Tyson Foods (TSN) Financials

$55.65 +0.39 (+0.71%)

Closing price 03:59 PM Eastern

Extended Trading

$55.65 0.00 (-0.01%)

As of 05:12 PM Eastern

Annual Income Statements for Tyson Foods

This table shows Tyson Foods' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024
Net Income / (Loss) Attributable to Common Shareholders	1,220	1,768	1,774	2,970	1,980	2,061	3,047	3,238	-648	800
Consolidated Net Income / (Loss)	1,224	1,772	1,778	2,973	1,993	2,071	3,060	3,249	-649	822
Net Income / (Loss) Continuing Operations	1,224	1,772	1,778	2,973	1,993	2,071	3,060	3,249	-649	822
Total Pre-Tax Income	1,921	2,598	2,628	2,682	2,374	2,664	4,041	4,149	-678	1,092
Total Operating Income	2,169	2,833	2,921	2,969	2,770	3,008	4,396	4,410	-395	1,409
Total Gross Profit	3,917	4,697	5,062	5,096	5,022	5,384	6,526	6,668	2,631	3,627
Total Revenue	41,373	36,881	38,260	40,052	42,405	43,185	47,049	53,282	52,881	53,309
Operating Revenue	41,373	36,881	38,260	40,052	42,405	43,185	47,049	53,282	52,881	53,309
Total Cost of Revenue	37,456	32,184	33,198	34,956	37,383	37,801	40,523	46,614	50,250	49,682
Operating Cost of Revenue	37,456	32,184	33,198	34,956	37,383	37,801	40,523	46,614	50,250	49,682
Total Operating Expenses	1,748	1,864	2,141	2,127	2,252	2,376	2,130	2,258	3,026	2,218
Selling, General & Admin Expense	1,748	1,864	2,141	2,127	2,252	2,376	2,130	2,258	2,245	2,218
Impairment Charge	-	-	-	-	-	-	0.00	0.00	781	0.00
Total Other Income / (Expense), net	-248	-235	-293	-287	-396	-344	-355	-261	-283	-317
Interest Expense	293	249	279	350	462	485	428	365	355	481
Interest & Investment Income	9.00	6.00	7.00	7.00	11	10	8.00	17	30	89
Other Income / (Expense), net	36	8.00	-21	56	55	131	65	87	42	75
Income Tax Expense	697	826	850	-291	381	593	981	900	-29	270
Net Income / (Loss) Attributable to Noncontrolling Interest	4.00	4.00	4.00	3.00	13	10	13	11	-1.00	22
Weighted Average Basic Shares Outstanding	405M	385M	398.70M	365M	363M	363M	0.00	0.00	0.00	0.00
Diluted Earnings per Share	$2.95	$4.53	$4.79	$8.04	$5.40	$5.64	$8.34	$8.92	($1.87)	$2.25
Weighted Average Diluted Shares Outstanding	413M	390M	370M	369M	366M	365M	365M	363M	284M	356M
Weighted Average Basic & Diluted Shares Outstanding	437.30M	417M	398.70M	398.40M	365.19M	364.14M	364.78M	0.00	0.00	0.00

This table shows Tyson Foods' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Net Income / (Loss) Attributable to Common Shareholders	538	316	-97	-417	-450	107	145	191	357	359	7.00
Consolidated Net Income / (Loss)	537	320	-91	-435	-443	114	148	196	364	366	14
Net Income / (Loss) Continuing Operations	537	320	-91	-435	-443	114	148	196	364	366	14
Total Pre-Tax Income	666	434	-130	-426	-556	161	203	253	475	478	30
Total Operating Income	766	467	-49	-350	-463	231	312	341	525	580	100
Total Gross Profit	1,307	968	527	677	459	823	866	878	1,060	1,095	600
Total Revenue	13,737	13,260	13,133	13,140	13,348	13,319	13,072	13,353	13,565	13,623	13,074
Operating Revenue	13,737	13,260	13,133	13,140	13,348	13,319	13,072	13,353	13,565	13,623	13,074
Total Cost of Revenue	12,430	12,292	12,606	12,463	12,889	12,496	12,206	12,475	12,505	12,528	12,474
Operating Cost of Revenue	12,430	12,292	12,606	12,463	12,889	12,496	12,206	12,475	12,505	12,528	12,474
Total Operating Expenses	541	501	576	1,027	922	592	554	537	535	515	500
Selling, General & Admin Expense	541	501	576	579	589	592	554	537	535	515	500
Total Other Income / (Expense), net	-100	-33	-81	-76	-93	-70	-109	-88	-50	-102	-70
Interest Expense	83	84	89	89	93	105	111	135	130	120	110
Interest & Investment Income	7.00	9.00	7.00	6.00	8.00	10	14	36	29	25	17
Other Income / (Expense), net	-24	42	1.00	7.00	-8.00	25	-12	11	51	-7.00	23
Income Tax Expense	129	114	-39	9.00	-113	47	55	57	111	112	16
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.00	4.00	6.00	-18	7.00	7.00	3.00	5.00	7.00	7.00	7.00
Basic Earnings per Share	-	$1.72	$0.00	($2.26)	-	$0.59	$0.00	$1.04	-	$1.96	$0.00
Weighted Average Basic Shares Outstanding	0.00	356M	0.00	354M	0.00	354M	0.00	354M	0.00	355M	0.00
Diluted Earnings per Share	$1.50	$0.88	($0.28)	($1.18)	($1.29)	$0.30	$0.41	$0.54	$1.00	$1.01	$0.02
Weighted Average Diluted Shares Outstanding	363M	358M	284M	284M	284M	355M	355M	356M	356M	357M	357M
Weighted Average Basic & Diluted Shares Outstanding	0.00	355.63M	355.61M	355.56M	0.00	356.35M	356.02M	355.83M	0.00	356.19M	356.23M

