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Tyson Foods cash flow, quarter by quarter

Latest: Q3 FY26 · from the cash-flow statements filed with the SEC

Free cash flow$481M in Q3 FY26 · $1.2B over twelve months

Operating cash flow$640M
Capital spending−$159M
Free cash flow+$481M
Cash / net income3.4×
Cash conversion cycle37 days

Analysis

In Q3 FY26, Tyson Foods generated $640M of operating cash flow and spent $159M on capital projects, leaving free cash flow of $481M.

Over the twelve months to Jun 27, 2026, operating cash flow was $2.0B; the largest uses were net borrowing (+) / repaid (−) ($1.1B), capital spending ($843M), dividends ($702M); besides operations, cash came from other investing ($119M), asset & business sales ($44.0M); the cash balance fell by $807M.

Operating cash flow was $640M against net income of $186M — 3.4× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$329M, other non-cash +$37.0M, deferred taxes +$22.0M.

Its cash conversion cycle was 37 days (receivables 16 + inventory 40 − payables 18).

Free cash flow

Tyson Foods: free cash flow by quarterTyson Foods: free cash flow by quarter$369MQ4 FY24$760MQ1 FY25−$378MQ2 FY25$547MQ3 FY25$248MQ4 FY25$690MQ1 FY26−$258MQ2 FY26$481MQ3 FY26
Operating cash flow less capital spending.
Tyson Foods: operating cash flow against capital spendingTyson Foods: operating cash flow against capital spendingOperating cash flowCapital spending$617M$248MQ4 FY24$1.0B$271MQ1 FY25−$185M$193MQ2 FY25$774M$227MQ3 FY25$535M$287MQ4 FY25$942M$252MQ1 FY26−$113M$145MQ2 FY26$640M$159MQ3 FY26
Latest (Q3 FY26): Operating cash flow $640M, Capital spending $159M.

Capital allocation, year by year

Tyson Foods: where the cash came from (up) and went (down), by fiscal yearTyson Foods: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsDividendsFY21: Operating cash flow $3.8BFY21: Net borrowing −$2.0BFY21: Shares issued $41.0MFY21: Asset sales $1.2BFY21: Capital spending −$1.2BFY21: Dividends −$636M$5.1BFY21FY22: Operating cash flow $2.7BFY22: Net borrowing −$1.2BFY22: Shares issued $126MFY22: Capital spending −$1.9BFY22: Dividends −$653M$2.8BFY22FY23: Operating cash flow $1.8BFY23: Net borrowing $1.1BFY23: Shares issued $11.0MFY23: Capital spending −$1.9BFY23: Acquisitions −$262MFY23: Dividends −$670M$2.8BFY23FY24: Operating cash flow $2.6BFY24: Net borrowing $132MFY24: Shares issued $14.0MFY24: Asset sales $174MFY24: Capital spending −$1.1BFY24: Dividends −$684M$2.9BFY24FY25: Operating cash flow $2.2BFY25: Net borrowing −$1.2BFY25: Shares issued $21.0MFY25: Asset sales $252MFY25: Capital spending −$978MFY25: Dividends −$697M$2.4BFY25
Over these 5 years operating cash flow totalled $13.0B; the largest uses were capital spending ($7.1B) and net borrowing ($4.4B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$740M
Debt$8.0B
Net debt$7.3B
Due within a year$909M

Tyson Foods funds itself: free cash flow was $1.2B over the last twelve months, and $740M of cash and investments stands against $8.0B of debt ($909M due within a year, 0.8× covered by cash).

Tyson Foods: debt maturities by year (FY25)Tyson Foods: debt maturities by year (FY25)$909MYear 1$1.4BYear 2$499MYear 3$1.6BYear 4$22.0MYear 5
Principal due in each year as disclosed in the annual report, against $740M of cash and investments now.

Where the cash came from and went

Tyson Foods: sources (+) and uses (−) of cash, Q3 FY26Tyson Foods: sources (+) and uses (−) of cash, Q3 FY26Operating cash flow$640MCash drawn (+) / kept (−)−$240MDividends−$176MCapital spending−$159MNet borrowing (+) / repaid (−)−$119MOther investing$38.0MShares issued$11.0MOther financing$5.0M
Tyson Foods: sources (+) and uses (−) of cash, TTM to Q3 FY26Tyson Foods: sources (+) and uses (−) of cash, TTM to Q3 FY26Operating cash flow$2.0BNet borrowing (+) / repaid (−)−$1.1BCapital spending−$843MCash drawn (+) / kept (−)$807MDividends−$702MOther financing−$326MOther investing$119MAsset & business sales$44.0MShares issued$27.0MExchange rates$15.0M

From profit to cash

Tyson Foods: net income to operating cash flow, Q3 FY26Tyson Foods: net income to operating cash flow, Q3 FY26Net income$186MDepreciation & amortization$329MDeferred taxes$22.0MOther non-cash$37.0MOperating cash flow$640M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 FY2616401837
Q2 FY2616391937
Q1 FY2616371835
Q4 FY2516391738
Q3 FY2516391738
Q2 FY2516381837
Q1 FY2516371835
Q4 FY2416371736

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 FY26$640M−$159M−$176M−$119M$11.0M−$240M$481M
Q2 FY26−$113M−$145M−$176M−$326M$9.0M$778M−$258M
Q1 FY26$942M−$252M−$177M−$486M$6.0M−$49.0M$690M
Q4 FY25$535M−$287M−$173M−$274M$1.0M$318M$248M
Q3 FY25$774M−$227M−$175M−$28.0M$1.0M−$555M$547M
Q2 FY25−$185M−$193M−$174M−$765M$4.0M$1.3B−$378M
Q1 FY25$1.0B−$271M−$175M−$20.0M$15.0M−$575M$760M
Q4 FY24$617M−$248M−$171M−$1.3B$5.0M$852M$369M

Tyson Foods: income statement and cash flow

Tyson Foods, Q3 FY26: revenue $13.9B (-0.1% year over year), operating margin 2.6%. The chart follows the revenue to costs, profit and cash.

Tyson Foods: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.