Chefs' Warehouse (CHEF) Financials

$53.55 -0.86 (-1.58%)

Closing price 04:00 PM Eastern

Extended Trading

$53.91 +0.36 (+0.67%)

As of 07:43 PM Eastern

Annual Income Statements for Chefs' Warehouse

This table shows Chefs' Warehouse's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	16	3.02	14	20	24	-83	-4.89	28	35	54
Consolidated Net Income / (Loss)	16	3.02	14	20	24	-83	-4.92	28	35	55
Net Income / (Loss) Continuing Operations	16	3.02	14	20	24	-83	-4.92	28	35	55
Total Pre-Tax Income	28	5.68	18	28	32	-124	-6.78	42	55	80
Total Operating Income	40	47	41	49	51	-103	11	86	101	128
Total Gross Profit	269	301	329	349	387	248	390	619	814	914
Total Revenue	1,047	1,193	1,302	1,445	1,592	1,112	1,746	2,613	3,434	3,794
Operating Revenue	1,047	1,193	1,302	1,445	1,592	1,112	1,746	2,613	3,434	3,794
Total Cost of Revenue	778	892	972	1,096	1,205	863	1,355	1,995	2,619	2,880
Operating Cost of Revenue	778	892	972	1,096	1,205	863	1,355	1,995	2,619	2,880
Total Operating Expenses	228	254	288	300	336	351	380	533	714	786
Selling, General & Admin Expense	-	-	-	298	330	336	379	518	705	785
Other Operating Expenses / (Income)	228	254	288	2.23	6.36	14	0.42	15	8.77	1.09
Total Other Income / (Expense), net	-13	-42	-23	-21	-18	-21	-18	-44	-45	-49
Interest Expense	13	42	23	21	18	21	18	44	45	49
Income Tax Expense	12	2.65	4.04	7.44	8.21	-41	-1.85	14	21	24
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	-	-	-	-0.03	0.16	-0.35	1.98
Basic Earnings per Share	$0.63	$0.12	$0.55	$0.71	$0.82	($2.46)	($0.13)	$0.75	$0.92	$1.46
Weighted Average Basic Shares Outstanding	25.53M	25.92M	26.12M	28.70M	29.53M	33.72M	36.74M	37.09M	37.63M	37.91M
Diluted Earnings per Share	$0.63	$0.12	$0.54	$0.70	$0.81	($2.46)	($0.13)	$0.73	$0.88	$1.32
Weighted Average Diluted Shares Outstanding	26.51M	26.03M	27.42M	29.68M	30.07M	33.72M	36.74M	38.74M	45.64M	45.98M
Weighted Average Basic & Diluted Shares Outstanding	25.70M	25.20M	26.10M	28.70M	30.31M	37.28M	37.89M	38.60M	39.67M	40.27M

This table shows Chefs' Warehouse's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	8.12	1.17	1.48	10	7.09	16	1.61	15	14	23
Consolidated Net Income / (Loss)	8.28	1.17	1.40	9.87	7.32	16	1.93	16	14	24
Net Income / (Loss) Continuing Operations	8.28	1.17	1.40	9.87	7.32	16	1.93	16	14	24
Total Pre-Tax Income	11	5.48	1.89	13	14	26	2.76	22	20	34
Total Operating Income	22	30	12	25	26	38	16	34	32	46
Total Gross Profit	158	187	170	208	208	229	209	229	225	251
Total Revenue	662	791	720	882	882	950	874	955	931	1,034
Operating Revenue	662	791	720	882	882	950	874	955	931	1,034
Total Cost of Revenue	504	604	550	673	674	722	665	726	707	783
Operating Cost of Revenue	504	604	550	673	674	722	665	726	707	783
Total Operating Expenses	136	158	158	183	182	190	193	195	193	205
Selling, General & Admin Expense	130	153	156	179	180	190	190	195	193	207
Other Operating Expenses / (Income)	5.46	4.18	1.67	4.06	2.54	0.50	3.11	0.30	-0.03	-2.30
Total Other Income / (Expense), net	-11	-24	-10	-12	-11	-12	-13	-12	-12	-12
Interest Expense	11	24	10	12	11	12	13	12	12	12
Income Tax Expense	3.06	4.31	0.49	3.47	6.85	10	0.83	6.65	6.04	11
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	0.16	-	-0.08	-0.19	0.23	-0.31	0.32	0.13	0.28	1.24
Basic Earnings per Share	$0.22	$0.03	$0.04	$0.26	$0.19	$0.43	$0.05	$0.41	$0.37	$0.63
Weighted Average Basic Shares Outstanding	37.12M	37.09M	37.51M	37.63M	37.69M	37.63M	37.82M	37.92M	37.86M	37.91M
Diluted Earnings per Share	$0.21	$0.06	$0.04	$0.25	$0.19	$0.40	$0.05	$0.37	$0.34	$0.56
Weighted Average Diluted Shares Outstanding	42.04M	38.74M	38.16M	45.60M	45.72M	45.64M	38.63M	45.95M	45.94M	45.98M
Weighted Average Basic & Diluted Shares Outstanding	-	38.60M	39.54M	39.67M	39.67M	39.67M	39.77M	39.83M	39.55M	40.27M

