A Business at a Glance
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SYSCO CORP
SYY
$40.7B
Mkt Cap
$83.11
+1.69%
SYSCO CORP (SYY) has a current P/E ratio of 22.4, compared to its historical median P/E of 19.7. The stock is currently considered Fair based on its historical valuation range.
SYSCO CORP (SYY) has a 5-year average return on invested capital (ROIC) of 18.3%. This indicates strong capital allocation and a potential competitive advantage.
SYSCO CORP (SYY) has a market capitalization of $63.6B. It is classified as a large-cap stock.
Yes, SYSCO CORP (SYY) pays a dividend with a trailing twelve-month yield of 1.61%. The company also returns capital through share buybacks, with a buyback yield of 1.18%.
Based on historical P/E analysis, SYSCO CORP (SYY) appears fair. The current P/E of 22.4 is 14% above its historical median of 19.7. The estimated fair value CAGR (P/E method) is 17.3%.
SYSCO CORP (SYY) operates in the Wholesale-Groceries & Related Products industry, within the Consumer Defensive sector.
SYSCO CORP (SYY) reported annual revenue of $81.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
Sysco Corporation is the world's largest distributor of food and related products to the foodservice industry, serving approximately 730,000 customer locations including restaurants, healthcare and educational facilities, lodging establishments, and other foodservice venues. The company operates through three primary reportable segments: U.S. Foodservice Operations (which includes broadline distribution of full-line food products, specialty operations such as fresh produce, meat and seafood, Italian specialty, and restaurant equipment distribution), International Foodservice Operations (serving customers in the Americas and Europe), and SYGMA (customized distribution to quick-service chain restaurant locations). Sysco's business model centers on prompt and accurate daily delivery, competitive pricing, customer service, and a comprehensive product array spanning frozen and fresh meats, seafood, produce, dairy, beverages, specialty imports, and non-food items such as paper products, equipment, and supplies. The company distributes both branded merchandise and private-label products developed to customer specifications, with no single customer representing more than 10% of sales and restaurants comprising approximately 60% of customer mix. Sysco's competitive advantages include its scale as the only global foodservice distributor, geographic diversity across North America and Europe, diversified customer base spanning independent and chain restaurants, healthcare, education, and hospitality, and ancillary services including product usage reporting, menu planning, food safety training, and inventory management support.
【Positive momentum accelerating】 Management expects continued sequential improvement in local case volume growth throughout fiscal 2026, with confidence in delivering at least 2.5% local volume growth in the fourth quarter representing a 120 basis point improvement on a two-year stack basis. The company is experiencing structural improvements driven by stabilized sales colleague retention, increased productivity, and company-specific initiatives including Sysco Perks, Sysco Your Way, AI 360, and pricing agility, which management expects will compound improvements over time. Gross margin performance is strengthening through strategic sourcing initiatives and warehouse productivity improvements approaching 2019 levels, with management confident in continued positive momentum. The planned acquisition of Restaurant Depot is expected to increase local revenue by 1.5x and generate $250 million in annualized net cost synergies by year three, with the combined business expected to produce more than $2 billion in incremental annual free cash flow by year four, fundamentally expanding future capital allocation flexibility and supporting dividend growth and share repurchases.
| Metric | Target | Period |
|---|---|---|
| Adjusted EPS | $4.50-$4.60 | FY2026 |
| Local Case Volume Growth | at least 2.5% | Q4 FY2026 |
| Capital Expenditures | approximately $700 million | FY2026 |
Adjusted EPS (FY2026): “we remain confident in our expectations for full-year adjusted EPS to be at the high end of our annual guidance range of $4.50-$4.60”
Local Case Volume Growth (Q4 FY2026): “Looking ahead in our fourth quarter, we expect to deliver at least 2.5% of local volume growth.”
