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Sysco Corporation

SYY Consumer Defensive Food Distribution

Sysco Corporation’s revenue for fiscal 2026 (year ended June 2026) was $84.6 billion, up 3.91% from fiscal 2025.

Revenue
+2.82%
EPS
+10.4%
Free cash flow
+560.0%
Total debt
+3.50%

Quarter to September 2026, against a year earlier

75.26 1.68 −2.18%
Market cap
$37.0B
P/E
20.0×
Fwd P/E
17.2×
Dividend yield
2.90%
F-score
7/9
Altman Z
5.07
Beneish M
−2.57
Dividend safety
78/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2026

  • US Foodservice Operations
  • International Foodservice Operations
  • SYGMA
  • Other

Every year since 2009 →

Insider Decisions last twelve months

Bought, $m 1.19
Sold, $m 1.99
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 1 — — — — — 1
Sell — 1 1 — — — — — 2 1 — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 37,010.00
Revenue ttm 85,149.00
Net income ttm 1,807.00
Free cash flow ttm 2,394.00
Net debt Q 10,649.00
Valuation
P/E 20.00
Forward P/E 17.20
Price / sales 0.43
Forward P/S Powerpack
Price / FCF 15.13
Price / book 8.96 (above 6: high)
Financial health
Current ratio Q 1.46
Debt / equity Q 3.42 (above 2: weak)
Interest coverage Q 2.75
Growth
Revenue growth Q +2.82% (above 0%: growing)
Operating income growth Q −10.38% (below 0%: shrinking)
EPS, this year +9.93%
EPS, next year A +6.69%
Revenue, next year A +6.42%
EPS, past 5 yrs +29.11% (at or above 15%: strong)
EPS, next 5 yrs A +8.59%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.6×, against a ten-year median of 0.7×; over the ten years it ranged from 0.5× in 2020 to 1.2× in 2021.
P/E against its own 10 years 19.81%
10-year low 10-year high
P/S against its own 10 years 3.04%
10-year low 10-year high
P/B against its own 10 years 8.10%
10-year low 10-year high
EV/Sales against its own 10 years 1.69%
10-year low 10-year high
EV/FCF against its own 10 years 2.68%
10-year low 10-year high

Dividends raised every year since 2018

Yield
2.90%
Annual rate
2.18
Payout ratio
58.0%
Growth, 2018–26
+5.32%/yr
  1. 1.44 ’18
  2. 1.56 ’19 +8
  3. 1.80 ’20 +15
  4. 1.84 ’21 +2
  5. 1.92 ’22 +4
  6. 1.98 ’23 +3
  7. 2.02 ’24 +2
  8. 2.10 ’25 +4
  9. 2.18 ’26 +4
paid change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 696 1,071 1,786 3,171
Receivables 5,346 5,506 5,886 6,302
Inventory 4,678 5,053 5,338 5,455
Other — — — —
11,043 11,968 13,437 15,412
2024 2025 2026 Q'26
Payables 6,290 6,512 6,640 6,736
ST’ Debt 469 949 1,201 960
Other — — — —
9,241 9,916 10,523 10,525

Compound Annual Growth %

10y 5y 3y
Sales 5.32% 10.51% 3.47%
Cash Flow 2.87% 6.74% (2.75%)
Earnings 6.35% 27.37% (0.25%)
Book Value (2.63%) 11.41% 9.89%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate 1.17 Actual 1.19

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 0.98 0.99 Beat by 0.01
Q3 FY26 0.95 0.94 Miss by 0.01
Q4 FY26 1.51 1.53 Beat by 0.02
Q1 FY27 1.17 1.19 Beat by 0.02
Q2 FY27 1.08 — Reports 26 January 2027

EPS $

Sep Dec Mar Jun Year
’26 1.09 — — — —
’26 0.99 0.81 0.71 1.15 3.66
’25 0.99 0.82 0.82 1.10 3.73
’24 0.99 0.82 0.85 1.23 3.89
’23 0.91 0.28 0.84 1.44 3.47
’22 0.73 0.33 0.59 0.99 2.64
’21 0.42 0.13 0.17 0.29 1.02
Fiscal quarters ending in the months shown.

Revenue $m

Sep Dec Mar Jun Year
’26 21,744 — — — —
’26 21,148 20,762 20,519 22,124 84,553
’25 20,484 20,151 19,598 21,137 81,370
’24 19,620 19,288 19,380 20,556 78,844
’23 19,127 18,594 18,876 19,729 76,325
’22 16,457 16,320 16,902 18,957 68,636
’21 11,777 11,559 11,825 16,137 51,298
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Sep Dec Mar Jun Year
’26 278 — — — —
’26 86 525 852 1,175 2,638
’25 53 445 819 1,193 2,510
’24 87 769 517 1,616 2,989
’23 159 345 922 1,442 2,868
’22 111 266 369 1,045 1,791
’21 931 6 543 424 1,904
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Sep Dec Mar Jun Year
’26 230 — — — —
’26 (50) 463 720 981 2,114
’25 8 323 623 864 1,818
’24 (73) 600 337 1,372 2,236
’23 14 206 760 1,137 2,117
’22 31 170 233 748 1,182
’21 862 (74) 460 244 1,492
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 6.0% a year for ten years. It grew 2.8% a year over the last ten.

