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. In the quarter to June 2026, revenue was flat, EPS grew 194.4%, free cash flow fell 34.3% and total debt fell 11.7%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for three; insiders bought in the last twelve months.
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Tyson Foods, Inc. (TSN) Altman Z-score
Tyson Foods, Inc.'s Altman Z-score for fiscal 2025 is 3.04, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 3.04 | (0.08) |
| FY2024 | 3.12 | 0.30 |
| FY2023 | 2.82 | (0.77) |
| FY2022 | 3.58 | 0.17 |
| FY2021 | 3.42 | 0.47 |
| FY2020 | 2.95 | (0.25) |
| FY2019 | 3.20 | 0.06 |
| FY2018 | 3.13 | (0.04) |
| FY2017 | 3.17 | (0.88) |
| FY2016 | 4.06 | 0.64 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.10 | — | 0.12 | |
| Retained earnings / total assets | 0.51 | — | 0.71 | |
| EBIT / total assets | 0.03 | — | 0.10 | |
| Market value of equity / total liabilities | 1.05 | — | 0.63 | |
| Sales / total assets | 1.49 | — | 1.49 | |
| Altman Z-score | Safe zone | 3.04 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.53 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| VITL Vital Farms, Inc. compare | 7.9× |
| CALM Cal-Maine Foods, Inc. compare | 7.7× |
| DMC Del Monte Corporation compare | 3.5× |
| TSN Tyson Foods, Inc. | 3.0× |
| ADM Archer Daniels Midland Company compare | 2.9× |
| DOLE Dole PLC compare | 2.8× |
| BG Bunge Global SA compare | 2.7× |
| AGRO Adecoagro S.A. compare | 0.7× |
| IBA Industrias Bachoco, S.A. de C.V. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on TSN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement