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How Pilgrims Pride (PPC) makes money

Pilgrims Pride (PPC) made $4.7B of revenue in the third quarter 2026 (Q3 2026), -2% from a year earlier. Fresh brought in $3.0B (64%); Prepared brought in $1.2B (26%); Export brought in $270M (6%). Of every dollar of revenue, 7¢ was left as gross profit, 4¢ was left as operating profit, 2¢ was left as net earnings.

Drawing the Sankey…

Pilgrims Pride revenue by segment, Q3 2026Pilgrims Pride revenue by segment, Q3 2026Fresh$3.0BPrepared$1.2BExport$270MOther$189M
Pilgrims Pride: revenue by line, Q1 2025 to Q3 2026Pilgrims Pride: revenue by line, Q1 2025 to Q3 2026FreshPreparedExportOtherFresh: $3.0B latest$3.0BPrepared: $1.2B latest$1.2BExport: $270M latestOther: $189M latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
The mix barely moved between Q1 2025 and Q3 2026.
Pilgrims Pride revenue by quarterPilgrims Pride revenue by quarter$4.5BQ1 2025$4.8BQ2 2025$4.8BQ3 2025$4.5BQ4 2025$4.5BQ1 2026$4.6BQ2 2026$4.7BQ3 2026
Pilgrims Pride: where each dollar of revenue goesPilgrims Pride: where each dollar of revenue goesCost of revenue93¢Gross profit7¢Operating expenses3¢Operating profit4¢Income tax1¢Net earnings2¢Operating cash flow5¢Free cash flow0¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Fresh$3.0B64.4%-1%-5%
Prepared$1.2B25.7%+3%-1%
Export$270M5.8%-0.3%-2%
Other$189M4.1%+21%+71%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$4.7B100.0%
Cost of revenue$4.3B92.8%
Gross profit$334M7.2%
Operating expenses$142M3.1%
Operating profit$192M4.1%
Income tax$44.0M0.9%
Net earnings$116M2.5%
Operating cash flow$212M4.6%
Free cash flow$11.0M0.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$4.7B-2%
Q2 2026$4.6B-3%
Q1 2026$4.5B+2%
Q4 2025$4.5B+3%
Q3 2025$4.8B+4%
Q2 2025$4.8B+4%
Q1 2025$4.5B+2%

From Pilgrims Pride's 10-Q filed Oct 29, 2026 (on EDGAR).

Questions

How does Pilgrims Pride make money?

Pilgrims Pride (PPC) made $4.7B of revenue in the third quarter 2026 (Q3 2026), -2% from a year earlier. Fresh brought in $3.0B (64%); Prepared brought in $1.2B (26%); Export brought in $270M (6%). Of every dollar of revenue, 7¢ was left as gross profit, 4¢ was left as operating profit, 2¢ was left as net earnings.

What is Pilgrims Pride's biggest business?

Fresh: $3.0B in the third quarter 2026, 64% of revenue, -5% from a year earlier.

What is Pilgrims Pride's profit margin?

Net earnings were $116M, 2.5% of revenue, in the third quarter 2026; the operating margin was 4.1%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.