Aramark (ARMK) Financials

$40.03 -0.09 (-0.21%)

Closing price 06/20/2025 03:59 PM Eastern

Extended Trading

$40.16 +0.12 (+0.30%)

As of 06/20/2025 07:28 PM Eastern

Annual Income Statements for Aramark

This table shows Aramark's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/2/2015	9/30/2016	9/29/2017	9/28/2018	9/27/2019	10/2/2020	10/1/2021	9/30/2022	9/29/2023	9/27/2024
Net Income / (Loss) Attributable to Common Shareholders	236	288	374	568	449	-462	-91	195	675	263
Consolidated Net Income / (Loss)	237	288	374	568	448	-461	-92	194	674	263
Net Income / (Loss) Continuing Operations	237	288	374	568	15,417	-461	-92	39	447	262
Total Pre-Tax Income	342	431	521	472	556	-648	-133	47	564	365
Total Operating Income	628	746	802	818	891	-265	191	415	625	707
Total Gross Profit	1,449	1,525	1,609	1,792	16,227	836	1,089	1,072	1,309	1,426
Total Revenue	14,329	14,416	14,604	15,790	16,227	12,830	12,096	13,687	16,083	17,401
Operating Revenue	14,329	14,416	14,604	15,790	16,227	12,830	12,096	13,687	16,083	17,401
Total Cost of Revenue	12,880	12,890	12,995	13,998	0.00	11,994	11,007	12,616	14,775	15,975
Operating Cost of Revenue	12,880	12,890	12,995	13,998	-	11,994	11,007	12,616	14,775	15,975
Total Operating Expenses	821	779	807	973	367	1,101	897	656	684	719
Selling, General & Admin Expense	317	283	299	377	367	307	347	258	274	284
Depreciation Expense	504	496	508	596	-	595	551	398	410	436
Total Other Income / (Expense), net	-286	-315	-281	-347	-335	-383	-324	-368	-62	-342
Interest & Investment Income	-	-	-	-	0.00	0.00	138	-368	-437	-367
Other Income / (Expense), net	-	-	0.00	-	0.00	0.00	-61	0.00	376	25
Income Tax Expense	105	143	146	-97	108	-186	-41	8.43	116	103
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	155	226	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	1.03	0.43	0.26	0.56	-0.08	0.09	-1.39	-0.31	-0.58	-0.63
Basic Earnings per Share	$0.99	$1.19	$1.53	$2.31	-	($1.83)	($0.36)	$0.76	$2.59	$1.00
Weighted Average Basic Shares Outstanding	237.62M	242.29M	244.45M	245.77M	246.85M	251.83M	254.75M	257.31M	260.59M	263.05M
Diluted Earnings per Share	$0.96	$1.16	$1.49	$2.24	-	($1.83)	($0.36)	$0.75	$2.57	$0.99
Weighted Average Diluted Shares Outstanding	246.62M	248.76M	251.56M	253.35M	252.01M	251.83M	254.75M	259.07M	262.59M	266.20M
Weighted Average Basic & Diluted Shares Outstanding	238.30M	244.75M	245.04M	246.73M	249.43M	253.14M	256.04M	258.74M	261.51M	263.95M
Cash Dividends to Common per Share	-	-	-	-	$0.44	$0.44	$0.44	$0.44	$0.44	$0.38

This table shows Aramark's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/30/2022	12/30/2022	3/31/2023	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025
Net Income / (Loss) Attributable to Common Shareholders	76	74	56	338	206	29	54	58	123	106	62
Consolidated Net Income / (Loss)	76	76	56	338	203	29	53	58	122	106	62
Net Income / (Loss) Continuing Operations	-80	38	14	287	108	29	53	58	122	106	62
Total Pre-Tax Income	-109	51	12	396	105	52	73	80	160	141	84
Total Operating Income	-15	152	125	133	215	167	159	162	219	217	174
Total Gross Profit	-54	322	295	299	393	4,408	331	335	397	4,552	360
Total Revenue	1,751	3,914	3,916	4,053	4,200	4,408	4,200	4,376	4,417	4,552	4,279
Operating Revenue	1,751	3,914	3,916	4,053	4,200	4,408	4,200	4,376	4,417	4,552	4,279
Total Cost of Revenue	1,805	3,592	3,621	3,755	3,807	0.00	3,869	4,041	4,020	0.00	3,920
Operating Cost of Revenue	1,805	3,592	3,621	3,755	3,807	-	3,869	4,041	4,020	-	3,920
Total Operating Expenses	-40	170	169	166	178	4,241	172	174	178	4,335	185
Selling, General & Admin Expense	-37	68	66	65	75	90	63	65	65	70	68
Depreciation Expense	-2.80	103	103	101	103	106	109	108	113	113	117
Total Other Income / (Expense), net	-94	-101	-114	264	-111	-115	-86	-81	-59	-76	-90
Interest & Investment Income	-	-	-	-	-	-115	-	-	-	-76	-90
Income Tax Expense	-29	13	-2.34	110	-3.55	24	20	22	37	36	22
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.35	-0.50	-0.16	0.07	0.01	-0.02	-0.45	-0.01	-0.16	0.08	0.12
Basic Earnings per Share	$0.30	$0.29	$0.21	$1.30	$0.79	$0.11	$0.20	$0.22	$0.47	$0.40	$0.23
Weighted Average Basic Shares Outstanding	257.31M	259.45M	260.67M	260.92M	260.59M	262.05M	262.84M	263.39M	263.05M	264.88M	264.81M
Diluted Earnings per Share	$0.30	$0.28	$0.21	$1.29	$0.79	$0.11	$0.20	$0.22	$0.47	$0.39	$0.23
Weighted Average Diluted Shares Outstanding	259.07M	261.41M	262.54M	262.75M	262.59M	264.29M	265.28M	266.58M	266.20M	268.69M	267.42M
Weighted Average Basic & Diluted Shares Outstanding	258.74M	260.51M	260.61M	261.05M	261.51M	262.45M	262.99M	263.45M	263.95M	265.10M	262.07M
Cash Dividends to Common per Share	$0.11	$0.11	$0.11	$0.11	$0.11	$0.10	$0.10	$0.10	$0.10	$0.11	$0.11

