CHEFChefs' Warehouse, Inc.
Wholesale-Groceries, General Line
- Revenue
- $4.1B
- 9.4% YoY
- Operating margin
- 3.5%
- 3.5% YoY
- EBITDA
- $199M
- 18% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.7×
- $532M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear179% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear13% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear17% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | $2.6B | $3.4B | $3.8B | $4.1B | 9.4% |
| Operating income | $11M | $86M | $101M | $128M | $145M | 13% |
| Net income | −$5M | $28M | $35M | $55M | $72M | 30% |
| Operating cash flow | −$20M | $23M | $62M | $153M | $129M | 16% |
| Capex | $39M | $46M | $57M | $50M | $41M | 16% |
| Stock-based comp | $11M | $14M | $20M | $18M | $21M | 19% |
| Buybacks | — | $0 | $0 | $17M | $15M | 14% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.