NYSE : TSN
Tyson Foods, Inc. — Financial statements
Consumer Staples · Farm Products · United States
Last price 56.25 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 19.74B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Tyson Foods, Inc. (TSN) reported revenue of 55.69B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 55.69B | 54.44B | 53.31B | 52.88B | 53.28B | 47.05B |
| Cost of Revenue | 52.04B | 50.80B | 49.35B | 49.95B | 46.61B | 40.52B |
| Gross Profit | 3.65B | 3.64B | 3.95B | 2.93B | 6.67B | 6.53B |
| Selling, General & Admin | 2.17B | 2.13B | 2.19B | 2.16B | 2.22B | 2.11B |
| Operating Expenses | 2.17B | 2.13B | 2.19B | 2.16B | 2.22B | 2.11B |
| Operating Income | 1.48B | 1.52B | 1.76B | 772.00M | 4.45B | 4.42B |
| Interest Expense | -405.00M | -449.00M | -481.00M | -355.00M | -365.00M | -428.00M |
| Interest & Investment Income | 43.00M | 73.00M | 89.00M | 30.00M | 17.00M | 8.00M |
| Earnings From Equity Investments | 43.00M | 64.00M | 15.00M | 45.00M | ||
| Currency Exchange Gain (Loss) | 14.00M | 7.00M | 13.00M | 3.00M | -67.00M | |
| Other Non Operating Income (Expenses) | -68.00M | -62.00M | 11.00M | 46.00M | 27.00M | 41.00M |
| EBT Excluding Unusual Items | 1.11B | 1.15B | 1.41B | 496.00M | 4.11B | 4.04B |
| Merger & Restructuring Charges | -207.00M | -62.00M | -221.00M | -446.00M | -83.00M | |
| Impairment of Goodwill | -343.00M | -781.00M | ||||
| Gain (Loss) on Sale of Investments | -47.00M | 28.00M | 15.00M | 37.00M | ||
| Legal Settlements | -61.00M | -40.00M | -129.00M | |||
| Other Unusual Items | -86.00M | |||||
| Pretax Income | 820.00M | 769.00M | 1.09B | -678.00M | 4.15B | 4.04B |
| Income Tax Expense | 222.00M | 262.00M | 270.00M | -29.00M | 900.00M | 981.00M |
| Earnings From Continuing Operations | 598.00M | 507.00M | 822.00M | -649.00M | 3.25B | 3.06B |
| Minority Interest in Earnings | -24.00M | -33.00M | -22.00M | 1.00M | -11.00M | -13.00M |
| Net Income | 574.00M | 474.00M | 800.00M | -648.00M | 3.24B | 3.05B |
| Net Income to Common | 574.00M | 474.00M | 800.00M | -648.00M | 3.24B | 3.05B |
| Shares Outstanding (Basic) | 354.75M | 357.00M | 356.00M | 284.00M | 360.00M | 363.00M |
| Shares Outstanding (Diluted) | 354.75M | 357.00M | 356.00M | 284.00M | 363.00M | 365.00M |
| EPS (Basic) | 1.62 | 1.33 | 2.25 | -2.28 | 8.99 | 8.39 |
| EPS (Diluted) | 1.62 | 1.33 | 2.25 | -2.28 | 8.92 | 8.34 |
| Free Cash Flow | 1.16B | 1.18B | 1.46B | -187.00M | 800.00M | 2.63B |
| Free Cash Flow Per Share | 3.27 | 3.30 | 4.10 | -0.66 | 2.20 | 7.21 |
| Dividend Per Share | 0.50 | 2.00 | 1.96 | 1.92 | 1.84 | 1.78 |
