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Side-by-side financial comparison of Leidos (LDOS) 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 $4.2B, roughly 1.1× Leidos). Leidos runs the higher net margin — 7.8% vs 1.9%, a 5.8% gap on every dollar of revenue. On growth, PILGRIMS PRIDE CORP posted the faster year-over-year revenue change (3.3% vs -3.5%). Leidos produced more free cash flow last quarter ($452.0M vs $10.0M). Over the past eight quarters, Leidos's revenue compounded faster (3.1% CAGR vs 1.8%).
Leidos Holdings, Inc. is an American defense, aviation, information technology, and biomedical research company headquartered in Reston, Virginia, that provides scientific, engineering, systems integration, and technical services. Founded as Science Applications International Corporation (SAIC), Leidos merged with Lockheed Martin's IT sector, Information Systems & Global Solutions, in August 2016 to create the defense industry’s largest IT services provider.
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.
LDOS vs PPC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.2B | $4.5B |
| Net Profit | $327.0M | $88.0M |
| Gross Margin | 17.4% | 9.5% |
| Operating Margin | 11.3% | 4.5% |
| Net Margin | 7.8% | 1.9% |
| Revenue YoY | -3.5% | 3.3% |
| Net Profit YoY | 15.1% | -62.7% |
| EPS (diluted) | $2.54 | $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.
| Q1 26 | $4.2B | — | ||
| Q4 25 | $4.4B | $4.5B | ||
| Q3 25 | $4.2B | $4.8B | ||
| Q2 25 | $4.2B | $4.8B | ||
| Q1 25 | $4.3B | $4.5B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | $4.2B | $4.6B | ||
| Q2 24 | $4.1B | $4.6B |
| Q1 26 | $327.0M | — | ||
| Q4 25 | $367.0M | $88.0M | ||
| Q3 25 | $391.0M | $342.8M | ||
| Q2 25 | $363.0M | $355.5M | ||
| Q1 25 | $284.0M | $296.0M | ||
| Q4 24 | — | $235.9M | ||
| Q3 24 | $364.0M | $349.9M | ||
| Q2 24 | $322.0M | $326.3M |
| Q1 26 | 17.4% | — | ||
| Q4 25 | 18.0% | 9.5% | ||
| Q3 25 | 18.0% | 13.9% | ||
| Q2 25 | 17.5% | 15.0% | ||
| Q1 25 | 15.6% | 12.4% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | 17.8% | 14.9% | ||
| Q2 24 | 16.6% | 15.2% |
| Q1 26 | 11.3% | — | ||
| Q4 25 | 12.0% | 4.5% | ||
| Q3 25 | 13.5% | 10.4% | ||
| Q2 25 | 12.5% | 10.8% | ||
| Q1 25 | 9.7% | 9.1% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | 12.4% | 11.1% | ||
| Q2 24 | 11.6% | 9.7% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 8.2% | 1.9% | ||
| Q3 25 | 9.2% | 7.2% | ||
| Q2 25 | 8.6% | 7.5% | ||
| Q1 25 | 6.5% | 6.6% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | 8.7% | 7.6% | ||
| Q2 24 | 7.8% | 7.2% |
| Q1 26 | $2.54 | — | ||
| Q4 25 | $2.82 | $0.37 | ||
| Q3 25 | $3.01 | $1.44 | ||
| Q2 25 | $2.77 | $1.49 | ||
| Q1 25 | $2.10 | $1.24 | ||
| Q4 24 | — | $1.00 | ||
| Q3 24 | $2.68 | $1.47 | ||
| Q2 24 | $2.37 | $1.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $640.2M |
| Total DebtLower is stronger | $4.6B | $3.1B |
| Stockholders' EquityBook value | $4.9B | $3.7B |
| Total Assets | $13.5B | $10.3B |
| Debt / EquityLower = less leverage | 0.94× | 0.84× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $974.0M | $640.2M | ||
