Performance Food Group Co. (PFGC) 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 %
Q4 26	$1.6	$1.59	-0.6%	—	$18B	—
Q3 26	$0.78	$0.8	+2.6%	—	$16.3B	—
Q2 26	$1.09	$0.98	-10.1%	—	$16.4B	—
Q1 26	$1.21	$1.18	-2.5%	—	$17.1B	—
Q4 25	$1.46	$1.55	+6.2%	—	$16.9B	—
Q3 25	$0.87	$0.79	-9.2%	—	$15.3B	—
Q2 25	$1.05	$0.98	-6.7%	—	$15.6B	—
Q1 25	$1.22	$1.16	-4.9%	—	$15.4B	—
Q4 24	$1.37	$1.45	+5.8%	—	$15.2B	—
Q3 24	$0.84	$0.8	-4.8%	—	$13.9B	—
Q2 24	$0.92	$0.9	-2.2%	—	$14.3B	—
Q1 24	$1.1	$1.15	+4.5%	—	$14.9B	—
Q4 23	$1.14	$1.14	0.0%	—	$14.9B	—
Q3 23	$0.71	$0.83	+16.9%	—	$13.8B	—
Q2 23	$0.75	$0.83	+10.7%	—	$13.9B	—
Q1 23	$0.8	$1.08	+35.0%	—	$14.7B	—

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 %
FY26	—	$2.3	—	—	$67.8B	—
FY25	—	$2.2	—	—	$63.3B	—
FY24	—	$2.82	—	—	$58.3B	—
FY23	—	$2.58	—	—	$57.3B

Total revenue

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

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$16.8B	$17.6B	$19.7B	$25.1B	$30.4B	$50.9B	$57.3B	$58.3B	$63.3B	$67.8B
YoY change	+4.08%	+5.12%	+12.1%	+27.1%	+21.2%	+67.4%	+12.5%	+1.79%	+8.61%	+7.17%

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	16.8B	17.6B	19.7B	25.1B	30.4B	50.9B	57.3B	58.3B	63.3B	67.8B
Cost of revenue	14.6B	15.3B	17.2B	22.2B	26.9B	45.6B	51B	51.7B	55.9B	59.7B
Gross profit	2.1B	2.3B	2.5B	2.9B	3.5B	5.3B	6.3B	6.6B	7.4B	8.1B
Gross margin	12.7%	13%	12.7%	11.4%	11.6%	10.3%	10.9%	11.3%	11.7%	11.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—
Operating income	211M	253.5M	283.3M	-99M	200.7M	327.4M	765.8M	826.4M	816.3M	887.5M
Operating margin	1.26%	1.44%	1.43%	-0.39%	0.66%	0.64%	1.34%	1.42%	1.29%	1.31%
Non-operating income, net	1.6M	500K	400K	-6.3M	6.4M	22.6M	-3.8M	2.6M	900K	12M
Pretax income	157.7M	193.6M	218.3M	-222.2M	54.7M	167.1M	544M	596.8M	458.8M	485.8M
Income tax	61.4M	-5.1M	51.5M	-108.1M	14M	54.6M	146.8M	160.9M	118.6M	126.5M
Net income	96.3M	198.7M	166.8M	-114.1M	40.7M	112.5M	397.2M	435.9M	340.2M	359.3M
Net margin	0.57%	1.13%	0.84%	-0.45%	0.13%	0.22%	0.69%	0.75%	0.54%	0.53%
EBITDA	338.7M	384.1M	438.7M	171M	546M	812.8M	1.3B	1.4B	1.5B	1.7B
EPS	0.96	1.95	1.61	-1.01	0.31	0.75	2.58	2.82	2.2	2.3
Diluted EPS	0.93	1.9	1.59	-1.01	0.3	0.74	2.54	2.79	2.18	2.29

