US Foods (USFD) Financials

$83.84 -1.32 (-1.55%)

Closing price 05/14/2026 03:59 PM Eastern

Extended Trading

$85.59 +1.75 (+2.08%)

As of 05/14/2026 06:42 PM Eastern

Annual Income Statements for US Foods

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Net Income / (Loss) Attributable to Common Shareholders	168	210	444	407	385	-254	121	228	499	494	676
Consolidated Net Income / (Loss)	168	210	444	407	385	-226	164	265	506	494	676
Net Income / (Loss) Continuing Operations	168	210	444	407	385	-226	164	265	506	494	676
Total Pre-Tax Income	192	131	404	496	511	-294	214	361	678	644	898
Total Operating Income	190	419	588	658	699	-77	424	594	1,017	1,099	1,199
Total Gross Profit	4,013	4,053	4,218	4,306	4,587	3,719	4,655	5,492	6,148	6,534	6,864
Total Revenue	23,128	22,919	24,147	24,175	25,939	22,885	29,487	34,057	35,597	37,877	39,424
Operating Revenue	23,128	22,919	24,147	24,175	25,939	22,885	29,487	34,057	35,597	37,877	39,424
Total Cost of Revenue	19,114	18,866	19,929	19,869	21,352	19,166	24,832	28,565	29,449	31,343	32,560
Operating Cost of Revenue	19,114	18,866	19,929	19,869	21,352	19,166	24,832	28,565	29,449	31,343	32,560
Total Operating Expenses	3,823	3,634	3,630	3,648	3,888	3,796	4,231	4,898	5,131	5,435	5,665
Selling, General & Admin Expense	3,651	3,581	3,631	3,647	3,888	3,757	4,220	4,886	5,117	5,412	5,632
Restructuring Charge	173	53	-1.00	1.00	0.00	39	11	12	14	23	33
Total Other Income / (Expense), net	2.33	-288	-184	-162	-188	-217	-210	-233	-339	-455	-301
Interest Expense	285	283	170	175	184	238	236	255	345	325	305
Other Income / (Expense), net	288	-5.00	-14	13	-4.00	21	26	22	6.00	-130	4.00
Income Tax Expense	25	-79	-40	89	126	-68	50	96	172	150	222
Preferred Stock Dividends Declared	-	-	-	0.00	0.00	28	43	37	7.00	0.00	0.00
Basic Earnings per Share	$0.99	$1.05	$2.00	$1.88	$1.77	($1.15)	$0.55	$1.02	$2.09	$2.05	$2.98
Weighted Average Basic Shares Outstanding	169.56M	200.13M	223M	216M	218M	220M	222M	224M	239M	241M	227M
Diluted Earnings per Share	$0.98	$1.03	$1.97	$1.87	$1.75	($1.15)	$0.54	$1.01	$2.02	$2.02	$2.94
Weighted Average Diluted Shares Outstanding	171.06M	204.02M	226M	218M	220M	220M	225M	226M	250M	244M	230M
Weighted Average Basic & Diluted Shares Outstanding	169.20M	199.80M	222M	216.50M	219.86M	221.08M	223.02M	224.32M	244.90M	230.38M	220.54M

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	95	147	82	198	148	66	115	224	153	184	116
Consolidated Net Income / (Loss)	95	147	82	198	148	66	115	224	153	184	116
Net Income / (Loss) Continuing Operations	95	147	82	198	148	66	115	224	153	184	116
Total Pre-Tax Income	129	200	87	269	201	87	148	300	206	244	142
Total Operating Income	230	278	165	353	279	302	224	372	282	321	216
Total Gross Profit	1,542	1,590	1,495	1,706	1,667	1,666	1,614	1,777	1,753	1,720	1,653
Total Revenue	9,106	8,936	8,949	9,709	9,728	9,491	9,351	10,082	10,191	9,800	9,610
Operating Revenue	9,106	8,936	8,949	9,709	9,728	9,491	9,351	10,082	10,191	9,800	9,610
Total Cost of Revenue	7,564	7,346	7,454	8,003	8,061	7,825	7,737	8,305	8,438	8,080	7,957
Operating Cost of Revenue	7,564	7,346	7,454	8,003	8,061	7,825	7,737	8,305	8,438	8,080	7,957
Total Operating Expenses	1,312	1,312	1,330	1,353	1,388	1,364	1,390	1,405	1,471	1,399	1,437
Selling, General & Admin Expense	1,312	1,298	1,317	1,354	1,379	1,362	1,385	1,403	1,458	1,386	1,429
Restructuring Charge	0.00	14	13	-1.00	9.00	2.00	5.00	2.00	13	13	8.00
Total Other Income / (Expense), net	-101	-78	-78	-84	-78	-215	-76	-72	-76	-77	-74
Interest Expense	102	80	79	81	75	90	77	74	76	78	75
Other Income / (Expense), net	1.00	2.00	1.00	-3.00	-3.00	-125	1.00	2.00	0.00	1.00	1.00
Income Tax Expense	34	53	5.00	71	53	21	33	76	53	60	26
Basic Earnings per Share	$0.38	$0.62	$0.33	$0.81	$0.61	$0.30	$0.50	$0.97	$0.68	$0.83	$0.53
Weighted Average Basic Shares Outstanding	247M	239M	245M	246M	241M	241M	231M	230M	225.50M	227M	220M
Diluted Earnings per Share	$0.38	$0.59	$0.33	$0.80	$0.61	$0.28	$0.49	$0.96	$0.67	$0.82	$0.52
Weighted Average Diluted Shares Outstanding	249M	250M	248M	248M	243.90M	244M	234M	233M	228.40M	230M	223M
Weighted Average Basic & Diluted Shares Outstanding	245.85M	244.90M	245.87M	244.56M	232.94M	230.38M	231.35M	225.17M	222.94M	220.54M	220.22M

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Net Change in Cash & Equivalents	174	-393	-12	-14	-7.00	730	-680	63	58	-209	-18
Net Cash From Operating Activities	556	549	749	609	760	413	419	765	1,140	1,174	1,369
Net Cash From Continuing Operating Activities	556	549	753	609	760	413	419	765	1,140	1,174	1,369
Net Income / (Loss) Continuing Operations	168	210	444	407	385	-226	164	265	506	494	676
Consolidated Net Income / (Loss)	168	210	444	407	385	-226	164	265	506	494	676
Depreciation Expense	399	421	378	340	362	422	378	372	395	438	462
Non-Cash Adjustments To Reconcile Net Income	35	77	33	45	53	98	54	56	101	226	131
Changes in Operating Assets and Liabilities, net	-56	-164	-112	-190	-47	103	-192	60	138	16	100
Net Cash From Investing Activities	-271	-762	-356	-232	-1,987	-1,110	-262	-255	-495	-552	-497
Net Cash From Continuing Investing Activities	-271	-762	-356	-232	-1,987	-1,110	-262	-255	-495	-552	-497
Purchase of Property, Plant & Equipment	-187	-164	-221	-235	-258	-189	-274	-265	-309	-341	-410
Acquisitions	-69	-122	-182	0.00	-1,832	-972	0.00	0.00	-196	-214	-131
Sale of Property, Plant & Equipment	5.05	17	25	3.00	9.00	44	7.00	10	10	3.00	6.00
Divestitures	-	-	0.00	0.00	94	7.00	5.00	-	0.00	0.00	38
Net Cash From Financing Activities	-110	-180	-405	-391	1,220	1,427	-837	-447	-587	-831	-890
Net Cash From Continuing Financing Activities	-110	-180	-405	-391	1,220	1,427	-837	-447	-587	-831	-890
Repayment of Debt	-113	-5,544	-2,652	-4,596	-5,011	-2,725	-3,135	-1,624	-1,777	-6,026	-9,701
Repurchase of Preferred Equity	-	-	-	-	-	-	-	-	-	-	-50
Repurchase of Common Equity	-	0.00	-280	-	-	0.00	0.00	-14	-294	-948	-926
Payment of Dividends	-	-666	-	-	0.00	0.00	-28	-37	-7.00	0.00	0.00
Issuance of Debt	22	4,921	2,550	4,178	6,198	3,645	2,305	1,207	1,456	6,121	9,792
Issuance of Common Equity	0.50	1,120	16	19	19	18	20	22	24	28	28
Other Financing Activities, net	-20	-11	-39	8.00	14	-2.00	1.00	-1.00	11	-6.00	-33
Cash Interest Paid	346	223	158	160	173	216	185	243	294	284	300
Cash Income Taxes Paid	7.86	5.00	11	78	137	-1.00	1.00	68	161	181	89

