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Chefs' Warehouse vs Innovative Food Holdings: CHEF and IVFH compared
Chefs' Warehouse is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $13.1M for Innovative Food Holdings (Q2 2026). Chefs' Warehouse is growing faster (+11% against -22% a year earlier). Chefs' Warehouse is more profitable, with an operating margin of 4.5% against 3.0%.
Where the money goes: CHEF and IVFH
Chefs' Warehouse (CHEF) · Q3 2026
Chefs' Warehouse, Q3 2026: revenue $1.1B (+11% year over year), operating margin 4.5%, net earnings $29.6M, operating cash flow $44.5M. The chart follows the revenue to costs, profit and cash.
Innovative Food Holdings (IVFH) · Q2 2026
Innovative Food Holdings, Q2 2026: revenue $13.1M (-22% year over year), operating margin 3.0%, net earnings $364K, operating cash flow $609K. The chart follows the revenue to costs, profit and cash.
| Chefs' Warehouse (CHEF) | Innovative Food Holdings (IVFH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $1.1B | $13.1M |
| Revenue growth, Y/Y | +11% | -22% |
| Gross margin | 25.0% | 26.2% |
| Operating margin | 4.5% | 3.0% |
| Net earnings | $29.6M | $364K |
| Net margin | 2.6% | 2.8% |
| Operating cash flow | $44.5M | $609K |
| Free cash flow | $36.0M | — |
| Market value | $4.8B | — |
| P/E | 44.5× | — |
| Analysts’ mean target | $126.12 | — |
Where the revenue comes from
Chefs' Warehouse
- Total Specialty: $686M (60%)
- Dry Goods: $182M (16%)
- Produce: $152M (13%)
- Cheese and Charcuterie: $78.6M (7%)
Innovative Food Holdings
- Digital Channels: $7.1M (54%)
- Local Distribution: $3.2M (25%)
- National Distribution: $2.8M (21%)
Questions
Which is bigger, Chefs' Warehouse or Innovative Food Holdings?
Chefs' Warehouse is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $13.1M for Innovative Food Holdings (Q2 2026).
Is Chefs' Warehouse or Innovative Food Holdings growing faster?
Chefs' Warehouse is growing faster (+11% against -22% a year earlier).
Which is more profitable, Chefs' Warehouse or Innovative Food Holdings?
Chefs' Warehouse is more profitable, with an operating margin of 4.5% against 3.0%.
More: Chefs' Warehouse earnings · how Chefs' Warehouse makes money · Innovative Food Holdings earnings · how Innovative Food Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.