Pilgrim's Pride (PPC) Financials

$28.46 0.00 (0.00%)

Closing price 05/22/2026 04:00 PM Eastern

Extended Trading

$28.28 -0.18 (-0.61%)

As of 05/22/2026 07:29 PM Eastern

Annual Income Statements for Pilgrim's Pride

This table shows Pilgrim's Pride's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/27/2015	12/25/2016	12/31/2017	12/30/2018	12/29/2019	12/27/2020	12/26/2021	12/25/2022	12/31/2023	12/29/2024	12/28/2025
Net Income / (Loss) Attributable to Common Shareholders	646	441	695	248	456	95	31	746	322	1,086	1,082
Consolidated Net Income / (Loss)	663	480	718	247	457	95	31	747	322	1,087	1,083
Net Income / (Loss) Continuing Operations	663	480	718	247	457	95	31	747	322	1,087	1,083
Total Pre-Tax Income	1,001	724	982	332	618	162	92	1,025	365	1,412	1,502
Total Operating Income	1,061	792	1,072	496	691	245	211	1,177	522	1,506	1,614
Total Gross Profit	1,299	1,104	1,472	843	1,070	838	1,366	1,812	1,118	2,313	2,358
Total Revenue	8,753	9,879	10,768	10,938	11,409	12,092	14,777	17,468	17,362	17,878	18,498
Operating Revenue	8,753	9,879	10,768	10,938	11,409	12,092	14,777	17,468	17,362	17,878	18,498
Total Cost of Revenue	7,454	8,775	9,296	10,094	10,339	11,254	13,412	15,657	16,244	15,566	16,139
Operating Cost of Revenue	7,454	8,775	9,296	10,094	10,339	11,254	13,412	15,657	16,244	15,566	16,139
Total Operating Expenses	238	312	399	348	380	593	1,155	635	596	807	745
Selling, General & Admin Expense	232	311	390	343	380	593	1,149	605	552	713	713
Restructuring Charge	5.75	1.07	9.78	4.77	-0.08	0.12	5.80	30	44	93	31
Total Other Income / (Expense), net	-60	-68	-90	-163	-73	-84	-119	-151	-157	-94	-111
Interest Expense	47	76	107	163	133	126	146	153	202	161	161
Interest & Investment Income	3.83	2.30	7.73	14	14	7.31	6.06	9.03	36	73	51
Other Income / (Expense), net	-17	5.29	9.20	-14	45	35	21	-7.48	9.56	-5.29	-1.13
Income Tax Expense	338	244	264	85	161	67	61	279	43	325	419
Net Income / (Loss) Attributable to Noncontrolling Interest	0.05	-0.80	0.10	-1.14	0.61	0.31	0.27	0.61	0.74	0.79	0.99
Basic Earnings per Share	$2.50	$1.74	$2.79	$1.00	$1.83	$0.39	$0.13	$3.11	$1.36	$4.58	$4.56
Weighted Average Basic Shares Outstanding	258.44M	253.67M	248.74M	248.95M	249.40M	245.94M	243.65M	239.77M	236.73M	237.01M	237.43M
Diluted Earnings per Share	$2.50	$1.73	$2.79	$1.00	$1.83	$0.39	$0.13	$3.10	$1.36	$4.57	$4.54
Weighted Average Diluted Shares Outstanding	258.68M	254.13M	248.97M	249.15M	249.71M	246.12M	244.13M	240.39M	237.30M	237.80M	238.45M
Weighted Average Basic & Diluted Shares Outstanding	258.40M	253.20M	249M	247.90M	249.57M	243.51M	243.90M	236.47M	236.79M	237.12M	237.55M

This table shows Pilgrim's Pride's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025	3/29/2026
Net Income / (Loss) Attributable to Common Shareholders	121	135	174	326	350	236	296	356	343	88	101
Consolidated Net Income / (Loss)	122	134	175	327	350	236	296	356	343	88	101
Net Income / (Loss) Continuing Operations	122	134	175	327	350	236	296	356	343	88	101
Total Pre-Tax Income	166	157	227	427	482	276	390	476	461	175	132
Total Operating Income	206	184	250	441	508	307	404	512	493	204	163
Total Gross Profit	346	321	384	692	684	553	555	715	659	429	345
Total Revenue	4,360	4,528	4,362	4,559	4,585	4,372	4,463	4,757	4,759	4,518	4,533
Operating Revenue	4,360	4,528	4,362	4,559	4,585	4,372	4,463	4,757	4,759	4,518	4,533
Total Cost of Revenue	4,014	4,207	3,978	3,868	3,901	3,819	3,908	4,042	4,100	4,089	4,187
Operating Cost of Revenue	4,014	4,207	3,978	3,868	3,901	3,819	3,908	4,042	4,100	4,089	4,187
Total Operating Expenses	140	137	134	251	176	247	150	203	167	224	183
Selling, General & Admin Expense	139	131	119	214	145	235	134	199	165	215	180
Restructuring Charge	0.94	5.66	15	37	31	11	17	3.50	1.78	9.46	2.77
Total Other Income / (Expense), net	-40	-28	-23	-14	-27	-30	-14	-37	-31	-29	-31
Interest Expense	46	67	41	31	42	47	42	42	38	39	38
Interest & Investment Income	12	12	10	16	22	24	25	11	9.17	5.97	6.87
Other Income / (Expense), net	-6.72	27	7.62	1.72	-7.26	-7.38	2.75	-5.31	-2.24	3.67	0.24
Income Tax Expense	45	22	52	101	132	41	94	120	118	87	30
Net Income / (Loss) Attributable to Noncontrolling Interest	0.29	-0.44	0.52	0.22	0.13	-0.08	0.31	0.49	0.25	-0.06	0.03
Basic Earnings per Share	$0.51	$0.57	$0.74	$1.38	$1.48	$0.98	$1.25	$1.50	$1.44	$0.37	$0.43
Weighted Average Basic Shares Outstanding	236.79M	236.73M	236.84M	236.94M	237.12M	237.01M	237.24M	237.38M	237.55M	237.43M	237.71M
Diluted Earnings per Share	$0.51	$0.58	$0.73	$1.37	$1.47	$1.00	$1.24	$1.49	$1.44	$0.37	$0.43
Weighted Average Diluted Shares Outstanding	237.35M	237.30M	237.49M	237.73M	237.89M	237.80M	238.28M	238.43M	238.53M	238.45M	238.56M
Weighted Average Basic & Diluted Shares Outstanding	236.79M	236.79M	236.94M	237.12M	237.12M	237.12M	237.12M	237.55M	237.55M	237.55M	237.92M

