Tyson Foods (TSN) Financials

$66.44 -0.08 (-0.12%)

Closing price 05/21/2026 03:59 PM Eastern

Extended Trading

$66.54 +0.10 (+0.15%)

As of 07:03 AM 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	2025
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	9/27/2025
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	474
Consolidated Net Income / (Loss)	1,224	1,772	1,778	2,973	1,993	2,071	3,060	3,249	-649	822	507
Net Income / (Loss) Continuing Operations	1,224	1,772	1,778	2,973	1,993	2,071	3,060	3,249	-649	822	507
Total Pre-Tax Income	1,921	2,598	2,628	2,682	2,374	2,664	4,041	4,149	-678	1,092	769
Total Operating Income	2,169	2,833	2,921	2,969	2,770	3,008	4,396	4,410	-395	1,409	1,098
Total Gross Profit	3,917	4,697	5,062	5,096	5,022	5,384	6,526	6,668	2,631	3,627	3,562
Total Revenue	41,373	36,881	38,260	40,052	42,405	43,185	47,049	53,282	52,881	53,309	54,441
Operating Revenue	41,373	36,881	38,260	40,052	42,405	43,185	47,049	53,282	52,881	53,309	54,441
Total Cost of Revenue	37,456	32,184	33,198	34,956	37,383	37,801	40,523	46,614	50,250	49,682	50,879
Operating Cost of Revenue	37,456	32,184	33,198	34,956	37,383	37,801	40,523	46,614	50,250	49,682	50,879
Total Operating Expenses	1,748	1,864	2,141	2,127	2,252	2,376	2,130	2,258	3,026	2,218	2,464
Selling, General & Admin Expense	1,748	1,864	2,141	2,127	2,252	2,376	2,130	2,258	2,245	2,218	2,121
Impairment Charge	-	-	-	-	-	-	0.00	0.00	781	0.00	343
Total Other Income / (Expense), net	-248	-235	-293	-287	-396	-344	-355	-261	-283	-317	-329
Interest Expense	293	249	279	350	462	485	428	365	355	481	449
Interest & Investment Income	9.00	6.00	7.00	7.00	11	10	8.00	17	30	89	73
Other Income / (Expense), net	36	8.00	-21	56	55	131	65	87	42	75	47
Income Tax Expense	697	826	850	-291	381	593	981	900	-29	270	262
Net Income / (Loss) Attributable to Noncontrolling Interest	4.00	4.00	4.00	3.00	13	10	13	11	-1.00	22	33
Basic Earnings per Share	$5.85	$8.91	-	$15.75	$10.55	$11.00	$0.00	-	($3.55)	$0.00	$2.59
Weighted Average Basic Shares Outstanding	405M	385M	398.70M	365M	363M	363M	0.00	0.00	354M	0.00	355M
Diluted Earnings per Share	$2.95	$4.53	$4.79	$8.04	$5.40	$5.64	$8.34	$8.92	($1.87)	$2.25	$1.33
Weighted Average Diluted Shares Outstanding	413M	390M	370M	369M	366M	365M	365M	363M	284M	356M	357M
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	353.05M

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 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Income / (Loss) Attributable to Common Shareholders	-450	107	145	191	357	359	7.00	61	47	85	260
Consolidated Net Income / (Loss)	-443	114	148	196	364	366	14	69	58	90	264
Net Income / (Loss) Continuing Operations	-443	114	148	196	364	366	14	69	58	90	264
Total Pre-Tax Income	-556	161	203	253	475	478	30	193	68	127	359
Total Operating Income	-463	231	312	341	525	580	100	260	158	302	435
Total Gross Profit	459	823	866	878	1,060	1,095	600	1,141	726	808	962
Total Revenue	13,348	13,319	13,072	13,353	13,565	13,623	13,074	13,884	13,860	14,313	13,653
Operating Revenue	13,348	13,319	13,072	13,353	13,565	13,623	13,074	13,884	13,860	14,313	13,653
Total Cost of Revenue	12,889	12,496	12,206	12,475	12,505	12,528	12,474	12,743	13,134	13,505	12,691
Operating Cost of Revenue	12,889	12,496	12,206	12,475	12,505	12,528	12,474	12,743	13,134	13,505	12,691
Total Operating Expenses	922	592	554	537	535	515	500	881	568	506	527
Selling, General & Admin Expense	589	592	554	537	535	515	500	538	568	506	527
Total Other Income / (Expense), net	-93	-70	-109	-88	-50	-102	-70	-67	-90	-175	-76
Interest Expense	93	105	111	135	130	120	110	113	106	104	97
Interest & Investment Income	8.00	10	14	36	29	25	17	15	16	13	8.00
Other Income / (Expense), net	-8.00	25	-12	11	51	-7.00	23	31	-	-84	13
Income Tax Expense	-113	47	55	57	111	112	16	124	10	37	95
Net Income / (Loss) Attributable to Noncontrolling Interest	7.00	7.00	3.00	5.00	7.00	7.00	7.00	8.00	11	5.00	4.00
Basic Earnings per Share	-	$0.59	$0.00	$1.04	-	$0.00	$0.00	$0.34	$0.29	$0.47	$1.43
Weighted Average Basic Shares Outstanding	0.00	354M	0.00	354M	0.00	0.00	0.00	355M	355M	352M	353M
Diluted Earnings per Share	($1.29)	$0.30	$0.41	$0.54	$1.00	$1.01	$0.02	$0.17	$0.13	$0.24	$0.73
Weighted Average Diluted Shares Outstanding	284M	355M	355M	356M	356M	357M	357M	357M	357M	354M	354M
Weighted Average Basic & Diluted Shares Outstanding	0.00	356.35M	356.02M	355.83M	0.00	356.19M	356.23M	355.77M	353.05M	352.08M	352.13M