This table details how cash moves in and out of Chefs' Warehouse's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-0.87	30	8.52	0.95	98	53	-78	44	-109	65
Net Cash From Operating Activities	38	39	31	45	45	43	-20	23	62	153
Net Cash From Continuing Operating Activities	38	39	31	45	45	43	-20	23	62	153
Net Income / (Loss) Continuing Operations	16	3.02	14	20	24	-83	-4.92	28	35	55
Consolidated Net Income / (Loss)	16	3.02	14	20	24	-83	-4.92	28	35	55
Depreciation Expense	5.96	7.08	8.52	10	13	20	22	24	33	41
Amortization Expense	11	13	14	15	15	17	13	14	23	24
Non-Cash Adjustments To Reconcile Net Income	7.00	30	7.37	8.82	12	56	16	37	35	36
Changes in Operating Assets and Liabilities, net	-2.13	-14	-13	-9.50	-19	33	-65	-80	-64	-3.26
Net Cash From Investing Activities	-129	-36	-42	-34	-44	-68	-49	-232	-179	-50
Net Cash From Continuing Investing Activities	-129	-36	-42	-34	-44	-68	-49	-232	-179	-50
Purchase of Property, Plant & Equipment	-22	-17	-12	-20	-16	-7.04	-39	-46	-57	-50
Acquisitions	-124	-20	-30	-14	-28	-61	-10	-186	-122	-0.32
Net Cash From Financing Activities	91	27	19	-10	97	78	-9.22	253	9.01	-38
Net Cash From Continuing Financing Activities	91	27	19	-10	97	78	-9.22	253	9.01	-38
Repayment of Debt	-143	-321	-38	-57	-54	-104	-54	-367	-33	-49
Repurchase of Common Equity	-	-	-	-	-	-	-	0.00	0.00	-17
Issuance of Debt	235	349	24	47	150	100	52	630	60	46
Other Financing Activities, net	-1.01	-0.57	-0.50	-0.76	0.52	-3.67	-6.64	-9.73	-18	-18
Effect of Exchange Rate Changes	-0.35	0.07	-	-	0.02	0.08	-0.01	-	-0.26	0.02

This table details how cash moves in and out of Chefs' Warehouse's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	94	13	-67	-32	-27	17	-7.61	-3.93	12	64
Net Cash From Operating Activities	12	-8.61	-2.26	13	9.26	42	31	29	20	73
Net Cash From Continuing Operating Activities	12	-8.61	-2.26	13	9.26	42	31	29	20	73
Net Income / (Loss) Continuing Operations	8.28	1.17	1.40	9.87	7.32	16	1.93	16	14	24
Consolidated Net Income / (Loss)	8.28	1.17	1.40	9.87	7.32	16	1.93	16	14	24
Depreciation Expense	5.91	6.67	7.01	8.67	8.49	8.72	9.23	9.54	11	11
Amortization Expense	4.08	2.00	4.70	5.76	6.47	5.80	6.17	6.17	5.87	6.16
Non-Cash Adjustments To Reconcile Net Income	4.82	23	8.79	11	9.57	6.47	10	7.54	7.19	11
Changes in Operating Assets and Liabilities, net	-11	-42	-24	-22	-23	4.61	3.14	-9.44	-18	21
Net Cash From Investing Activities	-18	-138	-60	-83	-13	-24	-17	-16	-8.01	-8.38
Net Cash From Continuing Investing Activities	-18	-138	-60	-83	-13	-24	-17	-16	-8.01	-8.38
Purchase of Property, Plant & Equipment	-8.18	-14	-8.70	-14	-12	-22	-17	-16	-8.01	-8.38
Net Cash From Financing Activities	100	161	-5.14	38	-23	-1.46	-21	-17	0.54	-0.66
Net Cash From Continuing Financing Activities	100	161	-5.14	38	-23	-1.46	-21	-17	0.54	-0.66
Repayment of Debt	-200	-162	-3.23	-10	-21	1.49	-8.05	-10	-4.25	-27
Repurchase of Common Equity	-	-	0.00	-	-	-	-5.00	-5.00	-	-7.39
Issuance of Debt	300	330	-	-	-	10	-	-	5.99	40
Other Financing Activities, net	0.04	-7.21	-1.91	-1.64	-1.52	-13	-8.20	-2.92	-1.20	-5.77

This table presents Chefs' Warehouse's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	580	634	688	732	1,014	974	1,074	1,509	1,705	1,859
Total Current Assets	229	264	297	329	453	406	470	721	731	868
Cash & Equivalents	2.45	33	42	42	140	193	115	159	50	115
Accounts Receivable	124	128	142	162	175	96	173	260	334	366
Inventories, net	93	87	102	113	124	83	144	246	285	316
Prepaid Expenses	9.16	16	11	12	14	33	38	56	63	71
Plant, Property, & Equipment, net	54	62	68	85	93	115	134	186	235	276
Total Noncurrent Assets	297	307	323	318	468	453	470	603	740	715
Goodwill	156	164	173	184	198	215	222	287	356	356
Intangible Assets	137	137	146	130	139	112	105	156	185	160
Other Noncurrent Operating Assets	4.47	6.02	2.98	4.07	131	119	134	160	199	198
Total Liabilities & Shareholders' Equity	580	634	688	732	1,014	974	1,074	1,509	1,705	1,859
Total Liabilities	392	440	439	424	678	630	724	1,108	1,251	1,321
Total Current Liabilities	103	107	108	126	150	118	197	284	386	425
Short-Term Debt	6.27	15	3.83	0.06	0.72	6.10	5.14	12	53	18
Accounts Payable	65	66	70	88	94	58	118	163	201	267
Accrued Expenses	24	18	22	25	30	28	35	54	71	69
Current Employee Benefit Liabilities	7.73	9.52	13	13	8.03	9.40	22	34	37	50
Other Current Liabilities	-	-	-	-	17	17	16	19	24	22
Total Noncurrent Liabilities	289	332	331	298	528	512	527	824	865	896
Long-Term Debt	267	318	314	278	386	398	394	654	665	689
Noncurrent Deferred & Payable Income Tax Liabilities	4.06	6.96	6.02	9.60	11	-	0.00	6.10	14	16
Other Noncurrent Operating Liabilities	17	7.72	11	10	131	114	132	164	186	191
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	188	194	249	309	336	345	350	402	455	538
Total Preferred & Common Equity	188	194	249	309	336	345	350	402	455	538
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	188	194	249	309	336	345	350	402	455	538
Common Stock	125	127	167	208	213	304	315	338	357	400
Retained Earnings	65	69	83	103	125	43	38	65	100	142
Accumulated Other Comprehensive Income / (Loss)	-2.95	-2.19	-1.55	-2.22	-2.05	-2.05	-2.02	-2.19	-1.83	-3.81