This table details how cash moves in and out of Tyson Foods' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024
Net Change in Cash & Equivalents	250	-339	-31	-48	214	982	1,171	-1,606	-458	1,144
Net Cash From Operating Activities	2,570	2,716	2,599	2,963	2,513	3,874	3,840	2,687	1,752	2,590
Net Cash From Continuing Operating Activities	2,570	2,716	2,599	2,963	2,513	3,874	3,845	2,700	1,752	2,590
Net Income / (Loss) Continuing Operations	1,224	1,772	1,778	2,973	1,993	2,071	3,060	3,249	-649	822
Consolidated Net Income / (Loss)	1,224	1,772	1,778	2,973	1,993	2,071	3,060	3,249	-649	822
Depreciation Expense	609	617	642	723	819	900	934	945	1,100	1,159
Amortization Expense	102	88	119	220	279	292	280	257	239	241
Non-Cash Adjustments To Reconcile Net Income	248	92	249	144	134	13	-690	76	1,058	189
Changes in Operating Assets and Liabilities, net	387	147	-189	-1,097	-712	598	261	-1,827	4.00	179
Net Cash From Investing Activities	-270	-684	-4,164	-1,906	-3,464	-1,423	58	-1,935	-2,299	-888
Net Cash From Continuing Investing Activities	-270	-684	-4,164	-1,906	-3,464	-1,423	58	-1,935	-2,299	-888
Purchase of Property, Plant & Equipment	-854	-695	-1,069	-1,200	-1,259	-1,199	-1,209	-1,887	-1,939	-1,132
Acquisitions	0.00	0.00	-3,081	-1,474	-2,462	-183	-44	-177	-377	-29
Purchase of Investments	-38	-46	-79	-42	-64	-105	-72	-35	-34	-38
Divestitures	539	0.00	0.00	797	170	29	1,188	0.00	0.00	174
Sale and/or Maturity of Investments	52	37	61	37	63	87	70	34	32	35
Other Investing Activities, net	31	20	4.00	-24	88	-52	125	130	19	102
Net Cash From Financing Activities	-2,035	-2,377	1,530	-1,102	1,171	-1,468	-2,731	-2,323	88	-581
Net Cash From Continuing Financing Activities	-2,035	-2,377	1,530	-1,102	1,171	-1,468	-2,731	-2,323	88	-581
Repayment of Debt	-3,323	-1,479	-12,852	-24,273	-21,630	-17,781	-2,654	-1,197	-7,722	-3,971
Repurchase of Common Equity	-495	-1,944	-860	-427	-252	-207	-67	-702	-354	-49
Payment of Dividends	-147	-216	-319	-431	-537	-601	-636	-653	-670	-684
Issuance of Debt	1,846	1,134	15,407	23,927	23,491	17,091	585	103	8,823	4,109
Other Financing Activities, net	84	128	154	102	99	30	41	126	11	14
Effect of Exchange Rate Changes	-15	6.00	4.00	-3.00	-6.00	-1.00	4.00	-35	-	23

This table details how cash moves in and out of Tyson Foods' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Net Change in Cash & Equivalents	-25	-377	-111	156	-126	911	698	387	-852	575	-1,300
Net Cash From Operating Activities	797	762	7.00	660	323	1,300	-123	796	617	1,031	-185
Net Cash From Continuing Operating Activities	810	762	7.00	660	323	1,300	-123	796	617	1,031	-185
Net Income / (Loss) Continuing Operations	537	320	-91	-435	-443	114	148	196	364	366	14
Consolidated Net Income / (Loss)	537	320	-91	-435	-443	114	148	196	364	366	14
Depreciation Expense	53	303	317	323	157	373	349	360	77	348	352
Non-Cash Adjustments To Reconcile Net Income	14	76	115	403	464	129	-8.00	41	27	78	68
Changes in Operating Assets and Liabilities, net	-51	63	-334	369	-94	684	-612	199	-92	239	-619
Net Cash From Investing Activities	-610	-669	-507	-696	-427	-378	-243	-233	-34	-233	-181
Net Cash From Continuing Investing Activities	-610	-669	-507	-696	-427	-378	-243	-233	-34	-233	-181
Purchase of Property, Plant & Equipment	-564	-589	-508	-467	-375	-354	-267	-263	-248	-271	-193
Purchase of Investments	-6.00	-7.00	-8.00	-6.00	-13	-7.00	-6.00	-10	-15	-15	-18
Sale and/or Maturity of Investments	6.00	7.00	7.00	6.00	12	6.00	6.00	9.00	14	16	14
Other Investing Activities, net	34	-5.00	3.00	7.00	14	3.00	24	33	42	39	16
Net Cash From Financing Activities	-195	-482	381	202	-13	-26	1,077	-168	-1,464	-195	-937
Net Cash From Continuing Financing Activities	-195	-482	381	202	-13	-26	1,077	-168	-1,464	-195	-937
Repayment of Debt	-49	-58	-4,244	-2,893	-527	-2,269	-291	-49	-1,362	-42	-775
Repurchase of Common Equity	-9.00	-313	-19	-11	-11	-13	-18	-13	-5.00	-15	-1.00
Payment of Dividends	-162	-169	-167	-167	-167	-171	-171	-171	-171	-175	-174
Issuance of Debt	24	54	4,807	3,271	691	2,420	1,556	64	69	22	9.00
Other Financing Activities, net	1.00	4.00	4.00	2.00	1.00	7.00	1.00	1.00	5.00	15	4.00
Effect of Exchange Rate Changes	-17	12	8.00	-10	-	15	-13	-8.00	29	-28	3.00

This table presents Tyson Foods' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024
Total Assets	0.00	0.00	0.00	29,109	32,918	34,456	36,309	36,821	36,251	37,100
Total Current Assets	0.00	0.00	0.00	5,688	6,990	7,598	9,822	9,630	8,722	9,751
Cash & Equivalents	-	-	-	270	484	1,420	2,507	1,031	573	1,717
Accounts Receivable	-	-	-	1,723	2,173	1,952	2,400	2,577	2,476	2,406
Inventories, net	-	-	-	3,513	3,929	3,859	4,382	5,514	5,328	5,195
Other Current Assets	-	-	-	182	404	367	533	508	345	433
Plant, Property, & Equipment, net	0.00	0.00	0.00	6,169	7,282	7,596	7,837	8,685	9,634	9,442
Total Noncurrent Assets	0.00	0.00	0.00	17,252	18,646	19,262	18,650	18,506	17,895	17,907
Goodwill	-	-	-	9,739	10,844	10,899	10,549	10,513	9,878	9,819
Intangible Assets	-	-	-	6,759	7,037	6,774	6,519	6,252	6,098	5,875
Other Noncurrent Operating Assets	-	-	-	754	765	1,589	1,582	1,741	1,919	2,213
Total Liabilities & Shareholders' Equity	757	43	951	29,109	32,918	34,456	36,309	36,821	36,251	37,100
Total Liabilities	715	0.00	906	16,298	18,824	19,070	18,455	17,010	17,996	18,586
Total Current Liabilities	715	0.00	906	5,031	5,513	4,234	6,325	5,313	6,499	4,787
Short-Term Debt	715	-	906	1,911	2,102	548	1,067	459	1,895	74
Accounts Payable	-	-	-	1,694	1,926	1,876	2,225	2,483	2,594	2,402
Other Current Liabilities	-	-	-	1,426	1,485	1,810	3,033	2,371	2,010	2,311
Total Noncurrent Liabilities	0.00	0.00	0.00	11,267	13,311	14,836	12,130	11,697	11,497	13,799
Long-Term Debt	-	-	-	7,962	9,830	10,791	8,281	7,862	7,611	9,713
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	2,107	2,309	2,317	2,195	2,458	2,308	2,285
Other Noncurrent Operating Liabilities	-	-	-	1,198	1,172	1,728	1,654	1,377	1,578	1,801
Total Equity & Noncontrolling Interests	42	43	45	12,811	14,094	15,386	17,854	19,811	18,255	18,514
Total Preferred & Common Equity	42	43	45	12,803	13,950	15,254	17,723	19,702	18,133	18,390
Total Common Equity	42	43	45	12,758	13,950	15,254	17,723	19,702	18,133	18,390
Common Stock	42	43	45	4,387	4,423	4,478	4,531	4,598	4,605	4,642
Retained Earnings	-	-	-	12,329	13,655	15,100	17,502	20,084	18,760	18,873
Treasury Stock	-	-	-	-3,943	-4,011	-4,145	-4,138	-4,683	-4,972	-4,941
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-15	-117	-179	-172	-297	-260	-184
Noncontrolling Interest	-	-	-	8.00	144	132	131	109	122	124

