Us Foods Hldg Corp Financials
Us Foods Hldg Corp (USFD) reported $39.4B in revenue for fiscal year 2025, up 4.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
US Foods converts high-volume distribution into rising cash generation, but shareholder returns and debt have steadily compressed liquidity.
In FY2025, operating cash flow of$1.4B exceeded free cash flow of$959M , showing the cash engine funds reinvestment before discretionary capital returns. The gap between operating cash flow and free cash flow widened modestly from FY2023 as capital expenditures reached$410M , so cash conversion improved without eliminating reinvestment needs.
Gross margin was
By FY2025, debt-to-equity was 1.2x and current ratio was 1.2x, combining meaningful leverage with a thinner short-term liquidity cushion. Share buybacks totaled
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Us Foods Hldg Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Us Foods Hldg Corp has an operating margin of 3.0%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 53/100, indicating healthy but not exceptional operating efficiency. This is up from 2.9% the prior year.
Us Foods Hldg Corp's revenue grew a modest 4.1% year-over-year to $39.4B. This slow but positive growth earns a score of 51/100.
Us Foods Hldg Corp has elevated debt relative to equity (D/E of 1.18), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 21/100, reflecting increased financial risk.
Us Foods Hldg Corp's current ratio of 1.16 is below the typical benchmark, resulting in a score of 27/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Us Foods Hldg Corp has a free cash flow margin of 2.4%, earning a moderate score of 37/100. The company generates positive cash flow after capital investments, but with room for improvement.
Us Foods Hldg Corp earns a strong 15.7% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 70/100. This is up from 10.9% the prior year.
Us Foods Hldg Corp scores 4.92, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Us Foods Hldg Corp passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Us Foods Hldg Corp generates $2.03 in operating cash flow ($1.4B OCF vs $676.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Us Foods Hldg Corp earns $3.93 in operating income for every $1 of interest expense ($1.2B vs $305.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Us Foods Hldg Corp generated $39.4B in revenue in fiscal year 2025. This represents an increase of 4.1% from the prior year.
Us Foods Hldg Corp's EBITDA was $1.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.1% from the prior year.
Us Foods Hldg Corp reported $676.0M in net income in fiscal year 2025. This represents an increase of 36.8% from the prior year.
Us Foods Hldg Corp earned $2.94 per diluted share (EPS) in fiscal year 2025. This represents an increase of 45.5% from the prior year.
Cash & Balance Sheet
Us Foods Hldg Corp generated $959.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 15.1% from the prior year.
Us Foods Hldg Corp held $41.0M in cash against $5.1B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Us Foods Hldg Corp's gross margin was 17.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
Us Foods Hldg Corp's operating margin was 3.0% in fiscal year 2025, reflecting core business profitability. This is up 0.1 percentage points from the prior year.
Us Foods Hldg Corp's net profit margin was 1.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.4 percentage points from the prior year.
Us Foods Hldg Corp's ROE was 15.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.8 percentage points from the prior year.
Capital Allocation
Us Foods Hldg Corp spent $926.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 2.3% from the prior year.
Us Foods Hldg Corp invested $410.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 20.2% from the prior year.
Not reported for fiscal year 2025.
USFD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.1B | $39.4B+4.1% | $37.9B+6.4% | $35.6B+4.5% | $34.1B+15.5% | $29.5B+28.8% | $22.9B-11.8% | $25.9B+7.3% | $24.2B+0.1% | $24.1B+5.4% | $22.9B-0.9% | $23.1B+0.5% | $23.0B |
| Cost of Revenue | $33.1B | $32.6B+3.9% | $31.3B+6.4% | $29.4B+3.1% | $28.6B+15.0% | $24.8B+29.6% | $19.2B-10.2% | $21.4B+7.5% | $19.9B-0.3% | $19.9B+5.6% | $18.9B-1.3% | $19.1B-0.6% | $19.2B |
| Gross Profit | $7.0B | $6.9B+5.1% | $6.5B+6.3% | $6.1B+11.9% | $5.5B+18.0% | $4.7B+25.2% | $3.7B-18.9% | $4.6B+6.5% | $4.3B+2.1% | $4.2B+4.1% | $4.1B+1.0% | $4.0B+5.7% | $3.8B |
| SG&A Expenses | $5.8B | $5.6B+4.1% | $5.4B+5.8% | $5.1B+4.7% | $4.9B+15.8% | $4.2B+12.3% | $3.8B-3.4% | $3.9B+6.6% | $3.6B+0.4% | $3.6B+1.4% | $3.6B-1.9% | $3.7B+3.0% | $3.5B |
| Operating Income | $1.3B | $1.2B+9.1% | $1.1B+8.1% | $1.0B+71.2% | $594.0M+40.1% | $424.0M+650.6% | -$77.0M-111.0% | $699.0M+6.2% | $658.0M+11.9% | $588.0M+40.3% | $419.0M+120.7% | $189.8M-24.7% | $252.3M |
| Interest Expense | $306.0M | $305.0M-3.2% | $315.0M-2.8% | $324.0M+27.1% | $255.0M+19.7% | $213.0M-10.5% | $238.0M+29.3% | $184.0M+5.1% | $175.0M+2.9% | $170.0M-25.8% | $229.0M-19.7% | $285.2M-1.4% | $289.2M |
| Income Tax | $233.0M | $222.0M+48.0% | $150.0M-12.8% | $172.0M+79.2% | $96.0M+92.0% | $50.0M+173.5% | -$68.0M-154.0% | $126.0M+41.6% | $89.0M+322.5% | -$40.0M+49.4% | -$79.0M-420.7% | $24.6M-31.5% | $36.0M |
| Net Income | $728.0M | $676.0M+36.8% | $494.0M-2.4% | $506.0M+90.9% | $265.0M+61.6% | $164.0M+172.6% | -$226.0M-158.7% | $385.0M-5.4% | $407.0M-8.3% | $444.0M+111.4% | $210.0M+25.4% | $167.5M+329.7% | -$72.9M |
| EPS (Diluted) | — | $2.94+45.5% | $2.020.0% | $2.02+100.0% | $1.01+87.0% | $0.54 | -$1.15-165.7% | $1.75-6.4% | $1.87-5.1% | $1.97+91.3% | $1.03+5.1% | $0.98+327.9% | -$0.43 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
USFD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.9B+3.8% | $13.4B+1.9% | $13.2B+3.2% | $12.8B+2.0% | $12.5B+0.8% | $12.4B+10.1% | $11.3B+22.9% | $9.2B+1.6% | $9.0B+1.0% | $8.9B-3.2% | $9.2B | N/A |
| Current Assets | $4.2B+4.8% | $4.0B-1.4% | $4.0B+5.5% | $3.8B+6.3% | $3.6B+3.7% | $3.5B+6.2% | $3.3B+9.5% | $3.0B+5.7% | $2.8B+1.1% | $2.8B-8.9% | $3.1B | N/A |
| Cash & Equivalents | $41.0M-30.5% | $59.0M-78.1% | $269.0M+27.5% | $211.0M+42.6% | $148.0M-82.1% | $828.0M+820.0% | $90.0M-13.5% | $104.0M-12.6% | $119.0M-9.2% | $131.1M-74.7% | $517.8M+50.7% | $343.7M |
| Inventory | $1.7B+5.2% | $1.6B+1.6% | $1.6B-1.0% | $1.6B-4.2% | $1.7B+32.4% | $1.3B-11.1% | $1.4B+12.0% | $1.3B+5.9% | $1.2B-1.2% | $1.2B+9.9% | $1.1B | N/A |
| Accounts Receivable | $2.0B+3.5% | $2.0B+5.6% | $1.9B+8.7% | $1.7B+16.1% | $1.5B+35.5% | $1.1B-25.5% | $1.5B+8.0% | $1.3B+3.5% | $1.3B+6.2% | $1.2B-0.6% | $1.2B | N/A |
| Goodwill | $5.8B+0.5% | $5.8B+1.2% | $5.7B+1.3% | $5.6B0.0% | $5.6B-0.2% | $5.6B+19.2% | $4.7B+19.2% | $4.0B0.0% | $4.0B+1.5% | $3.9B+0.8% | $3.9B | N/A |
| Total Liabilities | $9.6B+8.2% | $8.9B+5.6% | $8.4B+1.9% | $8.3B+0.3% | $8.3B-1.5% | $8.4B+10.5% | $7.6B+27.2% | $6.0B-5.2% | $6.3B-1.9% | $6.4B-12.6% | $7.3B | N/A |
| Current Liabilities | $3.6B+9.0% | $3.3B+5.9% | $3.1B+11.3% | $2.8B+9.6% | $2.5B+28.7% | $2.0B-16.1% | $2.4B+13.8% | $2.1B+3.6% | $2.0B+1.7% | $2.0B+9.2% | $1.8B | N/A |
