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	Jun '26 Jun 26, 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	4,392	4,150	3,794	3,434	2,613	1,746
Revenue Growth	11.16%	9.37%	10.50%	31.39%	49.70%	57.05%
Cost of Revenue	3,317	3,145	2,880	2,619	1,995	1,355
Gross Profit	1,074	1,004	914.15	814.47	618.64	390.49
Selling, General & Admin	891.6	849.79	784.85	704.76	518.22	379.25
Other Operating Expenses	8.5	9.2	1.09	8.77	14.68	0.42
Total Operating Expenses	900.09	858.98	785.94	713.53	532.9	379.67
Operating Income	173.92	145.11	128.21	100.94	85.74	10.81
Interest Expense	-40.4	-41.56	-48.68	-45.47	-43.85	-17.59
Total Non-Operating Income (Expense)	-40.4	-41.56	-48.68	-45.47	-43.85	-17.59
Pretax Income	133.52	103.54	79.53	55.47	41.89	-6.78
Provision for Income Taxes	41.55	31.18	24.05	20.88	14.14	-1.85
Net Income	91.97	72.36	55.48	34.59	27.75	-4.92
Net Income to Common	91.97	72.36	55.48	34.59	27.75	-4.92
Net Income Growth	32.22%	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	-0.10%	0.04%	0.75%	17.80%	5.44%	8.98%
EPS (Basic)	2.38	1.87	1.46	0.92	0.75	-0.13
EPS (Diluted)	2.10	1.68	1.32	0.88	0.73	-0.13
EPS Growth	28.83%	27.27%	50.00%	20.55%	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 26, 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
Free Cash Flow	125.77	87.79	103.56	4.21	-22.71	-58.7
Free Cash Flow Growth	6.41%	-15.22%	2358.57%	-	-	-
Free Cash Flow Per Share	2.73	1.91	2.25	0.09	-0.59	-1.60
Gross Margin	24.46%	24.20%	24.09%	23.72%	23.67%	22.37%
Operating Margin	3.96%	3.50%	3.38%	2.94%	3.28%	0.62%
Profit Margin	2.09%	1.74%	1.46%	1.01%	1.06%	-0.28%
FCF Margin	2.86%	2.12%	2.73%	0.12%	-0.87%	-3.36%
EBITDA	255.94	223.24	193.14	156.55	123.98	45.78
EBITDA Margin	5.83%	5.38%	5.09%	4.56%	4.74%	2.62%
EBIT	173.92	145.11	128.21	100.94	85.74	10.81
EBIT Margin	3.96%	3.50%	3.38%	2.94%	3.28%	0.62%
Effective Tax Rate	31.12%	30.11%	30.24%	37.64%	33.75%	27.35%

SEC Filings: 10-K · 10-Q