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Research report · 16 October 2026

Tyson Foods, Inc. (TSN)

Consumer Staples · Packaged Foods & Meats · US stock · price as of 16 Oct 2026

Key indicators

Price$54.90
52-week range$48.84 – $68.26
Market cap$19.5B
P/E (trailing)34.0×
EV / EBITDA10.2×
Free-cash-flow yield6.0%
Dividend yield3.7%
Revenue (last 12 months)$55.7B
Revenue growth (3y a year)0.7%
Operating margin2.3%
Return on invested capital3.6%
Net debt / EBITDA2.8×

Fair value

Blended fair value$51.65 range $48 – $55
Versus priceFair−6% to fair value
Peer multiples$52.99
Fundamentals-adjusted multiple$61.01
10-year DCF (market-scaled)$40.96
Earnings power value (floor, not blended)$51.96
Model uncertaintyLow

X-Ray Score

38/ 100 · High confidence · ahead of 21% of sector peers
Valuation51
Growth42
Profitability18
Financial health37
Dividends51

Five-year price chart navy: price · brown: 200-day average · blue band: fair value range

38.0450.4462.8475.2387.63Fair value $522021-102023-012024-042025-072026-10

Executive summary

Tyson Foods processes and markets chicken, beef and pork, and a range of prepared foods under brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park and State Fair. Customers are grocery retailers, restaurants, foodservice distributors, club stores and international customers. It is organised around beef, pork, chicken and prepared foods operations, and is headquartered in Arkansas.

Revenue comes from supplying fresh and processed meat and prepared foods to retail and foodservice customers. It totals $55.7 billion over the last twelve months, with growth of 0.7% a year across three years. The operating margin is 2.3%, and the business earns a profit of 4% on the capital invested in it. Tyson has net debt of 2.8 times EBITDA, and the dividend yield is 3.7%.

StocksXray gives Tyson Foods, Inc. an X-Ray Score of 38 out of 100 (high confidence), ahead of 21% of the S&P 500 stocks in its sector. Its strongest lens is dividends (51) and its weakest is profitability (18).

Our fair value blend is $51.65 (range $48.18 to $55.04). At $54.90 the stock trades 6% above that blend, so the label is "Fair" with low model uncertainty. Fair value is a range, not a price target.

stocksxray.com · page 1
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Tyson Foods, Inc. (TSN)

Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months

FY2021FY2022FY2023FY2024FY2025Now
Price$66.78$57.45$45.49$55.74$52.35$54.90
Market cap$24.4B$20.9B$12.9B$19.8B$18.7B$19.5B
P/E8.0×6.4×–24.8×39.4×34.0×
EV / revenue0.7×0.5×0.4×0.5×0.5×0.5×
EV / EBITDA5.6×5.0×23.5×10.0×10.8×10.2×
Price / free cash flow9.3×26.1×–13.6×15.9×16.8×
Free-cash-flow yield10.8%3.8%−1.4%7.3%6.3%6.0%
Price / book1.4×1.1×0.7×1.1×1.0×1.1×
Dividend yield–––––3.72%

Fundamentals checklist ● 3 Good · ● 6 Average · ● 7 Bad · each check graded against the sector

Cash quality

Earnings backed by cash−4.0%Average
Free-cash-flow yield6.0%Good

Risk models

Altman Z score3.6×Good
Piotroski F-Score5 of 9Bad

Growth

EPS growth (3y)−47.0%Bad
Free-cash-flow growth (3y)13.7%Average
Revenue growth (3y)0.7%Average
Growth consistency80%Average

Balance sheet

Current ratio1.4×Good
Net debt / EBITDA2.8×Bad
Interest cover3.1×Bad

Valuation

Fair value vs price0.9×Average
EBIT / EV yield4.7%Average

Profitability

Return on invested capital3.6%Bad
Operating margin2.3%Bad
Gross profitability9.6%Bad
stocksxray.com · page 2
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Tyson Foods, Inc. (TSN)

