A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
US Foods Holding Corp.
USFD
$22.3B
Mkt Cap
$97.17
+1.66%
US Foods Holding Corp. (USFD) has a current P/E ratio of 33.1, compared to its historical median P/E of 23.9. The stock is currently considered Fair based on its historical valuation range.
US Foods Holding Corp. (USFD) has a 5-year average return on invested capital (ROIC) of 5.9%. This is below average and may indicate limited pricing power.
US Foods Holding Corp. (USFD) has a market capitalization of $21.4B. It is classified as a large-cap stock.
US Foods Holding Corp. (USFD) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 4.57%.
Based on historical P/E analysis, US Foods Holding Corp. (USFD) appears fair. The current P/E of 33.1 is 38% above its historical median of 23.9. The estimated fair value CAGR (P/E method) is 15.3%.
US Foods Holding Corp. (USFD) operates in the Wholesale-Groceries & Related Products industry, within the Consumer Defensive sector.
US Foods Holding Corp. (USFD) reported annual revenue of $39.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
US Foods is a broadline foodservice distributor serving approximately 250,000 customer locations nationwide, including independent restaurants, chain restaurants, healthcare, hospitality, government, and education customers. The company operates as a single integrated business with centralized scale and localized execution, supplying fresh, frozen, and dry food products plus non-food items sourced from thousands of suppliers through a network of over 70 distribution facilities and a fleet of over 6,500 trucks. Revenue is generated through traditional broadline delivery services and the Pronto small-truck delivery program, complemented by an industry-leading digital platform (MOXē) that enables customers to manage orders and inventory while providing business support. The company differentiates through its Exclusive Brand portfolio emphasizing consistency and freshness, sophisticated marketing and category management capabilities, and a sales force of over 4,000 associates supported by world-class chefs and business development managers. US Foods targets independent restaurants, healthcare, and hospitality customers, which value broad product assortment and value-added services; in fiscal 2025, the top 50 customers (including group purchasing organizations) represented approximately 42% of net sales, with GPOs accounting for approximately 27% of net sales.
【Market share momentum accelerating】 Management expects continued market share gains with target customer types (independent restaurants, healthcare, and hospitality) to drive growth, with independent case growth projected at 4%-7% for fiscal 2026 despite a challenging macro environment. The company is implementing a new seller compensation plan transitioning to 100% variable commission, expected to further accelerate growth and align incentives with customer acquisition and retention. Pronto, the small-truck delivery service, is positioned as a long-term growth driver with expectations to reach approximately $1.5 billion in revenue by 2027, and the company plans its largest annual investment in the program for 2026. Management remains confident in delivering double-digit adjusted EPS growth over time while advancing operational excellence initiatives, including cost of goods savings, indirect spend reductions, and private label penetration expansion, which are expected to generate incremental value through 2027 and beyond.
