The Chefs' Warehouse Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 27, 2026	Dec '25 Dec 26, 2025	Dec '24 Dec 27, 2024	Dec '23 Dec 29, 2023	Dec '22 Dec 30, 2022	Dec '21 Dec 24, 2021
Revenue	4,258	4,150	3,794	3,434	2,613	1,746
Revenue Growth (YoY)	10.01%	9.37%	10.50%	31.39%	49.70%	57.05%
Cost of Revenue	3,222	3,145	2,880	2,619	1,995	1,355
Gross Profit	1,035	1,004	914.15	814.47	618.64	390.49
Selling, General & Admin	871.17	849.79	784.85	704.76	518.22	379.25
Other Operating Expenses	8.79	9.2	1.09	8.77	14.68	0.42
Total Operating Expenses	879.96	858.98	785.94	713.53	532.9	379.67
Operating Income	155.51	145.11	128.21	100.94	85.74	10.81
Interest Expense	-41.71	-41.56	-48.68	-45.47	-43.85	-17.59
Total Non-Operating Income (Expense)	-41.71	-41.56	-48.68	-45.47	-43.85	-17.59
Pretax Income	113.8	103.54	79.53	55.47	41.89	-6.78
Provision for Income Taxes	34.36	31.18	24.05	20.88	14.14	-1.85
Net Income	79.44	72.36	55.48	34.59	27.75	-4.92
Net Income to Common	79.44	72.36	55.48	34.59	27.75	-4.92
Net Income Growth	24.44%	30.43%	60.39%	24.65%	-	-
Shares Outstanding (Basic)	39	39	38	38	37	37
Shares Outstanding (Diluted)	46	46	46	46	39	37
Shares Change (YoY)	-0.06%	0.04%	0.75%	17.80%	5.44%	8.98%
EPS (Basic)	2.06	1.87	1.46	0.92	0.75	-0.13
EPS (Diluted)	1.83	1.68	1.32	0.88	0.73	-0.13
EPS Growth	21.19%	27.27%	50.00%	20.55%	-	-
Shares Outstanding	40.74	40.68	40.25	39.67	38.6	37.89
Free Cash Flow	81.13	87.79	103.56	4.21	-22.71	-58.7
Free Cash Flow Growth	-7.59%	-15.22%	2358.57%	-	-	-
Free Cash Flow Per Share	1.76	1.91	2.25	0.09	-0.59	-1.60
Gross Margin	24.32%	24.20%	24.09%	23.72%	23.67%	22.37%
Operating Margin	3.65%	3.50%	3.38%	2.94%	3.28%	0.62%
Profit Margin	1.87%	1.74%	1.46%	1.01%	1.06%	-0.28%
FCF Margin	1.91%	2.12%	2.73%	0.12%	-0.87%	-3.36%
EBITDA	235.74	223.24	193.14	156.55	123.98	45.78
EBITDA Margin	5.54%	5.38%	5.09%	4.56%	4.74%	2.62%
EBIT	155.51	145.11	128.21	100.94	85.74	10.81
EBIT Margin	3.65%	3.50%	3.38%	2.94%	3.28%	0.62%
Effective Tax Rate	30.19%	30.11%	30.24%	37.64%	33.75%	27.35%

SEC Filings: 10-K · 10-Q