Performance Food Group (PFGC) Financials

$98.66 -0.47 (-0.47%)

Closing price 07/18/2025 03:59 PM Eastern

Extended Trading

$98.82 +0.16 (+0.16%)

As of 07/18/2025 07:44 PM Eastern

Annual Income Statements for Performance Food Group

This table shows Performance Food Group'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	6/27/2015	7/2/2016	7/1/2017	6/30/2018	6/29/2019	6/27/2020	7/3/2021	7/2/2022	7/1/2023	6/29/2024
Net Income / (Loss) Attributable to Common Shareholders	57	68	96	199	167	-114	41	113	397	436
Consolidated Net Income / (Loss)	57	68	96	199	167	-114	41	113	397	436
Net Income / (Loss) Continuing Operations	57	68	96	199	167	-114	41	113	397	436
Total Pre-Tax Income	97	115	158	194	218	-222	55	167	544	597
Total Operating Income	160	202	211	254	283	-99	201	327	766	826
Total Gross Profit	1,848	2,010	2,125	2,293	2,513	2,869	3,525	5,256	6,255	6,577
Total Revenue	15,270	16,105	16,762	17,620	19,744	25,086	30,399	50,894	57,255	58,281
Operating Revenue	15,270	16,105	16,762	17,620	19,744	25,086	30,399	50,894	57,255	58,281
Total Cost of Revenue	13,422	14,095	14,637	15,327	17,231	22,217	26,874	45,638	51,000	51,704
Operating Cost of Revenue	13,422	14,095	14,637	15,327	17,231	22,217	26,874	45,638	51,000	51,704
Total Operating Expenses	1,688	1,808	1,914	2,039	2,230	2,968	3,325	4,929	5,489	5,751
Other Operating Expenses / (Income)	1,688	1,808	1,914	2,039	2,230	2,968	3,325	4,929	5,489	5,751
Total Other Income / (Expense), net	-64	-88	-53	-60	-65	-123	-146	-160	-222	-230
Interest Expense	86	84	55	60	65	117	152	183	218	232
Other Income / (Expense), net	22	-3.80	1.60	0.50	0.40	-6.30	6.40	23	-3.80	2.60
Income Tax Expense	40	46	61	-5.10	52	-108	14	55	147	161
Basic Earnings per Share	$0.65	$0.71	$0.96	$1.95	$1.61	($1.01)	$0.31	$0.75	$2.58	$2.82
Weighted Average Basic Shares Outstanding	86.87M	96.40M	100.20M	102M	103.80M	113M	132.10M	149.80M	154.20M	154.40M
Diluted Earnings per Share	$0.64	$0.70	$0.93	$1.90	$1.59	($1.01)	$0.30	$0.74	$2.54	$2.79
Weighted Average Diluted Shares Outstanding	87.61M	98.10M	103M	104.60M	105.20M	113M	133.40M	151.30M	156.10M	156M
Weighted Average Basic & Diluted Shares Outstanding	-	103.31M	100.30M	101.90M	103.60M	132.74M	134.04M	155.27M	156.19M	155.84M

This table shows Performance Food Group'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	Q2 2025	Q3 2025
Period end date	7/2/2022	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/28/2024	12/30/2023	3/30/2024	6/29/2024	12/28/2024	3/29/2025
Net Income / (Loss) Attributable to Common Shareholders	99	96	71	80	150	108	78	70	167	42	58
Consolidated Net Income / (Loss)	76	96	71	80	150	108	78	70	167	42	58
Net Income / (Loss) Continuing Operations	99	96	71	80	150	108	78	70	167	42	58
Total Pre-Tax Income	116	130	96	112	206	147	112	97	225	57	79
Total Operating Income	153	191	144	169	262	215	174	155	281	159	174
Total Gross Profit	1,490	1,575	1,500	1,512	1,668	1,764	1,598	1,569	1,747	1,828	1,822
Total Revenue	14,590	14,719	13,899	13,771	14,865	15,416	14,296	13,858	15,189	15,638	15,306
Operating Revenue	14,590	14,719	13,899	13,771	14,865	15,416	14,296	13,858	15,189	15,638	15,306
Total Cost of Revenue	13,100	13,144	12,399	12,259	13,197	13,651	12,698	12,289	13,442	13,810	13,484
Operating Cost of Revenue	13,100	13,144	12,399	12,259	13,197	13,651	12,698	12,289	13,442	13,810	13,484
Total Operating Expenses	1,337	1,384	1,356	1,343	1,407	1,549	1,424	1,414	1,466	1,669	1,648
Other Operating Expenses / (Income)	1,337	1,384	1,356	1,343	1,407	1,549	1,424	1,414	1,466	1,669	1,648
Total Other Income / (Expense), net	-14	-61	-48	-57	-56	-68	-62	-58	-56	-102	-96
Interest Expense	48	50	56	56	56	67	61	57	58	100	97
Other Income / (Expense), net	34	-11	7.90	-1.10	0.30	-1.60	-0.80	-1.00	1.20	-1.90	1.00
Income Tax Expense	40	34	25	32	56	39	33	26	59	14	20
Basic Earnings per Share	$0.52	$0.62	$0.46	$0.52	$0.98	$0.70	$0.51	$0.46	$1.07	$0.27	$0.38
Weighted Average Basic Shares Outstanding	149.80M	153.80M	154.10M	154.50M	154.20M	154.60M	154.20M	154.30M	154.40M	154.60M	155M
Diluted Earnings per Share	$0.51	$0.62	$0.46	$0.51	$0.95	$0.69	$0.50	$0.45	$1.07	$0.27	$0.37
Weighted Average Diluted Shares Outstanding	151.30M	155.60M	156.10M	156.50M	156.10M	156.20M	155.70M	156.10M	156M	156.30M	156.50M
Weighted Average Basic & Diluted Shares Outstanding	155.27M	155.67M	156.14M	156.15M	156.19M	155.81M	155.59M	155.61M	155.84M	156.22M	156.09M

