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Sysco (SYY) stock

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NYSE: SYY NYSE Food Distributors Next results ~February 2, 2027

C+ Fundamentals grade

Sysco is a US-listed company in the food distributors industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$47

Cash-flow model

Base case. Range ~$29–$71 across our lower- and higher-growth cases (-1.3%–8.7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 36% below it.

Price used: $74.17, November 3, 2026

Sysco 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.

  • Insiders1 buying, 2 selling1 purchase and 8 sales by directors and officers, last 12 monthsInsider trades
  • Funds765 adding, 721 cuttingOf 106 active managers that changed their stake, 51 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Sysco files

Where Sysco stands after its latest 10-K

Revenue for the twelve months to June 2026 was $84.6bn, up 3.9% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin held at 2.3%. 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 $52.52 a share, against a share price of $82.67. At that price, our model says the market is pricing in about 10.0% a year of cash-flow growth for five years, close to the 10.5% a year revenue growth it has delivered.

Source: 10-K filed August 21, 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 ~February 2, 2027 (estimated)

Sysco's trailing-twelve-month revenue grew 3.9% year on year, with a free-cash-flow margin of 2.3%. Where it stands out: gross margin of 18.5% ranks 2 of 7 food distributors companies we cover. Where it lags: long-term debt as % of assets of 43.4% ranks 7 of 7 food distributors companies we cover.

Our discounted-cash-flow model values the business at ~$47 per share in the base case (~$29–$71 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 20.8% while net income fell 3.9%: a 25pp 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

  • Shrinking share count. Diluted shares fell 1.9% in a year, so each share owns more of the business.

Things to watch

  • Priced above our value. The share price of $81.80 is 42% above our value per share of $47.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 43.4% ranks 7 of 7 food distributors companies we cover (median 26.6%).

Latest results: FY2026 Q4

Filed August 21, 2026
Earnings per share
$1.53 against an average estimate of $1.51: beat by 1.2%
Revenue
$22.12bn, up 4.7% on a year earlier
Share reaction
-0.9% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
sales growth growth 6% to 7% (FY27); adjusted EPS growth growth 9% to 11% (FY27)
Next report
November 3, 2026; average EPS estimate $1.19

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

Price chart

  • 1 day-9.3%
  • 1 week-9.9%
  • 1 month-4.3%
  • This year+15.1%
  • 1 year+4.7%
  • 5 years+9.1%
  • S&P 500 this year+11.2%

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

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$84.6B
Operating margin
3.7%
Net margin
2.1%
EPS (TTM, diluted)
$3.65

Growth

Revenue growth
+3.9%
Change in growth rate
+0.5 pts
Share count change
−1.9%

Cash

Free cash flow (TTM)
$1.9B
FCF margin
2.3%
Stock pay % of revenue
0.1%

Earnings

Last results
November 3, 2026
Next results (est.)
February 2, 2027

News & updates

Updated November 3, 2026

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

  1. Results
  2. Agreement
  3. Agreement
  4. Announcement
  5. Announcement
  6. Announcement
  7. Announcement
  8. Leadership
  9. Leadership
  10. Announcement
  11. Results
  12. Guidance

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

Sysco valuation models and calculator

What the price is pricing in

The share price implies about 9.5% a year of cash-flow growth for five years.That is close to the 10.5% a year revenue growth Sysco has delivered.

