Pilgrim's Pride Corp (PPC) financial statements: income statement, balance sheet and cash flow
Pilgrim's Pride Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 28, 2025 · FY), Pilgrim's Pride Corp reported revenue of $18.5B (+3.5% year on year) and net income of $1.1B (-0.4% year on year).
Income statement
Pilgrim's Pride Corp income statement, fiscal years
Line item
Dec 28, 2025 · FY
Dec 29, 2024 · FY
Dec 31, 2023 · FY
Dec 25, 2022 · FY
Net sales
$18.5B
$17.9B
$17.4B
$17.5B
Cost of sales
$16.1B
$15.6B
$16.2B
$15.7B
Gross profit
$2.4B
$2.3B
$1.1B
$1.8B
Selling, general and administrative expense
$713.3M
$713.3M
$551.8M
$604.7M
Restructuring activities
$31.4M
$93.4M
$44.3M
$30.5M
Operating income
$1.6B
$1.5B
$522.3M
$1.2B
Interest expense, net of capitalized interest
$161.4M
$161.2M
$202.3M
$152.7M
Interest income
($51.1M)
($72.7M)
($35.7M)
($9.0M)
Foreign currency transaction losses (gains)
$6.8M
($10.0M)
$20.6M
$30.8M
Miscellaneous, net
($5.6M)
$15.3M
($30.1M)
($23.3M)
Income before income taxes
$1.5B
$1.4B
$365.2M
$1.0B
Income tax expense
$418.8M
$325.0M
$42.9M
$278.9M
Net income
$1.1B
$1.1B
$322.3M
$746.5M
Less: Net income attributable to noncontrolling interest
$985.0K
$785.0K
$743.0K
$608.0K
Net income attributable to Pilgrim’s Pride Corporation
$1.1B
$1.1B
$321.6M
$745.9M
Basic (in shares)
237.4M
237.0M
236.7M
239.8M
Effect of dilutive common stock equivalents (in shares)
1.0M
792.0K
572.0K
628.0K
Diluted (in shares)
238.4M
237.8M
237.3M
240.4M
Basic (in dollars per share)
$4.56
$4.58
$1.36
$3.11
Diluted (in dollars per share)
$4.54
$4.57
$1.36
$3.10
Pilgrim's Pride Corp income statement, quarters
Line item
Jun 28, 2026 · Q2
Mar 29, 2026 · Q1
Sep 28, 2025 · Q3
Jun 29, 2025 · Q2
Net sales
$4.6B
$4.5B
$4.8B
$4.8B
Cost of sales
$4.3B
$4.2B
$4.1B
$4.0B
Gross profit
$339.8M
$345.5M
$659.4M
$715.3M
Selling, general and administrative expense
$265.1M
$180.2M
$165.0M
$199.5M
Restructuring activities
$8.7M
$2.8M
$1.8M
$3.5M
Operating income
$66.0M
$162.6M
$492.6M
$512.3M
Interest expense, net of capitalized interest
$49.9M
$37.8M
$38.2M
$42.5M
Interest income
($3.8M)
($6.9M)
($9.2M)
($11.0M)
Foreign currency transaction losses (gains)
($1.3M)
$922.0K
$5.2M
$4.9M
Miscellaneous, net
($614.0K)
($1.2M)
($2.9M)
$414.0K
Income before income taxes
$21.8M
$131.8M
$461.4M
$475.6M
Income tax expense
$8.6M
$30.4M
$118.3M
$119.6M
Net income
$13.2M
$101.5M
$343.1M
$356.0M
Less: Net income (loss) attributable to noncontrolling interest
($157.0K)
$27.0K
$248.0K
$489.0K
Net income attributable to Pilgrim's Pride Corporation
$13.4M
$101.4M
$342.8M
$355.5M
Basic (in shares)
237.9M
237.7M
237.5M
237.4M
Effect of dilutive common stock equivalents (in shares)
915.0K
847.0K
980.0K
1.0M
Diluted (in shares)
238.8M
238.6M
238.5M
238.4M
Basic (in dollars per share)
$0.06
$0.43
$1.44
$1.50
Diluted (in dollars per share)
$0.06
$0.43
$1.44
$1.49
Balance sheet
Pilgrim's Pride Corp balance sheet, fiscal years
Line item
Dec 28, 2025 · FY
Dec 29, 2024 · FY
Dec 31, 2023 · FY
Dec 25, 2022 · FY
Cash and cash equivalents
$640.2M
$2.0B
$697.7M
$401.0M
Restricted cash and cash equivalents
$0
$2.3M
$33.5M
$33.8M