This table details how cash moves in and out of Performance Food Group'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	6/27/2015	7/2/2016	7/1/2017	6/30/2018	6/29/2019	6/27/2020	7/3/2021	7/2/2022	7/1/2023	6/29/2024
Net Change in Cash & Equivalents	3.90	-5.60	-2.80	-3.20	7.60	406	-410	-3.50	1.30	7.70
Net Cash From Operating Activities	127	229	202	367	317	624	65	277	832	1,163
Net Cash From Continuing Operating Activities	127	229	202	367	317	624	65	277	832	1,163
Net Income / (Loss) Continuing Operations	57	68	96	199	167	-114	41	113	397	436
Consolidated Net Income / (Loss)	57	68	96	199	167	-114	41	113	397	436
Depreciation Expense	76	81	92	100	116	179	214	280	316	355
Amortization Expense	55	59	39	34	43	104	138	193	191	212
Non-Cash Adjustments To Reconcile Net Income	6.90	31	22	42	27	131	50	368	98	123
Changes in Operating Assets and Liabilities, net	-68	-9.80	-48	-8.40	-36	324	-378	-676	-170	37
Net Cash From Investing Activities	-101	-158	-332	-209	-349	-2,146	-200	-1,862	-295	-683
Net Cash From Continuing Investing Activities	-101	-159	-332	-209	-349	-2,146	-200	-1,862	-295	-683
Purchase of Property, Plant & Equipment	-99	-121	-140	-140	-139	-158	-189	-216	-270	-396
Acquisitions	-0.40	-39	-193	-71	-212	-1,989	-18	-1,651	-64	-308
Sale of Property, Plant & Equipment	3.40	1.10	1.10	1.80	1.30	1.00	7.10	4.50	39	21
Net Cash From Financing Activities	-23	-77	128	-161	40	1,929	-274	1,582	-536	-473
Net Cash From Continuing Financing Activities	-23	-77	128	-161	40	1,929	-274	1,582	-536	-473
Repayment of Debt	-25	-655	-5.60	-7.30	-4.80	-46	-0.90	645	-0.30	-275
Repurchase of Common Equity	-	-	0.00	0.00	-9.30	-5.00	0.00	0.00	-11	-78
Payment of Dividends	-0.20	0.00	-1.30	-9.00	-5.70	-4.80	-136	-6.90	0.00	0.00
Issuance of Debt	0.00	350	135	-120	79	1,076	-16	1,000	-454	6.80
Issuance of Common Equity	0.00	226	-	0.00	0.00	828	26	25	28	16
Other Financing Activities, net	1.90	2.00	-0.50	-25	-20	81	-147	-81	-98	-142
Cash Interest Paid	74	69	51	58	66	102	139	152	219	242
Cash Income Taxes Paid	41	57	46	33	11	29	-117	8.70	134	177

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q3 2025
Period end date	4/2/2022	7/2/2022	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	3/29/2025
Net Change in Cash & Equivalents	4.10	-2.10	-1.00	-4.40	2.10	4.60	-4.80	-19	0.20	3.60	-0.40
Net Cash From Operating Activities	237	-114	316	109	233	175	87	501	403	206	448
Net Cash From Continuing Operating Activities	387	-264	316	109	233	175	87	501	403	206	448
Net Income / (Loss) Continuing Operations	23	76	96	71	80	150	121	91	70	167	58
Consolidated Net Income / (Loss)	23	76	96	71	80	150	121	91	70	167	58
Depreciation Expense	76	77	76	77	79	84	84	73	91	94	118
Amortization Expense	51	50	46	50	49	47	48	50	51	53	73
Non-Cash Adjustments To Reconcile Net Income	57	238	44	60	3.80	-11	40	40	22	29	27
Changes in Operating Assets and Liabilities, net	180	-705	54	-150	21	-95	-205	247	168	-137	173
Net Cash From Investing Activities	-70	-73	-40	-121	-59	-75	-267	233	-97	-150	-138
Net Cash From Continuing Investing Activities	-70	-73	-40	-121	-59	-75	-267	233	-97	-150	-138
Purchase of Property, Plant & Equipment	-72	-75	-40	-58	-79	-93	-53	-51	-97	-151	-129
Acquisitions	-	0.60	0.00	-66	1.90	0.10	-215	266	0.20	0.20	-17
Sale of Property, Plant & Equipment	2.80	0.80	0.40	3.20	18	17	0.90	18	0.50	1.30	7.80
Net Cash From Financing Activities	-163	185	-277	7.60	-171	-95	175	-753	-306	-53	-310
Net Cash From Continuing Financing Activities	-163	185	-277	7.60	-171	-95	175	-753	-306	-53	-310
Repayment of Debt	-1.40	1,021	-	-	-381	381	0.00	28	-39	-275	-0.40
Repurchase of Common Equity	-	-	0.00	-	-	-11	-28	-49	-	-	-10
Issuance of Debt	-127	-836	-246	14	232	-454	249	-697	-249	256	-270
Issuance of Common Equity	-	12	-	-	-	13	0.00	-15	16	-	18
Other Financing Activities, net	-35	-5.40	-31	-21	-23	-24	-46	-20	-33	-34	-47
Cash Interest Paid	37	51	42	63	48	66	51	59	51	69	114
Cash Income Taxes Paid	0.40	5.70	22	83	7.50	22	17	108	28	40	27

This table presents Performance Food Group'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	6/27/2015	7/2/2016	7/1/2017	6/30/2018	6/29/2019	6/27/2020	7/3/2021	7/2/2022	7/1/2023	6/29/2024
Total Assets	3,354	3,455	3,804	4,001	4,654	7,720	7,846	12,378	12,499	13,393
Total Current Assets	1,883	1,939	2,085	2,204	2,671	3,454	3,580	6,022	6,072	6,153
Cash & Equivalents	9.20	11	8.10	7.50	15	421	11	12	13	20
Accounts Receivable	965	968	1,029	1,066	1,227	1,259	1,580	2,307	2,399	2,479
Inventories, net	883	920	1,013	1,052	1,357	1,549	1,839	3,429	3,390	3,315
Prepaid Expenses	26	40	35	79	60	69	100	240	228	268
Current Deferred & Refundable Income Taxes	-	-	-	-	12	157	50	34	42	72
Plant, Property, & Equipment, net	595	637	741	796	951	1,479	1,590	2,135	2,264	2,789
Total Noncurrent Assets	876	880	979	1,002	1,032	2,787	2,676	4,222	4,164	4,451
Goodwill	664	674	719	741	766	1,353	1,355	2,279	2,301	2,418
Intangible Assets	167	149	201	194	194	919	796	1,196	1,028	971
Other Noncurrent Operating Assets	25	43	46	57	62	504	514	747	834	1,062
Total Liabilities & Shareholders' Equity	3,354	3,455	3,804	4,001	4,654	7,720	7,846	12,378	12,499	13,393
Total Liabilities	2,861	2,653	2,879	2,866	3,355	5,709	5,740	9,079	8,754	9,266
Total Current Liabilities	1,277	1,317	1,383	1,470	1,699	2,619	2,527	3,633	3,553	3,758
Accounts Payable	896	918	907	973	1,131	1,718	1,777	2,560	2,454	2,594
Accrued Expenses	234	231	246	228	343	678	625	883	892	908
Other Current Liabilities	134	165	218	261	225	115	126	191	208	255
Total Noncurrent Liabilities	1,584	1,336	1,495	1,396	1,656	3,090	3,212	5,446	5,200	5,508
Long-Term Debt	1,376	1,112	1,242	1,123	1,203	2,249	2,241	3,909	3,460	3,199
Capital Lease Obligations	34	32	44	53	129	548	255	367	447	703
Noncurrent Deferred & Payable Income Tax Liabilities	83	81	103	106	108	116	140	424	446	498
Other Noncurrent Operating Liabilities	91	112	106	114	216	177	577	746	847	1,108
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	0.00
Total Equity & Noncontrolling Interests	493	803	926	1,135	1,298	2,011	2,106	3,300	3,746	4,127
Total Preferred & Common Equity	493	803	926	1,135	1,298	2,011	2,106	3,300	3,746	4,127
Total Common Equity	493	803	926	1,135	1,298	2,011	2,106	3,300	3,746	4,127
Common Stock	595	838	857	862	868	1,704	1,754	2,818	2,865	2,820
Retained Earnings	-98	-29	67	265	431	317	357	470	867	1,303
Accumulated Other Comprehensive Income / (Loss)	-4.50	-5.80	2.40	8.30	-0.20	-10	-5.30	11	14	4.00

