Performance Food Group Company
PFGC Consumer Defensive Food Distribution
Performance Food Group Company’s revenue for fiscal 2026 (year ended June 2026) was $67.8 billion, up 7.17% from fiscal 2025. In the quarter to June 2026, revenue grew 6.43%, EPS grew 22.4%, free cash flow grew 6.02% and total debt fell 3.32%, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for five.
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Performance Food Group Company (PFGC) Altman Z-score
Performance Food Group Company's Altman Z-score for fiscal 2026 is 4.82, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 4.82 | 0.22 |
| FY2025 | 4.60 | (0.97) |
| FY2024 | 5.57 | (0.19) |
| FY2023 | 5.76 | 0.82 |
| FY2022 | 4.94 | 0.09 |
| FY2021 | 4.85 | 1.11 |
| FY2020 | 3.74 | (1.83) |
| FY2019 | 5.57 | (0.14) |
| FY2018 | 5.71 | 0.30 |
| FY2017 | 5.41 | (0.24) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.14 | — | 0.17 | |
| Retained earnings / total assets | 0.11 | — | 0.15 | |
| EBIT / total assets | 0.05 | — | 0.16 | |
| Market value of equity / total liabilities | 1.25 | — | 0.75 | |
| Sales / total assets | 3.60 | — | 3.60 | |
| Altman Z-score | Safe zone | 4.82 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.95 | ||
Z and Z″ put Performance Food Group Company in different zones: safe zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| WILCF G. Willi-Food International, Ltd. compare | 14.7× |
| UNFI United Natural Foods, Inc. compare | 5.2× |
| SYY Sysco Corporation compare | 5.1× |
| PFGC Performance Food Group Company | 4.8× |
| USFD US Foods Holding Corp. compare | 4.5× |
| ANDE The Andersons, Inc. compare | 4.1× |
| CHEF The Chefs' Warehouse, Inc. compare | 3.7× |
| AVO Mission Produce, Inc. compare | 3.6× |
| HFFG HF FOODS GROUP INC. compare | 1.3× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets