TSN

MKT CAP:$23B

Tyson Foods, Inc.

Market Cap

$23B

Consumer Defensive·Agricultural Farm Products·🇺🇸 United States·NYSE

Consumer Def.·Agricultural·🇺🇸·NYSE

Stock Price

$64.50+$6.46 (+11.13%)

Apr 20, 2026

Company Details

Tyson Foods, Inc., together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dres...

CEO

Donnie D. King

IPO Date

Mar 17, 1980

Website

www.tysonfoods.com

Key Metrics TTM

Revenue

$54.2B

+11.8% YoY

Net Income

$2.2B

EPS (Diluted)

$5.97

Free Cash Flow

$24M

Revenue / Share

$155.77

Gross Margin

9.9%

Operating Margin

5.7%

Net Margin

4.0%

FCF Margin

0.0%

P/S

0.4x

P/E

10.5x

Earnings Reports

Q1 2026

May 4, 2026

PENDING

Q4 2025

Nov 10, 2025

$13.9BEPS $0.13

FY 2023

Nov 13, 2023

$52.9B-0.8%EPS -$1.87

FY 2022

Nov 14, 2022

$53.3B+13.2%EPS $8.92

Q4 2022

Nov 14, 2022

$13.7B+7.2%EPS $1.49

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 17	$9.8B	$1.2B	$697M
Q4 17	$10.1B	$1.4B	$681M
Q1 18	$10.2B	$1.4B	$922M
Q2 18	$9.8B	$1.0B	$494M
Q3 18	$10.1B	$1.3B	$797M
Q4 18	$10.0B	$1.3B	$828M
Q1 19	$10.2B	$1.4B	$807M
Q3 20	$10.0B	$1.3B	$773M
Q4 20	$11.5B	$1.6B	$1.0B
Q2 21	$11.3B	$1.3B	$720M
Q4 21	$12.8B	$2.5B	$1.9B
Q1 22	$12.9B	$2.0B	$1.5B
Q2 22	$13.1B	$1.7B	$1.2B
Q3 22	$13.5B	$1.6B	$1.0B
Q4 22	$13.7B	$1.3B	$766M
Q4 25	$13.9B	$726M	$158M

Valuation

Quarter	P/S	P/E
Q3 17	0.6x	12.8x
Q4 17	0.6x	12.8x
Q1 18	0.6x	8.1x
Q2 18	0.6x	8.1x
Q3 18	0.6x	7.9x
Q4 18	0.6x	7.5x
Q1 19	0.6x	11.7x
Q3 20	0.6x	10.5x
Q4 20	0.5x	9.8x
Q2 21	0.5x	10.1x
Q4 21	0.5x	7.4x
Q1 22	0.5x	6.2x
Q2 22	0.5x	6.0x
Q3 22	0.4x	5.6x
Q4 22	0.4x	7.0x
Q4 25	0.4x	10.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 17	$467M	$152M
Q4 17	$1.1B	$863M
Q1 18	$1.1B	$830M
Q2 18	$13M	-$250M
Q3 18	$785M	$457M
Q4 18	$1.0B	$726M
Q1 19	$868M	$550M
Q3 20	$1.4B	$1.2B
Q4 20	$1.2B	$874M
Q2 21	-$36M	-$304M
Q4 21	$1.2B	$834M
Q1 22	$1.4B	$1.0B
Q2 22	-$208M	-$647M
Q3 22	$666M	$190M
Q4 22	$797M	$233M
Q4 25	$535M	$248M

