Sysco (SYY) Financials

$79.87 +0.27 (+0.34%)

Closing price 08/1/2025 03:59 PM Eastern

Extended Trading

$80.24 +0.37 (+0.46%)

As of 04:30 AM Eastern

Annual Income Statements for Sysco

This table shows Sysco'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	687	950	1,143	1,431	1,674	215	524	1,359	1,770	1,955
Consolidated Net Income / (Loss)	687	950	1,143	1,431	1,674	215	524	1,359	1,770	1,955
Net Income / (Loss) Continuing Operations	687	950	1,143	1,431	1,674	215	524	1,359	1,770	1,955
Total Pre-Tax Income	1,008	1,433	1,766	1,956	2,006	293	585	1,747	2,285	2,565
Total Operating Income	1,229	1,851	2,055	2,314	2,330	750	1,447	2,346	3,039	3,202
Total Gross Profit	8,552	9,040	10,558	11,085	11,409	9,902	9,357	12,320	13,955	14,608
Total Revenue	48,681	50,367	55,371	58,727	60,114	52,893	51,298	68,636	76,325	78,844
Operating Revenue	48,681	50,367	55,371	58,727	60,114	52,893	51,298	68,636	76,325	78,844
Total Cost of Revenue	40,129	41,326	44,814	47,642	48,705	42,992	41,941	56,316	62,370	64,236
Operating Cost of Revenue	40,129	41,326	44,814	47,642	48,705	42,992	41,941	56,316	62,370	64,236
Total Operating Expenses	7,322	7,190	8,503	8,771	9,079	9,152	7,910	9,974	10,916	11,406
Selling, General & Admin Expense	7,322	7,190	8,503	-	9,079	-	7,910	9,974	-	11,406
Total Other Income / (Expense), net	-221	-417	-288	-358	-324	-456	-862	-599	-754	-637
Interest Expense	255	306	303	395	360	408	880	624	527	607
Other Income / (Expense), net	34	-111	14	38	36	-48	18	25	-227	-30
Income Tax Expense	321	483	624	525	332	78	61	388	515	610
Basic Earnings per Share	$1.16	$1.66	$2.10	$2.74	$3.24	$0.42	$1.03	$2.66	$3.49	$3.90
Weighted Average Basic Shares Outstanding	592.07M	573.06M	543.50M	522.93M	516.89M	510.12M	510.70M	510.63M	507.36M	501.24M
Diluted Earnings per Share	$1.15	$1.64	$2.08	$2.70	$3.20	$0.42	$1.02	$2.64	$3.47	$3.89
Weighted Average Diluted Shares Outstanding	596.85M	577.39M	548.55M	529.09M	523.38M	514.03M	513.56M	514.01M	509.72M	503.10M
Weighted Average Basic & Diluted Shares Outstanding	592M	572.10M	544M	519.77M	513.18M	508.54M	512.08M	506.11M	504.93M	491.52M
Cash Dividends to Common per Share	$1.19	$1.23	$1.30	$1.41	$1.53	$1.74	$1.82	$1.90	$1.97	$2.01

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Net Income / (Loss) Attributable to Common Shareholders	466	141	430	734	503	415	425	612	490	406	401
Consolidated Net Income / (Loss)	466	141	430	734	503	415	425	612	490	406	401
Net Income / (Loss) Continuing Operations	466	141	430	734	503	415	425	612	490	406	401
Total Pre-Tax Income	595	178	554	958	663	545	554	803	642	533	523
Total Operating Income	737	641	696	966	804	700	722	976	808	712	681
Total Gross Profit	3,489	3,350	3,431	3,685	3,648	3,514	3,609	3,838	3,753	3,650	3,581
Total Revenue	19,127	18,594	18,876	19,729	19,620	19,288	19,380	20,556	20,484	20,151	19,598
Operating Revenue	19,127	18,594	18,876	19,729	19,620	19,288	19,380	20,556	20,484	20,151	19,598
Total Cost of Revenue	15,638	15,244	15,444	16,043	15,972	15,774	15,770	16,719	16,731	16,501	16,017
Operating Cost of Revenue	15,638	15,244	15,444	16,043	15,972	15,774	15,770	16,719	16,731	16,501	16,017
Total Operating Expenses	2,752	2,709	2,736	2,720	2,844	2,814	2,887	2,861	2,945	2,938	2,900
Selling, General & Admin Expense	-	2,709	2,736	-	-	2,814	2,887	-	2,945	-	2,900
Total Other Income / (Expense), net	-142	-462	-142	-8.06	-141	-155	-168	-173	-166	-179	-158
Interest & Investment Income	-	-	-	-	-134	-150	-	-	-160	-160	-149
Other Income / (Expense), net	-18	-330	-6.76	128	-7.00	-5.00	-10	-7.74	-6.00	-19	-9.00
Income Tax Expense	129	37	124	224	160	130	129	192	152	127	122
Basic Earnings per Share	$0.92	$0.28	$0.85	$1.44	$1.00	$0.82	$0.85	$1.23	$1.00	$0.83	$0.82
Weighted Average Basic Shares Outstanding	507.58M	507.61M	507.72M	507.36M	505.13M	504.31M	499.64M	501.24M	492.02M	490.70M	487.52M
Diluted Earnings per Share	$0.91	$0.28	$0.84	$1.44	$0.99	$0.82	$0.85	$1.23	$0.99	$0.82	$0.82
Weighted Average Diluted Shares Outstanding	510.38M	510.15M	509.84M	509.72M	507.07M	505.93M	501.92M	503.10M	493.79M	492.80M	489.33M
Weighted Average Basic & Diluted Shares Outstanding	506.77M	507.60M	506.68M	504.93M	504.37M	497.83M	497.98M	491.52M	491.23M	489.23M	484.75M

This table details how cash moves in and out of Sysco'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	4,717	-1,379	-3,050	-154	-169	5,563	-3,058	-2,106	35	-21
Net Cash From Operating Activities	1,555	1,988	2,233	2,155	2,411	1,619	1,904	1,791	2,868	2,989
Net Cash From Continuing Operating Activities	1,555	1,988	2,233	2,155	2,411	1,619	1,904	1,791	2,868	2,989
Net Income / (Loss) Continuing Operations	687	950	1,143	1,431	1,674	215	524	1,359	1,770	1,955
Consolidated Net Income / (Loss)	687	950	1,143	1,431	1,674	215	524	1,359	1,770	1,955
Depreciation Expense	553	663	902	765	764	806	738	773	776	873
Amortization Expense	28	45	32	28	21	131	140	130	133	143
Non-Cash Adjustments To Reconcile Net Income	52	311	111	172	98	705	243	210	440	149
Changes in Operating Assets and Liabilities, net	236	20	45	-242	-147	-239	258	-681	-251	-131
Net Cash From Investing Activities	-654	-769	-3,578	-910	-743	-756	-429	-1,878	-785	-1,962
Net Cash From Continuing Investing Activities	-654	-769	-3,578	-910	-743	-756	-429	-1,878	-785	-1,962
Purchase of Property, Plant & Equipment	-543	-527	-686	-688	-692	-720	-471	-633	-793	-832
Acquisitions	-116	-219	-2,922	-248	-107	-143	0.00	-1,281	-37	-1,210
Purchase of Investments	0.00	-104	0.00	0.00	-116	-11	-53	-19	-16	-33
Sale of Property, Plant & Equipment	24	24	24	22	21	29	59	24	42	79
Sale and/or Maturity of Investments	0.00	57	-	0.00	0.00	21	36	17	12	29
Other Investing Activities, net	-20	-	6.79	3.25	1.77	69	0.00	14	7.00	5.00
Net Cash From Financing Activities	3,898	-2,460	-1,683	-1,410	-1,837	4,720	-4,628	-1,987	-2,056	-1,038
Net Cash From Continuing Financing Activities	3,898	-2,460	-1,683	-1,410	-1,837	4,720	-4,628	-1,987	-2,056	-1,038
Repayment of Debt	-385	-5,229	-176	-697	-813	-1,207	-3,016	-1,927	-888	-480
Repurchase of Common Equity	0.00	-1,949	-1,886	-979	-1,022	-845	0.00	-500	-500	-1,232
Payment of Dividends	-695	-699	-699	-722	-775	-856	-918	-959	-996	-1,008
Issuance of Debt	4,911	5,135	874	1,001	520	7,400	-825	1,248	249	1,562
Issuance of Common Equity	240	282	205	269	253	228	130	128	79	120
Other Financing Activities, net	-173	-	-	-282	0.00	0.00	0.00	23	0.00	0.00
Effect of Exchange Rate Changes	-82	-138	-	-	-	-	-	-32	-	-10
Cash Interest Paid	193	200	285	302	347	325	878	498	511	557
Cash Income Taxes Paid	377	181	761	268	531	377	104	450	444	564

