Tyson Foods, Inc. (TSN) 10-Year Financial Performance & Capital Metrics

TSN • • Industrial / General

Consumer DefensiveFarm ProductsAnimal Protein ProductionMeat Processors & Packers

AboutTyson Foods, Inc., together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products, such as hides and meats. It also manufactures and markets frozen and refrigerated food products, including ready-to-eat sandwiches, flame-grilled hamburgers, Philly steaks, pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, flour and corn tortilla products, appetizers, snacks, prepared meals, ethnic foods, side dishes, meat dishes, breadsticks, and processed meats under the Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells, and Gallo Salame brands. The company also offers its products under Tyson and ibp brands. It sells its products through its sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processing companies, chain restaurants or their distributors, live markets, international export companies, and domestic distributors who serve restaurants and food service operations, such as plant and school cafeterias, convenience stores, hospitals, and other vendors, as well as through independent brokers and trading companies. The company was founded in 1935 and is headquartered in Springdale, Arkansas.Show more

Revenue $54.44B +2.1%
EBITDA $2.8B -0.2%
Net Income $474M -40.8%
EPS (Diluted) 1.33 -40.9%
Gross Margin 6.54% -3.8%
EBITDA Margin 5.15% -2.3%
Operating Margin 2.65% +0.1%
Net Margin 0.87% -42.0%
ROE 2.58% -40.7%
ROIC 4.12% +4.9%
Debt/Equity 0.48 -8.4%
Interest Coverage 3.21 +9.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓13 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.3%
✓Share count reduced 2.2% through buybacks
✓Trading at only 1.2x book value
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

✗Weak 3Y average ROE of 1.2%
✗Profits declining 25.5% over 5 years
✗Dividend payout exceeds 100% of earnings

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y2.78%

5Y4.74%

3Y0.72%

TTM2.12%

Profit (Net Income) CAGR

10Y-9.02%

5Y-25.47%

3Y-47.3%

TTM-40.75%

EPS CAGR

10Y-7.66%

5Y-25.09%

3Y-46.97%

TTM-40.46%

ROCE

10Y Avg9.82%

5Y Avg7.36%

3Y Avg2.62%

Latest4.61%

Peer Comparison

Meat Processors & Packers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TSNTyson Foods, Inc.	17.1B	60.43	45.44	2.12%	0.87%	2.6%	6.88%	0.48
SFDSMITHFIELD FOODS INC	9.2B	23.41	9.67	-3.4%	5.66%	12.85%	8.55%	0.39