This table details how cash moves in and out of Aramark's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/2/2015	9/30/2016	9/29/2017	9/28/2018	9/27/2019	10/2/2020	10/1/2021	9/30/2022	9/29/2023	9/27/2024
Net Change in Cash & Equivalents	11	30	86	-24	32	2,263	-1,977	-222	1,643	-1,240
Net Cash From Operating Activities	802	867	1,053	1,052	984	177	657	464	512	727
Net Cash From Continuing Operating Activities	802	867	1,053	1,052	984	177	657	464	512	727
Net Income / (Loss) Continuing Operations	237	288	374	568	448	-461	-92	39	447	262
Depreciation Expense	504	496	508	596	593	595	551	398	410	436
Non-Cash Adjustments To Reconcile Net Income	66	57	65	88	-124	245	-107	25	-389	-83
Changes in Operating Assets and Liabilities, net	-5.23	26	105	-201	67	-202	306	1.72	44	112
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-	-	-	-	0.00
Net Cash From Investing Activities	-504	-680	-678	-2,865	-210	-361	-634	-745	224	-416
Net Cash From Continuing Investing Activities	-504	-680	-678	-2,865	-210	-361	-634	-745	224	-416
Purchase of Property, Plant & Equipment	-524	-546	-555	-912	-503	-419	-408	-312	-384	-427
Acquisitions	-3.38	-177	-148	-1,995	-45	-22	-266	-387	-54	-183
Purchase of Investments	-	-	-	-	-	0.00	0.00	-78	-110	-113
Sale of Property, Plant & Equipment	19	27	19	10	18	54	32	16	18	24
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	0.00	713	288
Other Investing Activities, net	4.30	5.34	-2.54	-6.88	27	26	6.72	16	40	-3.76
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	-	-	-	0.00
Net Cash From Financing Activities	-287	-157	-289	1,794	-735	2,438	-2,005	-35	660	-1,561
Net Cash From Continuing Financing Activities	-287	-157	-289	1,794	-735	2,438	-2,005	-35	660	-1,561
Repayment of Debt	-267	-1,500	-3,968	-1,277	-693	-1,090	-2,513	-64	-2,015	-2,069
Payment of Dividends	-82	-92	-101	-103	-108	-111	-112	-113	-115	-100
Issuance of Debt	72	1,400	3,851	3,177	78	3,555	578	100	1,287	571
Issuance of Common Equity	40	36	29	22	39	90	42	43	46	37
Net Cash From Discontinued Financing Activities	-	-	-	-	-	-	-	-	-	0.00
Effect of Exchange Rate Changes	-	-	0.56	-	-	-	-	-29	4.70	11
Other Net Changes in Cash	-	-	-	-4.52	-8.20	9.46	6.05	123	243	0.00

This table details how cash moves in and out of Aramark's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/30/2022	12/30/2022	3/31/2023	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025
Net Change in Cash & Equivalents	-128	-23	-7.84	112	1,561	-1,629	70	81	237	-194	436
Net Cash From Operating Activities	606	-616	253	-53	927	-657	221	141	1,022	-587	256
Net Cash From Continuing Operating Activities	606	-616	253	-53	927	-657	221	141	1,022	-587	256
Net Income / (Loss) Continuing Operations	-80	38	14	287	108	29	53	58	122	106	62
Consolidated Net Income / (Loss)	-	-	-	-	-	29	-	-	-	106	62
Depreciation Expense	-2.80	103	103	101	103	106	109	108	113	113	117
Non-Cash Adjustments To Reconcile Net Income	-7.32	5.02	-23	-377	6.13	-31	-38	8.19	-22	-46	-10
Changes in Operating Assets and Liabilities, net	696	-761	160	-64	709	-760	97	-34	809	-760	87
Net Cash From Investing Activities	-104	-71	-133	528	-100	-198	-92	-90	-36	-231	-252
Net Cash From Continuing Investing Activities	-104	-71	-133	528	-100	-198	-92	-90	-36	-231	-252
Purchase of Property, Plant & Equipment	-52	-89	-82	-88	-125	-116	-87	-85	-139	-120	-116
Acquisitions	20	-3.51	-28	-18	-4.69	-83	-9.40	-14	-77	-111	-136
Sale of Property, Plant & Equipment	1.84	3.35	4.62	4.99	5.10	4.42	6.37	6.44	6.72	2.07	1.10
Other Investing Activities, net	4.67	18	1.74	-4.16	25	-3.45	-1.41	2.70	-1.60	-1.69	-0.50
Net Cash From Financing Activities	-738	663	-176	-410	583	-779	-54	32	-761	643	424
Net Cash From Continuing Financing Activities	-738	663	-176	-410	583	-779	-54	32	-761	643	424
Repayment of Debt	11	361	-25	-1,767	-583	-987	-31	-31	-1,020	478	-1,952
Payment of Dividends	-28	-29	-29	-29	-29	-25	-25	-25	-25	-28	-28
Issuance of Debt	-728	302	-127	1,376	-264	228	-8.99	79	273	181	2,508
Issuance of Common Equity	7.68	28	4.48	9.66	3.26	4.50	11	9.29	12	12	4.40
Cash Interest Paid	-	114	88	120	-	111	84	72	-	65	96
Cash Income Taxes Paid	-	12	11	15	-	45	32	13	-	11	70

This table presents Aramark's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/2/2015	9/30/2016	9/29/2017	9/28/2018	9/27/2019	10/2/2020	10/1/2021	9/30/2022	9/29/2023	9/27/2024
Total Assets	10,196	10,582	11,006	13,720	13,736	15,713	14,376	15,082	16,871	12,674
Total Current Assets	2,379	2,493	2,653	2,901	2,658	4,676	2,899	3,292	5,220	3,407
Cash & Equivalents	122	153	239	215	247	2,509	533	329	1,927	672
Accounts Receivable	1,445	1,476	1,616	1,790	1,807	1,431	1,749	2,148	1,971	2,097
Inventories, net	575	587	611	725	411	436	413	552	404	388
Prepaid Expenses	237	276	188	171	193	299	205	262	298	250
Plant, Property, & Equipment, net	959	1,023	1,042	1,378	2,182	2,051	2,038	2,032	1,426	1,573
Total Noncurrent Assets	6,858	7,066	7,311	9,441	8,896	8,986	9,439	9,758	10,225	7,695
Goodwill	4,559	4,629	4,716	5,611	5,519	5,344	5,487	5,515	4,616	4,677
Intangible Assets	1,112	1,112	1,121	2,137	2,034	1,933	2,029	2,114	1,804	1,805
Other Noncurrent Operating Assets	1,187	1,326	1,475	1,693	1,344	1,710	1,923	2,130	1,301	1,213
Total Liabilities & Shareholders' Equity	10,196	10,582	11,006	13,720	13,736	15,713	14,376	15,082	16,871	12,674
Total Liabilities	8,303	8,411	8,537	10,680	10,406	12,967	11,644	12,044	13,150	9,628
Total Current Liabilities	2,181	2,185	2,368	2,490	2,705	2,347	2,857	3,286	5,030	4,214
Short-Term Debt	81	47	78	31	70	100	59	65	1,543	964
Accounts Payable	850	848	956	1,019	1,000	663	919	1,323	1,272	1,394
Accrued Expenses	727	776	846	1,018	1,126	940	1,135	1,172	1,288	1,283
Current Employee Benefit Liabilities	523	515	488	422	510	572	677	657	480	519
Other Current Liabilities	-	-	-	-	0.00	72	67	69	51	54
Total Noncurrent Liabilities	6,122	6,227	6,169	8,190	7,701	10,619	8,787	8,758	8,120	5,414
Long-Term Debt	5,185	5,224	5,190	7,213	6,612	9,179	7,393	7,346	5,099	4,307
Noncurrent Deferred & Payable Income Tax Liabilities	937	1,003	979	977	1,089	1,099	1,079	1,107	411	375
Other Noncurrent Operating Liabilities	-	-	-	-	0.00	342	314	306	749	731
Commitments & Contingencies	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	10	9.79	9.80	10	9.92	9.99	9.05	8.84	8.22	7.49
Total Equity & Noncontrolling Interests	1,883	2,161	2,459	3,030	3,320	2,736	2,723	3,030	3,713	3,039
Total Preferred & Common Equity	1,883	2,161	2,459	3,030	3,320	2,736	2,723	3,030	3,713	3,039
Total Common Equity	1,883	2,161	2,459	3,030	3,320	2,736	2,723	3,030	3,713	3,039
Common Stock	2,787	2,924	3,017	3,135	3,239	3,419	3,536	3,685	3,829	3,935
Retained Earnings	-229	-34	247	711	1,107	532	328	407	964	240
Accumulated Other Comprehensive Income / (Loss)	-167	-181	-124	-91	-217	-307	-208	-112	-98	-132
Other Equity Adjustments	-	-	-	-	-	-	-933	-951	-982	-1,003

