PPC (Pilgrims Pride) Operating Income: $948 Mil (TTM As of Jun. 2026)

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PPC Pilgrims Pride Corp PPC
76 GF Score
Price $31.97
GF Value $39.80
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Pilgrims Pride Operating Income?

Pilgrims Pride PPC -0.92% 76 Operating Income is $948 Mil as of Jun. 2026. GuruFocus rates PPC with a GF Score™ of 76/100 and a GF Value™ of $39.80 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Pilgrims Pride's Operating Income for the three months ended in Jun. 2026 was $75 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was $948 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Pilgrims Pride's Operating Income for the three months ended in Jun. 2026 was $75 Mil. Pilgrims Pride's Revenue for the three months ended in Jun. 2026 was $4,626 Mil. Therefore, Pilgrims Pride's Operating Margin % for the quarter that ended in Jun. 2026 was 1.61%.

Good Sign:

Pilgrims Pride Corp operating margin is expanding. Margin expansion is usually a good sign.

Pilgrims Pride's 5-Year average Growth Rate for Operating Margin % was 41.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Pilgrims Pride's annualized ROC % for the quarter that ended in Jun. 2026 was 2.41%. Pilgrims Pride's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 6.31%.


Pilgrims Pride  (NAS:PPC) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Pilgrims Pride's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=298.596 * ( 1 - 39.34% )/( (7575.967 + 7428.603)/ 2 )
=181.1283336/7502.285
=2.41 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10202.688 - 2084.306 - ( 542.415 - max(0, 2720.903 - 4027.242+542.415))
=7575.967

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=10029.924 - 2212.478 - ( 388.843 - max(0, 2744.955 - 3720.23+388.843))
=7428.603

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Pilgrims Pride's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=286.608/( ( (3893.052 + max(682.003, 0)) + (4014.171 + max(500.658, 0)) )/ 2 )
=286.608/( ( 4575.055 + 4514.829 )/ 2 )
=286.608/4544.942
=6.31 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1041.896 + 2029.589 + 271.43) - (2084.306 + 32.646 + 543.96)
=682.003

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(858.321 + 2025.304 + 300.206) - (2212.478 + 31.407 + 439.288)
=500.658

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Pilgrims Pride's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=74.649/4626.23
=1.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Pilgrims Pride Operating Income Related Terms


Pilgrims Pride Operating Income Historical Data

* Premium members only.

The historical data trend for Pilgrims Pride's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pilgrims Pride Operating Income Chart

Pilgrims Pride Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 216.97 1,207.06 566.63 1,599.46 1,644.89

Pilgrims Pride Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 515.84 494.39 213.57 165.32 74.65
PPC
76GF Score
Pilgrims Pride Corp PPC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Pilgrims Pride Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $948 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $948 Mil mean?
Pilgrims Pride (PPC) has a Operating Income of $948 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pilgrims Pride and its competitors.
Is Pilgrims Pride's Operating Income too high?
Pilgrims Pride's current Operating Income is $948 Mil. Overall, Pilgrims Pride has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pilgrims Pride's Operating Income compare to LW and CAG?
Pilgrims Pride's Operating Income of $948 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Pilgrims Pride and its competitors. Pilgrims Pride's current Operating Income is $948 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pilgrims Pride stock overvalued right now?
Based on GuruFocus' analysis, Pilgrims Pride (PPC) is currently considered Modestly Undervalued. The stock's GF Value™ is $39.80, compared to a current price of $31.97 — trading 19.7% below its estimated fair value. The current Operating Income is $948 Mil. Pilgrims Pride's overall GF Score™ is 76/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Pilgrims Pride (PPC), the current Operating Income is $948 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Pilgrims Pride (PPC) Overvalued in 2026?

Based on GuruFocus' analysis, Pilgrims Pride stock appears to be undervalued. The current stock price of $31.97 is trading 19.7% below its estimated GF Value™ of $39.80. GuruFocus considers Pilgrims Pride to be Modestly Undervalued.

Key valuation signals for PPC:

  • Operating Income: $948 Mil
  • GF Value™: $39.80 vs. price of $31.97 (19.7% below fair value)
  • GF Score™: 76/100 with 2 warning signs

No single metric tells the full story. See the PPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pilgrims Pride Business Description

Other Exchanges 1PPC:Italy6PP:Germany
Address 1770 Promontory Circle, Greeley, CO, USA, 80634-9038
Pilgrim's Pride is the second-largest poultry producer in the US (59% of 2024 sales), the UK (29% including other European sales), and Mexico (12%). Its UK and European arm also includes pork operations from the 2019 acquisition of Tulip. Pilgrim's sells to chain restaurants, food processors, food distributors, and retail chains. Most of its US and Mexican sales come from fresh chicken, while prepared chicken and pork constitute most of its UK and European sales. JBS owns more than 80% of Pilgrim's Pride's outstanding shares, though it failed to acquire the remaining stake in 2021 after a special board committee deemed JBS's offer undervalued Pilgrim's Pride.
76GF Score

Get the complete analysis for PPC

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$31.97
Price
$39.80
GF Value