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Chefs' Warehouse vs Performance Food: revenue, profit, margins and growth compared

Chefs' Warehouse brought in $4.1B of revenue in fiscal 2025, Performance Food $67.8B in fiscal 2026. Revenue changed by +9.4% at Chefs' Warehouse and +7.2% at Performance Food on the year before, so Chefs' Warehouse grew faster. Chefs' Warehouse kept 1.7% of its revenue as net profit, Performance Food 0.5%. Free cash flow was $87.8M at Chefs' Warehouse and $1B at Performance Food.

Side by side, latest fiscal year

CHEFPFGC
Fiscal year endedFY2025 (December 26, 2025)FY2026 (June 27, 2026)
Revenue$4.1B$67.8B
Revenue growth+9.4%+7.2%
Net income$72.4M$359.3M
Net margin1.7%0.5%
Free cash flow$87.8M$1B
Free cash flow margin2.1%1.5%
Earnings per share (diluted)$1.68$2.29
Cash$121M$92.4M
Debt$650.5M$5B
Price to earnings65.640.0
Market value$4.5B$14.4B
Dividend yieldn/an/a
Rank by revenue in sector#230 of 778 · Consumer discretionary#12 of 778 · Consumer discretionary

Over the years

Revenue
CHEF FY2018: $1.4BCHEF FY2019: $1.6BCHEF FY2020: $1.1BCHEF FY2021: $1.7BCHEF FY2022: $2.6BCHEF FY2023: $3.4BCHEF FY2024: $3.8BCHEF FY2025: $4.1BPFGC FY2019: $19.7BPFGC FY2020: $25.1BPFGC FY2021: $30.4BPFGC FY2022: $50.9BPFGC FY2023: $57.3BPFGC FY2024: $58.3BPFGC FY2025: $63.3BPFGC FY2026: $67.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CHEF $4.1BPFGC $67.8B
Net income
CHEF FY2018: $20.4MCHEF FY2019: $24.2MCHEF FY2020: -$82.9MCHEF FY2021: -$4.9MCHEF FY2022: $27.8MCHEF FY2023: $34.6MCHEF FY2024: $55.5MCHEF FY2025: $72.4MPFGC FY2019: $166.8MPFGC FY2020: -$114.1MPFGC FY2021: $40.7MPFGC FY2022: $112.5MPFGC FY2023: $397.2MPFGC FY2024: $435.9MPFGC FY2025: $340.2MPFGC FY2026: $359.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CHEF $72.4MPFGC $359.3M
Net margin
CHEF FY2018: 1.4%CHEF FY2019: 1.5%CHEF FY2020: -7.5%CHEF FY2021: -0.3%CHEF FY2022: 1.1%CHEF FY2023: 1.0%CHEF FY2024: 1.5%CHEF FY2025: 1.7%PFGC FY2019: 0.8%PFGC FY2020: -0.5%PFGC FY2021: 0.1%PFGC FY2022: 0.2%PFGC FY2023: 0.7%PFGC FY2024: 0.7%PFGC FY2025: 0.5%PFGC FY2026: 0.5%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CHEF 1.7%PFGC 0.5%
Revenue growth
CHEF FY2019: +10.2%CHEF FY2020: -30.2%CHEF FY2021: +57.0%CHEF FY2022: +49.7%CHEF FY2023: +31.4%CHEF FY2024: +10.5%CHEF FY2025: +9.4%PFGC FY2020: +27.1%PFGC FY2021: +21.2%PFGC FY2022: +67.4%PFGC FY2023: +12.5%PFGC FY2024: +1.8%PFGC FY2025: +8.6%PFGC FY2026: +7.2%FY19FY20FY21FY22FY23FY24FY25FY26
CHEF +9.4%PFGC +7.2%
Free cash flow
CHEF FY2018: $25.3MCHEF FY2019: $28.9MCHEF FY2020: $35.8MCHEF FY2021: -$58.7MCHEF FY2022: -$22.7MCHEF FY2023: $4.2MCHEF FY2024: $103.6MCHEF FY2025: $87.8MPFGC FY2019: $178.3MPFGC FY2020: $465.6MPFGC FY2021: -$124.2MPFGC FY2022: $61MPFGC FY2023: $562.4MPFGC FY2024: $767.4MPFGC FY2025: $704.1MPFGC FY2026: $1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CHEF $87.8MPFGC $1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Chefs' Warehouse and Performance Food

Which is bigger by revenue, Chefs' Warehouse or Performance Food?

Performance Food is bigger by revenue: $67.8B in fiscal 2026, against $4.1B for Chefs' Warehouse in fiscal 2025.

Which keeps more of its revenue as profit, Chefs' Warehouse or Performance Food?

Chefs' Warehouse had a net margin of 1.7% in fiscal 2025; Performance Food had 0.5% in fiscal 2026.

Which grew revenue faster, Chefs' Warehouse or Performance Food?

In their latest fiscal years revenue changed by +9.4% at Chefs' Warehouse and +7.2% at Performance Food.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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