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PILGRIMS PRIDE CORP（PPC）与EchoStar CORP（SATS）财务数据对比。点击上方公司名可切换其他公司
PILGRIMS PRIDE CORP的季度营收约是EchoStar CORP的1.2倍（$4.5B vs $3.8B），PILGRIMS PRIDE CORP净利率更高（1.9% vs -31.8%，领先33.7%），PILGRIMS PRIDE CORP同比增速更快（3.3% vs -4.3%），PILGRIMS PRIDE CORP自由现金流更多（$10.0M vs $-583.4M），过去两年PILGRIMS PRIDE CORP的营收复合增速更高（1.8% vs -2.8%）
Pilgrim's Pride是美国跨国食品企业，为美国及波多黎各最大的鸡肉生产商之一，同时是墨西哥第二大鸡肉生产商。公司2009年12月脱离破产状态，2011年将美国总部迁至科罗拉多州格里利，由JBS集团控股，2016年11月底以3.5亿美元收购Gold'n Plump。
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
PPC vs SATS — 直观对比
营收规模更大
PPC
是对方的1.2倍
$3.8B
营收增速更快
PPC
高出7.6%
-4.3%
净利率更高
PPC
高出33.7%
-31.8%
自由现金流更多
PPC
多$593.4M
$-583.4M
两年增速更快
PPC
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $3.8B |
| 净利润 | $88.0M | $-1.2B |
| 毛利率 | 9.5% | — |
| 营业利润率 | 4.5% | -20.5% |
| 净利率 | 1.9% | -31.8% |
| 营收同比 | 3.3% | -4.3% |
| 净利润同比 | -62.7% | -460.1% |
| 每股收益（稀释后） | $0.37 | $-4.27 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PPCSATS
| Q4 25 | $4.5B | $3.8B | ||
| Q3 25 | $4.8B | $3.6B | ||
| Q2 25 | $4.8B | $3.7B | ||
| Q1 25 | $4.5B | $3.9B | ||
| Q4 24 | $4.4B | $4.0B | ||
| Q3 24 | $4.6B | $3.9B | ||
| Q2 24 | $4.6B | $4.0B | ||
| Q1 24 | $4.4B | $4.0B |
净利润PPCSATS
| Q4 25 | $88.0M | $-1.2B | ||
| Q3 25 | $342.8M | $-12.8B | ||
| Q2 25 | $355.5M | $-306.1M | ||
| Q1 25 | $296.0M | $-202.7M | ||
| Q4 24 | $235.9M | $335.2M | ||
| Q3 24 | $349.9M | $-141.8M | ||
| Q2 24 | $326.3M | $-205.6M | ||
| Q1 24 | $174.4M | $-107.4M |
毛利率PPCSATS
| 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% | — | ||
| Q1 24 | 8.8% | — |
营业利润率PPCSATS
| Q4 25 | 4.5% | -20.5% | ||
| Q3 25 | 10.4% | -460.5% | ||
| Q2 25 | 10.8% | -5.7% | ||
| Q1 25 | 9.1% | -2.3% | ||
| Q4 24 | 7.0% | -1.6% | ||
| Q3 24 | 11.1% | -4.1% | ||
| Q2 24 | 9.7% | -1.7% | ||
| Q1 24 | 5.7% | -0.4% |
净利率PPCSATS
| Q4 25 | 1.9% | -31.8% | ||
| Q3 25 | 7.2% | -353.6% | ||
| Q2 25 | 7.5% | -8.2% | ||
| Q1 25 | 6.6% | -5.2% | ||
| Q4 24 | 5.4% | 8.5% | ||
| Q3 24 | 7.6% | -3.6% | ||
| Q2 24 | 7.2% | -5.2% | ||
| Q1 24 | 4.0% | -2.7% |
每股收益（稀释后）PPCSATS
| Q4 25 | $0.37 | $-4.27 | ||
| Q3 25 | $1.44 | $-44.37 | ||
| Q2 25 | $1.49 | $-1.06 | ||
| Q1 25 | $1.24 | $-0.71 | ||
| Q4 24 | $1.00 | $1.24 | ||
| Q3 24 | $1.47 | $-0.52 | ||
| Q2 24 | $1.37 | $-0.76 | ||
| Q1 24 | $0.73 | $-0.40 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $640.2M | $3.0B |
| 总债务越低越好 | $3.1B | $18.7B |
| 股东权益账面价值 | $3.7B | $5.8B |
| 总资产 | $10.3B | $43.0B |
| 负债/权益比越低杠杆越低 | 0.84× | 3.24× |
8季度趋势，按日历期对齐
现金及短期投资PPCSATS
| Q4 25 | $640.2M | $3.0B | ||
| Q3 25 | $612.6M | $3.9B | ||
| Q2 25 | $849.0M | $4.3B | ||
| Q1 25 | $2.1B | $5.1B | ||
| Q4 24 | $2.0B | $5.5B | ||
| Q3 24 | $1.9B | $674.4M | ||
| Q2 24 | $1.3B | $520.6M | ||
| Q1 24 | $870.8M | $766.4M |
总债务PPCSATS
| Q4 25 | $3.1B | $18.7B | ||
| Q3 25 | $3.1B | $21.8B | ||
| Q2 25 | $3.1B | $25.4B | ||
| Q1 25 | $3.2B | $25.3B | ||
| Q4 24 | $3.2B | $25.7B | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.3B | $951.0M |
股东权益PPCSATS
| Q4 25 | $3.7B | $5.8B | ||
| Q3 25 | $3.5B | $7.0B | ||
| Q2 25 | $3.7B | $19.7B | ||
| Q1 25 | $3.1B | $20.0B | ||
| Q4 24 | $4.2B | $20.2B | ||
| Q3 24 | $4.2B | $19.4B | ||
| Q2 24 | $3.7B | $19.6B | ||
| Q1 24 | $3.5B | $19.8B |
总资产PPCSATS
| Q4 25 | $10.3B | $43.0B | ||
| Q3 25 | $10.0B | $45.3B | ||
| Q2 25 | $10.1B | $59.9B | ||
| Q1 25 | $11.0B | $60.6B | ||
| Q4 24 | $10.7B | $60.9B | ||
| Q3 24 | $10.7B | $57.5B | ||
| Q2 24 | $10.1B | $55.3B | ||
| Q1 24 | $9.8B | $55.6B |
负债/权益比PPCSATS
| Q4 25 | 0.84× | 3.24× | ||
| Q3 25 | 0.87× | 3.13× | ||
| Q2 25 | 0.83× | 1.29× | ||
| Q1 25 | 1.02× | 1.27× | ||
| Q4 24 | 0.76× | 1.27× | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 0.85× | — | ||
| Q1 24 | 0.96× | 0.05× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $291.2M | $-425.3M |
| 自由现金流经营现金流 - 资本支出 | $10.0M | $-583.4M |
| 自由现金流率自由现金流/营收 | 0.2% | -15.4% |
| 资本支出强度资本支出/营收 | 6.2% | 4.2% |
| 现金转化率经营现金流/净利润 | 3.31× | — |
| 过去12个月自由现金流最近4个季度 | $653.1M | $-1.1B |
8季度趋势，按日历期对齐
经营现金流PPCSATS
| Q4 25 | $291.2M | $-425.3M | ||
| Q3 25 | $458.3M | $111.7M | ||
| Q2 25 | $495.2M | $7.5M | ||
| Q1 25 | $126.9M | $206.8M | ||
| Q4 24 | $349.3M | $45.6M | ||
| Q3 24 | $651.1M | $276.2M | ||
| Q2 24 | $718.6M | $479.7M | ||
| Q1 24 | $271.0M | $451.3M |
自由现金流PPCSATS
| Q4 25 | $10.0M | $-583.4M | ||
| Q3 25 | $275.9M | $-144.4M | ||
| Q2 25 | $339.1M | $-285.7M | ||
| Q1 25 | $28.1M | $-51.7M | ||
| Q4 24 | $176.6M | $-298.7M | ||
| Q3 24 | $565.3M | $-57.5M | ||
| Q2 24 | $617.7M | $132.4M | ||
| Q1 24 | $171.9M | $-68.4M |
自由现金流率PPCSATS
| Q4 25 | 0.2% | -15.4% | ||
| Q3 25 | 5.8% | -4.0% | ||
| Q2 25 | 7.1% | -7.7% | ||
| Q1 25 | 0.6% | -1.3% | ||
| Q4 24 | 4.0% | -7.5% | ||
| Q3 24 | 12.3% | -1.5% | ||
| Q2 24 | 13.5% | 3.3% | ||
| Q1 24 | 3.9% | -1.7% |
资本支出强度PPCSATS
| Q4 25 | 6.2% | 4.2% | ||
| Q3 25 | 3.8% | 7.1% | ||
| Q2 25 | 3.3% | 7.9% | ||
| Q1 25 | 2.2% | 6.7% | ||
| Q4 24 | 4.0% | 8.7% | ||
| Q3 24 | 1.9% | 8.6% | ||
| Q2 24 | 2.2% | 8.8% | ||
| Q1 24 | 2.3% | 12.9% |
现金转化率PPCSATS
| Q4 25 | 3.31× | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | 1.39× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 1.48× | 0.14× | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 2.20× | — | ||
| Q1 24 | 1.55× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
