Smithfield Foods, Inc. (SFD) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.6	$0.62	+3.3%	—	$3.7B	—
Q1 26	$0.59	$0.64	+8.5%	—	$3.8B	—
Q4 25	$0.67	$0.83	+23.9%	—	$4.2B	—
Q3 25	$0.5	$0.58	+16.0%	—	$3.7B	—
Q2 25	$0.55	$0.55	0.0%	—	$3.8B	—
Q1 25	$0.47	$0.58	+23.4%	—	$3.8B	—
Q4 24	$0.53	$0.52	-1.9%	—	$4B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.52	—	—	$15.5B	—
FY24	—	$2.42	—	—	$14.1B	—
FY23	—	$0.04	—	—	$14.6B	—
FY22	—	$2.21	—	—	$16.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY11	FY12	FY13	FY14	FY15	FY21	FY22	FY23	FY24	FY25
Revenue	$12.2B	$13.1B	$13.2B	$15B	$14.4B	$15B	$16.2B	$14.6B	$14.1B	$15.5B
YoY change	+8.93%	+7.31%	+0.97%	+13.7%	-3.94%	—	+7.93%	-9.62%	-3.4%	+9.82%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY11	FY12	FY13	FY14	FY15	FY21	FY22	FY23	FY24	FY25
Revenue	12.2B	13.1B	13.2B	15B	14.4B	15B	16.2B	14.6B	14.1B	15.5B
Cost of revenue	10.5B	11.5B	11.9B	13.3B	12.7B	13.4B	14.7B	13.8B	12.2B	13.4B
Gross profit	1.7B	1.5B	1.3B	1.8B	1.8B	1.6B	1.5B	889M	1.9B	2.1B
Gross margin	14%	11.8%	9.98%	11.8%	12.2%	10.5%	9.23%	6.07%	13.4%	13.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	789.8M	816.9M	815.4M	902.2M	973.3M	1.1B	807M	1.1B	840M	849M
Operating expenses	669.2M	816.9M	815.4M	902.2M	973.3M	1.1B	801M	1B	832M	797M
Operating income	924.3M	732.5M	504.3M	873.4M	782.1M	488M	694M	-150M	1.1B	1.3B
Operating margin	7.57%	5.59%	3.81%	5.81%	5.42%	3.25%	4.28%	-1.02%	7.53%	8.32%
Non-operating income, net	78.2M	-22.1M	-105.7M	59.1M	-400K	62M	440M	98M	61M	18M
Pretax income	757.1M	533.7M	229.9M	773.1M	647.9M	458M	1B	-129M	1.1B	1.3B
Income tax	236.1M	172.4M	46.1M	217M	195.6M	97M	231M	-41M	271M	283M
Net income	521M	361.3M	183.8M	556.1M	452.3M	474M	881M	22M	969M	998M
Net margin	4.27%	2.76%	1.39%	3.7%	3.13%	3.16%	5.44%	0.15%	6.85%	6.43%
EBITDA	1.2B	965.4M	759.2M	1.2B	1B	849M	1.1B	280M	1.4B	1.6B
EPS	3.14	2.23	1.26	556.1K	452.3K	1.2	2.21	0.04	2.42	2.52
Diluted EPS	3.12	2.21	1.26	556.1K	452.3K	1.2	2.21	0.04	2.42	2.51

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 16	Q3 16	Q4 23	Q1 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.5B	3.5B	4B	3.4B	3.3B	4B	3.8B	3.8B	3.7B	4.2B	3.8B	3.7B
Cost of revenue	3B	3.1B	3.7B	3.1B	2.9B	3.4B	3.3B	3.3B	3.3B	3.6B	3.3B	3.2B
Gross profit	457M	472.5M	285M	362M	475M	533M	510M	499M	479M	602M	511M	479M
Gross margin	13.1%	13.4%	7.13%	10.5%	14.2%	13.5%	13.5%	13.2%	12.8%	14.2%	13.4%	12.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	227.8M	233.8M	407M	199M	201M	246M	197M	268M	178M	206M	180M	191M
Operating expenses	227.8M	233.8M	403M	198M	199M	241M	196M	267M	172M	161M	180M	190M
Operating income	229.2M	238.7M	-118M	164M	276M	292M	314M	232M	307M	441M	331M	289M
Operating margin	6.56%	6.75%	-2.95%	4.76%	8.28%	7.39%	8.33%	6.13%	8.19%	10.4%	8.71%	7.81%
Non-operating income, net	7.9M	7.6M	9M	4M	15M	38M	2M	33M	22M	-39M	—	20M
Pretax income	204.3M	214.3M	-127M	152M	276M	316M	304M	254M	318M	394M	323M	299M
Income tax	66.5M	70.5M	-41M	39M	69M	106M	72M	62M	71M	78M	72M	64M
Net income	137.8M	143.8M	-87M	154M	300M	209M	227M	188M	252M	331M	249M	239M
Net margin	3.95%	4.06%	-2.18%	4.47%	9%	5.29%	6.02%	4.97%	6.73%	7.83%	6.55%	6.46%
EBITDA	289.5M	300.3M	19M	250M	383M	373M	390M	310M	392M	486M	413M	376M
EPS	137.8K	143.8K	—	0.4	—	—	0.57	0.48	0.63	—	0.63	0.61
Diluted EPS	137.8K	143.8K	—	0.4	—	—	0.57	0.48	0.63	—	0.62	0.6

