SMITHFIELD FOODS INC SFD

Consumer staples SIC 2011 - Meat Packing Plants NAICS Manufacturing › Food Manufacturing › Animal Slaughtering and Processing › Animal (except Poultry) Slaughtering derived Nasdaq

Last close 18.64 2026-10-23
Market cap $7.34B 2026-06-28 share count
52-week range 18.17 - 29.80

Valuation FY2025 figures against the last close

P/S0.5x
P/E7.4x
P/FCF10.2x
EV/EBITDA4.8x
Dividend yield5.4%
Diluted EPS2.51

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Packaged Meats
  • Fresh Pork
  • Hog Production
  • Other
Revenue by segment, 4 categories over 3 years. The same figures are in the table below. FY2025 Packaged Meats, FY2025: 8.8B (56.4%) 56% Packaged Meats Fresh Pork, FY2025: 5B (32.3%) 32% Fresh Pork Hog Production, FY2025: 1.2B (7.9%) 8% Other, FY2025: 528M (3.4%) FY2024 Packaged Meats, FY2024: 8.3B (58.8%) 59% Fresh Pork, FY2024: 4.9B (34.5%) 35% Hog Production, FY2024: 469M (3.3%) Other, FY2024: 470M (3.3%) FY2023 Packaged Meats, FY2023: 8.3B (56.6%) 57% Fresh Pork, FY2023: 5.1B (35.1%) 35% Hog Production, FY2023: 671M (4.6%) 5% Other, FY2023: 552M (3.8%) 4%
Segment FY2025FY2024FY2023
Packaged Meats $8.76B $8.32B $8.28B
Fresh Pork $5.02B $4.88B $5.14B
Hog Production $1.23B $469.0M $671.0M
Other $528.0M $470.0M $552.0M

As the company reported it, from the “REPORTABLE SEGMENTS - Schedule of Disaggregates by Reportable Segment to Customers (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2015FY2014FY2013FY2012FY2011
Revenue $15.53B$14.14B$14.64B$16.20B—$14.44B$15.03B$13.90B$13.22B$13.09B
Cost of revenue $13.44B$12.24B$13.75B$14.70B————$11.90B$11.54B
Gross profit $2.09B$1.90B$889.0M$1.50B—$1.76B$1.78B$1.21B$1.32B$1.55B
R&D $214.0M$144.0M$175.0M$157.0M————$80.9M$75.9M
SG&A $849.0M$840.0M$1.05B$807.0M————$815.4M$816.9M
Total operating expenses $13.44B$12.24B$13.75B$14.70B——————
Operating income $1.29B$1.12B-$56.0M$1.12B—$793.8M$931.6M$338.5M$519.3M$722.6M
Interest expense $41.0M$66.0M$76.0M$87.0M————$168.7M$176.7M
Pre-tax income $1.27B$1.06B-$129.0M$1.05B————$229.9M$533.7M
Income tax $283.0M$271.0M$41.0M$231.0M————$46.1M$172.4M
Net income $987.0M$953.0M$17.0M$870.0M—$452.3M$556.1M$120.7M$183.8M$361.3M
EPS, basic 2.522.510.052.29————1.262.23
EPS, diluted 2.512.510.052.29————1.262.21
Shares, diluted (wtd. avg.) 392.7M380.1M380.1M380.1M————146.4M163.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2015FY2014FY2013FY2012FY2011
Cash and equivalents $1.54B$943.0M$687.0M$547.0M————$310.6M$324.3M
Receivables $1.02B$558.0M$577.0M—————$663.2M$624.7M
Inventory $2.33B$2.41B$2.54B—————$2.35B$2.07B
Total current assets $5.17B$4.20B$4.92B—————$3.55B$3.30B
Property, plant and equipment ————————$2.30B$2.28B
Goodwill $1.62B$1.61B$1.63B$1.62B—$1.62B$1.63B$1.63B$782.4M$768.2M
Other intangibles $1.26B$1.27B$1.27B——$82.3M$89.2M—$390.4M$381.8M
Total assets $12.18B$11.05B$13.32B——$9.89B$10.13B$9.95B$7.72B$7.42B
Accounts payable $856.0M$777.0M$789.0M—————$429.1M$415.8M
Short-term debt —$0$5.0M——$29.1M$46.9M—$675.1M$62.5M
Total current liabilities $1.74B$1.71B$2.45B—————$1.75B$1.14B
Long-term debt $1.99B$1.98B$1.99B——$2.23B$2.65B—$1.80B$1.87B
Retained earnings $3.78B$3.18B$3.59B—————$2.32B$2.33B
Total equity $6.80B$5.83B$7.24B$7.37B$7.05B———$3.10B$3.39B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2015FY2014FY2013FY2012FY2011
Operating cash flow $1.06B$916.0M$688.0M$521.0M————$172.7M$570.1M
Depreciation and amortisation $332.0M$339.0M$427.0M$440.0M————$239.9M$242.8M
Stock-based compensation $9.0M$0$0———————
Capital expenditure $341.0M$350.0M$353.0M$338.0M——$301.4M—$278.0M$290.7M
Investing cash flow -$309.0M-$298.0M-$194.0M$274.0M————-$303.7M-$286.6M
Financing cash flow -$164.0M-$321.0M-$353.0M-$567.0M————$115.7M-$328.4M
Dividends paid $396.0M$288.0M$323.0M$496.0M——————
Buybacks ————————$386.4M$189.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000091388-26-000022.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B 20B Revenue, FY2011: 13.1B Gross profit, FY2011: 1.5B Net income, FY2011: 361.3M Revenue, FY2012: 13.2B Gross profit, FY2012: 1.3B Net income, FY2012: 183.8M Revenue, FY2013: 13.9B Gross profit, FY2013: 1.2B Net income, FY2013: 120.7M Revenue, FY2014: 15B Gross profit, FY2014: 1.8B Net income, FY2014: 556.1M Revenue, FY2015: 14.4B Gross profit, FY2015: 1.8B Net income, FY2015: 452.3M Revenue, FY2022: 16.2B Gross profit, FY2022: 1.5B Net income, FY2022: 870M Revenue, FY2023: 14.6B Gross profit, FY2023: 889M Net income, FY2023: 17M Revenue, FY2024: 14.1B Gross profit, FY2024: 1.9B Net income, FY2024: 953M Revenue, FY2025: 15.5B Gross profit, FY2025: 2.1B Net income, FY2025: 987M FY2011 FY2012 FY2013 FY2014 FY2015 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2011FY2012FY2013FY2014FY2015FY2021FY2022FY2023FY2024FY2025
Revenue $13.09B $13.22B $13.90B $15.03B $14.44B — $16.20B $14.64B $14.14B $15.53B
Gross profit $1.55B $1.32B $1.21B $1.78B $1.76B — $1.50B $889.0M $1.90B $2.09B
Net income $361.3M $183.8M $120.7M $556.1M $452.3M — $870.0M $17.0M $953.0M $987.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Shareholder vote Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 2011

TickerCompanyMarket capP/ERevenue growth
HRL HORMEL FOODS CORP /DE/ $11.60B 24.2x 1.6%
JBS JBS N.V. — — 11.7%