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Should You Buy JBS Stock After the Meat Giant’s IPO?

火 6月 17, 2025
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Pathikrit Bose

4 min read

In This Article:

A freezer with JBS meat products by Carol Maluf via Shutterstock

A freezer with JBS meat products by Carol Maluf via Shutterstock

The initial public offerings (IPO) keep on coming in 2025. From trading platform eToro (TORO) to stablecoin issuer Circle (CRCL) and health tech platform Omada (OMDA), it seems that investors are being spoilt for choice after a lull in the IPO market.

The latest noteworthy company to come public is the world’s largest meatpacking company, JBS (JBS). Let’s “unpack” and find out whether the company’s stock is tender enough for an investment.

Founded way back in 1953 by José Batista Sobrinho, hence the name, JBS has become a global meat-processing behemoth. It processes beef, chicken, pork, lamb, and fish — along with byproducts including leather, collagen, biodiesel, and cleaning products. With 600 production units worldwide, JBS has the ability to process 75,000 cattle, 14 million chickens, and 147,000 pigs per day.

The meatpacking giant began trading on the New York Stock Exchange on Friday, June 13, and its shares are now dually listed in the U.S. and Brazil. Some see the listing of JBS in the United States itself as a victory. JBS’s holding company plead guilty to bribery charges in the U.S. in 2020, and U.S. environmentalists and lawmakers have taken issue with its environmental footprint, including its reportedly steep emissions.

www.barchart.com

www.barchart.com

In Q1 2025, JBS’s net revenues increased by 8.5% from the previous year to $19.5 billion. The company’s home country of Brazil witnessed a yearly rise of 10.3% in revenues to $3.2 billion. This also resulted in an improvement in operating profit margins to 7.8% from 7.2% in the year-ago period.

Earnings also jumped to $0.23 per share from $0.15 per share as the company’s operating profits rose to $1.5 billion in Q1 2025 from $1.3 billion in the corresponding period a year ago.

Although net debt decreased to $14.8 billion (vs. $15.9 billion in Q1 2024), JBS’s cash flow-generating abilities remained a cause for concern. Net cash outflow from operating activities widened to $555 million from $235 million in the prior year as the company closed the quarter with a cash balance of $4.8 billion, much lower than its net debt levels.

JBS has established itself as a major force in the global meat industry, especially in the United States where it stands as the largest producer of beef and the second-largest in both poultry and pork. Also, its international reach is extensive, with operations in 20 countries and product distribution spanning over 190 markets. The company’s diverse product range includes beef, pork, poultry, and other meat categories, making its portfolio both broad and resilient.