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	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	14.9B	14.3B	13.9B	15.2B	15.4B	15.6B	15.3B	16.9B	17.1B	16.4B	16.3B	18B
Cost of revenue	13.3B	12.7B	12.3B	13.4B	13.7B	13.8B	13.5B	14.9B	15.1B	14.5B	14.4B	15.9B
Gross profit	1.7B	1.6B	1.6B	1.7B	1.8B	1.8B	1.8B	2B	2B	2B	1.9B	2.2B
Gross margin	11.1%	11.2%	11.3%	11.5%	11.4%	11.7%	11.9%	11.8%	11.8%	12%	11.9%	12%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	216.2M	173.9M	154.9M	281.4M	215.3M	158.8M	174.4M	267.8M	224.7M	190.1M	148.9M	323.8M
Operating margin	1.45%	1.22%	1.12%	1.85%	1.4%	1.02%	1.14%	1.58%	1.32%	1.16%	0.91%	1.8%
Non-operating income, net	3.2M	-800K	-1M	1.2M	-1.6M	-1.9M	1M	3.4M	1.2M	1.1M	9.9M	-200K
Pretax income	163.3M	111.7M	96.8M	225M	146.9M	56.7M	78.5M	176.7M	121.5M	86.7M	55.9M	221.7M
Income tax	42.6M	33.4M	26.4M	58.5M	38.9M	14.3M	20.2M	45.2M	27.9M	25M	14.2M	59.4M
Net income	120.7M	78.3M	70.4M	166.5M	108M	42.4M	58.3M	131.5M	93.6M	61.7M	41.7M	162.3M
Net margin	0.81%	0.55%	0.51%	1.1%	0.7%	0.27%	0.38%	0.78%	0.55%	0.38%	0.26%	0.9%
EBITDA	348.7M	316.4M	293.2M	427.4M	366.6M	339.4M	362.3M	466.8M	421.3M	391.1M	363.8M	537.2M
EPS	0.78	0.51	0.46	1.08	0.7	0.27	0.38	0.85	0.6	0.4	0.27	1.04
Diluted EPS	0.77	0.5	0.45	1.07	0.69	0.27	0.37	0.84	0.6	0.39	0.27	1.03

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	2.7B	3.7B	4.2B	3.3B	—	—	9.3B	10.2B	13.5B	17.4B	14.4B
Enterprise value	4B	4.9B	5.5B	5.9B	—	—	14B	15.2B	21.5B	25.1B	22.1B
Shares outstanding	100.2M	102M	103.8M	113M	132.1M	149.8M	154.2M	154.4M	154.8M	155.9M	155.9M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	28.5	18.8	24.9	—	—	—	23.4	23.4	39.8	48.5	40
P/S	0.16	0.21	0.21	0.13	—	—	0.16	0.18	0.21	0.26	0.22
P/B	2.97	3.3	3.2	1.64	—	—	2.48	2.47	3.03	3.56	2.92
EV/EBITDA	11.9	12.8	12.5	34.5	—	—	11.1	10.9	14	14.7	13
EV/Sales	0.24	0.28	0.28	0.23	—	—	0.24	0.26	0.34	0.37	0.34
Earnings yield	3.51%	5.31%	4.01%	—	—	—	4.28%	4.27%	2.51%	2.06%	2.5%
FCF yield	2.24%	6.06%	4.29%	14.1%	—	—	6.05%	7.52%	5.2%	5.85%	4.94%
PEG	—	—	—	—	—	—	—	—	—	—	1.79

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	12.7%	13%	12.7%	11.4%	11.6%	10.3%	10.9%	11.3%	11.7%	11.9%	12%
Operating margin	1.26%	1.44%	1.43%	-0.39%	0.66%	0.64%	1.34%	1.42%	1.29%	1.31%	2.23%
Net margin	0.57%	1.13%	0.84%	-0.45%	0.13%	0.22%	0.69%	0.75%	0.54%	0.53%	0.56%
ROE	10.4%	17.5%	12.8%	-5.67%	1.93%	3.41%	10.6%	10.6%	7.61%	7.33%	7.67%
ROA	2.53%	4.97%	3.58%	-1.48%	0.52%	0.91%	3.18%	3.25%	1.9%	1.91%	3.02%
ROIC	5.82%	11%	8.22%	-2.15%	2.93%	2.66%	6.6%	6.65%	4.89%	5.21%	5.21%
Return on tangible assets	4.9%	9.32%	6.1%	-3.59%	1.15%	2.07%	6.8%	6.59%	4.51%	4.16%	4.16%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.51	1.5	1.57	1.32	1.42	1.66	1.71	1.64	1.58	1.51	1.51
Quick ratio	0.77	0.78	0.77	0.73	0.69	0.71	0.75	0.76	0.72	0.67	0.67
Debt / equity	1.4	1.04	1.04	1.5	1.42	1.51	1.27	1.21	1.79	1.59	1.59
Debt / assets	0.34	0.3	0.29	0.39	0.38	0.4	0.38	0.37	0.45	0.41	0.41
Net debt / EBITDA	3.81	3.06	3.04	15.2	5.47	6.13	3.76	3.58	5.16	4.49	4.49
Interest coverage	3.87	4.21	4.34	-0.9	1.36	1.91	3.5	3.57	2.28	2.17	2.17
Effective tax rate	38.9%	0%	23.6%	0%	25.6%	32.7%	27%	27%	25.9%	26%	26%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	167.2	172.7	190.2	222	230.1	339.7	371.3	377.5	408.9	435.1	412.7
EPS (basic)	0.96	1.95	1.61	-1.01	0.31	0.75	2.58	2.82	2.2	2.3	2.3
EPS (diluted)	0.93	1.9	1.59	-1.01	0.3	0.74	2.54	2.79	2.18	2.29	2.29
Book value per share	9.23	11.1	12.5	17.8	15.9	22	24.3	26.7	28.9	31.4	31.4
FCF per share	0.61	2.22	1.72	4.12	-0.94	0.41	3.65	4.97	4.55	6.54	6.49
Cash per share	0.08	0.07	0.14	3.72	0.08	0.08	0.08	0.13	0.51	0.59	0.59
Capex per share	1.39	1.36	1.33	1.39	1.38	1.41	1.5	2.43	—	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0.83%	0.78%	0.7%	0.63%	0.6%	0.41%	0.4%	0.64%	—	—	—
Capex / operating cash flow	75.4%	37.2%	66.8%	48.8%	-4.8K%	230.1%	30.3%	34%	—	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$14.9B	$14.3B	$13.9B	$15.2B	$15.4B	$15.6B	$15.3B	$16.9B	$17.1B	$16.4B	$16.3B	$18B
YoY change	+1.49%	+2.85%	+0.63%	+2.18%	+3.19%	+9.39%	+10.5%	+11.5%	+10.8%	+5.16%	+6.43%	+6.43%

