Pilgrims Pride Corp (PPC)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,086,438 | 985,237 | 756,655 | 490,808 | 321,574 | 31,945 | 169,019 | 470,679 | 745,930 | 937,660 | 740,033 | 211,230 | 31,000 | -5,675 | -32,954 | 127,697 | 94,757 | 186,758 | 263,077 | 439,181 |
| 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 |
| Net profit margin | 6.09% | 5.50% | 4.29% | 2.83% | 1.88% | 0.19% | 1.00% | 2.73% | 4.31% | 5.43% | 4.45% | 1.35% | 0.21% | -0.04% | -0.25% | 1.05% | 0.79% | 1.56% | 2.25% | 3.75% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,086,438K ÷ $17,845,240K
= 6.09%
Net profit margin is a key profitability ratio that measures the percentage of revenue that translates into net income after all expenses are deducted. In the case of Pilgrims Pride Corp, the net profit margin has shown fluctuations over the quarters.
The net profit margin started at 3.75% in March 2020 and gradually decreased to 0.79% by December 2020. Subsequently, there was a mix of negative and positive margins in the following quarters, with the lowest being -0.25% in June 2021. However, the trend reversed in the second half of 2022, with the net profit margin showing a steady improvement, reaching as high as 6.09% by December 2024.
This upward trend in the net profit margin indicates that Pilgrims Pride Corp became more efficient in managing its expenses and generating profit relative to its revenue over the analyzed period. It suggests improving operational performance and potentially better cost control measures implemented by the company. Investors and stakeholders may view this positive trend favorably as it reflects the company's ability to generate more profit from each dollar of sales.
Peer comparison
Dec 31, 2024