| Metric | Target | Period |
|---|---|---|
| Adjusted EBITDA growth | 9%-13% | FY2026 |
| Adjusted diluted EPS growth | 18%-24% | FY2026 |
| Total case growth | 2.5%-4.5% | FY2026 |
| Independent case growth | 4%-7% | FY2026 |
| Cost of goods savings | at least $300 million | Three-year plan ending 2027 |
| Indirect spend savings | more than $75 million | FY2026 |
| Pronto revenue | approximately $1.5 billion | By 2027 |
Adjusted EBITDA growth (FY2026): “We expect to grow adjusted EBITDA 9%-13%”
Adjusted diluted EPS growth (FY2026): “adjusted diluted EPS growth to be between 18% and 24%, which includes the impact of a 53rd week”
Total case growth (FY2026): “We expect to grow total company net sales by 4%-6% compared to the prior year, driven by total case growth of 2.5%-4.5%”
Independent case growth (FY2026): “We are projecting independent case growth of 4%-7% for the full year”
Cost of goods savings (Three-year plan ending 2027): “We continue to expect to deliver at least $300 million in cost of goods savings over our three-year long-range plan ending in 2027, which is up from our original $260 million commitment”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Meats and seafood | $8.13B | $12.38B | $11.95B | $12.93B | $13.97B | 35% |
Dry grocery products | $3.93B | $5.76B | $6.41B | $6.62B | $6.68B | 17% |
Refrigerated and frozen grocery products | $3.58B | $5.25B | $6.05B | $6.42B | $6.63B | 17% |
Dairy | $2.39B | $3.56B | $3.73B | $4.04B | $4.21B | 11% |
Equipment, disposables and supplies | $2.46B | $3.54B | $3.57B | $3.57B | $3.63B | 9% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 39.7B | 39.4B | 37.9B | 35.6B | 34.1B | 22.9B |
| Net Income | 677M | 676M | 494M | 506M | 265M | -226M |
| EPS | $3.02 | $2.94 | $2.02 | $2.02 | $1.01 | $-1.15 |
| Free Cash Flow | 848M | 959M | 833M | 831M | 500M | 224M |
| ROIC | 9.6% | 9.4% | 8.9% | 8.4% | 5.0% | -2.4% |
| Gross Margin | 17.4% | 17.4% | 17.3% | 17.3% | 16.1% | 16.3% |
| Debt/Equity | 1.19 | 1.29 | 1.15 | 1.05 | 1.30 | 1.63 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.03 | $0.14 | $0.00 |
| Operating Income | 1.2B | 1.2B | 1.1B | 1.0B | 594M | -77M |
| Operating Margin | 3.0% | 3.0% | 2.9% | 2.9% | 1.7% | -0.3% |
| ROE | 15.6% | 15.3% | 10.6% | 11.6% | 7.1% | -6.4% |
| Shares Outstanding | 220M | 230M | 245M | 250M | 262M | 197M |
| Metric | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 23.0B | 22.9B | 24.1B | 24.2B | 25.9B | 22.9B | 34.1B | 35.6B | 37.9B | 39.4B | 39.7B |
| Gross Margin | 16.5% | 17.7% | 17.5% | 17.8% | 17.7% | 16.3% | 16.1% | 17.3% | 17.3% | 17.4% | 17.4% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 3.5B | 3.6B | 3.6B | 3.6B | 3.9B | 3.8B | 4.9B | 5.1B | 5.4B | 5.6B | 5.7B |
| EBIT | 252M | 419M | 588M | 658M | 699M | -77M | 594M | 1.0B | 1.1B | 1.2B | 1.2B |
| Op. Margin | 1.1% | 1.8% | 2.4% | 2.7% | 2.7% | -0.3% | 1.7% | 2.9% | 2.9% | 3.0% | 3.0% |
| Net Income | -73M | 210M | 444M | 407M | 385M | -226M | 265M | 506M | 494M | 676M | 677M |
| Net Margin | -0.3% | 0.9% | 1.8% | 1.7% | 1.5% | -1.0% | 0.8% | 1.4% | 1.3% | 1.7% | 1.7% |
| Non-Recurring | 9.4M | 131M | 11M | 3.0M | 2.0M | 59M | 27M | 21M | 23M | 33M | 23M |
| Returns on Capital | |||||||||||
| ROIC | N/A | 7.9% | 9.7% | 8.3% | 7.0% | -2.4% | 5.0% | 8.4% | 8.9% | 9.4% | 9.6% |
| ROE | N/A | 8.3% | 16.8% | 13.6% | 11.1% | -6.4% | 7.1% | 11.6% | 10.6% | 15.3% | 15.6% |
| ROA | N/A | 4.7% | 4.9% | 4.5% | 3.8% | -1.8% | 2.1% | 3.9% | 3.7% | 4.9% | 4.8% |
