Us Foods Holding Corp. (USFD) intrinsic value & 10-year financials
Us Foods Holding Corp. (USFD) has a Graham intrinsic value of $84.26 per share. At $101.96 on Oct 17, 2026, the stock trades 21% above that value. Over the last 10 fiscal years revenue grew 6.2% a year to $39.4B, with an average return on invested capital of 7.8%.
- Graham intrinsic value
- $84.26
- Share price (Oct 17, 2026)
- $101.96
- Price vs Graham value
- 21% above
- Market cap
- $23.5B
- Revenue (FY2025)
- $39.4B
- Revenue growth (10-yr CAGR)
- 6.2%
- ROIC (10-yr avg)
- 7.8%
- Free cash flow (FY2025)
- $959.0M
USFD 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $39.4B | $676.0M | $2.94 | $959.0M | 3.0% | 9.6% |
| FY2024 | $37.9B | $494.0M | $2.02 | $833.0M | 2.9% | 9.1% |
| FY2023 | $35.6B | $506.0M | $2.02 | $831.0M | 2.9% | 8.5% |
| FY2022 | $34.1B | $265.0M | $1.01 | $500.0M | 1.7% | 5.1% |
| FY2021 | $22.9B | -$226.0M | -$1.15 | $224.0M | -0.3% | -0.7% |
| FY2019 | $25.9B | $385.0M | $1.75 | $502.0M | 2.7% | 7.1% |
| FY2018 | $24.2B | $407.0M | $1.87 | $374.0M | 2.7% | 8.3% |
| FY2017 | $24.1B | $444.3M | $1.97 | $527.7M | 2.4% | 9.1% |
| FY2016 | $22.9B | $209.8M | $1.03 | $384.6M | 1.8% | 6.7% |
| FY2014 | $23.0B | -$72.9M | -$0.43 | $255.1M | 1.1% | 15.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
US Foods Holding Corp. has demonstrated mature, steady growth, with revenue compounding at 6.2% annually over the past decade.
US Foods Holding Corp. has historically struggled to out-earn its cost of capital, averaging just 7.8% ROIC.
US Foods Holding Corp. 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, US Foods Holding Corp. is modeled at 12.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $84.26 per share.