Investment in available-for-sale securities
$0
$10.2M
—
—
Trade accounts and other receivables, less allowance for credit losses and Accounts receivable from related parties
$1.2B
$1.0B
$1.1B
$1.1B
Inventories
$2.0B
$1.8B
$2.0B
$2.0B
Income taxes receivable
$103.7M
$72.4M
$161.1M
$155.9M
Prepaid expenses and other current assets
$272.8M
$200.9M
$195.8M
$211.1M
Assets held for sale
$11.1M
$3.1M
—
—
Total current assets
$4.2B
$5.1B
$4.2B
$3.9B
Deferred tax assets
$31.2M
$29.5M
$4.9M
$2.0M
Other long-lived assets
$113.2M
$62.0M
$35.6M
$41.6M
Operating lease assets, net
$257.8M
$255.7M
$266.7M
$305.8M
Intangible assets, net
$832.1M
$806.2M
$854.0M
$846.0M
Goodwill
$1.3B
$1.2B
$1.3B
$1.2B
Property, plant and equipment, net
$3.5B
$3.1B
$3.2B
$2.9B
Total assets
$10.3B
$10.7B
$9.8B
$9.3B
Accounts payable and Accounts payable to related parties
$1.6B
$1.4B
$1.5B
$1.6B
Revenue contract liabilities
$37.6M
$48.9M
$85.0M
$34.5M
Accrued expenses and other current liabilities
$1.1B
$1.0B
$926.7M
$850.9M
Income taxes payable
$123.8M
$60.1M
$31.7M
$58.4M
Current maturities of long-term debt
$924.0K
$858.0K
$674.0K
$26.3M
Total current liabilities
$2.9B
$2.6B
$2.5B
$2.6B
Noncurrent operating lease liabilities, less current maturities
$199.3M
$195.9M
$203.3M
$230.7M
Long-term debt, less current maturities
$3.1B
$3.2B
$3.3B
$3.2B
Deferred tax liabilities
$452.3M
$423.0M
$385.5M
$364.2M
Other long-term liabilities
$14.8M
$20.0M
$40.2M
$71.0M
Total liabilities
$6.6B
$6.4B
$6.5B
$6.4B
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
2.6M
2.6M
2.6M
2.6M
Treasury stock, at cost, 25,141,153 shares at year-end 2025 and year-end 2024
-544.7M
-544.7M
-544.7M
-544.7M
Additional paid-in capital
$2.0B
$2.0B
$2.0B
$2.0B
Retained earnings
$2.2B
$3.2B
$2.1B
$1.7B
Accumulated other comprehensive loss
($47.0M)
($370.3M)
($176.5M)
($336.4M)
Total Pilgrim’s Pride Corporation stockholders’ equity
$3.7B
$4.2B
$3.3B
$2.8B
Noncontrolling interest
$13.7M
$14.0M
$13.2M
$12.5M
Total stockholders’ equity
$3.7B
$4.3B
$3.3B
$2.9B
Total liabilities and stockholders’ equity
$10.3B
$10.7B
$9.8B
$9.3B
Pilgrim's Pride Corp balance sheet, quarters
Line item
Jun 28, 2026
Mar 29, 2026
Sep 28, 2025
Jun 29, 2025
Cash and cash equivalents
$388.8M
$542.4M
$612.6M
$849.0M
Restricted cash and cash equivalents
$9.5M
—
$2.8M
$9.3M
Trade accounts and other receivables, less allowance for credit losses and Accounts receivable from related parties
$926.1M
$1.1B
$1.1B
$1.1B
Inventories
$2.0B
$2.0B
$2.0B
$1.9B
Income taxes receivable
$79.8M
$93.3M
$66.0M
$67.9M
Prepaid expenses and other current assets
$290.7M
$260.6M
$261.0M
$246.0M
Assets held for sale
$0
$10.9M
$13.5M
$3.3M
Total current assets
$3.7B
$4.0B
$4.1B
$4.3B
Deferred tax assets
$28.9M
$30.3M
$29.5M
$28.7M
Other long-lived assets
$153.3M
$125.5M
$93.4M
$81.5M
Operating lease assets, net
$249.5M
$250.8M
$242.6M
$243.0M
Intangible assets, net
$798.2M
$809.6M
$834.9M
$859.9M
Goodwill
$1.3B
$1.3B
$1.3B
$1.4B
Property, plant and equipment, net
$3.8B
$3.6B
$3.4B
$3.3B
Total assets
$10.0B
$10.2B
$10.0B
$10.1B
Accounts payable and Accounts payable to related parties
$1.6B
$1.6B