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	36.88B	38.26B	40.05B	42.41B	43.19B	47.05B	53.28B	52.88B	53.31B	54.44B
Revenue Growth %	-0.11%	0.04%	0.05%	0.06%	0.02%	0.09%	0.13%	-0.01%	0.01%	0.02%
Cost of Goods Sold+	32.18B	33.2B	34.96B	37.38B	37.8B	40.52B	46.61B	50.25B	49.68B	50.88B
COGS % of Revenue	0.87%	0.87%	0.87%	0.88%	0.88%	0.86%	0.87%	0.95%	0.93%	0.93%
Gross Profit+	4.7B	5.06B	5.1B	5.02B	5.38B	6.53B	6.67B	2.63B	3.63B	3.56B
Gross Margin %	0.13%	0.13%	0.13%	0.12%	0.12%	0.14%	0.13%	0.05%	0.07%	0.07%
Gross Profit Growth %	0.2%	0.08%	0.01%	-0.01%	0.07%	0.21%	0.02%	-0.61%	0.38%	-0.02%
Operating Expenses+	1.86B	2.14B	2.13B	2.25B	2.38B	2.13B	2.26B	3.03B	2.22B	2.12B
OpEx % of Revenue	0.05%	0.06%	0.05%	0.05%	0.06%	0.05%	0.04%	0.06%	0.04%	0.04%
Selling, General & Admin	1.86B	2.14B	2.13B	2.25B	2.27B	2.13B	2.22B	2.16B	2.19B	2.12B
SG&A % of Revenue	0.05%	0.06%	0.05%	0.05%	0.05%	0.05%	0.04%	0.04%	0.04%	0.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	104M	0	41M	869M	26M	0
Operating Income+	2.83B	2.92B	2.97B	2.77B	3.01B	4.4B	4.41B	-395M	1.41B	1.44B
Operating Margin %	0.08%	0.08%	0.07%	0.07%	0.07%	0.09%	0.08%	-0.01%	0.03%	0.03%
Operating Income Growth %	0.31%	0.03%	0.02%	-0.07%	0.09%	0.46%	0%	-1.09%	4.57%	0.02%
EBITDA+	3.54B	3.68B	3.91B	3.87B	4.2B	5.61B	5.61B	944M	2.81B	2.8B
EBITDA Margin %	0.1%	0.1%	0.1%	0.09%	0.1%	0.12%	0.11%	0.02%	0.05%	0.05%
EBITDA Growth %	0.23%	0.04%	0.06%	-0.01%	0.09%	0.34%	0%	-0.83%	1.98%	-0%
D&A (Non-Cash Add-back)	705M	761M	943M	1.1B	1.19B	1.21B	1.2B	1.34B	1.4B	1.36B
EBIT	2.85B	2.91B	3.03B	2.84B	3.15B	4.47B	4.51B	-323M	1.57B	1.22B
Net Interest Income+	-243M	-272M	-343M	-451M	-475M	-420M	-348M	-325M	-392M	-376M
Interest Income	6M	7M	7M	11M	10M	8M	17M	30M	89M	73M
Interest Expense	249M	279M	350M	462M	485M	428M	365M	355M	481M	449M
Other Income/Expense	-235M	-293M	-287M	-396M	-344M	-355M	-261M	-283M	-317M	-672M
Pretax Income+	2.6B	2.63B	2.68B	2.37B	2.66B	4.04B	4.15B	-678M	1.09B	769M
Pretax Margin %	0.07%	0.07%	0.07%	0.06%	0.06%	0.09%	0.08%	-0.01%	0.02%	0.01%
Income Tax+	826M	850M	-291M	381M	593M	981M	900M	-29M	270M	262M
Effective Tax Rate %	0.68%	0.68%	1.11%	0.83%	0.77%	0.75%	0.78%	0.96%	0.73%	0.62%
Net Income+	1.77B	1.77B	2.97B	1.98B	2.06B	3.05B	3.24B	-648M	800M	474M
Net Margin %	0.05%	0.05%	0.07%	0.05%	0.05%	0.06%	0.06%	-0.01%	0.02%	0.01%
Net Income Growth %	0.45%	0%	0.67%	-0.33%	0.04%	0.48%	0.06%	-1.2%	2.23%	-0.41%
Net Income (Continuing)	1.77B	1.78B	2.97B	1.99B	2.07B	3.06B	3.25B	-649M	822M	507M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	16M	18M	8M	144M	132M	131M	109M	122M	124M	142M
EPS (Diluted)+	4.53	4.79	8.04	5.52	5.64	8.34	8.92	-1.87	2.25	1.33
EPS Growth %	0.54%	0.06%	0.68%	-0.31%	0.02%	0.48%	0.07%	-1.21%	2.2%	-0.41%
EPS (Basic)	4.67	4.94	8.14	5.45	5.68	8.57	9.18	-1.87	2.31	1.37
Diluted Shares Outstanding	390M	370M	369M	366M	365M	365M	363M	354M	356M	348M
Basic Shares Outstanding	385M	366M	365M	363M	363M	363M	360M	354M	354M	348M
Dividend Payout Ratio	0.12%	0.18%	0.15%	0.27%	0.29%	0.21%	0.2%	-	0.85%	1.47%

