— Know what they know.
/
Not Investment Advice

SYY

NYSE · USD
Sysco Corporation
Consumer Defensive · Food Distribution
CEO Kevin Hourican Employees 75,000 R&D / revenue 0.0%
Last price
$82.22+0.09%last session
Market cap
$40.4B
P/E (TTM)
22.4x
From 52w high
−10.5%
From 52w low
+20.6%
1-year return
+7.3%
RSI 14 · vs SMA200
65.3 · +4.1%
IS score
51.3/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

SYY   SPY   XLP (sector ETF) · weekly closes
90100110Jan 26Apr 26Jul 26Oct 26SPY 116XLP 111SYY 107

Score DNA

Each bar is a 0-100 score within the scored universe
37
Profitability
48
Growth
43
Value
70
Momentum
100
Risk (safety)
52
Quality
33
Balance sheet
87
Earnings quality

Flags

Strengths
✓ Insider buying✓ Congress buying
Warnings
None of the computed warning flags fires for SYY (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Cost AdvantagePiotroski 7 / 9Altman Z 5.0Beta 0.634 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
1
$1.00M bought
Form 144 notices (12m): 15, $26.3M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
2
Last disclosed purchase 2026-09-22
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+72
214 new holders, 124 closed
1,648 filers hold 89.1% · 592 added, 603 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+266
1,099 funds adding shares
833 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
48.0%
20-day avg 33.0%, 50-day avg 34.5%
Latest 15.0 pp over its 20-day average · a flow, not short interest

Key financials · FY2026

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$84.6B
Revenue growth YoY+3.9%
Gross margin18.5%
Operating income$3.1B
Operating margin3.7%
Net income$1.8B
Net margin2.1%
EPS (diluted)$3.66
Cash flow
Operating cash flow$2.6B
Capital expenditure$700.0M
Free cash flow$1.9B
FCF conversion (FCF / OCF)73.5%
Stock-based compensation$118.0M
FCF less SBC$1.8B
Buybacks$200.0M
Dividends$1.0B
Balance sheet & returns
Cash & short-term investments$1.8B
Total debt$13.5B
Net debt$11.7B
Shareholders' equity$2.7B
Goodwill & intangibles$6.2B
Debt / equity5.61
ROE (TTM)75.5%
ROIC (TTM)12.4%
Operating margin by fiscal year
3.4%FY20224.0%FY20234.1%FY20243.8%FY20253.7%FY2026
Revenue $68.6B (FY2022) to $84.6B (FY2026), a 5.4% CAGR.

Valuation

P/E (TTM)22.4x
EV / EBITDA13.0x
Price / sales0.48x
Price / FCF20.9x
FCF yield4.79%
Buyback yield0.49%
SBC / revenue0.1%
Price / book14.78x
Forward P/E FY202716.2x
Forward multiples divide today's price by Street EPS estimates. Street mean target $88.33 across 3 analysts last quarter is theirs, not ours.

SYY vs industry median

47 companies in Food Distribution
Gross margin 18.5% 16.8% Operating margin 3.7% 1.4% Net margin 2.1% 0.3% ROIC 12.4% 9.8%
SYY (TTM)Industry median Asset turnover 2.98 vs industry 1.91 · financial leverage 10.65

Earnings delivery

Next report 2026-11-03 · consensus EPS $1.19
67%
beat rate, 8 of 12 quarters
+1.1%
median EPS surprise
4
longest beat streak
+3+1+1+1-4+0-6+6+3+1-1+1
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-31 to 2026-08-04. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
SYY Sysco Corporation $40.4B22.4x75.5%2.1%+3.9% +7.3%
USFD US Foods Holding Corp. $22.1B30.9x16.4%2.6%+3.8% +36.0%
PFGC Performance Food Group Co $15.4B42.5x7.7%0.9%+7.2% −2.8%
CHEF The Chefs' Warehouse, Inc. $4.6B47.7x15.3%2.9%+11.2% +96.6%
ADM Archer-Daniels-Midland Compa $39.8B22.6x7.7%4.0%−0.8% +32.4%
FMX Fomento Económico Mexicano, $43.1B23.0x31.1%2.4%−70.9% —
EL The Estée Lauder Companies $37.9B205.0x4.7%-3.2%+5.1% —
KR The Kroger Co. $37.6B34.4x14.3%1.9%+1.6% —
12-month window: SPY +15.9%, sector ETF XLP +11.4%. Past returns describe history only.

