US Foods Holding Corp (USFD) 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 %
Q2 26	$1.36	$1.44	+5.9%	—	$10.5B	—
Q1 26	$0.81	$0.78	-3.7%	—	$9.6B	—
Q4 25	$1.01	$1.04	+3.0%	—	$9.8B	—
Q3 25	$1.03	$1.07	+3.9%	—	$10.2B	—
Q2 25	$1.13	$1.19	+5.3%	—	$10.1B	—
Q1 25	$0.69	$0.68	-1.4%	—	$9.4B	—
Q4 24	$0.8	$0.84	+5.0%	—	$9.5B	—
Q3 24	$0.83	$0.85	+2.4%	—	$9.7B	—
Q2 24	$0.93	$0.93	0.0%	—	$9.7B	—
Q1 24	$0.54	$0.54	0.0%	—	$8.9B	—
Q4 23	$0.66	$0.64	-3.0%	—	$8.9B	—
Q3 23	$0.69	$0.7	+1.4%	—	$9.1B	—
Q2 23	$0.76	$0.79	+3.9%	—	$9B	—
Q1 23	$0.42	$0.5	+19.0%	—	$8.5B	—
Q4 22	$0.53	$0.55	+3.8%	—	$8.5B	—
Q3 22	$0.61	$0.6	-1.6%	—	$8.9B	—

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	—	$2.98	—	—	$39.4B	—
FY24	—	$2.05	—	—	$37.9B	—
FY23	—	$2.09	—	—	$35.6B	—
FY22	—	$1.02	—	—	$34.1B

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	$22.9B	$24.1B	$24.2B	$25.9B	$22.9B	$29.5B	$34.1B	$35.6B	$37.9B	$39.4B
YoY change	-0.9%	+5.36%	+0.12%	+7.3%	-11.8%	+28.8%	+15.5%	+4.52%	+6.41%	+4.08%

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	22.9B	24.1B	24.2B	25.9B	22.9B	29.5B	34.1B	35.6B	37.9B	39.4B
Cost of revenue	18.9B	19.9B	19.9B	21.4B	19.2B	24.8B	28.6B	29.4B	31.3B	32.6B
Gross profit	4.1B	4.2B	4.3B	4.6B	3.7B	4.7B	5.5B	6.1B	6.5B	6.9B
Gross margin	17.7%	17.5%	17.8%	17.7%	16.3%	15.8%	16.1%	17.3%	17.3%	17.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.6B	3.6B	3.6B	3.9B	3.8B	4.2B	4.9B	5.1B	5.4B	5.6B
Operating expenses	3.6B	3.6B	3.6B	3.9B	3.8B	4.2B	4.9B	5.1B	5.4B	5.6B
Operating income	472M	587M	659M	699M	-38M	435M	606M	1B	1.1B	1.2B
Operating margin	2.06%	2.43%	2.73%	2.69%	-0.17%	1.48%	1.78%	2.9%	2.96%	3.13%
Non-operating income, net	-112M	-13M	12M	-4M	-18M	-8M	10M	-29M	-163M	-29M
Pretax income	131M	404M	496M	511M	-294M	214M	361M	678M	644M	898M
Income tax	-79M	-40M	89M	126M	-68M	50M	96M	172M	150M	222M
Net income	210M	444M	407M	385M	-226M	164M	265M	506M	494M	676M
Net margin	0.92%	1.84%	1.68%	1.48%	-0.99%	0.56%	0.78%	1.42%	1.3%	1.71%
EBITDA	888M	951M	1B	1.1B	405M	839M	1B	1.4B	1.6B	1.7B
EPS	1.05	2	1.88	1.77	-1.15	0.55	1.02	2.09	2.05	2.98
Diluted EPS	1.03	1.97	1.87	1.75	-1.15	0.54	1.01	2.02	2.02	2.94

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	9.1B	8.9B	8.9B	9.7B	9.7B	9.5B	9.4B	10.1B	10.2B	9.8B	9.6B	10.5B
Cost of revenue	7.6B	7.3B	7.5B	8B	8.1B	7.8B	7.7B	8.3B	8.4B	8.1B	8B	8.6B
Gross profit	1.5B	1.6B	1.5B	1.7B	1.7B	1.7B	1.6B	1.8B	1.8B	1.7B	1.7B	1.9B
Gross margin	16.9%	17.8%	16.7%	17.6%	17.1%	17.6%	17.3%	17.6%	17.2%	17.6%	17.2%	18.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.3B	1.3B	1.3B	1.4B	1.4B	1.4B	1.4B	1.4B	1.5B	1.4B	1.4B	1.5B
Operating expenses	1.3B	1.3B	1.3B	1.4B	1.4B	1.4B	1.4B	1.4B	1.5B	1.4B	1.4B	1.5B
Operating income	230M	292M	178M	352M	288M	304M	229M	374M	295M	334M	224M	442M
Operating margin	2.53%	3.27%	1.99%	3.63%	2.96%	3.2%	2.45%	3.71%	2.89%	3.41%	2.33%	4.2%
Non-operating income, net	-20M	-12M	-12M	-2M	-12M	-137M	-4M	—	-13M	-12M	-7M	4M
Pretax income	129M	200M	87M	269M	201M	87M	148M	300M	206M	244M	142M	369M
Income tax	34M	53M	5M	71M	53M	21M	33M	76M	53M	60M	26M	94M
Net income	95M	147M	82M	198M	148M	66M	115M	224M	153M	184M	116M	275M
Net margin	1.04%	1.65%	0.92%	2.04%	1.52%	0.7%	1.23%	2.22%	1.5%	1.88%	1.21%	2.61%
EBITDA	328M	399M	284M	457M	399M	414M	342M	491M	413M	452M	344M	563M
EPS	0.38	0.6	0.33	0.81	0.61	0.28	0.5	0.97	0.68	0.83	0.53	1.26
Diluted EPS	0.38	0.59	0.33	0.8	0.61	0.28	0.49	0.96	0.67	0.82	0.52	1.24

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	5.5B	—	6.8B	9.1B	7.3B	7.7B	7.6B	10.9B	16.3B	17.1B	20.3B
Enterprise value	9.3B	—	10.4B	14.2B	12.7B	13.1B	12.7B	15.8B	21.6B	22.8B	25.5B
Shares outstanding	200.1M	222.4M	216.1M	218.1M	220M	221.9M	224.1M	239M	241M	227.1M	227.1M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	26.2	—	16.8	23.7	—	47.1	28.8	21.4	32.9	25.3	28.7
P/S	0.24	—	0.28	0.35	0.32	0.26	0.22	0.3	0.43	0.43	0.5
P/B	2.17	—	2.12	2.46	1.81	1.81	1.7	2.29	3.59	3.97	4.72
EV/EBITDA	10.5	—	10.3	13.4	31.3	15.6	12.7	11	13.9	13.4	14.3
EV/Sales	0.41	—	0.43	0.55	0.55	0.44	0.37	0.44	0.57	0.58	0.64
Earnings yield	3.82%	—	5.95%	4.21%	—	2.12%	3.48%	4.66%	3.04%	3.95%	3.48%
FCF yield	7%	—	5.47%	5.49%	3.06%	1.88%	6.56%	7.66%	5.12%	5.61%	3.97%
PEG	—	—	—	—	—	—	—	—	—	—	0.96