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	2025
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	9/27/2025
Net Change in Cash & Equivalents	250	-339	-31	-48	214	982	1,171	-1,606	-458	1,144	-488
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	2,155
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	2,155
Net Income / (Loss) Continuing Operations	1,224	1,772	1,778	2,973	1,993	2,071	3,060	3,249	-649	822	507
Consolidated Net Income / (Loss)	1,224	1,772	1,778	2,973	1,993	2,071	3,060	3,249	-649	822	507
Depreciation Expense	609	617	642	723	819	900	934	945	1,100	1,159	1,093
Amortization Expense	102	88	119	220	279	292	280	257	239	241	268
Non-Cash Adjustments To Reconcile Net Income	248	92	249	144	134	13	-690	76	875	189	469
Changes in Operating Assets and Liabilities, net	387	147	-189	-1,097	-712	598	261	-1,827	187	179	-182
Net Cash From Investing Activities	-270	-684	-4,164	-1,906	-3,464	-1,423	58	-1,935	-2,299	-888	-665
Net Cash From Continuing Investing Activities	-270	-684	-4,164	-1,906	-3,464	-1,423	58	-1,935	-2,299	-888	-665
Purchase of Property, Plant & Equipment	-854	-695	-1,069	-1,200	-1,259	-1,199	-1,209	-1,887	-1,939	-1,132	-978
Acquisitions	0.00	0.00	-3,081	-1,474	-2,462	-183	-44	-177	-377	-29	-11
Purchase of Investments	-38	-46	-79	-42	-64	-105	-72	-35	-34	-38	-66
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	-	0.00	0.00	252
Divestitures	539	0.00	0.00	797	170	29	1,188	0.00	0.00	174	0.00
Sale and/or Maturity of Investments	52	37	61	37	63	87	70	34	32	35	62
Other Investing Activities, net	31	20	4.00	-24	88	-52	125	130	19	102	76
Net Cash From Financing Activities	-2,035	-2,377	1,530	-1,102	1,171	-1,468	-2,731	-2,323	88	-581	-1,977
Net Cash From Continuing Financing Activities	-2,035	-2,377	1,530	-1,102	1,171	-1,468	-2,731	-2,323	88	-581	-1,977
Repayment of Debt	-3,323	-1,479	-12,852	-24,273	-21,630	-17,781	-2,654	-1,197	-7,722	-3,971	-1,280
Repurchase of Common Equity	-495	-1,944	-860	-427	-252	-207	-67	-702	-354	-49	-196
Payment of Dividends	-147	-216	-319	-431	-537	-601	-636	-653	-670	-684	-697
Issuance of Debt	1,846	1,134	15,407	23,927	23,491	17,091	585	103	8,823	4,109	175
Other Financing Activities, net	84	128	154	102	99	30	41	126	11	14	21
Effect of Exchange Rate Changes	-15	6.00	4.00	-3.00	-6.00	-1.00	4.00	-35	1.00	23	-1.00

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 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Change in Cash & Equivalents	-126	911	698	387	-852	575	-1,300	555	-318	49	-778
Net Cash From Operating Activities	323	1,300	-123	796	617	1,031	-185	774	535	942	-113
Net Cash From Continuing Operating Activities	323	1,300	-123	796	617	1,031	-185	774	535	942	-113
Net Income / (Loss) Continuing Operations	-443	114	148	196	364	366	14	69	58	90	264
Consolidated Net Income / (Loss)	-443	114	148	196	364	366	14	69	58	90	264
Depreciation Expense	157	373	349	360	77	348	352	329	64	376	350
Non-Cash Adjustments To Reconcile Net Income	464	129	-8.00	41	27	78	68	248	75	163	30
Changes in Operating Assets and Liabilities, net	-94	684	-612	199	-92	239	-619	128	70	313	-757
Net Cash From Investing Activities	-427	-378	-243	-233	-34	-233	-181	9.00	-260	-183	-116
Net Cash From Continuing Investing Activities	-427	-378	-243	-233	-34	-233	-181	9.00	-260	-183	-116
Purchase of Property, Plant & Equipment	-375	-354	-267	-263	-248	-271	-193	-227	-287	-252	-145
Purchase of Investments	-13	-7.00	-6.00	-10	-15	-15	-18	-17	-16	-21	-15
Sale of Property, Plant & Equipment	-	-	-	-	-	0.00	-	-	-	42	2.00
Sale and/or Maturity of Investments	12	6.00	6.00	9.00	14	16	14	17	15	20	15
Other Investing Activities, net	14	3.00	24	33	42	37	16	-13	34	28	27
Net Cash From Financing Activities	-13	-26	1,077	-168	-1,464	-195	-937	-245	-600	-718	-549
Net Cash From Continuing Financing Activities	-13	-26	1,077	-168	-1,464	-195	-937	-245	-600	-718	-549
Repayment of Debt	-527	-2,269	-291	-49	-1,362	-42	-775	-77	-386	-523	-1,793
Repurchase of Common Equity	-11	-13	-18	-13	-5.00	-15	-1.00	-26	-154	-47	-45
Payment of Dividends	-167	-171	-171	-171	-171	-175	-174	-175	-173	-177	-176
Issuance of Debt	691	2,420	1,556	64	69	22	9.00	32	112	23	1,456
Other Financing Activities, net	1.00	7.00	1.00	1.00	5.00	15	4.00	1.00	1.00	6.00	9.00

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	2025
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	9/27/2025
Total Assets	0.00	0.00	0.00	29,109	32,918	34,456	36,309	36,821	36,251	37,100	36,658
Total Current Assets	0.00	0.00	0.00	5,688	6,990	7,598	9,822	9,630	8,722	9,751	9,916
Cash & Equivalents	-	-	-	270	484	1,420	2,507	1,031	573	1,717	1,229
Accounts Receivable	-	-	-	1,723	2,173	1,952	2,400	2,577	2,476	2,406	2,524
Inventories, net	-	-	-	3,513	3,929	3,859	4,382	5,514	5,328	5,195	5,681
Other Current Assets	-	-	-	182	404	367	533	508	345	433	482
Plant, Property, & Equipment, net	0.00	0.00	0.00	6,169	7,282	7,596	7,837	8,685	9,634	9,442	9,204
Total Noncurrent Assets	0.00	0.00	0.00	17,252	18,646	19,262	18,650	18,506	17,895	17,907	17,538
Goodwill	-	-	-	9,739	10,844	10,899	10,549	10,513	9,878	9,819	9,469
Intangible Assets	-	-	-	6,759	7,037	6,774	6,519	6,252	6,098	5,875	5,624
Other Noncurrent Operating Assets	-	-	-	754	765	1,589	1,582	1,741	1,919	2,213	2,445
Total Liabilities & Shareholders' Equity	757	43	951	29,109	32,918	34,456	36,309	36,821	36,251	37,100	36,658
Total Liabilities	715	0.00	906	16,298	18,824	19,070	18,455	17,010	17,996	18,586	18,431
Total Current Liabilities	715	0.00	906	5,031	5,513	4,234	6,325	5,313	6,499	4,787	6,389
Short-Term Debt	715	-	906	1,911	2,102	548	1,067	459	1,895	74	909
Accounts Payable	-	-	-	1,694	1,926	1,876	2,225	2,483	2,594	2,402	2,601
Other Current Liabilities	-	-	-	1,426	1,485	1,810	3,033	2,371	2,010	2,311	2,879
Total Noncurrent Liabilities	0.00	0.00	0.00	11,267	13,311	14,836	12,130	11,697	11,497	13,799	12,042
Long-Term Debt	-	-	-	7,962	9,830	10,791	8,281	7,862	7,611	9,713	7,921
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	2,107	2,309	2,317	2,195	2,458	2,308	2,285	2,195
Other Noncurrent Operating Liabilities	-	-	-	1,198	1,172	1,728	1,654	1,377	1,578	1,801	1,926
Total Equity & Noncontrolling Interests	42	43	45	12,811	14,094	15,386	17,854	19,811	18,255	18,514	18,227
Total Preferred & Common Equity	42	43	45	12,803	13,950	15,254	17,723	19,702	18,133	18,390	18,085
Total Common Equity	42	43	45	12,758	13,950	15,254	17,723	19,702	18,133	18,390	18,085
Common Stock	42	43	45	4,387	4,423	4,478	4,531	4,598	4,605	4,642	4,731
Retained Earnings	-	-	-	12,329	13,655	15,100	17,502	20,084	18,760	18,873	18,647
Treasury Stock	-	-	-	-3,943	-4,011	-4,145	-4,138	-4,683	-4,972	-4,941	-5,102
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-15	-117	-179	-172	-297	-260	-184	-191
Noncontrolling Interest	-	-	-	8.00	144	132	131	109	122	124	142

