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Tyson Foods, Inc.

TSN Consumer Defensive Farm Products

Tyson Foods, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $54.4 billion, up 2.12% from fiscal 2024.

Revenue
−0.12%
EPS
+194.4%
Free cash flow
−34.3%
Total debt
−11.7%

Quarter to June 2026, against a year earlier

60.28 0.25 +0.42%
Market cap
$20.7B
P/E
36.1×
Fwd P/E
26.6×
Dividend yield
3.38%
F-score
5/9
Altman Z
3.04
Beneish M
−2.64
Dividend safety
47/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2021

  • Beef
  • Chicken
  • Prepared Foods
  • Pork
  • International

Every year since 2009 →

Insider Decisions last twelve months

Bought, $m 1.00
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — 1 — —
Sell — — — — — — — — — — — —
Insider Ownership 22.03%

Capital & Financial Ratios $m

Size
Market Cap 20,730.00
Revenue ttm 55,694.00
Net income ttm 598.00
Free cash flow ttm 1,205.00
Net debt Q 7,266.00
Valuation
P/E 36.10 (above 35: high)
Forward P/E 26.60
Price / sales 0.38
Forward P/S Powerpack
Price / FCF 17.61
Price / book 1.17
Financial health
Current ratio Q 1.43
Debt / equity Q 0.44 (at or below 0.5: strong)
Interest coverage Q 3.69
Growth
Revenue growth Q −0.12% (below 0%: shrinking)
Operating income growth Q +39.23% (above 0%: growing)
EPS, this year −18.86% (below 0%: weak)
EPS, next year A +18.00% (at or above 15%: strong)
Revenue, next year A +3.31%
EPS, past 5 yrs −25.67% (below 0%: weak)
EPS, next 5 yrs A +5.93%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.8×; over the ten years it ranged from 0.4× in 2026 to 1.1× in 2019.
P/E against its own 10 years 89.71%
10-year low 10-year high
P/S against its own 10 years 19.88%
10-year low 10-year high
P/B against its own 10 years 28.46%
10-year low 10-year high
EV/Sales against its own 10 years 12.80%
10-year low 10-year high
EV/FCF against its own 10 years 66.69%
10-year low 10-year high

Dividends raised every year since 2018

Yield
3.38%
Annual rate
2.04
Payout ratio
125.9%
Growth, 2018–26
+6.05%/yr
  1. 1.28 ’18
  2. 1.55 ’19 +21
  3. 1.71 ’20 +10
  4. 1.80 ’21 +5
  5. 1.86 ’22 +4
  6. 1.93 ’23 +4
  7. 1.97 ’24 +2
  8. 2.01 ’25 +2
  9. 2.04 ’26 +1
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 573 1,717 1,229 740
Receivables 2,476 2,406 2,524 2,457
Inventory 5,328 5,195 5,681 5,840
Other 345 433 482 425
8,722 9,751 9,916 9,462
2023 2024 2025 Q'26
Payables 2,594 2,402 2,601 2,761
ST’ Debt 1,895 74 909 1,427
Other 2,010 2,311 2,879 2,413
6,499 4,787 6,389 6,601

Compound Annual Growth %

10y 5y 3y
Sales 2.78% 4.74% 0.72%
Cash Flow (1.75%) (11.07%) (7.09%)
Earnings (9.02%) (25.47%) (47.30%)
Book Value 6.50% 3.45% (2.74%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.03 Actual 0.99

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.85 1.15 Beat by 0.30
Q1 FY26 1.01 0.97 Miss by 0.04
Q2 FY26 0.76 0.87 Beat by 0.11
Q3 FY26 1.03 0.99 Miss by 0.04
Q4 FY26 0.65 — Reports 16 November 2026

EPS $

Dec Mar Jun Sep Year
’26 0.24 0.73 0.52 — —
’25 1.01 0.02 0.17 0.13 1.33
’24 0.30 0.41 0.54 1.00 2.25
’23 0.88 (0.28) (1.18) (1.31) (1.87)
’22 3.07 2.28 2.07 1.50 8.92
’21 1.28 1.30 2.05 3.71 8.34
’20 1.52 1.00 1.44 1.90 5.86
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 14,313 13,653 13,868 — —
’25 13,623 13,074 13,884 13,860 54,441
’24 13,319 13,072 13,353 13,565 53,309
’23 13,260 13,133 13,140 13,348 52,881
’22 12,933 13,117 13,495 13,737 53,282
’21 10,460 11,300 12,478 12,811 47,049
’20 10,815 10,888 10,022 11,460 43,185
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 942 (113) 640 — —
’25 1,031 (185) 774 535 2,155
’24 1,300 (123) 796 617 2,590
’23 762 7 660 323 1,752
’22 1,432 (208) 666 797 2,687
’21 1,385 (36) 1,307 1,184 3,840
’20 894 366 1,448 1,166 3,874
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 690 (258) 525 — —
’25 760 (378) 799 248 1,429
’24 946 (390) 533 369 1,458
’23 173 (501) 193 (52) (187)
’22 1,024 (647) 190 233 800
’21 1,096 (304) 1,005 834 2,631
’20 582 54 1,165 874 2,675
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 12.6% a year for ten years. It grew −3.2% a year over the last ten.

