Pilgrim's Pride Corporation

PPC

NASDAQ · Meat & Protein Producers

$28.53

At close - Nov 6, 4:00 PM EST - USD

Market Cap$6.79B

P/E21.3x

52W High$44.84

Volume1.36M

VCP Research Verdict2026Q3

Commodity Margin Volatility Overshadows Pilgrim's Pride Income Recovery Case

PPC's revenue has plateaued between $4.4B and $4.8B while gross margin compressed from a 15.0% peak in Q2 2025 to 7.2% in Q3 2026, suggesting earnings remain highly sensitive to feed-to-meat spreads rather than durable operating improvement.

GrowthMixed

ProfitabilityModerate

ValuationAttractive

TechnicalsWeak

Explore valuation models

MARKET ACTION

PPC price & volume

Price trend, volume and key moving averages

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Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis

Fundamental Trajectory

Revenue has held roughly flat near $4.5B to $4.8B per quarter while operating margin contracted from 10.8% in Q2 2025 to 1.4% in Q2 2026, indicating that margin compression rather than top-line weakness is driving earnings volatility.

Analyst Consensus+3.4% target

Hold(22 analysts)

7 Buy14 Hold1 Sell

The Bull Case

Upside Catalysts

Global poultry market leader

Pilgrim's Pride is one of the world's largest poultry producers, recognized for high-quality, affordable chicken products distributed globally.

Diverse product portfolio

The company offers a wide range of fresh, frozen, and value-added chicken products catering to consumers, retailers, and foodservice operators.

Investor transparency

Pilgrim's Pride provides comprehensive SEC filings and investor relations materials, including earnings reports and conference call transcripts.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return

PPC-28.44%

S&P 500 (^GSPC)+7.63%

1-Year Return

PPC-22.07%

S&P 500 (^GSPC)+9.69%

3-Year Return

PPC+39.62%

S&P 500 (^GSPC)+68.38%

5-Year Return

PPC+31.00%

S&P 500 (^GSPC)+56.43%

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis

Trailing P/E5Y High

21.3x

Forward P/EExpansion

13.1x

EV/EBITDA60th %ile

8.5x

FCF YieldCash Flow

0.3%

Valuation vs 5-Year History

Multiple Range

Metric

Current

5Y Median

Historical Range

Percentile

P/E

21.3x

10.0x

80th· High

EV/EBITDA

8.5x

6.4x

60th· Fair

Price/FCF

290.0x

31.3x

100th· High

Current Multiple

5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection

Bear$22.91-19.7%

Base (Fair)$46.39+62.6%

Bull$83.50+192.7%

$22.91 Bear$46.39 Base$83.50 Bull

Current Market Price: $28.53

Trades at a 38.5% discount to Base DCF ($46.39)

Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend

Revenue FY25

$18.5B+3.5% YoY

Net income FY25

$1.08B-0.4% YoY

Free cash flow FY25

$661M-56.4% YoY

Operating margin FY25

8.7%+0.3 pts YoY

ROIC (FY25)20%

Avg ROIC 5Y12.7%

ROE (TTM)8.5%

Piotroski Score5 / 9

Financial Statements →

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History

EPS Beat Rate7/12 (58%)

Revenue Beat Rate7/12 (58%)

Quarter	EPS (Act vs Est)	Revenue (Act vs Est)
Q4 2026Latest Oct 28, 2026	$0.49-11.9% vs $0.56	$4.7B+0.5% vs $4.6B
Q3 2026 Jul 29, 2026	$0.64-9.0% vs $0.70	$4.6B-1.6% vs $4.7B
Q2 2026 Apr 29, 2026	$0.51-26.1% vs $0.69	$4.5B+2.3% vs $4.4B
Q1 2026 Feb 11, 2026	$0.68-12.8% vs $0.78	$4.5B+3.1% vs $4.4B

Historical baseline: 12 quarters analyzedGAAP / Adjusted

MARKET COVERAGE

Latest News

4 Stories

Seeking Alpha·Oct 29, 2026

Pilgrim's Pride Corporation (PPC) Q3 2026 Earnings Call Prepared Remarks Transcript

Pilgrim's Pride Corporation ( PPC ) Q3 2026 Earnings Call October 29, 2026 9:00 AM EDT Company Participants Andrew Rojeski - Head of Strategy, Investor Relations & Net-Zero Programs Fabio Sandri - President & CEO Matthew Galvanoni - CFO & Chief Accounting Officer Presentation Operator Good morning, and welcome to the Third Quarter of 2026 Pilgrim's Pride Earnings Conference Call and webcast. [Operator Instructions] At the company's request, this call is being recorded.

Zacks Investment Research·Oct 29, 2026

PPC Q3 Earnings Beat Estimates Despite U.S. Pricing Pressure

Pilgrim's Pride beats Q3 earnings and sales estimates despite sharp profit declines, as U.S. chicken oversupply pressures margins while Prepared Foods delivers strong growth.