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	12/27/2025	3/28/2026
Total Assets	36,761	36,251	36,746	37,465	37,732	37,100	37,310	36,280	36,464	36,019	35,165
Total Current Assets	8,883	8,722	9,216	9,966	10,572	9,751	10,082	9,168	9,859	9,512	8,874
Cash & Equivalents	699	573	1,484	2,182	2,569	1,717	2,292	992	1,547	1,278	500
Accounts Receivable	2,451	2,476	2,263	2,358	2,389	2,406	2,323	2,385	2,454	2,429	2,399
Inventories, net	5,391	5,328	5,087	5,056	5,033	5,195	5,114	5,395	5,436	5,406	5,478
Other Current Assets	342	345	382	370	581	433	353	396	422	399	497
Plant, Property, & Equipment, net	9,612	9,634	9,672	9,593	9,368	9,442	9,353	9,278	9,081	9,064	8,917
Total Noncurrent Assets	18,266	17,895	17,858	17,906	17,792	17,907	17,875	17,834	17,524	17,443	17,374
Goodwill	10,211	9,878	9,885	9,878	9,801	9,819	9,805	9,805	9,468	9,474	9,472
Intangible Assets	6,155	6,098	6,046	5,985	5,928	5,875	5,799	5,740	5,683	5,577	5,526
Other Noncurrent Operating Assets	1,900	1,919	1,927	2,043	2,063	2,213	2,271	2,289	2,373	2,392	2,376
Total Liabilities & Shareholders' Equity	36,761	36,251	36,746	37,465	37,732	37,100	37,310	36,280	36,464	36,019	35,165
Total Liabilities	17,851	17,996	18,458	19,242	19,530	18,586	18,683	17,749	17,996	17,856	16,964
Total Current Liabilities	4,948	6,499	6,172	5,633	5,810	4,787	4,780	5,494	5,690	6,203	4,848
Short-Term Debt	457	1,895	1,308	1,315	1,320	74	95	896	886	909	141
Accounts Payable	2,421	2,594	2,623	2,244	2,291	2,402	2,497	2,350	2,373	2,723	2,467
Other Current Liabilities	2,070	2,010	2,241	2,074	2,199	2,311	2,188	2,248	2,431	2,571	2,240
Total Noncurrent Liabilities	12,903	11,497	12,286	13,609	13,720	13,799	13,903	12,255	12,306	11,653	12,116
Long-Term Debt	8,863	7,611	8,370	9,645	9,701	9,713	9,711	8,172	8,179	7,453	7,942
Noncurrent Deferred & Payable Income Tax Liabilities	2,441	2,308	2,302	2,292	2,318	2,285	2,283	2,240	2,217	2,205	2,216
Other Noncurrent Operating Liabilities	1,599	1,578	1,614	1,672	1,701	1,801	1,909	1,843	1,910	1,995	1,958
Total Equity & Noncontrolling Interests	18,910	18,255	18,288	18,223	18,202	18,514	18,627	18,531	18,468	18,163	18,201
Total Preferred & Common Equity	18,779	18,133	18,150	18,089	18,076	18,390	18,503	18,400	18,338	18,023	18,098
Total Common Equity	18,779	18,133	18,150	18,089	18,076	18,390	18,503	18,400	18,338	18,023	18,098
Common Stock	4,588	4,605	4,571	4,601	4,623	4,642	4,655	4,689	4,710	4,738	4,771
Retained Earnings	19,378	18,760	18,693	18,667	18,687	18,873	19,054	18,886	18,772	18,553	18,637
Treasury Stock	-4,958	-4,972	-4,909	-4,927	-4,939	-4,941	-4,925	-4,922	-4,949	-5,125	-5,158
Accumulated Other Comprehensive Income / (Loss)	-229	-260	-205	-252	-295	-184	-281	-253	-195	-143	-152
Noncontrolling Interest	131	122	138	134	126	124	124	131	130	140	103

