Pilgrims Pride Corp (PPC)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,086,440 | 321,574 | 745,930 | 31,000 | 94,757 |
| Revenue | US$ in thousands | 17,897,700 | 17,112,600 | 17,295,900 | 14,639,400 | 11,996,600 |
| Net profit margin | 6.07% | 1.88% | 4.31% | 0.21% | 0.79% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,086,440K ÷ $17,897,700K
= 6.07%
The net profit margin of Pilgrims Pride Corp has exhibited fluctuating trends over the years based on the provided data. In December 2020, the net profit margin stood at 0.79%, indicating that for every dollar of revenue generated, the company retained $0.0079 as net profit. However, by December 2021, the net profit margin had decreased to 0.21%, reflecting a decline in profitability.
In December 2022, there was a significant improvement in the net profit margin, which surged to 4.31%. This may suggest effective cost management or revenue growth strategies implemented by the company during that period. Subsequently, in December 2023, the net profit margin dropped to 1.88%, indicating a decrease in profitability compared to the previous year.
By December 2024, the net profit margin rebounded strongly to 6.07%, signaling a notable increase in profitability for Pilgrims Pride Corp. This improvement could be attributed to various factors such as operational efficiencies, pricing strategies, or market conditions favoring the company's products.
Overall, the fluctuating net profit margin of Pilgrims Pride Corp over the years reflects the company's ability to adapt to changing business environments, implement strategic initiatives, and manage costs effectively to enhance profitability.
Peer comparison
Dec 31, 2024