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On June 12, 2026 Pilgrim’s announced a strategic investment to expand and modernize its Ellijay, Georgia poultry facility, citing capacity and operational improvements. The company filed SEC disclosures in late June indicating a settlement agreement dated May 22, 2026 related to a prior HMRC appeal.
Technical Analysis
ADX at 18 indicates no established trend strength, reducing the reliability of long-duration breakout interpretations relative to the near-term momentum picture.
DI+ measures 27.08 and shows an increasing trend, a bullish directional signal; DI- at 20.96 shows a peak-and-reversal pattern that also reads as bullish, reinforcing short-term directional bias.
MACD sits at 0.22 and the MACD line crosses above the signal line (-0.13) while trending higher, signaling bullish momentum that supports additional near-term upside attempts.
MRO registers -6.84 with a dip-and-reversal reading; negative MRO implies price sits below model target and therefore carries upside potential toward fair-value anchors, increasing the chance of mean reversion.
RSI at 51.4 and rising indicates neutral-to-slightly-bullish internals without overbought extremes, aligning with continued measured rallies rather than parabolic moves.
Price action shows the close at $31.24 above the 20-day average ($28.00) and 50-day average ($28.47) but still below the 200-day average ($34.98). Short-term moving-average placement supports upward pressure while the 200-day gap warns of longer-horizon resistance that valuation metrics also reinforce.
Fundamental Analysis
Revenue totaled $4,626,230,000 for the period; reported revenue growth stands at 2.07% overall, with quarter-over-quarter revenue growth of 529.57% and year-over-year revenue change of -68.69% as reported. Gross profit came to $339,752,000 and gross margin measured 7.34%, down 51.16% YoY. Operating income reached $74,649,000 and operating margin measured 1.61%, down 85.12% YoY and down 55.74% QoQ.
EBIT registered $71,652,000 and an EBIT margin of 1.55%; that margin sits above the industry peer mean of 0.93% but well below the industry peer median of 14.71% and the industry peer high of 23.11%, indicating profitability above the peer average yet far from typical peer median performance. EBIT margin fell roughly 58.62% QoQ and 85.78% YoY.
Net income totaled $13,377,000 with EPS of $0.64 versus an estimate of $0.66, producing an EPS surprise of -3.03% (EPS surprise ratio -0.0303). Forward EPS shows $0.758 and forward P/E sits near 40.83x while trailing P/E equals 46.64x; those multiples exceed many baseline comparatives and contribute to the WMDST valuation view.
Leverage and liquidity show mixed signals: total debt approximates $3,112,965,000 producing debt/EBITDA near 15.97x and debt/equity of 0.83x. Current ratio stands at 1.36 and quick ratio at 0.62. Free cash flow reached $100,619,000 (free cash flow yield 1.42%), while operating cash flow measured $426,434,000; free cash flow declined substantially year-over-year.
Return metrics remain compressed: return on equity 0.36% and return on assets 0.13%, both down sharply YoY. Asset turnover at 0.46 slightly exceeds the industry peer mean of 0.16, showing relative efficiency in asset use despite compressed margins.
WMDST values the stock as over-valued. Valuation signals include high trailing and forward P/E multiples, enterprise multiple near 50.43x, and free cash flow yield below the industry peer mean; those factors, combined with compressed margins and low returns on capital, support the current WMDST valuation stance.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-07-29 |
| NEXT REPORT DATE: | 2026-10-28 |
| CASH FLOW | Begin Period Cash Flow | $ 542.4 M |
| Operating Cash Flow | $ 426.4 M | |
| Capital Expenditures | $ -230.41 M | |
| Change In Working Capital | $ 147.8 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -144.11 M | |
