US Foods Holding Past Earnings Performance
Past criteria checks 4/6
US Foods Holding has been growing earnings at an average annual rate of 39.8%, while the Consumer Retailing industry saw earnings growing at 12.9% annually. Revenues have been growing at an average rate of 8.2% per year. US Foods Holding's return on equity is 15.6%, and it has net margins of 1.7%.
Key information
39.82%
Earnings growth rate
39.74%
EPS growth rate
| Consumer Retailing Industry Growth | 10.91% |
| Revenue growth rate | 8.25% |
| Return on equity | 15.62% |
| Net Margin | 1.71% |
| Last Earnings Update | 28 Mar 2026 |
Recent past performance updates
Recent updates
Analysis Article • May 09
US Foods Holding Corp. Just Missed EPS By 19%: Here's What Analysts Think Will Happen Next
US Foods Holding Corp. ( NYSE:USFD ) shareholders are probably feeling a little disappointed, since its shares fell...
Narrative Update • Apr 26
USFD: Steady Q4 Execution And Tuck In M&A Will Support Re Rating
The analyst price target for US Foods Holding has been adjusted slightly higher, with the model moving by about $0.20. Analysts point to broadly higher Street targets supported by recent research that presents Q4 as a steady quarter and reflects updated views on growth, profitability, and valuation assumptions.Seeking Alpha • Apr 13
US Foods Holding: A Truly Defensive Winner Of The Trade-Down Economy
Summary US Foods Holding is rated Buy, leveraging macro weakness to expand private label brands and execute a robust M&A pipeline. USFD delivered strong Q4 and 2025 results: 4.1% net sales growth, 11% Adj. EBITDA growth, and 26.3% Adj. Diluted EPS increase. Guidance for 2026 targets 4–6% net sales growth, 9–13% Adj. EBITDA growth, and 18–24% Adj. Diluted EPS growth, with $400–440M CAPEX. Risks include macro shocks from inflation, Iran conflict, and consumer trade-downs that can lead to a recession, but USFD’s defensive positioning and buybacks support the risk-reward. Read the full article on Seeking AlphaNarrative Update • Apr 12
USFD: Future Execution And M&A Program Will Support Earnings Multiple Re Rating
Analysts have lifted the blended price target for US Foods Holding, with the fair value estimate moving from about $108.20 to roughly $109.53, citing a wave of recent target increases across major firms following what has been described as a mixed but solid Q4 print. Analyst Commentary Recent Street research on US Foods points to a cluster of price target increases around the latest Q4 results, alongside at least one downgrade, giving you a mix of optimism and caution to weigh.Narrative Update • Mar 28
USFD: Future Execution And Buybacks Will Support Earnings Multiple Re Rating
Analyst price targets for US Foods Holding have shifted modestly higher, with multiple firms lifting their views into a broad range that now extends as high as an increase of $28, as analysts factor in recent quarterly results and updated outlooks on the business. Analyst Commentary Recent Street research around US Foods Holding reflects a generally constructive tone on valuation and execution, with several firms adjusting price targets and ratings following the latest quarterly update and sector work.Narrative Update • Mar 14
USFD: Higher Earnings Multiple And Buybacks Will Support Future Upside Potential
Analysts have raised their blended price targets on US Foods Holding, with the range now extending into the high $80s to mid $90s. They cite a mix of generally constructive reactions to recent earnings and sector outlook updates, even as one firm adopted a more cautious stance with a downgrade.Narrative Update • Feb 28
USFD: Higher Earnings Multiple And Buybacks Will Support A Constructive Outlook
Analysts have raised their blended price target for US Foods Holding to $110.20 from $104.07, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E after a series of recent target revisions across the Street. Analyst Commentary Recent research has been active around US Foods Holding, with several firms updating price targets and one making a rating downgrade.Narrative Update • Feb 14
USFD: Recent Buybacks And Guidance Will Shape Balanced Outlook
Analysts have lifted their average price target on US Foods Holding by about $12 to $104.07, citing updated assumptions on fair value, discount rate, revenue growth, profit margins, and future P/E, along with a broad series of recent target increases from major firms with only limited offsets from downgrades and trims. Analyst Commentary Street research on US Foods Holding has been active, with several firms updating their targets and ratings in a short span.Analysis Article • Dec 22
What You Can Learn From US Foods Holding Corp.'s (NYSE:USFD) P/E
With a price-to-earnings (or "P/E") ratio of 30.9x US Foods Holding Corp. ( NYSE:USFD ) may be sending very bearish...Narrative Update • Oct 22
Analysts Raise US Foods Target Following Margin Gains and Growth Outlook Amid Mixed Market Views
US Foods Holding’s analyst price target has been raised to $92.40 from $91.33. This reflects analysts’ increased confidence in the company’s growing margins and accelerated revenue, supported by balanced growth strategies.Narrative Update • Sep 04
Digital Automation And Sustainable Sourcing Will Redefine Away Dining
Despite ongoing macroeconomic headwinds, US Foods Holding is benefiting from accelerating case growth, margin expansion, and improved industry demand, leading analysts to maintain their fair value estimate at $91.33. Analyst Commentary Case growth at US Foods accelerated in Q2 despite macroeconomic headwinds, with potential catalysts for further improvement in the second half of 2025.Analysis Article • Sep 03
Is US Foods Holding Corp. (NYSE:USFD) Trading At A 31% Discount?
