PFGC Performance Food Group Co

Overview and Growth

In fiscal 2026, Performance Food Group Co recorded $67.84B of revenue, net income of $359.30M, and an operating cash inflow of $1.41B. The $67.84B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 7.2% from $63.30B in fiscal 2025, increasing the company’s operating scale. On a per-share basis, diluted EPS was $2.29, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS increased by 5.0% from $2.18 in fiscal 2025, showing how the earnings change reached shareholders on a per-share basis. The revenue-to-assets relationship was 3.6x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $8.09B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross margin was 11.9%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operating income was $887.50M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 1.3%, showing the portion of revenue preserved after the full set of operating costs. Net income came to $359.30M, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 0.5% margin after operating costs and the remaining recognized items. The earnings statement records $485.80M of pretax income, the profit base against which the reported tax provision can be assessed. Pretax income represented 0.7% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $126.50M of income tax for the period, completing the transition from pretax income to net income. The income-tax provision equaled 26.0% of pretax income, showing the tax burden absorbed by the year’s earnings. Return on period-end equity was 7.3%, relating annual net income to the equity capital on the balance sheet.

Liquidity and Capital Structure

The company held $18.85B of assets against $13.95B of liabilities and $4.90B of equity, revealing how the asset base was financed. The near-term balance sheet paired $7.81B of current assets with $5.16B of current liabilities at the reporting date. The current ratio was 1.51x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Borrowings totaled $5.01B, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 1.02x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 26.6%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 74.0%, complementing the separate equity-based view of the company’s capital structure. Compared with $17.88B in fiscal 2025, the current asset base moved 5.4% and finished higher.

Cash Flow and Earnings Quality

Cash flow from operations was $1.41B, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 3.93x, showing the relationship between accrual earnings and operating cash. The cash-flow statement records $384.10M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 27.2% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $1.03B of positive free cash flow for the period. Free cash flow represented 1.5% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 5.5%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Jun 27, 2026. Analysis generated Sep 24, 2026.