US Foods Holding Corp. (USFD) Income Statement
USFD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsUSFD revenue and net income
Where USFD's revenue goes
2025Each bar shows an amount and its share of revenue. USFD kept 1.7% of revenue as net income.
USFD profit margins
USFD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.1% | +5.0% | +11.5% | +5.5% |
| Gross profit | +5.1% | +7.7% | +13.0% | +6.1% |
| Operating income | +9.8% | +26.7% | — | +17.2% |
| Net income | +36.8% | +36.6% | — | — |
| EPS (diluted) | +23.4% | +21.4% | +108.1% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
USFD quarterly EPS vs estimates
US Foods beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $1.18).
USFD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.42B | $37.88B | $35.60B | $34.06B | $29.49B | $22.89B | $25.94B | $24.18B | $24.15B | $22.92B |
| Cost of revenue | $32.56B | $31.34B | $29.45B | $28.57B | $24.83B | $19.17B | $21.35B | $19.87B | $19.93B | $18.87B |
| Gross profit | $6.86B | $6.53B | $6.15B | $5.49B | $4.66B | $3.72B | $4.59B | $4.31B | $4.22B | $4.05B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $5.63B | $5.32B | $5.12B | $4.89B | $4.22B | $3.76B | $3.89B | $3.65B | $3.64B | $3.59B |
| Total operating expenses | $5.63B | $5.41B | $5.12B | $4.89B | $4.23B | $3.80B | $3.89B | $3.65B | $3.63B | $3.63B |
| Operating income | $1.23B | $1.12B | $1.03B | $606.0M | $424.0M | −$77.0M | $699.0M | $658.0M | $588.0M | $419.0M |
| Interest income | — | — | — | — | — | — | — | — | — | $229.0M |
| Interest expense | $305.0M | $315.0M | $324.0M | $255.0M | $213.0M | $238.0M | $184.0M | $175.0M | $170.0M | $229.0M |
| Income before taxes | $898.0M | $644.0M | $678.0M | $361.0M | $214.0M | −$294.0M | $511.0M | $496.0M | $404.0M | $131.0M |
| Income taxes | $222.0M | $150.0M | $172.0M | $96.0M | $50.0M | −$68.0M | $126.0M | $89.0M | −$40.0M | −$79.0M |
| Net income | $676.0M | $494.0M | $506.0M | $265.0M | $164.0M | −$226.0M | $385.0M | $407.0M | $444.0M | $210.0M |
| EBITDA | $1.67B | $1.40B | $1.40B | $988.0M | $805.0M | $366.0M | $1.06B | $1.01B | $952.0M | $781.0M |
| EPS (diluted) | $3.90 | $3.16 | $2.63 | $2.18 | $1.56 | $0.10 | $2.28 | $2.03 | $1.38 | $1.51 |
| Gross margin | 17.4% | 17.3% | 17.3% | 16.1% | 15.8% | 16.3% | 17.7% | 17.8% | 17.5% | 17.7% |
| Operating margin | 3.1% | 3.0% | 2.9% | 1.8% | 1.4% | −0.3% | 2.7% | 2.7% | 2.4% | 1.8% |
| Net margin | 1.7% | 1.3% | 1.4% | 0.8% | 0.6% | −1.0% | 1.5% | 1.7% | 1.8% | 0.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.53B | $9.61B | $9.80B | $10.19B | $10.08B | $9.35B | $9.49B | $9.73B | $9.71B | $8.95B | $8.94B | $9.11B |
| Cost of revenue | $8.61B | $7.96B | $8.08B | $8.44B | $8.30B | $7.74B | $7.83B | $8.06B | $8.00B | $7.45B | $7.35B | $7.56B |
| Gross profit | $1.92B | $1.65B | $1.72B | $1.75B | $1.78B | $1.61B | $1.67B | $1.67B | $1.71B | $1.50B | $1.59B | $1.54B |
| Sales, general & admin | $1.48B | $1.43B | $1.39B | $1.46B | $1.40B | $1.39B | $1.33B | $1.38B | $1.35B | $1.32B | $1.10B | $1.31B |
| Total operating expenses | $1.48B | $1.44B | $1.39B | $1.46B | $1.40B | $1.39B | $1.36B | $1.39B | $1.35B | $1.33B | $1.31B | $1.31B |
| Operating income | $443.0M | $216.0M | $334.0M | $295.0M | $374.0M | $229.0M | $304.0M | $279.0M | $353.0M | $165.0M | $278.0M | $230.0M |
| Interest expense | $77.0M | $75.0M | $78.0M | $76.0M | $74.0M | $77.0M | $80.0M | $75.0M | $81.0M | $79.0M | $80.0M | $81.0M |
| Income before taxes | $369.0M | $142.0M | $244.0M | $206.0M | $300.0M | $148.0M | $87.0M | $201.0M | $269.0M | $87.0M | $200.0M | $129.0M |
| Income taxes | $94.0M | $26.0M | $60.0M | $53.0M | $76.0M | $33.0M | $21.0M | $53.0M | $71.0M | $5.0M | $53.0M | $34.0M |
| Net income | $275.0M | $116.0M | $184.0M | $153.0M | $224.0M | $115.0M | $66.0M | $148.0M | $198.0M | $82.0M | $147.0M | $95.0M |
| EBITDA | $564.0M | $336.0M | $439.0M | $400.0M | $489.0M | $337.0M | $278.0M | $390.0M | $458.0M | $271.0M | $385.0M | $307.0M |
| EPS (diluted) | $1.33 | $0.78 | $1.04 | $1.07 | $1.11 | $0.68 | $0.84 | $0.85 | $0.93 | $0.54 | $0.64 | $0.70 |
| Gross margin | 18.2% | 17.2% | 17.6% | 17.2% | 17.6% | 17.3% | 17.6% | 17.1% | 17.6% | 16.7% | 17.8% | 16.9% |
| Operating margin | 4.2% | 2.2% | 3.4% | 2.9% | 3.7% | 2.4% | 3.2% | 2.9% | 3.6% | 1.8% | 3.1% | 2.5% |
| Net margin | 2.6% | 1.2% | 1.9% | 1.5% | 2.2% | 1.2% | 0.7% | 1.5% | 2.0% | 0.9% | 1.6% | 1.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in USFD's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
USFD financial results
In fiscal year 2025 (ended December 31, 2025), US Foods reported revenue of $39.4 billion, up 4.1% from the year before. It had net income of $676.0 million (up 36.8%), a net profit margin of 1.7%. Diluted earnings per share came to $3.90. Over five years revenue grew at an average rate of 11.5% a year.
See the USFD stock overview for the latest quote and news, or the USFD chart for price history and technical indicators.
USFD income statement FAQ
What is US Foods's annual revenue?
US Foods reported total revenue of $39.4 billion for fiscal year 2025, which ended on December 31, 2025. That was up 4.1% from $37.9 billion the previous year.
Is US Foods profitable?
Yes. US Foods reported net income of $676.0 million in fiscal 2025, a net profit margin of 1.7%; its operating margin was 3.1%.
What is US Foods's gross margin?
US Foods's gross margin was 17.4% in fiscal 2025: for every $100 of revenue, US Foods kept $17 after the direct cost of its products and services.
How fast is US Foods growing?
Revenue grew 11.5% a year on average over the last five fiscal years, from $22.9 billion to $39.4 billion.
What are US Foods's earnings per share?
US Foods earned $3.90 per diluted share in fiscal 2025, compared with $3.16 a year earlier.
When will US Foods report its next earnings?
US Foods is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does US Foods's fiscal year end?
US Foods's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.