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Side-by-side financial comparison of Air Products (APD) 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 $3.1B, roughly 1.5× Air Products). Air Products runs the higher net margin — 21.9% vs 1.9%, a 19.9% gap on every dollar of revenue. On growth, Air Products posted the faster year-over-year revenue change (5.8% vs 3.3%). PILGRIMS PRIDE CORP produced more free cash flow last quarter ($10.0M vs $-350.5M). Over the past eight quarters, Air Products's revenue compounded faster (2.9% CAGR vs 1.8%).
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasificati...
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.
APD vs PPC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $4.5B |
| Net Profit | $678.2M | $88.0M |
| Gross Margin | 32.1% | 9.5% |
| Operating Margin | 23.7% | 4.5% |
| Net Margin | 21.9% | 1.9% |
| Revenue YoY | 5.8% | 3.3% |
| Net Profit YoY | 9.8% | -62.7% |
| EPS (diluted) | $3.04 | $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.
| Q4 25 | $3.1B | $4.5B | ||
| Q3 25 | $3.2B | $4.8B | ||
| Q2 25 | $3.0B | $4.8B | ||
| Q1 25 | $2.9B | $4.5B | ||
| Q4 24 | $2.9B | $4.4B | ||
| Q3 24 | $3.2B | $4.6B | ||
| Q2 24 | $3.0B | $4.6B | ||
| Q1 24 | $2.9B | $4.4B |
| Q4 25 | $678.2M | $88.0M | ||
| Q3 25 | $4.9M | $342.8M | ||
| Q2 25 | $713.8M | $355.5M | ||
| Q1 25 | $-1.7B | $296.0M | ||
| Q4 24 | $617.4M | $235.9M | ||
| Q3 24 | $1.9B | $349.9M | ||
| Q2 24 | $696.6M | $326.3M | ||
| Q1 24 | $572.4M | $174.4M |
| Q4 25 | 32.1% | 9.5% | ||
| Q3 25 | 32.3% | 13.9% | ||
| Q2 25 | 32.5% | 15.0% | ||
| Q1 25 | 29.6% | 12.4% | ||
| Q4 24 | 31.2% | 12.7% | ||
| Q3 24 | 34.0% | 14.9% | ||
| Q2 24 | 32.8% | 15.2% | ||
| Q1 24 | 32.0% | 8.8% |
| Q4 25 | 23.7% | 4.5% | ||
| Q3 25 | 0.5% | 10.4% | ||
| Q2 25 | 26.2% | 10.8% | ||
| Q1 25 | -79.8% | 9.1% | ||
| Q4 24 | 22.0% | 7.0% | ||
| Q3 24 | 76.1% | 11.1% | ||
| Q2 24 | 24.7% | 9.7% | ||
| Q1 24 | 21.7% | 5.7% |
| Q4 25 | 21.9% | 1.9% | ||
| Q3 25 | 0.2% | 7.2% | ||
| Q2 25 | 23.6% | 7.5% | ||
| Q1 25 | -59.3% | 6.6% | ||
| Q4 24 | 21.1% | 5.4% | ||
| Q3 24 | 61.2% | 7.6% | ||
| Q2 24 | 23.3% | 7.2% | ||
| Q1 24 | 19.5% | 4.0% |
| Q4 25 | $3.04 | $0.37 | ||
| Q3 25 | $0.03 | $1.44 | ||
| Q2 25 | $3.20 | $1.49 | ||
| Q1 25 | $-7.77 | $1.24 | ||
| Q4 24 | $2.77 | $1.00 | ||
| Q3 24 | $8.75 | $1.47 | ||
| Q2 24 | $3.13 | $1.37 | ||
| Q1 24 | $2.57 | $0.73 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $640.2M |
| Total DebtLower is stronger | — | $3.1B |
| Stockholders' EquityBook value | $15.4B | $3.7B |
| Total Assets | $41.2B | $10.3B |
| Debt / EquityLower = less leverage | — | 0.84× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $640.2M | ||
| Q3 25 | $1.9B | $612.6M | ||
| Q2 25 | $2.3B | $849.0M | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $2.0B | $2.0B | ||