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Net Change in Cash & Equivalents	-428	82	269	112	-238	368	-403	252	-111	21	709
Net Cash From Operating Activities	159	345	922	1,442	87	769	517	1,616	53	445	819
Net Cash From Continuing Operating Activities	159	345	922	1,442	87	769	517	1,616	53	445	819
Net Income / (Loss) Continuing Operations	466	141	430	734	503	416	425	612	490	406	401
Consolidated Net Income / (Loss)	466	141	430	734	503	416	425	612	490	406	401
Depreciation Expense	189	190	196	201	206	219	221	226	235	238	236
Amortization Expense	33	33	33	34	34	34	37	38	38	38	37
Non-Cash Adjustments To Reconcile Net Income	36	353	-76	127	40	39	39	31	-31	60	-99
Changes in Operating Assets and Liabilities, net	-565	-373	340	346	-696	61	-205	709	-679	-297	244
Net Cash From Investing Activities	-175	-145	-162	-304	-380	-1,125	-196	-261	-46	-158	-188
Net Cash From Continuing Investing Activities	-175	-145	-162	-304	-380	-1,125	-196	-261	-46	-158	-188
Purchase of Property, Plant & Equipment	-167	-142	-165	-319	-171	-176	-183	-302	-122	-211	-199
Purchase of Investments	-3.30	-11	-1.06	-0.92	-1.00	-	-9.54	-22	-12	-4.00	-9.00
Sale of Property, Plant & Equipment	22	3.05	2.82	14	11	7.00	2.36	58	77	89	3.00
Sale and/or Maturity of Investments	2.65	8.99	-	0.36	0.00	-	-	29	10	3.00	11
Other Investing Activities, net	3.27	1.57	0.77	1.39	0.00	-	1.41	3.59	1.00	5.00	6.00
Net Cash From Financing Activities	-400	-127	-496	-1,033	66	712	-717	-1,098	-131	-234	66
Net Cash From Continuing Financing Activities	-400	-127	-496	-1,033	66	712	-717	-1,098	-131	-234	66
Repayment of Debt	-64	-40	-35	-749	-25	-181	-164	-109	-44	-47	-106
Repurchase of Common Equity	-268	-	-110	-122	-100	-100	-500	-532	-108	-192	-400
Payment of Dividends	-249	-249	-249	-249	-253	-253	-253	-250	-251	-252	-249
Issuance of Debt	156	139	-121	75	427	1,206	153	-224	243	219	792
Issuance of Common Equity	25	23	20	12	17	40	46	17	29	38	29
Cash Interest Paid	84	161	99	168	94	172	110	181	144	178	131
Cash Income Taxes Paid	48	241	17	138	103	269	139	54	26	259	225

This table presents Sysco'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	17,989	16,722	17,757	18,070	17,967	22,628	21,414	22,086	22,821	24,917
Total Current Assets	11,494	10,054	8,033	8,003	8,142	12,348	10,734	10,483	10,608	11,043
Cash & Equivalents	5,130	3,919	870	552	513	6,059	3,007	867	745	696
Note & Lease Receivable	3,353	3,381	4,012	4,074	4,182	2,894	3,782	4,839	5,092	5,324
Inventories, net	2,692	2,639	2,996	3,125	3,216	3,095	3,695	4,437	4,481	4,678
Prepaid Expenses	93	114	139	188	211	192	241	304	284	323
Current Deferred & Refundable Income Taxes	-	-	-	64	20	108	8.76	36	6.00	22
Plant, Property, & Equipment, net	3,982	3,880	4,377	4,522	4,502	4,459	4,326	4,456	4,915	5,497
Total Noncurrent Assets	2,345	2,787	5,346	5,545	5,323	5,821	6,354	7,146	7,298	8,377
Goodwill	1,960	2,122	3,916	3,955	3,896	3,732	3,944	4,542	4,646	5,153
Intangible Assets	155	207	1,038	980	857	780	746	953	860	1,188
Noncurrent Deferred & Refundable Income Taxes	0.00	207	142	84	81	194	353	378	420	445
Other Noncurrent Operating Assets	230	251	250	526	489	1,115	1,311	1,273	1,372	1,591
Total Liabilities & Shareholders' Equity	17,989	16,722	17,757	18,070	17,967	22,628	21,414	22,086	22,821	24,917
Total Liabilities	12,606	13,167	15,292	15,526	15,428	21,435	19,826	20,671	20,779	23,026
Total Current Liabilities	9,400	4,434	6,096	6,589	6,103	6,718	7,320	8,750	8,540	9,241
Short-Term Debt	5,050	98	534	787	41	1,544	495	581	63	469
Accounts Payable	2,882	2,936	3,971	4,136	4,315	3,447	4,885	5,753	6,025	6,290
Accrued Expenses	1,468	1,289	1,576	1,609	1,730	1,616	1,815	2,271	2,251	2,226
Current Deferred & Payable Income Tax Liabilities	0.00	111	15	57	17	2.94	23	40	102	131
Other Current Liabilities	-	-	-	-	0.00	107	103	106	99	125
Total Noncurrent Liabilities	3,288	8,732	9,196	8,937	9,325	14,718	12,506	11,921	12,239	13,785
Long-Term Debt	2,272	7,337	7,661	7,541	8,122	12,902	10,588	10,067	10,348	11,513
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	27	162	319	172	87	147	250	303	345
Other Noncurrent Operating Liabilities	935	1,368	1,374	1,077	1,031	1,728	1,771	1,604	1,588	1,927
Redeemable Noncontrolling Interest	-	-	-	38	35	34	35	32	33	31
Total Equity & Noncontrolling Interests	5,260	3,480	2,382	2,507	2,503	1,159	1,553	1,382	2,009	1,860
Total Preferred & Common Equity	5,260	3,480	2,382	2,507	2,503	1,159	1,553	1,382	2,009	1,860
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	5,260	3,480	2,382	2,507	2,503	1,159	1,553	1,382	2,009	1,860
Common Stock	1,979	2,046	2,093	2,149	2,223	2,272	2,385	2,531	2,580	2,673
Retained Earnings	8,752	9,006	9,448	10,349	11,230	10,563	10,152	10,540	11,311	12,260
Treasury Stock	-4,548	-6,215	-7,896	-8,581	-9,350	-9,966	-9,835	-10,207	-10,629	-11,734
Accumulated Other Comprehensive Income / (Loss)	-923	-1,358	-1,263	-1,409	-1,600	-1,711	-1,149	-1,482	-1,253	-1,339

