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World's largest foodservice distributor, delivering food and supplies to restaurants, hospitals and institutions.
World's largest foodservice distributor, delivering food and supplies to restaurants, hospitals and institutions.
Buys food in bulk and delivers it to restaurants, hospitals and schools, earning a margin per case that is thin but supported by volume; many contracts are cost-plus, passing through food-price changes. Independent restaurants, which pay more per case, are the most prized customers. A 2015 merger with US Foods was blocked by US regulators.
Moat: narrow (scale, distribution, cost advantage). National logistics/warehouse scale gives lower delivered cost than regional distributors.
Headquarters: Houston, Texas, US · Founded: 1969 · Employees: 75,000
Size Sysco (SYY) is a United States Consumer Staples company (Food Distributors) with a market value of $37.8B, the 308th largest of 3,117 United States companies the cockpit tracks. Shares closed at $76.86 on 6 Nov 2026.
Performance Over six months the shares gained 6.8%, against -13.1% 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 3.8% over the last twelve months (peer median +3.4%); the operating margin is 4.2% (peer median 2.5%).
Valuation It trades at 14.9× forward earnings against a peer median of 13.1× (7th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 10.0 points above its cost of capital (7.4% WACC).
Credit Sysco has 20 bonds outstanding ($12.2B), rated BBB by the agencies and trading like BBB+ at a weighted spread of 92 bp.
Short interest Short interest is 2.5% of the free float (15 Oct 2026).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $85.1B | $84.6B | $81.4B | $78.8B | $76.3B |
| Revenue growth | — | +4% | +3% | +3% | — |
| Gross profit | $15.7B | $14.7B | $14.0B | $13.8B | $13.8B |
| EBITDA | $4.73B | $4.77B | $4.60B | $4.48B | $4.03B |
| Net income | $1.81B | $1.76B | $1.83B | $1.96B | $1.77B |
| Free cash flow | $2.19B | $1.94B | $1.60B | $2.16B | $2.07B |
| Capital expenditure | $637M | $700M | $906M | $832M | $793M |
| Total debt | $15.3B | $15.0B | $14.5B | $12.9B | $11.2B |
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 |
|---|---|---|---|---|---|---|
| Sysco SYY | $37.8B | +7% | +4% | 4% | 14.9× | -0.4% |
| US Foods USFD | $23.1B | +26% | +4% | 3% | 20.8× | 11.7% |
| Performance Food PFGC | $17.0B | +15% | +6% | 1% | 18.3× | 14.7% |
| Chefs' Warehouse CHEF | $4.51B | +27% | +12% | 4% | 36.3× | 22.6% |
| Metro MRU.TO | $14.6B | +11% | +3% | 6% | 19.4× | -0.7% |
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 | SYY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.7% | +2.3% | 7th lowest of 21 |
| 6-month return | +6.8% | -13.1% | 8th highest of 21 |
| Distance from 52-week high | -15.1% | -19.1% | 6th highest of 21 |
| Revenue growth (TTM) | +3.8% | +3.4% | 11th highest of 21 |
| Operating margin | 4.2% | 2.5% | 8th highest of 21 |
| Forward P/E | 14.9× | 13.1× | 7th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | -0.4% | 9.0% | 3rd least demanding of 16 |
| Growth delivered (Del g) | +10.5% | +3.9% | 7th highest of 16 |
| Hurdle (Req g minus delivered) | -10.9 pp | -3.0 pp | 5th least demanding of 16 |
| ROIC minus cost of capital | +10.0 pp | -0.7 pp | 2nd highest of 20 |
| EV / EBITDA | 10.6× | 11.1× | 4th cheapest of 8 |
| Net debt / EBITDA | 2.6× | 2.5× | 8th most indebted of 16 |
| Bond spread | 92 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sysco SYY | United States | $37.8B | +7% | +4% | 4% | 14.9× | -0.4% | +10.5% |
| US Foods USFD | United States | $23.1B | +26% | +4% | 3% | 20.8× | 11.7% | +11.5% |
| Busy Ming 1768.HK | Hong Kong | $8.31B | -36% | +68% | 5% | 11.3× | 16.0% | +143.4% |
| Chefs' Warehouse CHEF | United States | $4.51B | +27% | +12% | 4% | 36.3× | 22.6% | +30.1% |
| Premium Brands PBH.TO | Canada | $2.86B | -13% | +20% | 5% | 12.2× | 7.4% | +12.9% |
| United Natural Foods UNFI | United States | $2.73B | -13% | -2% | 1% | 13.6× | 6.5% | +2.9% |
| Metcash MTS.AX | Australia | $2.55B | +12% | 0% | 3% | 14.1× | 0.9% | +3.9% |
| Maple Leaf Foods MFI.TO | Canada | $2.39B | -13% | -17% | 8% | 16.1× | 2.4% | -1.9% |
| Kato Sangyo 9869.T | Japan | $1.35B | +10% | +2% | 1% | n/a | -9.5% | +1.9% |
| Dole DOLE | United States | $1.31B | -7% | +8% | 2% | 10.6× | 4.1% | +16.1% |
| Jiangxi Huangshanghuang Group Food 002695.SZ | China | $880M | -14% | +17% | 7% | 39.9× | 14.7% | -7.1% |
| Young & Co.'s Brewery, P.L.C YNGA.L | United Kingdom | $822M | +52% | +5% | 14% | 15.4× | 9.0% | +42.0% |
| Agencia Comercial Spirits AGCC | United States | $804M | -24% | +145% | 13% | n/a | n/a | n/a |
| Krispy Kreme DNUT | United States | $723M | +16% | -5% | 0% | 50.0× | 23.2% | +6.3% |
| Shanghai Bright Meat 600073.SS | China | $702M | -15% | +3% | -3% | 8.5× | 37.0% | -1.5% |
| COFCO Joycome Foods 1610.HK | Hong Kong | $669M | -18% | -8% | -10% | n/a | n/a | n/a |
| S Foods 2292.T | Japan | $537M | -6% | +8% | 2% | 11.2× | n/a | n/a |
| Atria ATRAV.HE | Finland | $509M | +12% | +6% | 4% | 9.1× | -5.2% | +3.8% |
| Guangdong Guanghong 000529.SZ | China | $404M | -19% | -12% | -12% | n/a | n/a | n/a |
| MARR MARR.MI | Italy | $389M | -38% | +3% | 2% | 12.6× | n/a | n/a |
| ShandongLongda Meishi 002726.SZ | China | $382M | -34% | -25% | -9% | 9.4× | 23.5% | -16.1% |
Sysco has 20 bonds outstanding with $12.2B face value. The agencies rate it BBB; its bonds trade like BBB+. Weighted yield 5.82%, a spread of 92 bp over government bonds.