PPC

MKT CAP:$8B

Pilgrim's Pride Corporation

Market Cap

$8B

Consumer Defensive·Packaged Foods·🇺🇸 United States·NASDAQ

Consumer Def.·Packaged Foods·🇺🇸·NASDAQ

Stock Price

$32.91-$6.96 (-17.47%)

Apr 21, 2026

Company Details

Pilgrim's Pride Corporation engages in the production, processing, marketing and distribution of fresh, frozen and value-added chicken, and pork products to retailers, distributors, and foodservice operators in the United States, the United...

CEO

Fabio Sandri

IPO Date

Dec 30, 1987

Website

www.pilgrims.com

Key Metrics TTM

Revenue

$18.5B

+3.5% YoY

Net Income

$1.1B

EPS (Diluted)

$4.54

Free Cash Flow

$661M

Revenue / Share

$77.57

Gross Margin

12.7%

Operating Margin

8.7%

Net Margin

5.9%

FCF Margin

3.6%

P/S

0.4x

P/E

7.3x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 12, 2026

$18.5B+3.5%EPS $4.54

Q4 2025

Feb 12, 2026

$4.5B+3.3%EPS $0.37

Q3 2025

Oct 29, 2025

$4.8B+3.8%EPS $1.44

Q2 2025

Jul 30, 2025

$4.8B+4.3%EPS $1.49

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$3.6B	$380M	-$123M
Q3 21	$3.8B	$372M	$121M
Q1 22	$4.2B	$542M	$402M
Q2 22	$4.6B	$677M	$513M
Q3 22	$4.5B	$497M	$339M
Q4 22	$4.1B	$96M	-$78M
Q3 23	$4.4B	$346M	$206M
Q4 23	$4.5B	$321M	$184M
Q1 24	$4.4B	$384M	$250M
Q2 24	$4.6B	$692M	$441M
Q3 24	$4.6B	$684M	$508M
Q4 24	$4.4B	$553M	$307M
Q1 25	$4.5B	$555M	$404M
Q2 25	$4.8B	$715M	$512M
Q3 25	$4.8B	$659M	$493M
Q4 25	$4.5B	$429M	$204M

Valuation

Quarter	P/S	P/E
Q2 21	0.6x	85.6x
Q3 21	0.6x	129.2x
Q1 22	0.5x	28.9x
Q2 22	0.5x	14.8x
Q3 22	0.5x	8.3x
Q4 22	0.5x	10.7x
Q3 23	0.5x	13.5x
Q4 23	0.5x	22.1x
Q1 24	0.5x	28.9x
Q2 24	0.4x	10.5x
Q3 24	0.4x	8.1x
Q4 24	0.4x	7.3x
Q1 25	0.4x	6.6x
Q2 25	0.4x	6.4x
Q3 25	0.4x	6.5x
Q4 25	0.4x	7.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$259M	$177M
Q3 21	$213M	$115M
Q1 22	$227M	$145M
Q2 22	$194M	$80M
Q3 22	$369M	$223M
Q4 22	-$121M	-$265M
Q3 23	$310M	$165M
Q4 23	$278M	$167M
Q1 24	$271M	$163M
Q2 24	$719M	$614M
Q3 24	$651M	$547M
Q4 24	$349M	$190M
Q1 25	$127M	$29M
Q2 25	$495M	$334M
Q3 25	$458M	$276M
Q4 25	$291M	$21M

Capital Expenditures

Quarter	CapEx
Q2 21	$82M
Q3 21	$97M
Q1 22	$82M
Q2 22	$115M
Q3 22	$146M
Q4 22	$145M
Q3 23	$146M
Q4 23	$111M
Q1 24	$108M
Q2 24	$105M
Q3 24	$104M
Q4 24	$159M
Q1 25	$98M
Q2 25	$161M
Q3 25	$182M
Q4 25	$270M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+30.9%	+45.2%
Q3 21	+24.9%	+24.5%
Q1 22	+37.9%	+28.4%
Q2 22	+41.5%	+32.2%
Q3 22	+22.9%	+9.8%
Q4 22	+7.8%	+13.4%
Q3 23	+2.8%	+8.2%
Q4 23	-2.2%	+5.5%
Q1 24	-2.4%	-0.4%
Q2 24	+10.5%	-2.1%
Q3 24	+5.2%	-1.9%
Q4 24	-3.5%	-6.4%
Q1 25	+2.3%	-1.3%
Q2 25	+4.3%	+3.1%
Q3 25	+3.8%	+4.7%
Q4 25	+3.3%	+6.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$3M	0.1%
Q3 21	$3M	0.1%
Q1 22	$2M	0.0%
Q2 22	$2M	0.1%
Q3 22	$2M	0.0%
Q4 22	$1M	0.0%
Q3 23	$2M	0.0%
Q4 23	$2M	0.0%
Q1 24	$5M	0.1%
Q2 24	$2M	0.0%
Q3 24	$2M	0.1%
Q4 24	$6M	0.1%
Q1 25	$7M	0.2%
Q2 25	$7M	0.2%
Q3 25	$5M	0.1%
Q4 25	$10M	0.2%

