Tyson Foods, Inc. Class A Common Stock (TSN) 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 %
Q4 26	$0.99	$0.99	0.0%	—	—	—
Q3 26	$0.94	$0.97	+3.2%	—	—	—
Q2 26	$0.83	$1.15	+38.6%	—	—	—
Q1 26	$0.78	$0.91	+16.7%	—	—	—
Q4 25	$0.82	$0.92	+12.2%	—	—	—
Q3 25	$0.88	$1.14	+29.5%	—	—	—
Q2 25	$0.69	$0.92	+33.3%	—	—	—
Q1 25	$0.67	$0.87	+29.9%	—	—	—
Q4 24	$0.4	$0.62	+55.0%	—	—	—
Q3 24	$0.42	$0.69	+64.3%	—	—	—
Q2 24	$0.25	$0.37	+48.0%	—	—	—
Q1 24	$0.26	$0.15	-42.3%	—	—	—
Q4 23	$0.8	-$0.04	-105.0%	—	—	—
Q3 23	$1.37	$0.85	-38.0%	—	—	—
Q2 23	$1.72	$1.63	-5.2%	—	—	—
Q1 23	$1.97	$1.94	-1.5%	—	—	—

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	—	$1.37	—	—	$54.4B	—
FY24	—	$2.31	—	—	$53.3B	—
FY23	—	-$1.87	—	—	$52.9B	—
FY22	—	$9.18	—	—	$53.3B

Total revenue

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

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$36.9B	$38.3B	$40.1B	$42.4B	$43.2B	$47B	$53.3B	$52.9B	$53.3B	$54.4B
YoY change	-10.9%	+3.74%	+4.68%	+5.87%	+1.84%	+8.95%	+13.2%	-0.75%	+0.81%	+2.12%

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	36.9B	38.3B	40.1B	42.4B	43.2B	47B	53.3B	52.9B	53.3B	54.4B
Cost of revenue	32.2B	33.2B	35B	37.4B	37.8B	40.5B	46.6B	50.3B	49.7B	50.9B
Gross profit	4.7B	5.1B	5.1B	5B	5.4B	6.5B	6.7B	2.6B	3.6B	3.6B
Gross margin	12.7%	13.2%	12.7%	11.8%	12.5%	13.9%	12.5%	4.98%	6.8%	6.54%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.9B	2.1B	2.1B	2.3B	2.4B	2.1B	2.3B	2.2B	2.2B	2.1B
Operating expenses	1.9B	2.1B	2.1B	2.3B	2.4B	2.1B	2.3B	2.2B	2.2B	2.1B
Operating income	2.8B	2.9B	3B	2.8B	3B	4.4B	4.4B	386M	1.4B	1.4B
Operating margin	7.68%	7.63%	7.41%	6.53%	6.97%	9.34%	8.28%	0.73%	2.64%	2.65%
Non-operating income, net	8M	-21M	56M	55M	131M	65M	87M	-739M	75M	-296M
Pretax income	2.6B	2.6B	2.7B	2.4B	2.7B	4B	4.1B	-678M	1.1B	769M
Income tax	826M	850M	-291M	381M	593M	981M	900M	-29M	270M	262M
Net income	1.8B	1.8B	3B	2B	2.1B	3.1B	3.2B	-649M	822M	507M
Net margin	4.8%	4.65%	7.42%	4.7%	4.8%	6.5%	6.1%	-1.23%	1.54%	0.93%
EBITDA	3.6B	3.7B	4B	3.9B	4.3B	5.7B	5.7B	1.8B	3B	2.9B
EPS	4.67	4.94	8.44	5.67	6.02	8.57	9.18	-1.87	2.31	1.37
Diluted EPS	4.53	4.79	8.19	5.52	5.86	8.34	8.92	-1.87	2.25	1.33