This table presents Sysco'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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Total Assets	22,211	22,087	22,702	22,821	23,273	24,741	24,712	24,917	25,880	25,318	26,347
Total Current Assets	10,767	10,396	10,899	10,608	10,896	11,310	11,205	11,043	11,875	11,501	12,282
Cash & Equivalents	438	500	758	745	569	962	598	696	733	793	1,527
Note & Lease Receivable	5,337	4,908	5,227	5,092	5,339	5,292	5,557	5,324	5,778	5,298	5,465
Inventories, net	4,683	4,662	4,621	4,481	4,649	4,722	4,734	4,678	4,991	5,050	4,893
Prepaid Expenses	310	301	293	284	333	328	310	323	351	338	375
Current Deferred & Refundable Income Taxes	0.00	26	0.00	6.00	5.82	5.82	5.82	22	22	22	22
Plant, Property, & Equipment, net	4,463	4,562	4,649	4,915	5,021	5,157	5,290	5,497	5,558	5,589	5,719
Total Noncurrent Assets	6,981	7,129	7,154	7,298	7,356	8,274	8,217	8,377	8,447	8,228	8,346
Goodwill	4,434	4,577	4,614	4,646	4,719	5,255	5,221	5,153	5,253	5,144	5,199
Intangible Assets	906	911	887	860	875	1,174	1,137	1,188	1,169	1,119	1,100
Noncurrent Deferred & Refundable Income Taxes	383	435	436	420	421	444	442	445	464	441	456
Other Noncurrent Operating Assets	1,257	1,206	1,218	1,372	1,340	1,401	1,417	1,591	1,561	1,524	1,591
Total Liabilities & Shareholders' Equity	22,211	22,087	22,702	22,821	23,273	24,741	24,712	24,917	25,880	25,318	26,347
Total Liabilities	21,064	20,617	21,094	20,779	21,112	22,303	22,579	23,026	23,644	23,289	24,402
Total Current Liabilities	8,959	8,389	8,981	8,540	8,454	8,254	8,366	9,241	9,399	9,553	9,735
Short-Term Debt	556	702	723	63	189	85	93	469	487	1,222	1,232
Accounts Payable	6,018	5,420	5,902	6,025	5,796	5,738	5,869	6,290	6,374	5,842	6,183
Accrued Expenses	2,178	2,129	2,136	2,251	2,177	2,266	2,247	2,226	2,141	2,224	2,147
Current Deferred & Payable Income Tax Liabilities	113	33	124	102	182	47	34	131	271	140	40
Other Current Liabilities	94	104	95	99	110	119	123	125	126	125	133
Total Noncurrent Liabilities	12,105	12,229	12,113	12,239	12,658	14,049	14,213	13,785	14,245	13,736	14,667
Long-Term Debt	10,263	10,350	10,258	10,348	10,704	12,028	12,113	11,513	11,869	11,393	12,234
Noncurrent Deferred & Payable Income Tax Liabilities	242	232	212	303	300	304	313	345	333	337	342
Other Noncurrent Operating Liabilities	1,600	1,646	1,642	1,588	1,654	1,717	1,786	1,927	2,043	2,006	2,091
Redeemable Noncontrolling Interest	31	33	33	33	35	33	33	31	29	15	23
Total Equity & Noncontrolling Interests	1,115	1,437	1,575	2,009	2,126	2,404	2,101	1,860	2,207	2,014	1,922
Total Preferred & Common Equity	1,115	1,437	1,575	2,009	2,126	2,404	2,101	1,860	2,207	2,014	1,922
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,115	1,437	1,575	2,009	2,126	2,404	2,101	1,860	2,207	2,014	1,922
Common Stock	2,520	2,539	2,550	2,580	2,604	2,642	2,612	2,673	2,690	2,730	2,728
Retained Earnings	10,757	10,649	10,830	11,311	11,561	11,724	11,899	12,260	12,498	12,649	12,792
Treasury Stock	-10,450	-10,427	-10,524	-10,629	-10,712	-10,773	-11,179	-11,734	-11,815	-11,969	-12,343
Accumulated Other Comprehensive Income / (Loss)	-1,711	-1,325	-1,281	-1,253	-1,327	-1,190	-1,231	-1,339	-1,166	-1,396	-1,255

