Loading…
US foodservice distributor supplying restaurants, schools, hospitals and convenience stores with food and supplies.
US foodservice distributor supplying restaurants, schools, hospitals and convenience stores with food and supplies.
Buys food and supplies in bulk and resells them with delivery to restaurants, schools and stores, earning a small margin per case, so volume and delivery efficiency drive profit. The 2021 purchase of Core-Mark added convenience-store distribution and made that channel a second pillar next to foodservice.
Moat: narrow (scale, distribution). National distribution scale and warehouse density are hard for smaller regional distributors to match.
Headquarters: Richmond, Virginia, US · Employees: 44,000
Size Performance Food (PFGC) is a United States Consumer Staples company (Other Transportation) with a market value of $17.0B, the 551st largest of 3,117 United States companies the cockpit tracks. Shares closed at $107.50 on 6 Nov 2026.
Performance Over six months the shares gained 15.4%, against +7.5% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 5.9% over the last twelve months (peer median +5.7%); the operating margin is 1.4% (peer median 13.6%).
Valuation It trades at 18.3× forward earnings against a peer median of 17.4× (8th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.2 points below its cost of capital (8.1% WACC).
Credit Performance Food has 2 bonds outstanding ($2.00B), rated BB by the agencies and trading like BB+ at a weighted spread of 124 bp.
Short interest Short interest is 3.4% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $68.8B | $67.8B | $63.3B | $58.3B | $57.3B |
| Revenue growth | — | +7% | +9% | +2% | — |
| Gross profit | $7.64B | $7.28B | $6.70B | $6.02B | $5.76B |
| EBITDA | $1.79B | $1.74B | $1.62B | $1.41B | $1.26B |
| Net income | $395M | $359M | $340M | $436M | $397M |
| Free cash flow | $1.11B | $1.03B | $704M | $767M | $562M |
| Capital expenditure | $359M | $394M | $506M | $396M | $270M |
| Total debt | $7.91B | $7.78B | $8.00B | $4.98B | $4.74B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Performance Food PFGC | $17.0B | +15% | +6% | 1% | 18.3× | 14.7% |
| Sysco SYY | $37.8B | +7% | +4% | 4% | 14.9× | -0.4% |
| US Foods USFD | $23.1B | +26% | +4% | 3% | 20.8× | 11.7% |
| Chefs' Warehouse CHEF | $4.51B | +27% | +12% | 4% | 36.3× | 22.6% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PFGC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.5% | +10.2% | 8th highest of 21 |
| 6-month return | +15.4% | +7.5% | 8th highest of 21 |
| Distance from 52-week high | -8.5% | -12.1% | 9th highest of 21 |
| Revenue growth (TTM) | +5.9% | +5.7% | 11th highest of 21 |
| Operating margin | 1.4% | 13.6% | 2nd lowest of 21 |
| Forward P/E | 18.3× | 17.4× | 8th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 14.7% | 0.9% | 2nd most demanding of 20 |
| Growth delivered (Del g) | +17.4% | +4.7% | 5th highest of 19 |
| Hurdle (Req g minus delivered) | -2.7 pp | -4.8 pp | 8th most demanding of 19 |
| ROIC minus cost of capital | -2.2 pp | +4.5 pp | 2nd lowest of 21 |
| Net debt / EBITDA | 4.4× | 2.8× | most indebted of 21 |
| Bond spread | 124 bp | 77 bp | 2nd widest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Performance Food PFGC | United States | $17.0B | +15% | +6% | 1% | 18.3× | 14.7% | +17.4% |
| General Mills GIS | United States | $19.0B | +2% | -4% | 15% | 11.4× | -6.7% | +0.3% |
| Bunge Global BG | United States | $19.0B | -20% | +55% | 4% | 9.2× | n/a | n/a |
| Brown–Forman BF-B | United States | $14.2B | +11% | 0% | 29% | 17.9× | -5.1% | +2.7% |
| Tyson Foods TSN | United States | $20.6B | -13% | +3% | 3% | 17.4× | 6.7% | +4.7% |
| J.M. Smucker Company (The) SJM | United States | $13.9B | +33% | +5% | 19% | 12.9× | -7.1% | +2.5% |
| Coca-Cola Consolidated COKE | United States | $13.8B | +19% | +11% | 13% | n/a | -1.3% | +7.6% |
| Maplebear CART | United States | $13.7B | +44% | +14% | 16% | 21.2× | 3.0% | +20.4% |
| JBS JBS | United States | $13.4B | -23% | +334% | 4% | 11.8× | -6.5% | n/a |
| Five Below FIVE | United States | $13.2B | +8% | +26% | 15% | 23.7× | 8.1% | +19.4% |
| McCormick & MKC | United States | $13.0B | 0% | +13% | 17% | 15.9× | 3.2% | +4.1% |
| US Foods USFD | United States | $23.1B | +26% | +4% | 3% | 20.8× | 11.7% | +11.5% |
| Clorox CLX | United States | $12.1B | +8% | +6% | 14% | 17.4× | 2.7% | -1.8% |
| Hormel Foods HRL | United States | $12.1B | +7% | +1% | 7% | 14.4× | 0.9% | +4.7% |
| Constellation Brands STZ | United States | $24.0B | -4% | -4% | 30% | 11.9× | -4.5% | +1.2% |
| Dollar Tree DLTR | United States | $24.6B | +39% | -8% | 11% | 19.1× | 0.1% | -5.3% |
| Casey's CASY | United States | $25.4B | -20% | +14% | 6% | 32.3× | 11.1% | +18.1% |
| Church & Dwight CHD | United States | $25.8B | +17% | +2% | 18% | 27.4× | 6.9% | +4.8% |
| Fomento Economico Mexicano SAB de CV Sponsored ADR FMX | United States | $26.1B | +7% | +18% | 9% | 24.2× | -6.9% | +13.8% |
| BBB Foods TBBB | United States | $10.8B | +72% | +52% | 1% | n/a | 49.9% | +37.1% |
| Kraft Heinz KHC | United States | $29.2B | +5% | -2% | 17% | 12.5× | -3.9% | -1.0% |
Performance Food has 2 bonds outstanding with $2.00B face value. The agencies rate it BB; its bonds trade like BB+. Weighted yield 5.93%, a spread of 124 bp over government bonds.