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	2025
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	9/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.09%	-10.86%	3.74%	4.68%	5.87%	1.84%	8.95%	13.25%	-0.75%	0.81%	2.12%
EBITDA Growth	52.91%	21.60%	3.24%	8.39%	-1.13%	10.40%	31.03%	0.42%	-82.70%	192.49%	-13.11%
EBIT Growth	60.13%	28.84%	2.08%	4.31%	-6.61%	11.12%	42.12%	0.81%	-107.85%	520.40%	-22.84%
NOPAT Growth	41.35%	39.82%	2.27%	66.54%	-29.34%	0.56%	42.35%	3.74%	-108.01%	483.59%	-31.75%
Net Income Growth	42.99%	44.77%	0.34%	67.21%	-32.96%	3.91%	47.75%	6.18%	-119.98%	226.66%	-38.32%
EPS Growth	24.47%	53.56%	5.74%	67.85%	-32.84%	4.44%	47.87%	6.95%	-120.96%	220.32%	-40.89%
Operating Cash Flow Growth	118.17%	5.68%	-4.31%	14.01%	-15.19%	54.16%	-0.88%	-30.03%	-34.80%	47.83%	-16.80%
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%	-11.10%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	13.96%	-0.93%	-2.41%	9.74%	0.32%	-2.22%	-2.84%
Revenue Q/Q Growth	0.98%	-3.53%	2.65%	-0.36%	2.13%	1.35%	2.96%	1.77%	-0.73%	0.41%	0.54%
EBITDA Q/Q Growth	14.00%	3.74%	6.12%	6.87%	0.33%	20.47%	28.54%	-13.80%	-46.88%	72.08%	-6.11%
EBIT Q/Q Growth	14.72%	1.21%	2.98%	3.70%	-8.13%	15.87%	28.01%	-20.98%	-141.05%	239.59%	-26.74%
NOPAT Q/Q Growth	7.85%	7.57%	1.25%	1.58%	-3.28%	15.62%	24.50%	-18.74%	-154.49%	924.51%	-28.52%
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%	-37.64%
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%	-39.55%
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%	-3.67%
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%	-11.95%
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%	-0.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.47%	12.74%	13.23%	12.72%	11.84%	12.47%	13.87%	12.51%	4.98%	6.80%	6.54%
EBITDA Margin	7.05%	9.61%	9.57%	9.91%	9.25%	10.03%	12.06%	10.70%	1.86%	5.41%	4.60%
Operating Margin	5.24%	7.68%	7.63%	7.41%	6.53%	6.97%	9.34%	8.28%	-0.75%	2.64%	2.02%
EBIT Margin	5.33%	7.70%	7.58%	7.55%	6.66%	7.27%	9.48%	8.44%	-0.67%	2.78%	2.10%
Profit (Net Income) Margin	2.96%	4.80%	4.65%	7.42%	4.70%	4.80%	6.50%	6.10%	-1.23%	1.54%	0.93%
Tax Burden Percent	63.72%	68.21%	67.66%	110.85%	83.95%	77.74%	75.72%	78.31%	95.72%	75.27%	65.93%
Interest Burden Percent	87.12%	91.45%	90.62%	88.66%	84.04%	84.87%	90.59%	92.26%	192.07%	73.58%	67.16%
Effective Tax Rate	36.28%	31.79%	32.34%	-10.85%	16.05%	22.26%	24.28%	21.69%	0.00%	24.73%	34.07%
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%	2.76%
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%	-0.01%
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%	0.00%
Return on Equity (ROE)	0.00%	0.00%	0.00%	46.25%	14.82%	14.05%	18.41%	17.25%	-3.41%	4.47%	2.76%
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%	5.65%
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%	3.10%
Return on Assets (ROA)	0.00%	0.00%	0.00%	20.43%	6.43%	6.15%	8.65%	8.89%	-1.78%	2.24%	1.37%
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%	2.74%
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%	0.00%
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	724
NOPAT Margin	3.34%	5.24%	5.17%	8.22%	5.48%	5.41%	7.08%	6.48%	-0.52%	1.99%	1.33%
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%	2.77%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	2.68%
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%	93.46%
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%	3.90%
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	4.23%	5.05%	5.60%	5.31%	5.31%	5.50%	4.53%	4.24%	5.72%	4.16%	4.53%
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	1,145
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	2,506
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	1.07
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	6.44
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	0.35
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	40.67
Dividend Yield	1.09%	0.97%	1.51%	2.20%	2.01%	3.16%	2.47%	2.99%	3.94%	3.28%	3.69%
Earnings Yield	8.91%	7.75%	8.30%	15.90%	7.27%	10.63%	11.59%	14.63%	0.00%	3.77%	2.46%
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	1.05
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	0.50
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	10.78
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	23.60
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	37.33
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	12.54
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	18.26
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	0.48
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	0.43
Financial Leverage	-1.00	-1.00	-1.00	0.74	0.78	0.72	0.50	0.38	0.43	0.46	0.43
Leverage Ratio	0.00	0.00	0.00	2.26	2.31	2.29	2.13	1.94	1.92	1.99	2.01
Compound Leverage Factor	0.00	0.00	0.00	2.01	1.94	1.94	1.93	1.79	3.69	1.47	1.35
Debt to Total Capital	94.45%	0.00%	95.27%	43.52%	45.85%	42.43%	34.37%	29.58%	34.24%	34.58%	32.63%
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%	3.36%
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%	29.28%
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	0.00%	0.00%	0.00%	0.04%	0.55%	0.49%	0.48%	0.39%	0.44%	0.44%	0.52%
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%	66.84%
Debt to EBITDA	0.25	0.00	0.25	2.49	3.04	2.62	1.65	1.46	9.64	3.39	3.52
Net Debt to EBITDA	0.25	0.00	0.25	2.42	2.92	2.29	1.21	1.28	9.06	2.80	3.03
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	3.16
Debt to NOPAT	0.52	0.00	0.46	3.00	5.13	4.85	2.81	2.41	-34.38	9.23	12.20
Net Debt to NOPAT	0.52	0.00	0.46	2.92	4.92	4.24	2.06	2.11	-32.31	7.61	10.50
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	10.94
Altman Z-Score	0.00	0.00	0.00	3.03	3.07	2.89	3.35	3.53	2.80	3.13	3.04
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.41%	0.73%	0.94%	0.79%	0.64%	0.61%	0.67%	0.72%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	1.13	1.27	1.79	1.55	1.81	1.34	2.04	1.55
Quick Ratio	0.00	0.00	0.00	0.40	0.48	0.80	0.78	0.68	0.47	0.86	0.59
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	1,480
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%	296.83%
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	3.30
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	4.80
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	3.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	2.75	1.37	1.28	1.33	1.46	1.45	1.45	1.48
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	21.77	20.94	21.62	21.41	20.93	21.84	22.09
Inventory Turnover	0.00	0.00	0.00	0.00	10.05	9.71	9.83	9.42	9.27	9.44	9.36
Fixed Asset Turnover	0.00	0.00	0.00	0.00	6.31	5.81	6.10	6.45	5.77	5.59	5.84
Accounts Payable Turnover	0.00	0.00	0.00	0.00	20.65	19.88	19.76	19.80	19.80	19.89	20.34
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	16.77	17.43	16.88	17.05	17.44	16.71	16.53
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	36.33	37.60	37.11	38.74	39.38	38.65	39.01
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	17.67	18.36	18.47	18.43	18.44	18.35	17.95
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	35.43	36.68	35.53	37.36	38.38	37.02	37.59
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	25,828
Invested Capital Turnover	0.00	0.00	0.00	3.57	1.77	1.70	1.88	2.06	1.95	1.98	2.08
Increase / (Decrease) in Invested Capital	0.00	0.00	0.00	22,414	3,128	-237	-610	2,406	87	-604	-756
Enterprise Value (EV)	14,404	22,818	22,272	28,293	38,826	29,446	33,262	29,526	26,375	29,433	27,022
Market Capitalization	13,689	22,818	21,366	18,682	27,234	19,395	26,290	22,127	17,320	21,239	19,279
Book Value per Share	$0.11	$0.12	$0.13	$34.86	$38.25	$41.88	$48.58	$54.78	$51.00	$51.68	$50.83
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	$8.41
Total Capital	757	43	951	22,684	26,026	26,725	27,202	28,132	27,761	28,301	27,057
Total Debt	715	0.00	906	9,873	11,932	11,339	9,348	8,321	9,506	9,787	8,830
Total Long-Term Debt	0.00	0.00	0.00	7,962	9,830	10,791	8,281	7,862	7,611	9,713	7,921
Net Debt	715	0.00	906	9,603	11,448	9,919	6,841	7,290	8,933	8,070	7,601
Capital Expenditures (CapEx)	854	695	1,069	1,200	1,259	1,199	1,209	1,887	1,939	1,132	726
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	3,207
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	4,436
Net Working Capital (NWC)	-715	0.00	-906	657	1,477	3,364	3,497	4,317	2,223	4,964	3,527
Net Nonoperating Expense (NNE)	158	160	198	318	332	267	269	204	373	239	217
Net Nonoperating Obligations (NNO)	-42	-43	-45	9,603	11,448	9,919	6,841	7,290	8,933	8,070	7,601
Total Depreciation and Amortization (D&A)	711	705	761	943	1,098	1,192	1,214	1,202	1,339	1,400	1,361
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%	5.89%
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%	8.15%
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%	6.48%
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	$2.59
Adjusted Weighted Average Basic Shares Outstanding	405M	0.00	0.00	0.00	365.19M	0.00	363M	360M	0.00	0.00	355M
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	$1.33
Adjusted Weighted Average Diluted Shares Outstanding	413M	0.00	0.00	0.00	366M	0.00	365M	363M	284M	356M	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	365.66M	0.00	0.00	0.00	365.19M	0.00	364.78M	359.59M	355.24M	0.00	353.05M
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	950
Normalized NOPAT Margin	3.34%	5.24%	5.17%	5.19%	5.48%	5.41%	7.08%	6.48%	0.51%	1.99%	1.75%
Pre Tax Income Margin	4.64%	7.04%	6.87%	6.70%	5.60%	6.17%	8.59%	7.79%	-1.28%	2.05%	1.41%
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	2.55
NOPAT to Interest Expense	4.72	7.76	7.08	9.40	5.03	4.82	7.78	9.46	-0.78	2.21	1.61
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	0.93
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	0.00
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%	137.48%
Augmented Payout Ratio	52.45%	121.90%	66.31%	28.86%	39.59%	39.02%	22.97%	41.71%	-157.78%	89.17%	176.13%