This table details how cash moves in and out of Pilgrim's Pride's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/27/2015	12/25/2016	12/31/2017	12/30/2018	12/29/2019	12/27/2020	12/26/2021	12/25/2022	12/31/2023	12/29/2024	12/28/2025
Net Change in Cash & Equivalents	-118	-399	292	-228	-81	268	-98	-15	296	1,312	-1,403
Net Cash From Operating Activities	1,020	795	801	492	667	724	326	670	678	1,990	1,372
Net Cash From Continuing Operating Activities	1,020	795	801	492	667	724	326	670	678	1,990	1,372
Net Income / (Loss) Continuing Operations	663	480	718	247	457	95	31	747	322	1,087	1,083
Consolidated Net Income / (Loss)	663	480	718	247	457	95	31	747	322	1,087	1,083
Depreciation Expense	174	232	272	274	287	337	381	403	420	434	456
Amortization Expense	0.00	0.00	5.79	4.90	4.15	4.18	4.93	4.75	9.64	7.54	4.94
Non-Cash Adjustments To Reconcile Net Income	-2.58	-1.57	1.07	37	-62	-8.91	36	-6.65	26	34	37
Changes in Operating Assets and Liabilities, net	186	85	-196	-71	-20	297	-127	-478	-100	428	-209
Net Cash From Investing Activities	-549	-328	-992	-339	-717	-327	-1,324	-445	-503	-461	-706
Net Cash From Continuing Investing Activities	-549	-328	-992	-339	-717	-327	-1,324	-445	-503	-461	-706
Purchase of Property, Plant & Equipment	-190	-341	-340	-349	-348	-355	-382	-487	-544	-476	-711
Sale of Property, Plant & Equipment	15	13	4.48	9.78	16	32	25	36	20	15	5.56
Other Investing Activities, net	0.00	0.00	1.85	-	-	0.00	0.00	16	21	0.00	0.00
Net Cash From Financing Activities	-585	-828	466	-384	-35	-137	901	-232	117	-151	-2,113
Net Cash From Continuing Financing Activities	-585	-828	466	-384	-35	-137	901	-232	117	-151	-2,113
Repayment of Debt	-703	-636	-1,396	-1,139	-291	-431	-2,050	-393	-1,650	-152	-117
Payment of Dividends	-1,498	-715	-	-	-	-	-	-	0.00	0.00	-1,996
Issuance of Debt	1,709	630	1,872	748	259	405	2,952	363	1,768	0.00	0.00
Other Financing Activities, net	6.47	3.69	5.04	5.56	-0.53	0.00	-0.65	-1.96	-1.59	1.43	0.00
Effect of Exchange Rate Changes	-4.26	-39	16	3.53	4.07	7.29	-	-7.96	-	-	44
Cash Interest Paid	43	70	81	155	131	131	119	156	131	182	155
Cash Income Taxes Paid	361	161	123	254	126	52	21	386	20	198	362

This table details how cash moves in and out of Pilgrim's Pride's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025	3/29/2026
Net Change in Cash & Equivalents	162	-208	164	439	550	159	34	-1,219	-243	25	-98
Net Cash From Operating Activities	310	278	271	719	651	349	127	495	458	291	141
Net Cash From Continuing Operating Activities	310	278	271	719	651	349	127	495	458	291	141
Net Income / (Loss) Continuing Operations	122	134	175	327	350	236	296	356	343	88	101
Consolidated Net Income / (Loss)	122	134	175	327	350	236	296	356	343	88	101
Depreciation Expense	104	112	103	108	110	112	105	114	116	122	118
Amortization Expense	1.33	1.31	1.31	1.26	1.23	1.24	1.24	1.25	1.23	1.22	1.22
Non-Cash Adjustments To Reconcile Net Income	3.44	26	7.23	5.83	15	8.89	9.01	11	6.00	11	8.69
Changes in Operating Assets and Liabilities, net	80	4.53	-16	277	175	-8.42	-284	14	-8.37	69	-89
Net Cash From Investing Activities	-144	-109	-106	-102	-99	-154	-97	-159	-181	-269	-236
Net Cash From Continuing Investing Activities	-144	-109	-106	-102	-99	-154	-97	-159	-181	-269	-236
Purchase of Property, Plant & Equipment	-146	-111	-108	-105	-104	-159	-98	-161	-182	-270	-235
Acquisitions	-	-	-	-	-	-	0.00	-	-	-	-3.07
Sale of Property, Plant & Equipment	2.18	2.60	2.22	2.33	5.17	5.63	1.19	1.73	1.23	1.41	1.68
Net Cash From Financing Activities	-0.16	-384	1.26	-151	-0.78	-0.45	-3.55	-1,585	-524	-0.46	-0.15
Net Cash From Continuing Financing Activities	-0.16	-384	1.26	-151	-0.78	-0.45	-3.55	-1,585	-524	-0.46	-0.15
Repayment of Debt	-200	-874	-0.17	-151	-0.78	-0.45	-3.55	-89	-24	-0.46	-0.15
Effect of Exchange Rate Changes	-4.46	6.25	-2.41	-26	-1.55	-37	8.06	30	3.58	2.65	-2.31

This table presents Pilgrim's Pride's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/27/2015	12/25/2016	12/31/2017	12/30/2018	12/29/2019	12/27/2020	12/26/2021	12/25/2022	12/31/2023	12/29/2024	12/28/2025
Total Assets	3,318	5,022	6,249	5,931	7,102	7,474	8,913	9,256	9,810	10,651	10,344
Total Current Assets	1,746	1,810	2,516	2,235	2,598	2,903	3,306	3,892	4,204	5,120	4,237
Cash & Equivalents	440	293	582	338	261	548	428	401	698	2,041	640
Accounts Receivable	352	450	568	563	0.94	1.08	1.35	1,100	1,131	1,007	1,178
Inventories, net	801	976	1,255	1,160	1,384	1,359	1,576	1,990	1,985	1,783	2,031
Prepaid Expenses	76	82	103	112	132	183	238	211	196	201	273
Current Deferred & Refundable Income Taxes	71	-	0.00	38	60	69	28	156	161	72	104
Other Current Assets	-	-	-	-	741	742	1,013	-	0.00	3.06	11
Plant, Property, & Equipment, net	1,353	1,834	2,095	2,162	2,592	2,657	2,918	2,941	3,158	3,138	3,533
Total Noncurrent Assets	220	1,378	1,637	1,535	1,912	1,914	2,689	2,423	2,447	2,393	2,573
Goodwill	157	887	1,002	950	974	1,005	1,337	1,228	1,286	1,239	1,339
Intangible Assets	47	472	617	564	596	590	963	846	854	806	832
Noncurrent Deferred & Refundable Income Taxes	-	-	0.00	4.25	4.43	5.47	5.31	1.97	4.89	29	31
Other Noncurrent Operating Assets	16	19	18	17	338	314	384	347	302	318	371
Total Liabilities & Shareholders' Equity	3,318	5,022	6,249	5,931	7,102	7,474	8,913	9,256	9,810	10,651	10,344
Total Liabilities	2,057	2,936	4,393	3,912	4,566	4,899	6,324	6,402	6,466	6,397	6,650
Total Current Liabilities	847	1,185	1,453	1,296	1,648	1,938	2,391	2,570	2,496	2,552	2,890
Short-Term Debt	29	16	48	30	26	25	26	26	0.67	0.86	0.92
Accounts Payable	490	795	736	835	998	1,038	1,400	1,600	1,452	1,427	1,632
Accrued Expenses	315	347	410	389	575	808	860	851	927	1,016	1,096
Current Deferred & Payable Income Tax Liabilities	13	28	222	8.22	7.08	0.00	82	58	32	60	124
Other Current Liabilities	-	-	37	33	-	-	-	34	85	49	38
Total Noncurrent Liabilities	1,210	1,751	2,940	2,615	2,918	2,962	3,933	3,832	3,970	3,845	3,760
Long-Term Debt	986	-	-	-	2,276	2,256	3,191	3,166	3,341	3,206	3,093
Noncurrent Deferred & Payable Income Tax Liabilities	132	252	208	245	310	340	369	364	386	423	452
Other Noncurrent Operating Liabilities	92	1,499	2,732	2,370	332	366	373	302	244	216	214
Total Equity & Noncontrolling Interests	1,262	2,086	1,856	2,020	2,536	2,575	2,589	2,853	3,345	4,253	3,694
Total Preferred & Common Equity	1,259	2,078	1,846	2,010	2,526	2,564	2,577	2,841	3,331	4,239	3,680
Total Common Equity	1,259	2,078	1,846	2,010	2,526	2,564	2,577	2,841	3,331	4,239	3,680
Common Stock	1,678	3,408	1,935	1,948	1,958	1,957	1,967	1,972	1,981	1,997	2,026
Retained Earnings	-261	-783	174	422	878	973	1,004	1,749	2,071	3,158	2,246
Treasury Stock	-99	-217	-232	-232	-235	-345	-345	-545	-545	-545	-545
Accumulated Other Comprehensive Income / (Loss)	-59	-330	-31	-128	-75	-21	-48	-336	-176	-370	-47
Noncontrolling Interest	2.95	8.27	9.51	9.79	10	12	12	12	13	14	14

