undamentalytics Newsletter
Sign in

Tyson Foods (TSN) stock

Add to watchlist

Add holding +

NYSE: TSN NYSE Packaged Foods & Meats Next results ~November 16, 2026

C Fundamentals grade

Tyson Foods is a US-listed company in the packaged foods & meats industry. Its financial year ends in September.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$50

Cash-flow model

Base case. Range ~$32–$73 across our lower- and higher-growth cases (-2.8%–7.2% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 15% above our base value.

Price used: $57.08, November 2, 2026

Tyson Foods valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 2 selling1 purchase and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds383 adding, 464 cuttingOf 77 active managers that changed their stake, 40 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Tyson Foods files

Where Tyson Foods stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $55.7bn, up 2.9% on a year earlier, slower than 3.9% a quarter earlier. Free-cash-flow margin held at 2.1%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 2 financial-health checks. Our cash-flow model value is $58.53 a share, against a share price of $54.83. At that price, our model says the market is pricing in about 1.2% a year of cash-flow growth for five years, slower than the 3.4% a year revenue growth it has delivered.

Source: 10-Q filed August 3, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 16, 2026 (estimated)

Tyson Foods's trailing-twelve-month revenue grew 2.9% year on year, with a free-cash-flow margin of 2.1%. Where it stands out: days sales outstanding of 16 days ranks 1 of 35 packaged foods & meats companies we cover. Where it lags: gross margin of 6.1% ranks 43 of 43 packaged foods & meats companies we cover.

Our discounted-cash-flow model values the business at ~$50 per share in the base case (~$32–$73 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 10.6% while net income fell 26.8%: a 16pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Below peers: gross margin. Gross margin of 6.1% ranks 43 of 43 packaged foods & meats companies we cover (median 25.6%).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 13.1% over 90 days.

Latest results: FY2026 Q3

Filed August 3, 2026
Earnings per share
$0.99 against an average estimate of $0.99: beat by 0.3%
Revenue
$13.87bn, down 0.1% on a year earlier
Share reaction
+1.3% in the first session after the results on August 3, 2026, against +3.3% for the S&P 500
Guidance given
segment operating loss, as adjusted $-650m to $-500m (fiscal 2026); segment operating income, as adjusted $250m to $300m (fiscal 2026)
Next report
November 16, 2026; average EPS estimate $0.60

Tyson Foods' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.1%
  • 1 week+1.2%
  • 1 month+10.0%
  • This year-0.1%
  • 1 year+14.9%
  • 5 years-18.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$55.7B
Operating margin
2.3%
Net margin
1.0%
EPS (TTM, diluted)
$1.62

Growth

Revenue growth
+2.9%
Change in growth rate
−1.0 pts
Share count change
−0.6%

Cash

Free cash flow (TTM)
$1.2B
FCF margin
2.1%

Earnings

Last results
August 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Announcement
  3. Announcement
  4. Agreement
  5. Announcement
  6. Agreement
  7. Announcement
  8. Results
  9. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Tyson Foods valuation models and calculator

What the price is pricing in

The share price implies about 3.1% a year of cash-flow growth for five years.That is close to the 3.4% a year revenue growth Tyson Foods has delivered.

  • Priced in3.1%
  • Last 12 months2.9%
  • 3 years a year1.5%
  • 5 years a year3.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($56.48, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$50
Price used
$56.48close November 3, 2026
Implied change
▼ 12%
Uncertainty
High

How we got here: a discounted-cash-flow model of Tyson Foods's free cash flow after stock-based pay with after-tax interest added back ($1.6B, FY2026 Q3 TTM), growing 0.4% and 1% in the next two years (forecasts, guidance and its record), then back to 2.2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$32–~$73 ; that spread sets a 35% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Tyson Foods's free cash flow after stock-based pay ( $1.6B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Tyson Foods as an operating company, with every model that fits that kind of business. Cost of equity 7%: the 10-year Treasury yield (4.9%) plus a beta of 0.44 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$50 ~$32–$73 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$38 ~$40–$67 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$47 ~$31–$71 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$43 ~$35–$56 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$46 ~$38–$50 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Tyson Foods with Packaged Foods & Meats in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −35%
  • Revenue growth 5 points higher ▲ +46%
  • Free-cash-flow margin 1 point lower ▼ −53%
  • Last year's free-cash-flow margin change, if it persists ▼ −14%
  • Discount rate 1 point higher ▼ −20%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $42$65$95$134$186$252
8.5% $28$44$65$94$130$177
10% $19$31$48$69$97$133