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	352,078,966.00	352,129,402.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	352,078,966.00	352,129,402.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.24	0.74
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.83%	0.44%	-0.46%	1.62%	1.63%	2.28%	0.02%	3.98%	2.17%	5.07%	4.43%
EBITDA Growth	-139.50%	-22.54%	141.26%	3,660.00%	307.96%	46.42%	-26.81%	-12.92%	-66.00%	-35.50%	68.00%
EBIT Growth	-163.48%	-49.71%	725.00%	202.62%	222.29%	123.83%	-59.00%	-17.33%	-72.57%	-61.95%	264.23%
NOPAT Growth	-152.47%	-52.50%	763.17%	207.83%	224.13%	171.51%	-79.48%	-64.81%	-66.50%	-51.81%	585.48%
Net Income Growth	-182.50%	-64.38%	262.64%	145.06%	182.17%	221.05%	-90.54%	-64.80%	-84.07%	-75.41%	1,785.71%
EPS Growth	-186.00%	-65.91%	246.43%	145.76%	177.52%	236.67%	-95.12%	-68.52%	-87.00%	-76.24%	3,550.00%
Operating Cash Flow Growth	-59.47%	70.60%	-1,857.14%	20.61%	91.02%	-20.69%	-50.41%	-2.76%	-13.29%	-8.63%	38.92%
Free Cash Flow Firm Growth	77.01%	153.19%	-201.58%	212.43%	344.79%	-32.53%	101.51%	-33.32%	-11.48%	41.13%	159.35%
Invested Capital Growth	0.32%	-3.64%	1,207.51%	-3.19%	-2.22%	-1.29%	-1.46%	-2.51%	-2.84%	-3.42%	-3.09%
Revenue Q/Q Growth	1.58%	-0.22%	-1.85%	2.15%	1.59%	0.43%	-4.03%	6.20%	-0.17%	3.27%	-4.61%
EBITDA Q/Q Growth	-1,470.00%	300.32%	3.18%	9.71%	-8.29%	41.04%	-48.43%	30.53%	-64.19%	167.57%	34.34%
EBIT Q/Q Growth	-37.32%	154.35%	17.19%	17.33%	63.64%	-0.52%	-78.53%	136.59%	-45.70%	37.97%	105.50%
NOPAT Q/Q Growth	-32.29%	150.47%	39.07%	16.14%	52.29%	10.39%	-89.49%	99.19%	44.98%	58.81%	49.47%
Net Income Q/Q Growth	-1.84%	125.73%	29.82%	32.43%	85.71%	0.55%	-96.17%	392.86%	-15.94%	55.17%	193.33%
EPS Q/Q Growth	-9.32%	123.26%	36.67%	31.71%	85.19%	1.00%	-98.02%	750.00%	-23.53%	84.62%	204.17%
Operating Cash Flow Q/Q Growth	-51.06%	302.48%	-109.46%	747.15%	-22.49%	67.10%	-117.94%	518.38%	-30.88%	76.07%	-112.00%
Free Cash Flow Firm Q/Q Growth	59.50%	383.04%	-2,610.52%	103.91%	-11.82%	-21.98%	-43.87%	72.68%	17.06%	24.39%	3.15%
Invested Capital Q/Q Growth	-1.25%	-2.60%	1.96%	-1.29%	-0.26%	-1.67%	1.78%	-2.33%	-0.61%	-2.25%	2.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	3.44%	6.18%	6.62%	6.58%	7.81%	8.04%	4.59%	8.22%	5.24%	5.65%	7.05%
EBITDA Margin	-2.35%	4.72%	4.96%	5.33%	4.81%	6.76%	3.63%	4.47%	1.60%	4.15%	5.84%
Operating Margin	-3.47%	1.73%	2.39%	2.55%	3.87%	4.26%	0.76%	1.87%	1.14%	2.11%	3.19%
EBIT Margin	-3.53%	1.92%	2.30%	2.64%	4.25%	4.21%	0.94%	2.10%	1.14%	1.52%	3.28%
Profit (Net Income) Margin	-3.32%	0.86%	1.13%	1.47%	2.68%	2.69%	0.11%	0.50%	0.42%	0.63%	1.93%
Tax Burden Percent	79.68%	70.81%	72.91%	77.47%	76.63%	76.57%	46.67%	35.75%	85.29%	70.87%	73.54%
Interest Burden Percent	118.05%	62.89%	67.67%	71.88%	82.47%	83.42%	24.39%	66.32%	43.04%	58.26%	80.13%
Effective Tax Rate	0.00%	29.19%	27.09%	22.53%	23.37%	23.43%	53.33%	64.25%	14.71%	29.13%	26.46%
Return on Invested Capital (ROIC)	-4.73%	2.41%	7.49%	3.88%	5.88%	6.64%	0.71%	1.38%	2.02%	3.21%	4.98%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.20%	1.79%	4.97%	3.08%	5.43%	5.65%	0.33%	1.08%	1.04%	1.51%	4.27%
Return on Net Nonoperating Assets (RNNOA)	-2.64%	0.75%	1.71%	1.42%	2.51%	2.40%	0.15%	0.47%	0.44%	0.60%	1.82%
Return on Equity (ROE)	-7.37%	3.15%	9.20%	5.29%	8.39%	9.05%	0.86%	1.85%	2.46%	3.81%	6.80%
Cash Return on Invested Capital (CROIC)	-1.34%	2.07%	-109.73%	3.62%	6.19%	6.39%	5.86%	6.39%	5.65%	5.24%	5.98%
Operating Return on Assets (OROA)	-5.11%	2.77%	6.48%	3.76%	6.17%	6.09%	1.37%	3.06%	1.68%	2.29%	5.12%
Return on Assets (ROA)	-4.80%	1.23%	3.20%	2.09%	3.90%	3.89%	0.16%	0.73%	0.62%	0.95%	3.02%
Return on Common Equity (ROCE)	-7.33%	3.13%	9.14%	5.26%	8.34%	8.98%	0.86%	1.83%	2.45%	3.78%	6.76%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-4.71%	-3.41%	0.08%	0.00%	5.80%	5.11%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-324	164	227	264	402	444	47	93	135	214	320
NOPAT Margin	-2.43%	1.23%	1.74%	1.98%	2.97%	3.26%	0.36%	0.67%	0.97%	1.50%	2.34%
Net Nonoperating Expense Percent (NNEP)	1.47%	0.62%	2.52%	0.80%	0.45%	0.99%	0.39%	0.30%	0.98%	1.70%	0.71%
Return On Investment Capital (ROIC_SIMPLE)	-	0.58%	-	-	-	1.56%	0.17%	0.34%	0.50%	0.81%	1.22%