  • Priced in9.5%
  • Last 12 months3.9%
  • 3 years a year3.5%
  • 5 years a year10.5%

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 ($74.25, 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
~$47
Price used
$74.25close November 3, 2026
Implied change
▼ 36%
Uncertainty
High

How we got here: a discounted-cash-flow model of Sysco's free cash flow after stock-based pay with after-tax interest added back ($1.9B, FY2026 Q4 TTM), growing 5.7% and 3.2% in the next two years (forecasts, guidance and its record), then back to 3.7% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$29–~$71 ; that spread sets a 35% 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 Sysco's free cash flow after stock-based pay ( $1.9B, FY2026 Q4 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 Sysco as an operating company, with every model that fits that kind of business. Cost of equity 7.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.66 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. ~$47 ~$29–$71 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. — Does not apply: fewer than 5 peers with a usable multiple
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$71 ~$59–$89 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. ~$55 ~$47–$71 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Sysco with Food Distributors 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 ▼ −37%
  • Revenue growth 5 points higher ▲ +49%
  • Free-cash-flow margin 1 point lower ▼ −65%
  • Last year's free-cash-flow margin change, if it persists ▲ +26%
  • Discount rate 1 point higher ▼ −21%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $32$51$78$113$158$217
8.5% $18$33$52$77$109$151
10% $10$22$36$55$80$112

Valuation multiples over time Market data may be delayed

At fiscal year end 2017201820192020202120222023202420252026
Share price$39.35$54.72$57.95$44.01$66.62$76.84$67.34$66.59$71.92$81.69
Market value$21.6bn$29.0bn$30.3bn$22.6bn$34.2bn$39.5bn$34.3bn$33.5bn$35.2bn$39.3bn
+ Net debt (− = net cash)$7.3bn$7.8bn$7.6bn$8.4bn$8.1bn$9.8bn$9.7bn$11.3bn$12.2bn$11.7bn
Enterprise value$28.9bn$36.7bn$38.0bn$31.0bn$42.3bn$49.3bn$44.0bn$44.8bn$47.5bn$51.0bn
Multiples
Price / sales 0.4x0.5x0.5x0.4x0.7x0.6x0.4x0.4x0.4x0.5x
Price / earnings 18.9x20.2x18.1x105.0x65.3x29.1x19.4x17.1x19.3x22.3x
Price / free cash flow 14.0x19.7x17.6x25.2x23.9x34.1x16.5x15.5x22.0x20.3x
EV / EBITDA 9.8x11.9x12.3x19.9x19.4x15.8x11.5x11.0x11.8x12.5x

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

53 /100

Moderate moat

How hard Sysco'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 9 / 20

    Net income has been a median 6.6% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 18.5%, moving by 0.3 percentage points (standard deviation) across 10 years.

  • Durability 5 / 20

    Operating margin has been a median 3.8%; its worst year was 1.4%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 10 of 10 years, at a median 2.4% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 6.4% over five years; stock-based pay has been a median 0.1% 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

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.05 +10% $90.0bn +6%
Next $5.39 +7% $92.1bn +2%

Next year's EPS estimate has moved +2.4% in 90 days, across 11 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.1% on 90 days ago. In the last 30 days, 1 analyst raised Sysco's forecast and 1 cut it.

Consensus EPS forecast Sysco, last 90 days
$4.80 $5.00 $5.20 $5.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.94 Current fiscal year, 60 days ago: $5.09 Current fiscal year, 30 days ago: $5.07 Current fiscal year, 7 days ago: $5.07 Current fiscal year, Now: $5.05 $5.05 Next fiscal year, 90 days ago: $5.26 Next fiscal year, 60 days ago: $5.38 Next fiscal year, 30 days ago: $5.38 Next fiscal year, 7 days ago: $5.37 Next fiscal year, Now: $5.39 $5.39

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

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.94$5.26
60 days ago $5.09$5.38
30 days ago $5.07$5.38
7 days ago $5.07$5.37
Now $5.05$5.39

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.51 $1.53 +1.2%
Mar 2026 $0.94 $0.94 −0.4%
Dec 2025 $0.98 $0.99 +1.4%
Sept 2025 $1.12 $1.15 +2.6%