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY11	FY12	FY13	FY14	FY15	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	—	—	—	—	—	8.8B	7.5B
Enterprise value	—	—	—	—	—	—	—	—	—	9.6B	8.9B
Shares outstanding	166M	162.3M	145.5M	393.1M	393.1M	393.1M	393.1M	393.1M	393.1M	392M	392M

Valuation

Metric	FY11	FY12	FY13	FY14	FY15	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	—	—	—	—	8.77	7.08
P/S	—	—	—	—	—	—	—	—	—	0.56	0.48
P/B	—	—	—	—	—	—	—	—	—	1.24	1.07
EV/EBITDA	—	—	—	—	—	—	—	—	—	5.85	5.24
EV/Sales	—	—	—	—	—	—	—	—	—	0.62	0.57
Earnings yield	—	—	—	—	—	—	—	—	—	11.4%	14.1%
FCF yield	—	—	—	—	—	—	—	—	—	8.2%	7.01%
PEG	—	—	—	—	—	—	—	—	—	—	0.26

Profitability

Metric	FY11	FY12	FY13	FY14	FY15	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	14%	11.8%	9.98%	11.8%	12.2%	10.5%	9.23%	6.07%	13.4%	13.5%	12.9%
Operating margin	7.57%	5.59%	3.81%	5.81%	5.42%	3.25%	4.28%	-1.02%	7.53%	8.32%	8.4%
Net margin	4.27%	2.76%	1.39%	3.7%	3.13%	3.16%	5.44%	0.15%	6.85%	6.43%	6.84%
ROE	14.7%	10.7%	5.91%	12.1%	9.28%	—	11.6%	0.29%	16%	14.1%	15.5%
ROA	6.84%	4.87%	2.38%	5.49%	4.57%	—	6.36%	0.17%	8.77%	8.2%	7.31%
ROIC	12%	9.86%	7.6%	9.13%	8.45%	—	5.7%	-1.62%	10.6%	12.7%	12.9%
Return on tangible assets	9.92%	7.05%	3.42%	13.5%	11.5%	—	10.9%	0.29%	18.3%	15.6%	17.1%

Financial health

Metric	FY11	FY12	FY13	FY14	FY15	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.72	2.9	2.03	2.55	2.42	—	2.14	2.01	2.46	2.97	2.56
Quick ratio	1.07	1.08	0.69	1.05	1.06	—	1.01	0.97	1.05	1.63	1.34
Debt / equity	0.6	0.58	0.81	0.59	0.47	—	0.33	0.33	0.39	0.34	0.33
Debt / assets	0.28	0.26	0.32	0.27	0.23	—	0.18	0.18	0.21	0.2	0.2
Net debt / EBITDA	1.45	1.7	2.89	1.97	1.54	—	1.69	6.34	1	0.52	0.63
Interest coverage	4.09	4.02	2.36	5.85	5.84	5.92	13	-0.7	17.1	32	39.1
Effective tax rate	31.2%	32.3%	20.1%	28.1%	30.2%	21.2%	22.1%	0%	25.5%	22.3%	21.4%