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	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	13.3B	13.3B	13.1B	13.4B	13.6B	13.6B	13.1B	13.9B	13.9B	14.3B	13.7B	13.9B
Cost of revenue	12.9B	12.5B	12.2B	12.5B	12.5B	12.5B	12.5B	12.7B	13.1B	13.5B	12.7B	12.9B
Gross profit	459M	823M	866M	878M	1.1B	1.1B	600M	1.1B	726M	808M	962M	921M
Gross margin	3.44%	6.18%	6.62%	6.58%	7.81%	8.04%	4.59%	8.22%	5.24%	5.65%	7.05%	6.64%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	589M	592M	554M	537M	535M	515M	500M	538M	568M	506M	527M	559M
Operating expenses	589M	592M	554M	537M	535M	515M	500M	538M	568M	506M	527M	559M
Operating income	-130M	231M	312M	341M	525M	580M	100M	603M	158M	302M	435M	362M
Operating margin	-0.97%	1.73%	2.39%	2.55%	3.87%	4.26%	0.76%	4.34%	1.14%	2.11%	3.19%	2.61%
Non-operating income, net	-341M	25M	-12M	11M	51M	-7M	23M	-312M	0	-84M	13M	-4M
Pretax income	-556M	161M	203M	253M	475M	478M	30M	193M	68M	127M	359M	266M
Income tax	-113M	47M	55M	57M	111M	112M	16M	124M	10M	37M	95M	80M
Net income	-443M	114M	148M	196M	364M	366M	14M	69M	58M	90M	264M	186M
Net margin	-3.32%	0.86%	1.13%	1.47%	2.68%	2.69%	0.11%	0.5%	0.42%	0.63%	1.93%	1.34%
EBITDA	266M	639M	663M	748M	923M	946M	492M	967M	506M	607M	806M	721M
EPS	—	0.31	0.42	0.55	1.03	1.03	0.02	0.18	0.14	0.25	0.75	0.53
Diluted EPS	—	0.3	0.41	0.54	1	1.01	0.02	0.17	0.13	0.24	0.73	0.52

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	28.7B	25.8B	21.7B	31.3B	21.6B	28.7B	23.7B	17.9B	20.6B	18.8B	17.9B
Enterprise value	34.7B	35.7B	31.3B	42.7B	31.5B	35.5B	31B	26.8B	28.7B	26.4B	25.3B
Shares outstanding	385M	366M	365M	363M	363M	363M	360M	354M	346.3M	346M	346M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	16.2	14.5	7.31	15.7	10.4	9.36	7.31	—	25.1	37.1	31.6
P/S	0.78	0.67	0.54	0.74	0.5	0.61	0.45	0.34	0.39	0.35	0.32
P/B	2.99	2.44	1.7	2.22	1.4	1.6	1.2	0.98	1.11	1.03	1
EV/EBITDA	9.76	9.72	7.88	10.9	7.26	6.25	5.43	14.9	9.65	9.03	9.12
EV/Sales	0.94	0.93	0.78	1.01	0.73	0.75	0.58	0.51	0.54	0.48	0.45
Earnings yield	6.16%	6.9%	13.7%	6.37%	9.59%	10.7%	13.7%	—	3.99%	2.7%	3.17%
FCF yield	7.03%	5.93%	8.11%	4.01%	12.4%	9.18%	3.37%	-1.05%	7.07%	6.26%	6.65%
PEG	—	—	—	—	—	—	—	—	—	—	0.16

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	12.7%	13.2%	12.7%	11.8%	12.5%	13.9%	12.5%	4.98%	6.8%	6.54%	6.64%
Operating margin	7.68%	7.63%	7.41%	6.53%	6.97%	9.34%	8.28%	0.73%	2.64%	2.65%	2.71%
Net margin	4.8%	4.65%	7.42%	4.7%	4.8%	6.5%	6.1%	-1.23%	1.54%	0.93%	1.03%
ROE	18.4%	16.8%	23.2%	14.1%	13.5%	17.1%	16.4%	-3.56%	4.44%	2.78%	3.26%
ROA	7.92%	6.34%	10.2%	6.05%	6.01%	8.43%	8.82%	-1.79%	2.22%	1.38%	2.56%
ROIC	12.4%	9.67%	13.2%	9.1%	9.24%	13.5%	12.7%	1.42%	3.99%	3.68%	3.6%
Return on tangible assets	-156.4%	-58%	-76.5%	-70.1%	-232.7%	140.8%	98.7%	-15.1%	14.4%	7.83%	10.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.77	1.55	1.13	1.27	1.79	1.55	1.81	1.34	2.04	1.55	1.43
Quick ratio	0.78	0.75	0.43	0.56	0.88	0.86	0.77	0.52	0.95	0.66	0.55
Debt / equity	0.65	0.97	0.77	0.85	0.74	0.52	0.42	0.52	0.53	0.48	0.44
Debt / assets	0.28	0.36	0.34	0.36	0.33	0.26	0.23	0.26	0.26	0.24	0.22
Net debt / EBITDA	1.67	2.69	2.42	2.91	2.28	1.2	1.28	4.97	2.71	2.6	2.75
Interest coverage	11.4	10.4	8.66	6.14	6.49	10.4	12.4	-0.91	3.27	2.71	3.02
Effective tax rate	31.8%	32.3%	0%	16%	22.3%	24.3%	21.7%	0%	24.7%	34.1%	27.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	95.8	104.5	109.7	116.8	119	129.6	148	149.4	153.9	157.4	157
EPS (basic)	4.67	4.94	8.44	5.67	6.02	8.57	9.18	-1.87	2.31	1.37	1.37
EPS (diluted)	4.53	4.79	8.19	5.52	5.86	8.34	8.92	-1.87	2.25	1.33	1.62
Book value per share	25	28.8	35.1	38.8	42.4	49.2	55	51.6	53.5	52.7	51.4
FCF per share	5.25	4.18	4.83	3.45	7.37	7.25	2.22	-0.53	4.21	3.4	3.32
Cash per share	0.91	0.87	0.74	1.33	3.91	6.91	2.86	1.62	4.96	3.55	2.1
Capex per share	1.81	2.92	3.29	3.47	3.3	3.33	5.24	5.48	3.27	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.88%	2.79%	3%	2.97%	2.78%	2.57%	3.54%	3.67%	2.12%	—	—
Capex / operating cash flow	26%	45.1%	42.4%	52.7%	31%	26.5%	70.8%	222.9%	46%	—	—
Payout ratio	12.2%	17.9%	14.5%	26.9%	29%	20.8%	20.1%	-103.2%	83.2%	137.5%	125.3%
Dividend yield	0.75%	1.24%	1.98%	1.72%	2.78%	2.22%	2.75%	3.75%	3.32%	3.71%	4.01%