This table presents Aramark's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	7/1/2022	12/30/2022	3/31/2023	6/30/2023	12/29/2023	3/29/2024	6/28/2024	12/27/2024	3/28/2025
Total Assets	14,989	15,291	15,456	15,398	12,419	12,561	12,549	12,707	13,489
Total Current Assets	3,198	3,435	3,597	3,726	3,167	3,328	3,330	3,295	3,840
Cash & Equivalents	439	305	303	402	296	357	436	484	920
Accounts Receivable	2,052	2,300	2,354	2,406	2,199	2,221	2,200	2,201	2,232
Inventories, net	515	570	610	593	368	388	370	367	406
Prepaid Expenses	192	260	331	324	305	363	324	243	282
Plant, Property, & Equipment, net	2,017	2,032	2,015	2,037	1,490	1,491	1,494	1,603	1,650
Total Noncurrent Assets	9,774	9,823	9,844	9,634	7,762	7,742	7,725	7,809	8,000
Goodwill	5,551	5,554	5,582	5,594	4,661	4,635	4,641	4,714	4,810
Intangible Assets	2,151	2,090	2,092	2,082	1,824	1,821	1,802	1,826	1,899
Other Noncurrent Operating Assets	2,072	2,179	2,171	1,958	1,276	1,286	1,281	1,270	1,290
Total Liabilities & Shareholders' Equity	14,989	15,291	15,456	15,398	12,419	12,561	12,549	12,707	13,489
Total Liabilities	12,064	12,139	12,265	11,838	9,565	9,662	9,597	9,615	10,456
Total Current Liabilities	2,560	2,684	2,968	2,876	2,489	2,658	3,453	3,497	3,184
Short-Term Debt	78	103	110	111	42	42	943	943	424
Accounts Payable	908	1,093	1,138	1,049	1,096	1,097	1,042	1,105	1,135
Accrued Expenses	1,503	1,420	1,651	1,647	934	1,036	973	1,034	1,130
Current Employee Benefit Liabilities	-	-	-	-	367	433	444	361	437
Other Current Liabilities	71	69	69	70	50	50	51	54	57
Total Noncurrent Liabilities	9,504	9,455	9,297	8,962	7,075	7,004	6,144	6,118	7,272
Long-Term Debt	8,085	8,056	7,907	7,536	5,930	5,879	5,034	4,977	6,109
Noncurrent Deferred & Payable Income Tax Liabilities	1,101	1,097	1,080	1,122	400	390	376	397	382
Other Noncurrent Operating Liabilities	318	302	310	304	745	735	733	745	781
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	9.16	8.28	8.10	8.17	8.13	7.73	7.74	9.74	14
Total Equity & Noncontrolling Interests	2,915	3,143	3,183	3,551	2,847	2,891	2,944	3,082	3,020
Total Preferred & Common Equity	2,915	3,143	3,183	3,551	2,847	2,891	2,944	3,082	3,020
Total Common Equity	2,915	3,143	3,183	3,551	2,847	2,891	2,944	3,082	3,020
Common Stock	3,646	3,743	3,770	3,802	3,851	3,878	3,906	3,962	3,983
Retained Earnings	359	450	478	787	79	111	144	315	350
Accumulated Other Comprehensive Income / (Loss)	-149	-83	-96	-66	-89	-100	-105	-161	-166
Other Equity Adjustments	-	-966	-969	-972	-994	-998	-1,002	-1,035	-1,146

