At a glance
Pilgrims Pride Corp is worth $6.28B, about 6 times its fiscal 2025 earnings. Revenue grew 3.5% to $18.50B in fiscal 2025, with 5.9% kept as profit; over 5 years it has grown 8.9% a year. It pays a dividend, and returned $1.99B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned −30.5% over the past year with dividends reinvested and +1.9% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 36.5% in the 2020 crash (S&P 500: 33.7%) and 37.9% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 17 months and 18 months after the lows.
The business in plain English
Pilgrim's Pride raises and processes chicken and supplies fresh, frozen and prepared products to restaurant chains, food processors, distributors and grocery stores. In the U.K. it also produces pork and lamb. Customers include Chick-fil-A, Kroger, Costco, Publix and H-E-B in the U.S.; McDonald's, Tesco, Sainsbury's and Waitrose in the U.K. and Europe; and Walmart in Mexico. Its products reach more than 120 other countries. Brands include Pilgrim's, Just Bare, Gold'n Plump, Moy Park and Fridge Raiders. JBS S.A. indirectly owns 82.28% of the stock.
The company is vertically integrated, meaning it controls nearly every step from feed to finished product. Its network includes about 4,500 growers, 36 feed mills, 50 hatcheries, 39 processing plants and 28 prepared-foods cook plants. Profit depends largely on the gap between meat prices and feed costs. Corn and soybean meal made up about 46% and 34% of feed costs in fiscal 2025.
In fiscal 2025, which ended December 28, 2025, sales totaled $18.5 billion. The U.S. segment brought in 59.5%, Europe 29.1% and Mexico 11.5%. Fresh products made up 66.3% of sales and prepared foods 25.4%. Fresh items were 80.9% of U.S. product sales. In Europe, prepared foods such as sausages, bacon and coated foods were 58.6% of chicken and pork sales. The two largest customers made up about 16.8% of sales.
Price history
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PPC -30.5% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Fresh | $12.26B | 66.3% |
| Prepared | $4.71B | 25.4% |
| Export | $1.03B | 5.6% |
| Other | $497.8M | 2.7% |
By business segment
| U.S. | $11.00B | 59.5% |
| Europe | $5.38B | 29.1% |
| Mexico | $2.12B | 11.5% |
By geography
| U.S. | $10.55B | 57% |
| Europe | $5.30B | 28.6% |
| Mexico | $2.15B | 11.6% |
| Asia-Pacific | $329.8M | 1.8% |
| Canada, Caribbean and Central America | $78.5M | 0.4% |
| Africa | $54.9M | 0.3% |
| South America | $30.8M | 0.2% |
Latest results
- In Q3 FY2026 (ended Sep 27, 2026), revenue was $4.65B, down 2.2% from a year earlier, and net income was $117.6M (-65.7%).
- For fiscal 2025, revenue was $18.50B (+3.5% year over year; +8.9% a year from FY2020 to FY2025) with a 5.9% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +8.9% good |
|---|---|
| Operating margin | 8.7% watch |
| Free cash flow margin | 3.5% watch |
| Return on equity (FY2025) | 29.4% good |
| Return on assets (FY2025) | 10.5% good |
| Net cash (cash minus debt) | $-2.47B weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $12.09B | $94.8M | $369.5M |
| FY2021 | $14.78B | $31.0M | $-55.2M |
| FY2022 | $17.47B | $745.9M | $182.8M |
| FY2023 | $17.36B | $321.6M | $120.1M |
| FY2024 | $17.88B | $1.09B | $1.53B |
| FY2025 | $18.50B | $1.08B | $653.1M |
Valuation snapshot
| Market value | $6.28B |
|---|---|
| P/E ratio | 5.8 |
| Dividend yield | 0% |
Rank among 1514 US companies
Market value at each year end
Pilgrims Pride’s market value went from $4.77B at the end of 2016 to $6.28B on Oct 28, 2026, up 32%; since the end of 2025 it is down 32%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $6.28B | -32.2% |
| 2025 | $9.26B | -13.9% |
| 2024 | $10.76B | +64.3% |
| 2023 | $6.55B | +16.7% |
| 2022 | $5.61B | -18.3% |
| 2021 | $6.87B | +43.9% |
| 2020 | $4.78B | -41.5% |
| 2019 | $8.16B | +111.4% |
| 2018 | $3.86B | -50.0% |
| 2017 | $7.73B | +61.9% |
| 2016 | $4.77B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| PPC price data to Oct 28, 2026 | -32.3% | -30.5% | +8.0% | +1.9% | +3.6% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -32.3% |
| 2025 | +0.8% |
| 2024 | +64.1% |
| 2023 | +16.6% |
| 2022 | -15.8% |
| 2021 | +43.8% |
| 2020 | -40.1% |
| 2019 | +110.9% |
| 2018 | -50.1% |
| 2017 | +63.6% |
| 2016 | -14.0% |
| 2015 | -18.8% |
| 2014 | +101.8% |
| 2013 | +124.5% |
| 2012 | +25.7% |
| 2011 | -18.8% |
| 2010 | -20.3% |
| 2009 | +1312.7% |
| 2008 | -97.8% |
| 2007 | -1.4% |
| 2006 | -11.0% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 97.3% over that stretch · deepest drop along the way 99.6%, back to its old high 72 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 31.3% over that stretch · deepest drop along the way 36.5%, back to its old high 16.9 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 24.1% over that stretch · deepest drop along the way 37.9%, back to its old high 17.5 months after the low |
Insider activity
Form 4 filings from 2025-10-30 to 2026-10-30 (11 read): 0 open-market purchases and 1 sales ($303K).