Key Insights The projected fair value for US Foods Holding is US$113 based on 2 Stage Free Cash Flow to Equity US Foods...Analysis Article • Aug 15
We Like The Quality Of US Foods Holding's (NYSE:USFD) Earnings
NYSE:USFD 1 Year Share Price vs Fair Value Explore US Foods Holding's Fair Values from the Community and select yours...Analysis Article • Jul 31
Why US Foods Holding Corp. (NYSE:USFD) Could Be Worth Watching
US Foods Holding Corp. ( NYSE:USFD ) saw a significant share price rise of 38% in the past couple of months on the...Analysis Article • Jul 16
With US Foods Holding Corp. (NYSE:USFD) It Looks Like You'll Get What You Pay For
With a price-to-earnings (or "P/E") ratio of 35.6x US Foods Holding Corp. ( NYSE:USFD ) may be sending very bearish...Analysis Article • May 30
Should You Be Adding US Foods Holding (NYSE:USFD) To Your Watchlist Today?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Seeking Alpha • Feb 24
US Foods Holding: Still Not Likely To Beat The Market
Summary I rated US Foods Holding stock a 'hold' due to its fair valuation, despite impressive operational growth and solid future guidance. The company reported strong revenue and adjusted profit growth, driven by increased case volume and food cost inflation. Management's 2025 guidance projects significant earnings and EBITDA growth, yet the stock remains fairly valued compared to peers. US Foods Holding's acquisition strategy and share buybacks are positive, but I aim to outperform the market, not just match it. Read the full article on Seeking AlphaSeeking Alpha • Feb 18
US Foods Holding: Rating Downgrade On Cautious FY 2025 Outlook
Summary I am downgrading US Foods Holding to a hold rating due to aggressive 2025 growth assumptions, particularly in independent restaurant case volumes. USFD delivered strong 4Q24 results with revenue up 6.2% y/y and adj EBITDA up 13.7% y/y, driven by strategic initiatives. Concerns arise from weakening demand in the independent restaurant category and the risk of USFD missing its FY25 guidance and consensus estimates. USFD's current valuation at 11x forward EBITDA is at the high end of its historical range, posing a risk of multiple deratings if growth targets are missed. Read the full article on Seeking AlphaSeeking Alpha • Nov 29
US Foods Holding: This Pick Is No Longer On Sale
Summary US Foods Holding has shown strong revenue and profit growth, sending shares up 36.2% since August and 76.5% since February 2023. Despite positive financial performance, including a 6.8% revenue increase year-over-year recently and improved profit margins, the stock is no longer attractively priced. Management's future growth plans include annual revenue growth of 5% and EBITDA growth of 10% from 2025 to 2027, with significant capital allocation. Given the current valuation and recent stock performance, I am downgrading USFD from a 'Buy' to a 'Hold' recommendation. Read the full article on Seeking Alpha
New Narrative • Aug 22
Descartes Technology And Decisive Acquisitions Set To Propel Revenue And Earnings Growth
Implementation of new technology and digital platforms aims to boost operational efficiency and customer experience, potentially increasing net margins and revenue.Seeking Alpha • Aug 09
US Foods Holding: Still Appetizing At Current Levels
Summary US Foods Holding has shown strong growth in revenue and earnings, with shares up 36.6% since a bullish article was written about it in October 2023. Recent financial results for the second quarter of the 2024 fiscal year exceeded expectations, with revenue up 7.7% and earnings per share at $0.80. Management forecasts continued growth in revenue, earnings, and cash flow for the company, with plans for acquisitions and growth initiatives between 2025 and 2027. Read the full article on Seeking AlphaSeeking Alpha • May 16
US Foods Holding: A Leader In A Fragmented And Resilient Industry
Summary US Foods Holding has demonstrated strong top-line growth and expanding profit margins over the past three years. In 1Q24, USFD's net sales continued to grow, driven by case volume growth and food cost inflation. USFD's addressable markets are expected to grow until 2025, and the company has completed the acquisition of IWC Food Service to extend its reach into Tennessee. In addition, USFD's net leverage ratio is well within management's guided range of 2.5x and 3x. Net leverage decreased 0.4x year-over-year. Read the full article on Seeking AlphaSeeking Alpha • Mar 02
US Foods Holding Shows Great Execution; Upgrading To Buy
Summary US Foods Holding showed strong execution and beat revenue expectations in 4Q23, leading to an upgrade to a buy rating. Margins are expected to continue improving, driving faster EBITDA growth than revenue in the near-to-medium term. Ongoing cost-saving and productivity improvement initiatives should support margin expansion and drive further upside potential. Read the full article on Seeking AlphaSeeking Alpha • Dec 27
US Foods: A High Quality Defensive Business At An Attractive Price
Summary US Foods Holding Corp. is a leading US foodservice distribution company. The company operates a high-quality business and enjoys competitive advantages due to scale. USFD is expected to grow earnings at an above-market rate over the next few years, driven mostly by margin expansion. The stock is trading at a below-market multiple and is also trading at an attractive valuation relative to peers. I am initiating USFD with a buy rating. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How US Foods Holding makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 28 Mar 26 | 39,683 | 677 | 5,565 | 0 |
| 27 Dec 25 | 39,424 | 676 | 5,521 | 0 |
| 27 Sep 25 | 39,115 | 558 | 5,514 | 0 |
| 28 Jun 25 | 38,652 | 553 | 5,436 | 0 |
| 29 Mar 25 | 38,279 | 527 | 5,388 | 0 |
| 28 Dec 24 | 37,877 | 494 | 5,322 | 0 |
| 28 Sep 24 | 37,322 | 575 | 5,258 | 0 |
| 29 Jun 24 | 36,700 | 522 | 5,189 | 0 |
| 30 Mar 24 | 36,004 | 506 | 5,101 | 0 |
| 30 Dec 23 | 35,597 | 499 | 5,019 | 0 |
| 30 Sep 23 | 35,176 | 435 | 4,962 | 0 |
| 01 Jul 23 | 34,987 | 440 | 4,892 | 0 |
| 01 Apr 23 | 34,801 | 319 | 4,853 | 0 |
| 31 Dec 22 | 34,057 | 228 | 4,778 | 0 |
| 01 Oct 22 | 33,181 | 204 | 4,647 | 0 |
| 02 Jul 22 | 32,154 | 159 | 4,499 | 0 |
| 02 Apr 22 | 30,990 | 144 | 4,309 | 0 |
| 01 Jan 22 | 29,487 | 121 | 4,119 | 0 |
| 02 Oct 21 | 27,986 | 39 | 3,986 | 0 |
| 03 Jul 21 | 25,944 | -18 | 3,801 | 0 |
| 03 Apr 21 | 22,841 | -161 | 3,527 | 0 |
| 02 Jan 21 | 22,885 | -254 | 3,592 | 0 |
| 26 Sep 20 | 23,681 | -138 | 3,691 | 0 |
| 27 Jun 20 | 24,364 | -31 | 3,675 | 0 |
| 28 Mar 20 | 26,247 | 182 | 3,850 | 0 |
| 28 Dec 19 | 25,939 | 385 | 3,752 | 0 |
| 28 Sep 19 | 25,046 | 392 | 3,638 | 0 |
| 29 Jun 19 | 24,668 | 401 | 3,667 | 0 |
| 30 Mar 19 | 24,383 | 411 | 3,629 | 0 |
| 29 Dec 18 | 24,175 | 407 | 3,605 | 0 |
| 29 Sep 18 | 24,130 | 563 | 3,588 | 0 |
| 30 Jun 18 | 24,181 | 545 | 3,576 | 0 |
| 31 Mar 18 | 24,182 | 484 | 3,601 | 0 |
| 30 Dec 17 | 24,147 | 444 | 3,645 | 0 |
| 30 Sep 17 | 23,829 | 265 | 3,655 | 0 |
| 01 Jul 17 | 23,466 | 302 | 3,642 | 0 |
| 01 Apr 17 | 23,114 | 223 | 3,645 | 0 |
| 31 Dec 16 | 22,919 | 210 | 3,586 | 0 |
| 01 Oct 16 | 23,176 | 123 | 3,548 | 0 |
| 02 Jul 16 | 23,131 | -5 | 3,614 | 0 |
| 02 Apr 16 | 23,167 | 174 | 3,564 | 0 |
| 02 Jan 16 | 23,128 | 168 | 3,671 | 0 |
| 26 Sep 15 | 22,946 | 225 | 3,564 | 0 |
Quality Earnings: USFD has high quality earnings.
Growing Profit Margin: USFD's current net profit margins (1.7%) are higher than last year (1.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: USFD has become profitable over the past 5 years, growing earnings by 39.8% per year.
Accelerating Growth: USFD's earnings growth over the past year (28.6%) is below its 5-year average (39.8% per year).
Earnings vs Industry: USFD earnings growth over the past year (28.6%) exceeded the Consumer Retailing industry 12.2%.
Return on Equity
High ROE: USFD's Return on Equity (15.6%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/11 19:13 |
| End of Day Share Price | 2026/05/11 00:00 |
| Earnings | 2026/03/28 |
| Annual Earnings | 2025/12/27 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
US Foods Holding Corp. is covered by 28 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Bernstein | Barclays |
| Jeffrey Bernstein | Barclays |
| Alok Patel | Berenberg |