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

Management guidance

Earnings release, August 4, 2026
  • sales growth FY27 6% growth to 7% growth New
    “We expect positive momentum to continue in FY27 and are introducing guidance on a 53-week basis that includes sales growth of 6%-7% and adjusted EPS growth of 9%-11%.” source
  • adjusted EPS growth FY27 9% growth to 11% growth Non-GAAP New
    “We expect positive momentum to continue in FY27 and are introducing guidance on a 53-week basis that includes sales growth of 6%-7% and adjusted EPS growth of 9%-11%.” source
  • combined cost-outs fiscal year 2027 about $100m
    “In fiscal year 2027, the company expects combined cost-outs of approximately $100 million, including the carry-forward benefit from previously announced actions.” 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 Sysco's revenue by +5.7% next year and +3.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.4%, weight 55%) , management guidance (+6.5%, weight 19%) and the company's own record (+3.7%, weight 26%) . How the weights are set.

Analyst recommendations

14 analysts, Oct 2026
Buy750%
Hold643%
Sell17%

Monthly trend

  1. Oct 2026256114
  2. Sep 2026256114
  3. Aug 20265815
  4. Jul 20266816

Counts of recommendations published by analysts covering Sysco, 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
2.9%
of tradable shares
Days to cover
2.65
at average volume
Short interest, 1 month
+0%
to October 15, 2026
Held by institutions
89%
of shares
Held by insiders
0.2%
of shares
Employees
75,000
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

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +14.2%

$72.19 on October 31, 2025 to $82.45

ThenNowEffect
Revenue (last 12 months) $81.4bn $84.6bn +3.9%
Net margin 2.2% 2.1% −7.6%
P/E multiple 19.3x 22.6x +16.7%
Share count 490m 481m +1.9%

Biggest factor: p/e multiple.

Last 3 years +33.6%

$61.71 on November 3, 2023 to $82.45

ThenNowEffect
Revenue (last 12 months) $76.3bn $84.6bn +10.8%
Net margin 2.3% 2.1% −10.5%
P/E multiple 17.8x 22.6x +27.0%
Share count 510m 481m +6.1%

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
SYY+8%−0%−2%+7%−1%+15%
Industry peers (median)+21%−4%+13%+35%+9%+39%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SYY33%50%58%58%58%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SYY−20%−21%−21%−15%−12%−24%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 63% from December 30, 2019 to March 18, 2020. Getting back needed a 173% gain, reached on March 12, 2021, 359 days after the low.

Price behaviour

52-week range
$67.85 – $89.25
From 52-week high
−7.6%
vs 50-day average
+2.8%
vs 200-day average
+3.7%
Volatility (1 year)
27%
Beta vs S&P 500
0.15

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
3 up, 8 down
typical move ±4.5%
After a week
3 up, 8 down
typical move ±4.3%
After a month
5 up, 6 down
typical move ±4.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −0.9% +1.6% −0.8% −3.8%
April 28, 2026 −1.8% −0.5% −3.3% +0.7%
March 30, 2026 −12.8% +2.6% −9.8% −8.9%
January 27, 2026 +10.4% +0.4% +11.9% +17.8%
October 28, 2025 −4.8% +0.3% −6.3% −2.7%
July 29, 2025 −0.3% −0.4% −1.4% −0.1%
April 29, 2025 +1.4% +0.7% −0.6% +2.3%
January 28, 2025 −6.4% +0.4% −7.1% −2.8%
October 29, 2024 −1.1% −0.1% +1.7% +2.1%
July 30, 2024 +4.6% +1.1% +2.6% +4.7%
April 30, 2024 −5.4% −1.9% −1.8% −7.2%

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 Sysco’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.

