PILGRIMS PRIDE CORP
Business
Pilgrim's Pride Corporation produces, processes, markets and distributes fresh, frozen and value-added chicken and pork products to retailers, distributors and foodservice operators. The company offers fresh products including whole and cut-up chicken and pork, prepared foods such as breast fillets and deli products, and exported products sold to international markets. Operating as a vertically integrated producer across the U.S., U.K., continental Europe and Mexico, Pilgrim's serves major customers including chain restaurants, grocery chains and wholesale clubs through a network of hatcheries, feed mills, processing plants and distribution centers.
Summary from 10-K filed 2026-02-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 18,498 | 17,878 | 17,362 | 17,468 | 14,777 | |
| Cost of sales | 16,139 | 15,566 | 16,244 | 15,657 | 13,412 | |
| Gross profit | 2,358 | 2,313 | 1,118 | 1,812 | 1,366 | |
| Selling, general and administrative expense | 713 | 713 | 552 | 605 | 1,149 | |
| Restructuring activities | 31 | 93 | 44 | 30 | 6 | |
| Operating income | 1,614 | 1,506 | 522 | 1,177 | 211 | |
| Interest expense, net of capitalized interest | 161 | 161 | 202 | 153 | — | |
| Interest income | −51 | −73 | −36 | −9 | −6 | |
| Foreign currency transaction losses (gains) | 7 | −10 | 21 | 31 | −9 | |
| Miscellaneous, net | −6 | 15 | −30 | −23 | −12 | |
| Income before income taxes | 1,502 | 1,412 | 365 | 1,025 | 92 | |
| Income tax expense | 419 | 325 | 43 | 279 | 61 | |
| Net income | 1,083 | 1,087 | 322 | 747 | 31 | |
| Less: Net income attributable to noncontrolling interest | 985,000 | 785,000 | 743,000 | 608,000 | 268,000 | |
| Net income attributable to Pilgrims Pride Corporation | 1,082 | 1,086 | 322 | 746 | 31 | |
| Basic (in shares) | 237 | 237 | 237 | 240 | 244 | |
| Effect of dilutive common stock equivalents (in shares) | 1 | 792,000 | 572,000 | 628,000 | 477,000 | |
| Diluted (in shares) | 238 | 238 | 237 | 240 | 244 | |
| Basic (in dollars per share) | 4.56 | 4.58 | 1.36 | 3.11 | 0.13 | |
| Diluted (in dollars per share) | 4.54 | 4.57 | 1.36 | 3.1 | 0.13 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 640 | 2,041 | 698 | 401 | 428 | |
| Restricted cash and cash equivalents | 0 | 2 | 33 | 34 | 22 | |
| Investment in available-for-sale securities | 0 | 10 | 0 | — | — | |
| Inventories | 2,031 | 1,783 | 1,985 | 1,990 | 1,576 | |
| Income taxes receivable | 104 | 72 | 161 | 156 | 28 | |
| Prepaid expenses and other current assets | 273 | 201 | 196 | 211 | 238 | |
| Assets held for sale | 11 | 3 | 0 | — | — | |
| Total current assets | 4,237 | 5,120 | 4,204 | 3,892 | 3,306 | |
| Deferred tax assets | 31 | 29 | 5 | 2 | 5 | |
| Other long-lived assets | 113 | 62 | 36 | 42 | 32 | |
| Operating lease assets, net | 258 | 256 | 267 | 306 | 351 | |
| Intangible assets, net | 832 | 806 | 854 | 846 | 963 | |
| Goodwill | 1,339 | 1,239 | 1,286 | 1,228 | 1,337 | |
| Property, plant and equipment, net | 3,533 | 3,138 | 3,158 | 2,941 | — | |
| Total assets | 10,344 | 10,651 | 9,810 | 9,256 | 8,913 | |
| Revenue contract liabilities | 38 | 49 | 85 | 34 | 22 | |
| Accrued expenses and other current liabilities | 1,096 | 1,016 | 927 | 851 | 860 | |
| Income taxes payable | 124 | 60 | 32 | 58 | 82 | |
| Current maturities of long-term debt | 924,000 | 858,000 | 674,000 | 26 | 26 | |
| Total current liabilities | 2,890 | 2,552 | 2,496 | 2,570 | 2,391 | |
| Noncurrent operating lease liabilities, less current maturities | 199 | 196 | 203 | 231 | 271 | |
| Long-term debt, less current maturities | 3,093 | 3,206 | — | — | — | |
| Deferred tax liabilities | 452 | 423 | 386 | 364 | 369 | |
| Other long-term liabilities | 15 | 20 | 40 | 71 | 102 | |
| Total liabilities | 6,650 | 6,397 | 6,466 | 6,402 | 6,324 | |
| Common stock, $.01 par value, 800,000,000 shares authorized; 262,688,600 and 262,263,358 shares issued at year-end 2025 and year-end 2024, respectively; 237,547,447 and 237,122,205 shares outstanding at year-end 2025 and year-end 2024, respectively | 3 | 3 | 3 | 3 | 3 | |
