SYY

MKT CAP:$37B

Sysco Corporation

Market Cap

$37B

Consumer Defensive·Food Distribution·🇺🇸 United States·NYSE

Consumer Def.·Food Distribution·🇺🇸·NYSE

Stock Price

$76.16+$3.54 (+4.87%)

Apr 24, 2026

Company Details

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, Franc...

CEO

Kevin Hourican

IPO Date

May 8, 1973

Website

www.sysco.com

Key Metrics TTM

Revenue

$82.6B

+2.6% YoY

Net Income

$1.8B

EPS (Diluted)

$3.72

Free Cash Flow

$1.9B

Revenue / Share

$171.94

Gross Margin

18.5%

Operating Margin

3.7%

Net Margin

2.2%

FCF Margin

2.3%

P/S

0.4x

P/E

20.4x

Earnings Reports

Q3 2026

Apr 28, 2026

PENDING

Q2 2026

Jan 27, 2026

$20.8B+3.0%EPS $0.81

Q1 2026

Oct 28, 2025

$21.1B+3.2%EPS $0.99

FY 2025

Aug 21, 2025

$81.4B+3.2%EPS $3.73

Q4 2025

Aug 21, 2025

$21.1B+2.8%EPS $1.10

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$16.9B	$3.0B	$496M
Q4 22	$19.0B	$3.4B	$767M
Q1 23	$19.1B	$3.5B	$737M
Q2 23	$18.6B	$3.3B	$641M
Q3 23	$18.9B	$3.4B	$696M
Q4 23	$19.7B	$3.7B	$969M
Q1 24	$19.6B	$3.6B	$804M
Q2 24	$19.3B	$3.5B	$700M
Q3 24	$19.4B	$3.6B	$722M
Q4 24	$20.6B	$3.8B	$976M
Q1 25	$20.5B	$3.8B	$808M
Q2 25	$20.2B	$3.6B	$712M
Q3 25	$19.6B	$3.6B	$681M
Q4 25	$21.1B	$4.0B	$888M
Q1 26	$21.1B	$3.9B	$800M
Q2 26	$20.8B	$3.8B	$692M

Valuation

Quarter	P/S	P/E
Q3 22	0.6x	42.3x
Q4 22	0.6x	32.4x
Q1 23	0.5x	25.3x
Q2 23	0.5x	28.3x
Q3 23	0.5x	25.6x
Q4 23	0.5x	21.5x
Q1 24	0.4x	18.2x
Q2 24	0.5x	18.2x
Q3 24	0.5x	19.3x
Q4 24	0.4x	17.6x
Q1 25	0.5x	19.7x
Q2 25	0.5x	19.3x
Q3 25	0.4x	19.0x
Q4 25	0.4x	19.8x
Q1 26	0.5x	21.6x
Q2 26	0.4x	19.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	$369M	$223M
Q4 22	$1.0B	$740M
Q1 23	$159M	-$9M
Q2 23	$345M	$202M
Q3 23	$922M	$758M
Q4 23	$1.4B	$1.1B
Q1 24	$87M	-$84M
Q2 24	$769M	$593M
Q3 24	$517M	$334M
Q4 24	$1.6B	$1.3B
Q1 25	$53M	-$69M
Q2 25	$445M	$234M
Q3 25	$819M	$620M
Q4 25	$1.4B	$996M
Q1 26	$86M	-$74M
Q2 26	$525M	$385M

Capital Expenditures

Quarter	CapEx
Q3 22	$146M
Q4 22	$305M
Q1 23	$167M
Q2 23	$142M
Q3 23	$165M
Q4 23	$319M
Q1 24	$171M
Q2 24	$176M
Q3 24	$183M
Q4 24	$302M
Q1 25	$122M
Q2 25	$211M
Q3 25	$199M
Q4 25	$374M
Q1 26	$160M
Q2 26	$140M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+42.9%	+41.6%
Q4 22	+17.5%	+16.9%
Q1 23	+16.2%	+16.2%
Q2 23	+13.9%	+13.1%
Q3 23	+11.7%	+10.8%
Q4 23	+4.1%	+3.1%
Q1 24	+2.6%	+2.3%
Q2 24	+3.7%	+3.5%
Q3 24	+2.7%	+2.6%
Q4 24	+4.2%	+4.4%
Q1 25	+4.4%	+4.6%
Q2 25	+4.5%	+4.6%
Q3 25	+1.1%	+1.4%
Q4 25	+2.8%	+3.4%
Q1 26	+3.2%	+3.4%
Q2 26	+3.0%	+3.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$30M	0.2%
Q4 22	$32M	0.2%
Q1 23	$27M	0.1%
Q2 23	$25M	0.1%
Q3 23	$21M	0.1%
Q4 23	$22M	0.1%
Q1 24	$24M	0.1%
Q2 24	$29M	0.2%
Q3 24	$24M	0.1%
Q4 24	$27M	0.1%
Q1 25	$30M	0.1%
Q2 25	$30M	0.1%
Q3 25	$14M	0.1%
Q4 25	$19M	0.1%
Q1 26	$31M	0.1%
Q2 26	$0	0.0%

