Performance Food
PFGC · NYSEWholesale-Groceries, General Line · Fiscal year ends Jun 27
Performance Food reported revenue of $67.8B in the fiscal year ended Jun 2026, up 7.2% from the year before. Operating income was $888M, an operating margin of 1.3%, and net income was $359M. Operating cash flow of $1.4B less capital expenditure of $384M left free cash flow of $1B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | $50.9B | $57.3B | $58.3B | $63.3B | $67.8B |
| Cost of revenue | $45.6B | $51B | $51.7B | $55.9B | $59.7B |
| Gross profit | $5.3B | $6.3B | $6.6B | $7.4B | $8.1B |
| Operating income | $327M | $766M | $826M | $816M | $888M |
| Interest expense | $183M | $218M | $232M | $358M | $414M |
| Pre-tax income | $167M | $544M | $597M | $459M | $486M |
| Income tax | $55M | $147M | $161M | $119M | $127M |
| Net income | $113M | $397M | $436M | $340M | $359M |
| Diluted EPS | 0.74 | 2.54 | 2.79 | 2.18 | 2.29 |
| Diluted shares | 151M | 156M | 156M | 156M | 157M |
Balance sheet
| Fiscal year | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Receivables | $2.3B | $2.4B | $2.5B | $2.8B | $3.1B |
| Inventory | $3.4B | $3.4B | $3.3B | $3.9B | $4.3B |
| Current assets | $6B | $6.1B | $6.2B | $7.1B | $7.8B |
| Net PP&E | $2.1B | $2.3B | $2.8B | $4.5B | $4.8B |
| Goodwill | $2.3B | $2.3B | $2.4B | $3.5B | $3.6B |
| Total assets | $12.4B | $12.5B | $13.4B | $17.9B | $18.8B |
| Current liabilities | $3.6B | $3.6B | $3.8B | $4.5B | $5.2B |
| Short-term debt | $0 | $0 | $0 | $0 | $0 |
| Long-term debt | $3.9B | $3.5B | $3.2B | $5.4B | $5B |
| Total liabilities | $9.1B | $8.8B | $9.3B | $13.4B | $13.9B |
| Shareholders' equity | $3.3B | $3.7B | $4.1B | $4.5B | $4.9B |
Cash flow
| Fiscal year | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $277M | $832M | $1.2B | $1.2B | $1.4B |
| Capital expenditure | $216M | $270M | $396M | $506M | $384M |
| Free cash flow | $61M | $562M | $767M | $704M | $1B |
| Depreciation & amortisation | $463M | $497M | $557M | $718M | $814M |
| Stock-based compensation | $44M | $43M | $42M | $48M | $52M |
| Acquisitions | $1.7B | $64M | $308M | $2.6B | $383M |
| Share buybacks | $0 | $11M | $78M | $58M | $2M |
Key ratios
| Fiscal year | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 12.5% | 1.8% | 8.6% | 7.2% |
| Operating income growth (YoY) | – | 133.9% | 7.9% | −1.2% | 8.7% |
| EPS growth (YoY) | – | 243.2% | 9.8% | −21.9% | 5.0% |
| Gross margin | 10.3% | 10.9% | 11.3% | 11.7% | 11.9% |
| Operating margin | 0.6% | 1.3% | 1.4% | 1.3% | 1.3% |
| Net margin | 0.2% | 0.7% | 0.7% | 0.5% | 0.5% |
| Return on equityBlank when equity is negative | 3.4% | 10.6% | 10.6% | 7.6% | 7.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 3.7% | 8.6% | 8.6% | 6.1% | 6.5% |
| Free cash flow margin | 0.1% | 1.0% | 1.3% | 1.1% | 1.5% |
| Cash conversion (CFO ÷ net income) | 2.46x | 2.09x | 2.67x | 3.56x | 3.93x |
| Receivable days | 17 | 15 | 16 | 16 | 16 |
| Inventory days | 27 | 24 | 23 | 25 | 26 |
| Interest cover | 1.79x | 3.51x | 3.56x | 2.28x | 2.15x |
| Debt ÷ equity | 1.18x | 0.92x | 0.78x | 1.20x | 1.02x |
| Current ratio | 1.66x | 1.71x | 1.64x | 1.58x | 1.51x |
Recent filings
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.