Growth Metrics

Chefs' Warehouse (CHEF) Operating Margin (2016 - 2025)

Chefs' Warehouse (CHEF) has disclosed Operating Margin for 16 consecutive years, with 3.78% as the latest value for Q4 2025.

  • On a quarterly basis, Operating Margin fell 71.0% to 3.78% in Q4 2025 year-over-year; TTM through Dec 2025 was 3.5%, a 12.0% increase, with the full-year FY2025 number at 3.5%, up 12.0% from a year prior.
  • Operating Margin was 3.78% for Q4 2025 at Chefs' Warehouse, down from 3.81% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 4.49% in Q4 2024 to a low of 7.18% in Q1 2021.
  • A 5-year average of 2.51% and a median of 3.12% in 2022 define the central range for Operating Margin.
  • Biggest YoY gain for Operating Margin was 1997bps in 2021; the steepest drop was -264bps in 2021.
  • Chefs' Warehouse's Operating Margin stood at 2.84% in 2021, then skyrocketed by 33bps to 3.76% in 2022, then rose by 7bps to 4.01% in 2023, then grew by 12bps to 4.49% in 2024, then decreased by -16bps to 3.78% in 2025.
  • Per Business Quant, the three most recent readings for CHEF's Operating Margin are 3.78% (Q4 2025), 3.81% (Q3 2025), and 3.89% (Q2 2025).