Aramark (ARMK) Financials

$45.25 +0.47 (+1.06%)

Closing price 05/5/2026 03:59 PM Eastern

Extended Trading

$45.26 +0.00 (+0.00%)

As of 05/5/2026 07:57 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	2025
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	10/3/2025
Net Income / (Loss) Attributable to Common Shareholders	236	288	374	568	449	-462	-91	195	675	263	326
Consolidated Net Income / (Loss)	237	288	374	568	448	-461	-92	194	674	263	326
Net Income / (Loss) Continuing Operations	237	288	374	568	15,417	-461	-92	39	447	262	327
Total Pre-Tax Income	342	431	521	472	556	-648	-133	47	564	365	430
Total Operating Income	628	746	802	818	891	-265	191	415	625	707	792
Total Gross Profit	1,449	1,525	1,609	1,792	16,227	836	1,089	1,072	1,309	1,426	1,547
Total Revenue	14,329	14,416	14,604	15,790	16,227	12,830	12,096	13,687	16,083	17,401	18,506
Operating Revenue	14,329	14,416	14,604	15,790	16,227	12,830	12,096	13,687	16,083	17,401	18,506
Total Cost of Revenue	12,880	12,890	12,995	13,998	0.00	11,994	11,007	12,616	14,775	15,975	16,960
Operating Cost of Revenue	12,880	12,890	12,995	13,998	-	11,994	11,007	12,616	14,775	15,975	16,960
Total Operating Expenses	821	779	807	973	367	1,101	897	656	684	719	755
Selling, General & Admin Expense	317	283	299	377	367	307	347	258	274	284	278
Depreciation Expense	504	496	508	596	-	595	551	398	410	436	476
Total Other Income / (Expense), net	-286	-315	-281	-347	-335	-383	-324	-368	-62	-342	-361
Interest & Investment Income	-	-	-	-	0.00	0.00	138	-368	-437	-367	-342
Other Income / (Expense), net	-	-	0.00	-	0.00	0.00	-61	0.00	376	25	-19
Income Tax Expense	105	143	146	-97	108	-186	-41	8.43	116	103	104
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	155	226	0.00	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	0.48
Basic Earnings per Share	$0.99	$1.19	$1.53	$2.31	-	($1.83)	($0.36)	$0.76	$2.59	$1.00	$1.24
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	263.86M
Diluted Earnings per Share	$0.96	$1.16	$1.49	$2.24	-	($1.83)	($0.36)	$0.75	$2.57	$0.99	$1.22
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	267.35M
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	262.93M
Cash Dividends to Common per Share	-	-	-	-	$0.44	$0.44	$0.44	$0.44	$0.44	$0.38	$0.42

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	10/3/2025	1/2/2026
Net Income / (Loss) Attributable to Common Shareholders	338	206	29	53	58	123	106	62	72	87	96
Consolidated Net Income / (Loss)	338	203	29	53	58	122	106	62	72	87	97
Net Income / (Loss) Continuing Operations	287	108	29	53	58	122	106	62	72	87	97
Total Pre-Tax Income	396	105	52	73	80	160	141	84	96	108	136
Total Operating Income	133	215	167	159	162	219	217	174	183	218	218
Total Gross Profit	299	393	4,408	4,200	335	397	4,552	360	4,626	-7,992	4,832
Total Revenue	4,053	4,200	4,408	4,200	4,376	4,417	4,552	4,279	4,626	5,048	4,832
Operating Revenue	4,053	4,200	4,408	4,200	4,376	4,417	4,552	4,279	4,626	5,048	4,832
Total Cost of Revenue	3,755	3,807	0.00	0.00	4,041	4,020	0.00	3,920	0.00	13,040	0.00
Total Operating Expenses	166	178	4,241	4,041	174	178	4,335	185	4,444	-8,209	4,614
Selling, General & Admin Expense	65	75	90	63	65	65	70	68	66	74	73
Depreciation Expense	101	103	106	109	108	113	113	117	122	124	126
Other Operating Expenses / (Income)	-	-	4,045	3,869	-	-	4,151	-	4,256	-	4,415
Total Other Income / (Expense), net	264	-111	-115	-86	-81	-59	-76	-90	-86	-109	-82
Interest & Investment Income	-	-	-115	-86	-81	-	-76	-90	-86	-90	-82
Income Tax Expense	110	-3.55	24	20	22	37	36	22	24	21	39
Net Income / (Loss) Attributable to Noncontrolling Interest	0.07	0.01	-0.02	-0.45	-0.01	-0.16	0.08	0.12	0.17	0.10	0.34
Basic Earnings per Share	$1.30	$0.79	$0.11	$0.20	$0.22	$0.47	$0.40	$0.23	$0.27	$0.33	$0.37
Weighted Average Basic Shares Outstanding	260.92M	260.59M	262.05M	262.84M	263.39M	263.05M	264.88M	264.81M	262.66M	263.86M	263.13M
Diluted Earnings per Share	$1.29	$0.79	$0.11	$0.20	$0.22	$0.47	$0.39	$0.23	$0.27	$0.33	$0.36
Weighted Average Diluted Shares Outstanding	262.75M	262.59M	264.29M	265.28M	266.58M	266.20M	268.69M	267.42M	265.35M	267.35M	266.35M
Weighted Average Basic & Diluted Shares Outstanding	261.05M	261.51M	262.45M	262.99M	263.45M	263.95M	265.10M	262.07M	262.85M	262.93M	262.84M
Cash Dividends to Common per Share	$0.11	$0.11	$0.10	$0.10	$0.10	$0.10	$0.11	$0.11	$0.11	$0.10	$0.12

