Pilgrim's Pride Corporation (PPC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	$0.65	$0.51	-21.5%	—	$4.5B	—
Q4 25	$0.76	$0.68	-10.5%	—	$4.5B	—
Q3 25	$1.38	$1.52	+10.1%	—	$4.8B	—
Q2 25	$1.58	$1.7	+7.6%	—	$4.8B	—
Q1 25	$1.34	$1.31	-2.2%	—	$4.5B	—
Q4 24	$1.16	$1.35	+16.4%	—	$4.4B	—
Q3 21	$1.38	$1.63	+18.1%	—	—	—
Q2 21	$1.3	$1.67	+28.5%	—	—	—
Q1 21	$0.63	$0.77	+22.2%	—	—	—
Q4 20	$0.43	$0.59	+37.2%	—	—	—
Q3 20	$0.42	$0.58	+38.1%	—	—	—
Q2 20	$0.3	$0.44	+46.7%	—	—	—
Q1 20	$0.05	$0.08	+60.0%	—	—	—
Q4 19	$0.02	-$0.49	-2550.0%	—	—	—
Q3 19	$0.78	$1.09	+39.7%	—	—	—
Q2 19	$1.14	$1.54	+35.1%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.56	—	—	$18.5B	—
FY24	—	$4.58	—	—	$17.9B	—
FY23	—	$1.36	—	—	$17.4B	—
FY22	—	$3.11	—	—	$17.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$9.9B	$10.8B	$10.9B	$11.4B	$12.1B	$14.8B	$17.5B	$17.4B	$17.9B	$18.5B
YoY change	+12.9%	+9%	+1.58%	+4.31%	+5.98%	+22.2%	+18.2%	-0.61%	+2.97%	+3.46%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	9.9B	10.8B	10.9B	11.4B	12.1B	14.8B	17.5B	17.4B	17.9B	18.5B
Cost of revenue	8.8B	9.3B	10.1B	10.3B	11.3B	13.4B	15.7B	16.2B	15.6B	16.1B
Gross profit	1.1B	1.5B	843.5M	1.1B	838.2M	1.4B	1.8B	1.1B	2.3B	2.4B
Gross margin	11.2%	13.7%	7.71%	9.38%	6.93%	9.24%	10.4%	6.44%	12.9%	12.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	310.8M	389.5M	343M	379.9M	592.6M	1.1B	604.7M	551.8M	713.3M	713.3M
Operating expenses	310.8M	389.5M	343M	379.9M	592.6M	1.1B	604.7M	551.8M	713.3M	713.3M
Operating income	793.2M	1.1B	500.5M	690.5M	245.6M	217M	1.2B	566.6M	1.6B	1.6B
Operating margin	8.03%	10%	4.58%	6.05%	2.03%	1.47%	6.91%	3.26%	8.95%	8.89%
Non-operating income, net	4.2M	-578K	-19.2M	45.4M	35.1M	15.2M	-37.9M	-34.8M	-98.7M	-32.5M
Pretax income	724M	982.1M	332.2M	617.5M	161.8M	92.4M	1B	365.2M	1.4B	1.5B
Income tax	243.9M	263.9M	85.4M	161M	66.8M	61.1M	278.9M	42.9M	325M	418.8M
Net income	480.1M	718.2M	246.8M	456.5M	95.1M	31.3M	746.5M	322.3M	1.1B	1.1B
Net margin	4.86%	6.67%	2.26%	4%	0.79%	0.21%	4.27%	1.86%	6.08%	5.86%
EBITDA	1B	1.4B	791.1M	987.4M	629.7M	615.4M	1.6B	1.1B	2.1B	2.2B
EPS	1.74	2.79	1	1.83	0.39	0.13	3.11	1.36	4.58	4.56
Diluted EPS	1.73	2.79	1	1.83	0.39	0.13	3.11	1.36	4.57	4.54

