Q4 25 EPS
$1.04
BEAT +3.41%
Est. $1.01
Q4 25 Revenue
$9.80B
MISS 1.02%
Est. $9.90B
vs S&P Since Q4 25
-14.5%
TRAILING MARKET
USFD -5.7% vs S&P +8.9%
Full Year 2025 Results
FY 25 EPS
$3.98
BEAT +0.98%
Est. $3.94
FY 25 Revenue
$39.42B
MISS 0.27%
Est. $39.53B
Market Reaction
Did USFD Beat Earnings? Q4 2025 Results
US Foods delivered a mixed but ultimately encouraging fourth quarter for fiscal 2025, posting adjusted earnings per share of $1.04 against a consensus estimate of $1.01, a beat of 3.41%, even as revenue of $9.80 billion came in just shy of the $9.90 … Read more US Foods delivered a mixed but ultimately encouraging fourth quarter for fiscal 2025, posting adjusted earnings per share of $1.04 against a consensus estimate of $1.01, a beat of 3.41%, even as revenue of $9.80 billion came in just shy of the $9.90 billion analysts had anticipated, representing year-over-year growth of 3.3%. The earnings outperformance was driven in large part by meaningful margin expansion, with Adjusted EBITDA margin widening 35 basis points to 5.0% as the company benefited from distribution productivity improvements and tighter cost management. Independent restaurant case volume growth of 4.1% and gains in healthcare and hospitality segments helped offset a 3.4% decline in chain volumes, reflecting the company's deliberate focus on higher-margin customer categories. Net income surged to $184.00 million, compared to a much weaker year-ago period weighed down by a $124.00 million pension settlement charge. The company also signaled intentions to explore a sale of its Chef'Store cash-and-carry business to sharpen its focus on core foodservice distribution. Looking ahead, management guided for fiscal 2026 Adjusted Diluted EPS growth of 18% to 24%.
Key Takeaways
- • Independent restaurant case volume increased 4.1% in Q4 and 3.3% for the full year
- • Healthcare case volume increased 2.9% in Q4 and 4.4% for the full year
- • Hospitality case volume increased 3.1% in Q4 and 2.9% for the full year
- • Food cost inflation of 1.8% in Q4 and 2.6% for the full year contributed to net sales growth
- • Improved cost of goods sold and inventory management drove gross profit expansion
- • Continued distribution productivity improvement and streamlined administrative processes
- • Adjusted EBITDA margin expanded 35 basis points to 5.0% in Q4 and 30 basis points to 4.9% for the full year
USFD YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
“2025 was a strong start to our three year long-range plan. We grew Adjusted EBITDA 11% to a record $1.9 billion, expanded Adjusted EBITDA margin by 30 basis points to 4.9%, and increased Adjusted Diluted EPS 26% to a record $3.98.”
— Dave Flitman, Q4 2025 Earnings Press Release
USFD Earnings Trends
USFD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
USFD EPS Trend
Earnings per share: estimate vs actual
USFD Revenue Trend
Quarterly revenue: estimate vs actual
USFD Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.81 | $0.78 | -3.61% | $9.61B | -0.50% |
| Q4 25 BEAT FY | $1.01 | $1.04 | +3.41% | $9.80B | -1.02% |
| FY Full Year | $3.94 | $3.98 | +0.98% | $39.42B | -0.27% |
| Q3 25 BEAT | $1.03 | $1.07 | +3.73% | $10.19B | +0.23% |
| Q2 25 BEAT | $1.13 | $1.19 | +5.13% | $10.08B | -1.01% |
| Q1 25 MISS | $0.69 | $0.68 | -2.05% | $9.35B | -0.43% |
| Q4 24 BEAT FY | $0.80 | $0.84 | +4.37% | $9.49B | -0.05% |
| FY Full Year | $3.13 | $3.15 | +0.77% | $37.88B | -0.02% |