Aramark (ARMK) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.48	$0.52	+8.3%	—	$5.1B	—
Q2 26	$0.48	$0.49	+2.1%	—	$4.9B	—
Q1 26	$0.51	$0.51	0.0%	—	$4.8B	—
Q4 25	$0.65	$0.57	-12.3%	—	$5B	—
Q3 25	$0.4	$0.4	0.0%	—	$4.6B	—
Q2 25	$0.33	$0.34	+3.0%	—	$4.3B	—
Q1 25	$0.49	$0.51	+4.1%	—	$4.6B	—
Q4 24	$0.53	$0.54	+1.9%	—	$4.4B	—
Q3 24	$0.3	$0.31	+3.3%	—	$4.4B	—
Q2 24	$0.27	$0.29	+7.4%	—	$4.2B	—
Q1 24	$0.36	$0.41	+13.9%	—	$4.4B	—
Q4 23	$0.64	$0.64	0.0%	—	$4.9B	—
Q3 23	$0.34	$0.36	+5.9%	—	$4.1B	—
Q2 23	$0.26	$0.28	+7.7%	—	$3.9B	—
Q1 23	$0.43	$0.41	-4.7%	—	$3.9B	—
Q4 22	$0.49	$0.48	-2.0%	—	$4.4B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.24	—	—	$18.5B	—
FY24	—	$1	—	—	$17.4B	—
FY23	—	$2.59	—	—	$16.1B	—
FY22	—	$0.76	—	—	$13.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$14.4B	$14.6B	$15.8B	$16.2B	$12.8B	$12.1B	$13.7B	$16.1B	$17.4B	$18.5B
YoY change	+0.61%	+1.31%	+8.12%	+2.77%	-20.9%	-5.72%	+13.2%	+17.5%	+8.19%	+6.35%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	14.4B	14.6B	15.8B	16.2B	12.8B	12.1B	13.7B	16.1B	17.4B	18.5B
Cost of revenue	12.9B	13B	14B	14.5B	12B	11B	12.6B	14.8B	16B	17B
Gross profit	1.5B	1.6B	1.8B	1.7B	835.9M	1.1B	1.1B	1.3B	1.4B	1.5B
Gross margin	10.6%	11%	11.3%	10.4%	6.52%	9%	7.83%	8.14%	8.19%	8.36%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	283.3M	299.2M	377.1M	367.3M	307M	346.7M	258.4M	273.7M	283.6M	278.4M
Operating expenses	283.3M	299.2M	377.1M	367.3M	307M	346.7M	258.4M	273.7M	283.6M	278.4M
Operating income	746.3M	801.6M	818.4M	734.9M	-66.3M	191.4M	415.4M	625M	706.5M	791.8M
Operating margin	5.18%	5.49%	5.18%	4.53%	-0.52%	1.58%	3.03%	3.89%	4.06%	4.28%
Non-operating income, net	—	—	—	156.3M	-198.6M	77.1M	—	376M	25.1M	-19.5M
Pretax income	430.9M	520.6M	471.9M	556.2M	-647.7M	-132.9M	47.2M	563.5M	364.9M	430.5M
Income tax	142.7M	146.5M	-96.6M	107.7M	-186.3M	-40.6M	8.4M	116.4M	103M	103.6M
Net income	288.2M	374.2M	568.4M	448.5M	-461.4M	-92.2M	194.2M	673.5M	261.9M	326.9M
Net margin	2%	2.56%	3.6%	2.76%	-3.6%	-0.76%	1.42%	4.19%	1.51%	1.77%
EBITDA	1.2B	1.3B	1.4B	1.3B	535.5M	754.5M	830M	1.1B	1.2B	1.3B
EPS	1.19	1.53	2.31	1.82	-1.83	-0.36	0.76	2.59	1	1.24
Diluted EPS	1.16	1.49	2.24	1.78	-1.83	-0.36	0.75	2.57	0.99	1.22