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	2025
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	10/3/2025
Net Change in Cash & Equivalents	11	30	86	-24	32	2,263	-1,977	-222	1,643	-1,240	-25
Net Cash From Operating Activities	802	867	1,053	1,052	984	177	657	464	512	727	921
Net Cash From Continuing Operating Activities	802	867	1,053	1,052	984	177	657	464	512	727	921
Net Income / (Loss) Continuing Operations	237	288	374	568	448	-461	-92	39	447	262	327
Depreciation Expense	504	496	508	596	593	595	551	398	410	436	476
Non-Cash Adjustments To Reconcile Net Income	66	57	65	88	-124	245	-107	25	-486	-92	-25
Changes in Operating Assets and Liabilities, net	-5.23	26	105	-201	67	-202	306	1.72	141	121	143
Net Cash From Investing Activities	-504	-680	-678	-2,865	-210	-361	-634	-745	224	-416	-722
Net Cash From Continuing Investing Activities	-504	-680	-678	-2,865	-210	-361	-634	-745	224	-416	-722
Purchase of Property, Plant & Equipment	-524	-546	-555	-912	-503	-419	-408	-312	-384	-427	-489
Acquisitions	-3.38	-177	-148	-1,995	-45	-22	-266	-387	-54	-183	-289
Purchase of Investments	-	-	-	-	-	0.00	0.00	-78	-110	-113	0.00
Sale of Property, Plant & Equipment	19	27	19	10	18	54	32	16	18	24	23
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	0.00	713	288	44
Other Investing Activities, net	4.30	5.34	-2.54	-6.88	27	26	6.72	16	40	-3.76	-10
Net Cash From Financing Activities	-287	-157	-289	1,794	-735	2,438	-2,005	-35	663	-1,561	-235
Net Cash From Continuing Financing Activities	-287	-157	-289	1,794	-735	2,438	-2,005	-35	660	-1,561	-235
Repayment of Debt	-267	-1,500	-3,968	-1,277	-693	-1,090	-2,513	-64	-1,884	-2,042	-1,932
Repurchase of Common Equity	-50	-0.75	-100	-24	-50	-6.54	-	-	-24	-14	-170
Payment of Dividends	-82	-92	-101	-103	-108	-111	-112	-113	-115	-100	-111
Issuance of Debt	72	1,400	3,851	3,177	78	3,555	578	100	1,182	571	1,968
Issuance of Common Equity	40	36	29	22	39	90	42	43	46	37	43
Other Financing Activities, net	-	-	-	-	-	-	-	0.00	1,455	-13	-34
Effect of Exchange Rate Changes	-	-	0.56	-	-	-	-	-29	-	-	11
Other Net Changes in Cash	-	-	-	-4.52	-8.20	9.46	6.05	123	248	11	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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	10/3/2025	1/2/2026
Net Change in Cash & Equivalents	112	1,561	-1,629	70	81	237	-194	436	-416	149	-199
Net Cash From Operating Activities	-53	927	-657	221	141	1,022	-587	256	77	1,176	-782
Net Cash From Continuing Operating Activities	-53	927	-657	221	141	1,022	-587	256	77	1,176	-782
Net Income / (Loss) Continuing Operations	287	108	29	53	58	122	106	62	72	87	97
Consolidated Net Income / (Loss)	-	-	29	-	-	-	106	62	72	-	97
Depreciation Expense	101	103	106	109	108	113	113	117	122	124	126
Non-Cash Adjustments To Reconcile Net Income	-377	6.13	-31	-38	8.19	-22	-46	-10	1.82	30	-79
Changes in Operating Assets and Liabilities, net	-64	709	-760	97	-34	809	-760	87	-119	934	-926
Net Cash From Investing Activities	528	-100	-198	-92	-90	-36	-231	-252	-132	-108	-154
Net Cash From Continuing Investing Activities	528	-100	-198	-92	-90	-36	-231	-252	-132	-108	-154
Purchase of Property, Plant & Equipment	-88	-125	-116	-87	-85	-139	-120	-116	-111	-142	-122
Acquisitions	-18	-4.69	-83	-9.40	-14	-77	-111	-136	-15	-26	-33
Sale of Property, Plant & Equipment	4.99	5.10	4.42	6.37	6.44	6.72	2.07	1.10	1.15	18	2.12
Other Investing Activities, net	-4.16	25	-3.45	-1.41	2.70	-1.60	-1.69	-0.50	-6.24	-1.92	-0.93
Net Cash From Financing Activities	-410	583	-779	-54	32	-761	643	424	-387	-914	736
Net Cash From Continuing Financing Activities	-410	583	-779	-54	32	-761	643	424	-387	-914	736
Repayment of Debt	-1,767	-583	-987	-31	-31	-1,020	508	-1,952	-452	-5.91	599
Repurchase of Common Equity	-	-	-	-	-	-	-29	-	-31	-30	-41
Payment of Dividends	-29	-29	-25	-25	-25	-25	-28	-28	-28	-28	-32
Issuance of Debt	1,376	-264	228	-8.99	79	273	181	2,508	103	-824	233
Issuance of Common Equity	9.66	3.26	4.50	11	9.29	12	12	4.40	20	6.55	3.20
Other Financing Activities, net	-	-	-	-	-	-	-1.20	-	-	-	-27
Effect of Exchange Rate Changes	-1.22	-8.57	5.33	-4.93	-2.17	13	-19	-	-	-	1.42
Cash Interest Paid	120	-	111	84	72	-	65	96	66	-	70
Cash Income Taxes Paid	15	-	45	32	13	-	11	70	29	-	23

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	2025
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	10/3/2025
Total Assets	10,196	10,582	11,006	13,720	13,736	15,713	14,376	15,082	16,871	12,674	13,305
Total Current Assets	2,379	2,493	2,653	2,901	2,658	4,676	2,899	3,292	5,220	3,407	3,523
Cash & Equivalents	122	153	239	215	247	2,509	533	329	1,927	672	639
Accounts Receivable	1,445	1,476	1,616	1,790	1,807	1,431	1,749	2,148	1,971	2,097	2,210
Inventories, net	575	587	611	725	411	436	413	552	404	388	419
Prepaid Expenses	237	276	188	171	193	299	205	262	298	250	255
Plant, Property, & Equipment, net	959	1,023	1,042	1,378	2,182	2,051	2,038	2,032	1,426	1,573	1,734
Total Noncurrent Assets	6,858	7,066	7,311	9,441	8,896	8,986	9,439	9,758	10,225	7,695	8,047
Goodwill	4,559	4,629	4,716	5,611	5,519	5,344	5,487	5,515	4,616	4,677	4,875
Intangible Assets	1,112	1,112	1,121	2,137	2,034	1,933	2,029	2,114	1,804	1,805	1,874
Other Noncurrent Operating Assets	1,187	1,326	1,475	1,693	1,344	1,710	1,923	2,130	1,301	1,213	1,299
Total Liabilities & Shareholders' Equity	10,196	10,582	11,006	13,720	13,736	15,713	14,376	15,082	16,871	12,674	13,305
Total Liabilities	8,303	8,411	8,537	10,680	10,406	12,967	11,644	12,044	13,150	9,628	10,142
Total Current Liabilities	2,181	2,185	2,368	2,490	2,705	2,347	2,857	3,286	5,030	4,214	3,547
Short-Term Debt	81	47	78	31	70	100	59	65	1,543	964	32
Accounts Payable	850	848	956	1,019	1,000	663	919	1,323	1,272	1,394	1,523
Accrued Expenses	727	776	846	1,018	1,126	940	1,135	1,172	1,288	1,283	1,390
Current Employee Benefit Liabilities	523	515	488	422	510	572	677	657	480	519	542
Other Current Liabilities	-	-	-	-	0.00	72	67	69	51	54	61
Total Noncurrent Liabilities	6,122	6,227	6,169	8,190	7,701	10,619	8,787	8,758	8,120	5,414	6,596
Long-Term Debt	5,185	5,224	5,190	7,213	6,612	9,179	7,393	7,346	5,099	4,307	5,374
Noncurrent Deferred & Payable Income Tax Liabilities	937	1,003	979	977	1,089	1,099	1,079	1,107	411	375	411
Other Noncurrent Operating Liabilities	-	-	-	-	0.00	342	314	306	749	731	810
Commitments & Contingencies	-	-	-	-	-	0.00	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	14
Total Equity & Noncontrolling Interests	1,883	2,161	2,459	3,030	3,320	2,736	2,723	3,030	3,713	3,039	3,148
Total Preferred & Common Equity	1,883	2,161	2,459	3,030	3,320	2,736	2,723	3,030	3,713	3,039	3,148
Total Common Equity	1,883	2,161	2,459	3,030	3,320	2,736	2,723	3,030	3,713	3,039	3,148
Common Stock	2,787	2,924	3,017	3,135	3,239	3,419	3,536	3,685	3,829	3,935	4,039
Retained Earnings	-229	-34	247	711	1,107	532	328	407	964	240	453
Accumulated Other Comprehensive Income / (Loss)	-167	-181	-124	-91	-217	-307	-208	-112	-98	-132	-167
Other Equity Adjustments	-	-	-	-	-	-	-933	-951	-982	-1,003	-1,177

