Pilgrim's Pride Corporation
Financial Performance
Pilgrim's Pride Revenue & Financials
Revenue
$18.5B (FY2025)
Market Cap
$7.2B
Net Income
$1.1B
Employees
63,000
What is Pilgrim's Pride's revenue?
Pilgrim's Pride had $18.5B in revenue for fiscal year 2025, up 3.5% from 2024. Net income was $1.1B.
- Latest revenue
- $18.5B (FY2025)
- Year-over-year
- +3.5%
- Growth rate (CAGR)
- 7.2% over 9 years
- Peak revenue
- $18.5B (FY2025)
- Years of data
- 10
- Employees
- 63,000
- What is Pilgrim's Pride's operating income?
- Pilgrim's Pride reported operating income of $1.6B for fiscal year 2025. sec.gov
- How much profit does Pilgrim's Pride make?
- Pilgrim's Pride reported net income of $1.1B for fiscal year 2025. sec.gov
- How many employees does Pilgrim's Pride have?
- Pilgrim's Pride has about 63,000 employees.
Financial Analysis
Revenue grew from $9.88 billion in 2016 to $18.50 billion in 2025, but profits are far more volatile than sales. Net income dropped to $31 million in 2021, a year that included antitrust-related charges, then reached $1.09 billion in 2024 and $1.08 billion in 2025. In the first half of 2026 net sales were $9.16 billion, about flat, but adjusted EBITDA fell 45% to $668 million as U.S. commodity chicken prices declined. Net leverage was 1.43x adjusted EBITDA at the end of Q2 2026, below the company's 2x-3x target. Pilgrim's Pride Corporation is one of the absolute largest chicken producers in the United States and Puerto Rico, commanding a market valuation typically over $8 billion while operating as a majority-owned subsidiary of JBS S.A.
Revenue Trend Analysis
YoY Change
+3.5%
9-Year CAGR
+7.2%
Peak Year
2025
Trend
Consistent Growth
Pilgrim's Pride Corporation has 10 full fiscal year figures on this page, compounding at +7.2% annually over 9 years. The most recent year saw a 3.5% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $18.5B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
Click any row to see year details.
Pilgrim's Pride Corporation balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 28, 2025 | $1.4B | $718.5M | $10.3B | $6.6B | $3.7B | $653.1M | Form 10-K |
| FY2024ended Dec 29, 2024 | $2B | $458.5M | $10.7B | $6.4B | $4.2B | $1.5B | Form 10-K |
| FY2023ended Dec 31, 2023 | $677.9M | $557.8M | $9.8B | $6.5B | $3.3B | $120.1M | Form 10-K |
| FY2022ended Dec 25, 2022 | $669.9M | $487.1M | $9.3B | $6.4B | $2.8B | $182.8M | Form 10-K |
| FY2021ended Dec 26, 2021 | $326.5M | $381.7M | $8.9B | $6.3B | $2.6B | -$55.2M | Form 10-K |
| FY2020ended Dec 27, 2020 | $724.2M | $354.8M | $7.5B | $4.9B | $2.6B | $369.5M | Form 10-K |
| FY2019ended Dec 29, 2019 | $666.5M | $348.1M | $7.1B | $4.6B | $2.5B | $318.4M | Form 10-K |
| FY2018ended Dec 30, 2018 | $491.6M | $348.7M | $5.9B | $3.9B | $2B | $143M | Form 10-K |
| FY2017ended Dec 31, 2017 | $801.3M | $339.9M | $6.2B | $4.4B | $1.8B | $461.4M | Form 10-K |
| FY2016ended Dec 25, 2016 | $795.4M | $341M | $5B | $2.9B | $2.1B | $454.4M | Form 10-K |
Keep researching Pilgrim's Pride
Pilgrim's Pride Revenue and Financial FAQ
What was Pilgrim's Pride revenue in 2025?
FY2025 net sales were $18.50 billion, up from $17.88 billion in 2024 and $17.36 billion in 2023.
How profitable is Pilgrim's Pride?
Net income was $1.09 billion in 2024 and $1.08 billion in 2025, but just $322 million in 2023 and $31 million in 2021, showing how strongly commodity cycles affect profit.
How did Pilgrim's Pride perform in Q2 2026?
Q2 2026 net sales fell 2.8% to $4.63 billion. GAAP net income was $13.2 million ($0.06 per share) versus $356.0 million a year earlier, and adjusted EBITDA fell 47.6% to $360.0 million as U.S. commodity prices dropped.
How much debt does Pilgrim's Pride carry?
At the end of Q2 2026 net leverage was 1.43x adjusted EBITDA, below the company's 2x-3x target range.
What is Pilgrim's Pride's market cap?
Pilgrim's Pride had a market capitalization of roughly $7.2 billion in September 2026, with shares trading around $27.
How much of Pilgrim's Pride does JBS own?
JBS owns about 82% of Pilgrim's common stock.
How does feed grain cost volatility (corn and soybeans) determine Pilgrim's profitability?
Corn and soybean meal represent over 50% of the live cost of raising a chicken. Pilgrim's employs dynamic agricultural commodity hedging and grain procurement strategies, while utilizing cost-plus grain-escalator pricing formulas in customer contracts to pass feed inflation through to commercial buyers.
What is Pilgrim's Pride's capital structure and relationship with majority owner JBS?
Pilgrim's operates as an independent public company (NASDAQ: PPC) with its own corporate credit ratings, board of directors, and independent audit committee, while benefiting from the global purchasing power and shipping logistics of Brazilian majority shareholder JBS S.A.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Pilgrim's Pride Revenue & Financials." CorpDigest, https://corpdigest.com/company/pilgrims-pride/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Pilgrim's Pride reported $18.5B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/pilgrims-pride/financials" target="_blank" rel="noopener">CorpDigest — Pilgrim's Pride financials</a></div>Related Financial Audits
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