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$57.50$55.06$47.31$69.21$49.34$66.78$57.45$45.49$55.74$52.35$57.08
Market value$22.4bn$20.4bn$17.5bn$25.3bn$18.0bn$24.4bn$20.9bn$12.9bn$19.8bn$18.7bn$20.3bn
+ Net debt (− = net cash)$5.9bn$9.9bn$9.6bn$11.4bn$9.9bn$6.8bn$7.3bn$8.9bn$8.1bn$7.6bn$7.3bn
Enterprise value$28.4bn$30.3bn$27.1bn$36.8bn$27.9bn$31.2bn$28.1bn$21.9bn$27.9bn$26.3bn$27.5bn
Multiples
Price / sales 0.6x0.5x0.4x0.6x0.4x0.5x0.4x0.2x0.4x0.3x0.4x
Price / earnings 12.7x11.5x5.9x12.8x8.7x8.0x6.4x—24.8x39.4x35.3x
Price / free cash flow 11.1x13.3x9.9x20.2x6.7x9.3x26.1x—13.6x15.9x17.5x
EV / EBITDA 8.0x8.2x6.9x9.5x6.7x5.6x5.0x23.4x10.0x10.7x10.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

41 /100

Weak moat

How hard Tyson Foods's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 8 / 20

    Cash operating profit has been a median 6.9% of total assets over 10 years.

  • Pricing power 7 / 20

    Gross margin has been a median 12.0%, moving by 3.3 percentage points (standard deviation) across 10 years.

  • Durability 2 / 20

    Operating margin has been a median 6.7%; its worst year was 0.8%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 10 of 10 years, at a median 2.9% of revenue.

  • Discipline 13 / 20

    The diluted share count fell 2.7% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 16, 2026, before the open. Analysts expect revenue of $14.2bn and EPS of $0.60 (range $0.49 to $1.13) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.55 −14% $56.2bn +3%
Next $3.90 +10% $55.4bn −1%

Next year's EPS estimate has moved −13.1% in 90 days, across 10 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −11.5% on 90 days ago. In the last 30 days, 0 analysts raised Tyson Foods's forecast and 2 cut it.

Consensus EPS forecast Tyson Foods, last 90 days
$3.50 $4.00 $4.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.02 Current fiscal year, 60 days ago: $3.95 Current fiscal year, 30 days ago: $3.71 Current fiscal year, 7 days ago: $3.62 Current fiscal year, Now: $3.55 $3.55 Next fiscal year, 90 days ago: $4.48 Next fiscal year, 60 days ago: $4.48 Next fiscal year, 30 days ago: $4.13 Next fiscal year, 7 days ago: $4.00 Next fiscal year, Now: $3.90 $3.90

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.02$4.48
60 days ago $3.95$4.48
30 days ago $3.71$4.13
7 days ago $3.62$4.00
Now $3.55$3.90

