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Side-by-side financial comparison of Aflac (AFL) and PILGRIMS PRIDE CORP (PPC). Click either name above to swap in a different company.

PILGRIMS PRIDE CORP is the larger business by last-quarter revenue ($4.5B vs $4.3B, roughly 1.0× Aflac). Aflac runs the higher net margin — 23.4% vs 1.9%, a 21.5% gap on every dollar of revenue. On growth, Aflac posted the faster year-over-year revenue change (27.9% vs 3.3%). Over the past eight quarters, PILGRIMS PRIDE CORP's revenue compounded faster (1.8% CAGR vs -8.0%).

Aflac Incorporated is an American insurance company and is the largest provider of supplemental insurance in the United States. It was founded in 1955 and is based in Columbus, Georgia. In the U.S., it underwrites a wide range of insurance policies, but is perhaps more known for its payroll deduction insurance coverage, which pays cash benefits when a policyholder has a covered accident or illness. The company states it "provides financial protection to more than 50 million people worldwide".

Pilgrim's Pride Corporation is an American, multi-national food company, currently one of the largest chicken producers in the United States and Puerto Rico and the second-largest chicken producer in Mexico. It exited bankruptcy in December 2009 and relocated its U.S. headquarters to Greeley, Colorado, in 2011. It is majority-owned by JBS S.A. Pilgrim's Pride purchased Gold'n Plump for $350 million in late November 2016.

AFL vs PPC — Head-to-Head

Bigger by revenue
PPC
PPC
1.0× larger
PPC
$4.5B
$4.3B
AFL
Growing faster (revenue YoY)
AFL
AFL
+24.6% gap
AFL
27.9%
3.3%
PPC
Higher net margin
AFL
AFL
21.5% more per $
AFL
23.4%
1.9%
PPC
Faster 2-yr revenue CAGR
PPC
PPC
Annualised
PPC
1.8%
-8.0%
AFL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AFL
AFL
PPC
PPC
Revenue
$4.3B
$4.5B
Net Profit
$1.0B
$88.0M
Gross Margin
9.5%
Operating Margin
4.5%
Net Margin
23.4%
1.9%
Revenue YoY
27.9%
3.3%
Net Profit YoY
-62.7%
EPS (diluted)
$1.98
$0.37

