The Chefs' Warehouse Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 26, 2025	Dec '24 Dec 27, 2024	Dec '23 Dec 29, 2023	Dec '22 Dec 30, 2022	Dec '21 Dec 24, 2021	Dec '20 Dec 25, 2020	2015 - 2019
Revenue	4,041	3,794	3,434	2,613	1,746	1,112	Upgrade
Revenue Growth (YoY)	8.88%	10.50%	31.39%	49.70%	57.05%	-30.17%	Upgrade
Cost of Revenue	3,062	2,880	2,619	1,995	1,355	848.88	Upgrade
Gross Profit	978.49	914.15	814.47	618.64	390.49	262.75	Upgrade
Selling, General & Admin	829.27	782.68	702.58	517.86	379.25	320.59	Upgrade
Other Operating Expenses	1.29	4.35	0.37	1.82	0.67	1.11	Upgrade
Operating Expenses	830.55	787.03	702.96	519.67	379.92	321.7	Upgrade
Operating Income	147.93	127.12	111.52	98.96	10.56	-58.95	Upgrade
Interest Expense	-43.5	-48.68	-45.47	-43.85	-17.59	-20.95	Upgrade
EBT Excluding Unusual Items	104.43	78.44	66.04	55.11	-7.03	-79.9	Upgrade
Merger & Restructuring Charges	-2.18	-2.18	-5.66	-4.72	-0.45	-0.44	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.15	Upgrade
Asset Writedown	-	-	-1.84	-	-0.6	-38.8	Upgrade
Other Unusual Items	2.58	3.27	-3.08	-8.51	1.3	-4.32	Upgrade
Pretax Income	104.84	79.53	55.47	41.89	-6.78	-123.61	Upgrade
Income Tax Expense	30.24	24.05	20.88	14.14	-1.85	-40.7	Upgrade
Net Income	74.6	55.48	34.59	27.75	-4.92	-82.9	Upgrade
Net Income to Common	74.6	55.48	34.59	27.75	-4.92	-82.9	Upgrade
Net Income Growth	56.88%	60.39%	24.65%	-	-	-	Upgrade
Shares Outstanding (Basic)	39	38	38	37	37	34	Upgrade
Shares Outstanding (Diluted)	46	46	46	39	37	34	Upgrade
Shares Change (YoY)	-9.20%	0.75%	17.80%	5.44%	8.98%	12.11%	Upgrade
EPS (Basic)	1.94	1.46	0.92	0.75	-0.13	-2.46	Upgrade
EPS (Diluted)	1.73	1.32	0.88	0.73	-0.13	-2.46	Upgrade
EPS Growth	55.09%	50.69%	19.82%	-	-	-	Upgrade
Free Cash Flow	86.64	103.56	4.21	-22.71	-58.7	35.85	Upgrade
Free Cash Flow Per Share	1.88	2.25	0.09	-0.59	-1.60	1.06	Upgrade
Gross Margin	24.22%	24.09%	23.72%	23.67%	22.37%	23.64%	Upgrade
Operating Margin	3.66%	3.35%	3.25%	3.79%	0.60%	-5.30%	Upgrade
Profit Margin	1.85%	1.46%	1.01%	1.06%	-0.28%	-7.46%	Upgrade
Free Cash Flow Margin	2.14%	2.73%	0.12%	-0.87%	-3.36%	3.23%	Upgrade
EBITDA	217.08	186.6	161.15	131.45	39.45	-30.47	Upgrade
EBITDA Margin	5.37%	4.92%	4.69%	5.03%	2.26%	-2.74%	Upgrade
D&A For EBITDA	69.14	59.49	49.63	32.49	28.89	28.49	Upgrade
EBIT	147.93	127.12	111.52	98.96	10.56	-58.95	Upgrade
EBIT Margin	3.66%	3.35%	3.25%	3.79%	0.60%	-5.30%	Upgrade
Effective Tax Rate	28.84%	30.24%	37.64%	33.75%	-	-	Upgrade

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q