NYSE : JBS
JBS N.V. — Financial statements
Consumer Staples · Packaged Foods · Netherlands
Last price 12.49 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 13.38B
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Financial statements
JBS N.V. (JBS) reported revenue of 91.17B 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 | 91.17B | 86.18B | 77.18B | 72.92B | 70.91B | 62.94B |
| Cost of Revenue | 80.41B | 74.88B | 65.59B | 64.95B | 59.66B | 51.06B |
| Gross Profit | 10.75B | 11.30B | 11.59B | 7.97B | 11.25B | 11.88B |
| Selling, General & Admin | 7.37B | 6.97B | 6.79B | 6.81B | 6.71B | 5.41B |
| Other Operating Expenses | -66.41M | -37.01M | 17.00M | -67.47M | -191.57M | -42.72M |
| Operating Expenses | 7.30B | 6.94B | 6.81B | 6.74B | 6.52B | 5.36B |
| Operating Income | 3.45B | 4.36B | 4.78B | 1.23B | 4.73B | 6.52B |
| Interest Expense | -1.88B | -1.68B | -1.65B | -1.73B | -1.31B | -944.88M |
| Interest & Investment Income | 342.48M | 417.20M | 453.73M | 326.44M | 262.50M | 140.09M |
| Earnings From Equity Investments | 21.14M | 16.90M | 2.94M | 9.54M | 11.45M | 16.60M |
| Currency Exchange Gain (Loss) | 155.38M | 77.77M | 138.38M | 57.52M | 417.40M | -1.76M |
| Other Non Operating Income (Expenses) | -612.53M | -373.29M | -614.76M | -4.44M | -570.54M | -104.95M |
| EBT Excluding Unusual Items | 1.48B | 2.82B | 3.11B | -116.16M | 3.54B | 5.62B |
| Merger & Restructuring Charges | -28.55M | -31.35M | -93.39M | -44.34M | ||
| Gain (Loss) on Sale of Assets | 22.71M | 27.95M | 5.61M | -18.04M | 18.70M | 4.80M |
| Asset Writedown | 28.35M | |||||
| Legal Settlements | -226.73M | -202.99M | -314.75M | -102.50M | -97.67M | -745.49M |
| Pretax Income | 1.28B | 2.62B | 2.71B | -259.73M | 3.46B | 4.88B |
| Income Tax Expense | 51.75M | 390.51M | 743.39M | -127.99M | 393.94M | 1.20B |
| Earnings From Continuing Operations | 1.22B | 2.23B | 1.97B | -131.74M | 3.06B | 3.68B |
| Minority Interest in Earnings | -110.04M | -205.46M | -200.74M | -67.13M | -140.62M | -7.73M |
| Net Income | 1.11B | 2.02B | 1.77B | -198.87M | 2.92B | 3.68B |
| Net Income to Common | 1.11B | 2.02B | 1.77B | -198.87M | 2.92B | 3.68B |
| Shares Outstanding (Basic) | 1.05B | 1.07B | 1.07B | 1.07B | 2.23B | 2.48B |
| Shares Outstanding (Diluted) | 1.05B | 1.07B | 1.07B | 1.07B | 2.23B | 2.48B |
| EPS (Basic) | 1.06 | 1.89 | 1.65 | -0.19 | 1.31 | 1.48 |
| EPS (Diluted) | 1.06 | 1.89 | 1.65 | -0.19 | 1.31 | 1.48 |
| Free Cash Flow | 473.81M | 832.68M | 2.75B | 876.64M | 398.54M | 2.13B |
| Free Cash Flow Per Share | 0.45 | 0.78 | 2.57 | 0.82 | 0.18 | 0.86 |
| Dividend Per Share | 1.00 | 0.38 | 0.36 | |||
| Gross Margin | 11.80% | 13.11% | 15.01% | 10.93% | 15.87% | 18.87% |
| Operating Margin | 3.79% | 5.06% | 6.19% | 1.68% | 6.67% | 10.35% |
| Profit Margin | 1.22% | 2.35% | 2.29% | -0.27% | 4.12% | 5.84% |
| Free Cash Flow Margin | 0.52% | 0.97% | 3.56% | 1.20% | 0.56% | 3.38% |
| EBITDA | 5.53B | 6.29B | 6.58B | 2.98B | 6.25B | 7.84B |
| EBITDA Margin | 6.06% | 7.29% | 8.52% | 4.09% | 8.81% | 12.45% |
| D&A For EBITDA | 2.07B | 1.92B | 1.80B | 1.76B | 1.52B | 1.32B |