Recent 8-K filings

2026-09-16Other Events; Exhibits
2026-09-14Other Events; Exhibits
2026-09-09Regulation FD; Exhibits
2026-09-09Regulation FD; Exhibits
2026-09-04Material Agreement; Financial Obligation; Officer/Director Change; Exhibits
2026-08-20Officer/Director Change; Regulation FD; Exhibits

Context

Shares outstanding491,913,960
Free float97.1%
Institutional ownership89.1%
Beta0.63
Dividend yield2.65%
Last dividend$0.55 on 2026-10-02
50 / 200-day average$80.77 / $80.03
Large-cap Consumer Defensive median P/E23.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where SYY sits among 6 scored companies in Food Distribution (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureSYYIndustry medianIndustry percentileSector median
P/E (TTM) 23.0x 38.5x
0th		 20.0x
PEG (P/E ÷ 3-yr EPS CAGR) 13.99 — 1.14
Price / sales 0.5x 0.5x
40th		 1.1x
Price / book 15.2x 4.1x
100th		 2.5x
Price / tangible book —
Price / free cash flow 20.9x 20.9x
50th		 14.7x
Price / operating cash flow 15.3x 15.7x
40th		 9.4x
Enterprise value $53.6B $14.5B
100th		 $5.1B
EV / sales 0.6x 0.7x
40th		 1.3x
EV / EBITDA 13.0x 13.2x
40th		 12.3x
EV / EBIT 17.9x 26.0x
0th		 16.5x
EV / free cash flow 27.7x 27.7x
50th		 18.2x
Earnings yield 4.3% 2.6%
100th		 3.9%
FCF yield 4.8% 4.5%
60th		 6.5%
Operating cash flow yield 6.5% 6.4%
60th		 10.4%
Graham number (per share) $21.36 $26.49
20th		 $35.68

Profitability (TTM)

MeasureSYYIndustry medianIndustry percentileSector median
Gross margin 18.5% 15.5%
80th		 34.4%
EBITDA margin 4.9% 4.6%
60th		 10.7%
Operating margin 3.7% 3.2%
80th		 7.6%
EBIT margin 3.5% 2.6%
80th		 6.9%
Net margin 2.1% 1.2%
80th		 3.3%
NOPAT margin 2.8% 1.7%
80th		 4.8%
FCF margin 2.3% 1.9%
60th		 7.6%
Operating cash flow margin 3.1% 3.1%
60th		 11.1%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 0.0% 4.1%
0th		 21.1%
Stock comp / revenue 0.1% 0.2%
20th		 0.5%
Effective tax rate 22.8% 25.1%
20th		 23.2%

Returns on capital

MeasureSYYIndustry medianIndustry percentileSector median
ROE (on average equity) 78.2% 11.5%
100th		 10.4%
ROA 6.4% 3.3%
100th		 4.9%
ROIC 15.1% 7.0%
100th		 8.2%
ROCE 16.7% 8.8%
100th		 9.1%
Return on tangible assets 10.8% 6.9%
100th		 7.2%
Cash ROIC (OCF / invested capital) 16.6% 11.5%
100th		 15.0%
Gross profitability (GP / assets) 55.1% 51.1%
80th		 32.4%
ROIC, 3-yr average 12.5% 4.5%
100th		 6.4%
ROIC, 5-yr average 14.1% 4.7%
100th		 7.8%
ROE, 5-yr average 91.5% 8.8%
100th		 11.4%
Incremental ROIC 74.7% 36.2%
80th		 12.8%

