PPC financial statements
The full income statement, balance sheet, and cash-flow statement for Pilgrim's Pride Corporation (PPC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofDec 25 ’22 | as ofDec 26 ’21 | |
| Revenue | 18.5B+3.5% | 17.9B+3.0% | 17.4B-0.6% | 17.5B+18.2% | 14.8B+22.2% | |
| 2.36B+2.0% | 2.31B+106.8% | 1.12B-38.3% | 1.81B+32.7% | 1.37B+62.9% | ||
| Cost of revenue | 16.1B+3.7% | 15.6B-4.2% | 16.2B+3.8% | 15.7B+16.7% | 13.4B+19.2% | |
| Research & development | 17.9M+44.4% | 12.4M+117.5% | 5.70M-54.4% | 12.5M+145.1% | 5.10M-5.6% | |
| Selling, general & administrative | 713M-0.0% | 713M+29.3% | 552M-8.8% | 605M-47.4% | 1.15B+93.9% | |
| Restructuring | 31.4M-66.4% | 93.4M+110.6% | 44.3M+45.6% | 30.5M+425.1% | 5.80M+4617.1% | |
| Amortization of intangibles | 33.1M+2.2% | 32.4M-2.1% | 33.1M-1.9% | 33.7M+27.9% | 26.4M+16.2% | |
| Operating income | 1.61B+7.1% | 1.51B+188.4% | 522M-55.6% | 1.18B+457.2% | 211M-14.0% | |
| Interest expense | 161M+0.1% | 161M-20.3% | 202M+32.5% | 153M+4.7% | 146M+15.6% | |
| Interest & investment income | 51.1M-29.7% | 72.7M+103.8% | 35.7M+294.9% | 9.03M+49.1% | 6.06M-17.1% | |
| Other non-operating income | 5.65M+136.9% | -15.3M-150.8% | 30.1M+29.1% | 23.3M+101.5% | 11.6M-70.8% | |
| Equity-method income | 0.00-100.0% | 7.00K+102.1% | -328K-16500.0% | 2.00K-87.5% | 16.0K+105.5% | |
| Pre-tax income | 1.50B+6.4% | 1.41B+286.7% | 365M-64.4% | 1.03B+1009.9% | 92.4M-42.9% | |
| Income tax | 419M+28.8% | 325M+657.6% | 42.9M-84.6% | 279M+356.4% | 61.1M-8.4% | |
| 1.08B-0.4% | 1.09B+237.9% | 322M-56.9% | 746M+2306.2% | 31.0M-67.3% | ||
| Net income to non-controlling interest | 985K+25.5% | 785K+5.7% | 743K+22.2% | 608K+126.9% | 268K-14.4% | |
| $4.54-0.7% | $4.57+236.0% | $1.36-56.1% | $3.10+2284.6% | $0.13-66.7% | ||
| EPS (basic) | $4.56-0.4% | $4.58+236.8% | $1.36-56.3% | $3.11+2292.3% | $0.13-66.7% | |
| Weighted-avg shares (basic) | 237M+0.2% | 237M+0.1% | 237M-1.3% | 240M-1.6% | 244M-0.9% | |
| Weighted-avg shares (diluted) | 238M+0.3% | 238M+0.2% | 237M-1.3% | 240M-1.5% | 244M-0.8% | |
| Dividends per share | $8.40 | — | — | — | — | |
| Balance Sheet | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofDec 25 ’22 | as ofDec 26 ’21 | |
| 4.24B-17.2% | 5.12B+21.8% | 4.20B+8.0% | 3.89B+17.7% | 3.31B+13.9% | ||
| Cash & equivalents | 640M-68.6% | 2.04B+192.5% | 698M+74.0% | 401M-6.2% | 428M-21.9% | |
| Accounts receivable | 1.16B+16.0% | 1.00B-11.1% | 1.13B+2.9% | 1.10B+8.3% | 1.01B+36.6% | |
| Inventory | 2.03B+13.9% | 1.78B-10.2% | 1.99B-0.2% | 1.99B+26.3% | 1.58B+16.0% | |
| Prepaid expenses | 273M+35.8% | 201M+2.6% | 196M-7.2% | 211M-11.1% | 238M+29.8% | |
| 10.3B-2.9% | 10.7B+8.6% | 9.81B+6.0% | 9.26B+3.8% | 8.91B+19.2% | ||
| Property, plant & equipment | — | 3.14B-0.6% | 3.16B+7.4% | 2.94B+0.8% | 2.92B+9.8% | |
