United Natural Foods (UNFI) Financials

$30.88 +0.52 (+1.71%)

As of 05/20/2025 03:58 PM Eastern

Annual Income Statements for United Natural Foods

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	8/3/2024	7/29/2023	7/30/2022	7/31/2021	8/1/2020	8/3/2019	7/28/2018	7/29/2017	7/30/2016	8/1/2015	8/2/2014
Net Income / (Loss) Attributable to Common Shareholders	-112	24	248	149	-274	-285	163	130	126	139	125
Consolidated Net Income / (Loss)	-110	30	254	155	-269	-285	163	130	126	139	125
Net Income / (Loss) Continuing Operations	-110	30	254	149	-251	-282	163	130	126	139	125
Total Pre-Tax Income	-137	7.00	310	183	-342	-341	210	214	208	230	207
Total Operating Income	8.00	120	423	294	-193	-196	224	226	224	242	211
Total Gross Profit	4,201	4,131	4,182	3,939	3,889	3,220	1,520	1,429	1,279	1,261	1,128
Total Revenue	30,980	30,272	28,928	26,950	26,559	22,341	10,227	9,274	8,470	8,185	6,794
Operating Revenue	30,980	30,272	28,928	26,950	26,559	22,341	10,227	9,274	8,470	8,185	6,794
Total Cost of Revenue	26,779	26,141	24,746	23,011	22,670	19,121	8,707	7,846	7,191	6,924	5,667
Operating Cost of Revenue	26,779	26,141	24,746	23,011	22,670	19,121	8,707	7,846	7,191	6,924	5,667
Total Operating Expenses	4,193	4,011	3,759	3,645	4,082	3,416	1,296	1,203	1,055	1,019	917
Selling, General & Admin Expense	4,100	3,973	3,825	3,593	3,552	2,976	1,275	1,196	1,050	1,018	917
Restructuring Charge	36	8.00	21	56	87	148	9.74	6.86	5.55	0.80	0.00
Other Special Charges / (Income)	57	30	-87	-4.00	18	-1.00	0.00	-	-	-	-
Total Other Income / (Expense), net	-145	-113	-113	-111	-149	-145	-14	-12	-16	-12	-3.38
Interest Expense	162	144	155	204	192	181	16	17	16	14	7.75
Other Income / (Expense), net	17	31	42	93	43	36	1.55	5.15	-0.74	1.95	3.87
Income Tax Expense	-27	-23	56	34	-91	-59	47	84	82	91	82
Net Income / (Loss) Attributable to Noncontrolling Interest	2.00	6.00	6.00	6.00	5.00	0.00	0.00	0.00	-	-	-
Basic Earnings per Share	($1.89)	$0.41	$4.28	$2.65	($5.10)	($5.56)	$3.22	$2.57	-	-	-
Weighted Average Basic Shares Outstanding	59.30M	59.20M	58M	56.10M	53.80M	51.20M	50.53M	50.57M	50.31M	50.02M	49.60M
Diluted Earnings per Share	($1.89)	$0.40	$4.07	$2.48	($5.10)	($5.56)	$3.20	$2.56	-	-	-
Weighted Average Diluted Shares Outstanding	59.30M	60.70M	61M	60M	53.80M	51.20M	50.84M	50.78M	50.40M	50.27M	49.89M
Weighted Average Basic & Diluted Shares Outstanding	59.52M	58.50M	58.31M	56.45M	54.84M	53.43M	50.42M	50.62M	50.39M	50.10M	49.78M

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

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/1/2025	11/2/2024	8/3/2024	4/27/2024	1/27/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022	7/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-3.00	-21	-37	-21	-15	-39	-68	7.00	19	66	39
Consolidated Net Income / (Loss)	-2.00	-20	-37	-20	-14	-39	-67	8.00	22	67	41
Net Income / (Loss) Continuing Operations	-2.00	-20	-37	-20	-14	-39	-67	8.00	22	67	41
Total Pre-Tax Income	-5.00	-24	-44	-26	-19	-48	-103	7.00	31	72	44
Total Operating Income	27	5.00	2.00	6.00	16	-16	-75	33	63	99	68
Total Gross Profit	1,072	1,038	1,116	1,020	1,035	1,030	966	1,000	1,069	1,096	1,053
Total Revenue	8,158	7,871	8,155	7,498	7,775	7,552	7,417	7,507	7,816	7,532	7,273
Operating Revenue	8,158	7,871	8,155	7,498	7,775	7,552	7,417	7,507	7,816	7,532	7,273
Total Cost of Revenue	7,086	6,833	7,039	6,478	6,740	6,522	6,451	6,507	6,747	6,436	6,220
Operating Cost of Revenue	7,086	6,833	7,039	6,478	6,740	6,522	6,451	6,507	6,747	6,436	6,220
Total Operating Expenses	1,045	1,033	1,114	1,014	1,019	1,046	1,041	967	1,006	997	985
Selling, General & Admin Expense	1,031	1,015	1,075	992	1,010	1,023	1,004	967	1,002	1,000	980
Restructuring Charge	9.00	12	19	9.00	4.00	4.00	7.00	-4.00	3.00	2.00	5.00
Other Special Charges / (Income)	5.00	6.00	20	13	5.00	19	30	4.00	1.00	-5.00	-
Total Other Income / (Expense), net	-32	-29	-46	-32	-35	-32	-28	-26	-32	-27	-24
Interest Expense	38	36	50	37	40	35	35	35	39	35	34
Other Income / (Expense), net	6.00	7.00	4.00	5.00	5.00	3.00	7.00	9.00	7.00	8.00	10
Income Tax Expense	-3.00	-4.00	-7.00	-6.00	-5.00	-9.00	-36	-1.00	9.00	5.00	3.00
Net Income / (Loss) Attributable to Noncontrolling Interest	1.00	1.00	-	1.00	1.00	0.00	1.00	1.00	3.00	1.00	2.00
Basic Earnings per Share	($0.05)	($0.35)	($0.63)	($0.34)	($0.25)	($0.67)	($1.15)	$0.12	$0.32	$1.12	$0.66
Weighted Average Basic Shares Outstanding	60.20M	59.60M	59.30M	59.40M	59.40M	58.70M	59.20M	59.40M	59.80M	58.80M	58M
Diluted Earnings per Share	($0.05)	($0.35)	($0.63)	($0.34)	($0.25)	($0.67)	($1.10)	$0.12	$0.31	$1.07	$0.64
Weighted Average Diluted Shares Outstanding	60.20M	59.60M	59.30M	59.40M	59.40M	58.70M	60.70M	60.40M	61M	61.60M	61M
Weighted Average Basic & Diluted Shares Outstanding	60.52M	59.92M	59.52M	59.47M	59.44M	59.41M	58.50M	58.60M	59.40M	59.83M	58.31M

