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

103.87 2.97 −2.78%
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) Operating margin

Alert me on Operating margin

The Chefs' Warehouse, Inc.'s operating margin over the twelve months to 30 September 2026 was 4.14%, up 0.6 percentage points from fiscal 2025 (3.50%). Over the past ten years it has ranged from −9.24% (fiscal 2020) to 3.96% (fiscal 2016); the current reading is higher than 82% of that period. That is above the Food Distribution industry median of 1.79% and above the Consumer Defensive sector median of 1.70%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 3.50% 0.12
FY2024 3.38% 0.44
FY2023 2.94% (0.34)
FY2022 3.28% 2.66
FY2021 0.62% 9.86
FY2020 −9.24% (12.42)
FY2019 3.18% (0.18)
FY2018 3.36% 0.20
FY2017 3.16% (0.80)
FY2016 3.96% 0.10

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 4.53% (0.49)
Jun 2026 5.02% 1.89
Mar 2026 3.13% (0.65)
Dec 2025 3.78% (0.03)
43 more quarters

Against its own ten years

Low −9.24% High 3.96%
Ten-year median 3.28%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
WILCF G. Willi-Food International, Ltd. compare 12.8%
CHEF The Chefs' Warehouse, Inc. 4.14%
SYY Sysco Corporation compare 3.54%
USFD US Foods Holding Corp. compare 3.35%
AVO Mission Produce, Inc. compare 1.79%
ANDE The Andersons, Inc. compare 1.62%
PFGC Performance Food Group Company compare 1.36%
UNFI United Natural Foods, Inc. compare 0.68%
HFFG HF FOODS GROUP INC. compare −2.75%
Food Distribution industry median 1.79%
Consumer Defensive sector median 1.70%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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