| Long-Term Debt | $5.1B+5.1% | $4.8B+5.6% | $4.6B-3.7% | $4.7B-3.6% | $4.9B-12.5% | $5.6B+22.3% | $4.6B+37.1% | $3.4B-8.1% | $3.6B-1.6% | $3.7B-20.9% | $4.7B | N/A |
| Total Equity | $4.3B-4.9% | $4.5B-4.7% | $4.7B+19.9% | $4.0B+6.1% | $3.7B+5.8% | $3.5B-4.8% | $3.7B+14.9% | $3.2B+17.4% | $2.8B+8.4% | $2.5B+35.5% | $1.9B+15.5% | $1.6B |
| Retained Earnings | $2.7B+33.7% | $2.0B+32.7% | $1.5B+49.4% | $1.0B+29.2% | $782.0M+18.3% | $661.0M-27.8% | $916.0M+72.5% | $531.0M+328.2% | $124.0M+190.9% | -$136.5M+60.6% | -$346.3M | N/A |
USFD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.4B | $1.4B+16.6% | $1.2B+3.0% | $1.1B+49.0% | $765.0M+82.6% | $419.0M+1.5% | $413.0M-45.7% | $760.0M+24.8% | $609.0M-18.7% | $749.0M+36.4% | $549.0M-1.2% | $555.8M+38.2% | $402.2M |
| Capital Expenditures | $423.0M | $410.0M+20.2% | $341.0M+10.4% | $309.0M+16.6% | $265.0M-3.3% | $274.0M+45.0% | $189.0M-26.7% | $258.0M+9.8% | $235.0M+6.3% | $221.0M+34.8% | $164.0M-12.5% | $187.4M+27.4% | $147.1M |
| Free Cash Flow | $946.0M | $959.0M+15.1% | $833.0M+0.2% | $831.0M+66.2% | $500.0M+244.8% | $145.0M-35.3% | $224.0M-55.4% | $502.0M+34.2% | $374.0M-29.2% | $528.0M+37.1% | $385.0M+4.5% | $368.4M+44.4% | $255.1M |
| Investing Cash Flow | -$467.0M | -$497.0M+10.0% | -$552.0M-11.5% | -$495.0M-94.1% | -$255.0M+2.7% | -$262.0M+76.4% | -$1.1B+44.1% | -$2.0B-756.5% | -$232.0M+34.8% | -$356.0M+53.3% | -$762.0M | N/A | N/A |
| Financing Cash Flow | -$907.0M | -$890.0M-7.1% | -$831.0M-41.6% | -$587.0M-31.3% | -$447.0M+46.6% | -$837.0M-158.7% | $1.4B+17.0% | $1.2B+412.0% | -$391.0M+3.5% | -$405.0M-125.0% | -$180.0M | N/A | N/A |
| Share Buybacks | $1.1B | $926.0M-2.3% | $948.0M+222.4% | $294.0M+2000.0% | $14.0M | $0 | $0 | $0 | $0-100.0% | $280.0M | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
USFD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.4%+0.2pp | 17.3%0.0pp | 17.3%+1.1pp | 16.1%+0.3pp | 15.8%-0.5pp | 16.3%-1.4pp | 17.7%-0.1pp | 17.8%+0.3pp | 17.5%-0.2pp | 17.7%+0.3pp | 17.3%+0.8pp | 16.5% |
| Operating Margin | 3.0%+0.1pp | 2.9%0.0pp | 2.9%+1.1pp | 1.7%+0.3pp | 1.4%+1.8pp | -0.3%-3.0pp | 2.7%0.0pp | 2.7%+0.3pp | 2.4%+0.6pp | 1.8%+1.0pp | 0.8%-0.3pp | 1.1% |
| Net Margin | 1.7%+0.4pp | 1.3%-0.1pp | 1.4%+0.6pp | 0.8%+0.2pp | 0.6%+1.6pp | -1.0%-2.5pp | 1.5%-0.2pp | 1.7%-0.2pp | 1.8%+0.9pp | 0.9%+0.2pp | 0.7%+1.0pp | -0.3% |
| Return on Equity | 15.7%+4.8pp | 10.9%+0.3pp | 10.7%+4.0pp | 6.7%+2.3pp | 4.4%+10.8pp | -6.4%-16.8pp | 10.4%-2.2pp | 12.6%-3.5pp | 16.1%+7.9pp | 8.3%-0.7pp | 8.9%+13.4pp | -4.5% |
| Return on Assets | 4.9%+1.2pp | 3.7%-0.2pp | 3.8%+1.8pp | 2.1%+0.8pp | 1.3%+3.1pp | -1.8%-5.2pp | 3.4%-1.0pp | 4.4%-0.5pp | 4.9%+2.6pp | 2.4%+0.5pp | 1.8% | N/A |
| Current Ratio | 1.160.0x | 1.21-0.1x | 1.30-0.1x | 1.370.0x | 1.41-0.3x | 1.75+0.4x | 1.38-0.1x | 1.440.0x | 1.410.0x | 1.42-0.3x | 1.70 | N/A |
| Debt-to-Equity | 1.18+0.1x | 1.06+0.1x | 0.96-0.2x | 1.20-0.1x | 1.32-0.3x | 1.59+0.4x | 1.24+0.2x | 1.04-0.3x | 1.33-0.1x | 1.46-1.0x | 2.50 | N/A |
| FCF Margin | 2.4%+0.2pp | 2.2%-0.1pp | 2.3%+0.9pp | 1.5%+1.0pp | 0.5%-0.5pp | 1.0%-1.0pp | 1.9%+0.4pp | 1.6%-0.6pp | 2.2%+0.5pp | 1.7%+0.1pp | 1.6%+0.5pp | 1.1% |
