Financial Statements — USFD
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.05 | 0.06 | 0.06 | 0.10 | 0.08 | 0.41 | 0.27 | 0.35 | 0.38 | 0.29 | 0.37 | 0.20 | 0.19 | 0.77 | 0.70 | 0.91 |
| Accounts Receivable | 2.17 | 2.19 | 2.10 | 2.08 | 2.07 | 1.98 | 1.97 | 1.93 | 1.83 | 1.83 | 1.85 | 1.78 | 1.66 | 1.55 | 1.54 | 1.35 |
| Inventory | 1.68 | 1.70 | 1.57 | 1.52 | 1.62 | 1.59 | 1.62 | 1.58 | 1.53 | 1.63 | 1.76 | 1.79 | 1.83 | 1.57 | 1.56 | 1.45 |
| Total Current Assets | 4.36 | 4.37 | 4.16 | 4.09 | 4.12 | 4.33 | 4.23 | 4.21 | 4.08 | 4.09 | 4.30 | 4.12 | 4.05 | 4.24 | 4.17 | 4.08 |
| Property, Plant & Equipment | 2.70 | 2.63 | 2.56 | 2.50 | 2.36 | 2.36 | 2.30 | 2.19 | 2.17 | 2.17 | 2.08 | 2.05 | 2.02 | 1.99 | 1.98 | 1.99 |
| Goodwill | 5.79 | 5.77 | 5.77 | 5.77 | 5.78 | 5.78 | 5.70 | 5.69 | 5.63 | 5.63 | 5.63 | 5.63 | 5.63 | 5.63 | 5.63 | 5.63 |
| Intangible Assets | 0.77 | 0.79 | 0.81 | 0.83 | 0.85 | 0.87 | 0.80 | 0.81 | 0.76 | 0.77 | 0.80 | 0.81 | 0.82 | 0.84 | 0.86 | 0.87 |
| Total Non-current Assets* | 9.80 | 9.68 | 9.64 | 9.56 | 9.36 | 9.37 | 9.16 | 9.06 | 8.95 | 8.94 | 8.94 | 8.91 | 8.91 | 8.88 | 8.90 | 8.92 |
| Total Assets | 14.16 | 14.04 | 13.79 | 13.65 | 13.48 | 13.70 | 13.39 | 13.27 | 13.03 | 13.04 | 13.24 | 13.03 | 12.96 | 13.12 | 13.06 | 13.00 |
| Accounts Payable | 2.74 | 2.70 | 2.53 | 2.42 | 2.40 | 2.35 | 2.27 | 2.25 | 2.14 | 2.13 | 2.18 | 2.06 | 2.08 | 1.96 | 1.90 | 1.73 |
| Total Current Liabilities | 3.82 | 3.81 | 3.56 | 3.49 | 3.47 | 3.37 | 3.24 | 3.25 | 3.05 | 3.05 | 3.17 | 3.02 | 3.03 | 2.85 | 2.77 | 2.57 |
| Long-term Debt | 5.03 | 4.83 | 4.71 | 4.69 | 4.67 | 4.59 | 4.59 | 4.57 | 4.63 | 4.69 | 0.00 | 4.91 | 4.89 | 5.28 | 5.40 | 5.62 |
| Total Non-current Liabilities* | 6.01 | 5.77 | 5.61 | 5.54 | 5.40 | 5.33 | 5.33 | 5.33 | 5.38 | 5.43 | 5.61 | 5.68 | 5.68 | 6.08 | 6.19 | 6.40 |
| Total Liabilities | 9.83 | 9.57 | 9.16 | 9.04 | 8.87 | 8.69 | 8.57 | 8.58 | 8.43 | 8.49 | 8.78 | 8.70 | 8.70 | 8.94 | 8.96 | 8.97 |
| Retained Earnings | 2.80 | 2.50 | 2.34 | 2.12 | 1.94 | 1.79 | 1.59 | 1.36 | 1.27 | 1.09 | 0.93 | 0.83 | 0.77 | 0.72 | 0.67 | 0.62 |
| Total Stockholder Equity | 4.33 | 4.47 | 4.63 | 4.62 | 4.61 | 5.01 | 4.83 | 4.69 | 4.60 | 4.18 | 3.93 | 3.80 | 3.72 | 3.65 | 3.57 | 3.50 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 9.61 | 9.80 | 10.19 | 10.08 | 9.35 | 9.49 | 9.73 | 9.71 | 8.95 | 8.94 | 9.11 | 9.01 | 8.54 | 8.52 | 8.92 | 8.83 | 7.80 | 6.14 | 7.89 | 7.66 |
| Cost of Revenue | 7.96 | 8.08 | 8.44 | 8.31 | 7.74 | 7.83 | 8.06 | 8.00 | 7.45 | 7.35 | 7.56 | 7.42 | 7.12 | 7.06 | 7.46 | 7.44 | 6.60 | 5.13 | 6.65 | 6.49 |
