Performance Food Group Co PFGC
Performance Food Group Company, through its subsidiaries, markets and distributes more than 300,000 food and food-related products to customers across North America, from our over 150 distribution centers to over 350,000 customer locations in the food-away-from-home industry. Our over 44,000 employees serve a diverse mix of customers, from independent and chain restaurants to schools, business and industry locations, vending distributors, office coffee service distributors, retailers, convenience stores, and theaters. We source our products from various suppliers and serve as an important partner to our suppliers by providing them access to our broad customer base. In addition to the products we offer to our customers, we provide value-added services by allowing our customers to benefit from our industry knowledge, scale, and expertise in the areas of product selection and procurement, menu development, and operational strategy.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67.84B | $63.30B | $58.28B | $57.25B | $50.89B | $30.40B | $25.09B | $19.74B | $17.62B | $16.76B |
| Cost of revenue | $59.75B | $55.88B | $51.70B | $51.00B | $45.64B | $26.87B | $22.22B | $17.23B | $15.33B | $14.64B |
| Gross profit | $8.09B | $7.42B | $6.58B | $6.25B | $5.26B | $3.53B | $2.87B | $2.51B | $2.29B | $2.12B |
| Total operating expenses | $7.20B | $6.60B | $5.75B | $5.49B | $4.93B | $3.32B | $2.97B | $2.23B | $2.04B | $1.91B |
| Operating income | $887.5M | $816.3M | $826.4M | $765.8M | $327.4M | $200.7M | -$99.0M | $283.3M | $253.5M | $211.0M |
| Interest expense | $413.7M | $358.4M | $232.2M | $218.0M | $182.9M | $152.4M | $116.9M | $65.4M | $60.4M | $54.9M |
| Pre-tax income | $485.8M | $458.8M | $596.8M | $544.0M | $167.1M | $54.7M | -$222.2M | $218.3M | $193.6M | $157.7M |
| Income tax | $126.5M | $118.6M | $160.9M | $146.8M | $54.6M | $14.0M | $108.1M | $51.5M | $5.1M | $61.4M |
| Net income | $359.3M | $340.2M | $435.9M | $397.2M | $112.5M | $40.7M | -$114.1M | $166.8M | $198.7M | $96.3M |
| EPS, basic | 2.30 | 2.20 | 2.82 | 2.58 | 0.75 | 0.31 | -1.01 | 1.61 | 1.95 | 0.96 |
| EPS, diluted | 2.29 | 2.18 | 2.79 | 2.54 | 0.74 | 0.30 | -1.01 | 1.59 | 1.90 | 0.93 |
| Shares, diluted (wtd. avg.) | $157.0M | $156.4M | $156.0M | $156.1M | $151.3M | $133.4M | $113.0M | $105.2M | $104.6M | $103.0M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | — | — | — | — | $17.8M | $21.0M |
| Receivables | $3.05B | $2.83B | $2.48B | $2.40B | $2.31B | $1.58B | $1.26B | $1.23B | $1.07B | $1.03B |
| Inventory | $4.33B | $3.89B | $3.31B | $3.39B | $3.43B | $1.84B | $1.55B | $1.36B | $1.05B | $1.01B |
| Total current assets | $7.81B | $7.14B | $6.15B | $6.07B | $6.02B | $3.58B | $3.45B | $2.67B | $2.20B | $2.08B |
| Property, plant and equipment | $4.78B | $4.46B | $2.79B | $2.26B | $2.13B | $1.59B | $1.48B | $950.5M | $795.5M | $740.7M |
| Goodwill | $3.56B | $3.48B | $2.42B | $2.30B | $2.28B | $1.35B | $1.35B | $765.8M | $740.5M | $718.6M |
| Other intangibles | $1.54B | $1.69B | $971.1M | $1.03B | $1.20B | $796.4M | $918.6M | $194.3M | $193.8M | $201.1M |
| Total assets | $18.85B | $17.88B | $13.39B | $12.50B | $12.38B | $7.85B | $7.72B | $4.65B | $4.00B | $3.80B |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $107.6M | — | — | $5.8M |
| Total current liabilities | $5.16B | $4.52B | $3.76B | $3.55B | $3.63B | $2.53B | $2.62B | $1.70B | $1.47B | $1.38B |
| Long-term debt | $5.01B | $5.39B | $3.20B | $3.46B | $3.91B | $2.24B | $2.25B | $1.20B | $1.12B | $1.24B |
| Total liabilities | $13.95B | $13.41B | $9.27B | $8.75B | $9.08B | $5.74B | $5.71B | $3.36B | $2.87B | $2.88B |
| Retained earnings | $2.00B | $1.64B | $1.30B | $867.0M | $469.8M | $357.3M | $316.6M | $430.7M | $264.8M | $66.6M |
| Total equity | $4.90B | $4.47B | $4.13B | $3.75B | $3.30B | $2.11B | $2.01B | $1.30B | $1.14B | $925.5M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.41B | $1.21B | $1.16B | $832.1M | $276.5M | $64.6M | $623.6M | $317.4M | $367.0M | $201.7M |
| Depreciation and amortisation | $541.9M | $455.3M | $355.2M | $315.7M | $279.7M | $213.9M | $178.5M | $116.2M | $100.3M | $91.5M |
| Stock-based compensation | $51.5M | $47.8M | $41.9M | $43.4M | $44.0M | $25.4M | $17.9M | $15.7M | $21.6M | $17.3M |
| Capital expenditure | $384.1M | $506.0M | $395.6M | $269.7M | $215.5M | $188.8M | $158.0M | $139.1M | $140.1M | $140.2M |
| Investing cash flow | -$772.5M | -$3.09B | -$682.7M | -$294.6M | -$1.86B | -$199.8M | -$2.15B | -$349.4M | -$209.4M | -$332.0M |
| Financing cash flow | -$624.8M | $1.94B | -$472.6M | -$536.2M | $1.58B | -$274.4M | $1.93B | $39.6M | -$160.8M | $127.5M |
| Buybacks | $1.5M | $57.6M | $78.1M | $11.2M | $0 | $0 | $5.0M | $9.3M | — | — |
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 0001193125-26-346886.
Others in SIC 5141
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CHEF | Chefs' Warehouse, Inc. | $4.66B | 68.1x | 9.4% |
| UNFI | UNITED NATURAL FOODS INC | $2.66B | — | 2.6% |
| DIT | AMCON DISTRIBUTING CO | $66.0M | 73.5x | 3.9% |
| MWYN | Marwynn Holdings, Inc. | $25.8M | — | 427.5% |
| WILC | G WILLI FOOD INTERNATIONAL LTD | — | — | 21.2% |