Pilgrims Pride Corp PPC

Consumer StaplesFood & TobaccoUnited States of America

Last close 28.72 USD on Nov 1, 2026, −26.3% year to date

Quant rating

Quant rating C Rank 73 of 124 in Consumer Staples

Growth C 59 of 124
Valuation C 53 of 124
Quality B 32 of 124
Revisions D 94 of 124
Momentum C 80 of 124

Wall Street consensus Hold (2.67)Average target 31.93 USD +11.2%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 6.8B
Enterprise value: 9.3B
52-week range: 25.00 – 44.84
3-year range: 21.51 – 52.18
Dividend yield: –
Beta (5 years): 0.34
Shares outstanding: 238M
Next earnings: Feb 11, 2027

About the company

Pilgrim's Pride Corporation is engaged in the production, processing, marketing and distribution of fresh, frozen and value-added chicken and pork products to retailers, distributors and foodservice operators. Its segments include United States (U.S.), Europe, and Mexico. Its fresh products consist of refrigerated whole or cut-up chicken, frozen whole chickens, breast fillets, mini breast fillets and prepackaged case-ready chicken. Its prepared products include portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties and bone-in chicken parts. Its exported products consist of whole chickens and chicken parts sold either refrigerated for distributors in the U.S. or frozen for distribution to export markets. Its market overview consists of chain restaurants, food processors, broad-line distributors and certain other institutions. Its retail market consists of grocery store chains, wholesale clubs and other retail distributors.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	18,498	17,878	17,362	17,468	14,777	–
Revenue growth	3.5%	3.0%	−0.6%	18.2%	22.2%	8.9%
EPS (basic, normalized)	5.17	5.42	1.69	3.34	2.28	–
EPS growth	−4.6%	220.7%	−49.4%	46.5%	–	–
Gross margin	12.7%	12.9%	6.4%	10.4%	9.2%	10.3%
Net margin	5.9%	6.1%	1.9%	4.3%	0.2%	3.7%
ROE	27.3%	28.7%	10.4%	27.5%	1.2%	19.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	936
Current ratio	1.55x
Long-term debt (mil)	3,405
Net debt (mil)	2,482
Total equity (mil)	3,876
Net debt / equity	0.64x
Net debt / EBITDA	1.09x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	18,498	+3.5%	0.5x	2,268	+3.9%	4.1x	5.17	−4.6%	5.6x
2026	18,467	−0.2%	0.5x	1,303	−42.6%	7.2x	2.11	−59.1%	13.6x
2027	18,885	+2.3%	0.5x	1,476	+13.3%	6.3x	2.53	+19.8%	11.3x
2028	19,328	+2.3%	0.5x	1,666	+12.9%	5.6x	3.13	+23.9%	9.2x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	18,467	−0.3%	−0.5%	−2.0%	2.11	−11.6%	−19.2%	−39.0%
2027	18,885	−0.3%	−0.2%	−1.5%	2.53	−8.4%	−13.6%	−30.3%
2028	19,328	−0.4%	+0.2%	−0.8%	3.13	−7.5%	−7.5%	−12.2%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	4,362	4,559	4,585	4,372	4,463	4,757	4,759	4,518	4,533	4,626
Sales mean (mil)	4,450	4,622	4,661	4,589	4,491	4,629	4,699	4,403	4,431	4,710
Surprise	−2.0%	−1.4%	−1.6%	−4.7%	−0.6%	+2.8%	+1.3%	+2.6%	+2.3%	−1.8%
EPS reported	0.77	1.67	1.63	1.35	1.31	1.70	1.52	0.68	0.51	0.64
EPS mean	0.64	1.30	1.38	1.13	1.34	1.58	1.40	0.76	0.70	0.69
Surprise	+20.7%	+28.7%	+18.1%	+19.3%	−1.9%	+7.8%	+8.8%	−10.5%	−26.9%	−7.2%

Peer comparison Food & Tobacco

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
PPC Pilgrims Pride Corp	6.8B	1.09x	5.9%	1.76x	13.6x	11.3x	7.2x	6.3x
ADM Archer-Daniels-Midland Co	37.1B	1.97x	1.3%	1.57x	13.9x	13.2x	9.4x	9.1x
HSY The Hershey Company	33.3B	1.80x	7.6%	4.97x	19.1x	17.3x	12.4x	11.5x
KHC The Kraft Heinz Company	28.9B	2.86x	−23.4%	0.80x	11.9x	11.7x	9.2x	9.2x
BG Bunge Global SA	18.6B	5.43x	1.2%	1.16x	10.4x	8.9x	8.5x	7.7x
TSN Tyson Foods Inc	20.1B	2.03x	0.9%	1.11x	16.2x	14.8x	8.3x	7.9x
Mean		2.53x	−1.1%	1.90x	14.2x	12.9x	9.2x	8.6x
Median		2.00x	1.3%	1.37x	13.8x	12.4x	8.9x	8.5x