This table displays calculated financial ratios and metrics derived from Sysco'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	4.65%	3.46%	9.94%	6.06%	2.36%	-12.01%	-3.02%	33.80%	11.20%	3.30%
EBITDA Growth	-14.45%	32.71%	22.72%	4.75%	0.19%	-48.01%	42.99%	39.75%	13.65%	12.55%
EBIT Growth	-21.03%	37.71%	18.97%	13.66%	0.62%	-70.35%	108.79%	61.86%	18.60%	12.80%
NOPAT Growth	-16.41%	46.43%	8.38%	27.35%	14.92%	-71.70%	135.69%	40.66%	28.99%	3.67%
Net Income Growth	-26.28%	38.27%	20.31%	25.23%	17.02%	-87.13%	143.28%	159.25%	30.24%	10.45%
EPS Growth	-27.22%	42.61%	26.83%	29.81%	18.52%	-86.88%	142.86%	158.82%	31.44%	12.10%
Operating Cash Flow Growth	4.20%	27.83%	12.28%	-3.46%	11.87%	-32.87%	17.62%	-5.93%	60.13%	4.22%
Free Cash Flow Firm Growth	179.90%	21.65%	-202.77%	183.47%	81.22%	-44.23%	4.85%	-75.81%	526.59%	-47.22%
Invested Capital Growth	-3.50%	-1.53%	38.21%	5.59%	-1.28%	-5.96%	0.87%	15.85%	4.59%	12.55%
Revenue Q/Q Growth	0.24%	2.54%	1.42%	1.55%	0.27%	-11.11%	16.51%	4.29%	1.02%	1.06%
EBITDA Q/Q Growth	-12.16%	15.34%	6.54%	3.07%	2.26%	-43.42%	90.11%	6.03%	9.57%	-2.24%
EBIT Q/Q Growth	-18.45%	17.54%	8.04%	5.66%	3.79%	-65.70%	372.96%	8.60%	12.98%	-3.79%
NOPAT Q/Q Growth	-15.65%	24.85%	-0.25%	10.91%	2.39%	-65.63%	451.65%	5.76%	5.28%	0.14%
Net Income Q/Q Growth	-20.87%	17.68%	8.50%	11.17%	5.47%	-84.27%	313.70%	35.92%	14.46%	-5.88%
EPS Q/Q Growth	-21.77%	18.84%	10.05%	11.57%	6.31%	-84.03%	321.74%	35.38%	14.90%	-5.12%
Operating Cash Flow Q/Q Growth	3.76%	18.08%	7.24%	-5.09%	0.48%	-23.81%	-5.75%	53.09%	16.06%	6.18%
Free Cash Flow Firm Q/Q Growth	175.50%	62.12%	-36.75%	9.74%	5.83%	-21.72%	-27.24%	146.84%	-7.85%	84.09%
Invested Capital Q/Q Growth	-6.00%	-9.31%	-3.56%	-2.79%	-3.46%	-10.25%	4.57%	-3.44%	-1.05%	-4.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.57%	17.95%	19.07%	18.88%	18.98%	18.72%	18.24%	17.95%	18.28%	18.53%
EBITDA Margin	3.79%	4.86%	5.42%	5.36%	5.24%	3.10%	4.57%	4.77%	4.88%	5.31%
Operating Margin	2.53%	3.67%	3.71%	3.94%	3.88%	1.42%	2.82%	3.42%	3.98%	4.06%
EBIT Margin	2.59%	3.45%	3.74%	4.00%	3.94%	1.33%	2.86%	3.45%	3.68%	4.02%
Profit (Net Income) Margin	1.41%	1.89%	2.06%	2.44%	2.79%	0.41%	1.02%	1.98%	2.32%	2.48%
Tax Burden Percent	68.12%	66.27%	64.69%	73.14%	83.47%	73.44%	89.65%	77.79%	77.46%	76.22%
Interest Burden Percent	79.82%	82.40%	85.36%	83.18%	84.77%	41.82%	39.92%	73.68%	81.26%	80.86%
Effective Tax Rate	31.88%	33.73%	35.31%	26.86%	16.53%	26.56%	10.35%	22.21%	22.54%	23.78%
Return on Invested Capital (ROIC)	11.45%	17.21%	15.78%	16.85%	18.97%	5.57%	13.48%	17.50%	20.56%	19.61%
ROIC Less NNEP Spread (ROIC-NNEP)	4.10%	7.17%	12.38%	13.40%	15.46%	1.39%	4.09%	12.28%	14.55%	14.98%
Return on Net Nonoperating Assets (RNNOA)	1.59%	4.52%	23.21%	41.24%	46.91%	5.98%	24.22%	73.05%	81.87%	79.80%
Return on Equity (ROE)	13.05%	21.73%	38.99%	58.09%	65.88%	11.55%	37.71%	90.55%	102.42%	99.42%
Cash Return on Invested Capital (CROIC)	15.02%	18.75%	-16.30%	11.41%	20.25%	11.72%	12.62%	2.82%	16.07%	7.81%
Operating Return on Assets (OROA)	8.11%	10.02%	12.00%	13.13%	13.13%	3.46%	6.65%	10.90%	12.52%	13.29%
Return on Assets (ROA)	4.41%	5.47%	6.63%	7.99%	9.29%	1.06%	2.38%	6.25%	7.88%	8.19%
Return on Common Equity (ROCE)	13.05%	21.73%	38.99%	57.65%	64.93%	11.34%	36.77%	88.54%	100.50%	97.80%
Return on Equity Simple (ROE_SIMPLE)	13.06%	27.29%	47.97%	57.07%	66.90%	18.60%	33.76%	98.32%	88.10%	105.11%
Net Operating Profit after Tax (NOPAT)	837	1,226	1,329	1,692	1,945	550	1,297	1,825	2,354	2,441
NOPAT Margin	1.72%	2.43%	2.40%	2.88%	3.24%	1.04%	2.53%	2.66%	3.08%	3.10%
Net Nonoperating Expense Percent (NNEP)	7.36%	10.04%	3.40%	3.45%	3.51%	4.18%	9.39%	5.22%	6.01%	4.63%
Cost of Revenue to Revenue	82.43%	82.05%	80.93%	81.12%	81.02%	81.28%	81.76%	82.05%	81.72%	81.47%
SG&A Expenses to Revenue	15.04%	14.28%	15.36%	0.00%	15.10%	0.00%	15.42%	14.53%	0.00%	14.47%
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	15.04%	14.28%	15.36%	14.94%	15.10%	17.30%	15.42%	14.53%	14.30%	14.47%
Earnings before Interest and Taxes (EBIT)	1,263	1,739	2,069	2,352	2,366	702	1,465	2,371	2,812	3,172
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,844	2,447	3,003	3,146	3,152	1,638	2,343	3,274	3,721	4,188
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.41	6.71	9.41	12.10	12.67	20.52	23.36	30.14	18.07	18.97
Price to Tangible Book Value (P/TBV)	5.70	20.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.37	0.46	0.40	0.52	0.53	0.45	0.71	0.61	0.48	0.45
Price to Earnings (P/E)	26.12	24.58	19.62	21.21	18.93	110.34	69.20	30.66	20.52	18.05
Dividend Yield	3.91%	2.97%	3.06%	2.37%	2.43%	3.59%	2.57%	2.32%	2.73%	2.82%
Earnings Yield	3.83%	4.07%	5.10%	4.72%	5.28%	0.91%	1.45%	3.26%	4.87%	5.54%
Enterprise Value to Invested Capital (EV/IC)	2.80	3.80	3.04	3.70	3.87	3.36	4.59	4.60	3.93	3.54
Enterprise Value to Revenue (EV/Rev)	0.41	0.53	0.54	0.65	0.66	0.61	0.87	0.75	0.60	0.59
Enterprise Value to EBITDA (EV/EBITDA)	10.92	10.98	9.90	12.13	12.50	19.65	18.94	15.72	12.37	11.13
Enterprise Value to EBIT (EV/EBIT)	15.94	15.44	14.37	16.22	16.64	45.89	30.30	21.71	16.36	14.69
Enterprise Value to NOPAT (EV/NOPAT)	24.04	21.90	22.38	22.54	20.25	58.49	34.21	28.21	19.55	19.10
Enterprise Value to Operating Cash Flow (EV/OCF)	12.94	13.51	13.32	17.70	16.33	19.89	23.31	28.74	16.04	15.59
Enterprise Value to Free Cash Flow (EV/FCFF)	18.33	20.11	0.00	33.29	18.97	27.80	36.55	175.24	25.00	47.98
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.39	2.14	3.44	3.27	3.22	12.11	6.98	7.53	5.10	6.34
Long-Term Debt to Equity	0.43	2.11	3.22	2.96	3.20	10.82	6.67	7.12	5.07	6.09
Financial Leverage	0.39	0.63	1.87	3.08	3.03	4.30	5.92	5.95	5.63	5.33
Leverage Ratio	2.96	3.97	5.88	7.27	7.09	10.88	15.84	14.49	12.99	12.14
