A Business at a Glance
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TYSON FOODS, INC.
TSN
$20.5B
Mkt Cap
$57.45
+1.23%
TYSON FOODS, INC. (TSN) has a current P/E ratio of 102.6, compared to its historical median P/E of 10.9. The stock is currently considered Expensive based on its historical valuation range.
TYSON FOODS, INC. (TSN) has a 5-year average return on invested capital (ROIC) of 5.5%. This is below average and may indicate limited pricing power.
TYSON FOODS, INC. (TSN) has a market capitalization of $20.3B. It is classified as a large-cap stock.
Yes, TYSON FOODS, INC. (TSN) pays a dividend with a trailing twelve-month yield of 3.45%.
Based on historical P/E analysis, TYSON FOODS, INC. (TSN) appears expensive. The current P/E of 102.6 is 844% above its historical median of 10.9. The estimated fair value CAGR (P/E method) is -23.9%.
TYSON FOODS, INC. (TSN) operates in the Poultry Slaughtering And Processing industry, within the Consumer Defensive sector.
TYSON FOODS, INC. (TSN) reported annual revenue of $54.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
Tyson Foods is a vertically-integrated, multi-protein food company that processes and distributes beef, pork, chicken, and prepared foods products globally. The company operates four reportable segments: Beef (processing live cattle into primal cuts and case-ready products), Pork (processing live hogs into fabricated cuts and case-ready products), Chicken (fully vertically-integrated from breeding stock through processing, with contract farmers raising broilers), and Prepared Foods (manufacturing frozen and refrigerated products under brands including Jimmy Dean, Hillshire Farm, Ball Park, and Aidells). Tyson's business model combines commodity-based raw material sourcing with branded, value-added product development; the company owns breeding stock operations through Cobb-Vantress and operates feed mills for chicken production, while beef and pork rely on procurement relationships with independent producers. Distribution is asset-light for most segments, reaching grocery retailers, foodservice operators, warehouse clubs, military commissaries, and international export markets through direct sales and brokers. The company's competitive moat derives from vertical integration in chicken, brand strength in prepared foods, national distribution infrastructure, and operational scale; Walmart represents approximately 18.7% of consolidated sales, with no other single customer exceeding 10%. Tyson operates in approximately 140 countries and regions, with significant foreign operations in Asia-Pacific (Thailand, Malaysia, Saudi Arabia), China, South Korea, Europe, and Latin America through subsidiaries and joint ventures.
【Chicken-led growth momentum】 Management expects chicken to remain the primary beneficiary of changing consumer preferences and tight cattle supplies throughout 2026 and into 2027, supported by strong operational execution, improved genetics, and targeted marketing investments. The company is raising full-year adjusted operating income guidance and sees continued momentum in Prepared Foods driven by volume growth, market share gains, and operational efficiencies, while Beef remains challenged by tight cattle supply but benefits from footprint optimization actions implemented in the second quarter. Pork is expected to deliver another strong year based on adequate hog supply, continued productivity improvements, and robust consumer demand. Management emphasizes disciplined capital allocation, improved return on invested capital metrics, and confidence that internal improvement initiatives will drive further upside beyond 2026, though the company acknowledges ongoing volatility in commodity markets and consumer demand dynamics.
