United Natural Foods, Inc. (UNFI) Financial Ratios
29 years of historical data (1997–2025) · Consumer Defensive · Food Distribution
EV/EBITDA
↑
22.54
↑+97% vs avg
5yr avg: 11.45
30Y Low6.3·High25.9
P/FCF
↑
13.09
+5% vs avg
5yr avg: 12.49
30Y Low3.8·High132.9
P/B Ratio
↓
2.00
↑+97% vs avg
5yr avg: 1.02
30Y Low0.3·High4.7
ROE
↓
-7.4%
↑-372% vs avg
5yr avg: 2.7%
30Y Low-21%·High16%
Debt/EBITDA
↑
11.90
↑+49% vs avg
5yr avg: 7.99
30Y Low0.6·High11.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
UNFI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
United Natural Foods, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 13.1x P/FCF, roughly in line with the 5-year average of 12.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.1B | $1.6B | $919M | $1.3B | $2.6B | $2.0B | $1.1B | $505M | $1.6B | $2.0B | $2.5B |
| Enterprise Value | $6.5B | $5.0B | $4.4B | $4.5B | $5.9B | $5.4B | $4.7B | $3.5B | $2.0B | $2.3B | $3.1B |
| P/E Ratio → | -26.38 | — | — | 52.00 | 10.44 | 13.35 | — | — | 9.88 | 15.05 | 19.99 |
| P/S Ratio | 0.10 | 0.05 | 0.03 | 0.04 | 0.09 | 0.07 | 0.04 | 0.02 | 0.16 | 0.21 | 0.30 |
| P/B Ratio | 2.00 | 1.05 | 0.56 | 0.72 | 1.45 | 1.31 | 0.93 | 0.33 | 0.89 | 1.16 | 1.66 |
| P/FCF | 13.09 | 6.80 | — | 4.19 | 32.41 | 6.54 | 3.76 | 9.01 | 25.24 | 8.71 | 9.87 |
| P/OCF | 6.66 | 3.46 | 3.63 | 2.02 | 7.83 | 3.24 | 2.34 | 1.77 | 14.95 | 6.97 | 8.49 |
P/E links to full P/E history page with 30-year chart
UNFI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
United Natural Foods, Inc.'s enterprise value stands at 22.5x EBITDA, 97% above its 5-year average of 11.5x. The Consumer Defensive sector median is 11.0x, placing the stock at a 105% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.16 | 0.14 | 0.15 | 0.21 | 0.20 | 0.18 | 0.16 | 0.19 | 0.25 | 0.37 |
| EV / EBITDA | 22.54 | 17.36 | 13.54 | 10.59 | 8.38 | 7.40 | 7.04 | 7.94 | 6.29 | 7.48 | 10.51 |
| EV / EBIT | — | 28.44 | 491.91 | 32.08 | 13.27 | 17.22 | — | — | 8.61 | 10.05 | 13.37 |
| EV / FCF | — | 21.06 | — | 14.92 | 74.14 | 17.68 | 16.48 | 62.47 | 30.43 | 10.36 | 12.15 |
UNFI Profitability
Margins and return-on-capital ratios measuring operating efficiency
United Natural Foods, Inc. earns an operating margin of -0.1%, below the Consumer Defensive sector average of 3.5%. A negative ROE of -7.4% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.3% | 13.3% | 13.6% | 13.6% | 14.5% | 14.6% | 14.6% | 13.0% | 14.9% | 15.4% | 15.1% |
| Operating Margin | -0.1% | -0.1% | 0.0% | 0.4% | 1.5% | 1.6% | 1.4% | 0.9% | 2.2% | 2.4% | 2.6% |
| Net Profit Margin | -0.4% | -0.4% | -0.4% | 0.1% | 0.9% | 0.6% | -1.0% | -1.6% | 1.6% | 1.4% | 1.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.4% | -7.4% | -6.6% | 1.4% | 15.0% | 11.2% | -19.1% | -20.9% | 9.4% | 8.1% | 8.7% |
| ROA | -1.6% | -1.6% | -1.5% | 0.3% | 3.3% | 2.0% | -3.4% | -6.9% | 5.7% | 4.5% | 4.7% |
| ROIC | -0.5% | -0.5% | 0.1% | 1.8% | 6.3% | 6.8% | 6.1% | 4.3% | 8.0% | 8.2% | 8.4% |
| ROCE | -0.6% | -0.6% | 0.2% | 2.4% | 8.3% | 8.6% | 7.3% | 5.2% | 10.2% | 10.2% | 10.5% |
UNFI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
United Natural Foods, Inc. carries a Debt/EBITDA ratio of 11.9x, which is highly leveraged (240% above the sector average of 3.5x). Net debt stands at $3.4B ($3.5B total debt minus $44M cash). Interest coverage of just 1.1x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.22 | 2.22 | 2.16 | 1.87 | 1.89 | 2.26 | 3.20 | 2.01 | 0.20 | 0.23 | 0.39 |
| Debt / EBITDA | 11.90 | 11.90 | 10.85 | 7.70 | 4.78 | 4.72 | 5.50 | 6.89 | 1.15 | 1.24 | 2.03 |
| Net Debt / Equity | — | 2.19 | 2.14 | 1.85 | 1.86 | 2.24 | 3.16 | 1.98 | 0.18 | 0.22 | 0.38 |
