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United Natural Foods, Inc.

UNFI Consumer Defensive Food Distribution

United Natural Foods, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $31.2 billion, down 1.99% from fiscal 2025.

Revenue
−0.70%
EPS
+141.3%
Free cash flow
+11.8%
Total debt
−16.1%

Quarter to July 2026, against a year earlier

46.52 0.65 +1.42%
Market cap
$2.8B
P/E
33.0×
Fwd P/E
16.2×
Dividend yield
—
F-score
7/9
Altman Z
5.15
Beneish M
−2.91
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.57
Sold, $m 1.23
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — 1 — — — — — — — — — —
Sell 2 — — — — 1 1 — — — — —
Insider Ownership 4.71%

Capital & Financial Ratios $m

Size
Market Cap 2,770.00
Revenue ttm 31,152.00
Net income ttm 84.00
Free cash flow ttm 379.00
Net debt Q 1,539.00
Valuation
P/E 33.00
Forward P/E 16.20
Price / sales 0.09
Forward P/S Powerpack
Price / FCF 7.35
Price / book 1.72
Financial health
Current ratio Q 1.29
Debt / equity Q 0.97
Interest coverage Q 2.38
Growth
Revenue growth Q −0.70% (below 0%: shrinking)
Operating income growth Q +188.46% (above 0%: growing)
EPS, this year +26.23% (at or above 15%: strong)
EPS, next year A +21.39% (at or above 15%: strong)
Revenue, next year A +1.25%
EPS, past 5 yrs −11.58% (below 0%: weak)
EPS, next 5 yrs A +20.07% (at or above 15%: strong)

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 0.1×, against a ten-year median of 0.2×; over the ten years it ranged from 0.1× in 2024 to 0.4× in 2018.
P/E against its own 10 years 93.78%
10-year low 10-year high
P/S against its own 10 years 64.08%
10-year low 10-year high
P/B against its own 10 years 93.35%
10-year low 10-year high
EV/Sales against its own 10 years 38.52%
10-year low 10-year high
EV/FCF against its own 10 years 33.25%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 37 40 44 37
Receivables 889 953 1,093 921
Inventory 2,292 2,179 2,095 1,946
Other — — — —
3,463 3,402 3,423 3,138
2023 2024 2025 2026
Payables 1,781 1,688 1,875 1,771
ST’ Debt 18 11 8 5
Other — — — —
2,405 2,365 2,602 2,438

Compound Annual Growth %

10y 5y 3y
Sales 13.91% 2.94% 0.96%
Cash Flow 6.17% (2.54%) (4.71%)
Earnings (3.96%) (10.83%) 51.83%
Book Value 0.65% 1.39% (2.39%)

Earnings Trends EPS, adjusted, against the consensus

Q4 FY26 Estimate 0.62 Actual 0.69

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY26 0.39 0.56 Beat by 0.17
Q2 FY26 0.51 0.62 Beat by 0.11
Q3 FY26 0.81 0.77 Miss by 0.04
Q4 FY26 0.62 0.69 Beat by 0.07
Q1 FY27 0.67 — Reports 1 December 2026

EPS $

Oct Jan Apr Jul Year
’26 — — — — —
’26 (0.06) 0.31 0.52 0.57 1.34
’25 (0.35) (0.05) (0.12) (1.43) (1.95)
’24 (0.67) (0.25) (0.34) (0.63) (1.89)
’23 1.07 0.31 0.12 (1.15) 0.40
’22 1.25 1.08 1.10 0.63 4.07
’21 (0.02) 1.00 0.80 0.69 2.48
Fiscal quarters ending in the months shown.

Revenue $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 7,840 7,947 7,723 7,642 31,152
’25 7,871 8,158 8,059 7,696 31,784
’24 7,552 7,775 7,498 8,155 30,980
’23 7,532 7,816 7,507 7,417 30,272
’22 6,997 7,416 7,242 7,273 28,928
’21 6,684 6,900 6,631 6,735 26,950
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 (38) 283 98 197 540
’25 (110) 247 173 160 470
’24 (254) 183 125 199 253
’23 (262) 532 132 222 624
’22 (81) 124 (74) 362 331
’21 (58) 265 129 278 614
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 (54) 254 56 123 379
’25 (155) 194 120 110 269
’24 (319) 118 52 82 (67)
’23 (322) 453 67 119 317
’22 (136) 76 102 268 310
’21 (95) 251 72 158 386
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to July

