Filing Flows › Pilgrims Pride (PPC) › Q2 2025
Pilgrims Pride (PPC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Pilgrims Pride (PPC) reported revenue of $4.8B for the second quarter 2025 (Q2 2025), +4% from a year earlier and +7% from the quarter before. Operating margin was 10.8%, net earnings $356M (7.5% of revenue).
Pilgrims Pride, Q2 2025: revenue $4.8B (+4% year over year), operating margin 10.8%, net earnings $356M, operating cash flow $495M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.8B | +7% | +4% |
| Gross profit | $715M | +29% | +3% |
| Operating profit | $512M | +27% | +16% |
| Net earnings | $356M | +20% | +9% |
| Operating cash flow | $495M | +290% | -31% |
| Free cash flow | $339M | 12× | -45% |
What changed
Revenue was $4.8B in Q2 2025, up 4% year over year and up 7% from the previous quarter. Fresh was the largest line at 68% of revenue. Fresh added $0.23B year over year (up 8%), 115% of the total change. Other declined 13%.
Gross margin was 15.0%, down 0.1 points from a year earlier. Operating profit was $0.51B, a 10.8% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 36% reached operating profit, above the 10% margin then. Operating expenses fell 19% while revenue rose 4%. Net earnings were $0.36B, up 9% year over year. The effective tax rate was 25.1%.
Operating cash flow was $0.50B (down 31% year over year), 139% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.16B left free cash flow of $0.34B.
Questions
What was Pilgrims Pride's revenue in the second quarter 2025?
Pilgrims Pride (PPC) reported revenue of $4.8B for the second quarter 2025 (Q2 2025), +4% from a year earlier and +7% from the quarter before.
Was Pilgrims Pride profitable in the second quarter 2025?
Operating profit was $512M (10.8% of revenue) and net earnings $356M.
Source: Pilgrims Pride 10-Q on SEC EDGAR.