This table presents Tyson Foods' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Total Assets	36,821	36,678	0.00	36,761	36,251	36,746	37,465	37,732	37,100	37,310	36,280
Total Current Assets	9,630	8,953	0.00	8,883	8,722	9,216	9,966	10,572	9,751	10,082	9,168
Cash & Equivalents	1,031	654	-	699	573	1,484	2,182	2,569	1,717	2,292	992
Accounts Receivable	2,577	2,295	-	2,451	2,476	2,263	2,358	2,389	2,406	2,323	2,385
Inventories, net	5,514	5,596	-	5,391	5,328	5,087	5,056	5,033	5,195	5,114	5,395
Other Current Assets	508	408	-	342	345	382	370	581	433	353	396
Plant, Property, & Equipment, net	8,685	9,120	0.00	9,612	9,634	9,672	9,593	9,368	9,442	9,353	9,278
Total Noncurrent Assets	18,506	18,605	0.00	18,266	17,895	17,858	17,906	17,792	17,907	17,875	17,834
Goodwill	10,513	10,550	-	10,211	9,878	9,885	9,878	9,801	9,819	9,805	9,805
Intangible Assets	6,252	6,213	-	6,155	6,098	6,046	5,985	5,928	5,875	5,799	5,740
Other Noncurrent Operating Assets	1,741	1,842	-	1,900	1,919	1,927	2,043	2,063	2,213	2,271	2,289
Total Liabilities & Shareholders' Equity	36,821	36,678	3,548	36,761	36,251	36,746	37,465	37,732	37,100	37,310	36,280
Total Liabilities	17,010	16,891	3,503	17,851	17,996	18,458	19,242	19,530	18,586	18,683	17,749
Total Current Liabilities	5,313	5,114	1,065	4,948	6,499	6,172	5,633	5,810	4,787	4,780	5,494
Short-Term Debt	459	490	1,065	457	1,895	1,308	1,315	1,320	74	95	896
Accounts Payable	2,483	2,530	-	2,421	2,594	2,623	2,244	2,291	2,402	2,497	2,350
Other Current Liabilities	2,371	2,094	-	2,070	2,010	2,241	2,074	2,199	2,311	2,188	2,248
Total Noncurrent Liabilities	11,697	11,777	2,438	12,903	11,497	12,286	13,609	13,720	13,799	13,903	12,255
Long-Term Debt	7,862	7,859	-	8,863	7,611	8,370	9,645	9,701	9,713	9,711	8,172
Noncurrent Deferred & Payable Income Tax Liabilities	2,458	2,473	2,438	2,441	2,308	2,302	2,292	2,318	2,285	2,283	2,240
Other Noncurrent Operating Liabilities	1,377	1,445	-	1,599	1,578	1,614	1,672	1,701	1,801	1,909	1,843
Total Equity & Noncontrolling Interests	19,811	19,787	45	18,910	18,255	18,288	18,223	18,202	18,514	18,627	18,531
Total Preferred & Common Equity	19,702	19,635	45	18,779	18,133	18,150	18,089	18,076	18,390	18,503	18,400
Total Common Equity	19,702	19,635	45	18,779	18,133	18,150	18,089	18,076	18,390	18,503	18,400
Common Stock	4,598	4,569	45	4,588	4,605	4,571	4,601	4,623	4,642	4,655	4,689
Retained Earnings	20,084	20,225	-	19,378	18,760	18,693	18,667	18,687	18,873	19,054	18,886
Treasury Stock	-4,683	-4,944	-	-4,958	-4,972	-4,909	-4,927	-4,939	-4,941	-4,925	-4,922
Accumulated Other Comprehensive Income / (Loss)	-297	-215	-	-229	-260	-205	-252	-295	-184	-281	-253
Noncontrolling Interest	109	152	-	131	122	138	134	126	124	124	131