This table displays calculated financial ratios and metrics derived from Aramark's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/2/2015	9/30/2016	9/29/2017	9/28/2018	9/27/2019	10/2/2020	10/1/2021	9/30/2022	9/29/2023	9/27/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.40%	0.61%	1.31%	8.12%	2.77%	-20.94%	-5.72%	13.16%	17.50%	8.19%
EBITDA Growth	4.22%	9.73%	5.46%	8.00%	4.89%	-77.74%	106.27%	19.39%	73.46%	-17.28%
EBIT Growth	11.22%	18.85%	7.41%	2.09%	8.89%	-129.73%	149.29%	218.11%	140.98%	-26.92%
NOPAT Growth	18.42%	14.72%	15.42%	71.12%	-27.11%	-125.81%	172.27%	154.60%	45.34%	2.26%
Net Income Growth	58.56%	21.63%	29.82%	51.91%	-21.11%	-202.89%	80.01%	310.89%	246.61%	-61.06%
EPS Growth	52.38%	20.83%	28.45%	50.34%	0.00%	0.00%	80.01%	310.89%	246.61%	-61.48%
Operating Cash Flow Growth	101.48%	8.12%	21.39%	-0.09%	-6.43%	-82.05%	271.90%	-29.40%	10.29%	42.00%
Free Cash Flow Firm Growth	403.67%	-46.07%	47.53%	-533.00%	164.49%	-93.65%	-103.67%	-5,250.52%	2,497.21%	-85.90%
Invested Capital Growth	-0.35%	3.57%	2.89%	34.27%	-3.01%	-2.56%	1.43%	4.85%	-25.22%	1.02%
Revenue Q/Q Growth	-2.73%	-0.01%	0.76%	1.67%	0.23%	-8.94%	7.65%	-11.62%	-1.17%	-12.80%
EBITDA Q/Q Growth	0.25%	2.80%	1.95%	6.87%	-5.18%	-47.10%	28.91%	-26.18%	34.83%	-22.36%
EBIT Q/Q Growth	1.46%	5.14%	2.65%	9.12%	-7.64%	-853.40%	475.08%	-26.15%	64.69%	-22.26%
NOPAT Q/Q Growth	2.27%	5.06%	4.43%	13.58%	-13.51%	-853.40%	649.91%	-22.56%	9.99%	-32.11%
Net Income Q/Q Growth	5.66%	10.01%	8.63%	12.33%	-16.74%	-103.25%	66.52%	27.12%	23.36%	-23.38%
EPS Q/Q Growth	5.49%	9.43%	8.76%	11.44%	0.00%	0.00%	66.52%	27.12%	23.36%	-24.43%
Operating Cash Flow Q/Q Growth	39.95%	-17.80%	16.21%	40.41%	-11.69%	-74.80%	35.39%	64.92%	21.39%	-18.03%
Free Cash Flow Firm Q/Q Growth	32.89%	-51.90%	87.28%	20.78%	-3.83%	-89.29%	98.46%	61.34%	931.87%	-85.94%
Invested Capital Q/Q Growth	-4.60%	-0.65%	-2.52%	-4.65%	-5.45%	-2.39%	-2.30%	-4.96%	-29.95%	-9.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.11%	10.58%	11.02%	11.35%	100.00%	6.52%	9.00%	7.83%	8.14%	8.19%
EBITDA Margin	7.90%	8.62%	8.97%	8.96%	9.14%	2.57%	5.63%	5.94%	8.77%	6.71%
Operating Margin	4.38%	5.18%	5.49%	5.18%	5.49%	-2.06%	1.58%	3.03%	3.89%	4.06%
EBIT Margin	4.38%	5.18%	5.49%	5.18%	5.49%	-2.06%	1.08%	3.03%	6.22%	4.20%
Profit (Net Income) Margin	1.65%	2.00%	2.56%	3.60%	2.76%	-3.60%	-0.76%	1.42%	4.19%	1.51%
Tax Burden Percent	69.29%	66.89%	71.87%	120.46%	80.63%	71.24%	69.41%	411.92%	119.62%	71.95%
Interest Burden Percent	54.46%	57.74%	64.95%	57.66%	62.41%	244.50%	-101.74%	11.37%	56.30%	49.87%
Effective Tax Rate	30.71%	33.11%	28.13%	-20.46%	19.37%	0.00%	0.00%	17.86%	20.66%	28.22%
Return on Invested Capital (ROIC)	6.17%	6.97%	7.79%	11.22%	7.25%	-1.92%	1.40%	3.45%	5.61%	6.67%
ROIC Less NNEP Spread (ROIC-NNEP)	2.39%	2.86%	3.81%	4.30%	3.23%	-6.10%	-1.91%	1.36%	8.87%	0.87%
Return on Net Nonoperating Assets (RNNOA)	6.92%	7.21%	8.34%	9.41%	6.84%	-13.27%	-4.77%	3.29%	14.34%	1.09%
Return on Equity (ROE)	13.09%	14.18%	16.13%	20.64%	14.08%	-15.19%	-3.37%	6.74%	19.95%	7.76%
Cash Return on Invested Capital (CROIC)	6.52%	3.46%	4.95%	-18.04%	10.30%	0.67%	-0.02%	-1.29%	34.46%	5.65%
Operating Return on Assets (OROA)	6.08%	7.18%	7.43%	6.62%	6.49%	-1.80%	0.87%	2.82%	6.27%	4.95%
Return on Assets (ROA)	2.29%	2.77%	3.47%	4.60%	3.27%	-3.13%	-0.61%	1.32%	4.22%	1.78%
Return on Common Equity (ROCE)	13.02%	14.11%	16.06%	20.56%	14.04%	-15.14%	-3.36%	6.72%	19.90%	7.74%
Return on Equity Simple (ROE_SIMPLE)	12.58%	13.34%	15.22%	18.76%	13.51%	-16.87%	-3.39%	6.42%	18.16%	8.64%
Net Operating Profit after Tax (NOPAT)	435	499	576	986	719	-185	134	341	496	507
NOPAT Margin	3.04%	3.46%	3.94%	6.24%	4.43%	-1.45%	1.11%	2.49%	3.08%	2.91%
Net Nonoperating Expense Percent (NNEP)	3.78%	4.11%	3.98%	6.92%	4.01%	4.18%	3.31%	2.10%	-3.26%	5.79%
Cost of Revenue to Revenue	89.89%	89.42%	88.98%	88.65%	0.00%	93.48%	91.00%	92.17%	91.86%	91.81%
SG&A Expenses to Revenue	2.21%	1.97%	2.05%	2.39%	2.26%	2.39%	2.87%	1.89%	1.70%	1.63%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.73%	5.40%	5.53%	6.16%	2.26%	8.58%	7.42%	4.80%	4.25%	4.13%
Earnings before Interest and Taxes (EBIT)	628	746	802	818	891	-265	131	415	1,001	732
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,132	1,242	1,310	1,415	1,484	330	681	813	1,411	1,167
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.52	3.89	3.71	3.25	3.01	2.43	3.24	2.59	2.41	3.33
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.46	0.58	0.63	0.62	0.61	0.52	0.73	0.57	0.56	0.58
Price to Earnings (P/E)	28.07	29.24	24.43	17.31	22.25	0.00	0.00	40.32	13.27	38.48
Dividend Yield	1.25%	1.10%	1.11%	1.05%	1.09%	1.68%	1.28%	1.81%	1.28%	0.99%
Earnings Yield	3.56%	3.42%	4.09%	5.78%	4.50%	0.00%	0.00%	2.48%	7.54%	2.60%
Enterprise Value to Invested Capital (EV/IC)	1.67	1.86	1.89	1.68	1.68	1.41	1.63	1.48	1.81	1.93
Enterprise Value to Revenue (EV/Rev)	0.82	0.94	0.97	1.07	1.01	1.05	1.30	1.09	0.85	0.85
Enterprise Value to EBITDA (EV/EBITDA)	10.40	10.90	10.82	11.93	11.07	40.63	23.10	18.37	9.69	12.62
Enterprise Value to EBIT (EV/EBIT)	18.75	18.15	17.68	20.62	18.43	0.00	120.53	35.98	13.66	20.14
Enterprise Value to NOPAT (EV/NOPAT)	27.06	27.13	24.60	17.11	22.86	0.00	117.45	43.80	27.57	29.05
Enterprise Value to Operating Cash Flow (EV/OCF)	14.68	15.62	13.46	16.04	16.69	75.96	23.95	32.21	26.72	20.28
Enterprise Value to Free Cash Flow (EV/FCFF)	25.61	54.61	38.74	0.00	16.08	207.01	0.00	0.00	4.49	34.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.78	2.43	2.13	2.38	2.01	3.38	2.73	2.44	1.78	1.73
Long-Term Debt to Equity	2.74	2.41	2.10	2.37	1.99	3.34	2.71	2.42	1.37	1.41
Financial Leverage	2.89	2.52	2.19	2.19	2.11	2.17	2.50	2.43	1.62	1.25
Leverage Ratio	5.70	5.11	4.65	4.49	4.31	4.85	5.49	5.11	4.73	4.37
Compound Leverage Factor	3.11	2.95	3.02	2.59	2.69	11.85	-5.59	0.58	2.66	2.18