This table presents Performance Food Group'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	Q2 2025	Q3 2025
Period end date	4/2/2022	10/1/2022	12/31/2022	4/1/2023	9/28/2024	12/30/2023	3/30/2024	12/28/2024	3/29/2025
Total Assets	11,980	12,169	12,190	12,190	14,397	12,913	12,874	17,097	17,123
Total Current Assets	5,568	5,868	5,808	5,833	6,470	5,956	5,823	6,886	6,789
Cash & Equivalents	14	11	6.10	8.20	43	16	17	11	10
Accounts Receivable	2,186	2,297	2,160	2,284	2,497	2,299	2,365	2,588	2,690
Inventories, net	3,085	3,335	3,344	3,247	3,678	3,342	3,107	3,928	3,717
Prepaid Expenses	226	214	216	232	225	237	260	255	243
Current Deferred & Refundable Income Taxes	58	12	82	62	28	62	74	104	128
Plant, Property, & Equipment, net	2,105	2,128	2,157	2,197	2,968	2,466	2,571	3,861	4,003
Total Noncurrent Assets	4,307	4,173	4,225	4,159	4,959	4,490	4,480	6,350	6,332
Goodwill	2,292	2,279	2,304	2,303	2,702	2,418	2,419	3,408	3,455
Intangible Assets	1,244	1,151	1,120	1,074	1,241	1,073	1,023	1,824	1,748
Other Noncurrent Operating Assets	764	743	800	783	1,016	1,000	1,038	1,119	1,129
Total Liabilities & Shareholders' Equity	11,980	12,169	12,190	12,190	14,397	12,913	12,874	17,097	17,123
Total Liabilities	8,775	8,768	8,693	8,608	10,188	9,051	8,921	12,840	12,786
Total Current Liabilities	3,504	3,573	3,396	3,457	3,814	3,488	3,541	4,127	4,207
Accounts Payable	2,556	2,629	2,418	2,477	2,774	2,424	2,508	2,916	3,055
Accrued Expenses	759	754	787	781	770	837	795	911	839
Other Current Liabilities	189	191	192	199	269	227	237	301	314
Total Noncurrent Liabilities	5,271	5,195	5,297	5,151	6,375	5,563	5,380	8,712	8,579
Long-Term Debt	3,721	3,664	3,680	3,532	3,926	3,502	3,215	5,691	5,423
Capital Lease Obligations	909	370	966	979	1,585	536	1,391	966	1,036
Noncurrent Deferred & Payable Income Tax Liabilities	424	412	428	431	592	475	483	842	883
Other Noncurrent Operating Liabilities	217	748	223	209	272	1,050	291	1,213	1,237
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,205	3,401	3,497	3,582	4,208	3,862	3,953	4,257	4,338
Total Preferred & Common Equity	3,205	3,401	3,497	3,582	4,208	3,862	3,953	4,257	4,338
Total Common Equity	3,205	3,401	3,497	3,582	4,208	3,862	3,953	4,257	4,338
Common Stock	2,799	2,820	2,845	2,853	2,799	2,788	2,810	2,808	2,831
Retained Earnings	394	566	637	717	1,411	1,066	1,136	1,453	1,512
Accumulated Other Comprehensive Income / (Loss)	12	15	15	12	-1.40	7.70	6.60	-3.80	-4.90

This table displays calculated financial ratios and metrics derived from Performance Food Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	6/27/2015	7/2/2016	7/1/2017	6/30/2018	6/29/2019	6/27/2020	7/3/2021	7/2/2022	7/1/2023	6/29/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.58%	5.47%	4.08%	5.12%	12.05%	27.06%	21.18%	67.42%	12.50%	1.79%
EBITDA Growth	21.10%	7.55%	1.66%	13.26%	14.00%	-59.94%	214.76%	47.22%	54.29%	10.02%
EBIT Growth	56.75%	8.83%	7.16%	19.47%	11.69%	-137.12%	296.68%	69.00%	117.71%	8.79%
NOPAT Growth	57.83%	28.81%	6.83%	101.93%	-16.80%	-132.01%	315.49%	47.60%	153.67%	7.95%
Net Income Growth	264.52%	20.89%	41.00%	106.33%	-16.05%	-168.41%	135.67%	176.41%	253.07%	9.74%
EPS Growth	255.56%	9.38%	32.86%	104.30%	-16.32%	-163.52%	129.70%	146.67%	243.24%	9.84%
Operating Cash Flow Growth	6.43%	79.36%	-11.73%	81.95%	-13.52%	96.47%	-89.64%	328.02%	200.94%	39.77%
Free Cash Flow Firm Growth	0.00%	104.59%	-280.71%	207.95%	-153.83%	-2,154.31%	102.76%	-5,243.21%	117.45%	-51.24%
Invested Capital Growth	0.00%	2.03%	14.42%	4.52%	13.16%	72.15%	2.13%	65.16%	1.02%	4.82%
Revenue Q/Q Growth	0.00%	2.47%	0.34%	0.95%	7.07%	-0.50%	13.14%	11.59%	0.48%	0.56%
EBITDA Q/Q Growth	0.00%	-2.57%	4.35%	3.49%	3.46%	-60.76%	122.06%	19.88%	6.68%	2.78%
EBIT Q/Q Growth	0.00%	-5.66%	7.48%	5.18%	2.31%	-148.02%	308.35%	42.45%	11.00%	2.54%
NOPAT Q/Q Growth	0.00%	7.58%	7.39%	12.55%	-0.45%	-137.45%	302.21%	20.59%	19.65%	3.06%
Net Income Q/Q Growth	0.00%	-6.82%	13.16%	13.74%	-0.71%	-213.76%	128.68%	65.68%	22.93%	3.91%
EPS Q/Q Growth	0.00%	-10.26%	10.71%	13.10%	-0.63%	-203.06%	122.56%	57.45%	20.95%	4.49%
Operating Cash Flow Q/Q Growth	0.00%	5.11%	-4.90%	11.45%	-20.23%	737.05%	-91.71%	-1.99%	53.21%	2.77%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-46.53%	44.83%	-177.49%	26.93%	-85.60%	2.21%	144.94%	85.55%
Invested Capital Q/Q Growth	0.00%	-1.46%	1.27%	0.30%	8.49%	-14.63%	-4.70%	-3.21%	-5.49%	-6.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.10%	12.48%	12.68%	13.01%	12.73%	11.44%	11.60%	10.33%	10.92%	11.29%
EBITDA Margin	2.06%	2.10%	2.05%	2.21%	2.24%	0.71%	1.84%	1.62%	2.22%	2.40%
Operating Margin	1.05%	1.26%	1.26%	1.44%	1.43%	-0.39%	0.66%	0.64%	1.34%	1.42%
EBIT Margin	1.19%	1.23%	1.27%	1.44%	1.44%	-0.42%	0.68%	0.69%	1.33%	1.42%
Profit (Net Income) Margin	0.37%	0.42%	0.57%	1.13%	0.84%	-0.45%	0.13%	0.22%	0.69%	0.75%
Tax Burden Percent	58.49%	59.65%	61.07%	102.63%	76.41%	51.35%	74.41%	67.33%	73.01%	73.04%
Interest Burden Percent	52.99%	57.71%	74.18%	76.22%	76.95%	211.02%	26.41%	47.74%	71.39%	71.99%
Effective Tax Rate	41.51%	40.35%	38.93%	-2.63%	23.59%	0.00%	25.59%	32.68%	26.99%	26.96%
Return on Invested Capital (ROIC)	9.93%	6.33%	6.24%	11.55%	8.82%	-1.96%	3.30%	3.63%	7.36%	7.71%
ROIC Less NNEP Spread (ROIC-NNEP)	4.60%	2.17%	3.53%	6.52%	4.81%	-4.33%	-1.10%	0.43%	3.39%	3.40%
Return on Net Nonoperating Assets (RNNOA)	12.99%	4.21%	4.90%	7.73%	4.88%	-4.94%	-1.32%	0.53%	3.92%	3.36%
Return on Equity (ROE)	22.92%	10.54%	11.14%	19.28%	13.71%	-6.90%	1.98%	4.16%	11.28%	11.07%
Cash Return on Invested Capital (CROIC)	-190.07%	4.32%	-7.21%	7.13%	-3.52%	-54.98%	1.19%	-45.52%	6.35%	3.01%
Operating Return on Assets (OROA)	5.44%	5.83%	5.86%	6.51%	6.56%	-1.70%	2.66%	3.46%	6.13%	6.40%
Return on Assets (ROA)	1.68%	2.01%	2.65%	5.09%	3.85%	-1.84%	0.52%	1.11%	3.19%	3.37%
Return on Common Equity (ROCE)	22.92%	10.54%	11.14%	19.28%	13.71%	-6.90%	1.98%	4.16%	11.28%	11.07%
Return on Equity Simple (ROE_SIMPLE)	11.46%	8.51%	10.41%	17.50%	12.85%	-5.67%	1.93%	3.41%	10.60%	10.56%
Net Operating Profit after Tax (NOPAT)	94	121	129	260	216	-69	149	220	559	604
NOPAT Margin	0.61%	0.75%	0.77%	1.48%	1.10%	-0.28%	0.49%	0.43%	0.98%	1.04%
Net Nonoperating Expense Percent (NNEP)	5.33%	4.16%	2.71%	5.03%	4.02%	2.37%	4.39%	3.20%	3.97%	4.31%
Cost of Revenue to Revenue	87.90%	87.52%	87.32%	86.99%	87.27%	88.56%	88.40%	89.67%	89.08%	88.71%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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	11.06%	11.23%	11.42%	11.57%	11.29%	11.83%	10.94%	9.68%	9.59%	9.87%
Earnings before Interest and Taxes (EBIT)	182	198	213	254	284	-105	207	350	762	829
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	314	338	343	389	443	178	559	823	1,269	1,396
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	3.44	3.07	3.37	3.24	1.84	3.05	2.22	2.51	2.49
Price to Tangible Book Value (P/TBV)	0.00	0.00	490.08	19.03	12.45	0.00	0.00	0.00	22.61	13.95
Price to Revenue (P/Rev)	0.00	0.17	0.17	0.22	0.21	0.15	0.21	0.14	0.16	0.18
Price to Earnings (P/E)	0.00	40.44	29.52	19.25	25.24	0.00	157.77	65.22	23.68	23.60
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	2.47%	3.39%	5.19%	3.96%	0.00%	0.63%	1.53%	4.22%	4.24%
Enterprise Value to Invested Capital (EV/IC)	0.00	2.02	1.88	2.17	2.12	1.38	1.94	1.53	1.74	1.77
Enterprise Value to Revenue (EV/Rev)	0.00	0.24	0.25	0.28	0.28	0.25	0.29	0.23	0.23	0.24
Enterprise Value to EBITDA (EV/EBITDA)	0.00	11.54	12.04	12.87	12.48	34.81	15.94	14.11	10.48	10.15
Enterprise Value to EBIT (EV/EBIT)	0.00	19.64	19.44	19.70	19.48	0.00	43.00	33.15	17.46	17.09
Enterprise Value to NOPAT (EV/NOPAT)	0.00	32.31	32.07	19.23	25.54	0.00	59.64	52.63	23.79	23.47
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	17.05	20.49	13.63	17.42	9.91	137.86	41.96	15.98	12.18
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	47.34	0.00	31.15	0.00	0.00	165.74	0.00	27.58	60.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.89	1.43	1.40	1.04	1.03	1.44	1.18	1.30	1.04	0.95
Long-Term Debt to Equity	2.86	1.42	1.39	1.04	1.03	1.39	1.18	1.30	1.04	0.95
Financial Leverage	2.83	1.94	1.39	1.19	1.02	1.14	1.20	1.25	1.16	0.99
Leverage Ratio	6.80	5.25	4.20	3.79	3.56	3.74	3.78	3.74	3.53	3.29
