What is Performance Food Group's operating income?

Performance Food Group's total operating income in 2026 was $887.50 million, based on the following breakdown: Total Gross Profit: $8.09 billion Total Operating Expenses: $7.20 billion

Performance Food Group (PFGC) Financials

$104.99 +1.01 (+0.97%)

As of 08/21/2026 03:58 PM Eastern

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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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/28/2025	6/27/2026
Net Income / (Loss) Attributable to Common Shareholders	68	96	199	167	-114	41	113	397	436	340	359
Consolidated Net Income / (Loss)	68	96	199	167	-114	41	113	397	436	340	359
Net Income / (Loss) Continuing Operations	68	96	199	167	-114	41	113	397	436	340	359
Total Pre-Tax Income	115	158	194	218	-222	55	167	544	597	459	486
Total Operating Income	202	211	254	283	-99	201	327	766	826	816	888
Total Gross Profit	2,010	2,125	2,293	2,513	2,869	3,525	5,256	6,255	6,577	7,417	8,091
Total Revenue	16,105	16,762	17,620	19,744	25,086	30,399	50,894	57,255	58,281	63,299	67,840
Operating Revenue	16,105	16,762	17,620	19,744	25,086	30,399	50,894	57,255	58,281	63,299	67,840
Total Cost of Revenue	14,095	14,637	15,327	17,231	22,217	26,874	45,638	51,000	51,704	55,882	59,749
Operating Cost of Revenue	14,095	14,637	15,327	17,231	22,217	26,874	45,638	51,000	51,704	55,882	59,749
Total Operating Expenses	1,808	1,914	2,039	2,230	2,968	3,325	4,929	5,489	5,751	6,600	7,203
Other Operating Expenses / (Income)	1,808	1,914	2,039	2,230	2,968	3,325	4,929	5,489	5,751	6,600	7,203
Total Other Income / (Expense), net	-88	-53	-60	-65	-123	-146	-160	-222	-230	-358	-402
Interest Expense	84	55	60	65	117	152	183	218	232	358	414
Other Income / (Expense), net	-3.80	1.60	0.50	0.40	-6.30	6.40	23	-3.80	2.60	0.90	12
Income Tax Expense	46	61	-5.10	52	-108	14	55	147	161	119	127
Basic Earnings per Share	$0.71	$0.96	$1.95	$1.61	($1.01)	$0.31	$0.75	$2.58	$2.82	$2.20	$2.30
Weighted Average Basic Shares Outstanding	96.40M	100.20M	102M	103.80M	113M	132.10M	149.80M	154.20M	154.40M	154.80M	155.90M
Diluted Earnings per Share	$0.70	$0.93	$1.90	$1.59	($1.01)	$0.30	$0.74	$2.54	$2.79	$2.18	$2.29
Weighted Average Diluted Shares Outstanding	98.10M	103M	104.60M	105.20M	113M	133.40M	151.30M	156.10M	156M	156.40M	157M
Weighted Average Basic & Diluted Shares Outstanding	103.31M	100.30M	101.90M	103.60M	132.74M	134.04M	155.27M	156.19M	155.84M	156.52M	157.53M

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	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026	6/27/2026
Net Income / (Loss) Attributable to Common Shareholders	78	70	167	108	42	58	132	94	62	42	162
Consolidated Net Income / (Loss)	78	70	167	108	42	58	132	94	62	42	162
Net Income / (Loss) Continuing Operations	78	70	167	108	42	58	132	94	62	42	162
Total Pre-Tax Income	112	97	225	147	57	79	177	122	87	56	222
Total Operating Income	174	155	281	215	159	174	268	225	190	149	324
Total Gross Profit	1,598	1,569	1,747	1,764	1,828	1,822	2,002	2,017	1,966	1,939	2,169
Total Revenue	14,296	13,858	15,189	15,416	15,638	15,306	16,939	17,076	16,445	16,290	18,029
Operating Revenue	14,296	13,858	15,189	15,416	15,638	15,306	16,939	17,076	16,445	16,290	18,029
Total Cost of Revenue	12,698	12,289	13,442	13,651	13,810	13,484	14,937	15,059	14,478	14,351	15,860
Operating Cost of Revenue	12,698	12,289	13,442	13,651	13,810	13,484	14,937	15,059	14,478	14,351	15,860
Total Operating Expenses	1,424	1,414	1,466	1,549	1,669	1,648	1,734	1,792	1,776	1,790	1,845
Other Operating Expenses / (Income)	1,424	1,414	1,466	1,549	1,669	1,648	1,734	1,792	1,776	1,790	1,845
Total Other Income / (Expense), net	-62	-58	-56	-68	-102	-96	-91	-103	-103	-93	-102
Interest Expense	61	57	58	67	100	97	95	104	105	103	102
Other Income / (Expense), net	-0.80	-1.00	1.20	-1.60	-1.90	1.00	3.40	1.20	1.10	9.90	-0.20
Income Tax Expense	33	26	59	39	14	20	45	28	25	14	59
Basic Earnings per Share	$0.51	$0.46	$1.07	$0.70	$0.27	$0.38	$0.85	$0.60	$0.40	$0.27	$1.03
Weighted Average Basic Shares Outstanding	154.20M	154.30M	154.40M	154.60M	154.60M	155M	154.80M	155.50M	155.80M	156.10M	155.90M
Diluted Earnings per Share	$0.50	$0.45	$1.07	$0.69	$0.27	$0.37	$0.85	$0.60	$0.39	$0.27	$1.03
Weighted Average Diluted Shares Outstanding	155.70M	156.10M	156M	156.20M	156.30M	156.50M	156.40M	156.90M	156.80M	157M	157M
Weighted Average Basic & Diluted Shares Outstanding	155.59M	155.61M	155.84M	-	156.22M	156.09M	156.52M	156.81M	157.10M	157.09M	157.53M

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/28/2025	6/27/2026
Net Change in Cash & Equivalents	-5.60	-2.80	-3.20	7.60	406	-410	-3.50	1.30	7.70	59	16
Net Cash From Operating Activities	229	202	367	317	624	65	277	832	1,163	1,210	1,414
Net Cash From Continuing Operating Activities	229	202	367	317	624	65	277	832	1,163	1,210	1,414
Net Income / (Loss) Continuing Operations	68	96	199	167	-114	41	113	397	436	340	359
Consolidated Net Income / (Loss)	68	96	199	167	-114	41	113	397	436	340	359
Depreciation Expense	81	92	100	116	179	214	280	316	355	455	542
Amortization Expense	59	39	34	43	104	138	193	191	212	275	285
Non-Cash Adjustments To Reconcile Net Income	31	22	42	27	131	50	368	98	123	534	182
Changes in Operating Assets and Liabilities, net	-9.80	-48	-8.40	-36	324	-378	-676	-170	37	-394	47
Net Cash From Investing Activities	-158	-332	-209	-349	-2,146	-200	-1,862	-295	-683	-3,089	-773
Net Cash From Continuing Investing Activities	-159	-332	-209	-349	-2,146	-200	-1,862	-295	-683	-3,089	-773
Purchase of Property, Plant & Equipment	-121	-140	-140	-139	-158	-189	-216	-270	-396	-506	-384
Acquisitions	-39	-193	-71	-212	-1,989	-18	-1,651	-64	-308	-2,596	-393
Sale of Property, Plant & Equipment	1.10	1.10	1.80	1.30	1.00	7.10	4.50	39	21	13	4.60
Net Cash From Financing Activities	-77	128	-161	40	1,929	-274	1,582	-536	-473	1,938	-625
Net Cash From Continuing Financing Activities	-77	128	-161	40	1,929	-274	1,582	-536	-473	1,938	-625
Repayment of Debt	-655	-5.60	-7.30	-4.80	-46	-0.90	645	-0.30	-275	1,160	-1,066
Repurchase of Common Equity	-	0.00	0.00	-9.30	-5.00	0.00	0.00	-11	-78	-58	-1.50
Payment of Dividends	0.00	-1.30	-9.00	-5.70	-4.80	-136	-6.90	0.00	0.00	-1.50	-10
Issuance of Debt	350	135	-120	79	1,076	-16	1,000	-454	6.80	1,000	676
Issuance of Common Equity	226	-	0.00	0.00	828	26	25	28	16	33	37
Other Financing Activities, net	2.00	-0.50	-25	-20	81	-147	-81	-98	-142	-196	-260
Cash Interest Paid	69	51	58	66	102	139	152	219	242	344	399
Cash Income Taxes Paid	57	46	33	11	29	-117	8.70	134	177	130	8.50