Per share

Metric	FY11	FY12	FY13	FY14	FY15	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	73.5	80.7	90.9	38.2	36.7	38.2	41.2	37.2	36	39.6	39.3
EPS (basic)	3.14	2.23	1.26	556.1K	452.3K	1.2	2.21	0.04	2.42	2.52	2.52
EPS (diluted)	3.12	2.21	1.26	556.1K	452.3K	1.2	2.21	0.04	2.42	2.51	2.69
Book value per share	21.4	20.9	21.4	11.7	12.4	—	19.3	19	15.4	18	17.8
FCF per share	2.65	1.72	-0.72	1.3	1.08	1.47	0.46	1.73	2	1.83	2.04
Cash per share	2.26	2	2.13	1.1	1.79	—	1.39	1.75	2.4	3.93	3.43
Capex per share	0.14	0.04	0.12	0.01	0.02	0.02	0.02	0.56	0.25	0.87	0.88

Capital allocation

Metric	FY11	FY12	FY13	FY14	FY15	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.19%	0.05%	0.13%	0.03%	0.04%	0.04%	0.05%	1.5%	0.7%	2.2%	2.25%
Capex / operating cash flow	2.98%	0.92%	24.5%	0.41%	0.76%	0.86%	0.81%	37.9%	7.66%	32.2%	30.1%
Payout ratio	—	—	0%	0%	6.63%	40.5%	56.3%	1.5K%	29.7%	39.7%	41.8%
Dividend yield	—	—	—	—	—	—	—	—	—	4.52%	6.52%

Yield

6.52%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.3125

ex-dividend Aug 13, 2026

Payout ratio

42%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 13, 2026	$0.3125
May 14, 2026	$0.3125
Apr 7, 2026	$0.3125
Nov 13, 2025	$0.25
Aug 14, 2025	$0.25
May 15, 2025	$0.25
Apr 10, 2025	$0.25

