Sysco Corporation

SYY · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Valuation
Market cap	$39,603	$36,798	$35,551	$37,596	$43,978	$39,264	$26,812	$36,255	$35,009	$25,802	$26,012	$18,507	$21,945	$20,228	$17,520	$18,288	$16,918	$13,378	$16,668	$20,399	$18,989	$23,019	$23,079	$19,483	$17,641	$18,070	$13,882	$9,927	$8,737	$6,423	$6,238	$5,386	$4,160	$4,694	$4,441	$3,889	$2,985	$2,129	$1,256	$1,511	$1,153
Enterprise value	$52,766	$50,233	$47,807	$48,038	$54,527	$48,112	$35,864	$43,940	$42,822	$33,210	$29,604	$20,572	$24,265	$22,705	$19,850	$20,317	$18,790	$14,836	$18,169	$22,015	$20,550	$24,259	$24,348	$20,518	$18,699	$18,949	$14,798	$10,810	$9,651	$7,018	$6,734	$5,802	$4,621	$5,129	$4,869	$4,376	$3,527	$2,714	$1,357	$1,581	$1,189
P/E (TTM) at period end	22.54×	20.13×	18.18×	21.24×	32.36×	74.90×	124.43×	21.65×	24.47×	22.58×	27.39×	26.95×	23.56×	20.38×	15.62×	15.87×	14.34×	12.67×	15.07×	20.38×	22.20×	23.94×	25.44×	25.03×	25.95×	30.27×	30.60×	27.40×	29.45×	21.23×	22.53×	21.39×	19.19×	23.26×	25.79×	25.29×	22.53×	19.73×	15.67×	24.44×	19.78×
P/S (TTM) at period end	0.47×	0.45×	0.45×	0.49×	0.64×	0.77×	0.51×	0.60×	0.60×	0.47×	0.52×	0.38×	0.47×	0.46×	0.41×	0.47×	0.45×	0.36×	0.44×	0.58×	0.58×	0.76×	0.79×	0.75×	0.76×	0.83×	0.72×	0.57×	0.57×	0.44×	0.47×	0.44×	0.38×	0.47×	0.50×	0.48×	0.39×	0.31×	0.29×	0.41×	0.36×
P/B at period end	14.85×	20.11×	19.11×	18.71×	31.82×	25.28×	23.14×	14.49×	13.96×	10.83×	7.48×	3.52×	4.17×	3.90×	3.74×	3.89×	4.42×	3.88×	4.89×	6.22×	6.22×	8.34×	9.00×	8.87×	8.27×	8.41×	7.88×	6.96×	6.44×	4.59×	4.23×	3.84×	3.35×	4.13×	4.20×	4.23×	3.87×	3.31×	2.31×	3.31×	2.90×
EV / EBITDA (TTM)	12.96×	12.46×	11.73×	12.59×	17.48×	22.02×	23.06×	14.20×	13.91×	11.23×	11.78×	11.54×	11.32×	10.46×	8.60×	8.70×	7.94×	6.58×	8.07×	10.63×	11.17×	12.73×	13.41×	12.84×	12.99×	14.73×	14.36×	12.39×	12.50×	9.99×	10.54×	9.92×	8.85×	10.76×	11.65×	11.38×	10.08×	8.86×	–	–	–
