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Smithfield Foods (SFD) Financials

Smithfield Foods logo
$20.47 -0.19 (-0.92%)
As of 04/24/2025 04:00 PM Eastern
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Annual Income Statements for Smithfield Foods

Annual Income Statements for Smithfield Foods

This table shows Smithfield Foods' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 556 477 870 17 953
Consolidated Net Income / (Loss)		 556 452 881 23 970
Net Income / (Loss) Continuing Operations		 556 477 811 -133 798
Total Pre-Tax Income 		773 648 1,047 -129 1,061
Total Operating Income		 932 794 1,117 -56 1,118
Total Gross Profit		 1,776 1,755 1,495 889 1,897
Total Revenue		 15,031 14,438 16,199 14,640 14,142
Operating Revenue		 15,031 14,438 16,199 14,640 14,142
Total Cost of Revenue		 13,256 12,683 14,704 13,751 12,244
Operating Cost of Revenue		 13,256 12,683 14,704 13,751 12,244
Total Operating Expenses		 844 962 378 945 780
Selling, General & Admin Expense		 902 973 807 1,050 840
Other Operating Expenses / (Income)		 -58 -12 -429 -105 -60
Total Other Income / (Expense), net		 -159 -121 -69 -73 -57
Interest Expense		 159 121 87 76 66
Other Income / (Expense), net		 - - 18 3.00 9.00
Income Tax Expense		 217 196 231 -41 271
Other Gains / (Losses), net		 - - -6.00 -46 8.00
Net Income / (Loss) Discontinued Operations		 - - 70 155 170
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - 22 10 31
Basic Earnings per Share		 - - $2.29 $0.05 $2.51
Weighted Average Basic Shares Outstanding		 1K 1K 380.07M 380.07M 380.07M
Diluted Earnings per Share		 - - $2.29 $0.05 $2.51
Weighted Average Diluted Shares Outstanding		 1K 1K 380.07M 380.07M 380.07M
Weighted Average Basic & Diluted Shares Outstanding		 1K 1K - - 393.11M

Quarterly Income Statements for Smithfield Foods

No quarterly income statements for Smithfield Foods are available.

Annual Cash Flow Statements for Smithfield Foods

This table details how cash moves in and out of Smithfield Foods' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2022 2023 2024
Net Change in Cash & Equivalents		 0.00 0.00 245 181 192
Net Cash From Operating Activities		 0.00 0.00 517 1,034 1,137
Net Cash From Continuing Operating Activities		 0.00 0.00 521 688 916
Net Income / (Loss) Continuing Operations		 556 452 811 -133 798
Consolidated Net Income / (Loss)		 556 452 881 23 970
Net Income / (Loss) Discontinued Operations		 - - 70 155 172
Depreciation Expense		 0.00 0.00 440 427 339
Non-Cash Adjustments To Reconcile Net Income		 -556 -452 -423 -27 -27
Changes in Operating Assets and Liabilities, net		 0.00 0.00 -306 420 -194
Net Cash From Discontinued Operating Activities		 - - -4.00 346 221
Net Cash From Investing Activities		 0.00 0.00 193 -322 -469
Net Cash From Continuing Investing Activities		 0.00 0.00 274 -194 -298
Purchase of Property, Plant & Equipment		 0.00 0.00 -338 -353 -350
Sale of Property, Plant & Equipment		 0.00 0.00 8.00 219 99
Divestitures		 0.00 0.00 606 13 0.00
Sale and/or Maturity of Investments		 - - 21 0.00 0.00
Other Investing Activities, net		 0.00 0.00 -21 -72 -47
Net Cash From Discontinued Investing Activities		 - - -81 -128 -171
Net Cash From Financing Activities		 0.00 0.00 -477 -533 -464
Net Cash From Continuing Financing Activities		 0.00 0.00 -567 -353 -321
Repayment of Debt		 0.00 0.00 -801 -239 -45
Repurchase of Common Equity		 0.00 0.00 0.00 -15 0.00
Payment of Dividends		 0.00 0.00 -551 -325 -290
Issuance of Debt		 0.00 0.00 785 226 14
Net Cash From Discontinued Financing Activities		 - - 90 -180 -143
Other Net Changes in Cash		 - - 8.00 0.00 -5.00

Quarterly Cash Flow Statements for Smithfield Foods

No quarterly cash flow statements for Smithfield Foods are available.

