Input and raw-material costsnegative · 3 filings
“Cost of sales in our Packaged Meats segment increased by $92 million, or 2.7%, driven by the following factors: • A $49 million increase in raw material costs.”10-Q · Aug 11, 2026 ↗
Smithfield Foods, Inc.
SFD
Market read
Smithfield Foods, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
What changed
- Revenue increased 0.8% versus the comparable filing period.
- Operating cash flow covered only -0.26x net income.
Company-5.7% todayVolume comparison unavailable
Market group0 of 1 activePackaged Foods · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Fresh Pork manufacturing costs increased by $10 million because of inflationary pressures.
- Accounts receivable rose 30.7% and inventory 4.0%, while management attributed higher operating cash flow partly to working-capital changes.
Invalidation: The isolated read changes if SFD's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 0.8% versus the comparable filing period.
Evidence that challenges
- Operating cash flow covered only -0.26x net income.
What would clarify the read
- Fresh Pork manufacturing costs increased by $10 million because of inflationary pressures.
- Accounts receivable rose 30.7% and inventory 4.0%, while management attributed higher operating cash flow partly to working-capital changes.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods4
Price observations326
Usable filing statements115
Verified relationships2
Evidence supporting the case
- Latest annual revenue changed +9.8% year over year.
Evidence challenging the case
- Diluted shares increased 3.3% in the latest annual period.
Questions before a position
- P/E is 51% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 86% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 9, 2026
20.516m-13.7%12m-12.7%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2023-01-01$16.2B—$2.29—
2023-12-31$14.6B-9.6%$0.05+0.0%
2024-12-29$14.1B-3.4%$2.51+0.0%
2025-12-28$15.5B+9.8%$2.51+3.3%
What management says matters
Persistent and emerging business drivers
Legal and regulatory exposurenegative · 3 filings
“2025 SG&A decreased by $95 million, or 20.3%, driven primarily by the following factors, which were partially offset by an $8 million increase in marketing and advertising expenses: • Litigation-related charges totaling $80 million were recorded in the second…”10-Q · Aug 11, 2026 ↗
Restructuring and cost reductionsmixed · 3 filings
“As a result of this initiative, during the second quarter and first half of 2026, we recognized $4 million and $5 million, respectively, in restructuring costs in selling, general and administrative expenses (“SG&A”) in the condensed consolidated statement of…”10-Q · Aug 11, 2026 ↗
Credit and interest ratesnegative · 1 filings
“The valuation allowance decreased by $ 4 million as a result of utilizing net operating losses and applying the interest expense limitation deduction.”10-K · Mar 24, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.5× · EV/sales 0.6×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
20.76-5.7% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:35 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for SFD. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-04-28 against the comparable filing from 2025-04-29.
OperationsmixedEvidence score +1
liquiditycautiousEvidence score -1
valuationdiscount
What improved
- Revenue increased 0.8% versus the comparable filing period.
What weakened
- Operating cash flow covered only -0.26x net income.
Filing receipts
“Cost of sales in our Other segment increased by $72 million, or 85.7%, driven primarily by a $53 million increase in raw material costs and a $14 million increase in manufacturing and distribution costs in our Mexico operations, mainly attributable to the increase in sales volume and the impact of foreign currency translation.”
“Cost of sales in our Fresh Pork segment decreased by $12 million, or 0.6%, driven primarily by a $17 million decrease in raw material costs, partially offset by a $5 million increase in manufacturing and distribution 35 costs.”
“Cost of sales in our Packaged Meats segment increased by $116 million, or 7.0%, driven primarily by a $94 million increase in raw material costs and higher sales volume attributable to the timing of the Easter holiday.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind SFD
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
DCDakota Gold Corp.investeeMar 24, 2026 ▾
“If approved by our board of directors and completed on the expected schedule, we estimate that our investment in a new fresh pork and packaged meats processing facility in Sioux Falls, South Dakota will be up to $1.3 billion over the next three years.”
WMTWalmart Inc.distributorMar 24, 2026 ▾
“Sales to Walmart were included in our Packaged Meats and Fresh Pork segments.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
SFD is currently a Leader in the organic co-movement group Packaged Foods. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for SFD; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.