| Net Debt / EBITDA | 11.75 | 11.75 | 10.73 | 7.61 | 4.71 | 4.66 | 5.43 | 6.80 | 1.07 | 1.19 | 1.97 |
| Debt / FCF | — | 14.26 | — | 10.72 | 41.73 | 11.14 | 12.72 | 53.47 | 5.19 | 1.65 | 2.28 |
| Interest Coverage | 1.15 | 1.15 | 0.05 | 0.90 | 3.96 | 1.53 | -1.04 | -0.88 | 13.92 | 13.53 | 14.26 |
UNFI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.32x means United Natural Foods, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.51x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.44x to 1.32x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.32 | 1.32 | 1.44 | 1.44 | 1.57 | 1.43 | 1.56 | 1.69 | 2.56 | 2.36 | 2.60 |
| Quick Ratio | 0.51 | 0.51 | 0.52 | 0.49 | 0.60 | 0.52 | 0.60 | 0.70 | 0.93 | 0.90 | 0.95 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 |
| Asset Turnover | — | 4.18 | 4.12 | 4.09 | 3.79 | 3.58 | 3.49 | 2.98 | 3.45 | 3.21 | 2.97 |
| Inventory Turnover | 13.16 | 13.16 | 12.29 | 11.41 | 10.51 | 10.24 | 9.93 | 8.90 | 7.66 | 7.60 | 7.04 |
| Days Sales Outstanding | — | 12.55 | 11.23 | 10.72 | 15.32 | 14.94 | 15.16 | 17.81 | 20.69 | 20.69 | 21.10 |
UNFI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
United Natural Foods, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 1.9% | 9.6% | 7.5% | — | — | 10.1% | 6.6% | 5.0% |
| FCF Yield | 7.6% | 14.7% | — | 23.8% | 3.1% | 15.3% | 26.6% | 11.1% | 4.0% | 11.5% | 10.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 4.9% | 0.0% | 0.0% | 0.0% | 0.0% | 1.5% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 4.9% | 0.0% | 0.0% | 0.0% | 0.0% | 1.5% | 0.0% | 0.0% |
| Shares Outstanding | — | $60M | $59M | $61M | $61M | $60M | $54M | $51M | $51M | $51M | $50M |
Peer Comparison
Compare UNFI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 UNFIYou | $3B | -26.4 | 22.5 | 13.1 | 13.3% | -0.1% | -7.4% | -0.5% | 11.9 |
 SYY | $38B | 21.1 | 12.2 | 21.2 | 18.4% | 3.8% | 97.5% | 15.7% | 3.5 |
 PFGC | $16B | 47.5 | 15.8 | 23.1 | 11.7% | 1.3% | 7.9% | 5.7% | 5.2 |
 USFD | $20B | 31.3 | 15.3 | 21.1 | 17.4% | 3.1% | 15.3% | 9.3% | 3.4 |
 CHEF | $4B | 56.8 | 21.4 | 44.3 | 24.2% | 3.7% | 12.7% | 7.7% | 5.1 |
 KR | $35B | 36.8 | 9.7 | 10.4 | 23.3% | 1.3% | 14.3% | 5.0% | 4.2 |
 ACI | $7B | 8.2 | 5.1 | 9.2 | 27.7% | 1.9% | 31.3% | 6.8% | 3.5 |
 WMK | $2B | 21.0 | 8.6 | 393.6 | 22.7% | 2.1% | 6.7% | 5.4% | 0.8 |
 VLGEA | $603M | 10.7 | 7.7 | 17.5 | 28.6% | 3.1% | 12.0% | 7.6% | 3.1 |
 NGVC | $694M | 15.1 | 10.8 | 28.8 | 29.9% | 4.7% | 24.0% | 8.9% | 3.5 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 29 years · Updated daily
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UNFI — Frequently Asked Questions
Quick answers to the most common questions about buying UNFI stock.
What is United Natural Foods, Inc.'s P/E ratio?
United Natural Foods, Inc.'s current P/E ratio is -26.4x. The historical average is 25.1x.
What is United Natural Foods, Inc.'s EV/EBITDA?
United Natural Foods, Inc.'s current EV/EBITDA is 22.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.2x.
What is United Natural Foods, Inc.'s ROE?
United Natural Foods, Inc.'s return on equity (ROE) is -7.4%. The historical average is 7.5%.
Is UNFI stock overvalued?
Based on historical data, United Natural Foods, Inc. is trading at a P/E of -26.4x. Compare with industry peers and growth rates for a complete picture.
What are United Natural Foods, Inc.'s profit margins?
United Natural Foods, Inc. has 13.3% gross margin and -0.1% operating margin.
How much debt does United Natural Foods, Inc. have?
United Natural Foods, Inc.'s Debt/EBITDA ratio is 11.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.