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Smithfield Foods Inc. (SFD)

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Smithfield Foods Inc. (SFD) reported revenue of $3.4 billion for Q3 FY2026, the quarter ended 27 September 2026, down 8.3% on the same quarter a year earlier. Net income was $89 million, down 64.1% on the year, and diluted earnings per share $0.23. The figures are the company's own, from the 10-Q it filed with the SEC on 27 October 2026.

Revenue$3.4 billiondown 8.3%
Net income$89 milliondown 64.1%
Diluted EPS$0.23
QuarterQ3 FY2026ended 27 September 2026

Smithfield Foods (SFD) in brief

Smithfield Foods (SFD) reported revenue of $15.5 billion for fiscal 2025, the year ended 28 December 2025, up 9.8% on the year before.
Read moreNet income was $987 million and diluted earnings per share $2.51. Revenue was $14.1 billion in fiscal 2024, $14.6 billion in fiscal 2023, $16.2 billion in fiscal 2022 and $14.4 billion in fiscal 2015. Net income in the same years was $953 million, $17 million, $870 million and $452 million. Over the twelve months to 27 September 2026, Smithfield Foods reported revenue of $15.2 billion and net income of $900 million. Smithfield Foods declared $1.19 a share in dividends over the last four quarters and had 394 million shares outstanding at the latest filed count. At 27 September 2026 it carried $2.0 billion of debt and $1.2 billion of cash. At the close of 27 October 2026 the market cap of Smithfield Foods was $7.2 billion, 8.0 times its earnings over the last twelve months.

Ratios

From the filings

ROE12.8%
ROCE12.8%
Operating margin7.6%
Net margin5.9%
FCF marginn/a
Interest cover38.37
Debt to equity0.29
Cash conversionn/a
Share count, last 12 months0.2%
Sales CAGR, 3 years-1.4%
Profit CAGR, 3 years4.3%
EPS, TTM$2.28

At the close of 27 October 2026

Price$18.34
Market cap$7.2 billion
Stock P/E8.05
Price to book1.03
EV / EBITDA5.40
Dividend yield6.5%
Market cap / sales0.48
52-week high$29.59
52-week low$18.23
Price, 1 year-14.9%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Smithfield Foods Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
SFDgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on SFD

Dividends$1.1875 a share over the four quarters to 27 September 2026, a 6.47% yield
Filings17 in twelve months: 9 current reports (8-K), about 5 results of operations; 2 material agreement; 2 regulation FD disclosure; 1 new financial obligation; 1 shareholder vote
Planned insider sales3 Form 144 notices in twelve months, $4.4 million; latest 12 June 2026
Options tapeput/call 0.82 by open interest at the 27 October 2026 close; the straddle prices a 7.5% move to 20 November 2026
13F holders283 funds reported a position for the quarter to 30 June 2026; largest LSV Asset Management
Insider trading3 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest5.9 million shares short, 3.06 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2014Q4 FY2014Q1 FY2015Q2 FY2015Q3 FY2015Q4 FY2015Q1 FY2016Q2 FY2016Q3 FY2016Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue3,7024,0933,6163,4873,4063,9293,3063,4933,5393,4443,4123,3343,9523,7713,7863,7474,2273,8003,7003,437
Cost of revenue3,248n/a3,2103,0683,021n/a2,8943,0363,0663,0832,8852,8593,4173,2623,2883,2683,6243,2893,2213,124
Gross profit454456406418385546412457472362527476532510499479601511478313
Gross margin12%11%11%12%11%14%12%13%13%11%15%14%13%14%13%13%14%13%13%9%
SG&A218n/a222233238n/a208228234199194200247197268178206180191193
Operating income250225188186154266210237246163334285336321260310401333290127
Operating margin7%5%5%5%5%7%6%7%7%5%10%9%9%9%7%8%9%9%8%4%
Interest expense39.3n/a34.731.532.3n/a32.032.832.016.019.017.014.011.011.011.08.08.08.06.0
Pre-tax incomen/an/an/an/an/an/an/an/an/a152317276316304254318394323299120
Tax raten/an/an/an/an/an/an/an/an/a26%18%25%33%24%24%22%20%22%21%25%
Net income15515397.010483.316812113814415630129120522418824832724623889.0
Net margin4%4%3%3%2%4%4%4%4%5%9%9%5%6%5%7%8%6%6%3%
Diluted EPSn/an/an/an/an/an/an/an/an/a$0.41$0.79$0.77$0.54$0.57$0.48$0.63$0.83$0.62$0.60$0.23
Operating cash flow78.3n/a-4.564.228.0n/a-319209317n/an/an/an/a-16627413.0n/a-65.0269161
Capital expenditure89.311467.777.695.0n/a76.883.211492.080.095.083.079.078.088.096.088.077.0116
Free cash flow-11.0n/a-72.2-13.4-67.0n/a-396126204n/an/an/an/a-245196-75.0n/a-15319245.0
Dividends paid0.0n/a0.030.00.0n/a73.626239.888.094.088.018.00.019710099.0n/an/a138
Shares outstanding1,0001,0001,0001,0001,0001,0001,0001,0001,000393m393m393m380m393m393m393m393m393m394m394m
Filing10-K10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 7 fiscal years and the trailing twelve months