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Change in Cash & Equivalents	-33	-77	-2.00	138	-324	-21	42	-40	-5.00	-15	8.00
Net Cash From Operating Activities	282	205	139	482	270	283	391	334	351	293	294
Net Cash From Continuing Operating Activities	282	205	139	482	270	283	391	337	351	293	294
Net Income / (Loss) Continuing Operations	95	147	82	198	148	66	115	224	153	184	116
Consolidated Net Income / (Loss)	95	147	82	198	148	66	115	224	153	184	116
Depreciation Expense	97	105	105	108	114	111	112	115	118	117	119
Non-Cash Adjustments To Reconcile Net Income	37	17	22	22	22	159	31	31	29	40	30
Changes in Operating Assets and Liabilities, net	49	-67	-70	152	-17	-54	133	-33	51	-48	29
Net Cash From Investing Activities	-195	-194	-86	-282	-79	-105	-130	-75	-114	-178	-97
Net Cash From Continuing Investing Activities	-195	-194	-86	-282	-79	-105	-130	-75	-114	-178	-97
Purchase of Property, Plant & Equipment	-59	-142	-87	-69	-80	-105	-84	-77	-115	-134	-98
Acquisitions	-142	-54	0.00	-	-	-	-85	-2.00	-	-44	0.00
Sale of Property, Plant & Equipment	6.00	2.00	1.00	1.00	1.00	-	1.00	4.00	1.00	-	1.00
Divestitures	-	-	0.00	-	-	-	38	-	-	-	0.00
Net Cash From Financing Activities	-120	-88	-55	-62	-515	-199	-219	-299	-242	-130	-189
Net Cash From Continuing Financing Activities	-120	-88	-55	-62	-515	-199	-219	-299	-242	-130	-189
Repayment of Debt	-1,142	-189	-472	-1,111	-902	-3,541	-1,907	-2,396	-2,862	-2,536	-2,241
Repurchase of Common Equity	-27	-65	-13	-41	-574	-320	-23	-247	-332	-324	-75
Issuance of Debt	1,043	158	440	1,077	951	3,653	1,737	2,332	2,946	2,777	2,164
Issuance of Common Equity	6.00	5.00	5.00	9.00	5.00	9.00	6.00	10	6.00	6.00	7.00
Other Financing Activities, net	-	3.00	-15	4.00	5.00	-	-32	2.00	-	-3.00	-44
Cash Interest Paid	92	55	93	54	86	51	92	57	91	60	91
Cash Income Taxes Paid	59	35	5.00	52	82	42	4.00	76	6.00	3.00	76

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Total Assets	9,239	8,944	9,037	9,186	11,288	12,423	12,521	12,773	13,187	13,436	13,943
Total Current Assets	3,060	2,789	2,819	2,979	3,262	3,465	3,594	3,820	4,031	3,974	4,164
Cash & Equivalents	518	131	119	104	90	828	148	211	269	59	41
Accounts Receivable	1,234	1,226	1,300	1,347	1,455	1,084	1,614	1,848	1,854	1,957	2,199
Inventories, net	1,113	1,223	1,208	1,279	1,432	1,273	1,686	1,616	1,600	1,626	1,711
Prepaid Expenses	74	73	80	106	109	132	120	124	138	146	153
Other Current Assets	116	115	105	136	176	148	26	21	170	186	60
Plant, Property, & Equipment, net	1,769	1,768	1,801	1,842	2,075	2,021	2,033	2,171	2,280	2,398	2,681
Total Noncurrent Assets	4,410	4,388	4,417	4,365	5,951	6,937	6,894	6,782	6,876	7,064	7,098
Goodwill	3,876	3,908	3,967	3,967	4,728	5,637	5,625	5,625	5,697	5,766	5,794
Intangible Assets	478	387	364	324	967	892	830	785	803	836	781
Other Noncurrent Operating Assets	57	58	65	67	256	407	431	372	376	429	523
Total Liabilities & Shareholders' Equity	9,239	8,944	9,037	9,186	11,288	12,423	12,521	12,773	13,187	13,436	13,943
Total Liabilities	7,328	6,407	6,286	5,957	7,579	8,374	8,252	8,278	8,438	8,908	9,636
Total Current Liabilities	1,803	1,969	2,003	2,076	2,362	1,982	2,550	2,796	3,112	3,296	3,591
Short-Term Debt	63	76	109	106	142	131	95	116	110	109	137
Accounts Payable	1,549	1,295	1,289	1,359	1,460	1,218	1,662	1,855	2,051	2,231	2,447
Accrued Expenses	-	456	451	454	538	497	610	650	731	732	839
Other Current Liabilities	191	143	154	157	222	136	183	175	220	216	168
Total Noncurrent Liabilities	5,525	4,438	4,283	3,881	5,217	6,392	5,702	5,482	5,326	5,612	6,045
Long-Term Debt	4,682	3,706	3,648	3,351	4,594	5,617	4,916	4,738	4,564	4,819	5,063
Noncurrent Deferred & Payable Income Tax Liabilities	456	381	263	298	308	270	307	298	293	335	426
Other Noncurrent Operating Liabilities	387	351	372	232	315	505	479	446	469	447	556
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	1,873	2,538	2,751	3,229	3,709	3,530	3,735	3,961	4,749	4,528	4,307
Total Preferred & Common Equity	1,873	2,538	2,751	3,229	3,709	3,530	3,735	3,961	4,749	4,528	4,307
Total Common Equity	1,873	2,538	2,751	3,229	3,709	3,530	3,735	3,961	4,749	4,528	4,307
Common Stock	2,294	2,793	2,722	2,782	2,847	2,903	2,972	3,038	3,666	3,751	3,780
Retained Earnings	-346	-136	124	531	916	661	782	1,010	1,509	2,003	2,679
Treasury Stock	-	-	-	-	-	-	0.00	-14	-311	-1,269	-2,200
Accumulated Other Comprehensive Income / (Loss)	-74	-119	-95	-84	-54	-34	-19	-73	-115	43	48

