UNITED NATURAL FOODS INC UNFI

Industrials SIC 5141 - Wholesale-Groceries, General Line NYSE

UNFI is a leading distributor of grocery and non-food products, and support services provider to retailers in the United States and Canada. We believe we are uniquely positioned to provide the broadest array of products, programs and services to customers throughout North America. Our diversified customer base includes over 30,000 customer locations ranging from some of the largest grocers in the country to smaller retailers. We offer approximately 230,000 products consisting of national, regional and private label brands grouped into the following main product categories: grocery and general merchandise; perishables; frozen foods; wellness and personal care items; and bulk and foodservice products. We believe we are North America's premier grocery wholesaler with 52 distribution centers and warehouses representing approximately 30 million square feet of warehouse space. We are a coast-to-coast distributor with customers in all 50 states as well as all ten provinces in Canada, making us a desirable partner for retailers and consumer product manufacturers. We believe our total product assortment and service offerings are unmatched by our wholesale competitors. We plan to continue to pursue new business opportunities with independent retailers that operate diverse formats, regional and national chains, as well as international customers with wide-ranging needs. Our business is classified into three reportable segments: Natural, Conventional and Retail.

Last close 43.93 2026-09-04
Market cap $2.66B 2026-05-02 share count
52-week range 27.97 - 57.02

Valuation FY2025 figures against the last close

P/S0.1x
P/E
P/FCF11.1x
EV/EBITDA15.4x
Dividend yield
Diluted EPS-1.95

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $31.78B$30.98B$30.27B$28.93B$26.95B$26.56B$22.34B$10.23B$9.27B$8.47B
Cost of revenue $27.56B$26.78B$26.14B$24.75B$23.01B$22.67B$19.12B$8.71B$7.85B$7.19B
Gross profit $4.22B$4.20B$4.13B$4.18B$3.94B$3.89B$3.22B$1.52B$1.43B$1.28B
Total operating expenses $1.30B$1.20B$1.06B
Operating income -$31.0M$8.0M$120.0M$423.0M$294.0M-$193.0M-$196.0M$224.5M$226.0M$224.1M
Interest expense $146.0M$162.0M$144.0M$155.0M$204.0M$192.0M$181.0M$16.0M$16.8M$16.3M
Pre-tax income -$154.0M-$137.0M$7.0M$310.0M$183.0M-$342.0M-$341.0M$210.0M$214.4M$208.2M
Income tax $39.0M$27.0M$23.0M$56.0M$34.0M$91.0M$59.0M$47.2M$84.3M$82.5M
Net income -$118.0M-$112.0M$24.0M$248.0M$149.0M-$274.0M-$285.0M$162.8M$130.2M$125.8M
EPS, basic -1.95-1.890.414.282.65-5.10-5.563.222.57
EPS, diluted -1.95-1.890.404.072.48-5.10-5.563.202.56
Shares, diluted (wtd. avg.) $60.2M$59.3M$60.7M$61.0M$60.0M$53.8M$51.2M$50.8M$50.8M$50.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $44.0M$40.0M$37.0M$44.0M$41.0M$47.0M$45.0M$23.3M$15.4M$18.6M
Receivables $1.06B$936.0M$887.0M$1.21B$1.11B$1.16B$1.06B$595.7M$525.6M$489.7M
Inventory $2.10B$2.18B$2.29B$2.35B$2.25B$2.28B$2.19B$1.14B$1.03B$1.02B
Total current assets $3.42B$3.40B$3.46B$3.80B$3.55B$3.71B$3.56B$1.79B$1.66B$1.61B
Property, plant and equipment $1.78B$1.70B$1.90B$571.1M$602.1M$616.6M
Goodwill $19.0M$19.0M$20.0M$20.0M$20.0M$20.0M$442.0M$362.5M$371.3M$366.2M
Other intangibles $576.0M$649.0M$722.0M$819.0M$891.0M$970.0M$1.09B$193.2M$208.3M$222.3M
Total assets $7.59B$7.53B$7.39B$7.63B$7.53B$7.59B$7.17B$2.96B$2.89B$2.85B
Accounts payable $1.88B$1.69B$1.78B$1.74B$1.64B$1.63B$1.53B$517.1M$534.6M$445.4M
Short-term debt $3.0M$4.0M$7.0M$14.0M$13.0M$71.0M$87.4M$10.0M$12.1M$11.9M
Total current liabilities $2.60B$2.37B$2.40B$2.42B$2.49B$2.37B$2.11B$699.2M$704.0M$619.7M
Long-term debt $1.86B$2.08B$1.96B$2.11B$2.17B$2.43B$2.82B$308.8M$149.9M$161.7M
Total liabilities $6.04B$5.89B$5.65B$5.84B$6.01B$6.45B$5.67B$1.12B$1.20B$1.33B
Retained earnings $1.02B$1.14B$1.25B$1.23B$978.0M$838.0M$1.11B$1.40B$1.24B$1.11B
Total equity $1.55B$1.64B$1.74B$1.79B$1.51B$1.14B$1.50B$1.84B$1.68B$1.52B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $470.0M$253.0M$624.0M$331.0M$614.0M$457.0M$285.0M$109.0M$273.3M$296.6M
Depreciation and amortisation $321.0M$319.0M$304.0M$285.0M$285.0M$282.0M$248.0M$87.6M$86.1M$71.0M
Stock-based compensation $43.0M$39.0M$38.0M$44.0M$45.0M$25.0M$26.0M$25.8M$25.7M$15.3M
Capital expenditure $231.0M$345.0M$323.0M$251.0M$310.0M$173.0M$228.0M$44.6M$56.1M$41.4M
Investing cash flow -$218.0M-$342.0M-$339.0M-$49.0M-$237.0M-$1.0M-$2.26B-$47.0M-$60.0M-$350.9M
Financing cash flow -$248.0M$92.0M-$292.0M-$279.0M-$384.0M-$453.0M$2.00B-$53.6M-$217.1M$56.3M
Buybacks $0$0$62.0M$0$0$0$0$24.2M$0$0

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 0001020859-25-000054.

Others in SIC 5141

TickerCompanyMarket capP/ERevenue growth
PFGC Performance Food Group Co $15.54B 43.1x 7.2%
CHEF Chefs' Warehouse, Inc. $4.66B 68.1x 9.4%
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%