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	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026	6/27/2026
Net Change in Cash & Equivalents	-19	0.20	3.60	23	-32	-0.40	68	-40	3.10	6.60	47
Net Cash From Operating Activities	501	403	206	54	326	448	383	-145	601	616	342
Net Cash From Continuing Operating Activities	501	403	206	54	326	448	383	-145	601	616	342
Net Income / (Loss) Continuing Operations	91	70	167	108	42	58	132	94	62	42	162
Consolidated Net Income / (Loss)	91	70	167	108	42	58	132	94	62	42	162
Depreciation Expense	73	91	94	97	114	118	126	129	133	137	143
Amortization Expense	50	51	53	58	72	73	73	70	70	71	73
Non-Cash Adjustments To Reconcile Net Income	40	22	29	31	36	27	440	43	51	44	45
Changes in Operating Assets and Liabilities, net	247	168	-137	-241	61	173	-387	-480	286	323	-82
Net Cash From Investing Activities	233	-97	-150	-670	-2,067	-138	-214	-78	-174	-405	-116
Net Cash From Continuing Investing Activities	233	-97	-150	-670	-2,067	-138	-214	-78	-174	-405	-116
Purchase of Property, Plant & Equipment	-51	-97	-151	-97	-107	-129	-173	-79	-113	-74	-118
Acquisitions	266	0.20	0.20	-574	-1,961	-17	-44	0.00	-61	-333	0.80
Sale of Property, Plant & Equipment	18	0.50	1.30	1.00	1.70	7.80	2.90	0.90	0.80	1.10	1.80
Net Cash From Financing Activities	-753	-306	-53	639	1,710	-310	-101	183	-425	-204	-179
Net Cash From Continuing Financing Activities	-753	-306	-53	639	1,710	-310	-101	183	-425	-204	-179
Repayment of Debt	28	-39	-275	-29	-5.30	-0.40	1,194	0.00	-	-1,337	272
Repurchase of Common Equity	-49	-	-	-29	-4.40	-10	-14	0.00	-	-0.90	-0.60
Payment of Dividends	-	-	-	0.00	-	-	-	-1.50	-3.50	-1.50	-3.60
Issuance of Debt	-697	-249	256	736	1,764	-270	-1,230	246	-364	1,178	-384
Other Financing Activities, net	-20	-33	-34	-55	-44	-47	-50	-79	-57	-62	-63
Cash Interest Paid	59	51	69	64	83	114	84	112	95	129	63
Cash Income Taxes Paid	108	28	40	1.00	83	27	19	2.20	-1.20	1.30	6.20

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/28/2025	6/27/2026
Total Assets	3,455	3,804	4,001	4,654	7,720	7,846	12,378	12,499	13,393	17,881	18,849
Total Current Assets	1,939	2,085	2,204	2,671	3,454	3,580	6,022	6,072	6,153	7,135	7,809
Cash & Equivalents	11	8.10	7.50	15	421	11	12	13	20	79	92
Accounts Receivable	968	1,029	1,066	1,227	1,259	1,580	2,307	2,399	2,479	2,833	3,054
Inventories, net	920	1,013	1,052	1,357	1,549	1,839	3,429	3,390	3,315	3,888	4,333
Prepaid Expenses	40	35	79	60	69	100	240	228	268	240	260
Current Deferred & Refundable Income Taxes	-	-	-	12	157	50	34	42	72	96	70
Plant, Property, & Equipment, net	637	741	796	951	1,479	1,590	2,135	2,264	2,789	4,459	4,785
Total Noncurrent Assets	880	979	1,002	1,032	2,787	2,676	4,222	4,164	4,451	6,287	6,255
Goodwill	674	719	741	766	1,353	1,355	2,279	2,301	2,418	3,480	3,565
Intangible Assets	149	201	194	194	919	796	1,196	1,028	971	1,689	1,545
Other Noncurrent Operating Assets	43	46	57	62	504	514	747	834	1,062	1,119	1,146
Total Liabilities & Shareholders' Equity	3,455	3,804	4,001	4,654	7,720	7,846	12,378	12,499	13,393	17,881	18,849
Total Liabilities	2,653	2,879	2,866	3,355	5,709	5,740	9,079	8,754	9,266	13,409	13,950
Total Current Liabilities	1,317	1,383	1,470	1,699	2,619	2,527	3,633	3,553	3,758	4,518	5,159
Accounts Payable	918	907	973	1,131	1,718	1,777	2,560	2,454	2,594	3,165	3,693
Accrued Expenses	231	246	228	343	678	625	883	892	908	1,026	1,091
Other Current Liabilities	165	218	261	225	115	126	191	208	255	326	374
Total Noncurrent Liabilities	1,336	1,495	1,396	1,656	3,090	3,212	5,446	5,200	5,508	8,891	8,791
Long-Term Debt	1,112	1,242	1,123	1,203	2,249	2,241	3,909	3,460	3,199	5,389	5,007
Capital Lease Obligations	32	44	53	129	548	255	367	447	1,523	2,281	1,537
Noncurrent Deferred & Payable Income Tax Liabilities	81	103	106	108	116	140	424	446	498	887	975
Other Noncurrent Operating Liabilities	112	106	114	216	177	577	746	847	289	335	1,272
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	0.00	0.00
Total Equity & Noncontrolling Interests	803	926	1,135	1,298	2,011	2,106	3,300	3,746	4,127	4,472	4,899
Total Preferred & Common Equity	803	926	1,135	1,298	2,011	2,106	3,300	3,746	4,127	4,472	4,899
Total Common Equity	803	926	1,135	1,298	2,011	2,106	3,300	3,746	4,127	4,472	4,899
Common Stock	838	857	862	868	1,704	1,754	2,818	2,865	2,820	2,833	2,901
Retained Earnings	-29	67	265	431	317	357	470	867	1,303	1,643	2,002
Accumulated Other Comprehensive Income / (Loss)	-5.80	2.40	8.30	-0.20	-10	-5.30	11	14	4.00	-3.20	-3.70

