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. In the quarter to July 2026, revenue was flat, EPS grew 141.3%, free cash flow grew 11.8% and total debt fell 16.1%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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United Natural Foods, Inc. (UNFI) Piotroski F-score
United Natural Foods, Inc.'s Piotroski F-score for fiscal 2026 is 7 out of 9: 7 of nine tests of profitability, leverage and efficiency passed, up from 4 in fiscal 2025.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2026 | 7 | 3.00 |
| FY2025 | 4 | 1.00 |
| FY2024 | 3 | (2.00) |
| FY2023 | 5 | (2.00) |
| FY2022 | 7 | 2.00 |
| FY2021 | 5 | 0.00 |
| FY2020 | 5 | 2.00 |
| FY2019 | 3 | (4.00) |
| FY2018 | 7 | 1.00 |
| FY2017 | 6 | — |
How fiscal 2026’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 1.14% | (1.56%) | Pass | 1 |
| Positive operating cash flow | 540.00m | 470.00m | Pass | 1 |
| Rising return on assets | 1.14% | (1.56%) | Pass | 1 |
| Cash flow above net income | 456.00m | 588.00m | Pass | 1 |
| Falling long-term leverage | 0.21 | 0.25 | Pass | 1 |
| Rising current ratio | 1.29 | 1.32 | Fail | 0 |
| No new shares issued | 60,700,000 | 60,200,000 | Fail | 0 |
| Rising gross margin | 13.47% | 13.28% | Pass | 1 |
| Rising asset turnover | 4.24 | 4.20 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 7 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| CHEF The Chefs' Warehouse, Inc. compare | 8 |
| USFD US Foods Holding Corp. compare | 7 |
| SYY Sysco Corporation compare | 7 |
| WILCF G. Willi-Food International, Ltd. compare | 7 |
| UNFI United Natural Foods, Inc. | 7 |
| AVO Mission Produce, Inc. compare | 7 |
| ANDE The Andersons, Inc. compare | 5 |
| PFGC Performance Food Group Company compare | 5 |
| HFFG HF FOODS GROUP INC. compare | 4 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover