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Aramark (ARMK) stock

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NYSE: ARMK NYSE Restaurants Next results ~November 16, 2026

C+ Fundamentals grade

Aramark is a US-listed company in the restaurants industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$11

Cash-flow model

Base case. Range ~$3.2–$22 across our lower- and higher-growth cases (7.2%–17.2% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 79% below it.

Price used: $54.24, November 2, 2026

Aramark valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Aramark files

Where Aramark stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $19.8bn, up 11.0% on a year earlier, faster than 10.2% a quarter earlier. Free-cash-flow margin held at 2.2%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 1 financial-health checks. Our cash-flow model value is $35.57 a share, against a share price of $56.13. At that price, our model says the market is pricing in about 20.9% a year of cash-flow growth for five years, faster than the 10.4% a year revenue growth it has delivered.

Source: 10-Q filed August 11, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 16, 2026 (estimated)

Aramark's trailing-twelve-month revenue grew 11.0% year on year, with a free-cash-flow margin of 2.2%. Where it stands out: stock pay as % of revenue of 0.3% ranks 6 of 40 restaurants companies we cover.

Our discounted-cash-flow model values the business at ~$11 per share in the base case (~$3.2–$22 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 54.2% while net income grew 5.9%: a 48pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Aramark's latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 10 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $54.24 is 79% above our value per share of $11.
  • Gross margin slipping. Gross margin is down 5.1 points on a year ago.

Latest results: FY2026 Q3

Filed August 11, 2026
Earnings per share
$0.52 against an average estimate of $0.48: beat by 7.2%
Revenue
$5.06bn, up 9.3% on a year earlier
Share reaction
+8.3% in the first session after the results on August 11, 2026, against -0.1% for the S&P 500
Guidance given
organic Revenue growth growth 9% to 10% (Fiscal 2026); adjusted Operating Income (AOI) growth growth 12% to 17% (Fiscal 2026)
Next report
November 16, 2026; average EPS estimate $0.76

Aramark's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.5%
  • 1 week-0.3%
  • 1 month-2.4%
  • This year+48.2%
  • 1 year+44.7%
  • 5 years+109.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$19.8B
Operating margin
4.4%
Net margin
1.9%
EPS (TTM, diluted)
$1.43

Growth

Revenue growth
+11.0%
Change in growth rate
+0.9 pts
Share count change
−0.1%

Cash

Free cash flow (TTM)
$433M
FCF margin
2.2%
Stock pay % of revenue
0.3%

Earnings

Last results
August 11, 2026
Next results (est.)
November 10, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Results
  3. Guidance
  4. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Aramark valuation models and calculator

What the price is pricing in

The share price implies about 26.9% a year of cash-flow growth for five years.That is faster than the 10.4% a year revenue growth Aramark has delivered.

  • Priced in26.9%
  • Last 12 months11.0%
  • 3 years a year13.3%
  • 5 years a year10.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($54.09, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$11
Price used
$54.09close November 3, 2026
Implied change
▼ 79%
Uncertainty
Very high

How we got here: a discounted-cash-flow model of Aramark's free cash flow after stock-based pay with after-tax interest added back ($306M, FY2026 Q3 TTM), growing 9.4% and 11.1% in the next two years (forecasts, guidance and its record), then back to 12.2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$3.2–~$22 ; that spread sets a 45% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Aramark's free cash flow after stock-based pay ( $306M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Aramark as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.8 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$11 ~$3.2–$22 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$47 ~$41–$88 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$18 ~$13–$26 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$19 ~$16–$24 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$21 ~$11–$47 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Aramark with Restaurants in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −47%
  • Revenue growth 5 points higher ▲ +61%
  • Free-cash-flow margin 1 point lower ▼ −87%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −29%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% —$1$9$20$33$51
8.5% ——$1$9$19$31
10% ———$2$10$19