Annual Balance Sheets for Smithfield Foods

This table presents Smithfield Foods' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2023 2024
Total Assets		 10,132 9,894 13,317 11,054
Total Current Assets		 3,749 3,741 4,921 4,202
Cash & Equivalents		 434 705 687 943
Accounts Receivable		 864 760 577 558
Inventories, net		 2,207 2,100 2,536 2,412
Prepaid Expenses		 244 176 163 290
Other Current Nonoperating Assets		 - - 958 0.00
Plant, Property, & Equipment, net		 2,753 2,867 3,347 3,176
Total Noncurrent Assets		 3,630 3,286 5,050 3,676
Long-Term Investments		 498 143 191 202
Goodwill		 1,626 1,620 1,627 1,613
Intangible Assets		 1,381 1,366 1,274 1,266
Other Noncurrent Operating Assets		 124 158 611 595
Other Noncurrent Nonoperating Assets		 - - 1,347 0.00
Total Liabilities & Shareholders' Equity		 10,132 9,894 13,317 11,054
Total Liabilities		 5,541 5,019 5,831 4,996
Total Current Liabilities		 1,468 1,545 2,450 1,706
Short-Term Debt		 48 30 90 59
Accounts Payable		 675 686 789 777
Accrued Expenses		 745 828 1,166 871
Other Current Nonoperating Liabilities		 - - 406 0.00
Total Noncurrent Liabilities		 4,073 3,474 3,381 3,290
Long-Term Debt		 2,679 2,258 2,006 1,999
Noncurrent Deferred & Payable Income Tax Liabilities		 698 - 474 518
Noncurrent Employee Benefit Liabilities		 575 - 255 279
Other Noncurrent Operating Liabilities		 122 1,217 560 494
Other Noncurrent Nonoperating Liabilities		 - - 86 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 50 54 246 225
Total Equity & Noncontrolling Interests		 4,540 4,821 7,241 5,834
Total Preferred & Common Equity		 4,540 4,821 7,241 5,834
Preferred Stock		 - - 0.00 0.00
Total Common Equity		 4,540 4,821 7,240 5,834
Common Stock		 4,167 4,185 4,152 3,102
Retained Earnings		 591 1,013 3,588 3,184
Accumulated Other Comprehensive Income / (Loss)		 -219 -378 -500 -452
Noncontrolling Interest		 0.90 0.50 0.00 0.00

Quarterly Balance Sheets for Smithfield Foods

No quarterly balance sheets for Smithfield Foods are available.

Annual Metrics and Ratios for Smithfield Foods

This table displays calculated financial ratios and metrics derived from Smithfield Foods' official financial filings.

