Smithfield Foods Inc. Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Smithfield Foods Inc. has an operating margin of 7.9%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 40/100, indicating healthy but not exceptional operating efficiency. This is up from -0.4% the prior year.
Smithfield Foods Inc.'s revenue declined 3.4% year-over-year, from $14.6B to $14.1B. This contraction results in a growth score of 19/100.
Smithfield Foods Inc. carries a low D/E ratio of 0.34, meaning only $0.34 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.46, Smithfield Foods Inc. holds $2.46 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.
Smithfield Foods Inc.'s free cash flow margin of 4.0% results in a low score of 20/100. Capital expenditures of $350.0M absorb a large share of operating cash flow.
Smithfield Foods Inc. earns a strong 16.3% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 65/100. This is up from 0.2% the prior year.
Smithfield Foods Inc. scores 3.42, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Smithfield Foods Inc. passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Smithfield Foods Inc. generates $0.96 in operating cash flow ($916.0M OCF vs $953.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Smithfield Foods Inc. earns $16.9 in operating income for every $1 of interest expense ($1.1B vs $66.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Smithfield Foods Inc. (SFD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Smithfield Foods Inc. generated $14.1B in revenue in fiscal year 2024. This represents a decrease of 3.4% from the prior year.
Smithfield Foods Inc.'s EBITDA was $1.5B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 292.7% from the prior year.
Smithfield Foods Inc. generated $566.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 69.0% from the prior year.
Smithfield Foods Inc. reported $953.0M in net income in fiscal year 2024. This represents an increase of 5505.9% from the prior year.
Smithfield Foods Inc. earned $2.51 per diluted share (EPS) in fiscal year 2024. This represents an increase of 4920.0% from the prior year.
Smithfield Foods Inc. held $943.0M in cash against $2.0B in long-term debt as of fiscal year 2024.
Smithfield Foods Inc. had 380M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Smithfield Foods Inc.'s gross margin was 13.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 7.3 percentage points from the prior year.
Smithfield Foods Inc.'s operating margin was 7.9% in fiscal year 2024, reflecting core business profitability. This is up 8.3 percentage points from the prior year.
Smithfield Foods Inc.'s net profit margin was 6.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 6.6 percentage points from the prior year.
Smithfield Foods Inc.'s ROE was 16.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 16.1 percentage points from the prior year.
Smithfield Foods Inc. invested $144.0M in research and development in fiscal year 2024. This represents a decrease of 17.7% from the prior year.
Smithfield Foods Inc. invested $350.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 0.8% from the prior year.
SFD Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'16 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.7B-1.0% | $3.8B+0.4% | $3.8B-4.6% | $4.0B+15.8% | $3.4B-0.9% | $3.4B | N/A | $4.1B |
| Cost of Revenue | $3.3B-0.6% | $3.3B+0.8% | $3.3B-4.5% | $3.4B+18.4% | $2.9B-6.4% | $3.1B | N/A | $3.1B |
| Gross Profit | $479.0M-4.0% | $499.0M-2.2% | $510.0M-4.1% | $532.0M+0.9% | $527.0M+45.6% | $362.0M | N/A | $472.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $178.0M-33.6% | $268.0M+36.0% | $197.0M-20.2% | $247.0M+27.3% | $194.0M-2.5% | $199.0M | N/A | $233.8M |