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$24.39$26.34$28.20$28.57$18.56$24.40$21.54$24.23$37.63$38.59$54.24
Market value$6.1bn$6.6bn$7.1bn$7.2bn$4.7bn$6.2bn$5.6bn$6.4bn$10.0bn$10.3bn$14.5bn
+ Net debt (− = net cash)$5.1bn$5.0bn$7.0bn$6.4bn$6.8bn$6.9bn$7.1bn$6.3bn$4.6bn$4.8bn$5.6bn
Enterprise value$11.2bn$11.7bn$14.2bn$13.6bn$11.4bn$13.1bn$12.7bn$12.7bn$14.6bn$15.1bn$20.1bn
Multiples
Price / sales 0.4x0.5x0.5x0.4x0.4x0.5x0.4x0.4x0.6x0.6x0.7x
Price / earnings 21.1x17.7x12.6x16.0x——28.7x9.4x38.2x31.6x37.9x
Price / free cash flow 17.1x13.3x16.9x15.0x—24.9x14.6x16.6x33.5x23.9x33.5x
EV / EBITDA 9.0x8.9x10.0x9.2x34.6x17.7x15.6x12.3x12.8x11.9x14.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

45 /100

Moderate moat

How hard Aramark's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Cash operating profit has been a median 10.1% of total assets over 7 years.

  • Pricing power 8 / 20

    Gross margin has been a median 10.0%, moving by 2.0 percentage points (standard deviation) across 8 years.

  • Durability 0 / 20

    Operating margin has been a median 4.2%; its worst year was -0.3%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 9 of 10 years, at a median 1.8% of revenue.

  • Discipline 15 / 20

    The diluted share count rose 5.5% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 16, 2026, before the open. Analysts expect revenue of $5.3bn and EPS of $0.76 (range $0.70 to $0.84) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.28 +25% $20.1bn +9%
Next $2.81 +23% $21.9bn +9%

Next year's EPS estimate has moved +4.1% in 90 days, across 14 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.2% on 90 days ago. In the last 30 days, 1 analyst raised Aramark's forecast and 1 cut it.

Consensus EPS forecast Aramark, last 90 days
$2.20 $2.40 $2.60 $2.80 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.25 Current fiscal year, 60 days ago: $2.28 Current fiscal year, 30 days ago: $2.28 Current fiscal year, 7 days ago: $2.28 Current fiscal year, Now: $2.28 $2.28 Next fiscal year, 90 days ago: $2.70 Next fiscal year, 60 days ago: $2.80 Next fiscal year, 30 days ago: $2.82 Next fiscal year, 7 days ago: $2.81 Next fiscal year, Now: $2.81 $2.81

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.25$2.70
60 days ago $2.28$2.80
30 days ago $2.28$2.82
7 days ago $2.28$2.81
Now $2.28$2.81

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.48 $0.52 +7.2%
Mar 2026 $0.48 $0.49 +2.7%
Dec 2025 $0.51 $0.51 +0.3%
Sept 2025 $0.65 $0.57 −12.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 11, 2026
  • Organic Revenue growth Fiscal 2026 9% growth to 10% growth Non-GAAP Raised
    “Organic Revenue growth of +9% to +10%;” source
  • Adjusted EPS growth Fiscal 2026 20% growth to 25% growth Non-GAAP Maintained
    “Adjusted EPS growth of +20% to +25% ; and” source
  • Adjusted Operating Income (AOI) growth Fiscal 2026 12% growth to 17% growth Non-GAAP Maintained
    “Adjusted Operating Income (AOI) growth of +12% to +17% ;” source
  • Leverage Ratio Fiscal 2026 about 3 Non-GAAP Maintained
    “Leverage Ratio under 3x” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Aramark's revenue by +9.4% next year and +11.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.2%, weight 69%) and the company's own record (+12.2%, weight 31%) . How the weights are set.