Growth

MeasureSYYIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 3.9% 3.9%
60th		 3.8%
Revenue growth (QoQ) 7.8% 10.0%
20th		 4.3%
Revenue CAGR, 3 yr 3.5% 5.2%
20th		 3.8%
Revenue CAGR, 5 yr 10.5% 9.9%
60th		 5.1%
Gross profit CAGR, 3 yr 3.9% 7.4%
20th		 4.0%
Operating income CAGR, 3 yr 0.6% 19.4%
0th		 4.3%
Net income growth (TTM YoY) -3.9% 5.6%
25th		 5.6%
Net income CAGR, 3 yr -0.2% 16.0%
25th		 5.4%
EPS growth (TTM YoY) -3.3% 5.3%
25th		 4.7%
EPS CAGR, 3 yr 1.6% 21.2%
25th		 6.8%
EPS CAGR, 5 yr 29.2% 29.2%
50th		 4.1%
FCF growth (TTM YoY) 8.8% 8.8%
50th		 23.4%
FCF CAGR, 3 yr -2.2% — 14.6%
Operating cash flow CAGR, 3 yr -2.7% 7.9%
20th		 6.4%
Book value CAGR, 3 yr 12.0% 9.3%
80th		 5.3%
Dividend CAGR, 3 yr 3.1% — 1.7%
Sustainable growth rate 32.0% 11.5%
100th		 8.3%

Margin history & stability

MeasureSYYIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 18.5% 15.3%
80th		 34.7%
Operating margin, 3-yr average 3.8% 3.3%
80th		 6.7%
Net margin, 3-yr average 2.3% 1.6%
100th		 4.2%
FCF margin, 3-yr average 2.4% 2.2%
100th		 6.5%
Revenue stability (0-1) 0.86 0.87
40th		 0.81
Earnings stability (0-1) 0.61 0.59
60th		 0.34
Margin stability (0-1) 0.99 0.96
100th		 0.95

Liquidity (latest quarter)

MeasureSYYIndustry medianIndustry percentileSector median
Cash & short-term investments $1.8B $74.2M
100th		 $279.3M
Net cash (− = net debt) −$13.2B −$4.1B
0th		 −$1.0B
Working capital $2.9B $618.0M
100th		 $285.9M
Current ratio 1.28 1.40
20th		 1.43
Quick ratio 0.77 0.74
60th		 0.86
Cash ratio (cash + ST investments / current liabilities) 0.17 0.09
60th		 0.28
Defensive interval (days) 223 days 193 days
60th		 251 days

Leverage & solvency (latest quarter)

MeasureSYYIndustry medianIndustry percentileSector median
Total debt $15.0B $4.1B
100th		 $1.8B
Debt / equity 5.61 1.52
100th		 0.75
Net debt / equity 4.94 1.41
100th		 0.55
Debt / assets 52.7% 42.0%
100th		 31.6%
Debt / capital 84.9% 60.4%
100th		 43.0%
Debt / EBITDA 3.63 4.09
40th		 2.69
Net debt / EBITDA 3.20 3.84
40th		 2.14
Interest coverage (EBIT / interest) 4.2x 3.3x
80th		 4.7x
Cash interest coverage 3.7x 3.9x
20th		 8.2x
Debt payback (years of OCF) 5.7 yrs 5.6 yrs
60th		 2.8 yrs
Liabilities / assets 90.6% 72.1%
100th		 56.2%
IS credit model rating BBB — —
Implied credit spread (bps) 275 275
40th		 225

Efficiency

MeasureSYYIndustry medianIndustry percentileSector median
Asset turnover 3.07 2.96
60th		 0.94
Fixed asset turnover 11.48 10.85
60th		 4.44
Inventory turnover 13.3 13.3
40th		 6.0
Receivables turnover 14.9 16.7
40th		 12.1
Days sales outstanding 25 days 22 days
60th		 30 days
Days inventory outstanding 28 days 27 days
60th		 61 days
Days payables outstanding 35 days 27 days
100th		 38 days
Cash conversion cycle (days) 17 days 19 days
40th		 37 days
Capex / revenue 0.8% 0.8%
60th		 3.1%
Capex / depreciation 0.62 0.67
40th		 0.92
Operating expense ratio 14.2% 13.4%
80th		 24.8%