| Gross Margin | 6.55% | 6.69% | 7.42% | 5.54% | 12.52% | 13.87% |
| Operating Margin | 2.66% | 2.79% | 3.31% | 1.46% | 8.35% | 9.39% |
| Profit Margin | 1.03% | 0.87% | 1.50% | -1.23% | 6.08% | 6.48% |
| Free Cash Flow Margin | 2.08% | 2.16% | 2.73% | -0.35% | 1.50% | 5.59% |
| EBITDA | 2.77B | 2.83B | 3.15B | 2.08B | 5.64B | 5.62B |
| EBITDA Margin | 4.98% | 5.20% | 5.91% | 3.94% | 10.59% | 11.93% |
| D&A For EBITDA | 1.29B | 1.31B | 1.39B | 1.31B | 1.19B | 1.20B |
| EBIT | 1.48B | 1.52B | 1.76B | 772.00M | 4.45B | 4.42B |
| EBIT Margin | 2.66% | 2.79% | 3.31% | 1.46% | 8.35% | 9.39% |
| Effective Tax Rate | 27.07% | 34.07% | 24.73% | 21.69% | 24.28% | |
| Advertising Expenses | 244.00M | 267.00M | 339.00M | 283.00M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 740.00M | 1.23B | 1.72B | 573.00M | 1.03B | 2.51B |
| Short-Term Investments | 10.00M | 15.00M | 1.00M | |||
| Cash & Short-Term Investments | 740.00M | 1.23B | 1.73B | 588.00M | 1.03B | 2.51B |
| Receivables | 2.46B | 2.52B | 2.41B | 2.48B | 2.58B | 2.40B |
| Inventory | 5.84B | 5.68B | 5.20B | 5.33B | 5.51B | 4.38B |
| Other Current Assets | 425.00M | 482.00M | 423.00M | 330.00M | 507.00M | 533.00M |
| Total Current Assets | 9.46B | 9.92B | 9.75B | 8.72B | 9.63B | 9.82B |
| Property, Plant & Equipment | 8.79B | 10.09B | 10.15B | 10.18B | 9.19B | 8.37B |
| Long-Term Investments | 89.00M | 117.00M | 103.00M | 89.00M | 100.00M | 109.00M |
| Goodwill | 9.47B | 9.47B | 9.82B | 9.88B | 10.51B | 10.55B |
| Other Intangible Assets | 5.47B | 5.62B | 5.88B | 6.10B | 6.25B | 6.52B |
| Other Long-Term Assets | 2.33B | 1.44B | 1.40B | 1.29B | 1.13B | 942.00M |
| Total Assets | 35.61B | 36.66B | 37.10B | 36.25B | 36.82B | 36.31B |
| Accounts Payable | 2.76B | 2.60B | 2.40B | 2.59B | 2.48B | 2.23B |
| Accrued Expenses | 782.00M | 909.00M | 912.00M | 672.00M | 995.00M | 897.00M |
| Short-Term Debt | 592.00M | |||||
| Current Portion of Long-Term Debt | 1.43B | 854.00M | 38.00M | 1.28B | 459.00M | 1.07B |
| Current Portion of Leases | 256.00M | 209.00M | 174.00M | 145.00M | 155.00M | |
| Current Income Taxes Payable | 182.00M | 193.00M | 210.00M | 156.00M | 277.00M | 729.00M |
| Other Current Liabilities | 1.45B | 1.58B | 1.02B | 1.03B | 954.00M | 1.25B |
| Total Current Liabilities | 6.60B | 6.39B | 4.79B | 6.50B | 5.31B | 6.33B |
| Long-Term Debt | 6.42B | 7.81B | 9.62B | 7.56B | 7.86B | 8.28B |
| Long-Term Leases | 160.00M | 777.00M | 611.00M | 429.00M | 350.00M | 368.00M |
| Pension & Post-Retirement Benefits | 165.00M | 180.00M | 193.00M | 205.00M | 269.00M | |
| Long-Term Deferred Tax Liabilities | 2.23B | 2.19B | 2.29B | 2.31B | 2.46B | 2.19B |
| Other Long-Term Liabilities | 2.01B | 1.10B | 1.10B | 1.01B | 822.00M | 1.02B |
| Total Liabilities | 17.43B | 18.43B | 18.59B | 18.00B | 17.01B | 18.45B |
| Common Stock | 45.00M | 45.00M | 45.00M | 45.00M | 45.00M | 45.00M |
| Additional Paid-In Capital | 4.74B | 4.69B | 4.60B | 4.56B | 4.55B | 4.49B |
| Retained Earnings | 18.64B | 18.65B | 18.87B | 18.76B | 20.08B | 17.50B |
| Treasury Stock | -5.18B | -5.10B | -4.94B | -4.97B | -4.68B | -4.14B |
| Comprehensive Income & Other | -168.00M | -191.00M | -184.00M | -260.00M | -297.00M | -172.00M |
| Total Common Equity | 18.08B | 18.09B | 18.39B | 18.13B | 19.70B | 17.72B |
| Minority Interest | 106.00M | 142.00M | 124.00M | 122.00M | 109.00M | 131.00M |
| Shareholders' Equity | 18.18B | 18.23B | 18.51B | 18.25B | 19.81B | 17.85B |
| Total Liabilities & Equity | 35.61B | 36.66B | 37.10B | 36.25B | 36.82B | 36.31B |
| Total Debt | 8.01B | 9.70B | 10.48B | 10.04B | 8.82B | 9.87B |
| Net Cash (Debt) | -7.18B | -8.35B | -8.65B | -9.36B | -7.68B | -7.25B |
| Net Cash Per Share | -20.23 | -23.39 | -24.30 | -32.95 | -21.17 | -19.88 |
| Filing Date Shares Outstanding | 351.80M | 353.05M | 355.86M | 355.24M | 359.59M | 364.78M |
| Total Common Shares Outstanding | 351.80M | 353.00M | 356.00M | 356.00M | 360.00M | 365.00M |
| Working Capital | 2.86B | 3.53B | 4.96B | 2.22B | 4.32B | 3.50B |
| Book Value Per Share | 51.39 | 51.23 | 51.66 | 50.94 | 54.73 | 48.56 |
| Tangible Book Value | 3.13B | 2.99B | 2.70B | 2.16B | 2.94B | 655.00M |
| Tangible Book Value Per Share | 8.91 | 8.48 | 7.57 | 6.06 | 8.16 | 1.79 |
| Land | 209.00M | 209.00M | 220.00M | 219.00M | 214.00M | 210.00M |
| Buildings | 7.12B | 7.08B | 6.98B | 6.46B | 5.74B | 5.37B |
| Machinery | 12.21B | 12.02B | 11.46B | 10.68B | 9.96B | 9.51B |
| Construction In Progress | 379.00M | 509.00M | 705.00M | 1.78B | 1.46B | 976.00M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 574.00M | 474.00M | 800.00M | -648.00M | 3.24B | 3.05B |
| Depreciation & Amortization | 1.29B | 1.31B | 1.39B | 1.31B | 1.19B | 1.20B |
| Other Amortization | 11.00M | 11.00M | 12.00M | 10.00M | 11.00M | 19.00M |
| Loss (Gain) From Sale of Assets | -107.00M | -784.00M | ||||
| Asset Writedown & Restructuring Costs | 209.00M | 508.00M | 131.00M | 901.00M | 34.00M | 60.00M |
| Stock-Based Compensation | 100.00M | 100.00M | 101.00M | 61.00M | 93.00M | 91.00M |
| Other Operating Activities | 122.00M | -36.00M | -66.00M | -69.00M | 224.00M | -169.00M |