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.99 $0.99 +0.3%
Mar 2026 $0.78 $0.87 +11.6%
Dec 2025 $0.94 $0.97 +3.1%
Sept 2025 $0.83 $1.15 +37.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 3, 2026
  • Sales growth fiscal 2026 2.5% growth to 3.5% growth
    “We expect sales to be up 2.5% to 3.5% in fiscal 2026 as compared to fiscal 2025.” source
  • Segment operating loss, as adjusted · Beef fiscal 2026 $-650m to $-500m Non-GAAP
    “We anticipate segment operating loss, as adjusted, of $(650) million to $(500) million in fiscal 2026.” source
  • Segment operating income, as adjusted · Pork fiscal 2026 $250m to $300m Non-GAAP
    “We anticipate segment operating income, as adjusted, of $250 million to $300 million in fiscal 2026.” source
  • Segment operating income, as adjusted · Chicken fiscal 2026 $1.9bn to $2.05bn Non-GAAP
    “We anticipate segment operating income, as adjusted, of $1.90 billion to $2.05 billion in fiscal 2026.” source
  • Segment operating income, as adjusted · Prepared Foods fiscal 2026 $1.3bn to $1.35bn Non-GAAP
    “We anticipate segment operating income, as adjusted, of $1.3 billion to $1.35 billion in fiscal 2026.” source
  • Segment operating income, as adjusted · International fiscal 2026 $150m to $200m Non-GAAP
    “We anticipate segment operating income, as adjusted, of $150 million to $200 million in fiscal 2026.” source
Show 7 more items
  • Corporate expenses and amortization, as adjusted fiscal 2026 $950m to $975m Non-GAAP
    “We anticipate corporate expenses and amortization, as adjusted, of $950 million to $975 million in fiscal 2026.” source
  • Total company adjusted operating income fiscal 2026 $2.1bn to $2.3bn Non-GAAP
    “We anticipate total company adjusted operating income of $2.1 billion to $2.3 billion for fiscal 2026.” source
  • Capital expenditures fiscal 2026 $0.7bn to $0.9bn
    “We expect capital expenditures of $0.7 billion to $0.9 billion in fiscal 2026.” source
  • Net interest expense fiscal 2026 about $365m
    “We expect net interest expense to approximate $365 million in fiscal 2026.” source
  • Total liquidity target fiscal 2026 —
    “We expect total liquidity, which was $4.0 billion as of June 27, 2026, to remain above our minimum liquidity target of $1.0 billion.” source
  • Free cash flow fiscal 2026 $1.3bn to $1.7bn Non-GAAP
    “We expect free cash flow to be between $1.3 billion and $1.7 billion for fiscal 2026.” source
  • Adjusted effective tax rate fiscal 2026 about 25% Non-GAAP
    “We currently expect our adjusted effective tax rate to approximate 25% in fiscal 2026.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Tyson Foods's revenue by +0.4% next year and +1.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-0.1%, weight 54%) , management guidance (-0.4%, weight 20%) and the company's own record (+2.2%, weight 26%) . How the weights are set.

Analyst recommendations

13 analysts, Oct 2026
Buy538%
Hold754%
Sell18%

Monthly trend

  1. Oct 2026327113
  2. Sep 2026327113
  3. Aug 2026228113
  4. Jul 2026228113

Counts of recommendations published by analysts covering Tyson Foods, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.6%
of tradable shares
Days to cover
2.89
at average volume
Short interest, 1 month
+5%
to October 15, 2026
Held by institutions
94%
of shares
Held by insiders
2.6%
of shares
Employees
133,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +14.9%

$49.66 on October 31, 2025 to $57.08

ThenNowEffect
Revenue (last 12 months) $54.1bn $55.7bn +2.9%
Net margin 1.4% 1.0% −28.8%
P/E multiple 22.6x 35.3x +56.0%
Share count 357m 355m +0.6%

Biggest factor: p/e multiple.

Last 3 years +34.6%

$42.40 on November 3, 2023 to $57.08

ThenNowEffect
Revenue (last 12 months) $53.3bn $55.7bn +4.6%
Net margin 0.6% 1.0% +61.5%
P/E multiple 40.1x 35.3x −12.0%
Share count 322m 355m −9.4%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TSN+39%−27%−10%+11%+6%−0%
Industry peers (median)+8%−3%−4%−2%−19%−16%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TSN67%42%58%50%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TSN−13%−37%−30%−13%−19%−25%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 52% from January 13, 2020 to March 18, 2020. Getting back needed a 110% gain, reached on January 4, 2022, 657 days after the low.

