NYSE: TSN
Tyson Foods
Consumer Staples · Poultry Slaughtering and Processing
52-week range
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 27, 2026. Hover or tap a column for another year.$20.6B
Show tableHide table
| Period | Market cap |
|---|---|
| FY2016, ended Oct 1, 2016 | $26.9B |
| FY2017, ended Sep 30, 2017 | $25.9B |
| FY2018, ended Sep 29, 2018 | $21.7B |
| FY2019, ended Sep 28, 2019 | $31.1B |
| FY2020, ended Oct 3, 2020 | $21.6B |
| FY2021, ended Oct 2, 2021 | $28.6B |
| FY2022, ended Oct 1, 2022 | $23.7B |
| FY2023, ended Sep 30, 2023 | $17.9B |
| FY2024, ended Sep 28, 2024 | $21.2B |
| FY2025, ended Sep 27, 2025 | $19.1B |
| Trailing 12 months to Jun 27, 2026 (through Q3 FY2026) | $20.6B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 27, 2026. Hover or tap a column for another year.$55.7B
Show tableHide table
| Period | Revenue |
|---|---|
| FY2016, ended Oct 1, 2016 | $36.9B |
| FY2017, ended Sep 30, 2017 | $38.3B |
| FY2018, ended Sep 29, 2018 | $40.1B |
| FY2019, ended Sep 28, 2019 | $42.4B |
| FY2020, ended Oct 3, 2020 | $43.2B |
| FY2021, ended Oct 2, 2021 | $47.0B |
| FY2022, ended Oct 1, 2022 | $53.3B |
| FY2023, ended Sep 30, 2023 | $52.9B |
| FY2024, ended Sep 28, 2024 | $53.3B |
| FY2025, ended Sep 27, 2025 | $54.4B |
| Trailing 12 months to Jun 27, 2026 (through Q3 FY2026) | $55.7B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 27, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Oct 1, 2016 | $1.77B | $2.02B |
| FY2017, ended Sep 30, 2017 | $1.77B | $1.53B |
| FY2018, ended Sep 29, 2018 | $2.97B | $1.76B |
| FY2019, ended Sep 28, 2019 | $1.98B | $1.25B |
| FY2020, ended Oct 3, 2020 | $2.06B | $2.67B |
| FY2021, ended Oct 2, 2021 | $3.05B | $2.63B |
| FY2022, ended Oct 1, 2022 | $3.24B | $800M |
| FY2023, ended Sep 30, 2023 | −$648M | −$187M |
| FY2024, ended Sep 28, 2024 | $800M | $1.46B |
| FY2025, ended Sep 27, 2025 | $474M | $1.18B |
| Trailing 12 months to Jun 27, 2026 (through Q3 FY2026) | $574M | $1.16B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 27, 2026. Hover or tap a column for another year.$740M
Show tableHide table
| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Oct 1, 2016 | $349M |
| FY2017, ended Sep 30, 2017 | $318M |
| FY2018, ended Sep 29, 2018 | $270M |
| FY2019, ended Sep 28, 2019 | $484M |
| FY2020, ended Oct 3, 2020 | $1.42B |
| FY2021, ended Oct 2, 2021 | $2.51B |
| FY2022, ended Oct 1, 2022 | $1.03B |
| FY2023, ended Sep 30, 2023 | $573M |
| FY2024, ended Sep 28, 2024 | $1.72B |
| FY2025, ended Sep 27, 2025 | $1.23B |
| Trailing 12 months to Jun 27, 2026 (through Q3 FY2026) | $740M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 27, 2026. Hover or tap a column for another year.$8.01B
Show tableHide table
| Period | Total debt |
|---|---|
| FY2016, ended Oct 1, 2016 | $6.28B |
| FY2017, ended Sep 30, 2017 | $10.2B |
| FY2018, ended Sep 29, 2018 | $9.87B |
| FY2019, ended Sep 28, 2019 | $11.9B |
| FY2020, ended Oct 3, 2020 | $11.3B |
| FY2021, ended Oct 2, 2021 | $9.35B |
| FY2022, ended Oct 1, 2022 | $8.32B |
| FY2023, ended Sep 30, 2023 | $9.51B |
| FY2024, ended Sep 28, 2024 | $9.79B |
| FY2025, ended Sep 27, 2025 | $8.83B |
