USFD

MKT CAP:$21B

US Foods Holding Corp.

Market Cap

$21B

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

Consumer Def.·Food Distribution·🇺🇸·NYSE

Stock Price

$92.26+$17.62 (+23.61%)

Apr 22, 2026

Company Details

US Foods Holding Corp., through its subsidiary, US Foods, Inc., markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's customers include independently owned sin...

CEO

David E. Flitman

IPO Date

May 26, 2016

Website

www.usfoods.com

Key Metrics TTM

Revenue

$39.4B

+4.1% YoY

Net Income

$676M

EPS (Diluted)

$2.94

Free Cash Flow

$959M

Revenue / Share

$175.14

Gross Margin

17.4%

Operating Margin

3.1%

Net Margin

1.7%

FCF Margin

2.4%

P/S

0.5x

P/E

30.5x

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Feb 12, 2026

$39.4B+4.1%EPS $2.94

Q4 2025

Feb 12, 2026

$9.8B+3.3%EPS $0.82

Q3 2025

Nov 6, 2025

$10.2B+4.8%EPS $0.67

Q2 2025

Aug 7, 2025

$10.1B+3.8%EPS $0.96

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$7.8B	$1.2B	$34M
Q2 22	$8.8B	$1.4B	$150M
Q3 22	$8.9B	$1.5B	$214M
Q4 22	$8.5B	$1.5B	$196M
Q1 23	$8.5B	$1.4B	$187M
Q2 23	$9.0B	$1.6B	$322M
Q3 23	$9.1B	$1.5B	$230M
Q4 23	$8.9B	$1.6B	$278M
Q1 24	$8.9B	$1.5B	$165M
Q2 24	$9.7B	$1.7B	$353M
Q3 24	$9.7B	$1.7B	$279M
Q4 24	$9.5B	$1.7B	$304M
Q1 25	$9.4B	$1.6B	$229M
Q2 25	$10.1B	$1.8B	$374M
Q3 25	$10.2B	$1.8B	$295M
Q4 25	$9.8B	$1.7B	$334M

Valuation

Quarter	P/S	P/E
Q1 22	0.7x	114.0x
Q2 22	0.6x	105.3x
Q3 22	0.6x	85.6x
Q4 22	0.6x	77.9x
Q1 23	0.6x	58.3x
Q2 23	0.6x	44.3x
Q3 23	0.6x	45.7x
Q4 23	0.6x	40.8x
Q1 24	0.6x	40.8x
Q2 24	0.6x	39.5x
Q3 24	0.6x	35.9x
Q4 24	0.5x	41.8x
Q1 25	0.5x	39.2x
Q2 25	0.5x	37.3x
Q3 25	0.5x	37.0x
Q4 25	0.5x	30.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$158M	$86M
Q2 22	$101M	$30M
Q3 22	$354M	$296M
Q4 22	$152M	$88M
Q1 23	$279M	$218M
Q2 23	$374M	$327M
Q3 23	$282M	$223M
Q4 23	$205M	$63M
Q1 24	$139M	$52M
Q2 24	$482M	$413M
Q3 24	$270M	$190M
Q4 24	$283M	$178M
Q1 25	$391M	$307M
Q2 25	$334M	$257M
Q3 25	$351M	$236M
Q4 25	$293M	$159M

Capital Expenditures

Quarter	CapEx
Q1 22	$72M
Q2 22	$71M
Q3 22	$58M
Q4 22	$64M
Q1 23	$61M
Q2 23	$47M
Q3 23	$59M
Q4 23	$142M
Q1 24	$87M
Q2 24	$69M
Q3 24	$80M
Q4 24	$105M
Q1 25	$84M
Q2 25	$77M
Q3 25	$115M
Q4 25	$134M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+23.9%	+23.9%
Q2 22	+15.2%	+15.1%
Q3 22	+13.0%	+12.2%
Q4 22	+11.5%	+10.9%
Q1 23	+9.5%	+7.6%
Q2 23	+2.1%	+0.2%
Q3 23	+2.1%	+2.0%
Q4 23	+4.9%	+4.1%
Q1 24	+4.8%	+5.1%
Q2 24	+7.7%	+7.7%
Q3 24	+6.8%	+6.5%
Q4 24	+6.2%	+6.1%
Q1 25	+4.5%	+3.8%
Q2 25	+3.8%	+3.8%
Q3 25	+4.8%	+4.7%
Q4 25	+3.3%	+3.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$12M	0.2%
Q2 22	$9M	0.1%
Q3 22	$13M	0.1%
Q4 22	$11M	0.1%
Q1 23	$14M	0.2%
Q2 23	$14M	0.2%
Q3 23	$15M	0.2%
Q4 23	$13M	0.1%
Q1 24	$15M	0.2%
Q2 24	$15M	0.2%
Q3 24	$16M	0.2%
Q4 24	$17M	0.2%
Q1 25	$22M	0.2%
Q2 25	$23M	0.2%
Q3 25	$19M	0.2%
Q4 25	$19M	0.2%

