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Pilgrim's Pride

PPC Nasdaq Packaged Foods & Meats Financials FY2016–FY2025

Pilgrim's Pride's revenue rose 3.5% to $18.5 billion in fiscal 2025. Its operating margin was 8.7%, up from 8.4% a year earlier. Free cash flow was $653 million, down 57.4%. It paid out $2.0 billion in dividends and buybacks, 305% of free cash flow. The diluted share count rose 0.3%.

Last close Β· Oct 23, 2026

$28.13

0.1%
Revenue Total sales reported in the income statement.
$18.5B
3.5% vs prior year
Operating margin Operating income as a share of revenue.
8.7%
0.3 pts
Net income Profit after all expenses, interest and tax.
$1.1B
0.4%
Free cash flow Cash from operations minus capital spending.
$653M
57.4%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
20.1%
0.2 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$6.7B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
12.2x
On $2.30 EPS (TTM)

What Pilgrim's Pride does

No business description yet.

Legal name
PILGRIM’S PRIDE CORPORATION
Fiscal year ends
December 28, 2025
Latest annual report
β€”
Accession Β· CIK
0000802481-26-000011
0000802481

Revenue and margins

Pilgrim's Pride had $18.5B of revenue in fiscal 2025, up 3.5% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 11.3% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $653M in fiscal 2025, 3.5% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Pilgrim's Pride returned $2.0B to shareholders in fiscal 2025, 305% of free cash flow. The diluted share count rose 0.3%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Pilgrim's Pride yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β€” the answer depends entirely on what you put in.

Discounted cash flow

Value per share

β€”

Adds net cash of βˆ’$2.5B and divides by 238.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

β€”

Reference multiples: today 12.2x Β· peers β€” Β· sector 24.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Pilgrim's Pride can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $428M$401M$698M$2.1B$640M
Debt incl. finance leases $3.2B$3.2B$3.3B$3.2B$3.1B
Net debt / EBITDA 4.8x1.8x2.8x0.6x1.2x
Debt / equity 1.3x1.1x1.0x0.8x0.8x
Interest coverage 1.5x7.7x2.6x9.3x10.0x
Current ratio 1.4x1.5x1.7x2.0x1.5x
Quick ratio 0.7x0.7x0.9x1.3x0.8x
Total assets $8.9B$9.3B$9.8B$10.7B$10.3B
Total liabilities $6.3B$6.4B$6.5B$6.4B$6.6B
Shareholders' equity $2.6B$2.8B$3.3B$4.2B$3.7B
Net debt (βˆ’ = net cash) $2.8B$2.8B$2.6B$1.2B$2.5B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.3M

1 insider

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Feb 18, 2026 Matthew R GalvanoniChief Financial Officer Sold 6,963 $43.52 $0.3M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive βœ“ βœ“ βœ“
Cash from operations is positive βœ“ βœ“ βœ“
Return on assets rose βœ• βœ“ βœ•
Cash from operations exceeds net income βœ“ βœ“ βœ“
Debt fell relative to assets βœ“ βœ“ βœ“
Current ratio rose βœ“ βœ“ βœ•
Share count didn't rise βœ“ βœ• βœ•
Gross margin rose βœ• βœ“ βœ•
Revenue rose relative to assets βœ• βœ• βœ•
F-score 6 / 97 / 94 / 9
Accruals ratio βˆ’3.7%βˆ’8.8%βˆ’2.8%
Altman Z'' 2.734.203.19

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Pilgrim's Pride PPC $6.7B 3.5% 8.7% 3.5% 20.1% 12.2x 4
General Mills GIS $18.5B βˆ’5.5% 4.8% 8.8% 2.0% β€” 5 Compare β†’
Kraft Heinz KHC $29.4B βˆ’3.5% βˆ’18.7% 14.7% βˆ’5.8% β€” 4 Compare β†’
Hormel Foods HRL $11.6B 1.6% 5.9% 4.4% 5.1% 33.4x 5 Compare β†’
Hershey HSY β€” 4.4% 12.3% 15.6% 11.5% β€” β€” Compare β†’