Analyst recommendations

16 analysts, Oct 2026
Buy1488%
Hold16%
Sell16%

Monthly trend

  1. Oct 202631116
  2. Sep 202631116
  3. Aug 202631116
  4. Jul 202631116

Counts of recommendations published by analysts covering Aramark, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.0%
of tradable shares
Days to cover
3.46
at average volume
Short interest, 1 month
−4%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.7%
of shares
Employees
278,390
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +44.7%

$37.48 on October 31, 2025 to $54.24

ThenNowEffect
Revenue (last 12 months) $17.9bn $19.8bn +11.0%
Net margin 2.0% 1.9% −4.6%
P/E multiple 27.7x 37.9x +36.6%
Share count 268m 267m +0.1%

Biggest factor: p/e multiple.

Last 3 years +97.8%

$27.42 on November 3, 2023 to $54.24

ThenNowEffect
Revenue (last 12 months) $13.6bn $19.8bn +45.6%
Net margin 4.0% 1.9% −51.7%
P/E multiple 13.2x 37.9x +187.2%
Share count 262m 267m −2.1%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ARMK−3%+14%−5%+34%−0%+48%
Industry peers (median)+16%−17%+16%−1%−10%+2%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ARMK42%50%50%75%33%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ARMK−25%−25%−26%−12%−23%−16%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 72% from January 22, 2020 to March 18, 2020. Getting back needed a 261% gain, reached on January 13, 2023, 1031 days after the low.

Price behaviour

52-week range
$35.66 – $62.27
From 52-week high
−12.9%
vs 50-day average
−3.1%
vs 200-day average
+8.4%
Volatility (1 year)
27%
Beta vs S&P 500
0.64

