US Foods (USFD) Q4 2025 Earnings
How Did USFD Stock React to Q4 2025 Earnings?
Did USFD Beat Earnings? Q4 2025 Results
Yes. US Foods reported Q4 2025 earnings of $1.04 a share on Feb 12, 2026, beating the $1.01 consensus estimate by 3.4%. Revenue was $9.8B against a $9.9B estimate.
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%.
- 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
“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.”
US Foods CEO, on the earnings call
What Was US Foods's Outlook in Q4 2025?
For fiscal year 2026, US Foods guided for net sales growth of 4% to 6%, Adjusted EBITDA growth of 9% to 13%, and Adjusted Diluted EPS growth of 18% to 24%. The guidance includes the impact of a 53rd week in fiscal year 2026, expected to add approximately 1% to total case growth and Adjusted EBITDA growth. Management reiterated confidence in achieving its long-range plan algorithm and financial targets, including generating more than $4 billion of cumulative operating cash flow from 2025 to 2027, and delivering sustained double-digit Adjusted EPS growth beyond 2027.
USFD YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $9.8B | $9.5B | +3.3% |
| Gross Profit | $1.7B | $1.7B | +3.2% |
| Operating Income | $321.0M | $302.0M | +6.3% |
| Net Income | $184.0M | $66.0M | +178.8% |
Figures from SEC filings and company reports. Not investment advice.