Smithfield Foods Inc (SFD) Financial Statements (2026 and earlier)

Company Profile

Business Address 200 COMMERCE STREET
SMITHFIELD, VA 23430
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 2011 - Meat Packing Plants (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2015
12/31/2014
4/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments     311
Cash and cash equivalent     311
Receivables1,02355893669
Inventory, net of allowances, customer advances and progress billings2,3282,412  2,348
Inventory2,3282,412  2,348
Contract with customer, asset, after allowance for credit loss  ✕✕✕
Prepaid expense and other current assets✕✕✕✕✕230
Income taxes receivable✕✕✕✕✕79
Deferred tax assets✕✕✕  20
Other undisclosed current assets1,8151,232  (105)
Total current assets:5,1664,202933,552
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 2022✕✕✕
Operating lease, right-of-use asset387335✕✕✕
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization3,2063,15430 2,298
Long-term investments and receivables209202143 532
Long-term investments209202143 532
Intangible asset, including goodwill, after accumulated amortization2,8832,8792,9851,6321,173
Goodwill1,6231,6131,6201,632782
Intangible asset, excluding goodwill, after accumulated amortization1,2601,2661,366 390
Regulated entity, other noncurrent assets   11  
Other noncurrent assets  260  ✕
Prepaid expense and other noncurrent assets✕✕✕✕✕161
Defined benefit plan, assets for plan benefits✕✕✕10 
Other undisclosed noncurrent assets306    
Total noncurrent assets:7,0116,8523,1701,6324,165
Other undisclosed assets   6,7158,513 
TOTAL ASSETS:12,17711,0549,89410,1487,716
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6671,64830271,317
Employee-related liabilities✕✕✕3027247
Accounts payable856777  429
Accrued liabilities811871  641
Debt3329 676
Derivative instruments and hedges, liabilities     71
Restructuring reserve  1  ✕
Due to related parties✕✕✕519
Other undisclosed current liabilities7154  (327)
Total current liabilities:1,7411,70665281,746
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,0001,9992,235 1,829
Long-term debt, excluding current maturities  1,9832,235 1,804
Capital lease obligations✕✕✕  25
Other undisclosed long-term debt and lease obligation2,00016   
Liabilities, other than long-term debt5291,2914325751,236
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕697
Deferred tax liabilities, net✕✕✕  206
Deferred income tax liabilities  518✕✕✕
Liability, pension and other postretirement and postemployment benefits207279432575✕
Other liabilities  208  334
Operating lease, liability322286✕✕✕
Other undisclosed noncurrent liabilities  (1)  (193)
Total noncurrent liabilities:2,5293,2892,6665752,873
Total liabilities:4,2704,9952,7316034,619
Temporary equity, including noncontrolling interest264225   
Equity
Equity, attributable to parent, including:6,8015,834(20)263,097
Common stock     70
Additional paid in capital3,3383,102  1,390
Accumulated other comprehensive income (loss)(314)(452)(20)26(616)
Retained earnings3,7763,184  2,323
Other undisclosed equity, attributable to parent 1   (69)
Equity, attributable to noncontrolling interest     1
Total equity:6,8015,834(20)263,098
Other undisclosed liabilities and equity842    
TOTAL LIABILITIES AND EQUITY:12,17711,0542,7106297,716

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2015
12/31/2014
4/30/2013
Revenues15,53114,14214,43815,03113,221
Revenue, net✕✕✕14,43815,03113,221
Cost of revenue(13,442)(12,244)  (11,901)
Cost of product and service sold     (11,901)
Other undisclosed gross profit (1)(12,683)(13,256) 
Gross profit:2,0891,8971,7551,7761,320
Operating expenses(849)(840)  (904)
Other operating income, net5260   
Other undisclosed operating income (loss) 1(962)(844)103
Operating income:1,2921,118794932519
Nonoperating income189  1
Investment income, nonoperating189   
Gain, foreign currency transaction, before tax     1
Interest and debt expense(41)(66)13 (289)
Other undisclosed income from continuing operations before equity method investments, income taxes1    
Income from continuing operations before equity method investments, income taxes:1,2701,061807932231
Income from equity method investments128  15
Other undisclosed loss from continuing operations before income taxes(12)(8)   
Income from continuing operations before income taxes:1,2701,061807932246
Income tax expense(283)(271)  (46)
Other undisclosed income from continuing operations118   
Income from continuing operations:998798807932200
Income before gain (loss) on sale of properties:✕✕✕807932200
Income from discontinued operations  172   
Other undisclosed net loss    (16)
Net income:998970807932184
Net loss attributable to noncontrolling interest(11)(17)   
Other undisclosed net income (loss) attributable to parent  (354)(376)(0)
Net income attributable to parent:987953452556184
Preferred stock dividends and other adjustments31   
Net income available to common stockholders, diluted:990954452556184

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2015
12/31/2014
4/30/2013
Net income:998970807932184
Other comprehensive income (loss)164(130)783(105)
Other undisclosed comprehensive income (loss) (1)  (0)
Comprehensive income:1,1628398141,01579
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(37)19   
Comprehensive income, net of tax, attributable to parent:1,1258588141,01579

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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