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	10/1/2022	12/31/2022	4/1/2023	9/28/2024	12/30/2023	3/30/2024	12/28/2024	3/29/2025	9/27/2025	12/27/2025	3/28/2026
Total Assets	12,169	12,190	12,190	14,397	12,913	12,874	17,097	17,123	18,352	18,183	18,411
Total Current Assets	5,868	5,808	5,833	6,470	5,956	5,823	6,886	6,789	7,606	7,371	7,362
Cash & Equivalents	11	6.10	8.20	43	16	17	11	10	38	41	46
Accounts Receivable	2,297	2,160	2,284	2,497	2,299	2,365	2,588	2,690	2,832	2,733	2,877
Inventories, net	3,335	3,344	3,247	3,678	3,342	3,107	3,928	3,717	4,415	4,253	4,070
Prepaid Expenses	214	216	232	225	237	260	255	243	227	278	294
Current Deferred & Refundable Income Taxes	12	82	62	28	62	74	104	128	94	65	75
Plant, Property, & Equipment, net	2,128	2,157	2,197	2,968	2,466	2,571	3,861	4,003	4,506	4,576	4,705
Total Noncurrent Assets	4,173	4,225	4,159	4,959	4,490	4,480	6,350	6,332	6,240	6,237	6,344
Goodwill	2,279	2,304	2,303	2,702	2,418	2,419	3,408	3,455	3,474	3,505	3,573
Intangible Assets	1,151	1,120	1,074	1,241	1,073	1,023	1,824	1,748	1,620	1,567	1,608
Other Noncurrent Operating Assets	743	800	783	1,016	1,000	1,038	1,119	1,129	1,146	1,165	1,163
Total Liabilities & Shareholders' Equity	12,169	12,190	12,190	14,397	12,913	12,874	17,097	17,123	18,352	18,183	18,411
Total Liabilities	8,768	8,693	8,608	10,188	9,051	8,921	12,840	12,786	13,778	13,534	13,689
Total Current Liabilities	3,573	3,396	3,457	3,814	3,488	3,541	4,127	4,207	4,551	4,615	4,856
Accounts Payable	2,629	2,418	2,477	2,774	2,424	2,508	2,916	3,055	3,367	3,320	3,568
Accrued Expenses	754	787	781	770	837	795	911	839	847	944	924
Other Current Liabilities	191	192	199	269	227	237	301	314	338	351	365
Total Noncurrent Liabilities	5,195	5,297	5,151	6,375	5,563	5,380	8,712	8,579	9,228	8,919	8,833
Long-Term Debt	3,664	3,680	3,532	3,926	3,502	3,215	5,691	5,423	5,637	5,274	5,118
Capital Lease Obligations	370	966	979	1,585	536	1,391	966	1,036	1,434	2,361	1,505
Noncurrent Deferred & Payable Income Tax Liabilities	412	428	431	592	475	483	842	883	903	904	926
Other Noncurrent Operating Liabilities	748	223	209	272	1,050	291	1,213	1,237	1,254	381	1,284
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,401	3,497	3,582	4,208	3,862	3,953	4,257	4,338	4,574	4,649	4,722
Total Preferred & Common Equity	3,401	3,497	3,582	4,208	3,862	3,953	4,257	4,338	4,574	4,649	4,722
Total Common Equity	3,401	3,497	3,582	4,208	3,862	3,953	4,257	4,338	4,574	4,649	4,722
Common Stock	2,820	2,845	2,853	2,799	2,788	2,810	2,808	2,831	2,841	2,854	2,885
Retained Earnings	566	637	717	1,411	1,066	1,136	1,453	1,512	1,737	1,798	1,840
Accumulated Other Comprehensive Income / (Loss)	15	15	12	-1.40	7.70	6.60	-3.80	-4.90	-4.30	-3.40	-3.40