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 9,274 10,227 22,341 26,559 26,950 28,928 30,272 30,980 31,784 31,152 +14.4% 31,542 32,279 32,931 +1.9%
Gross margin, % 15.41 14.86 14.41 14.64 14.62 14.46 13.65 13.56 13.28 13.47 (1.9) pt
EBT 214 210 (341) (342) 183 310 7 (137) (154) 102 (7.9%)
EBT margin, % 2.31 2.05 (1.53) (1.29) 0.68 1.07 0.02 (0.44) (0.48) 0.33 (2.0) pt
Net income 130 163 (285) (269) 155 254 30 (110) (115) 84 (4.7%)
Per share, $
Per share, $ Revenue 183.40 202.39 436.35 493.66 480.39 498.76 511.35 522.43 527.97 513.21 +12.1%
Earnings 2.57 3.28 (5.56) (5.10) 2.65 4.28 0.41 (1.89) (1.95) 1.39 (6.6%)
Cash flow 5.41 2.16 5.57 8.49 10.94 5.71 10.54 4.27 7.81 8.90 +5.7%
Capex (1.11) (0.86) (0.96) (0.48) (4.06) (0.36) (5.19) (5.40) (3.34) (2.65) +10.2%
Free cash flow 4.30 1.30 4.61 8.01 6.88 5.34 5.35 (1.13) 4.47 6.24 +4.2%
Book value 33.26 36.53 29.38 21.23 26.99 30.90 29.46 27.67 25.81 26.72 (2.4%)
Shares, m 51 51 51 54 56 58 59 59 60 61 +2.0%
Valuation, ×
Valuation, × P/E 14.99 9.82 0.00 0.00 12.33 10.10 50.73 0.00 0.00 36.57 13.5
P/S 0.21 0.16 0.02 0.04 0.07 0.09 0.04 0.03 0.05 0.10 0.1
P/B 1.16 0.88 0.34 0.94 1.21 1.40 0.71 0.56 1.07 1.90 1.0
EV/Sales 0.25 0.19 0.16 0.14 0.15 0.16 0.11 0.10 0.11 0.15 0.2
EV/FCF 10.67 29.88 14.83 8.52 10.66 14.91 10.03 (44.52) 13.00 12.20 8.0
Cash, $m
Cash, $m Operating cash flow 273 109 285 457 614 331 624 253 470 540 +7.9%
Capex (56) (44) (49) (26) (228) (21) (307) (320) (201) (161) +12.5%
Free cash flow 217 65 236 431 386 310 317 (67) 269 379 +6.4%
Balance, $m
Balance, $m Working capital 959 1,090 1,450 1,335 1,063 1,380 1,058 1,037 821 700 (3.4%)
Net debt 370 329 2,995 2,606 2,289 2,115 1,949 2,064 1,834 1,539 +17.2%
Shareholders’ equity 1,682 1,846 1,504 1,142 1,514 1,792 1,744 1,641 1,554 1,622 (0.4%)
Returns, %
Returns, % ROA 4.54 5.56 (5.62) (3.71) 1.97 3.27 0.32 (1.50) (1.56) 1.14 (3.4) pt
ROIC 6.88 6.45 (2.72) (3.22) 4.83 6.77 2.03 0.13 (0.57) 4.17 (2.7) pt
ROE 8.13 9.23 (17.01) (20.71) 11.22 15.00 1.36 (6.62) (7.39) 5.29 (2.8) pt
People
People Employees 9,700 10,000 19,000 28,300 28,300 30,300 29,455 28,333 25,600 23,431 +10.3%
Revenue/emp, $m 0.96 1.02 1.18 0.94 0.95 0.95 1.03 1.09 1.24 1.33 +3.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jul 2026 · latest quarter Jul 2026

United Natural Foods, Inc. 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 $40.8B 22.7× 17.2× +4.67% (above 0%: growing) +4.55% (above 0%: growing) +13.54% (above 0%: growing) 18.69% 4.45% Compare
USFD US Foods Holding Corp. $22.4B 31.4× 26.1× +4.46% (above 0%: growing) +29.90% (above 0%: growing) +36.02% (above 0%: growing) 18.22% 4.21% Compare
PFGC Performance Food Group Company $15.6B 42.9× 26.0× +6.43% (above 0%: growing) +22.35% (above 0%: growing) +6.02% (above 0%: growing) 12.03% 1.80% Compare
CHEF The Chefs' Warehouse, Inc. $4.5B 43.2× 41.2× +12.92% (above 0%: growing) +58.18% (above 0%: growing) +987.24% (above 0%: growing) 25.06% 5.02% Compare
UNFI United Natural Foods, Inc. $2.8B 33.0× 16.2× −0.70% (below 0%: shrinking) n/m +11.82% (above 0%: growing) 13.74% 0.90%
ANDE The Andersons, Inc. $2.2B 12.3× 11.7× −1.22% (below 0%: shrinking) +621.74% (above 0%: growing) +64.62% (above 0%: growing) 7.22% 1.61% Compare
AVO Mission Produce, Inc. $1.0B 288× 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 12.8× 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. $78.2M — (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 $3.4B 31.4× 21.9× +5.55% +29.90% +24.78% 17.61% 3.01%

All 12 Food Distribution stocks →

Pay and ownership Proxy statement filed 5 November 2025

Ownership

Directors and executive officers, together 2.40%
BlackRock, Inc. 14.90%
The Vanguard Group 12.10%
Dimensional Fund Advisors LP 5.80%
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

United Natural Foods, Inc. (UNFI) Latest News

26 Oct

Impact 3 · · StockStory
Impact 3 · · StockStory

23 Oct

Impact 3 · · StockStory

15 Oct

Impact 3 · · supplychaindive.com

14 Oct

Impact 3 · · Zacks

8 Oct

Impact 3 · · Zacks

7 Oct

Impact 4 · · Zacks
Impact 4 · · Insider Monkey

20 Sep

Impact 3 ·

17 Sep

Impact 4 ·
Impact 3 · · supplychaindive.com

15 Sep

Impact 4 ·

9 Sep

Impact 3 ·
Impact 3 ·

8 Sep

Impact 4 · · MarketBeat transcript
Impact 3 · transcript
Impact 3 · · supermarketnews.com
Impact 3 · · Moby transcript
Impact 3 ·
Impact 3 · · Stocktwits
Impact 3 · · grocerydive.com
Impact 3 ·
Impact 3 ·
Impact 3 ·

3 Sep

Impact 3 ·

20 Aug

Impact 3 ·

17 Aug

Impact 3 ·

30 Jul

Impact 3 ·

18 Jul

Impact 3 ·

10 Jul

Impact 3 ·
stockrow.com/UNFI · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com