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

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	10/1/2022	4/1/2023	7/1/2023	9/30/2023	3/30/2024	6/29/2024	9/28/2024	3/29/2025	6/28/2025	9/27/2025	3/28/2026
Total Assets	13,242	13,038	13,029	13,272	13,390	13,703	13,475	13,651	13,790	14,044	14,164
Total Current Assets	4,298	4,094	4,082	4,209	4,234	4,334	4,116	4,091	4,155	4,365	4,360
Cash & Equivalents	366	292	379	346	267	405	81	101	61	56	49
Accounts Receivable	2,046	2,036	1,829	2,132	2,176	2,188	2,282	2,298	2,345	2,434	2,402
Inventories, net	1,761	1,625	1,531	1,582	1,620	1,593	1,618	1,518	1,574	1,695	1,678
Prepaid Expenses	106	116	121	138	152	131	123	152	154	153	200
Other Current Assets	19	25	222	11	19	17	12	22	21	27	31
Plant, Property, & Equipment, net	2,075	2,172	2,173	2,187	2,303	2,359	2,358	2,495	2,562	2,626	2,702
Total Noncurrent Assets	6,869	6,772	6,774	6,875	6,853	7,010	7,001	7,065	7,073	7,053	7,102
Goodwill	5,625	5,625	5,625	5,685	5,697	5,779	5,779	5,768	5,767	5,767	5,794
Intangible Assets	797	774	763	808	796	867	852	828	814	787	767
Other Noncurrent Operating Assets	447	373	386	382	360	364	370	469	492	499	541
Total Liabilities & Shareholders' Equity	13,242	13,038	13,029	13,272	13,390	13,703	13,475	13,651	13,790	14,044	14,164
Total Liabilities	8,781	8,486	8,425	8,580	8,565	8,692	8,869	9,035	9,164	9,573	9,831
Total Current Liabilities	3,170	3,052	3,048	3,252	3,238	3,366	3,469	3,492	3,559	3,807	3,819
Short-Term Debt	100	117	120	112	116	118	118	116	118	120	142
Accounts Payable	2,180	2,134	2,137	2,249	2,273	2,349	2,395	2,423	2,529	2,699	2,741
Accrued Expenses	671	602	601	677	651	706	777	747	731	823	778
Other Current Liabilities	219	199	190	214	198	193	179	206	181	165	158
Total Noncurrent Liabilities	5,611	5,434	5,377	5,328	5,327	5,326	5,400	5,543	5,605	5,766	6,012
Long-Term Debt	4,837	4,693	4,631	4,574	4,585	4,589	4,671	4,689	4,713	4,832	5,025
Noncurrent Deferred & Payable Income Tax Liabilities	298	303	300	304	300	282	261	347	354	385	438
Other Noncurrent Operating Liabilities	476	438	446	450	442	455	468	507	538	549	549
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	3,927	4,179	4,604	4,692	4,825	5,011	4,606	4,616	4,626	4,471	4,333
Total Preferred & Common Equity	3,927	4,179	4,604	4,692	4,825	5,011	4,606	4,616	4,626	4,471	4,333
Total Common Equity	3,927	4,179	4,604	4,692	4,825	5,011	4,606	4,616	4,626	4,471	4,333
Common Stock	3,019	3,214	3,624	3,645	3,671	3,699	3,725	3,747	3,783	3,807	3,815
Retained Earnings	927	1,085	1,267	1,362	1,591	1,789	1,937	2,118	2,342	2,495	2,795
Treasury Stock	-	-48	-216	-245	-324	-365	-945	-1,292	-1,542	-1,874	-2,325
Accumulated Other Comprehensive Income / (Loss)	-19	-72	-71	-70	-113	-112	-111	43	43	43	48

