Pilgrims Pride Corp (PPC)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 321,574 | 745,930 | 31,000 | 94,757 | 455,924 |
| Revenue | US$ in thousands | 17,112,600 | 17,295,900 | 14,639,400 | 11,996,600 | 11,295,500 |
| Net profit margin | 1.88% | 4.31% | 0.21% | 0.79% | 4.04% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $321,574K ÷ $17,112,600K
= 1.88%
The net profit margin of Pilgrim`s Pride Corp. has shown fluctuations over the past five years. In 2023, the net profit margin was 1.85%, which is a decrease from the previous year's margin of 4.27%. This decline indicates a decrease in profitability relative to revenue for the company in 2023.
Comparing the net profit margin to earlier years, in 2021 the company had a significantly lower net profit margin of 0.21%, which was followed by an improvement in 2022 to 4.27%. The net profit margin in 2023 of 1.85% falls between these two extremes.
Looking back further, in 2020, the net profit margin was 0.78%. The margin in 2019 stood at a comparatively higher level of 4.00%. Overall, the net profit margin has been somewhat volatile over the past five years.
This trend suggests that Pilgrim`s Pride Corp. has experienced varying levels of profitability in recent years, potentially influenced by factors such as changes in revenue, costs, and overall market conditions. Further analysis and a review of the company's financial performance indicators would be necessary to fully understand the drivers behind these fluctuations in net profit margin.
Peer comparison
Dec 31, 2023