olivLaw · US equity research
Performance Food Group Company PFGC
Wholesale-Groceries, General Line · SIC 5141 · Vertical: Wholesale — nondurable goods (SIC 514x)
At the close of 04 Nov 2026, Performance Food Group Company (PFGC) stock was 109.57 USD (+13.53% on the day), with market capitalisation 17.3 bn USD, P/E 43.7 on diluted EPS of 2.51 USD over the last 12 months, beta 0.73, 52-week range 81.03–116.65 USD. Latest reported quarter (Q1 2027): revenue of 18.0 bn USD (+5.5% YoY), net income of 129.5 m USD (+38.4% YoY), diluted EPS 0.82 USD.
Data as of · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 71.2
- overbought (≥ 70)
- Bollinger (20, 2)
- 90.67 – 103.72
- above the upper band · %B 1.45 · band width 13.4%
- SMA 50 / 200
- 95.59 / 97.45
- mixed trend
- MACD (12, 26, 9)
- 1.68 / 0.67
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +18.4% | −1.1% | +19.4 pp | — |
| 3 months | −2.2% | −0.5% | −1.7 pp | — |
| 6 months | +18.0% | +4.4% | +13.6 pp | — |
| Year to date | +21.9% | +12.3% | +9.5 pp | — |
| 1 year | +13.4% | +13.5% | −0.2 pp | +1.0% |
| 3 years | +80.7% | +76.4% | +4.2 pp | +1.3% |
| 5 years | +125.7% | +63.7% | +62.1 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q1 2027 · 26 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15.6 bn | 15.3 bn | 16.9 bn | 17.1 bn | 16.4 bn | 16.3 bn | 18.0 bn | 18.0 bn |
| Cost of revenue | 13.8 bn | 13.5 bn | 14.9 bn | 15.1 bn | 14.5 bn | 14.4 bn | 15.9 bn | 15.8 bn |
| Gross profit | 1.8 bn | 1.8 bn | 2.0 bn | 2.0 bn | 2.0 bn | 1.9 bn | 2.2 bn | 2.2 bn |
| Operating income | 158.8 m | 174.4 m | 267.8 m | 224.7 m | 190.1 m | 148.9 m | 323.8 m | 272.2 m |
| Depreciation & amortisation | 182.5 m | 186.9 m | 195.6 m | 195.4 m | 199.9 m | 205.0 m | 213.6 m | 210.7 m |
| Interest expense | 100.2 m | 96.9 m | 94.5 m | 104.4 m | 104.5 m | 102.9 m | 101.9 m | 98.4 m |
| Pre-tax income | 56.7 m | 78.5 m | 176.7 m | 121.5 m | 86.7 m | 55.9 m | 221.7 m | 173.1 m |
| Income tax | 14.3 m | 20.2 m | 45.2 m | 27.9 m | 25.0 m | 14.2 m | 59.4 m | 43.6 m |
| Net income | 42.4 m | 58.3 m | 131.5 m | 93.6 m | 61.7 m | 41.7 m | 162.3 m | 129.5 m |
| Diluted EPS | 0.27 | 0.37 | 0.84 ≈ | 0.60 | 0.39 | 0.27 | 1.03 ≈ | 0.82 |
| Operating cash flow | 325.5 m ≈ | 448.1 m ≈ | 383.0 m | -145.2 m | 601.2 m ≈ | 615.9 m ≈ | 341.8 m | -89.3 m |
| Capex | 107.4 m | 128.8 m | 173.3 m | 78.9 m | 113.4 m ≈ | 73.6 m ≈ | 118.2 m | 53.9 m |
| Share repurchases | 4.4 m ≈ | 10.0 m ≈ | 14.0 m | 0 | 0 ≈ | 900.0 k ≈ | 600.0 k | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 77 percentile of its own 31-quarter history (min 19.6, median 32.7, max 180.4; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.7 bn | 25.1 bn | 30.4 bn | 50.9 bn | 57.3 bn | 58.3 bn | 63.3 bn | 67.8 bn |
| Revenue YoY | +12.1% | +27.1% | +21.2% | +67.4% | +12.5% | +1.8% | +8.6% | +7.2% |