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	4.4B	4.5B	4.8B	4.8B	4.5B	4.5B	4.6B
Cost of revenue	3.8B	3.9B	4B	4.1B	4.1B	4.2B	4.3B
Gross profit	553.3M	554.9M	715.3M	659.4M	428.6M	345.5M	339.8M
Gross margin	12.7%	12.4%	15%	13.9%	9.49%	7.62%	7.34%
Research & development	—	—	—	—	—	—	—
Selling, general & administrative	235.3M	133.8M	199.5M	165M	215M	180.2M	265.1M
Operating expenses	235.3M	133.8M	199.5M	165M	215M	180.2M	265.1M
Operating income	318M	421.1M	515.8M	494.4M	213.6M	165.3M	74.6M
Operating margin	7.27%	9.44%	10.8%	10.4%	4.73%	3.65%	1.61%
Non-operating income, net	-18.7M	-13.9M	-8.8M	-4M	-5.8M	-2.5M	-6.7M
Pretax income	276.5M	390.4M	475.6M	461.4M	174.7M	131.8M	21.8M
Income tax	40.7M	94.1M	119.6M	118.3M	86.8M	30.4M	8.6M
Net income	235.8M	296.3M	356M	343.1M	87.9M	101.5M	13.2M
Net margin	5.39%	6.64%	7.48%	7.21%	1.95%	2.24%	0.29%
EBITDA	444M	551.3M	640M	622.9M	343.7M	291.8M	202.3M
EPS	0.99	1.25	1.5	1.44	0.37	0.43	0.06
Diluted EPS	0.99	1.24	1.49	1.44	0.37	0.43	0.06

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	4.8B	7.7B	3.9B	8.2B	4.8B	6.9B	5.7B	6.5B	10.8B	9.3B	6.7B
Enterprise value	5.9B	9.8B	5.8B	10.5B	6.8B	10B	8.8B	9.5B	12.2B	12B	9.4B
Shares outstanding	253.7M	248.7M	248.9M	249.4M	245.9M	243.7M	239.8M	236.7M	237M	237.4M	237.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	10	10.8	15.6	17.9	50.7	219.7	7.62	20.3	9.89	8.55	12.3
P/S	0.49	0.72	0.35	0.72	0.4	0.46	0.33	0.38	0.6	0.5	0.36
P/B	2.31	4.16	1.91	3.22	1.87	2.65	1.99	1.96	2.53	2.51	1.79
EV/EBITDA	5.73	7.18	7.39	10.6	10.9	16.3	5.35	8.99	5.82	5.55	5.28
EV/Sales	0.6	0.91	0.53	0.92	0.57	0.68	0.5	0.54	0.68	0.65	0.51
Earnings yield	9.97%	9.3%	6.39%	5.59%	1.97%	0.46%	13.1%	4.92%	10.1%	11.7%	8.11%
FCF yield	9.43%	5.97%	3.7%	3.9%	7.66%	-0.8%	3.21%	2.05%	14.1%	7.14%	7.6%
PEG	—	—	—	—	—	—	—	—	—	—	-0.13