Cash flow & earnings quality

MeasureSYYIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.50 2.91
0th		 1.87
FCF / net income 1.10 1.33
20th		 1.28
FCF / operating cash flow 73.5% 71.0%
80th		 71.9%
Capex / operating cash flow 26.5% 29.0%
20th		 29.5%
Accruals ratio -3.2% -4.1%
80th		 -6.1%
Sloan accruals ratio -1.0% -4.0%
80th		 -3.9%
Earnings quality score (0-1) 1.00 1.00
40th		 0.75

Dividends & buybacks

MeasureSYYIndustry medianIndustry percentileSector median
Dividend yield 2.7% 0.0%
100th		 1.8%
Dividend per share (TTM) $2.18 $0.00
100th		 $0.64
Payout ratio (dividends / net income) 59.0% 0.0%
100th		 32.1%
Dividends / FCF 53.5% 0.0%
100th		 27.4%
Dividend growth (YoY) 4.3% — 1.8%
Buyback yield 0.5% 0.7%
40th		 0.9%
Shareholder yield (dividends + buybacks) 3.1% 1.3%
80th		 3.6%
Share count change (YoY) -0.6% 0.1%
20th		 -0.2%
Buybacks, last 5 years $4.3B $163.7M
100th		 $184.1M

Scores & forensic checks

MeasureSYYIndustry medianIndustry percentileSector median
IS score 51 52
20th		 53
IS profitability 37 21
100th		 32
IS growth 48 51
20th		 50
IS value 43 37
80th		 49
IS momentum 70 81
20th		 73
IS risk (safety) 100 100
20th		 80
IS quality 52 56
0th		 65
IS balance sheet 33 35
40th		 53
IS earnings quality 87 84
100th		 76
IS cash flow 52 52
40th		 57
Piotroski F-score (0-9) 7 7
20th		 6
Altman Z-score 5.0 4.8
80th		 3.2
Beneish M-score −2.39 −2.54
80th		 −2.71
Ohlson O-score −6.06 −6.69
100th		 −7.61
IS credit score 59 58
60th		 64

Per share

MeasureSYYIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $3.66 $2.14
100th		 $2.03
Book value per share $5.55 $16.74
0th		 $16.28
Tangible book per share −$7.33 $1.36
20th		 $3.52
Revenue per share $175.93 $178.97
40th		 $41.08
FCF per share $4.03 $4.16
40th		 $3.18
Operating cash flow per share $5.49 $5.85
40th		 $4.93
Cash per share $3.72 $0.59
100th		 $2.81

Size (TTM)

MeasureSYYIndustry medianIndustry percentileSector median
Market cap $40.4B $10.0B
100th		 $4.0B
Revenue $84.6B $35.6B
100th		 $5.2B
EBITDA $4.1B $1.1B
100th		 $426.9M
Net income $1.8B $225.6M
100th		 $167.0M
Free cash flow $1.9B $634.5M
100th		 $345.6M
Total assets $28.4B $10.7B
100th		 $4.8B
Shareholders' equity $2.7B $2.1B
60th		 $1.6B
Employees 75,000 26,716
100th		 9,700

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-30Dibadj Ali
Director
 Award / grant 350$78.49$27,47217,331
2026-09-30Paul Alison Kenney
Director
 Award / grant 105$78.49$8,24112,994
2026-09-30Brutto Daniel J
Director
 Award / grant 63$78.49$4,94538,793
2026-09-30Glasscock Larry C
Director
 Award / grant 334$78.49$26,216105,171
2026-09-14Phillips Ronald L
EVP and CHRO
 Open-market sale 57$84.32$4,80649,646
2026-09-11Higgs Stephen Dale
SVP
 Tax withholding 176$82.31$14,48723,709
2026-09-11Keller Gregory Scott
EVP
 Tax withholding 62$82.31$5,10338,673
2026-09-11Garrett Brenna C
SVP, CCO
 Tax withholding 47$82.31$3,86918,415
2026-09-11Phillips Ronald L
EVP and CHRO
 Option exercise 960$69.95$67,15250,812
2026-09-11Phillips Ronald L
EVP and CHRO
 Open-market sale 960$83.00$79,68049,852
2026-09-11Phillips Ronald L
EVP and CHRO
 Tax withholding 149$82.31$12,26449,703
2026-09-11Phillips Ronald L
EVP and CHRO
 Option exercise 960$69.95$67,1521