Compound Leverage Factor	3.60	3.03	3.12	2.89	2.74	7.89	1.00	1.79	2.52	2.37
Debt to Total Capital	74.26%	58.79%	58.37%	51.05%	50.64%	59.10%	54.23%	56.44%	51.06%	48.60%
Short-Term Debt to Total Capital	0.67%	0.12%	0.53%	0.36%	0.00%	2.19%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	73.59%	58.67%	57.84%	50.69%	50.64%	56.91%	54.23%	56.44%	51.06%	48.60%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	25.74%	41.21%	41.63%	48.95%	49.36%	40.90%	45.77%	43.56%	48.94%	51.40%
Debt to EBITDA	4.53	3.39	3.78	3.05	3.01	16.37	4.47	5.20	3.08	2.79
Net Debt to EBITDA	4.50	3.36	3.76	3.03	2.97	14.00	4.45	5.18	3.07	2.78
Long-Term Debt to EBITDA	4.49	3.39	3.75	3.03	3.01	15.76	4.47	5.20	3.08	2.79
Debt to NOPAT	15.19	9.50	10.07	4.55	6.15	-41.92	16.71	19.40	6.99	6.46
Net Debt to NOPAT	15.09	9.41	10.01	4.52	6.08	-35.85	16.64	19.34	6.97	6.43
Long-Term Debt to NOPAT	15.05	9.48	9.98	4.52	6.15	-40.37	16.71	19.40	6.99	6.46
Altman Z-Score	0.00	5.68	5.43	5.73	5.58	3.78	4.86	4.97	5.77	5.57
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.47	1.47	1.51	1.50	1.57	1.32	1.42	1.66	1.71	1.64
Quick Ratio	0.76	0.74	0.75	0.73	0.73	0.64	0.63	0.64	0.68	0.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,793	82	-149	161	-86	-1,949	54	-2,764	482	235
Operating Cash Flow to CapEx	133.82%	191.05%	145.00%	265.37%	230.33%	397.20%	35.55%	131.04%	360.53%	310.13%
Free Cash Flow to Firm to Interest Expense	-20.92	0.98	-2.71	2.66	-1.32	-16.67	0.35	-15.11	2.21	1.01
Operating Cash Flow to Interest Expense	1.49	2.72	3.67	6.08	4.85	5.33	0.42	1.51	3.82	5.01
Operating Cash Flow Less CapEx to Interest Expense	0.38	1.30	1.14	3.79	2.75	3.99	-0.77	0.36	2.76	3.39
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	4.55	4.73	4.62	4.52	4.56	4.05	3.91	5.03	4.60	4.50
Accounts Receivable Turnover	15.83	16.66	16.79	16.83	17.22	20.18	21.42	26.18	24.33	23.89
Inventory Turnover	15.21	15.64	15.14	14.84	14.31	15.29	15.86	17.33	14.96	15.42
Fixed Asset Turnover	25.68	26.15	24.33	22.94	22.62	20.65	19.81	27.33	26.03	23.07
Accounts Payable Turnover	14.98	15.54	16.04	16.30	16.38	15.60	15.38	21.05	20.35	20.49
Days Sales Outstanding (DSO)	23.06	21.90	21.74	21.69	21.19	18.08	17.04	13.94	15.00	15.28
Days Inventory Outstanding (DIO)	24.00	23.34	24.10	24.59	25.51	23.87	23.01	21.07	24.40	23.67
Days Payable Outstanding (DPO)	24.36	23.49	22.76	22.39	22.28	23.40	23.73	17.34	17.94	17.82
Cash Conversion Cycle (CCC)	22.70	21.75	23.09	23.89	24.43	18.55	16.32	17.67	21.46	21.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,886	1,925	2,202	2,302	2,605	4,484	4,579	7,563	7,640	8,009
Invested Capital Turnover	16.19	8.45	8.12	7.82	8.05	7.08	6.71	8.38	7.53	7.45
Increase / (Decrease) in Invested Capital	1,886	38	278	100	303	1,879	96	2,984	77	368
Enterprise Value (EV)	0.00	3,897	4,132	5,003	5,528	6,178	8,905	11,602	13,301	14,169
Market Capitalization	0.00	2,762	2,842	3,826	4,211	3,694	6,421	7,338	9,406	10,287
Book Value per Share	$5.67	$7.82	$8.92	$10.89	$12.34	$15.18	$15.74	$21.29	$23.99	$26.52
Tangible Book Value per Share	($3.89)	($0.20)	$0.06	$1.93	$3.21	($1.97)	($0.34)	($1.13)	$2.66	$4.74
Total Capital	1,916	1,948	2,223	2,320	2,630	4,916	4,602	7,575	7,653	8,029
Total Debt	1,423	1,146	1,298	1,184	1,332	2,905	2,496	4,276	3,907	3,902
Total Long-Term Debt	1,410	1,143	1,286	1,176	1,332	2,797	2,496	4,276	3,907	3,902
Net Debt	1,413	1,135	1,290	1,177	1,317	2,484	2,484	4,264	3,895	3,882
Capital Expenditures (CapEx)	95	120	139	138	138	157	182	211	231	375
Debt-free, Cash-free Net Working Capital (DFCFNWC)	610	614	705	734	957	522	1,042	2,377	2,506	2,375
Debt-free Net Working Capital (DFNWC)	619	625	713	742	971	943	1,053	2,389	2,518	2,395
Net Working Capital (NWC)	606	622	702	734	971	835	1,053	2,389	2,518	2,395
Net Nonoperating Expense (NNE)	37	52	33	61	50	45	109	108	162	168
Net Nonoperating Obligations (NNO)	1,393	1,122	1,277	1,166	1,306	2,473	2,473	4,264	3,895	3,882
Total Depreciation and Amortization (D&A)	132	139	131	135	159	283	352	473	507	567
Debt-free, Cash-free Net Working Capital to Revenue	3.99%	3.81%	4.21%	4.17%	4.85%	2.08%	3.43%	4.67%	4.38%	4.08%
Debt-free Net Working Capital to Revenue	4.05%	3.88%	4.26%	4.21%	4.92%	3.76%	3.46%	4.69%	4.40%	4.11%
Net Working Capital to Revenue	3.97%	3.86%	4.19%	4.16%	4.92%	3.33%	3.46%	4.69%	4.40%	4.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.71	$0.96	$1.95	$1.61	($1.01)	$0.31	$0.75	$2.58	$2.82
Adjusted Weighted Average Basic Shares Outstanding	0.00	96.45M	100.24M	102M	103.80M	113M	132.10M	149.80M	154.20M	154.40M
Adjusted Diluted Earnings per Share	$0.00	$0.70	$0.93	$1.90	$1.59	($1.01)	$0.30	$0.74	$2.54	$2.79
Adjusted Weighted Average Diluted Shares Outstanding	0.00	98.13M	103.04M	104.60M	105.20M	113M	133.40M	151.30M	156.10M	156M
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	0.00	103.31M	104.08M	104.74M	105.20M	132.74M	134.04M	155.27M	156.19M	155.84M
Normalized Net Operating Profit after Tax (NOPAT)	94	121	129	177	216	-69	149	220	559	604
Normalized NOPAT Margin	0.61%	0.75%	0.77%	1.01%	1.10%	-0.28%	0.49%	0.43%	0.98%	1.04%
Pre Tax Income Margin	0.63%	0.71%	0.94%	1.10%	1.11%	-0.89%	0.18%	0.33%	0.95%	1.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.13	2.36	3.87	4.21	4.34	-0.90	1.36	1.91	3.50	3.57
NOPAT to Interest Expense	1.09	1.44	2.35	4.31	3.31	-0.59	0.98	1.21	2.56	2.60
EBIT Less CapEx to Interest Expense	1.02	0.94	1.34	1.92	2.23	-2.24	0.17	0.76	2.44	1.96
NOPAT Less CapEx to Interest Expense	-0.02	0.01	-0.19	2.02	1.20	-1.94	-0.21	0.05	1.51	0.98
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.35%	0.00%	1.35%	4.53%	3.42%	-4.21%	335.14%	6.13%	0.00%	0.00%
Augmented Payout Ratio	0.35%	0.00%	1.35%	4.53%	8.99%	-8.59%	335.14%	6.13%	2.82%	17.92%