| Operating lease right-of-use | 258M+0.8% | 256M-4.1% | 267M-12.8% | 306M-12.9% | 351M+21.6% | |
| Goodwill | 1.34B+8.1% | 1.24B-3.7% | 1.29B+4.7% | 1.23B-8.2% | 1.34B+33.0% | |
| Intangible assets | 832M+3.2% | 806M-5.6% | 854M+0.9% | 846M-12.2% | 963M+63.3% | |
| Deferred tax assets | 31.2M+5.9% | 29.5M+502.9% | 4.89M+148.3% | 1.97M-62.9% | 5.31M-2.9% | |
| Other non-current assets | 113M+82.5% | 62.0M+74.0% | 35.6M-14.3% | 41.6M+28.3% | 32.4M+30.8% | |
| 2.89B+13.2% | 2.55B+2.3% | 2.50B-2.9% | 2.57B+7.5% | 2.39B+23.4% | ||
| Accounts payable | 1.40B+10.3% | 1.27B-2.0% | 1.29B-18.5% | 1.59B+15.2% | 1.38B+34.0% | |
| Accrued liabilities | 1.10B+7.9% | 1.02B+9.6% | 927M+8.9% | 851M-1.0% | 860M+6.4% | |
| Deferred revenue | 37.6M-23.1% | 48.9M-42.4% | 85.0M+146.4% | 34.5M+54.5% | 22.3M-66.1% | |
| Short-term & current debt | 924K+7.7% | 858K+27.3% | 674K-97.4% | 26.3M+0.1% | 26.2M+3.1% | |
| Current lease liability | 59.6M-5.8% | 63.3M-6.1% | 67.4M-14.9% | 79.2M-4.5% | 82.9M+15.9% | |
| Finance lease liability (current) | 585K+9.1% | 536K-20.5% | 674K-30.2% | 966K+3.9% | 930K+121.4% | |
| 6.65B+3.9% | 6.40B-1.1% | 6.47B+1.0% | 6.40B+1.2% | 6.32B+29.1% | ||
| Long-term debt | 3.09B-3.5% | 3.21B-4.0% | 3.34B+5.5% | 3.17B-0.8% | 3.19B+41.5% | |
| Non-current lease liability | 199M+1.7% | 196M-3.6% | 203M-11.9% | 231M-15.0% | 271M+24.8% | |
| Operating lease liability (total) | 259M-0.1% | 259M-4.3% | 271M-12.6% | 310M-12.5% | 354M+22.6% | |
| Finance lease liability (total) | 1.39M-22.5% | 1.79M-27.9% | 2.49M-31.4% | 3.62M-20.3% | 4.55M+173.3% | |
| Finance lease liability | 804K-36.0% | 1.26M-30.7% | 1.81M-31.8% | 2.66M-26.5% | 3.62M+190.8% | |
| Deferred tax liabilities | 452M+6.9% | 423M+9.7% | 386M+5.9% | 364M-1.4% | 369M+8.6% | |
| Other non-current liabilities | 14.8M-26.2% | 20.0M-50.1% | 40.2M-43.4% | 71.0M-30.2% | 102M-31.6% | |
| 3.68B-13.2% | 4.24B+27.3% | 3.33B+17.3% | 2.84B+10.2% | 2.58B+0.5% | ||
| Common stock | 2.63M+0.2% | 2.62M+0.1% | 2.62M+0.1% | 2.62M+0.1% | 2.61M+0.1% | |
| Additional paid-in capital | 2.02B+1.5% | 1.99B+0.8% | 1.98B+0.5% | 1.97B+0.3% | 1.96B+0.5% | |
| Retained earnings | 2.25B-28.9% | 3.16B+52.5% | 2.07B+18.4% | 1.75B+74.3% | 1.00B+3.2% | |
| Treasury stock | 545M+0.0% | 545M+0.0% | 545M+0.0% | 545M+57.8% | 345M+0.0% | |
| Accumulated other comprehensive income | -47.0M+87.3% | -370M-109.8% | -176M+47.5% | -336M-601.0% | -48.0M-132.8% | |
| Non-controlling interest | 13.7M-2.2% | 14.0M+5.9% | 13.2M+6.0% | 12.5M+5.1% | 11.9M+2.3% | |
| Total equity incl. non-controlling | 3.69B-13.2% | 4.25B+27.2% | 3.34B+17.2% | 2.85B+10.2% | 2.59B+0.5% | |
| Total liabilities & equity | 10.3B-2.9% | 10.7B+8.6% | 9.81B+6.0% | 9.26B+3.8% | 8.91B+19.2% | |
| Common shares issued | 263M+0.2% | 262M+0.1% | 262M+0.1% | 262M+0.1% | 261M+0.1% | |
| Common shares outstanding | 238M+0.2% | 237M+0.1% | 237M+0.1% | 236M-3.0% | 244M+0.1% | |
