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US Foods Holding Corp. (USFD) stock

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NYSE: USFD NYSE Food Distributors Next results ~November 5, 2026

C Fundamentals grade

US Foods Holding Corp. is a US-listed company in the food distributors industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$72

Cash-flow model

Base case. Range ~$48–$100 across our lower- and higher-growth cases (-0.7%–9.3% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 32% below it.

Price used: $105.80, November 2, 2026

US Foods Holding Corp. 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.

  • Insiders0 buying, 5 selling0 purchases and 8 sales by directors and officers, last 12 monthsInsider trades
  • Funds301 adding, 355 cuttingOf 79 active managers that changed their stake, 36 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter US Foods Holding files

Where US Foods stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $40.1bn, up 3.8% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin held at 2.4%. The diluted share count is down 5.3% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 3 financial-health checks. Our cash-flow model value is $71.59 a share, against a share price of $102. At that price, our model says the market is pricing in about 10.7% a year of cash-flow growth for five years, faster than the 6.4% a year revenue growth it has delivered.

Source: 10-Q filed August 6, 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 5, 2026 (estimated)

US Foods Holding Corp.'s trailing-twelve-month revenue grew 3.8% year on year, with a free-cash-flow margin of 2.4%. Where it stands out: change in share count of -5.3% ranks 1 of 7 food distributors companies we cover. Where it lags: stock pay as % of revenue of 0.2% ranks 6 of 7 food distributors companies we cover.

Our discounted-cash-flow model values the business at ~$72 per share in the base case (~$48–$100 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 1.5% while net income grew 31.6%: a 30pp 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 5.3% in a year, so each share owns more of the business.

Things to watch

  • Priced above our value. The share price of $105.80 is 32% above our value per share of $72.
  • Insiders selling. 5 insiders sold $18M of stock over the past 365 days and none bought (23% under pre-set trading plans).
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 0.2% ranks 6 of 7 food distributors companies we cover (median 0.1%).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 35.5% ranks 6 of 7 food distributors companies we cover (median 26.6%).
  • Short interest rising. Shares sold short rose 32% in a month to 7.3% of tradable shares.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$1.44 against an average estimate of $1.36: beat by 5.7%
Revenue
$10.53bn, up 4.5% on a year earlier
Share reaction
+8.3% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
net Sales growth growth 4% to 6% (Fiscal Year 2026); adjusted EBITDA growth growth 9% to 13% (Fiscal Year 2026)
Next report
November 5, 2026; average EPS estimate $1.25

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

Price chart

  • 1 day+2.1%
  • 1 week+4.4%
  • 1 month+9.2%
  • This year+40.5%
  • 1 year+45.7%
  • 5 years+188.8%
  • 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)
$40.1B
Operating margin
3.1%
Net margin
1.8%
EPS (TTM, diluted)
$3.25

Growth

Revenue growth
+3.8%
Change in growth rate
+0.2 pts
Share count change
−5.3%

Cash

Free cash flow (TTM)
$946M
FCF margin
2.4%
Stock pay % of revenue
0.2%

Earnings

Last results
August 6, 2026

News & updates

Updated October 31, 2026

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

  1. Agreement
  2. Announcement
  3. Announcement
  4. Insider trade
  5. Insider trade
  6. Results
  7. 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

US Foods Holding Corp. valuation models and calculator

What the price is pricing in

The share price implies about 9.3% a year of cash-flow growth for five years.That is close to the 6.4% a year revenue growth US Foods Holding has delivered.

  • Priced in9.3%
  • Last 12 months3.8%
  • 3 years a year4.7%
  • 5 years a year6.4%

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 ($103.15, 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
~$72
Price used
$103.15close November 3, 2026
Implied change
▼ 30%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of US Foods Holding Corp.'s free cash flow after stock-based pay with after-tax interest added back ($1.1B, FY2026 Q2 TTM), growing 5.1% and 4.2% in the next two years (forecasts, guidance and its record), then back to 4.3% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$48–~$100 ; that spread sets a 25% 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 US Foods Holding Corp.'s free cash flow after stock-based pay ( $1.1B, FY2026 Q2 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 US Foods Holding Corp. 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 0.81 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. ~$72 ~$48–$100 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. ~$30 ~$20–$47 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$31 ~$26–$37 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. ~$51 ~$30–$72 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare US Foods Holding Corp. 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 ▼ −33%
  • Revenue growth 5 points higher ▲ +43%
  • Free-cash-flow margin 1 point lower ▼ −44%
  • Last year's free-cash-flow margin change, if it persists ▼ −2%
  • Discount rate 1 point higher ▼ −19%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $49$75$109$155$214$291
8.5% $32$51$75$108$150$205
10% $21$36$55$80$112$153