OpEx Breakdown

Quarter	SG&A
Q2 21	$503M
Q3 21	$251M
Q1 22	$140M
Q2 22	$164M
Q3 22	$158M
Q4 22	$143M
Q3 23	$139M
Q4 23	$131M
Q1 24	$119M
Q2 24	$214M
Q3 24	$145M
Q4 24	$235M
Q1 25	$134M
Q2 25	$199M
Q3 25	$165M
Q4 25	$215M

Revenue Segments

Quarter	Fresh Product	Product, Export	Product, Other	Product, Prepared
Q1 22	$2.7B	$307M	$160M	$1.0B
Q2 22	$3.0B	$326M	$201M	$1.1B
Q3 22	$2.9B	$327M	$159M	$1.1B
Q2 24	$3.0B	$229M	$145M	$1.2B
Q3 24	$3.0B	$246M	$128M	$1.2B
Q1 25	$2.9B	$233M	$148M	$1.1B
Q2 25	$3.2B	$246M	$127M	$1.2B
Q3 25	$3.2B	$274M	$110M	$1.2B
Q4 25	$2.9B	$276M	$113M	$1.2B

Revenue by Geography

Quarter	Europe	Mexico Reportable Segment	U.S. Reportable Segment	Africa	Asia Pacific	Canada, Caribbean and Central America	South America
Q2 21	$936M	$453M	$2.2B	—	—	—	—
Q3 21	$930M	$430M	$2.5B	—	—	—	—
Q1 22	$1.2B	$467M	$2.6B	—	—	—	—
Q2 22	$1.2B	$487M	$2.9B	—	—	—	—
Q3 22	$1.2B	$429M	$2.8B	—	—	—	—
Q3 23	$1.3B	$560M	$2.5B	—	—	—	—
Q1 24	$1.3B	$515M	$2.6B	—	—	—	—
Q2 24	$1.3B	$594M	$2.7B	—	—	—	—
Q3 24	$1.3B	$503M	$2.8B	—	—	—	—
Q1 25	$1.2B	$499M	$2.6B	$15M	$76M	$18M	$7M
Q2 25	$1.3B	$574M	$2.7B	$11M	$76M	$18M	$8M
Q3 25	$1.4B	$539M	$2.7B	$10M	$97M	$18M	$7M
Q4 25	$1.4B	$543M	$2.5B	$19M	$82M	$24M	$9M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$726M	$0	$726M
Q2 22	$682M	$0	$682M
Q3 22	$654M	$0	$654M
Q4 22	$401M	$0	$401M
Q1 23	$151M	$0	$151M
Q2 23	$731M	$0	$731M
Q3 23	$899M	$0	$899M
Q4 23	$698M	$0	$698M
Q1 24	$871M	$0	$871M
Q2 24	$1.3B	$0	$1.3B
Q3 24	$1.9B	$10M	$1.9B
Q4 24	$2.0B	$10M	$2.1B
Q1 25	$2.1B	$0	$2.1B
Q2 25	$849M	$0	$849M
Q3 25	$613M	$0	$613M
Q4 25	$640M	$0	$640M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	244M	-0.1%	-2.4%
Q3 21	244M	+0.2%	-2.3%
Q1 22	244M	+0.0%	-2.1%
Q2 22	241M	-1.4%	-1.2%
Q3 22	239M	-0.7%	-1.8%
Q4 22	236M	-1.1%	-3.2%
Q3 23	237M	+0.4%	-2.8%
Q4 23	237M	+0.0%	-1.5%
Q1 24	237M	+0.0%	-0.7%
Q2 24	238M	+0.1%	+0.5%
Q3 24	238M	+0.1%	+0.2%
Q4 24	238M	+0.1%	+0.3%
Q1 25	238M	+0.1%	+0.3%
Q2 25	238M	0.0%	+0.2%
Q3 25	239M	+0.1%	+0.3%
Q4 25	238M	-0.0%	+0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$117.7K	31K
Q3 21	$123.9K	31K
Q1 22	$71.4K	59K
Q2 22	$78.0K	59K
Q3 22	$75.2K	59K
Q4 22	$67.1K	62K
Q3 23	$70.9K	62K
Q4 23	$74.0K	61K
Q1 24	$71.3K	61K
Q2 24	$74.5K	61K
Q3 24	$74.9K	61K
Q4 24	$71.0K	62K
Q1 25	$72.5K	62K
Q2 25	$77.2K	62K
Q3 25	$77.3K	62K
Q4 25	$71.7K	63K

Revenue / Employee