$1.5B
$1.5B
Revenue contract liabilities
$31.4M
$32.6M
$56.0M
$49.2M
Accrued expenses and other current liabilities
$1.0B
$1.0B
$977.3M
$969.9M
Income taxes payable
$94.3M
$132.7M
$147.7M
$59.5M
Current maturities of long-term debt
$913.0K
$918.0K
$912.0K
$865.0K
Total current liabilities
$2.7B
$2.7B
$2.7B
$2.6B
Noncurrent operating lease liabilities, less current maturities
$189.8M
$193.0M
$193.4M
$189.4M
Long-term debt, less current maturities
$2.9B
$3.1B
$3.1B
$3.1B
Deferred tax liabilities
$437.5M
$441.9M
$407.8M
$425.7M
Other long-term liabilities
$32.9M
$14.8M
$14.8M
$17.3M
Total liabilities
$6.3B
$6.5B
$6.4B
$6.4B
Common stock
$2.6M
$2.6M
$2.6M
$2.6M
Treasury stock
($544.7M)
($544.7M)
($544.7M)
($544.7M)
Additional paid-in capital
$2.0B
$2.0B
$2.0B
$2.0B
Retained earnings
$2.4B
$2.3B
$2.2B
$2.3B
Accumulated other comprehensive loss
($103.2M)
($111.8M)
($87.4M)
($42.2M)
Total Pilgrim’s Pride Corporation stockholders’ equity
$3.7B
$3.7B
$3.5B
$3.7B
Noncontrolling interest
$13.6M
$13.7M
$13.7M
$14.8M
Total stockholders’ equity
$3.8B
$3.7B
$3.6B
$3.8B
Total liabilities and stockholders’ equity
$10.0B
$10.2B
$10.0B
$10.1B
Cash flow statement
Pilgrim's Pride Corp cash flow statement, fiscal years
Line item
Dec 28, 2025 · FY
Dec 29, 2024 · FY
Dec 31, 2023 · FY
Dec 25, 2022 · FY
Net income
$1.1B
$1.1B
$322.3M
$746.5M
Depreciation and amortization
$456.2M
$433.6M
$419.9M
$403.1M
Asset impairment
$493.0K
$28.6M
$4.0M
$3.6M
Stock-based compensation
$29.4M
$14.9M
$7.2M
$7.0M
Loss (gain) on early extinguishment of debt recognized as a component of interest expense
$573.0K
($11.2M)
$20.7M
$0
Loan cost amortization
$4.9M
$5.0M
$7.4M
$4.8M
Deferred income tax expense
$10.0M
$4.8M
$6.7M
$21.3M
Accretion of bond discount
$2.4M
$2.5M
$2.3M
$1.7M
Loss (gain) on property disposals
$3.9M
$1.8M
($6.1M)
($18.9M)
Loss (gain) on equity method investments
$0
($7.0K)
$328.0K
($2.0K)
Trade accounts and other receivables
($113.1M)
$88.3M
($19.0M)
($149.6M)
Inventories
($193.5M)
$134.5M
$12.6M
($472.2M)
Prepaid expenses and other current assets
($44.5M)
($33.3M)
$17.8M
$18.3M
Accounts payable, accrued expenses and other current liabilities
$155.8M
$126.7M
($68.7M)
$263.3M
Income taxes
$35.4M
$109.4M
($8.9M)
($142.5M)
Long-term pension and other postretirement obligations
($1.9M)
$26.1M
($10.0M)
($4.1M)
Other operating assets and liabilities
($57.7M)
($28.7M)
($30.7M)
($12.3M)
Cash provided by operating activities
$1.4B
$2.0B
$677.9M
$669.9M
Acquisitions of property, plant and equipment
($711.1M)
($476.2M)
($543.8M)
($487.1M)
Proceeds from property disposals
$5.6M
$15.4M
$19.8M
$35.5M
Proceeds from property insurance recoveries
$0
$0
$20.7M
$16.0M
Cash used in investing activities
($705.5M)
($460.8M)
($503.4M)
($445.3M)
Payments on revolving line of credit, long-term borrowings and finance lease obligations
($115.2M)
($152.1M)
($1.6B)
($388.3M)
Proceeds from revolving line of credit and long-term borrowings
$0
$0
$1.8B
$362.5M
Proceeds from contribution (payment of distribution) of capital under Tax Sharing Agreement between JBS USA Holdings and Pilgrim’s Pride Corporation
$0
$1.4M
—
—
