The Chefs' Warehouse, Inc. (CHEF)

The Chefs' Warehouse Income Statement

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

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

Updated Feb 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q