Cost of Revenue to Revenue	96.56%	93.82%	93.38%	93.42%	92.19%	91.96%	95.41%	91.78%	94.76%	94.35%	92.95%
SG&A Expenses to Revenue	4.41%	4.44%	4.24%	4.02%	3.94%	3.78%	3.82%	3.88%	4.10%	3.54%	3.86%
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	6.91%	4.44%	4.24%	4.02%	3.94%	3.78%	3.82%	6.35%	4.10%	3.54%	3.86%
Earnings before Interest and Taxes (EBIT)	-471	256	300	352	576	573	123	291	158	218	448
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-314	629	649	712	653	921	475	620	222	594	798
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.96	1.02	1.15	1.13	1.15	1.11	1.21	1.07	1.07	1.15	1.24
Price to Tangible Book Value (P/TBV)	8.03	8.32	9.32	8.67	7.88	7.12	7.78	6.17	6.44	6.96	7.26
Price to Revenue (P/Rev)	0.33	0.35	0.39	0.38	0.40	0.38	0.41	0.36	0.35	0.38	0.40
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	26.55	19.61	24.31	25.10	40.67	103.37	49.68
Dividend Yield	3.94%	3.71%	3.33%	3.41%	3.28%	3.40%	3.17%	3.60%	3.69%	3.43%	3.16%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	3.77%	5.10%	4.11%	3.98%	2.46%	0.97%	2.01%
Enterprise Value to Invested Capital (EV/IC)	0.97	1.01	1.10	1.09	1.11	1.08	1.14	1.05	1.05	1.11	1.17
Enterprise Value to Revenue (EV/Rev)	0.50	0.51	0.56	0.54	0.55	0.53	0.57	0.50	0.50	0.51	0.54
Enterprise Value to EBITDA (EV/EBITDA)	26.75	47.52	31.42	17.26	10.21	9.63	11.02	10.24	10.78	14.60	13.51
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	66.18	19.83	15.70	18.73	17.48	23.60	35.32	27.08
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	279.37	27.75	21.09	25.88	26.98	37.33	61.57	40.59
Enterprise Value to Operating Cash Flow (EV/OCF)	15.05	11.70	13.73	12.60	11.36	12.18	13.47	12.22	12.54	13.50	14.12
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	48.01	0.00	29.50	17.68	16.82	19.38	16.26	18.26	20.71	19.27
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.52	0.53	0.60	0.61	0.53	0.53	0.49	0.49	0.48	0.46	0.44
Long-Term Debt to Equity	0.42	0.46	0.53	0.53	0.52	0.52	0.44	0.44	0.43	0.41	0.44
Financial Leverage	0.43	0.42	0.34	0.46	0.46	0.43	0.46	0.44	0.43	0.40	0.43
Leverage Ratio	1.92	1.93	2.05	2.01	1.99	2.01	2.01	2.02	2.01	1.99	1.95
Compound Leverage Factor	2.27	1.21	1.39	1.44	1.65	1.67	0.49	1.34	0.86	1.16	1.56
Debt to Total Capital	34.24%	34.61%	37.56%	37.71%	34.58%	34.49%	32.86%	32.92%	32.63%	31.53%	30.75%
Short-Term Debt to Total Capital	6.83%	4.68%	4.51%	4.52%	0.26%	0.33%	3.25%	3.22%	3.36%	3.43%	0.54%
Long-Term Debt to Total Capital	27.42%	29.93%	33.05%	33.20%	34.32%	34.15%	29.61%	29.71%	29.28%	28.10%	30.22%
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	0.44%	0.49%	0.46%	0.43%	0.44%	0.44%	0.47%	0.47%	0.52%	0.53%	0.39%
Common Equity to Total Capital	65.32%	64.90%	61.98%	61.86%	64.98%	65.08%	66.67%	66.60%	66.84%	67.95%	68.86%
Debt to EBITDA	9.64	17.16	11.61	6.58	3.39	3.34	3.28	3.40	3.52	4.38	3.62
Net Debt to EBITDA	9.06	14.53	9.30	5.04	2.80	2.56	2.93	2.82	3.03	3.71	3.39
Long-Term Debt to EBITDA	7.72	14.84	10.22	5.79	3.37	3.31	2.96	3.06	3.16	3.90	3.56
Debt to NOPAT	-34.38	-21.91	-57.99	106.46	9.23	7.32	7.71	8.95	12.20	18.45	10.87
Net Debt to NOPAT	-32.31	-18.55	-46.44	81.64	7.61	5.61	6.87	7.42	10.50	15.63	10.20
Long-Term Debt to NOPAT	-27.53	-18.95	-51.03	93.71	9.16	7.25	6.95	8.08	10.94	16.45	10.68
Altman Z-Score	2.79	2.88	2.92	2.91	3.05	3.04	3.09	3.03	2.95	3.08	3.30
Noncontrolling Interest Sharing Ratio	0.61%	0.76%	0.73%	0.69%	0.67%	0.71%	0.72%	0.70%	0.72%	0.72%	0.64%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.34	1.49	1.77	1.82	2.04	2.11	1.67	1.73	1.55	1.53	1.83
Quick Ratio	0.47	0.61	0.81	0.85	0.86	0.97	0.61	0.70	0.59	0.60	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-411	1,164	-29,212	1,141	1,006	785	441	761	891	1,108	1,143
Operating Cash Flow to CapEx	86.13%	367.23%	-46.07%	302.66%	248.79%	380.44%	-95.85%	340.97%	186.41%	448.57%	-79.02%
Free Cash Flow to Firm to Interest Expense	-4.42	11.08	-263.17	8.45	7.74	6.54	4.01	6.73	8.40	10.65	11.78
Operating Cash Flow to Interest Expense	3.47	12.38	-1.11	5.90	4.75	8.59	-1.68	6.85	5.05	9.06	-1.16
Operating Cash Flow Less CapEx to Interest Expense	-0.56	9.01	-3.51	3.95	2.84	6.33	-3.44	4.84	2.34	7.04	-2.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.45	1.44	2.82	1.43	1.45	1.45	1.45	1.46	1.48	1.50	1.56