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	4.89B	6.26B	5.69B	6.99B	7.6B	9.82B	9.63B	8.72B	9.75B	9.92B
Cash & Short-Term Investments	349M	318M	270M	484M	1.42B	2.51B	1.03B	573M	1.72B	1.23B
Cash Only	349M	318M	270M	484M	1.42B	2.51B	1.03B	573M	1.72B	1.23B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.54B	1.68B	1.72B	2.17B	1.95B	2.4B	2.58B	2.48B	2.41B	2.52B
Days Sales Outstanding	15.26	15.98	15.7	18.7	16.5	18.62	17.65	17.09	16.47	16.92
Inventory	2.73B	3.24B	3.51B	3.93B	3.86B	4.38B	5.51B	5.33B	5.2B	5.68B
Days Inventory Outstanding	30.98	35.61	36.68	38.36	37.26	39.47	43.18	38.7	38.17	40.75
Other Current Assets	265M	1.03B	182M	404M	367M	533M	508M	345M	433M	482M
Total Non-Current Assets+	17.48B	21.81B	23.42B	25.93B	26.86B	26.49B	27.19B	27.53B	27.35B	26.74B
Property, Plant & Equipment	5.17B	5.57B	6.17B	7.28B	7.6B	7.84B	8.69B	9.63B	9.44B	9.2B
Fixed Asset Turnover	7.13x	6.87x	6.49x	5.82x	5.69x	6.00x	6.13x	5.49x	5.65x	5.91x
Goodwill	6.67B	9.32B	9.74B	10.84B	10.9B	10.55B	10.51B	9.88B	9.82B	9.47B
Intangible Assets	5.08B	6.24B	6.76B	7.04B	6.77B	6.52B	6.25B	6.1B	5.88B	5.62B
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	562M	673M	754M	765M	1.59B	1.58B	1.74B	1.92B	2.21B	2.44B
Total Assets+	22.37B	28.07B	29.11B	32.92B	34.46B	36.31B	36.82B	36.25B	37.1B	36.66B
Asset Turnover	1.65x	1.36x	1.38x	1.29x	1.25x	1.30x	1.45x	1.46x	1.44x	1.49x
Asset Growth %	-0.03%	0.25%	0.04%	0.13%	0.05%	0.05%	0.01%	-0.02%	0.02%	-0.01%
Total Current Liabilities+	2.76B	4.03B	5.03B	5.51B	4.23B	6.33B	5.31B	6.5B	4.79B	6.39B
Accounts Payable	1.51B	1.7B	1.69B	1.93B	1.88B	2.23B	2.48B	2.59B	2.4B	2.6B
Days Payables Outstanding	17.14	18.67	17.69	18.81	18.11	20.04	19.44	18.84	17.65	18.66
Short-Term Debt	79M	906M	1.91B	2.1B	548M	1.07B	459M	1.9B	74M	909M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	397M	755M	877M	865M	817M	840M	884M	893M	840M	1.06B
