USFD on NYSE

US Foods

Logo: Usfoods, CC BY-SA 3.0, via Wikimedia Commons5

American foodservice distributor

US Foods Holding Corp. (formerly known as U.S. Foodservice) is an American food service distributor.3 From Wikipedia, CC BY-SA 4.0

$101.40 up 2.95 (3.00%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

Aug 1, 1989Founded1

Compare with Sysco, Domino's Pizza or HF Foods Group Inc., or pick any stock.

  • TickerUSFD on NYSE1
  • Industryfoodservice distributor1
  • HeadquartersRosemont1
  • Websitewww.usfoods.com
  • Incorporated inIL6
  • Business address9399 W. Higgins Rd., Suite 100, Rosemont, Il 600186
  • Filer categoryLarge accelerated filer6

US Foods Holding Corp. (formerly known as U.S. Foodservice) is an American food service distributor. It is the second-largest food service distributor in the US, after Sysco. The company supplies 250,000 locations including independent restaurants, chain restaurants, healthcare, hospitality, and educational institutions.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

17.4%Gross margin8
3.0%Operating margin8
1.7%Net margin8
4.1%Revenue growth, 20258
15.7%Return on equity8
$959.0MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product One brought in 35% of the revenue US Foods broke down this way in fiscal 2025.

  1. Product One$14.0B835%up 8% from 2024
  2. Product Two$6.7B817%up 1% from 2024
  3. Product Three$6.6B817%up 3% from 2024
  4. Product Four$4.2B811%up 4% from 2024
  5. Product Five$3.6B89%up 2% from 2024
  6. Product Six$2.3B86%up 8% from 2024
  7. Product Seven$1.9B85%down 9% from 2024
Products and services by year
Products and services202320242025
Product One$12.0B$12.9B$14.0B
Product Two$6.4B$6.6B$6.7B
Product Three$6.1B$6.4B$6.6B
Product Four$3.7B$4.0B$4.2B
Product Five$3.6B$3.6B$3.6B
Product Six$2.0B$2.2B$2.3B
Product Seven$1.9B$2.1B$1.9B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue83¢$32.6B
  • Selling, general and admin14¢$5.6B
  • Other costs1¢$334.0M
  • Income tax1¢$222.0M
  • Profit2¢$676.0M

Out of $39.4B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending30¢$410.0M
  • Share buybacks68¢$926.0M
  • Kept or used elsewhere2¢$33.0M

Out of $1.4B of cash from operations.8

Financial statements

Revenue910118$39.4B in 2025+52% since 2019
0$10.0B$20.0B$30.0B$40.0B2019: $25.9B$25.9B20192021: $22.9B$22.9B2021−12%2022: $34.1B$34.1B2022+49%2023: $35.6B$35.6B2023+5%2024: $37.9B$37.9B2024+6%2025: $39.4B$39.4B2025+4%
Gross profit910118$6.9B in 2025+50% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $4.6B$4.6B20192021: $3.7B$3.7B2021−19%2022: $5.5B$5.5B2022+48%2023: $6.1B$6.1B2023+12%2024: $6.5B$6.5B2024+6%2025: $6.9B$6.9B2025+5%
Operating income910118$1.2B in 2025+72% since 2019
-$500.0M0$500.0M$1.0B$1.5B2019: $699.0M$699.0M20192021: -$77.0M-$77.0M20212022: $594.0M$594.0M20222023: $1.0B$1.0B2023+71%2024: $1.1B$1.1B2024+8%2025: $1.2B$1.2B2025+9%
Net income910118$676.0M in 2025+76% since 2019
-$250.0M0$250.0M$500.0M$750.0M2019: $385.0M$385.0M20192021: -$226.0M-$226.0M20212022: $265.0M$265.0M20222023: $506.0M$506.0M2023+91%2024: $494.0M$494.0M2024−2%2025: $676.0M$676.0M2025+37%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Net sales$39.4B$37.9B$35.6B
Cost of goods sold$32.6B$31.3B$29.4B
Gross profit$6.9B$6.5B$6.1B
Distribution, selling and administrative costs$5.6B$5.4B$5.1B
Restructuring activity and asset impairment charges$33.0M$23.0M$14.0M
Total operating expenses$5.7B$5.4B$5.1B
Operating income$1.2B$1.1B$1.0B
Other (income) expensenet-$4.0M$6.0M-$6.0M
Interest expensenet$305.0M$315.0M$324.0M
Loss on extinguishment of debt$0$10.0M$21.0M
Recognition of net actuarial loss for pension settlement$0$124.0M$0
Income before income taxes$898.0M$644.0M$678.0M
Income tax provision$222.0M$150.0M$172.0M
Net income$676.0M$494.0M$506.0M
Changes in retirement benefit obligations$5.0M$158.0M-$43.0M
Loss on pension settlement$0-$124.0M$0
Interest rate hedge activity$0$0$1.0M
Comprehensive income$681.0M$528.0M$464.0M
Series A convertible preferred stock dividends$0$0-$7.0M
Net income available to common shareholders$676.0M$494.0M$499.0M
Basic$2.98$2.05$2.09
Diluted$2.94$2.02$2.02
Basic227.0M shares241.0M shares239.0M shares
Diluted230.0M shares244.0M shares250.0M shares