| Metric | Target | Period |
|---|---|---|
| Total Company Adjusted Operating Income | $2.2 billion–$2.4 billion | FY2026 |
| Full-year Sales | up 2%–4% year-over-year | FY2026 |
| Interest Expense | approximately $365 million | FY2026 |
| Tax Rate | around 25% | FY2026 |
| Capital Expenditures | $700 million–$1 billion | FY2026 |
| Free Cash Flow | $1.2 billion–$1.8 billion | FY2026 |
| Prepared Foods Segment Operating Income | $1.25 billion–$1.35 billion | FY2026 |
| Chicken Segment Operating Income | $1.9 billion–$2.05 billion | FY2026 |
| Beef Segment Operating Income | loss of $500 million–$350 million | FY2026 |
| Pork Segment Operating Income | $250 million–$300 million | FY2026 |
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 55.7B | 54.4B | 53.3B | 52.9B | 53.3B | 47.0B |
| Net Income | 453M | 474M | 800M | -648M | 3.2B | 3.0B |
| EPS | $1.28 | $1.33 | $2.25 | $-1.87 | $8.92 | $8.34 |
| Free Cash Flow | 1.2B | 1.2B | 1.5B | -187M | 800M | 2.6B |
| ROIC | 2.7% | 2.7% | 3.4% | -2.4% | 13.4% | 10.3% |
| Gross Margin | 6.5% | 6.5% | 6.8% | 5.0% | 12.5% | 13.9% |
| Debt/Equity | 0.50 | 0.54 | 0.66 | 0.98 | 0.42 | 0.56 |
| Dividends/Share | $1.98 | $1.96 | $1.92 | $1.93 | $1.80 | $1.74 |
| Operating Income | 1.2B | 1.1B | 1.4B | -395M | 4.4B | 4.4B |
| Operating Margin | 2.1% | 2.0% | 2.6% | -0.7% | 8.3% | 9.3% |
| ROE | 2.5% | 2.6% | 4.4% | -3.4% | 17.3% | 18.5% |
| Shares Outstanding | 354M | 356M | 356M | 347M | 363M | 365M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 37.6B | 41.4B | 36.9B | 38.3B | 40.1B | 42.4B | 43.2B | 47.0B | 53.3B | 52.9B | 53.3B | 54.4B | 55.7B |
| Gross Margin | 7.1% | 9.5% | 12.7% | 13.2% | 12.7% | 11.8% | 12.5% | 13.9% | 12.5% | 5.0% | 6.8% | 6.5% | 6.5% |
| R&D | 52M | 75M | 96M | 113M | 114M | 97M | 98M | 114M | 108M | 114M | 106M | 126M | 126M |
| SG&A | 1.3B | 1.7B | 1.9B | 2.1B | 2.1B | 2.3B | 2.4B | 2.1B | 2.3B | 2.2B | 2.2B | 2.1B | 2.1B |
| EBIT | 1.4B | 2.2B | 2.8B | 2.9B | 3.0B | 2.8B | 3.0B | 4.4B | 4.4B | -395M | 1.4B | 1.1B | 1.2B |
| Op. Margin | 3.8% | 5.2% | 7.7% | 7.6% | 7.4% | 6.5% | 7.0% | 9.3% | 8.3% | -0.7% | 2.6% | 2.0% | 2.1% |
| Net Income | 864M | 1.2B | 1.8B | 1.8B | 3.0B | 2.0B | 2.1B | 3.0B | 3.2B | -648M | 800M | 474M | 453M |
| Net Margin | 2.3% | 2.9% | 4.8% | 4.6% | 7.4% | 4.7% | 4.8% | 6.5% | 6.1% | -1.2% | 1.5% | 0.9% | 0.8% |
| Non-Recurring | 5.0M | 200M | 45M | 214M | 276M | 152M | 125M | 784M | 0 | 905M | 31M | 388M | 388M |
| Returns on Capital | |||||||||||||
| ROIC | 8.2% | 8.6% | 12.3% | 9.0% | 11.6% | 10.0% | 7.4% | 10.3% | 13.4% | -2.4% | 3.4% | 2.7% | 2.7% |
