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Sysco Corporation (SYY) 10-Year Financial Performance & Capital Metrics

SYY • • Industrial / General
Consumer DefensiveFood DistributionBroadline Food DistributionNational Broadline Distributors
AboutSysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen foods, such as meats, seafood, fully prepared entrées, fruits, vegetables, and desserts; canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of China and silverware; cookware, which include pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. The company serves restaurants, hospitals and nursing homes, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues. As of August 27, 2021, it operated 343 distribution facilities. Sysco Corporation was incorporated in 1969 and is headquartered in Houston, Texas.Show more
  • Revenue $81.37B +3.2%
  • EBITDA $4.17B -0.5%
  • Net Income $1.83B -6.5%
  • EPS (Diluted) 3.73 -4.1%
  • Gross Margin 18.4% -0.7%
  • EBITDA Margin 5.13% -3.6%
  • Operating Margin 3.79% -6.6%
  • Net Margin 2.25% -9.4%
  • ROE 97.55% -1.9%
  • ROIC 15.74% -12.8%
  • Debt/Equity 7.81 +14.0%
  • Interest Coverage 4.86 -7.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Dividend Aristocrat: 37 years of consecutive increases
  • ✓Excellent 3Y average ROE of 99.8%
  • ✓Strong 5Y profit CAGR of 53.4%
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy dividend yield of 2.6%
  • ✓Share count reduced 2.6% through buybacks

✗Weaknesses

  • ✗High debt to equity ratio of 7.8x
  • ✗Expensive at 20.9x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.27%
5Y9%
3Y5.84%
TTM2.92%

Profit (Net Income) CAGR

10Y10.28%
5Y53.36%
3Y10.39%
TTM-6.57%

EPS CAGR

10Y12.49%
5Y54.77%
3Y12.21%
TTM-4.11%

ROCE

10Y Avg16.94%
5Y Avg17.82%
3Y Avg20.79%
Latest18.98%

Peer Comparison

National Broadline Distributors
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PFGCPerformance Food Group Company15.19B96.8444.428.61%0.5%7.12%4.64%1.79
USFDUS Foods Holding Corp.18.99B85.1842.176.4%1.43%12.48%4.39%1.20
SYYSysco Corporation37.92B79.1821.233.2%2.21%85.93%4.7%7.81

