USFD Q4 2025 Earnings
Reported Feb 12, 2026 at 6:48 AM ET · SEC Source
Q4 25 EPS
$1.04
BEAT +26.83%
Est. $0.82
Q4 25 Revenue
$9.80B
MISS 1.07%
Est. $9.91B
vs S&P Since Q4 25
-11.7%
TRAILING MARKET
USFD -5.9% vs S&P +5.8%
Full Year 2025 Results
FY 25 EPS
$3.98
BEAT +0.98%
Est. $3.94
FY 25 Revenue
$39.42B
MISS 0.27%
Est. $39.53B
Market Reaction
Did USFD Beat Earnings? Q4 2025 Results
US Foods delivered a profit-driven standout in Q4 2025, posting adjusted earnings of $1.04 per share against a consensus estimate of $0.82, a beat of 26.83%, even as revenue of $9.80 billion came in just shy of the $9.91 billion analysts had expected… Read more US Foods delivered a profit-driven standout in Q4 2025, posting adjusted earnings of $1.04 per share against a consensus estimate of $0.82, a beat of 26.83%, even as revenue of $9.80 billion came in just shy of the $9.91 billion analysts had expected, representing 3.3% growth year-over-year. The earnings strength was fueled by broad-based volume gains across independent restaurants, up 4.1%, healthcare, up 2.9%, and hospitality, up 3.1%, alongside meaningful margin expansion, with adjusted EBITDA margin widening 35 basis points to 5.0% on improved inventory management and distribution productivity. Net income surged to $184.00 million, benefiting from the absence of a $124.00 million pension settlement loss that had weighed on the year-prior quarter. The company also signaled a sharper strategic focus, announcing plans to explore a sale of its Chef'Store cash-and-carry concept to concentrate fully on its core broadline foodservice distribution business. Looking into fiscal 2026, management guided for net sales growth of 4% to 6% and adjusted diluted EPS growth of 18% to 24%, reinforcing confidence in its three-year long-range plan.
Key Takeaways
- • Independent restaurant case volume increased 4.1% in Q4
- • Healthcare volume increased 2.9% and hospitality volume increased 3.1% in Q4
- • Food cost inflation of 1.8% in Q4 contributed to net sales growth
- • Improved cost of goods sold and inventory management boosted gross profit
- • Distribution productivity improvements and administrative cost streamlining reduced operating expense growth
- • Absence of prior-year pension settlement loss ($124M) and debt extinguishment loss ($10M) significantly boosted net income growth
- • Adjusted EBITDA margin expanded 35 basis points to 5.0% in Q4
USFD Forward Guidance & Outlook
For fiscal year 2026, US Foods guided for net sales growth of 4% to 6%, Adjusted EBITDA growth of 9% to 13%, and Adjusted Diluted EPS growth of 18% to 24%. The guidance includes the impact of a 53rd week in fiscal 2026, expected to add approximately 1% to total case growth and Adjusted EBITDA growth. Management reiterated confidence in achieving the long-range plan algorithm and financial targets, including generating more than $4 billion of cumulative operating cash flow from 2025 to 2027, and sustained double-digit Adjusted EPS growth beyond 2027.
USFD YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
“2025 was a strong start to our three year long-range plan. We grew Adjusted EBITDA 11% to a record $1.9 billion, expanded Adjusted EBITDA margin by 30 basis points to 4.9%, and increased Adjusted Diluted EPS 26% to a record $3.98.”
— Dave Flitman, Q4 2025 Earnings Press Release
USFD Earnings Trends
USFD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
USFD EPS Trend
Earnings per share: estimate vs actual
USFD Revenue Trend
Quarterly revenue: estimate vs actual
USFD Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.82 | $1.04 | +26.83% | $9.80B | -1.07% |
| FY Full Year | $3.94 | $3.98 | +0.98% | $39.42B | -0.27% |
| Q2 25 BEAT | $1.13 | $1.19 | +5.13% | $10.08B | -1.01% |
| Q1 25 MISS | $0.69 | $0.68 | -2.05% | $9.35B | -0.43% |
| Q4 24 BEAT FY | $0.80 | $0.84 | +5.00% | $9.49B | -0.07% |
| FY Full Year | $3.13 | $3.15 | +0.77% | $37.88B | -0.02% |