SMITHFIELD FOODS INC
SFD · Meat Packing Plants · 393.5M shares · +0%/yr ↓ buyback · EDGAR filings ↗
Reference price $26.82 · est. market cap ~$10.6B — last insider sale, 2026-06-16 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B72Scaled, vertically integrated pork producer with above-average returns but commodity and litigation/governance overhangs.
Strengths
- ROA 8.1% (86th pct) and ROE 14.5% (71st pct); moderate leverage (debt/equity 0.29)
- Largest U.S. pork exporter scale, Walmart anchor relationship, and packaged-meats mix improvement
Risks
- Thin gross margin (11.8th pct) and inherent hog-cycle commodity volatility
- Antitrust litigation (14 opt-out cases) and Chinese-ownership/foreign-land legislation risk
Notable findings
- Customer concentration~42% of revenue from one customer/distributor — Cumulatively, our top ten customers accounted for 42%, 39% and 39% of our consolidated sales in fiscal years 2025, 2024 and 2023
- Revenue declineRevenue -10.1% YoY
- Insider sellingInsider selling — 3 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$4M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
13.5%
Operating margin
8.3%
Net margin
6.4%
Return on equity
14.5%
Return on assets
8.1%
ROIC
11.6%
Revenue growth (QoQ)
-10.1%
Net-income growth
3.6%
Debt / equity
0.3×
Current ratio
3.0×
EBITDA
$1.6B
Tangible book value
$3.9B
Stock comp / revenue
0.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-16 | France Steven | Sell | 83K | $26.82 |
| 2026-06-12 | France Steven | Option exercise | 83K | $23.76 |
| 2026-06-12 | Starling Raymond A | Sell | 4.0K | $26.77 |
| 2026-06-09 | Hall Mark L. | Sell | 79K | $26.36 |
| 2026-06-09 | Hall Mark L. | Option exercise | 79K | $20.00 |
| 2026-06-02 | Starling Raymond A | Grant | 6.9K | — |
| 2026-06-02 | Gallagher Marie T. | Grant | 6.9K | — |
| 2026-06-02 | QUELCH JOHN | Grant | 6.9K | — |
| 2026-03-10 | Checkovich Tennille J. | Grant | 11K | — |
| 2026-03-10 | Sutton Doug | Grant | 81K | — |
| 2026-03-10 | Owens Donovan | Tax withheld | 10K | $23.76 |
| 2026-03-10 | Bennett Isham Jay | Grant | 15K | — |
| 2026-03-10 | Bennett Isham Jay | Tax withheld | 1.6K | $23.76 |
| 2026-03-10 | France Steven | Grant | 93K | — |
| 2026-03-10 | France Steven | Tax withheld | 14K | $23.76 |
| 2026-03-10 | Smith Charles Shane | Grant | 146K | — |
| 2026-03-10 | Westerbeek Kraig A. | Tax withheld | 5.0K | $23.76 |
| 2026-03-10 | Smith Charles Shane | Grant | 146K | — |
| 2026-03-10 | Watts Keller D. | Tax withheld | 11K | $23.76 |
| 2026-03-10 | He Hank Shenghua | Grant | 78K | — |
| 2026-03-10 | He Hank Shenghua | Tax withheld | 12K | $23.76 |
| 2026-03-10 | Smith Charles Shane | Tax withheld | 22K | $23.76 |
| 2026-03-10 | Checkovich Tennille J. | Grant | 11K | — |
| 2026-03-10 | Checkovich Tennille J. | Tax withheld | 1.1K | $23.76 |
| 2026-03-10 | Sutton Doug | Grant | 81K | — |
| 2026-03-10 | Sutton Doug | Tax withheld | 11K | $23.76 |
| 2026-03-10 | Owens Donovan | Grant | 79K | — |
| 2026-03-10 | Hall Mark L. | Grant | 78K | — |
| 2026-03-10 | Hall Mark L. | Tax withheld | 12K | $23.76 |
| 2026-03-10 | Westerbeek Kraig A. | Grant | 34K | — |
| 2026-03-10 | Owens Donovan | Grant | 79K | — |
| 2026-03-10 | Bennett Isham Jay | Grant | 15K | — |
| 2026-03-10 | France Steven | Grant | 93K | — |
| 2026-03-10 | Hall Mark L. | Grant | 78K | — |
| 2026-03-10 | Westerbeek Kraig A. | Grant | 34K | — |
| 2026-03-10 | Watts Keller D. | Grant | 81K | — |
| 2026-03-10 | He Hank Shenghua | Grant | 78K | — |
| 2026-01-28 | Hall Mark L. | Tax withheld | 3.8K | $23.65 |
| 2026-01-28 | Brobst Robert Allen JR | Tax withheld | 822 | $23.65 |
| 2026-01-28 | Smith Charles Shane | Tax withheld | 5.6K | $23.65 |
| 2026-01-28 | Owens Donovan | Tax withheld | 3.2K | $23.65 |