| Operating Income | $310.0M+19.2% | $260.0M-19.0% | $321.0M-4.5% | $336.0M+0.6% | $334.0M+104.9% | $163.0M | N/A | $246.3M |
| Interest Expense | $11.0M0.0% | $11.0M0.0% | $11.0M-21.4% | $14.0M-26.3% | $19.0M+18.8% | $16.0M | N/A | $32.0M |
| Income Tax | $71.0M+14.5% | $62.0M-13.9% | $72.0M-31.4% | $105.0M+81.0% | $58.0M+48.7% | $39.0M | N/A | $70.5M |
| Net Income | $248.0M+31.9% | $188.0M-16.1% | $224.0M+9.3% | $205.0M-31.9% | $301.0M+92.9% | $156.0M | N/A | $143.8M |
| EPS (Diluted) | $0.63+31.3% | $0.48-15.8% | $0.57+5.6% | $0.54-31.6% | $0.79+92.7% | $0.41 | N/A | N/A |
SFD Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'16 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.5B+3.0% | $11.2B+0.4% | $11.1B+0.8% | $11.1B | N/A | N/A | $13.3B+35.7% | $9.8B |
| Current Assets | $4.6B+7.0% | $4.3B-1.0% | $4.3B+3.1% | $4.2B | N/A | N/A | $4.9B+38.0% | $3.6B |
| Cash & Equivalents | $773.0M-16.7% | $928.0M0.0% | $928.0M-1.6% | $943.0M+338.6% | $215.0M+5.4% | $204.0M-70.3% | $687.0M+147.5% | $277.6M |
| Inventory | $2.5B+7.9% | $2.3B-4.1% | $2.4B-1.1% | $2.4B | N/A | N/A | $2.5B+9.6% | $2.3B |
| Accounts Receivable | $1.0B+34.5% | $773.0M+1.8% | $759.0M+36.0% | $558.0M | N/A | N/A | $577.0M-32.3% | $851.7M |
| Goodwill | $1.6B+0.1% | $1.6B+0.4% | $1.6B0.0% | $1.6B | N/A | N/A | $1.6B+0.3% | $1.6B |
| Total Liabilities | $5.1B+3.5% | $4.9B-0.7% | $4.9B-5.7% | $5.2B | N/A | N/A | $6.1B+24.9% | $4.9B |
| Current Liabilities | $1.5B+10.5% | $1.3B-3.9% | $1.4B-18.3% | $1.7B | N/A | N/A | $2.5B+15.1% | $2.1B |
| Long-Term Debt | $2.0B0.0% | $2.0B+0.1% | $2.0B+0.9% | $2.0B | N/A | N/A | $2.0B-13.7% | $2.3B |
| Total Equity | $6.5B+2.6% | $6.3B+1.2% | $6.2B+6.7% | $5.8B | N/A | N/A | $7.2B+46.2% | $5.0B |
| Retained Earnings | $3.5B+4.4% | $3.4B+2.7% | $3.3B+3.9% | $3.2B | N/A | N/A | $3.6B+245.1% | $1.0B |
SFD Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'16 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $13.0M-95.3% | $274.0M+265.1% | -$166.0M-124.3% | $683.0M+225.2% | $210.0M+195.9% | -$219.0M | N/A | $317.4M |
| Capital Expenditures | $88.0M+12.8% | $78.0M-1.3% | $79.0M-3.7% | $82.0M+2.5% | $80.0M-13.0% | $92.0M | N/A | $113.9M |
| Free Cash Flow | -$75.0M-138.3% | $196.0M+180.0% | -$245.0M-140.8% | $601.0M+362.3% | $130.0M+141.8% | -$311.0M | N/A | $203.5M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$123.1M |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$36.5M |
| Dividends Paid | $100.0M-49.2% | $197.0M | $0-100.0% | $18.0M-80.9% | $94.0M+6.8% | $88.0M | N/A | $39.8M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SFD Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'16 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.8%-0.4pp | 13.2%-0.3pp | 13.5%+0.1pp | 13.5%-2.0pp | 15.4%+4.9pp | 10.5% | N/A | 11.6% |
| Operating Margin | 8.3%+1.4pp | 6.9%-1.6pp | 8.5%0.0pp | 8.5%-1.3pp | 9.8%+5.1pp | 4.7% | N/A | 6.1% |
| Net Margin | 6.6%+1.6pp | 5.0%-1.0pp | 5.9%+0.8pp | 5.2%-3.6pp | 8.8%+4.3pp | 4.5% | N/A | 3.5% |
| Return on Equity | 3.8%+0.9pp | 3.0%-0.6pp | 3.6%+0.1pp | 3.5% | N/A | N/A | N/A | 2.9% |
| Return on Assets | 2.1%+0.5pp | 1.7%-0.3pp | 2.0%+0.2pp | 1.8% | N/A | N/A | N/A | 1.5% |
| Current Ratio | 3.10-0.1 | 3.21+0.1 | 3.11+0.6 | 2.46 | N/A | N/A | 2.01+0.3 | 1.67 |
| Debt-to-Equity | 0.310.0 | 0.320.0 | 0.32-0.0 | 0.34 | N/A | N/A | 0.27-0.2 | 0.46 |
| FCF Margin | -2.0%-7.2pp | 5.2%+11.7pp | -6.5%-21.7pp | 15.2%+11.4pp | 3.8%+12.8pp | -9.0% | N/A | 5.0% |
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Frequently Asked Questions
What is Smithfield Foods Inc.'s annual revenue?