Metric 2014 2015 2022 2023 2024
Growth Metrics		 - - - - -
Revenue Growth		 0.00% -3.94% 0.00% -9.62% -3.40%
EBITDA Growth		 0.00% -14.79% 0.00% -76.25% 291.98%
EBIT Growth		 0.00% -14.79% 0.00% -104.67% 2,226.42%
NOPAT Growth		 0.00% -17.30% 0.00% -104.50% 2,223.57%
Net Income Growth		 0.00% -18.67% 0.00% -97.39% 4,117.39%
EPS Growth		 0.00% 0.00% 0.00% -97.82% 4,920.00%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 100.00% 9.96%
Free Cash Flow Firm Growth		 -226.77% 110.90% 0.00% 0.00% 110.86%
Invested Capital Growth		 0.00% -1.07% 0.00% 0.00% 1.16%
Revenue Q/Q Growth		 1,282.57% -19.89% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 102.17% -16.63% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 222.69% -16.38% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 237.08% -18.22% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 172.46% -16.61% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -100.00% -100.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 -197.76% -25.58% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 -9.06% -7.95% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - -
Gross Margin		 11.81% 12.16% 9.23% 6.07% 13.41%
EBITDA Margin		 6.20% 5.50% 9.72% 2.55% 10.37%
Operating Margin		 6.20% 5.50% 6.90% -0.38% 7.91%
EBIT Margin		 6.20% 5.50% 7.01% -0.36% 7.97%
Profit (Net Income) Margin		 3.70% 3.13% 5.44% 0.16% 6.86%
Tax Burden Percent		 71.93% 69.81% 84.15% -17.83% 91.42%
Interest Burden Percent		 82.99% 81.62% 92.25% 243.40% 94.14%
Effective Tax Rate		 28.07% 30.19% 22.06% 0.00% 25.54%
Return on Invested Capital (ROIC)		 20.99% 8.73% 0.00% -1.14% 12.01%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.28% 4.86% 0.00% -22.01% 99.07%
Return on Net Nonoperating Assets (RNNOA)		 3.24% 1.66% 0.00% 1.75% 2.31%
Return on Equity (ROE)		 24.23% 28.11% 0.00% 0.61% 14.32%
Cash Return on Invested Capital (CROIC)		 -179.01% 19.61% 0.00% -201.14% 10.86%
Operating Return on Assets (OROA)		 18.39% 15.86% 0.00% -0.40% 9.25%
Return on Assets (ROA)		 10.98% 9.03% 0.00% 0.17% 7.96%
Return on Common Equity (ROCE)		 23.96% 18.90% 0.00% 0.59% 13.82%
Return on Equity Simple (ROE_SIMPLE)		 12.25% 9.38% 0.00% 0.32% 16.63%
Net Operating Profit after Tax (NOPAT)		 670 554 871 -39 832
NOPAT Margin		 4.46% 3.84% 5.37% -0.27% 5.89%
Net Nonoperating Expense Percent (NNEP)		 12.71% 12.60% 0.00% 20.87% -87.06%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -0.42% 10.55%
Cost of Revenue to Revenue		 88.19% 87.84% 90.77% 93.93% 86.58%
SG&A Expenses to Revenue		 6.00% 6.74% 4.98% 7.17% 5.94%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 5.62% 6.66% 2.33% 6.45% 5.52%
Earnings before Interest and Taxes (EBIT)		 932 794 1,135 -53 1,127
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 932 794 1,575 374 1,466
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.07 0.09
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.12 0.18
Price to Revenue (P/Rev)		 0.00 0.00 0.03 0.04 0.04
Price to Earnings (P/E)		 0.00 0.00 0.60 30.69 0.55
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1,637,032.68% 1,404,768.91% 166.75% 3.26% 182.66%
Enterprise Value to Invested Capital (EV/IC)		 0.29 0.24 0.00 0.29 0.24
Enterprise Value to Revenue (EV/Rev)		 0.12 0.10 0.00 0.14 0.12
Enterprise Value to EBITDA (EV/EBITDA)		 1.98 1.88 0.00 5.31 1.13
Enterprise Value to EBIT (EV/EBIT)		 1.98 1.88 0.00 0.00 1.47
Enterprise Value to NOPAT (EV/NOPAT)		 2.75 2.70 0.00 0.00 1.99
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 1.92 1.46
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 2.40 0.00 0.00 2.21
Leverage & Solvency		 - - - - -
Debt to Equity		 0.59 0.94 0.00 0.28 0.34
Long-Term Debt to Equity		 0.58 0.93 0.00 0.27 0.33
Financial Leverage		 0.39 0.34 0.00 -0.08 0.02
Leverage Ratio		 2.21 2.12 0.00 1.78 1.80
Compound Leverage Factor		 1.83 1.73 0.00 4.33 1.69
Debt to Total Capital		 37.26% 63.89% 0.00% 21.87% 25.35%
Short-Term Debt to Total Capital		 0.66% 0.85% 0.00% 0.94% 0.73%
Long-Term Debt to Total Capital		 36.61% 63.04% 0.00% 20.93% 24.63%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.69% 1.52% 0.00% 2.57% 2.77%
Common Equity to Total Capital		 62.04% 134.59% 0.00% 75.55% 71.87%
Debt to EBITDA		 2.93 2.88 0.00 5.60 1.40
Net Debt to EBITDA		 1.93 3.69 0.00 3.26 0.62
Long-Term Debt to EBITDA		 2.88 5.78 0.00 5.36 1.36
Debt to NOPAT		 4.07 8.26 0.00 -53.47 2.47
Net Debt to NOPAT		 2.68 5.20 0.00 -31.07 1.10
Long-Term Debt to NOPAT		 4.00 8.15 0.00 -51.17 2.40
Altman Z-Score		 2.14 2.13 0.00 1.74 2.35
Noncontrolling Interest Sharing Ratio		 1.10% 1.11% 0.00% 3.30% 3.48%
Liquidity Ratios		 - - - - -
Current Ratio		 2.55 4.84 0.00 2.01 2.46
Quick Ratio		 0.88 1.90 0.00 0.52 0.88
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 -5,714 623 0.00 -6,930 752
Operating Cash Flow to CapEx		 0.00% 0.00% 156.67% 771.64% 452.99%
Free Cash Flow to Firm to Interest Expense		 -35.85 5.15 0.00 -91.19 11.40
Operating Cash Flow to Interest Expense		 0.00 0.00 5.94 13.61 17.23
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 2.15 11.84 13.42
Efficiency Ratios		 - - - - -
Asset Turnover		 2.97 1.44 0.00 1.10 1.16
Accounts Receivable Turnover		 0.00 17.78 0.00 25.37 24.92
Inventory Turnover		 0.00 5.89 0.00 5.42 4.95
Fixed Asset Turnover		 0.00 5.14 0.00 4.37 4.34
Accounts Payable Turnover		 0.00 18.64 0.00 17.43 15.64
Days Sales Outstanding (DSO)		 0.00 20.53 0.00 14.39 14.65
Days Inventory Outstanding (DIO)		 0.00 61.97 0.00 67.31 73.75
Days Payable Outstanding (DPO)		 0.00 19.59 0.00 20.94 23.34
Cash Conversion Cycle (CCC)		 0.00 62.91 0.00 60.76 65.06
Capital & Investment Metrics		 - - - - -
Invested Capital		 6,384 6,316 0.00 6,891 6,971
Invested Capital Turnover		 4.71 2.27 0.00 4.25 2.04
Increase / (Decrease) in Invested Capital		 6,384 -68 0.00 6,891 80
Enterprise Value (EV)		 1,846 1,495 0.00 1,986 1,660
Market Capitalization		 0.03 0.03 522 522 522
Book Value per Share		 $4,539,500.00 $4,820,500.00 $0.00 $7,240,000.00 $5,834,000.00
Tangible Book Value per Share		 $1,532,400.00 $1,835,300.00 $0.00 $4,339,000.00 $2,955,000.00
Total Capital		 7,317 7,163 0.00 9,583 8,117
Total Debt		 2,727 2,288 0.00 2,096 2,058
Total Long-Term Debt		 2,679 2,258 0.00 2,006 1,999
Net Debt		 1,795 1,441 0.00 1,218 913
Capital Expenditures (CapEx)		 0.00 0.00 330 134 251
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,895 1,522 0.00 1,874 1,612
Debt-free Net Working Capital (DFNWC)		 2,329 2,227 0.00 2,561 2,555
Net Working Capital (NWC)		 2,280 2,196 0.00 2,471 2,496
Net Nonoperating Expense (NNE)		 114 102 -10 -62 -138
Net Nonoperating Obligations (NNO)		 1,794 1,441 0.00 -596 912
Total Depreciation and Amortization (D&A)		 0.00 0.00 440 427 339
Debt-free, Cash-free Net Working Capital to Revenue		 12.61% 10.54% 0.00% 12.80% 11.40%
Debt-free Net Working Capital to Revenue		 15.49% 30.84% 0.00% 17.49% 18.07%
Net Working Capital to Revenue		 15.17% 30.42% 0.00% 16.88% 17.65%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $2.51
Adjusted Weighted Average Basic Shares Outstanding		 1K 1K 0.00 0.00 380.07M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $2.51
Adjusted Weighted Average Diluted Shares Outstanding		 1K 1K 0.00 0.00 380.07M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1K 1K 0.00 0.00 393.11M
Normalized Net Operating Profit after Tax (NOPAT)		 670 554 871 -39 832
Normalized NOPAT Margin		 4.46% 3.84% 5.37% -0.27% 5.89%
Pre Tax Income Margin		 5.14% 4.49% 6.46% -0.88% 7.50%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 5.84 6.56 13.05 -0.70 17.08
NOPAT to Interest Expense		 4.20 9.16 10.01 -0.52 12.61
EBIT Less CapEx to Interest Expense		 5.84 6.56 9.25 -2.46 13.27
NOPAT Less CapEx to Interest Expense		 4.20 9.16 6.21 -2.28 8.81
Payout Ratios		 - - - - -
Dividend Payout Ratio		 0.00% 0.00% 62.54% 1,413.04% 29.90%
Augmented Payout Ratio		 0.00% 0.00% 62.54% 1,478.26% 29.90%