| Treasury stock, at cost, 25,141,153 shares at year-end 2025 and year-end 2024 | −545 | −545 | −545 | −545 | −345 | |
| Additional paid-in capital | 2,024 | 1,994 | 1,979 | 1,970 | 1,964 | |
| Retained earnings | 2,246 | 3,158 | 2,071 | 1,749 | 1,004 | |
| Accumulated other comprehensive loss | −47 | −370 | −176 | −336 | −48 | |
| Total Pilgrims Pride Corporation stockholders equity | 3,680 | 4,239 | 3,331 | 2,841 | 2,577 | |
| Noncontrolling interest | 14 | 14 | 13 | 12 | 12 | |
| Total stockholders equity | 3,694 | 4,253 | 3,345 | 2,853 | 2,589 | |
| Total liabilities and stockholders equity | 10,344 | 10,651 | 9,810 | 9,256 | 8,913 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 456 | 434 | 420 | 403 | 381 | |
| Asset impairment | 493,000 | 29 | 4 | 4 | 0 | |
| Stock-based compensation | 29 | 15 | 7 | 7 | 12 | |
| Loss (gain) on early extinguishment of debt recognized as a component of interest expense | 573,000 | −11 | 21 | 0 | 25 | |
| Loan cost amortization | 5 | 5 | 7 | 5 | 5 | |
| Deferred income tax expense | 10 | 5 | 7 | 21 | −86 | |
| Accretion of bond discount | 2 | 3 | 2 | 2 | — | |
| Loss (gain) on property disposals | 4 | 2 | −6 | −19 | −1 | |
| Loss (gain) on equity method investments | 0 | −7,000 | 328,000 | −2,000 | −16,000 | |
| Trade accounts and other receivables | −113 | 88 | −19 | −150 | −259 | |
| Inventories | −194 | 135 | 13 | −472 | −178 | |
| Prepaid expenses and other current assets | −44 | −33 | 18 | 18 | −54 | |
| Accounts payable, accrued expenses and other current liabilities | 156 | 127 | −69 | 263 | 360 | |
| Income taxes | 35 | 109 | −9 | −142 | — | |
| Long-term pension and other postretirement obligations | −2 | 26 | −10 | −4 | −18 | |
| Other operating assets and liabilities | −58 | −29 | −31 | −12 | −6 | |
| Cash provided by operating activities | 1,372 | 1,990 | 678 | 670 | 326 | |
| Acquisitions of property, plant and equipment | −711 | −476 | −544 | −487 | −382 | |
| Proceeds from property disposals | 6 | 15 | 20 | 36 | 25 | |
| Proceeds from property insurance recoveries | 0 | 0 | 21 | 16 | 0 | |
| Cash used in investing activities | −706 | −461 | −503 | −445 | −1,324 | |
| Payments on revolving line of credit, long-term borrowings and finance lease obligations | −115 | −152 | −1,616 | −388 | −2,006 | |
| Proceeds from revolving line of credit and long-term borrowings | 0 | 0 | 1,768 | 363 | 2,952 | |
| Proceeds from contribution (payment of distribution) of capital under Tax Sharing Agreement between JBS USA Holdings and Pilgrims Pride Corporation | 0 | 1 | −2 | −2 | — | |
| Payment on early extinguishment of debt | −2 | −200,000 | −14 | 0 | −21 | |
| Purchase of noncontrolling interest | −1 | 0 | 0 | — | — | |
| Payment of capitalized loan costs | 0 | −16,000 | −20 | −5 | −22 | |
| Payment of cash dividends | −1,994 | 0 | 0 | — | — | |
| Cash provided by (used in) financing activities | −2,113 | −151 | 117 | −232 | 901 | |
| Effect of exchange rate changes on cash and cash equivalents | 44 | −66 | 5 | −8 | −2 | |
| Increase (decrease) in cash and cash equivalents | −1,403 | 1,312 | 296 | −15 | −98 | |
| Interest paid (net of amount capitalized) | 155 | 182 | 131 | 156 | 119 | |
| Income taxes paid | 362 | 198 | 20 | 386 | 21 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is PILGRIMS PRIDE CORP's CIK number?
PILGRIMS PRIDE CORP's SEC CIK number is 0000802481 (802481). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find PILGRIMS PRIDE CORP's SEC filings?
All of PILGRIMS PRIDE CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did PILGRIMS PRIDE CORP last report earnings?
PILGRIMS PRIDE CORP (PPC) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000802481-26-000028). This is PILGRIMS PRIDE CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is PILGRIMS PRIDE CORP's most recent earnings 8-K?
PILGRIMS PRIDE CORP's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0000802481-26-000028. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View PILGRIMS PRIDE CORP's latest earnings 8-K →
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