Debt to Total Capital	73.55%	70.83%	68.09%	70.44%	66.74%	77.16%	73.17%	70.92%	64.09%	63.37%
Short-Term Debt to Total Capital	1.14%	0.63%	1.01%	0.30%	0.70%	0.83%	0.58%	0.62%	14.89%	11.59%
Long-Term Debt to Total Capital	72.42%	70.20%	67.08%	70.14%	66.04%	76.33%	72.60%	70.30%	49.20%	51.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.14%	0.13%	0.13%	0.10%	0.10%	0.08%	0.09%	0.08%	0.08%	0.09%
Common Equity to Total Capital	26.31%	29.04%	31.78%	29.46%	33.16%	22.75%	26.74%	28.99%	35.83%	36.54%
Debt to EBITDA	4.65	4.24	4.02	5.12	4.50	28.09	10.94	9.11	4.71	4.52
Net Debt to EBITDA	4.54	4.12	3.84	4.97	4.34	20.50	10.16	8.71	3.34	3.94
Long-Term Debt to EBITDA	4.58	4.21	3.96	5.10	4.46	27.79	10.85	9.03	3.61	3.69
Debt to NOPAT	12.10	10.56	9.14	7.35	9.30	-50.03	55.61	21.72	13.39	10.39
Net Debt to NOPAT	11.82	10.25	8.73	7.13	8.96	-36.50	51.64	20.75	9.51	9.07
Long-Term Debt to NOPAT	11.92	10.46	9.01	7.32	9.20	-49.50	55.17	21.53	10.28	8.49
Altman Z-Score	2.08	2.23	2.27	2.01	2.08	1.29	1.36	1.43	1.65	2.14
Noncontrolling Interest Sharing Ratio	0.55%	0.49%	0.42%	0.36%	0.31%	0.33%	0.35%	0.31%	0.25%	0.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.09	1.14	1.12	1.17	0.98	1.99	1.01	1.00	1.04	0.81
Quick Ratio	0.72	0.75	0.78	0.81	0.76	1.68	0.80	0.75	0.77	0.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	460	248	366	-1,584	1,022	65	-2.38	-127	3,048	430
Operating Cash Flow to CapEx	158.77%	167.21%	196.39%	116.67%	202.84%	48.48%	175.06%	156.93%	139.99%	180.06%
Free Cash Flow to Firm to Interest Expense	1.61	0.79	1.30	-4.57	3.05	0.17	-0.01	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	2.81	2.75	3.75	3.04	2.94	0.46	1.64	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	1.04	1.11	1.84	0.43	1.49	-0.49	0.70	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.39	1.39	1.35	1.28	1.18	0.87	0.80	0.93	1.01	1.18
Accounts Receivable Turnover	9.47	9.87	9.45	9.27	9.02	7.92	7.61	7.03	7.81	8.56
Inventory Turnover	22.82	22.18	21.70	20.96	0.00	28.29	25.93	26.14	30.91	40.38
Fixed Asset Turnover	14.65	14.54	14.14	13.05	9.12	6.06	5.92	6.73	9.30	11.60
Accounts Payable Turnover	14.03	15.19	14.41	14.18	0.00	14.42	13.91	11.25	11.39	11.98
Days Sales Outstanding (DSO)	38.55	36.98	38.64	39.37	40.46	46.06	47.98	51.96	46.74	42.66
Days Inventory Outstanding (DIO)	16.00	16.46	16.82	17.41	0.00	12.90	14.08	13.96	11.81	9.04
Days Payable Outstanding (DPO)	26.02	24.03	25.33	25.75	0.00	25.30	26.24	32.43	32.05	30.46
Cash Conversion Cycle (CCC)	28.53	29.40	30.14	31.04	40.46	33.66	35.82	33.48	26.49	21.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,037	7,288	7,499	10,069	9,765	9,515	9,652	10,120	7,568	7,645
Invested Capital Turnover	2.03	2.01	1.98	1.80	1.64	1.33	1.26	1.38	1.82	2.29
Increase / (Decrease) in Invested Capital	-25	251	210	2,570	-303	-250	136	468	-2,552	77
Enterprise Value (EV)	11,776	13,544	14,174	16,872	16,424	13,421	15,739	14,945	13,673	14,733
Market Capitalization	6,622	8,417	9,134	9,833	9,979	6,641	8,810	7,854	8,950	10,127
Book Value per Share	$7.87	$8.86	$10.03	$12.29	$13.45	$10.82	$10.67	$11.76	$14.22	$11.54
Tangible Book Value per Share	($15.82)	($14.68)	($13.78)	($19.14)	($17.14)	($17.95)	($18.78)	($17.85)	($10.37)	($13.07)
Total Capital	7,159	7,441	7,737	10,284	10,012	12,024	10,184	10,449	10,363	8,318
Total Debt	5,266	5,270	5,268	7,244	6,682	9,278	7,452	7,411	6,642	5,271
Total Long-Term Debt	5,185	5,224	5,190	7,213	6,612	9,179	7,393	7,346	5,099	4,307
Net Debt	5,144	5,117	5,030	7,029	6,436	6,769	6,920	7,081	4,715	4,599
Capital Expenditures (CapEx)	505	519	536	902	485	364	375	296	365	403
Debt-free, Cash-free Net Working Capital (DFCFNWC)	157	202	124	227	-224	-81	-432	-258	-194	-516
Debt-free Net Working Capital (DFNWC)	280	354	363	442	23	2,428	100	71	1,733	157
Net Working Capital (NWC)	198	308	285	411	-47	2,328	41	6.10	190	-808
Net Nonoperating Expense (NNE)	198	211	202	417	270	276	226	147	-178	245
Net Nonoperating Obligations (NNO)	5,144	5,117	5,030	7,029	6,436	6,769	6,920	7,081	3,847	4,599
Total Depreciation and Amortization (D&A)	504	496	508	596	593	595	551	398	410	436
Debt-free, Cash-free Net Working Capital to Revenue	1.10%	1.40%	0.85%	1.44%	-1.38%	-0.63%	-3.57%	-1.89%	-1.21%	-2.96%
Debt-free Net Working Capital to Revenue	1.95%	2.46%	2.49%	2.80%	0.14%	18.93%	0.83%	0.52%	10.78%	0.90%
Net Working Capital to Revenue	1.38%	2.14%	1.95%	2.60%	-0.29%	18.15%	0.34%	0.04%	1.18%	-4.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.72	$0.86	$1.11	$1.67	$1.32	$0.00	$0.00	$0.55	$2.59	$1.00
Adjusted Weighted Average Basic Shares Outstanding	328.50M	334.95M	337.95M	339.77M	341.27M	348.14M	352.18M	355.73M	260.59M	263.05M
Adjusted Diluted Earnings per Share	$0.69	$0.84	$1.08	$1.62	$1.29	$0.00	$0.00	$0.54	$2.57	$0.99
Adjusted Weighted Average Diluted Shares Outstanding	340.94M	343.91M	347.77M	350.25M	348.40M	348.14M	352.18M	358.16M	262.59M	266.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	332.51M	338.37M	338.76M	341.10M	344.83M	349.95M	353.97M	357.71M	261.51M	263.95M
Normalized Net Operating Profit after Tax (NOPAT)	435	499	576	573	719	-46	134	341	496	507
Normalized NOPAT Margin	3.04%	3.46%	3.94%	3.63%	4.43%	-0.36%	1.11%	2.49%	3.08%	2.91%
Pre Tax Income Margin	2.39%	2.99%	3.57%	2.99%	3.43%	-5.05%	-1.10%	0.34%	3.50%	2.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.20	2.37	2.85	2.36	2.66	-0.69	0.33	0.00	0.00	0.00
NOPAT to Interest Expense	1.52	1.58	2.05	2.85	2.15	-0.48	0.33	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.43	0.72	0.95	-0.24	1.21	-1.64	-0.61	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-0.25	-0.06	0.14	0.24	0.70	-1.44	-0.60	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.56%	31.95%	26.94%	18.14%	24.18%	-24.03%	-121.46%	58.16%	17.00%	38.05%
Augmented Payout Ratio	55.73%	32.21%	53.67%	22.43%	35.33%	-25.45%	-121.46%	58.16%	17.00%	38.05%

