UNFI vs USFD: United Natural Foods and US Foods Holding compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- US Foods Holding is the larger company, worth $20.5B, about 7.8 times United Natural Foods.
- US Foods Holding grew revenue faster over the last year (+4.5% vs -0.7%).
- US Foods Holding keeps more of each dollar of revenue as operating profit (3.1% vs 0.7%).
- US Foods Holding's price assumes faster free cash flow growth: about 6% 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 | UNFI | USFD |
|---|---|---|
| Market cap | $2.6B | $20.5B |
| Share price | $44.51 | $97.43 |
| Revenue (last fiscal year) | $31.2B | $39.4B |
| Free cash flow (last fiscal year) | $323M | $959M |
| Revenue growth, last year | -0.7% | +4.5% |
| Revenue growth per year, last 5 fiscal years | +1.9% | +7.5% |
| Operating margin | 0.68% | 3.1% |
| Net margin | 0.27% | 1.8% |
| Return on equity | 5.2% | 17.0% |
| P/E (trailing) | — | 31.3x |
| Price / free cash flow | 10.9x | 21.3x |
| EV / EBITDA | 11.1x | 14.8x |
| FCF growth the price implies | -7.1% | 5.9% |
| Dividend yield | — | — |
| Debt / equity | 3.38x | 2.35x |
| Fundamental grade | D | C |
| Superinvestors holding it | 4 | 6 |
| Insider purchases, last 12 months | 2 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
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% |
US Foods Holding
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $29.5B | $145M | 1.4% |
| 2022 | $34.1B | $500M | 1.7% |
| 2023 | $35.6B | $831M | 2.9% |
| 2024 | $37.9B | $833M | 2.9% |
| 2025 | $39.4B | $959M | 3.0% |
Where the revenue comes from
United Natural Foods · by segments, 2026
Natural$17.1B55%
Conventional$11.9B38%
Retail$2.2B7%
US Foods Holding · by products, 2025
Meats and seafood$14.0B35%
Dry grocery products$6.7B17%
Refrigerated and frozen grocery products$6.6B17%
Dairy$4.2B11%
Equipment, disposables and supplies$3.6B9%
Beverage products$2.3B6%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open UNFI in InvestinglyQuestions
Which is bigger, United Natural Foods or US Foods Holding?
US Foods Holding (USFD), at $20.5B against $2.6B.
Which grows faster, UNFI or USFD?
US Foods Holding: revenue grew +4.5% 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.