| ROE | 11.5% | 13.1% | 18.3% | 17.6% | 25.2% | 14.5% | 14.0% | 18.5% | 17.3% | -3.4% | 4.4% | 2.6% | 2.5% |
| ROA | 4.8% | 5.2% | 7.8% | 7.0% | 9.9% | 6.0% | 6.1% | 8.6% | 8.9% | -1.8% | 2.2% | 1.3% | 1.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.2B | 2.6B | 2.7B | 2.6B | 3.0B | 2.5B | 3.9B | 3.8B | 2.7B | 1.8B | 2.6B | 2.2B | 2.1B |
| Free Cash Flow | 546M | 1.7B | 2.0B | 1.5B | 1.8B | 1.3B | 2.7B | 2.6B | 800M | -187M | 1.5B | 1.2B | 1.2B |
| Owner Earnings | 607M | 1.8B | 1.9B | 1.8B | 2.0B | 1.3B | 2.6B | 2.6B | 1.4B | 362M | 1.1B | 705M | 662M |
| CapEx | 632M | 854M | 695M | 1.1B | 1.2B | 1.3B | 1.2B | 1.2B | 1.9B | 1.9B | 1.1B | 978M | 911M |
| Maint. CapEx | 520M | 701M | 697M | 748M | 933M | 1.1B | 1.2B | 1.2B | 1.2B | 1.3B | 1.4B | 1.4B | 1.4B |
| Growth CapEx | 112M | 153M | 0 | 321M | 267M | 173M | 21M | 14M | 696M | 610M | 0 | 0 | 0 |
| D&A | 520M | 701M | 697M | 748M | 933M | 1.1B | 1.2B | 1.2B | 1.2B | 1.3B | 1.4B | 1.4B | 1.4B |
| CapEx/OCF | 53.7% | 33.2% | 25.6% | 41.1% | 40.5% | 50.1% | 30.9% | 31.5% | 70.2% | 110.7% | 43.7% | 45.4% | 42.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 104M | 147M | 216M | 319M | 431M | 537M | 601M | 636M | 653M | 670M | 684M | 697M | 701M |
| Dividend Yield | 1.0% | 1.1% | 1.2% | 1.7% | 2.0% | 2.5% | 2.8% | 2.9% | 2.4% | 3.7% | 3.7% | 3.5% | 3.4% |
| Share Buybacks | 295M | 495M | 1.9B | 860M | 427M | 252M | 207M | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 2.8% | 3.7% | 8.4% | 4.5% | 2.4% | 1.0% | 1.1% | 0.3% | 3.2% | 2.2% | 0.2% | 1.0% | 0.0% |
| Stock-Based Comp | 51M | 69M | 81M | 92M | 69M | 77M | 89M | 91M | 93M | 61M | 101M | 100M | 100M |
| Debt Repayment | 639M | 2.0B | 714M | 3.2B | 1.3B | 3.2B | 1.2B | 2.6B | 1.2B | 603M | 1.6B | 1.3B | 1.3B |
| Balance Sheet | |||||||||||||
| Net Debt | 7.7B | 6.0B | 6.2B | 17.9B | 9.6B | 11.4B | 24.6B | 7.3B | 7.3B | 17.1B | 10.4B | 8.4B | 8.5B |
| Cash & Equiv. | 438M | 688M | 349M | 318M | 270M | 484M | 1.4B | 2.5B | 1.0B | 573M | 1.7B | 1.2B | 536M |
| Long-Term Debt | 7.5B | 6.0B | 6.2B | 9.3B | 8.0B | 9.8B | 10.8B | 8.3B | 7.9B | 7.6B | 9.7B | 7.9B | 7.9B |
| Debt/Equity | 0.92 | 0.69 | 0.68 | 1.74 | 0.76 | 0.84 | 1.71 | 0.56 | 0.42 | 0.98 | 0.66 | 0.54 | 0.50 |
| Interest Coverage | 10.8 | 7.4 | 11.4 | 10.5 | 8.5 | 6.0 | 6.2 | 10.3 | 12.1 | -1.1 | 2.9 | 2.4 | 2.4 |
| Equity | 8.9B | 9.7B | 9.6B | 10.5B | 13.0B | 14.2B | 15.3B | 17.7B | 19.7B | 18.1B | 18.4B | 18.1B | 18.1B |