| Date | Insider | Type | Value |
|---|---|---|---|
| Feb 18, 2026 | Matthew R Galvanoni Chief Financial Officer | sell | $303K |
Who owns it
ETFs with the most weight in PPC
| FXG First Trust Consumer Staples AlphaDEX Fund | 4.33% |
| PBJ Invesco Food & Beverage ETF | 3.03% |
| VLLU Harbor AlphaEdge Large Cap Value ETF | 2.95% |
| ECML Euclidean Fundamental Value ETF | 2.76% |
| AZTD Aztlan Global Stock Selection DM SMID ETF | 2.43% |
| JSML Janus Henderson Small Cap Growth Alpha ETF | 1.75% |
| FLOW Global X U.S. Cash Flow Kings 100 ETF | 1.63% |
| XMVM Invesco S&P MidCap Value with Momentum ETF | 1.56% |
What could go wrong
- JBS controls the company. JBS owns 82.28% of the stock and controls most shareholder votes, so outside investors have little say. Legal actions and investigations in the U.S. and Brazil involving its ultimate owners could also hurt Pilgrim's reputation.
- Feed and meat prices drive profits. Earnings swing with corn, soybean meal, chicken and pork prices, which depend on weather and demand. Contracts used to manage feed costs add to the swings, since their gains and losses hit profits immediately.
- Bird flu and swine fever outbreaks. Bird flu outbreaks have occurred in the U.S., U.K., Europe and Mexico. Outbreaks can force the company to destroy flocks, trigger export bans and cut demand. African swine fever threatens the U.K. pork business.
- A few large customers matter. The two largest customers, both in the U.S., made up about 16.8% of fiscal 2025 sales. Losing one, or customers merging and gaining bargaining power, could hurt sales and margins.
- Debt limits flexibility in downturns. As of June 28, 2026, total debt was about $2.86 billion against $389 million in cash and investments. The company warns this debt could limit its flexibility, which matters most when profits fall.
- Contamination and product recalls. Contaminated products could lead to recalls, lawsuits and closer attention from regulators. Insurance may not cover all the costs, and damage to the company's reputation could hurt sales.
Recent events
- Investor presentation or announcement
- Quarterly results released
- Other company announcement
- Major agreement signed; New debt or financial obligation
- Investor presentation or announcement
- Other company announcement
- Major agreement signed; Investor presentation or announcement
- Investor presentation or announcement
- Quarterly results released
- Shareholder vote results
For income and retirement investors
Pilgrim's Pride has no long record of paying dividends. It paid none in fiscal 2023 or 2024, then paid $8.36 per share in fiscal 2025, about $1.99 billion in total. That came to roughly 184% of the year's earnings and 305% of its free cash flow (cash left after running and investing in the business), so it was more than the business generated. A payout that size may not repeat, and income investors cannot count on a steady check. The filings record no buyback spending for fiscal 2021 through 2025. The share count was about 2.3% lower in June 2026 than in July 2021.
The stock has fallen hard in downturns. It lost 99.6% in the 2008 financial crisis and took 72 months to recover. It dropped 36.5% in the 2020 COVID crash and 37.9% in the 2022 bear market, needing about 17 and 18 months to recover. A single stock carries more risk than a diversified fund.
Questions investors ask
How does Pilgrim's Pride make money?
It makes money by raising and processing chicken, plus pork and lamb in the U.K., and supplying it to restaurant chains, food processors and grocery stores. In fiscal 2025 it had $18.5 billion in sales and $1.08 billion in net income. Fresh products brought in 66.3% of sales and prepared foods 25.4%. It runs its own feed mills, hatcheries and plants, so its profit depends largely on the gap between meat prices and feed costs such as corn and soybean meal.
Who owns Pilgrim's Pride?
JBS S.A., through its subsidiaries, owns 82.28% of Pilgrim's Pride's common stock. That lets JBS control the vote on most matters put to shareholders, so outside investors have little influence over the board or big decisions. The company's annual report (10-K) also warns of damage to its reputation from U.S. and Brazilian civil and criminal actions and investigations involving its ultimate controlling shareholders. The stock trades on Nasdaq under the symbol PPC.
Does Pilgrim's Pride pay a dividend?
It has, but not on a steady record. It paid no dividends in fiscal 2023 or 2024. In fiscal 2025 it paid $8.36 per share, about $1.99 billion in total. That was 184% of the year's earnings and 305% of free cash flow (cash left after running and investing in the business), so it paid out more than the business brought in. Payouts that large are hard to sustain. For investors who want reliable, rising income, it is worth comparing with dividend-focused funds.
Is Pilgrim's Pride stock cheap?
On past earnings it looks inexpensive, but that can mislead. As of October 28, 2026, the shares traded at about 5.8 times fiscal 2025 earnings per share of $4.54 (the price-to-earnings, or P/E, ratio), with a market value near $6.3 billion. The company's profits rise and fall with the industry cycle, and profit had dropped sharply. Net income in the quarter ended June 28, 2026 was $13.4 million, down 96.2% from a year earlier. The shares fell 30.5% in the year to October 28, 2026.
How much debt does Pilgrim's Pride have?
Pilgrim's Pride had about $2.86 billion of total debt as of June 28, 2026, against $389 million in cash and investments. That leaves net debt (debt minus cash) of roughly $2.47 billion. Shareholders' equity (assets minus liabilities) was about $3.75 billion. The annual report lists significant leverage, or heavy borrowing, as a risk that could limit the company's financial and operating flexibility. A September 23, 2026 SEC filing also reported a major agreement and a new debt or financial obligation.