Tyson Foods, Inc.

TSN

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

9/27/2025

Revenue

54,441

Cost of Revenue

50,879

Gross Profit

3,562

Gross Margin

6.5%

Operating Income

1,441

Operating Margin

2.6%

Net Income

474

Net Margin

0.9%

EPS (Basic)

$1.37

EPS (Diluted)

$1.33

EBITDA

2,579

EBITDA Margin

4.7%

2024

9/30/2024

Revenue

53,309

Cost of Revenue

49,682

Gross Profit

3,627

Gross Margin

6.8%

Operating Income

1,409

Operating Margin

2.6%

Net Income

800

Net Margin

1.5%

EPS (Basic)

$2.31

EPS (Diluted)

$2.25

EBITDA

2,973

EBITDA Margin

5.6%

2023

9/30/2023

Revenue

52,881

Cost of Revenue

50,250

Gross Profit

2,631

Gross Margin

5.0%

Operating Income

-395

Operating Margin

-0.7%

Net Income

-648

Net Margin

-1.2%

EPS (Basic)

$-1.87

EPS (Diluted)

$-1.87

EBITDA

1,016

EBITDA Margin

1.9%

2022

9/30/2022

Revenue

53,282

Cost of Revenue

46,614

Gross Profit

6,668

Gross Margin

12.5%

Operating Income

4,410

Operating Margin

8.3%

Net Income

3,238

Net Margin

6.1%

EPS (Basic)

$9.18

EPS (Diluted)

$8.92

EBITDA

5,716

EBITDA Margin

10.7%

2021

9/30/2021

Revenue

47,049

Cost of Revenue

40,523

Gross Profit

6,526

Gross Margin

13.9%

Operating Income

4,396

Operating Margin

9.3%

Net Income

3,047

Net Margin

6.5%

EPS (Basic)

$8.57

EPS (Diluted)

$8.34

EBITDA

5,683

EBITDA Margin

12.1%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	54,441	53,309	52,881	53,282	47,049
Cost of Revenue	50,879	49,682	50,250	46,614	40,523
Gross Profit	3,562	3,627	2,631	6,668	6,526
Gross Margin	6.5%	6.8%	5.0%	12.5%	13.9%
Operating Income	1,441	1,409	-395	4,410	4,396
Operating Margin	2.6%	2.6%	-0.7%	8.3%	9.3%
Net Income	474	800	-648	3,238	3,047
Net Margin	0.9%	1.5%	-1.2%	6.1%	6.5%
EPS (Basic)	$1.37	$2.31	$-1.87	$9.18	$8.57
EPS (Diluted)	$1.33	$2.25	$-1.87	$8.92	$8.34
EBITDA	2,579	2,973	1,016	5,716	5,683
EBITDA Margin	4.7%	5.6%	1.9%	10.7%	12.1%