This table presents Chefs' Warehouse's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,552	1,651	1,658	1,670	1,715	1,774
Total Current Assets	697	714	722	693	741	792
Cash & Equivalents	92	60	33	42	38	51
Accounts Receivable	275	301	316	313	323	334
Inventories, net	275	292	312	272	310	336
Prepaid Expenses	56	61	60	66	68	71
Plant, Property, & Equipment, net	196	206	209	251	260	270
Total Noncurrent Assets	659	732	727	727	715	711
Goodwill	308	349	345	357	357	357
Intangible Assets	168	196	200	179	172	167
Other Noncurrent Operating Assets	183	187	183	192	186	188
Total Liabilities & Shareholders' Equity	1,552	1,651	1,658	1,670	1,715	1,774
Total Liabilities	1,146	1,228	1,223	1,223	1,254	1,293
Total Current Liabilities	304	333	350	360	400	429
Short-Term Debt	13	12	12	56	57	65
Accounts Payable	170	198	209	183	220	232
Accrued Expenses	72	72	75	63	62	66
Current Employee Benefit Liabilities	27	28	31	35	37	43
Other Current Liabilities	22	23	23	23	24	23
Total Noncurrent Liabilities	842	895	873	863	854	864
Long-Term Debt	654	709	689	667	661	667
Noncurrent Deferred & Payable Income Tax Liabilities	6.22	7.29	9.32	15	17	20
Other Noncurrent Operating Liabilities	181	178	175	181	176	178
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	406	423	435	448	462	480
Total Preferred & Common Equity	406	423	435	448	462	480
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	406	423	435	448	462	480
Common Stock	341	348	353	353	357	359
Retained Earnings	67	77	84	102	117	124
Accumulated Other Comprehensive Income / (Loss)	-2.10	-1.91	-2.14	-2.16	-2.28	-2.56