Profit & Loss

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Sales/Revenue+50.37B55.37B58.73B60.11B52.89B51.3B68.64B76.33B78.84B81.37B
Revenue Growth %0.03%0.1%0.06%0.02%-0.12%-0.03%0.34%0.11%0.03%0.03%
Cost of Goods Sold+41.33B44.81B47.64B48.7B42.99B41.94B56.32B62.37B64.24B66.4B
COGS % of Revenue0.82%0.81%0.81%0.81%0.81%0.82%0.82%0.82%0.81%0.82%
Gross Profit+9.04B10.56B11.09B11.41B9.9B9.36B12.32B13.95B14.61B14.97B
Gross Margin %0.18%0.19%0.19%0.19%0.19%0.18%0.18%0.18%0.19%0.18%
Gross Profit Growth %0.06%0.17%0.05%0.03%-0.13%-0.06%0.32%0.13%0.05%0.02%
Operating Expenses+7.19B8.5B8.76B9.08B9.15B7.92B9.98B10.92B11.41B11.88B
OpEx % of Revenue0.14%0.15%0.15%0.15%0.17%0.15%0.15%0.14%0.14%0.15%
Selling, General & Admin7.03B8.5B8.74B8.26B8.96B7.13B9.78B10.77B11.06B11.44B
SG&A % of Revenue0.14%0.15%0.15%0.14%0.17%0.14%0.14%0.14%0.14%0.14%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses158.75M00819.52M193.23M786.2M196.76M146M349M441M
Operating Income+1.85B2.05B2.31B2.33B749.5M1.45B2.35B3.04B3.2B3.09B
Operating Margin %0.04%0.04%0.04%0.04%0.01%0.03%0.03%0.04%0.04%0.04%
Operating Income Growth %0.51%0.11%0.13%0.01%-0.68%0.93%0.62%0.3%0.05%-0.04%
EBITDA+2.5B2.96B3.04B3.08B1.66B2.3B3.23B3.93B4.2B4.17B
EBITDA Margin %0.05%0.05%0.05%0.05%0.03%0.04%0.05%0.05%0.05%0.05%
EBITDA Growth %0.4%0.18%0.03%0.01%-0.46%0.39%0.4%0.22%0.07%-0.01%
D&A (Non-Cash Add-back)646M901.99M729.5M748.9M908.88M851.82M881M889M994M1.09B
EBIT1.65B2.06B2.27B2.28B633.34M1.46B2.37B2.81B3.17B3.05B
Net Interest Income+-306.15M-302.88M-395.48M-360.42M-408.22M-880.14M-624M-527M-607M-635M
Interest Income0000000000
Interest Expense306.15M302.88M395.48M360.42M408.22M880.14M624M527M607M635M
Other Income/Expense-417.49M-288.39M-357.83M-324.31M-456.12M-862.46M-599.23M-753.19M-637M-673M
Pretax Income+1.43B1.77B1.96B2.01B293.38M584.73M1.75B2.29B2.56B2.42B
Pretax Margin %0.03%0.03%0.03%0.03%0.01%0.01%0.03%0.03%0.03%0.03%
Income Tax+483.38M623.73M525.46M331.56M77.91M60.52M388M515.23M610M587M
Effective Tax Rate %0.66%0.65%0.73%0.83%0.73%0.9%0.78%0.77%0.76%0.76%
Net Income+949.62M1.14B1.43B1.67B215.47M524.21M1.36B1.77B1.96B1.83B
Net Margin %0.02%0.02%0.02%0.03%0%0.01%0.02%0.02%0.02%0.02%
Net Income Growth %0.38%0.2%0.25%0.17%-0.87%1.43%1.59%0.3%0.1%-0.06%
Net Income (Continuing)949.62M1.14B1.43B1.67B215.47M524.21M1.36B1.77B1.96B1.83B
Discontinued Operations0000000000
Minority Interest75.39M82.84M37.65M35.43M34.27M34.59M31.95M33M31M27M
EPS (Diluted)+1.642.082.703.200.421.022.643.473.893.73
EPS Growth %0.43%0.27%0.3%0.19%-0.87%1.43%1.59%0.31%0.12%-0.04%
EPS (Basic)1.662.102.743.240.421.032.663.493.903.74
Diluted Shares Outstanding577.39M548.55M529.09M523.38M514.03M513.56M514.01M509.72M503.1M489.83M
Basic Shares Outstanding573.06M543.5M522.93M516.89M510.12M510.7M510.63M507.36M501.24M488.14M
Dividend Payout Ratio0.74%0.61%0.5%0.46%3.97%1.75%0.71%0.56%0.52%0.55%

