Aramark Holdings (ARMK) financial statements

Industrials · Specialty Business Services · Market cap $15.1B

Aramark Holdings reported revenue of $18.5B in fiscal 2025, up 2.8% a year over 9 years.

Net income was $326M and the operating margin 4.3%, against 5.2% in 2016.

Free cash flow was $432M, and the company returned $111M in dividends and $170M in net buybacks.

The diluted share count rose 7% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions.

-5051015202016201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, from Aramark Holdings's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue$14.4B$14.6B$15.8B$16.2B$12.8B$12.1B$13.7B$16.1B$17.4B$18.5B
Cost of revenue$13.7B$13.8B$15.0B$15.3B$12.0B$11.0B$14.8B$14.8B$16.0B$17.0B
Gross profit$746M$802M$818M$891M$836M$1.1B-$1.1B$1.3B$1.4B$1.5B
Selling, general and admin$283M$299M$377M$367M$307M$347M$258M$274M$284M$278M
Operating income$746M$802M$818M$891M-$265M$191M$415M$625M$707M$792M
Interest expense$315M$286M$353M$353M$389M$414M$382M$441M$389M$364M
Pre-tax income$431M$521M$472M$556M-$648M-$133M$47M$564M$365M$430M
Income tax$143M$146M-$97M$108M-$186M-$41M$8M$116M$103M$104M
Net income$288M$374M$568M$449M-$462M-$91M$194M$674M$263M$326M
EPS (diluted)—————-$0.36$0.75$2.57$0.99$1.22
Diluted shares249M252M253M252M252M255M259M263M266M267M
Gross margin5.2%5.5%5.2%5.5%6.5%9.0%-7.9%8.1%8.2%8.4%
Operating margin5.2%5.5%5.2%5.5%-2.1%1.6%3.0%3.9%4.1%4.3%
Net margin2.0%2.6%3.6%2.8%-3.6%-0.8%1.4%4.2%1.5%1.8%

Balance sheet

Fiscal years, from Aramark Holdings's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments$153M$239M$215M$247M$2.5B$533M$306M$1.9B$672M$639M
Receivables$1.5B$1.6B$1.8B$1.8B$1.4B$1.7B$2.1B$2.0B$2.1B$2.2B
Inventory$587M$611M$725M$411M$436M$413M$552M$404M$388M$419M
Total current assets$2.5B$2.7B$2.9B$2.7B$4.7B$2.9B$3.3B$5.2B$3.4B$3.5B
Property, plant and equipment$1.0B$1.0B$1.4B$2.2B$2.1B$2.0B$2.0B$1.4B$1.6B$1.7B
Goodwill$4.6B$4.7B$5.6B$5.5B$5.3B$5.5B$5.5B$4.6B$4.7B$4.9B
Total assets$10.6B$11.0B$13.7B$13.7B$15.7B$14.4B$15.1B$16.9B$12.7B$13.3B
Total current liabilities$2.2B$2.4B$2.5B$2.7B$2.3B$2.9B$3.3B$5.0B$4.2B$3.5B
Long-term debt$5.2B$5.2B$7.2B$6.6B$9.2B$7.4B$7.3B$5.1B$4.3B$5.4B
Total liabilities$8.4B$8.5B$10.7B$10.4B$13.0B$11.7B$12.1B$13.2B$9.6B$10.2B
Shareholders' equity$2.2B$2.5B$3.0B$3.3B$2.7B$2.7B$3.0B$3.7B$3.0B$3.1B
Net debt$5.1B$5.0B$7.0B$6.4B$6.8B$6.9B$7.1B$4.8B$3.6B$4.7B

Cash flow

Fiscal years, from Aramark Holdings's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow$867M$1.1B$1.1B$984M$177M$657M$694M$766M$727M$921M
Capital spending$513M$553M$629M$503M$419M$408M$312M$384M$427M$489M
Free cash flow$355M$500M$423M$481M-$242M$249M$383M$383M$299M$432M
Stock-based compensation$57M$65M$88M$55M$30M$71M$82M$76M$63M$59M
Dividends paid$92M$101M$103M$108M$111M$112M$113M$115M$100M$111M
Share buybacks (net)-$749,000-$100M-$24M-$50M-$7M$0$0-$24M-$14M-$170M
Net borrowing$1.4B$3.9B$3.2B$78M$3.2B$894M$100M$1.3B$571M$2.0B
Free cash flow margin2.5%3.4%2.7%3.0%-1.9%2.1%2.8%2.4%1.7%2.3%
Dividends per share$0.37$0.40$0.41$0.43$0.44$0.44$0.44$0.44$0.38$0.41
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Questions

What was Aramark Holdings's revenue in 2025?

$18.5B in fiscal 2025, from its 10-K filing.

How much free cash flow does Aramark Holdings generate?

$432M in fiscal 2025 (operating cash flow minus capital spending).

From Aramark Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.