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	8/3/2024	7/29/2023	7/30/2022	7/31/2021	8/1/2020	8/3/2019	7/28/2018	7/29/2017	7/30/2016	8/1/2015	8/2/2014
Net Change in Cash & Equivalents	3.00	-7.00	3.00	-6.00	2.00	2.00	7.90	-3.18	1.21	1.26	5.01
Net Cash From Operating Activities	253	624	331	614	457	285	109	273	297	49	62
Net Cash From Continuing Operating Activities	253	624	331	614	457	293	109	273	297	49	62
Net Income / (Loss) Continuing Operations	-110	30	254	149	-251	-282	163	130	126	139	125
Consolidated Net Income / (Loss)	-110	30	254	155	-269	-285	163	130	126	139	125
Depreciation Expense	319	304	285	285	282	248	88	86	71	64	49
Non-Cash Adjustments To Reconcile Net Income	88	156	103	32	554	364	51	28	23	14	13
Changes in Operating Assets and Liabilities, net	-44	134	-311	148	-128	-37	-193	29	77	-168	-125
Net Cash From Investing Activities	-342	-339	-49	-237	-1.00	-2,259	-47	-60	-351	-142	-353
Net Cash From Continuing Investing Activities	-342	-339	-49	-239	-28	-2,341	-47	-60	-351	-142	-353
Purchase of Property, Plant & Equipment	-345	-323	-251	-310	-173	-228	-45	-56	-41	-129	-147
Purchase of Investments	-22	-32	-28	-11	-	-	-	-2.00	-	-	-
Sale of Property, Plant & Equipment	25	16	230	82	147	179	1.04	0.17	0.11	1.03	6.08
Net Cash From Financing Activities	92	-292	-279	-384	-453	1,996	-54	-217	56	94	295
Net Cash From Continuing Financing Activities	92	-292	-279	-384	-453	1,996	-54	-217	56	94	295
Repayment of Debt	-2,483	-3,160	-4,667	-4,543	-4,741	-3,945	-582	-430	-660	-793	-571
Repurchase of Common Equity	-7.00	-102	-41	-14	-1.00	-3.00	-29	-1.31	-1.72	-2.43	-3.76
Payment of Dividends	-4.00	-6.00	-4.00	-4.00	-5.00	-1.00	0.00	-	-	-	-
Issuance of Debt	2,586	2,976	4,425	4,176	4,280	5,921	556	216	716	883	865
Other Financing Activities, net	0.00	0.00	8.00	1.00	14	24	-	-1.32	1.93	6.16	4.82
Effect of Exchange Rate Changes	0.00	0.00	0.00	1.00	-1.00	-	-0.58	0.57	-0.83	0.04	0.02
Cash Interest Paid	159	133	134	146	182	183	16	17	17	15	6.60
Cash Income Taxes Paid	-14	-5.00	5.00	-16	-22	78	64	79	67	72	77

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

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/1/2025	11/2/2024	8/3/2024	4/27/2024	1/27/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022	7/30/2022
Net Change in Cash & Equivalents	7.00	-3.00	1.00	5.00	-3.00	0.00	-1.00	-2.00	1.00	-5.00	-4.00
Net Cash From Operating Activities	247	-110	199	125	183	-254	222	132	532	-262	362
Net Cash From Continuing Operating Activities	247	-110	199	125	183	-254	222	132	532	-262	362
Net Income / (Loss) Continuing Operations	-2.00	-20	-37	-20	-14	-39	-67	8.00	22	67	41
Consolidated Net Income / (Loss)	-2.00	-20	-37	-20	-14	-39	-67	8.00	22	67	41
Depreciation Expense	81	80	91	76	74	78	80	77	73	74	75
Non-Cash Adjustments To Reconcile Net Income	12	10	24	21	17	26	62	39	31	24	60
Changes in Operating Assets and Liabilities, net	156	-180	121	48	106	-319	147	8.00	406	-427	186
Net Cash From Investing Activities	-53	-47	-116	-84	-70	-72	-128	-68	-82	-61	-94
Net Cash From Continuing Investing Activities	-53	-47	-116	-84	-70	-72	-128	-68	-82	-61	-94
Purchase of Property, Plant & Equipment	-54	-49	-128	-76	-67	-74	-105	-67	-84	-67	-93
Sale of Property, Plant & Equipment	1.00	4.00	11	3.00	2.00	9.00	2.00	2.00	5.00	7.00	-1.00
Net Cash From Financing Activities	-186	154	-82	-36	-116	326	-95	-66	-450	319	-272
Net Cash From Continuing Financing Activities	-186	154	-82	-36	-116	326	-95	-66	-450	319	-272
Repayment of Debt	-961	-180	-695	-570	-954	-264	-661	-494	-1,169	-836	-844
Repurchase of Common Equity	-5.00	-4.00	-1.00	-	-	-6.00	-22	-12	-19	-49	1.00
Payment of Dividends	-1.00	-1.00	-	-2.00	-1.00	-1.00	-1.00	-3.00	-	-2.00	-
Issuance of Debt	781	339	614	536	839	597	589	443	738	1,206	572
Effect of Exchange Rate Changes	-1.00	0.00	-	-	-	0.00	-	-	1.00	-1.00	-
Cash Interest Paid	29	48	41	44	30	44	19	49	25	40	24
Cash Income Taxes Paid	1.00	-2.00	-4.00	3.00	-1.00	-12	-1.00	-7.00	4.00	-1.00	5.00

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	8/3/2024	7/29/2023	7/30/2022	7/31/2021	8/1/2020	8/3/2019	7/28/2018	7/29/2017	7/30/2016	8/1/2015	8/2/2014
Total Assets	7,528	7,394	7,628	7,525	7,587	7,174	2,964	2,887	2,852	2,541	2,289
Total Current Assets	3,402	3,463	3,797	3,550	3,705	3,559	1,789	1,663	1,611	1,546	1,370
Cash & Equivalents	40	37	44	41	47	44	23	15	19	17	16
Note & Lease Receivable	953	889	1,214	1,103	1,120	1,067	580	-	-	-	-
Inventories, net	2,179	2,292	2,355	2,247	2,282	2,191	1,136	1,032	1,022	975	835
Prepaid Expenses	230	245	184	157	253	236	50	49	46	47	45
Plant, Property, & Equipment, net	1,820	1,767	1,690	0.00	1,701	1,896	571	602	617	572	484
Total Noncurrent Assets	2,306	2,164	2,141	3,975	2,181	1,719	604	622	624	422	435
Goodwill	19	20	20	20	20	442	362	371	366	267	275
Intangible Assets	649	722	819	891	970	1,090	193	208	222	126	135
Noncurrent Deferred & Refundable Income Taxes	87	32	0.00	57	108	34	0.00	-	-	-	-
Other Noncurrent Operating Assets	1,551	1,390	1,302	3,005	1,079	108	49	42	36	30	25
Total Liabilities & Shareholders' Equity	7,528	7,394	7,628	7,525	7,587	7,174	2,964	2,887	2,852	2,541	2,289
Total Liabilities	5,887	5,650	5,836	6,011	6,445	5,670	1,119	1,205	1,333	1,160	1,046
Total Current Liabilities	2,365	2,405	2,417	2,487	2,370	2,109	699	704	620	528	515
Short-Term Debt	11	18	27	120	83	112	12	12	12	12	0.99
Accounts Payable	1,688	1,781	1,742	1,644	1,634	1,532	517	535	445	390	378
Accrued Expenses	288	283	260	341	283	261	104	157	162	126	137
Current Employee Benefit Liabilities	197	143	232	243	229	188	66	-	-	-	-
Other Current Liabilities	181	180	156	135	131	0.00	-	-	-	-	-
Total Noncurrent Liabilities	3,522	3,245	3,419	3,524	4,075	3,561	419	501	713	632	530
Long-Term Debt	2,081	1,956	2,109	2,175	2,427	2,819	309	373	588	536	448
Noncurrent Employee Benefit Liabilities	15	16	18	53	292	237	0.00	-	-	-	-
Other Noncurrent Operating Liabilities	1,426	1,273	1,284	1,296	1,354	395	35	28	29	30	31
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	1,641	1,744	1,792	1,514	1,142	1,504	1,846	1,682	1,520	1,381	1,243
Total Preferred & Common Equity	1,641	1,743	1,791	1,515	1,145	1,507	1,846	1,682	1,520	1,381	1,243
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	1,641	1,743	1,791	1,515	1,145	1,507	1,846	1,682	1,520	1,381	1,243
Common Stock	636	607	609	600	570	531	484	461	437	421	403
Retained Earnings	1,138	1,250	1,226	978	838	1,109	1,400	1,235	1,105	979	845
Treasury Stock	-86	-86	-24	-24	-24	-24	-24	0.00	-	-	-
Accumulated Other Comprehensive Income / (Loss)	-47	-28	-20	-39	-239	-109	-14	-14	-22	-19	-5.15
Noncontrolling Interest	0.00	1.00	1.00	-1.00	-3.00	-2.74	0.00	-	-	-	-