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired25221,696$4.9M
Open-market buyAcquired113,304$1.0M
Open-market saleDisposed615,525$1.3M
Option exerciseAcquired414,815$1.1M
Option exerciseDisposed314,595$1.1M
Tax withholdingDisposed2748,889$4.1M
—Disposed20—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 15 notices · 313,773 shares · $26.3M
FiledFilerShares proposedEst. proceeds
2026-09-14Phillips Ronald L57$4,806
2026-09-11Phillips Ronald L960$79,680
2026-08-24Phillips Ronald L506$42,550
2026-08-21Phillips Ronald L7,350$614,534
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 7 trades (3 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-09-22Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-06-02Ro KhannaHousePurchase$1,001 - $15,0002026-07-08
2026-01-29Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2020-12-31Shelley Moore CapitoSenateSale (Full)$1,001 - $15,0002021-01-12
2020-12-31Shelley Moore CapitoSenateSale (Full)$1,001 - $15,0002021-01-11
2020-12-31Shelley Moore CapitoSenateSale (Full)$1,001 - $15,0002021-01-11
2020-04-16David PerdueSenateSale (Full)$1,001 - $15,0002021-05-02
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.43,028,910$3.6B8.75%
VANGUARD CAPITAL MANAGEMENT LLC31,227,007$2.6B6.35%
STATE STREET CORP27,115,261$2.3B5.51%
VANGUARD PORTFOLIO MANAGEMENT LLC26,946,494$2.3B5.48%
GEODE CAPITAL MANAGEMENT, LLC13,099,143$1.1B2.66%
GOLDMAN SACHS GROUP INC10,239,646$855.8M2.08%
Invesco Ltd.7,362,148$615.3M1.50%
NORGES BANK7,115,401$594.7M1.45%
D. E. Shaw & Co., Inc.6,047,049$505.4M1.23%
BANK OF AMERICA CORP /DE/5,773,981$482.6M1.17%
Capital Research Global Investors5,227,694$436.9M1.06%
MIZUHO MARKETS AMERICAS LLC4,915,688$410.9M1.00%
CITADEL ADVISORS LLC4,815,455$402.5M0.98%
DIMENSIONAL FUND ADVISORS LP4,784,041$399.8M0.97%
MORGAN STANLEY4,070,356$340.2M0.83%

Institutional ownership by quarter

2023-092026-0689.1%
% of shares held by 13F filers
2023-092026-061,648
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,64889.1%214592603124
2026-03-311,57685.7%157569595123
2025-12-311,57188.4%183504634132
2025-09-301,55887.2%14551762487
2025-06-301,51888.8%127523603119
2025-03-311,53189.5%129514629139
2024-12-311,56190.2%18555457393
2024-09-301,49389.0%15752556784
2024-06-301,43787.7%110523572133
2024-03-311,48487.2%145511590102
2023-12-311,46087.9%20845959086
2023-09-301,36187.2%95517540138

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%36,009,782
2026-04-29SCHEDULE 13GVanguard Portfolio Management5.6%26,859,562
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-02-05SCHEDULE 13G/ABlackRock, Inc.7.7%37,984,016
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.05%$1.2B
VTI0.05%$1.2B
VTSAX0.05%$1.2B
VSMPX0.05%$1.2B
VFIAX0.06%$979.9M
VFFSX0.06%$979.9M

Share structure

Shares outstanding491,913,960
Float477,658,728
Free float97.1%

Income statement

Fiscal years, USD
FY2022FY2023FY2024FY2025FY2026
Revenue$68.6B$76.3B$78.8B$81.4B$84.6B
Cost of revenue$56.3B$62.4B$64.2B$66.4B$68.9B
Gross profit$12.3B$14.0B$14.6B$15.0B$15.6B
R&D$0$0$0$0$0
SG&A$9.8B$10.8B$11.1B$11.4B$0
Operating income$2.3B$3.0B$3.2B$3.1B$3.1B
EBITDA$3.3B$3.7B$4.2B$4.1B$4.1B
Pretax income$1.7B$2.3B$2.6B$2.4B$2.3B
Income tax$388.0M$515.0M$610.0M$587.0M$519.0M
Net income$1.4B$1.8B$2.0B$1.8B$1.8B
EPS, diluted$2.64$3.47$3.89$3.73$3.66
Diluted shares514.0M509.7M503.1M489.8M480.6M