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$27.48$31.93$31.18$41.77$33.31$34.83$34.02$45.41$68.17$76.37$105.80
Market value$5.6bn$7.2bn$6.8bn$9.2bn$7.3bn$7.8bn$7.7bn$11.4bn$16.6bn$17.6bn$23.7bn
+ Net debt (− = net cash)$3.7bn$3.7bn$3.4bn$4.7bn$5.0bn$4.9bn$4.7bn$4.4bn$4.9bn$5.2bn$5.2bn
Enterprise value$9.3bn$10.9bn$10.2bn$13.9bn$12.3bn$12.8bn$12.4bn$15.8bn$21.5bn$22.7bn$28.9bn
Multiples
Price / sales 0.2x0.3x0.3x0.4x0.3x0.3x0.2x0.3x0.4x0.4x0.6x
Price / earnings 26.7x16.3x16.7x23.9x—47.8x29.0x22.4x33.7x26.0x32.6x
Price / free cash flow 14.6x13.7x18.2x18.3x32.7x54.0x15.4x13.7x20.0x18.3x25.1x
EV / EBITDA 11.0x11.3x10.2x13.1x35.7x15.9x12.8x11.2x14.0x13.7x17.0x

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

46 /100

Moderate moat

How hard US Foods Holding'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 8 / 20

    Cash operating profit has been a median 7.0% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 17.3%, moving by 0.7 percentage points (standard deviation) across 10 years.

  • Durability 4 / 20

    Operating margin has been a median 2.7%; its worst year was 0.8%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 9 of 10 years, at a median 2.0% of revenue.

  • Discipline 16 / 20

    The diluted share count rose 1.1% 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

Next results: November 5, 2026, before the open. Analysts expect revenue of $10.6bn and EPS of $1.25 (range $1.20 to $1.29) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.77 +20% $41.5bn +5%
Next $5.53 +16% $43.1bn +4%

Next year's EPS estimate has moved +1.1% in 90 days, across 15 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.5% on 90 days ago. In the last 30 days, 0 analysts raised US Foods Holding Corp.'s forecast and 1 cut it.

Consensus EPS forecast US Foods Holding Corp., last 90 days
$4.50 $5.00 $5.50 $6.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.70 Current fiscal year, 60 days ago: $4.79 Current fiscal year, 30 days ago: $4.78 Current fiscal year, 7 days ago: $4.78 Current fiscal year, Now: $4.77 $4.77 Next fiscal year, 90 days ago: $5.48 Next fiscal year, 60 days ago: $5.52 Next fiscal year, 30 days ago: $5.55 Next fiscal year, 7 days ago: $5.55 Next fiscal year, Now: $5.53 $5.53

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

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.70$5.48
60 days ago $4.79$5.52
30 days ago $4.78$5.55
7 days ago $4.78$5.55
Now $4.77$5.53

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.36 $1.44 +5.7%
Mar 2026 $0.81 $0.78 −3.6%
Dec 2025 $1.01 $1.04 +3.4%
Sept 2025 $1.03 $1.07 +3.7%

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

Management guidance

Earnings release, August 6, 2026
  • Net Sales growth Fiscal Year 2026 4% growth to 6% growth Maintained
    “Net Sales growth of 4% to 6%” source
  • Adjusted Diluted EPS growth Fiscal Year 2026 18% growth to 24% growth Non-GAAP Maintained
    “Adjusted Diluted EPS growth of 18% to 24%” source
  • Adjusted EBITDA growth Fiscal Year 2026 9% growth to 13% growth Non-GAAP Maintained
    “Adjusted EBITDA growth of 9% to 13%” 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 US Foods Holding Corp.'s revenue by +5.1% next year and +4.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.4%, weight 56%) , management guidance (+5.2%, weight 19%) and the company's own record (+4.3%, weight 25%) . How the weights are set.