| Net income | 166.8 m | -114.1 m | 40.7 m | 112.5 m | 397.2 m | 435.9 m | 340.2 m | 359.3 m |
| Net income YoY | −16.1% | −168.4% | unavailable | +176.4% | +253.1% | +9.7% | −22.0% | +5.6% |
| Diluted EPS | 1.59 | -1.01 | 0.30 | 0.74 | 2.54 | 2.79 | 2.18 | 2.29 |
| Diluted EPS YoY | −16.3% | −163.5% | unavailable | +146.7% | +243.2% | +9.8% | −21.9% | +5.0% |
| net % | 0.8% | -0.5% | 0.1% | 0.2% | 0.7% | 0.7% | 0.5% | 0.5% |
| Free cash flow | 178.3 m | 465.6 m | -124.2 m | 61.0 m | 562.4 m | 767.4 m | 704.1 m | 1.0 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 27 Jun 2026
- Cash
- unavailable USD
- Financial debt
- 5.0 bn USD
- Net debt
- unavailable USD
- Equity
- 4.9 bn USD
- Total assets
- 18.8 bn USD
- Debt / equity
- 1.02x
- Current ratio
- 1.51x
- ROE
- 7.7%
- ROA
- 2.0%
- FCF margin
- 1.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 30.4 bn | 50.9 bn | 57.3 bn | 58.3 bn | 63.3 bn | 67.8 bn | SEC (XBRL)· 12 Aug 2026verified |
| Cost of revenue | 26.9 bn | 45.6 bn | 51.0 bn | 51.7 bn | 55.9 bn | 59.7 bn | SEC (XBRL)· 12 Aug 2026verified |
| Gross profit | 3.5 bn | 5.3 bn | 6.3 bn | 6.6 bn | 7.4 bn | 8.1 bn | SEC (XBRL)· 12 Aug 2026verified |
| Operating income | 200.7 m | 327.4 m | 765.8 m | 826.4 m | 816.3 m | 887.5 m | SEC (XBRL)· 12 Aug 2026verified |
| Depreciation & amortisation | 338.9 m | 462.8 m | 496.7 m | 556.7 m | 717.9 m | 813.9 m | SEC (XBRL)· 12 Aug 2026verified |
| EBITDA | 539.6 m ≈ | 790.2 m ≈ | 1.3 bn ≈ | 1.4 bn ≈ | 1.5 bn ≈ | 1.7 bn ≈ | SEC (XBRL)· 12 Aug 2026derived |
| Interest expense | 152.4 m | 182.9 m | 218.0 m | 232.2 m | 358.4 m | 413.7 m | SEC (XBRL)· 12 Aug 2026verified |
| Pre-tax income | 54.7 m | 167.1 m | 544.0 m | 596.8 m | 458.8 m | 485.8 m | SEC (XBRL)· 12 Aug 2026verified |
| Income tax | 14.0 m | 54.6 m | 146.8 m | 160.9 m | 118.6 m | 126.5 m | SEC (XBRL)· 12 Aug 2026verified |
| Net income | 40.7 m | 112.5 m | 397.2 m | 435.9 m | 340.2 m | 359.3 m | SEC (XBRL)· 12 Aug 2026verified |
| Diluted EPS | 0.30 | 0.74 | 2.54 | 2.79 | 2.18 | 2.29 | SEC (XBRL)· 12 Aug 2026verified |
| Weighted average diluted shares | 133.4 m | 151.3 m | 156.1 m | 156.0 m | 156.4 m | 157.0 m | SEC (XBRL)· 12 Aug 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Receivables | 1.6 bn | 2.3 bn | 2.4 bn | 2.5 bn | 2.8 bn | 3.1 bn | SEC (XBRL)· 12 Aug 2026verified |
| Inventories | 1.8 bn | 3.4 bn | 3.4 bn | 3.3 bn | 3.9 bn | 4.3 bn | SEC (XBRL)· 12 Aug 2026verified |
| Current assets | 3.6 bn | 6.0 bn | 6.1 bn | 6.2 bn | 7.1 bn | 7.8 bn | SEC (XBRL)· 12 Aug 2026verified |
| Property, plant & equipment, net | 1.6 bn | 2.1 bn | 2.3 bn | 2.8 bn | 4.5 bn | 4.8 bn | SEC (XBRL)· 12 Aug 2026verified |
| Goodwill | 1.4 bn | 2.3 bn | 2.3 bn | 2.4 bn | 3.5 bn | 3.6 bn | SEC (XBRL)· 12 Aug 2026verified |
| Intangibles (excl. goodwill) | 796.4 m | 1.2 bn | 1.0 bn | 971.1 m | 1.7 bn | 1.5 bn | SEC (XBRL)· 12 Aug 2026verified |
