Smithfield Foods Inc
smithfieldfoods.comSmithfield Foods (SFD) is a packaged meats and fresh pork company that manufactures, markets, and sells pork products across retail, foodservice, and export channels. Revenue is transactional, generated from the sale of branded packaged meats and fresh pork products, with branded products commanding higher margins than commodity fresh pork. Smithfield operates an integrated supply chain that includes hog production, processing, and distribution. The company reported $15.5B in sales for FY2025, up 9.8% from $14.1B in FY2024, with operating profit of $1.3B in FY2025 versus $1.1B in FY2024. Brands include Smithfield and Nathan's Famous, the latter sold under an exclusive license agreement signed in December 2012 and expiring March 2032, covering hot dogs, sausages, and corned beef in the U.S., Canada, and Sam's Club locations in Mexico. On January 20, 2026, Smithfield entered an agreement to acquire Nathan's Famous outright. Proprietary genetic lines used in hog production are treated as trade secrets. The company also sublicenses genetic rights to strategic hog production partners.
Products & Services
Branded packaged meats including hot dogs, sausages, corned beef, and fresh pork products sold under the Smithfield and Nathan's Famous brands. Nathan's Famous products are manufactured and distributed under an exclusive license agreement covering the U.S., Canada, and Sam's Club locations in Mexico. Hog production operations use proprietary and licensed genetic breeding stock.
Revenue Model
Transactional revenue from the sale of branded packaged meats and fresh pork products to retail, foodservice, and export customers. Smithfield also licenses and sublicenses proprietary hog genetics to strategic production partners.
Customers & Markets
Retail grocery, foodservice operators, and export markets. Nathan's Famous branded products are distributed to Sam's Club locations in Mexico as part of the license agreement. Specific customer concentration figures are not disclosed in the excerpts reviewed.
Geographic Exposure
Primary operations in the United States. Licensed Nathan's Famous distribution also covers Canada and Sam's Club locations in Mexico. Specific revenue breakdowns by geography are not disclosed in the excerpts reviewed.
Source: SEC 10-K, filed 2026-03-24
Financial Snapshot
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