USFD US Foods Holding Corp.

Overview and Growth

Fiscal 2025 results for US Foods Holding Corp. combined $39.42B of revenue with net income of $676.00M and an operating cash inflow of $1.37B. At $39.42B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 4.1% above fiscal 2024 revenue of $37.88B, marking a year-over-year increase. The company reported diluted EPS of $2.94, adding a shareholder-level measure to the absolute income figures considered below. Diluted EPS increased by 45.5% from $2.02 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Revenue equaled 2.83x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $6.86B as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 17.4% of revenue, quantifying the portion retained before operating expenses were recognized. Operating income was $1.20B, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 3.0%, showing the portion of revenue preserved after the full set of operating costs. Net income came to $676.00M, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 1.7%, meaning that this portion of revenue remained as net income after all recognized expenses. Before income taxes, the company reported $898.00M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 2.3%, adding a pre-tax profitability layer between revenue and net income. The reported income-tax provision was $222.00M, the amount recognized between pretax income and the final net-income result. The income-tax provision equaled 24.7% of pretax income, showing the tax burden absorbed by the year’s earnings. Return on period-end equity was 15.7%, relating annual net income to the equity capital on the balance sheet.

Liquidity and Capital Structure

The company held $13.94B of assets against $9.64B of liabilities and $4.31B of equity, revealing how the asset base was financed. Current assets were $4.16B against $3.59B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 1.16x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $41.00M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 1.1% of current liabilities, showing how much near-term coverage came from cash alone. Liabilities represented 69.1% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 0.3%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 3.8% higher than fiscal 2024 assets of $13.44B, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $1.37B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 2.03x of net income, showing how strongly accounting earnings converted into cash from operations. Capital spending was $410.00M, absorbing part of the cash generated from operations before free cash flow. Capital spending absorbed 29.9% of operating cash flow, quantifying the share of cash from operations directed to investment. The combination of operating cash flow and capital spending produced $959.00M of positive free cash flow for the period. Relative to revenue, free cash flow equaled 2.4%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 6.9%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 27, 2025. Analysis generated Oct 21, 2026.