TSN
Tyson Foods, Inc.
TSN's fundamentals are mixed, but it looks expensive: trading at 37x earnings, about three times its usual 13x. Analysts expect earnings growth.
TSN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Stable |
TSN's revenue, profitability, cash flow and balance sheet are all currently stable.
TSN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9x | $14.61 | -75% |
| Fair | 13x | $20.52 | -65% |
| Forward | 16x | $59.26 | — |
| Expensive | 37x | $59.31 | +0.1% |
| Current | 37x | $59.26 | — |
Historical ranges are pointers, not guarantees.
TSN's PE is in its expensive range at 37x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its fair range.
TSN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect TSN's earnings to grow, with its revenue and profitability holding steady.
TSN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.79 | +134% |
| Q2 2026 | $1.62 | -26% |
| Q1 2026 | $1.27 | -51% |
| Q4 2025 | $0.56 | -81% |
| Q3 2025 | $1.33 | -41% |
| Q2 2025 | $2.20 | +$2.24 |
| Q1 2025 | $2.57 | +$4.33 |
| Q4 2024 | $2.96 | +$5.41 |
| Q3 2024 | $2.25 | +$4.12 |
TSN's earnings per share have fallen from their peak: $1.62 over the past year, against $11.13 in mid-2022.
TSN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $13.9B | -0.1% |
| Q1 2026 | $13.7B | +4.4% |
| Q4 2025 | $14.3B | +5.1% |
| Q3 2025 | $13.9B | +2.2% |
| Q2 2025 | $13.9B | +4% |
| Q1 2025 | $13.1B | 0% |
| Q4 2024 | $13.6B | +2.3% |
| Q3 2024 | $13.6B | +1.6% |
TSN's revenue grew through 2022 and has held roughly level since: $13.9B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 2.6% | +0.7 points |
| Q1 2026 | 3.2% | +2.4 points |
| Q4 2025 | 2.1% | -2.1 points |
| Q3 2025 | 1.1% | -2.7 points |
| Q2 2025 | 1.9% | -0.7 points |
| Q1 2025 | 0.8% | -1.6 points |
| Q4 2024 | 4.3% | +2.5 points |
| Q3 2024 | 3.9% | +7.3 points |
TSN's operating margin was 2.6% last quarter, up 0.7 points from the same quarter a year ago.
TSN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $481M | -12% |
| Q1 2026 | -$258M | +$120M |
| Q4 2025 | $690M | -9.2% |
| Q3 2025 | $248M | -33% |
| Q2 2025 | $547M | +2.6% |
| Q1 2025 | -$378M | +$12M |
| Q4 2024 | $760M | -20% |
| Q3 2024 | $369M | +$421M |
TSN still generates free cash flow, though less than at its 2020 peak: $1.2B over the past year.
TSN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +1M shares |
| 1 year | -0.6% | -2M shares |
| 3 years | +0.3% | +1M shares |
| 5 years | -3% | -11M shares |
| Available history | -3% | -11M shares |
TSN has 355M diluted shares, down 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2021 | $17M |
| Q4 2020 | $17M |
| Q3 2020 | $7M |
| Q2 2020 | $4M |
| Q1 2020 | $64M |
| Q4 2019 | $132M |
| Q3 2019 | $27M |
TSN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.8x | Moderate |
| Q1 2026 | 3.0x | Elevated |
| Q4 2025 | 3.2x | Elevated |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 2.7x | Moderate |
| Q1 2025 | 2.8x | Moderate |
| Q4 2024 | 2.4x | Moderate |
| Q3 2024 | 2.9x | Moderate |
TSN's net debt is about 2.8 years of its operating earnings (EBITDA), about the same as a year ago.
TSN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.0 | Neutral |
| Stochastic | 73.2 | Neutral |
TSN's weekly RSI is 56 (neutral) and its Stochastic is 73 (neutral).
TSN PE vs Consumer Defensive Sector
| Metric | TSN | Sector median | Relative |
|---|---|---|---|
| PE | 37x | 19x | 88% above |
| PE % | 83 | 18 | 65 pts above |
TSN is trading at 37x earnings, a 88% premium to the Consumer Defensive sector's median of 19x.
TSN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $55.5 | 6.8% above |
| 20 week MA | $56.1 | 5.7% above |
| 50 week MA | $59.5 | 0.3% below |
| 100 week MA | $58.0 | 2.2% above |
| 200 week MA | $57.2 | 3.6% above |
TSN's trend is mixed: it's above four of its five weekly moving averages, and 3.6% above its 200-week average.
TSN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $91.4 | $64.8 | -29% |
| 2021 | $64.8 | $85.2 | +32% |
| 2022 | $85.2 | $61.4 | -28% |
| 2023 | $61.4 | $53.8 | -12% |
| 2024 | $53.8 | $58.0 | +7.9% |
| 2025 | $58.0 | $58.6 | +1% |
| 2026 YTD | $58.6 | $59.3 | +1.2% |
TSN has finished lower in three of the last six years. It's up 1.2% so far in 2026.