OpEx Breakdown

Quarter	S&M	SG&A
Q4 22	—	$2.6B
Q1 23	—	$2.7B
Q2 23	—	$2.7B
Q3 23	—	$2.7B
Q4 23	—	$2.6B
Q1 24	—	$2.8B
Q2 24	—	$2.8B
Q3 24	—	$2.8B
Q4 24	$4.3B	—
Q4 25	$4.6B	—

Revenue Segments

Quarter	Beverage Products1	Canned And Dry Products1	Dairy Products1	Fresh And Frozen Meats1	Fresh Produce1	Frozen Fruits, Vegetables, Bakery And Other1	Paper And Disposables1	Poultry1	Seafood1	Other Products	Equipment And Smallwares
Q3 22	$524M	$3.0B	$1.7B	$3.2B	$1.4B	$2.4B	$1.3B	$1.9B	$774M	—	—
Q1 23	$615M	$3.5B	$2.1B	$3.4B	$1.7B	$2.7B	$1.4B	$2.1B	$800M	$839M	—
Q2 23	$595M	$3.4B	$2.0B	$3.3B	$1.7B	$2.8B	$1.3B	$1.9B	$695M	$849M	—
Q3 23	$640M	$3.6B	$2.1B	$3.3B	$1.6B	$2.8B	$1.3B	$1.8B	$751M	$841M	—
Q1 24	$703M	$3.7B	$2.0B	$3.6B	$1.7B	$3.0B	$1.3B	$1.9B	$746M	$865M	—
Q2 24	$661M	$3.6B	$2.0B	$3.6B	$1.6B	$3.0B	$1.3B	$1.9B	$662M	$949M	—
Q1 25	$748M	$3.8B	$2.2B	$3.7B	$1.7B	$3.1B	$1.4B	$2.1B	$695M	$639M	$513M
Q2 25	$719M	$3.6B	$2.1B	$3.8B	$1.7B	$3.1B	$1.4B	$2.0B	$640M	$643M	$448M
Q3 25	$712M	$3.5B	$2.1B	$3.7B	$1.6B	$3.0B	$1.3B	$1.9B	$680M	$637M	$442M
Q4 25	$807M	$3.7B	$2.2B	$4.0B	$1.7B	$3.1B	$1.4B	$2.1B	$764M	$730M	$486M
Q1 26	$807M	$3.7B	$2.2B	$4.2B	$1.7B	$3.1B	$1.4B	$2.1B	$763M	$691M	$457M
Q2 26	$765M	$3.7B	$2.0B	$4.3B	$1.7B	$3.2B	$1.4B	$1.9B	$706M	$682M	$476M

Revenue by Geography

Quarter	International Foodservice Operations	Sygma Segment	U.S. Foodservice Operations
Q1 23	$3.3B	$1.9B	$13.6B
Q2 23	$3.3B	$1.9B	$13.1B
Q3 23	$3.3B	$2.0B	$13.3B
Q1 24	$3.7B	$1.9B	$13.7B
Q2 24	$3.6B	$1.9B	$13.5B
Q1 25	$3.8B	$2.0B	$14.4B
Q2 25	$3.7B	$2.1B	$14.0B
Q3 25	$3.5B	$2.1B	$13.8B
Q4 25	$3.9B	$2.2B	$14.8B
Q1 26	$4.0B	$2.1B	$14.8B
Q2 26	$4.0B	$2.1B	$14.4B

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$876M	$0	$876M
Q4 22	$867M	$0	$867M
Q1 23	$438M	$0	$438M
Q2 23	$500M	$0	$500M
Q3 23	$758M	$0	$758M
Q4 23	$745M	$0	$745M
Q1 24	$569M	$0	$569M
Q2 24	$962M	$0	$962M
Q3 24	$598M	$0	$598M
Q4 24	$696M	$0	$696M
Q1 25	$733M	$0	$733M
Q2 25	$793M	$0	$793M
Q3 25	$1.5B	$0	$1.5B
Q4 25	$1.1B	$0	$1.1B
Q1 26	$844M	$0	$844M
Q2 26	$1.2B	$0	$1.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	512M	-0.5%	-0.5%
Q4 22	513M	+0.2%	-0.5%
Q1 23	510M	-0.6%	-1.0%
Q2 23	510M	-0.0%	-0.9%
Q3 23	510M	-0.1%	-0.5%
Q4 23	509M	-0.3%	-1.0%
Q1 24	507M	-0.3%	-0.6%
Q2 24	506M	-0.2%	-0.8%
Q3 24	502M	-0.8%	-1.6%
Q4 24	497M	-0.9%	-2.2%
Q1 25	494M	-0.7%	-2.6%
Q2 25	493M	-0.2%	-2.6%
Q3 25	489M	-0.7%	-2.5%
Q4 25	483M	-1.2%	-2.8%
Q1 26	480M	-0.6%	-2.7%
Q2 26	481M	+0.1%	-2.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$291.4K	58K
Q4 22	$326.8K	58K
Q1 23	$269.4K	71K
Q2 23	$261.9K	71K
Q3 23	$265.9K	71K
Q4 23	$277.9K	71K
Q1 24	$272.5K	72K
Q2 24	$267.9K	72K
Q3 24	$269.2K	72K
Q4 24	$270.5K	76K
Q1 25	$269.5K	76K
Q2 25	$265.1K	76K
Q3 25	$257.9K	76K
Q4 25	$278.1K	76K
Q1 26	$278.3K	76K
Q2 26	$273.2K	76K

Revenue / Employee