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	17.7%	17.5%	17.8%	17.7%	16.3%	15.8%	16.1%	17.3%	17.3%	17.4%	18.2%
Operating margin	2.06%	2.43%	2.73%	2.69%	-0.17%	1.48%	1.78%	2.9%	2.96%	3.13%	4.2%
Net margin	0.92%	1.84%	1.68%	1.48%	-0.99%	0.56%	0.78%	1.42%	1.3%	1.71%	1.81%
ROE	8.28%	16.1%	12.6%	10.4%	-5.58%	3.84%	5.9%	10.7%	10.9%	15.7%	16.4%
ROA	2.35%	4.91%	4.43%	3.41%	-1.82%	1.31%	2.07%	3.84%	3.68%	4.85%	5.83%
ROIC	7.46%	8.97%	7.99%	6.02%	-0.4%	3.47%	4.64%	7.95%	8.69%	9.28%	10.2%
Return on tangible assets	59.4%	118.4%	67.4%	-377.5%	35.6%	-42.2%	-563.8%	270.6%	212.9%	85.2%	58.8%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.42	1.41	1.43	1.38	1.75	1.41	1.37	1.3	1.21	1.16	1.14
Quick ratio	0.8	0.8	0.82	0.77	1.11	0.75	0.79	0.78	0.71	0.68	0.7
Debt / equity	1.55	1.42	1.13	1.38	1.53	1.28	1.18	1.1	1.2	1.33	1.26
Debt / assets	0.44	0.43	0.4	0.45	0.5	0.44	0.42	0.39	0.4	0.41	0.38
Net debt / EBITDA	4.27	3.99	3.5	4.77	13.2	6.35	5.1	3.44	3.46	3.35	3.02
Interest coverage	1.57	3.38	3.83	3.78	-0.24	2	2.42	3.09	3.04	3.94	4.14
Effective tax rate	0%	0%	17.9%	24.7%	0%	23.4%	26.6%	25.4%	23.3%	24.7%	24.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	114.5	108.6	111.9	118.9	104	132.9	152	148.9	157.1	173.6	180.8
EPS (basic)	1.05	2	1.88	1.77	-1.15	0.55	1.02	2.09	2.05	2.98	2.98
EPS (diluted)	1.03	1.97	1.87	1.75	-1.15	0.54	1.01	2.02	2.02	2.94	3.25
Book value per share	12.7	12.4	14.9	17	18.4	19.2	20.1	19.9	18.8	19	19.8
FCF per share	1.92	2.37	1.73	2.3	1.02	0.65	2.23	3.48	3.46	4.22	4.29
Cash per share	0.66	0.54	0.48	0.41	3.76	0.67	0.94	1.13	0.24	0.18	0.26
Capex per share	0.73	0.88	1.07	1.14	0.66	1.2	1.14	1.25	1.4	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.64%	0.81%	0.96%	0.96%	0.63%	0.91%	0.75%	0.84%	0.89%	—	—
Capex / operating cash flow	23.5%	27.4%	30.4%	33.9%	36.5%	84.8%	34.7%	27.5%	33.5%	—	—
Payout ratio	317.1%	0%	0%	0%	0%	17.1%	14%	1.38%	0%	0%	0%
Dividend yield	12.1%	—	0%	0%	0%	0.36%	0.49%	0.06%	0%	0%	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$9.1B	$8.9B	$8.9B	$9.7B	$9.7B	$9.5B	$9.4B	$10.1B	$10.2B	$9.8B	$9.6B	$10.5B
YoY change	+2.12%	+4.94%	+4.76%	+7.72%	+6.83%	+6.21%	+4.49%	+3.84%	+4.76%	+3.26%	+2.77%	+4.46%

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	131.1M	119M	104M	90M	828M	148M	211M	269M	59M	41M
Receivables	1.2B	1.3B	1.3B	1.5B	1.1B	1.5B	1.7B	1.9B	2B	2B
Inventory	1.2B	1.2B	1.3B	1.4B	1.3B	1.7B	1.6B	1.6B	1.6B	1.7B
Total current assets	2.8B	2.8B	3B	3.3B	3.5B	3.6B	3.8B	4B	4B	4.2B
Property, plant & equipment	623.6M	611M	590M	664M	550M	525M	458M	508M	580M	770M
Goodwill & intangibles	8.6B	8.7B	8.6B	11.4B	13.1B	12.9B	12.8B	13B	13.2B	13.2B
Total assets	8.9B	9B	9.2B	11.3B	12.4B	12.5B	12.8B	13.2B	13.4B	13.9B
Accounts payable	1.3B	1.3B	1.4B	1.5B	1.2B	1.7B	1.9B	2.1B	2.2B	2.4B
Short-term debt	218.7M	263M	269M	404M	311M	314M	327M	373M	367M	353M
Total current liabilities	2B	2B	2.1B	2.4B	2B	2.5B	2.8B	3.1B	3.3B	3.6B
Long-term debt	3.7B	3.6B	3.4B	4.7B	5.9B	5.2B	5B	4.8B	5.1B	5.4B
Total liabilities	6.4B	6.3B	6B	7.6B	8.4B	8.3B	8.3B	8.4B	8.9B	9.6B
Shareholders' equity	2.5B	2.8B	3.2B	3.7B	4B	4.3B	4.5B	4.7B	4.5B	4.3B
Total debt	3.9B	3.9B	3.6B	5.1B	6.2B	5.5B	5.3B	5.2B	5.4B	5.7B
Net debt	3.8B	3.8B	3.5B	5B	5.4B	5.3B	5.1B	4.9B	5.4B	5.7B

