Sysco Corp. (SYY) intrinsic value & 10-year financials
Sysco Corp. (SYY) has a Graham intrinsic value of $78.84 per share. At $82.22 on Oct 17, 2026, the stock trades 4% above that value. Over the last 10 fiscal years revenue grew 5.5% a year to $81.4B, with an average return on invested capital of 17.1%.
- Graham intrinsic value
- $78.84
- Share price (Oct 17, 2026)
- $82.22
- Price vs Graham value
- 4% above
- Market cap
- $40.3B
- Revenue (FY2025)
- $81.4B
- Revenue growth (10-yr CAGR)
- 5.5%
- ROIC (10-yr avg)
- 17.1%
- Free cash flow (FY2025)
- $1.6B
SYY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $81.4B | $1.8B | $3.73 | $1.6B | 3.8% | 18.1% |
| FY2024 | $78.8B | $2.0B | $3.89 | $2.2B | 4.1% | 20.1% |
| FY2023 | $76.3B | $1.8B | $3.47 | $2.1B | 4.0% | 21.2% |
| FY2022 | $68.6B | $1.4B | $2.64 | $1.2B | 3.4% | 18.5% |
| FY2021 | $51.3B | $524.2M | $1.02 | $1.4B | 2.8% | 15.0% |
| FY2020 | $52.9B | $215.5M | $0.42 | $898.3M | 1.4% | 6.1% |
| FY2019 | $60.1B | $1.7B | $3.20 | $1.7B | 3.9% | 19.8% |
| FY2018 | $58.7B | $1.4B | $2.70 | $1.5B | 4.0% | 18.2% |
| FY2017 | $55.4B | $1.1B | $2.08 | $1.5B | 3.7% | 16.5% |
| FY2016 | $50.4B | $949.6M | $1.64 | $1.4B | 3.7% | 17.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Sysco has demonstrated mature, steady growth, with revenue compounding at 5.5% annually over the past decade.
Sysco has earned high returns on invested capital, averaging 17.1% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, Sysco shows that management has aggressively returned capital to shareholders by retiring 15.2% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Sysco is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $78.84 per share.