Tyson Foods, Inc. stock research
FY2026 Q2
Tyson Foods (TSN) Gross Margin & Quarterly History
Explore Tyson Foods, Inc. (TSN) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 28, 2026 · FY2026 Q2
Revenue decreased from the prior quarter but increased from the same quarter last year. Gross profit improved both sequentially and year-over-year, while cost of revenue fell sequentially and rose year-over-year, resulting in a higher gross margin compared to both periods.
- The strongest observable driver is the improvement in gross profit relative to cost of revenue. Gross profit increased at a faster rate than cost of revenue year-over-year, and cost of revenue declined sequentially while gross profit rose.
- Compared with the immediately preceding quarter, revenue was lower but gross profit was higher, cost of revenue was lower, and gross margin improved. Compared with the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, while gross margin strengthened.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
7.0%
Gross profit
$962.0M
Revenue
$13.7B
Cost of revenue
$12.7B
Quarter-over-quarter change
+1.4 pts
Year-over-year change
+2.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 28, 2025 | $13.9B | $1.1B | $12.7B | 8.2% |
| Sep 27, 2025 | $13.9B | $726.0M | $13.1B | 5.2% |
| Dec 27, 2025 | $14.3B | $808.0M | $13.5B | 5.6% |
| Mar 28, 2026 | $13.7B | $962.0M | $12.7B | 7.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 27, 2025
+1.4 pts
Year-over-year change
Mar 29, 2025
+2.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver is the improvement in gross profit relative to cost of revenue. Gross profit increased at a faster rate than cost of revenue year-over-year, and cost of revenue declined sequentially while gross profit rose.
Compared with the immediately preceding quarter, revenue was lower but gross profit was higher, cost of revenue was lower, and gross margin improved. Compared with the same quarter one year earlier, revenue, gross profit, and cost of revenue were all higher, while gross margin strengthened.
Monitor the trend of cost of revenue relative to revenue in subsequent quarters to assess whether the margin improvement can be sustained.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Tyson Foods, Inc. (TSN) | 7.0% |