Sysco (SYY)
Consumer Staples · $38.6B market cap · SEC CIK 0000096021
fundamentals score out of 100
Next reports on Oct 26, 2026, with analysts expecting $1.20 in earnings per share.
The case for SYY
- Earns 75% on shareholder equity, a figure flattered by a small equity base.
- Pays a 2.8% dividend while you wait.
- Has compounded revenue at 10.5% a year over five years.
- Moves less than the market (beta 0.68).
- Price/sales of 0.5× is lower than 91% of Consumer Staples companies.
The case against
- Heavily leveraged. Debt is 5.1× equity.
- Net margin of 2.1% leaves very little room for error.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Consumer Staples companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 55 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 60 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 49 |
| Momentumhow the price has behaved lately | 44 |
| Stabilityhow violently it moves, what it owes and what it pays you | 37 |
- Each factor except momentum is half fixed thresholds, half rank among the 36 Consumer Staples companies.
Key numbers
| Price / earnings | 22.0× |
|---|---|
| Price / book | 14.96× |
| Price / sales | 0.5× |
| Revenue growth (YoY) | +3.9% |
| EPS growth (YoY) | -2.1% |
| Gross margin | 19% |
| Operating margin | 4% |
| Net margin | 2% |
| Return on equity | 75% |
| Debt / equity | 5.07× |
| Current ratio | 1.28 |
| Dividend yield | 2.77% |
| Beta | 0.68 |
| 52-week range | $68.19 – $91.85 |
| Position in that range | 44% of the way up |
| 3-month return | -0.3% |
| 1-year return | -4.8% |
Five years of financials, as filed
Pulled from Sysco's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $84.6B | $81.4B | $76.3B | $68.6B | $51.3B |
| Gross profit | $15.6B | $15.0B | $14.0B | $12.3B | $9.4B |
| Operating income | $3.1B | $3.1B | $3.0B | $2.3B | $1.4B |
| Net income | $1.8B | $1.8B | $1.8B | $1.4B | $524M |
| Operating cash flow | $2.6B | $2.5B | $2.9B | $1.8B | $1.9B |
| Capital expenditure | $700M | $906M | $793M | $633M | $471M |
| Total assets | $27.2B | $25.3B | $24.7B | $22.1B | $21.4B |
| Shareholder equity | $2.3B | $2.0B | $2.4B | $1.4B | $1.2B |
| Cash | $1.2B | $793M | $962M | $500M | $1.4B |
| Free cash flow | $1.9B | $1.6B | $2.1B | $1.2B | $1.4B |
| Gross margin | 18.5% | 18.4% | 18.3% | 17.9% | 18.2% |
| Operating margin | 3.7% | 3.8% | 4.0% | 3.4% | 2.8% |
| Net margin | 2.1% | 2.2% | 2.3% | 2.0% | 1.0% |
| Diluted shares | 481M | 490M | 510M | 514M | 514M |
Share count is down 6.4% over 4 years. Buybacks have been shrinking the pie.
What Sysco says it does
Information about our Executive Officers" of this Form 10-K. Insider Trading Arrangements and Procedures The company has adopted the Securities Trading Policy (the Trading Policy) reasonably designed to promote compliance with insider trading laws, rules and regulations, and any listing standards applicable to the company. The Trading Policy applies to all directors, officers and employees of the company (including its subsidiaries), and other covered persons. A copy of the Trading Policy is filed as Exhibit 19.1 to this Form 10-K. Item 11. Executive Compensation The information required by this item will be included in our proxy statement for the 2026 Annual Meeting of Stockholders and is incorporated herein by reference. Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters The information required by this item will be included in our proxy statement for the 2026 Annual Meeting of…
Risk factors SYY lists in its 10-K
- Industry and General Economic Risks
- Our industry is characterized by low margins, and periods of significant or prolonged inflation or deflation affect our product costs and may negatively impact our profitability and results of operations
- A shortage of qualified labor and increases in labor costs could adversely affect our business and materially reduce earnings
- Global health developments and economic uncertainty resulting from global public health crises may adversely affect our business, financial condition and results of operations
- Unfavorable macroeconomic conditions, as well as unfavorable conditions in particular local markets, may adversely affect our results of operations and financial condition
- Economic and political instability and changes in laws and regulations could adversely affect our results of operations and financial condition
- Competition and the impact of GPOs may reduce our margins and make it difficult for us to maintain our market share, growth rate and profitability
- Adverse publicity about us or lack of confidence in our products could negatively impact our reputation and reduce earnings
- Our relationships with long-term customers may be materially diminished or terminated, which could adversely affect our business, financial condition and results of operations
- Our anticipated change to the mix of locally managed customers versus multi-unit customers could reduce our gross and operating margins
- Changes in consumer eating habits could materially and adversely affect our business, financial condition, and results of operations
- Expanding into new markets and complementary lines of business presents unique challenges and may not be successful, and failure to successfully expand may adversely affect the implementation of our business strategy
- Changes in applicable tax laws or regulations and the resolution of tax disputes could negatively affect our financial results
- If our products are alleged to have caused injury, illness, or death, or to have failed to comply with governmental regulations, we may need to recall or withdraw our products and may experience product liability claims