Implied
12.6%
10 years, reported
−3.2%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 36,881 38,260 40,052 42,405 43,185 47,049 53,282 52,881 53,309 54,441 55,694 +4.4% 56,241 55,444 56,101 +1.0%
Gross margin, % 12.74 13.23 12.72 11.84 12.47 13.87 12.51 4.98 6.80 6.54 6.14 (6.2) pt
EBT 2,598 2,628 2,682 2,374 2,664 4,041 4,149 (678) 1,092 769 820 (12.7%)
EBT margin, % 7.04 6.87 6.70 5.60 6.17 8.59 7.79 (1.28) 2.05 1.41 1.47 (5.6) pt
Net income 1,772 1,778 2,973 1,993 2,071 3,060 3,249 (649) 822 507 598 (13.0%)
Per share, $
Per share, $ Revenue 95.79 104.54 109.73 116.82 118.97 129.61 148.01 149.38 150.59 153.35 158.22 +5.4%
Earnings 4.67 4.94 8.44 5.67 6.02 8.57 8.99 (1.87) 2.25 1.37 1.67 (12.7%)
Cash flow 7.05 7.10 8.12 6.92 10.67 10.58 7.46 4.95 7.32 6.07 5.69 (1.7%)
Capex (1.81) (2.92) (3.29) (3.47) (3.30) (3.33) (5.24) (5.48) (3.20) (2.05) (2.27) +1.4%
Free cash flow 5.25 4.18 4.83 3.45 7.37 7.25 2.22 (0.53) 4.12 4.03 3.42 (2.9%)
Book value 25.00 28.85 35.10 38.83 42.39 49.18 55.03 51.57 52.30 51.34 51.66 +8.3%
Shares, m 385 366 365 363 363 363 360 354 354 355 353 (0.9%)
Valuation, ×
Valuation, × P/E 16.13 14.49 6.97 15.19 9.88 9.21 7.21 0.00 26.12 39.64 36.10 14.5
P/S 0.78 0.68 0.54 0.74 0.50 0.61 0.45 0.33 0.40 0.35 0.38 0.5
P/B 2.99 2.46 1.68 2.22 1.40 1.61 1.20 0.95 1.14 1.06 1.17 1.7
EV/Sales 0.94 0.94 0.78 1.01 0.73 0.75 0.58 0.50 0.55 0.49 0.51 0.7
EV/FCF 17.16 23.44 17.63 34.06 11.78 13.49 38.78 (140.98) 20.00 18.81 23.64 5.4
Cash, $m
Cash, $m Operating cash flow 2,716 2,599 2,963 2,513 3,874 3,840 2,687 1,752 2,590 2,155 2,004 (2.5%)
Capex (695) (1,069) (1,200) (1,259) (1,199) (1,209) (1,887) (1,939) (1,132) (726) (799) +0.5%
Free cash flow 2,021 1,530 1,763 1,254 2,675 2,631 800 (187) 1,458 1,429 1,205 (3.8%)
Balance, $m
Balance, $m Working capital 2,126 2,226 657 1,477 3,364 3,497 4,317 2,223 4,964 3,527 2,861 +5.8%
Net debt 5,930 9,885 9,603 11,448 9,919 6,841 7,290 8,933 8,070 7,601 7,266 +2.8%
Shareholders’ equity 9,624 10,559 12,811 14,094 15,386 17,854 19,811 18,255 18,514 18,227 18,185 +7.4%
Returns, %
Returns, % ROA 7.80 7.03 10.39 6.38 6.12 8.61 8.86 (1.77) 2.18 1.29 1.59 (6.5) pt
ROIC 11.38 8.93 8.28 6.78 7.43 11.13 10.17 (0.91) 3.31 2.66 3.09 (8.7) pt
ROE 18.29 17.58 25.42 14.72 13.98 18.33 17.19 (3.40) 4.35 2.58 3.13 (15.7) pt
People
People Employees 114,000 122,000 121,000 141,000 139,000 137,000 142,000 139,000 138,000 133,000 — +1.7%
Revenue/emp, $m 0.32 0.31 0.33 0.30 0.31 0.34 0.38 0.38 0.39 0.41 — +2.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Business profile

Updated

Tyson Foods is a food company that produces and markets protein and refrigerated or frozen prepared foods. It is headquartered in Springdale and was founded in 1935. Its operations are organized around Beef, Pork, Chicken and Prepared Foods, with international operations and other corporate activities reported separately.