This table presents Pilgrim's Pride's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/25/2022	3/26/2023	6/25/2023	9/24/2023	3/31/2024	6/30/2024	9/29/2024	3/30/2025	6/29/2025	9/28/2025	3/29/2026
Total Assets	9,079	9,228	9,923	9,928	9,768	10,078	10,701	10,964	10,119	9,952	10,203
Total Current Assets	4,033	3,823	4,365	4,429	4,172	4,512	5,055	5,367	4,257	4,067	4,027
Cash & Equivalents	654	151	731	899	871	1,317	1,878	2,067	849	613	542
Accounts Receivable	1,125	2.13	1,165	1,153	1,052	1,048	1,070	1,117	1,141	1,142	1,090
Inventories, net	1,935	2,022	2,048	1,997	1,862	1,806	1,781	1,856	1,941	1,969	2,030
Prepaid Expenses	227	232	241	220	222	231	241	258	246	261	261
Current Deferred & Refundable Income Taxes	62	144	134	120	141	93	63	56	68	66	93
Other Current Assets	-	1,237	-	0.00	0.00	0.00	5.64	3.15	3.34	14	11
Plant, Property, & Equipment, net	2,812	2,997	3,086	3,103	3,152	3,123	3,113	3,161	3,298	3,357	3,642
Total Noncurrent Assets	2,234	2,408	2,472	2,395	2,445	2,443	2,532	2,435	2,564	2,528	2,533
Goodwill	1,124	1,244	1,283	1,243	1,275	1,258	1,313	1,272	1,350	1,328	1,317
Intangible Assets	780	849	868	832	838	829	862	820	860	835	810
Noncurrent Deferred & Refundable Income Taxes	4.64	7.96	18	26	7.15	32	30	29	29	30	30
Other Noncurrent Operating Assets	325	307	303	294	325	324	327	315	325	336	376
Total Liabilities & Shareholders' Equity	9,079	9,228	9,923	9,928	9,768	10,078	10,701	10,964	10,119	9,952	10,203
Total Liabilities	6,339	6,321	6,850	6,837	6,274	6,333	6,482	7,816	6,366	6,397	6,466
Total Current Liabilities	2,608	2,494	2,542	2,531	2,280	2,484	2,587	3,990	2,619	2,689	2,721
Short-Term Debt	26	26	0.99	0.94	0.65	0.59	0.55	0.86	0.87	0.91	0.92
Accounts Payable	1,557	1,538	1,530	1,488	1,309	1,361	1,411	1,438	1,540	1,507	1,553
Accrued Expenses	857	863	934	933	876	999	1,001	920	970	977	1,001
Current Deferred & Payable Income Tax Liabilities	132	19	15	34	48	56	90	93	60	148	133
Other Current Liabilities	-	-	61	-	-	-	85	-	49	-	33
Total Noncurrent Liabilities	3,731	3,827	4,308	4,305	3,994	3,849	3,894	3,827	3,747	3,708	3,745
Long-Term Debt	3,184	3,197	3,700	3,701	3,343	3,183	3,184	3,200	3,114	3,092	3,096
Noncurrent Deferred & Payable Income Tax Liabilities	278	347	337	347	401	419	472	419	426	408	442
Other Noncurrent Operating Liabilities	269	283	271	257	251	246	238	208	207	208	208
Total Equity & Noncontrolling Interests	2,740	2,907	3,073	3,091	3,494	3,745	4,219	3,147	3,753	3,556	3,736
Total Preferred & Common Equity	2,728	2,894	3,059	3,078	3,481	3,732	4,205	3,133	3,738	3,542	3,723
Total Common Equity	2,728	2,894	3,059	3,078	3,481	3,732	4,205	3,133	3,738	3,542	3,723
Common Stock	1,973	1,974	1,976	1,978	1,986	1,989	1,991	2,004	2,011	2,016	2,032
Retained Earnings	1,904	1,755	1,815	1,936	2,245	2,572	2,922	1,958	2,314	2,158	2,347
Treasury Stock	-545	-545	-545	-545	-545	-545	-545	-545	-545	-545	-545
Accumulated Other Comprehensive Income / (Loss)	-605	-290	-187	-292	-206	-284	-164	-284	-42	-87	-112
Noncontrolling Interest	13	13	13	14	14	14	14	14	15	14	14