| Total assets | 7.8 bn | 12.4 bn | 12.5 bn | 13.4 bn | 17.9 bn | 18.8 bn | SEC (XBRL)· 12 Aug 2026verified |
| Short-term debt | 0 | 0 | 0 | 0 | 0 | 0 | SEC (XBRL)· 12 Aug 2026verified |
| Long-term debt | 2.2 bn | 3.9 bn | 3.5 bn | 3.2 bn | 5.4 bn | 5.0 bn | SEC (XBRL)· 12 Aug 2026verified |
| Current liabilities | 2.5 bn | 3.6 bn | 3.6 bn | 3.8 bn | 4.5 bn | 5.2 bn | SEC (XBRL)· 12 Aug 2026verified |
| Total liabilities | 5.7 bn | 9.1 bn | 8.8 bn | 9.3 bn | 13.4 bn | 13.9 bn | SEC (XBRL)· 12 Aug 2026verified |
| Equity | 2.1 bn † | 3.3 bn † | 3.7 bn † | 4.1 bn † | 4.5 bn † | 4.9 bn † | SEC (XBRL)· 12 Aug 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 64.6 m | 276.5 m | 832.1 m | 1.2 bn | 1.2 bn | 1.4 bn | SEC (XBRL)· 12 Aug 2026verified |
| Capex | 188.8 m | 215.5 m | 269.7 m | 395.6 m | 506.0 m | 384.1 m | SEC (XBRL)· 12 Aug 2026verified |
| Free cash flow | -124.2 m ≈ | 61.0 m ≈ | 562.4 m ≈ | 767.4 m ≈ | 704.1 m ≈ | 1.0 bn ≈ | SEC (XBRL)· 12 Aug 2026derived |
| Investing cash flow | -199.8 m | -1.9 bn | -294.6 m | -682.7 m | -3.1 bn | -772.5 m | SEC (XBRL)· 12 Aug 2026verified |
| Financing cash flow | -274.4 m | 1.6 bn | -536.2 m | -472.6 m | 1.9 bn | -624.8 m | SEC (XBRL)· 12 Aug 2026verified |
| Share repurchases | 0 | 0 | 11.2 m | 78.1 m | 57.6 m | 1.5 m | SEC (XBRL)· 12 Aug 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 38 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 17.3 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation44
- Returns0
- Quality72
- Balance sheet34
- Growth24
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 49.95 – 87.68 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E49.95 – 87.68 (Mid 83.03)7 companies used · median multiple 33.1x · quartiles 19.9x – 34.9xCHEF, DIT, DPZ, RAVE, SYY, UNFI, USFD
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 38/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 0.6% | 44 (vs peers) | 10% |
| FCF conversion · Quality | 281.0% | 100 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | 5.8% | 48 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | -3.4% | 0 (on a fixed band) | 13% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 2.3x | 12 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.6x | 68 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 43.7x | 14 (vs peers) | 16% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 6.4% | 80 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 0.0% | 0 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet34/100 · 2/3 factors with a value
- Growth24/100 · 2/2 factors with a value
- Quality72/100 · 2/3 factors with a value
- Returns· partial0/100 · 1/2 factors with a value
- Valuation44/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Performance Food Group Company (PFGC). Latest full fiscal year: 2026; data up to 2026-09-26.
