Smithfield Foods, Inc.
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Smithfield Foods, Inc. (SFD). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2023 | 2024 | 2025 |
|---|---|---|---|
| Packaged Meats | $8.28B 56.6% | $8.32B 58.8% · +0.5% | $8.76B 56.4% · +5.3% |
| Fresh Pork | $5.14B 35.1% | $4.88B 34.5% · -5.0% | $5.02B 32.3% · +2.7% |
| Hog Production | $671.0M 4.6% | $469.0M 3.3% · -30.1% | $1.23B 7.9% · +162.0% |
| Other | $552.0M 3.8% | $470.0M 3.3% · -14.9% | $528.0M 3.4% · +12.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Retail | $7.86B 48.5% | $7.27B 49.7% · -7.4% | $7.30B 51.6% · +0.3% | $7.54B 48.5% · +3.3% |
| Foodservice | $3.07B 19.0% | $2.67B 18.2% · -13.2% | $2.68B 18.9% · +0.4% | $2.96B 19.0% · +10.4% |
| Other / Unallocated | $1.58B 9.7% | $1.25B 8.6% · -20.4% | $960.0M 6.8% · -23.4% | $1.78B 11.5% · +85.4% |
| Exports | $1.88B 11.6% | $1.86B 12.7% · -1.1% | $1.77B 12.5% · -4.7% | $1.75B 11.3% · -0.9% |
| Industrial | $1.82B 11.2% | $1.59B 10.9% · -12.5% | $1.44B 10.2% · -9.6% | $1.50B 9.7% · +4.6% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 11, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.