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	Q3 2025	Q1 2026
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	6/27/2025	1/2/2026
Total Assets	14,989	15,291	15,456	15,398	12,419	12,561	12,549	12,707	13,489	13,284	13,543
Total Current Assets	3,198	3,435	3,597	3,726	3,167	3,328	3,330	3,295	3,840	3,529	3,634
Cash & Equivalents	439	305	303	402	296	357	436	484	920	501	440
Accounts Receivable	2,052	2,300	2,354	2,406	2,199	2,221	2,200	2,201	2,232	2,357	2,496
Inventories, net	515	570	610	593	368	388	370	367	406	394	415
Prepaid Expenses	192	260	331	324	305	363	324	243	282	275	283
Plant, Property, & Equipment, net	2,017	2,032	2,015	2,037	1,490	1,491	1,494	1,603	1,650	1,702	1,773
Total Noncurrent Assets	9,774	9,823	9,844	9,634	7,762	7,742	7,725	7,809	8,000	8,053	8,136
Goodwill	5,551	5,554	5,582	5,594	4,661	4,635	4,641	4,714	4,810	4,853	4,894
Intangible Assets	2,151	2,090	2,092	2,082	1,824	1,821	1,802	1,826	1,899	1,900	1,876
Other Noncurrent Operating Assets	2,072	2,179	2,171	1,958	1,276	1,286	1,281	1,270	1,290	1,300	1,366
Total Liabilities & Shareholders' Equity	14,989	15,291	15,456	15,398	12,419	12,561	12,549	12,707	13,489	13,284	13,543
Total Liabilities	12,064	12,139	12,265	11,838	9,565	9,662	9,597	9,615	10,456	10,185	10,309
Total Current Liabilities	2,560	2,684	2,968	2,876	2,489	2,658	3,453	3,497	3,184	2,738	2,856
Short-Term Debt	78	103	110	111	42	42	943	943	424	41	36
Accounts Payable	908	1,093	1,138	1,049	1,096	1,097	1,042	1,105	1,135	1,138	1,280
Accrued Expenses	1,503	1,420	1,651	1,647	934	1,036	973	1,034	1,130	1,033	1,085
Current Employee Benefit Liabilities	-	-	-	-	367	433	444	361	437	465	391
Other Current Liabilities	71	69	69	70	50	50	51	54	57	61	63
Total Noncurrent Liabilities	9,504	9,455	9,297	8,962	7,075	7,004	6,144	6,118	7,272	7,447	7,453
Long-Term Debt	8,085	8,056	7,907	7,536	5,930	5,879	5,034	4,977	6,109	6,254	6,211
Noncurrent Deferred & Payable Income Tax Liabilities	1,101	1,097	1,080	1,122	400	390	376	397	382	372	427
Other Noncurrent Operating Liabilities	318	302	310	304	745	735	733	745	781	822	815
Commitments & Contingencies	0.00	0.00	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	14	26
Total Equity & Noncontrolling Interests	2,915	3,143	3,183	3,551	2,847	2,891	2,944	3,082	3,020	3,084	3,208
Total Preferred & Common Equity	2,915	3,143	3,183	3,551	2,847	2,891	2,944	3,082	3,020	3,084	3,208
Total Common Equity	2,915	3,143	3,183	3,551	2,847	2,891	2,944	3,082	3,020	3,084	3,208
Common Stock	3,646	3,743	3,770	3,802	3,851	3,878	3,906	3,962	3,983	4,018	4,061
Retained Earnings	359	450	478	787	79	111	144	315	350	394	516
Accumulated Other Comprehensive Income / (Loss)	-149	-83	-96	-66	-89	-100	-105	-161	-166	-152	-150
Other Equity Adjustments	-	-966	-969	-972	-994	-998	-1,002	-1,035	-1,146	-1,175	-1,218