This table displays calculated financial ratios and metrics derived from Pilgrim's Pride's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/27/2015	12/25/2016	12/31/2017	12/30/2018	12/29/2019	12/27/2020	12/26/2021	12/25/2022	12/31/2023	12/29/2024	12/28/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.97%	12.86%	9.00%	1.58%	4.31%	5.98%	22.21%	18.21%	-0.61%	2.97%	3.46%
EBITDA Growth	-8.96%	-15.50%	32.07%	-44.07%	35.13%	-39.46%	-0.65%	155.23%	-39.18%	102.21%	6.77%
EBIT Growth	-11.50%	-23.63%	35.64%	-55.50%	52.92%	-61.86%	-17.29%	403.66%	-54.51%	182.18%	7.44%
NOPAT Growth	-9.51%	-25.24%	49.30%	-53.04%	38.64%	-71.75%	-50.44%	1,098.56%	-46.19%	151.54%	0.37%
Net Income Growth	-6.81%	-27.58%	49.58%	-65.63%	84.98%	-79.18%	-67.11%	2,287.55%	-56.83%	237.31%	-0.36%
EPS Growth	-8.76%	-30.80%	61.27%	-64.16%	83.00%	-78.69%	-66.67%	2,284.62%	-56.13%	236.03%	-0.66%
Operating Cash Flow Growth	-4.34%	-22.05%	0.75%	-38.65%	35.57%	8.66%	-54.92%	105.19%	1.20%	193.58%	-31.08%
Free Cash Flow Firm Growth	-47.54%	12.09%	128.38%	-100.55%	-33,691.47%	116.71%	-347.82%	161.58%	-80.50%	1,355.65%	-75.22%
Invested Capital Growth	12.72%	-1.69%	-27.01%	28.57%	169.95%	-5.48%	24.33%	4.76%	6.12%	-9.20%	13.70%
Revenue Q/Q Growth	5.08%	9.52%	-5.69%	-0.78%	3.70%	0.45%	6.65%	0.51%	2.36%	-0.87%	0.79%
EBITDA Q/Q Growth	-12.25%	6.75%	-1.20%	-17.11%	16.68%	-13.00%	10.03%	-9.87%	48.86%	4.72%	-3.79%
EBIT Q/Q Growth	-15.00%	8.85%	-2.87%	-23.99%	22.87%	-27.14%	19.57%	-12.53%	133.04%	6.24%	-5.37%
NOPAT Q/Q Growth	-13.45%	7.35%	4.34%	-27.35%	8.93%	-30.33%	549.49%	-16.52%	321.80%	9.87%	-11.66%
Net Income Q/Q Growth	-11.59%	5.97%	3.88%	-36.55%	28.21%	-49.15%	742.05%	-20.42%	874.83%	10.30%	-12.01%
EPS Q/Q Growth	-13.49%	1.76%	10.28%	-36.31%	27.97%	-48.68%	750.00%	-20.10%	806.67%	10.12%	-12.19%
Operating Cash Flow Q/Q Growth	-8.94%	11.08%	-7.03%	-19.15%	10.74%	13.28%	-39.92%	-15.16%	143.10%	3.70%	-4.07%
Free Cash Flow Firm Q/Q Growth	-21.14%	-63.18%	494.19%	-103.55%	-675.31%	116.82%	2.37%	-41.40%	124.49%	21.86%	-46.65%
Invested Capital Q/Q Growth	-0.86%	118.11%	-3.63%	0.91%	163.20%	0.60%	1.70%	6.55%	1.71%	-1.85%	1.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.84%	11.18%	13.67%	7.71%	9.38%	6.93%	9.24%	10.37%	6.44%	12.94%	12.75%
EBITDA Margin	13.91%	10.42%	12.62%	6.95%	9.00%	5.14%	4.18%	9.03%	5.52%	10.85%	11.21%
Operating Margin	12.12%	8.02%	9.96%	4.53%	6.05%	2.03%	1.43%	6.74%	3.01%	8.42%	8.72%
EBIT Margin	11.93%	8.07%	10.04%	4.40%	6.45%	2.32%	1.57%	6.69%	3.06%	8.39%	8.72%
Profit (Net Income) Margin	7.57%	4.86%	6.67%	2.26%	4.00%	0.79%	0.21%	4.27%	1.86%	6.08%	5.86%
Tax Burden Percent	66.21%	66.31%	73.13%	74.29%	73.93%	58.75%	33.84%	72.80%	88.25%	76.98%	72.12%
Interest Burden Percent	95.91%	90.80%	90.80%	69.04%	83.92%	57.66%	39.80%	87.71%	68.67%	94.10%	93.16%
Effective Tax Rate	33.79%	33.69%	26.87%	25.71%	26.07%	41.25%	66.16%	27.20%	11.75%	23.02%	27.88%
Return on Invested Capital (ROIC)	40.69%	28.95%	50.39%	24.54%	16.35%	3.25%	1.48%	15.62%	7.97%	20.41%	20.14%
ROIC Less NNEP Spread (ROIC-NNEP)	1,566.06%	-3.16%	66.31%	52.33%	9.96%	0.64%	-0.31%	11.64%	2.81%	16.57%	15.69%
Return on Net Nonoperating Assets (RNNOA)	-2.35%	-0.27%	-13.95%	-11.80%	3.70%	0.47%	-0.27%	11.82%	2.43%	8.21%	7.12%
Return on Equity (ROE)	38.34%	28.68%	36.44%	12.74%	20.04%	3.72%	1.21%	27.44%	10.40%	28.62%	27.26%
Cash Return on Invested Capital (CROIC)	28.73%	30.65%	81.62%	-0.47%	-75.53%	8.89%	-20.22%	10.97%	2.03%	30.05%	7.32%
Operating Return on Assets (OROA)	32.57%	19.12%	19.19%	7.90%	11.29%	3.85%	2.83%	12.87%	5.58%	14.67%	15.36%
Return on Assets (ROA)	20.69%	11.51%	12.74%	4.05%	7.01%	1.30%	0.38%	8.22%	3.38%	10.63%	10.32%
Return on Common Equity (ROCE)	38.27%	28.59%	36.27%	12.67%	19.95%	3.70%	1.21%	27.31%	10.36%	28.52%	27.17%
Return on Equity Simple (ROE_SIMPLE)	52.66%	23.11%	38.90%	12.28%	18.08%	3.71%	1.21%	26.28%	9.68%	25.65%	0.00%
Net Operating Profit after Tax (NOPAT)	703	525	784	368	511	144	71	857	461	1,159	1,164
NOPAT Margin	8.03%	5.32%	7.28%	3.37%	4.47%	1.19%	0.48%	4.90%	2.65%	6.49%	6.29%
Net Nonoperating Expense Percent (NNEP)	-1,525.37%	32.11%	-15.91%	-27.80%	6.39%	2.62%	1.79%	3.98%	5.16%	3.84%	4.45%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	14.17%	6.89%	15.54%	17.14%
Cost of Revenue to Revenue	85.16%	88.82%	86.33%	92.29%	90.62%	93.07%	90.76%	89.63%	93.56%	87.06%	87.25%
SG&A Expenses to Revenue	2.65%	3.15%	3.62%	3.14%	3.33%	4.90%	7.77%	3.46%	3.18%	3.99%	3.86%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	2.71%	3.16%	3.71%	3.18%	3.33%	4.90%	7.81%	3.64%	3.43%	4.51%	4.03%
Earnings before Interest and Taxes (EBIT)	1,044	797	1,082	481	736	281	232	1,169	532	1,501	1,612
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,218	1,029	1,359	760	1,027	622	618	1,577	959	1,939	2,074
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.08	2.30	4.19	1.93	3.26	1.84	2.61	1.98	1.97	2.57	2.57
Price to Tangible Book Value (P/TBV)	4.87	6.65	34.02	7.83	8.61	4.87	24.27	7.34	5.50	4.96	6.27
Price to Revenue (P/Rev)	0.59	0.48	0.72	0.35	0.72	0.39	0.45	0.32	0.38	0.61	0.51
Price to Earnings (P/E)	7.95	10.85	11.12	15.66	18.05	49.74	216.56	7.54	20.37	10.02	8.74
Dividend Yield	28.65%	14.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	21.09%
Earnings Yield	12.57%	9.22%	8.99%	6.39%	5.54%	2.01%	0.46%	13.25%	4.91%	9.98%	11.44%
Enterprise Value to Invested Capital (EV/IC)	3.12	2.51	5.48	2.11	2.25	1.50	1.77	1.50	1.54	2.23	1.94
Enterprise Value to Revenue (EV/Rev)	0.65	0.46	0.67	0.33	0.90	0.53	0.64	0.48	0.53	0.67	0.64
Enterprise Value to EBITDA (EV/EBITDA)	4.69	4.38	5.29	4.68	9.99	10.38	15.36	5.33	9.56	6.22	5.75
Enterprise Value to EBIT (EV/EBIT)	5.47	5.65	6.65	7.40	13.94	23.01	40.89	7.18	17.25	8.03	7.40
Enterprise Value to NOPAT (EV/NOPAT)	8.14	8.58	9.17	9.67	20.10	44.78	132.83	9.80	19.90	10.40	10.25
Enterprise Value to Operating Cash Flow (EV/OCF)	5.60	5.67	8.98	7.24	15.39	8.92	29.08	12.54	13.53	6.06	8.70
Enterprise Value to Free Cash Flow (EV/FCFF)	11.52	8.10	5.66	0.00	0.00	16.38	0.00	13.96	78.21	7.06	28.19
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.80	0.01	0.03	0.02	0.91	0.89	1.24	1.12	1.00	0.75	0.84
Long-Term Debt to Equity	0.78	0.00	0.00	0.00	0.90	0.88	1.23	1.11	1.00	0.75	0.84
Financial Leverage	0.00	0.08	-0.21	-0.23	0.37	0.73	0.87	1.02	0.87	0.50	0.45
