Filing Flows › Pilgrims Pride (PPC) › Q3 2025
Pilgrims Pride (PPC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Pilgrims Pride (PPC) reported revenue of $4.8B for the third quarter 2025 (Q3 2025), +4% from a year earlier and 0% from the quarter before. Operating margin was 10.4%, net earnings $343M (7.2% of revenue).
Pilgrims Pride, Q3 2025: revenue $4.8B (+4% year over year), operating margin 10.4%, net earnings $343M, operating cash flow $458M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.8B | 0% | +4% |
| Gross profit | $659M | -8% | -4% |
| Operating profit | $493M | -4% | -3% |
| Net earnings | $343M | -4% | -2% |
| Operating cash flow | $458M | -7% | -30% |
| Free cash flow | $276M | -19% | -51% |
What changed
Revenue was $4.8B in Q3 2025, up 4% year over year and roughly flat from the previous quarter. Fresh was the largest line at 67% of revenue. Fresh added $0.14B year over year (up 5%), 81% of the total change. Other declined 14%.
Gross margin was 13.9%, down 1.1 points from a year earlier. Operating profit was $0.49B, a 10.4% margin (down 0.7 points year over year). Operating profit fell $0.02B even though revenue rose $0.17B versus a year earlier, so costs grew faster than sales. Operating expenses fell 5% while revenue rose 4%. The fastest-growing cost line was SG&A (+14%). Net earnings were $0.34B, down 2% year over year. The effective tax rate was 25.6%.
Operating cash flow was $0.46B (down 30% year over year), 134% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.18B left free cash flow of $0.28B.
Questions
What was Pilgrims Pride's revenue in the third quarter 2025?
Pilgrims Pride (PPC) reported revenue of $4.8B for the third quarter 2025 (Q3 2025), +4% from a year earlier and 0% from the quarter before.
Was Pilgrims Pride profitable in the third quarter 2025?
Operating profit was $493M (10.4% of revenue) and net earnings $343M.
Source: Pilgrims Pride 10-Q on SEC EDGAR.