This table displays calculated financial ratios and metrics derived from Aramark's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/30/2022	12/30/2022	3/31/2023	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-50.69%	-0.87%	1.44%	-1.80%	139.87%	12.62%	7.25%	7.97%	5.16%	3.27%	1.89%
EBITDA Growth	-106.47%	-7.79%	-16.68%	117.12%	1,914.93%	7.16%	17.36%	-55.75%	4.18%	21.28%	8.59%
EBIT Growth	-111.13%	8.16%	-11.71%	243.84%	1,562.63%	10.06%	26.91%	-68.20%	1.54%	30.14%	9.48%
NOPAT Growth	-108.95%	-10.42%	55.75%	-9.65%	2,260.15%	-20.01%	-22.83%	22.22%	-24.75%	78.64%	10.19%
Net Income Growth	121.09%	79.12%	57.66%	736.16%	168.10%	-62.72%	-4.63%	-82.83%	-39.72%	270.67%	16.93%
EPS Growth	121.09%	79.12%	57.66%	736.16%	168.10%	-60.71%	-4.76%	-82.95%	-40.51%	254.55%	15.00%
Operating Cash Flow Growth	43.14%	-22.32%	-32.47%	-282.99%	52.94%	-6.71%	-12.64%	367.64%	10.25%	10.64%	15.67%
Free Cash Flow Firm Growth	-2,158.67%	13.73%	37.23%	91.02%	679.68%	635.29%	635.22%	4,172.76%	-96.75%	-93.53%	-102.14%
Invested Capital Growth	4.85%	5.69%	6.11%	1.46%	-25.22%	-22.48%	-22.39%	-21.38%	1.02%	-0.04%	2.16%
Revenue Q/Q Growth	-57.57%	-10.86%	0.06%	3.50%	3.63%	4.94%	-4.72%	4.19%	0.93%	3.06%	-5.99%
EBITDA Q/Q Growth	-106.24%	-22.90%	-10.13%	166.84%	-47.81%	-14.38%	-1.57%	0.60%	22.88%	-0.33%	-11.87%
EBIT Q/Q Growth	-109.96%	-23.48%	-17.36%	305.63%	-57.62%	-22.52%	-4.71%	1.63%	35.33%	-0.70%	-19.83%
NOPAT Q/Q Growth	-109.72%	-24.28%	32.28%	-36.21%	132.36%	-59.20%	27.61%	1.03%	43.07%	-3.15%	-21.29%
Net Income Q/Q Growth	87.13%	1.39%	-26.74%	503.99%	-40.00%	-85.96%	87.30%	8.75%	110.60%	-13.65%	-41.37%
EPS Q/Q Growth	87.13%	1.39%	-26.74%	503.99%	-40.00%	-86.08%	81.82%	10.00%	113.64%	-17.02%	-41.03%
Operating Cash Flow Q/Q Growth	4,514.29%	-173.61%	141.14%	-120.75%	1,862.74%	-170.91%	133.68%	-36.42%	626.12%	-157.47%	143.59%
Free Cash Flow Firm Q/Q Growth	27.84%	-50.57%	0.28%	87.53%	4,755.50%	-7.54%	-0.29%	-5.11%	-96.28%	83.96%	-132.93%
Invested Capital Q/Q Growth	-4.96%	8.75%	-0.91%	-0.94%	-29.95%	12.72%	-0.79%	0.35%	-9.98%	11.53%	1.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	-3.10%	8.23%	7.53%	7.36%	9.37%	100.00%	7.88%	7.66%	8.99%	100.00%	8.40%
EBITDA Margin	-1.00%	6.50%	5.84%	15.05%	7.58%	6.18%	6.39%	6.17%	7.51%	7.26%	6.81%
Operating Margin	-0.84%	3.88%	3.20%	3.27%	5.13%	3.79%	3.79%	3.69%	4.95%	4.77%	4.07%
EBIT Margin	-0.84%	3.88%	3.20%	12.55%	5.13%	3.79%	3.79%	3.69%	4.95%	4.77%	4.07%
Profit (Net Income) Margin	4.33%	1.95%	1.43%	8.35%	4.84%	0.65%	1.27%	1.33%	2.77%	2.32%	1.45%
Tax Burden Percent	-69.66%	150.78%	476.82%	85.42%	193.81%	54.43%	73.51%	72.48%	76.71%	74.72%	73.37%
Interest Burden Percent	738.13%	33.45%	9.38%	77.93%	48.63%	31.38%	45.70%	49.61%	72.93%	65.11%	48.50%
Effective Tax Rate	0.00%	25.10%	-19.88%	27.65%	-3.38%	45.57%	27.10%	27.53%	23.38%	25.28%	26.63%
Return on Invested Capital (ROIC)	-0.82%	4.42%	5.92%	3.59%	9.64%	3.50%	5.60%	5.54%	8.68%	7.34%	6.15%
ROIC Less NNEP Spread (ROIC-NNEP)	0.41%	3.94%	4.67%	6.83%	9.28%	2.58%	4.66%	4.61%	7.61%	6.32%	4.97%
Return on Net Nonoperating Assets (RNNOA)	1.00%	10.25%	11.54%	15.77%	15.01%	5.81%	10.15%	9.06%	9.50%	11.80%	9.37%
Return on Equity (ROE)	0.19%	14.66%	17.47%	19.36%	24.66%	9.30%	15.75%	14.60%	18.18%	19.14%	15.52%
Cash Return on Invested Capital (CROIC)	-1.29%	-1.17%	-1.41%	2.75%	34.46%	30.41%	32.46%	31.69%	5.65%	6.67%	4.61%
Operating Return on Assets (OROA)	-0.78%	4.24%	3.47%	13.44%	5.16%	4.53%	5.31%	5.28%	5.83%	6.67%	5.51%
Return on Assets (ROA)	4.02%	2.14%	1.55%	8.95%	4.87%	0.77%	1.78%	1.90%	3.26%	3.24%	1.96%
Return on Common Equity (ROCE)	0.19%	14.62%	17.42%	19.31%	24.59%	9.28%	15.71%	14.56%	18.14%	19.08%	15.47%
Return on Equity Simple (ROE_SIMPLE)	0.00%	7.25%	7.81%	15.39%	0.00%	22.00%	21.55%	11.64%	0.00%	11.02%	11.55%
Net Operating Profit after Tax (NOPAT)	-10	114	150	96	223	91	116	117	168	162	128
NOPAT Margin	-0.59%	2.90%	3.84%	2.37%	5.30%	2.06%	2.76%	2.68%	3.80%	3.57%	2.99%
Net Nonoperating Expense Percent (NNEP)	-1.23%	0.48%	1.25%	-3.24%	0.36%	0.92%	0.94%	0.92%	1.07%	1.02%	1.18%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	1.03%	-	-	-	1.80%	1.34%
Cost of Revenue to Revenue	103.10%	91.77%	92.47%	92.64%	90.63%	0.00%	92.12%	92.34%	91.01%	0.00%	91.60%
SG&A Expenses to Revenue	-2.10%	1.73%	1.69%	1.60%	1.79%	2.05%	1.49%	1.49%	1.48%	1.55%	1.60%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	-2.26%	4.35%	4.33%	4.10%	4.24%	96.21%	4.09%	3.97%	4.04%	95.23%	4.33%
Earnings before Interest and Taxes (EBIT)	-15	152	125	508	215	167	159	162	219	217	174
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-18	254	229	610	318	272	268	270	332	330	291
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.59	3.33	2.88	3.11	2.41	3.52	2.94	3.03	3.33	3.21	3.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.57	0.64	0.56	0.68	0.56	0.60	0.43	0.45	0.58	0.56	0.51
Price to Earnings (P/E)	40.32	46.35	37.17	20.30	13.27	15.94	13.55	25.80	38.48	29.04	26.01
Dividend Yield	1.81%	1.36%	1.25%	1.04%	1.28%	1.20%	1.33%	1.07%	0.99%	1.04%	1.17%
Earnings Yield	2.48%	2.16%	2.69%	4.93%	7.54%	6.27%	7.38%	3.88%	2.60%	3.44%	3.85%
Enterprise Value to Invested Capital (EV/IC)	1.48	1.67	1.55	1.69	1.81	1.84	1.66	1.70	1.93	1.80	1.70
Enterprise Value to Revenue (EV/Rev)	1.09	1.13	1.03	1.12	0.85	0.95	0.72	0.73	0.85	0.87	0.83
Enterprise Value to EBITDA (EV/EBITDA)	18.37	16.10	15.44	17.49	9.69	14.92	9.58	9.63	12.62	12.77	12.01
Enterprise Value to EBIT (EV/EBIT)	35.98	28.66	27.09	30.12	13.66	24.54	15.42	15.38	20.14	20.25	19.03
Enterprise Value to NOPAT (EV/NOPAT)	43.80	39.20	35.25	40.60	27.57	31.69	20.04	19.38	29.05	27.11	25.47
Enterprise Value to Operating Cash Flow (EV/OCF)	32.21	31.50	36.68	43.43	26.72	33.41	20.29	16.33	20.28	19.24	17.68
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	61.97	4.49	5.29	4.47	4.73	34.29	26.93	37.25
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.44	2.59	2.51	2.15	1.78	2.09	2.04	2.03	1.73	1.91	2.15
Long-Term Debt to Equity	2.42	2.56	2.48	2.12	1.37	2.08	2.03	1.71	1.41	1.61	2.01
Financial Leverage	2.43	2.60	2.47	2.31	1.62	2.25	2.18	1.96	1.25	1.87	1.88
Leverage Ratio	5.11	5.01	4.93	4.69	4.73	4.61	4.60	4.29	4.37	4.23	4.39
Compound Leverage Factor	37.68	1.67	0.46	3.65	2.30	1.45	2.10	2.13	3.18	2.75	2.13
