PPC FY 2024 Earnings Report — Pilgrim's Pride Corporation Revenue & Financial Results | Market Cap Arena

Pilgrim's Pride CorporationPPC

FY 2024 Earnings

Reported February 13, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$17.9B	—	$17.4B	—	3.0%
Op. Income	$1.5B	—	$522M	—	188.4%
Gross Margin	12.9%	—	6.4%	—	6.5pp
Net Margin	6.1%	—	1.9%	—	4.2pp
EPS (Diluted)	$4.57	—	$1.36	—	236.0%
Free Cash Flow	$1.5B	—	$134M	—	1029.3%

Revenue Flow

Item	Amount
REVENUE	$17.9B
Cost of Revenue	$15.6B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$713M
Other Expenses	$93M
Operating Expenses	$807M
Cost & Expenses	$16.4B
OPERATING INCOME	$1.5B
Interest Income	$73M
Interest Expense	$161M
Other Income/Expenses	-$94M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$325M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$434M
EBIT	$1.6B
EBITDA	$2.0B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$17.9B
Cost of Revenue	$15.6B
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$713M
Other Expenses	$93M
Operating Expenses	$807M
Cost & Expenses	$16.4B
OPERATING INCOME	$1.5B
Interest Income	$73M
Interest Expense	$161M
Other Income/Expenses	-$94M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$325M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$434M
EBIT	$1.6B
EBITDA	$2.0B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$434M
Stock-Based Compensation	$15M
Deferred Income Tax	$5M
Other Non-Cash Items	$27M
Change in Working Capital	$423M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$476M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$15M
NET CASH FROM INVESTING	-$461M
Net Debt Issuance	-$152M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$151M
FREE CASH FLOW	$1.5B
Net Change in Cash	$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$10M
Net Receivables	$1.1B
Inventory	$1.8B
Other Current Assets	$206M
TOTAL CURRENT ASSETS	$5.1B
PP&E (Net)	$3.4B
Goodwill	$1.2B
Intangible Assets	$806M
Long-Term Investments	$0
Tax Assets	$29M
Other Non-Current Assets	$62M
TOTAL NON-CURRENT ASSETS	$5.5B
TOTAL ASSETS	$10.7B
Account Payables	$1.3B
Short-Term Debt	$858.0K
Deferred Revenue	$49M
Other Current Liabilities	$539M
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$3.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$423M
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$6.4B
Common Stock	$3M
Additional Paid-In Capital	$2.0B
Retained Earnings	$3.2B
Treasury Stock	-$545M
Accum. Other Comp. Income	-$370M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.2B
Minority Interest	$14M
TOTAL EQUITY	$4.3B
TOTAL LIABILITIES & EQUITY	$10.7B
Total Debt	$3.5B
Net Debt	$1.4B