Consumer Staples · Food Distributors · US stock · price as of 22 Oct 2026
Key indicators
Price
$83.97
52-week range
$68.19 – $91.85
Market cap
$40.4B
P/E (trailing)
23.0×
EV / EBITDA
12.8×
Free-cash-flow yield
4.8%
Dividend yield
2.6%
Revenue (last 12 months)
$84.6B
Revenue growth (3y a year)
3.5%
Operating margin
3.7%
Return on invested capital
15.1%
Net debt / EBITDA
3.2×
Fair value
Fair value (average of valid models)$103.19 middle half of models $91 – $107
Versus priceUndervalued+23% to fair value
P/E multiple
$83.05
P/B multiple
$93.88
P/S multiple
$155.76
EV/EBITDA multiple
$87.69
EV/EBIT multiple
$81.01
EV/revenue multiple
$135.83
10-year DCF, EBITDA exit
$104.09
5-year DCF, EBITDA exit
$99.03
10-year DCF, revenue exit
$107.81
5-year DCF, revenue exit
$103.45
10-year DCF, growth exit
$96.18
5-year DCF, growth exit
$89.87
Dividend discount, stable
$98.91
Earnings power value
$108.16
Model uncertainty
Medium
X-Ray Score
60/ 100 · High confidence · ahead of 76% of sector peers
Valuation67
Growth56
Profitability55
Financial health66
Dividends45
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Sysco is a large food distributor that supplies restaurants, healthcare facilities, schools, hotels and other institutions in the United States and several other countries. It buys food and related products from many suppliers, stores them in warehouses, and delivers them with its own truck fleet. Revenue comes from product sales and the margin it keeps after purchase and delivery costs, which is typically thin relative to sales.
Revenue over the last twelve months was $84.6 billion, and it expanded at 3.5% a year across three years. The business shows an operating margin of 3.7% and a return on invested capital of 15%. Leverage, measured as net debt to EBITDA, is 3.2 times. A dividend is paid, with a yield of 2.6%.
StocksXray gives Sysco Corp an X-Ray Score of 60 out of 100 (high confidence), ahead of 76% of the S&P 500 stocks in its sector. Its strongest lens is valuation (67) and its weakest is dividends (45).
Our fair value (the average of the valid models) is $103.19 (range $90.87 to $106.88). At $83.97 the stock trades 19% below that value, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Sysco Corp (SYY)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2022
FY2023
FY2024
FY2025
FY2026
Now
Price
$76.84
$67.34
$66.59
$71.92
$81.69
$83.97
Market cap
$39.5B
$34.3B
$33.5B
$35.2B
$39.3B
$40.4B
P/E
29.1×
19.4×
17.1×
19.3×
22.3×
23.0×
EV / revenue
0.7×
0.6×
0.6×
0.6×
0.6×
0.6×
EV / EBITDA
15.8×
11.5×
11.0×
11.8×
12.5×
12.8×
Price / free cash flow
34.1×
16.5×
15.5×
22.0×
20.3×
20.8×
Free-cash-flow yield
2.9%
6.0%
6.4%
4.6%
4.9%
4.8%
Price / book
28.6×
17.1×
18.0×
19.3×
14.7×
15.1×
Dividend yield
2.47%
2.93%
3.02%
2.88%
2.66%
2.60%
Fundamentals checklist ● 6 Good · ● 6 Average · ● 3 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−3.1%Average
Free-cash-flow yield4.8%Average
Risk models
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)1.8%Average
Free-cash-flow growth (3y)−2.3%Bad
Revenue growth (3y)3.5%Average
Growth consistency100%Good
Balance sheet
Current ratio1.3×Good
Net debt / EBITDA3.2×Bad
Interest coverno interest costGood
Valuation
Fair value vs price1.2×Good
EBIT / EV yield5.8%Average
Profitability
Return on invested capital15.1%Average
Operating margin3.7%Bad
Gross profitability55.1%Good
XStocksXray
Sysco Corp (SYY)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY23
FY24
FY25
FY26
LTM
Revenue
68,636
76,325
78,844
81,370
84,553
84,553
Gross profit
12,320
13,955
14,608
14,969
15,639
15,639
Operating income
2,346
3,039
3,202
3,088
3,095
3,094
Net income
1,359
1,770
1,955
1,828
1,757
1,756
Diluted EPS ($)
2.64
3.47
3.89
3.73
3.66
3.65
Free cash flow
1,158
2,075
2,157
1,604
1,938
1,938
Gross margin
17.9%
18.3%
18.5%
18.4%
18.5%
18.5%
Operating margin
3.4%
4.0%
4.1%
3.8%
3.7%
3.7%
Net margin
2.0%
2.3%
2.5%
2.2%
2.1%
2.1%
Balance sheet
FY22
FY23
FY24
FY25
FY26
LTM
Total assets
22,086
22,821
24,917
26,774
28,397
28,397
Cash
867
745
696
1,071
1,786
1,786
Total debt
10,648
10,411
11,982
13,309
13,516
13,516
Equity
1,382
2,009
1,860
1,830
2,666
2,666
Dividend per share ($)
1.90
1.97
2.01
2.07
2.17
2.17
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue ($M)
19,598
21,138
21,148
20,762
20,519
22,124
Growth vs a year earlier
+1.1%
+2.8%
+3.2%
+3.0%
+4.7%
+4.7%
Net income ($M)
401
531
476
389
340
551
Diluted EPS ($)
0.82
–
0.99
0.81
0.71
–
XStocksXray
Sysco Corp (SYY)
Peers in Food Distributors
Company
X-Ray
SYY · Sysco Corp
60
Market Compass outlook for Consumer Staples: Neutral (47/100). It blends regime history, macro sensitivity, momentum and valuation.
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