| Change in Accounts Receivable | 124.00M | -121.00M | 59.00M | 136.00M | -176.00M | -508.00M |
| Change in Inventory | -530.00M | -449.00M | 153.00M | 175.00M | -1.20B | -567.00M |
| Change in Accounts Payable | 299.00M | 184.00M | -205.00M | 47.00M | 302.00M | 351.00M |
| Change in Income Taxes | -217.00M | 7.00M | 89.00M | 108.00M | -580.00M | 421.00M |
| Change in Other Net Operating Assets | 19.00M | 273.00M | 128.00M | -279.00M | -455.00M | 684.00M |
| Operating Cash Flow | 2.00B | 2.15B | 2.59B | 1.75B | 2.69B | 3.84B |
| Capital Expenditures | -843.00M | -978.00M | -1.13B | -1.94B | -1.89B | -1.21B |
| Sale of Property, Plant & Equipment | 44.00M | 252.00M | ||||
| Cash Acquisitions | -262.00M | |||||
| Divestitures | 174.00M | 1.19B | ||||
| Investment in Securities | 21.00M | -15.00M | -32.00M | -117.00M | -178.00M | -46.00M |
| Other Investing Activities | 98.00M | 76.00M | 102.00M | 19.00M | 130.00M | 125.00M |
| Investing Cash Flow | -680.00M | -665.00M | -888.00M | -2.30B | -1.94B | 58.00M |
| Short-Term Debt Issued | 1.69B | 7.69B | ||||
| Long-Term Debt Issued | 175.00M | 2.42B | 1.13B | 103.00M | 585.00M | |
| Total Debt Issued | 1.62B | 175.00M | 4.11B | 8.82B | 103.00M | 585.00M |
| Short-Term Debt Repaid | -2.29B | -7.10B | ||||
| Long-Term Debt Repaid | -1.26B | -1.64B | -603.00M | -1.19B | -2.63B | |
| Total Debt Repaid | -2.77B | -1.26B | -3.93B | -7.71B | -1.19B | -2.63B |
| Net Debt Issued (Repaid) | -1.15B | -1.09B | 183.00M | 1.12B | -1.09B | -2.05B |
| Issuance of Common Stock | 27.00M | 21.00M | 14.00M | 11.00M | 126.00M | 41.00M |
| Repurchase of Common Stock | -277.00M | -196.00M | -49.00M | -354.00M | -702.00M | -67.00M |
| Common Dividends Paid | -702.00M | -697.00M | -684.00M | -670.00M | -653.00M | -636.00M |
| Other Financing Activities | -49.00M | -18.00M | -45.00M | -16.00M | -6.00M | -22.00M |
| Financing Cash Flow | -2.15B | -1.98B | -581.00M | 88.00M | -2.32B | -2.73B |
| Foreign Exchange Rate Adjustments | 15.00M | -1.00M | 23.00M | 1.00M | -35.00M | 4.00M |
| Net Cash Flow | -807.00M | -488.00M | 1.14B | -458.00M | -1.61B | 1.17B |
| Free Cash Flow | 1.16B | 1.18B | 1.46B | -187.00M | 800.00M | 2.63B |
| Free Cash Flow Margin | 2.08% | 2.16% | 2.73% | -0.35% | 1.50% | 5.59% |
| Free Cash Flow Per Share | 3.27 | 3.30 | 4.10 | -0.66 | 2.20 | 7.21 |
| Levered Free Cash Flow | 1.19B | 1.19B | 1.37B | -91.38M | 284.75M | 3.03B |
| Unlevered Free Cash Flow | 1.43B | 1.46B | 1.66B | 120.50M | 501.88M | 3.28B |
| Cash Interest Paid | 402.00M | 402.00M | 460.00M | 340.00M | 363.00M | 444.00M |