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	4.9B	4.4B	4.2B	4.4B	4.4B	4.6B	4.3B	4.6B	5B	4.8B	4.9B	5.1B
Cost of revenue	4.4B	4B	3.9B	4B	4B	4.2B	3.9B	4.3B	4.6B	4.4B	4.5B	4.6B
Gross profit	520M	362.7M	330.8M	335.2M	397M	400.9M	359.6M	370.1M	416M	416.2M	426.4M	430.3M
Gross margin	10.6%	8.23%	7.88%	7.66%	8.99%	8.81%	8.4%	8%	8.24%	8.61%	8.69%	8.51%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	104.5M	90.2M	62.6M	65.4M	65.5M	70.4M	68.4M	65.7M	73.9M	72.7M	74.5M	78.6M
Operating expenses	104.5M	90.2M	62.6M	65.4M	65.5M	70.4M	68.4M	65.7M	73.9M	72.7M	74.5M	78.6M
Operating income	277.9M	166.9M	159.1M	161.7M	218.8M	217.3M	174.2M	182.6M	217.8M	217.5M	219.8M	215.6M
Operating margin	5.67%	3.79%	3.79%	3.69%	4.95%	4.77%	4.07%	3.95%	4.31%	4.5%	4.48%	4.26%
Non-operating income, net	51.8M	—	—	—	—	—	—	—	—	—	—	—
Pretax income	218.3M	52.4M	72.7M	80.2M	159.6M	141.5M	84.5M	96.2M	108.3M	135.6M	137.5M	135.7M
Income tax	12.8M	23.9M	19.7M	22.1M	37.3M	35.8M	22.5M	24.2M	21.1M	39.1M	35.4M	37.9M
Net income	205.4M	28.5M	53M	58.1M	122.3M	105.7M	62M	72M	87.2M	96.5M	102.1M	97.8M
Net margin	4.19%	0.65%	1.26%	1.33%	2.77%	2.32%	1.45%	1.56%	1.73%	2%	2.08%	1.93%
EBITDA	417.2M	272.5M	268.2M	269.8M	379.1M	330.5M	291.2M	304.4M	345.1M	343.5M	351.9M	351.7M
EPS	0.79	0.11	0.2	0.22	0.46	0.4	0.23	0.27	0.33	0.37	0.39	0.37
Diluted EPS	0.78	0.11	0.2	0.22	0.46	0.39	0.23	0.27	0.33	0.36	0.38	0.36

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	6.7B	7.2B	7.6B	7.8B	4.8B	6B	5.8B	6.5B	10.2B	10.1B	14.3B
Enterprise value	11.8B	12.2B	14.7B	14.2B	12B	13.3B	13.3B	11.4B	15B	15.2B	20.5B
Shares outstanding	242.3M	244.5M	245.8M	246.9M	251.8M	254.7M	257.3M	260.6M	263M	263.9M	263.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	23.1	19.2	13.4	17.3	—	—	29.9	9.69	38.9	31	38.2
P/S	0.46	0.49	0.48	0.48	0.37	0.5	0.42	0.41	0.59	0.55	0.73
P/B	3.06	2.9	2.51	2.33	1.75	2.21	1.91	1.75	3.34	3.2	4.24
EV/EBITDA	9.48	9.28	10.3	10.6	22.4	17.7	16	10.7	12.9	11.8	14.2
EV/Sales	0.82	0.84	0.93	0.88	0.93	1.1	0.97	0.71	0.86	0.82	1.03
Earnings yield	4.33%	5.22%	7.45%	5.77%	—	—	3.35%	10.3%	2.57%	3.23%	2.62%
FCF yield	2.18%	4.88%	-24.3%	6.19%	-5.03%	4.12%	2.62%	1.96%	2.94%	4.26%	2.62%
PEG	—	—	—	—	—	—	—	—	—	—	1.03

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	10.6%	11%	11.3%	10.4%	6.52%	9%	7.83%	8.14%	8.19%	8.36%	8.51%
Operating margin	5.18%	5.49%	5.18%	4.53%	-0.52%	1.58%	3.03%	3.89%	4.06%	4.28%	4.42%
Net margin	2%	2.56%	3.6%	2.76%	-3.6%	-0.76%	1.42%	4.19%	1.51%	1.77%	1.93%
ROE	13.3%	15.2%	18.7%	13.5%	-16.8%	-3.38%	6.39%	18.1%	8.6%	10.3%	11.7%
ROA	2.72%	3.4%	4.14%	3.26%	-2.94%	-0.64%	1.29%	3.99%	2.07%	2.46%	4.24%
ROIC	6.85%	7.68%	8.13%	6.07%	-0.67%	1.91%	3.25%	5.75%	6.42%	7.29%	6.85%
Return on tangible assets	-26.6%	-42.1%	-27.3%	-26.2%	-57.3%	9.03%	-33.8%	18.2%	-45.2%	-66.5%	279.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.14	1.12	1.17	0.98	1.99	1.01	1	1.04	0.81	0.99	1.28
Quick ratio	0.87	0.86	0.87	0.83	1.81	0.87	0.83	0.96	0.72	0.88	1.14
Debt / equity	2.43	2.13	2.38	2.01	3.53	2.87	2.56	1.86	1.83	1.81	1.87
Debt / assets	0.5	0.48	0.53	0.49	0.62	0.54	0.52	0.41	0.44	0.43	0.46
Net debt / EBITDA	4.12	3.83	4.95	4.78	13.4	9.68	8.98	4.6	4.17	3.94	4.29
Interest coverage	2.37	2.82	2.34	2.58	-0.66	0.68	1.12	2.21	1.94	2.18	2.45
Effective tax rate	33.1%	28.1%	0%	19.4%	0%	0%	17.9%	20.7%	28.2%	24.1%	25.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	59.5	59.7	64.2	65.7	50.9	47.5	53.2	61.7	66.2	70.1	75.4
EPS (basic)	1.19	1.53	2.31	1.82	-1.83	-0.36	0.76	2.59	1	1.24	1.24
EPS (diluted)	1.16	1.49	2.24	1.78	-1.83	-0.36	0.75	2.57	0.99	1.22	1.43
Book value per share	8.96	10.1	12.4	13.5	10.9	10.7	11.8	14.3	11.6	12	12.9
FCF per share	0.6	1.43	-7.55	1.95	-0.96	0.98	0.59	0.49	1.14	1.64	1.61
Cash per share	0.63	0.98	0.87	1	9.96	2.09	1.28	7.82	2.72	2.42	1.97
Capex per share	2.14	2.19	3.67	1.97	1.45	1.47	1.15	1.4	1.53	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.6%	3.67%	5.71%	2.99%	2.84%	3.1%	2.16%	2.27%	2.32%	—	—
Capex / operating cash flow	63.2%	56.2%	80.5%	51.3%	129%	101.2%	69.7%	46.9%	55.9%	—	—
Payout ratio	31.9%	26.9%	18.1%	24.2%	-24%	-121.5%	58.3%	17%	38.1%	33.9%	32.5%
Dividend yield	1.38%	1.41%	1.35%	1.4%	2.31%	1.85%	1.95%	1.76%	0.98%	1.09%	0.88%