Balance Sheet

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Total Current Assets+10.05B8.03B8B8.14B12.35B10.73B10.48B10.61B11.04B11.97B
Cash & Short-Term Investments3.92B869.5M552.33M513.46M6.06B3.01B867.09M745M696M1.07B
Cash Only3.92B869.5M552.33M513.46M6.06B3.01B867.09M745M696M1.07B
Short-Term Investments0000000000
Accounts Receivable3.38B4.03B4.14B4.2B3B3.79B4.87B5.1B5.35B5.51B
Days Sales Outstanding24.526.5625.7225.5120.7126.9725.9224.3824.7524.7
Inventory2.64B3B3.13B3.22B3.1B3.7B4.44B4.48B4.68B5.05B
Days Inventory Outstanding23.3124.423.9424.126.2832.1628.7626.2226.5827.78
Other Current Assets0000000284M323M338M
Total Non-Current Assets+6.67B9.72B10.07B9.83B10.28B10.68B11.6B12.21B13.87B14.81B
Property, Plant & Equipment3.88B4.38B4.52B4.5B5.06B5.04B5.18B5.65B6.42B7.21B
Fixed Asset Turnover12.98x12.65x12.99x13.35x10.45x10.19x13.25x13.52x12.28x11.28x
Goodwill2.12B3.92B3.96B3.9B3.73B3.94B4.54B4.65B5.15B5.23B
Intangible Assets207.46M1.04B979.81M857.3M780.17M746.07M952.68M859M1.19B1.08B
Long-Term Investments000000000363M
Other Non-Current Assets251.02M249.8M526.33M489.02M511.1M602.01M550.15M640M668M420M
Total Assets+16.72B17.76B18.07B17.97B22.63B21.41B22.09B22.82B24.92B26.77B
Asset Turnover3.01x3.12x3.25x3.35x2.34x2.40x3.11x3.34x3.16x3.04x
Asset Growth %-0.07%0.06%0.02%-0.01%0.26%-0.05%0.03%0.03%0.09%0.07%
Total Current Liabilities+4.43B6.1B6.59B6.1B6.72B7.32B8.75B8.54B9.24B9.92B
Accounts Payable2.94B3.97B4.14B4.31B3.45B4.88B5.75B6.03B6.29B6.51B
Days Payables Outstanding25.9332.3431.6932.3329.2742.5137.2935.2635.7435.8
Short-Term Debt98.47M534.01M786.5M41.28M1.54B494.92M580.61M63M469M949M
Deferred Revenue (Current)0000000000
Other Current Liabilities0000000000
Current Ratio2.27x1.32x1.21x1.33x1.84x1.47x1.20x1.24x1.20x1.21x
Quick Ratio1.67x0.83x0.74x0.81x1.38x0.96x0.69x0.72x0.69x0.70x
Cash Conversion Cycle21.8818.6117.9717.2817.7216.6217.415.3415.5916.68
Total Non-Current Liabilities+8.73B9.2B8.94B9.33B14.72B12.51B11.92B12.24B13.79B15B
Long-Term Debt7.34B7.66B7.54B8.12B12.9B10.59B10.07B10.35B11.51B11.97B
Capital Lease Obligations0000523.5M634.48M636.42M656M838M1.44B
Deferred Tax Liabilities26.94M161.72M319.12M172.23M86.6M147.07M250.17M303M345M345M
Other Non-Current Liabilities1.37B1.37B1.08B1.03B1.2B1.14B967.91M932M1.09B1.25B
Total Liabilities13.17B15.29B15.53B15.43B21.44B19.83B20.67B20.78B23.03B24.92B
Total Debt+7.44B8.19B8.33B8.16B15.08B11.82B11.39B11.17B12.95B14.49B
Net Debt3.52B7.33B7.77B7.65B9.02B8.81B10.52B10.42B12.25B13.42B
Debt / Equity2.09x3.33x3.27x3.22x12.64x7.45x8.05x5.47x6.85x7.81x
Debt / EBITDA2.98x2.77x2.74x2.65x9.09x5.14x3.53x2.84x3.09x3.47x
Net Debt / EBITDA1.41x2.48x2.55x2.48x5.44x3.83x3.26x2.65x2.92x3.22x
Interest Coverage6.04x6.78x5.85x6.47x1.84x1.64x3.76x5.77x5.28x4.86x
Total Equity+3.55B2.46B2.54B2.54B1.19B1.59B1.41B2.04B1.89B1.86B
Equity Growth %-0.33%-0.31%0.03%-0%-0.53%0.33%-0.11%0.44%-0.07%-0.02%
Book Value per Share6.164.494.814.852.323.092.754.013.763.79
Total Shareholders' Equity3.48B2.38B2.51B2.5B1.16B1.55B1.38B2.01B1.86B1.83B
Common Stock765.17M765.17M765.17M765.17M765.17M765.17M765.17M765M765M765M
Retained Earnings9.01B9.45B10.35B11.23B10.56B10.15B10.54B11.31B12.26B13.06B
Treasury Stock-6.21B-7.9B-8.58B-9.35B-9.97B-9.84B-10.21B-10.63B-11.73B-12.88B
Accumulated OCI-1.36B-1.26B-1.41B-1.6B-1.71B-1.15B-1.48B-1.25B-1.34B-1.1B
Minority Interest75.39M82.84M37.65M35.43M34.27M34.59M31.95M33M31M27M

