Pilgrim's Pride
PPC Nasdaq Packaged Foods & Meats Financials FY2016βFY2025
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%.
What Pilgrim's Pride does
No business description yet.
- Legal name
- PILGRIMβS 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.
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 11.3% a year. Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $653M in fiscal 2025, 3.5% of revenue. Cash from operations minus 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%.
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 β$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.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| 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 | 4.8x | 1.8x | 2.8x | 0.6x | 1.2x |
| Debt / equity | 1.3x | 1.1x | 1.0x | 0.8x | 0.8x |
| Interest coverage | 1.5x | 7.7x | 2.6x | 9.3x | 10.0x |
| Current ratio | 1.4x | 1.5x | 1.7x | 2.0x | 1.5x |
| Quick ratio | 0.7x | 0.7x | 0.9x | 1.3x | 0.8x |
| 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 (β = 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
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 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. 8β9 is strong, 0β2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 6 / 9 | 7 / 9 | 4 / 9 |
| Accruals ratio | β3.7% | β8.8% | β2.8% |
| Altman Z'' | 2.73 | 4.20 | 3.19 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Pilgrim's Pride PPC | $6.7B | 3.5% | 8.7% | 3.5% | 20.1% | 12.2x | 4 | |
| General Mills GIS | $18.5B | β5.5% | 4.8% | 8.8% | 2.0% | β | 5 | Compare β |
| Kraft Heinz KHC | $29.4B | β3.5% | β18.7% | 14.7% | β5.8% | 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.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | β$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 | β$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% | β0.4% | 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% | β0.6% | 3.0% | 3.5% |
| Net income growth | β31.8% | 57.7% | β64.3% | 83.9% | β79.2% | β67.3% | 2,306.2% | β56.9% | 237.9% | β0.4% |
| EPS growth | β30.8% | 61.3% | β64.2% | 83.0% | β78.7% | β66.7% | 2,284.6% | β56.1% | 236.0% | β0.7% |
| FCF growth | β45.3% | 1.6% | β69.0% | 122.7% | 16.0% | β114.9% | β | β34.3% | 1,175.5% | β57.4% |
| Share count change | β1.8% | β2.0% | 0.1% | 0.2% | β1.4% | β0.8% | β1.5% | β1.3% | 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 | β8.5% | β1.9% | β4.0% | β3.2% | β8.6% | β3.6% | 0.8% | β3.7% | β8.8% | β2.8% |
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.