This table displays calculated financial ratios and metrics derived from Chefs' Warehouse's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	25.72%	13.95%	9.11%	10.99%	10.19%	-30.17%	57.04%	49.70%	31.39%	10.50%
EBITDA Growth	36.08%	17.95%	-5.74%	16.00%	6.59%	-183.68%	169.40%	170.85%	26.27%	23.37%
EBIT Growth	23.26%	16.25%	-13.09%	18.17%	4.28%	-302.62%	110.53%	693.06%	17.73%	27.01%
NOPAT Growth	25.14%	6.47%	27.57%	10.92%	6.26%	-289.96%	110.53%	650.54%	10.83%	42.08%
Net Income Growth	14.03%	-81.35%	375.22%	42.02%	18.58%	-442.67%	94.06%	663.68%	24.65%	60.39%
EPS Growth	10.53%	-80.95%	350.00%	29.63%	15.71%	-403.70%	94.72%	661.54%	20.55%	50.00%
Operating Cash Flow Growth	285.09%	3.15%	-19.06%	43.13%	-0.17%	-4.72%	-146.41%	216.26%	166.44%	148.32%
Free Cash Flow Firm Growth	-1,677.77%	93.85%	106.52%	2,591.54%	-101.26%	-22,135.96%	-59.07%	-205.02%	30.48%	154.53%
Invested Capital Growth	59.97%	7.47%	6.38%	3.73%	6.98%	-4.64%	14.20%	43.24%	23.57%	0.62%
Revenue Q/Q Growth	6.89%	4.47%	1.10%	2.63%	2.08%	-11.53%	18.83%	9.79%	4.86%	2.24%
EBITDA Q/Q Growth	13.04%	13.57%	-9.23%	5.39%	0.99%	-4,329.68%	391.70%	14.30%	10.00%	6.12%
EBIT Q/Q Growth	10.00%	18.54%	-14.66%	4.93%	1.45%	-184.89%	120.28%	19.39%	9.07%	6.92%
NOPAT Q/Q Growth	12.23%	3.15%	16.45%	-5.05%	3.48%	-184.89%	120.28%	8.45%	20.04%	11.59%
Net Income Q/Q Growth	9.87%	463.99%	2.43%	-2.86%	9.04%	-137.15%	90.24%	-20.76%	75.02%	16.67%
EPS Q/Q Growth	8.62%	500.00%	-1.82%	-6.67%	8.00%	-134.29%	90.85%	-19.78%	62.96%	13.79%
Operating Cash Flow Q/Q Growth	45.59%	-7.76%	-23.01%	7.85%	28.15%	-43.08%	46.68%	-39.40%	439.18%	25.82%
Free Cash Flow Firm Q/Q Growth	12.70%	-259.16%	139.30%	-44.18%	98.90%	-226.31%	-0.77%	-133.06%	85.61%	272.52%
Invested Capital Q/Q Growth	-2.73%	0.56%	1.00%	3.02%	-0.17%	-2.89%	4.77%	0.00%	1.80%	-2.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.67%	25.25%	25.31%	24.15%	24.28%	22.32%	22.37%	23.67%	23.72%	24.09%
EBITDA Margin	5.48%	5.67%	4.90%	5.12%	4.95%	-5.93%	2.62%	4.74%	4.56%	5.09%
Operating Margin	3.86%	3.96%	3.16%	3.36%	3.18%	-9.24%	0.62%	3.28%	2.94%	3.38%
EBIT Margin	3.89%	3.97%	3.16%	3.36%	3.18%	-9.24%	0.62%	3.28%	2.94%	3.38%
Profit (Net Income) Margin	1.55%	0.25%	1.10%	1.41%	1.52%	-7.46%	-0.28%	1.06%	1.01%	1.46%
Tax Burden Percent	58.49%	53.26%	78.04%	73.27%	74.66%	67.07%	72.65%	66.25%	62.36%	69.76%
Interest Burden Percent	68.09%	12.00%	44.77%	57.31%	63.95%	120.40%	-62.68%	48.86%	54.95%	62.03%
Effective Tax Rate	41.51%	46.74%	21.96%	26.73%	25.34%	0.00%	0.00%	33.75%	37.64%	30.24%
Return on Invested Capital (ROIC)	6.33%	5.28%	6.30%	6.66%	6.71%	-12.63%	1.27%	7.36%	6.20%	7.94%
ROIC Less NNEP Spread (ROIC-NNEP)	2.73%	-2.47%	0.15%	0.72%	1.06%	-17.46%	-3.77%	0.02%	1.37%	2.55%
Return on Net Nonoperating Assets (RNNOA)	3.35%	-3.70%	0.19%	0.66%	0.79%	-11.74%	-2.69%	0.02%	1.88%	3.24%
Return on Equity (ROE)	9.68%	1.58%	6.50%	7.32%	7.51%	-24.36%	-1.42%	7.38%	8.08%	11.18%
Cash Return on Invested Capital (CROIC)	-39.80%	-1.92%	0.12%	3.00%	-0.04%	-7.88%	-11.99%	-28.19%	-14.89%	7.32%
Operating Return on Assets (OROA)	8.51%	7.80%	6.22%	6.84%	5.80%	-10.33%	1.06%	6.64%	6.28%	7.19%
Return on Assets (ROA)	3.39%	0.50%	2.17%	2.87%	2.77%	-8.34%	-0.48%	2.15%	2.15%	3.11%
Return on Common Equity (ROCE)	9.68%	1.58%	6.50%	7.32%	7.51%	-24.36%	-1.42%	7.38%	8.08%	11.18%
Return on Equity Simple (ROE_SIMPLE)	8.62%	1.56%	5.78%	6.61%	7.20%	-24.06%	-1.41%	6.91%	7.61%	10.32%
Net Operating Profit after Tax (NOPAT)	24	25	32	36	38	-72	7.57	57	63	89
NOPAT Margin	2.26%	2.11%	2.47%	2.46%	2.38%	-6.46%	0.43%	2.17%	1.83%	2.36%
Net Nonoperating Expense Percent (NNEP)	3.61%	7.76%	6.16%	5.94%	5.65%	4.83%	5.05%	7.34%	4.83%	5.39%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	5.32%	5.37%	7.19%
Cost of Revenue to Revenue	74.33%	74.75%	74.69%	75.85%	75.72%	77.68%	77.63%	76.33%	76.28%	75.91%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	20.64%	20.70%	30.26%	21.72%	19.83%	20.52%	20.69%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.81%	21.29%	22.15%	20.79%	21.10%	31.56%	21.75%	20.39%	20.78%	20.71%
Earnings before Interest and Taxes (EBIT)	41	47	41	49	51	-103	11	86	101	128
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	57	68	64	74	79	-66	46	124	157	193
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.43	2.14	2.19	3.04	3.43	2.62	3.52	3.17	2.57	3.58
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	50.10	52.08	0.00	0.00	91.84
Price to Revenue (P/Rev)	0.44	0.35	0.42	0.65	0.72	0.81	0.71	0.49	0.34	0.51
Price to Earnings (P/E)	28.17	137.22	37.91	46.02	47.61	0.00	0.00	46.17	33.41	35.99
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.55%	0.73%	2.64%	2.17%	2.10%	0.00%	0.00%	2.17%	2.99%	2.78%
Enterprise Value to Invested Capital (EV/IC)	1.59	1.45	1.56	2.16	2.40	2.00	2.39	1.96	1.63	2.23
Enterprise Value to Revenue (EV/Rev)	0.70	0.60	0.63	0.81	0.88	1.00	0.87	0.68	0.53	0.66
Enterprise Value to EBITDA (EV/EBITDA)	12.69	10.56	12.88	15.89	17.74	0.00	33.16	14.36	11.72	13.04
Enterprise Value to EBIT (EV/EBIT)	17.89	15.10	19.96	24.18	27.60	0.00	140.42	20.77	18.18	19.64
Enterprise Value to NOPAT (EV/NOPAT)	30.80	28.40	25.58	33.00	36.96	0.00	200.59	31.35	29.16	28.15
Enterprise Value to Operating Cash Flow (EV/OCF)	19.29	18.36	26.06	26.06	31.07	25.96	0.00	76.98	29.78	16.45
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	1,378.71	73.31	0.00	0.00	0.00	0.00	0.00	30.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.46	1.72	1.28	0.90	1.15	1.17	1.14	1.66	1.58	1.31
Long-Term Debt to Equity	1.42	1.64	1.26	0.90	1.15	1.16	1.13	1.63	1.46	1.28