Quarterly Metrics and Ratios for Smithfield Foods

No quarterly metrics and ratios for Smithfield Foods are available.

Frequently Asked Questions About Smithfield Foods' Financials

When does Smithfield Foods's fiscal year end?

According to the most recent income statement we have on file, Smithfield Foods' financial year ends in December. Their financial year 2024 ended on December 29, 2024.

How has Smithfield Foods' net income changed over the last 4 years?

Smithfield Foods' net income appears to be on an upward trend, with a most recent value of $970 million in 2024, rising from $556.10 million in 2014. The previous period was $23 million in 2023.

What is Smithfield Foods's operating income?
Smithfield Foods's total operating income in 2024 was $1.12 billion, based on the following breakdown:
  • Total Gross Profit: $1.90 billion
  • Total Operating Expenses: $780 million
How has Smithfield Foods revenue changed over the last 4 years?

Over the last 4 years, Smithfield Foods' total revenue changed from $15.03 billion in 2014 to $14.14 billion in 2024, a change of -5.9%.

How much debt does Smithfield Foods have?

Smithfield Foods' total liabilities were at $5.00 billion at the end of 2024, a 14.3% decrease from 2023, and a 9.8% decrease since 2014.

How much cash does Smithfield Foods have?

In the past 3 years, Smithfield Foods' cash and equivalents has ranged from $433.50 million in 2014 to $943 million in 2024, and is currently $943 million as of their latest financial filing in 2024.

How has Smithfield Foods' book value per share changed over the last 4 years?

Over the last 4 years, Smithfield Foods' book value per share changed from 4,539,500.00 in 2014 to 5,834,000.00 in 2024, a change of 28.5%.


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This page (NASDAQ:SFD) was last updated on 4/25/2025 by MarketBeat.com Staff
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