Compound Leverage Factor	2.36	3.27	5.02	6.05	6.01	4.55	6.32	10.68	10.56	9.82
Debt to Total Capital	58.19%	68.12%	77.48%	76.59%	76.28%	92.37%	87.47%	88.28%	83.60%	86.37%
Short-Term Debt to Total Capital	40.14%	0.90%	5.05%	7.23%	0.39%	9.87%	3.91%	4.81%	0.51%	3.38%
Long-Term Debt to Total Capital	18.06%	67.22%	72.43%	69.36%	75.90%	82.50%	83.57%	83.46%	83.10%	82.99%
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%	0.35%	0.33%	0.22%	0.27%	0.26%	0.27%	0.22%
Common Equity to Total Capital	41.81%	31.88%	22.52%	23.06%	23.39%	7.41%	12.26%	11.46%	16.13%	13.41%
Debt to EBITDA	3.97	3.04	2.73	2.65	2.59	8.82	4.73	3.25	2.80	2.86
Net Debt to EBITDA	1.19	1.44	2.44	2.47	2.43	5.12	3.45	2.99	2.60	2.69
Long-Term Debt to EBITDA	1.23	3.00	2.55	2.40	2.58	7.88	4.52	3.07	2.78	2.75
Debt to NOPAT	8.74	6.06	6.17	4.92	4.20	26.24	8.54	5.83	4.42	4.91
Net Debt to NOPAT	2.62	2.87	5.51	4.59	3.93	15.24	6.22	5.36	4.11	4.62
Long-Term Debt to NOPAT	2.71	5.98	5.76	4.46	4.18	23.44	8.16	5.52	4.40	4.72
Altman Z-Score	4.61	5.58	5.26	5.75	6.02	4.06	4.57	5.43	5.60	5.28
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.76%	1.44%	1.87%	2.48%	2.22%	1.88%	1.63%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.22	2.27	1.32	1.21	1.33	1.84	1.47	1.20	1.24	1.20
Quick Ratio	0.90	1.65	0.80	0.70	0.77	1.33	0.93	0.65	0.68	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,098	1,336	-1,373	1,146	2,077	1,158	1,214	294	1,841	972
Operating Cash Flow to CapEx	300.08%	394.64%	336.91%	323.84%	359.10%	234.01%	462.63%	294.09%	381.89%	396.95%
Free Cash Flow to Firm to Interest Expense	4.31	4.36	-4.53	2.90	5.76	2.84	1.38	0.47	3.49	1.60
Operating Cash Flow to Interest Expense	6.10	6.49	7.37	5.45	6.69	3.97	2.16	2.87	5.44	4.92
Operating Cash Flow Less CapEx to Interest Expense	4.07	4.85	5.18	3.77	4.83	2.27	1.70	1.89	4.02	3.68
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.13	2.90	3.21	3.28	3.34	2.61	2.33	3.16	3.40	3.30
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	15.16	15.50	15.91	15.57	15.36	13.62	12.35	13.85	13.99	14.03
Fixed Asset Turnover	12.22	12.81	13.41	13.20	13.32	11.81	11.68	15.63	16.29	15.14
Accounts Payable Turnover	14.05	14.21	12.98	11.75	11.53	11.08	10.07	10.59	10.59	10.43
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	24.08	23.54	22.95	23.45	23.76	26.79	29.55	26.36	26.10	26.02
Days Payable Outstanding (DPO)	25.98	25.69	28.13	31.06	31.67	32.95	36.25	34.47	34.46	34.99
Cash Conversion Cycle (CCC)	-1.91	-2.15	-5.18	-7.61	-7.91	-6.16	-6.71	-8.12	-8.37	-8.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,181	7,071	9,773	10,320	10,188	9,580	9,663	11,195	11,708	13,177
Invested Capital Turnover	6.66	7.07	6.57	5.85	5.86	5.35	5.33	6.58	6.67	6.34
Increase / (Decrease) in Invested Capital	-261	-110	2,702	547	-132	-608	83	1,531	513	1,469
Enterprise Value (EV)	20,130	26,859	29,740	38,153	39,385	32,197	44,384	51,479	46,011	46,609
Market Capitalization	17,938	23,343	22,415	30,340	31,700	23,776	36,273	41,666	36,312	35,292
Book Value per Share	$8.86	$6.17	$4.45	$4.81	$4.87	$2.28	$3.04	$2.71	$3.97	$3.74
Tangible Book Value per Share	$5.30	$2.04	($4.81)	($4.66)	($4.38)	($6.61)	($6.13)	($8.07)	($6.90)	($9.00)
Total Capital	12,582	10,915	10,576	10,872	10,701	15,640	12,671	12,062	12,453	13,873
Total Debt	7,322	7,435	8,195	8,327	8,163	14,447	11,083	10,648	10,411	11,982
Total Long-Term Debt	2,272	7,337	7,661	7,541	8,122	12,902	10,588	10,067	10,348	11,513
Net Debt	2,192	3,516	7,325	7,775	7,650	8,387	8,076	9,780	9,666	11,286
Capital Expenditures (CapEx)	518	504	663	666	671	692	412	609	751	753
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,015	1,799	1,602	1,649	1,566	1,115	902	1,447	1,386	1,575
Debt-free Net Working Capital (DFNWC)	7,145	5,718	2,472	2,201	2,080	7,175	3,909	2,314	2,131	2,271
Net Working Capital (NWC)	2,095	5,619	1,938	1,415	2,038	5,630	3,414	1,733	2,068	1,802
Net Nonoperating Expense (NNE)	151	277	187	262	271	335	773	466	584	486
Net Nonoperating Obligations (NNO)	1,920	3,591	7,391	7,775	7,650	8,387	8,076	9,780	9,666	11,286
Total Depreciation and Amortization (D&A)	581	708	934	794	785	937	878	903	909	1,016
Debt-free, Cash-free Net Working Capital to Revenue	4.14%	3.57%	2.89%	2.81%	2.61%	2.11%	1.76%	2.11%	1.82%	2.00%
Debt-free Net Working Capital to Revenue	14.68%	11.35%	4.46%	3.75%	3.46%	13.56%	7.62%	3.37%	2.79%	2.88%
Net Working Capital to Revenue	4.30%	11.16%	3.50%	2.41%	3.39%	10.64%	6.65%	2.53%	2.71%	2.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.24	$0.42	$1.03	$0.00	$0.00	$3.90
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	516.89M	510.12M	510.70M	0.00	0.00	501.24M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.20	$0.42	$1.02	$0.00	$0.00	$3.89
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	523.38M	514.03M	513.56M	0.00	0.00	503.10M
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	0.00	0.00	0.00	513.18M	508.54M	512.08M	0.00	0.00	491.52M
Normalized Net Operating Profit after Tax (NOPAT)	837	1,226	1,329	1,692	1,945	550	1,297	1,825	2,354	2,441
Normalized NOPAT Margin	1.72%	2.43%	2.40%	2.88%	3.24%	1.04%	2.53%	2.66%	3.08%	3.10%
Pre Tax Income Margin	2.07%	2.85%	3.19%	3.33%	3.34%	0.55%	1.14%	2.55%	2.99%	3.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.96	5.68	6.83	5.95	6.57	1.72	1.66	3.80	5.34	5.23
NOPAT to Interest Expense	3.29	4.01	4.39	4.28	5.40	1.35	1.47	2.92	4.47	4.02
EBIT Less CapEx to Interest Expense	2.92	4.04	4.64	4.26	4.70	0.02	1.20	2.82	3.91	3.99
NOPAT Less CapEx to Interest Expense	1.25	2.36	2.20	2.60	3.53	-0.35	1.01	1.95	3.04	2.78
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	101.24%	73.59%	61.15%	50.47%	46.31%	397.41%	175.04%	70.57%	56.27%	51.56%
Augmented Payout Ratio	101.24%	278.88%	226.24%	118.89%	107.36%	789.42%	175.04%	107.36%	84.52%	114.58%