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	6/28/2025	6/27/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	157,089,851.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	157,089,851.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	2.29
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.47%	4.08%	5.12%	12.05%	27.06%	21.18%	67.42%	12.50%	1.79%	8.61%	7.17%
EBITDA Growth	7.55%	1.66%	13.26%	14.00%	-59.94%	214.76%	47.22%	54.29%	10.02%	10.85%	11.51%
EBIT Growth	8.83%	7.16%	19.47%	11.69%	-137.12%	296.68%	69.00%	117.71%	8.79%	-1.42%	10.07%
NOPAT Growth	28.81%	6.83%	101.93%	-16.80%	-132.01%	315.49%	47.60%	153.67%	7.95%	0.28%	8.44%
Net Income Growth	20.89%	41.00%	106.33%	-16.05%	-168.41%	135.67%	176.41%	253.07%	9.74%	-21.95%	5.61%
EPS Growth	9.38%	32.86%	104.30%	-16.32%	-163.52%	129.70%	146.67%	243.24%	9.84%	-21.86%	5.05%
Operating Cash Flow Growth	79.36%	-11.73%	81.95%	-13.52%	96.47%	-89.64%	328.02%	200.94%	39.77%	4.05%	16.83%
Free Cash Flow Firm Growth	104.59%	-280.71%	207.95%	-153.83%	-2,154.31%	102.76%	-5,243.21%	117.45%	-51.24%	-196.08%	152.04%
Invested Capital Growth	2.03%	14.42%	4.52%	13.16%	72.15%	2.13%	65.16%	1.02%	4.82%	26.45%	-5.91%
Revenue Q/Q Growth	2.47%	0.34%	0.95%	7.07%	-0.50%	13.14%	11.59%	0.48%	0.56%	0.00%	1.63%
EBITDA Q/Q Growth	-2.57%	4.35%	3.49%	3.46%	-60.76%	122.06%	19.88%	6.68%	2.78%	0.00%	4.21%
EBIT Q/Q Growth	-5.66%	7.48%	5.18%	2.31%	-148.02%	308.35%	42.45%	11.00%	2.54%	0.00%	6.19%
NOPAT Q/Q Growth	7.58%	7.39%	12.55%	-0.45%	-137.45%	302.21%	20.59%	19.65%	3.06%	0.00%	5.93%
Net Income Q/Q Growth	-6.82%	13.16%	13.74%	-0.71%	-213.76%	128.68%	65.68%	22.93%	3.91%	0.00%	9.38%
EPS Q/Q Growth	-10.26%	10.71%	13.10%	-0.63%	-203.06%	122.56%	57.45%	20.95%	4.49%	0.00%	8.53%
Operating Cash Flow Q/Q Growth	5.11%	-4.90%	11.45%	-20.23%	737.05%	-91.71%	-1.99%	53.21%	2.77%	17.10%	-2.83%
Free Cash Flow Firm Q/Q Growth	0.00%	-46.53%	44.83%	-177.49%	26.93%	-85.60%	2.21%	144.94%	85.55%	0.00%	1,186.90%
Invested Capital Q/Q Growth	-1.46%	1.27%	0.30%	8.49%	-14.63%	-4.70%	-3.21%	-5.49%	-6.26%	0.00%	0.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.48%	12.68%	13.01%	12.73%	11.44%	11.60%	10.33%	10.92%	11.29%	11.72%	11.93%
EBITDA Margin	2.10%	2.05%	2.21%	2.24%	0.71%	1.84%	1.62%	2.22%	2.40%	2.45%	2.54%
Operating Margin	1.26%	1.26%	1.44%	1.43%	-0.39%	0.66%	0.64%	1.34%	1.42%	1.29%	1.31%
EBIT Margin	1.23%	1.27%	1.44%	1.44%	-0.42%	0.68%	0.69%	1.33%	1.42%	1.29%	1.33%
Profit (Net Income) Margin	0.42%	0.57%	1.13%	0.84%	-0.45%	0.13%	0.22%	0.69%	0.75%	0.54%	0.53%
Tax Burden Percent	59.65%	61.07%	102.63%	76.41%	51.35%	74.41%	67.33%	73.01%	73.04%	74.15%	73.96%
Interest Burden Percent	57.71%	74.18%	76.22%	76.95%	211.02%	26.41%	47.74%	71.39%	71.99%	56.14%	54.01%
Effective Tax Rate	40.35%	38.93%	-2.63%	23.59%	0.00%	25.59%	32.68%	26.99%	26.96%	25.85%	26.04%
Return on Invested Capital (ROIC)	6.33%	6.24%	11.55%	8.82%	-1.96%	3.30%	3.63%	7.36%	7.71%	6.06%	5.61%
ROIC Less NNEP Spread (ROIC-NNEP)	2.17%	3.53%	6.52%	4.81%	-4.33%	-1.10%	0.43%	3.39%	3.40%	1.40%	1.38%
Return on Net Nonoperating Assets (RNNOA)	4.21%	4.90%	7.73%	4.88%	-4.94%	-1.32%	0.53%	3.92%	3.36%	1.86%	2.06%
Return on Equity (ROE)	10.54%	11.14%	19.28%	13.71%	-6.90%	1.98%	4.16%	11.28%	11.07%	7.91%	7.67%
Cash Return on Invested Capital (CROIC)	4.32%	-7.21%	7.13%	-3.52%	-54.98%	1.19%	-45.52%	6.35%	3.01%	-17.30%	11.69%
Operating Return on Assets (OROA)	5.83%	5.86%	6.51%	6.56%	-1.70%	2.66%	3.46%	6.13%	6.40%	5.23%	4.90%
Return on Assets (ROA)	2.01%	2.65%	5.09%	3.85%	-1.84%	0.52%	1.11%	3.19%	3.37%	2.18%	1.96%
Return on Common Equity (ROCE)	10.54%	11.14%	19.28%	13.71%	-6.90%	1.98%	4.16%	11.28%	11.07%	7.91%	7.67%
Return on Equity Simple (ROE_SIMPLE)	8.51%	10.41%	17.50%	12.85%	-5.67%	1.93%	3.41%	10.60%	10.56%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	121	129	260	216	-69	149	220	559	604	605	656
NOPAT Margin	0.75%	0.77%	1.48%	1.10%	-0.28%	0.49%	0.43%	0.98%	1.04%	0.96%	0.97%
Net Nonoperating Expense Percent (NNEP)	4.16%	2.71%	5.03%	4.02%	2.37%	4.39%	3.20%	3.97%	4.31%	4.65%	4.23%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	5.38%	5.74%
Cost of Revenue to Revenue	87.52%	87.32%	86.99%	87.27%	88.56%	88.40%	89.67%	89.08%	88.71%	88.28%	88.07%
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	11.23%	11.42%	11.57%	11.29%	11.83%	10.94%	9.68%	9.59%	9.87%	10.43%	10.62%
Earnings before Interest and Taxes (EBIT)	198	213	254	284	-105	207	350	762	829	817	900
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	338	343	389	443	178	559	823	1,269	1,396	1,548	1,726
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.44	3.07	3.37	3.24	1.84	3.05	2.22	2.51	2.49	3.05	3.54
Price to Tangible Book Value (P/TBV)	0.00	490.08	19.03	12.45	0.00	0.00	0.00	22.61	13.95	0.00	0.00
Price to Revenue (P/Rev)	0.17	0.17	0.22	0.21	0.15	0.21	0.14	0.16	0.18	0.22	0.26
Price to Earnings (P/E)	40.44	29.52	19.25	25.24	0.00	157.77	65.22	23.68	23.60	40.13	48.29
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	2.47%	3.39%	5.19%	3.96%	0.00%	0.63%	1.53%	4.22%	4.24%	2.49%	2.07%
Enterprise Value to Invested Capital (EV/IC)	2.02	1.88	2.17	2.12	1.38	1.94	1.53	1.74	1.77	1.82	2.10
Enterprise Value to Revenue (EV/Rev)	0.24	0.25	0.28	0.28	0.25	0.29	0.23	0.23	0.24	0.32	0.35
Enterprise Value to EBITDA (EV/EBITDA)	11.54	12.04	12.87	12.48	34.81	15.94	14.11	10.48	10.15	13.14	13.79
Enterprise Value to EBIT (EV/EBIT)	19.64	19.44	19.70	19.48	0.00	43.00	33.15	17.46	17.09	24.89	26.46
Enterprise Value to NOPAT (EV/NOPAT)	32.31	32.07	19.23	25.54	0.00	59.64	52.63	23.79	23.47	33.61	36.26
Enterprise Value to Operating Cash Flow (EV/OCF)	17.05	20.49	13.63	17.42	9.91	137.86	41.96	15.98	12.18	16.81	16.84
Enterprise Value to Free Cash Flow (EV/FCFF)	47.34	0.00	31.15	0.00	0.00	165.74	0.00	27.58	60.24	0.00	17.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.43	1.40	1.04	1.03	1.44	1.18	1.30	1.04	0.95	1.51	1.34
Long-Term Debt to Equity	1.42	1.39	1.04	1.03	1.39	1.18	1.30	1.04	0.95	1.51	1.34
Financial Leverage	1.94	1.39	1.19	1.02	1.14	1.20	1.25	1.16	0.99	1.32	1.50
Leverage Ratio	5.25	4.20	3.79	3.56	3.74	3.78	3.74	3.53	3.29	3.64	3.92
