CHEFNasdaqWholesale-Groceries, General LineFiscal year ends December 26
Chefs' Warehouse, Inc.
Financials through Q1 FY2026, quarter ended Mar 27, 2026Last filing: 10-Q on Jul 29, 2026
$111.28−2.29 (-2.02%)
Close on Oct 19, 2026
- Market cap
- $5.13B
- P/E (TTM)
- 61.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
24.2%+1.9 pts over 5 years
Operating margin
3.5%+12.7 pts over 5 years
Net margin
1.7%+9.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.4% | +16.7% | +30.1% | +14.8% | |
| Gross profit | +9.8% | +17.5% | +32.3% | +14.1% | |
| Operating income | +13.2% | +19.2% | – | +13.6% | |
| Net income | +30.4% | +37.6% | – | +16.1% | |
| EPS, diluted | +27.3% | +32.0% | – | +10.3% | |
| Free cash flow | -15.2% | – | +19.6% | +18.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 1.6% | -24.4% | 12.7% | |
| Return on assets | 0.5% | -8.3% | 3.7% | |
| Current ratio | 2.46 | 3.43 | 2.05 | |
| Debt to equity | 1.72 | 1.17 | 1.24 | |
| Net debt to EBITDA | 5.52× | -2.54× | 3.16× | |
| Interest coverage | 1.1× | -4.9× | 3.5× | |
| Inventory turnover | 9.9× | 8.4× | 9.0× | |
| Capex to revenue | 1.4% | 0.6% | 1.0% | |
| Diluted shares | 26M | 34M | 46M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Chefs' Warehouse generated $386.95M from operations and spent $265.41M on capital expenditure, dividends and share buybacks. 88% of that went back into the business.
Generated
$386.95M
Used
$265.41M
Capital expenditure$233.01M88%Dividends$00%Share buybacks$32.40M12%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.7%
×Asset turnover2.14×
×Equity multiplier3.40×
=Return on equity, FY202512.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.7% | 2.14× | 3.40× | 12.7% |
| FY2024 | 1.5% | 2.13× | 3.59× | 11.2% |
| FY2023 | 1.0% | 2.14× | 3.75× | 8.1% |
| FY2022 | 1.1% | 2.02× | 3.44× | 7.4% |
| FY2021 | -0.3% | 1.70× | 2.95× | -1.4% |
| FY2020 | -7.5% | 1.12× | 2.92× | -24.4% |
| FY2019 | 1.5% | 1.82× | 2.71× | 7.5% |
| FY2018 | 1.4% | 2.03× | 2.55× | 7.3% |
| FY2017 | 1.1% | 1.97× | 2.99× | 6.5% |
| FY2016 | 0.3% | 1.97× | 3.18× | 1.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$72.36M
- Cash generatingOperating cash flow above zero$129.22M
- Return on assets improvedROA up on the prior year3.3% → 3.9%
- Earnings backed by cashOperating cash flow above net income$129.22M vs $72.36M
- Less leverageLong-term debt to assets fell37.1% → 35.5%
- Better liquidityCurrent ratio rose2.04 → 2.05
- No dilutionShare count did not rise46M → 46M
- Gross margin improvedGross margin up on the prior year24.09% → 24.20%
- More efficientAsset turnover rose2.22 → 2.23