| 2026-01-28 | Bennett Isham Jay | Tax withheld | 992 | $23.65 |
| 2026-01-28 | France Steven | Tax withheld | 3.8K | $23.65 |
| 2026-01-28 | Westerbeek Kraig A. | Tax withheld | 1.2K | $23.65 |
| 2026-01-28 | He Hank Shenghua | Tax withheld | 3.8K | $23.65 |
| 2026-01-28 | Checkovich Tennille J. | Tax withheld | 708 | $23.65 |
| 2026-01-28 | Sutton Doug | Tax withheld | 3.2K | $23.65 |
| 2025-09-08 | France Steven | Buy | 2.5K | $23.25 |
| 2025-09-08 | Hall Mark L. | Buy | 2.0K | $23.25 |
| 2025-09-08 | Wan Long | Buy | 1.8M | $23.25 |
| 2025-09-08 | Watts Keller D. | Buy | 3.8K | $23.25 |
| 2025-09-08 | He Hank Shenghua | Buy | 10K | $23.25 |
| 2025-09-08 | Sutton Doug | Buy | 3.9K | $23.25 |
| 2025-09-08 | Owens Donovan | Buy | 12K | $23.25 |
| 2025-09-08 | WH Group Ltd | Sell | 22.5M | $23.25 |
| 2025-06-12 | Watts Keller D. | Buy | 4.3K | $23.62 |
| 2025-04-08 | WH Group Ltd/ADR | Other | 21K | — |
| 2025-02-20 | WH Group Ltd/ADR | Sell | 2.5M | $20.00 |
| 2025-01-29 | He Hank Shenghua | Grant | 60K | — |
| 2025-01-29 | He Hank Shenghua | Buy | 17K | $20.00 |
| 2025-01-29 | Checkovich Tennille J. | Grant | 10K | — |
| 2025-01-29 | Checkovich Tennille J. | Buy | 2.0K | $20.00 |
| 2025-01-29 | Brobst Robert Allen JR | Grant | 12K | — |
| 2025-01-29 | Sutton Doug | Grant | 60K | — |
| 2025-01-29 | Sutton Doug | Buy | 5.0K | $20.00 |
| 2025-01-29 | Guo Lijun | Grant | 60K | — |
| 2025-01-29 | Smith Charles Shane | Grant | 90K | — |
| 2025-01-29 | Smith Charles Shane | Buy | 30K | $20.00 |
| 2025-01-29 | WH Group Ltd/ADR | Sell | 13.0M | $20.00 |
| 2025-01-29 | Starling Raymond A | Grant | 9.0K | $20.00 |
| 2025-01-29 | France Steven | Grant | 60K | — |
| 2025-01-29 | France Steven | Buy | 7.5K | $20.00 |
| 2025-01-29 | Westerbeek Kraig A. | Grant | 18K | — |
| 2025-01-29 | Westerbeek Kraig A. | Buy | 1.0K | $20.00 |
| 2025-01-29 | Wan Hongwei | Grant | 36K | — |
| 2025-01-29 | Bennett Isham Jay | Grant | 14K | — |
| 2025-01-29 | Watts Keller D. | Grant | 60K | — |
| 2025-01-29 | Watts Keller D. | Buy | 6.7K | $20.00 |
| 2025-01-29 | QUELCH JOHN | Grant | 9.0K | $20.00 |
| 2025-01-29 | Zhou Xiaoming | Grant | 54K | — |
| 2025-01-29 | Wan Long | Grant | 60K | — |
| 2025-01-29 | Wan Long | Buy | 3.2M | $20.00 |
| 2025-01-29 | Hall Mark L. | Grant | 60K | — |
| 2025-01-29 | Hall Mark L. | Buy | 10K | $20.00 |
| 2025-01-29 | Owens Donovan | Grant | 60K | — |
| 2025-01-29 | Owens Donovan | Buy | 5.0K | $20.00 |
| 2025-01-29 | Gallagher Marie T. | Grant | 9.0K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- Walmart Inc. 15% of rev
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-03 | Shareholder vote | filing ↗ |
| 2026-04-28 | ResultsExhibits | filing ↗ |
| 2026-03-24 | ResultsExhibits | filing ↗ |
| 2026-01-21 | Material agreementReg FDExhibits | filing ↗ |
| 2025-10-28 | ResultsExhibits | filing ↗ |
| 2025-08-12 | ResultsExhibits | filing ↗ |
| 2025-07-24 | Material agreementExhibits | filing ↗ |
| 2025-06-05 | Shareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-03 | 2026-06-02 | 0000091388-26-000038 ↗ |
| 10-Q | 2026-04-28 | 2026-03-29 | 0000091388-26-000033 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0000091388-26-000034 ↗ |
| 10-K | 2026-03-24 | 2025-12-28 | 0000091388-26-000014 ↗ |
| 8-K | 2026-03-24 | 2026-03-24 | 0000091388-26-000013 ↗ |
| 8-K | 2026-01-21 | 2026-01-20 | 0001213900-26-005905 ↗ |
| 8-K | 2025-10-28 | 2025-10-28 | 0000091388-25-000083 ↗ |
| 10-Q | 2025-10-28 | 2025-09-28 | 0000091388-25-000082 ↗ |
| 10-Q | 2025-08-12 | 2025-06-29 | 0000091388-25-000068 ↗ |
| 8-K | 2025-08-12 | 2025-08-12 | 0000091388-25-000067 ↗ |
| 8-K | 2025-07-24 | 2025-07-22 | 0000091388-25-000054 ↗ |
| 8-K | 2025-06-05 | 2025-06-05 | 0000091388-25-000046 ↗ |