Capital Expenditures (FY2026): “we expect our capital expenditures, net of proceeds from sales of assets, to approximate $700 million in fiscal 2026”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Fresh and frozen meats | $9.93B | $13.27B | $13.49B | $14.29B | $15.19B | 19% |
Canned and dry products | $8.15B | $11.96B | $14.35B | $14.90B | $14.64B | 18% |
Frozen fruits, vegetables, bakery and other | $7.52B | $9.65B | $11.37B | $12.06B | $12.29B | 15% |
Dairy products | $5.06B | $6.76B | $8.21B | $8.03B | $8.69B | 11% |
Poultry | $5.55B | $7.69B | $7.75B | $7.69B | $8.14B | 10% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 83.6B | 81.4B | 78.8B | 76.3B | 68.6B | 51.3B |
| Net Income | 1.7B | 1.8B | 2.0B | 1.8B | 1.4B | 524M |
| EPS | $2.27 | $3.73 | $3.89 | $3.47 | $2.64 | $1.02 |
| Free Cash Flow | 1.8B | 1.6B | 2.2B | 2.1B | 1.2B | 1.4B |
| ROIC | 15.8% | 17.6% | 19.8% | 21.3% | 18.1% | 14.8% |
| Gross Margin | 18.5% | 18.4% | 18.5% | 18.3% | 17.9% | 18.2% |
| Debt/Equity | 6.21 | 7.27 | 6.44 | 5.18 | 7.70 | 7.14 |
| Dividends/Share | $1.34 | $2.07 | $2.01 | $1.97 | $1.90 | $1.82 |
| Operating Income | 3.0B | 3.1B | 3.2B | 3.0B | 2.3B | 1.4B |
| Operating Margin | 3.6% | 3.8% | 4.1% | 4.0% | 3.4% | 2.8% |
| ROE | 75.6% | 99.1% | 101.1% | 104.4% | 92.6% | 38.7% |
| Shares Outstanding | 765M | 490M | 503M | 510M | 515M | 514M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | N/A | N/A | 55.4B | 58.7B | 60.1B | 52.9B | 51.3B | 68.6B | 76.3B | 78.8B | 81.4B | 83.6B |
| Gross Margin | N/A | N/A | N/A | 19.1% | 18.9% | 19.0% | 18.7% | 18.2% | 17.9% | 18.3% | 18.5% | 18.4% | 18.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | 8.5B | 8.8B | 9.1B | 9.2B | 7.9B | 10.0B | 10.9B | 11.4B | 11.9B | 11.9B |
| EBIT | 1.6B | 1.2B | 1.9B | 2.1B | 2.3B | 2.3B | 750M | 1.4B | 2.3B | 3.0B | 3.2B | 3.1B | 3.0B |
| Op. Margin | N/A | N/A | N/A | 3.7% | 3.9% | 3.9% | 1.4% | 2.8% | 3.4% | 4.0% | 4.1% | 3.8% | 3.6% |
| Net Income | 932M | 687M | 950M | 1.1B | 1.4B | 1.7B | 215M | 524M | 1.4B | 1.8B | 2.0B | 1.8B | 1.7B |
| Net Margin | N/A | N/A | N/A | 2.1% | 2.4% | 2.8% | 0.4% | 1.0% | 2.0% | 2.3% | 2.5% | 2.2% | 2.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 66M | 203M | -23M | 0 | 0 | 0 | 92M | 92M |
| Returns on Capital | |||||||||||||
| ROIC | 13.3% | 11.5% | 26.4% | 15.9% | 17.4% | 19.9% | 5.6% | 14.8% | 18.1% | 21.3% | 19.8% | 17.6% | 15.8% |
| ROE | 17.8% | 13.0% | 21.7% | 39.0% | 58.5% | 66.8% | 11.8% | 38.7% | 92.6% | 104.4% | 101.1% | 99.1% | 75.6% |
| ROA | 7.2% | 4.4% | 5.5% | 6.6% | 8.0% | 9.3% | 1.1% | 2.4% | 6.2% | 7.9% | 8.2% | 7.1% | 6.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.5B | 1.6B | 2.0B | 2.2B | 2.2B | 2.4B | 1.6B | 1.9B | 1.8B | 2.9B | 3.0B | 2.5B | 2.7B |
| Free Cash Flow | 970M | 1.0B | 1.5B | 1.5B | 1.5B | 1.7B | 898M | 1.4B | 1.2B | 2.1B | 2.2B | 1.6B | 1.8B |
| Owner Earnings | 862M | 929M | 1.2B | 1.2B | 1.3B | 1.5B | 771M | 1.1B | 896M | 2.0B | 2.0B | 1.5B | 6.6B |
| CapEx | 523M | 543M | 527M | 686M | 688M | 692M | 720M | 471M | 633M | 793M | 832M | 906M | 835M |
| Maint. CapEx | 556M | 553M | 663M | 902M | 765M | 764M | 806M | 738M | 773M | 776M | 873M | 945M | -4.0B |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17M | 0 | 0 | 4.9B |
| D&A | 556M | 553M | 663M | 902M | 765M | 764M | 806M | 738M | 773M | 776M | 873M | 945M | -4.0B |