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

Metric	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	2/1/2025	11/2/2024	4/27/2024	1/27/2024	10/28/2023	4/29/2023	1/28/2023	10/29/2022	4/30/2022
Total Assets	7,731	7,966	7,585	7,671	7,848	7,641	7,635	8,199	7,878
Total Current Assets	3,481	3,743	3,511	3,581	3,957	3,692	3,741	4,360	3,980
Cash & Equivalents	44	37	39	34	37	38	40	39	48
Note & Lease Receivable	1,030	1,103	971	990	1,013	985	992	1,351	1,228
Inventories, net	2,227	2,402	2,232	2,311	2,648	2,465	2,512	2,756	2,559
Prepaid Expenses	180	201	269	246	259	204	197	214	145
Plant, Property, & Equipment, net	1,790	1,800	1,776	1,766	1,744	1,735	1,719	1,684	1,638
Total Noncurrent Assets	2,460	2,423	2,298	2,324	2,147	2,214	2,175	2,155	2,260
Goodwill	19	19	20	20	19	20	20	20	20
Intangible Assets	611	631	668	685	703	765	783	801	837
Noncurrent Deferred & Refundable Income Taxes	85	86	33	34	32	-	-	-	31
Other Noncurrent Operating Assets	1,745	1,687	1,577	1,585	1,393	1,429	1,372	1,334	1,372
Total Liabilities & Shareholders' Equity	7,731	7,966	7,585	7,671	7,848	7,641	7,635	8,199	7,878
Total Liabilities	6,106	6,341	5,904	5,979	6,149	5,799	5,790	6,364	6,094
Total Current Liabilities	2,394	2,530	2,318	2,336	2,577	2,455	2,396	2,565	2,389
Short-Term Debt	9.00	10	11	12	16	21	23	27	26
Accounts Payable	1,768	1,906	1,677	1,722	1,934	1,837	1,797	1,924	1,715
Accrued Expenses	271	278	258	247	277	268	249	258	251
Current Employee Benefit Liabilities	190	156	186	168	169	165	166	199	244
Other Current Liabilities	156	180	186	187	181	164	161	157	153
Total Noncurrent Liabilities	3,712	3,811	3,586	3,643	3,572	3,344	3,394	3,799	3,705
Long-Term Debt	2,068	2,244	2,148	2,176	2,296	2,022	2,065	2,485	2,377
Noncurrent Employee Benefit Liabilities	15	15	16	15	16	18	18	18	20
Other Noncurrent Operating Liabilities	1,629	1,541	1,411	1,452	1,250	1,276	1,297	1,259	1,281
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,625	1,625	1,681	1,692	1,699	1,842	1,845	1,835	1,784
Total Preferred & Common Equity	1,625	1,625	1,681	1,692	1,699	1,841	1,842	1,835	1,785
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,625	1,625	1,681	1,692	1,699	1,841	1,842	1,835	1,785
Common Stock	643	639	625	617	607	603	593	584	600
Retained Earnings	1,114	1,117	1,175	1,196	1,211	1,318	1,311	1,292	1,187
Treasury Stock	-86	-86	-86	-86	-86	-65	-53	-36	-24
Accumulated Other Comprehensive Income / (Loss)	-46	-45	-33	-35	-33	-15	-9.00	-5.00	22
Noncontrolling Interest	0.00	0.00	0.00	0.00	0.00	1.00	3.00	0.00	-1.00

This table displays calculated financial ratios and metrics derived from United Natural Foods' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	8/3/2024	7/29/2023	7/30/2022	7/31/2021	8/1/2020	8/3/2019	7/28/2018	7/29/2017	7/30/2016	8/1/2015	8/2/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.34%	4.65%	7.34%	1.47%	18.88%	118.46%	10.27%	9.49%	3.49%	20.47%	12.04%
EBITDA Growth	-24.40%	-39.33%	11.61%	409.09%	50.00%	-71.94%	-1.13%	7.76%	-4.33%	16.82%	18.77%
EBIT Growth	-83.44%	-67.53%	20.16%	358.00%	6.25%	-170.79%	-2.23%	3.50%	-8.42%	13.63%	19.66%
NOPAT Growth	-98.91%	48.39%	44.79%	277.19%	1.53%	-178.85%	26.83%	1.36%	-7.35%	14.56%	10.99%
Net Income Growth	-466.67%	-88.19%	63.87%	157.62%	5.61%	-275.09%	25.06%	3.49%	-9.35%	10.56%	16.34%
EPS Growth	-572.50%	-90.17%	64.11%	148.63%	8.27%	-273.75%	25.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-59.46%	88.52%	-46.09%	34.35%	60.35%	161.38%	-60.11%	-7.85%	507.01%	-21.71%	40.80%
Free Cash Flow Firm Growth	-100.89%	211.07%	183.36%	-88.45%	129.21%	-4,855.39%	-72.75%	442.13%	38.71%	70.03%	-399.75%
Invested Capital Growth	0.33%	-5.23%	3.08%	4.38%	-18.87%	104.54%	6.01%	-2.33%	9.93%	14.01%	33.82%
Revenue Q/Q Growth	2.44%	0.48%	1.90%	-0.24%	-2.07%	27.14%	2.52%	1.39%	1.83%	3.76%	1.83%
EBITDA Q/Q Growth	32.82%	-23.66%	-0.66%	-0.55%	-40.90%	191.52%	-6.17%	2.37%	0.79%	3.69%	1.02%
EBIT Q/Q Growth	151.02%	-49.16%	-1.06%	-2.70%	-117.75%	44.36%	-8.18%	2.33%	-0.51%	3.25%	0.23%
NOPAT Q/Q Growth	111.59%	118.22%	5.41%	-17.19%	-70.33%	36.83%	-2.37%	0.05%	-1.36%	5.50%	-1.49%
Net Income Q/Q Growth	21.43%	-78.26%	-1.55%	-5.54%	11.53%	-3.96%	-5.23%	3.32%	-1.11%	2.00%	1.05%
EPS Q/Q Growth	19.92%	-81.31%	-1.45%	-13.29%	11.46%	-3.15%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-8.33%	-18.32%	34.01%	80.21%	-30.77%	31.03%	38.10%	7.57%	13.79%	-36.43%	4.54%
Free Cash Flow Firm Q/Q Growth	-476.47%	32.91%	197.28%	-62.24%	6.18%	-8.92%	513.23%	741.56%	-154.58%	65.00%	-124.22%
Invested Capital Q/Q Growth	-3.12%	-4.69%	-6.77%	4.66%	2.37%	4.22%	-4.28%	-1.45%	9.65%	1.74%	12.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.56%	13.65%	14.46%	14.62%	14.64%	14.41%	14.86%	15.41%	15.10%	15.40%	16.60%
EBITDA Margin	1.11%	1.50%	2.59%	2.49%	0.50%	0.39%	3.07%	3.42%	3.48%	3.76%	3.88%
Operating Margin	0.03%	0.40%	1.46%	1.09%	-0.73%	-0.88%	2.20%	2.44%	2.65%	2.96%	3.10%
EBIT Margin	0.08%	0.50%	1.61%	1.44%	-0.56%	-0.72%	2.21%	2.49%	2.64%	2.98%	3.16%
Profit (Net Income) Margin	-0.36%	0.10%	0.88%	0.58%	-1.01%	-1.28%	1.59%	1.40%	1.48%	1.70%	1.85%
Tax Burden Percent	80.29%	428.57%	81.94%	84.70%	78.66%	83.58%	77.52%	60.70%	60.40%	60.38%	60.50%
Interest Burden Percent	-548.00%	4.64%	66.67%	47.29%	228.00%	213.13%	92.91%	92.75%	93.22%	94.20%	96.62%
Effective Tax Rate	0.00%	-328.57%	18.06%	18.58%	0.00%	0.00%	22.48%	39.30%	39.60%	39.62%	39.50%
Return on Invested Capital (ROIC)	0.15%	13.60%	9.06%	6.49%	-3.35%	-4.14%	8.23%	6.61%	6.75%	8.14%	8.71%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.64%	-10.44%	4.80%	2.92%	-8.30%	-13.17%	5.02%	5.13%	5.02%	6.62%	8.01%
Return on Net Nonoperating Assets (RNNOA)	-6.65%	-11.90%	6.31%	5.18%	-16.98%	-12.87%	1.00%	1.52%	1.92%	2.43%	2.01%
Return on Equity (ROE)	-6.50%	1.70%	15.37%	11.67%	-20.33%	-17.01%	9.23%	8.13%	8.67%	10.57%	10.71%
Cash Return on Invested Capital (CROIC)	-0.17%	18.96%	6.03%	2.21%	17.48%	-72.80%	2.40%	8.96%	-2.71%	-4.95%	-20.22%
Operating Return on Assets (OROA)	0.34%	2.01%	6.14%	5.12%	-2.03%	-3.16%	7.73%	8.06%	8.28%	10.10%	10.68%
Return on Assets (ROA)	-1.47%	0.40%	3.35%	2.05%	-3.64%	-5.62%	5.56%	4.54%	4.66%	5.74%	6.24%
Return on Common Equity (ROCE)	-6.50%	1.70%	15.37%	11.69%	-20.37%	-17.03%	9.23%	8.13%	8.67%	10.57%	10.71%
Return on Equity Simple (ROE_SIMPLE)	-6.70%	1.72%	14.18%	10.23%	-23.49%	-18.91%	8.82%	7.74%	8.28%	10.05%	10.09%
Net Operating Profit after Tax (NOPAT)	5.60	514	347	239	-135	-137	174	137	135	146	128
NOPAT Margin	0.02%	1.70%	1.20%	0.89%	-0.51%	-0.61%	1.70%	1.48%	1.60%	1.78%	1.88%
Net Nonoperating Expense Percent (NNEP)	5.80%	24.04%	4.26%	3.57%	4.95%	9.03%	3.21%	1.48%	1.73%	1.53%	0.70%
Cost of Revenue to Revenue	86.44%	86.35%	85.54%	85.38%	85.36%	85.59%	85.14%	84.59%	84.90%	84.60%	83.40%
SG&A Expenses to Revenue	13.23%	13.12%	13.22%	13.33%	13.37%	13.32%	12.46%	12.90%	12.39%	12.43%	13.49%
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	13.53%	13.25%	12.99%	13.53%	15.37%	15.29%	12.67%	12.97%	12.46%	12.44%	13.49%
Earnings before Interest and Taxes (EBIT)	25	151	465	387	-150	-160	226	231	223	244	215
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	344	455	750	672	132	88	314	317	294	308	263
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.53	0.70	1.38	1.23	0.95	0.29	0.89	1.14	1.66	1.65	2.34
Price to Tangible Book Value (P/TBV)	0.89	1.21	2.60	3.09	7.00	0.00	1.27	1.74	2.70	2.31	3.50
Price to Revenue (P/Rev)	0.03	0.04	0.09	0.07	0.04	0.02	0.16	0.21	0.30	0.28	0.43
Price to Earnings (P/E)	0.00	50.59	9.99	12.53	0.00	0.00	10.08	14.73	20.02	16.44	23.23
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	0.00%	1.98%	10.01%	7.98%	0.00%	0.00%	9.92%	6.79%	4.99%	6.08%	4.30%
Enterprise Value to Invested Capital (EV/IC)	0.79	0.86	1.18	1.09	0.98	0.77	0.91	1.11	1.48	1.47	2.00
Enterprise Value to Revenue (EV/Rev)	0.09	0.10	0.16	0.15	0.13	0.15	0.19	0.25	0.37	0.34	0.49
Enterprise Value to EBITDA (EV/EBITDA)	8.49	6.93	6.09	6.13	26.86	39.04	6.28	7.21	10.53	9.13	12.71
Enterprise Value to EBIT (EV/EBIT)	116.81	20.88	9.83	10.64	0.00	0.00	8.72	9.90	13.88	11.52	15.60
Enterprise Value to NOPAT (EV/NOPAT)	521.48	6.13	13.19	17.21	0.00	0.00	11.32	16.67	22.90	19.24	26.25
Enterprise Value to Operating Cash Flow (EV/OCF)	11.54	5.05	13.81	6.71	7.76	12.06	18.07	8.37	10.45	57.52	53.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.39	19.82	50.62	5.03	0.00	38.85	12.29	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.27	1.13	1.19	1.52	2.20	2.02	0.19	0.23	0.39	0.40	0.36
Long-Term Debt to Equity	1.27	1.12	1.18	1.44	2.13	1.95	0.18	0.22	0.39	0.39	0.36
Financial Leverage	1.18	1.14	1.31	1.78	2.05	0.98	0.20	0.30	0.38	0.37	0.25
Leverage Ratio	4.41	4.25	4.58	5.69	5.58	3.03	1.66	1.79	1.86	1.84	1.72
