greeksoup/ stock research
Stock research / United States / CHEF · Wholesale-Groceries, General Line · Nasdaq

Chefs' Warehouse, Inc. (CHEF)

Compare with another name

Chefs' Warehouse, Inc. (CHEF) reported revenue of $1.2 billion for Q2 FY2026, the quarter ended 26 June 2026, up 12.9% on the same quarter a year earlier. Net income was $34 million, up 59.0% on the year, and diluted earnings per share $0.76. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue$1.2 billionup 12.9%
Net income$34 millionup 59.0%
Diluted EPS$0.76
QuarterQ2 FY2026ended 26 June 2026

Chefs' Warehouse (CHEF) in brief

Chefs' Warehouse (CHEF) reported revenue of $4.1 billion for fiscal 2025, the year ended 26 December 2025, up 9.4% on the year before.
Read moreNet income was $72 million and diluted earnings per share $1.68. Revenue was $3.8 billion in fiscal 2024, $3.4 billion in fiscal 2023, $2.6 billion in fiscal 2022 and $1.7 billion in fiscal 2021. Net income in the same years was $55 million, $35 million, $28 million and a loss of $5 million. Over the twelve months to 26 June 2026, Chefs' Warehouse reported revenue of $4.4 billion and net income of $92 million. Revenue grew 30.1% a year, compounded, over the five years to fiscal 2025. Chefs' Warehouse had 41 million shares outstanding at the latest filed count. At 26 June 2026 it carried $694 million of debt and $135 million of cash. At the close of 9 October 2026 the market cap of Chefs' Warehouse was $4.7 billion, 54.4 times its earnings over the last twelve months.

Ratios

From the filings

ROE14.2%
ROCE13.0%
Operating margin4.0%
Net margin2.1%
FCF margin2.9%
Interest cover4.30
Debt to equity1.07
Cash conversion1.76
Share count, 1 year0.1%
Sales CAGR, 3 years16.7%
Profit CAGR, 3 years37.6%
EPS, TTM$2.10

At the close of 9 October 2026

Price$114.26
Market cap$4.7 billion
Stock P/E54.41
Price to book7.19
EV / EBITDA22.45
Dividend yieldn/a
Market cap / sales1.06
52-week high$116.44
52-week low$56.12
Price, 1 year103.6%
Price CAGR, 3 years83.2%
Price CAGR, 5 years27.2%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Chefs' Warehouse, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
CHEFgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CHEF

