US Foods Holding Corp. (USFD) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+4.6%

$110.36

vs $105.49 price

Levered DCF

$138.58

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.79

Safe zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	25.63×	33.25×	21.73×	33.35×	63.33×	-28.97×	23.67×	16.83×
P/B	4.03×	3.63×	2.29×	1.7×	1.81×	1.81×	2.46×	2.12×
P/S	0.44×	0.43×	0.3×	0.22×	0.26×	0.32×	0.35×	0.28×
EV / EBITDA	13.82×	15.61×	11.3×	12.87×	16.22×	34.68×	13.41×	10.26×
Gross margin	17.4%	17.3%	17.3%	16.1%	15.8%	16.3%	17.7%	17.8%
Operating margin	3.1%	3.0%	2.9%	1.8%	1.4%	-0.3%	2.7%	2.7%
Net margin	1.7%	1.3%	1.4%	0.8%	0.6%	-1.0%	1.5%	1.7%
Current ratio	1.16×	1.21×	1.3×	1.37×	1.41×	1.75×	1.38×	1.43×
Debt / equity	1.33×	1.2×	1.1×	1.18×	1.28×	1.53×	1.38×	1.13×
Interest coverage	4.04×	3.56×	3.18×	2.38×	1.99×	-0.32×	3.8×	3.76×
Dividend yield	0.0%	0.0%	0.1%	0.5%	0.4%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	1.4%	14.0%	17.1%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	15.7%	10.9%	10.7%	5.9%	3.8%	-5.6%	10.4%	12.6%
Return on invested capital	8.7%	8.2%	7.4%	4.3%	3.2%	-0.6%	5.6%	7.3%
Return on assets	4.8%	3.7%	3.8%	2.1%	1.3%	-1.8%	3.4%	4.4%
Free cash flow yield	5.5%	5.1%	7.7%	6.6%	1.9%	3.1%	5.5%	5.5%
Earnings yield	3.9%	3.0%	4.7%	3.5%	2.1%	-3.1%	4.2%	6.0%
Enterprise value	$23B	$21.8B	$15.8B	$12.7B	$13.1B	$12.7B	$14.2B	$10.4B
Net debt / EBITDA	3.41×	3.85×	3.53×	5.16×	6.62×	14.65×	4.77×	3.5×
Cash conversion cycle (days)	12	13	15	17	20	20	22	20