Implied
6.0%
10 years, reported
2.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to June

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 55,371 58,727 60,114 52,893 51,298 68,636 76,325 78,844 81,370 84,553 85,149 +4.8% 89,982 91,988 96,181 +4.4%
Gross margin, % 19.07 18.88 18.98 18.72 18.24 17.95 18.28 18.53 18.40 18.50 18.54 (0.6) pt
EBT 1,766 1,956 2,006 293 585 1,747 2,285 2,565 2,415 2,276 2,363 +2.9%
EBT margin, % 3.19 3.33 3.34 0.55 1.14 2.55 2.99 3.25 2.97 2.69 2.78 (0.5) pt
Net income 1,143 1,431 1,674 215 524 1,359 1,770 1,955 1,828 1,757 1,807 +4.9%
Per share, $
Per share, $ Revenue 101.88 112.31 116.30 103.69 100.45 134.41 150.43 157.30 166.69 176.48 176.90 +6.3%
Earnings 2.10 2.74 3.24 0.42 1.03 2.66 3.49 3.90 3.74 3.67 3.76 +6.4%
Cash flow 4.11 4.12 4.66 3.17 3.73 3.51 5.65 5.96 5.14 5.51 5.88 +3.3%
Capex (1.22) (1.27) (1.30) (1.36) (0.81) (1.19) (1.48) (1.50) (1.42) (1.09) (0.91) (1.2%)
Free cash flow 2.89 2.85 3.37 1.82 2.92 2.31 4.17 4.46 3.72 4.41 4.97 +4.8%
Book value 4.38 4.79 4.84 2.27 3.04 2.71 3.96 3.71 3.75 5.56 8.40 +2.7%
Shares, m 543 523 517 510 511 511 507 501 488 479 480 (1.4%)
Valuation, ×
Valuation, × P/E 24.08 24.80 21.75 135.46 76.23 31.73 21.20 17.92 20.20 22.84 20.00 39.6
P/S 0.49 0.61 0.61 0.53 0.77 0.63 0.49 0.44 0.45 0.47 0.43 0.6
P/B 11.49 14.18 14.60 24.07 25.57 31.29 18.74 18.83 20.20 15.02 8.96 19.4
EV/Sales 0.63 0.74 0.73 0.69 0.93 0.77 0.62 0.59 0.60 0.61 0.55 0.7
EV/FCF 22.09 29.07 25.39 39.13 32.02 44.87 22.35 20.71 27.07 24.49 19.58 28.7
Cash, $m
Cash, $m Operating cash flow 2,233 2,155 2,411 1,619 1,904 1,791 2,868 2,989 2,510 2,638 2,830 +1.9%
Capex (663) (666) (671) (692) (412) (609) (751) (753) (692) (524) (436) (2.6%)
Free cash flow 1,570 1,490 1,740 927 1,492 1,182 2,117 2,236 1,818 2,114 2,394 +3.4%
Balance, $m
Balance, $m Working capital 1,938 1,415 2,038 5,630 3,414 1,733 2,068 1,802 2,052 2,914 4,887 +4.6%
Net debt 7,321 7,771 7,646 8,385 8,076 9,780 9,666 11,286 12,238 11,730 10,649 +5.4%
Shareholders’ equity 2,382 2,507 2,503 1,159 1,553 1,382 2,009 1,860 1,830 2,666 4,042 +1.3%
Returns, %
Returns, % ROA 6.63 7.99 9.29 1.06 2.38 6.25 7.88 8.19 7.07 6.37 6.29 (0.3) pt
ROIC 13.23 14.07 14.35 4.91 9.39 13.14 16.27 15.22 13.72 13.44 12.81 +0.2 pt
ROE 38.99 58.54 66.84 11.77 38.67 92.60 104.39 101.06 99.08 78.16 59.16 +39.2 pt
People
People Employees 66,500 67,000 69,000 57,000 58,000 71,000 72,000 76,000 75,000 75,000 — +1.3%
Revenue/emp, $m 0.83 0.88 0.87 0.93 0.88 0.97 1.06 1.04 1.08 1.13 — +3.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jun 2026 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Sysco sells and delivers food and related supplies to businesses and institutions that prepare meals away from home. Its customers include restaurants, hospitals, schools, hotels, caterers and entertainment venues. Founded in 1969 and headquartered in Houston, Sysco is led by Chair and Chief Executive Officer Kevin P. Hourican.