Payment on early extinguishment of debt
($2.1M)
($200.0K)
($13.8M)
$0
Purchase of noncontrolling interest
($1.3M)
—
—
—
Payment of capitalized loan costs
$0
($16.0K)
($19.8M)
($4.7M)
Payment of cash dividends
($2.0B)
—
—
—
Cash provided by (used in) financing activities
($2.1B)
($150.9M)
$116.7M
($232.0M)
Effect of exchange rate changes on cash and cash equivalents
$43.9M
($66.5M)
$5.2M
($8.0M)
Increase (decrease) in cash and cash equivalents
($1.4B)
$1.3B
$296.5M
($15.4M)
Cash and cash equivalents, restricted cash and restricted cash equivalents, beginning of year
$2.0B
$731.2M
$434.8M
$450.1M
Cash and cash equivalents, restricted cash and restricted cash equivalents, end of year
$640.2M
$2.0B
$731.2M
$434.8M
Interest paid (net of amount capitalized)
$155.5M
$182.0M
$131.2M
$156.3M
Income taxes paid
$361.9M
$197.6M
$19.7M
$385.6M
Pilgrim's Pride Corp cash flow statement, quarters
Line item
Jun 28, 2026 · YTD
Mar 29, 2026 · Q1
Sep 28, 2025 · YTD
Jun 29, 2025 · YTD
Net income
$114.7M
$101.5M
$995.4M
$652.4M
Depreciation and amortization
$241.8M
$118.5M
$334.4M
$218.0M
Asset impairment
$22.3M
$0
$844.0K
$846.0K
Loss on early extinguishment of debt recognized as a component of interest expense
$17.6M
$0
$573.0K
$1.4M
Stock-based compensation
$11.2M
$6.1M
$19.6M
$14.2M
Deferred income tax benefit
($5.7M)
($4.9M)
($34.0M)
($19.5M)
Loan cost amortization
$2.7M
$1.2M
$3.7M
$2.5M
Loss on property disposals
$2.6M
$2.0M
$2.9M
$2.0M
Accretion of discount related to Senior Notes
$1.1M
$584.0K
$1.8M
$1.2M
Gain on equity method investments
$0
—
$0
($3.0K)
Trade accounts and other receivables
$239.4M
$74.3M
($84.7M)
($75.0M)
Inventories
($7.6M)
($16.0M)
($138.9M)
($105.7M)
Prepaid expenses and other current assets
($17.5M)
$10.2M
($34.6M)
($17.4M)
Accounts payable, accrued expenses and other current liabilities
($127.6M)
($157.1M)
($42.4M)
($34.6M)
Income taxes
($6.7M)
$18.0M
$95.8M
$8.0M
Long-term pension and other postretirement obligations
$1.3M
($1.2M)
($245.0K)
($1.5M)
Other operating assets and liabilities
($17.7M)
($12.4M)
($39.7M)
($24.8M)
Cash provided by operating activities
$471.8M
$140.8M
$1.1B
$622.1M
Acquisitions of property, plant and equipment
($465.2M)
($234.8M)
($441.1M)
($259.3M)
Proceeds from property disposals
$10.4M
$1.7M
$4.1M
$2.9M
Business acquisitions
($3.1M)
($3.1M)
—
—
Cash used in investing activities
($457.9M)
($236.2M)
($437.0M)
($256.4M)
Payments on revolving line of credit, long-term borrowings and finance lease obligations
($313.3M)
($152.0K)
($114.8M)
($90.7M)
Proceeds from revolving line of credit and long-term borrowings
$73.7M
—
—
—
Payment on early extinguishment of debt
($14.5M)
—
($2.1M)
($2.1M)
Payments for dividend
$0
—
($2.0B)
($1.5B)
Cash used in financing activities
($254.2M)
($152.0K)
($2.1B)
($1.6B)
Effect of exchange rate changes on cash and cash equivalents
($1.7M)
($2.3M)
$41.3M
$37.7M
Decrease in cash, cash equivalents, restricted cash and restricted cash equivalents
($241.9M)
($97.8M)
($1.4B)
($1.2B)
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period
$640.2M
$640.2M
$2.0B
$2.0B
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period