Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen food, such as meat, seafood, fully prepared entrées, fruits, vegetables, and desserts; canned and dry food products; fresh meat and seafood products; dairy products; beverages; imported specialties; and fresh produce products. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of glassware and silverware; cookware, such as pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. It serves restaurants, hospitals and nursing facilities, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues. Sysco Corporation was incorporated in 1969 and is headquartered in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $81.4B | $4.1B | $1.8B | $1.6B | 99.9% | 3.2% | -6.5% |
| 2024 | $78.8B | $4.2B | $2.0B | $2.2B | 105.1% | 3.3% | 10.5% |
| 2023 | $76.3B | $3.7B | $1.8B | $2.1B | 88.1% | 11.2% | 30.2% |
| 2022 | $68.6B | $3.3B | $1.4B | $1.2B | 98.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 68,636 | 76,325 | 78,844 | 81,370 |
| Operating Revenue | - | 66,517 | 73,929 | 76,344 | 78,721 |
| Cost Of Revenue | - | 56,316 | 62,370 | 64,236 | 66,401 |
| Gross Profit | - | 12,320 | 13,955 | 14,608 | 14,969 |
| Operating Expense | - | 9,974 | 10,916 | 11,406 | 11,881 |
| Total Expenses | - | 66,290 | 73,286 | 75,642 | 78,282 |
| Operating Income | - | 2,346 | 3,039 | 3,202 | 3,088 |
| Total Operating Income As Reported | - | 2,346 | 3,039 | 3,202 | 3,088 |
| EBITDA | - | 3,252 | 3,701 | 4,169 | 4,136 |
| Normalized EBITDA | - | 3,252 | 3,701 | 4,169 | 4,136 |
| EBIT | - | 2,371 | 2,812 | 3,172 | 3,050 |
| Interest Expense | - | 624 | 527 | 607 | 635 |
| Net Interest Income | - | -624 | -527 | -607 | -635 |
| Other Non Operating Income Expenses | - | 25 | -227 | -30 | -38 |
| Other Income Expense | - | 25 | -227 | -30 | -38 |
| Interest Expense Non Operating | - | 624 | 527 | 607 | 635 |
| Net Non Operating Interest Income Expense | - | -624 | -527 | -607 | -635 |
| Pretax Income | - | 1,747 | 2,285 | 2,565 | 2,415 |
| Tax Provision | - | 388 | 515 | 610 | 587 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 1,359 | 1,770 | 1,955 | 1,828 |
| Net Income From Continuing And Discontinued Operation | - | 1,359 | 1,770 | 1,955 | 1,828 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,359 | 1,770 | 1,955 | 1,828 |
| Net Income | - | 1,359 | 1,770 | 1,955 | 1,828 |
| Net Income Common Stockholders | - | 1,359 | 1,770 | 1,955 | 1,828 |
| Net Income Including Noncontrolling Interests | - | 1,359 | 1,770 | 1,955 | 1,828 |
| Normalized Income | - | 1,359 | 1,770 | 1,955 | 1,828 |
| Diluted NI Availto Com Stockholders | - | 1,359 | 1,770 | 1,955 | 1,828 |
| Basic Average Shares | - | 510.63 | 507.36 | 501.24 | 488.14 |
| Diluted Average Shares | - | 514.01 | 509.72 | 503.10 | 489.83 |
| Reconciled Depreciation | - | 881 | 889 | 997 | 1,086 |
| Reconciled Cost Of Revenue | - | 56,316 | 62,370 | 64,236 | 66,401 |
| Other Operating Expenses | - | 9,974 | 10,916 | 11,406 | 11,881 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Sysco Corporationthis co. | SYY | $35.6B | 19.45↓ discount | 19.43 | 99.9% | 11.84 |
| Keurig Dr Pepper Inc. | KDP | $40.9B | 19.67 | 1.60 | 8.1% | 13.36 |
| Coca-Cola Europacific Partners PLC | CCEP | $40.7B | 20.98 | 5.20 | 24.8% | 13.40 |
| Archer-Daniels-Midland Company | ADM | $40.2B | 37.27 | 1.77 | 4.7% | 16.05 |
| The Kroger Co. | KR | $38.4B |
| - |
| - |
| - |
| - |
| - |
| 37.77 |
| 6.47 |
| 17.1% |
| 10.37 |
| The Hershey Company | HSY | $37.1B | 41.96 | 7.99 | 19.0% | 21.55 |
| Kenvue Inc. | KVUE | $32.4B | 22.05 | 3.01 | 13.7% | 13.40 |
| Kimberly-Clark Corporation | KMB | $31.4B | 15.52 | 20.88 | 134.6% | 12.17 |
| The Estée Lauder Companies Inc. | EL | $30.0B | - | 7.76 | -29.3% | 250.27 |
| Peer Median | - | 22.05 | 5.84 | 15.4% | 13.40 | |