Compound Leverage Factor	3.03	3.12	2.89	2.74	7.89	1.00	1.79	2.52	2.37	2.04	2.12
Debt to Total Capital	58.79%	58.37%	51.05%	50.64%	59.10%	54.23%	56.44%	51.06%	48.60%	60.21%	57.19%
Short-Term Debt to Total Capital	0.12%	0.53%	0.36%	0.00%	2.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	58.67%	57.84%	50.69%	50.64%	56.91%	54.23%	56.44%	51.06%	48.60%	60.21%	57.19%
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	41.21%	41.63%	48.95%	49.36%	40.90%	45.77%	43.56%	48.94%	51.40%	39.79%	42.81%
Debt to EBITDA	3.39	3.78	3.05	3.01	16.37	4.47	5.20	3.08	2.79	4.37	3.79
Net Debt to EBITDA	3.36	3.76	3.03	2.97	14.00	4.45	5.18	3.07	2.78	4.32	3.74
Long-Term Debt to EBITDA	3.39	3.75	3.03	3.01	15.76	4.47	5.20	3.08	2.79	4.37	3.79
Debt to NOPAT	9.50	10.07	4.55	6.15	-41.92	16.71	19.40	6.99	6.46	11.18	9.97
Net Debt to NOPAT	9.41	10.01	4.52	6.08	-35.85	16.64	19.34	6.97	6.43	11.05	9.83
Long-Term Debt to NOPAT	9.48	9.98	4.52	6.15	-40.37	16.71	19.40	6.99	6.46	11.18	9.97
Altman Z-Score	5.68	5.43	5.73	5.58	3.78	4.86	4.97	5.77	5.57	4.61	4.82
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	1.47	1.51	1.50	1.57	1.32	1.42	1.66	1.71	1.64	1.58	1.51
Quick Ratio	0.74	0.75	0.73	0.73	0.64	0.63	0.64	0.68	0.66	0.64	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	82	-149	161	-86	-1,949	54	-2,764	482	235	-1,729	1,369
Operating Cash Flow to CapEx	191.05%	145.00%	265.37%	230.33%	397.20%	35.55%	131.04%	360.53%	310.13%	245.66%	372.52%
Free Cash Flow to Firm to Interest Expense	0.98	-2.71	2.66	-1.32	-16.67	0.35	-15.11	2.21	1.01	-4.83	3.31
Operating Cash Flow to Interest Expense	2.72	3.67	6.08	4.85	5.33	0.42	1.51	3.82	5.01	3.38	3.42
Operating Cash Flow Less CapEx to Interest Expense	1.30	1.14	3.79	2.75	3.99	-0.77	0.36	2.76	3.39	2.00	2.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	4.73	4.62	4.52	4.56	4.05	3.91	5.03	4.60	4.50	4.05	3.69
Accounts Receivable Turnover	16.66	16.79	16.83	17.22	20.18	21.42	26.18	24.33	23.89	23.83	23.05
Inventory Turnover	15.64	15.14	14.84	14.31	15.29	15.86	17.33	14.96	15.42	15.52	14.54
Fixed Asset Turnover	26.15	24.33	22.94	22.62	20.65	19.81	27.33	26.03	23.07	17.47	14.68
Accounts Payable Turnover	15.54	16.04	16.30	16.38	15.60	15.38	21.05	20.35	20.49	19.40	17.42
Days Sales Outstanding (DSO)	21.90	21.74	21.69	21.19	18.08	17.04	13.94	15.00	15.28	15.32	15.84
Days Inventory Outstanding (DIO)	23.34	24.10	24.59	25.51	23.87	23.01	21.07	24.40	23.67	23.52	25.11
Days Payable Outstanding (DPO)	23.49	22.76	22.39	22.28	23.40	23.73	17.34	17.94	17.82	18.81	20.95
Cash Conversion Cycle (CCC)	21.75	23.09	23.89	24.43	18.55	16.32	17.67	21.46	21.12	20.03	20.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,925	2,202	2,302	2,605	4,484	4,579	7,563	7,640	8,009	11,163	11,351
Invested Capital Turnover	8.45	8.12	7.82	8.05	7.08	6.71	8.38	7.53	7.45	6.33	5.79
Increase / (Decrease) in Invested Capital	38	278	100	303	1,879	96	2,984	77	368	2,335	-712
Enterprise Value (EV)	3,897	4,132	5,003	5,528	6,178	8,905	11,602	13,301	14,169	20,343	23,801
Market Capitalization	2,762	2,842	3,826	4,211	3,694	6,421	7,338	9,406	10,287	13,653	17,349
Book Value per Share	$7.82	$8.92	$10.89	$12.34	$15.18	$15.74	$21.29	$23.99	$26.52	$28.65	$31.19
Tangible Book Value per Share	($0.20)	$0.06	$1.93	$3.21	($1.97)	($0.34)	($1.13)	$2.66	$4.74	($4.46)	($1.34)
Total Capital	1,948	2,223	2,320	2,630	4,916	4,602	7,575	7,653	8,029	11,241	11,443
Total Debt	1,146	1,298	1,184	1,332	2,905	2,496	4,276	3,907	3,902	6,769	6,544
Total Long-Term Debt	1,143	1,286	1,176	1,332	2,797	2,496	4,276	3,907	3,902	6,769	6,544
Net Debt	1,135	1,290	1,177	1,317	2,484	2,484	4,264	3,895	3,882	6,690	6,452
Capital Expenditures (CapEx)	120	139	138	138	157	182	211	231	375	493	380
Debt-free, Cash-free Net Working Capital (DFCFNWC)	614	705	734	957	522	1,042	2,377	2,506	2,375	2,539	2,558
Debt-free Net Working Capital (DFNWC)	625	713	742	971	943	1,053	2,389	2,518	2,395	2,618	2,650
Net Working Capital (NWC)	622	702	734	971	835	1,053	2,389	2,518	2,395	2,618	2,650
Net Nonoperating Expense (NNE)	52	33	61	50	45	109	108	162	168	265	297
Net Nonoperating Obligations (NNO)	1,122	1,277	1,166	1,306	2,473	2,473	4,264	3,895	3,882	6,690	6,452
Total Depreciation and Amortization (D&A)	139	131	135	159	283	352	473	507	567	731	826
Debt-free, Cash-free Net Working Capital to Revenue	3.81%	4.21%	4.17%	4.85%	2.08%	3.43%	4.67%	4.38%	4.08%	4.01%	3.77%
Debt-free Net Working Capital to Revenue	3.88%	4.26%	4.21%	4.92%	3.76%	3.46%	4.69%	4.40%	4.11%	4.14%	3.91%
Net Working Capital to Revenue	3.86%	4.19%	4.16%	4.92%	3.33%	3.46%	4.69%	4.40%	4.11%	4.14%	3.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.71	$0.96	$1.95	$1.61	($1.01)	$0.31	$0.75	$2.58	$2.82	$2.20	$2.30
Adjusted Weighted Average Basic Shares Outstanding	96.45M	100.24M	102M	103.80M	113M	132.10M	149.80M	154.20M	154.40M	154.80M	155.90M
Adjusted Diluted Earnings per Share	$0.70	$0.93	$1.90	$1.59	($1.01)	$0.30	$0.74	$2.54	$2.79	$2.18	$2.29
Adjusted Weighted Average Diluted Shares Outstanding	98.13M	103.04M	104.60M	105.20M	113M	133.40M	151.30M	156.10M	156M	156.40M	157M
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	103.31M	104.08M	104.74M	105.20M	132.74M	134.04M	155.27M	156.19M	155.84M	156.52M	157.53M
Normalized Net Operating Profit after Tax (NOPAT)	121	129	177	216	-69	149	220	559	604	605	656
Normalized NOPAT Margin	0.75%	0.77%	1.01%	1.10%	-0.28%	0.49%	0.43%	0.98%	1.04%	0.96%	0.97%
Pre Tax Income Margin	0.71%	0.94%	1.10%	1.11%	-0.89%	0.18%	0.33%	0.95%	1.02%	0.72%	0.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.36	3.87	4.21	4.34	-0.90	1.36	1.91	3.50	3.57	2.28	2.17
NOPAT to Interest Expense	1.44	2.35	4.31	3.31	-0.59	0.98	1.21	2.56	2.60	1.69	1.59
EBIT Less CapEx to Interest Expense	0.94	1.34	1.92	2.23	-2.24	0.17	0.76	2.44	1.96	0.91	1.26
NOPAT Less CapEx to Interest Expense	0.01	-0.19	2.02	1.20	-1.94	-0.21	0.05	1.51	0.98	0.31	0.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	1.35%	4.53%	3.42%	-4.21%	335.14%	6.13%	0.00%	0.00%	0.44%	2.81%
Augmented Payout Ratio	0.00%	1.35%	4.53%	8.99%	-8.59%	335.14%	6.13%	2.82%	17.92%	17.37%	3.23%