Financial Leverage	1.23	1.50	1.30	0.92	0.75	0.67	0.71	1.05	1.37	1.27
Leverage Ratio	2.86	3.18	2.99	2.55	2.71	2.92	2.95	3.44	3.75	3.59
Compound Leverage Factor	1.94	0.38	1.34	1.46	1.73	3.52	-1.85	1.68	2.06	2.23
Debt to Total Capital	59.28%	63.18%	56.11%	47.41%	53.52%	53.98%	53.27%	62.39%	61.23%	56.80%
Short-Term Debt to Total Capital	1.36%	2.81%	0.68%	0.01%	0.10%	0.81%	0.69%	1.16%	4.54%	1.45%
Long-Term Debt to Total Capital	57.92%	60.37%	55.43%	47.40%	53.42%	53.17%	52.59%	61.22%	56.69%	55.35%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	40.72%	36.82%	43.89%	52.59%	46.48%	46.02%	46.73%	37.61%	38.77%	43.20%
Debt to EBITDA	4.77	4.92	4.99	3.76	4.91	-6.13	8.72	5.37	4.59	3.66
Net Debt to EBITDA	4.73	4.43	4.33	3.19	3.13	-3.20	6.21	4.09	4.27	3.07
Long-Term Debt to EBITDA	4.66	4.70	4.93	3.76	4.90	-6.04	8.61	5.27	4.25	3.57
Debt to NOPAT	11.58	13.22	9.90	7.81	10.23	-5.62	52.76	11.72	11.41	7.90
Net Debt to NOPAT	11.47	11.91	8.61	6.62	6.52	-2.93	37.55	8.93	10.61	6.62
Long-Term Debt to NOPAT	11.31	12.63	9.78	7.81	10.21	-5.54	52.08	11.51	10.56	7.70
Altman Z-Score	3.15	3.14	3.33	4.05	3.29	2.07	3.04	3.02	3.09	3.54
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.22	2.46	2.74	2.62	3.02	3.43	2.39	2.54	1.89	2.04
Quick Ratio	1.23	1.50	1.70	1.63	2.10	2.45	1.46	1.48	1.00	1.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-148	-9.13	0.60	16	-0.20	-45	-71	-217	-151	82
Operating Cash Flow to CapEx	689.83%	242.11%	255.84%	227.84%	279.95%	609.45%	-51.28%	50.46%	107.33%	309.18%
Free Cash Flow to Firm to Interest Expense	-11.44	-0.22	0.03	0.77	-0.01	-2.14	-4.05	-4.96	-3.32	1.69
Operating Cash Flow to Interest Expense	2.91	0.93	1.39	2.17	2.46	2.05	-1.13	0.53	1.36	3.14
Operating Cash Flow Less CapEx to Interest Expense	2.48	0.55	0.84	1.22	1.58	1.71	-3.34	-0.52	0.09	2.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.19	1.97	1.97	2.03	1.82	1.12	1.70	2.02	2.14	2.13
Accounts Receivable Turnover	9.47	9.46	9.63	9.51	9.45	8.19	12.98	12.08	11.56	10.84
Inventory Turnover	9.25	9.89	10.26	10.21	10.19	8.36	11.94	10.22	9.88	9.59
Fixed Asset Turnover	20.48	20.48	19.94	18.80	17.87	10.67	14.02	16.37	16.33	14.86
Accounts Payable Turnover	14.40	13.68	14.35	13.89	13.25	11.39	15.42	14.16	14.39	12.33
Days Sales Outstanding (DSO)	38.53	38.58	37.89	38.40	38.61	44.56	28.11	30.22	31.58	33.69
Days Inventory Outstanding (DIO)	39.47	36.89	35.59	35.76	35.84	43.66	30.57	35.70	36.94	38.05
Days Payable Outstanding (DPO)	25.34	26.69	25.44	26.29	27.54	32.04	23.67	25.77	25.36	29.61
Cash Conversion Cycle (CCC)	52.66	48.78	48.03	47.87	46.91	56.18	35.01	40.14	43.17	42.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	459	493	525	544	583	555	634	909	1,123	1,130
Invested Capital Turnover	2.81	2.50	2.56	2.70	2.82	1.95	2.93	3.39	3.38	3.37
Increase / (Decrease) in Invested Capital	172	34	32	20	38	-27	79	274	214	6.99
Enterprise Value (EV)	728	714	821	1,175	1,398	1,113	1,518	1,781	1,835	2,518
Market Capitalization	457	415	545	939	1,152	902	1,234	1,274	1,167	1,926
Book Value per Share	$7.15	$7.38	$9.36	$10.30	$11.07	$9.12	$9.24	$10.49	$11.46	$13.59
Tangible Book Value per Share	($3.98)	($4.08)	($2.67)	($0.19)	($0.02)	$0.48	$0.63	($1.08)	($2.17)	$0.53
Total Capital	462	526	566	587	723	749	750	1,067	1,173	1,244
Total Debt	274	333	318	278	387	404	399	666	718	707
Total Long-Term Debt	267	318	314	278	386	398	394	654	665	689
Net Debt	271	300	276	236	247	211	284	507	668	592
Capital Expenditures (CapEx)	5.47	16	12	20	16	7.04	39	46	57	50
Debt-free, Cash-free Net Working Capital (DFCFNWC)	129	139	151	161	163	100	163	291	348	346
Debt-free Net Working Capital (DFNWC)	132	172	192	203	304	294	278	450	398	461
Net Working Capital (NWC)	125	157	189	203	303	288	273	437	345	443
Net Nonoperating Expense (NNE)	7.42	22	18	15	14	11	12	29	28	34
Net Nonoperating Obligations (NNO)	271	300	276	236	247	211	284	507	668	592
Total Depreciation and Amortization (D&A)	17	20	23	25	28	37	35	38	56	65
Debt-free, Cash-free Net Working Capital to Revenue	12.34%	11.66%	11.59%	11.13%	10.27%	9.03%	9.33%	11.13%	10.15%	9.12%
Debt-free Net Working Capital to Revenue	12.57%	14.41%	14.78%	14.07%	19.08%	26.42%	15.93%	17.20%	11.60%	12.14%
Net Working Capital to Revenue	11.98%	13.17%	14.49%	14.07%	19.04%	25.87%	15.63%	16.73%	10.05%	11.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.63	$0.12	$0.55	$0.71	$0.82	($2.46)	($0.13)	$0.75	$0.92	$1.46
Adjusted Weighted Average Basic Shares Outstanding	25.53M	25.92M	26.12M	28.70M	29.53M	33.72M	36.74M	37.09M	37.63M	37.91M
Adjusted Diluted Earnings per Share	$0.63	$0.12	$0.54	$0.70	$0.81	($2.46)	($0.13)	$0.73	$0.88	$1.32
Adjusted Weighted Average Diluted Shares Outstanding	26.51M	26.03M	27.42M	29.68M	30.07M	33.72M	36.74M	38.74M	45.64M	45.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	26.28M	26.28M	28.44M	29.97M	30.31M	37.28M	37.89M	38.60M	39.67M	40.27M
Normalized Net Operating Profit after Tax (NOPAT)	24	25	32	36	38	-72	7.57	57	63	89
Normalized NOPAT Margin	2.26%	2.11%	2.47%	2.46%	2.38%	-6.46%	0.43%	2.17%	1.83%	2.36%
Pre Tax Income Margin	2.65%	0.48%	1.41%	1.93%	2.04%	-11.12%	-0.39%	1.60%	1.62%	2.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.13	1.14	1.81	2.34	2.77	-4.90	0.61	1.96	2.22	2.63
NOPAT to Interest Expense	1.82	0.60	1.41	1.72	2.07	-3.43	0.43	1.30	1.38	1.84
EBIT Less CapEx to Interest Expense	2.71	0.75	1.27	1.39	1.89	-5.24	-1.59	0.91	0.96	1.62
NOPAT Less CapEx to Interest Expense	1.40	0.22	0.87	0.76	1.19	-3.77	-1.78	0.25	0.12	0.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	31.35%

