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MARKETS / NASDAQ / 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
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
2B4B200920112013201520172019202120232025
Compound annual growth
+16.7%
+30.1%
+14.8%
+18.4%
+37.6%
+16.1%
+10.6%
+32.0%
+10.3%
+16.1%
3 yrs
5 yrs
10 yrs
15 yrs

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

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%200920112013201520172019202120232025
ROE
FY2025 · ROE 12.7%
20%40%-10%-20%200920112013201520172019202120232025

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
40M80M-20M-40M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 15.0
8M16M200920102022202320242025

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
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 · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityWholesale-Groceries, General Line
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 26
Data on record since2009

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