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026	6/27/2026
DEI Shares Outstanding	-	-	-	-	-	-	156,090,902.00	-	-	157,098,971.00	157,089,851.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	156,090,902.00	-	-	157,098,971.00	157,089,851.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.84	-	-	0.27	1.03
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.85%	0.63%	2.18%	0.00%	9.39%	10.45%	15.13%	10.77%	5.16%	6.43%	6.43%
EBITDA Growth	5.61%	0.31%	9.61%	6.89%	-46.89%	23.56%	7.92%	15.00%	15.09%	0.36%	14.85%
EBIT Growth	13.96%	-8.23%	7.82%	0.00%	-9.36%	13.97%	-5.93%	5.71%	21.86%	-9.46%	19.32%
NOPAT Growth	14.54%	-7.08%	9.22%	0.00%	-2.59%	14.97%	-4.90%	9.36%	13.92%	-14.24%	18.94%
Net Income Growth	10.13%	-12.33%	10.93%	0.00%	-45.85%	-17.19%	-26.62%	-13.33%	45.52%	-28.47%	23.42%
EPS Growth	8.70%	-11.76%	12.63%	0.00%	-46.00%	-17.78%	-26.09%	-13.04%	44.44%	-27.03%	21.18%
Operating Cash Flow Growth	360.87%	73.06%	17.95%	-38.58%	0.00%	11.27%	85.65%	-371.40%	84.70%	37.45%	-10.76%
Free Cash Flow Firm Growth	156.98%	-132.13%	-240.66%	569.70%	-875.06%	-510.23%	-210.40%	-216.25%	58.54%	80.96%	131.27%
Invested Capital Growth	-3.10%	5.68%	4.82%	0.00%	38.32%	26.25%	36.65%	0.00%	12.28%	4.76%	-5.91%
Revenue Q/Q Growth	-7.26%	-3.06%	9.61%	1.49%	0.00%	-2.12%	10.67%	0.00%	-3.70%	-0.94%	10.67%
EBITDA Q/Q Growth	-14.50%	-7.30%	45.29%	-14.10%	0.00%	133.01%	28.58%	0.00%	-7.13%	-6.97%	47.15%
EBIT Q/Q Growth	-19.00%	-11.09%	83.63%	-24.38%	0.00%	11.79%	54.62%	0.00%	-15.36%	-16.95%	103.78%
NOPAT Q/Q Growth	-22.99%	-7.59%	84.84%	-23.99%	0.00%	9.07%	53.87%	0.00%	-21.85%	-17.89%	113.41%
Net Income Q/Q Growth	-27.50%	-10.09%	136.51%	-35.14%	0.00%	37.50%	125.56%	0.00%	-34.08%	-32.41%	289.21%
EPS Q/Q Growth	-27.54%	-10.00%	137.78%	-35.51%	0.00%	37.04%	129.73%	0.00%	-35.00%	-30.77%	281.48%
Operating Cash Flow Q/Q Growth	474.63%	-13.75%	-48.77%	-74.07%	0.00%	0.00%	-14.53%	-137.91%	514.05%	2.45%	-44.50%
Free Cash Flow Firm Q/Q Growth	117.88%	-192.48%	53.74%	1,104.09%	0.00%	27.19%	-43.70%	0.00%	89.48%	66.57%	336.05%
Invested Capital Q/Q Growth	-18.53%	8.37%	-6.26%	-100.00%	0.00%	-1.08%	11.85%	0.00%	5.48%	-7.71%	0.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.18%	11.32%	11.50%	11.44%	11.69%	11.91%	11.82%	11.81%	11.96%	11.90%	12.03%
EBITDA Margin	2.07%	2.14%	2.83%	2.40%	1.00%	2.39%	2.78%	2.49%	2.40%	2.25%	2.99%
Operating Margin	1.22%	1.12%	1.85%	1.40%	1.02%	1.14%	1.58%	1.32%	1.16%	0.91%	1.80%
EBIT Margin	1.21%	1.11%	1.86%	1.39%	1.00%	1.15%	1.60%	1.32%	1.16%	0.97%	1.79%
Profit (Net Income) Margin	0.55%	0.51%	1.10%	0.70%	0.27%	0.38%	0.78%	0.55%	0.38%	0.26%	0.90%
Tax Burden Percent	70.10%	72.73%	74.00%	73.52%	74.78%	74.27%	74.42%	77.04%	71.16%	74.60%	73.21%
Interest Burden Percent	64.53%	62.90%	79.62%	68.74%	36.14%	44.75%	65.15%	53.78%	45.35%	35.20%	68.51%
Effective Tax Rate	29.90%	27.27%	26.00%	26.48%	25.22%	25.73%	25.58%	22.96%	28.84%	25.40%	26.79%
Return on Invested Capital (ROIC)	6.21%	5.67%	10.21%	0.00%	0.00%	0.00%	7.13%	11.35%	4.67%	4.12%	7.62%
ROIC Less NNEP Spread (ROIC-NNEP)	5.20%	4.74%	9.14%	0.00%	0.00%	0.00%	6.03%	9.09%	3.64%	3.06%	6.55%
Return on Net Nonoperating Assets (RNNOA)	6.13%	5.72%	9.03%	0.00%	0.00%	0.00%	8.61%	13.97%	5.82%	4.39%	9.82%
Return on Equity (ROE)	12.34%	11.38%	19.24%	0.00%	0.00%	0.00%	15.74%	25.32%	10.50%	8.52%	17.44%
Cash Return on Invested Capital (CROIC)	10.55%	1.52%	3.01%	0.00%	0.00%	0.00%	-25.18%	-189.30%	-6.05%	0.96%	11.69%
Operating Return on Assets (OROA)	5.63%	5.14%	8.38%	0.00%	0.00%	0.00%	6.48%	4.68%	4.33%	3.66%	6.63%
Return on Assets (ROA)	2.55%	2.35%	4.93%	0.00%	0.00%	0.00%	3.14%	1.94%	1.40%	0.96%	3.33%
Return on Common Equity (ROCE)	12.34%	11.38%	19.24%	0.00%	0.00%	0.00%	15.74%	25.32%	10.50%	8.52%	17.44%
Return on Equity Simple (ROE_SIMPLE)	10.79%	10.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	122	113	208	158	119	130	199	173	135	111	237
NOPAT Margin	0.85%	0.81%	1.37%	1.03%	0.76%	0.85%	1.18%	1.01%	0.82%	0.68%	1.31%
Net Nonoperating Expense Percent (NNEP)	1.01%	0.93%	1.07%	0.00%	1.43%	1.29%	1.10%	2.26%	1.03%	1.07%	1.06%
Return On Investment Capital (ROIC_SIMPLE)	1.54%	-	-	-	1.09%	1.20%	1.64%	1.49%	1.10%	0.98%	2.07%
Cost of Revenue to Revenue	88.82%	88.68%	88.50%	88.56%	88.31%	88.09%	88.18%	88.19%	88.04%	88.10%	87.97%
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	9.96%	10.20%	9.65%	10.05%	10.67%	10.77%	10.24%	10.49%	10.80%	10.99%	10.23%
Earnings before Interest and Taxes (EBIT)	173	154	283	214	157	175	271	226	191	159	324
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	295	296	430	369	157	366	470	425	394	367	540
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.79	2.94	2.49	0.00	3.11	2.79	3.05	3.57	3.10	2.76	3.54
Price to Tangible Book Value (P/TBV)	29.01	22.68	13.95	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.18	0.20	0.18	0.21	0.00	0.00	0.22	0.25	0.22	0.20	0.26
Price to Earnings (P/E)	25.82	27.68	23.60	28.80	0.00	0.00	40.13	50.11	41.70	39.70	48.29
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	3.87%	3.61%	4.24%	3.47%	0.00%	0.00%	2.49%	2.00%	2.40%	2.52%	2.07%
Enterprise Value to Invested Capital (EV/IC)	1.88	1.90	1.77	0.00	1.83	1.72	1.76	2.01	1.80	1.74	2.10
Enterprise Value to Revenue (EV/Rev)	0.25	0.28	0.24	0.00	0.00	0.00	0.34	0.36	0.33	0.29	0.35
Enterprise Value to EBITDA (EV/EBITDA)	10.93	11.93	10.15	0.00	0.00	0.00	13.73	14.57	13.28	11.85	13.79
Enterprise Value to EBIT (EV/EBIT)	18.10	20.04	17.09	0.00	0.00	0.00	26.00	28.16	25.45	23.16	26.46
Enterprise Value to NOPAT (EV/NOPAT)	24.95	27.67	23.47	0.00	0.00	0.00	35.10	37.63	34.44	31.66	36.26
Enterprise Value to Operating Cash Flow (EV/OCF)	15.37	14.32	12.18	0.00	20.14	17.93	17.56	23.09	17.08	13.48	16.84
Enterprise Value to Free Cash Flow (EV/FCFF)	17.49	127.82	60.24	0.00	0.00	0.00	0.00	0.00	0.00	184.44	17.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.05	1.17	0.95	0.00	1.56	1.49	1.71	1.55	1.64	1.40	1.34
Long-Term Debt to Equity	1.05	1.17	0.95	0.00	1.56	1.49	1.71	1.55	1.64	1.40	1.34
Financial Leverage	1.18	1.21	0.99	0.00	1.31	1.33	1.43	1.54	1.60	1.44	1.50