This table displays calculated financial ratios and metrics derived from Chefs' Warehouse's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	36.66%	41.75%	40.53%	36.06%	33.24%	20.11%	21.52%	8.27%	5.63%	8.74%
EBITDA Growth	63.18%	67.64%	47.10%	6.24%	26.30%	37.04%	33.05%	24.65%	19.37%	21.15%
EBIT Growth	111.47%	87.90%	89.96%	-8.30%	15.74%	28.19%	34.49%	33.65%	24.79%	21.75%
NOPAT Growth	179.09%	-44.70%	92.76%	-7.06%	-18.08%	267.72%	27.18%	26.43%	69.06%	37.76%
Net Income Growth	139.50%	-86.11%	1.16%	-41.67%	-11.54%	1,264.02%	37.83%	57.33%	92.54%	49.54%
EPS Growth	133.33%	-75.00%	0.00%	-40.48%	-9.52%	566.67%	25.00%	48.00%	78.95%	40.00%
Operating Cash Flow Growth	596.93%	-233.93%	-121.99%	37.33%	-22.60%	582.92%	1,466.65%	124.82%	114.11%	75.52%
Free Cash Flow Firm Growth	2,345.97%	-297.77%	-164.09%	-149.51%	-275.31%	28.81%	54.82%	89.99%	96.72%	113.25%
Invested Capital Growth	0.00%	43.24%	45.77%	46.80%	0.00%	23.57%	14.92%	5.21%	5.26%	0.62%
Revenue Q/Q Growth	2.12%	19.56%	-9.06%	22.54%	0.00%	7.78%	-7.99%	9.17%	-2.44%	10.96%
EBITDA Q/Q Growth	-14.33%	19.84%	-38.58%	68.47%	1.84%	30.04%	-36.23%	57.84%	-2.48%	31.99%
EBIT Q/Q Growth	-20.12%	34.84%	-60.02%	112.96%	0.82%	49.34%	-58.06%	111.63%	-5.86%	45.71%
NOPAT Q/Q Growth	-20.12%	-60.49%	38.30%	112.93%	-29.60%	77.36%	-52.17%	111.66%	-5.86%	44.53%
Net Income Q/Q Growth	-51.07%	-85.83%	19.44%	604.28%	-25.79%	118.52%	-87.93%	703.94%	-9.19%	69.71%
EPS Q/Q Growth	-50.00%	-71.43%	-33.33%	525.00%	-24.00%	110.53%	-87.50%	640.00%	-8.11%	64.71%
Operating Cash Flow Q/Q Growth	25.98%	-171.98%	73.75%	676.91%	-28.99%	349.08%	-25.71%	-5.09%	-32.38%	268.13%
Free Cash Flow Firm Q/Q Growth	574.30%	-143.10%	-11.79%	-9.18%	-233.26%	82.50%	29.06%	75.80%	-9.01%	170.78%
Invested Capital Q/Q Growth	-100.00%	0.00%	8.05%	10.45%	1.70%	1.80%	0.49%	1.12%	1.75%	-2.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.84%	23.67%	23.58%	23.64%	23.55%	24.05%	23.95%	23.99%	24.13%	24.28%
EBITDA Margin	4.85%	4.86%	3.28%	4.51%	4.59%	5.54%	3.59%	5.19%	5.19%	6.17%
Operating Margin	3.34%	3.76%	1.65%	2.87%	2.90%	4.01%	1.83%	3.55%	3.42%	4.49%
EBIT Margin	3.34%	3.76%	1.65%	2.87%	2.90%	4.01%	1.83%	3.55%	3.42%	4.49%
Profit (Net Income) Margin	1.25%	0.15%	0.19%	1.12%	0.83%	1.68%	0.22%	1.63%	1.51%	2.31%
Tax Burden Percent	73.00%	21.39%	74.01%	74.00%	51.67%	61.37%	69.99%	70.00%	70.00%	69.44%
Interest Burden Percent	51.36%	18.42%	15.91%	52.62%	55.46%	68.33%	17.24%	65.48%	63.17%	74.17%
Effective Tax Rate	27.00%	78.61%	25.99%	26.00%	48.33%	38.63%	30.01%	30.00%	30.00%	30.56%
Return on Invested Capital (ROIC)	0.00%	2.73%	4.17%	7.13%	8.89%	8.33%	4.36%	8.17%	7.86%	10.51%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	1.41%	2.52%	5.38%	7.13%	7.07%	2.88%	6.95%	6.64%	9.19%
Return on Net Nonoperating Assets (RNNOA)	0.00%	1.49%	2.96%	6.75%	10.96%	9.70%	4.24%	10.53%	9.78%	11.67%
Return on Equity (ROE)	0.00%	4.21%	7.13%	13.88%	19.85%	18.03%	8.60%	18.70%	17.64%	22.19%
Cash Return on Invested Capital (CROIC)	0.00%	-28.19%	-29.93%	-31.61%	-190.49%	-14.89%	-7.68%	1.31%	1.96%	7.32%
Operating Return on Assets (OROA)	0.00%	7.61%	3.53%	6.05%	5.72%	8.58%	4.08%	7.72%	7.40%	9.57%
Return on Assets (ROA)	0.00%	0.30%	0.42%	2.35%	1.64%	3.60%	0.49%	3.54%	3.27%	4.93%
Return on Common Equity (ROCE)	0.00%	4.21%	7.13%	13.88%	19.85%	18.03%	8.60%	18.70%	17.64%	22.19%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	6.84%	4.90%	4.55%	0.00%	7.84%	8.83%	9.90%	0.00%
Net Operating Profit after Tax (NOPAT)	16	6.37	8.81	19	13	23	11	24	22	32
NOPAT Margin	2.43%	0.80%	1.22%	2.13%	1.50%	2.46%	1.28%	2.48%	2.40%	3.12%
Net Nonoperating Expense Percent (NNEP)	0.00%	1.31%	1.65%	1.75%	1.76%	1.26%	1.48%	1.22%	1.22%	1.32%
Return On Investment Capital (ROIC_SIMPLE)	-	0.60%	-	-	-	2.00%	-	-	-	2.59%
Cost of Revenue to Revenue	76.16%	76.33%	76.42%	76.36%	76.45%	75.95%	76.05%	76.01%	75.87%	75.72%
SG&A Expenses to Revenue	19.68%	19.38%	21.70%	20.30%	20.37%	19.99%	21.76%	20.41%	20.71%	20.01%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.50%	19.91%	21.93%	20.76%	20.66%	20.04%	22.12%	20.44%	20.71%	19.79%
Earnings before Interest and Taxes (EBIT)	22	30	12	25	26	38	16	34	32	46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	32	38	24	40	41	53	31	50	48	64
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	3.17	3.24	3.34	1.93	2.57	3.34	3.37	3.47	3.58
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	91.84
Price to Revenue (P/Rev)	0.49	0.49	0.47	0.46	0.26	0.34	0.42	0.42	0.45	0.51
Price to Earnings (P/E)	33.26	46.17	47.48	67.89	42.43	33.41	42.60	38.50	35.32	35.99
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.01%	2.17%	2.11%	1.47%	2.36%	2.99%	2.35%	2.60%	2.83%	2.78%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.96	1.93	1.91	1.37	1.63	1.93	1.96	2.02	2.23
Enterprise Value to Revenue (EV/Rev)	0.00	0.68	0.67	0.68	0.46	0.53	0.61	0.61	0.63	0.66
Enterprise Value to EBITDA (EV/EBITDA)	0.00	14.36	14.37	15.50	10.60	11.72	13.23	12.83	12.89	13.04
Enterprise Value to EBIT (EV/EBIT)	0.00	20.77	20.69	23.30	16.30	18.18	20.70	19.67	19.56	19.64
Enterprise Value to NOPAT (EV/NOPAT)	0.00	31.35	31.20	36.04	28.76	29.16	33.20	31.45	29.26	28.15
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	76.98	178.49	146.83	131.93	29.78	22.94	20.12	19.28	16.45
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	153.01	105.98	30.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	1.66	1.64	1.70	1.61	1.58	1.61	1.55	1.52	1.31
Long-Term Debt to Equity	0.00	1.63	1.61	1.68	1.59	1.46	1.49	1.43	1.39	1.28