The company turns live cattle, hogs and chickens, as well as commodity ingredients, into food for retail and foodservice customers. Beef and Pork process animals into meat cuts, case-ready products, fully cooked meats and specialty products such as hides and variety meats. Chicken raises and processes chickens and sells fresh, frozen and value-added products, including breaded strips, nuggets, patties and ready-to-cook or fully cooked chicken. Prepared Foods makes refrigerated and frozen branded products including breakfast sausage, bacon, lunchmeat, hot dogs, sandwiches, snacks, prepared meals, appetizers and tortillas.

Where the money comes from and where it goes Fiscal 2021

Fiscal 2021: revenue by segment, and margins
Beef 17,999 38.26%
Chicken 13,733 29.19%
Prepared Foods 8,853 18.82%
Pork 6,277 13.34%
International 1,990 4.23%
Gross margin 13.87%
Operating margin 9.34%
Pre-tax margin 8.59%

Revenue by segment since 2009

Tyson Foods, Inc. vs peers in Farm Products (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ADM Archer Daniels Midland Company $33.5B 13.7× 14.2× +9.64% (above 0%: growing) +675.73% (above 0%: growing) −91.44% (below 0%: shrinking) 8.44% 4.21% Compare
TSN Tyson Foods, Inc. $20.7B 36.1× 26.6× −0.12% (below 0%: shrinking) +194.44% (above 0%: growing) −34.29% (below 0%: shrinking) 6.64% 2.61%
BG Bunge Global SA $18.9B 16.5× 10.5× +7.44% (above 0%: growing) +95.24% (above 0%: growing) −280.79% (below 0%: shrinking) 5.60% 2.79% Compare
CALM Cal-Maine Foods, Inc. $3.1B 55.2× — (loss-making) −41.51% (below 0%: shrinking) n/m −154.84% (below 0%: shrinking) 0.07% (15.23%) Compare
AGRO Adecoagro S.A. $1.3B 27.7× 2.6× +38.98% (above 0%: growing) n/m −5.56% (below 0%: shrinking) 32.92% 17.32% Compare
DOLE Dole PLC $1.3B 22.2× 10.9× +2.92% (above 0%: growing) +170.00% (above 0%: growing) −218.11% (below 0%: shrinking) 7.81% 1.90% Compare
DMC Del Monte Corporation $1.3B 16.0× 17.5× +7.18% (above 0%: growing) n/m −194.80% (below 0%: shrinking) 9.37% 2.66% Compare
VITL Vital Farms, Inc. $408.8M — (loss-making) — (loss-making) −8.43% (below 0%: shrinking) n/m −123.64% (below 0%: shrinking) 23.13% (4.22%) Compare
VFF Village Farms International, Inc. $341.2M 14.7× 13.4× +6.81% (above 0%: growing) −75.00% (below 0%: shrinking) −87.98% (below 0%: shrinking) 46.85% 17.45% Compare
Median of peers $1.3B 16.5× 12.2× +7.00% +132.62% −139.24% 8.91% 2.73%

All 22 Farm Products stocks →

From the latest earnings call

Updated

  • Donnie King said Tyson’s chicken business relies primarily on committed strategic-customer demand, branded products and value-added offerings rather than spot-market commodity sales.
  • Curt Calaway said Tyson narrowed fiscal 2026 adjusted operating-income guidance to $2.1 billion to $2.3 billion, citing cattle-availability challenges in Beef.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 73.28%
Held by the ten largest 39.26%
Holder Shares Stake Change
Vanguard 36.99m 10.52% +279.71k
BlackRock 26.22m 7.45% +1.33m
PZENA INVESTMENT MANAGEMENT LLC 16.82m 4.78% −338.53k
State Street 14.66m 4.17% +342.19k
Davis Selected Advisers 12.65m 3.60% −436.97k
AQR Capital Management 8.15m 2.32% −1.80m
Geode Capital Management 7.72m 2.20% +103.92k
Invesco 5.53m 1.57% −660.20k
Northern Trust 4.81m 1.37% −325.28k
Norges Bank 4.57m 1.30% +4.57m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 17 December 2025

Ownership

Directors and executive officers, together 2.11%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Tyson Foods, Inc. (TSN) Latest News

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25 Sep

Impact 4 · · Insider Monkey
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21 Sep

Impact 4 · · Zacks

4 Sep

Impact 4 ·
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Impact 4 · · The Daily Upside
Impact 3 ·

3 Sep

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2 Sep

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1 Sep

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28 Aug

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TSN metrics, ten years each

stockrow.com/TSN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com