Leverage Ratio	3.41	3.33	3.29	0.00	3.70	3.62	3.64	4.01	3.96	3.92	3.92
Compound Leverage Factor	2.20	2.09	2.62	0.00	1.34	1.62	2.37	2.16	1.80	1.38	2.69
Debt to Total Capital	51.12%	53.81%	48.60%	0.00%	61.00%	59.82%	63.17%	60.72%	62.16%	58.38%	57.19%
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	51.12%	53.81%	48.60%	0.00%	61.00%	59.82%	63.17%	60.72%	62.16%	58.38%	57.19%
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	48.88%	46.19%	51.40%	0.00%	39.00%	40.18%	36.83%	39.28%	37.84%	41.62%	42.81%
Debt to EBITDA	2.99	3.39	2.79	0.00	0.00	0.00	4.96	4.41	4.61	4.00	3.79
Net Debt to EBITDA	2.97	3.38	2.78	0.00	0.00	0.00	4.90	4.39	4.59	3.97	3.74
Long-Term Debt to EBITDA	2.99	3.39	2.79	0.00	0.00	0.00	4.96	4.41	4.61	4.00	3.79
Debt to NOPAT	6.81	7.87	6.46	0.00	0.00	0.00	12.67	11.39	11.96	10.69	9.97
Net Debt to NOPAT	6.79	7.84	6.43	0.00	0.00	0.00	12.54	11.33	11.90	10.61	9.83
Long-Term Debt to NOPAT	6.81	7.87	6.46	0.00	0.00	0.00	12.67	11.39	11.96	10.69	9.97
Altman Z-Score	5.62	5.66	5.44	0.00	0.00	0.00	4.51	4.62	4.61	4.53	4.72
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	1.71	1.64	1.64	0.00	1.67	1.61	1.58	1.67	1.60	1.52	1.51
Quick Ratio	0.66	0.67	0.66	0.00	0.63	0.64	0.64	0.63	0.60	0.60	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	374	-346	-160	9,835	-2,902	-2,113	-3,036	-11,433	-1,203	-402	949
Operating Cash Flow to CapEx	1,525.91%	416.01%	137.63%	56.02%	0.00%	370.33%	224.77%	-186.15%	533.93%	849.52%	293.64%
Free Cash Flow to Firm to Interest Expense	6.10	-6.06	-2.78	147.23	-28.96	-21.80	-32.13	-109.51	-11.51	-3.91	9.32
Operating Cash Flow to Interest Expense	8.15	7.05	3.58	0.80	0.00	4.62	4.05	-1.39	5.75	5.99	3.35
Operating Cash Flow Less CapEx to Interest Expense	7.62	5.36	0.98	-0.63	0.00	3.38	2.25	-2.14	4.68	5.28	2.21
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	4.65	4.62	4.50	0.00	0.00	0.00	4.05	3.54	3.73	3.76	3.69
Accounts Receivable Turnover	26.17	24.93	23.89	0.00	0.00	0.00	23.83	22.94	24.72	23.98	23.05
Inventory Turnover	15.50	16.20	15.42	0.00	0.00	0.00	15.52	12.98	14.17	15.11	14.54
Fixed Asset Turnover	25.24	24.31	23.07	0.00	0.00	0.00	17.47	14.42	15.59	15.33	14.68
Accounts Payable Turnover	21.40	20.64	20.49	0.00	0.00	0.00	19.40	17.02	18.59	17.77	17.42
Days Sales Outstanding (DSO)	13.95	14.64	15.28	0.00	0.00	0.00	15.32	15.91	14.76	15.22	15.84
Days Inventory Outstanding (DIO)	23.55	22.54	23.67	0.00	0.00	0.00	23.52	28.13	25.76	24.16	25.11
Days Payable Outstanding (DPO)	17.05	17.68	17.82	0.00	0.00	0.00	18.81	21.45	19.64	20.55	20.95
Cash Conversion Cycle (CCC)	20.45	19.49	21.12	0.00	0.00	0.00	20.03	22.59	20.89	18.83	20.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,883	8,543	8,009	0.00	10,904	10,786	12,063	11,606	12,243	11,299	11,351
Invested Capital Turnover	7.28	6.97	7.45	0.00	0.00	0.00	6.06	11.19	5.68	6.04	5.79
Increase / (Decrease) in Invested Capital	-253	459	368	-9,676	3,021	2,242	3,235	11,606	1,339	513	-712
Enterprise Value (EV)	14,782	16,203	14,169	0.00	19,900	18,530	21,244	23,358	21,983	19,618	23,801
Market Capitalization	10,760	11,613	10,287	12,188	13,253	12,082	13,653	16,325	14,389	13,041	17,349
Book Value per Share	$24.82	$25.41	$26.52	$0.00	$27.32	$27.77	$28.65	$29.22	$29.64	$30.06	$31.19
Tangible Book Value per Share	$2.38	$3.29	$4.74	$0.00	($6.25)	($5.54)	($4.46)	($3.33)	($2.70)	($2.92)	($1.34)
Total Capital	7,900	8,560	8,029	0.00	10,915	10,796	12,142	11,644	12,284	11,345	11,443
Total Debt	4,038	4,606	3,902	0.00	6,658	6,458	7,669	7,071	7,635	6,623	6,544
Total Long-Term Debt	4,038	4,606	3,902	0.00	6,658	6,458	7,669	7,071	7,635	6,623	6,544
Net Debt	4,022	4,590	3,882	0.00	6,647	6,448	7,591	7,033	7,594	6,577	6,452
Capital Expenditures (CapEx)	33	97	150	96	0.00	121	170	78	113	73	116
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,452	2,266	2,375	0.00	2,748	2,572	2,539	3,017	2,714	2,460	2,558
Debt-free Net Working Capital (DFNWC)	2,469	2,282	2,395	0.00	2,758	2,582	2,618	3,055	2,755	2,506	2,650
Net Working Capital (NWC)	2,469	2,282	2,395	0.00	2,758	2,582	2,618	3,055	2,755	2,506	2,650
Net Nonoperating Expense (NNE)	44	42	42	50	76	71	68	80	74	69	75
Net Nonoperating Obligations (NNO)	4,022	4,590	3,882	0.00	6,647	6,448	7,591	7,033	7,594	6,577	6,452
Total Depreciation and Amortization (D&A)	122	142	147	156	0.00	190	199	199	203	208	216
Debt-free, Cash-free Net Working Capital to Revenue	4.20%	3.91%	4.08%	0.00%	0.00%	0.00%	4.01%	4.64%	4.13%	3.69%	3.77%
Debt-free Net Working Capital to Revenue	4.23%	3.94%	4.11%	0.00%	0.00%	0.00%	4.14%	4.70%	4.19%	3.75%	3.91%
Net Working Capital to Revenue	4.23%	3.94%	4.11%	0.00%	0.00%	0.00%	4.14%	4.70%	4.19%	3.75%	3.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.51	$0.46	$1.07	$0.00	$0.27	$0.38	$0.85	$0.60	$0.40	$0.27	$1.03
Adjusted Weighted Average Basic Shares Outstanding	154.20M	154.30M	154.40M	0.00	154.60M	155M	154.80M	155.50M	155.80M	156.10M	155.90M
Adjusted Diluted Earnings per Share	$0.50	$0.45	$1.07	$0.00	$0.27	$0.37	$0.85	$0.60	$0.39	$0.27	$1.03
Adjusted Weighted Average Diluted Shares Outstanding	155.70M	156.10M	156M	0.00	156.30M	156.50M	156.40M	156.90M	156.80M	157M	157M
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	155.59M	155.61M	155.84M	0.00	156.22M	156.09M	156.52M	156.81M	157.10M	157.09M	157.53M
Normalized Net Operating Profit after Tax (NOPAT)	122	113	208	158	119	130	199	173	135	111	237
Normalized NOPAT Margin	0.85%	0.81%	1.37%	1.03%	0.76%	0.85%	1.18%	1.01%	0.82%	0.68%	1.31%
Pre Tax Income Margin	0.78%	0.70%	1.48%	0.95%	0.36%	0.51%	1.04%	0.71%	0.53%	0.34%	1.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.82	2.70	4.91	3.20	1.57	1.81	2.87	2.16	1.83	1.54	3.18
NOPAT to Interest Expense	1.99	1.97	3.62	2.37	1.19	1.34	2.11	1.66	1.29	1.08	2.33
EBIT Less CapEx to Interest Expense	2.29	1.00	2.30	1.77	0.00	0.56	1.07	1.42	0.75	0.84	2.03
NOPAT Less CapEx to Interest Expense	1.45	0.28	1.01	0.94	0.00	0.09	0.31	0.91	0.22	0.37	1.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.44%	0.92%	1.88%	2.44%	2.81%
Augmented Payout Ratio	21.43%	21.29%	17.92%	18.71%	0.00%	0.00%	17.37%	9.64%	8.84%	6.97%	3.23%