| Trailing 12 months to Jun 27, 2026 (through Q3 FY2026) | $8.01B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 2.4% since 2016.Figures shown are for the trailing 12 months to Jun 27, 2026. Hover or tap a column for another year.352M
Show tableHide table
| Period | Shares outstanding |
|---|---|
| FY2016, ended Oct 1, 2016 | 361M |
| FY2017, ended Sep 30, 2017 | 368M |
| FY2018, ended Sep 29, 2018 | 365M |
| FY2019, ended Sep 28, 2019 | 365M |
| FY2020, ended Oct 3, 2020 | 364M |
| FY2021, ended Oct 2, 2021 | 365M |
| FY2022, ended Oct 1, 2022 | 360M |
| FY2023, ended Sep 30, 2023 | 355M |
| FY2024, ended Sep 28, 2024 | 356M |
| FY2025, ended Sep 27, 2025 | 353M |
| Trailing 12 months to Jun 27, 2026 (through Q3 FY2026) | 352M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 27, 2026. Hover or tap a column for another year.Net: —
Show tableHide table
| Period | Bought back | Paid to employees | Sold for cash |
|---|---|---|---|
| FY2016, ended Oct 1, 2016 | $1.94B | $81.0M | $0 |
| FY2017, ended Sep 30, 2017 | $860M | $92.0M | — |
| FY2018, ended Sep 29, 2018 | $427M | $69.0M | — |
| FY2019, ended Sep 28, 2019 | $252M | $77.0M | — |
| FY2020, ended Oct 3, 2020 | $207M | $89.0M | — |
| FY2021, ended Oct 2, 2021 | — | $91.0M | — |
| FY2022, ended Oct 1, 2022 | — | $93.0M | — |
| FY2023, ended Sep 30, 2023 | — | $61.0M | — |
| FY2024, ended Sep 28, 2024 | — | $101M | — |
| FY2025, ended Sep 27, 2025 | — | $100M | — |
| Trailing 12 months to Jun 27, 2026 (through Q3 FY2026) | — | — | — |
Revenue (TTM)
$55.7B
+2.9% YoY
Net income (TTM)
$574M
−26.8% YoY
Cash
$740M
−52.2% YoY
Total debt
$8.01B
−11.7% YoY
Valuation
At current price- Market Cap
- $20.1B
- P/E
- 35.0×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 0.4×
- Price / Book
- 1.1×
- EV / EBITDA
- 10.4×
Growth
Trailing 12 months- Revenue (TTM)
- $55.7B
- Revenue Growth YoY
- 2.9%
- Revenue CAGR 3Y
- 0.7%
- Revenue CAGR 5Y
- 4.7%
- EPS Growth YoY
- −26.4%
- Net Income Growth YoY
- −26.8%
Profitability
Trailing 12 months- Gross Margin
- 6.1%
- Operating Margin
- 2.3%
- Net Margin
- 1.0%
- FCF Margin
- 2.1%
- Return on Equity
- 3.2%
Earnings
Trailing 12 months- Net Income
- $574M
- EPS (diluted)
- $1.62
- EBITDA
- $2.63B
- Operating Income
- $1.26B
Balance Sheet
As of Jun 27, 2026- Cash and cash equivalents
- $740M
- Total Debt
- $8.01B
- Net Debt
- $7.27B
- Total Assets
- $35.6B
- Total Liabilities
- $17.4B
- Shareholders' Equity
- $18.1B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $2.00B
- Capital Expenditure
- $843M
- Free Cash Flow
- $1.16B
Dividends and risk
Last 12 months- Dividend Yield
- 3.6%
- Dividend / Share
- $2.04
- Beta (5Y)
- 0.40
Every ratio is calculated from the company’s reported figures.
Note
Revenue is roughly flat year over year at $55.7B.
Note
Net margin of 1.0% over the last 12 months.
Note
Net debt of $7.27B is 2.8× EBITDA.
Note
Free cash flow of $1.16B, 2.1% of revenue.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Sep 27, 2025 · filed Nov 10, 2025
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K69Mildly positive
10-K for the fiscal year ended Sep 28, 2024
Filed Nov 12, 2024 · Read the filing on EDGAR
- Sales rose 0.8% to $53.3 billion, and a $395 million operating loss became a $1.41 billion operating profit.
