PILGRIMS PRIDE CORP PPC
Pilgrim's Pride Corporation (referred to herein as "Pilgrim's," "PPC," "the Company," "we," "us," "our," or similar terms) is primarily engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors and foodservice operators. JBS S.A., through its indirect wholly-owned subsidiaries (together, "JBS"), beneficially owns 82.28% of our outstanding common stock.
We market our balanced portfolio of fresh, prepared and value-added meat products to a diverse set of customers across the U.S., the U.K. and Europe, Mexico and in over 120 other countries. Our sales efforts are largely targeted towards the foodservice industry, principally chain restaurants and food processors, such as Chick-fil-A® and retail customers, including grocery store chains and wholesale clubs, such as Kroger®, Costco®, Publix® and H-E-B® in the U.S., chain restaurants such as McDonald's® and grocery store chains such as Sainsbury's, Tesco and Waitrose in the U.K. and Europe, and grocery store chains such as Wal-Mart® in Mexico.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.50B | $17.88B | $17.36B | $17.47B | $14.78B | $12.09B | $11.41B | $10.94B | $10.77B | $9.88B |
| Cost of revenue | $16.14B | $15.57B | $16.24B | $15.66B | $13.41B | $11.25B | $10.34B | $10.09B | $9.30B | $8.77B |
| Gross profit | $2.36B | $2.31B | $1.12B | $1.81B | $1.37B | $838.2M | $1.07B | $843.5M | $1.47B | $1.10B |
| R&D | $17.9M | $12.4M | $5.7M | $12.5M | $5.1M | $5.4M | $5.1M | $4.0M | $3.7M | $3.5M |
| SG&A | $713.2M | $713.3M | $551.8M | $604.7M | $1.15B | $592.6M | $379.9M | $343.0M | $389.5M | $310.8M |
| Operating income | $1.61B | $1.51B | $522.3M | $1.18B | $211.2M | $245.5M | $690.6M | $495.7M | $1.07B | $792.1M |
| Interest expense | $161.4M | $161.2M | $202.3M | $152.7M | $145.8M | $126.1M | $132.6M | $162.8M | $107.2M | $75.6M |
| Pre-tax income | $1.50B | $1.41B | $365.2M | $1.03B | $92.4M | $161.8M | $617.5M | $332.2M | $982.1M | $724.0M |
| Income tax | $418.8M | $325.0M | $42.9M | $278.9M | $61.1M | $66.8M | $161.0M | $85.4M | $263.9M | $243.9M |
| Net income | $1.08B | $1.09B | $321.6M | $745.9M | $31.0M | $94.8M | $455.9M | $247.9M | $694.6M | $440.5M |
| EPS, basic | 4.56 | 4.58 | 1.36 | 3.11 | 0.13 | 0.39 | 1.83 | 1.00 | 2.79 | 1.74 |
| EPS, diluted | 4.54 | 4.57 | 1.36 | 3.10 | 0.13 | 0.39 | 1.83 | 1.00 | 2.79 | 1.73 |
| Shares, diluted (wtd. avg.) | $238.4M | $237.8M | $237.3M | $240.4M | $244.1M | $246.1M | $249.7M | $249.1M | $249.0M | $254.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $640.2M | $2.04B | $731.2M | $434.8M | $450.1M | $548.4M | $280.6M | $361.6M | $589.5M | $297.5M |
| Short-term investments | $0 | $10.2M | $0 | — | — | — | — | — | — | — |
| Receivables | $1.16B | $1.00B | $1.13B | $1.10B | $1.01B | $742.0M | $741.3M | $561.5M | $565.5M | $445.6M |
| Inventory | $2.03B | $1.78B | $1.99B | $1.99B | $1.58B | $1.36B | $1.38B | $1.16B | $1.26B | $975.6M |
| Total current assets | $4.24B | $5.12B | $4.20B | $3.89B | $3.31B | $2.90B | $2.60B | $2.23B | $2.52B | $1.81B |
| Property, plant and equipment | — | $3.14B | $3.16B | $2.94B | $2.92B | $2.66B | $2.59B | $2.16B | $2.10B | $1.83B |
| Goodwill | $1.34B | $1.24B | $1.29B | $1.23B | $1.34B | $1.01B | $973.8M | $949.8M | $1.00B | $887.2M |
| Other intangibles | $832.1M | $806.2M | $854.0M | $846.0M | $963.2M | $589.9M | $596.1M | $564.1M | $617.2M | $471.6M |
| Total assets | $10.34B | $10.65B | $9.81B | $9.26B | $8.91B | $7.47B | $7.10B | $5.93B | $6.25B | $5.02B |
| Accounts payable | $2.77B | $2.49B | $2.46B | $2.49B | $1.38B | $1.03B | $993.8M | $827.8M | $733.0M | $790.4M |
| Short-term debt | $924.0K | $858.0K | $674.0K | $26.3M | $26.2M | $25.5M | $26.4M | $30.4M | $47.8M | $15.7M |
| Total current liabilities | $2.89B | $2.55B | $2.50B | $2.57B | $2.39B | $1.94B | $1.65B | $1.30B | $1.45B | $1.19B |
| Long-term debt | — | $3.21B | $3.34B | — | — | — | — | $2.32B | $2.66B | $1.41B |
| Total liabilities | $6.65B | $6.40B | $6.47B | $6.40B | $6.32B | $4.90B | $4.57B | $3.91B | $4.39B | $2.94B |
| Retained earnings | $2.25B | $3.16B | $2.07B | $1.75B | $1.00B | $972.6M | $877.8M | $421.9M | $173.9M | -$782.8M |
| Total equity | $3.68B | $4.24B | $3.34B | $2.85B | $2.59B | $2.58B | $2.54B | $2.02B | $1.86B | $2.09B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.37B | $1.99B | $677.9M | $669.9M | $326.5M | $724.2M | $666.5M | $491.6M | $801.3M | $795.4M |
| Depreciation and amortisation | $456.2M | $433.6M | $419.9M | $403.1M | $380.8M | $337.1M | $287.2M | $274.1M | $271.8M | $231.7M |
| Stock-based compensation | $29.4M | $14.9M | $7.2M | $7.0M | $11.7M | -$276.0K | $10.1M | $13.2M | $3.0M | $6.1M |
| Capital expenditure | $718.5M | $458.5M | $557.8M | $487.1M | $381.7M | $354.8M | $348.1M | $348.7M | $339.9M | $341.0M |
| Investing cash flow | -$705.5M | -$460.8M | -$503.4M | -$445.3M | -$1.32B | -$327.0M | -$717.1M | -$338.9M | -$992.1M | -$327.6M |
| Financing cash flow | -$2.11B | -$150.9M | $116.7M | -$232.0M | $901.3M | -$136.7M | -$34.5M | -$384.2M | $466.4M | -$828.2M |
| Dividends paid | $1.99B | $0 | $0 | — | — | — | — | $0 | $0 | $714.8M |
| Buybacks | — | — | — | $199.6M | $199.6M | $110.2M | $2.9M | $236.0K | $14.6M | $117.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000802481-26-000011.
Others in SIC 2015
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| TSN | TYSON FOODS, INC. | — | 38.7x | 2.1% |