Pilgrims Pride Corp (PPC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,312,770 | 1,118,400 | 1,811,800 | 1,365,830 | 838,196 |
| Revenue | US$ in thousands | 17,897,700 | 17,112,600 | 17,295,900 | 14,639,400 | 11,996,600 |
| Gross profit margin | 12.92% | 6.54% | 10.48% | 9.33% | 6.99% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,312,770K ÷ $17,897,700K
= 12.92%
The gross profit margin of Pilgrims Pride Corp has shown fluctuations over the years, as evidenced by the following figures: 6.99% as of December 31, 2020, increasing to 9.33% by December 31, 2021, further rising to 10.48% by December 31, 2022, then declining to 6.54% by December 31, 2023, and finally reaching a high of 12.92% by December 31, 2024.
The increase in the gross profit margin from 2020 to 2021 indicates an improvement in the company's ability to generate profits from its core operations. However, the subsequent decline in 2023 suggests potential challenges in maintaining profitability, which was further demonstrated by the significant increase in 2024.
It is essential for Pilgrims Pride Corp to analyze the drivers behind these fluctuations to identify areas for improvement and ensure consistent profitability in the future. Further investigation into cost management, pricing strategies, and operational efficiency may be necessary to sustain and enhance the gross profit margin in the coming years.
Peer comparison
Dec 31, 2024