Leverage Ratio	1.85	2.49	2.86	3.14	2.86	2.85	3.17	3.34	3.08	2.69	2.64
Compound Leverage Factor	1.78	2.26	2.60	2.17	2.40	1.64	1.26	2.93	2.11	2.53	2.46
Debt to Total Capital	44.56%	0.75%	2.51%	1.48%	47.59%	46.97%	55.41%	52.81%	49.98%	42.99%	45.58%
Short-Term Debt to Total Capital	1.27%	0.75%	2.51%	1.48%	0.55%	0.52%	0.45%	0.43%	0.01%	0.01%	0.01%
Long-Term Debt to Total Capital	43.30%	0.00%	0.00%	0.00%	47.04%	46.45%	54.96%	52.37%	49.97%	42.98%	45.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.13%	0.39%	0.50%	0.48%	0.21%	0.24%	0.20%	0.21%	0.20%	0.19%	0.20%
Common Equity to Total Capital	55.31%	98.86%	96.99%	98.04%	52.20%	52.79%	44.38%	46.99%	49.83%	56.83%	54.22%
Debt to EBITDA	0.83	0.02	0.04	0.04	2.24	3.67	5.21	2.02	3.48	1.65	1.49
Net Debt to EBITDA	0.47	-0.27	-0.40	-0.44	1.97	2.79	4.48	1.75	2.72	0.59	1.18
Long-Term Debt to EBITDA	0.81	0.00	0.00	0.00	2.22	3.63	5.16	2.01	3.48	1.65	1.49
Debt to NOPAT	1.44	0.03	0.06	0.08	4.51	15.82	45.02	3.73	7.25	2.77	2.66
Net Debt to NOPAT	0.82	-0.54	-0.69	-0.90	3.96	12.01	38.72	3.22	5.66	1.00	2.11
Long-Term Debt to NOPAT	1.40	0.00	0.00	0.00	4.46	15.64	44.65	3.70	7.25	2.77	2.66
Altman Z-Score	5.39	3.40	3.59	3.00	3.36	2.66	2.66	3.27	3.06	3.87	3.62
Noncontrolling Interest Sharing Ratio	0.17%	0.34%	0.45%	0.50%	0.44%	0.43%	0.45%	0.45%	0.41%	0.36%	0.35%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.06	1.53	1.73	1.72	1.58	1.50	1.38	1.51	1.68	2.01	1.47
Quick Ratio	0.93	0.63	0.79	0.70	0.16	0.28	0.18	0.58	0.73	1.20	0.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	496	556	1,270	-6.98	-2,359	394	-977	602	117	1,707	423
Operating Cash Flow to CapEx	580.91%	242.80%	238.92%	145.08%	200.54%	224.37%	91.46%	148.33%	129.36%	431.89%	194.42%
Free Cash Flow to Firm to Interest Expense	10.66	7.35	11.85	-0.04	-17.79	3.13	-6.70	3.94	0.58	10.59	2.62
Operating Cash Flow to Interest Expense	21.92	10.52	7.48	3.02	5.03	5.74	2.24	4.39	3.35	12.35	8.50
Operating Cash Flow Less CapEx to Interest Expense	18.15	6.18	4.35	0.94	2.52	3.18	-0.21	1.43	0.76	9.49	4.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.73	2.37	1.91	1.80	1.75	1.66	1.80	1.92	1.82	1.75	1.76
Accounts Receivable Turnover	23.79	24.66	21.16	19.34	40.47	11,924.95	12,167.52	31.73	15.57	16.73	16.93
Inventory Turnover	9.37	9.88	8.33	8.36	8.13	8.21	9.14	8.78	8.17	8.26	8.46
Fixed Asset Turnover	6.90	6.20	5.48	5.14	4.80	4.61	5.30	5.96	5.69	5.68	5.55
Accounts Payable Turnover	16.67	13.66	12.15	12.85	11.28	11.05	11.00	10.44	10.65	10.81	10.55
Days Sales Outstanding (DSO)	15.34	14.80	17.25	18.88	9.02	0.03	0.03	11.50	23.45	21.82	21.56
Days Inventory Outstanding (DIO)	38.97	36.96	43.79	43.65	44.89	44.47	39.93	41.57	44.67	44.19	43.14
Days Payable Outstanding (DPO)	21.90	26.72	30.05	28.40	32.35	33.02	33.19	34.98	34.29	33.75	34.59
Cash Conversion Cycle (CCC)	32.42	25.04	30.99	34.13	21.56	11.49	6.78	18.09	33.82	32.26	30.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,830	1,799	1,313	1,688	4,558	4,308	5,356	5,611	5,955	5,407	6,148
Invested Capital Turnover	5.07	5.44	6.92	7.29	3.65	2.73	3.06	3.19	3.00	3.15	3.20
Increase / (Decrease) in Invested Capital	206	-31	-486	375	2,869	-250	1,048	255	344	-548	741
Enterprise Value (EV)	5,716	4,507	7,194	3,560	10,261	6,457	9,492	8,398	9,173	12,056	11,927
Market Capitalization	5,138	4,780	7,726	3,882	8,228	4,713	6,713	5,628	6,550	10,889	9,459
Book Value per Share	$4.93	$8.27	$7.42	$8.07	$10.12	$10.53	$10.58	$12.01	$14.07	$17.88	$15.49
Tangible Book Value per Share	$4.13	$2.86	$0.91	$1.99	$3.83	$3.98	$1.14	$3.24	$5.03	$9.25	$6.35
Total Capital	2,276	2,102	1,903	2,050	4,838	4,856	5,806	6,046	6,686	7,460	6,788
Total Debt	1,014	16	48	30	2,302	2,281	3,217	3,193	3,342	3,207	3,094
Total Long-Term Debt	986	0.00	0.00	0.00	2,276	2,256	3,191	3,166	3,341	3,206	3,093
Net Debt	575	-282	-542	-331	2,022	1,733	2,767	2,758	2,610	1,154	2,454
Capital Expenditures (CapEx)	176	328	335	339	332	323	357	452	524	461	706
Debt-free, Cash-free Net Working Capital (DFCFNWC)	488	343	522	607	696	442	491	913	978	516	708
Debt-free Net Working Capital (DFNWC)	928	640	1,112	969	976	991	941	1,348	1,709	2,569	1,348
Net Working Capital (NWC)	899	625	1,064	938	950	965	915	1,321	1,709	2,568	1,347
Net Nonoperating Expense (NNE)	40	45	66	121	54	49	40	110	139	72	80
Net Nonoperating Obligations (NNO)	568	-287	-542	-331	2,022	1,733	2,767	2,758	2,610	1,154	2,454
Total Depreciation and Amortization (D&A)	174	232	278	279	291	341	386	408	427	439	461
Debt-free, Cash-free Net Working Capital to Revenue	5.58%	3.47%	4.85%	5.55%	6.10%	3.66%	3.32%	5.23%	5.63%	2.88%	3.83%
Debt-free Net Working Capital to Revenue	10.60%	6.48%	10.32%	8.86%	8.56%	8.19%	6.37%	7.72%	9.84%	14.37%	7.29%
Net Working Capital to Revenue	10.27%	6.32%	9.88%	8.58%	8.33%	7.98%	6.19%	7.56%	9.84%	14.36%	7.28%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.50	$1.74	$2.79	$1.00	$1.83	$0.39	$0.13	$3.11	$1.36	$4.58	$4.56
Adjusted Weighted Average Basic Shares Outstanding	258.44M	253.67M	248.74M	248.95M	249.40M	245.94M	243.65M	239.77M	236.73M	237.01M	237.43M
Adjusted Diluted Earnings per Share	$2.50	$1.73	$2.79	$1.00	$1.83	$0.39	$0.13	$3.10	$1.36	$4.57	$4.54
Adjusted Weighted Average Diluted Shares Outstanding	258.68M	254.13M	248.97M	249.15M	249.71M	246.12M	244.13M	240.39M	237.30M	237.80M	238.45M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	254.82M	248.37M	248.75M	248.97M	249.57M	243.51M	243.90M	236.47M	236.79M	237.12M	237.55M
Normalized Net Operating Profit after Tax (NOPAT)	706	526	791	372	510	144	152	879	500	1,231	1,186
Normalized NOPAT Margin	8.07%	5.32%	7.35%	3.40%	4.47%	1.19%	1.03%	5.03%	2.88%	6.89%	6.41%
Pre Tax Income Margin	11.44%	7.33%	9.12%	3.04%	5.41%	1.34%	0.63%	5.87%	2.10%	7.90%	8.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	22.43	10.54	10.09	2.96	5.55	2.23	1.59	7.66	2.63	9.31	9.99
NOPAT to Interest Expense	15.09	6.94	7.32	2.26	3.85	1.14	0.49	5.61	2.28	7.19	7.21
EBIT Less CapEx to Interest Expense	18.66	6.21	6.96	0.87	3.04	-0.33	-0.86	4.70	0.04	6.45	5.62
NOPAT Less CapEx to Interest Expense	11.32	2.61	4.19	0.18	1.34	-1.42	-1.96	2.65	-0.31	4.33	2.84
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	226.02%	148.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	184.21%
Augmented Payout Ratio	240.99%	173.45%	0.00%	0.10%	0.63%	115.96%	0.00%	26.73%	0.00%	0.00%	184.21%

