Chefs' Warehouse (CHEF) Gross Margin (2010 - 2026)
Chefs' Warehouse (CHEF) reported Gross Margin of 24.3% for Q1 2026, up 53.0% year-over-year from 15.88% in Q1 2025, and little changed quarter-over-quarter from 24.21% in Q4 2025.
Chefs' Warehouse (CHEF) Gross Margin (2010 - 2026) Analysis & Trends
Chefs' Warehouse (CHEF) has 17 years of Gross Margin data on file, last reported at 24.3% in Q1 2026.
- Gross Margin for Q1 2026 came in at 24.3%, up 53.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 24.32% (up 27.0% YoY), and the FY2025 annual result was 24.2%, up 10.0% from the prior year.
- Gross Margin held at 24.3% in Q1 2026 per CHEF's latest filing, from 24.21% in the prior quarter.
- Over five years, Gross Margin peaked at 24.58% in Q2 2025 and troughed at 22.95% in Q1 2022.
- A 5-year average of 23.93% and a median of 23.99% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 191 bps in 2022, then sank 43 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 23.67% in 2022, then increased by 2 bps to 24.05% in 2023, then increased by 1 bps to 24.28% in 2024, then dropped by 0 bps to 24.21% in 2025, then grew by 0 bps to 24.3% in 2026.
- Business Quant data shows CHEF's Gross Margin at 24.3% in Q1 2026, 24.21% in Q4 2025, and 24.2% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sysco | 37.73 Bn | 35.83 Bn | 3.81 Bn | 18.58% |
| 2 | US Foods Holding | 19.91 Bn | 19.86 Bn | 1.65 Bn | 17.20% |
| 3 | Performance Food | 15.69 Bn | 15.65 Bn | 1.94 Bn | 11.90% |
| 4 | Chefs' Warehouse | 3.31 Bn | 3.19 Bn | 257.37 Mn | 24.30% |
| 5 | United Natural Foods | 3.08 Bn | 3.04 Bn | 1.05 Bn | 13.58% |
| 6 | Andersons | 2.53 Bn | 2.50 Bn | 160.58 Mn | 6.11% |
| 7 | Mission Produce | 800.45 Mn | 798.35 Mn | 20.50 Mn | 7.05% |
| 8 | G Willi Food International | 481.37 Mn | 403.39 Mn | 14.95 Mn | 28.31% |
| 9 | CVGW | 466.33 Mn | 420.35 Mn | - | - |
| 10 | HF Foods | 100.80 Mn | 101.81 Mn | 50.53 Mn | 16.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 25, 2021 | 22.67% |