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.23%	13.93%	11.68%	4.07%	2.58%	3.73%	2.67%	4.19%	4.40%	4.47%	1.12%
EBITDA Growth	10.03%	-21.38%	24.68%	32.35%	10.21%	77.61%	5.72%	-7.24%	3.66%	2.22%	-2.78%
EBIT Growth	13.25%	-31.84%	35.22%	41.83%	10.84%	123.82%	3.29%	-11.42%	0.63%	-0.29%	-5.62%
NOPAT Growth	22.36%	44.76%	38.30%	20.34%	5.78%	5.13%	2.64%	0.47%	1.10%	1.75%	-5.73%
Net Income Growth	23.16%	-15.66%	41.63%	43.78%	8.04%	193.88%	-1.14%	-16.62%	-2.58%	-2.17%	-5.65%
EPS Growth	24.66%	-15.15%	42.37%	45.45%	8.79%	192.86%	1.19%	-14.58%	0.00%	0.00%	-3.53%
Operating Cash Flow Growth	43.13%	29.53%	150.07%	37.99%	-45.15%	122.99%	-43.91%	12.04%	-39.08%	-42.13%	58.41%
Free Cash Flow Firm Growth	86.33%	49.70%	115.34%	124.71%	-108.16%	-89.38%	-550.35%	-420.47%	-119.08%	127.02%	128.02%
Invested Capital Growth	6.89%	9.60%	2.06%	4.59%	8.29%	13.03%	16.14%	12.55%	11.01%	1.94%	1.04%
Revenue Q/Q Growth	0.89%	-2.79%	1.52%	4.52%	-0.55%	-1.69%	0.47%	6.07%	-0.35%	-1.63%	-2.74%
EBITDA Q/Q Growth	-6.23%	-43.27%	71.94%	44.76%	-21.94%	-8.58%	2.22%	27.02%	-12.77%	-9.86%	-2.48%
EBIT Q/Q Growth	-6.66%	-56.82%	121.88%	58.71%	-27.11%	-12.80%	2.43%	36.10%	-17.20%	-13.59%	-3.03%
NOPAT Q/Q Growth	-6.26%	-12.07%	6.40%	37.13%	-17.55%	-12.61%	3.83%	34.24%	-17.03%	-12.06%	-3.73%
Net Income Q/Q Growth	-8.71%	-69.67%	204.22%	70.76%	-31.44%	-17.50%	2.27%	44.03%	-19.89%	-17.14%	-1.23%
EPS Q/Q Growth	-8.08%	-69.23%	200.00%	71.43%	-31.25%	-17.17%	3.66%	44.71%	-19.51%	-17.17%	0.00%
Operating Cash Flow Q/Q Growth	-84.83%	117.43%	167.45%	56.37%	-93.97%	783.91%	-32.71%	212.36%	-96.72%	739.62%	84.04%
Free Cash Flow Firm Q/Q Growth	81.85%	-228.18%	155.17%	-24.77%	-252.83%	-198.57%	-31.23%	46.47%	-4.48%	136.83%	36.01%
Invested Capital Q/Q Growth	2.98%	4.28%	-1.57%	-1.05%	6.63%	8.84%	1.13%	-4.11%	5.18%	-0.06%	0.24%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.24%	18.01%	18.18%	18.68%	18.59%	18.22%	18.62%	18.67%	18.32%	18.11%	18.27%
EBITDA Margin	4.92%	2.87%	4.86%	6.73%	5.29%	4.92%	5.01%	6.00%	5.25%	4.81%	4.82%
Operating Margin	3.85%	3.45%	3.69%	4.89%	4.10%	3.63%	3.73%	4.75%	3.94%	3.53%	3.47%
EBIT Margin	3.76%	1.67%	3.65%	5.54%	4.06%	3.60%	3.67%	4.71%	3.92%	3.44%	3.43%
Profit (Net Income) Margin	2.43%	0.76%	2.28%	3.72%	2.56%	2.15%	2.19%	2.98%	2.39%	2.01%	2.05%
Tax Burden Percent	78.26%	79.12%	77.54%	76.61%	75.87%	76.15%	76.68%	76.13%	76.32%	76.17%	76.67%
Interest Burden Percent	82.73%	57.48%	80.42%	87.57%	83.19%	78.42%	77.82%	82.95%	80.05%	76.91%	77.83%
Effective Tax Rate	21.74%	20.88%	22.46%	23.39%	24.13%	23.85%	23.32%	23.87%	23.68%	23.83%	23.33%
Return on Invested Capital (ROIC)	19.27%	17.45%	18.44%	24.99%	19.89%	16.73%	17.43%	22.91%	18.22%	15.81%	15.58%
ROIC Less NNEP Spread (ROIC-NNEP)	18.13%	13.84%	17.36%	24.93%	18.86%	15.64%	16.25%	21.66%	17.06%	14.62%	14.55%
Return on Net Nonoperating Assets (RNNOA)	123.59%	103.02%	119.92%	140.27%	118.08%	86.87%	94.81%	115.37%	85.19%	75.19%	84.03%
Return on Equity (ROE)	142.86%	120.47%	138.35%	165.26%	137.97%	103.60%	112.25%	138.28%	103.40%	91.00%	99.61%
Cash Return on Invested Capital (CROIC)	10.66%	9.01%	17.05%	16.07%	11.91%	6.69%	4.13%	7.81%	8.14%	15.99%	16.53%
Operating Return on Assets (OROA)	12.10%	5.65%	12.25%	18.84%	13.72%	11.93%	12.08%	15.56%	12.70%	11.07%	10.85%
Return on Assets (ROA)	7.83%	2.57%	7.64%	12.64%	8.66%	7.12%	7.21%	9.83%	7.76%	6.49%	6.48%
Return on Common Equity (ROCE)	139.59%	117.55%	135.27%	162.16%	135.23%	101.84%	110.28%	136.03%	101.91%	90.01%	98.25%
Return on Equity Simple (ROE_SIMPLE)	129.68%	98.85%	98.16%	0.00%	85.02%	86.57%	98.86%	0.00%	87.99%	95.98%	99.32%
Net Operating Profit after Tax (NOPAT)	577	507	539	740	610	533	554	743	617	542	522
NOPAT Margin	3.01%	2.73%	2.86%	3.75%	3.11%	2.76%	2.86%	3.62%	3.01%	2.69%	2.66%
Net Nonoperating Expense Percent (NNEP)	1.14%	3.61%	1.07%	0.06%	1.03%	1.09%	1.18%	1.26%	1.15%	1.19%	1.03%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	3.67%	-	-	-	3.71%	3.39%
Cost of Revenue to Revenue	81.76%	81.99%	81.82%	81.32%	81.41%	81.78%	81.38%	81.33%	81.68%	81.89%	81.73%
SG&A Expenses to Revenue	0.00%	14.57%	14.49%	0.00%	0.00%	14.59%	14.90%	0.00%	14.38%	0.00%	14.80%
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	14.39%	14.57%	14.49%	13.78%	14.50%	14.59%	14.90%	13.92%	14.38%	14.58%	14.80%
Earnings before Interest and Taxes (EBIT)	719	311	689	1,093	797	695	712	969	802	693	672
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	941	534	918	1,329	1,037	948	970	1,232	1,075	969	945
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	30.40	25.72	23.88	18.07	15.15	14.83	18.98	18.97	17.18	18.64	18.73
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)	0.48	0.50	0.50	0.48	0.42	0.46	0.51	0.45	0.48	0.47	0.45
Price to Earnings (P/E)	23.44	26.02	24.33	20.52	17.82	17.13	19.19	18.05	19.52	19.42	18.86
Dividend Yield	2.84%	2.63%	2.62%	2.73%	3.09%	2.80%	2.48%	2.82%	2.61%	2.64%	2.76%
Earnings Yield	4.27%	3.84%	4.11%	4.87%	5.61%	5.84%	5.21%	5.54%	5.12%	5.15%	5.30%
Enterprise Value to Invested Capital (EV/IC)	3.84	3.95	4.05	3.93	3.41	3.45	3.75	3.54	3.58	3.57	3.46
Enterprise Value to Revenue (EV/Rev)	0.62	0.65	0.63	0.60	0.55	0.60	0.66	0.59	0.62	0.61	0.59
Enterprise Value to EBITDA (EV/EBITDA)	13.19	14.79	14.10	12.37	11.15	11.07	12.02	11.13	11.73	11.63	11.37
Enterprise Value to EBIT (EV/EBIT)	18.06	20.58	19.24	16.36	14.73	14.31	15.62	14.69	15.60	15.55	15.30
Enterprise Value to NOPAT (EV/NOPAT)	22.93	22.77	21.41	19.55	17.84	19.34	21.14	19.10	20.25	20.10	19.78
Enterprise Value to Operating Cash Flow (EV/OCF)	24.10	24.79	19.38	16.04	15.22	14.55	18.30	15.59	16.77	18.77	16.35
Enterprise Value to Free Cash Flow (EV/FCFF)	37.26	45.91	23.97	25.00	29.77	54.73	97.61	47.98	46.22	22.51	21.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	9.44	7.52	6.83	5.10	5.04	4.97	5.72	6.34	5.53	6.22	6.92
Long-Term Debt to Equity	8.95	7.04	6.38	5.07	4.95	4.93	5.68	6.09	5.31	5.62	6.29
Financial Leverage	6.82	7.44	6.91	5.63	6.26	5.55	5.83	5.33	4.99	5.14	5.77
Leverage Ratio	15.53	15.98	15.20	12.99	13.75	11.98	12.67	12.14	11.18	11.21	12.52
Compound Leverage Factor	12.85	9.18	12.22	11.38	11.44	9.40	9.86	10.07	8.95	8.62	9.74
