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Smithfield Foods, Inc. (SFD) Financials

SFD
Trailing 12 months to June 28, 2026
Revenue $15.5B +4.3% YoY
Net Income $1.1B +16.6% YoY
EPS (Diluted) $2.68 +13.6% YoY
Free Cash Flow $807.0M +15.5% YoY
Market Cap $7.3B as of Oct 10, 2026
Price / Sales 0.5x on $15.5B revenue, trailing 12 months to June 28, 2026
Price / Earnings 6.9x on $1.1B net income, trailing 12 months to June 28, 2026
Price / Book 1.0x on $7.0B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 28, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SFD SEC filings page.

Smithfield Foods, Inc. (SFD) reported $15.5B in revenue over the twelve months to Jun 28, 2026, up 4.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).

Rhea AI SFD FY2025

Recent growth is converting into more cash, with stable gross margins, improving operating efficiency, and little additional capital spending.

Operating cash flow grew 15.6% from FY2024 to FY2025 while net income grew 3.6%, indicating improved cash conversion rather than merely larger reported earnings. Free cash flow increased 26.9% as capital expenditures declined 2.6%, showing that the extra cash was not purchased through heavier reinvestment.

The margin shape is more informative than top-line growth: gross margin was roughly flat across FY2024 and FY2025, while operating margin reached 8.3%. That combination points to gains below production costs—such as operating efficiency or mix—rather than a broad improvement in the economics of the product itself.

Liquidity strengthened alongside lower leverage: the current ratio reached 3.0x while debt-to-equity fell to 0.3x, giving the business more balance-sheet room without a major debt reduction. Yet receivables nearly doubled while inventory fell, so the cash improvement was not simply an inventory release; working-capital timing remains part of the story.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 57 / 100
Financial Health Score 57/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Smithfield Foods, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
53

Smithfield Foods, Inc. has an operating margin of 8.3%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 53/100, indicating healthy but not exceptional operating efficiency. This is up from 7.9% the prior year.

Growth
41

Smithfield Foods, Inc.'s revenue grew 9.8% year-over-year to $15.5B, a solid pace of expansion. This earns a growth score of 41/100.

Leverage
70

Smithfield Foods, Inc. carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 70/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
78

With a current ratio of 2.97, Smithfield Foods, Inc. holds $2.97 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 78/100.

Cash Flow
40

Smithfield Foods, Inc. has a free cash flow margin of 4.6%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
58

Smithfield Foods, Inc.'s ROE of 14.5% shows moderate profitability relative to equity, earning a score of 58/100. This is down from 16.3% the prior year.

Altman Z-Score Safe
3.22

Smithfield Foods, Inc. scores 3.22, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral
6/9

Smithfield Foods, Inc. passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.07x

For every $1 of reported earnings, Smithfield Foods, Inc. generates $1.07 in operating cash flow ($1.1B OCF vs $987.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
31.51x

Smithfield Foods, Inc. earns $31.51 in operating income for every $1 of interest expense ($1.3B vs $41.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$3.7B
YoY-2.3%
QoQ-2.6%

Smithfield Foods, Inc. generated $3.7B in revenue in Q2 2026. This represents a decrease of 2.3% from the same quarter a year earlier. Against the prior quarter it is down 2.6%.

EBITDA
$375.0M
YoY+9.6%
QoQ-9.9%

Smithfield Foods, Inc.'s EBITDA was $375.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.6% from the same quarter a year earlier. Against the prior quarter it is down 9.9%.

Net Income
$238.0M
YoY+26.6%
QoQ-3.3%

Smithfield Foods, Inc. reported $238.0M in net income in Q2 2026. This represents an increase of 26.6% from the same quarter a year earlier. Against the prior quarter it is down 3.3%.

EPS (Diluted)
$0.60
YoY+25.0%
QoQ-3.2%

Smithfield Foods, Inc. earned $0.60 per diluted share (EPS) in Q2 2026. This represents an increase of 25.0% from the same quarter a year earlier. Against the prior quarter it is down 3.2%.

