The Chef's Warehouse CHEF Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 24.3%+0.3pp | 24.2%+0.1pp | 24.2%+0.2pp | 24.2%+0.3pp | 24%+0.2pp | |
| Operating margin | 3.7%+0.2pp | 3.5%+0.1pp | 3.7%+0.4pp | 3.6%+0.5pp | 3.5%+0.6pp | |
| Net margin | 1.9%+0.2pp | 1.7%+0.3pp | 1.8%+0.6pp | 1.8%+0.6pp | 1.6%+0.7pp | |
| Returns | ||||||
| Return on equity | 13.8%+0.9pp | 12.7%+1.5pp | 14.1%+3.7pp | 13.6%+4.4pp | 12.9%+4.7pp | |
| Return on invested capital | 7.1%+0.4pp | 6.7%+0.4pp | 6.9%+1.2pp | 7%+1.8pp | 6.8%+1.8pp | |
| Efficiency | ||||||
| Asset turnover | 2.2×0.0× | 2.1×0.0× | 2.2×0.0× | 2.2×0.0× | 2.2×0.0× | |
| Liquidity | ||||||
| Current ratio | 2.2×+0.1× | 2×0.0× | 2.1×+0.3× | 2×+0.2× | 2.1×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 1.9×0.0× | 1.9×0.0× | 1.9×-0.3× | 1.8×-0.3× | 1.8×-0.4× | |
| Net debt / EBITDA | 4.8×-0.2× | 5×-0.1× | 5.1×-1.2× | 5×-1.5× | 4.9×-2.0× | |
| Per Share | ||||||
| Book value per share | $13.21+12.4% | $13.14+12.4% | $12.59+20.4% | $12.12+20.5% | $11.75+1.4% | |
| Valuation | ||||||
| Market capitalization | $2.42B+8.6% | $2.54B+30.0% | $2.38B+42.1% | $2.62B+68.5% | $2.23B+48.9% | |
| Price / earnings | 30.5×-4.5× | 35×-0.1× | 31.9×-3.3× | 37.7×-0.5× | 35×-7.7× | |
| Price / sales | 0.6×0.0× | 0.6×+0.1× | 0.6×+0.1× | 0.7×+0.2× | 0.6×+0.2× | |
| Price / book | 4×-0.1× | 4.2×+0.6× | 4.1×+0.6× | 4.7×+1.3× | 4.1×+0.8× | |
| EV / EBITDA | 16.2×-1.2× | 17.8×+1.1× | 17.1×+0.2× | 18.9×+2.0× | 17.5×-0.2× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are The Chef's Warehouse's profit margins?
- The Chef's Warehouse (CHEF) runs a 24.3% gross margin and a 3.7% operating margin, with a 1.9% net margin.
- Where do The Chef's Warehouse's ratios come from?
- Every ratio is computed from The Chef's Warehouse's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
