TSN
Updated: 23/09/2026, 23:04:52
Tyson Foods, Inc. operates as a prominent global food producer, encompassing a broad range of activities across four core divisions: Beef, Pork, Chicken, and Prepared Foods. Within its Beef and Pork segments, the company manages the entire process from live cattle and hogs to their transformation into various meat products. This includes fabricating whole carcasses into primary and secondary cuts, providing case-ready options, and producing fully cooked meats. Its Chicken division is responsible for raising and processing poultry, delivering a spectrum of fresh, frozen, and value-added chicken items, and also supplying breeding stock. Additionally, Tyson markets specialty by-products such as animal hides. The Prepared Foods unit focuses on manufacturing and distributing a diverse portfolio of frozen and refrigerated convenience foods. This extensive lineup features items like ready-to-eat sandwiches, flame-grilled burgers, deli staples such as pepperoni, bacon, and lunchmeats, hot dogs, breakfast sausages, turkey products, tortilla items, appetizers, snacks, complete meals, ethnic dishes, side dishes, breadsticks, and other processed meats. These products are sold under popular brands including Jimmy Dean, Hillshire Farm, Ball Park, Wright, State Fair, Aidells, Gallo Salame, as well as its proprietary Tyson and ibp labels. Tyson distributes its extensive product range through various channels globally. Its sales force directly serves grocery retailers, wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processors, chain restaurants and their distributors, live markets, and international export firms. The company also leverages independent brokers and trading companies to reach domestic distributors who cater to a wide array of food service operations, such as institutional cafeterias (e.g., plant and school), convenience stores, hospitals, and other vendors. Founded in 1935, Tyson Foods maintains its corporate headquarters in Springdale, Arkansas.
No summaries found.
Reported and calculated KPIs plus operational exposure disclosed in the FY 2025 filing.
Revenue
$54.4B
FY 2025 · Reported
Net income
$0.5B
FY 2025 · Reported
Gross margin
6.5%
FY 2025 · Calculated
Free cash flow
$1.2B
FY 2025 · Calculated
R&D intensity
0.2%
FY 2025 · Calculated
Share repurchases
N/A
FY — · Reported
Other offerings mentioned without separate sales
Area-level product sales are displayed only when the filing reports a product × geography breakdown. Regional totals are not allocated across products by estimation.
Map layer
Pins show disclosed operations. The heatmap colors the filing’s reported geographies; regional figures shade the region and are not estimates for each country.
Only locations and quantities explicitly supported by the filing are displayed. A country-level manufacturing percentage or product allocation is shown only when the source discloses it; materiality scores are never presented as production shares.
Company description and brand portfolio
Tyson Foods is a protein leader founded in 1935; brands include Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, Aidells® and ibp®
“recognized leader in protein. Founded in 1935 by John W. Tyson, it has grown under four generations of family leadership”
Company overview
Protein-focused food company, ~133,000 employees, FY2025, HQ Springdale, AR
“Headquartered in Springdale, Arkansas, the Company had approximately 133,000 employees (“team members”) on September 27, 2025.”
Four reportable segments
Beef, Pork, Chicken, Prepared Foods; segment profit = operating income (loss)
“We operate in four reportable segments: Beef, Pork, Chicken and Prepared Foods. We measure segment profit as operating income (loss).”
Reportable segments referenced in goodwill disclosure
Goodwill disclosed by five reportable segments: Beef ($0 after full impairment), Pork ($423M), Chicken ($3,001M), Prepared Foods ($5,891M), International/Other ($154M); consolidated $9,469M at Sept 27, 2025
“BeefPorkChickenPrepared FoodsInternational/OtherConsolidated”
Customer channels
Grocery retail, foodservice, club stores, industrial, export channels
“Our products are marketed and sold primarily by our sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processing companies, chain restaurants or their distributors.”
Vertically-integrated chicken operations
Fully vertically-integrated chicken process incl. Cobb-Vantress breeding stock
“We operate a fully vertically-integrated chicken production process.”
Beef segment products
Fed cattle processing, primal/sub-primal cuts, case-ready, hides/variety meats
“Beef includes our operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products.”
Prepared Foods brands and products
Branded frozen/refrigerated products (Jimmy Dean, Hillshire Farm, etc.)
“This segment includes brands such as Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, as well as artisanal brands Aidells® and Gallo Salame®.”
International footprint ~140 countries
Sales in ~140 countries; exports <10% of business
“We sold products in approximately 140 countries and regions in fiscal 2025.”
Feed ingredient cost share of live chicken
Corn, soybean meal and other feed ingredients represented roughly 53% of the cost of growing a live chicken in fiscal 2025
“Corn, soybean meal and other feed ingredients, for instance, represented roughly 53% of our cost of growing a live chicken in fiscal 2025.”
