InsiderClue
Stocks · Consumer staples · Wholesale-Groceries, General Line

Chefs' Warehouse, Inc.

CHEF Clue Score47
United States Fiscal year ends December CIK 0001517175
$114.32 +2.62% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $114.32 +243.82% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,192.9Operating income47.2Net income3.0EPS, diluted0.12Fiscal year 2017Revenue1,301.5 +9.1%Operating income41.1Net income14.4 +375.2%EPS, diluted0.54 +350.0%Fiscal year 2018Revenue1,444.6 +11.0%Operating income48.6Net income20.4 +42.0%EPS, diluted0.70 +29.6%Fiscal year 2019Revenue1,591.8 +10.2%Operating income50.7Net income24.2 +18.6%EPS, diluted0.81 +15.7%Fiscal year 2020Revenue1,111.6 −30.2%Operating income−102.7Net income−82.9 −442.7%EPS, diluted−2.46 −403.7%Fiscal year 2021Revenue1,745.8 +57.0%Operating income10.8Net income−4.9EPS, diluted−0.13Fiscal year 2022Revenue2,613.4 +49.7%Operating income85.7Net income27.8EPS, diluted0.73Fiscal year 2023Revenue3,433.8 +31.4%Operating income100.9Net income34.6 +24.6%EPS, diluted0.88 +20.5%Fiscal year 2024Revenue3,794.2 +10.5%Operating income128.2Net income55.5 +60.4%EPS, diluted1.32 +50.0%Fiscal year 2025Revenue4,149.5 +9.4%Operating income145.1Net income72.4 +30.4%EPS, diluted1.68 +27.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,192.9 1,301.5 1,444.6 1,591.8 1,111.6 1,745.8 2,613.4 3,433.8 3,794.2 4,149.5
Growth +9.1% +11.0% +10.2% −30.2% +57.0% +49.7% +31.4% +10.5% +9.4%
Operating income 47.2 41.1 48.6 50.7 −102.7 10.8 85.7 100.9 128.2 145.1
Net income 3.0 14.4 20.4 24.2 −82.9 −4.9 27.8 34.6 55.5 72.4
Growth +375.2% +42.0% +18.6% −442.7% +24.6% +60.4% +30.4%
EPS, diluted 0.12 0.54 0.70 0.81 −2.46 −0.13 0.73 0.88 1.32 1.68
Growth +350.0% +29.6% +15.7% −403.7% +20.5% +50.0% +27.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin25.3%Operating margin4.0%Net margin0.3%Free cash flow margin1.9%Fiscal year 2017Gross margin25.3%Operating margin3.2%Net margin1.1%Free cash flow margin1.5%Fiscal year 2018Gross margin24.2%Operating margin3.4%Net margin1.4%Free cash flow margin1.7%Fiscal year 2019Gross margin24.3%Operating margin3.2%Net margin1.5%Free cash flow margin1.8%Fiscal year 2020Gross margin22.3%Operating margin−9.2%Net margin−7.5%Free cash flow margin3.2%Fiscal year 2021Gross margin22.4%Operating margin0.6%Net margin−0.3%Free cash flow margin−3.4%Fiscal year 2022Gross margin23.7%Operating margin3.3%Net margin1.1%Free cash flow margin−0.9%Fiscal year 2023Gross margin23.7%Operating margin2.9%Net margin1.0%Free cash flow margin0.1%Fiscal year 2024Gross margin24.1%Operating margin3.4%Net margin1.5%Free cash flow margin2.7%Fiscal year 2025Gross margin24.2%Operating margin3.5%Net margin1.7%Free cash flow margin2.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 25.3% 25.3% 24.2% 24.3% 22.3% 22.4% 23.7% 23.7% 24.1% 24.2%
Operating margin 4.0% 3.2% 3.4% 3.2% −9.2% 0.6% 3.3% 2.9% 3.4% 3.5%
Net margin 0.3% 1.1% 1.4% 1.5% −7.5% −0.3% 1.1% 1.0% 1.5% 1.7%
Free cash flow margin 1.9% 1.5% 1.7% 1.8% 3.2% −3.4% −0.9% 0.1% 2.7% 2.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow38.9Capital expenditure−16.6Free cash flow22.3Fiscal year 2017Operating cash flow31.5Capital expenditure−12.3Free cash flow19.2 −13.9%Fiscal year 2018Operating cash flow45.1Capital expenditure−19.8Free cash flow25.3 +31.7%Fiscal year 2019Operating cash flow45.0Capital expenditure−16.1Free cash flow28.9 +14.5%Fiscal year 2020Operating cash flow42.9Capital expenditure−7.0Free cash flow35.8 +23.9%Fiscal year 2021Operating cash flow−19.9Capital expenditure−38.8Free cash flow−58.7 −263.8%Fiscal year 2022Operating cash flow23.1Capital expenditure−45.8Free cash flow−22.7Buybacks0.0Fiscal year 2023Operating cash flow61.6Capital expenditure−57.4Free cash flow4.2Buybacks0.0Fiscal year 2024Operating cash flow153.1Capital expenditure−49.5Free cash flow103.6 +2,358.6%Buybacks−17.4Fiscal year 2025Operating cash flow129.2Capital expenditure−41.4Free cash flow87.8 −15.2%Buybacks−15.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 38.9 31.5 45.1 45.0 42.9 −19.9 23.1 61.6 153.1 129.2
Capital expenditure −16.6 −12.3 −19.8 −16.1 −7.0 −38.8 −45.8 −57.4 −49.5 −41.4
Free cash flow 22.3 19.2 25.3 28.9 35.8 −58.7 −22.7 4.2 103.6 87.8
Growth −13.9% +31.7% +14.5% +23.9% −263.8% +2,358.6% −15.2%
Buybacks n/a n/a n/a n/a n/a n/a 0.0 0.0 −17.4 −15.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash32.9Total debt332.5Net cash (debt)−299.7Shareholders’ equity193.8Debt to equity1.72Fiscal year 2017Cash41.5Total debt317.8Net cash (debt)−276.3Shareholders’ equity248.6Debt to equity1.28Fiscal year 2018Cash42.4Total debt278.2Net cash (debt)−235.8Shareholders’ equity308.7Debt to equity0.90Fiscal year 2019Cash140.2Total debt386.8Net cash (debt)−246.6Shareholders’ equity335.9Debt to equity1.15Fiscal year 2020Cash193.3Total debt404.2Net cash (debt)−210.9Shareholders’ equity344.6Debt to equity1.17Fiscal year 2021Cash115.2Total debt399.3Net cash (debt)−284.1Shareholders’ equity350.2Debt to equity1.14Fiscal year 2022Cash158.8Total debt665.9Net cash (debt)−507.1Shareholders’ equity401.5Debt to equity1.66Fiscal year 2023Cash49.9Total debt718.0Net cash (debt)−668.1Shareholders’ equity454.7Debt to equity1.58Fiscal year 2024Cash114.7Total debt706.8Net cash (debt)−592.1Shareholders’ equity537.6Debt to equity1.31Fiscal year 2025Cash121.0Total debt748.5Net cash (debt)−627.5Shareholders’ equity604.3Debt to equity1.24
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 32.9 41.5 42.4 140.2 193.3 115.2 158.8 49.9 114.7 121.0
Total debt 332.5 317.8 278.2 386.8 404.2 399.3 665.9 718.0 706.8 748.5
Net cash (debt) −299.7 −276.3 −235.8 −246.6 −210.9 −284.1 −507.1 −668.1 −592.1 −627.5
Shareholders’ equity 193.8 248.6 308.7 335.9 344.6 350.2 401.5 454.7 537.6 604.3
Debt to equity 1.72 1.28 0.90 1.15 1.17 1.14 1.66 1.58 1.31 1.24

