Pilgrims Pride Corp (PPC)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,411,484 | 1,291,975 | 976,337 | 594,615 | 364,479 | 77,689 | 235,959 | 665,555 | 1,024,865 | 1,196,530 | 963,539 | 312,213 | 92,122 | 59,111 | 23,791 | 191,298 | 161,512 | 263,339 | 363,679 | 618,286 |
| 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 |
| Pretax margin | 7.91% | 7.21% | 5.54% | 3.43% | 2.13% | 0.46% | 1.40% | 3.86% | 5.93% | 6.93% | 5.80% | 2.00% | 0.63% | 0.43% | 0.18% | 1.57% | 1.34% | 2.20% | 3.11% | 5.29% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,411,484K ÷ $17,845,240K
= 7.91%
The pretax margin of Pilgrims Pride Corp has shown fluctuations over the periods from March 31, 2020, to December 31, 2024. The trend indicates a gradual decrease from 5.29% in March 2020 to 0.18% in June 2021, followed by a slight recovery to 6.93% by September 2022. However, there was a subsequent decrease to 0.46% by September 2023, before a significant improvement to 7.91% by December 2024.
Overall, the pretax margin fluctuated between 0.18% and 7.91% during the period under review. This variability suggests changing levels of efficiency in generating profits before accounting for taxes. The company may have experienced challenges in controlling costs or maintaining revenue growth during certain quarters, but managed to improve profitability significantly towards the end of the period. Further analysis of the underlying factors contributing to these fluctuations would be necessary to fully assess the company's financial performance.
Peer comparison
Dec 31, 2024