JBS N.V.
JBS · Meat Packing Plants · EDGAR filings ↗
Grade
A85World's largest protein company with top-decile returns, strong cash generation and a low-leverage balance sheet.
Strengths
- Top-decile ROIC (33.8%, 97th pct), strong ROE (23.4%, 81st pct) and ROA (77th pct)
- $832M FCF (88.5th pct), very low debt/equity (0.02), diversified global #1 scale across beef/poultry/pork
Risks
- Thin, cyclical commodity margins (gross 13.9%, 14th pct) exposed to livestock/feed prices
- Controlling-shareholder, antitrust, litigation and deforestation/ESG overhang
Notable findings
- Customer concentration~74% of revenue from one customer/distributor — 0 % 43 In terms of consumption, in the year ended December 31, 2025, we generated 74% of our net revenue from sales in the countries where we operate our facilities, which we classify as domesti
- Strong balance sheetStrong balance sheet — $4.6B cash & investments
Quarterly revenue
Last 2 quarters · from SEC filings.
Key metrics
Gross margin
13.1%
Operating margin
4.8%
Net margin
2.6%
Return on equity
23.4%
Return on assets
4.9%
ROIC
33.8%
Revenue growth (QoQ)
15.5%
Debt / equity
0.0×
Interest coverage
2.5×
Current ratio
1.6×
Free cash flow
$833M
Tangible book value
$3.7B
Cash & investments
$4.6B
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-25 | 2025-12-31 | 0001213900-26-034213 ↗ |