This table displays calculated financial ratios and metrics derived from Pilgrim's Pride's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025	6/29/2025	9/28/2025	12/28/2025	3/29/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	237,547,447.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	237,547,447.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.43
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.43%	9.71%	4.71%	5.83%	5.16%	-3.45%	2.32%	4.34%	3.80%	3.33%	1.56%
EBITDA Growth	-33.55%	3,116.45%	167.68%	185.18%	100.73%	26.91%	41.49%	12.70%	-0.78%	-20.29%	-44.93%
EBIT Growth	-44.38%	328.28%	619.32%	419.34%	150.99%	41.75%	57.90%	14.58%	-2.14%	-30.57%	-60.02%
NOPAT Growth	-44.17%	391.01%	779.09%	152.03%	144.62%	65.58%	59.17%	13.83%	-0.85%	-60.72%	-59.25%
Net Income Growth	-53.06%	186.56%	3,006.70%	436.09%	187.90%	75.67%	69.40%	9.03%	-1.98%	-62.71%	-65.77%
EPS Growth	-52.78%	192.06%	3,550.00%	448.00%	188.24%	72.41%	69.86%	8.76%	-2.04%	-63.00%	-65.32%
Operating Cash Flow Growth	-16.01%	330.46%	267.61%	186.26%	109.87%	25.53%	-53.18%	-31.09%	-29.61%	-16.64%	10.98%
Free Cash Flow Firm Growth	-261.24%	39.95%	141.38%	334.02%	263.61%	535.80%	148.17%	-104.18%	-122.07%	-178.81%	-182.58%
Invested Capital Growth	11.17%	6.12%	-0.04%	-6.69%	-5.91%	-9.20%	-2.98%	7.41%	9.51%	13.70%	9.10%
Revenue Q/Q Growth	1.21%	3.86%	-3.67%	4.53%	0.56%	-4.64%	2.08%	6.60%	0.04%	-5.07%	0.33%
EBITDA Q/Q Growth	57.79%	6.44%	11.58%	52.17%	11.07%	-32.71%	24.40%	21.21%	-2.21%	-45.61%	-14.58%
EBIT Q/Q Growth	134.31%	5.75%	22.15%	71.58%	13.24%	-40.28%	36.07%	24.51%	-3.29%	-57.63%	-21.65%
NOPAT Q/Q Growth	12.97%	4.57%	22.13%	74.69%	9.65%	-29.22%	17.41%	24.93%	-4.50%	-71.96%	21.80%
Net Income Q/Q Growth	99.59%	10.40%	30.35%	86.65%	7.19%	-32.63%	25.69%	20.13%	-3.64%	-74.37%	15.37%
EPS Q/Q Growth	104.00%	13.73%	25.86%	87.67%	7.30%	-31.97%	24.00%	20.16%	-3.36%	-74.31%	16.22%
Operating Cash Flow Q/Q Growth	23.59%	-10.31%	-2.61%	165.15%	-9.39%	-46.35%	-63.68%	290.27%	-7.45%	-36.46%	-51.64%
Free Cash Flow Firm Q/Q Growth	-38.59%	57.51%	204.98%	278.57%	-3.10%	13.17%	-40.22%	-106.37%	-412.08%	-304.08%	37.36%
Invested Capital Q/Q Growth	-2.36%	1.71%	-0.20%	-5.85%	-1.54%	-1.85%	6.64%	4.22%	0.39%	1.90%	2.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	7.93%	7.09%	8.80%	15.17%	14.92%	12.65%	12.43%	15.04%	13.85%	9.49%	7.62%
EBITDA Margin	7.00%	7.18%	8.31%	12.10%	13.37%	9.43%	11.49%	13.07%	12.78%	7.32%	6.23%
Operating Margin	4.73%	4.07%	5.74%	9.67%	11.09%	7.01%	9.06%	10.77%	10.35%	4.52%	3.59%
EBIT Margin	4.58%	4.66%	5.91%	9.71%	10.93%	6.85%	9.12%	10.66%	10.30%	4.60%	3.59%
Profit (Net Income) Margin	2.79%	2.96%	4.01%	7.16%	7.63%	5.39%	6.64%	7.48%	7.21%	1.95%	2.24%
Tax Burden Percent	73.18%	85.69%	77.07%	76.44%	72.67%	85.27%	75.90%	74.86%	74.36%	50.32%	76.96%
Interest Burden Percent	83.21%	74.18%	88.02%	96.53%	96.11%	92.39%	95.88%	93.80%	94.09%	84.10%	80.97%
Effective Tax Rate	26.82%	14.31%	22.93%	23.56%	27.33%	14.73%	24.10%	25.14%	25.64%	49.68%	23.04%
Return on Invested Capital (ROIC)	10.57%	10.47%	13.06%	22.71%	25.58%	18.82%	21.13%	25.26%	24.47%	7.28%	8.50%
ROIC Less NNEP Spread (ROIC-NNEP)	9.45%	9.59%	12.41%	22.27%	24.62%	17.46%	20.70%	23.92%	23.24%	6.46%	7.59%
Return on Net Nonoperating Assets (RNNOA)	8.57%	8.30%	10.64%	15.59%	13.65%	8.65%	15.80%	13.10%	11.26%	2.93%	5.70%
Return on Equity (ROE)	19.14%	18.77%	23.70%	38.30%	39.23%	27.47%	36.92%	38.35%	35.74%	10.21%	14.20%
Cash Return on Invested Capital (CROIC)	-8.61%	2.03%	10.33%	21.39%	24.66%	30.05%	24.77%	15.61%	13.74%	7.32%	7.55%
Operating Return on Assets (OROA)	8.17%	8.49%	10.93%	17.28%	19.11%	11.96%	15.83%	19.18%	18.31%	8.10%	6.30%
Return on Assets (ROA)	4.98%	5.40%	7.41%	12.75%	13.35%	9.42%	11.52%	13.47%	12.81%	3.43%	3.93%
Return on Common Equity (ROCE)	19.05%	18.70%	23.60%	38.15%	39.08%	27.37%	36.76%	38.21%	35.61%	10.18%	14.14%
Return on Equity Simple (ROE_SIMPLE)	1.07%	0.00%	14.12%	20.29%	23.44%	0.00%	38.58%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	151	158	193	337	369	261	307	384	366	103	125
NOPAT Margin	3.46%	3.49%	4.42%	7.39%	8.06%	5.98%	6.88%	8.06%	7.70%	2.27%	2.76%
Net Nonoperating Expense Percent (NNEP)	1.11%	0.88%	0.65%	0.44%	0.96%	1.37%	0.42%	1.34%	1.23%	0.82%	0.91%
Return On Investment Capital (ROIC_SIMPLE)	-	2.36%	-	-	-	3.51%	4.84%	5.58%	5.51%	1.51%	1.83%
Cost of Revenue to Revenue	92.07%	92.91%	91.20%	84.83%	85.08%	87.35%	87.57%	84.96%	86.15%	90.51%	92.38%
SG&A Expenses to Revenue	3.18%	2.89%	2.73%	4.70%	3.16%	5.38%	3.00%	4.19%	3.47%	4.76%	3.97%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	3.20%	3.02%	3.06%	5.50%	3.83%	5.64%	3.37%	4.27%	3.50%	4.97%	4.04%
Earnings before Interest and Taxes (EBIT)	200	211	258	443	501	299	407	507	490	208	163
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	305	325	363	552	613	412	513	622	608	331	282
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.76	1.97	2.33	2.44	2.48	2.57	3.58	2.83	2.72	2.57	2.34
Price to Tangible Book Value (P/TBV)	5.39	5.50	5.94	5.55	5.15	4.96	10.77	6.92	6.98	6.27	5.46
Price to Revenue (P/Rev)	0.32	0.38	0.46	0.51	0.58	0.61	0.62	0.58	0.52	0.51	0.47
Price to Earnings (P/E)	169.08	20.37	16.56	12.05	10.60	10.02	9.29	8.54	7.83	8.74	9.83
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	14.14%	20.73%	21.09%	22.88%
Earnings Yield	0.59%	4.91%	6.04%	8.30%	9.43%	9.98%	10.77%	11.71%	12.78%	11.44%	10.18%
Enterprise Value to Invested Capital (EV/IC)	1.40	1.54	1.78	1.96	2.13	2.23	2.14	2.14	2.01	1.94	1.79
Enterprise Value to Revenue (EV/Rev)	0.48	0.53	0.60	0.62	0.65	0.67	0.69	0.71	0.66	0.64	0.61
Enterprise Value to EBITDA (EV/EBITDA)	12.69	9.56	8.93	7.11	6.35	6.22	5.91	5.94	5.62	5.75	6.13
Enterprise Value to EBIT (EV/EBIT)	35.83	17.25	14.05	9.88	8.32	8.03	7.49	7.49	7.11	7.40	8.25
Enterprise Value to NOPAT (EV/NOPAT)	74.84	19.90	17.30	13.10	11.14	10.40	9.70	9.72	9.20	10.25	11.52
Enterprise Value to Operating Cash Flow (EV/OCF)	29.33	13.53	9.53	6.96	6.12	6.06	6.69	7.91	8.48	8.70	8.15
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	78.21	17.24	8.86	8.39	7.06	8.52	14.17	15.28	28.19	24.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.20	1.00	0.96	0.85	0.75	0.75	1.02	0.83	0.87	0.84	0.83
Long-Term Debt to Equity	1.20	1.00	0.96	0.85	0.75	0.75	1.02	0.83	0.87	0.84	0.83