| Total Assets | 23.9B | 23.0B | 22.4B | 28.1B | 32.2B | 33.6B | 34.5B | 36.3B | 36.8B | 36.3B | 37.1B | 36.7B | 35.2B |
| Total Liabilities | 15.0B | 13.3B | 3.1B | 17.5B | 19.0B | 19.2B | 19.1B | 18.5B | 17.1B | 18.0B | 18.6B | 18.4B | 2.2B |
| Intangibles | 5.3B | 5.2B | 5.1B | 6.2B | 6.8B | 7.0B | 6.8B | 6.5B | 6.3B | 6.1B | 5.9B | 5.6B | 5.5B |
| Retained Earnings | 5.7B | 6.8B | 8.3B | 9.8B | 12.6B | 14.0B | 15.1B | 17.5B | 20.1B | 18.8B | 18.9B | 18.6B | 18.6B |
| Working Capital | 2.4B | 1.8B | 2.1B | 2.2B | 1.1B | 1.4B | 3.4B | 3.5B | 4.3B | 2.2B | 5.0B | 3.5B | 4.0B |
| Current Assets | 6.2B | 5.4B | 4.9B | 6.3B | 6.2B | 6.9B | 7.6B | 9.8B | 9.6B | 8.7B | 9.8B | 9.9B | 8.9B |
| Current Liabilities | 3.8B | 3.5B | 2.8B | 4.0B | 5.0B | 5.5B | 4.2B | 6.3B | 5.3B | 6.5B | 4.8B | 6.4B | 4.8B |
| Per Share Data | |||||||||||||
| EPS | 2.37 | 2.95 | 4.53 | 4.79 | 8.04 | 5.40 | 5.64 | 8.34 | 8.92 | -1.87 | 2.25 | 1.33 | 1.28 |
| Owner EPS | 1.67 | 4.35 | 4.97 | 4.75 | 5.31 | 3.68 | 7.13 | 6.99 | 3.86 | 1.04 | 3.10 | 1.98 | 1.87 |
| Book Value | 24.39 | 23.43 | 24.62 | 28.46 | 35.24 | 38.82 | 41.74 | 48.51 | 54.27 | 52.33 | 51.72 | 50.74 | 51.12 |
| Cash Flow/Share | 3.23 | 6.21 | 6.96 | 7.02 | 8.02 | 6.85 | 10.60 | 10.51 | 7.40 | 5.06 | 7.28 | 6.05 | 5.17 |
| Dividends/Share | 0.29 | 0.36 | 0.55 | 0.86 | 1.17 | 1.46 | 1.64 | 1.74 | 1.80 | 1.93 | 1.92 | 1.96 | 1.98 |
| Shares Out. | 364.6M | 413.6M | 390.3M | 370.4M | 369.4M | 366.7M | 365.4M | 365.3M | 363.0M | 346.5M | 355.6M | 356.4M | 354.0M |
| Valuation | |||||||||||||
| P/E Ratio | 12.2 | 11.0 | 13.2 | 10.9 | 5.9 | 13.0 | 9.0 | 8.1 | 6.8 | N/A | 25.2 | 40.1 | 45.0 |
| P/FCF | 19.4 | 7.8 | 11.5 | 12.6 | 10.1 | 20.6 | 6.9 | 9.4 | 27.6 | N/A | 13.8 | 16.1 | 16.6 |
| EV/EBIT | 13.0 | 9.0 | 10.2 | 10.2 | 9.6 | 14.0 | 5.4 | 4.7 | 4.6 | N/A | 18.9 | 23.9 | 25.0 |
| Price/Book | 1.2 | 1.4 | 2.4 | 1.8 | 1.4 | 1.9 | 1.2 | 1.4 | 1.1 | 0.9 | 1.1 | 1.1 | 1.1 |
| Price/Sales | 0.3 | 0.3 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.3 | 0.3 | 0.4 | 0.4 |
| FCF Yield | 5.2% | 12.8% | 8.7% | 7.9% | 9.9% | 4.9% | 14.5% | 10.7% | 3.6% | -1.2% | 7.2% | 6.2% | 6.0% |
| Market Cap | 10.6B | 13.4B | 23.3B | 19.3B | 17.8B | 25.8B | 18.5B | 24.7B | 22.1B | 15.9B | 20.2B | 19.0B | 20.3B |
| Avg. Price | 28.06 | 31.73 | 48.09 | 50.11 | 57.02 | 57.98 | 59.04 | 60.96 | 74.89 | 52.65 | 52.07 | 55.91 | 57.45 |
| Year-End Price | 29.02 | 32.47 | 59.58 | 52.07 | 48.16 | 70.44 | 50.60 | 67.53 | 60.84 | 45.79 | 56.73 | 53.28 | 57.45 |
TYSON FOODS, INC. passes 1 of 9 quality checks, indicating weak fundamentals.