Sysco 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) Sysco
$76B $78B $80B $82B $84B $86B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $76.8B Revenue (TTM), FY24 Q2: $77.5B Revenue (TTM), FY24 Q3: $78B Revenue (TTM), FY24 Q4: $78.8B Revenue (TTM), FY25 Q1: $79.7B Revenue (TTM), FY25 Q2: $80.6B Revenue (TTM), FY25 Q3: $80.8B Revenue (TTM), FY25 Q4: $81.4B Revenue (TTM), FY26 Q1: $82B Revenue (TTM), FY26 Q2: $82.6B Revenue (TTM), FY26 Q3: $83.6B Revenue (TTM), FY26 Q4: $84.6B $84.6B

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

View chart data
Period Revenue (TTM)
FY24 Q1 $76.8B
FY24 Q2 $77.5B
FY24 Q3 $78B
FY24 Q4 $78.8B
FY25 Q1 $79.7B
FY25 Q2 $80.6B
FY25 Q3 $80.8B
FY25 Q4 $81.4B
FY26 Q1 $82B
FY26 Q2 $82.6B
FY26 Q3 $83.6B
FY26 Q4 $84.6B
Revenue growth, TTM YoY Sysco
0% 2% 4% 6% 8% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 7.7% Revenue growth, TTM YoY, FY24 Q2: 5.3% Revenue growth, TTM YoY, FY24 Q3: 3.3% Revenue growth, TTM YoY, FY24 Q4: 3.3% Revenue growth, TTM YoY, FY25 Q1: 3.8% Revenue growth, TTM YoY, FY25 Q2: 3.9% Revenue growth, TTM YoY, FY25 Q3: 3.6% Revenue growth, TTM YoY, FY25 Q4: 3.2% Revenue growth, TTM YoY, FY26 Q1: 2.9% Revenue growth, TTM YoY, FY26 Q2: 2.6% Revenue growth, TTM YoY, FY26 Q3: 3.4% Revenue growth, TTM YoY, FY26 Q4: 3.9% 3.9%

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

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 7.7%
FY24 Q2 5.3%
FY24 Q3 3.3%
FY24 Q4 3.3%
FY25 Q1 3.8%
FY25 Q2 3.9%
FY25 Q3 3.6%
FY25 Q4 3.2%
FY26 Q1 2.9%
FY26 Q2 2.6%
FY26 Q3 3.4%
FY26 Q4 3.9%
Operating margin (TTM) Sysco
3.4% 3.6% 3.8% 4% 4.2% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 4.0% Operating margin (TTM), FY24 Q2: 4.1% Operating margin (TTM), FY24 Q3: 4.1% Operating margin (TTM), FY24 Q4: 4.1% Operating margin (TTM), FY25 Q1: 4.0% Operating margin (TTM), FY25 Q2: 4.0% Operating margin (TTM), FY25 Q3: 3.9% Operating margin (TTM), FY25 Q4: 3.8% Operating margin (TTM), FY26 Q1: 3.8% Operating margin (TTM), FY26 Q2: 3.7% Operating margin (TTM), FY26 Q3: 3.6% Operating margin (TTM), FY26 Q4: 3.7% 3.7%

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

View chart data
Period Operating margin (TTM)
FY24 Q1 4.0%
FY24 Q2 4.1%
FY24 Q3 4.1%
FY24 Q4 4.1%
FY25 Q1 4.0%
FY25 Q2 4.0%
FY25 Q3 3.9%
FY25 Q4 3.8%
FY26 Q1 3.8%
FY26 Q2 3.7%
FY26 Q3 3.6%
FY26 Q4 3.7%
FCF margin (TTM) Sysco
1.5% 2% 2.5% 3% 3.5% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 2.6% FCF margin (TTM), FY24 Q2: 3.1% FCF margin (TTM), FY24 Q3: 2.5% FCF margin (TTM), FY24 Q4: 2.7% FCF margin (TTM), FY25 Q1: 2.7% FCF margin (TTM), FY25 Q2: 2.3% FCF margin (TTM), FY25 Q3: 2.6% FCF margin (TTM), FY25 Q4: 2.0% FCF margin (TTM), FY26 Q1: 1.9% FCF margin (TTM), FY26 Q2: 2.1% FCF margin (TTM), FY26 Q3: 2.2% FCF margin (TTM), FY26 Q4: 2.3% 2.3%

