Hormel Foods vs Pilgrim's Pride
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The short version
- Pilgrim's Pride is the larger business, with $18.5B of revenue in fiscal 2025 against $12.1B for Hormel Foods, about 1.5 times as much.
- Pilgrim's Pride grew revenue faster (3.5%, against 1.6%).
- Pilgrim's Pride kept more of each dollar of sales as operating profit (8.7% operating margin, against 5.9%).
- Hormel Foods turned more of its sales into free cash flow (4.4% FCF margin, against 3.5%).
- Pilgrim's Pride earned a higher return on the capital invested in it (20.1%, against 5.1%).
- Investors pay more for each dollar of Hormel Foods’s earnings: a P/E of 33.4x against 12.2x for Pilgrim's Pride.
| Latest fiscal year | HRL · FY25 | PPC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $11.6B | $6.7B |
| Revenue | $12.1B | $18.5B |
| Free cash flow | $534M | $653M |
| Net income | $478M | $1.1B |
| Growth | ||
| Revenue growth | 1.6% | 3.5% |
| 5-year growth | 4.7% | 8.9% |
| Share count change | 0.3% | 0.3% |
| Profitability | ||
| Gross margin | 15.6% | 12.8% |
| Operating margin | 5.9% | 8.7% |
| Net margin | 4.0% | 5.9% |
| FCF margin | 4.4% | 3.5% |
| Return on capital | 5.1% | 20.1% |
| Return on equity | 6.0% | 27.3% |
| Balance sheet | ||
| Net debt | $2.2B | $2.5B |
| Net debt / EBITDA | 2.2x | 1.2x |
| Dividends and buybacks | $633M | $2.0B |
| Valuation & quality | ||
| P/E | 33.4x | 12.2x |
| Piotroski F-score | 5 | 4 |
FY16
HRL $9.5B
PPC $9.9B
FY17
HRL $9.2B
PPC $10.8B
FY18
HRL $9.5B
PPC $10.9B
FY19
HRL $9.5B
PPC $11.4B
FY20
HRL $9.6B
PPC $12.1B
FY21
HRL $11.4B
PPC $14.8B
FY22
HRL $12.5B
PPC $17.5B
FY23
HRL $12.1B
PPC $17.4B
FY24
HRL $11.9B
PPC $17.9B
FY25
HRL $12.1B
PPC $18.5B
HRL
PPC
FY16
HRL 13.9%
PPC 8.0%
FY17
HRL 13.9%
PPC 10.0%
FY18
HRL 12.4%
PPC 4.5%
FY19
HRL 12.6%
PPC 6.1%
FY20
HRL 11.5%
PPC 2.0%
FY21
HRL 9.9%
PPC 1.4%
FY22
HRL 10.5%
PPC 6.7%
FY23
HRL 8.9%
PPC 3.0%
FY24
HRL 9.0%
PPC 8.4%
FY25
HRL 5.9%
PPC 8.7%
HRL
PPC
FY16
HRL $785M
PPC $454M
FY17
HRL $813M
PPC $461M
FY18
HRL $852M
PPC $143M
FY19
HRL $629M
PPC $318M
FY20
HRL $761M
PPC $369M
FY21
HRL $770M
PPC −$55.2M
FY22
HRL $856M
PPC $183M
FY23
HRL $778M
PPC $120M
FY24
HRL $1.0B
PPC $1.5B
FY25
HRL $534M
PPC $653M
HRL
PPC
FY16
HRL —
PPC 16.2%
FY17
HRL —
PPC 21.8%
FY18
HRL 19.2%
PPC 9.2%
FY19
HRL 17.2%
PPC 11.8%
FY20
HRL 15.6%
PPC 3.2%
FY21
HRL 11.6%
PPC 2.2%
FY22
HRL 10.5%
PPC 15.5%
FY23
HRL 8.3%
PPC 7.9%
FY24
HRL 8.1%
PPC 20.3%
FY25
HRL 5.1%
PPC 20.1%
HRL
PPC
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.