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	346M	269M	267M	405M	81M	59M	101M	61M	56M	41M	49M	56M
Receivables	1.9B	1.9B	2B	2B	2.1B	2B	2.1B	2.1B	2.2B	2B	2.2B	2.2B
Inventory	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.5B	1.6B	1.7B	1.7B	1.7B	1.7B
Total current assets	4.2B	4B	4.2B	4.3B	4.1B	4B	4.1B	4.2B	4.4B	4.2B	4.4B	4.4B
Property, plant & equipment	—	508M	—	—	—	580M	—	—	—	770M	—	—
Goodwill & intangibles	13B	13B	13B	13.3B	13.3B	13.2B	13.2B	13.2B	13.1B	13.2B	13.1B	13.1B
Total assets	13.3B	13.2B	13.4B	13.7B	13.5B	13.4B	13.7B	13.8B	14B	13.9B	14.2B	14.3B
Accounts payable	2.2B	2.1B	2.3B	2.3B	2.4B	2.2B	2.4B	2.5B	2.7B	2.4B	2.7B	2.8B
Short-term debt	326M	373M	314M	311M	297M	367M	322M	299M	285M	353M	300M	318M
Total current liabilities	3.3B	3.1B	3.2B	3.4B	3.5B	3.3B	3.5B	3.6B	3.8B	3.6B	3.8B	3.9B
Long-term debt	4.6B	4.8B	4.6B	4.6B	4.7B	5.1B	4.7B	4.7B	4.8B	5.4B	5B	5.1B
Total liabilities	8.6B	8.4B	8.6B	8.7B	8.9B	8.9B	9B	9.2B	9.6B	9.6B	9.8B	10.1B
Shareholders' equity	4.7B	4.7B	4.8B	5B	4.6B	4.5B	4.6B	4.6B	4.5B	4.3B	4.3B	4.3B
Total debt	4.9B	5.2B	4.9B	4.9B	5B	5.4B	5B	5B	5.1B	5.7B	5.3B	5.4B
Net debt	4.6B	4.9B	4.6B	4.5B	4.9B	5.4B	4.9B	5B	5.1B	5.7B	5.3B	5.3B

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	210M	444M	407M	385M	-226M	164M	265M	506M	494M	676M
Depreciation & amortization	421M	378M	340M	362M	422M	378M	372M	395M	438M	462M
Stock-based compensation	18M	21M	28M	32M	40M	48M	45M	56M	63M	83M
Change in working capital	52M	-10M	-64M	-59M	196M	-328M	23M	104M	14M	-18M
Operating cash flow	626M	716M	763M	734M	397M	315M	734M	1.1B	1B	1.4B
Capital expenditure	-147M	-196M	-232M	-249M	-145M	-267M	-255M	-299M	-338M	—
Investing cash flow	-762M	-356M	-232M	-2B	-1.1B	-262M	-255M	-495M	-552M	-93M
Dividends paid	-666M	0	0	0	0	-28M	-37M	-7M	0	0
Share repurchases	-11M	-281M	0	0	—	0	-14M	-294M	-948M	-976M
Financing cash flow	-183M	-439M	-429M	1.2B	1.4B	-872M	-484M	-637M	-874M	-924M
Net change in cash	-319M	-79M	102M	-71M	693M	-819M	-5M	-45M	-418M	352M
Free cash flow	385M	528M	374M	502M	224M	145M	500M	831M	833M	959M

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	95M	147M	82M	198M	148M	66M	115M	224M	153M	184M	116M	275M
Depreciation & amortization	97M	105M	105M	108M	114M	111M	112M	115M	118M	117M	119M	118M
Stock-based compensation	15M	13M	15M	15M	16M	17M	22M	23M	19M	19M	22M	32M
Change in working capital	-7M	-84M	28M	87M	-87M	-14M	136M	-33M	-81M	-40M	114M	-41M
Operating cash flow	208M	188M	238M	394M	173M	204M	396M	334M	351M	293M	294M	431M
Capital expenditure	-53M	-140M	-86M	-68M	-79M	-105M	-83M	—	—	—	—	—
Investing cash flow	-195M	-194M	-86M	-282M	-79M	-105M	-130M	-2M	0	-44M	0	-2M
Dividends paid	0	0	0	0	0	0	—	—	—	—	—	—
Share repurchases	-27M	-65M	-13M	-41M	-574M	-320M	-23M	-247M	-332M	-374M	-75M	-370M
Financing cash flow	-127M	-96M	-65M	-75M	-525M	-209M	-226M	-313M	-249M	-136M	-203M	-359M
Net change in cash	-114M	-102M	87M	37M	-431M	-110M	40M	19M	102M	113M	91M	70M
Free cash flow	223M	63M	52M	413M	190M	178M	307M	257M	236M	159M	196M	355M

US Foods Holding Corp 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