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French food services and facilities management company serving corporate, healthcare, education and government clients worldwide.
French food services and facilities management company serving corporate, healthcare, education and government clients worldwide.
Is paid by clients such as employers, hospitals and schools to run their canteens, cleaning and facilities under multiyear contracts, usually per meal or on a cost-plus basis, so profit depends on winning contracts, controlling staff costs and renewing sites. The Bellon family, through Bellon SA, remains the controlling shareholder. In 2024 it spun off its vouchers-and-benefits division as a separate listed company, Pluxee.
Moat: none (scale, distribution). Large multi-site outsourced catering/FM contracts, but a low-differentiation, labor-intensive business.
Headquarters: Issy-les-Moulineaux, France · Founded: 1966 · Employees: 443,536
Size Sodexo (SW.PA) is a France Consumer Discretionary company (Restaurants) with a market value of $9.91B, the 49th largest of 206 France companies the cockpit tracks. Shares closed at €60.40 on 6 Nov 2026.
Performance Over six months the shares gained 27.5%, against +7.1% for the median peer and -0.4% for the France market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue fell 0.5% over the last twelve months (peer median +10.3%); the operating margin is 3.1% (peer median 10.4%).
Valuation It trades at 17.7× forward earnings against a peer median of 26.8× (5th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.6 points above its cost of capital (7.0% WACC).
Credit Sodexo has 6 bonds outstanding ($3.90B), rated BBB by the agencies and trading like A at a weighted spread of 65 bp.
Next results Next results expected around 2 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | €24.0B | €24.0B | €24.1B | €23.8B | €22.6B |
| Revenue growth | — | 0% | +1% | +5% | — |
| Gross profit | €2.51B | €2.51B | €2.80B | €2.81B | €2.68B |
| EBITDA | €1.23B | €1.23B | €1.58B | €1.53B | €1.39B |
| Net income | €304M | €304M | €695M | €168M | €794M |
| Free cash flow | €543M | €543M | €631M | €1.06B | €1.13B |
| Capital expenditure | €364M | €364M | €333M | €358M | €338M |
| Total debt | n/a | €4.65B | €5.45B | €5.47B | €6.42B |
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 |
|---|---|---|---|---|---|---|
| Sodexo SW.PA | $9.91B | +28% | 0% | 3% | 17.7× | 6.0% |
| Compass COMP | $7.84B | +17% | +68% | 0% | n/a | n/a |
| Aramark ARMK | $13.9B | +17% | +11% | 4% | 19.8× | 16.1% |
| Iss A/s ISS.CO | $7.08B | +13% | +4% | 5% | 15.3× | -6.1% |
| Elior ELIOR.PA | $544M | -35% | 0% | 2% | 12.4× | 6.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SW.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.9% | +9.4% | 7th highest of 21 |
| 6-month return | +27.5% | +7.1% | 4th highest of 20 |
| Distance from 52-week high | -0.4% | -16.6% | highest of 21 |
| Revenue growth (TTM) | -0.5% | +10.3% | lowest of 21 |
| Operating margin | 3.1% | 10.4% | lowest of 21 |
| Forward P/E | 17.7× | 26.8× | 5th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 6.0% | 7.2% | 6th least demanding of 19 |
| Growth delivered (Del g) | +6.6% | +13.6% | 2nd lowest of 19 |
| Hurdle (Req g minus delivered) | -0.6 pp | -4.3 pp | 5th most demanding of 19 |
| ROIC minus cost of capital | +0.6 pp | +6.2 pp | 6th lowest of 21 |
| EV / EBITDA | 10.0× | 15.5× | 3rd cheapest of 21 |
| Net debt / EBITDA | 2.9× | 2.8× | 11th least indebted of 21 |
| Bond spread | 65 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sodexo SW.PA | France | $9.91B | +28% | 0% | 3% | 17.7× | 6.0% | +6.6% |
| Domino's DPZ | United States | $11.0B | +4% | +4% | 20% | 16.3× | 1.8% | +3.7% |
| Brinker International EAT | United States | $8.58B | +49% | +6% | 11% | 14.7× | 9.3% | +11.7% |
| Texas Roadhouse TXRH | United States | $12.1B | +4% | +10% | 8% | 26.8× | 13.8% | +19.6% |
| Zensho 7550.T | Japan | $12.2B | +41% | +12% | 7% | 34.3× | 6.1% | +16.3% |
| Food & Life Companies 3563.T | Japan | $7.34B | +12% | +24% | 10% | 35.6× | 6.9% | +16.0% |
| McDonald's Holdings Company (Japan) 2702.T | Japan | $7.33B | +7% | +2% | 14% | 32.0× | 1.8% | +7.6% |
| Haidilao 6862.HK | Hong Kong | $7.24B | -28% | +11% | 12% | 11.4× | 2.0% | +7.8% |
| Aramark ARMK | United States | $13.9B | +17% | +11% | 4% | 19.8× | 16.1% | +7.6% |
| CAVA CAVA | United States | $6.91B | -26% | +27% | 7% | 85.5× | 41.5% | +27.9% |
| Jersey Mike's Subs JMKE | United States | $6.03B | n/a | +11% | 21% | 26.3× | n/a | n/a |
| Dutch Bros BROS | United States | $5.90B | -36% | +30% | 10% | 31.0× | 36.3% | +38.0% |
| Yum China YUMC | United States | $17.1B | +6% | +10% | 13% | 15.3× | -7.5% | +7.4% |
| Cheesecake Factory CAKE | United States | $5.32B | +73% | +8% | 7% | 21.2× | 16.7% | +13.6% |
| Skylark 3197.T | Japan | $5.18B | +19% | +11% | 7% | 38.5× | 6.4% | +9.7% |
| Wingstop WING | United States | $4.42B | +26% | +7% | 28% | 35.3× | 21.9% | +22.9% |
| Darden Restaurants DRI | United States | $25.6B | +15% | +8% | 12% | 19.7× | 7.5% | +12.9% |
| Jubilant Foodworks JUBLFOOD.NS | India | $3.20B | -5% | +16% | 10% | 61.4× | 28.6% | +23.5% |
| Shake Shack SHAK | United States | $3.08B | +2% | +17% | 5% | 55.7× | n/a | n/a |
| Restaurant Brands International QSR | United States | $35.1B | -3% | +6% | 27% | 18.1× | 6.3% | +13.7% |
| Restaurant Brands International LP QSP-UN.TO | Canada | $35.9B | +12% | +5% | 28% | n/a | 1.0% | +14.6% |
Sodexo has 6 bonds outstanding with $3.90B face value. The agencies rate it BBB; its bonds trade like A. Weighted yield 4.16%, a spread of 65 bp over government bonds.