EV / Sales (TTM)	0.62×	0.62×	0.61×	0.63×	0.79×	0.94×	0.68×	0.73×	0.73×	0.60×	0.59×	0.42×	0.52×	0.51×	0.47×	0.52×	0.50×	0.40×	0.48×	0.63×	0.63×	0.80×	0.83×	0.78×	0.80×	0.87×	0.77×	0.62×	0.63×	0.49×	0.50×	0.48×	0.42×	0.51×	0.55×	0.54×	0.46×	0.40×	0.31×	0.43×	0.37×
Returns
Return on equity	65.9%	99.9%	105.1%	88.1%	98.3%	33.8%	18.6%	66.9%	57.1%	48.0%	27.3%	13.1%	17.7%	19.1%	23.9%	24.5%	30.8%	30.6%	32.4%	30.5%	28.0%	34.9%	35.4%	35.4%	31.9%	27.8%	25.8%	25.4%	21.9%	21.6%	18.8%	17.9%	17.5%	17.7%	16.3%	16.7%	17.2%	16.8%	14.8%	13.6%	14.7%
Return on invested capital	15.1%	15.3%	17.3%	18.9%	15.3%	12.5%	5.4%	19.2%	16.5%	13.7%	17.5%	11.5%	13.2%	13.9%	16.9%	18.1%	22.0%	22.7%	23.6%	21.6%	19.7%	25.1%	24.6%	25.3%	22.5%	21.2%	18.6%	17.6%	15.9%	16.6%	15.3%	15.0%	13.9%	14.3%	13.1%	12.8%	12.4%	11.4%	13.8%	11.7%	13.2%
Dividend yield	2.6%	2.7%	2.8%	2.6%	2.2%	2.3%	3.2%	2.1%	2.1%	2.7%	2.7%	3.8%	3.0%	3.2%	3.6%	3.3%	3.4%	4.1%	3.0%	2.2%	2.1%	1.6%	1.3%	1.3%	1.2%	1.0%	1.0%	1.3%	1.3%	1.6%	1.4%	1.4%	1.4%	1.0%	0.7%	0.6%	0.6%	0.7%	–	–	–
Financial health
Current ratio	1.28×	1.21×	1.20×	1.24×	1.20×	1.47×	1.84×	1.33×	1.21×	1.32×	2.27×	1.22×	1.53×	1.70×	1.78×	1.60×	1.69×	1.69×	1.48×	1.37×	1.36×	1.16×	1.23×	1.34×	1.41×	1.43×	1.53×	1.69×	1.65×	1.76×	1.85×	1.89×	1.89×	1.90×	1.89×	1.87×	1.83×	1.80×	1.87×	2.03×	2.03×
Debt / equity	5.07×	7.27×	6.44×	5.18×	7.70×	7.13×	12.47×	3.25×	3.01×	3.22×	2.13×	0.45×	0.46×	0.52×	0.59×	0.52×	0.65×	0.71×	0.58×	0.54×	0.58×	0.52×	0.57×	0.62×	0.59×	0.47×	0.61×	0.72×	0.75×	0.51×	0.41×	0.39×	0.44×	0.44×	0.47×	0.61×	0.78×	1.00×	0.25×	0.24×	0.28×
Effective tax rate	22.8%	24.3%	23.8%	22.5%	22.2%	10.3%	26.6%	16.5%	26.9%	35.3%	33.7%	31.9%	36.9%	35.9%	37.1%	37.0%	36.2%	40.4%	38.3%	38.3%	39.3%	37.0%	38.5%	38.3%	38.3%	38.3%	38.5%	39.0%	39.0%	39.0%	39.0%	39.7%	41.0%	39.2%	38.8%	38.7%	38.7%	39.0%	38.0%	49.5%	45.8%
Share count
Diluted shares outstanding	481	490	503	510	514	514	514	523	529	549	577	597	590	593	589	589	594	596	611	626	629	653	662	660	673	678	670	674	690	703	729	730	735	747	718	732	697	719	668	687	648