Compound Leverage Factor	-24.16	0.20	3.06	2.69	12.72	6.45	1.54	1.66	1.73	1.73	1.66
Debt to Total Capital	56.04%	53.09%	54.38%	60.25%	68.73%	66.89%	16.04%	18.65%	28.31%	28.39%	26.54%
Short-Term Debt to Total Capital	0.29%	0.48%	0.69%	3.15%	2.27%	2.47%	0.57%	0.59%	0.56%	0.60%	0.06%
Long-Term Debt to Total Capital	55.75%	52.61%	53.69%	57.10%	66.46%	64.43%	15.48%	18.06%	27.75%	27.79%	26.48%
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%	0.03%	0.03%	-0.03%	-0.08%	-0.06%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.96%	46.88%	45.60%	39.77%	31.35%	33.17%	83.96%	81.35%	71.69%	71.61%	73.46%
Debt to EBITDA	6.08	4.34	2.85	3.42	19.02	34.54	1.12	1.22	2.04	1.78	1.71
Net Debt to EBITDA	5.97	4.26	2.79	3.35	18.66	34.03	1.05	1.17	1.98	1.72	1.64
Long-Term Debt to EBITDA	6.05	4.30	2.81	3.24	18.39	33.26	1.09	1.18	2.00	1.74	1.70
Debt to NOPAT	373.57	3.84	6.16	9.59	-18.58	-22.15	2.03	2.81	4.43	3.75	3.52
Net Debt to NOPAT	366.43	3.77	6.04	9.42	-18.23	-21.83	1.89	2.70	4.30	3.63	3.40
Long-Term Debt to NOPAT	371.61	3.80	6.09	9.09	-17.96	-21.34	1.96	2.72	4.35	3.67	3.51
Altman Z-Score	4.59	4.70	4.69	4.29	3.90	3.55	5.68	5.43	5.32	5.74	5.92
Noncontrolling Interest Sharing Ratio	0.03%	0.06%	0.00%	-0.15%	-0.22%	-0.08%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.44	1.44	1.57	1.43	1.56	1.69	2.56	2.36	2.60	2.93	2.66
Quick Ratio	0.42	0.39	0.52	0.46	0.49	0.53	0.86	0.77	0.82	0.93	0.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-6.40	717	231	81	704	-2,411	51	186	-54	-89	-296
Operating Cash Flow to CapEx	79.06%	203.26%	1,576.19%	269.30%	1,757.69%	581.63%	250.27%	488.58%	718.77%	38.14%	44.20%
Free Cash Flow to Firm to Interest Expense	-0.04	4.98	1.49	0.40	3.67	-13.32	3.16	11.11	-3.35	-6.12	-38.20
Operating Cash Flow to Interest Expense	1.56	4.33	2.14	3.01	2.38	1.57	6.80	16.31	18.24	3.37	8.05
Operating Cash Flow Less CapEx to Interest Expense	-0.41	2.20	2.00	1.89	2.24	1.30	4.09	12.98	15.70	-5.47	-10.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	4.15	4.03	3.82	3.57	3.60	4.41	3.50	3.23	3.14	3.39	3.38
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	18.27	17.57	17.87	17.40
Inventory Turnover	11.98	11.25	10.75	10.16	10.14	11.50	8.03	7.64	7.20	7.65	7.37
Fixed Asset Turnover	17.27	17.51	0.00	0.00	14.77	18.11	17.43	15.22	14.25	15.50	16.52
Accounts Payable Turnover	15.44	14.84	14.62	14.04	14.32	18.66	16.56	16.01	17.21	18.04	17.14
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.98	20.77	20.42	20.98
Days Inventory Outstanding (DIO)	30.47	32.44	33.94	35.92	36.01	31.75	45.43	47.76	50.68	47.70	49.50
Days Payable Outstanding (DPO)	23.64	24.60	24.97	26.00	25.49	19.56	22.05	22.80	21.21	20.23	21.30
Cash Conversion Cycle (CCC)	6.83	7.85	8.97	9.92	10.52	12.19	23.39	44.95	50.25	47.89	49.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,693	3,681	3,884	3,768	3,610	4,450	2,175	2,052	2,101	1,911	1,676
Invested Capital Turnover	8.40	8.00	7.56	7.31	6.59	6.74	4.84	4.47	4.22	4.56	4.64
Increase / (Decrease) in Invested Capital	12	-203	116	158	-840	2,274	123	-49	190	235	424
Enterprise Value (EV)	2,920	3,152	4,571	4,119	3,546	3,436	1,970	2,287	3,100	2,811	3,348
Market Capitalization	868	1,214	2,478	1,866	1,086	444	1,640	1,917	2,518	2,280	2,915
Book Value per Share	$27.59	$29.74	$30.72	$26.89	$20.94	$28.59	$36.58	$33.23	$30.16	$27.57	$25.04
Tangible Book Value per Share	$16.36	$17.08	$16.33	$10.72	$2.83	($0.48)	$25.57	$21.78	$18.48	$19.74	$16.79
Total Capital	3,733	3,718	3,928	3,809	3,652	4,544	2,199	2,068	2,120	1,929	1,693
Total Debt	2,092	1,974	2,136	2,295	2,510	3,039	353	386	600	548	449
Total Long-Term Debt	2,081	1,956	2,109	2,175	2,427	2,927	340	373	588	536	448
Net Debt	2,052	1,937	2,092	2,254	2,463	2,995	329	370	582	530	433
Capital Expenditures (CapEx)	320	307	21	228	26	49	44	56	41	128	141
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,008	1,039	1,363	1,142	1,371	1,518	1,079	955	985	1,013	839
Debt-free Net Working Capital (DFNWC)	1,048	1,076	1,407	1,183	1,418	1,562	1,102	971	1,003	1,030	855
Net Working Capital (NWC)	1,037	1,058	1,380	1,063	1,335	1,450	1,090	959	991	1,018	854
Net Nonoperating Expense (NNE)	116	484	93	84	134	148	11	7.04	9.60	7.36	2.04
Net Nonoperating Obligations (NNO)	2,052	1,937	2,092	2,254	2,468	2,945	329	370	582	530	433
Total Depreciation and Amortization (D&A)	319	304	285	285	282	248	88	86	71	64	49
Debt-free, Cash-free Net Working Capital to Revenue	3.25%	3.43%	4.71%	4.24%	5.16%	6.79%	10.55%	10.30%	11.63%	12.37%	12.35%
Debt-free Net Working Capital to Revenue	3.38%	3.55%	4.86%	4.39%	5.34%	6.99%	10.78%	10.47%	11.85%	12.58%	12.59%
Net Working Capital to Revenue	3.35%	3.50%	4.77%	3.94%	5.03%	6.49%	10.66%	10.34%	11.71%	12.44%	12.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.89)	$0.41	$4.28	$2.65	($5.10)	($5.56)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	59.30M	59.20M	58M	56.10M	53.78M	51.25M	50.53M	50.57M	50.31M	50.02M	49.60M
Adjusted Diluted Earnings per Share	($1.89)	$0.40	$4.07	$2.48	($5.10)	($5.56)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	59.30M	60.70M	61M	60M	53.78M	51.54M	50.84M	50.78M	50.40M	50.27M	49.89M
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	59.52M	58.50M	58.31M	56.45M	54.84M	53.43M	50.42M	50.62M	50.39M	50.10M	49.78M
Normalized Net Operating Profit after Tax (NOPAT)	71	111	293	282	236	171	190	141	139	147	128
Normalized NOPAT Margin	0.23%	0.37%	1.01%	1.05%	0.89%	0.76%	1.86%	1.52%	1.64%	1.79%	1.88%
Pre Tax Income Margin	-0.44%	0.02%	1.07%	0.68%	-1.29%	-1.53%	2.05%	2.31%	2.46%	2.81%	3.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.15	1.05	3.00	1.90	-0.78	-0.88	14.10	13.80	13.74	16.82	27.69
NOPAT to Interest Expense	0.03	3.57	2.24	1.17	-0.70	-0.76	10.86	8.19	8.33	10.08	16.45
EBIT Less CapEx to Interest Expense	-1.82	-1.08	2.86	0.78	-0.92	-1.15	11.39	10.46	11.20	7.99	9.47
NOPAT Less CapEx to Interest Expense	-1.94	1.44	2.10	0.06	-0.84	-1.03	8.14	4.85	5.79	1.24	-1.77
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-3.64%	20.00%	1.57%	2.58%	-1.86%	-0.35%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-10.00%	360.00%	17.72%	11.61%	-2.23%	-1.40%	17.69%	1.01%	1.37%	1.75%	2.99%

