USFD
US Foods Holding Corp.
USFD's fundamentals are mixed: earnings per share grew 49%, while its operating margin held steady at 3.4%. At 30x earnings, it's trading right at its usual valuation.
USFD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Stable |
USFD's profitability is currently healthy, and its revenue, cash flow and balance sheet are stable.
USFD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $87.14 | -20% |
| Current | 30x | $108 | — |
| Fair | 31x | $111 | +2.6% |
| Expensive | 40x | $145 | +34% |
Historical ranges are pointers, not guarantees.
USFD's PE is in its fair range at 30x.
USFD Forward outlook
There aren't enough analyst estimates for USFD to show an outlook.
USFD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $3.58 | +49% |
| Q2 2026 | $3.25 | +39% |
| Q1 2026 | $2.97 | +36% |
| Q4 2025 | $2.94 | +46% |
| Q3 2025 | $2.40 | +3% |
| Q2 2025 | $2.34 | +11% |
| Q1 2025 | $2.18 | +7.4% |
| Q4 2024 | $2.02 | 0% |
USFD earned $3.58 per share over the past year, up 49% from the year before.
USFD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $10.4B | +2.1% |
| Q2 2026 | $10.5B | +4.5% |
| Q1 2026 | $9.6B | +2.8% |
| Q4 2025 | $9.8B | +3.3% |
| Q3 2025 | $10.2B | +4.8% |
| Q2 2025 | $10.1B | +3.8% |
| Q1 2025 | $9.4B | +4.5% |
| Q4 2024 | $9.5B | +6.2% |
USFD's revenue has grown year over year for 22 quarters in a row: $10.4B last quarter, up 2.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.6% | +0.8 points |
| Q2 2026 | 4.2% | +0.5 points |
| Q1 2026 | 2.3% | -0.1 points |
| Q4 2025 | 3.3% | +0.1 points |
| Q3 2025 | 2.8% | -0.1 points |
| Q2 2025 | 3.7% | 0 points |
| Q1 2025 | 2.4% | +0.6 points |
| Q4 2024 | 3.2% | +0.1 points |
USFD's operating margin was 3.6% last quarter, up 0.8 points from the same quarter a year ago.
USFD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $343M | +45% |
| Q2 2026 | $355M | +38% |
| Q1 2026 | $196M | -36% |
| Q4 2025 | $159M | -11% |
| Q3 2025 | $236M | +24% |
| Q2 2025 | $257M | -38% |
| Q1 2025 | $307M | +490% |
| Q4 2024 | $178M | +183% |
USFD generated $1.1B in free cash flow over the past year, up 7.7% from the year before.
USFD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -3.3M shares |
| 1 year | -4.7% | -10.7M shares |
| 3 years | -13% | -31.3M shares |
| 5 years | -3.2% | -7.3M shares |
| Available history | -1% | -2.3M shares |
USFD has 218M diluted shares, down 4.7% from a year ago, with $959M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $190M |
| Q2 2026 | $370M |
| Q1 2026 | $75M |
| Q4 2025 | $324M |
| Q3 2025 | $332M |
| Q2 2025 | $247M |
| Q1 2025 | $23M |
| Q4 2024 | $320M |
USFD spent $959M buying back its own shares over the past year, up 4% from the year before.
USFD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.8x | Moderate |
| Q2 2026 | 3.0x | Moderate |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 3.1x | Elevated |
| Q3 2025 | 3.0x | Moderate |
| Q2 2025 | 2.9x | Moderate |
| Q1 2025 | 2.9x | Moderate |
| Q4 2024 | 3.2x | Elevated |
USFD's net debt is about 2.8 years of its operating earnings (EBITDA), down from 3.0 years a year ago.
USFD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.9 | Neutral |
| Stochastic | 72.5 | Neutral |
USFD's weekly RSI is 63 (neutral) and its Stochastic is 73 (neutral).
USFD PE vs Consumer Defensive Sector
| Metric | USFD | Sector median | Relative |
|---|---|---|---|
| PE | 30x | 19x | 55% above |
| PE % | 45 | 18 | 27 pts above |
USFD is trading at 30x earnings, a 55% premium to the Consumer Defensive sector's median of 19x.
USFD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $101.1 | 7% above |
| 20 week MA | $101.8 | 6.3% above |
| 50 week MA | $93.0 | 16% above |
| 100 week MA | $83.0 | 30% above |
| 200 week MA | $65.4 | 65% above |
USFD is in an uptrend: it's above all five of its weekly moving averages, and 65% above its 200-week average.
USFD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.8 | $33.3 | -20% |
| 2021 | $33.3 | $34.6 | +3.8% |
| 2022 | $34.6 | $34.7 | +0.3% |
| 2023 | $34.7 | $45.4 | +31% |
| 2024 | $45.4 | $68.2 | +50% |
| 2025 | $68.2 | $76.4 | +12% |
| 2026 YTD | $76.4 | $108.3 | +42% |
USFD has finished higher in five of the last six years. It's up 42% so far in 2026.