| End Period Cash Flow | $ 398.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 4.6 B | |
| Forward Revenue | $ 15.6 B | |
| COSTS | ||
| Cost Of Revenue | $ 4.3 B | |
| Depreciation | $ 123.3 M | |
| Depreciation and Amortization | $ 123.3 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 4.6 B | |
| PROFITABILITY | ||
| Gross Profit | $ 339.8 M | |
| EBITDA | $ 195.0 M | |
| EBIT | $ 71.7 M | |
| Operating Income | $ 74.6 M | |
| Interest Income | $ 3.8 M | |
| Interest Expense | $ 49.9 M | |
| Net Interest Income | $ -46.11 M | |
| Income Before Tax | $ 21.8 M | |
| Tax Provision | $ 8.6 M | |
| Tax Rate | 39.336 % | |
| Net Income | $ 13.4 M | |
| Net Income From Continuing Operations | $ 13.2 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.66 | |
| EPS Actual | $ 0.64 | |
| EPS Difference | $ -0.02 | |
| EPS Surprise | -3.03 % | |
| Forward EPS | $ 0.76 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 10.0 B | |
| Intangible Assets | $ 2.1 B | |
| Net Tangible Assets | $ 1.6 B | |
| Total Current Assets | $ 3.7 B | |
| Cash and Short-Term Investments | $ 388.8 M | |
| Cash | $ 388.8 M | |
| Net Receivables | $ 858.3 M | |
| Inventory | $ 2.0 B | |
| Long-Term Investments | $ 153.3 M | |
| LIABILITIES | ||
| Accounts Payable | $ 1.5 B | |
| Short-Term Debt | $ 913.0 K | |
| Total Current Liabilities | $ 2.7 B | |
| Net Debt | $ 2.5 B | |
| Total Debt | $ 3.1 B | |
| Total Liabilities | $ 6.3 B | |
| EQUITY | ||
| Total Equity | $ 3.7 B | |
| Retained Earnings | $ 2.4 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 15.75 | |
| Shares Outstanding | 238.109 M | |
| Revenue Per-Share | $ 19.43 | |
| VALUATION | Market Capitalization | $ 7.1 B |
| Enterprise Value | $ 9.8 B | |
| Enterprise Multiple | 50.427 | |
| Enterprise Multiple QoQ | 24.789 % | |
| Enterprise Multiple YoY | 139.816 % | |
| Enterprise Multiple IPRWA | high: 106.077 PPC: 50.427 median: 38.429 mean: 29.523 low: -16.928 |
|
| EV/R | 2.125 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.675 | |
| Asset To Liability | 1.601 | |
| Debt To Capital | 0.454 | |
| Debt To Assets | 0.31 | |
| Debt To Assets QoQ | -5.436 % | |
| Debt To Assets YoY | -6.672 % | |
| Debt To Assets IPRWA | high: 0.464 median: 0.424 mean: 0.367 PPC: 0.31 low: 0.006 |
|
| Debt To Equity | 0.83 | |
| Debt To Equity QoQ | -7.709 % | |
| Debt To Equity YoY | -7.79 % | |
| Debt To Equity IPRWA | high: 1.892 median: 1.298 mean: 1.107 PPC: 0.83 low: 0.007 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.895 | |
| Price To Book QoQ | -20.164 % | |
| Price To Book YoY | -34.188 % | |
| Price To Book IPRWA | high: 2.558 PPC: 1.895 mean: 1.434 median: 1.058 low: 0.633 |
|
| Price To Earnings (P/E) | 46.637 | |
| Price To Earnings QoQ | -35.969 % | |
| Price To Earnings YoY | 69.847 % | |
| Price To Earnings IPRWA | high: 95.774 mean: 53.843 PPC: 46.637 median: 43.819 low: -105.137 |
|
| PE/G Ratio | 1.83 | |
| Price To Sales (P/S) | 1.536 | |
| Price To Sales QoQ | -21.21 % | |
| Price To Sales YoY | -32.103 % | |
| Price To Sales IPRWA | high: 6.883 mean: 4.217 median: 4.089 low: 2.265 PPC: 1.536 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 40.826 | |
| Forward PE/G | 1.602 | |
| Forward P/S | 0.455 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -27.976 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.457 | |
| Asset Turnover Ratio QoQ | 3.647 % | |
| Asset Turnover Ratio YoY | 1.327 % | |
| Asset Turnover Ratio IPRWA | PPC: 0.457 high: 0.334 median: 0.158 mean: 0.156 low: 0.081 |
|
| Receivables Turnover | 4.869 | |
| Receivables Turnover Ratio QoQ | 15.541 % | |
| Receivables Turnover Ratio YoY | 11.874 % | |
| Receivables Turnover Ratio IPRWA | PPC: 4.869 high: 4.073 mean: 2.831 median: 2.727 low: 0.851 |
|
| Inventory Turnover | 2.114 | |
| Inventory Turnover Ratio QoQ | 2.523 % | |
| Inventory Turnover Ratio YoY | -0.701 % | |
| Inventory Turnover Ratio IPRWA | high: 2.194 PPC: 2.114 median: 1.28 mean: 1.236 low: 0.961 |
|