| CapEx/OCF | 35.0% | 34.9% | 27.3% | 30.7% | 31.9% | 28.7% | 44.5% | 24.7% | 35.3% | 27.6% | 27.8% | 36.1% | 31.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 667M | 695M | 699M | 699M | 722M | 775M | 856M | 918M | 959M | 996M | 1.0B | 1.0B | 1.0B |
| Dividend Yield | 4.5% | 4.1% | 3.7% | 3.1% | 2.9% | 2.6% | 2.8% | 2.9% | 2.6% | 2.7% | 2.9% | 2.8% | 1.6% |
| Share Buybacks | 332M | 0 | 1.9B | 1.9B | 979M | 1.0B | 845M | 0 | 500M | 500M | 1.2B | 1.3B | 750M |
| Buyback Yield | 2.0% | N/A | 8.7% | 8.6% | 3.3% | 3.3% | 3.7% | N/A | 1.3% | 1.5% | 3.6% | 3.5% | 1.2% |
| Stock-Based Comp | 74M | 74M | 79M | 84M | 94M | 105M | 42M | 96M | 122M | 96M | 104M | 93M | 114M |
| Debt Repayment | 230M | 354M | 0 | 0 | 282M | 0 | 1.1B | 2.0B | 494M | 830M | 447M | 549M | 549M |
| Balance Sheet | |||||||||||||
| Net Debt | 2.3B | 2.0B | 3.5B | 7.3B | 7.8B | 7.5B | 8.3B | 7.9B | 9.7B | 9.5B | 11.2B | 12.1B | 12.2B |
| Cash & Equiv. | 413M | 5.3B | 3.9B | 870M | 552M | 513M | 6.1B | 3.0B | 867M | 745M | 696M | 1.1B | 2.0B |
| Long-Term Debt | 2.4B | 2.3B | 7.3B | 7.7B | 7.5B | 8.1B | 12.9B | 10.6B | 10.1B | 10.3B | 11.5B | 12.4B | 12.8B |
| Debt/Equity | 0.52 | 1.39 | 2.14 | 3.44 | 3.32 | 3.26 | 12.47 | 7.14 | 7.70 | 5.18 | 6.44 | 7.27 | 6.21 |
| Interest Coverage | 12.8 | 4.8 | 6.0 | 6.8 | 5.9 | 6.5 | 1.8 | 1.6 | 3.8 | 5.8 | 5.3 | 181.6 | 181.6 |
| Equity | 5.3B | 5.3B | 3.5B | 2.4B | 2.5B | 2.5B | 1.2B | 1.6B | 1.4B | 2.0B | 1.9B | 1.8B | 2.3B |
| Total Assets | 13.1B | 18.0B | 16.7B | 17.8B | 18.1B | 18.0B | 22.6B | 21.4B | 22.1B | 22.8B | 24.9B | 26.8B | 28.0B |
| Total Liabilities | 7.9B | 12.7B | 13.2B | 15.3B | 15.5B | 15.4B | 21.4B | 19.8B | 20.7B | 20.8B | 23.0B | 24.9B | 100M |
| Intangibles | 177M | 155M | 207M | 1.0B | 980M | 857M | 780M | 746M | 953M | 860M | 1.2B | 1.1B | 995M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 13.5B |
| Working Capital | 2.3B | 2.1B | 5.6B | 1.9B | 1.4B | 2.0B | 5.6B | 3.4B | 1.7B | 2.1B | 1.8B | 2.1B | 3.3B |
| Current Assets | 6.7B | 11.5B | 10.1B | 8.0B | 8.0B | 8.1B | 12.3B | 10.7B | 10.5B | 10.6B | 11.0B | 12.0B | 13.4B |
| Current Liabilities | 4.4B | 9.4B | 4.4B | 6.1B | 6.6B | 6.1B | 6.7B | 7.3B | 8.8B | 8.5B | 9.2B | 9.9B | 10.1B |
| Per Share Data | |||||||||||||
| EPS | 1.58 | 1.15 | 1.64 | 2.08 | 2.70 | 3.20 | 0.42 | 1.02 | 2.64 | 3.47 | 3.89 | 3.73 | 2.27 |
| Owner EPS | 1.46 | 1.56 | 2.15 | 2.27 | 2.45 | 2.95 | 1.50 | 2.08 | 1.74 | 3.91 | 4.00 | 3.00 | 8.62 |
| Book Value | 8.93 | 8.81 | 6.01 | 4.34 | 4.73 | 4.78 | 2.26 | 3.02 | 2.68 | 3.94 | 3.70 | 3.73 | 3.00 |
| Cash Flow/Share | 2.53 | 2.60 | 3.43 | 4.06 | 4.07 | 4.61 | 3.16 | 3.70 | 3.48 | 5.62 | 5.95 | 5.12 | -3.02 |
| Dividends/Share | 1.15 | 1.19 | 1.23 | 1.30 | 1.41 | 1.53 | 1.74 | 1.82 | 1.90 | 1.97 | 2.01 | 2.07 | 1.34 |
| Shares Out. | 589.6M | 597.2M | 579.0M | 549.3M | 529.9M | 523.2M | 513.0M | 513.9M | 514.8M | 510.1M | 502.6M | 490.1M | 765.2M |
| Valuation | |||||||||||||
| P/E Ratio | 17.6 | 25.2 | 23.5 | 19.1 | 20.7 | 18.5 | 107.0 | 66.0 | 29.1 | 19.5 | 17.5 | 19.7 | 36.6 |
| P/FCF | 16.9 | 17.1 | 15.3 | 14.1 | 20.2 | 18.0 | 25.7 | 24.1 | 34.2 | 16.6 | 15.8 | 22.4 | 34.9 |
| EV/EBIT | 10.1 | 11.7 | 11.8 | 13.8 | 15.9 | 16.4 | 33.9 | 27.9 | 20.9 | 14.3 | 14.1 | 15.6 | 25.3 |
