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US Foods Holding Corp.
🏹 Trader: 🎯 Near 52W High View all →
$21.8B
Market Cap
26.0
P/E
1.10
PEG
9.4%
ROCE
15.3%
ROE
1.33
D/E
3.2%
OPM
-14.1%
% from 52W High
66
α RS
🔍 USFD is showing a high-conviction setup because it matches 4 of 39 tracked screener presets, RS Rating is 66, and an ECS of 58.1 last quarter. Net: Broad signal stack, not a recommendation. ? Conviction RS Rating ECS
Sources
Conviction 4/39 · RS Rating 66 · ECS 58.1
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Ratio Health
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About

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company also provides MOXe, an all-in-one foodservice business application. Its customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations. The company was formerly known as USF Holding Corp. and changed its name to US Foods Holding Corp. in February 2016. US Foods Holding Corp. was incorporated in 2007 and is headquartered in Rosemont, Illinois.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$10.5B
+4.5% YoY
Net Income
$275M
+22.8% YoY
Net Income Margin
2.6%
+39bp YoY
Adjusted EBITDA
$604M
+10.2% YoY
Adjusted Diluted EPS
$1.44
+21.0% YoY
What Went Right
  • Independent restaurant case volume accelerated to 5.1%, the strongest since Q4 2023 and the 21st consecutive quarter of share gains.
  • Record adjusted EBITDA of $604M, up 10.2%, and record adjusted EBITDA margin of 5.7%, up 29bp.
  • Pronto momentum continues: 2026 sales estimated at ~$1.3B and 2027 sales estimate raised to >$1.7B from $1.5B.
What to Watch
  • Industry foot traffic remains pressured; chain restaurant case volume declined 1.5%, though 30bp better than industry traffic.
  • Fuel costs drove roughly one-third of the increase in adjusted operating expenses, partially offset by better-than-typical fuel surcharge recovery.
  • Sales compensation transition is expected to keep selling costs elevated for the next couple of quarters as the company hired ahead of potential turnover.
Management Guidance
  • FY2026 net sales growth reaffirmed at 4%-6%.
  • FY2026 adjusted EBITDA growth reaffirmed at 9%-13%.
  • FY2026 adjusted diluted EPS growth reaffirmed at 18%-24%.
  • Total case volume growth guided at 2.5%-4.5%, with the 53rd week adding roughly 1% to total case and adjusted EBITDA growth.
Investor Lens
The investment thesis is stronger after this call. US Foods delivered record margin, accelerating independent restaurant share gains, and strong double-digit EPS growth while raising Pronto's 2027 outlook. Disciplined cash generation funded $374M of buybacks in the quarter and kept net leverage at 2.6x. Management remains confident in its long-range plan despite macro uncertainty around traffic, inflation, and fuel costs.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Record EBITDA and 5.1% independent case growth mark strong Q2.
Revenue
Revenue increased 4.5% to $10.5B, driven by total case volume growth of 1.9% and inflation/mix of 2.6%. Independent restaurants grew 5.1%, healthcare 3.5%, and hospitality 4.4%, while chain volume declined 1.5%.
Profitability
Net income rose 22.8% to $275M. Adjusted EBITDA grew 10.2% to a record $604M, and adjusted diluted EPS grew 21.0% to $1.44, outpacing adjusted EBITDA growth.
Margins
Adjusted EBITDA margin expanded 29bp to a record 5.7%. Adjusted gross profit per case rose 5% ($0.41), while adjusted operating expenses per case rose 3.7% ($0.21), driving adjusted EBITDA per case up 8.3% to $2.73.
Balance Sheet
Year-to-date operating cash flow was $725M and capital expenditures were $174M. The company repurchased $374M of shares in Q2, ending with net debt of $5.2B and net leverage of 2.6x; the ABL was refinanced to $2.5B with no long-term maturities until 2028.
Key Risks
Management cited continued pressure on restaurant industry foot traffic, chain volume declines, fuel price volatility, and uncertainty around inflation and macro conditions. The sales compensation transition also brings near-term elevated selling costs and an 8% increase in seller headcount.
Outlook
FY2026 guidance was reaffirmed: net sales growth of 4%-6%, adjusted EBITDA growth of 9%-13%, adjusted EPS growth of 18%-24%, and total case volume growth of 2.5%-4.5%, with the 53rd week adding about 1%. Fuel price assumptions are based on current levels.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-06
Record adjusted EBITDA and margin were achieved, with double-digit adjusted EPS growth and strong independent restaurant case growth. Robust cash flow enabled significant share repurchases and investments in AI and technology, supporting continued market share gains and reaffirmed guidance for 2026.
Q1 2026 Q1 2026 2026-05-07
Q1 saw strong adjusted EPS and EBITDA growth despite severe weather and fuel headwinds, with continued market share gains in independent restaurants, healthcare, and hospitality. Guidance for 2026 is reaffirmed, with growth expected to be at the lower end if macro and fuel pressures persist.
Q4 2025 Q4 2025 2026-02-12
Adjusted EBITDA and EPS grew double digits in 2025, with record margins and strong cash flow. Market share gains in key segments, productivity initiatives, and technology investments drove results. 2026 guidance calls for continued growth despite macro and weather headwinds.
Q3 2025 Q3 2025 2025-11-06
Q3 and year-to-date results showed strong sales, margin expansion, and double-digit EPS growth, with continued share gains in independents, healthcare, and hospitality. Guidance was tightened for case volume but raised for EPS, and major investments in Pronto and salesforce compensation are expected to drive future growth.
Q2 2025 Q2 2025 2025-08-07
Record Q2 results with 12% adjusted EBITDA growth and 28% EPS increase, driven by margin expansion, market share gains, and disciplined cost management. Raised 2025 guidance for EBITDA and EPS, accelerated share repurchases, and advanced automation and digital initiatives.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
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