Debt to Total Capital	70.92%	72.14%	71.53%	68.24%	64.09%	67.66%	67.13%	66.94%	63.37%	65.69%	68.29%
Short-Term Debt to Total Capital	0.62%	0.91%	0.99%	0.99%	14.89%	0.47%	0.48%	10.56%	11.59%	10.46%	4.43%
Long-Term Debt to Total Capital	70.30%	71.23%	70.54%	67.25%	49.20%	67.19%	66.65%	56.38%	51.78%	55.23%	63.86%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.08%	0.07%	0.07%	0.07%	0.08%	0.09%	0.09%	0.09%	0.09%	0.11%	0.14%
Common Equity to Total Capital	28.99%	27.79%	28.40%	31.69%	35.83%	32.25%	32.78%	32.97%	36.54%	34.20%	31.57%
Debt to EBITDA	9.11	7.16	7.33	7.31	4.71	5.67	4.04	3.98	4.52	4.93	5.34
Net Debt to EBITDA	8.71	6.89	7.06	6.92	3.34	5.39	3.79	3.69	3.94	4.53	4.59
Long-Term Debt to EBITDA	9.03	7.07	7.23	7.20	3.61	5.63	4.01	3.35	3.69	4.15	4.99
Debt to NOPAT	21.72	17.44	16.74	16.96	13.39	12.05	8.44	8.00	10.39	10.47	11.32
Net Debt to NOPAT	20.75	16.79	16.11	16.07	9.51	11.45	7.93	7.42	9.07	9.62	9.73
Long-Term Debt to NOPAT	21.53	17.22	16.51	16.72	10.28	11.96	8.38	6.74	8.49	8.80	10.59
Altman Z-Score	1.33	1.72	1.62	1.86	1.50	2.08	2.21	2.19	2.01	2.07	1.96
Noncontrolling Interest Sharing Ratio	0.31%	0.29%	0.28%	0.27%	0.25%	0.27%	0.26%	0.24%	0.23%	0.30%	0.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.00	1.28	1.21	1.30	1.04	1.27	1.25	0.96	0.81	0.94	1.21
Quick Ratio	0.75	0.97	0.89	0.98	0.77	1.00	0.97	0.76	0.66	0.77	0.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-479	-479	-478	-60	2,775	2,565	2,558	2,427	90	166	-55
Operating Cash Flow to CapEx	1,212.42%	-719.69%	328.81%	-63.31%	773.20%	-590.89%	273.04%	178.85%	770.63%	-498.48%	223.15%
Free Cash Flow to Firm to Interest Expense	0.00	-4.75	-4.21	-0.53	0.00	0.00	29.61	29.79	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	-6.10	2.23	-0.47	0.00	0.00	2.56	1.73	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-6.95	1.55	-1.21	0.00	0.00	1.62	0.76	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.93	1.10	1.09	1.07	1.01	1.20	1.40	1.43	1.18	1.40	1.35
Accounts Receivable Turnover	7.03	7.76	7.53	7.30	7.81	7.37	8.58	8.67	8.56	7.98	7.92
Inventory Turnover	26.14	30.71	28.55	26.94	30.91	23.86	1.41	2.05	40.38	43.51	50.10
Fixed Asset Turnover	6.73	8.06	8.13	8.03	9.30	9.41	11.20	11.30	11.60	11.34	11.22
Accounts Payable Turnover	11.25	15.75	14.44	15.26	11.39	10.22	0.63	0.94	11.98	14.52	17.83
Days Sales Outstanding (DSO)	51.96	47.01	48.48	50.00	46.74	49.53	42.52	42.12	42.66	45.77	46.10
Days Inventory Outstanding (DIO)	13.96	11.89	12.79	13.55	11.81	15.30	259.78	178.11	9.04	8.39	7.28
Days Payable Outstanding (DPO)	32.43	23.18	25.28	23.93	32.05	35.72	581.73	386.38	30.46	25.14	20.47
Cash Conversion Cycle (CCC)	33.48	35.72	35.98	39.62	26.49	29.10	-279.43	-166.15	21.25	29.01	32.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,120	11,005	10,906	10,803	7,568	8,531	8,464	8,493	7,645	8,527	8,646
Invested Capital Turnover	1.38	1.52	1.54	1.52	1.82	1.70	2.03	2.07	2.29	2.06	2.06
Increase / (Decrease) in Invested Capital	468	593	628	155	-2,552	-2,475	-2,442	-2,310	77	-3.64	182
Enterprise Value (EV)	14,945	18,339	16,884	18,305	13,673	15,712	14,060	14,473	14,733	15,325	14,693
Market Capitalization	7,854	10,477	9,161	11,053	8,950	10,028	8,487	8,923	10,127	9,880	9,067
Book Value per Share	$11.76	$12.15	$12.22	$13.63	$14.22	$10.86	$11.02	$11.19	$11.54	$11.68	$11.39
Tangible Book Value per Share	($17.85)	($17.40)	($17.24)	($15.83)	($10.37)	($13.89)	($13.58)	($13.31)	($13.07)	($13.10)	($13.92)
Total Capital	10,449	11,311	11,208	11,206	10,363	8,826	8,820	8,929	8,318	9,011	9,567
Total Debt	7,411	8,159	8,017	7,646	6,642	5,972	5,921	5,978	5,271	5,920	6,533
Total Long-Term Debt	7,346	8,056	7,907	7,536	5,099	5,930	5,879	5,034	4,307	4,977	6,109
Net Debt	7,081	7,854	7,714	7,244	4,715	5,676	5,565	5,542	4,599	5,436	5,612
Capital Expenditures (CapEx)	50	86	77	83	120	111	81	79	133	118	115
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-258	549	436	558	-194	424	356	385	-516	257	160
Debt-free Net Working Capital (DFNWC)	71	854	739	961	1,733	720	713	821	157	741	1,080
Net Working Capital (NWC)	6.10	751	628	850	190	678	670	-123	-808	-202	656
Net Nonoperating Expense (NNE)	-86	37	94	-243	20	62	63	59	45	57	66
Net Nonoperating Obligations (NNO)	7,081	7,854	7,714	7,244	3,847	5,676	5,565	5,542	4,599	5,436	5,612
Total Depreciation and Amortization (D&A)	-2.80	103	103	101	103	106	109	108	113	113	117
Debt-free, Cash-free Net Working Capital to Revenue	-1.89%	3.37%	2.67%	3.43%	-1.21%	2.56%	1.81%	1.93%	-2.96%	1.46%	0.91%
Debt-free Net Working Capital to Revenue	0.52%	5.24%	4.52%	5.90%	10.78%	4.34%	3.63%	4.11%	0.90%	4.22%	6.13%
Net Working Capital to Revenue	0.04%	4.61%	3.84%	5.22%	1.18%	4.09%	3.41%	-0.61%	-4.64%	-1.15%	3.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.22	$0.21	$0.15	$0.94	$0.57	$0.11	$0.20	$0.22	$0.47	$0.40	$0.23
Adjusted Weighted Average Basic Shares Outstanding	355.73M	358.69M	360.37M	360.72M	360.26M	262.05M	262.84M	263.39M	263.05M	264.88M	264.81M
Adjusted Diluted Earnings per Share	$0.22	$0.20	$0.15	$0.93	$0.57	$0.11	$0.20	$0.22	$0.47	$0.39	$0.23
Adjusted Weighted Average Diluted Shares Outstanding	358.16M	361.40M	362.95M	363.24M	363.03M	264.29M	265.28M	266.58M	266.20M	268.69M	267.42M
Adjusted Basic & Diluted Earnings per Share	$0.22	$0.00	$0.00	$0.00	$0.57	$0.00	$0.00	$0.00	$0.47	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	357.71M	360.15M	360.28M	360.89M	361.53M	262.45M	262.99M	263.45M	263.95M	265.10M	262.07M
Normalized Net Operating Profit after Tax (NOPAT)	-10	114	88	96	151	91	116	117	168	162	128
Normalized NOPAT Margin	-0.59%	2.90%	2.24%	2.37%	3.59%	2.06%	2.76%	2.68%	3.80%	3.57%	2.99%
Pre Tax Income Margin	-6.21%	1.30%	0.30%	9.78%	2.49%	1.19%	1.73%	1.83%	3.61%	3.11%	1.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	1.50	1.10	4.53	0.00	0.00	1.84	1.98	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	1.13	1.32	0.85	0.00	0.00	1.34	1.44	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.66	0.43	3.79	0.00	0.00	0.90	1.02	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.28	0.64	0.11	0.00	0.00	0.40	0.47	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	58.16%	49.78%	45.83%	20.91%	17.00%	17.72%	17.22%	30.23%	38.05%	30.27%	30.32%
Augmented Payout Ratio	58.16%	49.78%	45.83%	20.91%	17.00%	17.72%	17.22%	30.23%	38.05%	30.27%	30.32%