This table displays calculated financial ratios and metrics derived from Performance Food Group's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q2 2025	Q3 2025
Period end date	7/2/2022	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/28/2024	12/30/2023	3/30/2024	6/29/2024	12/28/2024	3/29/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	56.81%	41.72%	8.26%	5.29%	1.89%	4.73%	2.85%	0.63%	2.18%	9.39%	10.45%
EBITDA Growth	77.37%	100.86%	59.28%	60.50%	25.42%	14.37%	5.61%	0.31%	9.61%	-46.89%	23.56%
EBIT Growth	126.73%	264.24%	168.37%	192.67%	40.46%	18.52%	13.96%	-8.23%	7.82%	-9.36%	13.97%
NOPAT Growth	73.35%	241.99%	149.89%	156.79%	90.78%	12.37%	14.54%	-7.08%	9.22%	-2.59%	14.97%
Net Income Growth	142.04%	1,936.17%	746.43%	243.16%	97.50%	12.85%	10.13%	-12.33%	10.93%	-45.85%	-17.19%
EPS Growth	112.50%	1,966.67%	820.00%	240.00%	86.27%	11.29%	8.70%	-11.76%	12.63%	-46.00%	-17.78%
Operating Cash Flow Growth	-5.16%	893.40%	-10.98%	-1.73%	253.29%	-72.43%	360.87%	73.06%	17.95%	0.00%	11.27%
Free Cash Flow Firm Growth	-7,499.66%	117.53%	72.76%	94.96%	103.95%	-528.30%	156.98%	-132.13%	-240.66%	-875.06%	-510.23%
Invested Capital Growth	65.16%	-4.48%	10.36%	3.46%	1.02%	30.33%	-3.10%	5.68%	4.82%	38.32%	26.25%
Revenue Q/Q Growth	11.55%	0.89%	-5.57%	-0.92%	7.94%	3.70%	-7.26%	-3.06%	9.61%	0.00%	-2.12%
EBITDA Q/Q Growth	70.13%	-3.39%	-7.41%	5.47%	32.95%	-11.91%	-14.50%	-7.30%	45.29%	0.00%	133.01%
EBIT Q/Q Growth	225.65%	-3.38%	-15.75%	10.40%	56.29%	-18.47%	-19.00%	-11.09%	83.63%	0.00%	11.79%
NOPAT Q/Q Growth	111.68%	40.95%	-24.44%	13.92%	57.26%	-16.98%	-22.99%	-7.59%	84.84%	0.00%	9.07%
Net Income Q/Q Growth	224.79%	25.92%	-25.71%	12.94%	86.92%	-28.05%	-27.50%	-10.09%	136.51%	0.00%	37.50%
EPS Q/Q Growth	240.00%	21.57%	-25.81%	10.87%	86.27%	-27.37%	-27.54%	-10.00%	137.78%	0.00%	37.04%
Operating Cash Flow Q/Q Growth	-148.18%	376.86%	-65.62%	114.27%	-24.84%	-50.20%	474.63%	-13.75%	-48.77%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	2.61%	116.95%	-234.41%	77.30%	176.34%	-1,938.85%	117.88%	-192.48%	53.74%	0.00%	27.19%
Invested Capital Q/Q Growth	-3.21%	-1.84%	9.58%	-0.63%	-5.49%	26.65%	-18.53%	8.37%	-6.26%	0.00%	-1.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.21%	10.70%	10.79%	10.98%	11.22%	11.44%	11.18%	11.32%	11.50%	11.69%	11.91%
EBITDA Margin	2.14%	2.05%	2.01%	2.14%	2.64%	2.24%	2.07%	2.14%	2.83%	1.00%	2.39%
Operating Margin	1.05%	1.30%	1.04%	1.23%	1.76%	1.40%	1.22%	1.12%	1.85%	1.02%	1.14%
EBIT Margin	1.28%	1.22%	1.09%	1.22%	1.76%	1.39%	1.21%	1.11%	1.86%	1.00%	1.15%
Profit (Net Income) Margin	0.52%	0.65%	0.51%	0.58%	1.01%	0.70%	0.55%	0.51%	1.10%	0.27%	0.38%
Tax Burden Percent	65.40%	73.67%	73.91%	71.82%	72.83%	73.52%	70.10%	72.73%	74.00%	74.78%	74.27%
Interest Burden Percent	62.27%	72.05%	63.33%	66.67%	78.63%	68.74%	64.53%	62.90%	79.62%	36.14%	44.75%
Effective Tax Rate	34.60%	26.33%	26.09%	28.18%	27.17%	26.48%	29.90%	27.27%	26.00%	25.22%	25.73%
Return on Invested Capital (ROIC)	5.74%	6.96%	5.56%	6.31%	9.66%	6.96%	6.21%	5.67%	10.21%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	5.03%	5.91%	4.76%	5.41%	8.67%	5.90%	5.20%	4.74%	9.14%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	6.27%	7.86%	6.33%	7.27%	10.04%	7.36%	6.13%	5.72%	9.03%	0.00%	0.00%
Return on Equity (ROE)	12.01%	14.82%	11.89%	13.58%	19.70%	14.32%	12.34%	11.38%	19.24%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	-45.52%	8.90%	-4.77%	2.48%	6.35%	-19.60%	10.55%	1.52%	3.01%	0.00%	0.00%
Operating Return on Assets (OROA)	6.44%	5.70%	5.10%	5.74%	8.12%	6.05%	5.63%	5.14%	8.38%	0.00%	0.00%
Return on Assets (ROA)	2.62%	3.02%	2.39%	2.75%	4.65%	3.06%	2.55%	2.35%	4.93%	0.00%	0.00%
Return on Common Equity (ROCE)	12.01%	14.82%	11.89%	13.58%	19.70%	14.32%	12.34%	11.38%	19.24%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	0.00%	5.98%	7.61%	9.02%	0.00%	9.73%	10.79%	10.61%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	100	141	106	121	191	158	122	113	208	119	130
NOPAT Margin	0.69%	0.96%	0.77%	0.88%	1.28%	1.03%	0.85%	0.81%	1.37%	0.76%	0.85%
Net Nonoperating Expense Percent (NNEP)	0.71%	1.04%	0.80%	0.90%	0.99%	1.06%	1.01%	0.93%	1.07%	1.43%	1.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	1.63%	1.54%	-	-	1.09%	1.20%
Cost of Revenue to Revenue	89.79%	89.30%	89.21%	89.02%	88.78%	88.56%	88.82%	88.68%	88.50%	88.31%	88.09%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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	9.16%	9.40%	9.75%	9.75%	9.46%	10.05%	9.96%	10.20%	9.65%	10.67%	10.77%
Earnings before Interest and Taxes (EBIT)	187	180	152	168	262	214	173	154	283	157	175
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	313	302	280	295	392	346	295	296	430	157	366
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.22	1.96	2.60	2.63	2.51	2.90	2.79	2.94	2.49	3.11	2.79
Price to Tangible Book Value (P/TBV)	0.00	0.00	125.55	45.89	22.61	45.87	29.01	22.68	13.95	0.00	0.00
Price to Revenue (P/Rev)	0.14	0.12	0.16	0.17	0.16	0.21	0.18	0.20	0.18	0.00	0.00
Price to Earnings (P/E)	65.22	32.77	34.15	27.25	23.68	29.76	25.82	27.68	23.60	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.53%	3.05%	2.93%	3.67%	4.22%	3.36%	3.87%	3.61%	4.24%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.53	1.44	1.69	1.72	1.74	1.82	1.88	1.90	1.77	1.83	1.72
Enterprise Value to Revenue (EV/Rev)	0.23	0.19	0.24	0.24	0.23	0.30	0.25	0.28	0.24	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	14.11	10.98	12.73	11.71	10.48	13.21	10.93	11.93	10.15	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	33.15	22.24	23.83	20.28	17.46	22.20	18.10	20.04	17.09	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	52.63	32.56	34.87	29.80	23.79	30.62	24.95	27.67	23.47	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	41.96	19.07	25.09	25.64	15.98	30.99	15.37	14.32	12.18	20.14	17.93
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	15.81	0.00	70.71	27.58	0.00	17.49	127.82	60.24	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.30	1.19	1.33	1.26	1.04	1.31	1.05	1.17	0.95	1.56	1.49
Long-Term Debt to Equity	1.30	1.19	1.33	1.26	1.04	1.31	1.05	1.17	0.95	1.56	1.49
Financial Leverage	1.25	1.33	1.33	1.34	1.16	1.25	1.18	1.21	0.99	1.31	1.33