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	11.2%	13.7%	7.71%	9.38%	6.93%	9.24%	10.4%	6.44%	12.9%	12.7%	7.34%
Operating margin	8.03%	10%	4.58%	6.05%	2.03%	1.47%	6.91%	3.26%	8.95%	8.89%	1.62%
Net margin	4.86%	6.67%	2.26%	4%	0.79%	0.21%	4.27%	1.86%	6.08%	5.86%	2.96%
ROE	23%	38.7%	12.2%	18%	3.69%	1.21%	26.2%	9.64%	25.6%	29.3%	14.5%
ROA	9.56%	11.5%	4.16%	6.43%	1.27%	0.35%	8.07%	3.29%	10.2%	10.5%	8.02%
ROIC	16.4%	20%	9.28%	10.5%	3.14%	1.28%	14.8%	7.99%	21.7%	18.5%	10.1%
Return on tangible assets	20.8%	23.9%	8.5%	11.5%	2.22%	0.73%	14.6%	5.83%	16.6%	18.1%	9.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.53	1.73	1.72	1.58	1.5	1.38	1.51	1.68	2.01	1.47	1.35
Quick ratio	0.7	0.87	0.83	0.74	0.8	0.72	0.74	0.89	1.31	0.76	0.62
Debt / equity	0.68	1.45	1.15	1.03	1	1.38	1.23	1.08	0.81	0.91	0.83
Debt / assets	0.28	0.43	0.39	0.37	0.34	0.4	0.38	0.37	0.33	0.32	0.31
Net debt / EBITDA	1.08	1.54	2.51	2.37	3.21	5.11	1.89	2.77	0.68	1.26	1.86
Interest coverage	10.6	10.2	3.04	5.66	2.28	1.63	7.72	2.81	9.76	10.3	5.79
Effective tax rate	33.7%	26.9%	25.7%	26.1%	41.3%	66.2%	27.2%	11.7%	23%	27.9%	30.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	38.9	43.3	43.9	45.7	49.2	60.6	72.9	73.3	75.4	77.9	77.6
EPS (basic)	1.74	2.79	1	1.83	0.39	0.13	3.11	1.36	4.58	4.56	4.56
EPS (diluted)	1.73	2.79	1	1.83	0.39	0.13	3.11	1.36	4.57	4.54	2.29
Book value per share	8.22	7.46	8.11	10.2	10.5	10.6	11.9	14.1	17.9	15.6	15.7
FCF per share	1.79	1.86	0.57	1.28	1.5	-0.23	0.76	0.57	6.39	2.78	1.27
Cash per share	1.15	2.34	1.36	1.04	2.23	1.76	1.67	2.95	8.65	2.7	1.63
Capex per share	1.29	1.35	1.36	1.33	1.31	1.46	1.88	2.21	1.94	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.32%	3.11%	3.1%	2.91%	2.67%	2.42%	2.59%	3.02%	2.58%	—	—
Capex / operating cash flow	41.8%	41.3%	70.5%	47.6%	41%	100%	111.9%	73.8%	24.5%	—	—
Payout ratio	148.9%	0%	0%	—	—	—	—	—	—	184.1%	0%
Dividend yield	14.8%	0%	0%	—	—	—	—	—	—	21.5%	21.5%

Yield

—

trailing twelve months

Frequency

Semi-annual

Last dividend

$2.10

ex-dividend Aug 20, 2025

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 20, 2025	$2.10
Apr 3, 2025	$6.30
May 6, 2016	$2.75

