CHEF · Chefs' Warehouse, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.06B | - | $1.02B | $1.03B | $950.75M | - | $931.45M | $954.70M | $874.49M | - |
| Cost of Revenue | $801.64M | - | $774.13M | $780.57M | $724.75M | - | $706.70M | $725.70M | $665.05M | - |
| Gross Profit | $257.37M | - | $247.19M | $254.34M | $226.00M | - | $224.75M | $229.00M | $209.44M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $224.15M | - | $208.13M | $213.75M | $202.76M | - | $192.89M | $194.83M | $190.32M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $14.79M | - | - | - | $12.24M | - | - | - | $9.23M | - |
| Operating Income | $33.13M | - | $38.94M | $40.22M | $22.73M | - | $31.88M | $33.87M | $16.00M | - |
| Interest Expense | $10.40M | - | $10.54M | $10.71M | $10.25M | - | $11.74M | $12.01M | $13.24M | - |
| Income Tax | $5.37M | - | $9.25M | $8.26M | $2.19M | - | $6.04M | $6.65M | $828.0K | - |
| Net Income | $17.37M | - | $19.15M | $21.24M | $10.29M | - | $14.10M | $15.52M | $1.93M | - |
| EPS - Basic | $0.45 | - | $0.50 | $0.55 | $0.27 | - | $0.37 | $0.41 | $0.05 | - |
| EPS - Diluted | $0.40 | - | $0.44 | $0.49 | $0.25 | - | $0.34 | $0.37 | $0.05 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $122.71M | $120.98M | $65.06M | $96.87M | $116.53M | $114.66M | $50.70M | $38.34M | $42.27M | $49.88M |
| Accounts Receivable | $377.35M | $392.37M | $347.52M | $350.75M | $335.85M | $366.31M | $334.36M | $323.43M | $313.10M | $334.01M |
| Inventory | $364.04M | $385.72M | $385.39M | $367.90M | $316.85M | $316.01M | $336.29M | $310.36M | $271.79M | $284.53M |
| Accounts Payable | $233.03M | $275.62M | $227.88M | $278.90M | $249.54M | $266.77M | $232.15M | $220.39M | $183.00M | $200.55M |
| Current Assets | $930.93M | $969.89M | $868.98M | $883.45M | $835.02M | $868.04M | $792.31M | $740.55M | $692.69M | $730.94M |
| Total Assets | $1.99B | $2.03B | $1.92B | $1.91B | $1.84B | $1.86B | $1.77B | $1.72B | $1.67B | $1.71B |
| Current Liabilities | $427.74M | $473.46M | $405.74M | $439.87M | $407.26M | $425.40M | $429.11M | $399.53M | $359.87M | $385.78M |
| Long-term Debt | $720.90M | $720.33M | $711.74M | $690.22M | $681.08M | $688.74M | $666.56M | $660.76M | $667.29M | $664.80M |
| Total Liabilities | $1.38B | $1.42B | $1.34B | $1.35B | $1.30B | $1.32B | $1.29B | $1.25B | $1.22B | $1.25B |
| Stockholders' Equity | $608.63M | $604.31M | $576.64M | $557.72M | $541.64M | $537.65M | $480.35M | $461.88M | $447.79M | $454.67M |
| Retained Earnings | $210.59M | $201.65M | $179.96M | $165.02M | $152.23M | $141.94M | $123.87M | $117.41M | $101.88M | $99.95M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $38.26M | - | - | - | $49.57M | - | - | - | $30.90M | - |
| Investing Cash Flow | ($7.70M) | - | - | - | ($12.34M) | - | - | - | ($17.38M) | - |
| Financing Cash Flow | ($28.78M) | - | - | - | ($35.41M) | - | - | - | ($21.25M) | - |
| CapEx | $7.70M | - | - | - | $12.34M | - | - | - | $17.07M | - |
| Free Cash Flow | $30.56M | - | - | - | $37.22M | - | - | - | $13.83M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 24.3% | - | 24.2% | 24.6% | 23.8% | - | 24.1% | 24.0% | 23.9% | - |
| Operating margin | 3.1% | - | 3.8% | 3.9% | 2.4% | - | 3.4% | 3.5% | 1.8% | - |
| EBITDA margin | 4.5% | - | - | - | 3.7% | - | - | - | 2.9% | - |
| Net margin | 1.6% | - | 1.9% | 2.1% | 1.1% | - | 1.5% | 1.6% | 0.2% | - |
| Free cash flow margin | 2.9% | - | - | - | 3.9% | - | - | - | 1.6% | - |
| FCF / Net income | 1.76 | - | - | - | 3.62 | - | - | - | 7.16 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 21.2% | - | 20.4% | 20.7% | 21.3% | - | 20.7% | 20.4% | 21.8% | - |
| Effective tax rate | 23.6% | - | 32.6% | 28.0% | 17.6% | - | 30.0% | 30.0% | 30.0% | - |