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

View chart data
Period FCF margin (TTM)
FY24 Q1 2.6%
FY24 Q2 3.1%
FY24 Q3 2.5%
FY24 Q4 2.7%
FY25 Q1 2.7%
FY25 Q2 2.3%
FY25 Q3 2.6%
FY25 Q4 2.0%
FY26 Q1 1.9%
FY26 Q2 2.1%
FY26 Q3 2.2%
FY26 Q4 2.3%

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

FY2026, from the 10-K

Each dollar Sysco took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $84.6B
  2. Cost of revenue $68.9B · 81.5%
  3. Gross profit $15.6B · 18.5%
  4. Other operating costs $12.5B · 14.8%
  5. Operating income $3.1B · 3.7%
  6. Income tax $519M · 0.6%
  7. Interest and other $819M · 1.0%
  8. Net income $1.8B · 2.1%

Shares of revenue. Source: Sysco's 10-K for FY2026, 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 2008 Jun 2008 2009 Jun 2009 2010 Jul 2010 2011 Jul 2011 2017 Jul 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jul 2021 2022 Jul 2022 2023 Jul 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 37.5 36.9 37.2 39.3 55.4 58.7 60.1 52.9 51.3 68.6 76.3 78.8 81.4 84.6
Gross profit 7.2 7.0 7.2 7.4 10.6 11.1 11.4 9.9 9.4 12.3 14.0 14.6 15.0 15.6
EBITDA 2.3 2.3 2.4 2.3 3.0 3.1 3.1 1.6 2.2 3.1 3.8 4.1 4.0 4.1
Operating income 1.9 1.9 2.0 1.9 2.1 2.3 2.3 0.7 1.4 2.3 3.0 3.2 3.1 3.1
Net income 1.1 1.1 1.2 1.2 1.1 1.4 1.7 0.2 0.5 1.4 1.8 2.0 1.8 1.8
Diluted EPS $1.81 $1.77 $1.99 $1.96 $2.08 $2.70 $3.20 $0.42 $1.02 $2.64 $3.47 $3.89 $3.73 $3.66
Growth (year on year)
Revenue — −1.8% +1.1% +5.6% +40.8% +6.1% +2.4% −12.0% −3.0% +33.8% +11.2% +3.3% +3.2% +3.9%
EBITDA — +0.1% +4.9% −1.3% +26.7% +4.2% +0.5% −49.7% +40.5% +42.7% +22.3% +6.8% −1.0% +0.9%
Operating income — −0.4% +5.5% −2.2% +6.4% +12.6% +0.7% −67.8% — +62.1% +29.5% +5.4% −3.6% +0.2%
Net income — −4.5% +11.7% −2.4% −0.8% +25.2% +17.0% −87.1% — — — +10.5% −6.5% −3.9%
Diluted EPS — −2.2% +12.4% −1.5% +6.1% +29.8% +18.5% −86.9% — — — +12.1% −4.1% −1.9%
Margins
Gross margin 19.2% 19.1% 19.3% 18.8% 19.1% 18.9% 19.0% 18.7% 18.2% 17.9% 18.3% 18.5% 18.4% 18.5%
EBITDA margin 6.0% 6.1% 6.4% 5.9% 5.3% 5.2% 5.1% 2.9% 4.3% 4.5% 5.0% 5.2% 5.0% 4.8%
Operating margin 5.0% 5.1% 5.3% 4.9% 3.7% 3.9% 3.9% 1.4% 2.8% 3.4% 4.0% 4.1% 3.8% 3.7%
Net margin 2.9% 2.9% 3.2% 2.9% 2.1% 2.4% 2.8% 0.4% 1.0% 2.0% 2.3% 2.5% 2.2% 2.1%
Free-cash-flow margin 2.8% 3.0% 0.8% 1.2% 2.8% 2.5% 2.9% 1.7% 2.8% 1.7% 2.7% 2.7% 2.0% 2.3%
Cash flow
Cash from operations 1.6 1.6 0.9 1.1 2.2 2.2 2.4 1.6 1.9 1.8 2.9 3.0 2.5 2.6
Capital spending 0.5 0.5 0.6 0.6 0.7 0.7 0.7 0.7 0.5 0.6 0.8 0.8 0.9 0.7
Free cash flow 1.1 1.1 0.3 0.5 1.5 1.5 1.7 0.9 1.4 1.2 2.1 2.2 1.6 1.9
Stock-based pay 0.1 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 1.0 1.1 0.2 0.4 1.5 1.4 1.6 0.9 1.3 1.0 2.0 2.1 1.5 1.8
Balance sheet
Cash 0.5 1.0 0.6 0.6 0.9 0.6 0.5 6.1 3.0 0.9 0.7 0.7 1.1 1.8
Total debt 0.0 2.5 2.5 2.7 8.2 8.3 8.2 14.4 11.1 10.6 10.4 12.0 13.3 13.5
Net debt (negative = net cash) −0.5 1.5 1.9 2.0 7.3 7.8 7.6 8.4 8.1 9.8 9.7 11.3 12.2 11.7
Diluted shares 611m 596m 594m 589m 549m 529m 523m 514m 514m 514m 510m 503m 490m 481m
Returned to shareholders
Dividends 0.5 0.5 0.6 0.6 0.7 0.7 0.8 0.9 0.9 1.0 1.0 1.0 1.0 1.0
Buybacks 0.5 0.4 0.2 0.3 1.9 1.0 1.0 0.8 0.0 0.5 0.5 1.2 1.3 0.2
Total returned 1.0 1.0 0.8 0.9 2.6 1.7 1.8 1.7 0.9 1.5 1.5 2.2 2.3 1.2