This table displays calculated financial ratios and metrics derived from United Natural Foods' official financial filings.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/1/2025	11/2/2024	8/3/2024	4/27/2024	1/27/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022	7/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.93%	4.22%	9.95%	-0.12%	-0.52%	0.27%	1.98%	3.66%	5.39%	7.65%	7.99%
EBITDA Growth	20.00%	41.54%	708.33%	-26.89%	-33.57%	-64.09%	-92.16%	-42.23%	-30.58%	-2.16%	-3.16%
EBIT Growth	57.14%	192.31%	108.82%	-73.81%	-70.00%	-112.15%	-187.18%	-68.66%	-48.91%	-7.76%	-6.02%
NOPAT Growth	68.75%	131.25%	102.67%	-88.86%	-74.95%	-112.16%	-182.86%	-56.26%	-51.08%	-15.02%	47.68%
Net Income Growth	85.71%	48.72%	44.78%	-350.00%	-163.64%	-158.21%	-263.41%	-88.24%	-67.65%	-12.99%	-8.89%
EPS Growth	80.00%	47.76%	42.73%	-383.33%	-180.65%	-162.62%	-271.88%	-89.09%	-71.30%	-14.40%	-8.57%
Operating Cash Flow Growth	34.97%	56.69%	-10.36%	-5.30%	-65.60%	3.05%	-38.67%	278.38%	329.03%	-223.46%	30.22%
Free Cash Flow Firm Growth	255.50%	-59.59%	-107.04%	-84.14%	-73.63%	268.19%	385.92%	171.25%	156.92%	-8.32%	54.27%
Invested Capital Growth	-4.89%	-3.29%	0.33%	-1.29%	-1.21%	-7.95%	-5.23%	-7.30%	-4.33%	7.18%	3.08%
Revenue Q/Q Growth	3.65%	-3.48%	8.76%	-3.56%	2.95%	1.82%	-1.20%	-3.95%	3.77%	3.56%	0.43%
EBITDA Q/Q Growth	23.91%	-5.15%	11.49%	-8.42%	46.15%	441.67%	-89.92%	-16.78%	-20.99%	18.30%	-25.73%
EBIT Q/Q Growth	175.00%	100.00%	-45.45%	-47.62%	261.54%	80.88%	-261.90%	-40.00%	-34.58%	37.18%	-41.79%
NOPAT Q/Q Growth	440.00%	150.00%	-66.67%	-62.50%	200.00%	78.67%	-239.20%	-15.65%	-51.47%	45.39%	-26.52%
Net Income Q/Q Growth	90.00%	45.95%	-85.00%	-42.86%	64.10%	41.79%	-937.50%	-63.64%	-67.16%	63.41%	-39.71%
EPS Q/Q Growth	85.71%	44.44%	-85.29%	-36.00%	62.69%	39.09%	-1,016.67%	-61.29%	-71.03%	67.19%	-41.82%
Operating Cash Flow Q/Q Growth	324.55%	-155.28%	59.20%	-31.69%	172.05%	-214.41%	68.18%	-75.19%	303.05%	-172.38%	589.19%
Free Cash Flow Firm Q/Q Growth	53.83%	1,368.87%	-119.56%	-6.87%	-82.51%	121.13%	-55.96%	54.83%	211.54%	-275.93%	89.03%
Invested Capital Q/Q Growth	-5.06%	4.33%	-3.12%	-0.88%	-3.46%	8.23%	-4.69%	-0.80%	-10.05%	11.43%	-6.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.14%	13.19%	13.68%	13.60%	13.31%	13.64%	13.02%	13.32%	13.68%	14.55%	14.48%
EBITDA Margin	1.40%	1.17%	1.19%	1.16%	1.22%	0.86%	0.16%	1.59%	1.83%	2.40%	2.10%
Operating Margin	0.33%	0.06%	0.02%	0.08%	0.21%	-0.21%	-1.01%	0.44%	0.81%	1.31%	0.94%
EBIT Margin	0.40%	0.15%	0.07%	0.15%	0.27%	-0.17%	-0.92%	0.56%	0.90%	1.42%	1.07%
Profit (Net Income) Margin	-0.02%	-0.25%	-0.45%	-0.27%	-0.18%	-0.52%	-0.90%	0.11%	0.28%	0.89%	0.56%
Tax Burden Percent	40.00%	83.33%	84.09%	76.92%	73.68%	81.25%	65.05%	114.29%	70.97%	93.06%	93.18%
Interest Burden Percent	-15.15%	-200.00%	-733.33%	-236.36%	-90.48%	369.23%	151.47%	16.67%	44.29%	67.29%	56.41%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-14.29%	29.03%	6.94%	6.82%
Return on Invested Capital (ROIC)	1.96%	0.36%	0.14%	0.44%	1.13%	-1.08%	-5.66%	3.77%	4.29%	8.62%	6.59%
ROIC Less NNEP Spread (ROIC-NNEP)	0.96%	-0.69%	-1.78%	-0.72%	-0.07%	-2.24%	-6.38%	2.42%	3.27%	7.60%	5.56%
Return on Net Nonoperating Assets (RNNOA)	1.21%	-0.93%	-2.10%	-0.85%	-0.09%	-3.03%	-7.27%	2.94%	4.11%	10.98%	7.31%
Return on Equity (ROE)	3.17%	-0.58%	-1.95%	-0.41%	1.04%	-4.12%	-12.94%	6.71%	8.40%	19.59%	13.89%
Cash Return on Invested Capital (CROIC)	5.76%	3.86%	-0.17%	0.04%	0.45%	8.36%	18.96%	13.44%	11.62%	0.98%	6.03%
Operating Return on Assets (OROA)	1.66%	0.60%	0.31%	0.58%	1.07%	-0.65%	-3.70%	2.17%	3.47%	5.17%	4.09%
Return on Assets (ROA)	-0.10%	-1.01%	-1.88%	-1.06%	-0.71%	-1.95%	-3.64%	0.41%	1.09%	3.24%	2.15%
Return on Common Equity (ROCE)	3.17%	-0.58%	-1.95%	-0.41%	1.04%	-4.12%	-12.93%	6.71%	8.39%	19.60%	13.89%
Return on Equity Simple (ROE_SIMPLE)	-4.86%	-5.60%	0.00%	-8.33%	-6.62%	-4.47%	0.00%	7.50%	10.75%	13.30%	0.00%
Net Operating Profit after Tax (NOPAT)	19	3.50	1.40	4.20	11	-11	-53	38	45	92	63
NOPAT Margin	0.23%	0.04%	0.02%	0.06%	0.14%	-0.15%	-0.71%	0.50%	0.57%	1.22%	0.87%
Net Nonoperating Expense Percent (NNEP)	1.00%	1.04%	1.93%	1.17%	1.20%	1.16%	0.72%	1.35%	1.02%	1.02%	1.03%
Return On Investment Capital (ROIC_SIMPLE)	0.51%	0.09%	-	-	0.29%	-0.28%	-	-	-	-	-
Cost of Revenue to Revenue	86.86%	86.81%	86.32%	86.40%	86.69%	86.36%	86.98%	86.68%	86.32%	85.45%	85.52%
SG&A Expenses to Revenue	12.64%	12.90%	13.18%	13.23%	12.99%	13.55%	13.54%	12.88%	12.82%	13.28%	13.47%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.81%	13.12%	13.66%	13.52%	13.11%	13.85%	14.04%	12.88%	12.87%	13.24%	13.54%
Earnings before Interest and Taxes (EBIT)	33	12	6.00	11	21	-13	-68	42	70	107	78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	114	92	97	87	95	65	12	119	143	181	153
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.10	0.75	0.53	0.32	0.52	0.49	0.70	0.88	1.32	1.35	1.38
Price to Tangible Book Value (P/TBV)	1.79	1.26	0.89	0.55	0.90	0.85	1.21	1.53	2.34	2.45	2.60
Price to Revenue (P/Rev)	0.06	0.04	0.03	0.02	0.03	0.03	0.04	0.05	0.08	0.08	0.09
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	50.59	12.36	12.75	10.43	9.99
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.98%	8.09%	7.85%	9.59%	10.01%
Enterprise Value to Invested Capital (EV/IC)	1.04	0.90	0.79	0.70	0.79	0.78	0.86	0.94	1.15	1.15	1.18
Enterprise Value to Revenue (EV/Rev)	0.12	0.11	0.09	0.09	0.10	0.10	0.10	0.12	0.15	0.17	0.16
Enterprise Value to EBITDA (EV/EBITDA)	9.78	9.31	8.49	10.32	10.44	9.18	6.93	6.11	6.57	6.67	6.09
Enterprise Value to EBIT (EV/EBIT)	61.53	69.06	116.81	0.00	0.00	100.39	20.88	12.26	11.53	10.91	9.83
Enterprise Value to NOPAT (EV/NOPAT)	136.25	170.10	521.48	0.00	0.00	889.20	6.13	15.45	15.66	15.03	13.19
Enterprise Value to Operating Cash Flow (EV/OCF)	8.28	8.70	11.54	9.69	10.74	4.92	5.05	4.77	8.04	33.16	13.81
Enterprise Value to Free Cash Flow (EV/FCFF)	17.66	22.82	0.00	1,572.74	172.68	8.96	4.39	6.75	9.70	121.57	19.82
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.28	1.39	1.27	1.29	1.29	1.37	1.13	1.12	1.13	1.38	1.19
Long-Term Debt to Equity	1.27	1.39	1.27	1.28	1.29	1.36	1.12	1.11	1.12	1.37	1.18
Financial Leverage	1.26	1.36	1.18	1.18	1.19	1.35	1.14	1.21	1.26	1.44	1.31