Filings14 in twelve months: 7 current reports (8-K), about 4 results of operations; 1 shareholder vote; 1 officer or director change; 1 regulation FD disclosure
Planned insider sales9 Form 144 notices in twelve months, $36.4 million; latest 14 August 2026
Options tapeput/call 0.5 by open interest at the 9 October 2026 close; the straddle prices a 4.4% move to 16 October 2026
13F holders6 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading18 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.0 million shares short, 6.72 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue8829508749559311,0349511,0351,0211,1431,0591,169
Cost of revenue674722665726707783725781774866802876
Gross profit208229209229225251226254247277257293
Gross margin24%24%24%24%24%24%24%25%24%24%24%25%
SG&A180190190195193207203214208225224234
Operating income25.538.216.033.931.946.522.740.238.943.233.158.6
Operating margin3%4%2%4%3%4%2%4%4%4%3%5%
Interest expense11.412.113.211.711.712.010.310.710.510.110.49.4
Pre-tax income14.226.12.822.220.134.512.529.528.433.222.749.2
Tax rate48%39%30%30%30%31%18%28%33%35%24%31%
Net income7.316.01.915.514.123.910.321.219.121.717.433.8
Net margin1%2%0%2%2%2%1%2%2%2%2%3%
Diluted EPS$0.19$0.40$0.05$0.37$0.34n/a$0.25$0.49$0.44$0.50$0.40$0.76
Operating cash flow9.341.630.929.319.873.049.614.5-8.773.938.358.4
Capital expenditure12.022.317.116.18.08.412.310.011.08.17.79.2
Free cash flow-2.719.313.813.311.864.637.24.5-19.765.830.649.2
Buybacks0.00.05.05.00.07.40.010.05.0-0.010.00.0
Shares outstanding40m40m40m40m40m40m41m41m41m41m41m41m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue8331,0471,1931,3021,4451,5921,1121,7462,6133,4343,7944,1504,392
Cost of revenue6287788929721,0961,2058631,3551,9952,6192,8803,1453,317
Gross profit2052693013293493872483906198149141,0041,074
Gross margin24.6%25.7%25.3%25.3%24.2%24.3%22.3%22.4%23.7%23.7%24.1%24.2%24.5%
Selling, general and administrativen/an/an/an/a298330336379518705785850892
Operating income33.040.447.241.148.650.8-10310.885.7101128145174
Operating margin4.0%3.9%4.0%3.2%3.4%3.2%-9.2%0.6%3.3%2.9%3.4%3.5%4.0%
Interest expense8.213.041.622.720.718.320.917.643.845.548.741.640.4
Pre-tax income24.827.75.718.427.832.4-124-6.841.955.579.5104134
Income tax10.611.52.74.07.48.2-40.7-1.914.120.924.131.241.5
Effective tax rate42.8%41.5%46.7%22.0%26.7%25.3%n/an/a33.8%37.6%30.2%30.1%31.1%
Net income14.216.23.014.420.424.2-82.9-4.927.834.655.572.492.0
Net margin1.7%1.5%0.3%1.1%1.4%1.5%-7.5%-0.3%1.1%1.0%1.5%1.7%2.1%
Diluted EPS$0.57$0.63$0.12$0.54$0.70$0.81-$2.46-$0.13$0.73$0.88$1.32$1.68$2.10
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 †FY2015 †FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow9.837.738.931.545.145.042.9-19.923.161.6153129162
Capital expenditure24.221.716.612.319.816.17.038.845.857.449.541.436.0
Free cash flow-14.416.122.319.225.328.935.8-58.7-22.74.210487.8126
Free cash flow margin-1.7%1.5%1.9%1.5%1.7%1.8%3.2%-3.4%-0.9%0.1%2.7%2.1%2.9%
Cash from investing-23.7-129-35.8-42.4-33.7-44.2-68.0-49.0-232-179-49.8-46.8-41.6
Cash from financing-2.791.027.219.4-10.496.978.1-9.22539.0-38.5-76.2-81.4
Depreciation and amortisation3.16.07.18.510.313.319.822.024.332.940.653.758.5
Share-based compensation1.43.52.63.04.14.49.311.513.620.017.821.224.4
Buybacksn/an/an/an/an/an/an/an/a0.00.017.415.015.0
Diluted shares, weighted25m27m26m27m30m30m34m37m39m46m46m46m46m
Shares outstanding at period end25m26m26m28m30m30m37m38m39m40m40m41m41m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity147188194249309336345350402455538604648
Debt144274333318278392396393675713672650694
Operating lease liabilitiesn/an/an/an/an/a121109127151184187202198
Finance lease liabilitiesn/an/an/an/an/a3.211.48.28.116.537.688.9n/a
Other liabilities85.9118107121145162114195274337424483487
Total liabilities and equity3765806346887321,0149741,0741,5091,7051,8592,0282,026
Owned
Fixed assets47.954.362.268.485.392.8115134186235n/an/an/a
Goodwill78.5156164173184198215222287356356363363
Intangible assets50.5132131140130139112105156185160137126
Cash and equivalents3.32.532.941.542.414019311515949.9115121135
Receivables96.912412814216217596.4173260334366392396
Inventory75.592.887.510211312482.5144246285316386380
Other assets23.518.128.120.116.0145160181216261545629626
Total assets3765806346887321,0149741,0741,5091,7051,8592,0282,026
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded14.8%30.1%16.7%11.2%
Profit growth, compounded16.1%n/a37.6%32.2%
Return on equity, average3.2%7.1%10.0%12.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Chefs' Warehouse's revenue in fiscal 2025?

Chefs' Warehouse (CHEF) reported revenue of $4.1 billion for fiscal 2025, the year ended 26 December 2025, up 9.4% on the year before.

How much did Chefs' Warehouse earn in fiscal 2025?

Net income was $72 million for fiscal 2025, and diluted earnings per share $1.68.

What is Chefs' Warehouse's P/E ratio?

At the close of 9 October 2026, Chefs' Warehouse traded at 54.4 times its earnings over the twelve months to 26 June 2026.

What is Chefs' Warehouse's market cap?

The market cap of Chefs' Warehouse was $4.7 billion at the close of 9 October 2026.

How much debt does Chefs' Warehouse have?

At 26 June 2026 Chefs' Warehouse carried $694 million of debt and $135 million of cash.

