Chefs' Warehouse (CHEF) Gross Margin (2010 - 2026)
Chefs' Warehouse (CHEF) posted quarterly Gross Margin of 25.06% for Q2 2026, up 49.0% year-over-year from 16.82% in Q2 2025, and up 3.13% quarter-over-quarter from 24.3% in Q1 2026.
Chefs' Warehouse (CHEF) Gross Margin (2010 - 2026) Analysis & Trends
Chefs' Warehouse (CHEF) has reported Gross Margin for 17 consecutive years, with 25.06% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 49.0% year-over-year to 25.06%; the TTM figure through Jun 2026 stood at 24.46% (up 26.0% YoY), while the FY2025 annual figure was 24.2%, up 10.0% from the prior year.
- Gross Margin grew to 25.06% in Q2 2026 per CHEF's latest filing, from 24.3% in the prior quarter.
- Across five years, Gross Margin topped out at 25.06% in Q2 2026 and bottomed at 22.95% in Q1 2022.
- Historically, Gross Margin has averaged 23.99% across 5 years, with a median of 24.02% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 191 bps — and 2023, when it sank 43 bps.
- Chefs' Warehouse's Gross Margin stood at 23.67% in 2022, then rose by 2 bps to 24.05% in 2023, then rose by 1 bps to 24.28% in 2024, then declined by 0 bps to 24.21% in 2025, then increased by 4 bps to 25.06% in 2026.
- Business Quant data shows CHEF's Gross Margin at 25.06% in Q2 2026, 24.3% in Q1 2026, and 24.21% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sysco | 39.92 Bn | 38.02 Bn | 3.81 Bn | 18.58% |
| 2 | US Foods Holding | 23.75 Bn | 23.70 Bn | 1.92 Bn | 18.22% |
| 3 | Performance Food | 16.22 Bn | 16.13 Bn | 2.17 Bn | 12.03% |
| 4 | Chefs' Warehouse | 4.25 Bn | 4.11 Bn | 292.89 Mn | 25.06% |
| 5 | United Natural Foods | 2.86 Bn | 2.81 Bn | 1.05 Bn | 13.58% |
| 6 | Andersons | 2.28 Bn | 2.22 Bn | 223.73 Mn | 7.22% |
| 7 | Mission Produce | 938.94 Mn | 903.84 Mn | 20.50 Mn | 7.05% |
| 8 | G Willi Food International | 399.11 Mn | 360.19 Mn | 14.95 Mn | 28.31% |
| 9 | HF Foods | 96.98 Mn | 96.98 Mn | 55.05 Mn | 17.00% |
| 10 | Amcon Distributing | 62.36 Mn | 61.72 Mn | 49.80 Mn | 5.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 26, 2026 | 25.06% |
| Mar 27, 2026 | 24.30% |
| Dec 26, 2025 | 24.21% |
| Sep 26, 2025 | 24.20% |
| Jun 27, 2025 | 24.58% |
| Mar 28, 2025 | 23.77% |
| Dec 27, 2024 | 24.28% |
| Sep 27, 2024 | 24.13% |
| Jun 28, 2024 | 23.99% |
| Mar 29, 2024 | 23.95% |
| Dec 29, 2023 | 24.05% |
| Sep 29, 2023 | 23.55% |
| Jun 30, 2023 | 23.64% |
| Mar 31, 2023 | 23.58% |
| Dec 30, 2022 | 23.67% |
| Sep 23, 2022 | 23.84% |
| Jun 24, 2022 | 24.07% |
| Mar 25, 2022 | 22.95% |
| Dec 24, 2021 | 22.51% |
| Sep 24, 2021 | 22.71% |