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.47%	-0.90%	5.36%	0.12%	7.30%	-11.77%	28.85%	15.50%	4.52%	6.41%	4.08%
EBITDA Growth	30.66%	-5.25%	14.05%	6.26%	4.52%	-64.10%	120.68%	18.62%	43.50%	-1.32%	18.34%
EBIT Growth	89.22%	-13.27%	38.65%	16.90%	3.58%	-108.06%	903.57%	36.89%	66.07%	-5.28%	24.15%
NOPAT Growth	-6.28%	305.87%	-3.79%	-16.45%	-2.46%	-110.23%	702.85%	34.19%	74.07%	11.07%	7.07%
Net Income Growth	329.75%	25.36%	111.43%	-8.33%	-5.41%	-158.70%	172.57%	61.59%	90.94%	-2.37%	36.84%
EPS Growth	327.91%	5.10%	91.26%	-5.08%	-6.42%	-165.71%	146.96%	87.04%	100.00%	0.00%	45.54%
Operating Cash Flow Growth	38.19%	-1.22%	36.43%	-18.69%	24.79%	-45.66%	1.45%	82.58%	49.02%	2.98%	16.61%
Free Cash Flow Firm Growth	0.00%	110.68%	-32.33%	-19.59%	-461.27%	46.71%	124.25%	165.56%	72.78%	-17.36%	33.48%
Invested Capital Growth	0.00%	0.56%	3.48%	3.02%	27.07%	7.35%	1.82%	0.07%	0.18%	2.50%	0.88%
Revenue Q/Q Growth	0.00%	0.00%	1.33%	0.19%	3.57%	-3.36%	5.36%	2.64%	1.20%	1.49%	0.79%
EBITDA Q/Q Growth	0.00%	0.00%	4.31%	-0.27%	1.92%	-26.82%	12.85%	6.61%	6.30%	-6.53%	9.97%
EBIT Q/Q Growth	0.00%	0.00%	11.94%	-1.16%	0.72%	-163.64%	31.96%	10.39%	8.25%	-9.61%	13.71%
NOPAT Q/Q Growth	0.00%	0.00%	62.82%	-29.65%	2.48%	-197.47%	20.59%	9.23%	8.65%	3.24%	1.58%
Net Income Q/Q Growth	0.00%	0.00%	67.61%	-27.73%	-2.04%	-82.26%	92.94%	9.96%	11.95%	-14.09%	21.15%
EPS Q/Q Growth	0.00%	0.00%	56.35%	-26.67%	-2.23%	-82.54%	237.50%	10.99%	11.60%	-13.30%	22.50%
Operating Cash Flow Q/Q Growth	0.00%	-13.94%	93.27%	-11.30%	4.97%	-43.73%	4.75%	49.41%	4.88%	7.12%	0.74%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-28.46%	-4.39%	-49.18%	-33.21%	148.32%	6.21%	15.08%	-1.91%
Invested Capital Q/Q Growth	0.00%	0.00%	1.64%	0.21%	0.95%	2.16%	3.70%	1.17%	1.36%	0.74%	1.06%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.35%	17.68%	17.47%	17.81%	17.68%	16.25%	15.79%	16.13%	17.27%	17.25%	17.41%
EBITDA Margin	3.83%	3.67%	3.97%	4.21%	4.10%	1.67%	2.86%	2.94%	4.03%	3.74%	4.22%
Operating Margin	0.82%	1.83%	2.44%	2.72%	2.69%	-0.34%	1.44%	1.74%	2.86%	2.90%	3.04%
EBIT Margin	2.06%	1.81%	2.38%	2.78%	2.68%	-0.24%	1.53%	1.81%	2.87%	2.56%	3.05%
Profit (Net Income) Margin	0.72%	0.92%	1.84%	1.68%	1.48%	-0.99%	0.56%	0.78%	1.42%	1.30%	1.71%
Tax Burden Percent	87.18%	160.31%	109.90%	82.06%	75.34%	76.87%	76.64%	73.41%	74.63%	76.71%	75.28%
Interest Burden Percent	40.26%	31.64%	70.38%	73.92%	73.53%	525.00%	47.56%	58.60%	66.28%	66.46%	74.65%
Effective Tax Rate	12.82%	-60.31%	-9.90%	17.94%	24.66%	0.00%	23.36%	26.59%	25.37%	23.29%	24.72%
Return on Invested Capital (ROIC)	5.40%	10.92%	10.30%	8.33%	7.05%	-0.62%	3.59%	4.77%	8.30%	9.10%	9.58%
ROIC Less NNEP Spread (ROIC-NNEP)	5.49%	-0.84%	4.73%	4.52%	3.51%	-4.22%	0.30%	1.17%	2.71%	1.56%	5.05%
Return on Net Nonoperating Assets (RNNOA)	12.13%	-1.48%	6.49%	5.28%	4.04%	-5.20%	0.35%	1.27%	2.65%	1.55%	5.73%
Return on Equity (ROE)	17.53%	9.44%	16.79%	13.61%	11.10%	-5.83%	3.94%	6.05%	10.95%	10.65%	15.30%
Cash Return on Invested Capital (CROIC)	-194.60%	10.37%	6.88%	5.36%	-16.79%	-7.71%	1.79%	4.71%	8.12%	6.62%	8.70%
Operating Return on Assets (OROA)	5.17%	4.55%	6.38%	7.36%	6.79%	-0.47%	3.61%	4.87%	7.88%	7.28%	8.79%
Return on Assets (ROA)	1.81%	2.31%	4.94%	4.47%	3.76%	-1.91%	1.31%	2.10%	3.90%	3.71%	4.94%
Return on Common Equity (ROCE)	17.17%	9.36%	16.79%	13.61%	11.10%	-5.44%	3.44%	5.31%	10.32%	10.65%	15.30%
Return on Equity Simple (ROE_SIMPLE)	8.94%	8.28%	16.14%	12.60%	10.38%	-6.40%	4.39%	6.69%	10.65%	10.91%	0.00%
Net Operating Profit after Tax (NOPAT)	165	672	646	540	527	-54	325	436	759	843	903
NOPAT Margin	0.72%	2.93%	2.68%	2.23%	2.03%	-0.24%	1.10%	1.28%	2.13%	2.23%	2.29%
Net Nonoperating Expense Percent (NNEP)	-0.10%	11.76%	5.57%	3.81%	3.54%	3.60%	3.29%	3.60%	5.59%	7.54%	4.53%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.95%	8.05%	8.92%	9.49%
Cost of Revenue to Revenue	82.65%	82.32%	82.53%	82.19%	82.32%	83.75%	84.21%	83.87%	82.73%	82.75%	82.59%
SG&A Expenses to Revenue	15.79%	15.62%	15.04%	15.09%	14.99%	16.42%	14.31%	14.35%	14.37%	14.29%	14.29%
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	16.53%	15.86%	15.03%	15.09%	14.99%	16.59%	14.35%	14.38%	14.41%	14.35%	14.37%
Earnings before Interest and Taxes (EBIT)	477	414	574	671	695	-56	450	616	1,023	969	1,203
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	887	840	958	1,018	1,064	382	843	1,000	1,435	1,416	1,665
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	2.39	2.61	2.10	2.47	2.08	2.08	1.93	2.35	3.51	3.95
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)	0.00	0.26	0.30	0.28	0.35	0.32	0.26	0.22	0.31	0.42	0.43
Price to Earnings (P/E)	0.00	28.87	16.15	16.65	23.81	0.00	64.13	33.56	22.37	32.14	25.19
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%	3.46%	6.19%	6.01%	4.20%	0.00%	1.56%	2.98%	4.47%	3.11%	3.97%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.57	1.69	1.54	1.65	1.43	1.44	1.40	1.70	2.21	2.34
Enterprise Value to Revenue (EV/Rev)	0.00	0.42	0.45	0.42	0.53	0.56	0.45	0.38	0.44	0.55	0.56
Enterprise Value to EBITDA (EV/EBITDA)	0.00	11.56	11.28	9.95	12.98	33.50	15.61	12.83	10.85	14.65	13.32
Enterprise Value to EBIT (EV/EBIT)	0.00	23.46	18.83	15.09	19.87	0.00	29.24	20.82	15.22	21.41	18.44
Enterprise Value to NOPAT (EV/NOPAT)	0.00	14.46	16.73	18.76	26.23	0.00	40.49	29.42	20.51	24.61	24.58
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	17.69	14.43	16.63	18.17	30.98	31.40	16.77	13.66	17.67	16.21
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	15.23	25.05	29.19	0.00	0.00	81.25	29.83	20.95	33.79	27.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.48	1.49	1.37	1.07	1.28	1.42	1.17	1.08	0.98	1.09	1.21
Long-Term Debt to Equity	2.45	1.46	1.33	1.04	1.24	1.39	1.15	1.05	0.96	1.06	1.18
Financial Leverage	2.21	1.76	1.37	1.17	1.15	1.23	1.18	1.08	0.98	1.00	1.13
Leverage Ratio	4.83	4.09	3.40	3.05	2.95	3.06	3.00	2.89	2.81	2.87	3.10
Compound Leverage Factor	1.95	1.29	2.39	2.25	2.17	16.05	1.43	1.69	1.86	1.91	2.31
Debt to Total Capital	71.28%	59.84%	57.73%	51.71%	56.08%	58.67%	54.00%	51.92%	49.60%	52.12%	54.70%