Leverage Ratio	4.64	4.76	4.41	4.32	4.33	4.54	4.25	4.28	4.38	4.73	4.58
Compound Leverage Factor	-0.70	-9.52	-32.33	-10.22	-3.92	16.77	6.43	0.71	1.94	3.19	2.59
Debt to Total Capital	56.10%	58.23%	56.04%	56.35%	56.39%	57.75%	53.09%	52.77%	53.09%	57.98%	54.38%
Short-Term Debt to Total Capital	0.24%	0.26%	0.29%	0.29%	0.31%	0.40%	0.48%	0.54%	0.58%	0.62%	0.69%
Long-Term Debt to Total Capital	55.86%	57.97%	55.75%	56.06%	56.08%	57.35%	52.61%	52.23%	52.50%	57.36%	53.69%
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%	0.03%	0.03%	0.08%	0.00%	0.03%
Common Equity to Total Capital	43.90%	41.77%	43.96%	43.65%	43.61%	42.25%	46.88%	47.21%	46.83%	42.02%	45.60%
Debt to EBITDA	5.33	6.11	6.08	8.38	7.52	6.85	4.34	3.45	3.06	3.39	2.85
Net Debt to EBITDA	5.21	6.01	5.97	8.23	7.40	6.74	4.26	3.39	3.00	3.34	2.79
Long-Term Debt to EBITDA	5.30	6.08	6.05	8.34	7.48	6.80	4.30	3.42	3.02	3.36	2.81
Debt to NOPAT	74.18	111.58	373.57	-44.93	-74.42	663.43	3.84	8.73	7.29	7.65	6.16
Net Debt to NOPAT	72.61	109.75	366.43	-44.12	-73.27	652.86	3.77	8.57	7.15	7.53	6.04
Long-Term Debt to NOPAT	73.86	111.08	371.61	-44.70	-74.01	658.86	3.80	8.64	7.21	7.57	6.09
Altman Z-Score	4.66	4.43	4.58	4.45	4.45	4.36	4.60	4.56	4.65	4.35	4.52
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.03%	0.03%	0.08%	0.00%	0.06%	0.00%	0.06%	-0.06%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.45	1.48	1.44	1.51	1.53	1.54	1.44	1.50	1.56	1.70	1.57
Quick Ratio	0.45	0.45	0.42	0.44	0.44	0.41	0.39	0.42	0.43	0.54	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	207	135	-11	54	58	333	151	342	221	-198	-53
Operating Cash Flow to CapEx	466.04%	-244.44%	170.09%	171.23%	281.54%	-390.77%	215.53%	203.08%	673.42%	-436.67%	385.11%
Free Cash Flow to Firm to Interest Expense	5.44	3.74	-0.21	1.46	1.46	9.51	4.30	9.76	5.66	-5.65	-1.55
Operating Cash Flow to Interest Expense	6.50	-3.06	3.98	3.38	4.58	-7.26	6.34	3.77	13.64	-7.49	10.65
Operating Cash Flow Less CapEx to Interest Expense	5.11	-4.31	1.64	1.41	2.95	-9.11	3.40	1.91	11.62	-9.20	7.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	4.11	3.96	4.15	3.97	3.95	3.78	4.03	3.88	3.87	3.64	3.82
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	12.09	10.73	11.98	11.15	10.87	9.71	11.25	10.31	10.38	9.53	10.75
Fixed Asset Turnover	17.82	17.66	17.27	17.23	17.36	17.67	17.51	17.86	17.15	17.07	0.00
Accounts Payable Turnover	15.72	14.11	15.44	14.91	14.90	13.60	14.84	14.59	14.51	13.21	14.62
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)	30.19	34.02	30.47	32.73	33.57	37.60	32.44	35.39	35.16	38.29	33.94
Days Payable Outstanding (DPO)	23.21	25.87	23.64	24.49	24.49	26.85	24.60	25.02	25.16	27.64	24.97
Cash Conversion Cycle (CCC)	6.97	8.15	6.83	8.24	9.08	10.76	7.85	10.37	10.00	10.66	8.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,658	3,853	3,693	3,812	3,846	3,984	3,681	3,862	3,893	4,328	3,884
Invested Capital Turnover	8.44	7.99	8.40	7.88	7.82	7.29	8.00	7.51	7.50	7.04	7.56
Increase / (Decrease) in Invested Capital	-188	-131	12	-50	-47	-344	-203	-304	-176	290	116
Enterprise Value (EV)	3,815	3,453	2,920	2,674	3,039	3,112	3,152	3,641	4,486	4,974	4,571
Market Capitalization	1,782	1,225	868	543	885	827	1,214	1,620	2,435	2,481	2,478
Book Value per Share	$27.12	$27.30	$27.59	$28.28	$28.48	$29.04	$29.74	$30.99	$30.79	$31.47	$30.72
Tangible Book Value per Share	$16.61	$16.38	$16.36	$16.71	$16.61	$16.70	$17.08	$17.78	$17.37	$17.39	$16.33
Total Capital	3,702	3,890	3,733	3,851	3,880	4,021	3,718	3,900	3,933	4,367	3,928
Total Debt	2,077	2,265	2,092	2,170	2,188	2,322	1,974	2,058	2,088	2,532	2,136
Total Long-Term Debt	2,068	2,255	2,081	2,159	2,176	2,306	1,956	2,037	2,065	2,505	2,109
Net Debt	2,033	2,228	2,052	2,131	2,154	2,285	1,937	2,020	2,048	2,493	2,092
Capital Expenditures (CapEx)	53	45	117	73	65	65	103	65	79	60	94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,052	1,186	1,008	1,165	1,223	1,359	1,039	1,220	1,328	1,783	1,363
Debt-free Net Working Capital (DFNWC)	1,096	1,223	1,048	1,204	1,257	1,396	1,076	1,258	1,368	1,822	1,407
Net Working Capital (NWC)	1,087	1,213	1,037	1,193	1,245	1,380	1,058	1,237	1,345	1,795	1,380
Net Nonoperating Expense (NNE)	21	24	38	24	25	28	15	30	23	25	22
Net Nonoperating Obligations (NNO)	2,033	2,228	2,052	2,131	2,154	2,285	1,937	2,020	2,048	2,493	2,092
Total Depreciation and Amortization (D&A)	81	80	91	76	74	78	80	77	73	74	75
Debt-free, Cash-free Net Working Capital to Revenue	3.32%	3.79%	3.25%	3.85%	4.04%	4.49%	3.43%	4.05%	4.45%	6.05%	4.71%
Debt-free Net Working Capital to Revenue	3.46%	3.91%	3.38%	3.98%	4.16%	4.61%	3.55%	4.18%	4.58%	6.18%	4.86%
Net Working Capital to Revenue	3.43%	3.88%	3.35%	3.94%	4.12%	4.56%	3.50%	4.11%	4.50%	6.09%	4.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.05)	($0.35)	($0.63)	($0.34)	($0.25)	($0.67)	($1.15)	$0.12	$0.32	$1.12	$0.66
Adjusted Weighted Average Basic Shares Outstanding	60.20M	59.60M	59.30M	59.40M	59.40M	58.70M	59.20M	59.40M	59.80M	58.80M	58M
Adjusted Diluted Earnings per Share	($0.05)	($0.35)	($0.63)	($0.34)	($0.25)	($0.67)	($1.10)	$0.12	$0.31	$1.07	$0.64
Adjusted Weighted Average Diluted Shares Outstanding	60.20M	59.60M	59.30M	59.40M	59.40M	58.70M	60.70M	60.40M	61M	61.60M	61M
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	60.52M	59.92M	59.52M	59.47M	59.44M	59.41M	58.50M	58.60M	59.40M	59.83M	58.31M
Normalized Net Operating Profit after Tax (NOPAT)	29	16	29	20	18	4.90	-27	23	48	89	68
Normalized NOPAT Margin	0.35%	0.20%	0.35%	0.26%	0.23%	0.06%	-0.36%	0.31%	0.61%	1.19%	0.94%
Pre Tax Income Margin	-0.06%	-0.30%	-0.54%	-0.35%	-0.24%	-0.64%	-1.39%	0.09%	0.40%	0.96%	0.61%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.87	0.33	0.12	0.30	0.53	-0.37	-1.94	1.20	1.79	3.06	2.29
NOPAT to Interest Expense	0.50	0.10	0.03	0.11	0.28	-0.32	-1.50	1.08	1.15	2.63	1.86
EBIT Less CapEx to Interest Expense	-0.53	-0.92	-2.22	-1.68	-1.10	-2.23	-4.89	-0.66	-0.23	1.34	-0.47
NOPAT Less CapEx to Interest Expense	-0.90	-1.15	-2.31	-1.86	-1.35	-2.18	-4.44	-0.78	-0.88	0.92	-0.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-5.06%	-4.40%	-3.64%	-3.57%	-5.36%	-6.58%	20.00%	3.62%	1.52%	1.64%	1.57%
Augmented Payout Ratio	-17.72%	-9.89%	-10.00%	-23.57%	-41.07%	-84.21%	360.00%	60.87%	38.89%	25.00%	17.72%

