JBS (JBS) financial statements
JBS reported revenue of $86.2B in fiscal 2025, up 8.7% a year over 2 years.
Net income was $2.0B and the operating margin 4.8%, against 1.5% in 2023.
Free cash flow was $833M, and the company returned $1.6B in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from JBS's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $72.9B | $77.2B | $86.2B |
| Cost of revenue | $65.0B | $65.6B | $74.9B |
| Gross profit | $8.0B | $11.6B | $11.3B |
| Selling, general and admin | $6.9B | $7.1B | $7.2B |
| Operating income | $1.1B | $4.4B | $4.2B |
| Interest expense | $1.7B | $1.6B | $1.7B |
| Pre-tax income | -$260M | $2.7B | $2.6B |
| Income tax | -$128M | $743M | $391M |
| Net income | -$199M | $1.8B | $2.0B |
| EPS (diluted) | -$0.19 | $1.65 | $1.89 |
| Diluted shares | 1.07B | 1.07B | 1.07B |
| Gross margin | 10.9% | 15.0% | 13.1% |
| Operating margin | 1.5% | 5.7% | 4.8% |
| Net margin | -0.3% | 2.3% | 2.3% |
Balance sheet
Fiscal years, from JBS's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $4.6B | $5.9B | $5.0B |
| Receivables | — | $3.7B | $4.2B |
| Inventory | — | $5.0B | $6.1B |
| Total current assets | — | $17.1B | $18.4B |
| Property, plant and equipment | $12.9B | $11.8B | $13.6B |
| Goodwill | — | $5.4B | $5.9B |
| Total assets | — | $40.7B | $45.2B |
| Total current liabilities | — | $11.7B | $11.5B |
| Long-term debt | — | $17.2B | $20.3B |
| Total liabilities | — | $32.6B | $35.6B |
| Shareholders' equity | $9.7B | $7.1B | $8.7B |
| Net debt | -$4.6B | $13.7B | $16.5B |
Cash flow
Fiscal years, from JBS's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | $2.4B | $4.2B | $2.9B |
| Capital spending | $1.5B | $1.5B | $2.1B |
| Free cash flow | $877M | $2.7B | $833M |
| Stock-based compensation | $7M | $16M | $29M |
| Dividends paid | $448M | $759M | $1.6B |
| Net borrowing | $9.0B | $3.0B | $10.1B |
| Free cash flow margin | 1.2% | 3.6% | 1.0% |
| Dividends per share | $0.42 | $0.71 | $1.47 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for JBS.
Open JBS in InvestinglyQuestions
What was JBS's revenue in 2025?
$86.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does JBS generate?
$833M in fiscal 2025 (operating cash flow minus capital spending).
From JBS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.