| EBIT | 3.45B | 4.36B | 4.78B | 1.23B | 4.73B | 6.52B |
| EBIT Margin | 3.79% | 5.06% | 6.19% | 1.68% | 6.67% | 10.35% |
| Effective Tax Rate | 4.05% | 14.90% | 27.42% | 11.39% | 24.50% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.47B | 4.57B | 5.61B | 4.56B | 2.49B | 4.17B |
| Cash & Short-Term Investments | 3.47B | 4.57B | 5.61B | 4.56B | 2.49B | 4.17B |
| Accounts Receivable | 3.56B | 4.23B | 3.74B | 3.38B | 3.83B | 3.57B |
| Other Receivables | 1.09B | 958.68M | 637.73M | 917.04M | 1.01B | 575.21M |
| Receivables | 4.64B | 5.19B | 4.37B | 4.30B | 4.84B | 4.14B |
| Inventory | 8.81B | 7.93B | 6.62B | 6.80B | 7.16B | 6.09B |
| Restricted Cash | 168.30M | 159.56M | 136.55M | 132.16M | 128.51M | 223.51M |
| Other Current Assets | 668.58M | 588.97M | 373.31M | 410.06M | 399.29M | 430.08M |
| Total Current Assets | 17.76B | 18.44B | 17.12B | 16.20B | 15.02B | 15.06B |
| Property, Plant & Equipment | 16.70B | 15.87B | 13.90B | 15.12B | 13.84B | 12.03B |
| Long-Term Investments | 276.61M | 217.39M | 38.31M | 56.47M | 55.77M | 43.65M |
| Goodwill | 5.98B | 5.85B | 5.42B | 6.09B | 5.75B | 5.84B |
| Other Intangible Assets | 1.78B | 1.83B | 1.80B | 1.98B | 1.95B | 2.15B |
| Long-Term Deferred Tax Assets | 656.07M | 547.01M | 651.18M | 773.10M | 597.98M | 311.97M |
| Other Long-Term Assets | 2.68B | 2.40B | 1.76B | 2.26B | 2.07B | 1.67B |
| Total Assets | 45.84B | 45.16B | 40.69B | 42.48B | 39.37B | 37.20B |
| Accounts Payable | 5.85B | 6.20B | 5.47B | 5.25B | 5.87B | 5.42B |
| Accrued Expenses | 1.57B | 1.71B | 1.55B | 1.44B | 1.32B | 1.38B |
| Short-Term Debt | 1.68B | 1.42B | 1.03B | 948.80M | 583.90M | 562.46M |
| Current Portion of Long-Term Debt | 846.12M | 544.07M | 1.78B | 886.66M | 1.55B | 2.06B |
| Current Portion of Leases | 368.70M | 354.89M | 335.68M | 351.83M | 338.28M | 291.81M |
| Current Income Taxes Payable | 122.92M | 288.03M | 233.03M | 83.06M | 89.88M | 177.49M |
| Current Unearned Revenue | 323.86M | 212.67M | 210.36M | |||
| Other Current Liabilities | 1.14B | 1.02B | 1.26B | 597.26M | 470.31M | 627.38M |
| Total Current Liabilities | 11.58B | 11.54B | 11.66B | 9.87B | 10.43B | 10.73B |
| Long-Term Debt | 21.32B | 20.26B | 17.24B | 19.06B | 15.91B | 14.47B |
| Long-Term Leases | 1.43B | 1.41B | 1.40B | 1.49B | 1.36B | 1.22B |
| Long-Term Deferred Tax Liabilities | 1.18B | 1.17B | 1.10B | 1.36B | 1.35B | 1.20B |
| Other Long-Term Liabilities | 1.28B | 1.25B | 1.16B | 1.01B | 890.59M | 1.01B |
| Total Liabilities | 36.78B | 35.63B | 32.55B | 32.80B | 29.94B | 28.62B |
| Common Stock | 41.56M | 35.11M | 13.18B | 4.86B | 4.46B | 4.23B |
| Additional Paid-In Capital | 7.30B | 7.31B | 36.32M | 43.67M | 40.08M | 38.03M |
| Retained Earnings | 1.13B | 2.15B | 2.21B | 3.17B | 3.53B | 2.42B |
| Treasury Stock | -544.93M | -598.42M | -545.23M | |||
| Comprehensive Income & Other | 289.92M | -193.17M | -8.33B | 862.09M | 738.29M | 1.77B |
| Total Common Equity | 8.22B | 8.70B | 7.09B | 8.93B | 8.77B | 7.92B |
| Minority Interest | 834.76M | 819.21M | 1.04B | 751.64M | 655.39M | 660.02M |
| Shareholders' Equity | 9.06B | 9.52B | 8.13B | 9.69B | 9.42B | 8.58B |