Price behaviour

52-week range
$49.88 – $67.54
From 52-week high
−15.5%
vs 50-day average
+6.4%
vs 200-day average
−3.0%
Volatility (1 year)
27%
Beta vs S&P 500
-0.08

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±3.8%
After a week
7 up, 5 down
typical move ±4.0%
After a month
6 up, 6 down
typical move ±7.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 3, 2026 +1.3% +3.3% −1.4% −4.1%
May 4, 2026 +7.5% +0.4% +5.3% −9.6%
February 2, 2026 −0.9% −0.4% +0.1% −2.9%
November 10, 2025 +5.4% +1.8% +0.8% +10.4%
August 4, 2025 +4.3% +1.0% +7.9% +8.2%
May 5, 2025 −8.3% −1.4% −7.9% −7.7%
February 3, 2025 +0.9% 0.0% +2.2% +8.4%
November 12, 2024 +7.6% −0.3% +7.0% +4.9%
August 5, 2024 +0.5% −2.0% −1.5% +8.2%
May 6, 2024 −5.0% +1.1% −3.8% −8.3%
February 5, 2024 −1.7% −0.1% −6.8% −4.4%
November 13, 2023 +1.7% +1.8% +3.1% +12.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Tyson Foods’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.25× the last 60 days’ realised volatility .
  • Puts are priced 4 points richer than calls (25-delta): the market is paying up for downside protection, which favours selling puts over calls.
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

TSN Tyson Foods Grade C $57.20

Own 100 shares, sell the $60.00 call expiring December 18, 2026 (46 days) for $1.00 a share — $100 per contract.

Previous session · Bid $1.00, ask $1.35, quoted Mon 2 Nov, 17:38 New York time with TSN at $57.20. Option prices move with the shares: check the live chain at your broker before trading.

  • If TSN ends below $60.00: you keep your shares and the $100 — 1.8% extra on the position, 13.9% a year at that pace.
  • If it ends above $60.00: your shares are sold at $60.00, a total return of 6.7% including the premium — at or above our value of ~$50.
$381 $0 −$1.1k Our value $50.00 Break-even $56.20 Price $57.20
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$100
Annualised
13.9%
Break-even
$56.20
Max gain
$380.5
Chance of selling
~37%

Results are expected around November 2, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Own the shares, buy the $52.50 put and sell the $60.00 call, both expiring December 18, 2026 (46 days).

