0.40	$1.01	($0.0095)	$0.82	$0.78	$0.71	$0.60	$0.52	$0.43	$0.35	$0.27	$0.20
Basic shares outstanding	–	285	284	284	363	365	365	366	369	370	390	–	–	367	370	380	373	302	281	273	249	243	345	346	348	221	225	230	227	218	218	218	222	220	206	205	200	193	189	194	186	174
Margins
Gross margin	6.1%	6.5%	6.8%	5.0%	12.5%	13.9%	12.5%	11.8%	12.7%	13.2%	12.7%	9.5%	7.1%	6.9%	6.6%	6.9%	8.8%	4.5%	4.6%	5.3%	3.6%	6.7%	7.2%	7.1%	7.8%	8.5%	11.2%	21.2%	18.8%	19.5%	18.0%	23.0%	21.9%	22.4%	21.5%	22.5%	22.7%	22.3%	19.6%	20.3%	18.2%	18.6%
Operating margin	2.3%	2.0%	2.6%	(0.7%)	8.3%	9.3%	7.0%	6.5%	7.4%	7.6%	7.7%	5.2%	3.8%	4.0%	3.9%	4.0%	5.5%	(0.8%)	1.2%	2.3%	(0.3%)	2.9%	3.5%	3.4%	3.8%	3.0%	4.8%	6.6%	2.8%	6.3%	4.2%	8.6%	8.0%	8.0%	8.0%	8.5%	9.0%	8.5%	6.4%	8.2%	7.7%	7.8%
Net margin	1.0%	0.9%	1.5%	(1.2%)	6.1%	6.5%	4.8%	4.7%	7.4%	4.6%	4.8%	2.9%	2.3%	2.3%	1.8%	2.3%	2.7%	(2.0%)	0.3%	1.0%	(0.8%)	1.4%	1.5%	1.4%	1.6%	0.8%	2.1%	3.1%	0.3%	2.9%	1.3%	4.0%	(0.0%)	3.8%	3.9%	3.7%	3.1%	4.0%	4.2%	3.8%	3.3%	3.1%

Analyst consensus

Buy30 analysts

Bearish · 1 · Hold · 13 · Bullish · 16

Earnings history

	EPS	Estimate
Q4 2024	$0.92	$0.64	Beat
Q1 2025	$1.14	$0.90	Beat
Q2 2025	$0.92	$0.83	Beat
Q3 2025	$0.91	$0.80	Beat
Q4 2025	$1.15	$0.84	Beat
Q1 2026	$0.97	$1.01	Miss
Q2 2026	$0.87	$0.78	Beat
Q3 2026	$0.99	$0.99	Match

Peers

Company overview

IPO dateMar 17, 1980

CEOJeffrey K. Schomburger

Employees133,000

SectorConsumer Defensive

IndustryAgricultural Farm Products

CountryUS

ExchangeNew York Stock Exchange

Websitewww.tysonfoods.com

Tyson Foods, Inc. operates as a prominent global food producer, encompassing a broad range of activities across four core divisions: Beef, Pork, Chicken, and Prepared Foods. Within its Beef and Pork segments, the company manages the entire process from live cattle and hogs to their transformation into various meat products. This includes fabricating whole carcasses into primary and secondary cuts, providing case-ready options, and producing fully cooked meats. Its Chicken division is responsible for raising and processing poultry, delivering a spectrum of fresh, frozen, and value-added chicken items, and also supplying breeding stock. Additionally, Tyson markets specialty by-products such as animal hides. The Prepared Foods unit focuses on manufacturing and distributing a diverse portfolio of frozen and refrigerated convenience foods. This extensive lineup features items like ready-to-eat sandwiches, flame-grilled burgers, deli staples such as pepperoni, bacon, and lunchmeats, hot dogs, breakfast sausages, turkey products, tortilla items, appetizers, snacks, complete meals, ethnic dishes, side dishes, breadsticks, and other processed meats. These products are sold under popular brands including Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells, Gallo Salame, as well as its proprietary Tyson and ibp labels. Tyson distributes its extensive product range through various channels globally. Its sales force directly serves grocery retailers, wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processors, chain restaurants and their distributors, live markets, and international export firms. The company also leverages independent brokers and trading companies to reach domestic distributors who cater to a wide array of food service operations, such as institutional cafeterias (e.g., plant and school), convenience stores, hospitals, and other vendors. Founded in 1935, Tyson Foods maintains its corporate headquarters in Springdale, Arkansas.

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