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	2025
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	10/3/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.40%	0.61%	1.31%	8.12%	2.77%	-20.94%	-5.72%	13.16%	17.50%	8.19%	6.35%
EBITDA Growth	4.22%	9.73%	5.46%	8.00%	4.89%	-77.74%	106.27%	19.39%	73.46%	-17.28%	6.99%
EBIT Growth	11.22%	18.85%	7.41%	2.09%	8.89%	-129.73%	149.29%	218.11%	140.98%	-26.92%	5.58%
NOPAT Growth	18.42%	14.72%	15.42%	71.12%	-27.11%	-125.81%	172.27%	154.60%	45.34%	2.26%	18.57%
Net Income Growth	58.56%	21.63%	29.82%	51.91%	-21.11%	-202.89%	80.01%	310.89%	246.61%	-61.06%	24.33%
EPS Growth	52.38%	20.83%	28.45%	50.34%	0.00%	0.00%	80.01%	310.89%	246.61%	-61.48%	23.23%
Operating Cash Flow Growth	101.48%	8.12%	21.39%	-0.09%	-6.43%	-82.05%	271.90%	-29.40%	10.29%	42.00%	26.77%
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%	-26.07%
Invested Capital Growth	-0.35%	3.57%	2.89%	34.27%	-3.01%	-2.56%	1.43%	4.85%	-25.22%	1.02%	3.71%
Revenue Q/Q Growth	-2.73%	-0.01%	0.76%	1.67%	0.23%	-8.94%	7.65%	-11.62%	-1.17%	-12.80%	3.53%
EBITDA Q/Q Growth	0.25%	2.80%	1.95%	6.87%	-5.18%	-47.10%	28.91%	-26.18%	34.83%	-22.36%	-0.71%
EBIT Q/Q Growth	1.46%	5.14%	2.65%	9.12%	-7.64%	-853.40%	475.08%	-26.15%	64.69%	-22.26%	-2.58%
NOPAT Q/Q Growth	2.27%	5.06%	4.43%	13.58%	-13.51%	-853.40%	649.91%	-22.56%	9.99%	-32.11%	0.95%
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%	-9.96%
EPS Q/Q Growth	5.49%	9.43%	8.76%	11.44%	0.00%	0.00%	66.52%	27.12%	23.36%	-24.43%	-11.59%
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%	20.07%
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%	61.16%
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%	-10.83%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.11%	10.58%	11.02%	11.35%	100.00%	6.52%	9.00%	7.83%	8.14%	8.19%	8.36%
EBITDA Margin	7.90%	8.62%	8.97%	8.96%	9.14%	2.57%	5.63%	5.94%	8.77%	6.71%	6.75%
Operating Margin	4.38%	5.18%	5.49%	5.18%	5.49%	-2.06%	1.58%	3.03%	3.89%	4.06%	4.28%
EBIT Margin	4.38%	5.18%	5.49%	5.18%	5.49%	-2.06%	1.08%	3.03%	6.22%	4.20%	4.17%
Profit (Net Income) Margin	1.65%	2.00%	2.56%	3.60%	2.76%	-3.60%	-0.76%	1.42%	4.19%	1.51%	1.76%
Tax Burden Percent	69.29%	66.89%	71.87%	120.46%	80.63%	71.24%	69.41%	411.92%	119.62%	71.95%	75.83%
Interest Burden Percent	54.46%	57.74%	64.95%	57.66%	62.41%	244.50%	-101.74%	11.37%	56.30%	49.87%	55.73%
Effective Tax Rate	30.71%	33.11%	28.13%	-20.46%	19.37%	0.00%	0.00%	17.86%	20.66%	28.22%	24.06%
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%	7.72%
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%	1.85%
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%	2.79%
Return on Equity (ROE)	13.09%	14.18%	16.13%	20.64%	14.08%	-15.19%	-3.37%	6.74%	19.95%	7.76%	10.51%
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%	4.08%
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%	5.95%
Return on Assets (ROA)	2.29%	2.77%	3.47%	4.60%	3.27%	-3.13%	-0.61%	1.32%	4.22%	1.78%	2.51%
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%	10.48%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	435	499	576	986	719	-185	134	341	496	507	601
NOPAT Margin	3.04%	3.46%	3.94%	6.24%	4.43%	-1.45%	1.11%	2.49%	3.08%	2.91%	3.25%
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%	5.87%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	7.03%
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%	91.64%
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%	1.50%
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	5.73%	5.40%	5.53%	6.16%	2.26%	8.58%	7.42%	4.80%	4.25%	4.13%	4.08%
Earnings before Interest and Taxes (EBIT)	628	746	802	818	891	-265	131	415	1,001	732	772
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	1,249
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	3.26
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)	0.46	0.58	0.63	0.62	0.61	0.52	0.73	0.57	0.56	0.58	0.55
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	31.45
Dividend Yield	1.25%	1.10%	1.11%	1.05%	1.09%	1.68%	1.28%	1.81%	1.28%	0.99%	1.32%
Earnings Yield	3.56%	3.42%	4.09%	5.78%	4.50%	0.00%	0.00%	2.48%	7.54%	2.60%	3.18%
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	1.90
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	0.81
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	12.04
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	19.46
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	25.00
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	16.32
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	47.31
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	1.71
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	1.70
Financial Leverage	2.89	2.52	2.19	2.19	2.11	2.17	2.50	2.43	1.62	1.25	1.51
Leverage Ratio	5.70	5.11	4.65	4.49	4.31	4.85	5.49	5.11	4.73	4.37	4.18
Compound Leverage Factor	3.11	2.95	3.02	2.59	2.69	11.85	-5.59	0.58	2.66	2.18	2.33
Debt to Total Capital	73.55%	70.83%	68.09%	70.44%	66.74%	77.16%	73.17%	70.92%	64.09%	63.37%	63.09%
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%	0.37%
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%	62.73%
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	0.14%	0.13%	0.13%	0.10%	0.10%	0.08%	0.09%	0.08%	0.08%	0.09%	0.16%
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%	36.74%
Debt to EBITDA	4.65	4.24	4.02	5.12	4.50	28.09	10.94	9.11	4.71	4.52	4.33
Net Debt to EBITDA	4.54	4.12	3.84	4.97	4.34	20.50	10.16	8.71	3.34	3.94	3.82
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	4.30
Debt to NOPAT	12.10	10.56	9.14	7.35	9.30	-50.03	55.61	21.72	13.39	10.39	8.99
Net Debt to NOPAT	11.82	10.25	8.73	7.13	8.96	-36.50	51.64	20.75	9.51	9.07	7.93
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	8.94
Altman Z-Score	2.08	2.23	2.27	2.01	2.08	1.29	1.36	1.43	1.65	2.14	2.23
Noncontrolling Interest Sharing Ratio	0.55%	0.49%	0.42%	0.36%	0.31%	0.33%	0.35%	0.31%	0.25%	0.23%	0.35%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.09	1.14	1.12	1.17	0.98	1.99	1.01	1.00	1.04	0.81	0.99
Quick Ratio	0.72	0.75	0.78	0.81	0.76	1.68	0.80	0.75	0.77	0.66	0.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	460	248	366	-1,584	1,022	65	-2.38	-127	3,048	430	318
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%	197.40%
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	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	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	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	1.42
Accounts Receivable Turnover	9.47	9.87	9.45	9.27	9.02	7.92	7.61	7.03	7.81	8.56	8.59
Inventory Turnover	22.82	22.18	21.70	20.96	0.00	28.29	25.93	26.14	30.91	40.38	42.06
Fixed Asset Turnover	14.65	14.54	14.14	13.05	9.12	6.06	5.92	6.73	9.30	11.60	11.19
Accounts Payable Turnover	14.03	15.19	14.41	14.18	0.00	14.42	13.91	11.25	11.39	11.98	11.63
Days Sales Outstanding (DSO)	38.55	36.98	38.64	39.37	40.46	46.06	47.98	51.96	46.74	42.66	42.48
Days Inventory Outstanding (DIO)	16.00	16.46	16.82	17.41	0.00	12.90	14.08	13.96	11.81	9.04	8.68
Days Payable Outstanding (DPO)	26.02	24.03	25.33	25.75	0.00	25.30	26.24	32.43	32.05	30.46	31.39
Cash Conversion Cycle (CCC)	28.53	29.40	30.14	31.04	40.46	33.66	35.82	33.48	26.49	21.25	19.77
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	7,929
Invested Capital Turnover	2.03	2.01	1.98	1.80	1.64	1.33	1.26	1.38	1.82	2.29	2.38
Increase / (Decrease) in Invested Capital	-25	251	210	2,570	-303	-250	136	468	-2,552	77	284
Enterprise Value (EV)	11,776	13,544	14,174	16,872	16,424	13,421	15,739	14,945	13,673	14,733	15,032