  • Net credit of $0.00 a share ($0.00 per contract of 100 shares).
  • Worst case at expiry: -8.2%, if the shares fall below $52.50 (-8.2% from today).
  • Best case at expiry: +4.9%, if the shares rise above $60.00 (+4.9%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $50.00: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Tyson Foods in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Tyson Foods
$52B $53B $54B $55B $56B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $52.9B Revenue (TTM), FY24 Q1: $52.9B Revenue (TTM), FY24 Q2: $52.9B Revenue (TTM), FY24 Q3: $53.1B Revenue (TTM), FY24 Q4: $53.3B Revenue (TTM), FY25 Q1: $53.6B Revenue (TTM), FY25 Q2: $53.6B Revenue (TTM), FY25 Q3: $54.1B Revenue (TTM), FY25 Q4: $54.4B Revenue (TTM), FY26 Q1: $55.1B Revenue (TTM), FY26 Q2: $55.7B Revenue (TTM), FY26 Q3: $55.7B $55.7B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $52.9B
FY24 Q1 $52.9B
FY24 Q2 $52.9B
FY24 Q3 $53.1B
FY24 Q4 $53.3B
FY25 Q1 $53.6B
FY25 Q2 $53.6B
FY25 Q3 $54.1B
FY25 Q4 $54.4B
FY26 Q1 $55.1B
FY26 Q2 $55.7B
FY26 Q3 $55.7B
Revenue growth, TTM YoY Tyson Foods
-2% 0% 2% 4% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -0.8% Revenue growth, TTM YoY, FY24 Q1: -1.2% Revenue growth, TTM YoY, FY24 Q2: -1.4% Revenue growth, TTM YoY, FY24 Q3: -0.3% Revenue growth, TTM YoY, FY24 Q4: 0.8% Revenue growth, TTM YoY, FY25 Q1: 1.3% Revenue growth, TTM YoY, FY25 Q2: 1.4% Revenue growth, TTM YoY, FY25 Q3: 2.0% Revenue growth, TTM YoY, FY25 Q4: 2.1% Revenue growth, TTM YoY, FY26 Q1: 2.8% Revenue growth, TTM YoY, FY26 Q2: 3.9% Revenue growth, TTM YoY, FY26 Q3: 2.9% 2.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -0.8%
FY24 Q1 -1.2%
FY24 Q2 -1.4%
FY24 Q3 -0.3%
FY24 Q4 0.8%
FY25 Q1 1.3%
FY25 Q2 1.4%
FY25 Q3 2.0%
FY25 Q4 2.1%
FY26 Q1 2.8%
FY26 Q2 3.9%
FY26 Q3 2.9%
Operating margin (TTM) Tyson Foods
-2% 0% 2% 4% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -0.7% Operating margin (TTM), FY24 Q1: -1.2% Operating margin (TTM), FY24 Q2: -0.5% Operating margin (TTM), FY24 Q3: 0.8% Operating margin (TTM), FY24 Q4: 2.6% Operating margin (TTM), FY25 Q1: 3.3% Operating margin (TTM), FY25 Q2: 2.9% Operating margin (TTM), FY25 Q3: 2.7% Operating margin (TTM), FY25 Q4: 2.0% Operating margin (TTM), FY26 Q1: 1.5% Operating margin (TTM), FY26 Q2: 2.1% Operating margin (TTM), FY26 Q3: 2.3% 2.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -0.7%
FY24 Q1 -1.2%
FY24 Q2 -0.5%
FY24 Q3 0.8%
FY24 Q4 2.6%
FY25 Q1 3.3%
FY25 Q2 2.9%
FY25 Q3 2.7%
FY25 Q4 2.0%
FY26 Q1 1.5%
FY26 Q2 2.1%
FY26 Q3 2.3%
FCF margin (TTM) Tyson Foods
-1% 0% 1% 2% 3% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -0.4% FCF margin (TTM), FY24 Q1: 1.1% FCF margin (TTM), FY24 Q2: 1.3% FCF margin (TTM), FY24 Q3: 2.0% FCF margin (TTM), FY24 Q4: 2.7% FCF margin (TTM), FY25 Q1: 2.4% FCF margin (TTM), FY25 Q2: 2.4% FCF margin (TTM), FY25 Q3: 2.4% FCF margin (TTM), FY25 Q4: 2.2% FCF margin (TTM), FY26 Q1: 2.0% FCF margin (TTM), FY26 Q2: 2.2% FCF margin (TTM), FY26 Q3: 2.1% 2.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -0.4%
FY24 Q1 1.1%
FY24 Q2 1.3%
FY24 Q3 2.0%
FY24 Q4 2.7%
FY25 Q1 2.4%
FY25 Q2 2.4%
FY25 Q3 2.4%
