Smithfield Foods Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2016 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.53B | $14.14B | $14.64B | $14.44B | $15.03B | $13.90B | $13.09B | $12.20B |
| Cost of Revenue | $13.44B | $12.24B | $13.75B | — | — | $11.90B | $11.54B | $10.49B |
| Gross Profit | $2.09B | $1.90B | $889.0M | $1.76B | $1.78B | $1.21B | $1.55B | $1.71B |
| Gross Margin | 13.5% | 13.4% | 6.1% | 12.2% | 11.8% | 8.7% | 11.8% | 14.0% |
| Operating Expenses | ||||||||
| Research & Development | $214.0M | $144.0M | $175.0M | — | — | $80.9M | $75.9M | $47.0M |
| SG&A Expense | $849.0M | $840.0M | $1.05B | — | — | $815.4M | $816.9M | $789.8M |
| Operating Income | $1.29B | $1.12B | $-56.0M | $793.8M | $931.6M | $338.5M | $722.6M | $1.10B |
| Operating Margin | 8.3% | 7.9% | -0.4% | 5.5% | 6.2% | 2.4% | 5.5% | 9.0% |
| Interest Expense | — | — | — | — | — | $168.7M | $176.7M | $245.4M |
| Pretax Income | $1.27B | $1.06B | $-129.0M | — | — | — | — | — |
| Income Tax Expense | $283.0M | $271.0M | $-41.0M | — | — | $46.1M | $172.4M | $236.1M |
| Net Income | $987.0M | $953.0M | $17.0M | $452.3M | $556.1M | $120.7M | $361.3M | $521.0M |
| Net Margin | 6.4% | 6.7% | 0.1% | 3.1% | 3.7% | 0.9% | 2.8% | 4.3% |
| EPS (Basic) | $2.52 | $2.51 | $0.05 | — | — | $1.26 | $2.23 | $3.14 |
| EPS (Diluted) | $2.51 | $2.51 | $0.05 | — | — | $1.26 | $2.21 | $3.12 |
| Shares Outstanding (Basic) | 392.0M | 380.1M | 380.1M | 1.0K | 1.0K | 145.5M | 162.3M | 166.0M |
| Shares Outstanding (Diluted) | 392.7M | 380.1M | 380.1M | 1.0K | 1.0K | 146.4M | 163.5M | 167.2M |
| Dividends Per Share | $1.00 | — | — | — | — | — | — | — |