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Nasdaq · Industrials

Chefs' Warehouse, Inc. (CHEF)

As-reported financials and SEC filings for Chefs' Warehouse, Inc. The latest annual period is FY2025. The latest reported quarter is Q1 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Chefs' Warehouse, Inc.

Chefs' Warehouse, Inc. is a distributor of specialty food and center-of-the-plate products serving chefs and culinary professionals in the United States, the Middle East, and Canada. The company offers a wide range of gourmet and high-quality food items, including artisan cheeses, custom-cut meats, seafood, produce, and specialty ingredients sourced globally. It serves over 55,000 customer locations such as independent restaurants, hotels, caterers, culinary schools, and specialty food stores through a network of 44 distribution centers.

Snapshot

Revenue
$4.15B
Revenue growth (YoY)
9.4%
Net income
$72.4M
Diluted EPS
$1.68
Gross margin
24.2%
Operating margin
3.5%
Net margin
1.7%
FCF margin
2.1%
ROE
12.0%
net income / fiscal-year-end equity
P/E
53.3×
trailing when available, otherwise FY EPS
Market cap
$4.57B
Long-term debt / equity
1.19×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 26, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Chefs' Warehouse

  • Revenue grew 9.4% to $4.1B in FY2025, in line with the 10.5% the year before.
  • Operating margin is 3.5% in FY2025, +2.9 pp against 0.6% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $1.1B, up 11.4% from Q1 FY2025.
  • Free cash flow was $88M in FY2025, 2.1% of revenue.
  • Net income rose 30.4% to $72M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Chefs' Warehouse’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin24.2%
40th percentile of 466
Operating margin3.5%
43rd percentile of 605
Net margin1.7%
40th percentile of 645
FCF margin2.1%
38th percentile of 562
Revenue growth (YoY)+9.4%
65th percentile of 668
ROE12.0%
66th percentile of 600
P/E53.3×
88th percentile of 435
Long-term debt / equity1.19×
82nd percentile of 409
Short interest7.95d
93rd percentile of 676

Chefs' Warehouse’s P/E of 53.3 ranks in the 88th percentile of the 435 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 10 insider sales totaling $15.2M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+5 quant / multi-strat
Initiated / added
6
2 new, 4 added
Reduced / exited
0
0 trimmed, 0 exited
Combined position
$107.7M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$63.9M664.5KAdded
First Eagle Investment ManagementQ2 2026$17.4M181.5KAdded
Millennium ManagementquantQ2 2026$14.1M146.7KAdded
Renaissance TechnologiesquantQ2 2026$6.1M63.7KNew
Citadel AdvisorsquantQ2 2026$4.5M46.3KNew
AQR Capital ManagementquantQ2 2026$1.7M17.7KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
10
$15.2M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-14
filed 2026-08-18
Pappas ChristopherPresident and CEOSell50.0K$110.47$5.5M
2026-08-14
filed 2026-08-18
Pappas ChristopherPresident and CEOSell50.0K$109.75$5.5M
2026-08-14
filed 2026-08-18
Aldous AlexandrosGeneral CounselSell9.5K$110.93$1.1M
2026-08-14
filed 2026-08-18
Aldous AlexandrosGeneral CounselSell8.4K$112.16$938K
2026-08-14
filed 2026-08-18
Aldous AlexandrosGeneral CounselSell6.2K$113.19$699K
2026-08-14
filed 2026-08-18
Aldous AlexandrosGeneral CounselSell4.2K$108.78$458K
2026-08-14
filed 2026-08-18
Aldous AlexandrosGeneral CounselSell3.4K$110.16$372K
2026-08-14
filed 2026-08-18
Aldous AlexandrosGeneral CounselSell3.1K$107.65$329K
2026-08-14
filed 2026-08-18
Polychroni ChristinaChief Human Resources OfficerSell2.8K$112.00$308K
2026-08-14
filed 2026-08-18
Aldous AlexandrosGeneral CounselSell300$106.93$32K
2026-05-19
filed 2026-05-20
Polychroni ChristinaChief Human Resources OfficerSell4.5K$79.21$356K
2026-05-05
Pappas ChristopherPresident and CEOSell125.0K$78.00$9.8M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
5.5M
settled 2026-08-14
Change vs prior
+1.6%
vs previous settlement
Days to cover
7.95
at avg daily volume
Avg daily volume
695.6K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-145.5M+1.6%7.95
2026-07-315.4M+10.2%6.42
2026-07-154.9M+4.6%13.16
2026-06-304.7M+4.8%7.75
2026-06-154.5M+5.9%8.80
2026-05-294.3M+0.1%10.25
2026-05-154.2M-2.8%9.37
2026-04-304.4M-10.1%7.73

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$4.15B$3.79B$3.43B$2.61B$1.75B
Gross profit$1.00B$914.1M$814.5M$618.6M$390.5M
Operating income$145.1M$128.2M$100.9M$85.7M$10.8M
Net income$72.4M$55.5M$34.6M$27.8M$-4.9M
Diluted EPS$1.68$1.32$0.88$0.73$-0.13

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$129.2M$153.1M$61.6M$23.1M$-19.9M
Capital expenditure$41.4M$49.5M$57.4M$45.8M$38.8M
Free cash flow$87.8M$103.6M$4.2M$-22.7M$-58.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$1.06B11.4%$17.4M$0.40
Q4 FY2025$1.14B10.5%$21.7M$0.47
Q3 FY2025$1.02B9.6%$19.1M$0.44
Q2 FY2025$1.03B8.4%$21.2M$0.49
Q1 FY2025$950.7M8.7%$10.3M$0.25
Q4 FY2024$1.03B8.7%$23.9M$0.52
Q3 FY2024$931.5M5.6%$14.1M$0.34
Q2 FY2024$954.7M8.3%$15.5M$0.37

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryWholesale-Groceries, General Line
Latest annual periodFY2025 (ended December 26, 2025)
Latest reported quarterQ1 FY2026 (ended March 27, 2026)
Oldest indexed filing2011
SEC CIK1517175

Selected SEC filings

10-Q2026-07-29
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
8-K2026-07-29
View on EDGAR →
8-K2026-05-11
View on EDGAR →
8-K2026-04-29
View on EDGAR →
8-K2026-04-24
View on EDGAR →

Largest Industrials peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.