Aramark (ARMK) intrinsic value & 10-year financials
Aramark (ARMK) has a Graham intrinsic value of $10.19 per share. At $55.28 on Oct 17, 2026, the stock trades 442% above that value. Over the last 10 fiscal years revenue grew 2.8% a year to $18.5B, with an average return on invested capital of 5.7%.
- Graham intrinsic value
- $10.19
- Share price (Oct 17, 2026)
- $55.28
- Price vs Graham value
- 442% above
- Market cap
- $14.8B
- Revenue (FY2025)
- $18.5B
- Revenue growth (10-yr CAGR)
- 2.8%
- ROIC (10-yr avg)
- 5.7%
- Free cash flow (FY2025)
- $431.8M
ARMK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $18.5B | $326.4M | $1.22 | $431.8M | 4.3% | 7.7% |
| FY2024 | $17.4B | $262.5M | $0.99 | $299.1M | 4.1% | 6.3% |
| FY2023 | $18.9B | $674.1M | $2.57 | $305.0M | 4.6% | 7.4% |
| FY2022 | $16.3B | $194.5M | $0.75 | $306.1M | 3.8% | 4.9% |
| FY2021 | $12.1B | -$90.8M | -$0.36 | $249.3M | 1.6% | 1.4% |
| FY2020 | $12.8B | -$461.5M | — | -$241.8M | -2.1% | -2.0% |
| FY2019 | $16.2B | $448.5M | — | $481.1M | 5.5% | 7.3% |
| FY2018 | $15.8B | $567.9M | — | $418.7M | 5.2% | 9.5% |
| FY2017 | $14.6B | $373.9M | — | $500.7M | 5.5% | 7.9% |
| FY2016 | $14.4B | $287.8M | — | $294.1M | 5.2% | 6.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Aramark has demonstrated mature, steady growth, with revenue compounding at 2.8% annually over the past decade.
Aramark has historically struggled to out-earn its cost of capital, averaging just 5.7% ROIC.
Aramark has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Aramark is modeled at 0.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $10.19 per share.