Analyst recommendations

15 analysts, Oct 2026
Buy1280%
Hold213%
Sell17%

Monthly trend

  1. Oct 202612215
  2. Sep 202612215
  3. Aug 202612316
  4. Jul 202612316

Counts of recommendations published by analysts covering US Foods Holding Corp., 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
7.3%
of tradable shares
Days to cover
5.9
at average volume
Short interest, 1 month
+32%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.5%
of shares
Employees
30,000
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 +45.7%

$72.62 on October 31, 2025 to $105.80

ThenNowEffect
Revenue (last 12 months) $38.7bn $40.1bn +3.8%
Net margin 1.4% 1.8% +26.8%
P/E multiple 31.1x 32.6x +4.8%
Share count 237m 224m +5.6%

Biggest factor: net margin.

Last 3 years +157.2%

$41.13 on November 3, 2023 to $105.80

ThenNowEffect
Revenue (last 12 months) $35.0bn $40.1bn +14.7%
Net margin 1.3% 1.8% +36.2%
P/E multiple 21.1x 32.6x +54.2%
Share count 240m 224m +6.8%

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
USFD+5%−2%+34%+49%+12%+41%
Industry peers (median)+21%−3%+3%+15%+3%+15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
USFD50%42%50%83%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
USFD−28%−33%−19%−10%−17%−21%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since May 26, 2016: 77% from September 20, 2019 to March 18, 2020. Getting back needed a 340% gain, reached on June 27, 2023, 1196 days after the low.

Price behaviour

52-week range
$70.05 – $110.94
From 52-week high
−4.6%
vs 50-day average
+6.4%
vs 200-day average
+11.8%
Volatility (1 year)
30%
Beta vs S&P 500
0.16

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
8 up, 4 down
typical move ±4.2%
After a week
9 up, 3 down
typical move ±6.1%
After a month
8 up, 4 down
typical move ±6.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +8.3% +0.5% +9.6% +3.5%
May 7, 2026 −8.3% +0.5% −8.8% −5.7%
February 12, 2026 +11.1% −1.5% +7.5% +2.0%
January 12, 2026 +4.9% 0.0% +10.4% +19.0%
November 6, 2025 −0.8% −1.0% −2.7% +1.0%
September 10, 2025 +2.3% +1.1% +0.9% −3.6%
August 7, 2025 −5.5% +0.7% −8.9% −7.6%
May 8, 2025 +3.7% +0.6% +9.7% +11.3%
February 13, 2025 +1.9% +1.1% +0.3% −5.6%
January 13, 2025 −0.6% +0.3% +2.7% +3.8%
November 7, 2024 +1.7% +1.2% +0.3% +5.7%
August 8, 2024 +1.8% +2.8% +11.6% +11.7%

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 US Foods Holding Corp.’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.

US Foods Holding Corp. 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) US Foods Holding Corp.
$34B $36B $38B $40B $42B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $35.2B Revenue (TTM), FY23 Q4: $35.6B Revenue (TTM), FY24 Q1: $36B Revenue (TTM), FY24 Q2: $36.7B Revenue (TTM), FY24 Q3: $37.3B Revenue (TTM), FY24 Q4: $37.9B Revenue (TTM), FY25 Q1: $38.3B Revenue (TTM), FY25 Q2: $38.7B Revenue (TTM), FY25 Q3: $39.1B Revenue (TTM), FY25 Q4: $39.4B Revenue (TTM), FY26 Q1: $39.7B Revenue (TTM), FY26 Q2: $40.1B $40.1B