| Price/Book | N/A | 3.3 | 6.4 | 9.2 | 11.8 | 12.4 | 19.9 | 22.3 | 28.6 | 17.2 | 18.4 | 19.7 | 27.7 |
| Price/Sales | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 0.6 | 0.5 | 0.5 | 0.4 | 0.4 | 0.8 |
| FCF Yield | 5.9% | 5.8% | 6.5% | 7.1% | 5.0% | 5.5% | 3.9% | 4.1% | 2.9% | 6.0% | 6.3% | 4.5% | 2.9% |
| Market Cap | 16.4B | 17.3B | 22.3B | 21.9B | 29.6B | 31.0B | 23.1B | 34.6B | 39.6B | 34.5B | 34.2B | 36.0B | 63.6B |
| Avg. Price | 25.31 | 28.55 | 32.81 | 41.45 | 47.17 | 57.18 | 58.72 | 62.19 | 71.10 | 72.34 | 69.37 | 72.11 | 83.11 |
| Year-End Price | 27.74 | 28.99 | 38.56 | 39.83 | 55.94 | 59.19 | 44.95 | 67.31 | 76.89 | 67.55 | 68.02 | 73.46 | 83.11 |
SYSCO CORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
SYSCO CORP trades at 22.4x trailing earnings, compared to its 15-year median P/E of 19.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 22.7x vs a median of 19.1x. The company's 5-year average ROIC is 18.3% with a gross margin of 18.3%. Total shareholder yield (dividends + buybacks) is 2.8%. At current prices, the estimated annualized return to fair value is +3.7%.
SYSCO CORP (SYY) has a net profit margin of 2.2%. This is a modest margin.
SYSCO CORP (SYY) generated $1.6 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SYSCO CORP (SYY) has a debt-to-equity ratio of 7.27. This indicates higher leverage, which may increase financial risk.
SYSCO CORP (SYY) reported earnings per share (EPS) of $3.73 in its most recent fiscal year.
SYSCO CORP (SYY) has a return on equity (ROE) of 99.1%. This indicates the company generates strong returns for shareholders.
SYSCO CORP (SYY) has a 5-year average gross margin of 18.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for SYSCO CORP (SYY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SYSCO CORP (SYY) has a book value per share of $3.73, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued sequential improvement in local case volume growth throughout fiscal 2026, with confidence in delivering at least 2.5% local volume growth in the fourth quarter representing a 120 basis point improvement on a two-year stack basis. The company is experiencing structural improvements driven by stabilized sales colleague retention, increased productivity, and company-specific initiatives including Sysco Perks, Sysco Your Way, AI 360, and pricing agility, which management expects will compound improvements over time. Gross margin performance is strengthening through strategic sourcing initiatives and warehouse productivity improvements approaching 2019 levels, with management confident in continued positive momentum. The planned acquisition of Restaurant Depot is expected to increase local revenue by 1.5x and generate $250 million in annualized net cost synergies by year three, with the combined business expected to produce more than $2 billion in incremental annual free cash flow by year four, fundamentally expanding future capital allocation flexibility and supporting dividend growth and share repurchases.
Based on recent SEC filings and earnings calls, SYSCO CORP (SYY) has provided the following forward guidance: Adjusted EPS: $4.50-$4.60 (FY2026); Local Case Volume Growth: at least 2.5% (Q4 FY2026); Capital Expenditures: approximately $700 million (FY2026).
No recent press releases.