Performance Food Group Company PFGC

Consumer StaplesFood & Drug RetailingUnited States of America

Last close 100.84 USD on Nov 2, 2026, +12.1% year to date

Quant rating

Quant rating B Rank 45 of 124 in Consumer Staples

Growth A 12 of 124
Valuation B 42 of 124
Quality C 51 of 124
Revisions C 72 of 124
Momentum C 64 of 124

Wall Street consensus Buy (1.86)Average target 122.18 USD +21.2%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 15.9B
Enterprise value: 22.6B
52-week range: 80.82 – 117.43
3-year range: 59.63 – 117.43
Dividend yield: –
Beta (5 years): 0.89
Shares outstanding: 158M
Next earnings: Nov 4, 2026

About the company

Performance Food Group Company, through its subsidiaries, markets and distributes primarily national and Company-branded food and food-related products to customer locations across North America. The Company operates through three segments: Foodservice, Convenience, and Specialty. Its Foodservice segment distributes a line of national brands, customer brands, and its proprietary-branded food and food-related products to independent and multi-unit chain restaurants and other institutions. The Specialty segment specializes in distributing candy, snacks, beverages, and other items nationally to vending, office coffee service, theater, retail, hospitality, and other channels. The Convenience segment distributes candy, snacks, beverages, cigarettes, other tobacco products, food and foodservice related products, and other items to convenience stores across North America. It markets and distributes over 300,000 food and food-related products to customers across the United States.

Growth and profitability fiscal year ends June 30

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	67,840	63,299	58,281	57,255	50,894	–
Revenue growth	7.2%	8.6%	1.8%	12.5%	67.4%	17.4%
EPS (basic, normalized)	4.55	4.48	4.30	3.88	2.60	–
EPS growth	1.6%	4.2%	10.8%	49.2%	–	–
Gross margin	11.9%	11.7%	11.3%	10.9%	10.3%	11.2%
Net margin	0.5%	0.5%	0.7%	0.7%	0.2%	0.5%
ROE	7.7%	7.9%	11.1%	11.3%	4.2%	8.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	92.4
Current ratio	1.51x
Long-term debt (mil)	6,544
Net debt (mil)	6,717
Total equity (mil)	4,899
Net debt / equity	1.37x
Net debt / EBITDA	3.48x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	67,840	+7.2%	0.3x	1,929	+9.9%	11.7x	4.55	+1.6%	22.2x
2027	72,817	+7.3%	0.3x	2,214	+14.7%	10.2x	5.66	+24.4%	17.8x
2028	74,963	+2.9%	0.3x	2,418	+9.2%	9.4x	6.63	+17.1%	15.2x
2029	78,454	+4.7%	0.3x	2,637	+9.1%	8.6x	7.56	+14.1%	13.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	72,817	0.0%	+0.3%	+0.6%	5.66	−0.4%	−0.8%	−2.9%
2028	74,963	−0.1%	−0.1%	+0.3%	6.63	−0.4%	−3.1%	−2.5%
2029	78,454	−0.1%	−0.1%	−1.6%	7.56	−0.6%	−2.2%	+2.7%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	13,858	15,189	15,416	15,638	15,306	16,939	17,076	16,445	16,290	18,029
Sales mean (mil)	14,188	15,266	15,309	15,502	15,402	16,860	16,879	16,536	16,163	18,088
Surprise	−2.3%	−0.5%	+0.7%	+0.9%	−0.6%	+0.5%	+1.2%	−0.6%	+0.8%	−0.3%
EPS reported	0.80	1.45	1.16	0.98	0.79	1.55	1.18	0.98	0.80	1.59
EPS mean	0.84	1.37	1.22	1.05	0.87	1.45	1.21	1.09	0.78	1.60
Surprise	−5.2%	+6.0%	−4.6%	−6.7%	−9.2%	+6.8%	−2.6%	−10.2%	+2.9%	−0.7%

Peer comparison Food & Drug Retailing

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
PFGC Performance Food Group Company	15.9B	3.48x	0.5%	3.21x	17.8x	15.2x	10.2x	9.4x
WMT Walmart Inc.	1.01T	1.16x	3.1%	10.32x	44.3x	39.6x	21.6x	19.9x
SYY Sysco Corporation	40.2B	2.67x	2.1%	14.67x	16.2x	15.1x	10.8x	10.3x
KR Kroger Co	40.4B	1.86x	0.7%	6.98x	13.2x	12.5x	6.9x	6.8x
CASY Caseys General Stores Inc	24.7B	1.29x	4.1%	6.04x	31.3x	28.5x	16.4x	15.0x
USFD US Foods Holding Corp.	22.9B	2.77x	1.7%	5.35x	22.2x	19.1x	13.4x	12.3x
Mean		2.20x	2.0%	7.76x	24.2x	21.7x	13.2x	12.3x
Median		2.27x	1.9%	6.51x	20.0x	17.2x	12.1x	11.3x

