NASDAQ : PPC
Pilgrim's Pride Corporation — Financial statements
Consumer Staples · Packaged Foods · United States
Last price 27.61 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 6.57B
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Financial statements
Pilgrim's Pride Corporation (PPC) reported revenue of 18.33B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 18.33B | 18.50B | 17.88B | 17.36B | 17.47B | 14.78B |
| Cost of Revenue | 16.88B | 16.14B | 15.57B | 16.24B | 15.66B | 13.41B |
| Gross Profit | 1.45B | 2.36B | 2.31B | 1.12B | 1.81B | 1.37B |
| Selling, General & Admin | 480.99M | 548.90M | 568.61M | 551.77M | 604.74M | 1.15B |
| Operating Expenses | 480.99M | 548.90M | 568.61M | 551.77M | 604.74M | 1.15B |
| Operating Income | 966.53M | 1.81B | 1.74B | 566.63M | 1.21B | 216.97M |
| Interest Expense | -158.51M | -161.39M | -161.18M | -202.27M | -152.67M | -145.79M |
| Interest & Investment Income | 18.17M | 51.12M | 72.67M | 35.65M | 9.03M | 6.06M |
| Currency Exchange Gain (Loss) | 343.00K | -6.78M | 10.03M | -20.57M | -30.82M | 9.38M |
| Other Non Operating Income (Expenses) | 4.61M | 3.96M | 7.21M | 30.13M | 23.34M | 11.58M |
| EBT Excluding Unusual Items | 831.15M | 1.70B | 1.67B | 409.57M | 1.06B | 98.19M |
| Merger & Restructuring Charges | -20.95M | -31.35M | -93.39M | -44.34M | -30.47M | -5.80M |
| Legal Settlements | -321.56M | -162.66M | -167.23M | |||
| Pretax Income | 488.64M | 1.50B | 1.41B | 365.22M | 1.03B | 92.39M |
| Income Tax Expense | 169.72M | 418.79M | 325.05M | 42.91M | 278.94M | 61.12M |
| Earnings From Continuing Operations | 318.92M | 1.08B | 1.09B | 322.32M | 746.54M | 31.27M |
| Minority Interest in Earnings | 1.48M | -985.00K | -785.00K | -743.00K | -608.00K | -268.00K |
| Net Income | 320.40M | 1.08B | 1.09B | 321.57M | 745.93M | 31.00M |
| Net Income to Common | 320.40M | 1.08B | 1.09B | 321.57M | 745.93M | 31.00M |
| Shares Outstanding (Basic) | 237.82M | 237.43M | 237.01M | 236.72M | 239.77M | 243.65M |
| Shares Outstanding (Diluted) | 238.75M | 238.45M | 237.80M | 237.30M | 240.39M | 244.13M |
| EPS (Basic) | 1.35 | 4.56 | 4.58 | 1.36 | 3.11 | 0.13 |
| EPS (Diluted) | 1.34 | 4.54 | 4.57 | 1.36 | 3.10 | 0.13 |
| Free Cash Flow | 23.41M | 660.58M | 1.51B | 134.06M | 182.75M | -55.21M |
| Free Cash Flow Per Share | 0.10 | 2.77 | 6.37 | 0.56 | 0.76 | -0.23 |
| Gross Margin | 7.90% | 12.75% | 12.94% | 6.44% | 10.37% | 9.24% |
| Operating Margin | 5.27% | 9.78% | 9.76% | 3.26% | 6.91% | 1.47% |
| Profit Margin | 1.75% | 5.85% | 6.08% | 1.85% | 4.27% | 0.21% |
| Free Cash Flow Margin | 0.13% | 3.57% | 8.47% | 0.77% | 1.05% | -0.37% |
| EBITDA | 1.45B | 2.27B | 2.18B | 986.53M | 1.61B | 597.79M |
| EBITDA Margin | 7.93% | 12.25% | 12.18% | 5.68% | 9.22% | 4.04% |
| D&A For EBITDA | 486.72M | 456.16M | 433.62M | 419.90M | 403.11M | 380.82M |
| EBIT | 966.53M | 1.81B | 1.74B | 566.63M | 1.21B | 216.97M |
| EBIT Margin | 5.27% | 9.78% | 9.76% | 3.26% | 6.91% | 1.47% |
| Effective Tax Rate | 34.73% | 27.88% | 23.02% | 11.75% | 27.20% | 66.16% |
| Advertising Expenses | 80.30M | 70.10M | 56.70M | 58.00M | 32.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 935.77M | 640.24M | 2.04B | 697.75M | 400.99M | 427.66M |
| Short-Term Investments | 10.22M | |||||
| Cash & Short-Term Investments | 935.77M | 640.24M | 2.05B | 697.75M | 400.99M | 427.66M |
| Accounts Receivable | 942.79M | 1.12B | 967.95M | 1.02B | 977.28M | 939.37M |
| Other Receivables | 174.39M | 156.39M | 102.43M | 220.50M | 244.82M | 84.54M |
| Receivables | 1.13B | 1.28B | 1.08B | 1.29B | 1.26B | 1.04B |
| Inventory | 2.07B | 2.03B | 1.78B | 1.99B | 1.99B | 1.58B |
| Prepaid Expenses | 308.25M | 263.20M | 193.53M | 193.49M | 192.62M | 219.48M |
| Restricted Cash | 1.19M | 2.32M | 33.48M | 33.77M | 22.46M | |
| Other Current Assets | 18.98M | 20.66M | 10.41M | 2.34M | 18.48M | 18.09M |
| Total Current Assets | 4.47B | 4.24B | 5.12B | 4.20B | 3.89B | 3.31B |
| Property, Plant & Equipment | 4.17B | 3.79B | 3.39B | 3.43B | 3.25B | 3.27B |
| Goodwill | 1.32B | 1.34B | 1.24B | 1.29B | 1.23B | 1.34B |
| Other Intangible Assets | 793.19M | 832.07M | 806.23M | 853.98M | 846.02M | 963.24M |
| Long-Term Deferred Tax Assets | 28.03M | 31.21M | 29.48M | 4.89M | 1.97M | 5.31M |
| Other Long-Term Assets | 161.75M | 113.19M | 62.02M | 35.65M | 41.57M | 32.41M |
| Total Assets | 10.94B | 10.34B | 10.65B | 9.81B | 9.26B | 8.91B |
| Accounts Payable | 1.70B | 1.63B | 1.43B | 1.45B | 1.60B | 1.40B |
| Accrued Expenses | 877.66M | 875.22M | 835.74M | 768.12M | 653.53M | 572.63M |
| Current Portion of Long-Term Debt | 911.00K | 339.00K | 322.00K | 25.31M | 25.41M | |
| Current Portion of Leases | 64.61M | 60.22M | 63.86M | 68.11M | 80.19M | 83.88M |
| Current Income Taxes Payable | 109.94M | 123.77M | 60.10M | 31.68M | 58.41M | 81.98M |
| Current Unearned Revenue | 28.61M | 37.62M | 48.90M | 84.96M | 34.49M | 22.32M |
| Other Current Liabilities | 105.37M | 161.01M | 116.44M | 91.17M | 118.15M | 204.21M |
| Total Current Liabilities | 2.89B | 2.89B | 2.55B | 2.50B | 2.57B | 2.39B |
| Long-Term Debt | 3.40B | 3.09B | 3.20B | 3.34B | 3.16B | 3.19B |
| Long-Term Leases | 257.24M | 200.12M | 197.20M | 205.16M | 233.36M | 274.98M |
| Pension & Post-Retirement Benefits | 2.37M | 2.37M | 5.31M | 26.16M | 41.78M | |
| Long-Term Deferred Tax Liabilities | 465.58M | 452.33M | 422.95M | 385.55M | 364.18M | 369.19M |
| Other Long-Term Liabilities | 32.77M | 12.42M | 17.67M | 34.87M | 44.84M | 59.96M |
| Total Liabilities | 7.05B | 6.65B | 6.40B | 6.47B | 6.40B | 6.32B |
| Common Stock | 2.63M | 2.63M | 2.62M | 2.62M | 2.62M | 2.61M |
| Additional Paid-In Capital | 2.04B | 2.02B | 1.99B | 1.98B | 1.97B | 1.96B |
| Retained Earnings | 2.48B | 2.25B | 3.16B | 2.07B | 1.75B | 1.00B |
| Treasury Stock | -544.69M | -544.69M | -544.69M | -544.69M | -544.69M | -345.13M |
| Comprehensive Income & Other | -100.84M | -47.02M | -370.30M | -176.48M | -336.45M | -48.00M |
| Total Common Equity | 3.88B | 3.68B | 4.24B | 3.33B | 2.84B | 2.58B |
| Minority Interest | 12.26M | 13.68M | 13.99M | 13.21M | 12.46M | 11.85M |
| Shareholders' Equity | 3.89B | 3.69B | 4.25B | 3.34B | 2.85B | 2.59B |
| Total Liabilities & Equity | 10.94B | 10.34B | 10.65B | 9.81B | 9.26B | 8.91B |