Financials Breakdown Chart

Key Financial Trends

Performance Food Group’s recent financial statements show a business with strong long-term revenue growth and improving fourth-quarter profitability, although quarterly earnings remain uneven and leverage is still elevated.

Revenue continues to expand. Q4 fiscal 2026 revenue increased to $18.03 billion from $16.94 billion in Q4 fiscal 2025, a 6.4% year-over-year gain. Revenue was also higher year over year in each reported fiscal 2026 quarter.
Gross profit growth has outpaced revenue growth in the latest quarter. Q4 gross profit rose 8.3% to $2.17 billion, lifting the gross margin to approximately 12.0% from 11.8% a year earlier.
Q4 operating profitability improved substantially. Operating income rose 20.9% year over year to $323.8 million, while the operating margin improved to about 1.8% from 1.6%.
Fourth-quarter earnings and EPS reached new highs in the provided period. Net income increased 23.4% to $162.3 million, and diluted EPS rose to $1.03 from $0.85.
Operating cash flow remains substantial. PFGC generated $341.8 million of operating cash flow in Q4 fiscal 2026. Across the four fiscal 2026 quarters, operating cash flow totaled approximately $1.41 billion, compared with about $1.21 billion in the four provided fiscal 2025 quarters.
Capital investment is supporting the asset base. Property, plant and equipment increased to $4.71 billion at the end of Q3 fiscal 2026 from $4.00 billion at the end of Q3 fiscal 2025, reflecting continued investment in distribution and operating infrastructure.
Debt repayment improved in the latest quarter. PFGC reported $271.5 million of debt repayment in Q4 fiscal 2026, compared with $1.34 billion of repayments in Q3. Total long-term debt plus capital lease obligations also declined sequentially from $7.64 billion in Q2 to $6.62 billion in Q3 fiscal 2026.
Quarterly earnings are volatile. Fiscal 2026 net income moved from $93.6 million in Q1 to $61.7 million in Q2, $41.7 million in Q3 and $162.3 million in Q4. The strong Q4 result is encouraging, but investors should determine whether it reflects sustainable operating improvement or seasonal and working-capital effects.
Working-capital movements materially affect cash flow. Changes in operating assets and liabilities contributed $322.6 million and $285.8 million of cash in Q3 and Q2 fiscal 2026, but used $81.5 million in Q4 and $480.4 million in Q1. This helps explain the wide swings in quarterly operating cash generation.
Interest costs continue to weigh on earnings. Quarterly interest expense remained near $102 million in fiscal 2026, compared with $57.6 million in Q4 fiscal 2024. Cash interest paid totaled $62.5 million in Q4 fiscal 2026 and was substantially higher in several earlier quarters.
Leverage remains high relative to equity. At the end of Q3 fiscal 2026, total liabilities were $13.69 billion versus $4.72 billion of equity. Long-term debt and capital lease obligations together represented approximately $6.62 billion, while cash and equivalents were only $45.9 million.
Liquidity is relatively thin. Q3 fiscal 2026 current assets of $7.36 billion exceeded current liabilities of $4.86 billion, but the company held just $45.9 million in cash. Much of its current-asset base consisted of receivables and inventory, which may be less flexible than cash during periods of weaker demand or tighter credit.
Recent quarterly earnings comparisons are mixed. Q3 fiscal 2026 net income declined to $41.7 million from $58.3 million in the comparable fiscal 2025 quarter, and Q1 fiscal 2026 net income fell to $93.6 million from $108.0 million. This suggests that revenue growth has not translated consistently into bottom-line growth.

Overall, the statements point to improving scale, stronger gross margins and a particularly strong Q4 fiscal 2026. However, PFGC’s narrow operating margins, substantial interest burden, limited cash balance and reliance on working-capital management remain important risks. The latest results are constructive, but investors may want to see several consecutive quarters of stronger earnings and sustained debt reduction before concluding that the improvement is fully established.

Several historical figures in the supplied data are marked as restated or calculated, and the latest balance-sheet information provided is from Q3 fiscal 2026 rather than Q4. Comparisons should therefore be interpreted as directional.

08/23/26 07:32 AM ETAI Generated. May Contain Errors.

Performance Food Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Performance Food Group's fiscal year ends in June. Their fiscal year 2026 ended on June 27, 2026.

Performance Food Group's net income appears to be on an upward trend, with a most recent value of $359.30 million in 2026, rising from $68.30 million in 2016. The previous period was $340.20 million in 2025. Find out what analysts predict for Performance Food Group in the coming months.

Performance Food Group's total operating income in 2026 was $887.50 million, based on the following breakdown:

Total Gross Profit: $8.09 billion
Total Operating Expenses: $7.20 billion

Over the last 10 years, Performance Food Group's total revenue changed from $16.10 billion in 2016 to $67.84 billion in 2026, a change of 321.2%.

Performance Food Group's total liabilities were at $13.95 billion at the end of 2026, a 4.0% increase from 2025, and a 425.9% increase since 2016.

In the past 10 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 $92.40 million as of their latest financial filing in 2026.

Over the last 10 years, Performance Food Group's book value per share changed from 7.82 in 2016 to 31.19 in 2026, a change of 298.6%.

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Financial statements for NYSE:PFGC last updated on 8/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Performance Food Group (PFGC) Financials

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