Current Ratio	1.77x	1.55x	1.13x	1.27x	1.79x	1.55x	1.81x	1.34x	2.04x	1.55x
Quick Ratio	0.78x	0.75x	0.43x	0.56x	0.88x	0.86x	0.77x	0.52x	0.95x	0.66x
Cash Conversion Cycle	29.11	32.92	34.7	38.26	35.65	38.05	41.39	36.95	36.99	39.02
Total Non-Current Liabilities+	9.99B	13.47B	11.27B	13.31B	14.84B	12.13B	11.7B	11.5B	13.8B	12.04B
Long-Term Debt	6.2B	9.3B	7.96B	9.83B	10.79B	8.28B	7.86B	7.61B	9.71B	7.92B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	2.54B	2.98B	2.11B	2.31B	2.32B	2.19B	2.46B	2.31B	2.29B	2.19B
Other Non-Current Liabilities	1.24B	1.2B	1.2B	1.17B	1.73B	1.65B	1.38B	1.58B	1.8B	1.93B
Total Liabilities	12.75B	17.51B	16.3B	18.82B	19.07B	18.45B	17.01B	18B	18.59B	18.43B
Total Debt+	6.28B	10.2B	9.87B	11.93B	11.34B	9.35B	8.32B	9.51B	9.79B	8.83B
Net Debt	5.93B	9.88B	9.6B	11.45B	9.92B	6.84B	7.29B	8.93B	8.07B	7.6B
Debt / Equity	0.65x	0.97x	0.77x	0.85x	0.74x	0.52x	0.42x	0.52x	0.53x	0.48x
Debt / EBITDA	1.77x	2.77x	2.52x	3.08x	2.70x	1.67x	1.48x	10.07x	3.48x	3.15x
Net Debt / EBITDA	1.68x	2.68x	2.45x	2.96x	2.36x	1.22x	1.30x	9.46x	2.87x	2.71x
Interest Coverage	11.38x	10.47x	8.48x	6.00x	6.20x	10.27x	12.08x	-1.11x	2.93x	3.21x
Total Equity+	9.62B	10.56B	12.81B	14.09B	15.39B	17.85B	19.81B	18.25B	18.51B	18.23B
Equity Growth %	-0.01%	0.1%	0.21%	0.1%	0.09%	0.16%	0.11%	-0.08%	0.01%	-0.02%
Book Value per Share	24.68	28.54	34.72	38.51	42.15	48.92	54.58	51.57	52.01	52.38
Total Shareholders' Equity	9.61B	10.54B	12.8B	13.95B	15.25B	17.72B	19.7B	18.13B	18.39B	18.09B
Common Stock	43M	45M	45M	45M	45M	45M	45M	45M	45M	45M
Retained Earnings	8.35B	9.78B	12.33B	13.65B	15.1B	17.5B	20.08B	18.76B	18.87B	18.65B
Treasury Stock	-3.09B	-3.67B	-3.94B	-4.01B	-4.14B	-4.14B	-4.68B	-4.97B	-4.94B	-5.1B
Accumulated OCI	-45M	16M	-15M	-117M	-179M	-172M	-297M	-260M	-184M	-191M
Minority Interest	16M	18M	8M	144M	132M	131M	109M	122M	124M	142M

