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USFD

US Foods Holding Corp.

USFD

US Foods Holding Corp. • NYSE
$78.67 ▼ -0.03% (-0.02)
Market Cap $17.55 B
52w High $85.11
52w Low $57.36
Dividend Yield 0%
P/E 32.78
Volume 962.96K
Outstanding Shares 223.11M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $10.191B ▲ $1.471B ▲ $153M ▼ 1.501% ▼ $0.68 ▼ $400M ▼
Q2-2025 $10.082B ▲ $1.405B ▲ $224M ▲ 2.222% ▲ $0.97 ▲ $489M ▲
Q1-2025 $9.351B ▼ $1.39B ▲ $115M ▲ 1.23% ▲ $0.5 ▲ $337M ▲
Q4-2024 $9.491B ▼ $1.364B ▼ $66M ▼ 0.695% ▼ $0.28 ▼ $278M ▼
Q3-2024 $9.728B $1.388B $148M 1.521% $0.61 $390M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $56M ▼ $14.044B ▲ $9.573B ▲ $4.471B ▼
Q2-2025 $61M ▼ $13.79B ▲ $9.164B ▲ $4.626B ▲
Q1-2025 $101M ▲ $13.651B ▲ $9.035B ▲ $4.616B ▲
Q4-2024 $59M ▼ $13.436B ▼ $8.908B ▲ $4.528B ▼
Q3-2024 $81M $13.475B $8.869B $4.606B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $153M ▼ $351M ▲ $-115M ▼ $-241M ▲ $-5M ▲ $236M ▼
Q2-2025 $224M ▲ $334M ▼ $-75M ▲ $-299M ▼ $-40M ▼ $257M ▼
Q1-2025 $115M ▲ $391M ▲ $-130M ▼ $-219M ▼ $42M ▲ $307M ▲
Q4-2024 $66M ▼ $283M ▲ $-105M ▼ $-199M ▲ $-21M ▲ $178M ▼
Q3-2024 $148M $270M $-79M $-515M $-324M $190M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product Five
Product Five
 $1.79Bn ▲$860.00M ▼$970.00M ▲$900.00M ▼
Product Four
Product Four
 $2.05Bn ▲$1.06Bn ▼$1.10Bn ▲$1.08Bn ▼
Product One
Product One
 $6.60Bn ▲$3.21Bn ▼$3.55Bn ▲$3.70Bn ▲
Product Seven
Product Seven
 $1.08Bn ▲$460.00M ▼$490.00M ▲$510.00M ▲
Product Six
Product Six
 $1.09Bn ▲$550.00M ▼$600.00M ▲$610.00M ▲
Product Three
Product Three
 $3.26Bn ▲$1.60Bn ▼$1.68Bn ▲$1.69Bn ▲
Product Two
Product Two
 $3.33Bn ▲$1.62Bn ▼$1.69Bn ▲$1.71Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, showing that US Foods is capturing more business as the foodservice market has recovered and expanded after the pandemic. Profitability has improved meaningfully over this period: the company moved from losses to consistent profits, with better gross margins and stronger operating income. That said, this is still a low-margin distribution business, and profit growth has started to level off more recently, suggesting that future gains will likely come more from efficiency, mix, and pricing discipline than from easy post‑pandemic recovery. Overall, the income statement shows a mature distributor that has largely repaired its earnings profile and is now focused on incremental margin expansion rather than dramatic profit swings.

Balance Sheet

Balance Sheet The balance sheet shows a large but fairly stable asset base, which fits a national distributor with extensive warehouses, trucks, and inventory. Debt remains significant, but it has generally trended down from earlier peaks, while shareholders’ equity has grown gradually. This points to a slow but steady strengthening of the company’s financial foundation. Cash on hand is very modest relative to the size of the business, which is typical for distributors that rely on revolving credit and rapid inventory turnover, but it does mean the company depends on continued access to financing and disciplined working capital management. Overall leverage still matters as a risk factor, but it looks more controlled than a few years ago.

Cash Flow

Cash Flow Cash generation has improved noticeably over time. Operating cash flow has grown in line with better earnings, and free cash flow has become larger and more consistent, even after funding ongoing investments in facilities, vehicles, and technology. Capital spending has increased gradually but remains measured, suggesting the company is investing enough to support growth and digital initiatives without stretching its finances. Stronger and more predictable free cash flow gives US Foods flexibility to manage debt, pursue acquisitions, and invest in its technology platform, while also providing a buffer against the natural volatility of the restaurant and hospitality sectors.

Competitive Edge

Competitive Edge US Foods holds a strong position as one of the largest foodservice distributors in the country, benefiting from national scale, a broad product catalog, and an extensive logistics network. Its clear strategic focus on independent restaurants—rather than just large chains—helps it tap into a fragmented and often more profitable customer base. The company’s MOXē digital platform and technology-enabled services create switching costs for customers who embed these tools into their daily operations. Private-label and exclusive brands deepen customer relationships and support margins by offering differentiated products competitors cannot easily match. However, the industry remains intensely competitive, with large rivals like Sysco and Performance Food Group pushing hard on both price and technology, so maintaining this edge requires continuous execution and innovation.

Innovation and R&D

Innovation and R&D Innovation at US Foods is centered on digital tools, data, and differentiated products rather than traditional lab-style research and development. The MOXē e-commerce and operations platform, with AI-driven search, analytics, and real-time delivery tracking, aims to become the operating system for independent restaurants, embedding US Foods in their ordering and planning workflows. The Pronto small‑truck delivery service addresses the needs of restaurants that require frequent, flexible deliveries, especially in urban markets. On the product side, a strong portfolio of exclusive and “better for you” private-label brands, such as the Serve You line and clean-label initiatives, provides both customer appeal and margin support. The company also uses acquisitions to extend its reach and capabilities, while the review of its CHEF’STORE retail business indicates a willingness to refine its portfolio and refocus capital on areas with the strongest strategic fit. The main risk is execution: technology, integration, and service levels must all stay high to keep these innovations translating into real competitive advantage.

Summary

US Foods today looks like a scaled, steadily improving distributor that has successfully moved past the worst of the pandemic shock and rebuilt a more durable earnings base. Revenue and profits have trended upward, free cash flow is solid, and the balance sheet, while still leveraged, has gradually strengthened. The company’s real differentiation comes from its combination of national scale, deep focus on independent restaurants, a growing portfolio of exclusive brands, and a sophisticated digital platform that ties customers into its ecosystem. Key opportunities lie in further digital adoption, continued margin improvement from private labels and operational efficiencies, and smart use of acquisitions and asset sales to sharpen the portfolio. Key risks include intense industry competition, the inherently thin margins of food distribution, sensitivity to restaurant demand, and the need to keep investing in technology and service quality to maintain its edge. Overall, the trend is one of measured, technology‑enabled improvement rather than dramatic transformation, with execution discipline likely to be the main driver of future performance.

NEWS

November 25, 2025 · 6:45 AM UTC

US Foods to Present at the 2025 Morgan Stanley Global Consumer & Retail Conference

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November 24, 2025 · 6:00 AM UTC

US Foods and Performance Food Group Terminate Information Sharing Process

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November 6, 2025 · 6:45 AM UTC

US Foods Reports Third Quarter Fiscal Year 2025 Earnings

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October 16, 2025 · 6:45 AM UTC

US Foods to Host Third Quarter 2025 Financial Results Conference Call and Webcast

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September 16, 2025 · 6:45 AM UTC

Performance Food Group Enters into Information Sharing Arrangement with US Foods

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