Filing Flows › US Foods Holding (USFD) › Q1 2025
US Foods Holding (USFD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
US Foods Holding (USFD) reported revenue of $9.4B for the first quarter 2025 (Q1 2025), +4% from a year earlier and -1% from the quarter before. Operating margin was 2.4%, net earnings $115M (1.2% of revenue).
US Foods Holding, Q1 2025: revenue $9.4B (+4% year over year), operating margin 2.4%, net earnings $115M, operating cash flow $391M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.4B | -1% | +4% |
| Gross profit | $1.6B | -3% | +8% |
| Operating profit | $224M | -26% | +36% |
| Net earnings | $115M | +74% | +40% |
| Operating cash flow | $391M | +38% | +181% |
| Free cash flow | $307M | +72% | +490% |
What changed
Revenue was $9.4B in Q1 2025, up 4% year over year and down 1% from the previous quarter. Meats and seafood was the largest line at 34% of revenue. Meats and seafood added $0.23B year over year (up 8%), 57% of the total change. Produce declined 9%.
Gross margin was 17.3%, up 0.6 points from a year earlier. Operating profit was $0.22B, a 2.4% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, above the 2% margin then. Operating expenses grew 5% against revenue growth of 4%. Net earnings were $0.12B, up 40% year over year. The effective tax rate was 22.3%.
Operating cash flow was $0.39B (up 181% year over year), 340% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.08B left free cash flow of $0.31B.
Questions
What was US Foods Holding's revenue in the first quarter 2025?
US Foods Holding (USFD) reported revenue of $9.4B for the first quarter 2025 (Q1 2025), +4% from a year earlier and -1% from the quarter before.
Was US Foods Holding profitable in the first quarter 2025?
Operating profit was $224M (2.4% of revenue) and net earnings $115M.
Source: US Foods Holding 10-Q on SEC EDGAR.