Smithfield Foods
SFD on Nasdaq. Smithfield Foods sells packaged meats to households and consumers. Market value $7.4bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Everyday goods stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $10.91 of spare cash in the past 12 months. A savings account pays about $4.
You pay 6.0 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 13 cents a year. Above 10 is good.
Quality score: 64 of 100. Price score: 100 of 100. Our list needs 70 on quality and 60 on price.
$18.78 a share, at its 1-year low
Over the past year the price has ranged from $18.50 to $29.81.
Dividend: 5.4% a year
Paid every year for 2 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $13.2bn | $14.4bn | n/a | $14.1bn | $15.5bn |
| Operating margin | |||||
| Operating margin | 3.9% | 5.5% | n/a | 7.9% | 8.3% |
| Debt to equity | |||||
| Debt to equity | 0.80 | n/a | n/a | 0.34 | 0.29 |
| Shares outstanding | |||||
| Shares outstanding | 0.00bn | 0.00bn | n/a | 0.39bn | 0.39bn |
Health checks
- Free cash flow positive2 of 3 years
- Accounting looks honest (Beneish)Watch
- Financial strength (Piotroski)6 of 9
- Profit backed by cash (accruals)Yes
- Debt0.29× equity
- Revenue growth, five yearsSlow, 1.3% a year
- Buying back its own sharesNo, 39376643% more shares since 2013
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $3.7 billion last quarter, down 2% on a year ago.
- Profit: $238 million, up 27% on a year ago.
- It keeps 9 cents of each $1 of sales as operating profit, up from 8 cents a year earlier.
- Spare cash over the past 12 months: $807 million, up from $698 million.
- 1% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $654 million more than cash, down from $1.1 billion a year ago.
| Quarter to | Amount |
|---|---|
| December 2016 | Not reported |
| December 2024 | Not reported |
| March 2025 | $3.8bn |
| June 2025 | $3.8bn |
| September 2025 | $3.7bn |
| December 2025 | $4.2bn |
| March 2026 | $3.8bn |
| June 2026 | $3.7bn |
| Quarter to | Amount |
|---|---|
| December 2016 | Not reported |
| December 2024 | Not reported |
| March 2025 | $224m |
| June 2025 | $188m |
| September 2025 | $248m |
| December 2025 | $327m |
| March 2026 | $246m |
| June 2026 | $238m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 24 March 2026
- Next quarterly (estimated, 10-Q)
- 10 November 2026
Who owns it
2 long-term investors we follow own it, down from 3 last quarter. 283 funds in all.
- Gotham Asset ManagementJoel Greenblatt
- Value
- $25m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| LSV Asset ManagementJosef Lakonishok | $173m | 0.3% | Added |
| Gotham Asset ManagementJoel Greenblatt | $25m | <0.1% |
Sold out this quarter
- GMOJeremy GranthamSold out
Largest holders overall
- LSV Asset Management$173mAdded
- TWO Sigma Investments, LP$103m
- AQR Capital Management$100mAdded
- FMR$71m
- Goldman Sachs Group$55mAdded
- Dimensional Fund Advisors LP$41mAdded
- Assenagon Asset Management$38mNew
- BlackRock$33mCut
- Qube Research & Technologies$30mCut
- UBS Group AG$28mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- WH Group LimitedPassive investor92.7%Since 31 March 2025
- WH Group LimitedPassive investor87.0%Since 30 September 2025
| Holder | Stake | Since | |
|---|---|---|---|
WH Group Limited Passive investor | 92.7% | 31 March 2025 | |
WH Group Limited Passive investor | 87.0% | 30 September 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 3 sold $4m.
- France StevenPresident, Packaged MeatsSold
- Date
- 16 June 2026
- Shares
- 82,825
- Price
- $26.82
- Value
- $2m
- Starling Raymond ADirectorSold
- Date
- 12 June 2026
- Shares
- 3,960
- Price
- $26.78
- Value
- $106,049
- Hall Mark L.Chief Financial OfficerSold
- Date
- 9 June 2026
- Shares
- 78,579
- Price
- $26.36
- Value
- $2m
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 16 June 2026 | France Steven President, Packaged Meats | Sold | 82,825 | $26.82 | $2m |
| 12 June 2026 | Starling Raymond A Director | Sold | 3,960 | $26.78 | $106,049 |
| 9 June 2026 | Hall Mark L. Chief Financial Officer | Sold | 78,579 | $26.36 | $2m |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- Sales have barely grown: 1.3% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.