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

3 of 5 checks passed · June 27, 2026
What it owns · $28.4bn
Short-term assets $13.4bnLonger-term assets $15.0bn
What it owes, and who funded it · $13.2bn
Short-term liabilities $10.5bnShareholders' equity $2.7bn
  • Short-term assets cover short-term liabilities $13.4bn of assets due within a year against $10.5bn 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 $1.8bn of cash against $12.3bn of debt.
  • Debt below 40% of shareholders' equity Debt is 462% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 868% to 462% over five years.
  • A year's operating cash flow covers at least 20% of debt $2.6bn of operating cash flow against $12.3bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Sysco'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 Q4 TTM
Buybacks (TTM)
$200M
Dividends (TTM)
$1B
Returned to shareholders
64%
of free cash flow
Buybacks, last 3 fiscal years
$2.7B
Diluted share count
−1.9%
year over year
Total shareholder yield
3.1%
dividends 2.6% + buybacks 0.5% of market value
Dividend payout ratio
59%
of net income paid out

Competitors: side by side with peers

Closest by revenue in food distributors
Last 12 months unless stated SYY PFGC USFD UNFI CHEF DIT Median
Revenue, last 12 months $84.6bn $67.8bn $40.1bn $31.2bn $4.5bn $3.0bn $31.2bn
Revenue growth, last 12 months 3.9% 7.2% 3.8% −2.0% 11.5% 7.5% 3.9%
Revenue growth, 3-year average 3.5% 5.8% 4.7% 1.0% 11.2% 6.7% 4.7%
Revenue growth, latest quarter 4.7% 6.4% 4.5% −0.7% 11.2% 12.9% 4.7%
Gross margin 18.5% 11.9% 17.6% 13.5% 24.7% 6.3% 16.6%
Operating margin 3.7% 1.3% 3.1% 0.7% 4.1% 0.4% 1.3%
Operating margin, 3-year average 3.8% 1.3% 3.0% 0.2% 3.7% 0.6% 1.3%
Net margin 2.1% 0.5% 1.8% 0.3% 2.3% 0.1% 0.5%
Cash from operations / revenue 3.1% 2.1% 3.4% 1.7% 4.8% 0.5% 2.3%
Free-cash-flow margin 2.3% 1.5% 2.4% 1.0% 4.0% 0.1% 1.5%
Free-cash-flow margin, 3-year average 2.3% 1.3% 2.3% 0.5% 2.6% 0.5% 1.3%
Stock pay / revenue 0.1% 0.0% 0.2% 0.2% 0.6% 0.1% 0.1%
Change in share count −1.9% 0.4% −5.3% 4.3% −3.6% 1.5% 0.4%