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The story

Early history

The company traces its roots to John Sexton & Company, founded in 1883. It was one of the first food distributors to develop a national sales force and distribution network, first with a horse and wagon, and after 1924, with a diesel truck fleet. In 1968, John Sexton & Co. was purchased by Beatrice Foods for $37.5 million.

In the 1970s, the Pearce-Young-Angel Company (PYA) merged with Monarch Foods, then owned by Consolidated Foods Corporation (the precursor of Sara Lee). In 1983, S.E. Rykoff merged with Sexton to become Rykoff-Sexton. In the late 1980s, Sara Lee completed the corporate spin-off of its northeastern and mid-Atlantic portions of the company to management in a leveraged buyout, forming JP Foodservice. In 1996, JP Foodservice acquired the remaining portion of PYA/Monarch.

In 1992, United Signature Foods Inc. was created. United Signature Foods Inc. After a series of mergers and buyouts between Rykoff-Sexton and US Foodservice and finally JP Foodservice, the company became a nationwide distributor.

1990s

In November 1994, the company adopted the name JP Foodservice, Inc. and became a public company via an initial public offering. Sara Lee Corporation then held 37% of JP common stock. The public offering raised $80 million, and JP restructured and paid off much of its debt.

Toward the end of 1995, the company and its former parent, Sara Lee Corporation, began talks about exchanging PYA/Monarch, Sara Lee's southeastern foodservice subsidiary, for JP stock worth about $946 million. Yet, the two companies failed to reach agreement on several factors, including valuation (JP's stock price had gone up in expectation of the merger), structure, and dilution of earnings to existing shareholders, and the deal fell through in February 1996. The experience left both sides bitter, and JP was expected to find a way to reduce Sara Lee's presence or end its investment in the company all together. In late 1996, Sara Lee sold its remaining stake in JP Foodservice.

In February 2000, U.S. Foodservice acquired Stock Yards Packing. In April 2000, Ahold acquired US Foodservice for $3.6 billion. In December 2000, U.S. Foodservice acquired PYA/Monarch for $1.57 billion.

In 2007, Clayton, Dubilier & Rice and Kohlberg Kravis Roberts acquired the company for $7.1 billion.

2010s—

In August 2010, John A. Lederer was appointed president and chief executive officer.

Read the full text

In September 2011, U.S. Foodservice announced its name change to US Foods, Inc. (styled as "US. Foods" in the new logo unveiled at the same time).

In December 2013, Sysco agreed to acquire US Foods for $8.2 billion but the merger was terminated in 2015 after failure to get regulatory approval due to antitrust concerns.

In May 2016, after the merger with Sysco was terminated, the company once again became a public company via an initial public offering.

In November 2022, Dave Flitman was named chief executive officer of the company.

From Wikipedia’s article on US Foods, shared under CC BY-SA 4.0.7

Leadership

Who has led US Foods, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Dave Flitman2023–now
19901995200020052010201520202025

Products and brands

  • frozen meal
  • meat
  • produce

Listed on Wikidata.1

Subsidiaries and ownership

Parent company

From Wikidata.1

Timeline

  1. Jan 5, 2023New chief executive Dave Flitman becomes CEO1
  2. May 26, 2016Went public Listed on NYSE1
  3. Aug 1, 1989Founded Founded1

Recent filings

  1. Oct 2, 20268-K
  2. Aug 17, 20264
  3. Aug 14, 20264
  4. Aug 13, 2026144
  5. Aug 11, 20264
  6. Aug 7, 2026144
  7. Aug 6, 20268-K
  8. Aug 6, 2026SCHEDULE 13G/A
  9. Aug 6, 202610-Q
  10. Aug 4, 2026SCHEDULE 13G/A
  11. Jul 30, 2026SCHEDULE 13G/A
  12. Jul 8, 2026SCHEDULE 13G/A
  13. Jun 8, 20264
  14. Jun 2, 20268-K
  15. May 21, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2