Key Financial Trends

Aramark’s Q2 2025 results show modest year-over-year top-line growth and stronger profitability versus the same period last year, with operating cash flow rising alongside improved return on invested capital. However, free cash flow remains negative, debt levels have increased, and quarter-to-quarter earnings were volatile.

Revenue grew 1.9% year-over-year to $4.28 billion in Q2 2025.
Net income rose 16.9% yoy to $61.97 million, lifting diluted EPS to $0.23.
Operating cash flow increased 15.6% yoy to $255.9 million.
Return on invested capital improved to 6.15% from 5.60% a year ago.
Current ratio of 1.21x remains consistent, supported by $920.5 million in cash & equivalents.
Dividend per share held at $0.105, implying a ~1.17% yield.
Gross margin steady at ~8.4%, reflecting stable cost management.
Free cash flow to firm remains negative at –$54.7 million.
Net debt rose to $5.61 billion, pushing debt/EBITDA up to 5.34×.
Sequential EPS fell 41% from Q1 to Q2, highlighting quarterly earnings volatility.

06/21/25 08:42 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Aramark's Financials

When does Aramark's fiscal year end?

According to the most recent income statement we have on file, Aramark's financial year ends in September. Their financial year 2024 ended on September 27, 2024.

How has Aramark's net income changed over the last 9 years?

Aramark's net income appears to be on a downward trend, with a most recent value of $262.52 million in 2024, rising from $236.98 million in 2015. The previous period was $674.11 million in 2023. View Aramark's forecast to see where analysts expect Aramark to go next.

What is Aramark's operating income?

Aramark's total operating income in 2024 was $706.51 million, based on the following breakdown:

Total Gross Profit: $1.43 billion
Total Operating Expenses: $719.17 million

How has Aramark's revenue changed over the last 9 years?

Over the last 9 years, Aramark's total revenue changed from $14.33 billion in 2015 to $17.40 billion in 2024, a change of 21.4%.

How much debt does Aramark have?

Aramark's total liabilities were at $9.63 billion at the end of 2024, a 26.8% decrease from 2023, and a 16.0% increase since 2015.

How much cash does Aramark have?

In the past 9 years, Aramark's cash and equivalents has ranged from $122.42 million in 2015 to $2.51 billion in 2020, and is currently $672.48 million as of their latest financial filing in 2024.

How has Aramark's book value per share changed over the last 9 years?

Over the last 9 years, Aramark's book value per share changed from 7.87 in 2015 to 11.54 in 2024, a change of 46.6%.

Related Companies

This page (NYSE:ARMK) was last updated on 6/21/2025 by MarketBeat.com Staff

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Aramark (ARMK) Financials

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Aramark (ARMK) Financials

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