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AFL
AFL
PPC
PPC
Q1 26
$4.3B
Q4 25
$4.9B
$4.5B
Q3 25
$4.7B
$4.8B
Q2 25
$4.2B
$4.8B
Q1 25
$3.4B
$4.5B
Q4 24
$5.4B
$4.4B
Q3 24
$2.9B
$4.6B
Q2 24
$5.1B
$4.6B
Net Profit
AFL
AFL
PPC
PPC
Q1 26
$1.0B
Q4 25
$1.4B
$88.0M
Q3 25
$1.6B
$342.8M
Q2 25
$599.0M
$355.5M
Q1 25
$29.0M
$296.0M
Q4 24
$1.9B
$235.9M
Q3 24
$-93.0M
$349.9M
Q2 24
$1.8B
$326.3M
Gross Margin
AFL
AFL
PPC
PPC
Q1 26
Q4 25
9.5%
Q3 25
13.9%
Q2 25
15.0%
Q1 25
12.4%
Q4 24
12.7%
Q3 24
14.9%
Q2 24
15.2%
Operating Margin
AFL
AFL
PPC
PPC
Q1 26
Q4 25
32.3%
4.5%
Q3 25
42.1%
10.4%
Q2 25
19.8%
10.8%
Q1 25
4.3%
9.1%
Q4 24
39.5%
7.0%
Q3 24
3.1%
11.1%
Q2 24
39.3%
9.7%
Net Margin
AFL
AFL
PPC
PPC
Q1 26
23.4%
Q4 25
28.3%
1.9%
Q3 25
34.6%
7.2%
Q2 25
14.4%
7.5%
Q1 25
0.9%
6.6%
Q4 24
35.2%
5.4%
Q3 24
-3.2%
7.6%
Q2 24
34.2%
7.2%
EPS (diluted)
AFL
AFL
PPC
PPC
Q1 26
$1.98
Q4 25
$2.58
$0.37
Q3 25
$3.08
$1.44
Q2 25
$1.11
$1.49
Q1 25
$0.05
$1.24
Q4 24
$3.45
$1.00
Q3 24
$-0.17
$1.47
Q2 24
$3.10
$1.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AFL
AFL
PPC
PPC
Cash + ST InvestmentsLiquidity on hand
$5.1B
$640.2M
Total DebtLower is stronger
$3.1B
Stockholders' EquityBook value
$30.0B
$3.7B
Total Assets
$116.3B
$10.3B
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFL
AFL
PPC
PPC
Q1 26
$5.1B
Q4 25
$6.2B
$640.2M
Q3 25
$6.8B
$612.6M
Q2 25
$7.0B
$849.0M
Q1 25
$5.2B
$2.1B
Q4 24
$6.2B
$2.0B
Q3 24
$5.6B
$1.9B
Q2 24
$6.1B
$1.3B
Total Debt
AFL
AFL
PPC
PPC
Q1 26
Q4 25
$3.1B
Q3 25
$3.1B
Q2 25
$3.1B
Q1 25
$3.2B
Q4 24
$3.2B
Q3 24
$3.2B
Q2 24
$3.2B
Stockholders' Equity
AFL
AFL
PPC
PPC
Q1 26
$30.0B
Q4 25
$29.5B
$3.7B
Q3 25
$28.7B
$3.5B
Q2 25
$27.2B
$3.7B
Q1 25
$26.3B
$3.1B
Q4 24
$26.1B
$4.2B
Q3 24
$24.8B
$4.2B
Q2 24
$26.0B
$3.7B
Total Assets
AFL
AFL
PPC
PPC
Q1 26
$116.3B
Q4 25
$116.5B
$10.3B
Q3 25
$122.3B
$10.0B
Q2 25
$124.7B
$10.1B
Q1 25
$120.3B
$11.0B
Q4 24
$117.6B
$10.7B
Q3 24
$128.4B
$10.7B
Q2 24
$120.2B
$10.1B
Debt / Equity
AFL
AFL
PPC
PPC
Q1 26
Q4 25
0.84×
Q3 25
0.87×
Q2 25
0.83×
Q1 25
1.02×
Q4 24
0.76×
Q3 24
0.76×
Q2 24
0.85×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AFL
AFL
PPC
PPC
Operating Cash FlowLast quarter
$291.2M
Free Cash FlowOCF − Capex
$10.0M
FCF MarginFCF / Revenue
0.2%
Capex IntensityCapex / Revenue
6.2%
Cash ConversionOCF / Net Profit
3.31×
TTM Free Cash FlowTrailing 4 quarters
$653.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFL
AFL
PPC
PPC
Q1 26
Q4 25
$315.0M
$291.2M
Q3 25
$1.3B
$458.3M
Q2 25
$399.0M
$495.2M
Q1 25
$589.0M
$126.9M
Q4 24
$333.0M
$349.3M
Q3 24
$1.3B
$651.1M
Q2 24
$255.0M
$718.6M
Free Cash Flow
AFL
AFL
PPC
PPC
Q1 26
Q4 25
$10.0M
Q3 25
$275.9M
Q2 25
$339.1M
Q1 25
$28.1M
Q4 24
$176.6M
Q3 24
$565.3M
Q2 24
$617.7M
FCF Margin
AFL
AFL
PPC
PPC
Q1 26
Q4 25
0.2%
Q3 25
5.8%
Q2 25
7.1%
Q1 25
0.6%
Q4 24
4.0%
Q3 24
12.3%
Q2 24
13.5%
Capex Intensity
AFL
AFL
PPC
PPC
Q1 26
Q4 25
6.2%
Q3 25
3.8%
Q2 25
3.3%
Q1 25
2.2%
Q4 24
4.0%
Q3 24
1.9%
Q2 24
2.2%
Cash Conversion
AFL
AFL
PPC
PPC
Q1 26
Q4 25
0.23×
3.31×
Q3 25
0.76×
1.34×
Q2 25
0.67×
1.39×
Q1 25
20.31×
0.43×
Q4 24
0.18×
1.48×
Q3 24
1.86×
Q2 24
0.15×
2.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AFL
AFL

Segment breakdown not available.

PPC
PPC

Retail$1.5B33%
Europe Reportable Segment$1.4B31%
Food Service$889.2M20%
Prepared Product$332.8M7%
Product Export$122.7M3%
Other Sales Channel$96.0M2%
Other Product And Service$79.7M2%
Related Party$21.7M0%
Seara Meats B.V.$18.9M0%
Penasul UKLTD$10.3M0%
JBSUSA Food Company$5.4M0%

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