| Cash Income Tax Paid | 331.00M | 331.00M | 227.00M | 46.00M | 1.22B | 683.00M |
| Change in Working Capital | -305.00M | -106.00M | 224.00M | 187.00M | -2.10B | 381.00M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 20.23B | 19.28B | 21.24B | 17.95B | 23.71B | 28.57B |
| Enterprise Value | 27.41B | 26.81B | 29.71B | 26.60B | 31.01B | 37.33B |
| Last Close Price | 57.04 | 52.35 | 55.74 | 45.49 | 57.45 | 66.78 |
| PE Ratio | 35.64 | 40.67 | 26.55 | 7.32 | 9.38 | |
| Forward PE | 16.59 | 14.25 | 17.71 | 21.48 | 8.94 | 11.68 |
| PS Ratio | 0.36 | 0.35 | 0.40 | 0.34 | 0.45 | 0.61 |
| PB Ratio | 1.11 | 1.06 | 1.15 | 0.98 | 1.20 | 1.60 |
| P/TBV Ratio | 6.38 | 6.44 | 7.88 | 8.32 | 8.07 | 43.62 |
| P/FCF Ratio | 17.24 | 16.38 | 14.57 | 29.64 | 10.86 | |
| P/OCF Ratio | 9.99 | 8.95 | 8.20 | 10.25 | 8.82 | 7.44 |
| PEG Ratio | 101.58 | 0.76 | 0.35 | 1.58 | 1.58 | 1.56 |
| EV/Sales Ratio | 0.49 | 0.49 | 0.56 | 0.50 | 0.58 | 0.79 |
| EV/EBITDA Ratio | 9.81 | 9.48 | 9.43 | 12.78 | 5.50 | 6.65 |
| EV/EBIT Ratio | 18.39 | 17.67 | 16.86 | 34.46 | 6.97 | 8.45 |
| EV/FCF Ratio | 23.42 | 22.78 | 20.38 | 38.77 | 14.19 | |
| Debt / Equity Ratio | 0.44 | 0.53 | 0.57 | 0.55 | 0.45 | 0.55 |
| Debt / EBITDA Ratio | 2.24 | 2.67 | 2.69 | 3.54 | 1.39 | 1.57 |
| Debt / FCF Ratio | 6.90 | 8.24 | 7.19 | 11.02 | 3.75 | |
| Net Debt / Equity Ratio | 0.40 | 0.46 | 0.47 | 0.51 | 0.39 | 0.41 |
| Net Debt / EBITDA Ratio | 2.59 | 2.95 | 2.75 | 4.50 | 1.36 | 1.29 |
| Net Debt / FCF Ratio | 6.18 | 7.09 | 5.93 | -50.04 | 9.61 | 2.76 |
| Asset Turnover | 1.54 | 1.48 | 1.45 | 1.45 | 1.46 | 1.33 |
| Inventory Turnover | 9.23 | 9.34 | 9.38 | 9.21 | 9.42 | 9.83 |
| Quick Ratio | 0.48 | 0.59 | 0.86 | 0.47 | 0.68 | 0.78 |
| Current Ratio | 1.43 | 1.55 | 2.04 | 1.34 | 1.81 | 1.55 |
| Return on Equity (ROE) | 3.26% | 2.76% | 4.47% | -3.41% | 17.25% | 18.41% |
| Return on Assets (ROA) | 2.56% | 2.57% | 3.00% | 1.32% | 7.61% | 7.81% |
| Return on Invested Capital (ROIC) | 4.21% | 3.71% | 4.83% | 2.79% | 13.20% | 13.11% |
| Return on Capital Employed (ROCE) | 5.10% | 5.00% | 5.50% | 2.60% | 14.10% | 14.70% |
| Earnings Yield | 2.81% | 2.46% | 3.77% | -3.61% | 13.66% | 10.66% |
| FCF Yield | 5.80% | 6.11% | 6.87% | -1.04% | 3.37% | 9.21% |
| Dividend Yield | 3.54% | 3.66% | 3.28% | 3.81% | 2.79% | 2.27% |
| Payout Ratio | 126.11% | 147.05% | 85.50% | 20.17% | 20.87% | |
| Buyback Yield / Dilution | 0.77% | -0.28% | -25.35% | 21.76% | 0.55% | |
| Total Shareholder Return | 4.35% | 3.38% | -22.07% | 25.57% | 3.34% | 2.27% |