Smithfield Foods
Makes packaged meats and fresh pork through an integrated hog production and processing chain.
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Profile
Processes hogs into packaged meats and fresh pork through three connected segments, supplying branded and private-label products. Operations are concentrated in the United States and Mexico after the European business transfer, while vertical integration links hog production to processing and WH Group retains control alongside a minority public float.
Processes hogs into packaged meats and fresh pork while raising animals through its Hog Production segment. The connected chain supplies branded and private-label products, with nearly all internally raised hogs moving into Fresh Pork.
Operations are concentrated in the United States and Mexico after the European business was transferred to WH Group. One Smithfield unifies acquired operations, brands, and employees under a common platform built around integration, cost discipline, and operating synergies.
Packaged Meats, Fresh Pork, and Hog Production remain linked by vertical integration and a shared operating platform. Collective-bargaining agreements cover a material share of employees, while environmental compliance has shaped the operating history. The Nasdaq-listed issuer remains controlled by WH Group, with only a minority public float following its 2025 IPO.
Company facts
Categories
Key statistics
Year to date −0.9% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 12, 2026 | Goldman Sachs | Reiterate | Buy | $32 | |
| Aug 12, 2026 | Barclays | Reiterate | Overweight | $32 | $31 |
| Apr 29, 2026 | Barclays | Reiterate | Overweight | $30 | $32 |
| Oct 16, 2025 | Morgan Stanley | Target | $30 | $29 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | $0.60 | $0.62 | +3.5% | $3.65B | $3.70B | +1.4% | −2.29% |
| Apr 28, 2026Q1 FY26 | $0.58 | $0.64 | +10.3% | $3.70B | $3.80B | +2.6% | −1.71% |
| Mar 24, 2026Q4 FY25 | $0.68 | $0.83 | +22.8% | $4.15B | $4.23B | +1.9% | +2.08% |
| Oct 28, 2025Q3 FY25 | $0.53 | $0.58 | +9.6% | $4.08B | $3.75B | −8.3% | −3.50% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.77B | $3.79B | $3.75B | $4.23B | $3.80B | $3.67B | |
| Gross profit | $510.0M | $499.0M | $479.0M | $602.0M | $511.0M | $443.0M | |
| Operating income | $321.0M | $260.0M | $307.0M | $441.0M | $333.0M | $256.0M | |
| Net income | $224.0M | $188.0M | $248.0M | $327.0M | $245.0M | $238.0M | |
| Diluted EPS | $0.58 | $0.48 | $0.63 | $0.83 | $0.62 | $0.60 | |
| Gross margin | 13.5% | 13.2% | 12.8% | 14.2% | 13.4% | 12.1% | |
| Operating margin | 8.5% | 6.9% | 8.2% | 10.4% | 8.8% | 7.0% |
Fiscal years (4-quarter sums)FY12 $13.11B · FY14 $15.03B · FY15 $14.44B · FY24 $14.14B · FY25 $15.53B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $1.35B · Total debt $2.40B · Total assets $12.01B · Shareholders' equity $7.00B
Dividends
Last raised to $0.3125 from $0.25 in Apr 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 13, 2026 | Aug 13 | Aug 27 | $0.3125 | |
| May 14, 2026 | May 14 | May 28 | $0.3125 | |
| Apr 7, 2026 | Apr 7 | Apr 21 | $0.3125 | raised from $0.25 |
| Nov 13, 2025 | Nov 13 | Nov 26 | $0.25 | |
| Aug 14, 2025 | Aug 14 | Aug 28 | $0.25 | |
| May 15, 2025 | May 15 | May 29 | $0.25 | |
| Apr 10, 2025 | Apr 10 | Apr 22 | $0.25 |
Ownership
Shares outstanding 393.48M · Float 24.90M · 6.3% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| WH Group Limited | 342.04M | 87.00% | 13G | Nov 12, 2025 |
| WH Group Ltd/ADR · 10 percent owner | 342.04M | 86.93% | Form 4 | Apr 8, 2025 |
| LSV Asset Management | 7.11M | 1.81% | 13F | Aug 6, 2026 |
| Long Wan · director | 5.06M | 1.29% | Form 4 | Sep 9, 2025 |
| Two Sigma Investments, LP | 4.24M | 1.08% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 16, 2026 | Steven France | officer: President, Packaged Meats | −82,825 | $26.82 |
| Jun 12, 2026 | Raymond A. Starling | director | −3,960 | $26.78 |
| Jun 9, 2026 | Mark L. Hall | officer: Chief Financial Officer | −78,579 | $26.36 |
| Sep 8, 2025 | Donovan Owens | officer: President, U.S. Fresh Pork | +12,000 | $23.25 |
| Sep 8, 2025 | Doug Sutton | officer: Chief Manufacturing Officer | +3,920 | $23.25 |
Peers
- Tyson Foods
Broad rival in U.S. fresh pork and prepared meats
- JBS
Scale competitor spanning U.S. pork, hogs, and prepared foods
- Hormel Foods
Branded packaged-meats rival in bacon and prepared proteins
- Seaboard
Vertically integrated rival in hog production and pork processing
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Smithfield Foods | $21.95 | +0.05% | $8.63B | 8.2 | 9.1 | 0.6 | −2.3% |
| Tyson Foods | $55.46 | +0.09% | $19.64B | 34.0 | 12.6 | 0.4 | −0.1% |
| JBS | $13.48 | −0.74% | $30.14B | 11.4 | 15.8 | 0.4 | +9.1% |
| Hormel Foods | $21.55 | −0.07% | $11.86B | 34.2 | 13.8 | 1.0 | −2.4% |
| Seaboard | $3,913.21 | +0.25% | $3.75B | 5.9 | — | 0.4 | +17.8% |
| Median | 22.7 | 13.8 | 0.4 | +4.5% |