Forensic Analysis · Consumer Staples / Food & Beverage · as of Aug 11, 2026
Pilgrims Pride Corp (PPC)
A forensic read on Pilgrims Pride Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
3.6
Distress distance
Clean
Earnings quality
3
Forensic signals
12.0
P / E (ttm)
29.4%
ROE
$6.3B
Market cap
7.64%
Dividend yield
3.5%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Pilgrims Pride Corp earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 3.6, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by shareholder returns.
What the filings flag
305% of FCF
FY2025
Shareholder returns.Returned $2.0B to shareholders (buybacks + dividends) in FY2025 — 305% of free cash flow. More than free cash flow generated — and beyond operating cash too, so the extra is coming from debt or cash reserves, which isn't sustainable indefinitely. Counting the $29M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 310%.
+12.6%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +12.6% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by receivables up +16% against revenue +3% and inventory up +14% against +4% in cost of sales. The cash-flow cross-check is more mixed: reported earnings ran behind operating cash by 5% of net operating assets, diverging from the balance-sheet accrual read.
-0.3%/yr
FY2022–FY2025
Share count.Diluted share count changed -1% over the last 3 years to FY2025 (-0.3%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.
Key fundamentals
Latest Revenue$18.50B
Revenue Growth YoY+3.5%
Revenue CAGR (3yr)+1.9%
Net Margin5.9%
Free Cash Flow$653.1M
Return on Equity29.4%
Debt / Equity0.84x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Pilgrims Pride Corp's actual 10-K/10-Q/8-K filings?