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US Foods Holding Corp. key statistics and ratios

In fiscal 2025, US Foods Holding Corp. had return on equity of 15.3%, an operating margin of 3.0%, debt equal to 121.3% of equity and a current ratio of 1.16. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2014Dec 20142015Jan 20162016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Jan 20212021Jan 20222022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Gross margin16.5%17.4%17.7%17.5%17.8%17.7%16.3%15.8%16.1%17.3%17.3%17.4%17.6%
Operating margin1.1%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 margin1.1%1.6%1.7%2.2%1.5%1.9%1.0%0.5%1.5%2.3%2.2%2.4%2.4%
Return on equity−4.5%9.6%9.5%16.8%13.6%11.1%−6.2%4.5%6.9%11.6%10.7%15.3%17.0%
Return on assets—1.8%2.3%4.9%4.5%3.8%−1.9%1.3%2.1%3.9%3.7%4.9%5.1%
Asset turnover—2.502.522.692.652.531.932.362.692.742.852.882.84
Current ratio—1.701.421.411.441.381.751.411.371.301.211.161.14
Debt to equity0.0%256.0%149.8%138.1%107.4%128.8%164.5%135.7%123.6%99.1%109.5%121.3%122.4%
Interest cover (operating income ÷ interest)0.9x0.7x1.8x3.5x3.8x3.8xn/m2.0x2.3x3.1x3.5x3.9x4.1x
Effective tax rate—12.8%—−9.9%17.9%24.7%—23.4%26.6%25.4%23.3%24.7%24.2%
SG&A as % of revenue15.4%15.8%15.6%15.0%15.1%15.0%16.4%14.3%14.3%14.4%14.3%14.3%14.3%
Capital spending as % of revenue0.6%0.8%0.7%0.9%1.0%1.0%0.8%0.9%0.8%0.9%0.9%1.0%1.1%
Free cash flow ÷ net income—219.9%183.3%118.9%91.9%130.4%—88.4%188.7%164.2%168.6%141.9%129.9%
Dividends and buybacks ÷ free cash flow——0.0%53.0%0.0%0.0%0.0%0.0%2.8%35.4%113.8%96.6%116.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

Compare with peers

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Figures from US Foods Holding Corp.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to US Foods Holding Corp.