Short-Term Debt to Total Capital	0.94%	1.20%	1.67%	1.59%	1.68%	1.34%	1.02%	1.24%	1.17%	1.15%	1.44%
Long-Term Debt to Total Capital	70.34%	58.64%	56.05%	50.12%	54.40%	57.33%	52.97%	50.68%	48.43%	50.96%	53.26%
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	0.58%	0.00%	0.00%	0.00%	0.00%	5.30%	5.75%	5.71%	0.00%	0.00%	0.00%
Common Equity to Total Capital	28.14%	40.16%	42.27%	48.29%	43.92%	36.03%	40.25%	42.37%	50.40%	47.88%	45.30%
Debt to EBITDA	5.35	4.50	3.92	3.40	4.45	15.05	5.94	4.85	3.26	3.48	3.12
Net Debt to EBITDA	4.77	4.35	3.80	3.29	4.37	12.88	5.77	4.64	3.07	3.44	3.10
Long-Term Debt to EBITDA	5.28	4.41	3.81	3.29	4.32	14.70	5.83	4.74	3.18	3.40	3.04
Debt to NOPAT	28.67	5.63	5.81	6.40	8.99	-106.64	15.42	11.13	6.16	5.85	5.76
Net Debt to NOPAT	25.54	5.44	5.63	6.21	8.82	-91.28	14.97	10.65	5.80	5.78	5.72
Long-Term Debt to NOPAT	28.29	5.52	5.65	6.21	8.72	-104.21	15.13	10.87	6.01	5.72	5.61
Altman Z-Score	0.00	3.37	3.69	3.75	3.44	2.57	3.23	3.59	3.99	4.40	4.49
Noncontrolling Interest Sharing Ratio	2.01%	0.86%	0.00%	0.00%	0.00%	6.69%	12.66%	12.19%	5.78%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.70	1.42	1.41	1.44	1.38	1.75	1.41	1.37	1.30	1.21	1.16
Quick Ratio	0.97	0.69	0.71	0.70	0.65	0.96	0.69	0.74	0.68	0.66	0.58
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-5,968	638	431	347	-1,253	-668	162	430	743	614	820
Operating Cash Flow to CapEx	304.76%	373.47%	382.14%	262.50%	305.22%	284.83%	156.93%	300.00%	381.27%	347.34%	338.86%
Free Cash Flow to Firm to Interest Expense	-20.93	2.25	2.54	1.98	-6.81	-2.81	0.69	1.69	2.15	1.89	2.69
Operating Cash Flow to Interest Expense	1.95	1.94	4.41	3.48	4.13	1.74	1.78	3.00	3.30	3.61	4.49
Operating Cash Flow Less CapEx to Interest Expense	1.31	1.42	3.25	2.15	2.78	1.13	0.64	2.00	2.44	2.57	3.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.50	2.52	2.69	2.65	2.53	1.93	2.36	2.69	2.74	2.85	2.88
Accounts Receivable Turnover	18.74	18.63	19.12	18.27	18.51	18.03	21.86	19.67	19.23	19.04	19.80
Inventory Turnover	17.17	16.15	16.40	15.98	15.75	14.17	16.78	17.30	18.31	19.43	19.51
Fixed Asset Turnover	13.07	12.96	13.53	13.27	13.24	11.17	14.55	16.20	16.00	16.19	15.52
Accounts Payable Turnover	12.34	13.27	15.43	15.01	15.15	14.31	17.24	16.24	15.08	14.64	13.92
Days Sales Outstanding (DSO)	19.47	19.59	19.09	19.98	19.71	20.25	16.70	18.55	18.98	19.17	18.44
Days Inventory Outstanding (DIO)	21.25	22.60	22.26	22.84	23.17	25.76	21.75	21.10	19.93	18.78	18.70
Days Payable Outstanding (DPO)	29.58	27.51	23.66	24.32	24.09	25.50	21.17	22.47	24.21	24.93	26.22
Cash Conversion Cycle (CCC)	11.15	14.68	17.69	18.50	18.79	20.50	17.28	17.18	14.70	13.02	10.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,133	6,167	6,382	6,575	8,355	8,969	9,132	9,138	9,154	9,383	9,466
Invested Capital Turnover	7.54	3.73	3.85	3.73	3.47	2.64	3.26	3.73	3.89	4.09	4.18
Increase / (Decrease) in Invested Capital	6,133	34	215	193	1,780	614	163	6.00	16	229	83
Enterprise Value (EV)	0.00	9,713	10,810	10,129	13,811	12,795	13,157	12,828	15,569	20,748	22,185
Market Capitalization	0.00	6,062	7,172	6,776	9,165	7,356	7,760	7,651	11,164	15,879	17,026
Book Value per Share	$11.05	$11.50	$12.25	$14.86	$16.90	$15.98	$16.76	$17.61	$19.32	$19.44	$19.32
Tangible Book Value per Share	($14.63)	($7.97)	($7.03)	($4.89)	($9.05)	($13.58)	($12.21)	($10.89)	($7.12)	($8.90)	($10.17)
Total Capital	6,656	6,319	6,508	6,686	8,445	9,797	9,280	9,349	9,423	9,456	9,507
Total Debt	4,745	3,782	3,757	3,457	4,736	5,748	5,011	4,854	4,674	4,928	5,200
Total Long-Term Debt	4,682	3,706	3,648	3,351	4,594	5,617	4,916	4,738	4,564	4,819	5,063
Net Debt	4,227	3,651	3,638	3,353	4,646	4,920	4,863	4,643	4,405	4,869	5,159
Capital Expenditures (CapEx)	182	147	196	232	249	145	267	255	299	338	404
Debt-free, Cash-free Net Working Capital (DFCFNWC)	802	765	806	905	952	786	991	929	760	728	669
Debt-free Net Working Capital (DFNWC)	1,320	896	925	1,009	1,042	1,614	1,139	1,140	1,029	787	710
Net Working Capital (NWC)	1,258	820	816	903	900	1,483	1,044	1,024	919	678	573
Net Nonoperating Expense (NNE)	-2.03	462	202	133	142	172	161	171	253	349	227
Net Nonoperating Obligations (NNO)	4,222	3,630	3,631	3,346	4,646	4,920	4,863	4,643	4,405	4,855	5,159
Total Depreciation and Amortization (D&A)	409	426	384	347	369	438	393	384	412	447	462
Debt-free, Cash-free Net Working Capital to Revenue	3.47%	3.34%	3.34%	3.74%	3.67%	3.43%	3.36%	2.73%	2.14%	1.92%	1.70%
Debt-free Net Working Capital to Revenue	5.71%	3.91%	3.83%	4.17%	4.02%	7.05%	3.86%	3.35%	2.89%	2.08%	1.80%
Net Working Capital to Revenue	5.44%	3.58%	3.38%	3.74%	3.47%	6.48%	3.54%	3.01%	2.58%	1.79%	1.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.99	$1.05	$2.00	$1.88	$1.77	($1.15)	$0.55	$1.02	$2.09	$2.05	$2.98
Adjusted Weighted Average Basic Shares Outstanding	169.56M	200.13M	222.38M	216.11M	218M	220M	222M	224M	239M	241M	227M
Adjusted Diluted Earnings per Share	$0.98	$1.03	$1.97	$1.87	$1.75	($1.15)	$0.54	$1.01	$2.02	$2.02	$2.94
Adjusted Weighted Average Diluted Shares Outstanding	171.06M	204.02M	225.66M	217.83M	220M	220M	225M	226M	250M	244M	230M
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	169.20M	221.04M	215.15M	217.61M	219.86M	221.08M	223.02M	224.32M	244.90M	230.38M	220.54M
Normalized Net Operating Profit after Tax (NOPAT)	316	330	411	541	527	-27	333	445	769	861	927
Normalized NOPAT Margin	1.37%	1.44%	1.70%	2.24%	2.03%	-0.12%	1.13%	1.31%	2.16%	2.27%	2.35%
Pre Tax Income Margin	0.83%	0.57%	1.67%	2.05%	1.97%	-1.28%	0.73%	1.06%	1.90%	1.70%	2.28%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.67	1.46	3.38	3.83	3.78	-0.24	1.91	2.42	2.97	2.98	3.94
NOPAT to Interest Expense	0.58	2.37	3.80	3.09	2.86	-0.23	1.38	1.71	2.20	2.59	2.96
EBIT Less CapEx to Interest Expense	1.03	0.94	2.22	2.51	2.42	-0.84	0.78	1.42	2.10	1.94	2.62
NOPAT Less CapEx to Interest Expense	-0.06	1.85	2.65	1.76	1.51	-0.84	0.25	0.71	1.33	1.55	1.63
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	317.14%	0.00%	0.00%	0.00%	0.00%	17.07%	13.96%	1.38%	0.00%	0.00%