Leverage Ratio	3.74	3.64	3.63	3.56	3.53	3.49	3.41	3.33	3.29	3.70	3.62
Compound Leverage Factor	2.33	2.62	2.30	2.37	2.78	2.40	2.20	2.09	2.62	1.34	1.62
Debt to Total Capital	56.44%	54.26%	57.06%	55.74%	51.06%	56.70%	51.12%	53.81%	48.60%	61.00%	59.82%
Short-Term Debt 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%
Long-Term Debt to Total Capital	56.44%	54.26%	57.06%	55.74%	51.06%	56.70%	51.12%	53.81%	48.60%	61.00%	59.82%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.56%	45.74%	42.94%	44.26%	48.94%	43.30%	48.88%	46.19%	51.40%	39.00%	40.18%
Debt to EBITDA	5.20	4.14	4.31	3.79	3.08	4.12	2.99	3.39	2.79	0.00	0.00
Net Debt to EBITDA	5.18	4.13	4.30	3.79	3.07	4.09	2.97	3.38	2.78	0.00	0.00
Long-Term Debt to EBITDA	5.20	4.14	4.31	3.79	3.08	4.12	2.99	3.39	2.79	0.00	0.00
Debt to NOPAT	19.40	12.28	11.80	9.65	6.99	9.56	6.81	7.87	6.46	0.00	0.00
Net Debt to NOPAT	19.34	12.25	11.78	9.64	6.97	9.48	6.79	7.84	6.43	0.00	0.00
Long-Term Debt to NOPAT	19.40	12.28	11.80	9.65	6.99	9.56	6.81	7.87	6.46	0.00	0.00
Altman Z-Score	4.93	5.34	5.60	5.69	5.63	5.15	5.62	5.66	5.44	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.66	1.64	1.71	1.69	1.71	1.70	1.71	1.64	1.64	1.67	1.61
Quick Ratio	0.64	0.65	0.64	0.66	0.68	0.67	0.66	0.67	0.66	0.63	0.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,884	489	-657	-149	114	-2,094	374	-346	-160	-2,902	-2,113
Operating Cash Flow to CapEx	-154.40%	795.72%	198.18%	380.85%	232.58%	166.54%	1,525.91%	416.01%	137.63%	0.00%	370.33%
Free Cash Flow to Firm to Interest Expense	-60.34	9.70	-11.80	-2.67	2.03	-31.34	6.10	-6.06	-2.78	-28.96	-21.80
Operating Cash Flow to Interest Expense	-2.39	6.27	1.95	4.16	3.12	1.30	8.15	7.05	3.58	0.00	4.62
Operating Cash Flow Less CapEx to Interest Expense	-3.93	5.48	0.97	3.07	1.78	0.52	7.62	5.36	0.98	0.00	3.38
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	5.03	4.65	4.66	4.72	4.60	4.36	4.65	4.62	4.50	0.00	0.00
Accounts Receivable Turnover	26.18	24.76	26.85	25.50	24.33	24.18	26.17	24.93	23.89	0.00	0.00
Inventory Turnover	17.33	15.98	15.42	16.08	14.96	14.69	15.50	16.20	15.42	0.00	0.00
Fixed Asset Turnover	27.33	26.90	26.43	26.49	26.03	22.74	25.24	24.31	23.07	0.00	0.00
Accounts Payable Turnover	21.05	19.80	20.71	20.23	20.35	19.07	21.40	20.64	20.49	0.00	0.00
Days Sales Outstanding (DSO)	13.94	14.74	13.59	14.32	15.00	15.10	13.95	14.64	15.28	0.00	0.00
Days Inventory Outstanding (DIO)	21.07	22.84	23.67	22.70	24.40	24.85	23.55	22.54	23.67	0.00	0.00
Days Payable Outstanding (DPO)	17.34	18.43	17.62	18.05	17.94	19.14	17.05	17.68	17.82	0.00	0.00
Cash Conversion Cycle (CCC)	17.67	19.15	19.65	18.97	21.46	20.80	20.45	19.49	21.12	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,563	7,424	8,136	8,084	7,640	9,676	7,883	8,543	8,009	10,904	10,786
Invested Capital Turnover	8.38	7.27	7.26	7.17	7.53	6.78	7.28	6.97	7.45	0.00	0.00
Increase / (Decrease) in Invested Capital	2,984	-348	764	270	77	2,252	-253	459	368	3,021	2,242
Enterprise Value (EV)	11,602	10,693	13,729	13,924	13,301	17,656	14,782	16,203	14,169	19,900	18,530
Market Capitalization	7,338	6,669	9,090	9,422	9,406	12,188	10,760	11,613	10,287	13,253	12,082
Book Value per Share	$21.29	$21.90	$22.46	$22.94	$23.99	$27.00	$24.82	$25.41	$26.52	$27.32	$27.77
Tangible Book Value per Share	($1.13)	($0.19)	$0.47	$1.31	$2.66	$1.71	$2.38	$3.29	$4.74	($6.25)	($5.54)
Total Capital	7,575	7,435	8,142	8,093	7,653	9,719	7,900	8,560	8,029	10,915	10,796
Total Debt	4,276	4,034	4,646	4,511	3,907	5,511	4,038	4,606	3,902	6,658	6,458
Total Long-Term Debt	4,276	4,034	4,646	4,511	3,907	5,511	4,038	4,606	3,902	6,658	6,458
Net Debt	4,264	4,024	4,639	4,503	3,895	5,468	4,022	4,590	3,882	6,647	6,448
Capital Expenditures (CapEx)	74	40	55	61	75	52	33	97	150	0.00	121
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,377	2,284	2,406	2,368	2,506	2,614	2,452	2,266	2,375	2,748	2,572
Debt-free Net Working Capital (DFNWC)	2,389	2,294	2,412	2,376	2,518	2,656	2,469	2,282	2,395	2,758	2,582
Net Working Capital (NWC)	2,389	2,294	2,412	2,376	2,518	2,656	2,469	2,282	2,395	2,758	2,582
Net Nonoperating Expense (NNE)	24	45	35	41	41	50	44	42	42	76	71
Net Nonoperating Obligations (NNO)	4,264	4,024	4,639	4,503	3,895	5,468	4,022	4,590	3,882	6,647	6,448
Total Depreciation and Amortization (D&A)	126	122	128	127	130	132	122	142	147	0.00	190
Debt-free, Cash-free Net Working Capital to Revenue	4.67%	4.14%	4.27%	4.16%	4.38%	4.51%	4.20%	3.91%	4.08%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	4.69%	4.15%	4.28%	4.17%	4.40%	4.58%	4.23%	3.94%	4.11%	0.00%	0.00%
Net Working Capital to Revenue	4.69%	4.15%	4.28%	4.17%	4.40%	4.58%	4.23%	3.94%	4.11%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.52	$0.62	$0.46	$0.52	$0.98	$0.70	$0.51	$0.46	$1.07	$0.27	$0.38
Adjusted Weighted Average Basic Shares Outstanding	149.80M	153.80M	154.10M	154.50M	154.20M	154.60M	154.20M	154.30M	154.40M	154.60M	155M
Adjusted Diluted Earnings per Share	$0.51	$0.62	$0.46	$0.51	$0.95	$0.69	$0.50	$0.45	$1.07	$0.27	$0.37
Adjusted Weighted Average Diluted Shares Outstanding	151.30M	155.60M	156.10M	156.50M	156.10M	156.20M	155.70M	156.10M	156M	156.30M	156.50M
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	155.27M	155.67M	156.14M	156.15M	156.19M	155.81M	155.59M	155.61M	155.84M	156.22M	156.09M
Normalized Net Operating Profit after Tax (NOPAT)	100	141	106	121	191	158	122	113	208	119	130
Normalized NOPAT Margin	0.69%	0.96%	0.77%	0.88%	1.28%	1.03%	0.85%	0.81%	1.37%	0.76%	0.85%
Pre Tax Income Margin	0.80%	0.88%	0.69%	0.81%	1.39%	0.95%	0.78%	0.70%	1.48%	0.36%	0.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.90	3.58	2.73	3.00	4.68	3.20	2.82	2.70	4.91	1.57	1.81
NOPAT to Interest Expense	2.09	2.79	1.91	2.17	3.40	2.37	1.99	1.97	3.62	1.19	1.34
EBIT Less CapEx to Interest Expense	2.36	2.79	1.74	1.91	3.34	2.42	2.29	1.00	2.30	0.00	0.56
NOPAT Less CapEx to Interest Expense	0.54	2.01	0.93	1.08	2.06	1.59	1.45	0.28	1.01	0.00	0.09
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.13%	0.00%	2.59%	2.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	6.13%	0.00%	2.59%	2.14%	2.82%	9.87%	21.43%	21.29%	17.92%	0.00%	0.00%