| Q3 25 | $930.0M | $612.6M | ||
| Q2 25 | $842.0M | $849.0M | ||
| Q1 25 | $943.0M | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $823.0M | $1.3B |
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.6B | $3.1B | ||
| Q3 25 | $5.0B | $3.1B | ||
| Q2 25 | $5.0B | $3.1B | ||
| Q1 25 | $4.1B | $3.2B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | $4.1B | $3.2B | ||
| Q2 24 | $4.1B | $3.2B |
| Q1 26 | $4.9B | — | ||
| Q4 25 | $4.9B | $3.7B | ||
| Q3 25 | $4.7B | $3.5B | ||
| Q2 25 | $4.3B | $3.7B | ||
| Q1 25 | $4.4B | $3.1B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | $4.6B | $4.2B | ||
| Q2 24 | $4.5B | $3.7B |
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.5B | $10.3B | ||
| Q3 25 | $13.5B | $10.0B | ||
| Q2 25 | $13.2B | $10.1B | ||
| Q1 25 | $13.1B | $11.0B | ||
| Q4 24 | — | $10.7B | ||
| Q3 24 | $13.3B | $10.7B | ||
| Q2 24 | $12.9B | $10.1B |
| Q1 26 | 0.94× | — | ||
| Q4 25 | 0.94× | 0.84× | ||
| Q3 25 | 1.07× | 0.87× | ||
| Q2 25 | 1.18× | 0.83× | ||
| Q1 25 | 0.92× | 1.02× | ||
| Q4 24 | — | 0.76× | ||
| Q3 24 | 0.88× | 0.76× | ||
| Q2 24 | 0.92× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $495.0M | $291.2M |
| Free Cash FlowOCF − Capex | $452.0M | $10.0M |
| FCF MarginFCF / Revenue | 10.8% | 0.2% |
| Capex IntensityCapex / Revenue | 1.0% | 6.2% |
| Cash ConversionOCF / Net Profit | 1.51× | 3.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $653.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $495.0M | — | ||
| Q4 25 | — | $291.2M | ||
| Q3 25 | $711.0M | $458.3M | ||
| Q2 25 | $58.0M | $495.2M | ||
| Q1 25 | $299.0M | $126.9M | ||
| Q4 24 | — | $349.3M | ||
| Q3 24 | $656.0M | $651.1M | ||
| Q2 24 | $374.0M | $718.6M |
| Q1 26 | $452.0M | — | ||
| Q4 25 | — | $10.0M | ||
| Q3 25 | $680.0M | $275.9M | ||
| Q2 25 | $36.0M | $339.1M | ||
| Q1 25 | $213.0M | $28.1M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | $633.0M | $565.3M | ||
| Q2 24 | $351.0M | $617.7M |
| Q1 26 | 10.8% | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | 16.1% | 5.8% | ||
| Q2 25 | 0.9% | 7.1% | ||
| Q1 25 | 4.9% | 0.6% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | 15.2% | 12.3% | ||
| Q2 24 | 8.5% | 13.5% |
| Q1 26 | 1.0% | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | 0.7% | 3.8% | ||
| Q2 25 | 0.5% | 3.3% | ||
| Q1 25 | 2.0% | 2.2% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | 0.6% | 1.9% | ||
| Q2 24 | 0.6% | 2.2% |
| Q1 26 | 1.51× | — | ||
| Q4 25 | — | 3.31× | ||
| Q3 25 | 1.82× | 1.34× | ||
| Q2 25 | 0.16× | 1.39× | ||
| Q1 25 | 1.05× | 0.43× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 1.80× | 1.86× | ||
| Q2 24 | 1.16× | 2.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LDOS
| US Do D And US Intelligence Community | $1.4B | 32% |
| Cost Reimbursement And Fixed Price Incentive Fee | $1.0B | 24% |
| Commercial And International Segment | $609.0M | 15% |
| Defense Systems Segment | $546.0M | 13% |
| Other | $358.0M | 9% |
| Time And Materials And Fixed Price Level Of Effort | $295.0M | 7% |
| Commercial And Non US Customers | $38.0M | 1% |
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% |