OpEx Breakdown

Quarter	SG&A
Q1 22	$1.2B
Q2 22	$1.2B
Q3 22	$1.2B
Q4 22	$1.2B
Q1 23	$1.2B
Q2 23	$1.3B
Q3 23	$1.3B
Q4 23	$1.3B
Q1 24	$1.3B
Q2 24	$1.4B
Q3 24	$1.4B
Q4 24	$1.4B
Q1 25	$1.4B
Q2 25	$1.4B
Q3 25	$1.5B
Q4 25	$1.4B

Revenue Segments

Quarter	Product Five	Product Four	Product One	Product Seven	Product Six	Product Three	Product Two
Q1 22	$811M	$761M	$3.0B	$388M	$376M	$1.2B	$1.3B
Q2 22	$895M	$938M	$3.3B	$477M	$431M	$1.3B	$1.5B
Q3 22	$916M	$959M	$3.2B	$479M	$441M	$1.4B	$1.5B
Q4 22	$914M	$906M	$2.9B	$496M	$483M	$1.4B	$1.4B
Q1 23	$880M	$935M	$2.8B	$444M	$461M	$1.4B	$1.6B
Q2 23	$921M	$940M	$3.0B	$498M	$502M	$1.5B	$1.6B
Q3 23	$903M	$927M	$3.1B	$509M	$516M	$1.5B	$1.6B
Q1 24	$864M	$927M	$3.0B	$508M	$509M	$1.6B	$1.6B
Q2 24	$922M	$1.0B	$3.3B	$563M	$558M	$1.6B	$1.7B
Q3 24	$910M	$1.1B	$3.4B	$551M	$560M	$1.6B	$1.7B
Q1 25	$861M	$1.1B	$3.2B	$460M	$548M	$1.6B	$1.6B
Q2 25	$971M	$1.1B	$3.6B	$493M	$600M	$1.7B	$1.7B
Q3 25	$898M	$1.1B	$3.7B	$509M	$610M	$1.7B	$1.7B
Q4 25	$901M	$985M	$3.5B	$485M	$580M	$1.7B	$1.7B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$190M	$0	$190M
Q2 22	$197M	$0	$197M
Q3 22	$366M	$0	$366M
Q4 22	$211M	$0	$211M
Q1 23	$292M	$0	$292M
Q2 23	$379M	$0	$379M
Q3 23	$346M	$0	$346M
Q4 23	$269M	$0	$269M
Q1 24	$267M	$0	$267M
Q2 24	$405M	$0	$405M
Q3 24	$81M	$0	$81M
Q4 24	$59M	$0	$59M
Q1 25	$101M	$0	$101M
Q2 25	$61M	$0	$61M
Q3 25	$56M	$0	$56M
Q4 25	$41M	$0	$41M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	223M	-1.2%	+0.9%
Q2 22	226M	+1.3%	+0.4%
Q3 22	251M	+11.1%	+11.6%
Q4 22	227M	-9.6%	+0.6%
Q1 23	252M	+11.0%	+13.0%
Q2 23	251M	-0.4%	+11.1%
Q3 23	249M	-0.8%	-0.8%
Q4 23	248M	-0.3%	+9.3%
Q1 24	248M	-0.1%	-1.6%
Q2 24	248M	0.0%	-1.2%
Q3 24	244M	-1.6%	-2.0%
Q4 24	236M	-3.4%	-5.0%
Q1 25	234M	-0.7%	-5.6%
Q2 25	234M	-0.2%	-5.8%
Q3 25	228M	-2.2%	-6.4%
Q4 25	225M	-1.4%	-4.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$278.5K	28K
Q2 22	$315.3K	28K
Q3 22	$318.5K	28K
Q4 22	$293.6K	29K
Q1 23	$294.6K	29K
Q2 23	$310.8K	29K
Q3 23	$314.0K	29K
Q4 23	$297.9K	30K
Q1 24	$298.3K	30K
Q2 24	$323.6K	30K
Q3 24	$324.3K	30K
Q4 24	$316.4K	30K
Q1 25	$311.7K	30K
Q2 25	$336.1K	30K
Q3 25	$339.7K	30K
Q4 25	$326.7K	30K

Revenue / Employee