This table displays calculated financial ratios and metrics derived from Tyson Foods' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/3/2015	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.09%	-10.86%	3.74%	4.68%	5.87%	1.84%	8.95%	13.25%	-0.75%	0.81%
EBITDA Growth	52.91%	21.60%	3.24%	8.39%	-1.13%	10.40%	31.03%	0.42%	-82.70%	192.49%
EBIT Growth	60.13%	28.84%	2.08%	4.31%	-6.61%	11.12%	42.12%	0.81%	-107.85%	520.40%
NOPAT Growth	41.35%	39.82%	2.27%	66.54%	-29.34%	0.56%	42.35%	3.74%	-108.01%	483.59%
Net Income Growth	42.99%	44.77%	0.34%	67.21%	-32.96%	3.91%	47.75%	6.18%	-119.98%	226.66%
EPS Growth	24.47%	53.56%	5.74%	67.85%	-32.84%	4.44%	47.87%	6.95%	-120.96%	220.32%
Operating Cash Flow Growth	118.17%	5.68%	-4.31%	14.01%	-15.19%	54.16%	-0.88%	-30.03%	-34.80%	47.83%
Free Cash Flow Firm Growth	41.35%	39.82%	2.27%	-1,067.64%	95.80%	420.90%	52.94%	-73.41%	-134.71%	557.94%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	13.96%	-0.93%	-2.41%	9.74%	0.32%	-2.22%
Revenue Q/Q Growth	0.98%	-3.53%	2.65%	-0.36%	2.13%	1.35%	2.96%	1.77%	-0.73%	0.41%
EBITDA Q/Q Growth	14.00%	3.74%	6.12%	6.87%	0.33%	20.47%	28.54%	-13.80%	-46.88%	72.08%
EBIT Q/Q Growth	14.72%	1.21%	2.98%	3.70%	-8.13%	15.87%	28.01%	-20.98%	-141.05%	239.59%
NOPAT Q/Q Growth	7.85%	7.57%	1.25%	1.58%	-3.28%	15.62%	24.50%	-18.74%	-154.49%	924.51%
Net Income Q/Q Growth	11.17%	8.11%	0.17%	3.05%	-7.13%	18.75%	29.72%	-20.17%	-296.07%	5,380.00%
EPS Q/Q Growth	11.74%	9.69%	0.84%	3.21%	-7.38%	18.99%	29.91%	-19.86%	-303.26%	5,725.00%
Operating Cash Flow Q/Q Growth	11.40%	-1.98%	13.39%	-3.61%	-2.37%	5.10%	0.47%	-12.59%	-21.29%	12.80%
Free Cash Flow Firm Q/Q Growth	7.85%	7.57%	1.25%	-690.21%	96.64%	-3.74%	35.37%	-64.14%	-38.45%	69.77%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-2.96%	-1.41%	-2.90%	1.27%	-1.25%	-0.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.47%	12.74%	13.23%	12.72%	11.84%	12.47%	13.87%	12.51%	4.98%	6.80%
EBITDA Margin	7.05%	9.61%	9.57%	9.91%	9.25%	10.03%	12.06%	10.70%	1.86%	5.41%
Operating Margin	5.24%	7.68%	7.63%	7.41%	6.53%	6.97%	9.34%	8.28%	-0.75%	2.64%
EBIT Margin	5.33%	7.70%	7.58%	7.55%	6.66%	7.27%	9.48%	8.44%	-0.67%	2.78%
Profit (Net Income) Margin	2.96%	4.80%	4.65%	7.42%	4.70%	4.80%	6.50%	6.10%	-1.23%	1.54%
Tax Burden Percent	63.72%	68.21%	67.66%	110.85%	83.95%	77.74%	75.72%	78.31%	95.72%	75.27%
Interest Burden Percent	87.12%	91.45%	90.62%	88.66%	84.04%	84.87%	90.59%	92.26%	192.07%	73.58%
Effective Tax Rate	36.28%	31.79%	32.34%	-10.85%	16.05%	22.26%	24.28%	21.69%	0.00%	24.73%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	29.37%	9.70%	9.20%	13.32%	13.33%	-1.02%	3.94%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	22.71%	6.54%	6.69%	10.11%	10.44%	-5.61%	1.14%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	16.88%	5.12%	4.85%	5.10%	3.92%	-2.39%	0.53%
Return on Equity (ROE)	0.00%	0.00%	0.00%	46.25%	14.82%	14.05%	18.41%	17.25%	-3.41%	4.47%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	-170.63%	-3.35%	10.13%	15.76%	4.04%	-1.34%	6.19%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	20.78%	9.11%	9.32%	12.61%	12.30%	-0.97%	4.05%
Return on Assets (ROA)	0.00%	0.00%	0.00%	20.43%	6.43%	6.15%	8.65%	8.89%	-1.78%	2.24%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	46.06%	14.71%	13.92%	18.27%	17.14%	-3.39%	4.44%
Return on Equity Simple (ROE_SIMPLE)	2,914.29%	4,120.93%	3,951.11%	23.22%	14.29%	13.58%	17.27%	16.49%	-3.58%	4.47%
Net Operating Profit after Tax (NOPAT)	1,382	1,932	1,976	3,291	2,325	2,338	3,329	3,453	-277	1,061
NOPAT Margin	3.34%	5.24%	5.17%	8.22%	5.48%	5.41%	7.08%	6.48%	-0.52%	1.99%
Net Nonoperating Expense Percent (NNEP)	-376.23%	-377.14%	-450.53%	6.66%	3.16%	2.50%	3.21%	2.89%	4.59%	2.81%
Cost of Revenue to Revenue	90.53%	87.26%	86.77%	87.28%	88.16%	87.53%	86.13%	87.49%	95.02%	93.20%
SG&A Expenses to Revenue	4.23%	5.05%	5.60%	5.31%	5.31%	5.50%	4.53%	4.24%	4.25%	4.16%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	4.23%	5.05%	5.60%	5.31%	5.31%	5.50%	4.53%	4.24%	5.72%	4.16%
Earnings before Interest and Taxes (EBIT)	2,205	2,841	2,900	3,025	2,825	3,139	4,461	4,497	-353	1,484
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,916	3,546	3,661	3,968	3,923	4,331	5,675	5,699	986	2,884
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	325.92	530.66	474.81	1.46	1.95	1.27	1.48	1.12	0.96	1.15
Price to Tangible Book Value (P/TBV)	325.92	530.66	474.81	0.00	0.00	0.00	40.14	7.53	8.03	7.88
Price to Revenue (P/Rev)	0.33	0.62	0.56	0.47	0.64	0.45	0.56	0.42	0.33	0.40
Price to Earnings (P/E)	11.22	12.91	12.04	6.29	13.75	9.41	8.63	6.83	0.00	26.55
Dividend Yield	1.09%	0.97%	1.51%	2.20%	2.01%	3.16%	2.47%	2.99%	3.94%	3.28%
Earnings Yield	8.91%	7.75%	8.30%	15.90%	7.27%	10.63%	11.59%	14.63%	0.00%	3.77%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	1.26	1.52	1.16	1.35	1.09	0.97	1.11
Enterprise Value to Revenue (EV/Rev)	0.35	0.62	0.58	0.71	0.92	0.68	0.71	0.55	0.50	0.55
Enterprise Value to EBITDA (EV/EBITDA)	4.94	6.43	6.08	7.13	9.90	6.80	5.86	5.18	26.75	10.21
Enterprise Value to EBIT (EV/EBIT)	6.53	8.03	7.68	9.35	13.74	9.38	7.46	6.57	0.00	19.83
Enterprise Value to NOPAT (EV/NOPAT)	10.42	11.81	11.27	8.60	16.70	12.59	9.99	8.55	0.00	27.75
Enterprise Value to Operating Cash Flow (EV/OCF)	5.60	8.40	8.57	9.55	15.45	7.60	8.66	10.99	15.05	11.36
Enterprise Value to Free Cash Flow (EV/FCFF)	10.42	11.81	11.27	0.00	0.00	11.43	8.44	28.19	0.00	17.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	17.02	0.00	20.13	0.77	0.85	0.74	0.52	0.42	0.52	0.53
Long-Term Debt to Equity	0.00	0.00	0.00	0.62	0.70	0.70	0.46	0.40	0.42	0.52
Financial Leverage	-1.00	-1.00	-1.00	0.74	0.78	0.72	0.50	0.38	0.43	0.46
Leverage Ratio	0.00	0.00	0.00	2.26	2.31	2.29	2.13	1.94	1.92	1.99
Compound Leverage Factor	0.00	0.00	0.00	2.01	1.94	1.94	1.93	1.79	3.69	1.47