Market Capitalization	6,622	8,417	9,134	9,833	9,979	6,641	8,810	7,854	8,950	10,127	10,251
Book Value per Share	$7.87	$8.86	$10.03	$12.29	$13.45	$10.82	$10.67	$11.76	$14.22	$11.54	$11.98
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)	($13.70)
Total Capital	7,159	7,441	7,737	10,284	10,012	12,024	10,184	10,449	10,363	8,318	8,568
Total Debt	5,266	5,270	5,268	7,244	6,682	9,278	7,452	7,411	6,642	5,271	5,406
Total Long-Term Debt	5,185	5,224	5,190	7,213	6,612	9,179	7,393	7,346	5,099	4,307	5,374
Net Debt	5,144	5,117	5,030	7,029	6,436	6,769	6,920	7,081	4,715	4,599	4,767
Capital Expenditures (CapEx)	505	519	536	902	485	364	375	296	365	403	467
Debt-free, Cash-free Net Working Capital (DFCFNWC)	157	202	124	227	-224	-81	-432	-258	-194	-516	-631
Debt-free Net Working Capital (DFNWC)	280	354	363	442	23	2,428	100	71	1,733	157	7.71
Net Working Capital (NWC)	198	308	285	411	-47	2,328	41	6.10	190	-808	-24
Net Nonoperating Expense (NNE)	198	211	202	417	270	276	226	147	-178	245	275
Net Nonoperating Obligations (NNO)	5,144	5,117	5,030	7,029	6,436	6,769	6,920	7,081	3,847	4,599	4,767
Total Depreciation and Amortization (D&A)	504	496	508	596	593	595	551	398	410	436	476
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%	-3.41%
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%	0.04%
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%	-0.13%
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	$1.24
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	263.86M
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	$1.22
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	267.35M
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	$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	262.93M
Normalized Net Operating Profit after Tax (NOPAT)	435	499	576	573	719	-46	134	341	496	507	601
Normalized NOPAT Margin	3.04%	3.46%	3.94%	3.63%	4.43%	-0.36%	1.11%	2.49%	3.08%	2.91%	3.25%
Pre Tax Income Margin	2.39%	2.99%	3.57%	2.99%	3.43%	-5.05%	-1.10%	0.34%	3.50%	2.10%	2.33%
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	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	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	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	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%	33.95%
Augmented Payout Ratio	55.73%	32.21%	53.67%	22.43%	35.33%	-25.45%	-121.46%	58.16%	17.00%	38.05%	85.98%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	10/3/2025	1/2/2026
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.80%	139.87%	12.62%	7.25%	7.97%	5.16%	3.27%	1.89%	5.72%	14.30%	6.14%
EBITDA Growth	117.12%	1,914.93%	7.16%	17.36%	-55.75%	4.18%	21.28%	8.59%	12.82%	3.18%	3.94%
EBIT Growth	243.84%	1,562.63%	10.06%	26.91%	-68.20%	1.54%	30.14%	9.48%	12.93%	-0.45%	0.13%
NOPAT Growth	-9.65%	2,260.15%	-20.01%	-22.83%	22.22%	-24.75%	78.64%	10.19%	16.57%	4.64%	-4.66%
Net Income Growth	736.16%	168.10%	-62.72%	-4.63%	-82.83%	-39.72%	270.67%	16.93%	23.80%	-29.39%	-8.71%
EPS Growth	736.16%	168.10%	-60.71%	-4.76%	-82.95%	-40.51%	254.55%	15.00%	22.73%	-29.79%	-7.69%
Operating Cash Flow Growth	-282.99%	52.94%	-6.71%	-12.64%	367.64%	10.25%	10.64%	15.67%	-45.50%	15.07%	-33.22%
Free Cash Flow Firm Growth	91.02%	679.68%	635.29%	635.22%	4,172.76%	-96.75%	-93.53%	-102.14%	-110.79%	-219.90%	-316.50%
Invested Capital Growth	1.46%	-25.22%	-22.48%	-22.39%	-21.38%	1.02%	-0.04%	2.16%	4.69%	3.71%	6.03%
Revenue Q/Q Growth	3.50%	3.63%	4.94%	-4.72%	4.19%	0.93%	3.06%	-5.99%	8.11%	9.12%	-4.30%
EBITDA Q/Q Growth	166.84%	-47.81%	-14.38%	-1.57%	0.60%	22.88%	-0.33%	-11.87%	4.52%	12.38%	0.42%
EBIT Q/Q Growth	305.63%	-57.62%	-22.52%	-4.71%	1.63%	35.33%	-0.70%	-19.83%	4.83%	19.30%	-0.12%
NOPAT Q/Q Growth	-36.21%	132.36%	-59.20%	27.61%	1.03%	43.07%	-3.15%	-21.29%	6.89%	28.42%	-11.75%
Net Income Q/Q Growth	503.99%	-40.00%	-85.96%	87.30%	8.75%	110.60%	-13.65%	-41.37%	16.10%	20.59%	11.22%
EPS Q/Q Growth	503.99%	-40.00%	-86.08%	81.82%	10.00%	113.64%	-17.02%	-41.03%	17.39%	22.22%	9.09%
Operating Cash Flow Q/Q Growth	-120.75%	1,862.74%	-170.91%	133.68%	-36.42%	626.12%	-157.47%	143.59%	-70.04%	1,433.14%	-166.54%
Free Cash Flow Firm Q/Q Growth	87.53%	4,755.50%	-7.54%	-0.29%	-5.11%	-96.28%	83.96%	-132.93%	-379.17%	58.69%	-232.18%
Invested Capital Q/Q Growth	-0.94%	-29.95%	12.72%	-0.79%	0.35%	-9.98%	11.53%	1.39%	2.84%	-10.83%	14.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	7.36%	9.37%	100.00%	7.88%	7.66%	8.99%	100.00%	8.40%	100.00%	-158.30%	100.00%
EBITDA Margin	15.05%	7.58%	6.18%	6.39%	6.17%	7.51%	7.26%	6.81%	6.58%	6.78%	7.11%
Operating Margin	3.27%	5.13%	3.79%	3.79%	3.69%	4.95%	4.77%	4.07%	3.95%	4.31%	4.50%
EBIT Margin	12.55%	5.13%	3.79%	3.79%	3.69%	4.95%	4.77%	4.07%	3.95%	4.31%	4.50%
Profit (Net Income) Margin	8.35%	4.84%	0.65%	1.27%	1.33%	2.77%	2.32%	1.45%	1.56%	1.72%	2.00%
Tax Burden Percent	85.42%	193.81%	54.43%	73.51%	72.48%	76.71%	74.72%	73.37%	74.81%	80.09%	71.15%
Interest Burden Percent	77.93%	48.63%	31.38%	45.70%	49.61%	72.93%	65.11%	48.50%	52.68%	49.74%	62.34%
Effective Tax Rate	27.65%	-3.38%	45.57%	27.10%	27.53%	23.38%	25.28%	26.63%	25.19%	19.47%	28.85%
Return on Invested Capital (ROIC)	3.59%	9.64%	3.50%	5.60%	5.54%	8.68%	7.34%	6.15%	6.07%	8.26%	6.85%
ROIC Less NNEP Spread (ROIC-NNEP)	6.83%	9.28%	2.58%	4.66%	4.61%	7.61%	6.32%	4.97%	4.93%	6.36%	5.81%
Return on Net Nonoperating Assets (RNNOA)	15.77%	15.01%	5.81%	10.15%	9.06%	9.50%	11.80%	9.37%	9.24%	9.60%	10.33%
Return on Equity (ROE)	19.36%	24.66%	9.30%	15.75%	14.60%	18.18%	19.14%	15.52%	15.31%	17.86%	17.19%
Cash Return on Invested Capital (CROIC)	2.75%	34.46%	30.41%	32.46%	31.69%	5.65%	6.67%	4.61%	2.27%	4.08%	0.89%
Operating Return on Assets (OROA)	13.44%	5.16%	4.53%	5.31%	5.28%	5.83%	6.67%	5.51%	5.46%	6.15%	6.44%
Return on Assets (ROA)	8.95%	4.87%	0.77%	1.78%	1.90%	3.26%	3.24%	1.96%	2.15%	2.45%	2.86%
Return on Common Equity (ROCE)	19.31%	24.59%	9.28%	15.71%	14.56%	18.14%	19.08%	15.47%	15.25%	17.80%	17.09%
Return on Equity Simple (ROE_SIMPLE)	15.39%	0.00%	22.00%	21.55%	11.64%	0.00%	11.02%	11.55%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	96	223	91	116	117	168	162	128	137	175	155
NOPAT Margin	2.37%	5.30%	2.06%	2.76%	2.68%	3.80%	3.57%	2.99%	2.95%	3.47%	3.20%
Net Nonoperating Expense Percent (NNEP)	-3.24%	0.36%	0.92%	0.94%	0.92%	1.07%	1.02%	1.18%	1.14%	1.89%	1.04%
Return On Investment Capital (ROIC_SIMPLE)	-	-	1.03%	-	-	-	1.80%	1.34%	1.46%	2.05%	1.64%
Cost of Revenue to Revenue	92.64%	90.63%	0.00%	92.12%	92.34%	91.01%	0.00%	91.60%	0.00%	258.30%	0.00%
SG&A Expenses to Revenue	1.60%	1.79%	2.05%	1.49%	1.49%	1.48%	1.55%	1.60%	1.42%	1.46%	1.50%
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	4.10%	4.24%	96.21%	4.09%	3.97%	4.04%	95.23%	4.33%	96.05%	-162.61%	95.50%
Earnings before Interest and Taxes (EBIT)	508	215	167	159	162	219	217	174	183	218	218
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	610	318	272	268	270	332	330	291	304	342	344
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.11	2.41	3.52	2.94	3.03	3.33	3.21	3.00	3.58	3.26	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)	0.68	0.56	0.60	0.43	0.45	0.58	0.56	0.51	0.62	0.55	0.51
Price to Earnings (P/E)	20.30	13.27	15.94	13.55	25.80	38.48	29.04	26.01	30.45	31.45	30.39
Dividend Yield	1.04%	1.28%	1.20%	1.33%	1.07%	0.99%	1.04%	1.17%	0.97%	1.32%	1.19%
Earnings Yield	4.93%	7.54%	6.27%	7.38%	3.88%	2.60%	3.44%	3.85%	3.28%	3.18%	3.29%
Enterprise Value to Invested Capital (EV/IC)	1.69	1.81	1.84	1.66	1.70	1.93	1.80	1.70	1.89	1.90	1.71