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $9.9B $10.8B $10.9B $11.4B $12.1B $14.8B $17.5B $17.4B $17.9B $18.5B
Gross profit $1.1B $1.5B $844M $1.1B $838M $1.4B $1.8B $1.1B $2.3B $2.4B
Research and development $3.5M $3.7M $4.0M $5.1M $5.4M $5.1M $12.5M $5.7M $12.4M $17.9M
Operating income $792M $1.1B $496M $691M $246M $211M $1.2B $522M $1.5B $1.6B
Interest expense $75.6M $107M $163M $133M $126M $146M $153M $202M $161M $161M
Pretax income $724M $982M $332M $618M $162M $92.4M $1.0B $365M $1.4B $1.5B
Income tax $244M $264M $85.4M $161M $66.8M $61.1M $279M $42.9M $325M $419M
Net income $441M $695M $248M $456M $94.8M $31.0M $746M $322M $1.1B $1.1B
Diluted EPS $1.73 $2.79 $1.00 $1.83 $0.39 $0.13 $3.10 $1.36 $4.57 $4.54
Diluted shares 0.25B 0.25B 0.25B 0.25B 0.25B 0.24B 0.24B 0.24B 0.24B 0.24B
Cash flow
Cash from operations $795M $801M $492M $667M $724M $327M $670M $678M $2.0B $1.4B
Capital expenditure $341M $340M $349M $348M $355M $382M $487M $558M $459M $719M
Free cash flow $454M $461M $143M $318M $369M βˆ’$55.2M $183M $120M $1.5B $653M
Depreciation and amortization $232M $272M $274M $287M $337M $381M $403M $420M $434M $456M
Stock-based compensation $6.1M $3.0M $13.2M $10.1M βˆ’$0.3M $11.7M $7.0M $7.2M $14.9M $29.4M
Acquisitions $0.0M $659M $0.0M $385M $4.2M $967M $9.7M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends paid $715M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $2.0B
Dividends and buybacks $715M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $2.0B
Balance sheet
Cash and short-term investments $293M $582M $338M $261M $548M $428M $401M $698M $2.1B $640M
Total debt $1.4B $2.7B $2.4B $2.3B $2.3B $3.2B $3.2B $3.3B $3.2B $3.1B
Finance lease liabilities $0.0M $0.0M $0.0M $2.1M $1.7M $4.5M $3.6M $2.5M $1.8M $1.4M
Current assets $1.8B $2.5B $2.2B $2.6B $2.9B $3.3B $3.9B $4.2B $5.1B $4.2B
Current liabilities $1.2B $1.5B $1.3B $1.6B $1.9B $2.4B $2.6B $2.5B $2.6B $2.9B
Inventory $976M $1.3B $1.2B $1.4B $1.4B $1.6B $2.0B $2.0B $1.8B $2.0B
Property and equipment, net $1.8B $2.1B $2.2B $2.6B $2.7B $2.9B $2.9B $3.2B $3.1B $3.5B
Total assets $5.0B $6.2B $5.9B $7.1B $7.5B $8.9B $9.3B $9.8B $10.7B $10.3B
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 $1.8B $2.0B $2.5B $2.6B $2.6B $2.8B $3.3B $4.2B $3.7B
Margins
Gross margin 11.2% 13.7% 7.7% 9.4% 6.9% 9.2% 10.4% 6.4% 12.9% 12.8%
Operating margin 8.0% 10.0% 4.5% 6.1% 2.0% 1.4% 6.7% 3.0% 8.4% 8.7%
EBITDA margin 10.4% 12.5% 7.0% 8.6% 4.8% 4.0% 9.0% 5.4% 10.9% 11.2%
Net margin 4.5% 6.5% 2.3% 4.0% 0.8% 0.2% 4.3% 1.9% 6.1% 5.9%
FCF margin 4.6% 4.3% 1.3% 2.8% 3.1% βˆ’0.4% 1.1% 0.7% 8.6% 3.5%
Returns
Return on capital 16.2% 21.8% 9.2% 11.8% 3.2% 2.2% 15.5% 7.9% 20.3% 20.1%
Return on capital employed 25.1% 24.8% 10.5% 13.7% 4.5% 3.5% 17.8% 7.5% 19.5% 20.8%
Return on equity 26.4% 35.4% 12.9% 20.1% 3.7% 1.2% 27.5% 10.4% 28.7% 27.3%
Return on assets 10.6% 12.3% 4.1% 7.0% 1.3% 0.4% 8.2% 3.4% 10.6% 10.3%
Growth
Revenue growth 12.9% 9.0% 1.6% 4.3% 6.0% 22.2% 18.2% βˆ’0.6% 3.0% 3.5%
Net income growth βˆ’31.8% 57.7% βˆ’64.3% 83.9% βˆ’79.2% βˆ’67.3% 2,306.2% βˆ’56.9% 237.9% βˆ’0.4%
EPS growth βˆ’30.8% 61.3% βˆ’64.2% 83.0% βˆ’78.7% βˆ’66.7% 2,284.6% βˆ’56.1% 236.0% βˆ’0.7%
FCF growth βˆ’45.3% 1.6% βˆ’69.0% 122.7% 16.0% βˆ’114.9% β€” βˆ’34.3% 1,175.5% βˆ’57.4%
Share count change βˆ’1.8% βˆ’2.0% 0.1% 0.2% βˆ’1.4% βˆ’0.8% βˆ’1.5% βˆ’1.3% 0.2% 0.3%
Financial health
Net debt / EBITDA 1.1x 1.6x 2.6x 2.1x 3.0x 4.8x 1.8x 2.8x 0.6x 1.2x
Debt / equity 0.7x 1.5x 1.2x 0.9x 0.9x 1.3x 1.1x 1.0x 0.8x 0.8x
Interest coverage 10.5x 10.0x 3.0x 5.2x 2.0x 1.5x 7.7x 2.6x 9.3x 10.0x
Current ratio 1.5x 1.7x 1.7x 1.6x 1.5x 1.4x 1.5x 1.7x 2.0x 1.5x
Quick ratio 0.7x 0.9x 0.8x 0.7x 0.8x 0.7x 0.7x 0.9x 1.3x 0.8x
Capital allocation
Capex / revenue 3.5% 3.2% 3.2% 3.1% 2.9% 2.6% 2.8% 3.2% 2.6% 3.9%
Stock comp / revenue 0.1% 0.0% 0.1% 0.1% 0.0% 0.1% 0.0% 0.0% 0.1% 0.2%
Payouts / FCF 157.3% 0.0% 0.0% 0.0% 0.0% β€” 0.0% 0.0% 0.0% 305.3%
Quality scores
Piotroski F-score 5.0 7.0 4.0 7.0 5.0 6.0 7.0 6.0 7.0 4.0
Altman Z'' 2.1 2.8 2.4 2.5 2.0 1.6 2.9 2.7 4.2 3.2
Accruals ratio βˆ’8.5% βˆ’1.9% βˆ’4.0% βˆ’3.2% βˆ’8.6% βˆ’3.6% 0.8% βˆ’3.7% βˆ’8.8% βˆ’2.8%

Source: SEC EDGAR XBRL filings (CIK 0000802481). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β€” not investment advice. Check the original filings before relying on any figure.

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