Debt to Total Capital	94.45%	0.00%	95.27%	43.52%	45.85%	42.43%	34.37%	29.58%	34.24%	34.58%
Short-Term Debt to Total Capital	94.45%	0.00%	95.27%	8.42%	8.08%	2.05%	3.92%	1.63%	6.83%	0.26%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	35.10%	37.77%	40.38%	30.44%	27.95%	27.42%	34.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.04%	0.55%	0.49%	0.48%	0.39%	0.44%	0.44%
Common Equity to Total Capital	5.55%	100.00%	4.73%	56.24%	53.60%	57.08%	65.15%	70.03%	65.32%	64.98%
Debt to EBITDA	0.25	0.00	0.25	2.49	3.04	2.62	1.65	1.46	9.64	3.39
Net Debt to EBITDA	0.25	0.00	0.25	2.42	2.92	2.29	1.21	1.28	9.06	2.80
Long-Term Debt to EBITDA	0.00	0.00	0.00	2.01	2.51	2.49	1.46	1.38	7.72	3.37
Debt to NOPAT	0.52	0.00	0.46	3.00	5.13	4.85	2.81	2.41	-34.38	9.23
Net Debt to NOPAT	0.52	0.00	0.46	2.92	4.92	4.24	2.06	2.11	-32.31	7.61
Long-Term Debt to NOPAT	0.00	0.00	0.00	2.42	4.23	4.61	2.49	2.28	-27.53	9.16
Altman Z-Score	0.00	0.00	0.00	3.03	3.07	2.89	3.35	3.53	2.80	3.13
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.41%	0.73%	0.94%	0.79%	0.64%	0.61%	0.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	1.13	1.27	1.79	1.55	1.81	1.34	2.04
Quick Ratio	0.00	0.00	0.00	0.40	0.48	0.80	0.78	0.68	0.47	0.86
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,382	1,932	1,976	-19,123	-803	2,575	3,939	1,047	-364	1,665
Operating Cash Flow to CapEx	300.94%	390.79%	243.12%	246.92%	199.60%	323.10%	317.62%	142.40%	90.36%	228.80%
Free Cash Flow to Firm to Interest Expense	4.72	7.76	7.08	-54.64	-1.74	5.31	9.20	2.87	-1.02	3.46
Operating Cash Flow to Interest Expense	8.77	10.91	9.32	8.47	5.44	7.99	8.97	7.36	4.94	5.38
Operating Cash Flow Less CapEx to Interest Expense	5.86	8.12	5.48	5.04	2.71	5.52	6.15	2.19	-0.53	3.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	2.75	1.37	1.28	1.33	1.46	1.45	1.45
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	21.77	20.94	21.62	21.41	20.93	21.84
Inventory Turnover	0.00	0.00	0.00	0.00	10.05	9.71	9.83	9.42	9.27	9.44
Fixed Asset Turnover	0.00	0.00	0.00	0.00	6.31	5.81	6.10	6.45	5.77	5.59
Accounts Payable Turnover	0.00	0.00	0.00	0.00	20.65	19.88	19.76	19.80	19.80	19.89
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	16.77	17.43	16.88	17.05	17.44	16.71
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	36.33	37.60	37.11	38.74	39.38	38.65
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	17.67	18.36	18.47	18.43	18.44	18.35
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	35.43	36.68	35.53	37.36	38.38	37.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	0.00	22,414	25,542	25,305	24,695	27,101	27,188	26,584
Invested Capital Turnover	0.00	0.00	0.00	3.57	1.77	1.70	1.88	2.06	1.95	1.98
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	22,414	3,128	-237	-610	2,406	87	-604
Enterprise Value (EV)	14,404	22,818	22,272	28,293	38,826	29,446	33,262	29,526	26,375	29,433
Market Capitalization	13,689	22,818	21,366	18,682	27,234	19,395	26,290	22,127	17,320	21,239
Book Value per Share	$0.11	$0.12	$0.13	$34.86	$38.25	$41.88	$48.58	$54.78	$51.00	$51.68
Tangible Book Value per Share	$0.11	$0.12	$0.13	($10.22)	($10.78)	($6.64)	$1.80	$8.17	$6.07	$7.58
Total Capital	757	43	951	22,684	26,026	26,725	27,202	28,132	27,761	28,301
Total Debt	715	0.00	906	9,873	11,932	11,339	9,348	8,321	9,506	9,787
Total Long-Term Debt	0.00	0.00	0.00	7,962	9,830	10,791	8,281	7,862	7,611	9,713
Net Debt	715	0.00	906	9,603	11,448	9,919	6,841	7,290	8,933	8,070
Capital Expenditures (CapEx)	854	695	1,069	1,200	1,259	1,199	1,209	1,887	1,939	1,132
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	0.00	2,298	3,095	2,492	2,057	3,745	3,545	3,321
Debt-free Net Working Capital (DFNWC)	0.00	0.00	0.00	2,568	3,579	3,912	4,564	4,776	4,118	5,038
Net Working Capital (NWC)	-715	0.00	-906	657	1,477	3,364	3,497	4,317	2,223	4,964
Net Nonoperating Expense (NNE)	158	160	198	318	332	267	269	204	373	239
Net Nonoperating Obligations (NNO)	-42	-43	-45	9,603	11,448	9,919	6,841	7,290	8,933	8,070
Total Depreciation and Amortization (D&A)	711	705	761	943	1,098	1,192	1,214	1,202	1,339	1,400
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	5.74%	7.30%	5.77%	4.37%	7.03%	6.70%	6.23%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	6.41%	8.44%	9.06%	9.70%	8.96%	7.79%	9.45%
Net Working Capital to Revenue	-1.73%	0.00%	-2.37%	1.64%	3.48%	7.79%	7.43%	8.10%	4.20%	9.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.85	$0.00	$0.00	$0.00	$0.00	$0.00	$16.27	$17.43	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	405M	0.00	0.00	0.00	365.19M	0.00	363M	360M	0.00	0.00
Adjusted Diluted Earnings per Share	$2.95	$0.00	$0.00	$0.00	$5.52	$0.00	$8.34	$8.92	($1.87)	$2.25
Adjusted Weighted Average Diluted Shares Outstanding	413M	0.00	0.00	0.00	366M	0.00	365M	363M	284M	356M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	365.66M	0.00	0.00	0.00	365.19M	0.00	364.78M	359.59M	355.24M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	1,382	1,932	1,976	2,078	2,325	2,338	3,329	3,453	270	1,061
Normalized NOPAT Margin	3.34%	5.24%	5.17%	5.19%	5.48%	5.41%	7.08%	6.48%	0.51%	1.99%
Pre Tax Income Margin	4.64%	7.04%	6.87%	6.70%	5.60%	6.17%	8.59%	7.79%	-1.28%	2.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.53	11.41	10.39	8.64	6.11	6.47	10.42	12.32	-0.99	3.09
NOPAT to Interest Expense	4.72	7.76	7.08	9.40	5.03	4.82	7.78	9.46	-0.78	2.21
EBIT Less CapEx to Interest Expense	4.61	8.62	6.56	5.21	3.39	4.00	7.60	7.15	-6.46	0.73
NOPAT Less CapEx to Interest Expense	1.80	4.97	3.25	5.97	2.31	2.35	4.95	4.29	-6.24	-0.15
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	12.01%	12.19%	17.94%	14.50%	26.94%	29.02%	20.78%	20.10%	-103.24%	83.21%
Augmented Payout Ratio	52.45%	121.90%	66.31%	28.86%	39.59%	39.02%	22.97%	41.71%	-157.78%	89.17%