Yield

4.01%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.51

ex-dividend Sep 1, 2026

Payout ratio

125%

of earnings

Dividend growth

15 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.51
Jun 1, 2026	$0.51
Feb 27, 2026	$0.51

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$13.3B	$13.3B	$13.1B	$13.4B	$13.6B	$13.6B	$13.1B	$13.9B	$13.9B	$14.3B	$13.7B	$13.9B
YoY change	-2.83%	+0.44%	-0.46%	+1.62%	+1.63%	+2.28%	+0.02%	+3.98%	+2.17%	+5.06%	+4.43%	-0.12%

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	349M	318M	270M	484M	1.4B	2.5B	1B	573M	1.7B	1.2B
Receivables	1.5B	1.7B	1.7B	2.2B	2B	2.4B	2.6B	2.5B	2.4B	2.5B
Inventory	2.7B	3.2B	3.5B	3.9B	3.9B	4.4B	5.5B	5.3B	5.2B	5.7B
Total current assets	4.9B	6.3B	5.7B	7B	7.6B	9.8B	9.6B	8.7B	9.8B	9.9B
Property, plant & equipment	1.5B	1.7B	2.1B	2.5B	1.6B	1.5B	1.5B	1.4B	1.8B	1.6B
Goodwill & intangibles	23.5B	31.1B	33B	35.8B	35.3B	34.1B	33.5B	32B	31.4B	30.2B
Total assets	22.4B	28.1B	29.1B	32.9B	34.5B	36.3B	36.8B	36.3B	37.1B	36.7B
Accounts payable	1.5B	1.7B	1.7B	1.9B	1.9B	2.2B	2.5B	2.6B	2.4B	2.6B
Short-term debt	79M	906M	1.9B	2.1B	548M	1.1B	459M	1.9B	74M	909M
Total current liabilities	2.8B	4B	5B	5.5B	4.2B	6.3B	5.3B	6.5B	4.8B	6.4B
Long-term debt	6.2B	9.3B	8B	9.8B	10.8B	8.3B	7.9B	7.6B	9.7B	7.9B
Total liabilities	12.7B	17.5B	16.3B	18.8B	19.1B	18.5B	17B	18B	18.6B	18.4B
Shareholders' equity	9.6B	10.6B	12.8B	14.1B	15.4B	17.9B	19.8B	18.3B	18.5B	18.2B
Total debt	6.3B	10.2B	9.9B	11.9B	11.3B	9.3B	8.3B	9.5B	9.8B	8.8B
Net debt	5.9B	9.9B	9.6B	11.4B	9.9B	6.8B	7.3B	8.9B	8.1B	7.6B