Median of all 7 companies we cover in food distributors. 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

7 food distributors companies
Measure Company Peer median Rank
Revenue growth Growth 3.9% 3.9% 4 of 7
Change in growth rate Growth +0.5pp +0.4pp 3 of 7
Gross margin Profitability 18.5% 16.6% 2 of 7
Operating margin Profitability 3.7% 1.3% 2 of 7
Net margin Profitability 2.1% 0.5% 2 of 7
Free-cash-flow margin Cash generation 2.3% 1.5% 3 of 7
Stock pay as % of revenue Cash generation 0.1% 0.1% 4 of 7
Long-term debt as % of assets Balance sheet 43.4% 26.6% 7 of 7
Change in share count Balance sheet -1.9% 0.4% 3 of 7

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

Where the revenue comes from

Fiscal year to June 27, 2026
Segments
Line of business Revenue Share YoY
U.S.Foodservice Operations $58.8B 69.5% ▲ 3.2%
International Foodservice Operations $16B 19.0% ▲ 7.6%
Sygma $8.6B 10.2% ▲ 2.5%
All Other Segments $1.1B 1.3% ▼ 0.5%
Products and services
Line of business Revenue Share YoY
Fresh and Frozen Meats1 $17.1B 20.2% ▲ 12.6%
Canned and Dry Products1 $15B 17.8% ▲ 2.6%
Frozen Fruits Vegetables Bakery and Other1 $12.7B 15.0% ▲ 3.2%
Dairy Products1 $8.3B 9.8% ▼ 4.6%
Poultry1 $7.9B 9.4% ▼ 2.8%
Fresh Produce1 $7B 8.2% ▲ 4.9%
Paper and Disposables1 $5.6B 6.7% ▲ 2.4%
Beverage Products1 $3.2B 3.8% ▲ 7.4%
Seafood1 $3.1B 3.6% ▲ 10.2%
Other Products $2.8B 3.3% ▲ 4.5%
Equipment and Smallwares $1.9B 2.3% ▲ 1.4%
Geography
Region Revenue Share YoY
United States $68.1B 80.6% ▲ 3.1%
Canada $6.5B 7.7% ▲ 6.5%
United Kingdom $4.5B 5.3% ▲ 9.9%
Other Geographic Areas $2.5B 3.0% ▲ 1.1%
France $1.9B 2.2% ▲ 10.7%
SE $1B 1.2% ▲ 14.5%

From Sysco's 10-K filed August 21, 2026, 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
$35.4B
Institutions reporting
1,629
Shares held vs prior quarter
▲ 3.2%
Positions opened / closed
179 / 122

Top buyers and sellers, Q2 2026: 765 institutions bought and 721 sold ; the biggest buyer was Harris Associates L P (+5.3M shares) and the biggest seller Boston Partners (−4.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $3.6B 43.0M 10.2% ▲ 8.1%
Vanguard Capital Management LLC $2.6B 31.2M 7.4% ▲ 0.4%
State Street Corp $2.3B 27.1M 6.4% ▼ 0.4%
Vanguard Portfolio Management LLC $2.3B 26.9M 6.4% ▲ 0.7%
Harris Associates L P $1.4B 16.3M 3.8% ▲ 48.0%
Geode Capital Management, LLC $1.1B 13.1M 3.1% ▲ 0.5%
Goldman Sachs Group Inc $856M 10.2M 2.4% ▲ 59.3%
Invesco Ltd. $615M 7.4M 1.7% ▼ 36.5%
Norges Bank $595M 7.1M 1.7% —
Boston Partners $517M 6.2M 1.5% ▼ 41.5%
D. E. Shaw & Co., Inc. $505M 6.0M 1.4% ▲ 54.0%
Bank Of America Corp $483M 5.8M 1.4% ▲ 0.9%