FY25 Q4 2.2%
FY26 Q1 2.0%
FY26 Q2 2.2%
FY26 Q3 2.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Oct 2009 2010 Oct 2010 2011 Oct 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Oct 2015 2016 Oct 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Oct 2020 2021 Oct 2021 2022 Oct 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 26.7 28.4 32.0 33.1 34.4 37.6 41.4 36.9 38.3 40.1 42.4 43.2 47.0 53.3 52.9 53.3 54.4 55.7
Gross profit 1.2 2.5 2.2 2.2 2.4 2.7 3.9 4.7 5.1 5.1 5.0 5.4 6.5 6.7 2.6 3.6 3.6 3.4
EBITDA 0.2 2.0 1.7 1.7 1.9 2.0 2.9 3.5 3.7 3.9 3.9 4.2 5.6 5.6 0.9 2.8 2.4 2.5
Operating income −0.2 1.6 1.3 1.3 1.4 1.4 2.2 2.8 2.9 3.0 2.8 3.0 4.4 4.4 −0.4 1.4 1.1 1.3
Net income −0.5 0.8 0.8 0.6 0.8 0.9 1.2 1.8 1.8 3.0 2.0 2.1 3.0 3.2 −0.6 0.8 0.5 0.6
Diluted EPS −$1.47 $2.06 $1.97 $1.58 $2.12 $2.37 $2.95 $4.53 $4.79 $8.04 $5.40 $5.64 $8.34 $8.92 −$1.87 $2.25 $1.33 $1.62
Growth (year on year)
Revenue −0.6% +6.5% +12.7% +3.2% +4.0% +9.3% +10.1% −10.9% +3.7% +4.7% +5.9% +1.8% +8.9% +13.2% −0.8% +0.8% +2.1% +2.9%
EBITDA −71.2% — −12.7% +0.4% +7.9% +4.5% +47.2% +23.0% +3.9% +6.4% −1.2% +8.6% +33.6% +0.2% −83.3% — −12.5% −5.5%
Operating income — — −17.2% −0.2% +6.9% +4.0% +51.7% +30.6% +3.1% +1.6% −6.7% +8.6% +46.1% +0.3% −109.0% — −22.1% −14.2%
Net income — — −3.8% −22.3% — +11.1% +41.2% +44.9% +0.3% +67.4% −33.3% +4.1% +47.8% +6.3% −120.0% — — —
Diluted EPS — — −4.4% −19.8% — +11.8% +24.5% +53.6% +5.7% +67.8% −32.8% +4.4% +47.9% +7.0% −121.0% — — —
Margins
Gross margin 4.5% 8.8% 6.9% 6.6% 6.9% 7.1% 9.5% 12.7% 13.2% 12.7% 11.8% 12.5% 13.9% 12.5% 5.0% 6.8% 6.5% 6.1%
EBITDA margin 0.9% 6.9% 5.4% 5.2% 5.4% 5.2% 6.9% 9.6% 9.6% 9.7% 9.1% 9.7% 11.9% 10.5% 1.8% 5.2% 4.5% 4.5%
Operating margin −0.8% 5.5% 4.0% 3.9% 4.0% 3.8% 5.2% 7.7% 7.6% 7.4% 6.5% 7.0% 9.3% 8.3% −0.7% 2.6% 2.0% 2.3%
Net margin −2.0% 2.7% 2.3% 1.8% 2.3% 2.3% 2.9% 4.8% 4.6% 7.4% 4.7% 4.8% 6.5% 6.1% −1.2% 1.5% 0.9% 1.0%
Free-cash-flow margin 2.2% 3.1% 1.3% 1.5% 2.2% 1.5% 4.1% 5.5% 4.0% 4.4% 3.0% 6.2% 5.6% 1.5% −0.4% 2.7% 2.2% 2.1%
Cash flow
Cash from operations 1.0 1.4 1.0 1.2 1.3 1.2 2.6 2.7 2.6 3.0 2.5 3.9 3.8 2.7 1.8 2.6 2.2 2.0
Capital spending 0.4 0.6 0.6 0.7 0.6 0.6 0.9 0.7 1.1 1.2 1.3 1.2 1.2 1.9 1.9 1.1 1.0 0.8
Free cash flow 0.6 0.9 0.4 0.5 0.8 0.5 1.7 2.0 1.5 1.8 1.3 2.7 2.6 0.8 −0.2 1.5 1.2 1.2
Stock-based pay — — — — 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 —
Free cash flow after stock pay — — — — 0.7 0.5 1.6 1.9 1.4 1.7 1.2 2.6 2.5 0.7 −0.2 1.4 1.1 —
Balance sheet
Cash 1.0 1.0 0.7 1.1 1.1 0.4 0.7 0.3 0.3 0.3 0.5 1.4 2.5 1.0 0.6 1.7 1.2 0.7
Total debt 3.5 2.5 2.2 2.4 2.4 8.2 6.7 6.3 10.2 9.9 11.9 11.3 9.3 8.3 9.5 9.8 8.8 8.0
Net debt (negative = net cash) 2.5 1.6 1.5 1.4 1.3 7.7 6.0 5.9 9.9 9.6 11.4 9.9 6.8 7.3 8.9 8.1 7.6 7.3
Diluted shares 372m 379m 380m 370m 367m 364m 413m 390m 370m 369m 366m 365m 365m 363m 284m 356m 357m 355m
Returned to shareholders
Dividends 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.3 0.4 0.5 0.6 0.6 0.7 0.7 0.7 0.7 0.7
Buybacks 0.0 0.0 0.2 0.3 0.6 0.3 0.5 1.9 0.9 0.4 0.3 0.2 — — — — — —
Total returned 0.1 0.1 0.3 0.3 0.7 0.4 0.6 2.2 1.2 0.9 0.8 0.8 0.6 0.7 0.7 0.7 0.7 0.7

