Smithfield Foods (SFD) | Financial Analysis & Statements
Smithfield Foods Inc. Large-cap Consumer Defensive
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
4.2B
Gross Profit
602.0M
14.24%
Operating Income
441.0M
10.43%
Net Income
331.0M
7.83%
Balance Sheet Metrics
Total Assets
12.2B
Total Liabilities
5.1B
Shareholders Equity
7.1B
Debt to Equity
0.72
Cash Flow Metrics
Operating Cash Flow
1.2B
Free Cash Flow
843.0M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Smithfield Foods Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 15.5B | 14.1B | 14.6B | 16.2B | 15.0B |
| Cost of Goods Sold | 13.4B | 12.2B | 13.8B | 14.7B | 13.4B |
| Gross Profit | 2.1B | 1.9B | 889.0M | 1.5B | 1.6B |
| Gross Margin % | 13.5% | 13.4% | 6.1% | 9.2% | 10.5% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 849.0M | 840.0M | 1.0B | 807.0M | 1.1B |
| Other Operating Expenses | -52.0M | -8.0M | -11.0M | -6.0M | -11.0M |
| Total Operating Expenses | 797.0M | 832.0M | 1.0B | 801.0M | 1.1B |
| Operating Income | 1.3B | 1.1B | -150.0M | 694.0M | 488.0M |
| Operating Margin % | 8.3% | 7.5% | -1.0% | 4.3% | 3.3% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | 41.0M | 66.0M | 76.0M | 87.0M | 93.0M |
| Other Non-Operating Income | 18.0M | 61.0M | 98.0M | 440.0M | 62.0M |
| Pre-tax Income | 1.3B | 1.1B | -129.0M | 1.0B | 458.0M |
| Income Tax | 283.0M | 271.0M | -41.0M | 231.0M | 97.0M |
| Effective Tax Rate % | 22.3% | 25.5% | 0.0% | 22.1% | 21.2% |
| Net Income | 998.0M | 969.0M | 22.0M | 881.0M | 474.0M |
| Net Margin % | 6.4% | 6.9% | 0.2% | 5.4% | 3.2% |
| Key Metrics | |||||
| EBITDA | 1.6B | 1.4B | 280.0M | 1.1B | 849.0M |
| EPS (Basic) | $2.52 | $2.42 | $0.04 | $2.21 | $1.20 |
| EPS (Diluted) | $2.51 | $2.42 | $0.04 | $2.21 | $1.20 |
| Basic Shares Outstanding | 392037699 | 393112711 | 393112711 | 393112711 | 393112711 |
| Diluted Shares Outstanding | 392037699 | 393112711 | 393112711 | 393112711 | 393112711 |
Income Statement Trend
Join Our United States Telegram Channel
Get Instant Market Updates: 52-Week High/Low Alerts, Breakout Notifications & Expert Stock Analysis Delivered To Your Phone. Join Traders Making Informed Decisions Daily!