FY2013FY2014 †FY2015FY2022FY2023FY2024FY2025TTM
Revenue13,89615,03114,43816,19914,64014,14215,53115,164
Cost of revenuen/an/an/a14,70413,75112,24413,44213,258
Gross profit1,2051,7761,7551,4958891,8972,0891,903
Gross margin8.7%11.8%12.2%9.2%6.1%13.4%13.5%12.5%
Research and developmentn/an/an/a157175144214n/a
Selling, general and administrativen/an/an/a8071,050840849770
Operating income3389327941,117-56.01,1181,2921,151
Operating margin2.4%6.2%5.5%6.9%-0.4%7.9%8.3%7.6%
Interest expensen/an/an/a87.076.066.041.030.0
Pre-tax incomen/an/an/a1,047-1291,0611,2701,136
Income taxn/an/an/a231-41.0271283244
Effective tax raten/an/an/a22.1%n/a25.5%22.3%21.5%
Net income12155645287017.0953987900
Net margin0.9%3.7%3.1%5.4%0.1%6.7%6.4%5.9%
Diluted EPSn/an/an/a$2.29$0.05$2.51$2.51$2.28
Filing10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Packaged Meats8,2808,3198,75656.4%
Fresh Pork5,1384,8835,01732.3%
Hog Production6714691,2297.9%
Other5524705283.4%
Packaged MeatsFresh PorkHog ProductionOther
14.6FY202314.1FY202415.5FY2025

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2023 to FY2025

The operating profit each segment reports. Costs Smithfield Foods does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2023FY2024FY2025Margin
FY2025
Packaged Meats1,0661,1681,09412.5%
Fresh Pork1172662144.3%
Hog Production-756-14417614.3%
Other-435458.5%
Packaged MeatsFresh PorkHog ProductionOther
423FY20231,325FY20241,529FY2025

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Packaged Meats56%72%
Fresh Pork32%14%
Hog Production8%12%
Other3%3%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by product or service FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Retail7,2727,2957,53754.8%
Foodservice2,6672,6792,95721.5%
Exports1,8571,7691,75312.7%
Industrial1,5911,4381,50410.9%
Other / Unallocated1,2549601,780n/a
RetailFoodserviceExportsIndustrial
13.4FY202313.2FY202413.8FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Other / Unallocated is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Cash flow and capital returned

FY2013FY2014 †FY2015FY2022FY2023FY2024FY2025TTM
Operating cash flown/an/an/a5171,0341,1371,059n/a
Capital expendituren/a301n/a338353350341377
Free cash flown/an/an/a179681787718n/a
Free cash flow marginn/an/an/a1.1%4.7%5.6%4.6%n/a
Depreciation and amortisationn/an/an/a440427339332339
Share-based compensationn/an/an/an/a0.00.09.0n/a
Dividends paidn/an/an/a496323288396n/a
Dividend per sharen/an/an/an/an/an/a$1.00n/a
Diluted shares, weightedn/an/an/a380m380m380m393m395m
Shares outstanding at period end1,0001,0001,000n/a380m380m393m394m
Filing10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2013FY2014 †FY2015FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity4,2314,5404,8207,3747,2415,8346,8017,015
Non-controlling interest0.70.90.5n/a0.00.0n/an/a
Redeemable equity48.649.853.9197246225264272
Debt3,0462,7272,288n/a1,9911,9831,9862,004
Operating lease liabilitiesn/an/an/an/a325286322312
Other liabilities2,6282,8312,731n/a3,5142,7262,8042,549
Total liabilities and equity9,95510,1489,894n/a13,31711,05412,17712,152
Owned
Fixed assets2,7462,7532,867n/an/a3,1763,2263,226
Goodwill1,6221,6261,6201,6171,6271,6131,6231,624
Intangible assets1,4061,3811,366n/a1,2741,2661,2601,256
Securities held for sale or to maturityn/an/an/an/an/an/a414503
Cash and equivalents1934347055476879431,5391,178
Receivables811864760n/a5775581,0231,011
Inventory2,2752,2072,100n/a2,5362,4122,3282,543
Other assets902883477n/a6,6161,086764811
Total assets9,95510,1489,894n/a13,31711,05412,17712,152
Filing10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded0.7%n/a-1.4%-0.6%
Profit growth, compounded8.1%n/a4.3%4.0%
Return on equity, averagen/a10.7%10.4%14.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Smithfield Foods' revenue in fiscal 2025?

Smithfield Foods (SFD) reported revenue of $15.5 billion for fiscal 2025, the year ended 28 December 2025, up 9.8% on the year before.

How much did Smithfield Foods earn in fiscal 2025?

Net income was $987 million for fiscal 2025, and diluted earnings per share $2.51.

What is Smithfield Foods' P/E ratio?

At the close of 27 October 2026, Smithfield Foods traded at 8.0 times its earnings over the twelve months to 27 September 2026.

What is Smithfield Foods' market cap?