Balance sheet

FY2022FY2023FY2024FY2025FY2026
Cash & short-term investments$867.1M$745.0M$696.0M$1.1B$1.8B
Receivables$4.9B$5.1B$5.3B$5.5B$5.9B
Inventory$4.4B$4.5B$4.7B$5.1B$5.3B
Total current assets$10.5B$10.6B$11.0B$12.0B$13.4B
PP&E, net$5.2B$5.6B$6.4B$7.2B$7.4B
Goodwill & intangibles$5.5B$5.5B$6.3B$6.3B$6.2B
Total assets$22.1B$22.8B$24.9B$26.8B$28.4B
Accounts payable$5.8B$6.0B$6.3B$6.5B$6.6B
Total current liabilities$8.8B$8.5B$9.2B$9.9B$10.5B
Long-term debt$10.1B$10.3B$11.5B$12.0B$12.3B
Total liabilities$20.7B$20.8B$23.0B$24.9B$25.7B
Shareholders' equity$1.4B$2.0B$1.9B$1.9B$2.7B

Cash flow statement

Outflows are negative
FY2022FY2023FY2024FY2025FY2026
Net income$1.4B$1.8B$2.0B$1.8B$1.8B
Depreciation & amortization$881.0M$889.0M$997.0M$1.1B$1.1B
Stock-based compensation$122.0M$96.0M$104.0M$93.0M$118.0M
Change in working capital−$617.0M−$235.0M−$158.0M−$399.0M−$47.0M
Operating cash flow$1.8B$2.9B$3.0B$2.7B$2.6B
Capital expenditure−$633.0M−$793.0M−$832.0M−$906.0M−$700.0M
Free cash flow$1.2B$2.1B$2.2B$1.8B$1.9B
Investing cash flow−$1.9B−$785.0M−$2.0B−$717.0M−$697.0M
Net debt issued / repaid−$642.0M−$581.0M$1.1B$573.0M$81.0M
Buybacks−$500.0M−$500.0M−$1.2B−$1.2B−$200.0M
Dividends paid−$959.0M−$996.0M−$1.0B−$1.0B−$1.0B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2022FY2023FY2024FY2025FY2026
Gross margin18.0%18.3%18.5%18.4%18.5%
Operating margin3.4%4.0%4.1%3.8%3.7%
Net margin2.0%2.3%2.5%2.2%2.1%
FCF margin1.7%2.7%2.7%2.2%2.3%
ROE92.6%104.4%101.0%99.1%78.2%
ROIC15.3%19.0%17.3%15.3%15.1%
ROA6.2%7.9%8.2%7.1%6.4%
Debt / equity8.245.566.967.925.61
Interest coverage3.8x5.3x5.2x4.8x4.2x
Current ratio1.201.241.201.211.28
Revenue growth+33.8%+11.2%+3.3%+3.2%+3.9%
EPS growth+160.5%+31.5%+12.9%−3.7%−3.3%
P/E at year end29.3x19.9x17.4x19.6x22.5x
EV / EBITDA at year end15.5x12.3x11.1x11.9x12.8x
FCF yield at year end2.91%5.89%6.33%4.98%4.90%
Dividend payout70.6%56.3%51.6%54.7%59.0%