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · June 27, 2026
What it owns · $35.6bn
Short-term assets $9.5bnLonger-term assets $26.1bn
What it owes, and who funded it · $24.7bn
Short-term liabilities $6.6bnShareholders' equity $18.1bn
  • Short-term assets cover short-term liabilities $9.5bn of assets due within a year against $6.6bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $740m of cash against $8.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 44% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 45% to 44% over five years.
  • A year's operating cash flow covers at least 20% of debt $2.0bn of operating cash flow against $8.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.3bn against $405m of interest.

From Tyson Foods's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$702M
Diluted share count
−0.6%
year over year
Total shareholder yield
3.5%
dividends 3.5% + buybacks 0.0% of market value
Dividend payout ratio
122%
of net income paid out
Sales & admin spending
3.9%
of revenue
Days sales outstanding
16 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in packaged foods & meats
Last 12 months unless stated TSN MDLZ KHC PPC GIS SFD Median
Revenue, last 12 months $55.7bn $39.9bn $24.9bn $18.3bn $18.3bn $15.2bn $1.5bn
Revenue growth, last 12 months 2.9% 6.0% −1.6% −0.1% −4.5% −0.6% 2.1%
Revenue growth, 3-year average 1.5% 4.1% −2.8% 2.6% −3.4% −2.4% 1.5%
Revenue growth, latest quarter −0.1% 2.3% −1.4% −2.2% −2.8% −8.3% −1.8%
Gross margin 6.1% 34.3% 33.4% 7.9% 33.6% 12.6% 25.6%
Operating margin 2.3% 13.7% −12.8% 3.4% −1.1% 7.6% 3.1%
Operating margin, 3-year average 1.9% 13.8% −8.6% 6.8% 12.5% 7.2% 4.8%
Net margin 1.0% 10.2% −13.6% 1.7% −4.9% 5.9% 2.1%
Cash from operations / revenue 3.6% 12.5% 18.6% 5.3% 11.3% 8.6% 8.0%
Free-cash-flow margin 2.1% 9.2% 15.3% 2.5% 8.5% 6.1% 3.9%
Free-cash-flow margin, 3-year average 2.1% 8.5% 13.6% 5.1% 11.1% — 5.7%
Stock pay / revenue — 0.4% 0.4% 0.1% 0.5% 0.1% 0.6%
Change in share count −0.6% −1.8% −1.4% 0.2% −2.8% 1.4% 0.0%

Median of all 44 companies we cover in packaged foods & meats. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

44 packaged foods & meats companies
Measure Company Peer median Rank
Revenue growth Growth 2.9% 2.2% 19 of 44
Change in growth rate Growth -1.0pp -1.0pp 24 of 44
Gross margin Profitability 6.1% 25.6% 43 of 43
Operating margin Profitability 2.3% 3.4% 24 of 42
Net margin Profitability 1.0% 2.3% 26 of 44
Free-cash-flow margin Cash generation 2.1% 4.3% 27 of 43
Long-term debt as % of assets Balance sheet 18.5% 18.5% 18 of 35
Change in share count Balance sheet -0.6% 0.1% 14 of 40
Days sales outstanding Balance sheet 16 days 33 days 1 of 35

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 27, 2025
Segments
Line of business Revenue Share YoY
Beef $21.6B 39.7% ▲ 5.6%
Chicken $16.8B 30.9% ▲ 2.5%
Prepared Foods $9.9B 18.2% ▲ 0.8%
Pork $5.8B 10.6% ▼ 2.1%
Corporate and Other $2.3B 4.2% ▼ 2.6%
Intersegment Revenues -$2B -3.7% —

From Tyson Foods's 10-K filed November 10, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$14.8B
Institutions reporting
869
Shares held vs prior quarter
▲ 4.0%
Positions opened / closed
81 / 110