Enterprise Value to Revenue (EV/Rev)	1.12	0.85	0.95	0.72	0.73	0.85	0.87	0.83	0.94	0.81	0.82
Enterprise Value to EBITDA (EV/EBITDA)	17.49	9.69	14.92	9.58	9.63	12.62	12.77	12.01	13.39	12.04	12.06
Enterprise Value to EBIT (EV/EBIT)	30.12	13.66	24.54	15.42	15.38	20.14	20.25	19.03	21.24	19.46	19.51
Enterprise Value to NOPAT (EV/NOPAT)	40.60	27.57	31.69	20.04	19.38	29.05	27.11	25.47	28.27	25.00	26.07
Enterprise Value to Operating Cash Flow (EV/OCF)	43.43	26.72	33.41	20.29	16.33	20.28	19.24	17.68	21.95	16.32	21.28
Enterprise Value to Free Cash Flow (EV/FCFF)	61.97	4.49	5.29	4.47	4.73	34.29	26.93	37.25	85.43	47.31	196.97
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.15	1.78	2.09	2.04	2.03	1.73	1.91	2.15	2.03	1.71	1.93
Long-Term Debt to Equity	2.12	1.37	2.08	2.03	1.71	1.41	1.61	2.01	2.02	1.70	1.92
Financial Leverage	2.31	1.62	2.25	2.18	1.96	1.25	1.87	1.88	1.87	1.51	1.78
Leverage Ratio	4.69	4.73	4.61	4.60	4.29	4.37	4.23	4.39	4.27	4.18	4.15
Compound Leverage Factor	3.65	2.30	1.45	2.10	2.13	3.18	2.75	2.13	2.25	2.08	2.59
Debt to Total Capital	68.24%	64.09%	67.66%	67.13%	66.94%	63.37%	65.69%	68.29%	67.02%	63.09%	65.89%
Short-Term Debt to Total Capital	0.99%	14.89%	0.47%	0.48%	10.56%	11.59%	10.46%	4.43%	0.44%	0.37%	0.38%
Long-Term Debt to Total Capital	67.25%	49.20%	67.19%	66.65%	56.38%	51.78%	55.23%	63.86%	66.58%	62.73%	65.51%
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	0.07%	0.08%	0.09%	0.09%	0.09%	0.09%	0.11%	0.14%	0.15%	0.16%	0.27%
Common Equity to Total Capital	31.69%	35.83%	32.25%	32.78%	32.97%	36.54%	34.20%	31.57%	32.83%	36.74%	33.84%
Debt to EBITDA	7.31	4.71	5.67	4.04	3.98	4.52	4.93	5.34	5.01	4.33	4.88
Net Debt to EBITDA	6.92	3.34	5.39	3.79	3.69	3.94	4.53	4.59	4.61	3.82	4.53
Long-Term Debt to EBITDA	7.20	3.61	5.63	4.01	3.35	3.69	4.15	4.99	4.97	4.30	4.85
Debt to NOPAT	16.96	13.39	12.05	8.44	8.00	10.39	10.47	11.32	10.57	8.99	10.54
Net Debt to NOPAT	16.07	9.51	11.45	7.93	7.42	9.07	9.62	9.73	9.73	7.93	9.80
Long-Term Debt to NOPAT	16.72	10.28	11.96	8.38	6.74	8.49	8.80	10.59	10.50	8.94	10.48
Altman Z-Score	1.86	1.50	2.08	2.21	2.19	2.01	2.07	1.96	2.15	2.10	2.12
Noncontrolling Interest Sharing Ratio	0.27%	0.25%	0.27%	0.26%	0.24%	0.23%	0.30%	0.36%	0.36%	0.35%	0.56%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.30	1.04	1.27	1.25	0.96	0.81	0.94	1.21	1.29	0.99	1.27
Quick Ratio	0.98	0.77	1.00	0.97	0.76	0.66	0.77	0.99	1.04	0.80	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-60	2,775	2,565	2,558	2,427	90	166	-55	-262	-108	-359
Operating Cash Flow to CapEx	-63.31%	773.20%	-590.89%	273.04%	178.85%	770.63%	-498.48%	223.15%	69.56%	949.11%	-651.65%
Free Cash Flow to Firm to Interest Expense	-0.53	0.00	0.00	29.61	29.79	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-0.47	0.00	0.00	2.56	1.73	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-1.21	0.00	0.00	1.62	0.76	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.07	1.01	1.20	1.40	1.43	1.18	1.40	1.35	1.38	1.42	1.43
Accounts Receivable Turnover	7.30	7.81	7.37	8.58	8.67	8.56	7.98	7.92	7.84	8.59	8.00
Inventory Turnover	26.94	30.91	23.86	1.41	2.05	40.38	43.51	50.10	41.47	42.06	43.41
Fixed Asset Turnover	8.03	9.30	9.41	11.20	11.30	11.60	11.34	11.22	11.19	11.19	11.13
Accounts Payable Turnover	15.26	11.39	10.22	0.63	0.94	11.98	14.52	17.83	14.55	11.63	14.22
Days Sales Outstanding (DSO)	50.00	46.74	49.53	42.52	42.12	42.66	45.77	46.10	46.53	42.48	45.63
Days Inventory Outstanding (DIO)	13.55	11.81	15.30	259.78	178.11	9.04	8.39	7.28	8.80	8.68	8.41
Days Payable Outstanding (DPO)	23.93	32.05	35.72	581.73	386.38	30.46	25.14	20.47	25.09	31.39	25.66
Cash Conversion Cycle (CCC)	39.62	26.49	29.10	-279.43	-166.15	21.25	29.01	32.91	30.24	19.77	28.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,803	7,568	8,531	8,464	8,493	7,645	8,527	8,646	8,892	7,929	9,041
Invested Capital Turnover	1.52	1.82	1.70	2.03	2.07	2.29	2.06	2.06	2.06	2.38	2.14
Increase / (Decrease) in Invested Capital	155	-2,552	-2,475	-2,442	-2,310	77	-3.64	182	398	284	514
Enterprise Value (EV)	18,305	13,673	15,712	14,060	14,473	14,733	15,325	14,693	16,841	15,032	15,451
Market Capitalization	11,053	8,950	10,028	8,487	8,923	10,127	9,880	9,067	11,033	10,251	9,618
Book Value per Share	$13.63	$14.22	$10.86	$11.02	$11.19	$11.54	$11.68	$11.39	$11.77	$11.98	$12.20
Tangible Book Value per Share	($15.83)	($10.37)	($13.89)	($13.58)	($13.31)	($13.07)	($13.10)	($13.92)	($14.00)	($13.70)	($13.55)
Total Capital	11,206	10,363	8,826	8,820	8,929	8,318	9,011	9,567	9,393	8,568	9,481
Total Debt	7,646	6,642	5,972	5,921	5,978	5,271	5,920	6,533	6,295	5,406	6,247
Total Long-Term Debt	7,536	5,099	5,930	5,879	5,034	4,307	4,977	6,109	6,254	5,374	6,211
Net Debt	7,244	4,715	5,676	5,565	5,542	4,599	5,436	5,612	5,793	4,767	5,808
Capital Expenditures (CapEx)	83	120	111	81	79	133	118	115	110	124	120
Debt-free, Cash-free Net Working Capital (DFCFNWC)	558	-194	424	356	385	-516	257	160	330	-631	375
Debt-free Net Working Capital (DFNWC)	961	1,733	720	713	821	157	741	1,080	832	7.71	814
Net Working Capital (NWC)	850	190	678	670	-123	-808	-202	656	791	-24	778
Net Nonoperating Expense (NNE)	-243	20	62	63	59	45	57	66	65	89	58
Net Nonoperating Obligations (NNO)	7,244	3,847	5,676	5,565	5,542	4,599	5,436	5,612	5,793	4,767	5,808
Total Depreciation and Amortization (D&A)	101	103	106	109	108	113	113	117	122	124	126
Debt-free, Cash-free Net Working Capital to Revenue	3.43%	-1.21%	2.56%	1.81%	1.93%	-2.96%	1.46%	0.91%	1.85%	-3.41%	1.99%
Debt-free Net Working Capital to Revenue	5.90%	10.78%	4.34%	3.63%	4.11%	0.90%	4.22%	6.13%	4.65%	0.04%	4.33%
Net Working Capital to Revenue	5.22%	1.18%	4.09%	3.41%	-0.61%	-4.64%	-1.15%	3.72%	4.42%	-0.13%	4.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.94	$0.57	$0.11	$0.20	$0.22	$0.47	$0.40	$0.23	$0.27	$0.33	$0.37
Adjusted Weighted Average Basic Shares Outstanding	360.72M	360.26M	262.05M	262.84M	263.39M	263.05M	264.88M	264.81M	262.66M	263.86M	263.13M
Adjusted Diluted Earnings per Share	$0.93	$0.57	$0.11	$0.20	$0.22	$0.47	$0.39	$0.23	$0.27	$0.33	$0.36
Adjusted Weighted Average Diluted Shares Outstanding	363.24M	363.03M	264.29M	265.28M	266.58M	266.20M	268.69M	267.42M	265.35M	267.35M	266.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.57	$0.00	$0.00	$0.00	$0.47	$0.00	$0.00	$0.00	$0.33	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	360.89M	361.53M	262.45M	262.99M	263.45M	263.95M	265.10M	262.07M	262.85M	262.93M	262.84M
Normalized Net Operating Profit after Tax (NOPAT)	96	151	91	116	117	168	162	128	137	175	155
Normalized NOPAT Margin	2.37%	3.59%	2.06%	2.76%	2.68%	3.80%	3.57%	2.99%	2.95%	3.47%	3.20%
Pre Tax Income Margin	9.78%	2.49%	1.19%	1.73%	1.83%	3.61%	3.11%	1.97%	2.08%	2.15%	2.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.53	0.00	0.00	1.84	1.98	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.85	0.00	0.00	1.34	1.44	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	3.79	0.00	0.00	0.90	1.02	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.11	0.00	0.00	0.40	0.47	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.91%	17.00%	17.72%	17.22%	30.23%	38.05%	30.27%	30.32%	29.87%	33.95%	36.10%
Augmented Payout Ratio	20.91%	17.00%	17.72%	17.22%	30.23%	38.05%	30.27%	30.32%	29.87%	85.98%	93.64%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, four-year look at Aramark (ARMK) based on the quarterly cashflow, income statement, and balance sheet figures you provided. The bullets highlight what looks most relevant for retail investors assessing trends and risks.