Financial Leverage	0.00	1.05	1.18	1.26	1.54	1.37	1.47	1.52	1.47	1.27
Leverage Ratio	0.00	3.44	3.48	3.59	3.81	3.75	3.77	3.80	3.75	3.59
Compound Leverage Factor	0.00	0.63	0.55	1.89	2.12	2.57	0.65	2.49	2.37	2.66
Debt to Total Capital	0.00%	62.39%	62.19%	63.03%	61.73%	61.23%	61.75%	60.83%	60.36%	56.80%
Short-Term Debt to Total Capital	0.00%	1.16%	1.23%	1.05%	1.05%	4.54%	4.74%	4.80%	5.34%	1.45%
Long-Term Debt to Total Capital	0.00%	61.22%	60.96%	61.98%	60.67%	56.69%	57.00%	56.03%	55.01%	55.35%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	37.61%	37.81%	36.97%	38.27%	38.77%	38.25%	39.17%	39.64%	43.20%
Debt to EBITDA	0.00	5.37	5.08	5.39	4.93	4.59	4.40	4.12	4.02	3.66
Net Debt to EBITDA	0.00	4.09	4.38	4.94	4.69	4.27	4.14	3.90	3.74	3.07
Long-Term Debt to EBITDA	0.00	5.27	4.98	5.30	4.84	4.25	4.06	3.79	3.66	3.57
Debt to NOPAT	0.00	11.72	11.02	12.52	13.37	11.41	11.04	10.10	9.12	7.90
Net Debt to NOPAT	0.00	8.93	9.51	11.49	12.74	10.61	10.39	9.56	8.49	6.62
Long-Term Debt to NOPAT	0.00	11.51	10.80	12.31	13.14	10.56	10.19	9.30	8.32	7.70
Altman Z-Score	0.00	2.89	2.89	2.93	2.78	2.97	3.24	3.28	3.27	3.39
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	2.54	2.29	2.14	2.06	1.89	1.92	1.85	1.85	2.04
Quick Ratio	0.00	1.48	1.20	1.08	1.00	1.00	0.99	0.91	0.90	1.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	622	-268	-299	-327	-1,090	-191	-135	-33	-36	25
Operating Cash Flow to CapEx	146.36%	-60.73%	-26.00%	90.21%	77.34%	186.55%	181.06%	182.64%	247.64%	871.69%
Free Cash Flow to Firm to Interest Expense	57.89	-11.03	-29.93	-27.23	-95.76	-15.78	-10.22	-2.80	-3.04	2.11
Operating Cash Flow to Interest Expense	1.11	-0.35	-0.23	1.09	0.81	3.44	2.33	2.51	1.69	6.08
Operating Cash Flow Less CapEx to Interest Expense	0.35	-0.94	-1.10	-0.12	-0.24	1.60	1.04	1.14	1.01	5.39
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	2.02	2.13	2.10	1.98	2.14	2.23	2.18	2.16	2.13
Accounts Receivable Turnover	0.00	12.08	12.70	11.97	10.36	11.56	12.21	11.72	11.41	10.84
Inventory Turnover	0.00	10.22	10.07	9.66	8.01	9.88	10.01	9.25	8.69	9.59
Fixed Asset Turnover	0.00	16.37	16.21	16.78	15.67	16.33	16.06	15.74	15.50	14.86
Accounts Payable Turnover	0.00	14.16	14.76	13.67	11.95	14.39	15.50	13.32	12.77	12.33
Days Sales Outstanding (DSO)	0.00	30.22	28.75	30.49	35.24	31.58	29.89	31.14	31.99	33.69
Days Inventory Outstanding (DIO)	0.00	35.70	36.26	37.78	45.56	36.94	36.48	39.44	41.98	38.05
Days Payable Outstanding (DPO)	0.00	25.77	24.73	26.70	30.54	25.36	23.55	27.41	28.58	29.61
Cash Conversion Cycle (CCC)	0.00	40.14	40.28	41.57	50.26	43.17	42.81	43.18	45.39	42.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	909	982	1,084	1,103	1,123	1,128	1,141	1,161	1,130
Invested Capital Turnover	0.00	3.39	3.41	3.35	5.94	3.38	3.40	3.29	3.28	3.37
Increase / (Decrease) in Invested Capital	-605	274	308	346	1,103	214	147	56	58	6.99
Enterprise Value (EV)	0.00	1,781	1,890	2,076	1,508	1,835	2,174	2,235	2,345	2,518
Market Capitalization	1,158	1,274	1,314	1,414	840	1,167	1,494	1,555	1,665	1,926
Book Value per Share	$0.00	$10.49	$10.52	$10.70	$10.96	$11.46	$11.84	$11.61	$12.06	$13.59
Tangible Book Value per Share	$0.00	($1.08)	($1.80)	($3.08)	($2.76)	($2.17)	($2.31)	($1.69)	($1.08)	$0.53
Total Capital	0.00	1,067	1,074	1,144	1,136	1,173	1,171	1,179	1,212	1,244
Total Debt	0.00	666	668	721	701	718	723	717	731	707
Total Long-Term Debt	0.00	654	654	709	689	665	667	661	667	689
Net Debt	0.00	507	576	661	668	668	681	679	681	592
Capital Expenditures (CapEx)	8.18	14	8.70	14	12	22	17	16	8.01	8.38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	291	314	333	350	348	346	359	377	346
Debt-free Net Working Capital (DFNWC)	0.00	450	406	392	383	398	388	398	428	461
Net Working Capital (NWC)	0.00	437	393	380	371	345	333	341	363	443
Net Nonoperating Expense (NNE)	7.84	5.19	7.41	8.88	5.88	7.42	9.27	8.18	8.22	8.33
Net Nonoperating Obligations (NNO)	0.00	507	576	661	668	668	681	679	681	592
Total Depreciation and Amortization (D&A)	9.99	8.67	12	14	15	15	15	16	16	17
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	11.13%	11.13%	10.89%	10.70%	10.15%	9.64%	9.81%	10.16%	9.12%
Debt-free Net Working Capital to Revenue	0.00%	17.20%	14.39%	12.84%	11.71%	11.60%	10.82%	10.86%	11.53%	12.14%
Net Working Capital to Revenue	0.00%	16.73%	13.92%	12.45%	11.34%	10.05%	9.27%	9.31%	9.79%	11.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.03	$0.04	$0.26	$0.19	$0.43	$0.05	$0.41	$0.37	$0.63
Adjusted Weighted Average Basic Shares Outstanding	0.00	37.09M	37.51M	37.63M	37.69M	37.63M	37.82M	37.92M	37.86M	37.91M
Adjusted Diluted Earnings per Share	$0.00	$0.06	$0.04	$0.25	$0.19	$0.40	$0.05	$0.37	$0.34	$0.56
Adjusted Weighted Average Diluted Shares Outstanding	0.00	38.74M	38.16M	45.60M	45.72M	45.64M	38.63M	45.95M	45.94M	45.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	38.60M	39.54M	39.67M	39.67M	39.67M	39.77M	39.83M	39.55M	40.27M
Normalized Net Operating Profit after Tax (NOPAT)	16	21	8.81	19	13	23	11	24	22	32
Normalized NOPAT Margin	2.43%	2.63%	1.22%	2.13%	1.50%	2.46%	1.28%	2.48%	2.40%	3.12%
Pre Tax Income Margin	1.71%	0.69%	0.26%	1.51%	1.61%	2.74%	0.32%	2.32%	2.16%	3.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.06	1.23	1.19	2.11	2.25	3.16	1.21	2.90	2.72	3.87
NOPAT to Interest Expense	1.50	0.26	0.88	1.56	1.16	1.94	0.85	2.03	1.90	2.69
EBIT Less CapEx to Interest Expense	1.29	0.64	0.32	0.91	1.19	1.31	-0.08	1.52	2.03	3.17
NOPAT Less CapEx to Interest Expense	0.74	-0.32	0.01	0.36	0.11	0.09	-0.44	0.65	1.22	1.99
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	31.35%