Yield

0.88%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.12

ex-dividend Aug 19, 2026

Payout ratio

33%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 19, 2026	$0.12
May 20, 2026	$0.12
Feb 18, 2026	$0.12
Dec 5, 2025	$0.12
Aug 6, 2025	$0.105

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$4.9B	$4.4B	$4.2B	$4.4B	$4.4B	$4.6B	$4.3B	$4.6B	$5B	$4.8B	$4.9B	$5.1B
YoY change	+11.6%	+12.6%	+7.25%	+7.97%	-9.89%	+3.27%	+1.89%	+5.72%	+14.3%	+6.14%	+14.7%	+9.33%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	152.6M	238.8M	215M	246.6M	2.5B	532.6M	329.5M	2B	714.8M	639.1M
Receivables	1.5B	1.6B	1.8B	1.8B	1.4B	1.7B	2.1B	2B	2.1B	2.2B
Inventory	587.2M	610.7M	724.8M	411.3M	436.5M	412.7M	552.4M	403.7M	387.6M	418.8M
Total current assets	2.5B	2.7B	2.9B	2.7B	4.7B	2.9B	3.3B	5.2B	3.4B	3.5B
Property, plant & equipment	1B	1B	1.4B	2.2B	2.6B	2.6B	2.6B	2B	2.2B	2.4B
Goodwill & intangibles	11.7B	11.9B	15.8B	15.4B	14.9B	15.4B	15.7B	13.2B	13.3B	13.8B
Total assets	10.6B	11B	13.7B	13.7B	15.7B	14.4B	15.1B	16.9B	12.7B	13.3B
Accounts payable	847.6M	955.9M	1B	999.5M	663.5M	919.1M	1.3B	1.3B	1.4B	1.5B
Short-term debt	46.5M	78.2M	30.9M	69.9M	171.7M	126.1M	133.9M	1.6B	1B	92.3M
Total current liabilities	2.2B	2.4B	2.5B	2.7B	2.3B	2.9B	3.3B	5B	4.2B	3.5B
Long-term debt	5.2B	5.2B	7.2B	6.6B	9.5B	7.7B	7.7B	5.3B	4.5B	5.6B
Total liabilities	8.4B	8.5B	10.7B	10.4B	13B	11.6B	12B	13.2B	9.6B	10.1B
Shareholders' equity	2.2B	2.5B	3B	3.3B	2.7B	2.7B	3B	3.7B	3B	3.2B
Total debt	5.3B	5.3B	7.2B	6.7B	9.7B	7.8B	7.8B	6.9B	5.6B	5.7B
Net debt	5.1B	5B	7B	6.4B	7.2B	7.3B	7.5B	5B	4.9B	5.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	2B	295.6M	356.6M	436.1M	714.8M	484.1M	920.5M	501.5M	639.1M	439.6M	475.7M	499.4M
Receivables	2B	2.2B	2.2B	2.2B	2.1B	2.2B	2.2B	2.4B	2.2B	2.5B	2.5B	2.6B
Inventory	403.7M	367.6M	388.3M	370.4M	387.6M	366.7M	405.9M	394.2M	418.8M	414.6M	453.3M	433.6M
Total current assets	5.2B	3.2B	3.3B	3.3B	3.4B	3.3B	3.8B	3.5B	3.5B	3.6B	3.7B	3.9B
Property, plant & equipment	2B	2.1B	2.1B	2.1B	2.2B	2.3B	2.3B	2.4B	2.4B	2.6B	2.6B	2.6B
Goodwill & intangibles	13.2B	13B	12.9B	12.9B	13.3B	13.1B	13.4B	13.5B	13.8B	13.5B	13.8B	13.8B
Total assets	16.9B	12.4B	12.6B	12.5B	12.7B	12.7B	13.5B	13.3B	13.3B	13.5B	13.8B	14B
Accounts payable	1.3B	1.1B	1.1B	1B	1.4B	1.1B	1.1B	1.1B	1.5B	1.3B	1.2B	1.1B
Short-term debt	1.6B	91.7M	92.5M	994.2M	1B	996.7M	480.7M	101.7M	92.3M	98.8M	99.2M	102.8M
