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
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- U.S.
- Europe
- Mexico
- Asia-Pacific
- Other
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| U.S. | $10.55B | $10.17B | $9.50B |
| Europe | $5.30B | $5.09B | $5.15B |
| Mexico | $2.15B | $2.16B | $2.18B |
| Asia-Pacific | $329.8M | $303.6M | $384.9M |
| Other | $164.2M | $161.6M | $151.2M |
As the company reported it, from the “REPORTABLE SEGMENTS - Schedule of Segment Reporting Information, by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- U.S.
- Europe
- Mexico
- Other
| Segment | FY2025 | FY2024 |
|---|---|---|
| U.S. | $11.00B | $10.63B |
| Europe | $5.38B | $5.14B |
| Mexico | $2.12B | $2.11B |
| Other | $99.8M | $121.6M |
As the company reported it, from the “REPORTABLE SEGMENTS - Schedule of Segment Reporting Information, by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.88B | $10.77B | $10.94B | $11.41B | $12.09B | $14.78B | $17.47B | $17.36B | $17.88B | $18.50B |
| Gross profit | $1.10B | $1.47B | $843.5M | $1.07B | $838.2M | $1.37B | $1.81B | $1.12B | $2.31B | $2.36B |
| Net income | $440.5M | $694.6M | $247.9M | $455.9M | $94.8M | $31.0M | $745.9M | $321.6M | $1.09B | $1.08B |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 2015
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| TSN | TYSON FOODS, INC. | — | 42.6x | 2.1% |