The Chefs' Warehouse, Inc.

CHEF Consumer Defensive Food Distribution

The Chefs' Warehouse, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.1 billion, up 9.36% from fiscal 2024.

Revenue
+11.2%
EPS
+49.1%
Free cash flow
+282.5%
Total debt
−0.61%

Quarter to September 2026, against a year earlier

103.17 0.18 −0.17%
Market cap
$4.5B
P/E
38.9×
Fwd P/E
41.2×
Dividend yield
—
F-score
8/9
Altman Z
3.73
Beneish M
−2.57
Dividend safety
n/a

The Chefs' Warehouse, Inc. (CHEF) Gross margin

Alert me on Gross margin

The Chefs' Warehouse, Inc.'s gross margin over the twelve months to 30 September 2026 was 24.7%, up 0.5 percentage points from fiscal 2025 (24.2%). Over the past ten years it has ranged from 22.3% (fiscal 2020) to 25.7% (fiscal 2015); the current reading is higher than 64% of that period. That is above the Food Distribution industry median of 16.6% and below the Consumer Defensive sector median of 34.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 24.2% 0.11
FY2024 24.1% 0.37
FY2023 23.7% 0.05
FY2022 23.7% 1.30
FY2021 22.4% 0.05
FY2020 22.3% (1.96)
FY2019 24.3% 0.13
FY2018 24.2% (1.16)
FY2017 25.3% 0.06
FY2016 25.3% (0.42)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 25.0% (0.02)
Jun 2026 25.1% 0.76
Mar 2026 24.3% 0.09
Dec 2025 24.2% 0.01
43 more quarters

Against its own ten years

Low 22.3% High 25.7%
Ten-year median 24.2%
Current reading's percentile 74

Gross margin against peers

Company Gross margin
WILCF G. Willi-Food International, Ltd. compare 30.3%
CHEF The Chefs' Warehouse, Inc. 24.7%
SYY Sysco Corporation compare 18.5%
USFD US Foods Holding Corp. compare 17.8%
HFFG HF FOODS GROUP INC. compare 16.6%
UNFI United Natural Foods, Inc. compare 13.5%
PFGC Performance Food Group Company compare 12.0%
AVO Mission Produce, Inc. compare 11.4%
ANDE The Andersons, Inc. compare 7.19%
Food Distribution industry median 16.6%
Consumer Defensive sector median 34.6%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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