Frequently Asked Questions About United Natural Foods' Financials

When does United Natural Foods's fiscal year end?

According to the most recent income statement we have on file, United Natural Foods' financial year ends in August. Their financial year 2024 ended on August 3, 2024.

How has United Natural Foods' net income changed over the last 10 years?

United Natural Foods' net income appears to be on a downward trend, with a most recent value of -$110 million in 2024, falling from $125.48 million in 2014. The previous period was $30 million in 2023. View United Natural Foods' forecast to see where analysts expect United Natural Foods to go next.

What is United Natural Foods's operating income?

United Natural Foods's total operating income in 2024 was $8 million, based on the following breakdown:

Total Gross Profit: $4.20 billion
Total Operating Expenses: $4.19 billion

How has United Natural Foods revenue changed over the last 10 years?

Over the last 10 years, United Natural Foods' total revenue changed from $6.79 billion in 2014 to $30.98 billion in 2024, a change of 356.0%.

How much debt does United Natural Foods have?

United Natural Foods' total liabilities were at $5.89 billion at the end of 2024, a 4.2% increase from 2023, and a 463.1% increase since 2014.

How much cash does United Natural Foods have?

In the past 10 years, United Natural Foods' cash and equivalents has ranged from $15.41 million in 2017 to $47 million in 2020, and is currently $40 million as of their latest financial filing in 2024.

How has United Natural Foods' book value per share changed over the last 10 years?

Over the last 10 years, United Natural Foods' book value per share changed from 25.04 in 2014 to 27.59 in 2024, a change of 10.2%.

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This page (NYSE:UNFI) was last updated on 5/21/2025 by MarketBeat.com Staff

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United Natural Foods (UNFI) Financials

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United Natural Foods (UNFI) Financials

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