Frequently Asked Questions About Chefs' Warehouse's Financials

When does Chefs' Warehouse's financial year end?

According to the most recent income statement we have on file, Chefs' Warehouse's fiscal year ends in December. Their fiscal year 2024 ended on December 27, 2024.

How has Chefs' Warehouse's net income changed over the last 9 years?

Chefs' Warehouse's net income appears to be on an upward trend, with a most recent value of $55.48 million in 2024, rising from $16.21 million in 2015. The previous period was $34.59 million in 2023.

What is Chefs' Warehouse's operating income?

Chefs' Warehouse's total operating income in 2024 was $128.21 million, based on the following breakdown:

Total Gross Profit: $914.15 million
Total Operating Expenses: $785.94 million

How has Chefs' Warehouse revenue changed over the last 9 years?

Over the last 9 years, Chefs' Warehouse's total revenue changed from $1.05 billion in 2015 to $3.79 billion in 2024, a change of 262.4%.

How much debt does Chefs' Warehouse have?

Chefs' Warehouse's total liabilities were at $1.32 billion at the end of 2024, a 5.6% increase from 2023, and a 237.1% increase since 2015.

How much cash does Chefs' Warehouse have?

In the past 9 years, Chefs' Warehouse's cash and equivalents has ranged from $2.45 million in 2015 to $193.28 million in 2020, and is currently $114.66 million as of their latest financial filing in 2024.

How has Chefs' Warehouse's book value per share changed over the last 9 years?

Over the last 9 years, Chefs' Warehouse's book value per share changed from 7.15 in 2015 to 13.59 in 2024, a change of 90.1%.

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This page (NASDAQ:CHEF) was last updated on 4/15/2025 by MarketBeat.com Staff

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Chefs' Warehouse (CHEF) Financials

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Chefs' Warehouse (CHEF) Financials

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