PFGCPerformance Food Group Company
Is the business good?
A genuinely good business: 7 of 9 health tests passed and earnings fully cash-backed (2.2×).
High fundamental quality. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Profits are tracking sales roughly one-for-one, limited operating leverage either way.
Efficiency-driven, thin margins turned over fast (the retail model). ROE 7% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is PFGC?
Performance Food Group Company earns 7.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 1.9 points below what the capital costs: growth destroys value
- Operating margin
- 1.3%
Operating margin · Food Distribution median 2.5% · 12 months to Q4 2026
- Cash conversion
- 2.15×
Cash conversion · 2.00× a year ago · operating cash flow covers the operating profit after tax
- Gross margin
- 12%
Gross margin
| Year | Operating margin |
|---|---|
| FY2021 | 0.66% |
| FY2022 | 0.64% |
| FY2023 | 1.3% |
| FY2024 | 1.4% |
| FY2025 | 1.3% |
| FY2026 | 1.3% |
Details›
- Gross margin12 months to Q4 2026
- 12%
- Operating margin12 months to Q4 2026
- 1.3%
- Net margin12 months to Q4 2026
- 0.53%
- Free cash flow margin
- 1.5%
- Revenue, trailing twelve months
- $67.8B
- Free cash flow, trailing twelve months
- $1.03B
- Net income, trailing twelve months
- $359M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 7.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from PFGC and who it buys from, as the companies report it.
None disclosed.
- Significant suppliers19%
Share of purchases · FY2026 10-K
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; PFGC’s own figures are from its FY2026 10-K. Smaller customers and suppliers go unreported.