Period	Q2 16	Q3 16	Q4 23	Q1 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.5B	$3.5B	$4B	$3.4B	$3.3B	$4B	$3.8B	$3.8B	$3.7B	$4.2B	$3.8B	$3.7B
YoY change	+0.17%	+3.89%	—	—	—	-1.15%	+9.49%	—	+12.4%	+6.96%	+0.77%	-2.27%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY10	FY11	FY12	FY13	FY14	FY15	FY22	FY23	FY24	FY25
Cash & short-term investments	451.2M	374.7M	324.3M	310.6M	433.5M	704.9M	547M	687M	943M	1.5B
Receivables	621.5M	709.6M	624.7M	663.2M	864M	760M	756M	577M	558M	1B
Inventory	1.9B	2B	2.1B	2.3B	2.2B	2.1B	2.9B	2.5B	2.4B	2.3B
Total current assets	3.3B	3.3B	3.3B	3.6B	3.7B	3.7B	5.5B	4.9B	4.2B	5.2B
Property, plant & equipment	677.5M	591.3M	586.6M	509.8M	1.9B	1.9B	2.3B	2.2B	2B	2B
Goodwill & intangibles	2.4B	2.4B	2.3B	2.3B	6B	6B	5.8B	5.8B	5.8B	5.8B
Total assets	7.7B	7.6B	7.4B	7.7B	10.1B	9.9B	13.8B	13.3B	11.1B	12.2B
Accounts payable	383.8M	434.4M	415.8M	429.1M	675.1M	686.1M	1B	789M	777M	856M
Short-term debt	89.7M	143.7M	63.5M	676.1M	48.1M	30.3M	81M	132M	73M	74M
Total current liabilities	1.2B	1.2B	1.1B	1.7B	1.5B	1.5B	2.6B	2.5B	1.7B	1.7B
Long-term debt	2.9B	2B	1.9B	1.8B	2.7B	2.3B	2.4B	2.3B	2.3B	2.3B
Total liabilities	4.9B	4.1B	4B	4.6B	5.5B	5B	6.3B	5.8B	5B	5.1B
Shareholders' equity	2.8B	3.5B	3.4B	3.1B	4.6B	4.9B	7.6B	7.5B	6.1B	7.1B
Total debt	3B	2.1B	2B	2.5B	2.7B	2.3B	2.5B	2.5B	2.4B	2.4B
Net debt	2.6B	1.7B	1.6B	2.2B	2.3B	1.6B	1.9B	1.8B	1.4B	857M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 16	Q2 16	Q3 16	Q4 23	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	260.6M	119.3M	277.6M	687M	278M	943M	928M	928M	773M	1.5B	1.4B	1.4B
Receivables	746M	828.8M	851.7M	577M	540M	558M	—	—	—	1B	—	—
Inventory	2.2B	2.2B	2.3B	2.5B	2.7B	2.4B	2.4B	2.3B	2.5B	2.3B	2.3B	2.4B
Total current assets	3.3B	3.3B	3.6B	4.9B	3.7B	4.2B	4.3B	4.3B	4.6B	5.2B	5B	5B
Property, plant & equipment	—	—	—	2.2B	3.6B	2B	3.5B	3.6B	3.6B	2B	3.6B	3.6B
Goodwill & intangibles	6B	6B	6B	5.8B	5.8B	5.8B	5.8B	5.8B	5.8B	5.8B	5.8B	5.8B
Total assets	9.5B	9.5B	9.8B	13.3B	10.7B	11.1B	11.1B	11.2B	11.5B	12.2B	12B	12B
Accounts payable	379.5M	379.1M	519.6M	789M	566M	777M	447M	444M	597M	856M	489M	461M
Short-term debt	49.7M	517.2M	768.9M	132M	66M	73M	58M	71M	72M	74M	675M	675M
Total current liabilities	1.2B	1.7B	2.1B	2.5B	1.5B	1.7B	1.4B	1.3B	1.5B	1.7B	2.1B	2B
Long-term debt	2.3B	1.8B	1.6B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	1.7B	1.7B
Total liabilities	4.5B	4.6B	4.8B	5.8B	4.8B	5B	4.7B	4.6B	4.8B	5.1B	4.8B	4.7B
Shareholders' equity	5B	4.8B	5B	7.5B	5.9B	6.1B	6.5B	6.5B	6.7B	7.1B	7.2B	7.3B
Total debt	2.3B	2.3B	2.3B	2.5B	2.4B	2.4B	2.3B	2.4B	2.4B	2.4B	2.4B	2.4B
Net debt	2.1B	2.2B	2B	1.8B	2.1B	1.4B	1.4B	1.5B	1.6B	857M	1B	1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY11	FY12	FY13	FY14	FY15	FY21	FY22	FY23	FY24	FY25
Net income	521M	361.3M	183.8M	556.1M	452.3M	389M	811M	-133M	798M	998M
Depreciation & amortization	231.9M	242.8M	239.9M	230.8M	234.1M	331M	440M	427M	339M	332M
Stock-based compensation	—	—	—	—	—	—	—	—	—	9M
Change in working capital	-146.3M	4.1M	-349.4M	69M	93.7M	-53M	-261M	413M	64M	-270M
Operating cash flow	764.8M	698.4M	69M	917.9M	844M	699M	991M	578M	1.3B	1.1B
Capital expenditure	22.8M	6.4M	16.9M	3.8M	6.4M	6M	8M	219M	99M	-341M
Investing cash flow	431.1M	4.1M	-25.7M	9.7M	300.2M	3M	590M	132M	52M	-323M
Dividends paid	—	—	0	0	-30M	-192M	-496M	-323M	-288M	-396M
Share repurchases	0	-189.5M	-386.4M	0	0	—	—	—	—	—
Financing cash flow	-924M	-328.7M	115.7M	-126.7M	-440.1M	-434M	-567M	-353M	-321M	-164M
Net change in cash	271.9M	373.8M	159M	800.9M	704.1M	268M	1B	357M	1B	572M
Free cash flow	439.6M	279.4M	-105.3M	511.7M	422.6M	579M	179M	681M	787M	718M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 16	Q3 16	Q4 23	Q1 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	137.8M	143.8M	-131M	112M	209M	217M	227M	188M	252M	331M	249M	240M
Depreciation & amortization	60.3M	61.6M	131M	82M	88M	86M	83M	82M	83M	84M	83M	86M
Stock-based compensation	—	2M	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	224M	-414M	-62M	558M	-477M	4M	-321M	811M	-398M	-56M
Operating cash flow	198.1M	207.4M	224M	-219M	235M	861M	-166M	274M	13M	938M	-65M	269M
Capital expenditure	—	—	3M	—	—	91M	—	-79M	-88M	-95M	-88M	-77M
Investing cash flow	-8.8M	-9.2M	4M	-27M	2M	89M	-6M	-86M	-64M	-78M	-80M	-70M
Dividends paid	-262.5M	-39.8M	-61M	-88M	-88M	-18M	0	-197M	-100M	-99M	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-207.4M	-36.5M	-83M	-109M	-88M	-31M	236M	-198M	-101M	-100M	-5M	0
Net change in cash	-18.1M	161.7M	145M	-355M	149M	919M	64M	-10M	-152M	760M	-150M	199M
Free cash flow	125.9M	203.5M	735M	-268M	197M	601M	-245M	195M	-75M	843M	-153M	192M

Smithfield Foods, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement