Tyson Foods
TSN on NYSE. Tyson Foods sells chicken, beef, pork and prepared foods to grocery stores and restaurants. Market value $17.4bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to September 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 $6.26 of spare cash in the past 12 months. A savings account pays about $4.
You pay 20.5 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 4 cents a year. Above 10 is good.
Quality score: 64 of 100. Price score: 68 of 100. Our list needs 70 on quality and 60 on price.
$51.97 a share, 4% above its 1-year low
Over the past year the price has ranged from $49.96 to $69.48.
Dividend: 3.8% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $47.0bn | $53.3bn | $52.9bn | $53.3bn | $54.4bn |
| Operating margin | |||||
| Operating margin | 9.3% | 8.3% | -0.7% | 2.6% | 2.0% |
| Debt to equity | |||||
| Debt to equity | 0.53 | 0.42 | 0.52 | 0.53 | 0.49 |
| Shares outstanding | |||||
| Shares outstanding | 0.36bn | 0.36bn | 0.28bn | 0.36bn | 0.36bn |
Health checks
- Free cash flow positive4 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)6 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- Debt0.49× equity
- Revenue growth, five yearsSlow, 4.8% a year
- Buying back its own sharesYes, 2% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $13.9 billion last quarter, about the same as a year ago.
- Profit: $182 million, up 198% on a year ago.
- It keeps 2 cents of each $1 of sales as operating profit, down from 3 cents a year earlier.
- Spare cash over the past 12 months: $1.2 billion, down from $1.3 billion.
- 1% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $7.3 billion more than cash, down from $7.5 billion a year ago.
- Sales grew on a year ago in 3 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $13.6bn |
| December 2024 | $13.6bn |
| March 2025 | $13.1bn |
| June 2025 | $13.9bn |
| September 2025 | $13.9bn |
| December 2025 | $14.3bn |
| March 2026 | $13.7bn |
| June 2026 | $13.9bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $357m |
| December 2024 | $359m |
| March 2025 | $7m |
| June 2025 | $61m |
| September 2025 | $47m |
| December 2025 | $85m |
| March 2026 | $260m |
| June 2026 | $182m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 9 November 2026
- Last annual report (10-K)
- 10 November 2025
- Next quarterly (estimated, 10-Q)
- 2 November 2026
Who owns it
9 long-term investors we follow own it, down from 11 last quarter. 873 funds in all.
- Pzena Investment ManagementRichard Pzena
- Value
- $974m
- Share of fund
- 2.9%
- Gotham Asset ManagementJoel Greenblatt
- Value
- $40m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Pzena Investment ManagementRichard Pzena | $974m | 2.9% | |
| Davis Selected AdvisersChris Davis | $724m | 3.1% | Cut |
| Yacktman Asset ManagementStephen Yacktman | $148m | 1.8% | Added |
| Markel GroupTom Gayner | $52m | 0.4% | Added |
| Gotham Asset ManagementJoel Greenblatt | $40m | <0.1% | |
| Matrix Asset AdvisorsDavid Katz | $28m | 2.3% | Added |
| Polaris Capital ManagementBernard Horn | $17m | 1.6% | Cut |
| Barrow HanleyBarrow Hanley team | $13m | <0.1% | Cut |
| Brandes Investment PartnersCharles Brandes | $3m | <0.1% | Added |
Sold out this quarter
- GMOJeremy GranthamSold out
- Tweedy, BrowneTweedy Browne partnersSold out
Largest holders overall
- BlackRock$1.5bnAdded
- Vanguard Capital Management$1.1bn
- Pzena Investment Management$974m
- Vanguard Portfolio Management$889m
- State Street$839mAdded
- Davis Selected Advisers$724mCut
- AQR Capital Management$469mCut
- Geode Capital Management$440m
- Invesco$316mCut
- Northern Trust$275mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
6 investors own more than 5%.
- TYSON LIMITED PARTNERSHIP100.0%Since 13 February 2026
What they said
There has been no acquisition of securities of the Company by the Partnership. This Statement is being filed to reflect the identities of the current trustees of the Donald J. Tyson Revocable Trust as of the date hereof. The Partnership currently has no plans to acquire or…
Read the filing - BlackRock, Inc.Passive investor8.7%−1.4 ptsSince 31 March 2025
- Vanguard Capital ManagementPassive investor7.5%Since 31 March 2026
- Pzena Investment ManagementPassive investor5.5%Since 31 December 2025
- Vanguard Portfolio ManagementPassive investor5.5%Since 31 March 2026
- STATE STREET CORPORATIONPassive investor5.1%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
TYSON LIMITED PARTNERSHIP | 100.0% | 13 February 2026 | What they saidThere has been no acquisition of securities of the Company by the Partnership. This Statement is being filed to reflect the identities of the current trustees of the Donald J. Tyson Revocable Trust as of the date hereof. The Partnership currently has no plans to acquire or… Read the filing |
BlackRock, Inc. Passive investor | 8.7%−1.4 pts | 31 March 2025 | |
Vanguard Capital Management Passive investor | 7.5% | 31 March 2026 | |
Pzena Investment Management Passive investor | 5.5% | 31 December 2025 | |
Vanguard Portfolio Management Passive investor | 5.5% | 31 March 2026 | |
STATE STREET CORPORATION Passive investor | 5.1% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $1m of shares on the open market. 2 sold $6m.
- Schomburger Jeffrey KPresident & CEO Elect, DirectorBought
- Date
- 4 September 2026
- Shares
- 19,450
- Price
- $51.50
- Value
- $1m
- TYSON JOHN HChairman of the Board, DirectorSold
- Date
- 28 November 2025
- Shares
- 100,301
- Price
- $58.05
- Value
- $6m
- Calaway CurtChief Financial OfficerSold
- Date
- 25 November 2025
- Shares
- 6,539
- Price
- $57.19
- Value
- $373,965
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 4 September 2026 | Schomburger Jeffrey K President & CEO Elect, Director | Bought | 19,450 | $51.50 | $1m |
| 28 November 2025 | TYSON JOHN H Chairman of the Board, Director | Sold | 100,301 | $58.05 | $6m |
| 25 November 2025 | Calaway Curt Chief Financial Officer | Sold | 6,539 | $57.19 | $373,965 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
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.