Williams Sausage Company acquisition
Acquired Williams Sausage Company for $220 million net of cash acquired in Q3 FY2023; included in Prepared Foods segment; results insignificant through Sept 27, 2025; $107M goodwill ($50M tax-deductible), $65M intangibles (brands/trademarks 20-yr, customer relationships 12-yr lives)
“In the third quarter of fiscal 2023, we acquired Williams Sausage Company for $220 million, net of cash acquired, as part of our growth strategy to increase our capacity and product portfolio.”
Middle East poultry investments (SFPC and ADC)
Acquired 60% equity stake in Supreme Foods Processing Company (SFPC) and 15% in Agricultural Development Company (ADC), both subsidiaries of Tanmiah Food Company, for $75 million total in Q1 FY2023; SFPC reported in International/Other
“In the first quarter of fiscal 2023, we completed the acquisition of a 60% equity stake in Supreme Foods Processing Company ("SFPC"), a producer and distributor of value-added and cooked chicken and beef products, and a 15% equity stake in Agricultural Development Company ("ADC"), a fully integrated poultry company, for a total purchase price of $75 million, net of cash acquired.”
Sale of Vienna, Georgia Chicken facility
Sold Vienna, Georgia Chicken-segment facility for $174 million in Q4 FY2024, recording $16 million pretax gain in Cost of Sales; $158 million carrying value included $63 million non-deductible goodwill
“In the fourth quarter of fiscal 2024, we completed the sale of our Vienna, Georgia facility, which was included in our Chicken segment, for $174 million.”
Financial excellence and network optimization programs
Implementation risk around financial excellence programs and network optimization plan; benefits may not be realized
“We may not realize any or all of the anticipated benefits of our financial excellence programs and operational optimization plans, which may prove to be more difficult, costly or time consuming than expected.”
Strategy and network optimization plan
Margin/branded/international strategy; network optimization plan with $86M pretax charges, $252M facility sale proceeds
“During fiscal 2025, the Company initiated a network optimization plan to optimize our global operations and logistics network.”
FY2025 input cost inflation detail
Cattle +$1,840M, hogs +$295M, Prepared Foods inputs +$345M, Chicken feed -$340M
“Increase in cattle costs of approximately $1,840 million in our Beef segment.”
Debt activity and dividend payments FY2025
FY2025: operating cash flow $2,155M; capex $978M; debt issuance $175M vs repayments $1,262M; dividends $697M; Class A buybacks $196M; $252M proceeds from sale of storage facilities ($107M gain)
“Proceeds from sale of storage facilities252 — —”
Tariffs and trade disputes risk
Tariffs and trade disputes could raise prices in affected countries, reduce demand, and raise commodity/raw material sourcing costs
“Changes in import and export policies, including trade restrictions, new or increased tariffs or quotas, and customs restrictions, could require us to change the way we conduct business, impose increased costs, and reduce demand for our products.”
FY2025 income statement results
FY2025 sales $54,441M; operating income $1,098M; goodwill impairment $343M; net income attributable to Tyson $474M; diluted EPS $1.33
“Sales$54,441 $53,309 $52,881”
Beef goodwill fully impaired
Fiscal 2025 goodwill impairment of $343 million fully impaired Beef segment goodwill to $0; accumulated impairment losses at Sept 27, 2025: $1,236M Beef, $210M Chicken, $295M International/Other; consolidated goodwill $9,469M
“Impairment losses(343)— — — — (343)”
Goodwill impairment $343 million in FY2025
Goodwill impairment of $343 million in FY2025 (after $781 million in FY2023)
“Goodwill Impairment343 — 781”
Balance sheet summary FY2025
At 9/27/2025: cash $1,229M; inventories $5,681M; goodwill $9,469M; intangibles $5,624M; current debt $909M; long-term debt $7,921M; total equity $18,227M
“Goodwill9,469 9,819”
Dual-class share structure
Class A: 378M shares issued; convertible Class B: 70M shares issued; treasury stock 95M shares at cost $5,102M
“Class A-authorized 900 million shares, issued 378 million shares38 38”
Fiscal year convention
52- or 53-week fiscal year ending Saturday closest to September 30; FY2025, 2024 and 2023 were 52-week years
“The Company’s accounting cycle resulted in a 52-week year for fiscal 2025, 2024 and 2023.”
Intangible assets composition and amortization schedule
Total intangible assets of $5,624M at Sept 27, 2025, including $4,078M brands/trademarks not subject to amortization and $2,385M customer relationships; FY2025 amortization expense $239M; next five years: $207M, $195M, $187M, $174M, $166M
“We estimate amortization expense on intangible assets for the next five fiscal years subsequent to September 27, 2025, will be: 2026 - $207 million; 2027 - $195 million; 2028 - $187 million; 2029 - $174 million; 2030 - $166 million.”