Period	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$4.4B	$4.5B	$4.8B	$4.8B	$4.5B	$4.5B	$4.6B
YoY change	—	—	—	—	+3.33%	+1.56%	-2.76%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	292.5M	581.5M	338.4M	260.6M	547.6M	427.7M	401M	697.7M	2.1B	640.2M
Receivables	435.8M	548.5M	533.6M	696.4M	691.5M	947.7M	984.3M	1B	973.8M	1.1B
Inventory	975.6M	1.3B	1.2B	1.4B	1.4B	1.6B	2B	2B	1.8B	2B
Total current assets	1.8B	2.5B	2.2B	2.6B	2.9B	3.3B	3.9B	4.2B	5.1B	4.2B
Property, plant & equipment	346.6M	413.5M	464M	1.1B	962.6M	1.2B	1.2B	1.3B	1.1B	1.3B
Goodwill & intangibles	2.7B	3.2B	3B	3.1B	3.2B	4.6B	4.1B	4.3B	4.1B	4.3B
Total assets	5B	6.2B	5.9B	7.1B	7.5B	8.9B	9.3B	9.8B	10.7B	10.3B
Accounts payable	727M	664.6M	741.9M	875.4M	904.7M	1.3B	1.5B	1.3B	1.3B	1.4B
Short-term debt	15.7M	47.8M	30.4M	92.6M	97M	109.2M	105.5M	68.1M	64.2M	60.6M
Total current liabilities	1.2B	1.5B	1.3B	1.6B	1.9B	2.4B	2.6B	2.5B	2.6B	2.9B
Long-term debt	1.4B	2.6B	2.3B	2.5B	2.5B	3.5B	3.4B	3.5B	3.4B	3.3B
Total liabilities	2.9B	4.4B	3.9B	4.6B	4.9B	6.3B	6.4B	6.5B	6.4B	6.6B
Shareholders' equity	2.1B	1.9B	2B	2.5B	2.6B	2.6B	2.9B	3.3B	4.3B	3.7B
Total debt	1.4B	2.7B	2.3B	2.6B	2.6B	3.6B	3.5B	3.6B	3.5B	3.4B
Net debt	1.1B	2.1B	2B	2.3B	2B	3.1B	3.1B	2.9B	1.4B	2.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	2.1B	849M	612.6M	640.2M	542.4M	388.8M
Receivables	1.1B	1.1B	1.1B	1.1B	1B	858.3M
Inventory	1.9B	1.9B	2B	2B	2B	2B
Total current assets	5.4B	4.3B	4.1B	4.2B	4B	3.7B
Property, plant & equipment	1.1B	1.2B	1.2B	1.3B	1.4B	1.5B
Goodwill & intangibles	4.2B	4.4B	4.3B	4.3B	4.3B	4.2B
Total assets	11B	10.1B	10B	10.3B	10.2B	10B
Accounts payable	1.3B	1.4B	1.3B	1.4B	1.4B	1.5B
Short-term debt	62.7M	61.4M	59M	60.6M	60M	61.8M
Total current liabilities	4B	2.6B	2.7B	2.9B	2.7B	2.7B
Long-term debt	3.4B	3.3B	3.3B	3.3B	3.3B	3.1B
Total liabilities	7.8B	6.4B	6.4B	6.6B	6.5B	6.3B
Shareholders' equity	3.1B	3.8B	3.6B	3.7B	3.7B	3.8B
Total debt	3.5B	3.4B	3.3B	3.4B	3.3B	3.1B
Net debt	1.4B	2.5B	2.7B	2.7B	2.8B	2.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	480.1M	718.2M	246.8M	456.5M	95.1M	31.3M	746.5M	322.3M	1.1B	1.1B
Depreciation & amortization	231.7M	271.8M	274.1M	287.2M	337.1M	380.8M	403.1M	419.9M	433.6M	456.2M
Stock-based compensation	6.1M	3M	13.2M	10.1M	-276K	11.7M	7M	7.2M	14.9M	29.4M
Change in working capital	70.9M	-135.9M	-91.7M	-46.7M	309.8M	13.3M	-780.7M	-56M	329.5M	-330.9M
Operating cash flow	783.8M	812.9M	480.6M	697.9M	788M	357.1M	403.7M	709.8M	1.9B	1.4B
Capital expenditure	-327.6M	-335.4M	-338.9M	-332.4M	-322.8M	-356.9M	-451.6M	-524M	-460.8M	—
Investing cash flow	-327.6M	-992.1M	-338.9M	-717.1M	-327M	-1.3B	-445.3M	-503.4M	-460.8M	—
Dividends paid	-714.8M	0	0	—	—	—	—	—	—	-2B
Share repurchases	-118M	-14.6M	-236K	-2.9M	-110.2M	0	-199.6M	0	0	—
Financing cash flow	-805.2M	1.7B	-752.9M	-65M	-163.2M	3.9B	130.5M	116.7M	-150.9M	-2.1B
Net change in cash	-349M	1.5B	-611.1M	-84.1M	297.8M	2.9B	88.9M	323.2M	1.3B	-741.3M
Free cash flow	454.4M	461.4M	143M	318.4M	369.5M	-55.2M	182.8M	134.1M	1.5B	660.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	235.8M	296.3M	356M	343.1M	87.9M	101.5M	13.2M
Depreciation & amortization	111.9M	104.5M	113.5M	116.4M	121.7M	118.5M	123.3M
Stock-based compensation	5.7M	7M	7.2M	5.4M	9.8M	6.1M	5.1M
Change in working capital	-47.3M	-229.2M	-4.2M	-72.5M	-67.3M	-94.4M	175.4M
Operating cash flow	267.5M	169.5M	495.2M	458.3M	291.2M	140.8M	331M
Capital expenditure	-153.6M	-97.1M	—	—	—	—	—
Investing cash flow	-153.6M	-97.1M	—	—	—	-3.1M	0
Dividends paid	—	—	—	-498.9M	0	—	—
Share repurchases	—	—	—	—	—	—	—
Financing cash flow	-449K	-3.6M	-87.1M	-524.3M	-462K	-152K	-313.2M
Net change in cash	113.4M	68.9M	408.1M	-65.9M	290.7M	137.6M	17.9M
Free cash flow	190.1M	28.6M	334.2M	276.5M	21.3M	-94M	100.6M

Pilgrim's Pride Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history