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	8.1M	7.5M	14.7M	420.7M	11.1M	11.6M	12.7M	20M	78.5M	92.4M
Receivables	1B	1.1B	1.2B	1.3B	1.6B	2.3B	2.4B	2.5B	2.8B	3.1B
Inventory	1B	1.1B	1.4B	1.5B	1.8B	3.4B	3.4B	3.3B	3.9B	4.3B
Total current assets	2.1B	2.2B	2.7B	3.5B	3.6B	6B	6.1B	6.2B	7.1B	7.8B
Property, plant & equipment	288M	318.4M	409.2M	1.1B	1.2B	1.8B	1.9B	2.6B	3.3B	3.3B
Goodwill & intangibles	1.8B	1.9B	1.9B	4.5B	4.3B	6.9B	6.7B	6.8B	10.3B	10.2B
Total assets	3.8B	4B	4.7B	7.7B	7.8B	12.4B	12.5B	13.4B	17.9B	18.8B
Accounts payable	907.1M	973M	1.1B	1.7B	1.8B	2.6B	2.5B	2.6B	3.2B	3.7B
Short-term debt	11.7M	8.4M	18.3M	222.3M	125.7M	190.9M	208.1M	255.4M	326.4M	373.9M
Total current liabilities	1.4B	1.5B	1.7B	2.6B	2.5B	3.6B	3.6B	3.8B	4.5B	5.2B
Long-term debt	1.3B	1.2B	1.3B	2.8B	2.9B	4.8B	4.5B	4.7B	7.7B	7.4B
Total liabilities	2.9B	2.9B	3.4B	5.7B	5.7B	9.1B	8.8B	9.3B	13.4B	13.9B
Shareholders' equity	925.5M	1.1B	1.3B	2B	2.1B	3.3B	3.7B	4.1B	4.5B	4.9B
Total debt	1.3B	1.2B	1.4B	3B	3B	5B	4.7B	5B	8B	7.8B
Net debt	1.3B	1.2B	1.3B	2.6B	3B	5B	4.7B	5B	7.9B	7.7B

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	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	7.8M	16.4M	16.5M	20M	42.5M	10.7M	10.2M	78.5M	38.1M	41M	45.9M	92.4M
Receivables	2.4B	2.3B	2.4B	2.5B	2.5B	2.6B	2.7B	2.8B	2.8B	2.7B	2.9B	3.1B
Inventory	3.5B	3.3B	3.1B	3.3B	3.7B	3.9B	3.7B	3.9B	4.4B	4.3B	4.1B	4.3B
Total current assets	6.2B	6B	5.8B	6.2B	6.5B	6.9B	6.8B	7.1B	7.6B	7.4B	7.4B	7.8B
Property, plant & equipment	3.1B	3.3B	3.4B	2.6B	3.8B	4.8B	5B	3.3B	5.4B	5.5B	5.6B	3.3B
Goodwill & intangibles	6.9B	7B	6.9B	6.8B	7.9B	10.5B	10.4B	10.3B	10.2B	10.1B	10.4B	10.2B
Total assets	12.9B	12.9B	12.9B	13.4B	14.4B	17.1B	17.1B	17.9B	18.4B	18.2B	18.4B	18.8B
Accounts payable	2.5B	2.4B	2.5B	2.6B	2.8B	2.9B	3.1B	3.2B	3.4B	3.3B	3.6B	3.7B
Short-term debt	214.8M	227.2M	237.4M	255.4M	269.1M	300.5M	313.7M	326.4M	337.5M	351.4M	364.5M	373.9M
Total current liabilities	3.5B	3.5B	3.5B	3.8B	3.8B	4.1B	4.2B	4.5B	4.6B	4.6B	4.9B	5.2B
Long-term debt	4.9B	4.8B	4.6B	4.7B	5.5B	7.6B	7.4B	7.7B	8B	7.6B	7.5B	7.4B
Total liabilities	9.1B	9.1B	8.9B	9.3B	10.2B	12.8B	12.8B	13.4B	13.8B	13.5B	13.7B	13.9B
Shareholders' equity	3.8B	3.9B	4B	4.1B	4.2B	4.3B	4.3B	4.5B	4.6B	4.6B	4.7B	4.9B
Total debt	5.1B	5B	4.8B	5B	5.8B	7.9B	7.7B	8B	8.3B	8B	7.9B	7.8B
Net debt	5.1B	5B	4.8B	5B	5.7B	7.9B	7.7B	7.9B	8.3B	7.9B	7.8B	7.7B