Property, plant and equipment by category
Net PP&E of $9,204M at Sept 27, 2025 vs $9,442M at Sept 28, 2024; gross PP&E $20,387M including machinery/equipment $12,015M, buildings/leasehold improvements $7,079M, construction in progress $509M
“Machinery and equipment12,015 11,457 Land improvements and other575 600 Buildings and equipment under construction509 705 20,387 19,963”
Pending FASB accounting guidance adoptions
Adopted FASB segment-reporting expense disclosure guidance in FY2025; pending: income tax disclosure guidance (fiscal 2026), expense disaggregation guidance (fiscal 2028/2029), and software cost capitalization guidance eliminating stage-based model (fiscal 2029); impacts currently being evaluated
“In December 2023, the FASB issued authoritative guidance to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation and income taxes paid information.”
Equity method investments in fiscal 2023
Fiscal 2023 acquisitions of equity method investments totaled $115 million, primarily ADC, a minority interest in a global insect-based ingredients company, and deferred payments related to a prior year investment
“Acquisition of equity method investments in fiscal 2023, which totaled $115 million, primarily included ADC and the purchase of a minority interest in a global insect-based ingredients company as well as deferred payments related to a prior year investment.”
Checks outstanding over book cash
Checks outstanding in excess of book cash balances totaled ~$100 million at September 27, 2025 and September 28, 2024
“Checks outstanding in excess of related book cash balances totaled approximately $100 million at September 27, 2025 and September 28, 2024.”
Supplier finance program disclosures
Early adopted FASB supplier finance program disclosure requirements for fiscal 2023 and adopted the rollforward requirement for fiscal year ended September 27, 2025; no material impact
“We elected to early adopt the initial disclosure requirement for the fiscal year ended September 30, 2023, and it did not have a material impact on our consolidated financial statements.”
Commodity and raw material input risk
Earnings dependent on cost/supply of beef, pork, poultry, corn, soybean meal and vegetable oils; volatility directly impacts gross margin
“Fluctuations in commodity prices and in the availability of raw materials, especially feed grains, live cattle, live swine and other inputs could negatively impact our earnings.”
Controlled company / Tyson family ownership
TLP owns 99.987% of Class B stock; Tyson family control ~71.94% of voting power; company uses NYSE 'controlled company' exemptions
“the TLP and members of the Tyson family own, in the aggregate, 2.56% of the outstanding shares of the Company's Class A Common Stock... giving them, collectively, control of approximately 71.94% of the total voting power”
Cybersecurity risk
Has experienced cyber attacks in the past; IT disruption could halt operations; no significant cyber-related events in fiscal 2025
“We have in the past experienced, and may in the future face, cyber attacks, other cyber incidents, disruptions or security breaches... We have not experienced any significant cyber-related events in fiscal 2025.”
Animal disease border closures risk
Risk of foreign countries closing borders to beef, pork and poultry imports due to animal disease or health/safety issues
“closing of borders by foreign countries to the import of beef, pork and poultry products due to animal disease or other perceived health or safety issues”
Inflation and cost pressure
Inflation has and may continue to increase operational costs including labor and grain/feed ingredient costs; rising interest rates heighten uncertainty
“inflation, which has significantly risen, has and may continue to increase our operational costs, including labor costs and grain and feed ingredient costs”
Consumer trade-down risk
In economic uncertainty consumers may buy fewer products or shift to private-label goods, hurting product sales
“In times of economic uncertainty, consumers may purchase fewer products or shift to lower-priced offerings such as private-label goods, and this could adversely affect our product sales.”
Live cattle are the primary raw material for Beef; limited supply and rising cattle costs drove ~$1,840 million higher costs in FY2025.
“The primary raw materials used in our beef operations are live cattle.”
Feed ingredients are ~53% of the cost of growing a live chicken; price/supply swings directly hit gross margin.
“Corn, soybean meal and other feed ingredients, for instance, represented roughly 53% of our cost of growing a live chicken in fiscal 2025.”
Cattle cost inflation of ~$1,840 million drove Beef segment to a (5.2)% operating margin in FY2025; herd rebuild timing is uncertain.
“The Beef segment continues to experience limited supply of market-ready cattle as well as increased cattle costs.”
Walmart is ~18.7% of FY2025 consolidated sales across all segments; extended discontinuance could materially impact operations.
“Walmart Inc. accounted for approximately 18.7% of our fiscal 2025 consolidated sales. Sales to Walmart Inc. were included in all of our segments.”
Revenue is driven by a broad portfolio of iconic protein brands including Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, Aidells® and ibp®.
“broad portfolio of iconic products and brands including Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, Aidells® and ibp®”
Tariffs could reduce demand abroad and raise commodity/raw material sourcing costs.
“Tariffs and trade disputes could increase the price of our goods in the affected countries and result in less or no demand.”
Inflation raises labor and grain/feed costs; higher interest rates add uncertainty.
“inflation, which has significantly risen, has and may continue to increase our operational costs, including labor costs and grain and feed ingredient costs”
Corn and soybean meal are primary chicken feed inputs, ~53% of cost of growing a live chicken; feed cost changes materially affect Chicken segment margins.
“The primary raw materials used in our domestic chicken operations are corn and soybean meal, used as feed”
Border closures for animal disease would cut export sales of beef, pork and poultry.
“closing of borders by foreign countries to the import of beef, pork and poultry products due to animal disease or other perceived health or safety issues”
Live chickens are raised primarily by independent contract farmers in the vertically-integrated chicken process.
“live chickens raised primarily by independent contract farmers”
Live hogs are the primary Pork raw material, obtained mainly through procurement relationships with independent producers; hog costs rose ~$295 million in FY2025.
“The primary raw materials used in our pork operations are live hogs. The majority of our live hog supply is obtained through various procurement relationships with independent producers.”
Consumer price sensitivity and trade-down to private label limit ability to pass through higher input costs.
“we may not always be able to increase our product prices enough to sufficiently offset increased raw material costs due to consumer price sensitivity”
Named among key USD FX exposures affecting international operations and sales.
“particularly the Brazilian real, the British pound sterling, the Canadian dollar, the Chinese renminbi, the European euro, the Malaysian ringgit, the Mexican peso and the Thai baht”
Beef segment goodwill has accumulated impairments of $1,236 million including a $343 million fiscal 2025 charge that fully impaired Beef goodwill, evidencing sustained economic pressure in the Beef business.
“Included in goodwill for fiscal 2025 are accumulated impairment losses of $1,236 million in Beef, $210 million in Chicken and $295 million in International/Other.”
Livestock growout costs are primarily feed, making feed grain a key cost driver embedded in livestock inventory valuation.
“livestock growout costs (primarily feed, livestock grower pay and catch and haul costs)”
Company relies on livestock growers and livestock procurement payments, funded via its cash management disbursement system.
“zero-balance disbursement accounts for funding payroll, accounts payable, livestock procurement, livestock grower payments”
Williams Sausage acquisition expanded Prepared Foods capacity and product portfolio; segment carries $5,891 million of goodwill, the largest share of consolidated goodwill.
“Its results, subsequent to the acquisition closing, are included in our Prepared Foods segment and through September 27, 2025 were insignificant to our Consolidated Statements of Income.”
Trade policy and tariff changes may cause sales disruptions in affected export markets; exports are primarily chicken leg quarters and paws, boxed beef and variety meats.
“As a result of the recent changes in trade policies and tariffs both domestically and internationally, we may experience some sales disruptions and other impacts associated with tariffs.”
See which prediction-market events move TSN, how its filings map to real-world exposure, and what 12 AI strategies are doing with positions like it.
Free forever to follow AlphaBrain’s AI strategies. No card required.
Hillshire Reserve™ Brand Redefines Lunchmeat for More Versatile, Elevated Everyday Eating
GlobeNewsWire • STOCK • 15/06/2026, 10:00:00
Tyson Foods: Beef Remains A Drag, But The Long-Term Thesis Is Intact
Seeking Alpha • STOCK • 07/06/2026, 23:11:52
Tyson (TSN) Down 12.9% Since Last Earnings Report: Can It Rebound?
Zacks Investment Research • STOCK • 03/06/2026, 14:36:30
Tyson Foods, Inc. (TSN) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research • STOCK • 29/05/2026, 12:01:13
Tyson Foods Names Jeff Schomburger to Succeed Donnie King as President, CEO
WSJ • STOCK • 28/05/2026, 10:34:00
Should Value Investors Buy Tyson Foods (TSN) Stock?
Zacks Investment Research • STOCK • 25/05/2026, 12:41:24
Can Tyson Foods Sustain Momentum Amid Rising Protein Demand?
Zacks Investment Research • STOCK • 19/05/2026, 14:10:47
Tyson Foods: Momentum Builds As Core Segments Rebound, Macro Uncertainty Keeps Me Cautious
Seeking Alpha • STOCK • 06/05/2026, 10:30:56
Tyson Foods: Don't Chicken Out On Its Chicken Strength
Seeking Alpha • STOCK • 05/05/2026, 13:20:00
Tyson Foods (NYSE:TSN) Stock Soars on Strong Q2 Earnings and Analyst Confidence
Market Data • Market Data • 04/05/2026, 21:06:58
Tyson Foods, Inc. (NYSE: TSN) Reports Strong Revenue, Misses Profit Expectations in Latest Earnings
Market Data • Market Data • 04/05/2026, 16:05:43
Tyson Foods Q2 Earnings Beat Estimates, Sales Grow 4.4% Y/Y
Zacks Investment Research • STOCK • 04/05/2026, 15:20:37