Revenue by segment

FY2022FY2023FY2024FY2025FY2026
Fresh And Frozen Meats1$13.3B$13.5B$14.3B$15.2B$17.1B
Canned And Dry Products1$12.0B$14.4B$14.9B$14.6B$15.0B
Frozen Fruits, Vegetables, Bakery And Other1$9.6B$11.4B$12.1B$12.3B$12.7B
Dairy Products1$6.8B$8.2B$8.0B$8.7B$8.3B
Poultry1$7.7B$7.8B$7.7B$8.1B$7.9B
Fresh Produce1$5.7B$6.7B$6.8B$6.6B$7.0B
Paper And Disposables1$5.1B$5.4B$5.4B$5.5B$5.6B
Other Products$3.1B$3.5B$2.5B$2.6B$2.8B
Seafood1$3.2B$3.0B$2.8B$2.8B$3.1B
Beverage Products1$2.2B$2.6B$2.8B$3.0B$3.2B
Equipment And Smallwares——$1.5B$1.9B$1.9B

Revenue by region · FY2026

U.S. Foodservice Operations$58.8B · 70%
International Foodservice Operations$16.0B · 19%
Sygma Segment$8.6B · 10%

Street estimates by fiscal year

Next report 2026-11-03 · consensus EPS $1.19 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$84.4B$84.2B – $84.5B$4.59$4.57 – $4.59917.9x
2026$84.4B$84.2B – $84.5B$4.59$4.57 – $4.60917.9x
2027$89.7B$87.9B – $93.1B$5.08$5.02 – $5.18716.2x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-04$1.51$1.53+1.3%$21.9B$22.1B+0.8%
2026-04-28$0.94$0.94−0.5%$20.6B$20.5B−0.2%
2026-01-27$0.98$0.99+1.4%$20.8B$20.8B+0.0%
2025-10-28$1.12$1.15+2.7%$21.1B$21.1B+0.3%
2025-07-29$1.39$1.48+6.5%$21.0B$21.1B+0.5%
2025-04-29$1.02$0.96−5.9%$20.0B$19.6B−2.2%
2025-01-28$0.93$0.930.0%$20.1B$20.2B+0.3%
2024-10-29$1.13$1.09−3.5%$20.5B$20.5B+0.1%
2024-07-30$1.38$1.39+0.7%$20.5B$20.6B+0.2%
2024-04-30$0.95$0.96+1.1%$19.7B$19.4B−1.8%
2024-01-30$0.88$0.89+1.1%$19.3B$19.3B−0.2%
2023-10-31$1.04$1.07+2.9%$19.8B$19.6B−0.8%
2023-08-01$1.33$1.34+0.8%$20.0B$19.7B−1.3%
2023-05-02$0.92$0.90−2.2%$19.9B$18.9B−5.4%
2023-01-31$0.83$0.80−3.6%$18.6B$18.6B+0.0%
2022-11-01$0.99$0.97−2.0%$18.7B$19.1B+2.3%
2022-08-09$1.11$1.15+3.6%$18.3B$19.0B+3.6%
2022-05-10$0.55$0.71+29.1%$16.0B$16.9B+5.7%
2022-02-08$0.69$0.57−17.4%$15.9B$16.3B+2.7%
2021-11-09$0.86$0.83−3.5%$15.9B$16.5B+3.3%
2021-08-10$0.57$0.71+24.6%$16.1B$16.1B−0.0%
2021-05-04$0.20$0.22+10.0%$12.4B$11.8B−4.4%
2021-02-02$0.35$0.17−51.4%$12.5B$11.6B−7.3%
2020-11-03$0.25$0.34+36.0%$8.7B$11.8B+36.0%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.306-150.306-220.306-290.407-060.307-130.207-200.307-270.808-030.308-100.308-170.208-240.308-31
Week ofNotionalSharesTrades
2026-08-31$265.1M3,247,67271,621
2026-08-24$177.5M2,134,54760,996
2026-08-17$253.6M3,053,10966,005
2026-08-10$305.7M3,634,13968,158
2026-08-03$817.7M9,759,675132,503
2026-07-27$304.2M3,583,19076,188