TYSON FOODS, INC. trades at 102.6x trailing earnings, compared to its 15-year median P/E of 10.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 14.6x vs a median of 12.6x. The company's 5-year average ROIC is 5.5% with a gross margin of 8.9%. Total shareholder yield (dividends) is 3.4%. At current prices, the estimated annualized return to fair value is -8.7%.
TYSON FOODS, INC. (TSN) has a net profit margin of 0.9%. This is a modest margin.
TYSON FOODS, INC. (TSN) generated $1.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TYSON FOODS, INC. (TSN) has a debt-to-equity ratio of 0.54. This indicates moderate leverage.
TYSON FOODS, INC. (TSN) reported earnings per share (EPS) of $1.33 in its most recent fiscal year.
TYSON FOODS, INC. (TSN) has a return on equity (ROE) of 2.6%. This indicates moderate shareholder returns.
TYSON FOODS, INC. (TSN) has a 5-year average gross margin of 8.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for TYSON FOODS, INC. (TSN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TYSON FOODS, INC. (TSN) has a book value per share of $50.74, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects chicken to remain the primary beneficiary of changing consumer preferences and tight cattle supplies throughout 2026 and into 2027, supported by strong operational execution, improved genetics, and targeted marketing investments. The company is raising full-year adjusted operating income guidance and sees continued momentum in Prepared Foods driven by volume growth, market share gains, and operational efficiencies, while Beef remains challenged by tight cattle supply but benefits from footprint optimization actions implemented in the second quarter. Pork is expected to deliver another strong year based on adequate hog supply, continued productivity improvements, and robust consumer demand. Management emphasizes disciplined capital allocation, improved return on invested capital metrics, and confidence that internal improvement initiatives will drive further upside beyond 2026, though the company acknowledges ongoing volatility in commodity markets and consumer demand dynamics.
Based on recent SEC filings and earnings calls, TYSON FOODS, INC. (TSN) has provided the following forward guidance: Total Company Adjusted Operating Income: $2.2 billion–$2.4 billion (FY2026); Full-year Sales: up 2%–4% year-over-year (FY2026); Interest Expense: approximately $365 million (FY2026); Tax Rate: around 25% (FY2026); Capital Expenditures: $700 million–$1 billion (FY2026), plus 7 additional metrics.
| International Segment Operating Income | $150 million–$200 million | FY2026 |
| Corporate Expenses and Amortization | $950 million–$975 million | FY2026 |
Total Company Adjusted Operating Income (FY2026): “We have increased our range for total company adjusted operating income by $100 million at the midpoint with a current range of $2.2 billion-$2.4 billion.”
Full-year Sales (FY2026): “We still anticipate full year sales to be up 2%-4% year-over-year.”
Interest Expense (FY2026): “We anticipate interest expense of approximately $365 million, lower than previous guidance by $5 million”
Tax Rate (FY2026): “a tax rate of around 25%”
Capital Expenditures (FY2026): “CapEx expected to be between $700 million and $1 billion”
Free Cash Flow (FY2026): “stronger free cash flow now in the range of $1.2 billion-$1.8 billion”
Prepared Foods Segment Operating Income (FY2026): “In Prepared Foods, we still expect segment operating income to be $1.25 billion-$1.35 billion.”
Chicken Segment Operating Income (FY2026): “Following the strong year-to-date performance in Chicken, we are increasing our expectations of segment operating income to a range of $1.9 billion-$2.05 billion, an increase of $200 million at the midpoint.”