- Chicken swung to a $988 million profit from a $770 million loss, while Beef's loss widened to $381 million on higher cattle costs.
- Net debt fell to 2.8 times EBITDA from 9.1 times, and liquidity rose to nearly $4.0 billion.
- No goodwill write-downs this year, but $3.3 billion of Beef and Chicken goodwill remains at heightened risk.
Business momentum
Strong improvement
“We reported operating income of $1,409 million in fiscal 2024 as compared to an operating loss of $395 million in fiscal 2023”
Outlook
Neutral
“We expect capital expenditures between $1.0 billion and $1.2 billion for fiscal 2025.”
Financial stress
Low
“Cash flows from operating activities and cash on hand are our primary sources of liquidity for funding debt service, capital expenditures, dividends and share repurchases.”
Tone against the previous report
More positive
Red flags
- Medium
Major lawsuit
“we recognized $174 million and $156 million of charges in fiscal 2024 and 2023, respectively, from legal accruals related to our broiler antitrust civil litigation, broiler chicken grower litigation, pork antitrust litigation and wage rate litigation”
- Minor
Other
“$86 million of costs related to a production facility fire in the Netherlands and the subsequent decision to sell the facility”
Positives
Chicken returned to a strong profit, helped by lower feed costs and better efficiency
“Additionally, we experienced $895 million of lower feed ingredient costs in fiscal 2024 which was partially offset by associated decreases in average sales price.”
Debt burden fell sharply relative to earnings
“At September 28, 2024, and September 30, 2023, the ratio of our net debt to EBITDA was 2.8x and 9.1x, respectively.”
Cash generated by the business rose substantially
“Cash provided by operating activities for fiscal 2024 was $2.6 billion, an increase of $838 million compared to fiscal 2023”
Concerns
Beef, the largest segment, lost more money as cattle stayed scarce and costly
“Increase in cattle costs of approximately $1,315 million in our Beef segment.”
Goodwill write-downs remain possible, especially in Beef
“Following the annual fiscal 2024 assessment, our Beef and two Chicken segment reporting units, with total goodwill of approximately $3.3 billion, were at heightened risk of impairment.”
Timing of relief from tight cattle supply is unclear
“Additionally, uncertainty exists regarding the timing of the anticipated cattle herd rebuilding.”
New risks since the previous report
Bird flu spreading to US dairy cattle and farm workers could disrupt supply and demand
“In 2024, HPAI was detected in the United States in dairy cattle, wild birds, mammals, and farm workers directly exposed to infected dairy or poultry.”
A $0.5 billion Prepared Foods brand could face a write-down if growth stays weak
“Had we assumed future growth rates consistent with those realized in fiscal 2024, we would have failed the impairment quantitative test, which may have resulted in material impairment losses.”
Some customer contracts carry unlimited liability for Tyson
“Some of our commercial contracts with our customers have uncapped indemnification clauses or no limitation of liability provisions”
Biggest risks named
- Volatile cattle, feed and other input costs that pricing may not cover
- Further goodwill and brand write-downs, especially Beef and Chicken
- Antitrust, wage, grower and Oklahoma environmental lawsuits
- Animal disease outbreaks, including bird flu and African swine fever
- Dependence on large customers, with Walmart at 18.4% of sales
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +12 | |
| Outlook | 0 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | −3.3 | |
| New risks | −1.5 | |
| Score | 69 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Nov 10, 2025 | Pro | |||
| 10-K | Nov 12, 2024 | 69 | Strong improvement | 1 medium1 minor | |
| 10-K | Nov 13, 2023 | 26 | Sharp deterioration | 2 medium | |
| 10-K | Nov 14, 2022 | 51 | Mixed | 1 medium | |
| 10-K | Nov 15, 2021 | 63 | Strong improvement | 1 medium1 minor | |
| 10-K | Nov 16, 2020 | 55 | Improving | 1 medium3 minor | |
| 10-K | Nov 12, 2019 | 49 | Mixed | 2 minor | |
| 10-K | Nov 13, 2018 | 62 | Improving | None | |
| 10-K | Nov 13, 2017 | 63 | Improving | 1 medium1 minor | |
| 10-K | Nov 21, 2016 | 57 | Mixed | 1 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Jun 27, 2026), filed Aug 3, 2026. View filings on SEC EDGAR