Technical analysis

1M+7.4%
3M−11.8%
1Y+4.2%
3Y+69.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Performance Food Group Company, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	67,840	63,299	58,281	57,255	50,894	30,399
Cost of revenue	59,749	55,882	51,704	51,000	45,638	26,837
Gross profit	8,091	7,417	6,577	6,255	5,256	3,562
Selling, general & administrative expenses	223	228	222	222	2,454	1,583
Research & development	–	–	–	–	–	–
Depreciation/amortization	542	455	355	316	280	214
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	2.1	–	–	–	3.2	39.0
Other operating expenses	6,438	5,917	5,174	4,952	2,195	1,526
Operating income	885	816	826	766	324	201
Net interest income (expense)	−412	−358	−232	−218	−180	−152
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	12.0	0.9	2.6	−3.8	22.6	6.4
Net income before taxes	486	459	597	544	167	54.7
Provision for taxes	126	119	161	147	54.6	14.0
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	359	340	436	397	112	40.7
Extraordinary items	–	–	–	–	–	–
Net income	359	340	436	397	112	40.7
EBIT, normalized	1,062	912	844	782	364	254
EBITDA, normalized	1,875	1,630	1,406	1,284	831	593
Basic EPS, normalized	4.55	4.48	4.30	3.88	2.60	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Performance Food Group Company, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	92.4	78.5	20.0	12.7	11.6	11.1
Receivables	3,124	2,929	2,550	2,441	2,341	1,630
Total inventory	4,333	3,888	3,315	3,390	3,429	1,839
Prepaid expenses	260	240	268	228	240	100
Other current assets	0	0	0	0	0	0
Total current assets	7,809	7,135	6,153	6,072	6,022	3,580
Property, plant & equipment	5,683	5,392	3,664	2,968	2,758	2,028
Goodwill	3,565	3,480	2,418	2,301	2,279	1,355
Intangibles	1,545	1,688	971	1,028	1,196	796
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	247	185	186	130	123	85.9
Total assets	18,849	17,881	13,393	12,499	12,378	7,846
Liabilities
Accounts payable	3,693	3,165	2,594	2,454	2,560	1,776
Payable/accrued	–	–	–	–	–	–
Accrued expenses	1,200	1,130	1,016	997	994	702
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	265	222	147	103	79.9	48.7
Other current liabilities	0	0	0	0	0	0
Total current liabilities	5,159	4,518	3,758	3,553	3,633	2,527
Long-term debt	6,544	6,769	3,902	3,907	4,276	2,496
Minority interest	–	–	–	–	–	–
Other liabilities	2,247	2,122	1,606	1,293	1,170	717
Total liabilities	13,950	13,409	9,266	8,754	9,078	5,740
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	1.6	1.5	1.5	1.5	1.5	1.3
Additional paid-in capital	2,899	2,831	2,818	2,863	2,817	1,753
Retained earnings (accumulated deficit)	2,002	1,643	1,303	867	470	357
Treasury stock	–	–	–	–	–	–
Other equity	−3.7	−3.2	4.0	14.0	11.4	−5.3
Total equity	4,899	4,472	4,127	3,746	3,300	2,106
Total liabilities & shareholders' equity	18,849	17,881	13,393	12,499	12,378	7,846

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Performance Food Group Company, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	359	340	436	397	112	40.7
Depreciation, depletion & amortization	814	718	557	497	463	339
Deferred taxes	92.0	−0.2	10.7	20.0	4.8	21.2
Non-cash items	190	173	129	127	184	18.0
Changes in working capital	−41.8	−20.7	30.8	−209	−488	−354
Cash from operations	1,414	1,210	1,163	832	276	64.6
Investing activities
Capital expenditures	−394	−506	−396	−270	−216	−189
Other investing cash flows	−379	−2,583	−287	−24.9	−1,646	−11.0
Cash from investing	−772	−3,089	−683	−295	−1,862	−200
Financing activities
Financing cash flow items	−41.0	−54.5	−21.8	−12.9	−43.4	−142
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−584	1,992	−451	−523	1,625	−133
Cash from financing	−625	1,938	−473	−536	1,582	−274
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	16.4	59.0	7.7	1.3	−3.5	−410
Free cash flow	1,020	704	767	562	61.0	−124

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.