| Cash Flow | |||||||||||
| Op. Cash Flow | 402M | 549M | 749M | 609M | 760M | 413M | 765M | 1.1B | 1.2B | 1.4B | 1.3B |
| Free Cash Flow | 255M | 385M | 528M | 374M | 502M | 224M | 500M | 831M | 833M | 959M | 848M |
| Owner Earnings | -21M | 110M | 350M | 241M | 366M | -49M | 348M | 689M | 673M | 824M | 720M |
| CapEx | 147M | 164M | 221M | 235M | 258M | 189M | 265M | 309M | 341M | 410M | 424M |
| Maint. CapEx | 412M | 421M | 378M | 340M | 362M | 422M | 372M | 395M | 438M | 462M | 469M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 412M | 421M | 378M | 340M | 362M | 422M | 372M | 395M | 438M | 462M | 469M |
| CapEx/OCF | N/A | N/A | 29.5% | 38.6% | 33.9% | 45.8% | 65.4% | 27.1% | 29.0% | 29.9% | 33.3% |
| Capital Allocation | |||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 37M | 7.0M | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | 0.4% | 0.1% | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 280M | 0 | 0 | 0 | 14M | 294M | 948M | 926M | 978M |
| Buyback Yield | 0.0% | 0.0% | 3.9% | N/A | N/A | N/A | N/A | 2.6% | 5.7% | 5.3% | 4.6% |
| Stock-Based Comp | 12M | 18M | 21M | 28M | 32M | 40M | 45M | 56M | 63M | 83M | 83M |
| Debt Repayment | 1.0B | 4.1B | 2.7B | 4.6B | 5.0B | 2.7B | 1.6B | 0 | 1.2B | 0 | 0 |
| Balance Sheet | |||||||||||
| Net Debt | 672M | 2.8B | 3.6B | 3.4B | 4.8B | 4.9B | 4.9B | 4.7B | 5.2B | 5.5B | 5.1B |
| Cash & Equiv. | 344M | 518M | 119M | 104M | 90M | 828M | 211M | 269M | 59M | 41M | 49M |
| Long-Term Debt | 1.0B | 3.7B | 3.6B | 3.4B | 4.6B | 5.7B | 4.7B | 4.6B | 4.8B | 5.1B | 5.0B |
| Debt/Equity | N/A | 1.49 | 1.37 | 1.08 | 1.32 | 1.63 | 1.30 | 1.05 | 1.15 | 1.29 | 1.19 |
| Interest Coverage | 0.9 | 1.8 | 3.5 | 3.8 | 3.8 | -0.3 | 2.3 | 3.1 | 3.5 | 3.9 | 45.8 |
| Equity | N/A | 2.5B | 2.8B | 3.2B | 3.7B | 3.5B | 4.0B | 4.7B | 4.5B | 4.3B | 4.3B |
| Total Assets | N/A | 8.9B | 9.0B | 9.2B | 11.3B | 12.4B | 12.8B | 13.2B | 13.4B | 13.9B | 14.2B |
| Total Liabilities | N/A | 6.4B | 6.3B | 6.0B | 7.6B | 8.4B | 8.3B | 8.4B | 8.9B | 9.6B | 9.8B |
| Intangibles | N/A | 387M | 364M | 324M | 967M | 892M | 785M | 803M | 836M | 781M | 767M |
| Retained Earnings | N/A | -136M | 124M | 531M | 916M | 661M | 1.0B | 1.5B | 2.0B | 2.7B | 2.8B |
| Working Capital | N/A | 820M | 816M | 903M | 900M | 1.5B | 1.0B | 919M | 678M | 573M | 541M |
| Current Assets | N/A | 2.8B | 2.8B | 3.0B | 3.3B | 3.5B | 3.8B | 4.0B | 4.0B | 4.2B | 4.4B |
| Current Liabilities | N/A | 2.0B | 2.0B | 2.1B | 2.4B | 2.0B | 2.8B | 3.1B | 3.3B | 3.6B | 3.8B |
| Per Share Data | |||||||||||
| EPS | -0.43 | 1.03 | 1.97 | 1.87 | 1.75 | -1.15 | 1.01 | 2.02 | 2.02 | 2.94 | 3.02 |
| Owner EPS | -0.12 | 0.54 | 1.55 | 1.11 | 1.66 | -0.25 | 1.33 | 2.75 | 2.75 | 3.58 | 3.27 |
| Book Value | N/A | 12.45 | 12.21 | 14.84 | 16.86 | 17.96 | 15.10 | 18.96 | 18.52 | 18.73 | 19.66 |
| Cash Flow/Share | 2.37 | 2.69 | 3.32 | 2.80 | 3.45 | 2.10 | 2.92 | 4.55 | 4.80 | 5.95 | 5.20 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.14 | 0.03 | 0.00 | 0.00 | 0.00 |
| Shares Out. | 169.6M | 203.9M | 225.4M | 217.6M | 220.0M | 196.5M | 262.4M | 250.5M | 244.6M | 229.9M | 220.4M |
| Valuation | |||||||||||
| P/E Ratio | N/A | N/A | 16.1 | 16.7 | 23.9 | N/A | 63.0 | 22.6 | 33.7 | 26.0 | 32.2 |
| P/FCF | N/A | N/A | 13.6 | 18.1 | 18.3 | 30.5 | 17.9 | 13.7 | 20.0 | 18.3 | 25.3 |
| EV/EBIT | N/A | N/A | 18.4 | 15.5 | 20.0 | N/A | 35.2 | 15.5 | 19.7 | 19.1 | 22.3 |
| Price/Book | N/A | N/A | 2.6 | 2.1 | 2.5 | 1.9 | 2.6 | 2.4 | 3.7 | 4.1 | 4.9 |
