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Tyson Foods key statistics and ratios

In fiscal 2025, Tyson Foods had return on equity of 2.6%, an operating margin of 2.0%, debt equal to 48.8% of equity and a current ratio of 1.55. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2009Oct 20092010Oct 20102011Oct 20112012Sept 20122013Sept 20132014Sept 20142015Oct 20152016Oct 20162017Sept 20172018Sept 20182019Sept 20192020Oct 20202021Oct 20212022Oct 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Gross margin4.5%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%
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 margin2.2%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%
Return on equity−12.4%16.3%13.9%10.0%12.7%11.5%13.1%18.3%17.6%25.4%14.8%14.1%18.5%17.3%−3.4%4.4%2.6%3.2%
Return on assets−5.2%7.3%6.9%5.1%6.5%4.8%5.2%7.8%7.0%10.4%6.4%6.1%8.6%8.9%−1.8%2.2%1.3%1.6%
Asset turnover2.522.662.942.882.862.081.771.631.521.401.371.281.331.461.451.451.481.54
Current ratio2.201.812.011.911.861.641.521.771.551.131.271.791.551.811.342.041.551.43
Debt to equity79.1%49.1%38.6%40.5%38.8%92.0%69.0%65.4%96.8%77.1%85.5%74.3%52.7%42.2%52.4%53.2%48.8%44.3%
Interest cover (operating income ÷ interest)—————————————12.1xn/m2.9x2.4x3.1x
Effective tax rate—36.4%31.5%36.4%32.5%31.6%36.3%31.8%32.3%−10.9%16.0%22.3%24.3%21.7%—24.7%34.1%27.1%
R&D as % of revenue0.1%0.1%0.1%0.1%0.1%0.1%0.2%0.3%0.3%0.3%0.2%0.2%0.2%0.2%0.2%0.2%0.2%—
SG&A as % of revenue3.1%3.3%2.8%2.7%2.9%3.3%4.2%5.1%5.6%5.3%5.3%5.5%4.5%4.2%4.2%4.2%3.9%3.9%
Capital spending as % of revenue1.4%1.9%2.0%2.1%1.6%1.7%2.1%1.9%2.8%3.0%3.0%2.8%2.6%3.5%3.7%2.1%1.8%1.5%
Free cash flow ÷ net income—113.1%53.7%85.2%97.2%63.2%140.7%114.3%86.2%59.4%63.3%129.8%86.3%24.7%—182.3%248.3%202.3%
Dividends ÷ net income—7.6%7.9%9.8%13.4%12.0%12.0%12.2%18.0%14.5%27.1%29.2%20.9%20.2%—85.5%147.0%122.3%
Dividends and buybacks ÷ free cash flow13.3%12.1%66.0%64.6%95.0%73.1%37.4%106.9%77.1%48.7%62.9%30.2%24.2%81.6%—46.9%59.2%60.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

Compare with peers

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More: Packaged Foods & Meats stocks compared, Consumer Staples sector, rankings of US companies

Figures from Tyson Foods's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Tyson Foods.