Cash Flow

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Cash from Operations+1.99B2.23B2.16B2.41B1.62B1.9B1.79B2.87B2.99B2.69B
Operating CF Margin %0.04%0.04%0.04%0.04%0.03%0.04%0.03%0.04%0.04%0.03%
Operating CF Growth %0.28%0.12%-0.03%0.12%-0.33%0.18%-0.06%0.6%0.04%-0.1%
Net Income949.62M1.14B1.43B1.67B215.47M524.21M1.36B1.77B1.96B1.83B
Depreciation & Amortization662.71M901.99M765.5M763.93M914.14M851.82M881M889M997M1.09B
Stock-Based Compensation79.47M83.88M93.84M104.9M42.23M95.81M122M96M104M93M
Deferred Taxes93.87M-51.85M187.91M-126.72M-191.32M-157.86M-64M-16M27M-13M
Other Non-Cash Items276.54M59.23M107.01M14.85M685.44M173.51M110M364M64M92M
Working Capital Changes-73.87M96.81M-429.64M-20.03M-47.3M416.35M-617M-235M-158M-399M
Change in Receivables-27.31M20.45M-37.46M-203.46M915.72M-662.35M-971M-271M-110M-206M
Change in Inventory66.94M-113.65M-89.74M-114.67M114.56M-551.4M-709M-22M-70M-330M
Change in Payables23.86M322.77M76.9M246.42M-834.12M1.46B810M196M104M143M
Cash from Investing+-769.1M-3.58B-910.41M-742.86M-756.31M-428.7M-1.88B-785M-1.96B-717M
Capital Expenditures-527.35M-686.38M-687.82M-692.39M-720.42M-470.68M-633M-793M-832M-906M
CapEx % of Revenue0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Acquisitions----------
Investments----------
Other Investing23.51M30.5M25.51M22.71M97.79M59.15M38M49M84M18M
Cash from Financing+-2.46B-1.68B-1.41B-1.84B4.72B-4.63B-1.99B-2.06B-1.04B-1.59B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-698.87M-698.65M-722.16M-775.43M-856.31M-917.56M-959M-996M-1.01B-1B
Share Repurchases----------
Other Financing230.47M172.31M-38.27M230.16M139.82M117.17M114M21M87M-22M
Net Change in Cash----------
Free Cash Flow+1.46B1.55B1.47B1.72B898.26M1.43B1.16B2.08B2.16B1.78B
FCF Margin %0.03%0.03%0.02%0.03%0.02%0.03%0.02%0.03%0.03%0.02%
FCF Growth %0.44%0.06%-0.05%0.17%-0.48%0.6%-0.19%0.79%0.04%-0.17%
FCF per Share2.532.822.773.281.752.792.254.074.293.64
FCF Conversion (FCF/Net Income)2.09x1.95x1.51x1.44x7.51x3.63x1.32x1.62x1.53x1.47x
Interest Paid200.17M285.02M301.67M346.67M325.31M877.51M498M511M557M629M
Taxes Paid180.56M761.38M268.38M531.1M376.61M103.55M450M444M564M640M

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)21.44%37.96%57.13%65.88%11.55%37.71%90.55%102.42%99.42%97.55%
Return on Invested Capital (ROIC)19.06%18.28%17.26%17.04%5.51%10.53%15.75%18.68%18.05%15.74%
Gross Margin17.95%19.07%18.88%18.98%18.72%18.24%17.95%18.28%18.53%18.4%
Net Margin1.89%2.06%2.44%2.79%0.41%1.02%1.98%2.32%2.48%2.25%
Debt / Equity2.09x3.33x3.27x3.22x12.64x7.45x8.05x5.47x6.85x7.81x
Interest Coverage6.04x6.78x5.85x6.47x1.84x1.64x3.76x5.77x5.28x4.86x
FCF Conversion2.09x1.95x1.51x1.44x7.51x3.63x1.32x1.62x1.53x1.47x
Revenue Growth3.46%9.94%6.06%2.36%-12.01%-3.02%33.8%11.2%3.3%3.2%