| Price/Sales | N/A | N/A | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 |
| FCF Yield | N/A | N/A | 7.4% | 5.5% | 5.5% | 3.3% | 4.8% | 7.3% | 5.0% | 5.5% | 4.0% |
| Market Cap | 0 | 0 | 7.2B | 6.8B | 9.2B | 6.8B | 10.3B | 11.4B | 16.7B | 17.6B | 21.4B |
| Avg. Price | 0.00 | 0.00 | 27.80 | 33.38 | 37.30 | 35.97 | 33.32 | 39.81 | 55.82 | 73.59 | 97.17 |
| Year-End Price | 0.00 | 0.00 | 31.76 | 31.18 | 41.77 | 34.81 | 34.04 | 45.58 | 68.17 | 76.37 | 97.17 |
US Foods Holding Corp. passes 4 of 9 quality checks, suggesting mixed fundamentals.
US Foods Holding Corp. trades at 33.1x trailing earnings, compared to its 15-year median P/E of 23.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 22.3x vs a median of 18.2x. The company's 5-year average ROIC is 5.9% with a gross margin of 16.9%. Total shareholder yield (buybacks) is 4.6%. At current prices, the estimated annualized return to fair value is +10.7%.
US Foods Holding Corp. (USFD) has a net profit margin of 1.7%. This is a modest margin.
US Foods Holding Corp. (USFD) generated $959 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
US Foods Holding Corp. (USFD) has a debt-to-equity ratio of 1.29. This indicates moderate leverage.
US Foods Holding Corp. (USFD) reported earnings per share (EPS) of $2.94 in its most recent fiscal year.
US Foods Holding Corp. (USFD) has a return on equity (ROE) of 15.3%. This indicates the company generates strong returns for shareholders.
US Foods Holding Corp. (USFD) has a 5-year average gross margin of 16.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 10 years of financial data for US Foods Holding Corp. (USFD), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
US Foods Holding Corp. (USFD) has a book value per share of $18.73, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued market share gains with target customer types (independent restaurants, healthcare, and hospitality) to drive growth, with independent case growth projected at 4%-7% for fiscal 2026 despite a challenging macro environment. The company is implementing a new seller compensation plan transitioning to 100% variable commission, expected to further accelerate growth and align incentives with customer acquisition and retention. Pronto, the small-truck delivery service, is positioned as a long-term growth driver with expectations to reach approximately $1.5 billion in revenue by 2027, and the company plans its largest annual investment in the program for 2026. Management remains confident in delivering double-digit adjusted EPS growth over time while advancing operational excellence initiatives, including cost of goods savings, indirect spend reductions, and private label penetration expansion, which are expected to generate incremental value through 2027 and beyond.
Based on recent SEC filings and earnings calls, US Foods Holding Corp. (USFD) has provided the following forward guidance: Adjusted EBITDA growth: 9%-13% (FY2026); Adjusted diluted EPS growth: 18%-24% (FY2026); Total case growth: 2.5%-4.5% (FY2026); Independent case growth: 4%-7% (FY2026); Cost of goods savings: at least $300 million (Three-year plan ending 2027), plus 2 additional metrics.
Indirect spend savings (FY2026): “This year, we expect to deliver more than $75 million in savings, up from $45 million last year”
Pronto revenue (By 2027): “we're excited about Pronto and fully committed to that billion and a half dollar revenue next year”