Debt to Total Capital	90.42%	88.26%	87.23%	83.60%	83.45%	83.25%	85.12%	86.37%	84.68%	86.14%	87.38%
Short-Term Debt to Total Capital	4.65%	5.61%	5.75%	0.51%	1.45%	0.58%	0.65%	3.38%	3.34%	8.34%	7.99%
Long-Term Debt to Total Capital	85.77%	82.65%	81.48%	83.10%	82.00%	82.67%	84.47%	82.99%	81.34%	77.80%	79.38%
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	0.26%	0.27%	0.26%	0.27%	0.26%	0.23%	0.23%	0.22%	0.20%	0.10%	0.15%
Common Equity to Total Capital	9.32%	11.47%	12.51%	16.13%	16.29%	16.52%	14.65%	13.41%	15.12%	13.75%	12.47%
Debt to EBITDA	3.22	3.44	3.23	2.80	2.85	2.86	2.85	2.86	2.92	2.97	3.19
Net Debt to EBITDA	3.09	3.28	3.01	2.60	2.70	2.64	2.71	2.69	2.75	2.78	2.83
Long-Term Debt to EBITDA	3.06	3.22	3.02	2.78	2.80	2.84	2.83	2.75	2.81	2.68	2.90
Debt to NOPAT	5.60	5.29	4.91	4.42	4.57	5.00	5.01	4.91	5.05	5.13	5.55
Net Debt to NOPAT	5.37	5.05	4.57	4.11	4.33	4.60	4.76	4.62	4.75	4.81	4.92
Long-Term Debt to NOPAT	5.31	4.96	4.59	4.40	4.49	4.97	4.97	4.72	4.85	4.64	5.05
Altman Z-Score	5.06	5.24	5.27	5.35	5.15	5.00	5.12	4.99	4.94	5.03	4.83
Noncontrolling Interest Sharing Ratio	2.29%	2.42%	2.23%	1.88%	1.99%	1.71%	1.75%	1.63%	1.45%	1.08%	1.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.20	1.24	1.21	1.24	1.29	1.37	1.34	1.20	1.26	1.20	1.26
Quick Ratio	0.64	0.64	0.67	0.68	0.70	0.76	0.74	0.65	0.69	0.64	0.72
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-166	-546	301	226	-346	-1,033	-1,356	-726	-758	279	380
Operating Cash Flow to CapEx	109.53%	247.46%	569.43%	473.08%	54.38%	455.03%	285.79%	663.45%	117.78%	364.75%	417.86%
Free Cash Flow to Firm to Interest Expense	-1.34	-4.13	2.23	1.67	0.00	0.00	-8.59	-4.39	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	1.28	2.61	6.84	10.61	0.00	0.00	3.28	9.78	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.11	1.56	5.64	8.37	0.00	0.00	2.13	8.31	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.22	3.38	3.36	3.40	3.38	3.31	3.29	3.30	3.24	3.22	3.16
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	13.38	13.74	13.70	13.99	13.44	13.48	13.59	14.03	13.49	13.45	13.70
Fixed Asset Turnover	16.20	16.59	16.80	16.29	16.20	15.95	15.70	15.14	15.07	15.00	14.68
Accounts Payable Turnover	10.39	11.55	10.64	10.59	10.61	11.33	10.80	10.43	10.68	11.35	10.95
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	27.27	26.57	26.65	26.10	27.16	27.08	26.86	26.02	27.07	27.14	26.63
Days Payable Outstanding (DPO)	35.14	31.60	34.30	34.46	34.39	32.20	33.80	34.99	34.17	32.16	33.34
Cash Conversion Cycle (CCC)	-7.86	-5.03	-7.66	-8.37	-7.23	-5.12	-6.94	-8.97	-7.11	-5.02	-6.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,528	12,022	11,832	11,708	12,484	13,588	13,742	13,177	13,859	13,851	13,884
Invested Capital Turnover	6.39	6.40	6.45	6.67	6.40	6.05	6.10	6.34	6.05	5.87	5.85
Increase / (Decrease) in Invested Capital	743	1,053	238	513	956	1,566	1,909	1,469	1,375	263	142
Enterprise Value (EV)	44,319	47,531	47,882	46,011	42,571	46,844	51,509	46,609	49,568	49,382	47,969
Market Capitalization	33,906	36,946	37,625	36,312	32,213	35,661	39,869	35,292	37,916	37,545	36,007
Book Value per Share	$2.20	$2.83	$3.10	$3.97	$4.21	$4.77	$4.22	$3.74	$4.49	$4.10	$3.93
Tangible Book Value per Share	($8.35)	($7.99)	($7.73)	($6.90)	($6.87)	($7.98)	($8.55)	($9.00)	($8.58)	($8.65)	($8.95)
Total Capital	11,966	12,522	12,590	12,453	13,053	14,550	14,340	13,873	14,592	14,644	15,411
Total Debt	10,819	11,052	10,982	10,411	10,893	12,113	12,206	11,982	12,356	12,615	13,466
Total Long-Term Debt	10,263	10,350	10,258	10,348	10,704	12,028	12,113	11,513	11,869	11,393	12,234
Net Debt	10,381	10,552	10,224	9,666	10,324	11,150	11,608	11,286	11,623	11,822	11,939
Capital Expenditures (CapEx)	145	139	162	305	160	169	181	244	45	122	196
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,926	2,209	1,883	1,386	2,061	2,177	2,334	1,575	2,230	2,377	2,252
Debt-free Net Working Capital (DFNWC)	2,364	2,710	2,641	2,131	2,631	3,140	2,932	2,271	2,963	3,170	3,779
Net Working Capital (NWC)	1,808	2,007	1,918	2,068	2,442	3,055	2,839	1,802	2,476	1,948	2,547
Net Nonoperating Expense (NNE)	111	366	110	6.18	107	118	129	132	127	136	121
Net Nonoperating Obligations (NNO)	10,381	10,552	10,224	9,666	10,324	11,150	11,608	11,286	11,623	11,822	11,939
Total Depreciation and Amortization (D&A)	222	223	229	235	240	253	259	264	273	276	273
Debt-free, Cash-free Net Working Capital to Revenue	2.70%	3.00%	2.49%	1.82%	2.68%	2.81%	2.99%	2.00%	2.80%	2.95%	2.79%
Debt-free Net Working Capital to Revenue	3.32%	3.68%	3.50%	2.79%	3.42%	4.05%	3.76%	2.88%	3.72%	3.93%	4.68%
Net Working Capital to Revenue	2.54%	2.73%	2.54%	2.71%	3.18%	3.94%	3.64%	2.29%	3.11%	2.42%	3.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.92	$0.28	$0.85	$1.44	$1.00	$0.82	$0.85	$1.23	$1.00	$0.83	$0.82
Adjusted Weighted Average Basic Shares Outstanding	507.58M	507.61M	507.72M	507.36M	505.13M	504.31M	499.64M	501.24M	492.02M	490.70M	487.52M
Adjusted Diluted Earnings per Share	$0.91	$0.28	$0.84	$1.44	$0.99	$0.82	$0.85	$1.23	$0.99	$0.82	$0.82
Adjusted Weighted Average Diluted Shares Outstanding	510.38M	510.15M	509.84M	509.72M	507.07M	505.93M	501.92M	503.10M	493.79M	492.80M	489.33M
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	506.77M	507.60M	506.68M	504.93M	504.37M	497.83M	497.98M	491.52M	491.23M	489.23M	484.75M
Normalized Net Operating Profit after Tax (NOPAT)	577	507	539	740	610	533	554	743	617	542	522
Normalized NOPAT Margin	3.01%	2.73%	2.86%	3.75%	3.11%	2.76%	2.86%	3.62%	3.01%	2.69%	2.66%
Pre Tax Income Margin	3.11%	0.96%	2.94%	4.85%	3.38%	2.83%	2.86%	3.91%	3.13%	2.65%	2.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.79	2.35	5.11	8.05	0.00	0.00	4.51	5.87	0.00	0.00	0.00
NOPAT to Interest Expense	4.64	3.84	4.00	5.44	0.00	0.00	3.51	4.50	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	4.63	1.30	3.91	5.80	0.00	0.00	3.36	4.39	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	3.48	2.78	2.80	3.20	0.00	0.00	2.36	3.03	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	66.91%	68.72%	63.79%	56.27%	55.31%	48.23%	48.47%	51.56%	51.80%	51.99%	52.49%
Augmented Payout Ratio	119.97%	93.49%	93.65%	84.52%	73.69%	69.00%	88.06%	114.58%	115.65%	120.90%	117.02%