Key Financial Trends

Performance Food Group Co. (PFGC) generated strong top-line growth over the past year, with year-over-year revenue up more than 10% in Q3 2025. Gross and EBITDA margins expanded slightly, while operating cash flow increased. However, net income declined, free cash flow to the firm remained deeply negative, and leverage stays elevated.

Revenue grew 10.45% year-over-year to $15.31 billion in Q3 2025, extending four consecutive quarters of double-digit growth.
Gross margin expanded to 11.91% in Q3 2025, up from 11.30% in Q3 2024, reflecting improved pricing and cost control.
EBITDA margin improved to 2.39% in Q3 2025 versus 2.14% in Q3 2024, driven by higher gross profit and stable SG&A.
Operating cash flow rose 11.2% to $448 million in Q3 2025 from $402.7 million in Q3 2024, supporting working capital needs.
EPS grew 37.0% quarter-over-quarter (Q3 2025 vs. Q2 2025), reflecting seasonal recovery and cost discipline.
Capital expenditures of $121 million in Q3 2025 remain modest relative to depreciation & amortization of $190 million.
Liquidity metrics: current ratio of 1.61x and quick ratio of 0.64x suggest moderate coverage of short-term obligations.
Net income fell 17.2% year-over-year to $58.3 million in Q3 2025, weighed down by higher interest expense and low net margins.
Free Cash Flow to Firm (FCFF) was -$2.11 billion in Q3 2025, driven by a $2.24 billion increase in invested capital.
Leverage remains high: debt-to-equity at 1.49x and a leverage ratio of 3.62x, exposing the company to interest rate risk.

07/19/25 05:54 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Performance Food Group's Financials

When does Performance Food Group's financial year end?

According to the most recent income statement we have on file, Performance Food Group's fiscal year ends in June. Their fiscal year 2024 ended on June 29, 2024.

How has Performance Food Group's net income changed over the last 9 years?

Performance Food Group's net income appears to be on an upward trend, with a most recent value of $435.90 million in 2024, rising from $56.50 million in 2015. The previous period was $397.20 million in 2023. View Performance Food Group's forecast to see where analysts expect Performance Food Group to go next.

What is Performance Food Group's operating income?

Performance Food Group's total operating income in 2024 was $826.40 million, based on the following breakdown:

Total Gross Profit: $6.58 billion
Total Operating Expenses: $5.75 billion

How has Performance Food Group's revenue changed over the last 9 years?

Over the last 9 years, Performance Food Group's total revenue changed from $15.27 billion in 2015 to $58.28 billion in 2024, a change of 281.7%.

How much debt does Performance Food Group have?

Performance Food Group's total liabilities were at $9.27 billion at the end of 2024, a 5.9% increase from 2023, and a 223.9% increase since 2015.

How much cash does Performance Food Group have?

In the past 9 years, Performance Food Group's cash and equivalents has ranged from $7.50 million in 2018 to $420.70 million in 2020, and is currently $20 million as of their latest financial filing in 2024.

How has Performance Food Group's book value per share changed over the last 9 years?

Over the last 9 years, Performance Food Group's book value per share changed from 5.67 in 2015 to 26.52 in 2024, a change of 367.3%.

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This page (NYSE:PFGC) was last updated on 7/19/2025 by MarketBeat.com Staff

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Performance Food Group (PFGC) Financials

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Performance Food Group (PFGC) Financials

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