Accounts Receivable Turnover	20.93	23.23	0.00	21.94	21.84	23.38	22.61	22.36	22.09	23.20	23.29
Inventory Turnover	9.27	9.45	0.00	9.61	9.44	9.75	9.57	9.60	9.36	9.86	9.58
Fixed Asset Turnover	5.77	5.63	0.00	5.59	5.59	5.64	5.68	5.87	5.84	5.99	6.12
Accounts Payable Turnover	19.80	19.58	0.00	21.25	19.89	19.42	21.76	21.55	20.34	19.87	21.62
Days Sales Outstanding (DSO)	17.44	15.71	0.00	16.64	16.71	15.61	16.14	16.32	16.53	15.73	15.67
Days Inventory Outstanding (DIO)	39.38	38.64	0.00	38.00	38.65	37.45	38.16	38.02	39.01	37.02	38.11
Days Payable Outstanding (DPO)	18.44	18.64	0.00	17.18	18.35	18.80	16.77	16.94	17.95	18.37	16.88
Cash Conversion Cycle (CCC)	38.38	35.72	0.00	37.46	37.02	34.26	37.53	37.41	37.59	34.38	36.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	27,188	26,482	27,001	26,654	26,584	26,141	26,607	25,986	25,828	25,247	25,784
Invested Capital Turnover	1.95	1.96	4.31	1.96	1.98	2.04	2.00	2.06	2.08	2.15	2.13
Increase / (Decrease) in Invested Capital	87	-1,000	29,439	-877	-604	-341	-394	-668	-756	-894	-823
Enterprise Value (EV)	26,375	26,803	29,661	28,921	29,433	28,267	30,423	27,326	27,022	27,899	30,191
Market Capitalization	17,320	18,471	20,749	20,343	21,239	20,629	22,216	19,678	19,279	20,675	22,505
Book Value per Share	$51.00	$51.09	$50.76	$50.77	$51.68	$51.99	$51.66	$51.48	$50.83	$51.05	$51.40
Tangible Book Value per Share	$6.07	$6.25	$6.25	$6.59	$7.58	$8.15	$8.02	$8.95	$8.41	$8.42	$8.80
Total Capital	27,761	27,966	29,183	29,223	28,301	28,433	27,599	27,533	27,057	26,525	26,284
Total Debt	9,506	9,678	10,960	11,021	9,787	9,806	9,068	9,065	8,830	8,362	8,083
Total Long-Term Debt	7,611	8,370	9,645	9,701	9,713	9,711	8,172	8,179	7,921	7,453	7,942
Net Debt	8,933	8,194	8,778	8,452	8,070	7,514	8,076	7,518	7,601	7,084	7,583
Capital Expenditures (CapEx)	375	354	267	263	248	271	193	227	287	210	143
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,545	2,868	3,466	3,513	3,321	3,105	3,578	3,508	3,207	2,940	3,667
Debt-free Net Working Capital (DFNWC)	4,118	4,352	5,648	6,082	5,038	5,397	4,570	5,055	4,436	4,218	4,167
Net Working Capital (NWC)	2,223	3,044	4,333	4,762	4,964	5,302	3,674	4,169	3,527	3,309	4,026
Net Nonoperating Expense (NNE)	119	50	79	68	38	78	33	24	77	124	56
Net Nonoperating Obligations (NNO)	8,933	8,194	8,778	8,452	8,070	7,514	8,076	7,518	7,601	7,084	7,583
Total Depreciation and Amortization (D&A)	157	373	349	360	77	348	352	329	64	376	350
Debt-free, Cash-free Net Working Capital to Revenue	6.70%	5.42%	6.55%	6.62%	6.23%	5.79%	6.67%	6.48%	5.89%	5.33%	6.58%
Debt-free Net Working Capital to Revenue	7.79%	8.22%	10.68%	11.46%	9.45%	10.07%	8.52%	9.34%	8.15%	7.65%	7.48%
Net Working Capital to Revenue	4.20%	5.75%	8.19%	8.97%	9.31%	9.89%	6.85%	7.70%	6.48%	6.00%	7.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.59	$0.00	$1.04	$0.00	$1.96	$0.00	$0.34	$0.29	$0.47	$1.43
Adjusted Weighted Average Basic Shares Outstanding	0.00	354M	0.00	354M	0.00	355M	0.00	355M	355M	352M	353M
Adjusted Diluted Earnings per Share	($1.29)	$0.30	$0.41	$0.54	$1.00	$1.01	$0.02	$0.17	$0.13	$0.24	$0.73
Adjusted Weighted Average Diluted Shares Outstanding	284M	355M	355M	356M	356M	357M	357M	357M	357M	354M	354M
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	356.35M	356.02M	355.83M	0.00	356.19M	356.23M	355.77M	353.05M	352.08M	352.13M
Normalized Net Operating Profit after Tax (NOPAT)	-91	164	227	264	402	444	70	422	135	214	320
Normalized NOPAT Margin	-0.68%	1.23%	1.74%	1.98%	2.97%	3.26%	0.54%	3.04%	0.97%	1.50%	2.34%
Pre Tax Income Margin	-4.17%	1.21%	1.55%	1.89%	3.50%	3.51%	0.23%	1.39%	0.49%	0.89%	2.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-5.06	2.44	2.70	2.61	4.43	4.78	1.12	2.58	1.49	2.10	4.62
NOPAT to Interest Expense	-3.48	1.56	2.05	1.96	3.09	3.70	0.42	0.82	1.27	2.06	3.30
EBIT Less CapEx to Interest Expense	-9.10	-0.93	0.30	0.66	2.52	2.52	-0.64	0.57	-1.22	0.08	3.14
NOPAT Less CapEx to Interest Expense	-7.52	-1.81	-0.36	0.01	1.19	1.44	-1.33	-1.19	-1.44	0.04	1.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-103.24%	-78.60%	-109.74%	4,533.33%	83.21%	64.06%	73.51%	85.49%	137.48%	302.60%	145.74%
Augmented Payout Ratio	-157.78%	-84.91%	-118.34%	4,900.00%	89.17%	68.81%	77.13%	91.27%	176.13%	401.30%	202.29%

