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Side-by-side financial comparison of Freeport-McMoRan (FCX) and PILGRIMS PRIDE CORP (PPC). Click either name above to swap in a different company.
Freeport-McMoRan is the larger business by last-quarter revenue ($5.3B vs $4.5B, roughly 1.2× PILGRIMS PRIDE CORP). Freeport-McMoRan runs the higher net margin — 10.7% vs 1.9%, a 8.8% gap on every dollar of revenue. On growth, PILGRIMS PRIDE CORP posted the faster year-over-year revenue change (3.3% vs -10.4%). PILGRIMS PRIDE CORP produced more free cash flow last quarter ($10.0M vs $-312.0M). Over the past eight quarters, PILGRIMS PRIDE CORP's revenue compounded faster (1.8% CAGR vs -7.9%).
Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia.
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.
FCX vs PPC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.3B | $4.5B |
| Net Profit | $565.0M | $88.0M |
| Gross Margin | 12.4% | 9.5% |
| Operating Margin | 15.4% | 4.5% |
| Net Margin | 10.7% | 1.9% |
| Revenue YoY | -10.4% | 3.3% |
| Net Profit YoY | -21.6% | -62.7% |
| EPS (diluted) | — | $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 | $5.3B | $4.5B | ||
| Q3 25 | $6.8B | $4.8B | ||
| Q2 25 | $7.5B | $4.8B | ||
| Q1 25 | $5.6B | $4.5B | ||
| Q4 24 | $5.9B | $4.4B | ||
| Q3 24 | $6.7B | $4.6B | ||
| Q2 24 | $6.4B | $4.6B | ||
| Q1 24 | $6.2B | $4.4B |
| Q4 25 | $565.0M | $88.0M | ||
| Q3 25 | $1.2B | $342.8M | ||
| Q2 25 | $1.5B | $355.5M | ||
| Q1 25 | $793.0M | $296.0M | ||
| Q4 24 | $721.0M | $235.9M | ||
| Q3 24 | $1.2B | $349.9M | ||
| Q2 24 | $1.3B | $326.3M | ||
| Q1 24 | $1.2B | $174.4M |
| Q4 25 | 12.4% | 9.5% | ||
| Q3 25 | 29.2% | 13.9% | ||
| Q2 25 | 34.2% | 15.0% | ||
| Q1 25 | 24.3% | 12.4% | ||
| Q4 24 | 27.0% | 12.7% | ||
| Q3 24 | 30.0% | 14.9% | ||
| Q2 24 | 31.5% | 15.2% | ||
| Q1 24 | 28.5% | 8.8% |
| Q4 25 | 15.4% | 4.5% | ||
| Q3 25 | 28.9% | 10.4% | ||
| Q2 25 | 32.3% | 10.8% | ||
| Q1 25 | 23.4% | 9.1% | ||
| Q4 24 | 21.1% | 7.0% | ||
| Q3 24 | 29.0% | 11.1% | ||
| Q2 24 | 32.0% | 9.7% | ||
| Q1 24 | 26.3% | 5.7% |
| Q4 25 | 10.7% | 1.9% | ||
| Q3 25 | 18.3% | 7.2% | ||
| Q2 25 | 20.6% | 7.5% | ||
| Q1 25 | 14.2% | 6.6% | ||
| Q4 24 | 12.3% | 5.4% | ||
| Q3 24 | 18.5% | 7.6% | ||
| Q2 24 | 20.0% | 7.2% | ||
| Q1 24 | 18.7% | 4.0% |
| Q4 25 | — | $0.37 | ||
| Q3 25 | $0.46 | $1.44 | ||
| Q2 25 | $0.53 | $1.49 | ||
| Q1 25 | $0.24 | $1.24 | ||
| Q4 24 | — | $1.00 | ||
| Q3 24 | $0.36 | $1.47 | ||
| Q2 24 | $0.42 | $1.37 | ||
| Q1 24 | $0.32 | $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 | $3.8B | $640.2M |
| Total DebtLower is stronger | $9.4B | $3.1B |
| Stockholders' EquityBook value | $18.9B | $3.7B |
| Total Assets | $58.2B | $10.3B |
| Debt / EquityLower = less leverage | 0.50× | 0.84× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8B | $640.2M | ||
| Q3 25 | $4.3B | $612.6M | ||