Total current liabilities	5B	2.5B	2.7B	3.5B	4.2B	3.5B	3.2B	2.7B	3.5B	2.9B	3.1B	3B
Long-term debt	5.3B	6.2B	6.1B	5.3B	4.5B	5.2B	6.4B	6.5B	5.6B	6.5B	6.3B	6.4B
Total liabilities	13.2B	9.6B	9.7B	9.6B	9.6B	9.6B	10.5B	10.2B	10.1B	10.3B	10.5B	10.5B
Shareholders' equity	3.7B	2.9B	2.9B	3B	3B	3.1B	3B	3.1B	3.2B	3.2B	3.3B	3.5B
Total debt	6.9B	6.3B	6.2B	6.3B	5.6B	6.2B	6.8B	6.6B	5.7B	6.6B	6.4B	6.5B
Net debt	5B	6B	5.9B	5.8B	4.9B	5.7B	5.9B	6.1B	5.1B	6.1B	5.9B	6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	288.2M	374.2M	568.4M	448.5M	-461.4M	-92.2M	38.8M	447.1M	261.9M	326.9M
Depreciation & amortization	495.8M	508.2M	596.2M	592.6M	595.2M	550.7M	398M	409.9M	435.5M	476.3M
Stock-based compensation	56.9M	65.2M	88.3M	55.3M	30.3M	71.1M	82.3M	76.3M	62.6M	58.6M
Change in working capital	-81.9M	-16M	-60.1M	-133.4M	154.4M	-45.6M	-95.9M	-97.8M	2.3M	17M
Operating cash flow	820.5M	953.1M	1.1B	945.2M	282.5M	371.1M	424.4M	779.9M	721.6M	921M
Capital expenditure	-518.7M	-536.1M	-901.6M	-485.2M	-364.4M	-375.3M	-295.6M	-365.5M	-403.5M	—
Investing cash flow	-503.1M	-530.5M	-870.5M	-209.5M	-361.1M	-634.4M	-745.2M	223.7M	-415.9M	-255.9M
Dividends paid	-92.1M	-100.8M	-103.1M	-108.4M	-110.9M	-112M	-113.1M	-114.6M	-99.9M	-110.8M
Share repurchases	-749K	-100M	-24.4M	-50M	-6.5M	0	0	—	—	-169.8M
Financing cash flow	-157.4M	-288.7M	1.8B	-734.9M	2.8B	-2.3B	-34.6M	659.6M	-1.6B	-234.6M
Net change in cash	159.9M	133.9M	2B	769K	2.7B	-2.6B	-355.4M	1.7B	-1.3B	430.6M
Free cash flow	145.2M	349.9M	-1.9B	481.1M	-241.8M	249.3M	152M	128.1M	299.1M	431.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	—	—	—	—	—	—	—	—	87.2M	96.5M	102.1M	97.8M
Depreciation & amortization	—	—	—	—	—	—	—	—	124.3M	126M	132.2M	136.1M
Stock-based compensation	21.3M	—	—	—	15.7M	14.8M	—	—	13.9M	16.3M	18.5M	19.3M
Change in working capital	—	—	—	—	—	—	—	—	499.1M	-497.3M	-56.4M	-133.7M
Operating cash flow	21.3M	—	—	—	15.7M	14.8M	—	—	1.2B	-782.2M	400.3M	117.2M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	15.6M	-33.7M	-68M	12.5M
Dividends paid	—	—	—	—	—	—	—	—	-27.6M	-31.5M	-31.5M	-31.6M
Share repurchases	—	—	—	—	—	—	—	—	-29.7M	-41.3M	-25.1M	-913K
Financing cash flow	—	—	—	—	—	—	—	—	-914M	735.7M	-203.2M	31.2M
Net change in cash	21.3M	—	—	—	15.7M	14.8M	—	—	277.2M	-80.2M	129.1M	160.9M
Free cash flow	—	—	—	—	—	—	—	—	1B	-904.4M	299M	4.8M

Aramark Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history