Cash & Balance Sheet

Free Cash Flow
$192.0M
YoY-2.0%
QoQ+225.5%

Smithfield Foods, Inc. generated $192.0M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 2.0% from the same quarter a year earlier. Against the prior quarter it is up 225.5%.

Cash & Debt
$1.4B
YoY+45.5%
QoQ-2.6%
5Y CAGR+65.3%

Smithfield Foods, Inc. held $1.4B in cash against $1.4B in long-term debt as of Q2 2026.

Dividends Per Share
$0.31
YoY+25.0%
QoQ0.0%

Smithfield Foods, Inc. paid $0.31 per share in dividends in Q2 2026. This represents an increase of 25.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
394M
YoY+0.2%
QoQ+0.1%

Smithfield Foods, Inc. had 394M shares outstanding in Q2 2026. This represents an increase of 0.2% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Gross Margin
12.9%
YoY-0.3pp
QoQ-0.5pp

Smithfield Foods, Inc.'s gross margin was 12.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.5 percentage points.

Operating Margin
7.8%
YoY+1.0pp
QoQ-0.9pp

Smithfield Foods, Inc.'s operating margin was 7.8% in Q2 2026, reflecting core business profitability. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.9 percentage points.

Net Margin
6.4%
YoY+1.5pp
QoQ0.0pp

Smithfield Foods, Inc.'s net profit margin was 6.4% in Q2 2026, showing the share of revenue converted to profit. This is up 1.5 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.

Return on Equity
3.4%
YoY+0.4pp
QoQ-0.2pp

Smithfield Foods, Inc.'s ROE was 3.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.

Capital Allocation

Capital Expenditures
$77.0M
YoY-1.3%
QoQ-12.5%

Smithfield Foods, Inc. invested $77.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 1.3% from the same quarter a year earlier. Against the prior quarter it is down 12.5%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

SFD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SFD quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$3.7B-2.3%$3.8B+0.8%$4.2B+7.0%$3.7B+12.4%$3.8B+11.0%$3.8B+9.5%$4.0B$3.3B
Cost of Revenue$3.2B-2.0%$3.3B+0.8%$3.6B+6.1%$3.3B+14.3%$3.3B+14.0%$3.3B+5.8%$3.4B$2.9B
Gross Profit$478.0M-4.2%$511.0M+0.2%$601.0M+13.0%$479.0M+0.6%$499.0M-5.3%$510.0M+40.9%$532.0M$476.0M
SG&A Expenses$191.0M-28.7%$180.0M-8.6%$206.0M-16.6%$178.0M-11.0%$268.0M+38.1%$197.0M-1.0%$247.0M$200.0M
Operating Income$290.0M+11.5%$333.0M+3.7%$401.0M+19.3%$310.0M+8.8%$260.0M-22.2%$321.0M+96.9%$336.0M$285.0M
EBITDA$375.0M+9.6%$416.0M+3.0%$486.0M+15.2%$392.0M+5.1%$342.0M-18.0%$404.0M+64.9%$422.0M$373.0M
Interest Expense$8.0M-27.3%$8.0M-27.3%$8.0M-42.9%$11.0M-35.3%$11.0M-42.1%$11.0M-31.3%$14.0M$17.0M
Income Tax$64.0M+3.2%$72.0M0.0%$78.0M-25.7%$71.0M+2.9%$62.0M+6.9%$72.0M+84.6%$105.0M$69.0M
Net Income$238.0M+26.6%$246.0M+9.8%$327.0M+59.5%$248.0M-14.8%$188.0M-37.5%$224.0M+43.6%$205.0M$291.0M
EPS (Basic)$0.61+27.1%$0.63+10.5%$0.84+55.6%$0.63-18.2%$0.48-39.2%$0.57+39.0%$0.54$0.77
EPS (Diluted)$0.60+25.0%$0.62+8.8%$0.83+53.7%$0.63-18.2%$0.48-39.2%$0.57+39.0%$0.54$0.77
Diluted Shares (Avg)396M+0.5%395M+1.4%N/A395M+3.8%394M+3.6%389M+2.4%N/A380M

Not reported in any period shown, so not listed: R&D Expenses.

