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How US Foods Holding (USFD) makes money
US Foods Holding (USFD) made $10.4B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Meats and seafood brought in $3.7B (36%); Dry grocery products brought in $1.8B (17%); Refrigerated and frozen grocery products brought in $1.7B (17%). Of every dollar of revenue, 18¢ was left as gross profit, 4¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Meats and seafood | $3.7B | 35.5% | -2% | -0.3% |
| Dry grocery products | $1.8B | 17.3% | +0.5% | +5% |
| Refrigerated and frozen grocery products | $1.7B | 16.7% | -0.2% | +3% |
| Dairy | $1.0B | 9.7% | -1% | -6% |
| Equipment, disposables and supplies | $987M | 9.5% | +1% | +10% |
| Beverage products | $651M | 6.3% | 0% | +7% |
| Produce | $521M | 5.0% | -10% | +2% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $10.4B | 100.0% |
| Cost of revenue | $8.5B | 81.7% |
| Gross profit | $1.9B | 18.3% |
| Operating expenses | $1.5B | 14.7% |
| Operating profit | $371M | 3.6% |
| Income tax | $75.0M | 0.7% |
| Net earnings | $218M | 2.1% |
| Operating cash flow | $435M | 4.2% |
| Free cash flow | $343M | 3.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $10.4B | +2% |
| Q2 2026 | $10.5B | +4% |
| Q1 2026 | $9.6B | +3% |
| Q4 2025 | $9.8B | +3% |
| Q3 2025 | $10.2B | +5% |
| Q2 2025 | $10.1B | +4% |
| Q1 2025 | $9.4B | +4% |
From US Foods Holding's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does US Foods Holding make money?
US Foods Holding (USFD) made $10.4B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Meats and seafood brought in $3.7B (36%); Dry grocery products brought in $1.8B (17%); Refrigerated and frozen grocery products brought in $1.7B (17%). Of every dollar of revenue, 18¢ was left as gross profit, 4¢ was left as operating profit, 2¢ was left as net earnings.
What is US Foods Holding's biggest business?
Meats and seafood: $3.7B in the third quarter 2026, 36% of revenue, -0.3% from a year earlier.
What is US Foods Holding's profit margin?
Net earnings were $218M, 2.1% of revenue, in the third quarter 2026; the operating margin was 3.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.