Chefs' Warehouse vs United Natural Foods
United Natural Foods is the larger business, with $31.15bn of revenue in fiscal 2026 against $4.15bn for Chefs' Warehouse (7.5 times as much). Chefs' Warehouse grew faster (9.4% against -2.0%). Chefs' Warehouse kept more of each dollar of sales as profit: a net margin of 1.7% against 0.3%. United Natural Foods carries less debt relative to equity (97.7% against 123.9%).
| Latest fiscal year | Chefs' WarehouseCHEF, 2025 | United Natural FoodsUNFI, 2026 |
|---|---|---|
| Revenue | $4.15bn | $31.15bn |
| Revenue growth | 9.4% | -2.0% |
| Net income | $72.4m | $84.0m |
| Operating margin | 3.5% | 0.7% |
| Net margin | 1.7% | 0.3% |
| Return on equity | 12.7% | 5.3% |
| Free cash flow | $87.8m | $323m |
| Cash | $121m | $37.0m |
| Total debt | $749m | $1.58bn |
| Debt to equity | 123.9% | 97.7% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $15.0m | $50.0m |
| Employees | — | — |
| Market value | $4.14bn | $2.74bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 27 (Weak) | 32 (Weak) |
| Insider trades, 12 months | 0 buys, 18 sales | 2 buys, 4 sales |