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

View chart data
Period Revenue (TTM)
FY23 Q3 $35.2B
FY23 Q4 $35.6B
FY24 Q1 $36B
FY24 Q2 $36.7B
FY24 Q3 $37.3B
FY24 Q4 $37.9B
FY25 Q1 $38.3B
FY25 Q2 $38.7B
FY25 Q3 $39.1B
FY25 Q4 $39.4B
FY26 Q1 $39.7B
FY26 Q2 $40.1B
Revenue growth, TTM YoY US Foods Holding Corp.
3% 4% 5% 6% 7% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 6.0% Revenue growth, TTM YoY, FY23 Q4: 4.5% Revenue growth, TTM YoY, FY24 Q1: 3.5% Revenue growth, TTM YoY, FY24 Q2: 4.9% Revenue growth, TTM YoY, FY24 Q3: 6.1% Revenue growth, TTM YoY, FY24 Q4: 6.4% Revenue growth, TTM YoY, FY25 Q1: 6.3% Revenue growth, TTM YoY, FY25 Q2: 5.3% Revenue growth, TTM YoY, FY25 Q3: 4.8% Revenue growth, TTM YoY, FY25 Q4: 4.1% Revenue growth, TTM YoY, FY26 Q1: 3.7% Revenue growth, TTM YoY, FY26 Q2: 3.8% 3.8%

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

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 6.0%
FY23 Q4 4.5%
FY24 Q1 3.5%
FY24 Q2 4.9%
FY24 Q3 6.1%
FY24 Q4 6.4%
FY25 Q1 6.3%
FY25 Q2 5.3%
FY25 Q3 4.8%
FY25 Q4 4.1%
FY26 Q1 3.7%
FY26 Q2 3.8%
Operating margin (TTM) US Foods Holding Corp.
2.6% 2.8% 3% 3.2% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 2.7% Operating margin (TTM), FY23 Q4: 2.9% Operating margin (TTM), FY24 Q1: 2.8% Operating margin (TTM), FY24 Q2: 2.8% Operating margin (TTM), FY24 Q3: 2.9% Operating margin (TTM), FY24 Q4: 2.9% Operating margin (TTM), FY25 Q1: 3.0% Operating margin (TTM), FY25 Q2: 3.0% Operating margin (TTM), FY25 Q3: 3.0% Operating margin (TTM), FY25 Q4: 3.0% Operating margin (TTM), FY26 Q1: 3.0% Operating margin (TTM), FY26 Q2: 3.1% 3.1%

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

View chart data
Period Operating margin (TTM)
FY23 Q3 2.7%
FY23 Q4 2.9%
FY24 Q1 2.8%
FY24 Q2 2.8%
FY24 Q3 2.9%
FY24 Q4 2.9%
FY25 Q1 3.0%
FY25 Q2 3.0%
FY25 Q3 3.0%
FY25 Q4 3.0%
FY26 Q1 3.0%
FY26 Q2 3.1%
FCF margin (TTM) US Foods Holding Corp.
1.5% 2% 2.5% 3% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 2.4% FCF margin (TTM), FY23 Q4: 2.3% FCF margin (TTM), FY24 Q1: 1.8% FCF margin (TTM), FY24 Q2: 2.0% FCF margin (TTM), FY24 Q3: 1.9% FCF margin (TTM), FY24 Q4: 2.2% FCF margin (TTM), FY25 Q1: 2.8% FCF margin (TTM), FY25 Q2: 2.4% FCF margin (TTM), FY25 Q3: 2.5% FCF margin (TTM), FY25 Q4: 2.4% FCF margin (TTM), FY26 Q1: 2.1% FCF margin (TTM), FY26 Q2: 2.4% 2.4%

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

View chart data
Period FCF margin (TTM)
FY23 Q3 2.4%
FY23 Q4 2.3%
FY24 Q1 1.8%
FY24 Q2 2.0%
FY24 Q3 1.9%
FY24 Q4 2.2%
FY25 Q1 2.8%
FY25 Q2 2.4%
FY25 Q3 2.5%
FY25 Q4 2.4%
FY26 Q1 2.1%
FY26 Q2 2.4%

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 US Foods Holding 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 $39.4B
  2. Cost of revenue $32.6B · 82.6%
  3. Gross profit $6.9B · 17.4%
  4. Selling, general and admin $5.6B · 14.3%
  5. Operating income $1.2B · 3.0%
  6. Income tax $222M · 0.6%
  7. Interest and other $301M · 0.8%
  8. Net income $676M · 1.7%