Total revenue has trended higher over the four-year window, rising from roughly $3.9–4.6B in 2023 to the mid-$4B range in 2024–2025, with Q1 2026 revenue at about $4.83B.
Net income attributable to common shareholders has improved in recent quarters, reaching about $96.2M in Q1 2026 (vs about $86.7M in Q4 2025 and roughly $71.8M in Q3 2025).
Operating cash flow showed solid strength in late 2024–2025, including Net cash from continuing operating activities of about $1.18B in Q4 2025, indicating stronger cash generation during that period.
The company pays a quarterly dividend per share of $0.12, signaling ongoing shareholder returns (Q1 2026 data).
Very large goodwill (~$4.89B in Q1 2026) and intangible assets (~$1.88B) reflect a history of acquisitions and asset-book growth, which can both support scale and pose impairment risk if growth slows.
Total liabilities (~$10.31B) compare with equity (~$3.21B), yielding a high leverage picture (roughly 3.2x debt-to-equity at the latest period), a key credit/profile consideration for investors.
Working capital dynamics show recurring cash use tied to operating changes, with Changes in Operating Assets and Liabilities net often negative (e.g., -$925.6M in Q1 2026), signaling cash needs tied to operating activity.
Net cash from continuing operating activities has been negative in several quarters (e.g., -$782.2M in Q1 2026; other quarters also show negative operating cash flow windows), highlighting cash-creation volatility.
Net change in cash and equivalents for some quarters has been negative (e.g., Q1 2026 net change in cash -$198.8M), despite financing inflows and significant investing activity, underscoring cash-flow variability.
The company has engaged in substantial debt issuance across multiple quarters (for example, Issuance of Debt around $2.51B in Q2 2025 and additional issuances in other periods), which increases interest expense and leverage risk if cash generation slows.