| Return on assets | 0.9% | - | 1.0% | 1.1% | 0.6% | - | 0.8% | 0.9% | 0.1% | - |
| Return on equity | 2.9% | - | 3.3% | 3.8% | 1.9% | - | 2.9% | 3.4% | 0.4% | - |
| Return on invested capital | 1.9% | - | 2.0% | 2.3% | 1.5% | - | 1.9% | 2.1% | 1.0% | - |
| Liquidity | ||||||||||
| Current ratio | 2.18 | 2.05 | 2.14 | 2.01 | 2.05 | 2.04 | 1.85 | 1.85 | 1.92 | 1.89 |
| Quick ratio | 1.33 | 1.23 | 1.19 | 1.17 | 1.27 | 1.30 | 1.06 | 1.08 | 1.17 | 1.16 |
| Cash ratio | 0.29 | 0.26 | 0.16 | 0.22 | 0.29 | 0.27 | 0.12 | 0.10 | 0.12 | 0.13 |
| Leverage | ||||||||||
| Debt / Equity | 1.18 | 1.19 | 1.23 | 1.24 | 1.26 | 1.28 | 1.39 | 1.43 | 1.49 | 1.46 |
| Debt / Assets | 0.36 | 0.36 | 0.37 | 0.36 | 0.37 | 0.37 | 0.38 | 0.39 | 0.40 | 0.39 |
| Debt / EBITDA | 15.04 | - | - | - | 19.47 | - | - | - | 26.44 | - |
| Interest coverage | 3.2x | - | 3.7x | 3.8x | 2.2x | - | 2.7x | 2.8x | 1.2x | - |
| Equity multiplier | 3.27 | 3.36 | 3.32 | 3.42 | 3.39 | 3.46 | 3.69 | 3.71 | 3.73 | 3.75 |
| Liabilities / Assets | 0.69 | 0.70 | 0.70 | 0.71 | 0.71 | 0.71 | 0.73 | 0.73 | 0.73 | 0.73 |
| Efficiency | ||||||||||
| Asset turnover | 0.53 | - | 0.53 | 0.54 | 0.52 | - | 0.53 | 0.56 | 0.52 | - |
| Inventory turnover | 2.20 | - | 2.01 | 2.12 | 2.29 | - | 2.10 | 2.34 | 2.45 | - |
| Days sales outstanding | 130d | - | 124d | 124d | 129d | - | 131d | 124d | 131d | - |
| Days inventory outstanding | 166d | - | 182d | 172d | 160d | - | 174d | 156d | 149d | - |
| Days payable outstanding | 106d | - | 107d | 130d | 126d | - | 120d | 111d | 100d | - |
| Cash conversion cycle | 190d | - | 198d | 165d | 163d | - | 185d | 169d | 179d | - |
| Valuation | ||||||||||
| P / E | 148.8x | - | 133.0x | 129.7x | 213.9x | - | 122.9x | 105.7x | 753.2x | - |
| P / B | 4.5x | - | 4.6x | 5.2x | 4.6x | - | 4.0x | 3.9x | 3.2x | - |
| P / S | 2.6x | - | 2.6x | 2.8x | 2.6x | - | 2.1x | 1.9x | 1.7x | - |
| EV / EBITDA | 69.7x | - | - | - | 86.6x | - | - | - | 82.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 11.4% | - | 9.6% | 8.4% | 8.7% | - | 5.6% | 8.3% | 21.5% | - |
| Revenue CAGR (3y) | 13.7% | - | - | 16.1% | 22.9% | - | 24.4% | 31.2% | 46.1% | - |
| Revenue CAGR (5y) | 30.5% | - | 32.1% | 38.9% | 20.4% | - | 18.6% | 18.3% | 19.6% | - |
| Gross profit growth (YoY) | 13.9% | - | 10.0% | 11.1% | 7.9% | - | 8.2% | 9.9% | 23.4% | - |
| Operating income growth (YoY) | 45.7% | - | 22.1% | 18.7% | 42.1% | - | 24.8% | 33.7% | 34.5% | - |
| Net income growth (YoY) | 68.8% | - | 35.8% | 36.8% | 432.8% | - | 92.5% | 57.3% | 37.8% | - |
| EPS growth (YoY) | 60.0% | - | 29.4% | 32.4% | 400.0% | - | 78.9% | 48.0% | 25.0% | - |
| EPS CAGR (3y) | 115.4% | - | - | 32.6% | 84.2% | - | 55.7% | 131.0% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | 17.8% | 7.3% | 4.6% | - |
| FCF growth (YoY) | -17.9% | - | - | - | 169.1% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | 14.5% | - | - | - | 33.5% | - |
| Book value growth (YoY) | 12.4% | 12.4% | 20.0% | 20.7% | 21.0% | 18.2% | 10.5% | 9.2% | 10.3% | 13.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-26.
Business segments
$4.15B totalFoodservice Distribution$4.15B · 100.0%
Product / service
$6.69B totalTotal Specialty$2.54B · 38.0%
Center Of The Plate Product$1.61B · 24.0%
Dry Goods Product$656.79M · 9.8%
Pastry Product$562.30M · 8.4%
Produce$516.61M · 7.7%
Dairy And Eggs Product$296.84M · 4.4%
Cheese And Charcuterie Product$292.68M · 4.4%
Oils And Vinegar Product$135.55M · 2.0%
Kitchen Supplies Product$79.96M · 1.2%
Geographic
$4.15B totalUS$3.76B · 90.6%
Non Us$391.64M · 9.4%
Peer comparison
Same SIC group: Wholesale-Groceries, General Line
Comparing Chefs' Warehouse against the 5 most active filers in the same SIC group.