SYY vs UNFI: Sysco and United Natural Foods compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Sysco is the larger company, worth $37.0B, about 14.2 times United Natural Foods.
- Sysco grew revenue faster over the last year (+4.7% vs -0.7%).
- Sysco keeps more of each dollar of revenue as operating profit (3.7% vs 0.7%).
- Sysco's price assumes faster free cash flow growth: about 4% a year, against -7% for United Natural Foods (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | SYY | UNFI |
|---|---|---|
| Market cap | $37.0B | $2.6B |
| Share price | $78.14 | $44.51 |
| Revenue (last fiscal year) | $84.6B | $31.2B |
| Free cash flow (last fiscal year) | $1.9B | $323M |
| Revenue growth, last year | +4.7% | -0.7% |
| Revenue growth per year, last 5 fiscal years | +5.4% | +1.9% |
| Operating margin | 3.7% | 0.68% |
| Net margin | 2.1% | 0.27% |
| Return on equity | 65.9% | 5.2% |
| P/E (trailing) | 21.5x | — |
| Price / free cash flow | 20.8x | 10.9x |
| EV / EBITDA | 15.5x | 11.1x |
| FCF growth the price implies | 4.4% | -7.1% |
| Dividend yield | 2.8% | — |
| Debt / equity | 9.65x | 3.38x |
| Fundamental grade | D | D |
| Superinvestors holding it | 12 | 4 |
| Insider purchases, last 12 months | 1 | 2 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Sysco
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $68.6B | $1.2B | 3.4% |
| 2023 | $76.3B | $2.1B | 4.0% |
| 2024 | $78.8B | $2.2B | 4.1% |
| 2025 | $81.4B | $1.6B | 3.8% |
| 2026 | $84.6B | $1.9B | 3.7% |
United Natural Foods
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $28.9B | $80M | 1.5% |
| 2023 | $30.3B | $301M | 0.40% |
| 2024 | $31.0B | -$92M | 0.03% |
| 2025 | $31.8B | $239M | -0.10% |
| 2026 | $31.2B | $323M | 0.68% |
Where the revenue comes from
Sysco · by segments, 2026
U.S. Foodservice Operations$58.8B70%
International Foodservice Operations$16.0B19%
SYGMA$8.6B10%
Other$1.1B1%
United Natural Foods · by segments, 2026
Natural$17.1B55%
Conventional$11.9B38%
Retail$2.2B7%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open SYY in InvestinglyQuestions
Which is bigger, Sysco or United Natural Foods?
Sysco (SYY), at $37.0B against $2.6B.
Which grows faster, SYY or UNFI?
Sysco: revenue grew +4.7% over the last year, against -0.7%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.