Key Partners
- Independent cattle & hog producers supply live animals (FACT).
- Contract chicken growers raise company chicks (FACT / INFERENCE from segment description).
- Walmart ≈18.7% of FY2025 sales — largest customer (FACT).
- Foodservice distributors and restaurant chains (FACT).
- ≈31,000 U.S. union-represented team members (FACT).
- Grain / feed and packaging suppliers (INFERENCE from cost of sales mix).
Key Activities
- Slaughter & fabrication of cattle and hogs (FACT).
- Raise, process and further-process chicken (FACT).
- Manufacture branded prepared foods (FACT).
- Cold-chain logistics to retail and foodservice (FACT).
- Network optimization / restructuring in FY25 (FACT).
- Commodity hedging and legal contingency management (FACT).
Key Resources
- Plant network — Beef 11, Pork 6, Chicken 167, Prepared Foods 35, Intl 26 (FACT).
- Brands — Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp, State Fair (FACT).
- ~133,000 team members at Sep 27, 2025 (FACT).
- Net PPE $9.2B; goodwill $9.5B after $343M impairment (FACT).
- Liquidity $3.7B; free cash flow $1.18B FY25 (FACT).
- Reduced total debt $957M in FY25 (FACT).
Value Propositions
- Multi-protein portfolio in one supplier (FACT).
- Iconic prepared brands for breakfast, lunchmeat, hot dogs (FACT).
- Value-added chicken that saves kitchen labor (FACT).
- National cold-chain scale for retailers (INFERENCE).
- Export-ready protein for international markets (FACT).
- Purpose line — We Feed the World Like Family™ (FACT).
Customer Relationships
- Key-account grocery relationships (Walmart 18.7%) (FACT).
- Foodservice distributor contracts (FACT).
- Brand advertising to end consumers (INFERENCE).
- Trade promotions and slotting with retailers (INFERENCE).
- No other customer >10% of sales (FACT).
- Legal contingency accruals reduced FY25 sales (FACT).
Channels
- Grocery / mass retail (incl. Walmart) (FACT).
- Foodservice distributors & restaurants (FACT).
- Institutional — schools, healthcare, military (FACT).
- Convenience and hotel channels (FACT).
- International export markets (FACT).
- Not a material DTC e-commerce model (INFERENCE).
Customer Segments
- U.S. grocery & mass retailers (FACT).
- Walmart — 18.7% of FY2025 sales (FACT).
- Foodservice distributors & restaurant operators (FACT).
- Noncommercial foodservice (schools, healthcare, military) (FACT).
- Export / international buyers (FACT).
- Other processors buying protein inputs (FACT).
Cost Structure
- Cost of sales $50.88B FY25 (93.5% of sales) (FACT).
- SG&A $2.12B (FACT).
- Beef GAAP op. loss $(1.14)B; $343M goodwill impairment (FACT).
- Legal contingency accruals cut sales & op. income (FACT).
- CapEx $978M; interest expense $449M (FACT).
- Free cash flow $1.18B (non-GAAP) (FACT).
Revenue Streams
- FY2025 sales $54.44B (+2.1%; +3.3% ex legal sales reductions) (FACT).
- Beef $21.62B · Chicken $16.84B · Prepared Foods $9.93B · Pork $5.78B (FACT).
- GAAP op. income $1.10B; adjusted op. income $2.29B (FACT).
- FY2025 net income attributable to Tyson $474M (−41%) (FACT).
- Adjusted EPS $4.12 (+33%) (FACT).
- FY26 sales guide +2–4% (FACT, guidance).