| Total Debt | 3.73B | 3.35B | 3.47B | 3.61B | 3.50B | 3.57B |
| Net Cash (Debt) | -2.79B | -2.71B | -1.42B | -2.91B | -3.10B | -3.14B |
| Net Cash Per Share | -11.69 | -11.38 | -5.95 | -12.28 | -12.90 | -12.88 |
| Filing Date Shares Outstanding | 238.11M | 237.55M | 237.12M | 236.79M | 236.47M | 243.90M |
| Total Common Shares Outstanding | 238.11M | 237.55M | 237.12M | 236.79M | 236.47M | 243.68M |
| Working Capital | 1.58B | 1.35B | 2.57B | 1.71B | 1.32B | 915.13M |
| Book Value Per Share | 16.28 | 15.49 | 17.88 | 14.07 | 12.01 | 10.58 |
| Tangible Book Value | 1.77B | 1.51B | 2.19B | 1.19B | 766.85M | 276.58M |
| Tangible Book Value Per Share | 7.42 | 6.35 | 9.25 | 5.03 | 3.24 | 1.14 |
| Land | 221.98M | 220.46M | 215.31M | 273.85M | 263.49M | 260.08M |
| Buildings | 2.53B | 2.45B | 2.31B | 2.17B | 2.07B | 2.04B |
| Machinery | 4.87B | 4.56B | 4.27B | 4.05B | 3.73B | 3.67B |
| Construction In Progress | 655.86M | 667.32M | 299.93M | 458.15M | 358.82M | 229.84M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 320.40M | 1.08B | 1.09B | 321.57M | 745.93M | 31.00M |
| Depreciation & Amortization | 486.72M | 456.16M | 433.62M | 419.90M | 403.11M | 380.82M |
| Other Amortization | 7.29M | 7.32M | 7.54M | 9.64M | 6.47M | 6.63M |
| Loss (Gain) From Sale of Assets | 6.24M | 3.88M | 1.78M | -6.05M | -18.91M | -1.48M |
| Asset Writedown & Restructuring Costs | 21.91M | 493.00K | 28.57M | 4.01M | 3.56M | |
| Loss (Gain) on Equity Investments | -7.00K | 328.00K | -2.00K | -16.00K | ||
| Stock-Based Compensation | 26.76M | 29.35M | 14.87M | 7.23M | 6.99M | 11.65M |
| Other Operating Activities | 80.58M | 11.60M | -5.60M | 28.11M | 21.90M | -61.64M |
| Change in Accounts Receivable | 126.11M | -113.13M | 88.34M | -19.01M | -149.60M | -259.38M |
| Change in Inventory | -119.22M | -193.52M | 134.52M | 12.60M | -472.22M | -177.86M |
| Change in Accounts Payable | 214.71M | 155.83M | 126.67M | -68.68M | 263.29M | 359.59M |
| Change in Income Taxes | -87.59M | 35.40M | 109.37M | -8.88M | -142.46M | 115.22M |
| Change in Other Net Operating Assets | -108.50M | -104.08M | -36.00M | -22.91M | 1.81M | -78.08M |
| Operating Cash Flow | 975.40M | 1.37B | 1.99B | 677.88M | 669.86M | 326.46M |
| Capital Expenditures | -951.99M | -711.07M | -476.15M | -543.82M | -487.11M | -381.67M |
| Sale of Property, Plant & Equipment | 13.13M | 5.56M | 15.36M | 19.78M | 35.52M | 24.72M |
| Cash Acquisitions | -3.07M | -9.69M | -966.77M | |||
| Other Investing Activities | 20.68M | 16.03M | ||||
| Investing Cash Flow | -941.93M | -705.51M | -460.80M | -503.35M | -445.25M | -1.32B |
| Long-Term Debt Issued | 1.77B | 362.54M | 2.95B | |||
| Total Debt Issued | 709.31M | 1.77B | 362.54M | 2.95B | ||
| Long-Term Debt Repaid | -115.23M | -152.12M | -1.62B | -388.30M | -2.03B | |
| Total Debt Repaid | -400.23M | -115.23M | -152.12M | -1.62B | -388.30M | -2.03B |
| Net Debt Issued (Repaid) | 309.08M | -115.23M | -152.12M | 151.91M | -25.76M | 924.25M |
| Issuance of Common Stock | 1.43M | |||||
| Repurchase of Common Stock | -1.59M | -201.51M | -650.00K | |||