Augmented Payout Ratio	0.00%	317.14%	63.06%	0.00%	0.00%	0.00%	17.07%	19.25%	59.49%	191.90%	136.98%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	220,541,957.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	220,541,957.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.53
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.12%	4.94%	4.76%	7.72%	6.83%	6.21%	4.49%	3.84%	4.76%	3.26%	2.77%
EBITDA Growth	5.40%	28.05%	-6.48%	9.00%	18.37%	-25.52%	24.35%	6.77%	2.56%	52.43%	-0.30%
EBIT Growth	5.48%	38.61%	-11.70%	8.02%	19.48%	-36.79%	35.54%	6.86%	2.17%	81.92%	-3.56%
NOPAT Growth	11.83%	42.36%	8.52%	7.29%	21.29%	12.12%	11.92%	6.90%	1.95%	5.66%	1.38%
Net Income Growth	-12.84%	58.06%	0.00%	8.79%	55.79%	-55.10%	40.24%	13.13%	3.38%	178.79%	0.87%
EPS Growth	-11.63%	55.26%	3.13%	9.59%	60.53%	-52.54%	48.48%	20.00%	9.84%	192.86%	6.12%
Operating Cash Flow Growth	-20.34%	34.87%	-50.18%	28.88%	-4.26%	38.05%	181.30%	-30.71%	30.00%	3.53%	-24.81%
Free Cash Flow Firm Growth	328.60%	36.94%	-125.31%	-118.07%	-145.53%	-99.95%	437.65%	352.37%	301.69%	153,663.35%	-59.80%
Invested Capital Growth	-0.01%	0.18%	2.08%	3.75%	3.13%	2.50%	0.66%	0.89%	0.57%	0.88%	1.41%
Revenue Q/Q Growth	1.03%	-1.87%	0.15%	8.49%	0.20%	-2.44%	-1.48%	7.82%	1.08%	-3.84%	-1.94%
EBITDA Q/Q Growth	-21.33%	16.87%	-29.38%	67.88%	-14.57%	-26.46%	16.61%	45.10%	-18.20%	9.75%	-23.46%
EBIT Q/Q Growth	-28.70%	21.21%	-40.71%	110.84%	-21.14%	-35.87%	27.12%	66.22%	-24.60%	14.18%	-32.61%
NOPAT Q/Q Growth	-30.06%	20.63%	-23.89%	67.07%	-20.94%	11.52%	-24.03%	59.58%	-24.59%	15.57%	-27.11%
Net Income Q/Q Growth	-47.80%	54.74%	-44.22%	141.46%	-25.25%	-55.41%	74.24%	94.78%	-31.70%	20.26%	-36.96%
EPS Q/Q Growth	-47.95%	55.26%	-44.07%	142.42%	-23.75%	-54.10%	75.00%	95.92%	-30.21%	22.39%	-36.59%
Operating Cash Flow Q/Q Growth	-24.60%	-27.31%	-32.20%	246.76%	-43.98%	4.81%	38.16%	-14.58%	5.09%	-16.52%	0.34%
Free Cash Flow Firm Q/Q Growth	-60.11%	10.54%	-117.78%	-130.48%	-0.51%	100.13%	109,185.56%	72.27%	-19.67%	1.67%	-71.43%
Invested Capital Q/Q Growth	0.61%	1.36%	1.15%	0.58%	0.01%	0.74%	-0.67%	0.82%	-0.31%	1.06%	-0.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	16.93%	17.79%	16.71%	17.57%	17.14%	17.55%	17.26%	17.63%	17.20%	17.55%	17.20%
EBITDA Margin	3.65%	4.34%	3.06%	4.74%	4.04%	3.05%	3.60%	4.85%	3.93%	4.48%	3.50%
Operating Margin	2.53%	3.11%	1.84%	3.64%	2.87%	3.18%	2.40%	3.69%	2.77%	3.28%	2.25%
EBIT Margin	2.54%	3.13%	1.86%	3.60%	2.84%	1.86%	2.41%	3.71%	2.77%	3.29%	2.26%
Profit (Net Income) Margin	1.04%	1.65%	0.92%	2.04%	1.52%	0.70%	1.23%	2.22%	1.50%	1.88%	1.21%
Tax Burden Percent	73.64%	73.50%	94.25%	73.61%	73.63%	75.86%	77.70%	74.67%	74.27%	75.41%	81.69%
Interest Burden Percent	55.84%	71.43%	52.41%	76.86%	72.83%	49.15%	65.78%	80.21%	73.05%	75.78%	65.44%
Effective Tax Rate	26.36%	26.50%	5.75%	26.39%	26.37%	24.14%	22.30%	25.33%	25.73%	24.59%	18.31%
Return on Invested Capital (ROIC)	7.24%	8.90%	6.83%	10.74%	8.59%	9.86%	7.67%	11.38%	8.61%	10.33%	7.76%
ROIC Less NNEP Spread (ROIC-NNEP)	5.58%	7.63%	5.18%	9.31%	7.32%	6.34%	6.38%	10.20%	7.43%	9.17%	6.53%
Return on Net Nonoperating Assets (RNNOA)	5.43%	7.47%	4.95%	8.40%	7.13%	6.33%	6.17%	9.60%	7.86%	10.40%	7.17%
Return on Equity (ROE)	12.67%	16.37%	11.78%	19.14%	15.72%	16.20%	13.84%	20.98%	16.47%	20.73%	14.93%
Cash Return on Invested Capital (CROIC)	7.75%	8.12%	6.29%	4.86%	5.82%	6.62%	8.66%	8.57%	8.95%	8.70%	8.24%
Operating Return on Assets (OROA)	6.73%	8.59%	5.05%	9.90%	7.92%	5.31%	6.81%	10.43%	7.87%	9.46%	6.44%
Return on Assets (ROA)	2.77%	4.51%	2.50%	5.60%	4.25%	1.98%	3.48%	6.25%	4.27%	5.41%	3.44%
Return on Common Equity (ROCE)	11.93%	15.42%	11.31%	19.14%	15.72%	16.20%	13.84%	20.98%	16.47%	20.73%	14.93%
Return on Equity Simple (ROE_SIMPLE)	9.63%	0.00%	10.49%	10.42%	12.48%	0.00%	11.42%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	169	204	156	260	205	229	174	278	209	242	176
NOPAT Margin	1.86%	2.29%	1.74%	2.68%	2.11%	2.41%	1.86%	2.76%	2.06%	2.47%	1.84%
Net Nonoperating Expense Percent (NNEP)	1.67%	1.27%	1.64%	1.43%	1.27%	3.52%	1.29%	1.19%	1.18%	1.16%	1.23%
Return On Investment Capital (ROIC_SIMPLE)	-	2.17%	-	-	-	2.42%	1.85%	2.94%	2.22%	2.55%	1.86%
Cost of Revenue to Revenue	83.07%	82.21%	83.29%	82.43%	82.86%	82.45%	82.74%	82.37%	82.80%	82.45%	82.80%
SG&A Expenses to Revenue	14.41%	14.53%	14.72%	13.95%	14.18%	14.35%	14.81%	13.92%	14.31%	14.14%	14.87%
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	14.41%	14.68%	14.86%	13.94%	14.27%	14.37%	14.86%	13.94%	14.43%	14.28%	14.95%
Earnings before Interest and Taxes (EBIT)	231	280	166	350	276	177	225	374	282	322	217
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	332	388	274	460	393	289	337	489	400	439	336
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.09	2.35	2.75	2.60	3.19	3.51	3.22	3.86	3.86	3.95	4.62
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)	0.28	0.31	0.37	0.35	0.39	0.42	0.39	0.46	0.44	0.43	0.51
Price to Earnings (P/E)	22.53	22.37	26.22	24.95	25.59	32.14	28.21	32.33	30.91	25.19	29.60
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	4.44%	4.47%	3.81%	4.01%	3.91%	3.11%	3.54%	3.09%	3.24%	3.97%	3.38%
Enterprise Value to Invested Capital (EV/IC)	1.57	1.70	1.91	1.86	2.09	2.21	2.10	2.41	2.36	2.34	2.66
Enterprise Value to Revenue (EV/Rev)	0.40	0.44	0.49	0.47	0.52	0.55	0.51	0.59	0.57	0.56	0.63
Enterprise Value to EBITDA (EV/EBITDA)	10.48	10.85	12.50	11.92	12.82	14.65	13.29	15.06	14.63	13.32	15.12
Enterprise Value to EBIT (EV/EBIT)	14.97	15.22	17.68	16.87	18.12	21.41	19.04	21.53	20.93	18.44	21.05
Enterprise Value to NOPAT (EV/NOPAT)	20.25	20.51	23.14	22.16	23.78	24.61	22.61	25.61	24.92	24.58	27.83
Enterprise Value to Operating Cash Flow (EV/OCF)	13.01	13.66	17.70	15.64	17.72	17.67	13.72	17.72	16.29	16.21	19.78
Enterprise Value to Free Cash Flow (EV/FCFF)	20.22	20.95	30.73	38.95	36.40	33.79	24.32	28.26	26.50	27.07	32.55
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.00	0.98	0.97	0.94	1.04	1.09	1.04	1.04	1.11	1.21	1.19
Long-Term Debt to Equity	0.97	0.96	0.95	0.92	1.01	1.06	1.02	1.02	1.08	1.18	1.16
Financial Leverage	0.97	0.98	0.95	0.90	0.97	1.00	0.97	0.94	1.06	1.13	1.10