Technical analysis

1M+2.2%
3M−3.7%
1Y−24.4%
3Y+62.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Pilgrims Pride Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	18,498	17,878	17,362	17,468	14,777	12,092
Cost of revenue	16,139	15,566	16,244	15,657	13,412	11,254
Gross profit	2,358	2,313	1,118	1,812	1,366	838
Selling, general & administrative expenses	713	713	552	605	1,149	593
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	32.0	93.4	44.3	30.5	30.5	0.1
Other operating expenses	0	0	0	0	0	0
Operating income	1,613	1,506	522	1,177	187	245
Net interest income (expense)	−116	−78.5	−187	−174	−106	−123
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	5.6	−15.3	30.1	23.3	11.6	39.7
Net income before taxes	1,502	1,412	365	1,025	92.4	162
Provision for taxes	419	325	42.9	279	61.1	66.8
Minority interest	−1.0	−0.8	−0.7	−0.6	−0.3	−0.3
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	1,082	1,086	322	746	31.0	94.8
Extraordinary items	–	–	–	–	–	–
Net income	1,082	1,086	322	746	31.0	94.8
EBIT, normalized	1,811	1,793	625	1,207	896	400
EBITDA, normalized	2,268	2,228	1,045	1,610	1,277	737
Basic EPS, normalized	5.17	5.42	1.69	3.34	2.28	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Pilgrims Pride Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	640	2,051	698	401	428	548
Receivables	1,282	1,079	1,292	1,256	1,043	812
Total inventory	2,031	1,783	1,985	1,990	1,576	1,359
Prepaid expenses	273	201	196	211	238	183
Other current assets	11.1	5.4	33.5	33.8	22.5	0.8
Total current assets	4,237	5,120	4,204	3,892	3,306	2,903
Property, plant & equipment	3,791	3,394	3,425	3,247	3,269	2,946
Goodwill	1,339	1,239	1,286	1,228	1,337	1,005
Intangibles	832	806	854	846	963	590
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	144	91.5	40.5	43.5	37.7	30.3
Total assets	10,344	10,651	9,810	9,256	8,913	7,474
Liabilities
Accounts payable	1,400	1,269	1,295	1,477	1,273	905
Payable/accrued	–	–	–	–	–	–
Accrued expenses	935	1,011	909	832	860	808
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	0.9	0.9	0.7	26.3	26.2	25.5
Other current liabilities	554	271	291	235	231	200
Total current liabilities	2,890	2,552	2,496	2,570	2,391	1,938
Long-term debt	3,093	3,206	3,341	3,166	3,191	2,256
Minority interest	13.7	14.0	13.2	12.5	11.9	11.6
Other liabilities	666	639	629	666	742	706
Total liabilities	6,663	6,411	6,479	6,415	6,336	4,911
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	2.6	2.6	2.6	2.6	2.6	2.6
Additional paid-in capital	2,024	1,994	1,979	1,970	1,964	1,954
Retained earnings (accumulated deficit)	2,246	3,158	2,071	1,749	1,004	973
Treasury stock	−545	−545	−545	−545	−345	−345
Other equity	−47.0	−370	−176	−336	−48.0	−20.6
Total equity	3,680	4,239	3,331	2,841	2,577	2,564
Total liabilities & shareholders' equity	10,344	10,651	9,810	9,256	8,913	7,474

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Pilgrims Pride Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	1,083	1,087	322	747	31.3	95.1
Depreciation, depletion & amortization	456	434	420	403	381	337
Deferred taxes	10.0	4.8	6.7	21.3	−86.4	37.3
Non-cash items	41.6	41.5	35.9	−1.9	41.3	−4.7
Changes in working capital	−220	423	−107	−499	−40.5	259
Cash from operations	1,372	1,990	678	670	326	724
Investing activities
Capital expenditures	−711	−476	−544	−487	−382	−355
Other investing cash flows	5.6	15.4	40.5	41.9	−942	27.8
Cash from investing	−706	−461	−503	−445	−1,324	−327
Financing activities
Financing cash flow items	−1.3	0	−19.8	−4.7	−22.3	0
Cash dividends paid	−1,994	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−117	−151	137	−227	924	−137
Cash from financing	−2,113	−151	117	−232	901	−137
Foreign exchange effects	43.9	−66.5	5.2	−8.0	−2.3	7.3
Net change in cash	−1,403	1,312	296	−15.4	−98.3	268
Free cash flow	661	1,514	134	183	−55.2	369

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.