| Shares outstanding (cover) | 238M+0.2% | 237M+0.1% | 237M+0.1% | 236M-3.0% | 244M+0.2% | |
| Cash Flow | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofDec 25 ’22 | as ofDec 26 ’21 | |
| 1.37B-31.1% | 1.99B+193.6% | 678M+1.2% | 670M+105.2% | 326M-54.9% | ||
| Depreciation & amortization | 456M+5.2% | 434M+3.3% | 420M+4.2% | 403M+5.9% | 381M+13.0% | |
| Intangible amortization | 33.1M+2.2% | 32.4M-2.1% | 33.1M-1.9% | 33.7M+27.9% | 26.4M+16.2% | |
| Share-based compensation | 29.4M+97.4% | 14.9M+105.8% | 7.23M+3.5% | 6.99M-40.1% | 11.7M+4322.8% | |
| Deferred income taxes | 10.0M+107.8% | 4.83M-27.6% | 6.67M-68.7% | 21.3M+124.6% | -86.4M-331.4% | |
| Change in receivables | 113M+228.1% | -88.3M-564.8% | 19.0M-87.3% | 150M-42.3% | 259M+989.7% | |
| Change in inventory | 194M+243.9% | -135M-967.5% | -12.6M-102.7% | 472M+165.5% | 178M+783.0% | |
| -706M-53.1% | -461M+8.5% | -503M-13.0% | -445M+66.4% | -1.32B-304.8% | ||
| Capital expenditure | 255M-44.4% | 459M-17.8% | 558M+14.5% | 487M+27.6% | 382M+7.6% | |
| Free cash flow | 1.12B-27.1% | 1.53B+1175.5% | 120M-34.3% | 183M+431.0% | -55.2M-114.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 9.69M-99.0% | 967M+22830.9% | |
| Proceeds from sale of PP&E | 5.56M-63.8% | 15.4M-22.4% | 19.8M-44.3% | 35.5M+43.6% | 24.7M-22.7% | |
| -2.11B-1300.2% | -151M-229.3% | 117M+150.3% | -232M-125.7% | 901M+759.3% | ||
| Long-term debt issued | 0.00 | 0.00-100.0% | 1.77B+387.7% | 363M-87.7% | 2.95B+629.7% | |
| Long-term debt repaid | 115M-24.2% | 152M-90.6% | 1.62B+316.3% | 388M-80.6% | 2.01B+365.5% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 1.99B | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | — | — | — | — | -2.34M-132.1% | |
| Net change in cash | -1.40B-206.9% | 1.31B+342.5% | 296M+2029.9% | -15.4M+84.4% | -98.3M-136.7% | |
| Interest paid | 155M-14.6% | 182M+38.7% | 131M-16.1% | 156M+31.0% | 119M-8.7% | |
| Income taxes paid | 362M+83.2% | 198M+900.4% | 19.7M-94.9% | 386M+1748.2% | 20.9M-59.7% | |
| Valuation Ratios | as ofDec 28 ’25 | as ofDec 29 ’24 | as ofDec 31 ’23 | as ofDec 25 ’22 | as ofDec 26 ’21 | |
| Market cap | 9.46B-13.1% | 10.9B+66.2% | 6.55B+16.4% | 5.63B-16.2% | 6.71B+42.4% | |
| P/E | 7.7×-30.4% | 11.1×-94.6% | 205.0×+3315.9% | 6.0× | — | |
| P/S | 0.5×-14.6% | 0.6×+56.4% | 0.4×+19.2% | 0.3×-33.2% | 0.5×+23.7% | |
| P/B | 2.7×+3.1% | 2.6×+21.7% | 2.1×+3.1% | 2.1×-20.0% | 2.6×+32.4% | |
| P/FCF | 11.5×+59.8% | 7.2× | — | 16.3×-63.6% | 44.6×+191.1% | |
| Earnings yield | 13.0%+43.7% | 9.0%+1755.1% | 0.49%-97.1% | 16.7% | — | |
| FCF yield | 8.7%-37.4% | 13.8% | — | 6.2%+174.5% | 2.2%-65.6% | |
| Dividend yield | 21.1% | — | — | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PPC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PPC filings on SEC EDGAR → Not investment advice.
