Unless this Form 10-K indicates otherwise or the context otherwise requires, the terms “we,” “our,” “us,” “Sysco,” or the “company” as used in this Form 10-K refer to Sysco Corporation together with its consolidated subsidiaries and divisions. Sysco Corporation, acting through its subsidiaries and divisions, is the largest global distributor of food and related products primarily to the foodservice or food-away-from-home industry. Our purpose is “Connecting the World to Share Food and Care for One Another.” We provided products and related services to approximately 730,000 customer locations, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers during fiscal 2025. Founded in 1969, Sysco commenced operations as a public company in March 1970 when the stockholders of nine companies exchanged their stock for Sysco common stock. Since our formation, we have grown from $115 million to our all-time high of $81.
| 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 | 82.6B | 81.4B | 78.8B | 76.3B | 68.6B | 51.3B |
| Net Income | 1.8B | 1.8B | 2.0B | 1.8B | 1.4B | 524M |
| EPS | $3.71 | $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 | 16.1% | 17.4% | 17.6% | 20.0% | 15.7% | 16.4% |
| Gross Margin | 18.5% | 18.4% | 18.5% | 18.3% | 18.0% | 18.2% |
| Debt/Equity | 6.46 | 7.79 | 7.21 | 5.59 | 8.66 | 7.93 |
| Dividends/Share | $2.12 | $2.07 | $2.01 | $1.97 | $1.90 | $1.82 |
| Operating Income | 3.1B | 3.1B | 3.2B | 3.0B | 2.3B | 1.4B |
| Operating Margin | 3.7% | 3.8% | 4.1% | 4.0% | 3.4% | 2.8% |
| ROE | 78.8% | 99.1% | 105.1% | 88.1% | 98.3% | 33.8% |
| Shares Outstanding | 479M | 490M | 503M | 510M | 515M | 514M |
SYSCO CORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
SYSCO CORP trades at 19.8x 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 20.1x vs a median of 19.1x. The company's 5-year average ROIC is 17.4% with a gross margin of 18.3%. Total shareholder yield (dividends + buybacks) is 5.6%. At current prices, the estimated annualized return to fair value is +3.8%.
SYSCO CORP (SYY) has a current P/E ratio of 19.8, 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 17.4%. This indicates strong capital allocation and a potential competitive advantage.
SYSCO CORP (SYY) has a market capitalization of $35.1B. It is classified as a large-cap stock.
Yes, SYSCO CORP (SYY) pays a dividend with a trailing twelve-month yield of 2.89%. The company also returns capital through share buybacks, with a buyback yield of 2.70%.
Based on historical P/E analysis, SYSCO CORP (SYY) appears fair. The current P/E of 19.8 is 0% above its historical median of 19.7. The estimated fair value CAGR (P/E method) is 13.8%.
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 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 7.79. 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.
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