Tyson Foods, Inc. stock research
FY2025 Q2
Tyson Foods (TSN) Gross Margin — Quarter Ended Mar 29, 2025
Revenue was lower than the prior quarter but unchanged from the same quarter last year. Gross profit declined significantly from both periods, and gross margin weakened, as cost of revenue remained steady sequentially while rising year-over-year.
Gross margin takeaway
Quarter ended Mar 29, 2025 · FY2025 Q2
Revenue was lower than the prior quarter but unchanged from the same quarter last year. Gross profit declined significantly from both periods, and gross margin weakened, as cost of revenue remained steady sequentially while rising year-over-year.
- The strongest observable margin driver is the behavior of cost of revenue, which did not decline in line with the sequential revenue decrease and increased compared to the prior year despite flat revenue.
- Compared to the immediately preceding quarter, revenue was lower and gross profit was substantially lower, resulting in a weakened gross margin. Versus the same quarter one year earlier, revenue was flat while gross profit and gross margin were both lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
4.6%
Gross profit
$600.0M
Revenue
$13.1B
Cost of revenue
$12.5B
Quarter-over-quarter change
-3.4 pts
Year-over-year change
-2.0 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 29, 2024 | $13.4B | $878.0M | $12.5B | 6.6% |
| Sep 28, 2024 | $13.6B | $1.1B | $12.5B | 7.8% |
| Dec 28, 2024 | $13.6B | $1.1B | $12.5B | 8.0% |
| Mar 29, 2025 | $13.1B | $600.0M | $12.5B | 4.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 28, 2024
-3.4 pts
Year-over-year change
Mar 30, 2024
-2.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the behavior of cost of revenue, which did not decline in line with the sequential revenue decrease and increased compared to the prior year despite flat revenue.
Compared to the immediately preceding quarter, revenue was lower and gross profit was substantially lower, resulting in a weakened gross margin. Versus the same quarter one year earlier, revenue was flat while gross profit and gross margin were both lower.
Monitor the trajectory of cost of revenue relative to revenue, as it directly drives gross margin changes.