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Chefs' Warehouse vs HF Foods Group

Chefs' Warehouse is the larger business, with $4.15bn of revenue in fiscal 2025 against $1.23bn for HF Foods Group (3.4 times as much). Chefs' Warehouse grew faster (9.4% against 2.2%). Chefs' Warehouse kept more of each dollar of sales as profit: a net margin of 1.7% against -3.2%. HF Foods Group carries less debt relative to equity (80.1% against 123.9%).

Latest fiscal yearChefs' WarehouseCHEF, 2025HF Foods GroupHFFG, 2025
Revenue $4.15bn $1.23bn
Revenue growth 9.4% 2.2%
Net income $72.4m −$38.8m
Operating margin 3.5% -2.7%
Net margin 1.7% -3.2%
Return on equity 12.7% -17.6%
Free cash flow $87.8m $6.6m
Cash $121m $8.6m
Total debt $749m $162m
Debt to equity 123.9% 80.1%
Dividend per share — —
Dividend yield — —
Share buybacks $15.0m —
Employees — 949
Market value $4.14bn $79.8m
Price vs our value range Within our value range —
Moat score 27 (Weak) 32 (Weak)
Insider trades, 12 months 0 buys, 18 sales 11 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.