Latest Ratios: P/E Ratio 21.5x · EV/EBITDA 17.0x · ROE 77.7%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $37.6B | $39.8B | $36.7B | $35.9B | $37.8B | $44.4B | $39.3B | $26.9B | $37.0B | $36.1B | $27.6B |
| Enterprise Value | $50.8B | $53.0B | $50.2B | $48.2B | $48.2B | $54.9B | $48.1B | $35.9B | $44.7B | $43.9B | $34.9B |
| P/E Ratio → | 21.49 | 22.63 | 20.11 | 18.35 | 21.38 | 32.70 | 75.09 | 124.52 | 22.10 | 25.29 | 24.20 |
| P/S Ratio | 0.44 | 0.47 | 0.45 | 0.46 | 0.50 | 0.65 | 0.77 | 0.51 | 0.62 | 0.62 | 0.50 |
| P/B Ratio | 14.18 | 14.93 | 19.79 | 18.99 | 18.52 | 31.37 | 24.78 | 22.54 | 14.58 | 14.20 | 11.20 |
| P/FCF | 19.41 | 20.54 | 22.91 | 16.65 | 18.23 | 38.32 | 27.44 | 29.93 | 21.53 | 24.62 | 17.86 |
| P/OCF | 14.26 | 15.09 | 14.64 | 12.02 | 13.19 | 24.77 | 20.66 | 16.61 | 15.35 | 16.76 | 12.37 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.63 | 0.62 | 0.61 | 0.63 | 0.80 | 0.94 | 0.68 | 0.74 | 0.75 | 0.63 |
| EV / EBITDA | 16.97 | 17.70 | 12.02 | 11.47 | 12.28 | 17.01 | 20.94 | 21.58 | 14.44 | 14.26 | 11.82 |
| EV / EBIT | 16.41 | 17.70 | 16.45 | 15.18 | 17.16 | 23.15 | 32.87 | 51.17 | 18.88 | 18.67 | 16.88 |
| EV / FCF | — | 27.34 | 31.27 | 22.33 | 23.25 | 47.40 | 33.59 | 39.97 | 25.98 | 29.92 | 22.59 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.5% | 18.5% | 18.4% | 18.5% | 18.3% | 17.9% | 18.2% | 18.7% | 19.0% | 18.9% | 19.1% |
| Operating Margin | 3.7% | 3.7% | 3.8% | 4.1% | 4.0% | 3.4% | 2.8% | 1.4% | 3.9% | 3.9% | 3.7% |
| Net Profit Margin | 2.1% | 2.1% | 2.2% | 2.5% | 2.3% | 2.0% | 1.0% | 0.4% | 2.8% | 2.4% | 2.1% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 77.7% | 77.7% | 97.5% | 99.4% | 102.4% | 90.5% | 37.7% | 11.6% | 65.9% | 57.1% | 38.0% |
| ROA | 6.4% | 6.4% | 7.1% | 8.2% | 7.9% | 6.2% | 2.4% | 1.1% | 9.3% | 8.0% | 6.6% |
| ROIC | 14.9% | 14.9% | 15.7% | 18.1% | 18.7% | 15.8% | 10.5% | 5.5% | 17.0% | 17.3% | 18.3% |
| ROCE | 17.8% | 17.8% | 19.0% | 21.4% | 22.0% | 17.1% | 9.6% | 5.4% | 20.0% | 20.0% | 17.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.61 | 5.61 | 7.81 | 6.85 | 5.47 | 8.05 | 7.45 | 12.64 | 3.22 | 3.27 | 3.33 |
| Debt / EBITDA | 5.00 | 5.00 | 3.47 | 3.08 | 2.84 | 3.53 | 5.14 | 9.06 | 2.64 | 2.70 | 2.77 |
| Net Debt / Equity | — | 4.94 | 7.23 | 6.48 | 5.10 | 7.44 | 5.55 | 7.56 | 3.01 | 3.06 | 2.97 |
| Net Debt / EBITDA | 4.40 | 4.40 | 3.22 | 2.92 | 2.65 | 3.26 | 3.83 | 5.42 | 2.47 | 2.52 | 2.48 |
| Debt / FCF | — | 6.80 | 8.37 | 5.68 | 5.02 | 9.09 | 6.15 | 10.04 | 4.45 | 5.30 | 4.74 |
