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SMITHFIELD FOODS INC (SFD)

NASDAQ / Consumer Defensive / Agricultural Farm Products

Share price

18.30 USD Market dataClose of Oct 14, 2026

Market capitalisation

7.20B USD Market dataClose of Oct 14, 2026
Market data
Oct 14, 2026
Filed accounts
FY2025, filed Mar 24, 2026
Ratios computed
Oct 14, 2026
Filed years
10, FY2009 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

13.1% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

7.26x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

10.0% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2009 Revenue: 12.49B USDFY2009 Net income: -198.4M USDFY2011 Revenue: 12.20B USDFY2011 Net income: 521.0M USDFY2012 Revenue: 13.09B USDFY2012 Net income: 361.3M USDFY2013 Revenue: 13.22B USDFY2013 Net income: 183.8M USDFY2014 Revenue: 15.03B USDFY2014 Net income: 556.1M USDFY2015 Revenue: 14.44B USDFY2015 Net income: 452.3M USDFY2022 Revenue: 16.20B USDFY2022 Net income: 870.0M USDFY2023 Revenue: 14.64B USDFY2023 Net income: 17.0M USDFY2024 Revenue: 14.14B USDFY2024 Net income: 953.0M USDFY2025 Revenue: 15.53B USDFY2025 Net income: 987.0M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
11 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 7.26x at the close of 2026-10-14 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits below the lowest.

Today, against the Consumer Defensive sector (136 companies), 7.26x sits at the 10th percentile; the middle half of that group runs from 13.84x to 33.06x.

Is it good

Return on invested capital was 13.1% in FY2025, in the band labelled "Above the cost of capital" (12.0% to 20.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Consumer Defensive sector (98 companies), 13.1% sits at the 74th percentile; the middle half of that group runs from 2.7% to 13.7%.

Is it safe

Interest coverage was 31.51x in FY2025, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether SMITHFIELD FOODS INC's return on invested capital stayed above the median of the Consumer Defensive sector, year by year. (FY2023 to FY2025, 3 fiscal years of SMITHFIELD FOODS INC with a comparable figure)
The direction
Which way SMITHFIELD FOODS INC's gross margin has moved, and how steadily. (FY2014 to FY2025, 6 filed years of SMITHFIELD FOODS INC)
What could explain it
What in SMITHFIELD FOODS INC's filed statements could explain the movements. (5 readings drawn from the statement lines SMITHFIELD FOODS INC filed)
What to check next
What to check next on SMITHFIELD FOODS INC, and where in its filings. (3 questions for SMITHFIELD FOODS INC)
In one paragraph
One paragraph on SMITHFIELD FOODS INC's returns, cash, balance sheet and price. (15 of sixteen figures read for SMITHFIELD FOODS INC)

These are SFD’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research SFDPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Mar 24, 2026, accession 0000091388-26-000014.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

SMITHFIELD FOODS INC: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax13.1% ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Return on equity14.5% ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Return on capital employed, pre-tax12.4% ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Return on assets8.1% ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Gross margin13.4% ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Operating margin8.3% ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Net margin6.4% ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
SFD 6.4%
INGR 10.1%AGRO 6.1%CELH 4.3%EDU 8.4%OLLI 9.1%
4.3%10.1%
Net margin: SFD against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

SMITHFIELD FOODS INC: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.35 ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Current ratio2.97 ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Quick ratio1.63 ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Interest coverage31.51x ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Altman Z-score3.20 ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Net debt874.0M ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Total assets 12.18BTotal liabilities 5.38BShareholders' equity 6.80BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What SMITHFIELD FOODS INC owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Mar 24, 2026, 0000091388-26-000014).

SMITHFIELD FOODS INC: balance sheet position
Total assets12.18B FiledFY2025 10-K, filed Mar 24, 2026
Total liabilities5.38B FiledFY2025 10-K, filed Mar 24, 2026
Shareholders' equity6.80B FiledFY2025 10-K, filed Mar 24, 2026
Cash1.54B FiledFY2025 10-K, filed Mar 24, 2026
Total debt2.41B FiledFY2025 10-K, filed Mar 24, 2026
Net debt874.0M
Current ratio2.97
Debt to equity0.35

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

SMITHFIELD FOODS INC: what the market charges, each with its source
FigureValue, source and document
Price to earnings7.26x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
P/E on trailing twelve months6.90x ComputedClose of Oct 14, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book1.06x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Price to sales0.46x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Enterprise value to EBIT6.23x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Enterprise value to EBITDA4.95x ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Diluted earnings per share2.51 USD FiledFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Graham number31.34 USD ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014

We publish no fair value or price target of our own. Value SFD on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for SMITHFIELD FOODS INC today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

SMITHFIELD FOODS INC: valuation
Share price18.30 USD
Market capitalisation7.20B USD
Enterprise value to EBITDA4.95x
Graham number31.34 USD
Diluted earnings per share, FY20252.51 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Jan 29, 2025: low 6.90x, median 9.43x, high 19.31x, latest 6.90x. 428 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like SMITHFIELD FOODS INC