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±5.6%
After a week
7 up, 5 down
typical move ±6.4%
After a month
8 up, 4 down
typical move ±7.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 11, 2026 +8.3% −0.1% +8.6% +2.1%
May 12, 2026 +13.9% +0.4% +15.7% +22.7%
February 10, 2026 +8.7% −0.3% +3.8% +3.4%
November 17, 2025 −3.5% −1.8% −0.9% −0.4%
August 5, 2025 −8.4% +0.3% −8.1% −9.0%
May 6, 2025 +11.8% −0.4% +15.0% +16.5%
February 4, 2025 −1.5% +1.1% −2.3% −7.3%
November 12, 2024 +1.1% −0.3% −2.6% +4.7%
August 6, 2024 +1.8% +0.2% +7.5% +13.3%
May 7, 2024 +0.8% +0.1% +6.8% +3.7%
February 6, 2024 −1.8% +1.1% +3.1% +7.8%
November 14, 2023 −5.2% +2.2% −2.2% −3.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Aramark’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Aramark in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Aramark
$16B $17B $18B $19B $20B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $16.1B Revenue (TTM), FY24 Q1: $16.6B Revenue (TTM), FY24 Q2: $16.9B Revenue (TTM), FY24 Q3: $17.2B Revenue (TTM), FY24 Q4: $17.4B Revenue (TTM), FY25 Q1: $17.5B Revenue (TTM), FY25 Q2: $17.6B Revenue (TTM), FY25 Q3: $17.9B Revenue (TTM), FY25 Q4: $18.5B Revenue (TTM), FY26 Q1: $18.8B Revenue (TTM), FY26 Q2: $19.4B Revenue (TTM), FY26 Q3: $19.8B $19.8B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $16.1B
FY24 Q1 $16.6B
FY24 Q2 $16.9B
FY24 Q3 $17.2B
FY24 Q4 $17.4B
FY25 Q1 $17.5B
FY25 Q2 $17.6B
FY25 Q3 $17.9B
FY25 Q4 $18.5B
FY26 Q1 $18.8B
FY26 Q2 $19.4B
FY26 Q3 $19.8B
Revenue growth, TTM YoY Aramark
0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 17.5% Revenue growth, TTM YoY, FY24 Q1: 21.4% Revenue growth, TTM YoY, FY24 Q2: 23.0% Revenue growth, TTM YoY, FY24 Q3: 26.0% Revenue growth, TTM YoY, FY24 Q4: 8.2% Revenue growth, TTM YoY, FY25 Q1: 5.8% Revenue growth, TTM YoY, FY25 Q2: 4.5% Revenue growth, TTM YoY, FY25 Q3: 4.0% Revenue growth, TTM YoY, FY25 Q4: 6.4% Revenue growth, TTM YoY, FY26 Q1: 7.1% Revenue growth, TTM YoY, FY26 Q2: 10.2% Revenue growth, TTM YoY, FY26 Q3: 11.0% 11.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 17.5%
FY24 Q1 21.4%
FY24 Q2 23.0%
FY24 Q3 26.0%
FY24 Q4 8.2%
FY25 Q1 5.8%
FY25 Q2 4.5%
FY25 Q3 4.0%
FY25 Q4 6.4%
FY26 Q1 7.1%
FY26 Q2 10.2%
FY26 Q3 11.0%
Operating margin (TTM) Aramark
3.8% 4% 4.2% 4.4% 4.6% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 3.9% Operating margin (TTM), FY24 Q1: 3.9% Operating margin (TTM), FY24 Q2: 4.0% Operating margin (TTM), FY24 Q3: 4.1% Operating margin (TTM), FY24 Q4: 4.1% Operating margin (TTM), FY25 Q1: 4.3% Operating margin (TTM), FY25 Q2: 4.4% Operating margin (TTM), FY25 Q3: 4.4% Operating margin (TTM), FY25 Q4: 4.3% Operating margin (TTM), FY26 Q1: 4.2% Operating margin (TTM), FY26 Q2: 4.3% Operating margin (TTM), FY26 Q3: 4.4% 4.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 3.9%
FY24 Q1 3.9%
FY24 Q2 4.0%
FY24 Q3 4.1%
FY24 Q4 4.1%
FY25 Q1 4.3%
FY25 Q2 4.4%
FY25 Q3 4.4%
FY25 Q4 4.3%
FY26 Q1 4.2%
FY26 Q2 4.3%
FY26 Q3 4.4%
FCF margin (TTM) Aramark
1% 1.5% 2% 2.5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 2.4% FCF margin (TTM), FY24 Q1: 1.8% FCF margin (TTM), FY24 Q2: 1.2% FCF margin (TTM), FY24 Q3: 1.9% FCF margin (TTM), FY24 Q4: 1.7% FCF margin (TTM), FY25 Q1: 2.1% FCF margin (TTM), FY25 Q2: 2.1% FCF margin (TTM), FY25 Q3: 1.6% FCF margin (TTM), FY25 Q4: 2.3% FCF margin (TTM), FY26 Q1: 1.2% FCF margin (TTM), FY26 Q2: 2.0% FCF margin (TTM), FY26 Q3: 2.2% 2.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 2.4%
FY24 Q1 1.8%
FY24 Q2 1.2%
FY24 Q3 1.9%
FY24 Q4 1.7%
FY25 Q1 2.1%
FY25 Q2 2.1%
FY25 Q3 1.6%
FY25 Q4 2.3%
FY26 Q1 1.2%
FY26 Q2 2.0%
FY26 Q3 2.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Aramark took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $18.5B
  2. Selling, general and admin $278M · 1.5%
  3. Other operating costs $17.4B · 94.2%
  4. Operating income $792M · 4.3%
  5. Income tax $104M · 0.6%
  6. Interest and other $362M · 2.0%
  7. Net income $326M · 1.8%

