Smithfield Foods, Inc. (SFD)
Nasdaq: SFD · Meat Packing Plants · Smithfield, VA · filing with the SEC since 1994
Income statement, as filed
In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in January.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2015 | FY 2014 | FY 2013 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|
| Period ending | Dec 28, 2025 | Dec 29, 2024 | Dec 31, 2023 | Jan 1, 2023 | Jan 3, 2016 | Dec 28, 2014 | Dec 29, 2013 | Apr 28, 2013 | Apr 29, 2012 | May 1, 2011 |
| Report filed | Mar 24, 2026 | Mar 25, 2025 | · | · | · | · | · | · | · | · |
| Revenue | 15,531.0 | 14,142.0 | 14,640.0 | 16,199.0 | 14,438.4 | 15,031.3 | 13,896.1 | 13,221.1 | 13,094.3 | 12,202.7 |
| Cost of revenue | 13,442.0 | 12,244.0 | 13,751.0 | 14,704.0 | · | · | · | 11,901.4 | 11,544.9 | 10,488.6 |
| Gross profit | 2,089.0 | 1,897.0 | 889.0 | 1,495.0 | 1,755.4 | 1,775.6 | 1,205.0 | 1,319.7 | 1,549.4 | 1,714.1 |
| Research and development | 214.0 | 144.0 | 175.0 | 157.0 | · | · | · | 80.9 | 75.9 | 47.0 |
| Selling, general and administrative | 849.0 | 840.0 | 1,050.0 | 807.0 | · | · | · | 815.4 | 816.9 | 789.8 |
| Total costs and expenses | 13,442.0 | 12,244.0 | 13,751.0 | 14,704.0 | · | · | · | · | · | · |
| Operating income | 1,292.0 | 1,118.0 | -56.0 | 1,117.0 | 793.8 | 931.6 | 338.5 | 519.3 | 722.6 | 1,095.0 |
| Interest expense | 41.0 | 66.0 | 76.0 | 87.0 | · | · | · | 168.7 | 176.7 | 245.4 |
| Share of profit of equity-method investments | 12.0 | 8.0 | -46.0 | -6.0 | · | · | · | 15.0 | -9.9 | 50.1 |
| Other income (expense), net | 1.0 | 2.0 | 1.0r | -1.0 | · | · | · | · | · | · |
| Total non-operating income (expense) | 18.0 | 9.0 | 3.0 | -18.0 | · | · | · | · | · | -92.5 |
| Income before income taxes | 1,270.0 | 1,061.0 | -129.0 | 1,047.0 | · | · | · | · | · | · |
| Income tax expense | 283.0 | 271.0 | -41.0 | 231.0 | · | · | · | 46.1 | 172.4 | 236.1 |
| Income from continuing operations | 987.0 | 783.0 | -138.0 | 800.0 | · | · | · | · | · | 521.0 |
| Income from discontinued operations | 0.0 | 172.0 | 155.0 | 70.0 | · | · | · | · | · | 0.0 |
| Net income including non-controlling interests | 998.0 | 970.0 | 23.0 | 881.0 | · | · | · | 184.2 | 360.5 | 519.1r |
| Net income to non-controlling interests | 11.0 | 17.0 | 5.0 | 11.0 | · | · | · | · | · | -1.9 |
| Net income | 987.0 | 953.0 | 17.0 | 870.0 | 452.3 | 556.1 | 120.7 | 183.8 | 361.3 | 521.0 |
| Earnings per share, basic | 2.52 | 2.51 | 0.05 | 2.29 | · | · | · | 1.26 | 2.23 | 3.14 |
| Earnings per share, diluted | 2.51 | 2.51 | 0.05 | 2.29 | · | · | · | 1.26 | 2.21 | 3.12 |
| Weighted average shares, basic | 392,037,699 | 380,069,232 | 380,069,232 | 380,069,232 | · | · | · | 145,500,000 | 162,300,000 | 166,000,000 |
| Weighted average shares, diluted | 392,701,169 | 380,069,232 | 380,069,232 | 380,069,232 | · | · | · | 146,400,000 | 163,500,000 | 167,200,000 |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueGoodsNetCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfRevenue
us-gaap:CostOfGoodsSoldGross profit revenue less the cost of what it sold
us-gaap:GrossProfitResearch and development spent on inventing what it sells next
us-gaap:ResearchAndDevelopmentExpenseSelling, general and administrative the cost of selling and of running the company
us-gaap:SellingGeneralAndAdministrativeExpenseTotal costs and expenses every operating cost, the cost of revenue included
us-gaap:CostsAndExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest expense what its borrowing cost
us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpenseShare of profit of equity-method investments its share of companies it partly owns
us-gaap:IncomeLossFromEquityMethodInvestmentsOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseTotal non-operating income (expense) everything outside the business, together
us-gaap:NonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitIncome from continuing operations profit from the businesses it keeps
us-gaap:IncomeLossFromContinuingOperationsIncome from discontinued operations profit or loss from businesses it sold or closed
us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossNet income to non-controlling interests the share that belongs to minority holders
us-gaap:NetIncomeLossAttributableToNoncontrollingInterestNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding