Aramark ARMK
Aramark (the "Company", "we" or "us") is a leading global provider of food and facilities services to education, healthcare, business & industry, and sports, leisure & corrections clients. Our largest market is the United States, which is supplemented by an additional 15-country footprint. We also provide our services on a more limited basis in several additional countries and in offshore locations. Based on total revenue in fiscal 2025, we hold a top 2 position in North America in food and facilities services and a top 3 position in food and facilities services internationally in most countries in which we have significant operations. Our approximately 278,390 employees partner with thousands of education, healthcare, business and sports, leisure & corrections clients to serve millions of customers including students, patients, employees, sports fans and guests worldwide.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.51B | $17.40B | $16.08B | $13.69B | $12.10B | $12.83B | $16.23B | $15.79B | $14.60B | $14.42B |
| Cost of revenue | — | — | — | $14.77B | $11.01B | $11.99B | $14.53B | $14.00B | $13.80B | $13.67B |
| Gross profit | — | — | — | -$1.08B | $1.09B | $835.9M | $1.69B | $1.79B | $801.6M | $746.3M |
| SG&A | $278.4M | $283.6M | $273.7M | $258.4M | $346.7M | $307.0M | $367.3M | $377.1M | $299.2M | $283.3M |
| Total operating expenses | $17.71B | $16.69B | $15.46B | $13.27B | $11.90B | $13.09B | $15.34B | $14.97B | $14.08B | $13.98B |
| Operating income | $791.8M | $706.5M | $625.0M | $415.4M | $191.4M | -$264.9M | $891.2M | $818.4M | $801.6M | $746.3M |
| Interest expense | $364.4M | $389.2M | $467.3M | $384.9M | $413.7M | $389.4M | $352.8M | $353.0M | $286.0M | $315.2M |
| Pre-tax income | $430.5M | $364.9M | $563.5M | $47.2M | -$132.9M | -$647.7M | $556.2M | $471.9M | $520.6M | $430.9M |
| Income tax | $103.6M | $103.0M | $116.4M | $8.4M | $40.6M | $186.3M | $107.7M | $96.6M | $146.5M | $142.7M |
| Net income | $326.4M | $262.5M | $674.1M | $194.5M | -$90.8M | -$461.5M | $448.5M | $567.9M | $373.9M | $287.8M |
| EPS, basic | 1.24 | 1.00 | 2.59 | 0.76 | -0.36 | — | — | — | — | — |
| EPS, diluted | 1.22 | 0.99 | 2.57 | 0.75 | -0.36 | — | — | — | — | — |
| Shares, diluted (wtd. avg.) | $267.3M | $266.2M | $262.6M | $259.1M | $254.7M | $251.8M | $252.0M | $253.4M | $251.6M | $248.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $639.1M | $672.5M | $1.93B | $365.4M | $587.1M | $2.51B | $246.6M | $215.0M | $238.8M | $152.6M |
| Receivables | $2.21B | $2.10B | $1.97B | $2.15B | $1.75B | $1.43B | $1.81B | $1.79B | $1.62B | $1.48B |
| Inventory | $418.8M | $387.6M | $403.7M | $552.4M | $412.7M | $436.5M | $411.3M | $724.8M | $610.7M | $587.2M |
| Total current assets | $3.52B | $3.41B | $5.22B | $3.29B | $2.90B | $4.68B | $2.66B | $2.90B | $2.65B | $2.49B |
| Property, plant and equipment | $1.73B | $1.57B | $1.43B | $2.03B | $2.04B | $2.05B | $2.18B | $1.38B | $1.04B | $1.02B |
| Goodwill | $4.87B | $4.68B | $4.62B | $5.52B | $5.49B | $5.34B | $5.52B | $5.61B | $4.72B | $4.63B |
| Other intangibles | $1.87B | $1.80B | $1.80B | $2.11B | $2.03B | $1.93B | $2.03B | $2.14B | $1.12B | $1.11B |
| Total assets | $13.30B | $12.67B | $16.87B | $15.08B | $14.38B | $15.71B | $13.74B | $13.72B | $11.01B | $10.58B |
| Accounts payable | $1.52B | $1.39B | $1.27B | $1.32B | $919.1M | $663.5M | $999.5M | $1.02B | $955.9M | $847.6M |
| Short-term debt | — | — | $1.60B | $65.0M | $58.9M | $99.9M | $69.9M | $30.9M | $78.2M | $46.5M |
| Total current liabilities | $3.55B | $4.21B | $5.03B | $3.29B | $2.86B | $2.35B | $2.71B | $2.49B | $2.37B | $2.18B |
| Long-term debt | — | — | — | — | — | — | $0 | — | — | — |
| Retained earnings | $453.3M | $239.7M | $964.2M | $406.8M | $327.6M | $532.4M | $1.11B | $710.5M | $247.1M | -$33.8M |
| Total equity | $3.15B | $3.04B | $3.71B | $3.03B | $2.72B | $2.74B | $3.32B | $3.03B | $2.46B | $2.16B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $921.0M | $726.5M | $511.6M | $463.9M | $657.1M | $176.7M | $984.2M | $1.05B | $1.05B | $867.3M |
| Depreciation and amortisation | $476.3M | $435.5M | $409.9M | $398.0M | $550.7M | $595.2M | $592.6M | $596.2M | $508.2M | $495.8M |
| Stock-based compensation | $58.6M | $62.6M | $76.3M | $82.3M | $71.1M | $30.3M | $55.3M | $88.3M | $65.2M | $56.9M |
| Capital expenditure | $489.2M | $427.4M | $383.5M | $311.9M | $407.8M | $418.5M | $503.1M | $628.6M | $552.7M | $512.5M |
| Investing cash flow | -$722.4M | -$415.9M | $223.7M | -$745.2M | -$634.4M | -$361.1M | -$209.5M | -$2.87B | -$678.5M | -$679.7M |
| Financing cash flow | -$234.6M | -$1.56B | $659.6M | -$34.6M | -$2.01B | $2.44B | -$734.9M | $1.79B | -$288.7M | -$157.4M |
| Dividends paid | $110.8M | $99.9M | $114.6M | $113.1M | $112.0M | $110.9M | $108.4M | $103.1M | $100.8M | $92.1M |
| Buybacks | $169.8M | $14.4M | $23.7M | $0 | $0 | $6.5M | $50.0M | $24.4M | $100.0M | $749.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001584509-25-000219.
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