S

SMITHFIELD FOODS, INC.

SFD · CIK 0000091388

12 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$15.53B9.8%
FY2025
Net income (FY)
$987.0M3.6%
FY2025
Free cash flow (FY)
$718.0M26.9%
FY2025
Diluted EPS (FY)
$2.510.0%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10B$15BFY2008 · Revenue $12.49B · 0000091388-11-000038 · filed 2011-06-17FY08Revenue $12.49B0000091388-11-000038 · filed 2011-06-17FY2009 · Revenue $11.20B · Net income −$101.4M · 0000091388-12-000027 · filed 2012-06-18FY09Revenue $11.20BNet income −$101.4M0000091388-12-000027 · filed 2012-06-18FY2010 · Revenue $12.20B · Net income $521.0M · 0000091388-13-000040 · filed 2013-06-18FY10Revenue $12.20BNet income $521.0M0000091388-13-000040 · filed 2013-06-18FY2011 · Revenue $13.09B · Net income $361.3M · 0000091388-13-000040 · filed 2013-06-18FY11Revenue $13.09BNet income $361.3M0000091388-13-000040 · filed 2013-06-18FY2012 · Revenue $13.22B · Net income $183.8M · 0000091388-13-000040 · filed 2013-06-18FY12Revenue $13.22BNet income $183.8M0000091388-13-000040 · filed 2013-06-18FY2013 · Revenue $13.90B · Net income $120.7M · 0000091388-15-000015 · filed 2015-03-25FY13Revenue $13.90BNet income $120.7M0000091388-15-000015 · filed 2015-03-25FY2014 · Revenue $15.03B · Net income $556.1M · 0000091388-16-000064 · filed 2016-03-29FY14Revenue $15.03BNet income $556.1M0000091388-16-000064 · filed 2016-03-29FY2015 · Revenue $14.44B · Net income $452.3M · 0000091388-16-000064 · filed 2016-03-29FY15Revenue $14.44BNet income $452.3M0000091388-16-000064 · filed 2016-03-29FY2022 · Revenue $16.20B · Net income $870.0M · 0000091388-25-000017 · filed 2025-03-25FY22Revenue $16.20BNet income $870.0M0000091388-25-000017 · filed 2025-03-25FY2023 · Revenue $14.64B · Net income $17.0M · 0000091388-26-000014 · filed 2026-03-24FY23Revenue $14.64BNet income $17.0M0000091388-26-000014 · filed 2026-03-24FY2024 · Revenue $14.14B · Net income $953.0M · 0000091388-26-000014 · filed 2026-03-24FY24Revenue $14.14BNet income $953.0M0000091388-26-000014 · filed 2026-03-24FY2025 · Revenue $15.53B · Net income $987.0M · 0000091388-26-000014 · filed 2026-03-24FY25Revenue $15.53BNet income $987.0M0000091388-26-000014 · filed 2026-03-24FY25Revenue $15.53BNet income $987.0M0000091388-26-000014 · filed 2026-03-24FY09FY11FY13FY15FY23FY25

revenue 1.2× since FY2008 · net margin -0.9% → 6.4%

MarginsNet marginFCF margin
0%5%FY2008 · FCF margin 0.7%FY08FCF margin 0.7%derived: (ocf − capex) ÷ revenueFY2009 · Net margin -0.9% · FCF margin 0.7%FY09Net margin -0.9%FCF margin 0.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 4.3% · FCF margin 3.6%FY10Net margin 4.3%FCF margin 3.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 2.8% · FCF margin 2.1%FY11Net margin 2.8%FCF margin 2.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 1.4% · FCF margin -0.8%FY12Net margin 1.4%FCF margin -0.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 0.9%FY13Net margin 0.9%derived: net income ÷ revenueFY2014 · Net margin 3.7%FY14Net margin 3.7%derived: net income ÷ revenueFY2015 · Net margin 3.1%FY15Net margin 3.1%derived: net income ÷ revenueFY2022 · Net margin 5.4% · FCF margin 1.1%FY22Net margin 5.4%FCF margin 1.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 0.1% · FCF margin 2.3%FY23Net margin 0.1%FCF margin 2.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 6.7% · FCF margin 4.0%FY24Net margin 6.7%FCF margin 4.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 6.4% · FCF margin 4.6%FY25Net margin 6.4%FCF margin 4.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 6.4%FCF margin 4.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’10’13’22’25

FY2025: net 6.4% · free cash flow 4.6% of revenue

Cash engineOperating cash flowFree cash flow
$0$500M$1BFY2008 · OCF $269.9M · FCF $90.6M · 0000091388-11-000038 · filed 2011-06-17FY08OCF $269.9MFCF $90.6M0000091388-11-000038 · filed 2011-06-17FY2009 · OCF $258.2M · FCF $83.5M · 0000091388-12-000027 · filed 2012-06-18FY09OCF $258.2MFCF $83.5M0000091388-12-000027 · filed 2012-06-18FY2010 · OCF $616.4M · FCF $439.6M · 0000091388-13-000040 · filed 2013-06-18FY10OCF $616.4MFCF $439.6M0000091388-13-000040 · filed 2013-06-18FY2011 · OCF $570.1M · FCF $279.4M · 0000091388-13-000040 · filed 2013-06-18FY11OCF $570.1MFCF $279.4M0000091388-13-000040 · filed 2013-06-18FY2012 · OCF $172.7M · FCF −$105.3M · 0000091388-13-000040 · filed 2013-06-18FY12OCF $172.7MFCF −$105.3M0000091388-13-000040 · filed 2013-06-18FY2022 · OCF $521.0M · FCF $183.0M · 0000091388-25-000017 · filed 2025-03-25FY22OCF $521.0MFCF $183.0M0000091388-25-000017 · filed 2025-03-25FY2023 · OCF $688.0M · FCF $335.0M · 0000091388-26-000014 · filed 2026-03-24FY23OCF $688.0MFCF $335.0M0000091388-26-000014 · filed 2026-03-24FY2024 · OCF $916.0M · FCF $566.0M · 0000091388-26-000014 · filed 2026-03-24FY24OCF $916.0MFCF $566.0M0000091388-26-000014 · filed 2026-03-24FY2025 · OCF $1.06B · FCF $718.0M · 0000091388-26-000014 · filed 2026-03-24FY25OCF $1.06BFCF $718.0M0000091388-26-000014 · filed 2026-03-24FY25OCF $1.06BFCF $718.0M0000091388-26-000014 · filed 2026-03-24’08’10’12’23’25

FY2025: $1.06B operating cash − $341.0M capex = $718.0M free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%FY2009 · ROE -3.7% · ROA -1.3%FY09ROE -3.7%ROA -1.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 14.7% · ROA 6.8%FY10ROE 14.7%ROA 6.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 10.7% · ROA 4.9%FY11ROE 10.7%ROA 4.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 5.9% · ROA 2.4%FY12ROE 5.9%ROA 2.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROA 1.2%FY13ROA 1.2%derived: net income ÷ assetsFY2014 · ROA 5.5%FY14ROA 5.5%derived: net income ÷ assetsFY2015 · ROA 4.6%FY15ROA 4.6%derived: net income ÷ assetsFY2023 · ROE 0.2% · ROA 0.1%FY23ROE 0.2%ROA 0.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 16.3% · ROA 8.6%FY24ROE 16.3%ROA 8.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 14.5% · ROA 8.1%FY25ROE 14.5%ROA 8.1%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 14.5%ROA 8.1%derived: net income ÷ equity · derived: net income ÷ assets’10’12’14’23’25

return on equity -4% (FY2009) → 15% (FY2025) · on assets 8.1%

The receipts