Shares of revenue. Source: Aramark's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2012 Sept 2012 2013 Sept 2013 2014 Oct 2014 2015 Oct 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Oct 2020 2021 Oct 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Oct 2025 LTM Jul 2026
Income
Revenue 13.5 13.9 14.8 14.3 14.4 14.6 15.8 16.2 12.8 12.1 13.7 16.1 17.4 18.5 19.8
Gross profit 1.3 1.3 1.5 1.4 0.7 0.8 0.8 0.9 0.8 1.1 −1.1 — — — —
EBITDA 1.1 1.1 1.1 1.1 1.2 1.3 1.4 1.5 0.3 0.7 0.8 1.0 1.1 1.3 1.4
Operating income 0.6 0.5 0.6 0.6 0.7 0.8 0.8 0.9 −0.3 0.2 0.4 0.6 0.7 0.8 0.9
Net income 0.1 0.1 0.1 0.2 0.3 0.4 0.6 0.4 −0.5 −0.1 0.2 0.7 0.3 0.3 0.4
Diluted EPS $0.49 $0.33 $0.63 $0.96 — — — — — −$0.36 $0.75 $2.57 $0.99 $1.22 $1.43
Growth (year on year)
Revenue — +3.3% +6.4% −3.4% +0.6% +1.3% +8.1% +2.8% −20.9% −5.7% +13.2% +17.5% +8.2% +6.4% +11.0%
EBITDA — −4.9% +2.8% +4.2% +9.7% +5.5% +8.0% +4.9% −77.7% +124.7% +9.6% +27.2% +10.4% +11.0% +10.5%
Operating income — −11.6% +9.7% +11.2% +18.9% +7.4% +2.1% +8.9% −129.7% — — +50.5% +13.0% +12.1% +9.8%
Net income — — — — — — +51.9% −21.0% −202.9% — — — −61.1% — +5.9%
Diluted EPS — — — — — — — — — — — — −61.5% — +6.0%
Margins
Gross margin 9.7% 9.2% 9.9% 10.1% 5.2% 5.5% 5.2% 5.5% 6.5% 9.0% −7.9% — — — —
EBITDA margin 8.2% 7.6% 7.3% 7.9% 8.6% 9.0% 9.0% 9.1% 2.6% 6.1% 5.9% 6.4% 6.6% 6.9% 7.0%
Operating margin 4.3% 3.7% 3.8% 4.4% 5.2% 5.5% 5.2% 5.5% −2.1% 1.6% 3.0% 3.9% 4.1% 4.3% 4.4%
Net margin 0.8% 0.5% 1.0% 1.6% 2.0% 2.6% 3.6% 2.8% −3.6% −0.8% 1.4% 4.2% 1.5% 1.8% 1.9%
Free-cash-flow margin 2.5% 2.2% −1.0% 1.9% 2.5% 3.4% 2.7% 3.0% −1.9% 2.1% 2.8% 2.4% 1.7% 2.3% 2.2%
Cash flow
Cash from operations 0.7 0.7 0.4 0.8 0.9 1.1 1.1 1.0 0.2 0.7 0.7 0.8 0.7 0.9 0.9
Capital spending 0.4 0.4 0.5 0.5 0.5 0.6 0.6 0.5 0.4 0.4 0.3 0.4 0.4 0.5 0.5
Free cash flow 0.3 0.3 −0.1 0.3 0.4 0.5 0.4 0.5 −0.2 0.2 0.4 0.4 0.3 0.4 0.4
Stock-based pay 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay 0.3 0.3 −0.2 0.2 0.3 0.4 0.3 0.4 −0.3 0.2 0.3 0.3 0.2 0.4 0.4
Balance sheet
Cash 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 2.5 0.5 0.3 1.9 0.7 0.6 0.5
Total debt 0.0 5.8 5.4 5.3 5.3 5.3 7.2 6.7 9.3 7.5 7.4 8.3 5.3 5.4 6.1
Net debt (negative = net cash) −0.1 5.7 5.3 5.1 5.1 5.0 7.0 6.4 6.8 6.9 7.1 6.3 4.6 4.8 5.6
Diluted shares 210m 209m 237m 247m 249m 252m 253m 252m 252m 255m 259m 263m 266m 267m 267m
Returned to shareholders
Dividends 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Buybacks 0.0 0.0 0.0 0.1 0.0 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.2 0.1
Total returned 0.0 0.0 0.1 0.1 0.1 0.2 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.3 0.2