The market cap of Smithfield Foods was $7.2 billion at the close of 27 October 2026.

Does Smithfield Foods pay a dividend?

Yes. Smithfield Foods declared $1.19 a share in dividends over the four quarters to 27 September 2026.

Peers: Food Products

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
J.M. Smucker Co. SJM$13.6 billion59.544.0%9.0%5.1%1.173.5%
McCormick & Co. Inc. MKC$12.8 billion8.5921.3%13.4%13.2%0.724.0%
Hormel Foods Corp. HRL$11.5 billion33.134.4%4.7%0.7%0.365.6%
Darling Ingredients Inc. DAR$8.8 billion15.0111.4%14.5%14.9%0.75n/a
Lamb Weston Holdings, Inc. LW$7.4 billion29.3814.1%7.8%2.6%2.172.8%
Smithfield Foods Inc. SFD$7.2 billion8.0512.8%7.6%-0.6%0.296.5%
Conagra Brands Inc. CAG$6.8 billionn/a-29.8%-15.2%-1.8%1.218.6%
Pilgrims Pride Corp. PPC$6.5 billion11.7914.6%5.0%1.4%0.76n/a
Campbell's Co. CPB$6.2 billion15.7810.5%8.7%-5.0%1.857.5%
Ingredion Inc. INGR$6.0 billion10.3413.1%11.9%-1.4%0.393.5%
Beyond Meat, Inc. BYND$3.6 billionn/a509.4%-121.5%-14.1%5.77n/a
Post Holdings, Inc. POST$3.5 billion14.599.5%9.6%6.2%2.483.7%
All 26 in Food Products
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Mondelez International, Inc. MDLZ$79.6 billion22.9213.2%11.2%6.9%0.813.2%
Archer-Daniels-Midland Co. ADM$37.7 billion21.437.5%n/a-0.8%0.342.6%
Hershey Co. HSY$33.4 billion22.4732.6%17.8%7.7%1.23n/a
Kraft Heinz Co. KHC$28.6 billionn/a-9.4%-12.8%-1.6%0.536.6%
Tyson Foods, Inc. TSN$19.8 billion34.413.2%2.3%2.9%0.44n/a
Bunge Global SA BG$19.5 billion19.686.3%n/a80.5%0.957.0%
General Mills Inc. GIS$17.9 billionn/a-12.0%-1.1%-4.5%1.837.3%
J.M. Smucker Co. SJM$13.6 billion59.544.0%9.0%5.1%1.173.5%
McCormick & Co. Inc. MKC$12.8 billion8.5921.3%13.4%13.2%0.724.0%
Hormel Foods Corp. HRL$11.5 billion33.134.4%4.7%0.7%0.365.6%
Darling Ingredients Inc. DAR$8.8 billion15.0111.4%14.5%14.9%0.75n/a
Lamb Weston Holdings, Inc. LW$7.4 billion29.3814.1%7.8%2.6%2.172.8%
Smithfield Foods Inc. SFD$7.2 billion8.0512.8%7.6%-0.6%0.296.5%
Conagra Brands Inc. CAG$6.8 billionn/a-29.8%-15.2%-1.8%1.218.6%
Pilgrims Pride Corp. PPC$6.5 billion11.7914.6%5.0%1.4%0.76n/a
Campbell's Co. CPB$6.2 billion15.7810.5%8.7%-5.0%1.857.5%
Ingredion Inc. INGR$6.0 billion10.3413.1%11.9%-1.4%0.393.5%
Beyond Meat, Inc. BYND$3.6 billionn/a509.4%-121.5%-14.1%5.77n/a
Post Holdings, Inc. POST$3.5 billion14.599.5%9.6%6.2%2.483.7%
Freshpet, Inc. FRPT$3.1 billion16.9416.4%8.1%12.8%0.32n/a
Marzetti Co. MZTI$2.9 billion15.4618.2%12.4%1.1%0.193.7%
Tootsie Roll Industries Inc. TR$2.6 billion26.3510.0%11.9%1.6%0.01n/a
J&J Snack Foods Corp. JJSF$1.5 billionn/an/an/an/a0.033.8%
Flowers Foods Inc. FLO$1.3 billion23.854.2%2.7%2.5%1.4615.8%
Simply Good Foods Co. SMPL$862 millionn/a-10.7%-13.2%-6.5%0.24n/a
John B. Sanfilippo & Son, Inc. JBSS$793 million12.7516.3%7.6%6.2%0.226.0%
1 company shares its SEC industry code (Meat Packing Plants); the rest are the names nearest in size in its wider industry, Food Products, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q27 September 202627 October 2026EDGAR
10-Q28 June 202611 August 2026EDGAR
10-Q29 March 202628 April 2026EDGAR
10-K28 December 202524 March 2026EDGAR
10-Q28 September 202528 October 2025EDGAR
10-Q29 June 202512 August 2025EDGAR
10-Q30 March 202529 April 2025EDGAR
10-K29 December 202425 March 2025EDGAR
10-Q2 October 201626 October 2016EDGAR
10-Q3 July 201616 August 2016EDGAR