Is the business good?
How good a business is PPC?
Pilgrim's Pride Corporation earns 17% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
17%
Return on invested capital · cost of capital 9.0% · 8.3 points above what the capital costs: growth creates value
- Operating margin
- 7.4%
Operating margin · Packaged Foods median 8.2% · 12 months to Q1 2026
- Cash conversion
- 0.60×
Cash conversion · 1.15× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +0.12%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 2.0% |
| FY2021 | 1.4% |
| FY2022 | 6.7% |
| FY2023 | 3.0% |
| FY2024 | 8.4% |
| FY2025 | 8.7% |
Details›
- Gross margin12 months to Q1 2026
- 12%
- Operating margin12 months to Q1 2026
- 7.4%
- Net margin12 months to Q1 2026
- 4.8%
- Free cash flow margin
- 2.9%
- Revenue, trailing twelve months
- $18.6B
- Free cash flow, trailing twelve months
- $530M
- Net income, trailing twelve months
- $888M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 17%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.