Filing Flows › Smithfield Foods (SFD) › Q4 2025
Smithfield Foods (SFD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 24, 2026
Smithfield Foods (SFD) reported revenue of $4.2B for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +13% from the quarter before. Operating margin was 9.5%, net earnings $327M (7.7% of revenue).
Smithfield Foods, Q4 2025: revenue $4.2B (+7% year over year), operating margin 9.5%, net earnings $327M, operating cash flow $938M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | +13% | +7% |
| Gross profit | $602M | +26% | +13% |
| Operating profit | $400M | +29% | +19% |
| Net earnings | $327M | +32% | +60% |
| Operating cash flow | $938M | 72× | +37% |
| Free cash flow | $843M | — | +40% |
What changed
Revenue was $4.2B in Q4 2025, up 7% year over year and up 13% from the previous quarter. Packaged Meats was the largest line at 61% of revenue.
Gross margin was 14.2%, up 0.8 points from a year earlier. Operating profit was $0.40B, a 9.5% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 8% margin then. Operating expenses grew 2% against revenue growth of 7%. Net earnings were $0.33B, up 60% year over year. The effective tax rate was 19.1%.
Operating cash flow was $0.94B (up 37% year over year), 283% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization. Working capital and other items added $0.52B. Capital expenditures of $0.10B left free cash flow of $0.84B.
Questions
What was Smithfield Foods' revenue in the fourth quarter 2025?
Smithfield Foods (SFD) reported revenue of $4.2B for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +13% from the quarter before.
Was Smithfield Foods profitable in the fourth quarter 2025?
Operating profit was $400M (9.5% of revenue) and net earnings $327M.
Source: Smithfield Foods 10-K on SEC EDGAR.