The company supplies ingredients such as fresh and frozen meat, seafood, produce, dairy and dry goods, alongside prepared foods and beverages. Customers can also buy non-food items, including disposable plates and cups, tableware, cookware, cleaning supplies and kitchen equipment. Sysco distributes national brands as well as products made for its own brands.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
US Foodservice Operations 58,803 69.55%
International Foodservice Operations 16,042 18.97%
SYGMA 8,623 10.20%
Other 1,085 1.28%
Gross margin 18.50%
Operating margin 3.66%
Pre-tax margin 2.69%

Revenue by segment since 2009

Sysco Corporation vs peers in Food Distribution (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SYY Sysco Corporation $37.0B 20.0× 17.2× +2.82% (above 0%: growing) +10.38% (above 0%: growing) +560.00% (above 0%: growing) 18.63% 3.30%
USFD US Foods Holding Corp. $23.1B 29.6× 26.1× +2.07% (above 0%: growing) +48.53% (above 0%: growing) +83.54% (above 0%: growing) 18.30% 3.57% Compare
PFGC Performance Food Group Company $17.3B 43.5× 26.0× +5.52% (above 0%: growing) +37.73% (above 0%: growing) +37.72% (above 0%: growing) 12.14% 1.51% Compare
CHEF The Chefs' Warehouse, Inc. $4.5B 38.9× 41.2× +11.17% (above 0%: growing) +49.06% (above 0%: growing) +282.45% (above 0%: growing) 25.04% 4.53% Compare
UNFI United Natural Foods, Inc. $2.8B 33.2× 16.2× −0.70% (below 0%: shrinking) n/m +11.82% (above 0%: growing) 13.74% 0.90% Compare
ANDE The Andersons, Inc. $1.9B 9.4× 11.7× +5.83% (above 0%: growing) +119.29% (above 0%: growing) −210.01% (below 0%: shrinking) 6.42% 1.16% Compare
AVO Mission Produce, Inc. $1.0B 289× 84.1× +25.80% (above 0%: growing) n/m −161.50% (below 0%: shrinking) 9.93% 0.11% Compare
WILCF G. Willi-Food International, Ltd. $397.9M 12.5× 17.7× +13.27% (above 0%: growing) −26.56% (below 0%: shrinking) +253.73% (above 0%: growing) 33.33% 15.77% Compare
HFFG HF FOODS GROUP INC. $77.6M — (loss-making) 13.2× +2.84% (above 0%: growing) +150.00% (above 0%: growing) −1,361.99% (below 0%: shrinking) 17.00% 0.87% Compare
Median of peers $2.3B 33.2× 21.9× +5.67% +48.80% +24.77% 15.37% 1.34%

All 12 Food Distribution stocks →

From the latest earnings call

Updated

  • Kevin Hourican said Q4 local and national case volumes each grew 2.6% in U.S. Foodservice, while international local cases grew 4.5%.
  • Brandon Sewell said Sysco’s FY2027 plan assumes 6% to 7% sales growth and adjusted EPS of approximately $5.02 to $5.12.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 88.12%
Held by the ten largest 41.77%
Holder Shares Stake Change
Vanguard 63.32m 13.22% +388.69k
BlackRock 43.03m 8.98% +3.24m
State Street 27.12m 5.66% −99.96k
HARRIS ASSOCIATES L P 16.13m 3.37% +5.21m
Geode Capital Management 13.10m 2.73% +61.89k
Goldman Sachs 10.24m 2.14% +3.81m
Invesco 7.36m 1.54% −4.23m
Norges Bank 7.12m 1.49% +7.12m
UBS 6.51m 1.36% −370.57k
Boston Partners 6.19m 1.29% −4.39m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 1 October 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 17.90m 23.13m 123.00
2025 16.23m 13.04m 108.00
2024 15.60m 14.16m 100.00
2023 14.34m 8.56m 101.00
2022 13.66m 24.74m 115.00

Ownership

Directors and executive officers, together 0.55%
BlackRock, Inc. and certain affiliates 7.72%
The Vanguard Group and certain affiliates 7.32%
State Street Corporation and certain affiliates 5.41%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Sysco Corporation (SYY) Latest News

4 Nov

Impact 3 · · Trefis
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3 Nov

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29 Oct

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15 Oct

Impact 3 · · GlobeNewswire
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13 Oct

Impact 4 · · Zacks

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11 Oct

Impact 3 · · Insider Monkey

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8 Oct

Impact 4 · · Simply Wall St.

7 Oct

Impact 3 · · Zacks

6 Oct

Impact 4 · · GlobeNewswire

25 Sep

Impact 4 · · GlobeNewswire

22 Sep

Impact 3 · · StockStory

SYY metrics, ten years each

stockrow.com/SYY · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com