| Gross Profit | 1.65 | 1.72 | 1.75 | 1.78 | 1.61 | 1.67 | 1.67 | 1.71 | 1.50 | 1.59 | 1.54 | 1.59 | 1.43 | 1.45 | 1.46 | 1.38 | 1.20 | 1.01 | 1.24 | 1.17 |
| Selling, General & Admin | 1.43 | 1.39 | 1.46 | 1.40 | 1.39 | 1.36 | 1.38 | 1.35 | 1.32 | 1.30 | 1.31 | 1.27 | 1.24 | 1.25 | 1.25 | 1.23 | 1.16 | 0.98 | 1.10 | 1.04 |
| Total Operating Expenses | 1.44 | 1.40 | 1.47 | 1.41 | 1.39 | 1.36 | 1.39 | 1.35 | 1.33 | 1.31 | 1.31 | 1.27 | 1.24 | 1.26 | 1.25 | 1.23 | 1.16 | 0.98 | 1.11 | 1.05 |
| Operating Income | 0.22 | 0.32 | 0.28 | 0.37 | 0.22 | 0.30 | 0.28 | 0.35 | 0.17 | 0.28 | 0.23 | 0.32 | 0.19 | 0.20 | 0.21 | 0.15 | 0.03 | 0.03 | 0.14 | 0.12 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 |
| Pretax Income | 0.14 | 0.24 | 0.21 | 0.30 | 0.15 | 0.09 | 0.20 | 0.27 | 0.09 | 0.20 | 0.13 | 0.24 | 0.11 | 0.13 | 0.15 | 0.10 | (0.01) | (0.02) | 0.09 | 0.08 |
| Tax Provision | 0.03 | 0.06 | 0.05 | 0.08 | 0.03 | 0.02 | 0.05 | 0.07 | 0.01 | 0.05 | 0.03 | 0.06 | 0.03 | 0.03 | 0.05 | 0.03 | (0.01) | (0.01) | 0.03 | 0.02 |
| Net Income | 0.12 | 0.18 | 0.15 | 0.22 | 0.12 | 0.07 | 0.15 | 0.20 | 0.08 | 0.15 | 0.10 | 0.18 | 0.08 | 0.09 | 0.11 | 0.07 | (0.01) | (0.01) | 0.06 | 0.06 |
| Basic EPS | 0.53 | 0.83 | 0.68 | 0.97 | 0.50 | 0.30 | 0.61 | 0.81 | 0.33 | 0.62 | 0.38 | 0.76 | 0.33 | 0.38 | 0.44 | 0.27 | (0.07) | (0.10) | 0.25 | 0.21 |
| Diluted EPS | 0.52 | 0.82 | 0.67 | 0.96 | 0.49 | 0.28 | 0.61 | 0.80 | 0.33 | 0.59 | 0.38 | 0.73 | 0.32 | 0.38 | 0.43 | 0.27 | (0.07) | (0.10) | 0.24 | 0.20 |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | 294.00 | 293.00 | 351.00 | 334.00 | 391.00 | 283.00 | 270.00 | 482.00 | 139.00 | 205.00 | 282.00 | 374.00 | 279.00 | 152.00 | 354.00 | 101.00 | 158.00 | 270.00 | 74.00 | 176.00 |
| Capital Expenditures | 98.00 | 134.00 | 115.00 | 77.00 | 84.00 | 105.00 | 80.00 | 69.00 | 87.00 | 142.00 | 59.00 | 47.00 | 61.00 | 64.00 | 58.00 | 71.00 | 72.00 | 66.00 | 61.00 | 46.00 |
| Free Cash Flow* | 196.00 | 159.00 | 236.00 | 257.00 | 307.00 | 178.00 | 190.00 | 413.00 | 52.00 | 63.00 | 223.00 | 327.00 | 218.00 | 88.00 | 296.00 | 30.00 | 86.00 | 204.00 | 13.00 | 130.00 |
| Investing Cash Flow | (97.00) | (178.00) | (114.00) | (75.00) | (130.00) | (105.00) | (79.00) | (282.00) | (86.00) | (194.00) | (195.00) | (46.00) | (60.00) | (58.00) | (57.00) | (70.00) | (70.00) | (65.00) | (55.00) | (46.00) |
| Financing Cash Flow | (189.00) | (130.00) | (242.00) | (299.00) | (219.00) | (199.00) | (515.00) | (62.00) | (55.00) | (88.00) | (120.00) | (241.00) | (138.00) | (249.00) | (128.00) | (24.00) | (46.00) | (132.00) | (232.00) | (47.00) |
* Derived from reported values
