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MARKETS / NASDAQ / Consumer staples / Nondurable goods wholesale / CHEF
NASDAQ · WHOLESALE-GROCERIES, GENERAL LINE · LARGE CAP

Chefs' Warehouse, Inc. CHEF

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.1B
▲ 9.4% YoY
$72.4M
▲ 30.4% YoY
$87.8M
▼ 15.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The Company distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. Its product portfolio includes over 90,000 stock-keeping units from more than 4,000 different suppliers, comprised primarily of imported and domestic specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate and pastry products. It employs a sales force of approximately 1,100 sales and customer service professionals. With 44 distribution centers, it provides service six days a week in many of its service areas, using its fleet of delivery trucks to fill customer orders. Excluding its direct-to-consumer businesses, it serves more than 55,000 core customer locations across twenty-three primary geographic markets in the United States, the Middle East, and Canada. The Company was formed in 1985.

Written from the business description in THE CHEFS' WAREHOUSE, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth

USD 4.1B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.1 · Net income 0.1
2B3B
2009201220152018202120242025
Compound annual growth
+16.7%
+30.1%
+14.8%
+18.4%
+37.6%
+16.1%
+10.6%
+32.0%
+10.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +30.1% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

2 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.5% · Net 1.7%
2%4%6%-5%
200920172025
ROE
FY2025 · ROE 12.7%
20%40%-10%-20%
200920172025
Three returns, three denominators.
Gross margin24.2%
Operating margin3.5%
Net margin1.7%
EBITDAUSD 198.8M

Each USD of equity produced 13 cents of profit this year.

Cash & shareholders

USD 15.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 87.8
50.0M100.0M-25.0M-50.0M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 15.0
10M20M
200920102022202320242025
Dividends paid·
Net buybacksUSD 15.0M
Share of profit20.7%
Consecutive raises·

USD 15.0M in buybacks — 21% of the year's profit went back to shareholders.

Total assetsUSD 2.0B
EquityUSD 604.3M
CashUSD 121.0M
Gross debtUSD 748.5M
Net debtUSD 627.5M
Current ratio2.05×

Net debt stands at 104% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
CHEF, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B4.13.83.42.61.71.11.61.41.31.21.00.80.70.50.40.30.3
Operating income $B0.10.10.10.10.0−0.10.10.00.00.00.00.00.00.00.00.00.0
EBITDA $B0.20.20.10.10.0−0.10.10.10.00.10.00.00.00.00.00.00.0
Income tax $B0.00.00.00.0−0.0−0.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.10.10.00.0−0.0−0.10.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B0.10.10.0−0.0−0.10.00.00.00.00.00.0−0.0−0.00.00.00.00.0
EPS, diluted $1.681.320.880.73−0.13−2.460.810.700.540.120.630.570.770.690.43−0.500.11
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %———————————————102
ROE %12.711.28.17.4−1.4−24.47.57.36.51.69.710.219.846.2———
Shares out B0.040.040.040.040.040.040.030.030.030.030.030.030.030.020.020.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityWholesale-Groceries, General Line
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 26
Data on record since2009

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