| Interest Coverage | 4.17 | 4.17 | 4.80 | 5.23 | 5.34 | 3.80 | 1.66 | 1.72 | 6.57 | 5.95 | 6.83 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.28 | 1.28 | 1.21 | 1.20 | 1.24 | 1.20 | 1.47 | 1.84 | 1.33 | 1.21 | 1.32 |
| Quick Ratio | 0.77 | 0.77 | 0.70 | 0.69 | 0.72 | 0.69 | 0.96 | 1.38 | 0.81 | 0.74 | 0.83 |
| Cash Ratio | 0.17 | 0.17 | 0.11 | 0.08 | 0.09 | 0.10 | 0.41 | 0.90 | 0.08 | 0.08 | 0.14 |
| Asset Turnover | — | 2.98 | 3.04 | 3.16 | 3.34 | 3.11 | 2.40 | 2.34 | 3.35 | 3.25 | 3.12 |
| Inventory Turnover | 12.91 | 12.91 | 13.14 | 13.73 | 13.92 | 12.69 | 11.35 | 13.89 | 15.14 | 15.24 | 14.96 |
| Days Sales Outstanding | — | 25.32 | 24.70 | 24.75 | 24.38 | 25.92 | 26.97 | 20.71 | 25.51 | 25.72 | 26.56 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.7% | 2.6% | 2.7% | 2.8% | 2.6% | 2.2% | 2.3% | 3.2% | 2.1% | 2.0% | 2.5% |
| Payout Ratio | 59.0% | 59.0% | 54.7% | 51.6% | 56.3% | 70.6% | 175.0% | 397.4% | 46.3% | 50.5% | 61.2% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.7% | 4.4% | 5.0% | 5.4% | 4.7% | 3.1% | 1.3% | 0.8% | 4.5% | 4.0% | 4.1% |
| FCF Yield | 5.2% | 4.9% | 4.4% | 6.0% | 5.5% | 2.6% | 3.6% | 3.3% | 4.6% | 4.1% | 5.6% |
| Buyback Yield | 0.5% | 0.5% | 3.4% | 3.4% | 1.3% | 1.1% | 0.0% | 3.1% | 2.8% | 2.7% | 6.8% |
| Total Shareholder Yield | 3.3% | 3.1% | 6.1% | 6.2% | 4.0% | 3.3% | 2.3% | 6.3% | 4.9% | 4.7% | 9.4% |
| Shares Outstanding | — | $481M | $490M | $503M | $510M | $514M | $514M | $514M | $523M | $529M | $549M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SYY stock.
Sysco Corporation's current P/E ratio is 21.5x. The historical average is 28.5x. This places it at the 37th percentile of its historical range.
Sysco Corporation's current EV/EBITDA is 17.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.7x.
Sysco Corporation's return on equity (ROE) is 77.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 40.9%.
Based on historical data, Sysco Corporation is trading at a P/E of 21.5x. This is at the 37th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Sysco Corporation's current dividend yield is 2.74% with a payout ratio of 59.0%.
Sysco Corporation has 18.5% gross margin and 3.7% operating margin.
Sysco Corporation's Debt/EBITDA ratio is 5.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Elevated leverage constraining flexibility
Metrics are mathematically derived from official filings.
Premium Valuation vs. Peers
Sysco trades at a significant premium to its direct food distribution peers, with a forward P/E of 17.87 and EV/EBITDA of 11.34, suggesting the market is pricing in superior stability and margin resilience that has yet to fully materialize in recent results.
The forward P/E of 17.87 is notably higher than US Foods' trailing P/E of 36.49 but appears elevated given Sysco's recent operating margin compression to 3.0% in 2026Q3. The PEG ratio of 0.77 implies the market expects earnings growth to accelerate, which is inconsistent with the stable-to-decelerating revenue growth trend observed over the past ten quarters. This valuation gap suggests investors are paying a premium for Sysco's perceived scale advantages and dividend yield, but the recent EPS miss indicates execution risk that could pressure multiples if profitability does not recover.
Margin Compression Undermines Earning Power
Operating margins have compressed from 4.7% in 2024Q4 to 3.0% in 2026Q3, indicating that cost inflation is outpacing pricing power and eroding the company's core earning power despite stable gross margins.
The gross margin has remained remarkably stable within an 80 basis point range, demonstrating effective pass-through pricing in a volatile commodity environment. However, the operating margin decline suggests that SG&A and distribution costs are not scaling efficiently, limiting operating leverage. The net margin of 1.7% in 2026Q3 leaves minimal buffer for operational errors, and the recent EPS miss of $1.15 versus the $1.19 estimate confirms that profitability is more fragile than the stable revenue growth implies.
Declining Returns on Invested Capital
Return on Invested Capital (ROIC) has declined from 5.1% in 2024Q4 to 2.8% in 2026Q3, indicating that the company's capital base is generating progressively lower returns, driven by margin compression rather than asset efficiency.
The ROIC trend is concerning because it has fallen below the company's estimated cost of capital, suggesting value destruction on incremental investments. This decline is primarily driven by the operating margin compression, as asset turnover has remained relatively stable around 0.74-0.83. The high ROE of 22.2% in 2026Q4 is misleadingly strong because it is amplified by the high leverage (D/E of 5.61), masking the underlying weakness in operational returns.
High Leverage Amidst Margin Pressure
With a Debt-to-Equity ratio of 5.61 and interest coverage of 4.53x, Sysco's leverage is substantially higher than its primary peer US Foods (D/E of 1.33), creating a capital structure that limits financial flexibility and increases sensitivity to interest rate movements.
The interest coverage ratio of 4.53x in 2026Q4 is adequate but has declined from 5.87x in 2024Q4, indicating that debt service is becoming less comfortable as operating income growth lags behind interest expense. The high leverage is particularly concerning given the operating margin compression, as it reduces the company's ability to invest in growth initiatives or weather a downturn in the foodservice industry. The D/E ratio of 5.61 also suggests limited capacity for additional debt-funded acquisitions without potentially triggering covenant concerns.
Adequate but Volatile Liquidity Position
The current ratio of 1.28 and quick ratio of 0.77 indicate an adequate but not robust liquidity position that is highly sensitive to working capital timing, as evidenced by the significant quarterly swings in free cash flow margin.
The quick ratio below 1.0 suggests that the company relies on inventory sales to meet short-term obligations, which is typical for a distributor but creates vulnerability if demand weakens. The current ratio has fluctuated between 1.15 and 1.34 over the past ten quarters, indicating that liquidity is managed tightly and could deteriorate quickly under stress. The negative free cash flow margins in 2026Q1 and 2025Q1 highlight the volatility in cash generation, which is driven by seasonal working capital swings rather than operational performance.
The Misleading Power of ROE
Return on Equity (ROE) is the ratio most commonly misapplied to Sysco, as the high leverage amplifies this metric to 22.2%, obscuring the underlying weakness in operational returns and creating a false impression of superior profitability.
Analysts often cite Sysco's high ROE as evidence of efficient capital deployment, but this metric is heavily distorted by the company's capital structure. The ROE of 22.2% in 2026Q4 is more than double the ROIC of 4.6%, indicating that the majority of the return is generated by financial leverage rather than operational efficiency. A more appropriate metric for evaluating Sysco's true earning power is ROIC, which has declined to 2.8% and suggests the company is not generating returns above its cost of capital. Investors should focus on operating margin trends and asset turnover rather than ROE when assessing Sysco's fundamental performance.