PILGRIM’S PRIDE CORPORATION
PPC · Consumer Staples · $6.9B mkt cap · FY2025 filings · Shallow moat ·
On the watchlist
The four filters
Median gross margin 9.9% over 10y, variable.
Median ROIC 13.2%, above the 9% hurdle in 70% of years.
Net debt/EBITDA 1.2x, interest coverage 10x.
Owner earnings +10.5%/yr, share count shrinking (buybacks).
Margin of safety
- Owner earnings (normalized)
- $745.9M
- Est. intrinsic value / share
- $56.52
- Recent price
- $29.11
- Discount to value
- 48% below value
Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
18 years of fundamentals
The business, in plain English
PILGRIM’S PRIDE CORPORATION booked $18.5B of revenue in FY2025 in the Consumer Staples sector and kept 12.7% of it as gross profit — a thin-margin business by that measure. After every other cost, 5.9% of each revenue dollar reached the bottom line.
Across the filed record, revenue grew from $7.1B (FY2009) to $18.5B (FY2025) — about 6.2% a year compounded over 16 years.
It earned 19.0% on invested capital in FY2025, with a median of 13.2% across 16 filed years. The Returns on Capital filter above scores it 60/100.
The balance sheet carried $3.1B of total debt in FY2025 against $1.1B of owner earnings — roughly 2.9 years of owner earnings to retire it all. Balance-Sheet Safety scores it 59/100.
The share count rose 10.9% between FY2011 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 84/100.
Put together: Capital Discipline is the strongest of the four filters (84/100) and Pricing Power the weakest (5/100), which is how PPC lands at 48/100 — a Shallow moat.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Gaps in a line mean that item isn’t in PPC’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Moat Score history
Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.
Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars
None yet — PPC has read Shallow moat for every logged capture since Jul 17, 2026.
Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.
Consumer Staples context
#29 of 66 scored Consumer Staples companies, ranked by Moat Score.
Nearest peers by Moat Score
- #27KDP Keurig Dr Pepper Inc.48.9 out of 100, Shallow moatShallow moat
- #28SFD SMITHFIELD FOODS, INC.48.3 out of 100, Shallow moatShallow moat
- #30MKC McCORMICK & COMPANY, INCORPORATED45.2 out of 100, Shallow moatShallow moat
- #31CWGL Crimson Wine Group, Ltd.42.9 out of 100, Shallow moatShallow moat
Compare PPC with its nearest peers →All Consumer Staples companies on the Index →
Common questions about PPC
- Does PILGRIM’S PRIDE CORPORATION have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores PILGRIM’S PRIDE CORPORATION (PPC) 48.0 out of 100 — a Shallow moat. The four filters behind that score (each 0–100): pricing power 5, returns on capital 60, balance-sheet safety 59, capital discipline 84.
- Is PPC stock trading below its intrinsic value?
- Against a deliberately conservative owner-earnings model (9% discount rate, 4% assumed growth, capped at 4%), estimated intrinsic value is $56.52 per share versus a recent price of $29.11 — 48% below value. This is an educational estimate computed from primary SEC filings, not investment advice.
- How has PPC's Moat Score changed over time?
- The record logs 3 readings since Jul 17, 2026; the latest reads 48.0 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.