| Other Financing Activities | -21.01M | -3.41M | -216.00K | -33.60M | -4.74M | -22.29M |
| Financing Cash Flow | 288.06M | -2.11B | -150.91M | 116.73M | -232.01M | 901.31M |
| Foreign Exchange Rate Adjustments | 87.00K | 43.93M | -66.48M | 5.21M | -7.96M | -2.34M |
| Net Cash Flow | 321.61M | -1.40B | 1.31B | 296.46M | -15.36M | -98.28M |
| Free Cash Flow | 23.41M | 660.58M | 1.51B | 134.06M | 182.75M | -55.21M |
| Free Cash Flow Margin | 0.13% | 3.57% | 8.47% | 0.77% | 1.05% | -0.37% |
| Free Cash Flow Per Share | 0.10 | 2.77 | 6.37 | 0.56 | 0.76 | -0.23 |
| Levered Free Cash Flow | 196.61M | 630.86M | 1.47B | 70.52M | 160.90M | -12.96M |
| Unlevered Free Cash Flow | 288.39M | 724.41M | 1.56B | 187.30M | 249.85M | 71.53M |
| Cash Interest Paid | 155.46M | 155.46M | 182.04M | 131.21M | 156.29M | 119.33M |
| Cash Income Tax Paid | 361.89M | 361.89M | 197.56M | 19.75M | 385.58M | 20.86M |
| Change in Working Capital | 25.50M | -219.51M | 422.90M | -106.86M | -499.18M | -40.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.84B | 9.46B | 10.89B | 6.55B | 5.63B | 6.71B |
| Enterprise Value | 9.63B | 12.20B | 12.47B | 9.64B | 8.49B | 9.73B |
| Last Close Price | 28.72 | 39.82 | 38.90 | 23.43 | 20.16 | 23.34 |
| PE Ratio | 21.43 | 8.74 | 10.02 | 20.37 | 7.54 | 216.56 |
| Forward PE | 13.89 | 9.55 | 9.39 | 11.39 | 12.90 | 10.97 |
| PS Ratio | 0.37 | 0.51 | 0.61 | 0.38 | 0.32 | 0.45 |
| PB Ratio | 1.76 | 2.56 | 2.56 | 1.96 | 1.97 | 2.59 |
| P/TBV Ratio | 3.87 | 6.27 | 4.96 | 5.50 | 7.34 | 24.27 |
| P/FCF Ratio | 292.18 | 14.32 | 7.19 | 48.85 | 30.80 | |
| P/OCF Ratio | 7.01 | 6.90 | 5.47 | 9.66 | 8.40 | 20.56 |
| PEG Ratio | 0.21 | 0.20 | 1.61 | 1.61 | 0.31 | |
| EV/Sales Ratio | 0.53 | 0.66 | 0.70 | 0.56 | 0.49 | 0.66 |
| EV/EBITDA Ratio | 6.63 | 5.39 | 5.73 | 9.77 | 5.27 | 16.28 |
| EV/EBIT Ratio | 9.96 | 6.75 | 7.15 | 17.00 | 7.04 | 44.84 |
| EV/FCF Ratio | 411.42 | 18.48 | 8.24 | 71.87 | 46.47 | |
| Debt / Equity Ratio | 0.96 | 0.91 | 0.81 | 1.08 | 1.23 | 1.38 |
| Debt / EBITDA Ratio | 2.27 | 1.37 | 1.46 | 3.07 | 1.96 | 4.71 |
| Debt / FCF Ratio | 159.22 | 5.08 | 2.29 | 26.95 | 19.17 | |
| Net Debt / Equity Ratio | 0.72 | 0.73 | 0.33 | 0.87 | 1.09 | 1.21 |
| Net Debt / EBITDA Ratio | 1.92 | 1.20 | 0.65 | 2.95 | 1.93 | 5.26 |
| Net Debt / FCF Ratio | 119.24 | 4.11 | 0.94 | 21.74 | 16.97 | -56.95 |
| Asset Turnover | 1.75 | 1.76 | 1.75 | 1.82 | 1.92 | 1.80 |
| Inventory Turnover | 8.35 | 8.46 | 8.26 | 8.17 | 8.78 | 9.14 |
| Quick Ratio | 0.71 | 0.66 | 1.22 | 0.78 | 0.63 | 0.61 |
| Current Ratio | 1.55 | 1.47 | 2.01 | 1.69 | 1.51 | 1.38 |
| Return on Equity (ROE) | 8.57% | 27.26% | 28.62% | 10.40% | 27.43% | 1.21% |
| Return on Assets (ROA) | 5.78% | 10.77% | 10.66% | 3.72% | 8.30% | 1.65% |
| Return on Invested Capital (ROIC) | 9.58% | 21.61% | 22.51% | 8.19% | 15.04% | 1.42% |
| Return on Capital Employed (ROCE) | 12.00% | 24.30% | 21.50% | 7.70% | 18.10% | 3.30% |
| Earnings Yield | 4.67% | 11.44% | 9.98% | 4.91% | 13.25% | 0.46% |
| FCF Yield | 0.34% | 6.98% | 13.90% | 2.05% | 3.25% | -0.82% |
| Buyback Yield / Dilution | -0.17% | -0.27% | -0.21% | 1.29% | 1.53% | 0.81% |