JBS Past Earnings Performance

Past criteria checks 4/6

JBS's earnings have been declining at an average annual rate of -7.3%, while the Food industry saw earnings growing at 16.7% annually. Revenues have been growing at an average rate of 9.6% per year. JBS's return on equity is 26.9%, and it has net margins of 2.7%.

Key information

-7.31%

Earnings growth rate

-4.37%

EPS growth rate

Food Industry Growth	9.94%
Revenue growth rate	9.57%
Return on equity	26.86%
Net Margin	2.65%
Next Earnings Update	13 Nov 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How JBS makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:Z98 Revenue, expenses and earnings (BRL Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 25	460,300	12,214	39,076
31 Mar 25	441,932	10,894	38,649
31 Dec 24	416,952	9,616	36,991
30 Sep 24	396,592	7,286	35,687
30 Jun 24	377,504	4,016	34,614
31 Mar 24	366,280	2,038	33,602
31 Dec 23	363,817	-1,061	33,978
30 Sep 23	360,341	1,206	33,992
30 Jun 23	367,860	4,647	34,578
31 Mar 23	370,669	8,863	35,013
31 Dec 22	374,852	15,458	35,498
30 Sep 22	379,178	19,581	35,297
30 Jun 22	372,875	23,153	31,726
31 Mar 22	366,311	23,583	32,469
31 Dec 21	350,696	20,487	30,119
30 Sep 21	329,563	18,033	28,041
30 Jun 21	307,019	13,580	28,677
31 Mar 21	288,974	12,577	25,522
31 Dec 20	270,204	4,598	23,991
30 Sep 20	251,271	3,014	22,299
30 Jun 20	233,375	238	21,015
31 Mar 20	216,635	-957	19,393
31 Dec 19	204,524	6,068	18,492
30 Sep 19	194,716	4,196	17,731
30 Jun 19	191,934	3,706	17,452
31 Mar 19	186,267	611	17,041
31 Dec 18	181,680	25	16,378
30 Sep 18	177,096	-990	16,714
30 Jun 18	168,838	-533	17,708
31 Mar 18	165,337	688	17,205
31 Dec 17	163,170	534	17,113
30 Sep 17	162,066	1,624	15,970
30 Jun 17	162,088	2,188	13,805
31 Mar 17	164,085	3,328	13,891
31 Dec 16	170,381	234	14,404
30 Sep 16	175,911	-593	14,753
30 Jun 16	177,774	1,961	14,895
31 Mar 16	173,007	505	14,511
31 Dec 15	162,915	4,640	13,403
30 Sep 15	150,056	5,534	12,600
30 Jun 15	137,806	3,186	11,709
31 Mar 15	127,870	3,360	10,990
31 Dec 14	120,470	2,036	10,484

Quality Earnings: Z98 has high quality earnings.

Growing Profit Margin: Z98's current net profit margins (2.7%) are higher than last year (1.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: Z98's earnings have declined by 7.3% per year over the past 5 years.

Accelerating Growth: Z98's earnings growth over the past year (204.1%) exceeds its 5-year average (-7.3% per year).

Earnings vs Industry: Z98 earnings growth over the past year (204.1%) exceeded the Food industry -20%.

Return on Equity

High ROE: Whilst Z98's Return on Equity (26.86%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/05 01:17
End of Day Share Price	2025/10/03 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

JBS N.V. is covered by 35 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Benjamin Theurer	Barclays
Gabriel Vaz de Lima	Barclays
Georgia Jorge	BB Banco de Investimento S.A.