| Days Sales Outstanding (DSO) | 18.74 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 32.103 | |
| Cash Conversion Cycle Days QoQ | -11.14 % | |
| Cash Conversion Cycle Days YoY | -6.554 % | |
| Cash Conversion Cycle Days IPRWA | high: 160.738 median: 42.085 PPC: 32.103 mean: 31.816 low: -20.166 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 4.744 | |
| CapEx To Revenue | -0.05 | |
| CapEx To Depreciation | -1.869 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 6.6 B | |
| Net Invested Capital | $ 6.6 B | |
| Invested Capital | $ 6.6 B | |
| Net Tangible Assets | $ 1.6 B | |
| Net Working Capital | $ 975.3 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.142 | |
| Current Ratio | 1.355 | |
| Current Ratio QoQ | -8.432 % | |
| Current Ratio YoY | -16.611 % | |
| Current Ratio IPRWA | high: 9.677 mean: 1.412 PPC: 1.355 median: 1.061 low: 0.682 |
|
| Quick Ratio | 0.617 | |
| Quick Ratio QoQ | -15.898 % | |
| Quick Ratio YoY | -30.183 % | |
| Quick Ratio IPRWA | high: 8.126 mean: 0.896 median: 0.66 PPC: 0.617 low: 0.306 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 15.967 | |
| Cost Of Debt | 0.936 % | |
| Interest Coverage Ratio | 1.437 | |
| Interest Coverage Ratio QoQ | -67.944 % | |
| Interest Coverage Ratio YoY | -88.218 % | |
| Interest Coverage Ratio IPRWA | high: 30.597 median: 3.903 mean: 2.059 PPC: 1.437 low: -95.888 |
|
| Operating Cash Flow Ratio | 0.155 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 30.821 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.693 % | |
| Revenue Growth | 2.065 % | |
| Revenue Growth QoQ | 529.573 % | |
| Revenue Growth YoY | -68.688 % | |
| Revenue Growth IPRWA | high: 3.897 % median: 3.383 % PPC: 2.065 % mean: -2.137 % low: -17.148 % |
|
| Earnings Growth | 25.49 % | |
| Earnings Growth QoQ | -201.96 % | |
| Earnings Growth YoY | -14.38 % | |
| Earnings Growth IPRWA | high: 48.437 % PPC: 25.49 % mean: 4.108 % median: -3.448 % low: -19.149 % |
|
| MARGINS | ||
| Gross Margin | 7.344 % | |
| Gross Margin QoQ | -3.647 % | |
| Gross Margin YoY | -51.157 % | |
| Gross Margin IPRWA | high: 45.324 % mean: 35.154 % median: 34.786 % PPC: 7.344 % low: 6.165 % |
|
| EBIT Margin | 1.549 % | |
| EBIT Margin QoQ | -58.616 % | |
| EBIT Margin YoY | -85.776 % | |
| EBIT Margin IPRWA | high: 23.106 % median: 14.708 % PPC: 1.549 % mean: 0.93 % low: -55.081 % |
|
| Return On Sales (ROS) | 1.614 % | |
| Return On Sales QoQ | -55.744 % | |
| Return On Sales YoY | -85.115 % | |
| Return On Sales IPRWA | high: 23.06 % mean: 16.138 % median: 15.52 % PPC: 1.614 % low: -24.18 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 100.6 M | |
| Free Cash Flow Yield | 1.416 % | |
| Free Cash Flow Yield QoQ | -233.208 % | |
| Free Cash Flow Yield YoY | -54.396 % | |
| Free Cash Flow Yield IPRWA | high: 5.909 % median: 1.95 % mean: 1.856 % PPC: 1.416 % low: -8.065 % |
|
| Free Cash Growth | -207.085 % | |
| Free Cash Growth QoQ | -61.746 % | |
| Free Cash Growth YoY | -119.393 % | |
| Free Cash Growth IPRWA | high: 29.916 % mean: -5.429 % median: -6.979 % low: -134.283 % PPC: -207.085 % |
|
| Free Cash To Net Income | 7.522 | |
| Cash Flow Margin | 9.218 % | |
| Cash Flow To Earnings | 31.878 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.132 % | |
| Return On Assets QoQ | -86.626 % | |
| Return On Assets YoY | -96.087 % | |
| Return On Assets IPRWA | high: 3.291 % PPC: 0.132 % mean: -2.549 % median: -6.434 % low: -14.855 % |
|
| Return On Capital Employed (ROCE) | 0.984 % | |
| Return On Equity (ROE) | 0.004 | |
| Return On Equity QoQ | -86.894 % | |
| Return On Equity YoY | -96.247 % | |
| Return On Equity IPRWA | high: 0.1 PPC: 0.004 mean: -0.073 median: -0.152 low: -0.581 |
|
| DuPont ROE | 0.358 % | |
| Return On Invested Capital (ROIC) | 0.657 % | |
| Return On Invested Capital QoQ | -65.692 % | |
| Return On Invested Capital YoY | -88.39 % | |
| Return On Invested Capital IPRWA | high: 4.962 % median: 1.434 % PPC: 0.657 % mean: -0.118 % low: -11.161 % |
|