Shares of revenue. Source: US Foods Holding'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 2014 Dec 2014 2015 Jan 2016 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Jan 2021 2021 Jan 2022 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 23.0 23.1 22.9 24.1 24.2 25.9 22.9 29.5 34.1 35.6 37.9 39.4 40.1
Gross profit 3.8 4.0 4.1 4.2 4.3 4.6 3.7 4.7 5.5 6.1 6.5 6.9 7.0
EBITDA 0.7 0.6 0.8 1.0 1.0 1.1 0.3 0.8 1.0 1.4 1.5 1.7 1.7
Operating income 0.3 0.2 0.4 0.6 0.7 0.7 −0.1 0.4 0.6 1.0 1.1 1.2 1.3
Net income −0.1 0.2 0.2 0.4 0.4 0.4 −0.2 0.2 0.3 0.5 0.5 0.7 0.7
Diluted EPS −$0.43 $0.98 $1.03 $1.97 $1.87 $1.75 −$1.15 $0.54 $1.01 $2.02 $2.02 $2.94 $3.25
Growth (year on year)
Revenue — +0.5% −0.9% +5.4% +0.1% +7.3% −11.8% +28.8% +15.5% +4.5% +6.4% +4.1% +3.8%
EBITDA — −11.3% +42.6% +15.0% +3.3% +6.3% −67.5% — +20.4% +46.2% +8.9% +8.1% +6.5%
Operating income — — — — +11.9% +6.2% −111.0% — — — +8.1% +9.1% +7.2%
Margins
Gross margin 16.5% 17.4% 17.7% 17.5% 17.8% 17.7% 16.3% 15.8% 16.1% 17.3% 17.3% 17.4% 17.6%
EBITDA margin 2.9% 2.5% 3.7% 4.0% 4.1% 4.1% 1.5% 2.7% 2.8% 4.0% 4.1% 4.2% 4.2%
Operating margin 1.1% 0.8% 1.8% 2.4% 2.7% 2.7% −0.3% 1.4% 1.7% 2.9% 2.9% 3.0% 3.1%
Net margin −0.3% 0.7% 0.9% 1.8% 1.7% 1.5% −1.0% 0.6% 0.8% 1.4% 1.3% 1.7% 1.8%
Free-cash-flow margin 1.1% 1.6% 1.7% 2.2% 1.5% 1.9% 1.0% 0.5% 1.5% 2.3% 2.2% 2.4% 2.4%
Cash flow
Cash from operations 0.4 0.6 0.5 0.7 0.6 0.8 0.4 0.4 0.8 1.1 1.2 1.4 1.4
Capital spending 0.1 0.2 0.2 0.2 0.2 0.3 0.2 0.3 0.3 0.3 0.3 0.4 0.4
Free cash flow 0.3 0.4 0.4 0.5 0.4 0.5 0.2 0.1 0.5 0.8 0.8 1.0 0.9
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1
Free cash flow after stock pay 0.2 0.4 0.4 0.5 0.3 0.5 0.2 0.1 0.5 0.8 0.8 0.9 0.9
Balance sheet
Cash 0.3 0.5 0.1 0.1 0.1 0.1 0.8 0.1 0.2 0.3 0.1 0.0 0.1
Total debt 0.0 4.8 3.8 3.8 3.5 4.8 5.8 5.1 4.9 4.7 5.0 5.2 5.2
Net debt (negative = net cash) −0.3 4.3 3.7 3.7 3.4 4.7 5.0 4.9 4.7 4.4 4.9 5.2 5.2
Diluted shares 169m 171m 204m 226m 218m 220m 220m 225m 226m 250m 244m 230m 224m
Returned to shareholders
Buybacks — — 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.3 0.9 0.9 1.1
Total returned — — 0.0 0.3 0.0 0.0 0.0 0.0 0.0 0.3 0.9 0.9 1.1

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 7 checks passed · June 27, 2026
What it owns · $14.3bn
Short-term assets $4.4bnLonger-term assets $9.9bn
What it owes, and who funded it · $14.3bn
Short-term liabilities $3.9bnLonger-term liabilities $6.1bnShareholders' equity $4.3bn
  • Short-term assets cover short-term liabilities $4.4bn of assets due within a year against $3.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $4.4bn short-term assets against $6.1bn of longer-dated liabilities.
  • More cash than debt $56m of cash against $5.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 119% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 132% to 119% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.4bn of operating cash flow against $5.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.3bn against $306m of interest.