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Revenue and gross profit
Revenue	$84,553	$84,553	$81,370	$78,844	$76,325	$68,636	$51,298	$52,893	$60,114	$58,727	$55,371	$50,367	$48,681	$46,517	$44,411	$42,381	$39,323	$37,243	$36,853	$37,522	$35,042	$32,628	$30,282	$29,335	$26,140	$23,351	$21,784	$19,303	$17,423	$15,328	$14,455	$13,395	$12,118	$10,942	$10,022	$8,893	$8,150	$7,591	$6,851	$4,385	$3,656	$3,172
Cost of revenue	($68,914)	($68,914)	($66,401)	($64,236)	($62,370)	($56,316)	($41,941)	($42,992)	($48,705)	($47,642)	($44,814)	($41,326)	($40,129)	($38,336)	($36,415)	($34,602)	($31,929)	($30,136)	($29,817)	($30,327)	($28,285)	($26,337)	($24,498)	($23,662)	($20,980)	($18,722)	($17,513)	($15,650)	($14,208)	($12,318)	($11,676)	($10,839)	($9,797)	($8,852)	($8,118)	($7,204)	($6,602)	($6,162)	($5,564)	($3,549)	($2,947)	($2,547)
Gross profit	$15,639	$15,639	$14,969	$14,608	$13,955	$12,320	$9,357	$9,902	$11,409	$11,085	$10,558	$9,040	$8,552	$8,181	$7,997	$7,779	$7,395	$7,188	$7,110	$7,195	$6,757	$6,291	$5,784	$5,674	$5,161	$4,628	$4,271	$3,654	$3,215	$3,009	$2,779	$2,556	$2,321	$2,091	$1,904	$1,688	$1,548	$1,429	$1,287	$836	$709	$625
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	–	–	($11,440)	($11,118)	($10,970)	($9,953)	($7,890)	($8,959)	($8,259)	($8,735)	($8,504)	($7,031)	($6,760)	($6,447)	($2,500)	–	($5,390)	–	–	($5,315)	($5,049)	($4,796)	($4,194)	($4,141)	($3,837)	($3,467)	($3,233)	($2,844)	($2,547)	($2,237)	($2,076)	($1,917)	($1,737)	($1,569)	($1,427)	($1,270)	($1,164)	($1,079)	($981)	($647)	($549)	($488)
Total operating expenses	($12,544)	($12,544)	($11,881)	($11,406)	($10,916)	($9,974)	($7,910)	($9,152)	($9,079)	($8,771)	($8,503)	($7,190)	($7,322)	($6,594)	($6,338)	($5,889)	($5,463)	($5,212)	($5,238)	($5,315)	($5,049)	($4,796)	($4,194)	($4,141)	($3,837)	($3,467)	($3,233)	($2,844)	($2,547)	($2,418)	($2,237)	($2,062)	($1,867)	($1,689)	($1,535)	($1,370)	($1,256)	($1,163)	($1,058)	($692)	($587)	($519)
Total costs and expenses	($81,458)	($81,458)	($78,282)	($75,642)	($73,286)	($66,290)	($49,851)	($52,144)	($57,784)	($56,413)	($53,317)	($48,516)	($47,451)	($44,930)	($42,753)	($40,490)	($37,392)	($35,268)	($34,981)	($35,642)	($33,334)	($31,133)	($28,692)	($27,803)	($24,816)	($22,190)	($20,746)	($18,493)	($16,755)	($14,736)	($13,912)	($12,901)	($11,664)	($10,540)	($9,653)	($8,574)	($7,857)	($7,325)	($6,622)	($4,241)	($3,534)	($3,066)
Operating income	$3,095	$3,095	$3,088	$3,202	$3,039	$2,346	$1,447	$750	$2,330	$2,314	$2,055	$1,850	$1,229	$1,587	$1,658	$1,891	$1,932	$1,976	$1,872	$1,880	$1,708	$1,495	$1,590	$1,533	$1,324	$1,161	$1,039	$810	$668	$591	$542	$494	$454	$402	$369	$318	$292	$265	$229	$144	$122	$106
Earnings
EBITDA	$4,071	$4,071	$4,033	$4,075	$3,815	$3,119	$2,185	$1,555	$3,094	$3,080	$2,957	$2,513	$1,782	$2,143	$2,171	$2,308	$2,334	$2,366	$2,255	$2,252	$2,071	$1,840	$1,906	$1,816	$1,597	$1,439	$1,287	$1,031	$873	$772	$703	$639	$585	$522	$476	$418	$385	$350	$306	–	–	–
