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PPC

Pilgrim's Pride Corporation

PPC

Pilgrim's Pride Corporation • NASDAQ
$38.04 ▲ 1.33% (+0.50)
Market Cap $9.04 B
52w High $57.16
52w Low $35.73
Dividend Yield 8.40%
P/E 7.37
Volume 525.05K
Outstanding Shares 237.55M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.759B ▲ $164.997M ▼ $344.592M ▼ 7.24% ▼ $1.44 ▼ $615.963M ▼
Q2-2025 $4.757B ▲ $202.956M ▲ $355.52M ▲ 7.473% ▲ $1.5 ▲ $631.561M ▲
Q1-2025 $4.463B ▲ $150.391M ▼ $296.033M ▲ 6.633% ▲ $1.25 ▲ $404.482M ▼
Q4-2024 $4.372B ▼ $246.611M ▲ $235.854M ▼ 5.395% ▼ $0.99 ▼ $435.485M ▼
Q3-2024 $4.585B $175.616M $349.86M 7.631% $1.48 $633.666M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $612.582M ▼ $9.952B ▼ $6.397B ▲ $3.542B ▼
Q2-2025 $849.036M ▼ $10.119B ▼ $6.366B ▼ $3.738B ▲
Q1-2025 $2.067B ▲ $10.964B ▲ $7.816B ▲ $3.133B ▼
Q4-2024 $2.051B ▲ $10.651B ▼ $6.397B ▼ $4.239B ▲
Q3-2024 $1.888B $10.701B $6.482B $4.205B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $343.061M ▼ $458.337M ▼ $-180.632M ▼ $-524.262M ▲ $-242.976M ▲ $276.474M ▼
Q2-2025 $356.009M ▲ $495.212M ▲ $-159.282M ▼ $-1.585B ▼ $-1.219B ▼ $334.203M ▲
Q1-2025 $296.343M ▲ $126.891M ▼ $-97.089M ▲ $-3.553M ▼ $34.309M ▼ $28.617M ▼
Q4-2024 $235.772M ▼ $349.335M ▼ $-153.572M ▼ $-449K ▲ $158.746M ▼ $190.131M ▼
Q3-2024 $349.99M $651.136M $-98.529M $-792K $550.286M $547.434M

Five-Year Company Overview

Income Statement

Income Statement Pilgrim’s Pride has grown its sales at a steady pace over the past five years, with only minor ups and downs. The more important story is on profitability: margins have been very volatile, swinging from thin profits to much healthier levels as chicken prices, feed costs, and mix of products shifted. After a weak 2023, operating profit and net income rebounded strongly in 2024, suggesting that pricing, cost control, and product mix moved back in the company’s favor. Overall, the business has demonstrated that it can be quite profitable in good conditions, but earnings are clearly sensitive to the commodity and demand cycle.

Balance Sheet

Balance Sheet The balance sheet has expanded gradually, reflecting ongoing investment and growth. Cash on hand has risen sharply most recently, giving the company more financial flexibility than it had a few years ago. Debt levels have stayed relatively stable, while shareholders’ equity has increased steadily, which points to a stronger capital base over time. The company still carries meaningful leverage, as is common in this industry, but the combination of higher equity and more cash suggests a healthier and more resilient financial position than earlier in the period.

Cash Flow

Cash Flow Cash generation from the core business has improved markedly, especially in the latest year, after a period of more modest cash inflows. Free cash flow has turned clearly positive and comfortably covered investment spending, whereas earlier years were much tighter and even slightly negative in one case. Capital spending has been consistent, indicating ongoing reinvestment in plants and equipment without large, one‑off surges. Overall, Pilgrim’s Pride appears to be in a much better place today in terms of funding its own growth and maintaining flexibility for future strategic moves.

Competitive Edge

Competitive Edge Pilgrim’s Pride operates as one of the largest poultry producers globally, with a strong presence across retail, foodservice, and international markets. Its vertically integrated model—controlling everything from feed to processing to distribution—provides cost advantages, better quality control, and more resilience to supply disruptions than less integrated rivals. Scale and its relationship with parent company JBS give it bargaining power with suppliers and customers, along with access to global distribution. The portfolio spans mainstream and premium brands and includes tailored offerings for major customers. That said, the company still faces intense price competition, powerful retail buyers, exposure to feed and energy costs, animal disease risks, and shifting consumer preferences, which can pressure margins.

Innovation and R&D

Innovation and R&D Innovation at Pilgrim’s Pride is focused more on process and product development than on traditional lab-style research. Through its technology center with JBS, the company is pushing automation, data analytics, and advanced tools like AI and robotics into its operations, aiming to reduce labor needs, improve yields, and run plants more efficiently. On the product side, it is steadily shifting toward more prepared and value‑added items, such as ready‑to‑cook meals and premium, natural, and organic offerings under brands like Just BARE and Moy Park. These typically carry better margins and respond to consumer trends around convenience, health, and sustainability. The company is also tying some of its financing to environmental targets, signaling that sustainability and efficiency improvements are part of its long‑term innovation agenda.

Summary

Pilgrim’s Pride today looks like a scaled, vertically integrated protein producer that has moved from a more fragile profitability profile toward a stronger and more cash‑generative one, at least in the latest period. Revenue has grown steadily, and margins have recovered after a tough patch, boosting earnings and cash flow. The balance sheet now shows more cash and higher equity, which adds resilience even though leverage remains meaningful. Strategically, the company’s cost advantages, broad brand portfolio, and backing from JBS underpin a solid competitive position, while investments in automation, technology, and higher‑margin prepared foods aim to smooth out some of the volatility inherent in commodity meat markets. Key uncertainties remain around input costs, disease risk, regulation, and evolving consumer preferences, so performance is still likely to be cyclical, but the recent trajectory suggests a business that is better equipped to navigate those swings than it was a few years ago.

NEWS

October 29, 2025 · 4:30 PM UTC

Pilgrim's Pride Reports Third Quarter 2025 Results with $4.8 Billion in Net Sales and Operating Income of $492.6 Million

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