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1548.0%
DateShort shareShort volumeTotal volume
2026-10-1548.0%543,9551,133,361
2026-10-1435.6%315,830887,329
2026-10-1337.5%278,839744,368
2026-10-1235.5%231,643652,502
2026-10-0951.3%465,470907,900
2026-10-0847.8%1,012,5202,117,968
2026-10-0733.9%218,156643,894
2026-10-0638.7%386,692999,105
2026-10-0528.1%387,7211,377,495
2026-10-0223.7%255,7151,080,776
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.3Jan+0.1Feb-0.5Mar+2.7Apr+0.2May-0.8Jun+0.6Jul+3.2Aug-0.6Sep+0.9Oct+2.4Nov+1.6Dec
MonthAvg returnUp yearsYears
Jan+0.3%35%20
Feb+0.1%55%20
Mar−0.5%62%21
Apr+2.7%55%20
May+0.2%40%20
Jun−0.8%40%20
Jul+0.6%50%20
Aug+3.2%70%20
Sep−0.6%45%20
Oct+0.9%55%20
Nov+2.4%70%20
Dec+1.6%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1465.3
MFI59.3
ADX17.2
Stochastic %K / %D90.5 / 92.4
Williams %R-13.2
CCI245
TSI / signal4.6 / -11.1
Chaikin money flow-0.03
ATR$1.50
Bollinger width8.2%
Volume vs 20-day avg0.66x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$78.31 (+5.0%)
SMA 50$80.28 (+2.4%)
SMA 200$79.01 (+4.1%)
EMA 21$79.25 (+3.7%)
EMA 50$79.67 (+3.2%)
EMA 200$78.61 (+4.6%)
Bollinger upper$81.51 (+0.9%)
Bollinger lower$75.11 (+9.5%)
Parabolic SAR$77.18 (+6.5%)
Open the live chart, 110+ indicators

About Sysco Corporation

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen food, such as meat, seafood, fully prepared entrées, fruits, vegetables, and desserts; canned and dry food products; fresh meat and seafood products; dairy products; beverages; imported specialties; and fresh produce products. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of glassware and silverware; cookware, such as pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. It serves restaurants, hospitals and nursing facilities, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues. Sysco Corporation was incorporated in 1969 and is headquartered in Houston, Texas.

https://www.sysco.com

Key executives

NameTitlePayBorn
Kevin HouricanChief Executive Officer & Chairman$4.9M1974
Jennifer Kaplan SchottExecutive Vice President, Chief Legal Officer & Secretary$1.9M1974
Greg D. BertrandNon-Executive Officer Senior Advisor$1.8M1964
Ronald L. PhillipsExecutive VP & Chief Human Resources Officer$1.6M1966
Stephen HiggsSenior Vice President of US Broadline Foodservice Operations$1.2M1971
Brandon SewellInterim Chief Financial Officer$956,2591980
Gregory Scott Kellerxecutive Vice President, President of National Sales & Specialty Businesses—1971
Jennifer L. JohnsonSenior Vice President & Chief Accounting Officer—1973

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Kevin P. Hourican Chair of the Board and Chief Executive Officer2026$1.4M$10.4M$2.9M$17.9M
Greg D. Bertrand Strategic Advisor and Former Executive Vice President and Global Chief Operating Officer2026$666,431$2.9M$779,933$5.4M
Kenny K. Cheung Former Executive Vice President and Chief Financial Officer2026$713,681$3.3M$0$4.9M
Jennifer K. Schott Executive Vice President, Chief Legal Officer & Secretary2026$727,769$1.8M$841,738$4.1M
Ronald L. Phillips Executive Vice President and Chief Human Resources Officer2026$722,077$1.8M$835,154$3.8M
Stephen D. Higgs Senior Vice President, USBL Foodservice Operations2026$515,976$1.3M$626,617$2.7M

Employees

69k201957k202058k202171k202272k202376k202475k202575k2026

Dividends

Ex-dateAmountPaid
2026-10-02$0.552026-10-23
2026-07-02$0.552026-07-24
2026-04-02$0.542026-04-24
2026-01-02$0.542026-01-23
2025-10-03$0.542025-10-24
2025-07-03$0.542025-07-25
2025-04-04$0.512025-04-25
2025-01-03$0.512025-01-24

Moat model

Narrow · Cost Advantage · 2026-06-27
Cost advantage90
Intangibles74
Switching costs24
Network effect45
Efficient scale90
Our component scores (0-100) and overall 62.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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