This table displays calculated financial ratios and metrics derived from Tyson Foods' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.23%	2.53%	0.12%	-2.63%	-2.83%	0.44%	-0.46%	1.62%	1.63%	2.28%	0.02%
EBITDA Growth	-59.52%	-55.06%	-81.78%	-101.47%	-139.50%	-22.54%	141.26%	3,660.00%	307.96%	46.42%	-26.81%
EBIT Growth	-61.67%	-66.22%	-104.06%	-132.15%	-163.48%	-49.71%	725.00%	202.62%	222.29%	123.83%	-59.00%
NOPAT Growth	-56.28%	-70.37%	-103.87%	-131.06%	-152.47%	-52.50%	763.17%	207.83%	224.13%	171.51%	-79.48%
Net Income Growth	-60.46%	-71.58%	-110.92%	-157.77%	-182.50%	-64.38%	262.64%	145.06%	182.17%	221.05%	-90.54%
EPS Growth	-59.57%	-71.34%	-112.28%	-157.00%	-186.00%	-65.91%	246.43%	145.76%	177.52%	236.67%	-95.12%
Operating Cash Flow Growth	-32.69%	-46.79%	103.37%	-0.90%	-59.47%	70.60%	-1,857.14%	20.61%	91.02%	-20.69%	-50.41%
Free Cash Flow Firm Growth	-188.41%	-331.76%	32,256.84%	-87.93%	77.01%	153.19%	-201.58%	212.43%	344.79%	-32.53%	101.51%
Invested Capital Growth	9.74%	10.15%	-109.25%	2.88%	0.32%	-3.64%	1,207.51%	-3.19%	-2.22%	-1.29%	-1.46%
Revenue Q/Q Growth	1.79%	-3.47%	-0.96%	0.05%	1.58%	-0.22%	-1.85%	2.15%	1.59%	0.43%	-4.03%
EBITDA Q/Q Growth	-41.72%	2.14%	-66.87%	-107.43%	-1,470.00%	300.32%	3.18%	9.71%	-8.29%	41.04%	-48.43%
EBIT Q/Q Growth	-30.46%	-31.40%	-109.43%	-614.58%	-37.32%	154.35%	17.19%	17.33%	63.64%	-0.52%	-78.53%
NOPAT Q/Q Growth	-21.71%	-44.25%	-109.96%	-614.29%	-32.29%	150.47%	39.07%	16.14%	52.29%	10.39%	-89.49%
Net Income Q/Q Growth	-28.69%	-40.41%	-128.44%	-378.02%	-1.84%	125.73%	29.82%	32.43%	85.71%	0.55%	-96.17%
EPS Q/Q Growth	-27.54%	-41.33%	-131.82%	-321.43%	-9.32%	123.26%	36.67%	31.71%	85.19%	1.00%	-98.02%
Operating Cash Flow Q/Q Growth	19.67%	-4.39%	-99.08%	9,328.57%	-51.06%	302.48%	-109.46%	747.15%	-22.49%	67.10%	-117.94%
Free Cash Flow Firm Q/Q Growth	-231.11%	-22.33%	1,414.54%	-103.53%	59.50%	383.04%	-2,610.52%	103.91%	-11.82%	-21.98%	-43.87%
Invested Capital Q/Q Growth	1.27%	1.41%	-108.87%	1,229.25%	-1.25%	-2.60%	1.96%	-1.29%	-0.26%	-1.67%	1.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.51%	7.30%	4.01%	5.15%	3.44%	6.18%	6.62%	6.58%	7.81%	8.04%	4.59%
EBITDA Margin	5.79%	6.12%	2.05%	-0.15%	-2.35%	4.72%	4.96%	5.33%	4.81%	6.76%	3.63%
Operating Margin	5.58%	3.52%	-0.37%	-2.66%	-3.47%	1.73%	2.39%	2.55%	3.87%	4.26%	0.76%
EBIT Margin	5.40%	3.84%	-0.37%	-2.61%	-3.53%	1.92%	2.30%	2.64%	4.25%	4.21%	0.94%
Profit (Net Income) Margin	3.91%	2.41%	-0.69%	-3.31%	-3.32%	0.86%	1.13%	1.47%	2.68%	2.69%	0.11%
Tax Burden Percent	80.63%	73.73%	70.00%	102.11%	79.68%	70.81%	72.91%	77.47%	76.63%	76.57%	46.67%
Interest Burden Percent	89.76%	85.27%	270.83%	124.20%	118.05%	62.89%	67.67%	71.88%	82.47%	83.42%	24.39%
Effective Tax Rate	19.37%	26.27%	0.00%	0.00%	0.00%	29.19%	27.09%	22.53%	23.37%	23.43%	53.33%
Return on Invested Capital (ROIC)	9.25%	5.31%	-1.17%	-3.66%	-4.73%	2.41%	7.49%	3.88%	5.88%	6.64%	0.71%
ROIC Less NNEP Spread (ROIC-NNEP)	8.11%	4.97%	-3.58%	-6.05%	-6.20%	1.79%	4.97%	3.08%	5.43%	5.65%	0.33%
Return on Net Nonoperating Assets (RNNOA)	3.04%	1.83%	-0.88%	-2.50%	-2.64%	0.75%	1.71%	1.42%	2.51%	2.40%	0.15%
Return on Equity (ROE)	12.29%	7.14%	-2.05%	-6.16%	-7.37%	3.15%	9.20%	5.29%	8.39%	9.05%	0.86%
Cash Return on Invested Capital (CROIC)	4.04%	0.39%	0.00%	-0.97%	-1.34%	2.07%	-109.73%	3.62%	6.19%	6.39%	5.86%
Operating Return on Assets (OROA)	7.87%	5.60%	-1.09%	-3.81%	-5.11%	2.77%	6.48%	3.76%	6.17%	6.09%	1.37%
Return on Assets (ROA)	5.70%	3.52%	-2.07%	-4.83%	-4.80%	1.23%	3.20%	2.09%	3.90%	3.89%	0.16%
Return on Common Equity (ROCE)	12.21%	7.08%	-2.03%	-6.12%	-7.33%	3.13%	9.14%	5.26%	8.34%	8.98%	0.86%
Return on Equity Simple (ROE_SIMPLE)	0.00%	12.44%	3,375.56%	1.76%	0.00%	-4.71%	-3.41%	0.08%	0.00%	5.80%	5.11%
Net Operating Profit after Tax (NOPAT)	618	344	-34	-245	-324	164	227	264	402	444	47
NOPAT Margin	4.50%	2.60%	-0.26%	-1.86%	-2.43%	1.23%	1.74%	1.98%	2.97%	3.26%	0.36%
Net Nonoperating Expense Percent (NNEP)	1.14%	0.35%	2.41%	2.39%	1.47%	0.62%	2.52%	0.80%	0.45%	0.99%	0.39%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	0.58%	-	-	-	1.56%	0.17%
Cost of Revenue to Revenue	90.49%	92.70%	95.99%	94.85%	96.56%	93.82%	93.38%	93.42%	92.19%	91.96%	95.41%
SG&A Expenses to Revenue	3.94%	3.78%	4.39%	4.41%	4.41%	4.44%	4.24%	4.02%	3.94%	3.78%	3.82%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	3.94%	3.78%	4.39%	7.82%	6.91%	4.44%	4.24%	4.02%	3.94%	3.78%	3.82%
Earnings before Interest and Taxes (EBIT)	742	509	-48	-343	-471	256	300	352	576	573	123
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	795	812	269	-20	-314	629	649	712	653	921	475
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.12	1.08	447.59	0.93	0.96	1.02	1.15	1.13	1.15	1.11	1.21
Price to Tangible Book Value (P/TBV)	7.53	7.38	447.59	7.25	8.03	8.32	9.32	8.67	7.88	7.12	7.78
Price to Revenue (P/Rev)	0.42	0.40	0.38	0.33	0.33	0.35	0.39	0.38	0.40	0.38	0.41
Price to Earnings (P/E)	6.83	8.71	13.37	51.44	0.00	0.00	0.00	0.00	26.55	19.61	24.31
Dividend Yield	2.99%	3.15%	3.32%	3.86%	3.94%	3.71%	3.33%	3.41%	3.28%	3.40%	3.17%
Earnings Yield	14.63%	11.48%	7.48%	1.94%	0.00%	0.00%	0.00%	0.00%	3.77%	5.10%	4.11%
Enterprise Value to Invested Capital (EV/IC)	1.09	1.06	0.00	0.95	0.97	1.01	1.10	1.09	1.11	1.08	1.14
Enterprise Value to Revenue (EV/Rev)	0.55	0.54	0.40	0.49	0.50	0.51	0.56	0.54	0.55	0.53	0.57
Enterprise Value to EBITDA (EV/EBITDA)	5.18	6.53	6.55	14.14	26.75	47.52	31.42	17.26	10.21	9.63	11.02
Enterprise Value to EBIT (EV/EBIT)	6.57	8.30	9.34	30.51	0.00	0.00	0.00	66.18	19.83	15.70	18.73
Enterprise Value to NOPAT (EV/NOPAT)	8.55	11.03	12.32	51.71	0.00	0.00	0.00	279.37	27.75	21.09	25.88
Enterprise Value to Operating Cash Flow (EV/OCF)	10.99	14.40	9.50	11.79	15.05	11.70	13.73	12.60	11.36	12.18	13.47
Enterprise Value to Free Cash Flow (EV/FCFF)	28.19	282.82	0.70	0.00	0.00	48.01	0.00	29.50	17.68	16.82	19.38
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.42	0.42	23.67	0.49	0.52	0.53	0.60	0.61	0.53	0.53	0.49
Long-Term Debt to Equity	0.40	0.40	0.00	0.47	0.42	0.46	0.53	0.53	0.52	0.52	0.44
Financial Leverage	0.38	0.37	0.25	0.41	0.43	0.42	0.34	0.46	0.46	0.43	0.46
Leverage Ratio	1.94	1.92	1.87	1.90	1.92	1.93	2.05	2.01	1.99	2.01	2.01
Compound Leverage Factor	1.74	1.64	5.06	2.36	2.27	1.21	1.39	1.44	1.65	1.67	0.49