05/06/26 12:03 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Aramark's Financials

When does Aramark's financial year end?

According to the most recent income statement we have on file, Aramark's fiscal year ends in October. Their fiscal year 2025 ended on October 3, 2025.

How has Aramark's net income changed over the last 10 years?

In the past 10 years, Aramark's net income has ranged from -$461.44 million in 2020 to $674.11 million in 2023, and is currently $326.39 million as of their latest financial filing in 2025. See where experts think Aramark is headed by visiting Aramark's forecast page.

What is Aramark's operating income?

Aramark's total operating income in 2025 was $791.85 million, based on the following breakdown:

Total Gross Profit: $1.55 billion
Total Operating Expenses: $754.78 million

How has Aramark's revenue changed over the last 10 years?

Over the last 10 years, Aramark's total revenue changed from $14.33 billion in 2015 to $18.51 billion in 2025, a change of 29.2%.

How much debt does Aramark have?

Aramark's total liabilities were at $10.14 billion at the end of 2025, a 5.3% increase from 2024, and a 22.2% increase since 2015.

How much cash does Aramark have?

In the past 10 years, Aramark's cash and equivalents has ranged from $122.42 million in 2015 to $2.51 billion in 2020, and is currently $639.10 million as of their latest financial filing in 2025.

How has Aramark's book value per share changed over the last 10 years?

Over the last 10 years, Aramark's book value per share changed from 7.87 in 2015 to 11.98 in 2025, a change of 52.3%.

Related Companies

Financial statements for NYSE:ARMK last updated on 2/11/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Aramark (ARMK) Financials

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