Is the business good?
How good a business is SYY?
Sysco Corporation earns 17% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
17%
Return on invested capital · cost of capital 9.0% · 8.0 points above what the capital costs: growth creates value
- Operating margin
- 3.7%
Operating margin · Food Distribution median 3.3% · 12 months to Q4 2026
- Cash conversion
- 1.10×
Cash conversion · 0.88× a year ago · every dollar of reported profit arrived as cash, and more
- Gross margin
- 19%
Gross margin
| Year | Operating margin |
|---|---|
| FY2021 | 2.8% |
| FY2022 | 3.4% |
| FY2023 | 4.0% |
| FY2024 | 4.1% |
| FY2025 | 3.8% |
| FY2026 | 3.7% |
Details›
- Gross margin12 months to Q4 2026
- 19%
- Operating margin12 months to Q4 2026
- 3.7%
- Net margin12 months to Q4 2026
- 2.1%
- Free cash flow margin
- 2.3%
- Revenue, trailing twelve months
- $84.6B
- Free cash flow, trailing twelve months
- $1.94B
- Net income, trailing twelve months
- $1.76B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 17%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.