Figures computed from the financial statements: revenue 67.8 bn USD in 2026; YoY growth 7.2%; net margin 0.6%; ROE 8.2%.
The estimated value range is 49.95–87.68 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 83.03 USD, the price of 109.57 USD leaves a potential of -24.2% (value / price − 1) and a margin of safety of -32.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 38/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 281.0%
- FCF yield: 6.4%
What contradicts it
- EPS CAGR 3Y: -3.4%
- Interest coverage: 2.3x
- P/E (TTM): 43.7x
- Shareholder yield (distributions): 0.0%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Wholesale — nondurable goods (SIC 514x) · same industry group (3-digit SIC) · compared with 9 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SYYSysco Corporation | 37.9 bn | 20.5 | 59.1% | 2.1% | +3.9% | +1% / +7% |
| USFDUs Foods Holding Corp. | 23.8 bn | 33.8 | 16.4% | 1.8% | +4.1% | +40% / +151% |
| PFGCPerformance Food Group Company | 17.3 bn | 43.7 | 8.2% | 0.6% | +7.2% | +13% / +81% |
| DPZDomino’s Pizza, Inc. | 11.2 bn | 19.3 | — | 11.9% | +5.0% | −19% / −13% |
| CHEFChefs’ Warehouse, Inc. | 4.6 bn | 46.5 | 16.2% | 2.3% | +9.4% | +74% / +297% |
| UNFIUnited Natural Foods, Inc. | 2.9 bn | 36.0 | 5.3% | 0.3% | −2.0% | +29% / +232% |
| HFFGHf Foods Group Inc. | 80.3 m | — | -15.5% | -2.8% | +2.2% | −41% / −69% |
| DITAmcon Distributing Co | 59.4 m | 33.1 | 1.6% | 0.1% | +3.9% | −19% / −48% |
| RAVERave Restaurant Group, Inc. | 31.1 m | 11.0 | 18.3% | 22.3% | +7.2% | −31% / −4% |
| MWYNMarwynn Holdings, Inc. | 27.7 m | — | -54.7% | -24.7% | +427.5% | +59% / unavailable |
1- and 3-year price returns: for PFGC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 65.49 Total return -40% · Per year -40% | 115.71 Total return 6% · Per year 6% | 174.19 Total return 59% · Per year 59% |
| 3 years | 65.25 Total return -40% · Per year -16% | 129.56 Total return 18% · Per year 6% | 213.91 Total return 95% · Per year 25% |
| 5 years | 65.02 Total return -41% · Per year -10% | 145.07 Total return 32% · Per year 6% | 262.69 Total return 140% · Per year 19% |
- Exit P/E± 32.39
- Net margin± 22.67
- Annual revenue growth± 18.38
- Annual dilution± 1.91
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report04 Nov 2026
- Current report04 Nov 2026Results of operations · Financial statements and exhibits
- Proxy statement09 Oct 2026
- Current report24 Aug 2026Departure or appointment of officers · Financial statements and exhibits
- Current report20 Aug 2026Departure or appointment of officers · Other events · Financial statements and exhibits
- Annual report12 Aug 2026
- Current report12 Aug 2026Results of operations · Financial statements and exhibits
- Quarterly report06 May 2026
- Current report06 May 2026Results of operations · Financial statements and exhibits
- Current report19 Feb 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.