Top buyers and sellers, Q2 2026: 383 institutions bought and 464 sold ; the biggest buyer was Jane Street Group, LLC (+1.8M shares) and the biggest seller Price T Rowe Associates Inc (−2.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.5B 26.2M 10.1% ▲ 5.3%
Vanguard Capital Management LLC $1.1B 18.4M 7.1% ▲ 0.6%
Pzena Investment Management LLC $974M 17.0M 6.6% ▼ 0.8%
Vanguard Portfolio Management LLC $889M 15.5M 6.0% ▲ 0.7%
State Street Corp $839M 14.7M 5.7% ▲ 2.4%
Davis Selected Advisers $724M 12.7M 4.9% ▼ 3.3%
AQR Capital Management LLC $469M 8.2M 3.2% ▼ 18.0%
Geode Capital Management, LLC $440M 7.7M 3.0% ▲ 1.4%
Invesco Ltd. $316M 5.5M 2.1% ▼ 10.7%
Northern Trust Corp $275M 4.8M 1.9% ▼ 6.3%
Norges Bank $262M 4.6M 1.8% —
Goldman Sachs Group Inc $257M 4.5M 1.7% ▼ 9.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Tyson Foods's complete shareholder register. Values are as reported by the filers ; 8 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $1M 1 trade by 1 insider, last 12 months Insider sales History → $6.2M 2 trades by 2 insiders · 0% under pre-set plans
Net ▼ $5.2M net selling
Insider Date Trade Shares Price Value
Schomburger Jeffrey K President & CEO Elect September 4, 2026 Buy 19,450 $51.50 $1M
Tyson John H Chairman of the Board November 28, 2025 Sell 100,301 $58.05 $5.8M
Calaway Curt Chief Financial Officer November 25, 2025 Sell 6,539 $57.19 $373,965

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 17 trades and filings

No trades in Tyson Foods disclosed in the last 12 months; 17 earlier trades on record.

  • Val T. Hoyle(D-OR 4):Sale (full), $1,001 - $15,000, traded September 23, 2025, filed October 10, 2025
  • Val T. Hoyle(D-OR 4):Purchase, $1,001 - $15,000, traded October 29, 2024, filed September 12, 2025
  • Daniel S. Goldman(D-NY 10):Sale (full), $1,001 - $15,000, traded July 14, 2023, filed August 13, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 2, 2026 estimated from the company's past filing pattern, not announced

  • August 3, 2026
  • May 4, 2026
  • February 2, 2026
  • November 10, 2025
  • August 4, 2025
  • May 5, 2025

Recent SEC filings

Data status

When each part of this page on Tyson Foods was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Tyson Foods in brief

What does Tyson Foods do?
Tyson Foods is a US-listed company in the packaged foods & meats industry. Its financial year ends in September.
What is Tyson Foods's stock ticker?
Tyson Foods trades under the ticker TSN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Tyson Foods's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Tyson Foods reported revenue of $55.7B, 2.9% higher than a year earlier, according to its SEC filings.
What is Tyson Foods's free cash flow?
Tyson Foods's free-cash-flow margin is 2.1% of revenue over the trailing twelve months, ranking 27 of the 43 packaged foods & meats companies we cover.
What is Tyson Foods's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Tyson Foods's free cash flow after stock-based pay gives ~$50 per share in the base case, and ~$32–$73 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Tyson Foods's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Pzena Investment Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Tyson Foods's market cap?
On November 2, 2026, Tyson Foods's market capitalisation was about $20.3B, with a price-to-earnings ratio of 35.3 and net debt of $7.3B. Market figures come from third-party market data and may be delayed.
Does Tyson Foods pay a dividend?
Yes: Tyson Foods paid $702M in dividends over the trailing twelve months, a dividend yield of 3.46% and a payout ratio of 122.3%.
How much debt does Tyson Foods have?
Tyson Foods's debt-to-equity ratio is 44.3%, from its latest balance sheet (45.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Tyson Foods's competitors?
In our Packaged Foods & Meats peer group, the companies closest to Tyson Foods are Mondelez International, Kraft Heinz, Pilgrims Pride Corp, General Mills and Smithfield Foods Inc. The side-by-side comparison below sets their revenue, margins and growth against Tyson Foods's.
Are insiders buying or selling Tyson Foods stock?
Over the last 12 months, Tyson Foods's directors and officers reported 1 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Tyson Foods's next earnings date?
Around November 16, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Tyson Foods announces its own schedule.