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The Chefs' Warehouse (CHEF) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

The Chefs' Warehouse
NasdaqGS•Consumer Defensive•Food Distribution
$108.99+2.66(0.03%)Pre-market
Market Cap
$3.92B
P/E
38.3x
P/S
0.9x
P/B
5.7x

The Chefs' Warehouse, Inc., together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. It offers specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products and center-of-the-plate products that includes custom cut beef, seafood, and hormone-free poultry, as well as produce and broadline food products comprising cooking oils, butter, eggs, milk, and flour. The company serves menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos, and specialty food stores. It markets its center-of-the-plate products directly to consumers through a mail and e-commerce platform. The Chefs' Warehouse, Inc. was founded in 1985 and is headquartered in Ridgefield, Connecticut.

B

How this company scores

GoodMetricSide Score: 70/100

Strongest: Cash & Earnings Quality (24/25); weakest: Profitability (11/25).

Profitability11/25
Growth21/25
Balance Sheet & Red Flags14/25
Cash & Earnings Quality24/25
Strengths
Rising free cash flowRising earningsCash-backed earningsImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 38.3x5y range 28.8x – 84.4x
P/E 38.3x · near its 18-quarter median

Currently near its 18-quarter median.

P/S · 0.9x5y range 0.2x – 0.9x
P/S 0.9x · above its 20-quarter median

Currently above its 20-quarter median.

P/B · 5.7x5y range 1.9x – 5.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Share Dilution

Watch

Shares outstanding rose 2.0% — mild dilution. Compare to earnings growth to assess the net per-share impact.

Price & Volume
Market Cap $3.92B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$4.51B
7Q
Q. Revenue
$1.14B
11%
TTM EBITDA
$273.76M
7Q
TTM Op. Income
$186.47M
3Q
Q. Op. Income
$51.49M
32%
TTM Net Income
$102.44M
3Q
Q. Net Income
$29.62M
55%
EPS
$0.76
52%
Shares Out.
$38.81M
1%
$4.51B in TTM revenue grew 11.5% YoY, reaching $1.14B last quarter. TTM EBITDA of $273.76M and TTM operating income of $186.47M show growth is flowing through to the bottom line. TTM net income of $102.44M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
25.0%
3%
EBITDA Margin
5.9%
15%
Op. Margin
4.5%
19%
Net Margin
2.6%
39%
Op. margin of 4.5% is up 0.7% YoY — cost efficiency is improving. Net margin at 2.6% and gross margin of 25.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 19% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
38.3x
24%
P/S Ratio
0.9x
2Q
P/B Ratio
5.7x
2Q
At 38.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.9x and P/B of 5.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 24% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$2.08B
2Q
Cash
$164.72M
4Q
Long-Term Debt
$696.77M
2%
Book Value
$686.56M
7Q
D/E Ratio
1.0
7Q
Debt/EBITDA
10.4
23%
With $2.08B in assets and $696.77M in long-term debt, D/E is 1.0and book value is $686.56M — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$44.49M
610%
TTM Free Cash Flow
$181.51M
2Q
FCF Margin
4.0%
2Q
FCF / Net Income
1.8
2Q
TTM FCF of $181.51M on $44.49M in operating cash flow. The FCF / Net Income ratio of 1.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.

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· above its 20-quarter median

Currently above its 20-quarter median.