| Q2 25 | $4.5B | $849.0M | ||
| Q1 25 | $4.4B | $2.1B | ||
| Q4 24 | $3.9B | $2.0B | ||
| Q3 24 | $5.0B | $1.9B | ||
| Q2 24 | $5.3B | $1.3B | ||
| Q1 24 | $5.2B | $870.8M |
| Q4 25 | $9.4B | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | $9.4B | $3.2B | ||
| Q4 24 | $8.9B | $3.2B | ||
| Q3 24 | $9.7B | $3.2B | ||
| Q2 24 | $9.4B | $3.2B | ||
| Q1 24 | $9.4B | $3.3B |
| Q4 25 | $18.9B | $3.7B | ||
| Q3 25 | $18.7B | $3.5B | ||
| Q2 25 | $18.2B | $3.7B | ||
| Q1 25 | $17.7B | $3.1B | ||
| Q4 24 | $17.6B | $4.2B | ||
| Q3 24 | $17.5B | $4.2B | ||
| Q2 24 | $17.4B | $3.7B | ||
| Q1 24 | $17.0B | $3.5B |
| Q4 25 | $58.2B | $10.3B | ||
| Q3 25 | $56.8B | $10.0B | ||
| Q2 25 | $56.5B | $10.1B | ||
| Q1 25 | $56.0B | $11.0B | ||
| Q4 24 | $54.8B | $10.7B | ||
| Q3 24 | $55.4B | $10.7B | ||
| Q2 24 | $54.6B | $10.1B | ||
| Q1 24 | $54.2B | $9.8B |
| Q4 25 | 0.50× | 0.84× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | 0.53× | 1.02× | ||
| Q4 24 | 0.51× | 0.76× | ||
| Q3 24 | 0.55× | 0.76× | ||
| Q2 24 | 0.54× | 0.85× | ||
| Q1 24 | 0.56× | 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 | $693.0M | $291.2M |
| Free Cash FlowOCF − Capex | $-312.0M | $10.0M |
| FCF MarginFCF / Revenue | -5.9% | 0.2% |
| Capex IntensityCapex / Revenue | 19.1% | 6.2% |
| Cash ConversionOCF / Net Profit | 1.23× | 3.31× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $653.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $693.0M | $291.2M | ||
| Q3 25 | $1.7B | $458.3M | ||
| Q2 25 | $2.2B | $495.2M | ||
| Q1 25 | $1.1B | $126.9M | ||
| Q4 24 | $1.4B | $349.3M | ||
| Q3 24 | $1.9B | $651.1M | ||
| Q2 24 | $2.0B | $718.6M | ||
| Q1 24 | $1.9B | $271.0M |
| Q4 25 | $-312.0M | $10.0M | ||
| Q3 25 | $608.0M | $275.9M | ||
| Q2 25 | $934.0M | $339.1M | ||
| Q1 25 | $-114.0M | $28.1M | ||
| Q4 24 | $197.0M | $176.6M | ||
| Q3 24 | $673.0M | $565.3M | ||
| Q2 24 | $840.0M | $617.7M | ||
| Q1 24 | $642.0M | $171.9M |
| Q4 25 | -5.9% | 0.2% | ||
| Q3 25 | 8.9% | 5.8% | ||
| Q2 25 | 12.4% | 7.1% | ||
| Q1 25 | -2.0% | 0.6% | ||
| Q4 24 | 3.4% | 4.0% | ||
| Q3 24 | 10.1% | 12.3% | ||
| Q2 24 | 13.1% | 13.5% | ||
| Q1 24 | 10.3% | 3.9% |
| Q4 25 | 19.1% | 6.2% | ||
| Q3 25 | 15.5% | 3.8% | ||
| Q2 25 | 16.8% | 3.3% | ||
| Q1 25 | 21.0% | 2.2% | ||
| Q4 24 | 21.1% | 4.0% | ||
| Q3 24 | 17.9% | 1.9% | ||
| Q2 24 | 17.4% | 2.2% | ||
| Q1 24 | 20.2% | 2.3% |
| Q4 25 | 1.23× | 3.31× | ||
| Q3 25 | 1.33× | 1.34× | ||
| Q2 25 | 1.42× | 1.39× | ||
| Q1 25 | 1.33× | 0.43× | ||
| Q4 24 | 1.99× | 1.48× | ||
| Q3 24 | 1.51× | 1.86× | ||
| Q2 24 | 1.53× | 2.20× | ||
| Q1 24 | 1.63× | 1.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCX
| Morenci | $2.5B | 47% |
| Grasberg Segment | $964.0M | 18% |
| Copper In Concentrates | $934.0M | 18% |
| Molybdenum | $541.0M | 10% |
| Gold | $388.0M | 7% |
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% |