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · July 3, 2026
What it owns · $14.0bn
Short-term assets $3.9bnLonger-term assets $10.1bn
What it owes, and who funded it · $6.4bn
Short-term liabilities $3.0bnShareholders' equity $3.4bn
  • Short-term assets cover short-term liabilities $3.9bn of assets due within a year against $3.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $499m of cash against $6.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 180% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 287% to 180% over five years.
  • A year's operating cash flow covers at least 20% of debt $911m of operating cash flow against $6.1bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Aramark's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$96.9M
Dividends (TTM)
$122M
Returned to shareholders
51%
of free cash flow
Buybacks, last 3 fiscal years
$208M
Diluted share count
−0.1%
year over year
Total shareholder yield
1.5%
dividends 0.9% + buybacks 0.7% of market value
Dividend payout ratio
32%
of net income paid out
Sales & admin spending
1.5%
of revenue

Competitors: side by side with peers

Closest by revenue in restaurants
Last 12 months unless stated ARMK MCD DRI CMG YUMC SBUX Median
Revenue, last 12 months $19.8bn $27.7bn $13.4bn $12.7bn $12.4bn $38.3bn $1.4bn
Revenue growth, last 12 months 11.0% 6.3% 8.1% 7.9% 8.8% 4.5% 4.6%
Revenue growth, 3-year average 13.3% 4.6% 7.5% 10.1% 6.3% 3.1% 5.1%
Revenue growth, latest quarter 9.3% 3.7% 5.1% 9.6% 12.6% −1.4% 4.5%
Gross margin 4.7% — 20.3% — — 72.3% 68.6%
Operating margin 4.4% 46.2% 11.7% 14.1% 11.1% 7.8% 4.9%
Operating margin, 3-year average 4.3% 45.8% 11.6% 15.8% 10.5% 11.5% 6.9%
Net margin 1.9% 31.7% 8.8% 10.8% 7.8% 5.2% 2.5%
Cash from operations / revenue 4.6% 40.9% 13.4% 18.5% 12.7% 13.0% 11.9%
Free-cash-flow margin 2.2% 28.0% 7.9% 11.9% 7.6% 9.5% 3.4%
Free-cash-flow margin, 3-year average 1.9% 27.3% 8.6% 12.2% 6.9% 8.7% 2.8%
Stock pay / revenue 0.3% 0.6% 0.6% 0.9% 0.3% 1.0% 0.8%
Change in share count −0.1% −0.7% −2.1% −4.6% −5.5% 0.3% 0.2%

Median of all 44 companies we cover in restaurants. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

44 restaurants companies
Measure Company Peer median Rank
Revenue growth Growth 11.0% 4.7% 8 of 44
Change in growth rate Growth +0.9pp +0.3pp 15 of 44
Operating margin Profitability 4.4% 5.2% 23 of 42
Net margin Profitability 1.9% 2.6% 25 of 44
Free-cash-flow margin Cash generation 2.2% 3.6% 26 of 44
Stock pay as % of revenue Cash generation 0.3% 0.8% 6 of 40
Long-term debt as % of assets Balance sheet 43.6% 29.0% 25 of 36
Change in share count Balance sheet -0.1% 0.3% 19 of 42

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to October 3, 2025
Segments
Line of business Revenue Share YoY
Food and Support Services United States $13.2B 71.4% ▲ 5.1%
Food and Support Services International $5.3B 28.6% ▲ 9.8%
Geography
Region Revenue Share YoY
United States $13.1B 70.6% ▲ 5.0%
Foreign $5.4B 29.4% ▲ 9.8%

From Aramark's 10-K filed November 25, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$14.8B
Institutions reporting
541
Shares held vs prior quarter
0.0%
Positions opened / closed
114 / 41