| Q3 24 | $3.0B | $1.9B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.6B | $870.8M |
| 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 | ||
| Q1 24 | — | $3.3B |
| Q4 25 | $15.4B | $3.7B | ||
| Q3 25 | $15.0B | $3.5B | ||
| Q2 25 | $15.5B | $3.7B | ||
| Q1 25 | $14.7B | $3.1B | ||
| Q4 24 | $16.7B | $4.2B | ||
| Q3 24 | $17.0B | $4.2B | ||
| Q2 24 | $15.1B | $3.7B | ||
| Q1 24 | $14.9B | $3.5B |
| Q4 25 | $41.2B | $10.3B | ||
| Q3 25 | $41.1B | $10.0B | ||
| Q2 25 | $41.7B | $10.1B | ||
| Q1 25 | $38.9B | $11.0B | ||
| Q4 24 | $40.0B | $10.7B | ||
| Q3 24 | $39.6B | $10.7B | ||
| Q2 24 | $37.0B | $10.1B | ||
| Q1 24 | $35.9B | $9.8B |
| 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× | ||
| Q1 24 | — | 0.96× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $900.7M | $291.2M |
| Free Cash FlowOCF − Capex | $-350.5M | $10.0M |
| FCF MarginFCF / Revenue | -11.3% | 0.2% |
| Capex IntensityCapex / Revenue | 40.3% | 6.2% |
| Cash ConversionOCF / Net Profit | 1.33× | 3.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $653.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $900.7M | $291.2M | ||
| Q3 25 | — | $458.3M | ||
| Q2 25 | $855.8M | $495.2M | ||
| Q1 25 | $328.1M | $126.9M | ||
| Q4 24 | $811.7M | $349.3M | ||
| Q3 24 | — | $651.1M | ||
| Q2 24 | $1.3B | $718.6M | ||
| Q1 24 | $801.7M | $271.0M |
| Q4 25 | $-350.5M | $10.0M | ||
| Q3 25 | — | $275.9M | ||
| Q2 25 | $-640.0M | $339.1M | ||
| Q1 25 | $-1.6B | $28.1M | ||
| Q4 24 | $-1.3B | $176.6M | ||
| Q3 24 | — | $565.3M | ||
| Q2 24 | $-345.2M | $617.7M | ||
| Q1 24 | $-867.7M | $171.9M |
| Q4 25 | -11.3% | 0.2% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | -21.2% | 7.1% | ||
| Q1 25 | -53.6% | 0.6% | ||
| Q4 24 | -44.5% | 4.0% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | -11.6% | 13.5% | ||
| Q1 24 | -29.6% | 3.9% |
| Q4 25 | 40.3% | 6.2% | ||
| Q3 25 | 47.9% | 3.8% | ||
| Q2 25 | 49.5% | 3.3% | ||
| Q1 25 | 64.9% | 2.2% | ||
| Q4 24 | 72.2% | 4.0% | ||
| Q3 24 | 65.1% | 1.9% | ||
| Q2 24 | 53.8% | 2.2% | ||
| Q1 24 | 57.0% | 2.3% |
| Q4 25 | 1.33× | 3.31× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | 1.20× | 1.39× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | 1.31× | 1.48× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | 1.81× | 2.20× | ||
| Q1 24 | 1.40× | 1.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APD
| Other | $1.6B | 53% |
| Onsite | $783.9M | 25% |
| Merchant | $557.8M | 18% |
| Saleof Equipment | $117.0M | 4% |
PPC
| Retail | $1.5B | 33% |
| Europe Reportable Segment | $1.4B | 31% |
| Food Service | $889.2M | 20% |
| Prepared Product | $332.8M | 7% |
| Product Export | $122.7M | 3% |
| Other Sales Channel | $96.0M | 2% |
| Other Product And Service | $79.7M | 2% |
| Related Party | $21.7M | 0% |
| Seara Meats B.V. | $18.9M | 0% |
| Penasul UKLTD | $10.3M | 0% |
| JBSUSA Food Company | $5.4M | 0% |
