Pilgrims Pride Corp (PPC)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,312,767 | 2,080,552 | 1,742,464 | 1,329,263 | 1,118,401 | 893,136 | 1,044,524 | 1,442,870 | 1,811,803 | 2,068,521 | 1,943,094 | 1,646,564 | 1,365,827 | 1,240,723 | 1,182,722 | 922,340 | 838,196 | 812,194 | 780,549 | 1,028,554 |
| Revenue (ttm) | US$ in thousands | 17,845,240 | 17,920,260 | 17,637,730 | 17,321,630 | 17,121,930 | 16,725,710 | 16,871,300 | 17,222,890 | 17,295,990 | 17,269,750 | 16,618,380 | 15,613,130 | 14,664,000 | 13,755,120 | 12,996,470 | 12,195,720 | 12,013,720 | 11,959,380 | 11,675,740 | 11,696,170 |
| Gross profit margin | 12.96% | 11.61% | 9.88% | 7.67% | 6.53% | 5.34% | 6.19% | 8.38% | 10.48% | 11.98% | 11.69% | 10.55% | 9.31% | 9.02% | 9.10% | 7.56% | 6.98% | 6.79% | 6.69% | 8.79% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,312,767K ÷ $17,845,240K
= 12.96%
Pilgrims Pride Corp's gross profit margin has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The gross profit margin started at 8.79% in March 2020 and experienced a decline to 6.69% by June 2020. This downward trend continued until September 2020, where the margin stood at 6.79%. However, there was a slight improvement in December 2020 to 6.98%.
From March 2021 onwards, the gross profit margin started to show a more positive trend, increasing to 9.10% by June 2021. This upward trajectory continued, reaching a peak of 12.96% by December 31, 2024. Notably, there were some fluctuations during this period, with occasional decreases in the margin, such as in March 2023 (8.38%) and September 2023 (5.34%).
Overall, the gross profit margin of Pilgrims Pride Corp appears to have improved steadily over the analyzed period, with some fluctuations along the way. The company's ability to effectively manage its production costs and generate higher revenues relative to its cost of goods sold is reflected in the increasing trend of the gross profit margin.
Peer comparison
Dec 31, 2024