Chefs' Warehouse (CHEF) Operating Margin (2010 - 2026)
Chefs' Warehouse (CHEF) reported Operating Margin of 3.13% for Q1 2026, up 74.0% year-over-year from 1.8% in Q1 2025, and down 17.29% quarter-over-quarter from 3.78% in Q4 2025.
Chefs' Warehouse (CHEF) Operating Margin (2010 - 2026) Analysis & Trends
Chefs' Warehouse (CHEF) has 17 years of Operating Margin data on file, last reported at 3.13% in Q1 2026.
- Operating Margin for Q1 2026 came in at 3.13%, up 74.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.65% (up 17.0% YoY), and the FY2025 annual result was 3.5%, up 12.0% from the prior year.
- Operating Margin retreated to 3.13% in Q1 2026 per CHEF's latest filing, from 3.78% in the prior quarter.
- Over five years, Operating Margin peaked at 4.49% in Q4 2024 and troughed at 1.22% in Q1 2022.
- A 5-year average of 3.2% and a median of 3.42% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin surged 841 bps in 2022, then sank 139 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 3.76% in 2022, then advanced by 7 bps to 4.01% in 2023, then climbed by 12 bps to 4.49% in 2024, then retreated by 16 bps to 3.78% in 2025, then slipped by 17 bps to 3.13% in 2026.
- Business Quant data shows CHEF's Operating Margin at 3.13% in Q1 2026, 3.78% in Q4 2025, and 3.81% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sysco | 37.73 Bn | 35.83 Bn | 3.81 Bn | 3.02% |
| 2 | US Foods Holding | 19.91 Bn | 19.86 Bn | 1.65 Bn | 2.25% |
| 3 | Performance Food | 15.69 Bn | 15.65 Bn | 1.94 Bn | 0.91% |
| 4 | Chefs' Warehouse | 3.31 Bn | 3.19 Bn | 257.37 Mn | 3.13% |
| 5 | United Natural Foods | 3.08 Bn | 3.04 Bn | 1.05 Bn | 0.85% |
| 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 | -2.41% |
| 8 | G Willi Food International | 481.37 Mn | 403.39 Mn | 14.95 Mn | 23.31% |
| 9 | CVGW | 466.33 Mn | 420.35 Mn | - | - |
| 10 | HF Foods | 100.80 Mn | 101.81 Mn | 50.53 Mn | 0.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 27, 2026 | 3.13% |
| Dec 26, 2025 | 3.78% |
| Sep 26, 2025 | 3.81% |
| Jun 27, 2025 | 3.89% |
| Mar 28, 2025 | 2.39% |
| Dec 27, 2024 | 4.49% |
| Sep 27, 2024 | 3.42% |
| Jun 28, 2024 | 3.55% |
| Mar 29, 2024 | 1.83% |
| Dec 29, 2023 | 4.01% |
| Sep 29, 2023 | 2.90% |
| Jun 30, 2023 | 2.87% |
| Mar 31, 2023 | 1.65% |
| Dec 30, 2022 | 3.76% |
| Sep 23, 2022 | 3.34% |
| Jun 24, 2022 | 4.26% |
| Mar 25, 2022 | 1.22% |
| Dec 24, 2021 | 2.84% |
| Sep 24, 2021 | 2.16% |
| Jun 25, 2021 | 1.10% |