Sysco beats Q4 and FY26 EPS guidance, targets 9–11% FY27 EPS growth, pauses FY27 buybacks to deleverage after Restaurant Depot acquisition
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $81.37B | $78.84B | $76.33B | $68.64B | $51.30B |
| Cost of Revenue | $66.40B | $64.24B | $62.37B | $56.32B | $41.94B |
| Gross Profit | $14.97B | $14.61B | $13.96B | $12.32B | $9.36B |
| Gross Margin | 18.40% | 18.53% | 18.28% | 17.95% | 18.24% |
| Operating Expenses | $11.88B | $11.41B | $10.92B | $9.97B | $7.91B |
| Operating Income | $3.09B | $3.20B | $3.04B | $2.35B | $1.45B |
| Operating Margin | 3.80% | 4.06% | 3.98% | 3.42% | 2.82% |
| Net Income | $1.83B | $1.96B | $1.77B | $1.36B | $524.21M |
| Net Margin | 2.25% | 2.48% | 2.32% | 1.98% | 1.02% |
| EPS (Basic) | $3.74 | $3.90 | $3.49 | $2.66 | $1.03 |
| EBITDA | $4.14B | $4.17B | $3.70B | $3.25B | $2.32B |
| Stock Option Compensation Expense | $93.00M | $104.00M | $96.00M | $122.00M | $95.81M |
| Price To Earnings Ratio | 20.03 | 17.92 | 21.27 | 31.83 | 75.75 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $36.62B | $35.03B | $37.65B | $43.26B | $39.71B |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $26.77B | $24.92B | $22.82B | $22.09B | $21.41B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $24.92B | $23.03B | $20.78B | $20.67B | $19.83B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $1.83B | $1.86B | $2.01B | $1.38B | $1.55B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.83B | $1.86B | $2.01B | $1.38B | $1.55B |
| Total Liabilities & Stockholders Equity | $26.77B | $24.92B | $22.82B | $22.09B | $21.41B |
| Book Value Per Share | $3.80 | $3.77 | $4.02 | $2.77 | $3.11 |
| Tangible Book Value Per Share | $-9.12 | $-8.88 | $-6.83 | $-7.99 | $-6.08 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 6.83% | 7.85% | 7.76% | 6.15% | 2.45% |
| Return on Equity | 99.89% | 105.11% | 88.10% | 98.32% | 33.76% |
| Return on Invested Capital | 13.03% | 15.00% | 16.30% | 13.02% | 8.83% |
| Quick Ratio | 0.70 | 0.69 | 0.72 | 0.69 | 0.96 |
| Current Ratio | 1.21 | 1.20 | 1.24 | 1.20 | 1.47 |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Net Income | $1.83B | $1.96B | $1.77B | $1.36B | $524.21M |
| Depreciation | $1.09B | $997.00M | $889.00M | $881.00M | $851.82M |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $2.69B | $2.99B | $2.87B | $1.79B | $1.90B |
| Capital Expenditures | $906.00M | $832.00M | $793.00M | $633.00M | $470.68M |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | $1.00B | $1.01B | $996.00M | $959.00M | $917.56M |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | $1.25B | $1.23B | $500.00M | $500.00M | $0.00 |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $1.78B | $2.16B | $2.08B | $1.16B | $1.43B |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
Company coverage
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.
Why it moved over time
Sysco's fiscal Q4 results beat revenue and EPS estimates, with volume and cost gains and a stronger FY27 outlook—catalyst because it signals improving demand and profitability.
Key fact: Q4 adjusted EPS $1.53 and total revenue exceeded $22 billion, topping estimates.
seekingalpha.com: Sysco Corporation (SYY) Q4 2026 Earnings Call TranscriptMarket attention centers on Sysco's upcoming Q4 earnings, expected to show sales and earnings growth from U.S. foodservice strength and international gains, offering a read on demand and margins.
Key fact: Q4 results are likely to show sales and earnings growth driven by U.S. foodservice momentum and international gains (Zacks, Aug 3, 2026).
zacks.com: Sysco Stock to Post Q4 Earnings: What Investors Should KnowInvestors are focused on Sysco's upcoming fiscal Q4 earnings report, which analysts expect will show sales and earnings growth driven by U.S. Foodservice momentum and international gains.
Key fact: Wall Street expects Q4 sales and earnings growth, with U.S. Foodservice strength and international gains cited as drivers.
zacks.com: Sysco Stock to Post Q4 Earnings: What Investors Should KnowSysco faces an upcoming earnings report next week where Wall Street expects earnings growth, making the company’s results and guidance the likely near-term catalyst.
Key fact: Zacks: Wall Street expects earnings growth in Sysco's upcoming report.
zacks.com: Sysco (SYY) Reports Next Week: Wall Street Expects Earnings Growth