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Side-by-side financial comparison of JBS N.V. (JBS) and AT&T (T). Click either name above to swap in a different company.

AT&T is the larger business by last-quarter revenue ($31.5B vs $22.6B, roughly 1.4× JBS N.V.). AT&T runs the higher net margin — 13.3% vs 2.9%, a 10.4% gap on every dollar of revenue. On growth, JBS N.V. posted the faster year-over-year revenue change (13.4% vs 2.9%). AT&T produced more free cash flow last quarter ($2.5B vs $-264.6M).

JBS N.V. is a Brazilian multinational company that is the largest meat processing enterprise in the world, producing factory processed beef, chicken, salmon, sheep, pork, and also selling by-products from the processing of these meats. It is headquartered in São Paulo. It was founded in 1953 in Anápolis, Goiás.

AT&T Inc., an abbreviation of its predecessor's original name, the American Telephone and Telegraph Company, is an American multinational telecommunications conglomerate headquartered at the Whitacre Tower in Downtown Dallas, Texas. AT&T is the world’s third-largest telecommunications company by revenue, the third largest wireless carrier in the United States behind T-Mobile and Verizon, and the nation's biggest fiber internet provider.

JBS vs T — Head-to-Head

Bigger by revenue
T
T
1.4× larger
T
$31.5B
$22.6B
JBS
Growing faster (revenue YoY)
JBS
JBS
+10.5% gap
JBS
13.4%
2.9%
T
Higher net margin
T
T
10.4% more per $
T
13.3%
2.9%
JBS
More free cash flow
T
T
$2.8B more FCF
T
$2.5B
$-264.6M
JBS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
JBS
JBS
T
T
Revenue
$22.6B
$31.5B
Net Profit
$644.1M
$4.2B
Gross Margin
13.2%
Operating Margin
5.4%
21.1%
Net Margin
2.9%
13.3%
Revenue YoY
13.4%
2.9%
Net Profit YoY
-14.9%
-10.9%
EPS (diluted)
$0.52
$0.54

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
JBS
JBS
T
T
Q1 26
$31.5B
Q4 25
$33.5B
Q3 25
$22.6B
$30.7B
Q2 25
$30.8B
Q1 25
$30.6B
Q4 24
$32.3B
Q3 24
$19.9B
$30.2B
Q2 24
$29.8B
Net Profit
JBS
JBS
T
T
Q1 26
$4.2B
Q4 25
$3.8B
Q3 25
$644.1M
$9.3B
Q2 25
$4.5B
Q1 25
$4.4B
Q4 24
$4.1B
Q3 24
$756.6M
$-174.0M
Q2 24
$3.6B
Gross Margin
JBS
JBS
T
T
Q1 26
Q4 25
Q3 25
13.2%
Q2 25
Q1 25
Q4 24
Q3 24
16.5%
Q2 24
Operating Margin
JBS
JBS
T
T
Q1 26
21.1%
Q4 25
17.3%
Q3 25
5.4%
19.9%
Q2 25
21.1%
Q1 25
18.8%
Q4 24
16.5%
Q3 24
7.8%
7.0%
Q2 24
19.3%
Net Margin
JBS
JBS
T
T
Q1 26
13.3%
Q4 25
11.3%
Q3 25
2.9%
30.3%
Q2 25
14.6%
Q1 25
14.2%
Q4 24
12.6%
Q3 24
3.8%
-0.6%
Q2 24
12.1%
EPS (diluted)
JBS
JBS
T
T
Q1 26
$0.54
Q4 25
$0.52
Q3 25
$0.52
$1.29
Q2 25
$0.62
Q1 25
$0.61
Q4 24
$0.56
Q3 24
$0.62
$-0.03
Q2 24
$0.49

Balance Sheet & Financial Strength

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

Metric
JBS
JBS
T
T
Cash + ST InvestmentsLiquidity on hand
$485.5B
$12.0B
Total DebtLower is stronger
$213.0M
$131.6B
Stockholders' EquityBook value
$9.5B
$125.6B
Total Assets
$44.2B
$421.2B
Debt / EquityLower = less leverage
0.02×
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBS
JBS
T
T
Q1 26
$12.0B
Q4 25
$18.2B
Q3 25
$485.5B
$20.3B
Q2 25
$10.5B
Q1 25
$6.9B
Q4 24
$3.3B
Q3 24
$5.1B
$2.6B
Q2 24
$3.1B
Total Debt
JBS
JBS
T
T
Q1 26
$131.6B
Q4 25
$127.1B
Q3 25
$213.0M
$128.1B
Q2 25
$123.1B
Q1 25
$117.3B
Q4 24
$118.4B
Q3 24
$126.4B
Q2 24
$125.4B
Stockholders' Equity
JBS
JBS
T
T
Q1 26
$125.6B
Q4 25
$126.5B
Q3 25
$9.5B
$126.8B
Q2 25
$121.4B
Q1 25
$119.9B
Q4 24
$118.2B
Q3 24
$9.5B
$116.3B
Q2 24
$119.3B
Total Assets
JBS
JBS
T
T
Q1 26
$421.2B
Q4 25
$420.2B
Q3 25
$44.2B
$423.2B
Q2 25
$405.5B
Q1 25
$397.5B
Q4 24
$394.8B
Q3 24
$393.7B
Q2 24
$398.0B
Debt / Equity
JBS
JBS
T
T
Q1 26
1.05×
Q4 25
1.00×
Q3 25
0.02×
1.01×
Q2 25
1.01×
Q1 25
0.98×
Q4 24
1.00×
Q3 24
1.09×
Q2 24
1.05×

Cash Flow & Capital Efficiency

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

Metric
JBS
JBS
T
T
Operating Cash FlowLast quarter
$996.4M
$7.6B
Free Cash FlowOCF − Capex
$-264.6M
$2.5B
FCF MarginFCF / Revenue
-1.2%
8.0%
Capex IntensityCapex / Revenue
5.6%
15.5%
Cash ConversionOCF / Net Profit
1.55×
1.82×
TTM Free Cash FlowTrailing 4 quarters
$17.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBS
JBS
T
T
Q1 26
$7.6B
Q4 25
$11.3B
Q3 25
$996.4M
$10.2B
Q2 25
$9.8B
Q1 25
$9.0B
Q4 24
$11.9B
Q3 24
$10.2B
Q2 24
$9.1B
Free Cash Flow
JBS
JBS
T
T
Q1 26
$2.5B
Q4 25
$4.5B
Q3 25
$-264.6M
$5.3B
Q2 25
$4.9B
Q1 25
$4.8B
Q4 24
$5.1B
Q3 24
$4.9B
Q2 24
$4.7B
FCF Margin
JBS
JBS
T
T
Q1 26
8.0%
Q4 25
13.6%
Q3 25
-1.2%
17.1%
Q2 25
15.8%
Q1 25
15.6%
Q4 24
15.6%
Q3 24
16.3%
Q2 24
15.9%
Capex Intensity
JBS
JBS
T
T
Q1 26
15.5%
Q4 25
20.3%
Q3 25
5.6%
15.9%
Q2 25
15.9%
Q1 25
14.0%
Q4 24
21.2%
Q3 24
17.5%
Q2 24
14.6%
Cash Conversion
JBS
JBS
T
T
Q1 26
1.82×
Q4 25
2.99×
Q3 25
1.55×
1.09×
Q2 25
2.17×
Q1 25
2.08×
Q4 24
2.92×
Q3 24
Q2 24
2.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JBS
JBS

Segment breakdown not available.

T
T

Service$25.5B81%
Equipment$6.0B19%

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