Financial Leverage	0.91	0.87	0.86	0.70	0.55	0.50	0.76	0.55	0.48	0.45	0.75
Leverage Ratio	3.26	3.08	2.97	2.93	2.82	2.69	3.12	2.69	2.66	2.64	3.07
Compound Leverage Factor	2.71	2.28	2.61	2.83	2.71	2.49	2.99	2.53	2.50	2.22	2.49
Debt to Total Capital	54.50%	49.98%	48.90%	45.95%	43.02%	42.99%	50.42%	45.36%	46.52%	45.58%	45.32%
Short-Term Debt to Total Capital	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Long-Term Debt to Total Capital	54.48%	49.97%	48.89%	45.94%	43.01%	42.98%	50.41%	45.35%	46.50%	45.57%	45.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.20%	0.20%	0.20%	0.20%	0.19%	0.19%	0.23%	0.22%	0.21%	0.20%	0.20%
Common Equity to Total Capital	45.30%	49.83%	50.90%	53.85%	56.79%	56.83%	49.36%	54.43%	53.28%	54.22%	54.48%
Debt to EBITDA	5.75	3.48	2.82	2.06	1.72	1.65	1.53	1.44	1.44	1.49	1.68
Net Debt to EBITDA	4.29	2.72	2.06	1.20	0.70	0.59	0.54	1.04	1.15	1.18	1.39
Long-Term Debt to EBITDA	5.75	3.48	2.82	2.06	1.72	1.65	1.53	1.44	1.43	1.49	1.68
Debt to NOPAT	33.88	7.25	5.46	3.80	3.02	2.77	2.51	2.36	2.35	2.66	3.16
Net Debt to NOPAT	25.29	5.66	4.00	2.21	1.22	1.00	0.88	1.71	1.88	2.11	2.61
Long-Term Debt to NOPAT	33.87	7.25	5.46	3.80	3.02	2.77	2.51	2.36	2.35	2.66	3.16
Altman Z-Score	2.75	2.95	3.22	3.37	3.47	3.50	3.02	3.47	3.38	3.17	3.16
Noncontrolling Interest Sharing Ratio	0.45%	0.41%	0.42%	0.40%	0.38%	0.36%	0.42%	0.38%	0.36%	0.35%	0.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.75	1.68	1.83	1.82	1.95	2.01	1.35	1.63	1.51	1.47	1.48
Quick Ratio	0.81	0.73	0.84	0.95	1.14	1.20	0.80	0.76	0.65	0.63	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-437	-186	195	738	715	809	484	-31	-158	-638	-400
Operating Cash Flow to CapEx	216.16%	255.58%	255.18%	701.21%	660.86%	227.47%	130.70%	310.90%	253.74%	108.46%	60.41%
Free Cash Flow to Firm to Interest Expense	-9.58	-2.78	4.73	23.66	17.19	17.17	11.59	-0.73	-4.14	-16.35	-10.56
Operating Cash Flow to Interest Expense	6.80	4.17	6.57	23.03	15.65	7.41	3.04	11.66	12.01	7.46	3.72
Operating Cash Flow Less CapEx to Interest Expense	3.65	2.54	4.00	19.75	13.28	4.15	0.71	7.91	7.28	0.58	-2.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.78	1.82	1.85	1.78	1.75	1.75	1.73	1.80	1.78	1.76	1.75
Accounts Receivable Turnover	14.89	15.57	33.33	16.10	16.23	16.73	16.58	16.61	16.59	16.93	16.83
Inventory Turnover	8.17	8.17	8.36	8.34	8.45	8.26	8.33	8.36	8.46	8.46	8.45
Fixed Asset Turnover	5.73	5.69	5.71	5.74	5.80	5.68	5.70	5.66	5.67	5.55	5.46
Accounts Payable Turnover	10.55	10.65	11.40	11.11	11.01	10.81	11.28	10.80	10.88	10.55	10.98
Days Sales Outstanding (DSO)	24.51	23.45	10.95	22.68	22.49	21.82	22.01	21.98	22.00	21.56	21.69
Days Inventory Outstanding (DIO)	44.65	44.67	43.68	43.78	43.21	44.19	43.79	43.64	43.12	43.14	43.19
Days Payable Outstanding (DPO)	34.58	34.29	32.02	32.84	33.16	33.75	32.36	33.79	33.56	34.59	33.25
Cash Conversion Cycle (CCC)	34.58	33.82	22.61	33.61	32.55	32.26	33.44	31.83	31.56	30.11	31.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,854	5,955	5,943	5,595	5,509	5,407	5,766	6,009	6,033	6,148	6,291
Invested Capital Turnover	3.05	3.00	2.95	3.07	3.17	3.15	3.07	3.13	3.18	3.20	3.08
Increase / (Decrease) in Invested Capital	588	344	-2.09	-401	-346	-548	-177	414	524	741	525
Enterprise Value (EV)	8,178	9,173	10,589	10,983	11,752	12,056	12,355	12,838	12,119	11,927	11,291
Market Capitalization	5,401	6,550	8,127	9,120	10,448	10,889	11,218	10,566	9,628	9,459	8,723
Book Value per Share	$13.00	$14.07	$14.70	$15.75	$17.73	$17.88	$13.21	$15.76	$14.91	$15.49	$15.67
Tangible Book Value per Share	$4.23	$5.03	$5.78	$6.94	$8.56	$9.25	$4.39	$6.44	$5.81	$6.35	$6.72
Total Capital	6,794	6,686	6,838	6,929	7,403	7,460	6,348	6,868	6,648	6,788	6,833
Total Debt	3,702	3,342	3,343	3,184	3,185	3,207	3,201	3,115	3,093	3,094	3,097
Total Long-Term Debt	3,701	3,341	3,343	3,183	3,184	3,206	3,200	3,114	3,092	3,093	3,096
Net Debt	2,763	2,610	2,448	1,850	1,290	1,154	1,123	2,257	2,477	2,454	2,554
Capital Expenditures (CapEx)	144	109	106	102	99	154	97	159	181	269	233
Debt-free, Cash-free Net Working Capital (DFCFNWC)	960	978	998	694	574	516	-699	780	763	708	765
Debt-free Net Working Capital (DFNWC)	1,899	1,709	1,893	2,028	2,469	2,569	1,378	1,639	1,379	1,348	1,307
Net Working Capital (NWC)	1,898	1,709	1,892	2,028	2,468	2,568	1,377	1,638	1,378	1,347	1,306
Net Nonoperating Expense (NNE)	29	24	18	10	19	26	11	28	23	15	24
Net Nonoperating Obligations (NNO)	2,763	2,610	2,448	1,850	1,290	1,154	2,619	2,257	2,477	2,454	2,554
Total Depreciation and Amortization (D&A)	106	114	105	109	112	113	106	115	118	123	120
Debt-free, Cash-free Net Working Capital to Revenue	5.66%	5.63%	5.68%	3.90%	3.18%	2.88%	-3.89%	4.29%	4.16%	3.83%	4.12%
Debt-free Net Working Capital to Revenue	11.20%	9.84%	10.78%	11.39%	13.69%	14.37%	7.67%	9.02%	7.51%	7.29%	7.04%
Net Working Capital to Revenue	11.19%	9.84%	10.78%	11.39%	13.69%	14.36%	7.66%	9.01%	7.51%	7.28%	7.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.51	$0.57	$0.74	$1.38	$1.48	$0.98	$1.25	$1.50	$1.44	$0.37	$0.43
Adjusted Weighted Average Basic Shares Outstanding	236.79M	236.73M	236.84M	236.94M	237.12M	237.01M	237.24M	237.38M	237.55M	237.43M	237.71M
Adjusted Diluted Earnings per Share	$0.51	$0.58	$0.73	$1.37	$1.47	$1.00	$1.24	$1.49	$1.44	$0.37	$0.43
Adjusted Weighted Average Diluted Shares Outstanding	237.35M	237.30M	237.49M	237.73M	237.89M	237.80M	238.28M	238.43M	238.53M	238.45M	238.56M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	236.79M	236.79M	236.94M	237.12M	237.12M	237.12M	237.12M	237.55M	237.55M	237.55M	237.92M
Normalized Net Operating Profit after Tax (NOPAT)	152	163	204	365	392	271	320	386	368	107	127
Normalized NOPAT Margin	3.48%	3.59%	4.68%	8.00%	8.55%	6.20%	7.16%	8.12%	7.72%	2.38%	2.81%
Pre Tax Income Margin	3.81%	3.46%	5.20%	9.37%	10.50%	6.32%	8.75%	10.00%	9.69%	3.87%	2.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.37	3.16	6.25	14.18	12.05	6.35	9.76	11.94	12.85	5.33	4.30
NOPAT to Interest Expense	3.31	2.36	4.68	10.80	8.88	5.55	7.36	9.03	9.60	2.63	3.31
EBIT Less CapEx to Interest Expense	1.23	1.53	3.68	10.90	9.68	3.09	7.43	8.19	8.12	-1.56	-1.86
NOPAT Less CapEx to Interest Expense	0.16	0.73	2.10	7.51	6.51	2.29	5.03	5.28	4.87	-4.25	-2.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	184.21%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	184.21%	0.00%