Leverage Ratio	2.90	2.81	2.82	2.78	2.88	2.87	2.86	2.85	3.03	3.10	3.11
Compound Leverage Factor	1.62	2.01	1.48	2.14	2.09	1.41	1.88	2.29	2.21	2.35	2.03
Debt to Total Capital	49.97%	49.60%	49.35%	48.44%	50.97%	52.12%	51.00%	51.08%	52.55%	54.70%	54.39%
Short-Term Debt to Total Capital	1.19%	1.17%	1.22%	1.21%	1.26%	1.15%	1.23%	1.25%	1.27%	1.44%	1.49%
Long-Term Debt to Total Capital	48.77%	48.43%	48.13%	47.22%	49.72%	50.96%	49.77%	49.84%	51.28%	53.26%	52.89%
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	50.03%	50.40%	50.65%	51.56%	49.03%	47.88%	49.00%	48.92%	47.45%	45.30%	45.61%
Debt to EBITDA	3.47	3.26	3.32	3.24	3.16	3.48	3.26	3.21	3.27	3.12	3.11
Net Debt to EBITDA	3.21	3.07	3.13	2.96	3.11	3.44	3.19	3.17	3.23	3.10	3.08
Long-Term Debt to EBITDA	3.39	3.18	3.24	3.16	3.08	3.40	3.18	3.13	3.19	3.04	3.02
Debt to NOPAT	6.71	6.16	6.14	6.02	5.87	5.85	5.55	5.46	5.57	5.76	5.72
Net Debt to NOPAT	6.21	5.80	5.79	5.50	5.77	5.78	5.43	5.39	5.51	5.72	5.66
Long-Term Debt to NOPAT	6.55	6.01	5.99	5.87	5.72	5.72	5.42	5.33	5.44	5.61	5.56
Altman Z-Score	3.62	3.81	3.91	3.93	4.09	4.20	4.12	4.35	4.23	4.28	4.40
Noncontrolling Interest Sharing Ratio	5.83%	5.78%	3.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.29	1.30	1.31	1.29	1.19	1.21	1.17	1.17	1.15	1.16	1.14
Quick Ratio	0.76	0.68	0.75	0.77	0.68	0.66	0.69	0.68	0.65	0.58	0.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	170	188	-33	-77	-78	0.10	113	195	156	159	45
Operating Cash Flow to CapEx	532.08%	146.43%	161.63%	708.82%	341.77%	269.52%	471.08%	457.53%	307.89%	218.66%	303.09%
Free Cash Flow to Firm to Interest Expense	1.67	2.35	-0.42	-0.95	-1.03	0.00	1.47	2.63	2.06	2.04	0.61
Operating Cash Flow to Interest Expense	2.76	2.56	1.76	5.95	3.60	3.14	5.08	4.51	4.62	3.76	3.92
Operating Cash Flow Less CapEx to Interest Expense	2.25	0.81	0.67	5.11	2.55	1.98	4.00	3.53	3.12	2.04	2.63
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.65	2.74	2.72	2.75	2.79	2.85	2.83	2.81	2.84	2.88	2.85
Accounts Receivable Turnover	16.84	19.23	17.10	18.27	16.91	19.04	17.11	17.05	16.59	19.80	16.89
Inventory Turnover	17.45	18.31	18.36	19.44	19.29	19.43	20.16	20.16	19.50	19.51	20.51
Fixed Asset Turnover	16.51	16.00	16.09	16.20	16.42	16.19	15.96	15.71	15.70	15.52	15.27
Accounts Payable Turnover	13.17	15.08	13.52	13.54	13.29	14.64	13.47	13.09	12.68	13.92	12.70
Days Sales Outstanding (DSO)	21.68	18.98	21.35	19.98	21.58	19.17	21.33	21.40	22.00	18.44	21.62
Days Inventory Outstanding (DIO)	20.92	19.93	19.88	18.77	18.92	18.78	18.11	18.10	18.72	18.70	17.79
Days Payable Outstanding (DPO)	27.72	24.21	27.00	26.96	27.46	24.93	27.10	27.88	28.78	26.22	28.75
Cash Conversion Cycle (CCC)	14.88	14.70	14.23	11.79	13.05	13.02	12.34	11.62	11.94	10.92	10.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,031	9,154	9,259	9,313	9,314	9,383	9,320	9,396	9,367	9,466	9,451
Invested Capital Turnover	3.89	3.89	3.93	4.01	4.07	4.09	4.12	4.13	4.19	4.18	4.23
Increase / (Decrease) in Invested Capital	-1.00	16	189	337	283	229	61	83	53	83	131
Enterprise Value (EV)	14,142	15,569	17,703	17,328	19,421	20,748	19,570	22,646	22,144	22,185	25,156
Market Capitalization	9,802	11,164	13,269	13,026	14,713	15,879	14,866	17,876	17,248	17,026	20,038
Book Value per Share	$19.00	$19.32	$19.69	$20.38	$18.83	$19.44	$20.04	$20.00	$19.86	$19.32	$19.65
Tangible Book Value per Share	($7.29)	($7.12)	($6.81)	($6.65)	($8.28)	($8.90)	($8.59)	($8.45)	($9.25)	($10.17)	($10.10)
Total Capital	9,378	9,423	9,526	9,718	9,395	9,456	9,421	9,457	9,423	9,507	9,500
Total Debt	4,686	4,674	4,701	4,707	4,789	4,928	4,805	4,831	4,952	5,200	5,167
Total Long-Term Debt	4,574	4,564	4,585	4,589	4,671	4,819	4,689	4,713	4,832	5,063	5,025
Net Debt	4,340	4,405	4,434	4,302	4,708	4,869	4,704	4,770	4,896	5,159	5,118
Capital Expenditures (CapEx)	53	140	86	68	79	105	83	73	114	134	97
Debt-free, Cash-free Net Working Capital (DFCFNWC)	723	760	845	681	684	728	614	653	622	669	634
Debt-free Net Working Capital (DFNWC)	1,069	1,029	1,112	1,086	765	787	715	714	678	710	683
Net Working Capital (NWC)	957	919	996	968	647	678	599	596	558	573	541
Net Nonoperating Expense (NNE)	74	57	74	62	57	163	59	54	56	58	60
Net Nonoperating Obligations (NNO)	4,339	4,405	4,434	4,302	4,708	4,855	4,704	4,770	4,896	5,159	5,118
Total Depreciation and Amortization (D&A)	101	108	108	110	117	112	112	115	118	117	119
Debt-free, Cash-free Net Working Capital to Revenue	2.06%	2.14%	2.35%	1.86%	1.83%	1.92%	1.60%	1.69%	1.59%	1.70%	1.60%
Debt-free Net Working Capital to Revenue	3.04%	2.89%	3.09%	2.96%	2.05%	2.08%	1.87%	1.85%	1.73%	1.80%	1.72%
Net Working Capital to Revenue	2.72%	2.58%	2.77%	2.64%	1.73%	1.79%	1.56%	1.54%	1.43%	1.45%	1.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.38	$0.62	$0.33	$0.81	$0.61	$0.30	$0.50	$0.97	$0.68	$0.83	$0.53
Adjusted Weighted Average Basic Shares Outstanding	247M	239M	245M	246M	241M	241M	231M	230M	225.50M	227M	220M
Adjusted Diluted Earnings per Share	$0.38	$0.59	$0.33	$0.80	$0.61	$0.28	$0.49	$0.96	$0.67	$0.82	$0.52
Adjusted Weighted Average Diluted Shares Outstanding	249M	250M	248M	248M	244M	244M	234M	233M	228.40M	230M	223M
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	245.85M	244.90M	245.87M	244.56M	232.94M	230.38M	231.35M	225.17M	222.94M	220.54M	220.22M
Normalized Net Operating Profit after Tax (NOPAT)	169	215	168	259	212	231	178	279	219	252	183
Normalized NOPAT Margin	1.86%	2.40%	1.87%	2.67%	2.18%	2.43%	1.90%	2.77%	2.15%	2.57%	1.90%
Pre Tax Income Margin	1.42%	2.24%	0.97%	2.77%	2.07%	0.92%	1.58%	2.98%	2.02%	2.49%	1.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.26	3.50	2.10	4.32	3.68	1.97	2.92	5.05	3.71	4.13	2.89
NOPAT to Interest Expense	1.66	2.55	1.97	3.21	2.74	2.55	2.26	3.75	2.76	3.10	2.35
EBIT Less CapEx to Interest Expense	1.75	1.75	1.01	3.48	2.63	0.80	1.84	4.07	2.21	2.41	1.60
NOPAT Less CapEx to Interest Expense	1.14	0.80	0.88	2.37	1.69	1.38	1.18	2.77	1.26	1.39	1.06
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.76%	1.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	57.52%	59.49%	53.95%	27.97%	120.52%	191.90%	181.78%	210.49%	165.23%	136.98%	144.46%

