Chefs' Warehouse (CHEF) Net Margin (2010 - 2026)
Chefs' Warehouse's Net Margin came in at 2.89% for Q2 2026, up 0.84 percentage points from 2.05% a year earlier and up 1.25 percentage points from the prior quarter.
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Analysis
Chefs' Warehouse (CHEF) Net Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 26, 2026, Chefs' Warehouse reported Net Margin of 2.09%, up 0.33 percentage points year-over-year; for FY2025, it was 1.74%, up 0.28 percentage points from FY2024.
- Net Margin carries a five-year change of +9.20 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 1.46% in FY2024 (+0.45 pp), 1.01% in FY2023 (-0.05 pp), 1.06% in FY2022 (+1.34 pp) and -0.28% in FY2021 (+7.18 pp).
- The Q2 2026 figure represents the highest quarterly Net Margin since Q2 2013.
- Year-over-year, Net Margin increased in seven of the last eight quarters, with an average year-over-year change of +0.49 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q4 2021 (a gain of 14.67 percentage points), and the weakest in Q2 2023 (a drop of 1.49 percentage points).
- Business Quant data shows CHEF's Net Margin at 1.64% (Q1 2026), 1.90% (Q4 2025) and 1.87% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 824.47 Bn | 787.18 Bn | 49.13 Bn | 3.39% |
| 2 | Costco Wholesale | 403.75 Bn | 333.05 Bn | 9.01 Bn | 3.11% |
| 3 | Sysco | 37.36 Bn | 31.61 Bn | 4.13 Bn | 2.49% |
| 4 | Kroger | 34.63 Bn | 20.79 Bn | 7.86 Bn | 1.84% |
| 5 | Dollar General | 26.38 Bn | 21.06 Bn | 3.68 Bn | 4.87% |
| 6 | Caseys General Stores | 22.49 Bn | 20.48 Bn | 1.24 Bn | 4.82% |
| 7 | Dollar Tree | 21.40 Bn | 18.02 Bn | 2.10 Bn | 10.52% |
| 8 | US Foods Holding | 19.94 Bn | 19.74 Bn | 1.92 Bn | 2.61% |
| 9 | Tractor Supply | 16.33 Bn | 15.49 Bn | 1.68 Bn | 7.94% |
| 10 | Chefs' Warehouse | 4.57 Bn | 4.13 Bn | 292.89 Mn | 2.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 2.89% |
| Mar 27, 2026 | 1.64% |
| Dec 26, 2025 | 1.90% |
| Sep 26, 2025 | 1.87% |
| Jun 27, 2025 | 2.05% |
| Mar 28, 2025 | 1.08% |
| Dec 27, 2024 | 2.31% |
| Sep 27, 2024 | 1.51% |
| Jun 28, 2024 | 1.63% |
| Mar 29, 2024 | 0.22% |
| Dec 29, 2023 | 1.68% |
| Sep 29, 2023 | 0.83% |
| Jun 30, 2023 | 1.12% |
| Mar 31, 2023 | 0.19% |
| Dec 30, 2022 | 0.15% |
| Sep 23, 2022 | 1.25% |
| Jun 24, 2022 | 2.61% |
| Mar 25, 2022 | 0.27% |
| Dec 24, 2021 | 1.51% |
| Sep 24, 2021 | 0.71% |
API Access
Chefs' Warehouse Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=CHEF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "CHEF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=CHEF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();