Filing Flows › US Foods Holding (USFD) › Q3 2025
US Foods Holding (USFD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
US Foods Holding (USFD) reported revenue of $10.2B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +1% from the quarter before. Operating margin was 2.8%, net earnings $153M (1.5% of revenue).
US Foods Holding, Q3 2025: revenue $10.2B (+5% year over year), operating margin 2.8%, net earnings $153M, operating cash flow $351M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.2B | +1% | +5% |
| Gross profit | $1.8B | -1% | +5% |
| Operating profit | $282M | -24% | +1% |
| Net earnings | $153M | -32% | +3% |
| Operating cash flow | $351M | +5% | +30% |
| Free cash flow | $236M | -8% | +24% |
What changed
Revenue was $10.2B in Q3 2025, up 5% year over year and up 1% from the previous quarter. Meats and seafood was the largest line at 36% of revenue. Meats and seafood added $0.35B year over year (up 10%), 75% of the total change. Produce declined 8%.
Gross margin was 17.2%, up 0.1 points from a year earlier. Operating profit was $0.28B, a 2.8% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, below the 3% margin then. Operating expenses grew 6% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+44%). Net earnings were $0.15B, up 3% year over year. The effective tax rate was 25.7%.
Operating cash flow was $0.35B (up 30% year over year), 229% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.06B. Capital expenditures of $0.12B left free cash flow of $0.24B.
Questions
What was US Foods Holding's revenue in the third quarter 2025?
US Foods Holding (USFD) reported revenue of $10.2B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +1% from the quarter before.
Was US Foods Holding profitable in the third quarter 2025?
Operating profit was $282M (2.8% of revenue) and net earnings $153M.
Source: US Foods Holding 10-Q on SEC EDGAR.