| Total Liabilities & Equity | 45.84B | 45.16B | 40.69B | 42.48B | 39.37B | 37.20B |
| Total Debt | 25.64B | 23.99B | 21.79B | 22.74B | 19.75B | 18.60B |
| Net Cash (Debt) | -22.17B | -19.43B | -16.18B | -18.18B | -17.26B | -14.42B |
| Net Cash Per Share | -21.03 | -18.18 | -15.14 | -17.01 | -7.74 | -5.82 |
| Filing Date Shares Outstanding | 1.07B | 1.07B | 2.22B | 2.22B | 2.22B | 2.24B |
| Total Common Shares Outstanding | 1.07B | 1.07B | 2.22B | 2.22B | 2.22B | 2.29B |
| Working Capital | 6.17B | 6.90B | 5.46B | 6.32B | 4.58B | 4.33B |
| Book Value Per Share | 7.68 | 8.15 | 3.20 | 4.03 | 3.95 | 3.45 |
| Tangible Book Value | 455.60M | 1.03B | -125.87M | 861.87M | 1.06B | -80.70M |
| Tangible Book Value Per Share | 0.43 | 0.96 | -0.06 | 0.39 | 0.48 | -0.04 |
| Land | 1.17B | |||||
| Buildings | 6.86B | |||||
| Machinery | 11.64B | |||||
| Construction In Progress | 1.94B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.11B | 2.02B | 1.77B | -198.87M | 2.92B | 3.68B |
| Depreciation & Amortization | 2.46B | 2.30B | 2.18B | 2.14B | 1.86B | 1.62B |
| Other Amortization | 8.27M | 7.29M | 6.29M | 5.12M | 4.40M | 4.08M |
| Loss (Gain) From Sale of Assets | -23.94M | -19.56M | -8.86M | -14.03M | -18.70M | -4.80M |
| Asset Writedown & Restructuring Costs | 2.65M | -6.38M | -130.34M | 115.27M | -19.04M | 31.34M |
| Loss (Gain) on Equity Investments | -21.14M | -16.90M | -2.94M | -9.54M | -11.45M | -16.60M |
| Stock-Based Compensation | 40.50M | 28.85M | 15.79M | 6.91M | 7.40M | 11.38M |
| Provision & Write-off of Bad Debts | 23.43M | 31.73M | 12.86M | 9.91M | 8.93M | 11.75M |
| Other Operating Activities | 1.52B | 1.47B | 1.75B | 394.28M | 962.15M | 2.25B |
| Change in Accounts Receivable | 176.14M | -347.33M | -333.63M | 624.75M | -245.40M | -766.77M |
| Change in Inventory | -1.50B | -1.61B | -897.98M | -48.84M | -1.28B | -2.12B |
| Change in Accounts Payable | 750.27M | 612.57M | 344.54M | -787.02M | 247.22M | 1.18B |
| Change in Income Taxes | -744.42M | -810.63M | -364.31M | 18.67M | -1.77B | -1.16B |
| Change in Other Net Operating Assets | -762.15M | -724.99M | -115.82M | 118.22M | -146.49M | -858.41M |
| Operating Cash Flow | 3.04B | 2.93B | 4.23B | 2.38B | 2.52B | 3.86B |
| Capital Expenditures | -2.56B | -2.10B | -1.48B | -1.50B | -2.12B | -1.73B |
| Sale of Property, Plant & Equipment | 85.69M | 73.20M | 47.22M | 71.98M | 47.90M | 42.12M |
| Cash Acquisitions | -5.83M | -3.53M | -374.39M | -1.68B | ||
| Sale (Purchase) of Intangibles | -11.77M | -7.12M | -10.59M | -8.98M | -8.20M | -9.54M |
| Investment in Securities | 5.95M | -185.68M | -2.04M | -1.11M | ||
| Other Investing Activities | -117.79M | -92.50M | 31.84M | 34.26M | -22.33M | -13.05M |
| Investing Cash Flow | -2.60B | -2.31B | -1.42B | -1.41B | -2.48B | -3.38B |
| Long-Term Debt Issued | 10.09B | 2.98B | 9.04B | 7.74B | 9.65B | |
| Long-Term Debt Repaid | -9.19B | -3.41B | -7.52B | -7.69B | -6.47B | |
| Lease Payments | -438.27M | -432.52M | -417.75M | -428.75M | -424.35M | -348.37M |
| Net Debt Issued (Repaid) | 2.24B | 902.00M | -431.76M | 1.52B | 50.07M | 3.18B |
| Issuance of Common Stock | 1.23M | 155.91M | ||||