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	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	96.3M	198.7M	166.8M	-114.1M	40.7M	112.5M	397.2M	435.9M	340.2M	359.3M
Depreciation & amortization	126.1M	130.1M	155M	276.3M	338.9M	462.8M	496.7M	556.7M	717.9M	813.9M
Stock-based compensation	17.3M	21.6M	15.7M	17.9M	25.4M	44M	43.4M	41.9M	47.8M	51.5M
Change in working capital	-64.9M	7.1M	-147.1M	-13.2M	-454.9M	-548.3M	-214.3M	50.7M	-134.6M	-155.7M
Operating cash flow	184.6M	371.8M	206.3M	321.5M	-3.8M	91.7M	762.3M	1.1B	1.2B	1.4B
Capital expenditure	-139.1M	-138.3M	-137.8M	-157M	-181.7M	-211M	-230.8M	-375M	—	—
Investing cash flow	-332M	-209.4M	-349.4M	-2.1B	-199.8M	-1.9B	-294.6M	-682.7M	-2.6B	-383.4M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-3.5M	-28.2M	-16.8M	-12.9M	-4.2M	-11.4M	-23.8M	-99.6M	-76.4M	-26.7M
Financing cash flow	123.5M	-173.1M	33M	1.9B	-305.6M	1.6B	-567M	-490.3M	1.9B	-668.1M
Net change in cash	-23.9M	-10.7M	-110.1M	99.5M	-509.2M	-215.6M	-99.3M	-69M	507.8M	362.2M
Free cash flow	61.5M	226.9M	178.3M	465.6M	-124.2M	61M	562.4M	767.4M	704.1M	1B

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	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	120.7M	78.3M	70.4M	166.5M	108M	42.4M	58.3M	131.5M	93.6M	61.7M	41.7M	162.3M
Depreciation & amortization	129.3M	143.3M	139.3M	144.8M	152.9M	182.5M	186.9M	195.6M	195.4M	199.9M	205M	213.6M
Stock-based compensation	10.7M	11M	10M	10.2M	11.3M	11.7M	12.6M	12.2M	13M	12.6M	12.9M	13M
Change in working capital	-34.9M	107.2M	217.3M	-238.9M	-127M	17.7M	186.9M	-212.2M	-350.6M	220M	319.7M	-344.8M
Operating cash flow	214.8M	338.6M	447.5M	103.1M	133.2M	256.9M	462.3M	383M	-145.2M	601.2M	615.9M	341.8M
Capital expenditure	-52.3M	-76M	-96.8M	-149.9M	-95.5M	-105.7M	-121M	—	—	—	—	—
Investing cash flow	-266.9M	-169.5M	-96.6M	-149.7M	-669.8M	-2.1B	-138.4M	-43.5M	0	-61M	-323.2M	800K
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-46.9M	-50.1M	-2.6M	0	-46.4M	-4.4M	-11.5M	-14.1M	-24.8M	-100K	-1.1M	-700K
Financing cash flow	174.1M	-288.6M	-283M	-60.3M	623.4M	1.7B	-332.7M	-103.7M	162.5M	-424.5M	-223.9M	-182.2M
Net change in cash	122M	-119.5M	67.9M	-106.9M	86.8M	-102.9M	-8.8M	235.8M	17.3M	115.7M	68.8M	160.4M
Free cash flow	33.9M	373M	305.4M	55.1M	-43M	218.1M	319.3M	209.7M	-224.1M	487.8M	532.7M	223.6M

Performance Food Group Co. 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

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