SFD Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SFD quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$12.0B+7.4%$12.0B+7.7%$12.2B+10.2%$11.5B$11.2B$11.1B$11.1B-17.0%N/A
Current Assets$5.0B+16.6%$5.0B+16.1%$5.2B+22.9%$4.6B$4.3B$4.3B$4.2B-14.6%N/A
Cash & Equivalents$1.4B+45.5%$1.4B+49.4%$1.5B+63.2%$773.0M+178.1%$928.0M+331.6%$928.0M+354.9%$943.0M+37.3%$278.0M
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$2.4B+4.0%$2.3B-1.6%$2.3B-3.5%$2.5B$2.3B$2.4B$2.4B-4.9%N/A
Accounts Receivable$1.0B+30.7%$1.1B+40.4%$1.0B+83.3%$1.0B$773.0M$759.0M$558.0M-3.3%N/A
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$1.6B+0.4%$1.6B+0.6%$1.6B+0.6%$1.6B$1.6B$1.6B$1.6B-0.9%N/A
Total Liabilities$5.0B+2.6%$5.1B+4.4%$5.4B+3.0%$5.1B$4.9B$4.9B$5.2B-14.1%N/A
Current Liabilities$2.0B+45.9%$2.1B+49.7%$1.7B+2.1%$1.5B$1.3B$1.4B$1.7B-30.4%N/A
Non-Current Liabilities$3.1B-13.8%$3.1B-13.5%$3.6B+3.4%$3.6B$3.5B$3.5B$3.5B-3.1%N/A
Long-Term Debt$1.4B-29.9%$1.4B-29.9%$2.0B+0.9%$2.0B$2.0B$2.0B$2.0B-0.2%N/A
Total Equity$7.0B+11.2%$6.9B+10.3%$6.8B+16.6%$6.5B$6.3B$6.2B$5.8B-19.4%N/A
Retained Earnings$4.0B+18.1%$3.9B+17.8%$3.8B+18.6%$3.5B$3.4B$3.3B$3.2B-11.3%N/A

SFD Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SFD quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$269.0M-1.8%-$65.0M+60.8%$938.0M+37.3%$13.0M-94.6%$274.0M+30.5%-$166.0M+24.2%$683.0M$242.0M
Depreciation & Amortization$85.0M+3.7%$83.0M0.0%$84.0M-2.3%$82.0M-6.8%$82.0M-1.2%$83.0M+1.2%$86.0M$88.0M
Capital Expenditures$77.0M-1.3%$88.0M+11.4%$95.0M+15.9%$88.0M-7.4%$78.0M-2.5%$79.0M-14.1%$82.0M$95.0M
Free Cash Flow$192.0M-2.0%-$153.0M+37.6%$843.0M+40.3%-$75.0M-151.0%$196.0M+50.8%-$245.0M+21.2%$601.0M$147.0M
Investing Cash Flow-$70.0M+18.6%-$80.0M+5.9%N/AN/A-$86.0M-$85.0MN/AN/A
Financing Cash Flow-$241.0M-21.7%-$5.0M-102.1%N/AN/A-$198.0M$236.0MN/AN/A
Dividends PaidN/AN/A$99.0M+450.0%$100.0M+13.6%$197.0M+109.6%$0-100.0%$18.0M$88.0M

Not reported in any period shown, so not listed: Stock-Based Compensation, Share Buybacks.

SFD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SFD quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin12.9%-0.3pp13.5%-0.1pp14.2%+0.8pp12.8%-1.5pp13.2%-2.3pp13.5%+3.0pp13.5%14.3%
Operating Margin7.8%+1.0pp8.8%+0.3pp9.5%+1.0pp8.3%-0.3pp6.9%-2.9pp8.5%+3.8pp8.5%8.6%
Net Margin6.4%+1.5pp6.5%+0.5pp7.7%+2.5pp6.6%-2.1pp5.0%-3.9pp5.9%+1.4pp5.2%8.7%
Return on Equity3.4%+0.4pp3.6%0.0pp4.8%+1.3pp3.8%3.0%3.6%3.5%N/A
Return on Assets2.0%+0.3pp2.1%0.0pp2.7%+0.8pp2.1%1.7%2.0%1.8%N/A
Current Ratio2.56-0.6x2.41-0.7x2.97+0.5x3.103.213.112.46+0.5xN/A
Debt-to-Equity0.20-0.1x0.20-0.1x0.290.0x0.310.320.320.34+0.1xN/A
Asset Turnover0.310.0x0.320.0x0.350.0x0.330.340.340.36N/A
FCF Margin5.2%0.0pp-4.0%+2.5pp19.9%+4.7pp-2.0%-6.4pp5.2%+1.4pp-6.5%+2.5pp15.2%4.4%

