Chefs' Warehouse, Inc. (CHEF) Financial Statements
Industry: Groceries, General Line (Wholesale)
In fiscal 2025, Chefs' Warehouse reported revenue of $4.15B, up 9.4% from $3.79B the year before. Net income was $72.4M (a 1.7% net margin), or $1.68 per diluted share. Gross margin was 24.2% and operating margin was 3.5%. Operating activities generated $129.2M of cash, leaving $87.8M of free cash flow. At fiscal year end, Chefs' Warehouse held $2.03B in total assets against $1.42B in total liabilities, including $121.0M of cash and equivalents.
Open the full interactive Chefs' Warehouse financials → Quarterly statements, key ratios, valuation history and price charts.
Chefs' Warehouse Key Stats
| Share Price | $107.79 |
|---|---|
| Market Cap | $4.96B |
| P/E Ratio | 64.2 |
| Revenue YoY Growth | +9.4% |
| 52-Week Range | $57.27 – $116.42 |
| Shares Outstanding | 38.9 million (basic, 2026 Q2) |
Chefs' Warehouse Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.11B | $1.75B | $2.61B | $3.43B | $3.79B | $4.15B |
| Cost of Goods Sold | $863.5M | $1.36B | $1.99B | $2.62B | $2.88B | $3.15B |
| Gross Profit | $248.2M | $390.5M | $618.6M | $814.5M | $914.1M | $1.00B |
| Operating Income | -$102.7M | $10.8M | $85.7M | $100.9M | $128.2M | $145.1M |
| Pre-Tax Income | -$123.6M | -$6.8M | $41.9M | $55.5M | $79.5M | $103.5M |
| Income Tax | -$40.7M | -$1.9M | $14.1M | $20.9M | $24.1M | $31.2M |
| Net Income | -$82.9M | -$4.9M | $27.8M | $34.6M | $55.5M | $72.4M |
| Diluted EPS | -$2.46 | -$0.13 | $0.73 | $0.88 | $1.32 | $1.68 |
Chefs' Warehouse Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.02B | $1.14B | $1.06B | $1.17B |
| Net Income | $19.1M | $21.7M | $17.4M | $33.8M |
| Diluted EPS | $0.44 | $0.47 | $0.40 | $0.76 |
Chefs' Warehouse Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $193.3M | $115.2M | $158.8M | $49.9M | $114.7M | $121.0M |
| Current Assets | $405.7M | $470.0M | $720.9M | $730.9M | $868.0M | $969.9M |
| Total Assets | $974.3M | $1.07B | $1.51B | $1.71B | $1.86B | $2.03B |
| Current Liabilities | $118.1M | $197.0M | $283.7M | $385.8M | $425.4M | $473.5M |
| Total Long-Term Debt | $404.2M | $399.3M | $665.9M | $718.0M | $706.8M | $748.5M |
| Total Liabilities | $629.7M | $723.6M | $1.11B | $1.25B | $1.32B | $1.42B |
| Shareholders' Equity | $344.6M | $350.2M | $401.5M | $454.7M | $537.6M | $604.3M |
Chefs' Warehouse Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $42.9M | -$19.9M | $23.1M | $61.6M | $153.1M | $129.2M |
| Cash From Investing | -$68.0M | -$49.0M | -$232.0M | -$179.3M | -$49.8M | -$46.8M |
| Cash From Financing | $78.1M | -$9.2M | $253.2M | $9.0M | -$38.5M | -$76.2M |
| Free Cash Flow | $35.8M | -$58.7M | -$22.7M | $4.2M | $103.6M | $87.8M |
Figures from Chefs' Warehouse's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Chefs' Warehouse financials page for every line item.
Chefs' Warehouse Company Profile
| Ticker | CHEF |
|---|---|
| Exchange | Nasdaq |
| Industry | Groceries, General Line (Wholesale) |
| Headquarters | Ridgefield, Connecticut |
| Incorporated in | Delaware |
| Fiscal Year End | December 26 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001517175 |
Frequently Asked Questions
What was Chefs' Warehouse's revenue in fiscal 2025?
Chefs' Warehouse (CHEF) reported revenue of $4.15B for fiscal 2025.
What is Chefs' Warehouse's annual revenue history?
Chefs' Warehouse's annual revenue by fiscal year: 2020: $1.11B; 2021: $1.75B; 2022: $2.61B; 2023: $3.43B; 2024: $3.79B; 2025: $4.15B.
What was Chefs' Warehouse's net income in fiscal 2025?
Chefs' Warehouse reported net income of $72.4M for fiscal 2025.
What was Chefs' Warehouse's earnings per share (EPS) in fiscal 2025?
Chefs' Warehouse's diluted EPS was $1.68 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Chefs' Warehouse generate in fiscal 2025?
Chefs' Warehouse generated $87.8M of free cash flow in fiscal 2025.
What was Chefs' Warehouse's revenue last quarter?
In its most recent reported quarter (2026 Q2), Chefs' Warehouse reported revenue of $1.17B.
How much debt does Chefs' Warehouse have?
Chefs' Warehouse reported $748.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Chefs' Warehouse are outstanding?
Chefs' Warehouse reported a weighted average of 38.9 million basic shares outstanding in 2026 Q2.
What is Chefs' Warehouse's market cap?
Based on its latest closing price, Chefs' Warehouse (CHEF) has a market capitalization of about $4.96B.
When does Chefs' Warehouse's fiscal year end?
Chefs' Warehouse's fiscal year end, as registered with the SEC, is December 26.
Where is Chefs' Warehouse headquartered?
Chefs' Warehouse lists its business address in Ridgefield, Connecticut in its SEC filings.