Revenue by Segment

2016201720182019202020212022202320242025
Fresh And Frozen Meats110.27B10.61B11.31B11.57B10.13B9.93B13.27B13.49B14.29B15.19B
Fresh And Frozen Meats1 Growth-3.24%6.67%2.28%-12.49%-1.91%33.60%1.66%5.97%6.23%
Canned And Dry Products18.4B8.7B9.77B9.94B8.67B8.15B11.96B14.35B14.9B14.64B
Canned And Dry Products1 Growth-3.49%12.33%1.77%-12.83%-5.99%46.83%19.98%3.83%-1.72%
Frozen Fruits, Vegetables, Bakery And Other16.72B8.44B9.03B8.98B7.83B7.52B9.65B11.36B12.06B12.29B
Frozen Fruits, Vegetables, Bakery And Other1 Growth-25.67%6.89%-0.53%-12.77%-4.03%28.39%17.78%6.13%1.87%
Dairy Products15.28B5.61B6.04B6.11B5.45B5.06B6.76B8.21B8.03B8.69B
Dairy Products1 Growth-6.31%7.62%1.26%-10.81%-7.26%33.66%21.45%-2.17%8.16%
Poultry15.39B5.87B5.98B5.85B5.24B5.55B7.69B7.75B7.69B8.14B
Poultry1 Growth-8.92%1.80%-2.21%-10.34%5.85%38.57%0.80%-0.85%5.85%
Fresh Produce14.16B4.7B4.93B5.07B4.5B4.29B5.71B6.68B6.83B6.63B
Fresh Produce1 Growth-13.10%4.85%2.77%-11.25%-4.68%33.25%16.99%2.15%-2.83%
Paper And Disposables13.56B3.6B3.84B3.96B3.66B4B5.09B5.44B5.39B5.5B
Paper And Disposables1 Growth-1.10%6.71%3.19%-7.67%9.36%27.18%7.02%-1.04%2.02%
Beverage Products11.85B2.06B1.97B2.31B1.96B1.77B2.16B2.56B2.79B2.99B
Beverage Products1 Growth-11.34%-4.57%17.50%-15.00%-9.98%22.19%18.49%9.15%6.95%
Seafood12.54B3.09B3.28B3.38B2.7B2.58B3.21B3.02B2.82B2.78B
Seafood1 Growth-21.57%6.18%3.10%-20.30%-4.22%24.51%-5.96%-6.68%-1.49%
Other Products------3.14B3.45B2.5B2.65B
Other Products Growth-------10.08%-27.59%5.96%
Equipment And Smallwares-794.09M------1.54B1.89B
Equipment And Smallwares Growth---------22.27%

Revenue by Geography

2016201720182019202020212022202320242025
U.S. Foodservice Operations-37.6B39.64B41.29B36.77B35.72B48.52B53.68B55.34B56.97B
U.S. Foodservice Operations Growth--5.42%4.15%-10.93%-2.85%35.82%10.64%3.08%2.94%
International Foodservice Operations-10.61B11.52B11.49B9.67B8.35B11.79B13.56B14.56B14.9B
International Foodservice Operations Growth--8.53%-0.22%-15.84%-13.66%41.16%15.03%7.39%2.36%
Sygma6.1B6.18B6.56B6.24B5.56B6.5B7.25B7.84B7.77B8.41B
Sygma Growth-1.25%6.12%-4.77%-11.02%16.97%11.50%8.24%-0.96%8.26%

Frequently Asked Questions

Valuation & Price

Sysco Corporation (SYY) has a price-to-earnings (P/E) ratio of 21.2x. This is roughly in line with market averages.

Growth & Financials

Sysco Corporation (SYY) reported $82.03B in revenue for fiscal year 2025. This represents a 94% increase from $42.38B in 2012.

Sysco Corporation (SYY) grew revenue by 3.2% over the past year. Growth has been modest.

Yes, Sysco Corporation (SYY) is profitable, generating $1.81B in net income for fiscal year 2025 (2.2% net margin).

Dividend & Returns

Yes, Sysco Corporation (SYY) pays a dividend with a yield of 2.58%. This makes it attractive for income-focused investors.

Sysco Corporation (SYY) has a return on equity (ROE) of 97.5%. This is excellent, indicating efficient use of shareholder capital.

Sysco Corporation (SYY) generated $1.78B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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