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Where Us Foods Hldg Corp Ranks
Frequently Asked Questions
What is Us Foods Hldg Corp's annual revenue?
Us Foods Hldg Corp (USFD) reported $39.4B in total revenue for fiscal year 2025. This represents a 4.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Us Foods Hldg Corp's revenue growing?
Us Foods Hldg Corp (USFD) revenue grew by 4.1% year-over-year, from $37.9B to $39.4B in fiscal year 2025.
Is Us Foods Hldg Corp profitable?
Yes, Us Foods Hldg Corp (USFD) reported a net income of $676.0M in fiscal year 2025, with a net profit margin of 1.7%.
What is Us Foods Hldg Corp's EBITDA?
Us Foods Hldg Corp (USFD) had EBITDA of $1.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Us Foods Hldg Corp have?
As of fiscal year 2025, Us Foods Hldg Corp (USFD) had $41.0M in cash and equivalents against $5.1B in long-term debt.
What is Us Foods Hldg Corp's gross margin?
Us Foods Hldg Corp (USFD) had a gross margin of 17.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Us Foods Hldg Corp's operating margin?
Us Foods Hldg Corp (USFD) had an operating margin of 3.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Us Foods Hldg Corp's net profit margin?
Us Foods Hldg Corp (USFD) had a net profit margin of 1.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Us Foods Hldg Corp's return on equity (ROE)?
Us Foods Hldg Corp (USFD) has a return on equity of 15.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Us Foods Hldg Corp's free cash flow?
Us Foods Hldg Corp (USFD) generated $959.0M in free cash flow during fiscal year 2025. This represents a 15.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Us Foods Hldg Corp's operating cash flow?
Us Foods Hldg Corp (USFD) generated $1.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Us Foods Hldg Corp's total assets?
Us Foods Hldg Corp (USFD) had $13.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Us Foods Hldg Corp's capital expenditures?
Us Foods Hldg Corp (USFD) invested $410.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Us Foods Hldg Corp's current ratio?
Us Foods Hldg Corp (USFD) had a current ratio of 1.16 as of fiscal year 2025, which is considered adequate.
What is Us Foods Hldg Corp's debt-to-equity ratio?
Us Foods Hldg Corp (USFD) had a debt-to-equity ratio of 1.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Us Foods Hldg Corp's return on assets (ROA)?
Us Foods Hldg Corp (USFD) had a return on assets of 4.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Us Foods Hldg Corp's Altman Z-Score?
Us Foods Hldg Corp (USFD) has an Altman Z-Score of 4.92, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Us Foods Hldg Corp's Piotroski F-Score?
Us Foods Hldg Corp (USFD) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Us Foods Hldg Corp's earnings high quality?
Us Foods Hldg Corp (USFD) has an earnings quality ratio of 2.03x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Us Foods Hldg Corp cover its interest payments?
Us Foods Hldg Corp (USFD) has an interest coverage ratio of 3.93x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Us Foods Hldg Corp?
Us Foods Hldg Corp (USFD) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.