Key Financial Trends

Sysco Corporation (NYSE: SYY) has demonstrated generally steady financial performance over the past several years, with consistent revenue growth, profitability, and cash flow generation. Here is a detailed summary of key financial trends based on the quarterly financial data from Q3 2022 through Q3 2025.

Revenue Growth: Sysco’s operating revenue has shown a gradual increase from approximately $16.9 billion in Q3 2022 to nearly $19.6 billion in Q3 2025, indicating steady top-line growth over the period.
Consistent Profitability: Net income attributable to common shareholders has increased from about $303 million in Q3 2022 to $401 million in Q3 2025, with quarterly earnings per share (diluted) rising from around $0.59 to $0.82. This signifies improving profitability.
Operating Income Stability: Operating income has remained relatively stable, hovering between $495 million in early 2022 up to over $680 million by Q3 2025, showcasing operational efficiency despite fluctuations in costs.
Strong Cash Flow from Operations: Net cash provided by operating activities generally improved over the last 3 years, reaching $819 million in Q3 2025 compared to around $368 million in Q3 2022, supporting good liquidity and operational strength.
Capital Expenditures Allocation: Sysco has consistently invested in property, plant, and equipment, with capital expenditures averaging around $120 million to $300 million quarterly. This investment supports future growth and operational capabilities.
Share Repurchases and Dividends: The company has regularly repurchased common equity and paid dividends (around $0.49-$0.51 per share quarterly), which supports shareholder returns but also affects cash outflows.
Debt Management: Long-term debt levels have increased from roughly $10 billion in 2022 to over $12 billion in 2025. The company actively manages debt through periodic repayments and issuances, keeping financing fluid but with rising leverage.",
Inventory Levels: Inventories have fluctuated but have mostly trended higher from about $4.4 billion in 2022 to roughly $4.9 billion by Q3 2025, in line with revenue growth, indicating effective inventory management matching demand.
Rising Operating Costs: Cost of revenue has closely tracked revenue increases but remains high, with gross margin moderately pressured (gross profit around 17-18%). Slight cost increases could impact margin expansion potential.
Decreasing Equity Base: Total common equity has slightly declined from $2.1 billion in 2023 down to $1.9 billion in 2025, partially due to treasury stock increases and share repurchases, which may constrain financial flexibility.

Summary: Sysco has demonstrated steady growth in revenues and earnings over the past three years with consistent operational cash flow generation and disciplined capital expenditures. The company maintains active capital management through dividends and share repurchases, which benefits shareholders but slightly reduces equity. Rising debt levels and operating costs are areas to monitor going forward. Overall, Sysco appears financially resilient with positive fundamental trends supporting a stable investment profile for retail investors.

08/04/25 01:55 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Sysco's Financials

When does Sysco's financial year end?

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

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

Sysco's net income appears to be on an upward trend, with a most recent value of $1.96 billion in 2024, rising from $686.77 million in 2015. The previous period was $1.77 billion in 2023. Find out what analysts predict for Sysco in the coming months.

What is Sysco's operating income?

Sysco's total operating income in 2024 was $3.20 billion, based on the following breakdown:

Total Gross Profit: $14.61 billion
Total Operating Expenses: $11.41 billion

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

Over the last 9 years, Sysco's total revenue changed from $48.68 billion in 2015 to $78.84 billion in 2024, a change of 62.0%.

How much debt does Sysco have?

Sysco's total liabilities were at $23.03 billion at the end of 2024, a 10.8% increase from 2023, and a 82.7% increase since 2015.

How much cash does Sysco have?

In the past 9 years, Sysco's cash and equivalents has ranged from $513.46 million in 2019 to $6.06 billion in 2020, and is currently $696 million as of their latest financial filing in 2024.

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

Over the last 9 years, Sysco's book value per share changed from 8.86 in 2015 to 3.74 in 2024, a change of -57.8%.

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This page (NYSE:SYY) was last updated on 8/4/2025 by MarketBeat.com Staff

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