Filing Flows › Pilgrims Pride (PPC) › Q3 2026 › vs Q3 2025
Pilgrims Pride (PPC) Q3 2026 vs Q3 2025 (year over year)
Pilgrims Pride's revenue fell $106M (-2%) from $4.8B in Q3 2025 to $4.7B in Q3 2026. The biggest changes: Fresh −$168M (-5%); Other +$78.5M (+71%); Prepared −$12.0M (-1%). Gross margin 7.2% against 13.9% (-6.7 pts).
Pilgrims Pride, Q3 2026: revenue $4.7B (-2% year over year), operating margin 4.1%, net earnings $116M, operating cash flow $212M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 7.2% | 13.9% | -6.7 pts |
| Operating margin | 4.1% | 10.4% | -6.2 pts |
| Net margin | 2.5% | 7.2% | -4.7 pts |
| Free cash flow margin | 0.2% | 5.8% | -5.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Fresh | $3.0B | $3.2B | −$168M | -5% |
| Prepared | $1.2B | $1.2B | −$12.0M | -1% |
| Export | $270M | $274M | −$4.7M | -2% |
| Other | $189M | $110M | $78.5M | +71% |
| Revenue | $4.7B | $4.8B | −$106M | -2% |
| Gross profit | $334M | $659M | −$326M | -49% |
| Cost of revenue | $4.3B | $4.1B | $220M | +5% |
| Operating profit | $192M | $493M | −$301M | -61% |
| Operating expenses | $142M | $167M | −$24.6M | -15% |
| Pre-tax earnings | $160M | $461M | −$301M | -65% |
| Other expense, net | $31.2M | $31.2M | −$19K | -0.1% |
| Net earnings | $116M | $343M | −$227M | -66% |
| Income tax | $44.0M | $118M | −$74.3M | -63% |
| Depreciation & amortization | $123M | $116M | $6.8M | +6% |
| Share-based compensation | $5.8M | $5.4M | $382K | +7% |
| Working capital & other | $33.0M | $6.5M | $26.4M | +404% |
| Operating cash flow | $212M | $458M | −$246M | -54% |
| Free cash flow (OCF − capex) | $11.0M | $276M | −$265M | -96% |
| Capital expenditures | $201M | $182M | $18.9M | +10% |
Questions
How much did Pilgrims Pride's revenue grow year over year in Q3 2026?
Pilgrims Pride's revenue fell $106M (-2%) from $4.8B in Q3 2025 to $4.7B in Q3 2026.
What drove Pilgrims Pride's revenue change in Q3 2026?
Fresh −$168M (-5%); Other +$78.5M (+71%); Prepared −$12.0M (-1%).