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Pilgrims Pride cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$11.0M in Q3 2026 · $466M over twelve months

Operating cash flow$212M
Capital spending−$201M
Free cash flow+$11.0M
Cash / net income1.8×

Analysis

In Q3 2026, Pilgrims Pride generated $212M of operating cash flow and spent $201M on capital projects, leaving free cash flow of $11.0M.

Over the twelve months to Sep 27, 2026, operating cash flow was $975M; the largest uses were capital spending ($509M), other investing ($446M), other financing ($21.0M); besides operations, cash came from net borrowing (+) / repaid (−) ($309M), asset & business sales ($13.1M); the cash balance rose by $322M.

Operating cash flow was $212M against net income of $116M — 1.8× profit, cash ran ahead of reported earnings. The largest differences: payables +$144M, depreciation & amortization +$123M, receivables −$84.9M.

Free cash flow

Pilgrims Pride: free cash flow by quarterPilgrims Pride: free cash flow by quarter$177MQ4 2024$28.1MQ1 2025$339MQ2 2025$276MQ3 2025$474MQ4 2025−$95.4MQ1 2026$76.8MQ2 2026$11.0MQ3 2026
Operating cash flow less capital spending.
Pilgrims Pride: operating cash flow against capital spendingPilgrims Pride: operating cash flow against capital spendingOperating cash flowCapital spending$349M$173MQ4 2024$127M$98.8MQ1 2025$495M$156MQ2 2025$458M$182MQ3 2025$291M−$182MQ4 2025$141M$236MQ1 2026$331M$254MQ2 2026$212M$201MQ3 2026
Latest (Q3 2026): Operating cash flow $212M, Capital spending $201M.

Capital allocation, year by year

Pilgrims Pride: where the cash came from (up) and went (down), by fiscal yearPilgrims Pride: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsDividendsFY2021: Operating cash flow $326MFY2021: Net borrowing $945MFY2021: Asset sales $24.7MFY2021: Capital spending −$382MFY2021: Acquisitions −$967M$1.3BFY2021FY2022: Operating cash flow $670MFY2022: Net borrowing −$26.7MFY2022: Asset sales $35.5MFY2022: Capital spending −$487MFY2022: Acquisitions −$9.7M$705MFY2022FY2023: Operating cash flow $678MFY2023: Net borrowing $151MFY2023: Asset sales $19.8MFY2023: Capital spending −$558M$849MFY2023FY2024: Operating cash flow $2.0BFY2024: Net borrowing −$153MFY2024: Asset sales $15.4MFY2024: Capital spending −$458M$2.0BFY2024FY2025: Operating cash flow $1.4BFY2025: Net borrowing −$116MFY2025: Asset sales $5.6MFY2025: Capital spending −$255MFY2025: Dividends −$2.0B$1.4BFY2025
Over these 5 years operating cash flow totalled $5.0B; the largest uses were capital spending ($2.1B) and dividends ($2.0B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$936M
Debt$3.4B
Net debt$2.5B
Due within a year$911K

Pilgrims Pride funds itself: free cash flow was $466M over the last twelve months, and $936M of cash and investments stands against $3.4B of debt ($911K due within a year, 1027.2× covered by cash).

Where the cash came from and went

Pilgrims Pride: sources (+) and uses (−) of cash, Q3 2026Pilgrims Pride: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)$549MCash drawn (+) / kept (−)−$539MOperating cash flow$212MCapital spending−$201MOther investing−$15.5MOther financing−$6.5MAsset & business sales$1.3MExchange rates−$867K
Pilgrims Pride: sources (+) and uses (−) of cash, TTM to Q3 2026Pilgrims Pride: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$975MCapital spending−$509MOther investing−$446MCash drawn (+) / kept (−)−$322MNet borrowing (+) / repaid (−)$309MOther financing−$21.0MAsset & business sales$13.1MExchange rates$87K

From profit to cash

Pilgrims Pride: net income to operating cash flow, Q3 2026Pilgrims Pride: net income to operating cash flow, Q3 2026Net income$116MDepreciation & amortization$123MStock-based pay$5.8MDeferred taxes$27.3MGains on disposals$2.6MReceivables−$84.9MInventory−$57.0MPayables$144MPrepaid and other assets−$37.4MIncome taxes payable−$20.5MOther operating capital−$9.0MOperating cash flow$212M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 202622443037
Q4 202523453037
Q3 202522433035
Q2 202521433034
Q1 202522423034
Q4 202422423034

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$212M−$201M——$549M−$539M$11.0M
Q2 2026$331M−$254M——−$313M$144M$76.8M
Q1 2026$141M−$236M−$3.1M—−$152K$97.8M−$95.4M
Q4 2025$291M$182M——−$462K−$24.9M$474M
Q3 2025$458M−$182M—−$499M−$24.1M$243M$276M
Q2 2025$495M−$156M——−$87.1M$1.2B$339M
Q1 2025$127M−$98.8M——−$3.6M−$34.3M$28.1M
Q4 2024$349M−$173M——−$449K−$159M$177M

Pilgrims Pride: income statement and cash flow

Pilgrims Pride, Q3 2026: revenue $4.7B (-2% year over year), operating margin 4.1%. The chart follows the revenue to costs, profit and cash.

Pilgrims Pride: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.