Interest income	–	–	–	–	($527)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($717)	($717)	($635)	($607)	($527)	($624)	($880)	($408)	($360)	($395)	($303)	($306)	($255)	($124)	($128)	($113)	($118)	($125)	($116)	($112)	($105)	–	–	–	–	–	($72)	($71)	($73)	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$2,276	$2,276	$2,415	$2,565	$2,285	$1,747	$585	$293	$2,006	$1,956	$1,766	$1,433	$1,008	$1,476	$1,547	$1,784	$1,827	$1,850	$1,771	$1,791	$1,621	$1,395	$1,525	$1,475	$1,260	$1,101	$967	$738	$594	$532	$496	$454	$418	$368	$332	$282	$251	$216	$177	$129	$122	$108
Income tax expense	($519)	($519)	($587)	($610)	($515)	($388)	($61)	($78)	($332)	($525)	($624)	($483)	($321)	($544)	($555)	($662)	($675)	($670)	($715)	($685)	($620)	($549)	($564)	($568)	($482)	($421)	($370)	($284)	($232)	($208)	($193)	($177)	($166)	($151)	($130)	($109)	($97)	($84)	($69)	($49)	($60)	($49)
Net income	$1,757	$1,757	$1,828	$1,955	$1,770	$1,359	$524	$215	$1,674	$1,431	$1,143	$950	$687	$932	$992	$1,122	$1,152	$1,180	$1,056	$1,106	$1,001	$855	$961	$907	$778	$680	$597	$454	$362	$297	$302	$277	$252	$217	$202	$172	$154	$132	$108	$80	$62	$58
Per share
Diluted EPS (GAAP)	$3.66	$3.66	$3.73	$3.89	$3.47	$2.64	$1.02	$0.42	$3.20	$2.70	$2.08	$1.64	$1.15	$1.58	$1.67	$1.90	$1.96	$1.99	$1.77	$1.81	$1.60	$1.36	$1.47	$1.37	$1.18	$1.01	$0.88	$0.67	$0.54	$0.43	$0.43	$0.38	$0.35	$0.30	$0.27	$0.24	$0.21	$0.19	$0.15	$0.12	$0.09	$0.09
Basic EPS (GAAP)	$3.67	$3.67	$3.74	$3.90	$3.49	$2.66	$1.03	$0.42	$3.24	$2.74	$2.10	$1.66	$1.16	$1.59	$1.68	$1.91	$1.96	$1.99	$1.77	$1.83	$1.62	$1.38	$1.51	$1.41	$1.20	$1.03	$0.90	$0.68	$0.54	$0.44	$0.43	$0.38	$0.35	$0.30	$0.27	$0.24	$0.21	$0.19	$0.15	$0.12	$0.09	$0.09
Basic shares outstanding	479	479	488	501	507	511	511	510	517	523	543	573	592	586	589	588	587	592	595	606	618	621	636	643	649	660	666	659	666	682	703	729	730	735	747	718	732	697	719	668	687	648
Margins
Gross margin	18.5%	18.5%	18.4%	18.5%	18.3%	17.9%	18.2%	18.7%	19.0%	18.9%	19.1%	17.9%	17.6%	17.6%	18.0%	18.4%	18.8%	19.3%	19.3%	19.2%	19.3%	19.3%	19.1%	19.3%	19.7%	19.8%	19.6%	18.9%	18.5%	19.6%	19.2%	19.1%	19.2%	19.1%	19.0%	19.0%	19.0%	18.8%	18.8%	19.1%	19.4%	19.7%
Operating margin	3.7%	3.7%	3.8%	4.1%	4.0%	3.4%	2.8%	1.4%	3.9%	3.9%	3.7%	3.7%	2.5%	3.4%	3.7%	4.5%	4.9%	5.3%	5.1%	5.0%	4.9%	4.6%	5.2%	5.2%	5.1%	5.0%	4.8%	4.2%	3.8%	3.9%	3.8%	3.7%	3.7%	3.7%	3.7%	3.6%	3.6%	3.5%	3.3%	3.3%	3.3%	3.3%
Net margin	2.1%	2.1%	2.2%	2.5%	2.3%	2.0%	1.0%	0.4%	2.8%	2.4%	2.1%	1.9%	1.4%	2.0%	2.2%	2.6%	2.9%	3.2%	2.9%	2.9%	2.9%	2.6%	3.2%	3.1%	3.0%	2.9%	2.7%	2.4%	2.1%	1.9%	2.1%	2.1%	2.1%	2.0%	2.0%	1.9%	1.9%	1.7%	1.6%	1.8%	1.7%	1.8%

Analyst consensus

Buy30 analysts

Bearish · 3 · Hold · 9 · Bullish · 18

Earnings history

	EPS	Estimate
Q1 2025	$1.09	$1.13	Miss
Q2 2025	$0.93	$0.93	Match
Q3 2025	$0.96	$1.02	Miss
Q4 2025	$1.48	$1.39	Beat
Q1 2026	$1.15	$1.12	Beat
Q2 2026	$0.99	$0.98	Beat
Q3 2026	$0.94	$0.94	Miss
Q4 2026	$1.53	$1.51	Beat

Peers

Company overview

IPO dateMay 8, 1973

CEOKevin Hourican

Employees75,000

SectorConsumer Defensive

IndustryFood Distribution

CountryUS

ExchangeNew York Stock Exchange

Websitewww.sysco.com

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.

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