From US Foods Holding Corp.'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 Q2 TTM
Buybacks (TTM)
$1.1B
Returned to shareholders
116%
of free cash flow
Buybacks, last 3 fiscal years
$2.2B
Diluted share count
−5.3%
year over year
Total shareholder yield
4.8%
dividends 0.0% + buybacks 4.8% of market value
Sales & admin spending
14.3%
of revenue
Days sales outstanding
20 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in food distributors
Last 12 months unless stated USFD UNFI PFGC SYY CHEF DIT Median
Revenue, last 12 months $40.1bn $31.2bn $67.8bn $84.6bn $4.5bn $3.0bn $31.2bn
Revenue growth, last 12 months 3.8% −2.0% 7.2% 3.9% 11.5% 7.5% 3.9%
Revenue growth, 3-year average 4.7% 1.0% 5.8% 3.5% 11.2% 6.7% 4.7%
Revenue growth, latest quarter 4.5% −0.7% 6.4% 4.7% 11.2% 12.9% 4.7%
Gross margin 17.6% 13.5% 11.9% 18.5% 24.7% 6.3% 16.6%
Operating margin 3.1% 0.7% 1.3% 3.7% 4.1% 0.4% 1.3%
Operating margin, 3-year average 3.0% 0.2% 1.3% 3.8% 3.7% 0.6% 1.3%
Net margin 1.8% 0.3% 0.5% 2.1% 2.3% 0.1% 0.5%
Cash from operations / revenue 3.4% 1.7% 2.1% 3.1% 4.8% 0.5% 2.3%
Free-cash-flow margin 2.4% 1.0% 1.5% 2.3% 4.0% 0.1% 1.5%
Free-cash-flow margin, 3-year average 2.3% 0.5% 1.3% 2.3% 2.6% 0.5% 1.3%
Stock pay / revenue 0.2% 0.2% 0.0% 0.1% 0.6% 0.1% 0.1%
Change in share count −5.3% 4.3% 0.4% −1.9% −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 3.8% 3.9% 5 of 7
Change in growth rate Growth +0.2pp +0.4pp 5 of 7
Gross margin Profitability 17.6% 16.6% 3 of 7
Operating margin Profitability 3.1% 1.3% 3 of 7
Net margin Profitability 1.8% 0.5% 3 of 7
Free-cash-flow margin Cash generation 2.4% 1.5% 2 of 7
Stock pay as % of revenue Cash generation 0.2% 0.1% 6 of 7
Long-term debt as % of assets Balance sheet 35.5% 26.6% 6 of 7
Change in share count Balance sheet -5.3% 0.4% 1 of 7
Days sales outstanding Balance sheet 20 days 16 days 4 of 5

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

Where the revenue comes from

Fiscal year to December 27, 2025
Products and services
Line of business Revenue Share YoY
Product One $14B 35.4% ▲ 8.1%
Product Two $6.7B 17.0% ▲ 0.9%
Product Three $6.6B 16.8% ▲ 3.3%
Product Four $4.2B 10.7% ▲ 4.4%
Product Five $3.6B 9.2% ▲ 1.8%
Product Six $2.3B 5.9% ▲ 8.2%
Product Seven $1.9B 4.9% ▼ 8.8%

From US Foods Holding Corp.'s 10-K filed February 12, 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
$24.1B
Institutions reporting
664
Shares held vs prior quarter
▲ 1.6%
Positions opened / closed
73 / 82

Top buyers and sellers, Q2 2026: 301 institutions bought and 355 sold ; the biggest buyer was Wellington Management Group LLP (+7.3M shares) and the biggest seller FMR LLC (−4.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Wellington Management Group LLP $2.4B 23.0M 9.8% ▲ 46.1%
Blackrock, Inc. $2.1B 20.8M 8.9% ▲ 2.0%
Boston Partners $1.9B 18.6M 7.9% ▲ 13.5%
Vanguard Portfolio Management LLC $1B 10.1M 4.3% ▼ 0.6%
Vanguard Capital Management LLC $1B 10.0M 4.2% ▲ 0.6%
FMR LLC $914M 8.9M 3.8% ▼ 35.1%
T. Rowe Price Investment Management, Inc. $751M 7.3M 3.1% ▲ 29.4%
State Street Corp $715M 7.0M 3.0% ▲ 1.7%
Invesco Ltd. $580M 5.7M 2.4% ▼ 7.2%
Victory Capital Management Inc $557M 5.4M 2.3% ▼ 10.4%
Capital World Investors $532M 5.2M 2.2% ▼ 33.1%
Lone Pine Capital LLC $503M 4.9M 2.1% ▲ 29.5%