Financials Breakdown Chart

Key Financial Trends

Pilgrim's Pride (PPC) shows a mix of revenue strength and profitability variability across the last four years of quarterly results. In 2025, top-line results hovered near the mid-to-high $4B range per quarter, with gross and operating margins fluctuating but generally staying within the low-to-mid teens. Cash flow remained positive through most quarters, supporting capex activity and debt levels that sit in the low-to-mid $3B range. However, PPC’s Q4 2025 bottom-line declined versus late-2024 levels, driven in part by non-operating items and a dip in quarterly margins.

Revenue momentum in 2025: PPC posted roughly $4.76B in operating revenue for both Q2 2025 ($4,757,365,000) and Q3 2025 ($4,759,342,000), higher than many 2024 quarters and suggesting improving top-line trends.
Solid operating cash flow across 2025: Net cash from continuing operating activities was about $495M in Q2 2025 and $458M in Q3 2025, with Q4 2025 still positive at around $291M, underscoring ongoing cash generation.
Positive free cash flow in Q4 2025: After capex of about $269.92M, estimated free cash flow was around $21M, indicating cash generation available for debt paydown or returns.
Net income to common shareholders in mid-2025 quarters remained robust: Q2 2025 net income to common around $355.5M and Q3 2025 around $342.8M, highlighting material profitability despite quarterly variability.
Earnings per share (EPS) volatility: Q2 2025 basic/diluted EPS about $1.25–$1.49, Q3 2025 around $1.44, but Q4 2025 dropped to $0.37, reflecting quarterly swings and one-off effects.
Gross margin stability within the year: 2025 quarters generally show gross margins in the low-to-mid teens (e.g., gross profit around $715M on $4.76B revenue in Q2 2025 ≈ ~15%), indicating relatively stable margin levels against input-cost volatility.
Q4 2025 net income to common shareholders declined meaningfully vs Q4 2024: $87.99M in Q4 2025 versus $235.85M in Q4 2024, signaling a pronounced quarterly drop in profitability.
Quarterly swing in other income/expense: 2025 quarters show continued negative contributions from total other income/expense (e.g., net expense around -$29M in Q4 2025), trimming pretax income and profitability.
Leverage remains meaningful: long-term debt typically around $3.1B–$3.3B across 2025 quarters, with cash and equivalents generally below $1B, implying ongoing leverage and interest-rate sensitivity.
Margin and profitability volatility: Q4 2025 operating income fell to $204.1M (vs. $492.6M in Q3 2025), indicating potential near-term margin pressure and quarterly headwinds despite stronger year-to-date revenue.

05/25/26 10:50 AM ETAI Generated. May Contain Errors.

Pilgrim's Pride Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Pilgrim's Pride's fiscal year ends in December. Their fiscal year 2025 ended on December 28, 2025.

Pilgrim's Pride's net income appears to be on an upward trend, with a most recent value of $1.08 billion in 2025, rising from $662.97 million in 2015. The previous period was $1.09 billion in 2024. Check out Pilgrim's Pride's forecast to explore projected trends and price targets.

Pilgrim's Pride's total operating income in 2025 was $1.61 billion, based on the following breakdown:

Total Gross Profit: $2.36 billion
Total Operating Expenses: $744.60 million

Over the last 10 years, Pilgrim's Pride's total revenue changed from $8.75 billion in 2015 to $18.50 billion in 2025, a change of 111.3%.

Pilgrim's Pride's total liabilities were at $6.65 billion at the end of 2025, a 3.9% increase from 2024, and a 223.3% increase since 2015.

In the past 10 years, Pilgrim's Pride's cash and equivalents has ranged from $260.57 million in 2019 to $2.04 billion in 2024, and is currently $640.24 million as of their latest financial filing in 2025.

Over the last 10 years, Pilgrim's Pride's book value per share changed from 4.93 in 2015 to 15.49 in 2025, a change of 214.0%.

Related Companies

Financial statements for NASDAQ:PPC last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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