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Smithfield Foods, Inc. SFD FY2025 $15.5B $987.0M 6.4% $7.3B 57/100
Conagra Brands, Inc. CAG FY2026 $11.3B -$1.9B -17.0% $6.4B 33/100
Lamb Weston Holdings, Inc. LW FY2026 $6.6B $290.0M 4.4% $6.6B 46/100
Ingredion Incorporated INGR FY2025 $7.2B $729.0M 10.1% $6.0B 60/100
POST HOLDINGS, INC. POST FY2025 $8.2B $335.7M 4.1% $3.4B 51/100

Frequently Asked Questions

What is Smithfield Foods, Inc.'s annual revenue?

Smithfield Foods, Inc. (SFD) reported $15.5B in total revenue for fiscal year 2025. This represents a 9.8% 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 grew by 9.8% year-over-year, from $14.1B to $15.5B in fiscal year 2025.

Is Smithfield Foods, Inc. profitable?

Yes, Smithfield Foods, Inc. (SFD) reported a net income of $987.0M in fiscal year 2025, with a net profit margin of 6.4%.

Smithfield Foods, Inc. (SFD) reported diluted earnings per share of $2.51 for fiscal year 2025. That is unchanged from 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.

Smithfield Foods, Inc. (SFD) had EBITDA of $1.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Smithfield Foods, Inc. (SFD) had $1.5B in cash and equivalents against $2.0B in long-term debt.

Smithfield Foods, Inc. (SFD) had a gross margin of 13.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Smithfield Foods, Inc. (SFD) had an operating margin of 8.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Smithfield Foods, Inc. (SFD) had a net profit margin of 6.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Smithfield Foods, Inc. (SFD) paid $1.00 per share in dividends during fiscal year 2025.

Smithfield Foods, Inc. (SFD) has a return on equity of 14.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Smithfield Foods, Inc. (SFD) generated $718.0M in free cash flow during fiscal year 2025. This represents a 26.9% 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.

Smithfield Foods, Inc. (SFD) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Smithfield Foods, Inc. (SFD) had $12.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Smithfield Foods, Inc. (SFD) invested $341.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Smithfield Foods, Inc. (SFD) invested $214.0M in research and development during fiscal year 2025.

Smithfield Foods, Inc. (SFD) had 393M shares outstanding as of fiscal year 2025.

Smithfield Foods, Inc. (SFD) had a current ratio of 2.97 as of fiscal year 2025, which is generally considered healthy.

Smithfield Foods, Inc. (SFD) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Smithfield Foods, Inc. (SFD) had a return on assets of 8.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Smithfield Foods, Inc. (SFD) trades at 6.9x earnings, its market capitalization divided by net income of $1.1B net income, trailing 12 months to June 28, 2026. The market capitalization is $7.3B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Smithfield Foods, Inc. (SFD) trades at 0.5x sales, its market capitalization divided by revenue of $15.5B revenue, trailing 12 months to June 28, 2026. The market capitalization is $7.3B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Smithfield Foods, Inc. (SFD) has an Altman Z-Score of 3.22, 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.

Smithfield Foods, Inc. (SFD) has a Piotroski F-Score of 6 out of 9, indicating neutral 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Smithfield Foods, Inc. (SFD) has an earnings quality ratio of 1.07x, considered cash-backed (high 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.

Smithfield Foods, Inc. (SFD) has an interest coverage ratio of 31.51x, 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.

Smithfield Foods, Inc. (SFD) scores 57 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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