Stock

US Foods Holding

USFD
47
Food Distribution · Consumer Defensive
Price
$101.96
+0.49 (+0.48%)
Market Cap
$22.06B
Winston Score
47
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Oct 18, 2026 · filings through Jun 27, 2026

§How the score breaks down

Quality
Mixed
9/30
Growth
Strong
16/20
Cash Flow
Strong
7/10
Stability
Good
5/10
Valuation
Good
6/10
Ownership
Weak
2/15
Dividends
Not counted
n/a

45 of 95 counted points = Winston Score 47. Pillars marked n/a do not apply to this company and are left out of the total.

Share count rising — dilution

+2.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 225.0M (2021) → 230.0M (2025)

§Winston Score History

The full picture

US Foods is one of the largest food distributors in the United States. It buys food and kitchen supplies from thousands of producers and delivers them to restaurants, hospitals, schools, hotels, and other businesses that need to feed large numbers of people. The company does not sell to regular grocery shoppers — its customers are professional kitchens.

US Foods makes money by buying food in bulk at wholesale prices and selling it to customers at a slightly higher price, keeping the difference as revenue. It operates across the continental United States, serving roughly 250,000 customer locations and generating about $37 billion in annual sales. Its scale and nationwide delivery network make it hard for smaller distributors to compete on price and reliability. The biggest risk the business faces is thin profit margins — operating margin sits around 3%, meaning rising fuel costs, food inflation, or losing large restaurant chain contracts can quickly squeeze earnings.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+4.5% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+29.9% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (2%)

Research and development spending

Insider Activity

0.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$56M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

US Foods Holding is growing revenue at 4% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
18.2%
Thin — 18.2% gross margin
Profit after running costs
Operating Margin
4.2%
Thin — 4.2% operating margin
Return on the money invested
ROCE
13.5%
Good — 13.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+3.8%
Slow sales growth (+3.8% YoY)
Profit growth
EPS YoY
+39.8%
Earnings growing fast (+39.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
188%
Turns 188% of profit into real cash
Spare cash per sale
FCF Margin
2.4%
Thin free cash flow (2.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
1.22
Elevated debt (1.22)
Covers its interest
Interest Cover
4.21x
Adequate interest coverage (4.2x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
30.9x
Pricey — P/E 30.9

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+16.3
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (30.9 → 14.6)

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Dividends

Not applicable for this business.
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