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 US Foods Holding Corp.'s complete shareholder register. Values are as reported by the filers ; 2 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 → $18.5M 8 trades by 5 insiders · 23% under pre-set plans
Net ▼ $18.5M net selling
Insider Date Trade Shares Price Value
Taylor Randy J See Remarks August 13, 2026 Sell 5,199 $110.34 $573,658
Taylor Randy J See Remarks August 13, 2026 Sell 6,431 $110.40 $709,982
Hancock William Spencer See Remarks August 7, 2026 Sell 21,754 $108.29 $2.4M
Locascio Dirk J. EVP, Chief Financial Officer March 30, 2026 Sell pre-set plan 20,000 $91.19 $1.8M
Locascio Dirk J. EVP, Chief Financial Officer February 25, 2026 Sell pre-set plan 25,101 $96.59 $2.4M
Works James David Jr See Remarks February 18, 2026 Sell 19,291 $96.53 $1.9M
Works James David Jr See Remarks February 18, 2026 Sell 46,446 $96.52 $4.5M
Guberman Steven See Remarks November 11, 2025 Sell 58,632 $72.00 $4.2M

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 24 trades and filings

No trades in US Foods Holding Corp. disclosed in the last 12 months; 24 earlier trades on record.

  • Val T. Hoyle(D-OR 4):Sale (full), $1,001 - $15,000, traded September 23, 2025, filed October 10, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded August 13, 2025, filed September 12, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded July 10, 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 October 21, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 12, 2026
  • January 12, 2026
  • November 6, 2025
  • September 10, 2025

Recent SEC filings

Data status

When each part of this page on US Foods Holding Corp. 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.

US Foods Holding Corp. in brief

What does US Foods Holding Corp. do?
US Foods Holding Corp. is a US-listed company in the food distributors industry. Its financial year ends in December.
What is US Foods Holding Corp.'s stock ticker?
US Foods Holding Corp. trades under the ticker USFD on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is US Foods Holding Corp.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, US Foods Holding Corp. reported revenue of $40.1B, 3.8% higher than a year earlier, according to its SEC filings.
What is US Foods Holding Corp.'s free cash flow?
US Foods Holding Corp.'s free-cash-flow margin is 2.4% of revenue over the trailing twelve months, ranking 2 of the 7 food distributors companies we cover.
What is US Foods Holding Corp.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of US Foods Holding Corp.'s free cash flow after stock-based pay gives ~$72 per share in the base case, and ~$48–$100 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are US Foods Holding Corp.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Wellington Management Group LLP, Blackrock, Inc. and Boston Partners. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is US Foods Holding Corp. buying back stock, and does it pay a dividend?
US Foods Holding Corp. spent $1.1B on share repurchases over the trailing twelve months, and its diluted share count fell 5.3% over the year.
What is US Foods Holding Corp.'s market cap?
On November 2, 2026, US Foods Holding Corp.'s market capitalisation was about $23.7B, with a price-to-earnings ratio of 32.6 and net debt of $5.2B. Market figures come from third-party market data and may be delayed.
How much debt does US Foods Holding Corp. have?
US Foods Holding Corp.'s debt-to-equity ratio is 118.9%, from its latest balance sheet (131.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are US Foods Holding Corp.'s competitors?
In our Food Distributors peer group, the companies closest to US Foods Holding Corp. are United Natural Foods Inc, Performance Food Group Co, Sysco, Chefs' Warehouse, Inc. and Amcon Distributing Co. The side-by-side comparison below sets their revenue, margins and growth against US Foods Holding Corp.'s.
Are insiders buying or selling US Foods Holding Corp. stock?
Over the last 12 months, US Foods Holding Corp.'s directors and officers reported 0 open-market purchases and 8 sales on Form 4. The insider trading page charts every trade.
When is US Foods Holding Corp.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — US Foods Holding Corp. announces its own schedule.