Financials Breakdown Chart

Key Financial Trends

Below are the key trends observed in US Foods Holding Corp. (USFD) quarterly statements over the last four years, focusing on how earnings, cash flow, and liquidity have evolved across operating, investing, and financing activities.

Top-line momentum: Operating revenue has trended around the high $9B to about $10B per quarter, lifting from roughly $8.95B in early 2024 to about $10.08B by Q2 2025 and peaking near $10.19B in Q3 2025, signaling durable revenue strength.
Stable gross margins: Total gross profit margins have remained in the 17%–18% range across 2022–2025 (e.g., ~17.6% in Q4 2025, ~17.5% in Q4 2024), indicating consistent cost control and pricing power relative to cost of goods sold.
Consistent operating profitability: Operating income has been positive in most quarters, with quarterly levels generally in the low-to-mid hundreds of millions (e.g., Q4 2025: $321M; Q2 2025: $372M; Q3 2025: $282M), reflecting steady operating efficiency.
Robust cash flow from operations: Net cash from continuing operating activities has been strong, typically around $0.28B–$0.39B per quarter (e.g., Q4 2025: $293M; Q3 2025: $351M; Q2 2025: $337M; Q1 2025: ~$388–391M), supporting debt service and capex needs.
Active financing activity and leverage: The company has engaged in sizable debt financing in several quarters (for example, large debt issuances in 2025), and long-term debt remains substantial (around $4.6B–$4.8B in recent periods), indicating a leveraged growth approach rather than a cash-crystallizing concern.
Modest restructuring charges: Restructuring-related costs are generally small (often in the low tens of millions per quarter), providing limited impact on near-term earnings and cash flow.
Working capital dynamics: Accounts receivable and inventories tend to be elevated in line with a large distributor, with total current assets several billions and current liabilities also sizable; this reflects normal wholesale operations and working-capital needs rather than an abrupt liquidity issue.
Earnings margin volatility: While net income has improved at times (e.g., Q4 2025 net income to common around $184M on ~$9.8B revenue, about 1.9%), quarterly net margins remain relatively slim (roughly 1%–2%), implying earnings sensitivity to costs and financial charges.
Debt load and interest costs: Total liabilities typically run around $8.5B–$9.6B with equity near $4.6B–$4.8B, implying a leverage profile that increases interest expense exposure (quarterly interest expense commonly in the $60M–$90M range), potentially pressuring cash flow in weaker periods.
Limited cash on hand: Cash and equivalents are modest (often around $50M–$100M in several quarters), which can constrain liquidity if operating conditions deteriorate without ready access to external financing or revolver facilities.

05/15/26 01:31 AM ETAI Generated. May Contain Errors.

US Foods Financials - Frequently Asked Questions

According to the most recent income statement we have on file, US Foods' financial year ends in December. Their financial year 2025 ended on December 27, 2025.

US Foods' net income appears to be on an upward trend, with a most recent value of $676 million in 2025, rising from $167.52 million in 2015. The previous period was $494 million in 2024. See US Foods' forecast for analyst expectations on what's next for the company.

US Foods' total operating income in 2025 was $1.20 billion, based on the following breakdown:

Total Gross Profit: $6.86 billion
Total Operating Expenses: $5.67 billion

Over the last 10 years, US Foods' total revenue changed from $23.13 billion in 2015 to $39.42 billion in 2025, a change of 70.5%.

US Foods' total liabilities were at $9.64 billion at the end of 2025, a 8.2% increase from 2024, and a 31.5% increase since 2015.

In the past 10 years, US Foods' cash and equivalents has ranged from $41 million in 2025 to $828 million in 2020, and is currently $41 million as of their latest financial filing in 2025.

Over the last 10 years, US Foods' book value per share changed from 11.05 in 2015 to 19.32 in 2025, a change of 74.9%.

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Financial statements for NYSE:USFD last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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US Foods (USFD) Financials

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US Foods (USFD) Financials

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