| Repurchase of Common Stock | -600.00M | -600.00M | -7.61M | -690.05M | -1.90B | |
| Common Dividends Paid | -1.04B | -1.57B | -759.30M | -447.98M | -839.15M | -1.33B |
| Other Financing Activities | -183.99M | -500.07M | -216.17M | -45.21M | -333.63M | -103.27M |
| Financing Cash Flow | 421.40M | -1.77B | -1.41B | 1.02B | -1.66B | -151.57M |
| Foreign Exchange Rate Adjustments | 93.07M | 102.80M | -352.90M | 50.64M | -284.98M | 319.82M |
| Miscellaneous Cash Flow Adjustments | 1.00K | 1.00K | ||||
| Net Cash Flow | 950.37M | -1.05B | 1.04B | 2.04B | -1.90B | 638.84M |
| Free Cash Flow | 473.81M | 832.68M | 2.75B | 876.64M | 398.54M | 2.13B |
| Free Cash Flow Margin | 0.52% | 0.97% | 3.56% | 1.20% | 0.56% | 3.38% |
| Free Cash Flow Per Share | 0.45 | 0.78 | 2.57 | 0.82 | 0.18 | 0.86 |
| Levered Free Cash Flow | 822.60M | 254.51M | 3.63B | 1.35B | 542.81M | 1.74B |
| Unlevered Free Cash Flow | 2.00B | 1.30B | 4.66B | 2.43B | 1.36B | 2.33B |
| Free Cash Flow After Leases | 35.54M | 400.17M | 2.33B | 447.89M | -25.82M | 1.78B |
| Cash Interest Paid | 1.51B | 1.30B | 1.49B | 1.29B | 907.67M | 707.89M |
| Cash Income Tax Paid | 658.36M | 808.96M | 348.67M | 70.92M | 1.00B | 1.09B |
| Change in Working Capital | -2.08B | -2.88B | -1.37B | -74.22M | -3.20B | -3.72B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 13.25B | 15.99B | ||||
| Enterprise Value | 35.42B | 36.93B | ||||
| Last Close Price | 12.49 | 13.35 | ||||
| PE Ratio | 11.70 | 7.90 | ||||
| Forward PE | 12.79 | 8.85 | ||||
| PS Ratio | 0.15 | 0.19 | ||||
| PB Ratio | 1.63 | 1.68 | ||||
| P/TBV Ratio | 29.36 | 15.60 | ||||
| P/FCF Ratio | 28.23 | 19.21 | ||||
| P/OCF Ratio | 4.40 | 5.46 | ||||
| PEG Ratio | 0.90 | |||||
| EV/Sales Ratio | 0.39 | 0.43 | ||||
| EV/EBITDA Ratio | 6.43 | 5.88 | ||||
| EV/EBIT Ratio | 10.29 | 8.46 | ||||
| EV/FCF Ratio | 75.02 | 44.35 | ||||
| Debt / Equity Ratio | 2.83 | 2.52 | 2.68 | 2.35 | 2.10 | 2.17 |
| Debt / EBITDA Ratio | 4.34 | 3.60 | 3.13 | 6.74 | 3.00 | 2.29 |
| Debt / FCF Ratio | 54.12 | 28.81 | 7.93 | 25.94 | 49.56 | 8.74 |
| Net Debt / Equity Ratio | 2.45 | 2.04 | 1.99 | 1.88 | 1.83 | 1.68 |
| Net Debt / EBITDA Ratio | 4.01 | 3.09 | 2.46 | 6.09 | 2.76 | 1.84 |
| Net Debt / FCF Ratio | 46.79 | 23.33 | 5.88 | 20.74 | 43.30 | 6.78 |
| Asset Turnover | 2.08 | 2.01 | 1.86 | 1.71 | 1.80 | 1.89 |
| Inventory Turnover | 9.49 | 10.29 | 9.77 | 8.90 | 8.78 | 10.04 |
| Quick Ratio | 0.70 | 0.84 | 0.86 | 0.90 | 0.70 | 0.77 |
| Current Ratio | 1.53 | 1.60 | 1.47 | 1.64 | 1.44 | 1.40 |
| Return on Equity (ROE) | 13.38% | 25.26% | 22.08% | -1.32% | 33.20% | 44.95% |
| Return on Assets (ROA) | 4.92% | 6.35% | 7.18% | 1.80% | 7.52% | 12.23% |
| Return on Invested Capital (ROIC) | 10.81% | 13.94% | 13.30% | 4.50% | 16.86% | 23.50% |
| Return on Capital Employed (ROCE) | 10.10% | 13.00% | 16.50% | 3.80% | 16.30% | 24.60% |
| Earnings Yield | 8.55% | 12.66% | ||||
| FCF Yield | 3.54% | 5.21% | ||||
| Payout Ratio | 94.59% | 77.75% | 42.97% | 28.70% | 36.10% | |
| Buyback Yield / Dilution | 1.18% | 52.09% | 10.04% | 6.62% | ||
| Total Shareholder Return | 17.20% | 52.09% | 10.04% | 6.62% |