Smithfield Foods Inc. (SFD) reported $14.1B in total revenue for fiscal year 2024. This represents a -3.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Smithfield Foods Inc.'s revenue growing?
Smithfield Foods Inc. (SFD) revenue declined by 3.4% year-over-year, from $14.6B to $14.1B in fiscal year 2024.
Is Smithfield Foods Inc. profitable?
Yes, Smithfield Foods Inc. (SFD) reported a net income of $953.0M in fiscal year 2024, with a net profit margin of 6.7%.
What is Smithfield Foods Inc.'s earnings per share (EPS)?
Smithfield Foods Inc. (SFD) reported diluted earnings per share of $2.51 for fiscal year 2024. This represents a 4920.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Smithfield Foods Inc.'s EBITDA?
Smithfield Foods Inc. (SFD) had EBITDA of $1.5B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Smithfield Foods Inc. have?
As of fiscal year 2024, Smithfield Foods Inc. (SFD) had $943.0M in cash and equivalents against $2.0B in long-term debt.
What is Smithfield Foods Inc.'s gross margin?
Smithfield Foods Inc. (SFD) had a gross margin of 13.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Smithfield Foods Inc.'s operating margin?
Smithfield Foods Inc. (SFD) had an operating margin of 7.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Smithfield Foods Inc.'s net profit margin?
Smithfield Foods Inc. (SFD) had a net profit margin of 6.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Smithfield Foods Inc.'s return on equity (ROE)?
Smithfield Foods Inc. (SFD) has a return on equity of 16.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Smithfield Foods Inc.'s free cash flow?
Smithfield Foods Inc. (SFD) generated $566.0M in free cash flow during fiscal year 2024. This represents a 69.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Smithfield Foods Inc.'s operating cash flow?
Smithfield Foods Inc. (SFD) generated $916.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Smithfield Foods Inc.'s total assets?
Smithfield Foods Inc. (SFD) had $11.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Smithfield Foods Inc.'s capital expenditures?
Smithfield Foods Inc. (SFD) invested $350.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Smithfield Foods Inc. spend on research and development?
Smithfield Foods Inc. (SFD) invested $144.0M in research and development during fiscal year 2024.
How many shares does Smithfield Foods Inc. have outstanding?
Smithfield Foods Inc. (SFD) had 380M shares outstanding as of fiscal year 2024.
What is Smithfield Foods Inc.'s current ratio?
Smithfield Foods Inc. (SFD) had a current ratio of 2.46 as of fiscal year 2024, which is generally considered healthy.
What is Smithfield Foods Inc.'s debt-to-equity ratio?
Smithfield Foods Inc. (SFD) had a debt-to-equity ratio of 0.34 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Smithfield Foods Inc.'s return on assets (ROA)?
Smithfield Foods Inc. (SFD) had a return on assets of 8.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Smithfield Foods Inc.'s Altman Z-Score?
Smithfield Foods Inc. (SFD) has an Altman Z-Score of 3.42, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Smithfield Foods Inc.'s Piotroski F-Score?
Smithfield Foods Inc. (SFD) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Smithfield Foods Inc.'s earnings high quality?
Smithfield Foods Inc. (SFD) has an earnings quality ratio of 0.96x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Smithfield Foods Inc. cover its interest payments?
Smithfield Foods Inc. (SFD) has an interest coverage ratio of 16.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Smithfield Foods Inc.?
Smithfield Foods Inc. (SFD) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.