Top buyers and sellers, Q2 2026: 307 institutions bought and 201 sold ; the biggest buyer was Victory Capital Management Inc (+5.7M shares) and the biggest seller Fiduciary Management Inc (−4.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.4B 24.8M 9.5% ▼ 2.9%
Jupiter Topco LLC $1B 18.3M 7.0% —
Massachusetts Financial Services Co $903M 15.6M 6.1% ▼ 11.3%
Morgan Stanley $677M 11.9M 4.6% ▼ 17.6%
Vanguard Capital Management LLC $675M 11.9M 4.6% ▲ 0.6%
Vanguard Portfolio Management LLC $636M 11.2M 4.3% ▼ 0.2%
Capital International Investors $564M 9.9M 3.8% ▼ 4.2%
State Street Corp $466M 8.2M 3.1% ▲ 3.4%
AQR Capital Management LLC $457M 8.1M 3.1% ▼ 17.7%
Dimensional Fund Advisors LP $382M 6.7M 2.6% ▼ 6.5%
Fiduciary Management Inc $371M 6.5M 2.5% ▼ 38.4%
Price T Rowe Associates Inc $368M 6.5M 2.5% ▲ 13.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Aramark's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $5.3M 4 trades by 2 insiders · 0% under pre-set plans
Net ▼ $5.3M net selling
Insider Date Trade Shares Price Value
Bruno Marc A COO, U.S. Food & Facilities August 13, 2026 Sell 55,245 $60.92 $3.4M
Bruno Marc A COO, U.S. Food & Facilities August 13, 2026 Sell 15,389 $61.42 $945,192
Harrington Lauren A EVP and General Counsel May 18, 2026 Sell 9,511 $53.02 $504,273
Harrington Lauren A EVP and General Counsel May 18, 2026 Sell 8,852 $53.09 $469,953

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 14 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 0 sales of Aramark shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded December 10, 2025, filed January 12, 2026
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded June 17, 2025, filed August 13, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded June 11, 2025, filed August 13, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 10, 2026 estimated from the company's past filing pattern, not announced

  • August 11, 2026
  • May 12, 2026
  • February 10, 2026
  • November 17, 2025
  • August 5, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Aramark was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Aramark in brief

What does Aramark do?
Aramark is a US-listed company in the restaurants industry. Its financial year ends in September.
What is Aramark's stock ticker?
Aramark trades under the ticker ARMK on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Aramark's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Aramark reported revenue of $19.8B, 11.0% higher than a year earlier, according to its SEC filings.
What is Aramark's free cash flow?
Aramark's free-cash-flow margin is 2.2% of revenue over the trailing twelve months, ranking 26 of the 44 restaurants companies we cover.
What is Aramark's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Aramark's free cash flow after stock-based pay gives ~$11 per share in the base case, and ~$3.2–$22 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Aramark's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Jupiter Topco LLC and Massachusetts Financial Services Co. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Aramark buying back stock, and does it pay a dividend?
Aramark spent $96.9M on share repurchases over the trailing twelve months, and its diluted share count fell 0.1% over the year.
What is Aramark's market cap?
On November 2, 2026, Aramark's market capitalisation was about $14.5B, with a price-to-earnings ratio of 37.9 and net debt of $5.6B. Market figures come from third-party market data and may be delayed.
Does Aramark pay a dividend?
Yes: Aramark paid $122M in dividends over the trailing twelve months, a dividend yield of 0.86% and a payout ratio of 31.9%.
How much debt does Aramark have?
Aramark's debt-to-equity ratio is 179.6%, from its latest balance sheet (286.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Aramark's competitors?
In our Restaurants peer group, the companies closest to Aramark are McDonald's, Darden Restaurants, Chipotle Mexican Grill, Yum China Holdings, Inc. and Starbucks. The side-by-side comparison below sets their revenue, margins and growth against Aramark's.
Are insiders buying or selling Aramark stock?
Over the last 12 months, Aramark's directors and officers reported 0 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Aramark's next earnings date?
Around November 16, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Aramark announces its own schedule.