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	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	573M	1.5B	2.2B	2.6B	1.7B	2.3B	992M	1.5B	1.2B	1.3B	500M	740M
Receivables	2.5B	2.3B	2.4B	2.4B	2.4B	2.3B	2.4B	2.5B	2.5B	2.4B	2.4B	2.5B
Inventory	5.3B	5.1B	5.1B	5B	5.2B	5.1B	5.4B	5.4B	5.7B	5.4B	5.5B	5.8B
Total current assets	8.7B	9.2B	10B	10.6B	9.8B	10.1B	9.2B	9.9B	9.9B	9.5B	8.9B	9.5B
Property, plant & equipment	1.4B	1.4B	1.6B	1.7B	1.8B	1.7B	1.6B	1.5B	1.6B	1.5B	1.4B	1.3B
Goodwill & intangibles	32B	31.9B	31.7B	31.5B	31.4B	31.2B	31.1B	30.3B	30.2B	30.1B	30B	29.9B
Total assets	36.3B	36.7B	37.5B	37.7B	37.1B	37.3B	36.3B	36.5B	36.7B	36B	35.2B	35.6B
Accounts payable	2.6B	2.6B	2.2B	2.3B	2.4B	2.5B	2.4B	2.4B	2.6B	2.7B	2.5B	2.8B
Short-term debt	1.9B	1.3B	1.3B	1.3B	74M	95M	896M	886M	909M	909M	141M	1.4B
Total current liabilities	6.5B	6.2B	5.6B	5.8B	4.8B	4.8B	5.5B	5.7B	6.4B	6.2B	4.8B	6.6B
Long-term debt	7.6B	8.4B	9.6B	9.7B	9.7B	9.7B	8.2B	8.2B	7.9B	7.5B	7.9B	6.6B
Total liabilities	18B	18.5B	19.2B	19.5B	18.6B	18.7B	17.7B	18B	18.4B	17.9B	17B	17.4B
Shareholders' equity	18.3B	18.3B	18.2B	18.2B	18.5B	18.6B	18.5B	18.5B	18.2B	18.2B	18.2B	18.2B
Total debt	9.5B	9.7B	11B	11B	9.8B	9.8B	9.1B	9.1B	8.8B	8.4B	8.1B	8B
Net debt	8.9B	8.2B	8.8B	8.5B	8.1B	7.5B	8.1B	7.5B	7.6B	7.1B	7.6B	7.3B

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.8B	1.8B	3B	2B	2.1B	3.1B	3.2B	-649M	822M	507M
Depreciation & amortization	705M	761M	943M	1.1B	1.2B	1.2B	1.2B	1.3B	1.4B	1.4B
Stock-based compensation	81M	92M	69M	77M	89M	91M	93M	61M	101M	100M
Change in working capital	64M	-166M	-220M	-836M	621M	386M	-2.1B	187M	224M	-106M
Operating cash flow	2.7B	2.4B	2.8B	2.4B	3.9B	4.6B	2.7B	870M	2.5B	2.2B
Capital expenditure	-695M	-1.1B	-1.2B	-1.3B	-1.2B	-1.2B	-1.9B	-1.9B	-1.1B	—
Investing cash flow	-684M	-4.2B	-1.9B	-3.5B	-1.4B	58M	-1.9B	-2.3B	-888M	61M
Dividends paid	-216M	-319M	-431M	-537M	-601M	-636M	-653M	-670M	-684M	-697M
Share repurchases	-1.9B	-860M	-427M	-252M	-207M	-67M	-702M	-354M	-49M	-196M
Financing cash flow	-3.3B	-8.1B	-24.2B	-17.3B	-18B	-2.8B	-2.4B	-7B	-2.9B	-2B
Net change in cash	-1.3B	-9.9B	-23.2B	-18.4B	-15.6B	1.9B	-1.7B	-8.5B	-1.3B	218M
Free cash flow	2B	1.5B	1.8B	1.3B	2.7B	2.6B	800M	-187M	1.5B	1.2B

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	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	-443M	114M	148M	196M	364M	366M	14M	69M	58M	90M	264M	186M
Depreciation & amortization	396M	373M	349M	360M	318M	348M	352M	329M	332M	376M	350M	329M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	-261M	602M	503M	603M	426M	790M	395M	774M	535M	942M	-113M	640M
Capital expenditure	-375M	-354M	-267M	-263M	-248M	-271M	-193M	—	—	—	—	—
Investing cash flow	-427M	-378M	-243M	-233M	-34M	-233M	-179M	-16M	27M	27M	27M	38M
Dividends paid	-167M	-171M	-171M	-171M	-171M	-175M	-174M	-175M	-173M	-177M	-176M	-176M
Share repurchases	-11M	-13M	-18M	-13M	-5M	-15M	-1M	-26M	-154M	-47M	-45M	-31M
Financing cash flow	-102M	-2.3B	1.1B	-169M	-1.5B	-210M	-940M	-246M	-601M	-724M	-1.5B	-320M
Net change in cash	-790M	-2B	1.3B	201M	-1.1B	347M	-724M	512M	-39M	245M	-1.6B	358M
Free cash flow	-52M	946M	-390M	533M	369M	760M	-378M	547M	248M	690M	-258M	481M

Date	Ratio
Feb 18, 1997	3:2
Apr 16, 1991	2:1
Apr 16, 1987	3:2

Tyson Foods, Inc. Class A Common Stock 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

Split history