Smithfield Foods Balance Sheet From 2015 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2015 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 1.5B | 943.0M | 687.0M | 547.0M | 704.9M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 1.0B | 558.0M | 577.0M | 756.0M | 760.0M |
| Inventory | 2.3B | 2.4B | 2.5B | 2.9B | 2.1B |
| Other Current Assets | 276.0M | 289.0M | 163.0M | 337.0M | - |
| Total Current Assets | 5.2B | 4.2B | 4.9B | 5.5B | 3.7B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 557.0M | 516.0M | 613.0M | 686.0M | 263.9M |
| Goodwill | 4.5B | 4.5B | 4.5B | 4.5B | 4.6B |
| Intangible Assets | 1.3B | 1.3B | 1.3B | 1.3B | 1.4B |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 306.0M | 260.0M | 1.6B | 1.4B | 158.0M |
| Total Non-Current Assets | 7.0B | 6.9B | 8.4B | 8.3B | 6.2B |
| Total Assets | 12.2B | 11.1B | 13.3B | 13.8B | 9.9B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 856.0M | 777.0M | 789.0M | 1.0B | 686.1M |
| Short-term Debt | 74.0M | 73.0M | 132.0M | 81.0M | 30.3M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 336.0M | 226.0M | 807.0M | 807.0M | 10.1M |
| Total Current Liabilities | 1.7B | 1.7B | 2.4B | 2.6B | 1.5B |
| Non-Current Liabilities | |||||
| Long-term Debt | 2.3B | 2.3B | 2.3B | 2.4B | 2.3B |
| Deferred Tax Liabilities | 658.0M | 518.0M | 474.0M | 588.0M | 668.2M |
| Other Non-Current Liabilities | 184.0M | 207.0M | 234.0M | 197.0M | 116.8M |
| Total Non-Current Liabilities | 3.4B | 3.3B | 3.4B | 3.7B | 3.5B |
| Total Liabilities | 5.1B | 5.0B | 5.8B | 6.3B | 5.0B |
| Equity | |||||
| Common Stock | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 3.8B | 3.2B | 3.6B | 3.9B | 1.0B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 7.1B | 6.1B | 7.5B | 7.6B | 4.9B |
| Key Metrics | |||||
| Total Debt | 2.4B | 2.4B | 2.5B | 2.5B | 2.3B |
| Working Capital | 3.4B | 2.5B | 2.5B | 3.0B | 2.2B |
Balance Sheet Composition
Smithfield Foods Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 998.0M | 798.0M | -133.0M | 811.0M | 389.0M |
| Depreciation & Amortization | 332.0M | 339.0M | 427.0M | 440.0M | 331.0M |
| Stock-Based Compensation | 9.0M | - | - | - | - |
| Working Capital Changes | -270.0M | 64.0M | 413.0M | -261.0M | -53.0M |
| Operating Cash Flow | 1.2B | 1.3B | 578.0M | 991.0M | 699.0M |
| Investing Activities | |||||
| Capital Expenditures | 14.0M | 99.0M | 219.0M | 8.0M | 6.0M |
| Acquisitions | -12.0M | -13.0M | -14.0M | 584.0M | -1.0M |
| Investment Purchases | - | - | -27.0M | -22.0M | 0 |
| Investment Sales | - | 0 | 0 | 21.0M | - |
| Investing Cash Flow | 32.0M | 52.0M | 132.0M | 590.0M | 3.0M |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -396.0M | -288.0M | -323.0M | -496.0M | -192.0M |
| Debt Issuance | 0 | 14.0M | 226.0M | 785.0M | 923.0M |
| Debt Repayment | -3.0M | -46.0M | -237.0M | -801.0M | -1.2B |
| Financing Cash Flow | -164.0M | -321.0M | -353.0M | -567.0M | -434.0M |
| Free Cash Flow | 718.0M | 787.0M | 681.0M | 179.0M | 579.0M |
| Net Change in Cash | 1.0B | 1.0B | 357.0M | 1.0B | 268.0M |
Cash Flow Trend
Smithfield Foods Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
11.67
Forward P/E
11.19
Price to Book
1.69
Price to Sales
0.74
PEG Ratio
11.19
Profitability Ratios
Profit Margin
6.36%
Operating Margin
9.63%
Return on Equity
15.21%
Return on Assets
7.17%
Financial Health
Current Ratio
2.97
Debt to Equity
33.91
Per Share Data
EPS (TTM)
$2.51
Book Value per Share
$17.30
Revenue per Share
$39.62
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| SFD | 11.5B | 11.67 | 1.69 | 15.21% | 6.36% | 33.91 |
| Archer-Daniels-Midla | 33.4B | 31.04 | 1.46 | 4.72% | 1.34% | 42.38 |
| Bunge Limited | 24.5B | 25.51 | 1.53 | 5.96% | 1.16% | 91.01 |
| Tyson Foods | 22.5B | 116.48 | 1.27 | 1.26% | 0.36% | 46.04 |
| Cal-Maine Foods | 3.6B | 5.36 | 1.35 | 27.30% | 20.07% | 0.00 |
| Fresh Del Monte | 2.0B | 21.76 | 0.96 | 4.63% | 2.10% | 17.19 |
Financial data is updated regularly. All figures are in the company's reporting currency.