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	2.72B	2.6B	2.96B	2.51B	3.87B	3.84B	2.69B	1.75B	2.59B	2.15B
Operating CF Margin %	0.07%	0.07%	0.07%	0.06%	0.09%	0.08%	0.05%	0.03%	0.05%	0.04%
Operating CF Growth %	0.06%	-0.04%	0.14%	-0.15%	0.54%	-0.01%	-0.3%	-0.35%	0.48%	-0.17%
Net Income	1.77B	1.78B	3.03B	2.04B	2.15B	3.06B	3.25B	-649M	822M	507M
Depreciation & Amortization	705M	761M	943M	1.1B	1.19B	1.21B	1.2B	1.34B	1.4B	1.36B
Stock-Based Compensation	81M	92M	69M	77M	89M	91M	93M	61M	101M	100M
Deferred Taxes	84M	-39M	-865M	92M	45M	-125M	264M	-183M	-45M	-76M
Other Non-Cash Items	11M	157M	75M	57M	-76M	-781M	-17M	997M	88M	369M
Working Capital Changes	63M	-150M	-286M	-846M	474M	381M	-2.1B	187M	224M	-106M
Change in Receivables	73M	-55M	-2M	-226M	191M	-508M	-176M	136M	59M	-121M
Change in Inventory	148M	-246M	-207M	-214M	-20M	-567M	-1.2B	175M	153M	-449M
Change in Payables	-130M	61M	-44M	-55M	-64M	351M	302M	47M	-205M	184M
Cash from Investing+	-684M	-4.16B	-1.91B	-3.46B	-1.42B	58M	-1.94B	-2.3B	-888M	-665M
Capital Expenditures	-695M	-1.07B	-1.2B	-1.26B	-1.2B	-1.21B	-1.89B	-1.94B	-1.13B	-978M
CapEx % of Revenue	0.02%	0.03%	0.03%	0.03%	0.03%	0.03%	0.04%	0.04%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	20M	4M	-24M	88M	-52M	125M	130M	19M	102M	317M
Cash from Financing+	-2.38B	1.53B	-1.1B	1.17B	-1.47B	-2.73B	-2.32B	88M	-581M	-1.98B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-216M	-319M	-431M	-537M	-601M	-636M	-653M	-670M	-684M	-697M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	196M	-208M	-14M	69M	12M	19M	120M	-5M	-31M	-18M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.02B	1.53B	1.76B	1.25B	2.67B	2.63B	800M	-187M	1.46B	1.18B
FCF Margin %	0.05%	0.04%	0.04%	0.03%	0.06%	0.06%	0.02%	-0%	0.03%	0.02%
FCF Growth %	0.18%	-0.24%	0.15%	-0.29%	1.13%	-0.02%	-0.7%	-1.23%	8.8%	-0.19%
FCF per Share	5.18	4.14	4.78	3.43	7.33	7.21	2.20	-0.53	4.10	3.38
FCF Conversion (FCF/Net Income)	1.54x	1.47x	1.00x	1.27x	1.88x	1.26x	0.83x	-2.70x	3.24x	4.55x
Interest Paid	0	0	0	0	0	0	363M	340M	460M	0
Taxes Paid	0	0	0	0	0	0	1.22B	46M	227M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	18.29%	17.58%	25.42%	14.72%	13.98%	18.33%	17.19%	-3.4%	4.35%	2.58%
Return on Invested Capital (ROIC)	13.59%	12.17%	10.39%	8.66%	8.87%	13.19%	12.77%	-1.09%	3.93%	4.12%
Gross Margin	12.74%	13.23%	12.72%	11.84%	12.47%	13.87%	12.51%	4.98%	6.8%	6.54%
Net Margin	4.79%	4.64%	7.42%	4.67%	4.77%	6.48%	6.08%	-1.23%	1.5%	0.87%
Debt / Equity	0.65x	0.97x	0.77x	0.85x	0.74x	0.52x	0.42x	0.52x	0.53x	0.48x
Interest Coverage	11.38x	10.47x	8.48x	6.00x	6.20x	10.27x	12.08x	-1.11x	2.93x	3.21x
FCF Conversion	1.54x	1.47x	1.00x	1.27x	1.88x	1.26x	0.83x	-2.70x	3.24x	4.55x
Revenue Growth	-10.86%	3.74%	4.68%	5.87%	1.84%	8.95%	13.25%	-0.75%	0.81%	2.12%

Revenue by Geography

	2023
Export Sales	5.1B
Export Sales Growth	-

Frequently Asked Questions

Valuation & Price

Tyson Foods, Inc. (TSN) has a price-to-earnings (P/E) ratio of 45.4x. This suggests investors expect higher future growth.

Growth & Financials

Tyson Foods, Inc. (TSN) reported $54.44B in revenue for fiscal year 2025. This represents a 65% increase from $33.05B in 2012.

Tyson Foods, Inc. (TSN) grew revenue by 2.1% over the past year. Growth has been modest.

Yes, Tyson Foods, Inc. (TSN) is profitable, generating $474.0M in net income for fiscal year 2025 (0.9% net margin).

Dividend & Returns

Yes, Tyson Foods, Inc. (TSN) pays a dividend with a yield of 3.31%. This makes it attractive for income-focused investors.

Tyson Foods, Inc. (TSN) has a return on equity (ROE) of 2.6%. This is below average, suggesting room for improvement.

Tyson Foods, Inc. (TSN) generated $1.18B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...