Financials Breakdown Chart

Key Financial Trends

Here are key takeaways on Tyson Foods (TSN) based on the latest four years of quarterly data across cash flow, income, and balance sheet statements. The focus is on trends that may affect investors navigating the stock.

Cash flow from operations in the latest period remains strong: Net cash from operating activities (continuing) was about $942 million in Q1 2026, signaling solid core cash generation.
Top-line momentum is evident, with Q1 2026 revenue around $14.31 billion, up from the year-ago quarter, indicating ongoing demand resilience.
Gross margins in certain quarters have shown strength, notably Q3 2025 where gross margin was about 8.2% of revenue, suggesting favorable pricing or mix during that period.
Tyson maintains a steady track record of shareholder returns via regular quarterly dividends, typically around $170 million per quarter, supporting income-focused investors.
Estimated free cash flow for the latest quarter is positive (roughly $690 million in Q1 2026 when you subtract capex from operating cash flow), reflecting cash generated after investment needs.
Capital expenditure runs in the low-to-mid hundreds of millions per quarter (roughly $180–$290 million), indicating ongoing capacity maintenance and moderate expansion without a large cash drain.
The balance sheet shows a solid equity base (about $18 billion) and a current ratio near 1.5, which supports liquidity without relying heavily on new debt.
Net cash from financing activities is consistently negative in multiple quarters (for example approximately -$718 million in Q1 2026 and -$600 million in Q4 2025), reflecting ongoing dividend payments and debt management that reduce cash on hand.
There have been quarters with weaker or negative operating cash flow (e.g., Q2 2025 and Q2 2024), underscoring quarterly cash-generation volatility despite generally positive earnings.
Profitability shows quarterly volatility, with net income swinging across periods and sometimes lower earnings, which can contribute to uneven cash flow and earnings expectations from quarter to quarter.

05/22/26 06:31 AM ETAI Generated. May Contain Errors.

Tyson Foods Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Tyson Foods' financial year ends in September. Their financial year 2025 ended on September 27, 2025.

Tyson Foods' net income appears to be on a downward trend, with a most recent value of $507 million in 2025, falling from $1.22 billion in 2015. The previous period was $822 million in 2024. View Tyson Foods' forecast to see where analysts expect Tyson Foods to go next.

Tyson Foods' total operating income in 2025 was $1.10 billion, based on the following breakdown:

Total Gross Profit: $3.56 billion
Total Operating Expenses: $2.46 billion

Over the last 10 years, Tyson Foods' total revenue changed from $41.37 billion in 2015 to $54.44 billion in 2025, a change of 31.6%.

Tyson Foods' total liabilities were at $18.43 billion at the end of 2025, a 0.8% decrease from 2024, and a 2,477.8% increase since 2015.

In the past 10 years, Tyson Foods' cash and equivalents has ranged from $0.00 in 2015 to $2.51 billion in 2021, and is currently $1.23 billion as of their latest financial filing in 2025.

Over the last 10 years, Tyson Foods' book value per share changed from 0.11 in 2015 to 50.83 in 2025, a change of 45,206.1%.

Related Companies

Financial statements for NYSE:TSN last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Tyson Foods (TSN) Financials

Financials Breakdown Chart

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Tyson Foods (TSN) Financials

Annual Income Statements for Tyson Foods

Quarterly Income Statements for Tyson Foods

Annual Cash Flow Statements for Tyson Foods

Quarterly Cash Flow Statements for Tyson Foods

Annual Balance Sheets for Tyson Foods

Quarterly Balance Sheets for Tyson Foods

Annual Metrics And Ratios for Tyson Foods

Quarterly Metrics And Ratios for Tyson Foods

Financials Breakdown Chart

Key Financial Trends

Tyson Foods Financials - Frequently Asked Questions

When does Tyson Foods' fiscal year end?

How has Tyson Foods' net income changed over the last 10 years?

What is Tyson Foods' operating income?

How has Tyson Foods' revenue changed over the last 10 years?

How much debt does Tyson Foods have?

How much cash does Tyson Foods have?

How has Tyson Foods' book value per share changed over the last 10 years?

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