Debt to Total Capital	29.58%	29.67%	95.95%	33.01%	34.24%	34.61%	37.56%	37.71%	34.58%	34.49%	32.86%
Short-Term Debt to Total Capital	1.63%	1.74%	95.95%	1.62%	6.83%	4.68%	4.51%	4.52%	0.26%	0.33%	3.25%
Long-Term Debt to Total Capital	27.95%	27.93%	0.00%	31.40%	27.42%	29.93%	33.05%	33.20%	34.32%	34.15%	29.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.39%	0.54%	0.00%	0.46%	0.44%	0.49%	0.46%	0.43%	0.44%	0.44%	0.47%
Common Equity to Total Capital	70.03%	69.79%	4.05%	66.52%	65.32%	64.90%	61.98%	61.86%	64.98%	65.08%	66.67%
Debt to EBITDA	1.46	1.88	0.33	5.02	9.64	17.16	11.61	6.58	3.39	3.34	3.28
Net Debt to EBITDA	1.28	1.73	0.33	4.64	9.06	14.53	9.30	5.04	2.80	2.56	2.93
Long-Term Debt to EBITDA	1.38	1.77	0.00	4.78	7.72	14.84	10.22	5.79	3.37	3.31	2.96
Debt to NOPAT	2.41	3.17	0.62	18.37	-34.38	-21.91	-57.99	106.46	9.23	7.32	7.71
Net Debt to NOPAT	2.11	2.92	0.62	16.99	-32.31	-18.55	-46.44	81.64	7.61	5.61	6.87
Long-Term Debt to NOPAT	2.28	2.98	0.00	17.47	-27.53	-18.95	-51.03	93.71	9.16	7.25	6.95
Altman Z-Score	3.20	3.16	0.00	2.87	2.79	2.88	2.92	2.91	3.05	3.04	3.09
Noncontrolling Interest Sharing Ratio	0.64%	0.76%	0.74%	0.69%	0.61%	0.76%	0.73%	0.69%	0.67%	0.71%	0.72%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.81	1.75	0.00	1.80	1.34	1.49	1.77	1.82	2.04	2.11	1.67
Quick Ratio	0.68	0.58	0.00	0.64	0.47	0.61	0.81	0.85	0.86	0.97	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,788	-2,188	28,758	-1,015	-411	1,164	-29,212	1,141	1,006	785	441
Operating Cash Flow to CapEx	141.31%	129.37%	1.38%	141.33%	86.13%	367.23%	-46.07%	302.66%	248.79%	380.44%	-95.85%
Free Cash Flow to Firm to Interest Expense	-21.55	-26.04	323.12	-11.40	-4.42	11.08	-263.17	8.45	7.74	6.54	4.01
Operating Cash Flow to Interest Expense	9.60	9.07	0.08	7.42	3.47	12.38	-1.11	5.90	4.75	8.59	-1.68
Operating Cash Flow Less CapEx to Interest Expense	2.81	2.06	-5.63	2.17	-0.56	9.01	-3.51	3.95	2.84	6.33	-3.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.46	1.46	2.99	1.46	1.45	1.44	2.82	1.43	1.45	1.45	1.45
Accounts Receivable Turnover	21.41	24.45	0.00	21.44	20.93	23.23	0.00	21.94	21.84	23.38	22.61
Inventory Turnover	9.42	9.55	0.00	9.29	9.27	9.45	0.00	9.61	9.44	9.75	9.57
Fixed Asset Turnover	6.45	6.26	0.00	5.92	5.77	5.63	0.00	5.59	5.59	5.64	5.68
Accounts Payable Turnover	19.80	20.66	0.00	21.07	19.80	19.58	0.00	21.25	19.89	19.42	21.76
Days Sales Outstanding (DSO)	17.05	14.93	0.00	17.02	17.44	15.71	0.00	16.64	16.71	15.61	16.14
Days Inventory Outstanding (DIO)	38.74	38.22	0.00	39.30	39.38	38.64	0.00	38.00	38.65	37.45	38.16
Days Payable Outstanding (DPO)	18.43	17.67	0.00	17.33	18.44	18.64	0.00	17.18	18.35	18.80	16.77
Cash Conversion Cycle (CCC)	37.36	35.49	0.00	39.00	38.38	35.72	0.00	37.46	37.02	34.26	37.53
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	27,101	27,482	-2,438	27,531	27,188	26,482	27,001	26,654	26,584	26,141	26,607
Invested Capital Turnover	2.06	2.04	4.48	1.96	1.95	1.96	4.31	1.96	1.98	2.04	2.00
Increase / (Decrease) in Invested Capital	2,406	2,532	-28,792	770	87	-1,000	29,439	-877	-604	-341	-394
Enterprise Value (EV)	29,526	29,049	21,206	26,242	26,375	26,803	29,661	28,921	29,433	28,267	30,423
Market Capitalization	22,127	21,202	20,141	17,490	17,320	18,471	20,749	20,343	21,239	20,629	22,216
Book Value per Share	$54.78	$54.60	$0.13	$52.81	$51.00	$51.09	$50.76	$50.77	$51.68	$51.99	$51.66
Tangible Book Value per Share	$8.17	$7.99	$0.13	$6.79	$6.07	$6.25	$6.25	$6.59	$7.58	$8.15	$8.02
Total Capital	28,132	28,136	1,110	28,230	27,761	27,966	29,183	29,223	28,301	28,433	27,599
Total Debt	8,321	8,349	1,065	9,320	9,506	9,678	10,960	11,021	9,787	9,806	9,068
Total Long-Term Debt	7,862	7,859	0.00	8,863	7,611	8,370	9,645	9,701	9,713	9,711	8,172
Net Debt	7,290	7,695	1,065	8,621	8,933	8,194	8,778	8,452	8,070	7,514	8,076
Capital Expenditures (CapEx)	564	589	508	467	375	354	267	263	248	271	193
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,745	3,675	0.00	3,693	3,545	2,868	3,466	3,513	3,321	3,105	3,578
Debt-free Net Working Capital (DFNWC)	4,776	4,329	0.00	4,392	4,118	4,352	5,648	6,082	5,038	5,397	4,570
Net Working Capital (NWC)	4,317	3,839	-1,065	3,935	2,223	3,044	4,333	4,762	4,964	5,302	3,674
Net Nonoperating Expense (NNE)	81	24	57	190	119	50	79	68	38	78	33
Net Nonoperating Obligations (NNO)	7,290	7,695	-2,483	8,621	8,933	8,194	8,778	8,452	8,070	7,514	8,076
Total Depreciation and Amortization (D&A)	53	303	317	323	157	373	349	360	77	348	352
Debt-free, Cash-free Net Working Capital to Revenue	7.03%	6.86%	0.00%	6.93%	6.70%	5.42%	6.55%	6.62%	6.23%	5.79%	6.67%
Debt-free Net Working Capital to Revenue	8.96%	8.08%	0.00%	8.24%	7.79%	8.22%	10.68%	11.46%	9.45%	10.07%	8.52%
Net Working Capital to Revenue	8.10%	7.16%	-1.99%	7.39%	4.20%	5.75%	8.19%	8.97%	9.31%	9.89%	6.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.72	($0.53)	($1.18)	$0.00	$0.59	$0.00	$1.04	$0.00	$1.96	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	356M	354M	284M	0.00	354M	0.00	354M	0.00	355M	0.00
Adjusted Diluted Earnings per Share	$1.50	$0.88	($0.28)	($1.18)	($1.29)	$0.30	$0.41	$0.54	$1.00	$1.01	$0.02
Adjusted Weighted Average Diluted Shares Outstanding	363M	358M	354M	354M	284M	355M	355M	356M	356M	357M	357M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	355.63M	355.61M	355.56M	0.00	356.35M	356.02M	355.83M	0.00	356.19M	356.23M
Normalized Net Operating Profit after Tax (NOPAT)	618	344	-34	69	-91	164	227	264	402	444	70
Normalized NOPAT Margin	4.50%	2.60%	-0.26%	0.52%	-0.68%	1.23%	1.74%	1.98%	2.97%	3.26%	0.54%
Pre Tax Income Margin	4.85%	3.27%	-0.99%	-3.24%	-4.17%	1.21%	1.55%	1.89%	3.50%	3.51%	0.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.94	6.06	-0.54	-3.85	-5.06	2.44	2.70	2.61	4.43	4.78	1.12
NOPAT to Interest Expense	7.44	4.10	-0.39	-2.75	-3.48	1.56	2.05	1.96	3.09	3.70	0.42
EBIT Less CapEx to Interest Expense	2.14	-0.95	-6.25	-9.10	-9.10	-0.93	0.30	0.66	2.52	2.52	-0.64
NOPAT Less CapEx to Interest Expense	0.65	-2.91	-6.09	-8.00	-7.52	-1.81	-0.36	0.01	1.19	1.44	-1.33
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.10%	26.93%	43.52%	200.91%	-103.24%	-78.60%	-109.74%	4,533.33%	83.21%	64.06%	73.51%
Augmented Payout Ratio	41.71%	54.24%	77.95%	307.25%	-157.78%	-84.91%	-118.34%	4,900.00%	89.17%	68.81%	77.13%