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 Sysco's complete shareholder register. Values are as reported by the filers ; 7 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $1M 1 trade by 1 insider, last 12 months Insider sales History → $2M 8 trades by 2 insiders · 88% under pre-set plans
Net ▼ $985,837 net selling
Insider Date Trade Shares Price Value
Phillips Ronald L EVP and CHRO September 14, 2026 Sell pre-set plan 57 $84.32 $4,806
Phillips Ronald L EVP and CHRO September 11, 2026 Sell pre-set plan 960 $83.00 $79,680
Phillips Ronald L EVP and CHRO August 24, 2026 Sell pre-set plan 506 $84.09 $42,550
Phillips Ronald L EVP and CHRO August 21, 2026 Sell pre-set plan 7,350 $83.61 $614,534
Phillips Ronald L EVP and CHRO August 11, 2026 Sell pre-set plan 367 $83.39 $30,604
Phillips Ronald L EVP and CHRO August 10, 2026 Sell pre-set plan 6,285 $83.94 $527,563
Hinshaw John M Director May 26, 2026 Buy 13,304 $75.17 $1M
Talton Sheila Director February 2, 2026 Sell 2,801 $82.99 $232,455
Phillips Ronald L EVP and CHRO January 27, 2026 Sell pre-set plan 5,601 $81.00 $453,681

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 60 trades and filings

No trades in Sysco disclosed in the last 12 months; 60 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 30, 2025, filed November 21, 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 February 2, 2027 estimated from the company's past filing pattern, not announced

  • November 3, 2026
  • August 4, 2026
  • April 28, 2026
  • March 30, 2026
  • January 27, 2026
  • October 28, 2025

Recent SEC filings

Data status

When each part of this page on Sysco 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.

Sysco in brief

What does Sysco do?
Sysco is a US-listed company in the food distributors industry. Its financial year ends in June.
What is Sysco's stock ticker?
Sysco trades under the ticker SYY on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Sysco's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Sysco reported revenue of $84.6B, 3.9% higher than a year earlier, according to its SEC filings.
What is Sysco's free cash flow?
Sysco's free-cash-flow margin is 2.3% of revenue over the trailing twelve months, ranking 3 of the 7 food distributors companies we cover.
What is Sysco's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Sysco's free cash flow after stock-based pay gives ~$47 per share in the base case, and ~$29–$71 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Sysco's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Sysco buying back stock, and does it pay a dividend?
Sysco spent $200M on share repurchases over the trailing twelve months, and its diluted share count fell 1.9% over the year.
What is Sysco's market cap?
On June 26, 2026, Sysco's market capitalisation was about $39.3B, with a price-to-earnings ratio of 22.3 and net debt of $11.7B. Market figures come from third-party market data and may be delayed.
Does Sysco pay a dividend?
Yes: Sysco paid $1B in dividends over the trailing twelve months, a dividend yield of 2.64% and a payout ratio of 59.1%.
How much debt does Sysco have?
Sysco's debt-to-equity ratio is 461.9%, from its latest balance sheet (867.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Sysco's competitors?
In our Food Distributors peer group, the companies closest to Sysco are Performance Food Group Co, US Foods Holding Corp., United Natural Foods Inc, Chefs' Warehouse, Inc. and Amcon Distributing Co. The side-by-side comparison below sets their revenue, margins and growth against Sysco's.
Are insiders buying or selling Sysco stock?
Over the last 12 months, Sysco's directors and officers reported 1 open-market purchases and 8 sales on Form 4. The insider trading page charts every trade.
When is Sysco's next earnings date?
Around February 2, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Sysco announces its own schedule.