  1. Ingredion Incorporated (INGR)Market cap 6.14B USD
  2. Adecoagro S.A. (AGRO)Market cap 5.80B USD
  3. Celsius Holdings, Inc. (CELH)Market cap 6.88B USD
  4. New Oriental Education & Technology Group Inc. (EDU)Market cap 8.93B USD
  5. Ollie's Bargain Outlet Holdings, Inc. (OLLI)Market cap 5.63B USD

Same sector (Consumer Defensive) and size band (Mid, 2B to 10B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

SMITHFIELD FOODS INC: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield10.0% ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Free cash flow718.0M USD ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Free cash flow margin4.6% ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Dividend yield6.5% ComputedClose of Oct 14, 2026 · FY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Payout ratio40.1% ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
FY2009 Free cash flow: 90.6M USDFY2009 Net income: -198.4M USDFY2011 Free cash flow: 439.6M USDFY2011 Net income: 521.0M USDFY2012 Free cash flow: 279.4M USDFY2012 Net income: 361.3M USDFY2013 Free cash flow: -105.3M USDFY2013 Net income: 183.8M USDFY2014 Net income: 556.1M USDFY2015 Net income: 452.3M USDFY2022 Free cash flow: 183.0M USDFY2022 Net income: 870.0M USDFY2023 Free cash flow: 335.0M USDFY2023 Net income: 17.0M USDFY2024 Free cash flow: 566.0M USDFY2024 Net income: 953.0M USDFY2025 Free cash flow: 718.0M USDFY2025 Net income: 987.0M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

SMITHFIELD FOODS INC: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
7.26xFY2025Oct 14, 2026
1.06xFY2025Oct 14, 2026
6.23xFY2025Oct 14, 2026
10.0%FY2025Oct 14, 2026
13.1%FY2025Mar 24, 2026
6.5%FY2025Oct 14, 2026
0.35FY2025Mar 24, 2026
2.97FY2025Mar 24, 2026
0.46xFY2025Oct 14, 2026
n/aFY2025Oct 14, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
3.20FY2025Oct 14, 2026
-1.76FY2025Mar 24, 2026
6/9FY2025Mar 24, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 10 filed fiscal years on record, FY2009 to FY2025, from SEC EDGAR. Prices as of Oct 14, 2026. Ratios recomputed Oct 14, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2009 to FY2025, read from the annual reports SMITHFIELD FOODS INC filed with the SEC. Each year names its filing. Amounts in USD, as filed.

SMITHFIELD FOODS INC: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202515.53B1.29B987.0M2.51718.0M8.3%14.5%10-K, Mar 24, 20260000091388-26-000014
FY202414.14B1.12B953.0M2.51566.0M7.9%16.3%10-K, Mar 25, 20250000091388-25-000017
FY202314.64B-56.0M17.0M0.05335.0M-0.4%0.2%10-K, Mar 24, 20260000091388-26-000014
FY202216.20B1.12B870.0M2.29183.0M6.9%n/a10-K, Mar 25, 20250000091388-25-000017
FY201514.44B793.8M452.3Mn/an/a5.5%9.4%10-K, Mar 29, 20160000091388-16-000064
FY201415.03B931.6M556.1Mn/an/a6.2%12.3%10-K, Mar 25, 20150000091388-15-000015
FY201313.22B519.3M183.8M1.26-105.3M3.9%5.9%10-K, Jun 18, 20130000091388-13-000040
FY201213.09B722.6M361.3M2.21279.4M5.5%10.7%10-K, Jun 18, 20120000091388-12-000027
FY201112.20B1.09B521.0M3.12439.6M9.0%14.7%10-K, Jun 17, 20110000091388-11-000038
FY200912.49B-223.9M-198.4M-1.4190.6M-1.8%n/a10-K, Jun 17, 20110000091388-11-000038
  • Revenue, compound annual growth FY2009 to FY2025: 1.4%
  • Earnings: Earnings was not positive in both 2009 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2009 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow, compound annual growth FY2009 to FY2025: 13.8%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

SMITHFIELD FOODS INC: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-1.76 ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Piotroski F-score6/9 ComputedFY2025 10-K, filed Mar 24, 2026, 0000091388-26-000014
Named tests met11 of 30 Computed
Beta
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 14, 2026

The named tests

Of 30 tests value investors published: 11 met, 16 not met, 3 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
EV/EBITDA and coverage; High yield, low payout; ROIC at or above WACC; Near the 52-week low; Z-score and coverage (Edward Altman); P/E times P/B (Benjamin Graham); Owner earnings yield; Low P/S, rising earnings (James O'Shaughnessy); Cash-flow yield and ROIC; Cheapest quarter on P/E (David Dreman); Low P/E, growth, yield (John Neff)
Does not
Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); Dividends and buybacks; Two thirds of NCAV (Benjamin Graham); High returns, low debt; High return on tangibles; Book or below, low debt (Walter Schloss); Tangible book or below; Clean books, high ROIC; Cheapest quarter on P/B (David Dreman)
Not measured
Defensive investor (Benjamin Graham); Low beta, profitable; Cash-covered dividend. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(4)
  • Positive Earnings Streak: We hold 3 profitable filed years in a row; the test needs 10.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Beta: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 4 figures could not be read on this company, among them Positive Earnings Streak, PEG Ratio, Beta. Each blank in the table above names the rest, with its reason. 3 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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