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 30 Dec 2016 FY2017 29 Dec 2017 FY2018 28 Dec 2018 FY2019 27 Dec 2019 FY2020 25 Dec 2020 FY2021 24 Dec 2021 FY2022 30 Dec 2022 FY2023 29 Dec 2023 FY2024 27 Dec 2024 FY2025 26 Dec 2025
Revenue and profit
1,192.9 1,301.5 1,444.6 1,591.8 1,111.6 1,745.8 2,613.4 3,433.8 3,794.2 4,149.5
Growth +9.1% +11.0% +10.2% −30.2% +57.0% +49.7% +31.4% +10.5% +9.4%
891.6 972.1 1,095.7 1,205.3 863.5 1,355.3 1,994.8 2,619.3 2,880.1 3,145.4
301.2 329.4 348.9 386.6 248.2 390.5 618.6 814.5 914.1 1,004.1
Growth +9.3% +5.9% +10.8% −35.8% +57.4% +58.4% +31.7% +12.2% +9.8%
n/a n/a 298.1 329.5 336.4 379.3 518.2 704.8 784.9 849.8
47.2 41.1 48.6 50.7 −102.7 10.8 85.7 100.9 128.2 145.1
Growth −12.9% +18.1% +4.3% −302.6% +693.1% +17.7% +27.0% +13.2%
5.7 18.4 27.8 32.4 −123.6 −6.8 41.9 55.5 79.5 103.5
2.7 4.0 7.4 8.2 −40.7 −1.9 14.1 20.9 24.1 31.2
3.0 14.4 20.4 24.2 −82.9 −4.9 27.8 34.6 55.5 72.4
Growth +375.2% +42.0% +18.6% −442.7% +24.6% +60.4% +30.4%
Per share
0.12 0.55 0.71 0.82 −2.46 −0.13 0.75 0.92 1.46 1.87
0.12 0.54 0.70 0.81 −2.46 −0.13 0.73 0.88 1.32 1.68
Growth +350.0% +29.6% +15.7% −403.7% +20.5% +50.0% +27.3%
25.9 26.1 28.7 29.5 33.7 36.7 37.1 37.6 37.9 38.7
26.0 27.4 29.7 30.1 33.7 36.7 38.7 45.6 46.0 46.0
Growth +5.4% +8.2% +1.3% +12.1% +9.0% +5.4% +17.8% +0.8% +0.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 30.1% a year over five years.
  • The diluted share count rose 36.4% in five years, which is dilution.
  • Operating margin is up 12.7 points on five years ago, at 3.5%.
  • A net loss in 2 of 10 years on file.