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Side-by-side financial comparison of PILGRIMS PRIDE CORP (PPC) and SMITHFIELD FOODS INC (SFD), based on the latest 10-Q / 10-K filings. 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× SMITHFIELD FOODS INC). SMITHFIELD FOODS INC runs the higher net margin — 1.9% vs 7.7%, a 5.8% gap on every dollar of revenue. On growth, SMITHFIELD FOODS INC posted the faster year-over-year revenue change (7.0% vs 3.3%). SMITHFIELD FOODS INC produced more free cash flow last quarter ($842.0M vs $10.0M). Over the past eight quarters, SMITHFIELD FOODS INC's revenue compounded faster (10.8% CAGR vs 1.8%).
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.
Smithfield Foods, Inc., is a Hong Kong-owned pork producer and food-processing company based in Smithfield, Virginia. Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and pork producer in the world. In addition to owning over 500 farms in the US, Smithfield contracts with another 2,000 independent farms around the country to raise Smithfield's pigs. Outside the US, the company has facilities in Mexico, Poland, Romania, Germany, S...
PPC vs SFD — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $4.2B |
| Net Profit | $88.0M | $327.0M |
| Gross Margin | 9.5% | 14.2% |
| Operating Margin | 4.5% | 9.5% |
| Net Margin | 1.9% | 7.7% |
| Revenue YoY | 3.3% | 7.0% |
| Net Profit YoY | -62.7% | 59.5% |
| EPS (diluted) | $0.37 | $0.83 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $4.5B | $4.2B | ||
| Q3 25 | $4.8B | $3.7B | ||
| Q2 25 | $4.8B | $3.8B | ||
| Q1 25 | $4.5B | $3.8B | ||
| Q4 24 | $4.4B | $4.0B | ||
| Q3 24 | $4.6B | $3.3B | ||
| Q2 24 | $4.6B | $3.4B | ||
| Q1 24 | $4.4B | $3.4B |
| Q4 25 | $88.0M | $327.0M | ||
| Q3 25 | $342.8M | $248.0M | ||
| Q2 25 | $355.5M | $188.0M | ||
| Q1 25 | $296.0M | $224.0M | ||
| Q4 24 | $235.9M | $205.0M | ||
| Q3 24 | $349.9M | $291.0M | ||
| Q2 24 | $326.3M | $301.0M | ||
| Q1 24 | $174.4M | $156.0M |
| Q4 25 | 9.5% | 14.2% | ||
| Q3 25 | 13.9% | 12.8% | ||
| Q2 25 | 15.0% | 13.2% | ||
| Q1 25 | 12.4% | 13.5% | ||
| Q4 24 | 12.7% | 13.5% | ||
| Q3 24 | 14.9% | 14.3% | ||
| Q2 24 | 15.2% | 15.4% | ||
| Q1 24 | 8.8% | 10.5% |
| Q4 25 | 4.5% | 9.5% | ||
| Q3 25 | 10.4% | 8.3% | ||
| Q2 25 | 10.8% | 6.9% | ||
| Q1 25 | 9.1% | 8.5% | ||
| Q4 24 | 7.0% | 8.5% | ||
| Q3 24 | 11.1% | 8.5% | ||
| Q2 24 | 9.7% | 9.8% | ||
| Q1 24 | 5.7% | 4.7% |
| Q4 25 | 1.9% | 7.7% | ||
| Q3 25 | 7.2% | 6.6% | ||
| Q2 25 | 7.5% | 5.0% | ||
| Q1 25 | 6.6% | 5.9% | ||
| Q4 24 | 5.4% | 5.2% | ||
| Q3 24 | 7.6% | 8.7% | ||
| Q2 24 | 7.2% | 8.8% | ||
| Q1 24 | 4.0% | 4.5% |
| Q4 25 | $0.37 | $0.83 | ||
| Q3 25 | $1.44 | $0.63 | ||
| Q2 25 | $1.49 | $0.48 | ||
| Q1 25 | $1.24 | $0.57 | ||
| Q4 24 | $1.00 | $0.54 | ||
| Q3 24 | $1.47 | $0.77 | ||
| Q2 24 | $1.37 | $0.79 | ||
| Q1 24 | $0.73 | $0.41 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $640.2M | — |
| Total DebtLower is stronger | $3.1B | $2.0B |
| Stockholders' EquityBook value | $3.7B | $6.8B |
| Total Assets | $10.3B | $12.2B |
| Debt / EquityLower = less leverage | 0.84× | 0.29× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $640.2M | — | ||
| Q3 25 | $612.6M | — | ||
| Q2 25 | $849.0M | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $870.8M | — |
| Q4 25 | $3.1B | $2.0B | ||
| Q3 25 | $3.1B | $2.0B | ||
| Q2 25 | $3.1B | $2.0B | ||
| Q1 25 | $3.2B | $2.0B | ||
| Q4 24 | $3.2B | $2.0B | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.3B | — |
| Q4 25 | $3.7B | $6.8B | ||
| Q3 25 | $3.5B | $6.5B | ||
| Q2 25 | $3.7B | $6.3B | ||
| Q1 25 | $3.1B | $6.2B | ||
| Q4 24 | $4.2B | $5.8B | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.5B | — |
| Q4 25 | $10.3B | $12.2B | ||
| Q3 25 | $10.0B | $11.5B | ||
| Q2 25 | $10.1B | $11.2B | ||
| Q1 25 | $11.0B | $11.1B | ||
| Q4 24 | $10.7B | $11.1B | ||
| Q3 24 | $10.7B | — | ||
| Q2 24 | $10.1B | — | ||
| Q1 24 | $9.8B | — |
| Q4 25 | 0.84× | 0.29× | ||
| Q3 25 | 0.87× | 0.31× | ||
| Q2 25 | 0.83× | 0.32× | ||
| Q1 25 | 1.02× | 0.32× | ||
| Q4 24 | 0.76× | 0.34× | ||
| 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. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $291.2M | $938.0M |
| Free Cash FlowOCF − Capex | $10.0M | $842.0M |
| FCF MarginFCF / Revenue | 0.2% | 19.9% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 6.2% | 2.3% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 3.31× | 2.87× |
| TTM Free Cash FlowTrailing 4 quarters | $653.1M | $718.0M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $291.2M | $938.0M | ||
| Q3 25 | $458.3M | $13.0M | ||
| Q2 25 | $495.2M | $274.0M | ||
| Q1 25 | $126.9M | $-166.0M | ||
| Q4 24 | $349.3M | — | ||
| Q3 24 | $651.1M | — | ||
| Q2 24 | $718.6M | — | ||
| Q1 24 | $271.0M | $-219.0M |
| Q4 25 | $10.0M | $842.0M | ||
| Q3 25 | $275.9M | $-75.0M | ||
| Q2 25 | $339.1M | $196.0M | ||
| Q1 25 | $28.1M | $-245.0M | ||
| Q4 24 | $176.6M | — | ||
| Q3 24 | $565.3M | — | ||
| Q2 24 | $617.7M | — | ||
| Q1 24 | $171.9M | $-311.0M |
| Q4 25 | 0.2% | 19.9% | ||
| Q3 25 | 5.8% | -2.0% | ||
| Q2 25 | 7.1% | 5.2% | ||
| Q1 25 | 0.6% | -6.5% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 13.5% | — | ||
| Q1 24 | 3.9% | -9.0% |
| Q4 25 | 6.2% | 2.3% | ||
| Q3 25 | 3.8% | 2.3% | ||
| Q2 25 | 3.3% | 2.1% | ||
| Q1 25 | 2.2% | 2.1% | ||
| Q4 24 | 4.0% | 2.1% | ||
| Q3 24 | 1.9% | 2.8% | ||
| Q2 24 | 2.2% | 2.3% | ||
| Q1 24 | 2.3% | 2.7% |
| Q4 25 | 3.31× | 2.87× | ||
| Q3 25 | 1.34× | 0.05× | ||
| Q2 25 | 1.39× | 1.46× | ||
| Q1 25 | 0.43× | -0.74× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 2.20× | — | ||
| Q1 24 | 1.55× | -1.40× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
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% |
SFD
| Packaged Meats Segment | $2.6B | 61% |
| Hog Production Segment | $808.0M | 19% |
| Foodservice | $691.0M | 16% |
| Industrial | $115.0M | 3% |
| Exports | $37.0M | 1% |
| Other | $5.0M | 0% |