Zacks Investment Research·Oct 28, 2026

Pilgrim's Pride (PPC) Q3 Earnings and Revenues Surpass Estimates

Pilgrim's Pride (PPC) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $1.52 per share a year ago.

WSJ·Oct 28, 2026

Pilgrim's Pride Profit Falls as Supply Outpaces Demand

The company posted net income of $117.6 million as supply for chicken products continued to exceed demand.

Filtered for Pilgrim's Pride CorporationMore Headlines

Compare before deciding

Benchmark PPC against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Pilgrim's Pride Corporation (PPC)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
PPCPilgrim's Pride CorporationCurrent	$28.53	$6.79B	21.28	3.46%	1.75%	8.5%	29.32%
TSNTyson Foods, Inc.	$59.68	$21.16B	29.63	2.12%	1.03%	3.15%	4.1%
HRLHormel Foods Corporation	$21.95	$12.08B	35.30	1.55%	2.82%	4.32%	5.24%
WHWyndham Hotels & Resorts, Inc.	$77.35	$5.74B	28.45	1.49%	13.97%	43.21%	2.17%
SFDSmithfield Foods, Inc.	$19.30	$7.59B	8.48	-100%	5.95%	12.47%	5.22%
CALMCal-Maine Foods, Inc.	$64.60	$3.03B	51.37	-31.68%	2.32%	2.21%	7.5%

Compare PPC vs Peers

Pilgrim's Pride Corporation (PPC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TSN

Most directly comparable listed peer for PPC.

Scale Benchmark

vs DE

Larger-name benchmark to compare PPC against a more recognizable public peer.

Peer Set

Compare Top 5

vs TSN, HRL, WH, SFD

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

PPC SEC Filings & Documents

Pilgrim's Pride Corporation (PPC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Oct 29, 2026·SEC

Material company update

Oct 29, 2026·SEC

Material company update

Oct 9, 2026·SEC

10-K Annual Reports

FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 13, 2025·SEC

FY 2024

Feb 27, 2024·SEC

10-Q Quarterly Reports

FY 2026

Oct 29, 2026·SEC

FY 2026

Jul 30, 2026·SEC

FY 2026

Apr 30, 2026·SEC

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PPC Frequently Asked Questions

Pilgrim's Pride Corporation (PPC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Pilgrim's Pride Corporation's revenue?

Pilgrim's Pride Corporation (PPC) reported $18.33B in revenue over the trailing twelve months. Revenue was $18.50B in fiscal year 2025. That is 1524% more than the $1.14B of fiscal year 1996.

How fast is Pilgrim's Pride Corporation growing?

Pilgrim's Pride Corporation (PPC) revenue fell by 0.1% over the trailing twelve months, compared with the twelve months before.

Is PPC profitable?

Yes. Pilgrim's Pride Corporation (PPC) earned $320.4M in net income over the trailing twelve months (a 1.7% net margin).

Dividend & Returns

Does PPC pay dividends?

Yes. Pilgrim's Pride Corporation (PPC) pays a dividend that yields 29.32% at the current price, a high yield.

What is PPC's return on equity?

Pilgrim's Pride Corporation (PPC) had a return on equity (ROE) of 8.5% over the trailing twelve months. That is below the market's typical 10-15%.

What is Pilgrim's Pride Corporation's free cash flow?

Pilgrim's Pride Corporation (PPC) generated $23.4M in free cash flow over the trailing twelve months.

What if you invested $1,000 in PPC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →

Quarter

EPS (Act vs Est)

Revenue (Act vs Est)

Q4 2026Latest

Oct 28, 2026

$0.49-11.9%

vs $0.56

$4.7B+0.5%

vs $4.6B

Q3 2026

Jul 29, 2026

$0.64-9.0%

vs $0.70

$4.6B-1.6%

vs $4.7B

Q2 2026

Apr 29, 2026

$0.51-26.1%

vs $0.69

$4.5B+2.3%

vs $4.4B

Q1 2026

Feb 11, 2026

$0.68-12.8%

vs $0.78

$4.5B+3.1%

vs $4.4B

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

PPCPilgrim's Pride CorporationCurrent

$28.53

$6.79B

21.28

3.46%

1.75%

8.5%

29.32%

TSNTyson Foods, Inc.

$59.68

$21.16B

29.63

2.12%

1.03%

3.15%

4.1%

HRLHormel Foods Corporation

$21.95

$12.08B

35.30

1.55%

2.82%

4.32%

5.24%

WHWyndham Hotels & Resorts, Inc.

$77.35

$5.74B

28.45

1.49%

13.97%

43.21%

2.17%

SFDSmithfield Foods, Inc.

$19.30

$7.59B

8.48

-100%

5.95%

12.47%

5.22%

CALMCal-Maine Foods, Inc.

$64.60

$3.03B

51.37

-31.68%

2.32%

2.21%

7.5%