Financials US$ millions, from SEC filings; last column is the last twelve months

Income statementFY21FY22FY23FY24FY25LTM
Revenue47,04953,28252,88153,30954,44155,694
Gross profit6,5266,6682,6313,6273,5623,417
Operating income4,3964,410-3951,4091,0981,257
Net income3,0473,238-648800474574
Diluted EPS ($)8.348.92-1.872.251.331.62
Free cash flow2,631800-1871,4581,1771,161
Gross margin13.9%12.5%5.0%6.8%6.5%6.1%
Operating margin9.3%8.3%−0.7%2.6%2.0%2.3%
Net margin6.5%6.1%−1.2%1.5%0.9%1.0%
Balance sheetFY21FY22FY23FY24FY25LTM
Total assets36,30936,82136,25137,10036,65835,612
Cash2,5071,0315731,7171,229740
Total debt9,3488,3219,5069,7878,8308,006
Equity17,72319,70218,13318,39018,08518,079
Dividend per share ($)––––––

Revenue and net income US$ billions: navy revenue, teal net income

FY21FY22FY23FY24FY25

Margins blue gross, teal operating, brown net

-1%4%9%14%FY21FY22FY23FY24FY25

Latest quarters

Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue ($M)13,07413,88413,86014,31313,65313,868
Growth vs a year earlier+0.0%+4.0%+2.2%+5.1%+4.4%−0.1%
Net income ($M)7614785260182
Diluted EPS ($)0.020.17–0.240.730.52
stocksxray.com · page 3
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Tyson Foods, Inc. (TSN)

Peers in Packaged Foods & Meats

CompanyX-Ray
TSN · Tyson Foods, Inc.38
MKC · Mccormick & Co Inc53
HRL · Hormel Foods Corp42
KHC · Kraft Heinz Co35
MDLZ · Mondelez International, In...35

Market Compass outlook for Consumer Staples: Neutral (41/100). It blends regime history, macro sensitivity, momentum and valuation.

Returns

1 week+2.8%
1 month+5.1%
3 months−4.5%
6 months−13.8%
1 year+7.6%
3 years+26.4%
5 years−18.1%

Technical summary

DailyNeutral8 bullish · 1 neutral · 7 bearish
WeeklyBearish3 bullish · 1 neutral · 8 bearish
MonthlyBearish2 bullish · 1 neutral · 5 bearish
50-day / 200-day average$53.85 / $58.91
52-week low / high$48.84 / $68.26
Classic pivot, support and resistanceS2 53.97 · S1 54.44 · P – · R1 55.16 · R2 55.41

Recent dividends

Ex-dividend dateAmount per share
1 Dec 2026$0.5100
1 Sep 2026$0.5100
1 Jun 2026$0.5100
27 Feb 2026$0.5100
1 Dec 2025$0.5100
29 Aug 2025$0.5000
stocksxray.com · page 4
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Tyson Foods, Inc. (TSN)

Strengths

  • Free-cash-flow yield of 6.0% is ahead of 67% of its sector peers.
  • Has raised its dividend for 7 years in a row.

Risks and weak spots

  • Piotroski F-Score is weak against Consumer Staples peers (5 of 9).
  • EPS growth (3y) is weak against Consumer Staples peers (−47.0%).
  • Net debt / EBITDA is weak against Consumer Staples peers (2.8×).
  • Interest cover is weak against Consumer Staples peers (3.1×).
  • Return on invested capital is weak against Consumer Staples peers (3.6%).
  • Operating margin is weak against Consumer Staples peers (2.3%).
  • Gross profitability is weak against Consumer Staples peers (9.6%).

Latest SEC filings

DateFormItems
3 Sep 20268-K7.01,9.01
24 Aug 20268-K8.01,9.01
24 Aug 20268-K1.01,2.03,8.01,9.01
13 Aug 20268-K7.01
11 Aug 2026424B5
11 Aug 20268-K1.01,8.01,9.01
10 Aug 20268-K8.01,9.01
10 Aug 2026424B5

How to read this report

Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.

stocksxray.com · page 5 · generated 19 Oct 2026