The Chefs' Warehouse, Inc. (CHEF)

The Chefs' Warehouse Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 26, 2025	Dec 27, 2024	Dec 29, 2023	Dec 30, 2022	Dec 24, 2021	Dec 25, 2020
Revenue	4,041	3,794	3,434	2,613	1,746	1,112
Revenue Growth (YoY)	8.88%	10.50%	31.39%	49.70%	57.05%	-30.17%
Cost of Revenue	3,062	2,880	2,619	1,995	1,355	848.88
Gross Profit	978.49	914.15	814.47	618.64	390.49	262.75
Selling, General & Admin	829.27	782.68	702.58	517.86	379.25	320.59
Other Operating Expenses	1.29	4.35	0.37	1.82	0.67	1.11
Operating Expenses	830.55	787.03	702.96	519.67	379.92	321.7
Operating Income	147.93	127.12	111.52	98.96	10.56	-58.95
Interest Expense	-43.5	-48.68	-45.47	-43.85	-17.59	-20.95
EBT Excluding Unusual Items	104.43	78.44	66.04	55.11	-7.03	-79.9
Merger & Restructuring Charges	-2.18	-2.18	-5.66	-4.72	-0.45	-0.44
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.15
Asset Writedown	-	-	-1.84	-	-0.6	-38.8
Other Unusual Items	2.58	3.27	-3.08	-8.51	1.3	-4.32
Pretax Income	104.84	79.53	55.47	41.89	-6.78	-123.61
Income Tax Expense	30.24	24.05	20.88	14.14	-1.85	-40.7
Net Income	74.6	55.48	34.59	27.75	-4.92	-82.9
Net Income to Common	74.6	55.48	34.59	27.75	-4.92	-82.9
Net Income Growth	56.88%	60.39%	24.65%	-	-	-
Shares Outstanding (Basic)	39	38	38	37	37	34
Shares Outstanding (Diluted)	46	46	46	39	37	34
Shares Change (YoY)	-9.20%	0.75%	17.80%	5.44%	8.98%	12.11%
EPS (Basic)	1.94	1.46	0.92	0.75	-0.13	-2.46
EPS (Diluted)	1.73	1.32	0.88	0.73	-0.13	-2.46
EPS Growth	55.09%	50.69%	19.82%	-	-	-
Free Cash Flow	86.64	103.56	4.21	-22.71	-58.7	35.85
Free Cash Flow Per Share	1.88	2.25	0.09	-0.59	-1.60	1.06
Gross Margin	24.22%	24.09%	23.72%	23.67%	22.37%	23.64%
Operating Margin	3.66%	3.35%	3.25%	3.79%	0.60%	-5.30%
Profit Margin	1.85%	1.46%	1.01%	1.06%	-0.28%	-7.46%
Free Cash Flow Margin	2.14%	2.73%	0.12%	-0.87%	-3.36%	3.23%
EBITDA	217.08	186.6	161.15	131.45	39.45	-30.47
EBITDA Margin	5.37%	4.92%	4.69%	5.03%	2.26%	-2.74%
D&A For EBITDA	69.14	59.49	49.63	32.49	28.89	28.49
EBIT	147.93	127.12	111.52	98.96	10.56	-58.95
EBIT Margin	3.66%	3.35%	3.25%	3.79%	0.60%	-5.30%
Effective Tax Rate	28.84%	30.24%	37.64%	33.75%	-	-

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q