Frequently Asked Questions About Tyson Foods' Financials

When does Tyson Foods's fiscal year end?

According to the most recent income statement we have on file, Tyson Foods' financial year ends in September. Their financial year 2024 ended on September 28, 2024.

How has Tyson Foods' net income changed over the last 9 years?

Tyson Foods' net income appears to be on a downward trend, with a most recent value of $822 million in 2024, falling from $1.22 billion in 2015. The previous period was -$649 million in 2023. Check out Tyson Foods' forecast to explore projected trends and price targets.

What is Tyson Foods's operating income?

Tyson Foods's total operating income in 2024 was $1.41 billion, based on the following breakdown:

Total Gross Profit: $3.63 billion
Total Operating Expenses: $2.22 billion

How has Tyson Foods revenue changed over the last 9 years?

Over the last 9 years, Tyson Foods' total revenue changed from $41.37 billion in 2015 to $53.31 billion in 2024, a change of 28.8%.

How much debt does Tyson Foods have?

Tyson Foods' total liabilities were at $18.59 billion at the end of 2024, a 3.3% increase from 2023, and a 2,499.4% increase since 2015.

How much cash does Tyson Foods have?

In the past 9 years, Tyson Foods' cash and equivalents has ranged from $0.00 in 2015 to $2.51 billion in 2021, and is currently $1.72 billion as of their latest financial filing in 2024.

How has Tyson Foods' book value per share changed over the last 9 years?

Over the last 9 years, Tyson Foods' book value per share changed from 0.11 in 2015 to 51.68 in 2024, a change of 45,962.4%.

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This page (NYSE:TSN) was last updated on 6/10/2025 by MarketBeat.com Staff

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Tyson Foods (TSN) Financials

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Tyson Foods (TSN) Financials

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