Peers: Wholesale

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Performance Food Group Co. PFGC$14.8 billion41.437.3%1.3%7.2%1.02n/a
Avnet Inc. AVT$8.2 billion24.896.7%2.6%24.5%0.641.4%
Core & Main, Inc. CNM$7.8 billion16.6122.6%9.6%-0.5%1.20n/a
MSC Industrial Direct Co. Inc. MSM$7.2 billion31.2816.3%8.5%4.4%0.361.7%
Pool Corp. POOL$5.8 billion14.6831.7%10.8%2.2%1.063.1%
LKQ Corp. LKQ$5.5 billionn/an/an/an/a0.61n/a
Chefs' Warehouse, Inc. CHEF$4.7 billion54.4114.2%4.0%11.2%1.07n/a
Ashland Inc. ASH$3.2 billion61.942.7%7.4%-1.4%0.732.3%
DXP Enterprises Inc. DXPE$2.8 billion31.8617.2%8.8%11.5%1.51n/a
Hawkins Inc. HWKN$2.7 billion33.7014.7%10.7%9.3%0.450.6%
United Natural Foods Inc. UNFI$2.7 billion33.235.2%0.7%-2.0%0.96n/a
Resideo Technologies, Inc. REZI$2.6 billion7.5514.2%6.9%3.4%1.20n/a
All 39 in Wholesale
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
McKesson Corp. MCK$109.4 billion25.12n/a1.6%8.8%n/a0.3%
TE Connectivity plc TEL$63.2 billion21.4122.8%19.7%16.5%0.421.2%
Cencora, Inc. COR$61.8 billion24.0686.0%0.9%5.1%3.840.7%
W.W. Grainger, Inc. GWW$60.8 billion32.8945.3%14.6%7.8%0.580.7%
Cardinal Health Inc. CAH$55.3 billion32.81n/a1.0%14.2%n/a0.9%
Ferguson Enterprises Inc. FERG$42.6 billion24.4228.5%8.2%3.4%0.721.6%
Sysco Corp. SYY$37.4 billion21.3565.9%3.7%3.9%4.622.8%
TD Synnex Corp. SNX$21.8 billion16.6614.3%2.7%24.1%0.390.6%
US Foods Holding Corp. USFD$21.1 billion29.9817.0%3.1%3.8%1.19n/a
Reliance, Inc. RS$20.5 billion23.4012.1%7.8%15.4%0.221.2%
Wesco International Inc. WCC$17.8 billion25.2713.6%5.4%12.5%1.13n/a
Genuine Parts Co. GPC$17.5 billion508.120.7%3.7%5.5%0.883.2%
Performance Food Group Co. PFGC$14.8 billion41.437.3%1.3%7.2%1.02n/a
Applied Industrial Technologies Inc. AIT$12.3 billion30.6022.3%11.1%8.8%0.140.6%
Arrow Electronics, Inc. ARW$11.6 billion14.5611.6%3.4%26.1%0.29n/a
Watsco Inc. WSO$10.7 billion23.9915.9%9.4%-3.0%0.044.2%
Dominos Pizza Inc. DPZ$10.2 billion17.82n/a19.6%6.2%n/a2.2%
Henry Schein Inc. HSIC$9.4 billion24.5012.8%5.0%6.5%0.73n/a
Avnet Inc. AVT$8.2 billion24.896.7%2.6%24.5%0.641.4%
Core & Main, Inc. CNM$7.8 billion16.6122.6%9.6%-0.5%1.20n/a
MSC Industrial Direct Co. Inc. MSM$7.2 billion31.2816.3%8.5%4.4%0.361.7%
Pool Corp. POOL$5.8 billion14.6831.7%10.8%2.2%1.063.1%
LKQ Corp. LKQ$5.5 billionn/an/an/an/a0.61n/a
Chefs' Warehouse, Inc. CHEF$4.7 billion54.4114.2%4.0%11.2%1.07n/a
Ashland Inc. ASH$3.2 billion61.942.7%7.4%-1.4%0.732.3%
DXP Enterprises Inc. DXPE$2.8 billion31.8617.2%8.8%11.5%1.51n/a
Hawkins Inc. HWKN$2.7 billion33.7014.7%10.7%9.3%0.450.6%
United Natural Foods Inc. UNFI$2.7 billion33.235.2%0.7%-2.0%0.96n/a
Resideo Technologies, Inc. REZI$2.6 billion7.5514.2%6.9%3.4%1.20n/a
Boise Cascade Co. BCC$2.6 billion24.995.2%2.5%-1.5%0.221.2%
Central Garden & PET Co. CENT$2.5 billion15.169.5%8.1%-1.2%0.68n/a
Eplus Inc. PLUS$2.4 billionn/an/an/an/a0.000.8%
PC Connection Inc. CNXN$2.3 billion24.5610.1%3.9%3.2%0.000.4%
Andersons, Inc. ANDE$2.2 billion12.3513.4%n/a-5.2%0.431.2%
Central Garden & PET Co. CENTA$2.2 billion13.079.5%8.1%-1.2%0.68n/a
Vestis Corp. VSTS$1.9 billionn/a-0.6%3.6%-0.4%1.240.2%
World Kinect Corp. WKC$1.9 billionn/a-14.3%-0.1%7.6%0.592.1%
Scansource, Inc. SCSC$1.2 billion16.648.7%3.1%6.1%0.11n/a
Universal Corp. UVV$1.0 billion56.011.4%4.9%-3.6%0.447.8%
2 companies share its SEC industry code (Wholesale-Groceries, General Line); the rest are the names nearest in size in its wider industry, Wholesale, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q26 June 202629 July 2026EDGAR
10-Q27 March 202629 April 2026EDGAR
10-K26 December 202524 February 2026EDGAR
10-Q26 September 202529 October 2025EDGAR
10-Q27 June 202530 July 2025EDGAR
10-Q28 March 202530 April 2025EDGAR
10-K27 December 202425 February 2025EDGAR
10-Q27 September 202430 October 2024EDGAR
10-Q28 June 202431 July 2024EDGAR
10-Q29 March 20241 May 2024EDGAR

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install