Capital Expenditures

Quarter	CapEx
Q3 17	$315M
Q4 17	$287M
Q1 18	$296M
Q2 18	$263M
Q3 18	$328M
Q4 18	$313M
Q1 19	$318M
Q3 20	$283M
Q4 20	$292M
Q2 21	$268M
Q4 21	$350M
Q1 22	$408M
Q2 22	$439M
Q3 22	$476M
Q4 22	$564M
Q4 25	$287M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 17	+4.8%	+6.0%
Q4 17	+10.8%	+10.4%
Q1 18	+11.4%	+13.5%
Q2 18	+7.6%	+9.0%
Q3 18	+2.0%	+1.1%
Q4 18	-1.4%	-3.1%
Q1 19	-0.4%	+0.8%
Q3 20	+2.5%	-0.3%
Q4 20	+14.0%	+12.9%
Q2 21	+13.0%	+15.4%
Q4 21	+25.7%	+16.2%
Q1 22	+29.0%	+24.1%
Q2 22	+14.5%	+14.5%
Q3 22	+19.4%	+17.8%
Q4 22	+7.2%	+19.0%
Q4 25	+7.2%	+19.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 17	$0	0.0%
Q4 17	$92M	0.9%
Q1 18	$0	0.0%
Q2 18	$0	0.0%
Q3 18	$0	0.0%
Q4 18	$69M	0.7%
Q1 19	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$89M	0.8%
Q2 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$93M	0.7%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q3 17	—	—	—	$505M
Q4 17	—	—	$238M	—
Q1 18	—	—	—	$521M
Q2 18	—	—	—	$521M
Q3 18	—	—	—	$502M
Q4 18	—	—	$243M	—
Q1 19	—	—	—	$548M
Q3 20	—	—	—	$540M
Q4 20	—	$280M	$283M	—
Q2 21	—	—	—	$533M
Q4 21	—	—	—	$567M
Q1 22	—	—	—	$560M
Q2 22	—	—	—	$579M
Q3 22	—	—	—	$578M
Q4 22	—	—	—	$541M
Q4 25	$126M	—	—	$568M

Revenue Segments

Quarter	Beef	Chicken	Corporate and Other	Pork	Prepared Foods
Q3 17	$4.0B	$2.9B	$85M	$1.3B	$1.9B
Q4 17	$3.8B	$3.0B	$92M	$1.4B	$2.3B
Q1 18	$3.9B	$3.0B	$88M	$1.3B	$2.3B
Q2 18	$3.7B	$3.0B	$82M	$1.3B	$2.1B
Q3 18	$4.0B	$3.0B	$75M	$1.2B	$2.1B
Q1 19	$3.9B	$3.1B	$143M	$1.2B	$2.1B
Q3 20	$3.7B	$3.1B	$402M	$1.1B	$2.0B
Q2 21	$4.0B	$3.6B	$487M	$1.5B	$2.2B
Q1 22	$5.0B	$3.9B	$550M	$1.6B	$2.3B
Q2 22	$5.0B	$4.1B	$565M	$1.6B	$2.4B
Q3 22	$5.0B	$4.4B	$602M	$1.6B	$2.4B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$1.2B	$0	$1.2B
Q3 22	$1.1B	$0	$1.1B
Q4 22	$1.0B	$0	$1.0B
Q1 23	$654M	$0	$654M
Q2 23	$543M	$0	$543M
Q3 23	$699M	$0	$699M
Q4 23	$573M	$0	$573M
Q1 24	$1.5B	$0	$1.5B
Q2 24	$2.2B	$0	$2.2B
Q3 24	$2.6B	$0	$2.6B
Q4 24	$1.7B	$0	$1.7B
Q1 25	$2.3B	$0	$2.3B
Q2 25	$992M	$0	$992M
Q3 25	$1.5B	$0	$1.5B
Q4 25	$1.2B	$0	$1.2B
Q1 26	$1.3B	$0	$1.3B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 17	370M	0.0%	-4.6%
Q4 17	369M	-0.3%	-1.1%
Q1 18	371M	+0.5%	-0.5%
Q2 18	370M	-0.3%	0.0%
Q3 18	369M	-0.3%	-0.3%
Q4 18	367M	-0.5%	-0.5%
Q1 19	366M	-0.3%	-1.3%
Q3 20	364M	-0.5%	-1.6%
Q4 20	364M	0.0%	-1.4%
Q2 21	365M	+0.3%	-0.5%
Q4 21	366M	+0.3%	0.0%
Q1 22	365M	-0.3%	+0.3%
Q2 22	364M	-0.3%	0.0%
Q3 22	362M	-0.5%	-0.8%
Q4 22	361M	-0.3%	-1.4%
Q4 25	348M	-3.6%	-4.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 17	$86.4K	114K
Q4 17	$83.2K	122K
Q1 18	$83.8K	122K
Q2 18	$80.1K	122K
Q3 18	$82.4K	122K
Q4 18	$82.6K	121K
Q1 19	$84.2K	121K
Q3 20	$71.1K	141K
Q4 20	$81.3K	141K
Q2 21	$81.3K	139K
Q4 21	$92.2K	139K
Q1 22	$94.4K	137K
Q2 22	$95.7K	137K
Q3 22	$98.5K	137K
Q4 22	$100.3K	137K
Q4 25	$104.2K	133K

Revenue / Employee