Chefs' Warehouse (CHEF) Operating Margin (2010 - 2026)
Chefs' Warehouse (CHEF) posted quarterly Operating Margin of 5.02% for Q2 2026, up 113.0% year-over-year from 2.36% in Q2 2025, and up 60.35% quarter-over-quarter from 3.13% in Q1 2026.
Chefs' Warehouse (CHEF) Operating Margin (2010 - 2026) Analysis & Trends
Chefs' Warehouse (CHEF) has reported Operating Margin for 17 consecutive years, with 5.02% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin rose 113.0% year-over-year to 5.02%; the TTM figure through Jun 2026 stood at 3.96% (up 38.0% YoY), while the FY2025 annual figure was 3.5%, up 12.0% from the prior year.
- Operating Margin improved to 5.02% in Q2 2026 per CHEF's latest filing, from 3.13% in the prior quarter.
- Across five years, Operating Margin topped out at 5.02% in Q2 2026 and bottomed at 1.22% in Q1 2022.
- Historically, Operating Margin has averaged 3.3% across 5 years, with a median of 3.49% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin surged 841 bps — and 2023, when it sank 139 bps.
- Chefs' Warehouse's Operating Margin stood at 3.76% in 2022, then climbed by 7 bps to 4.01% in 2023, then grew by 12 bps to 4.49% in 2024, then decreased by 16 bps to 3.78% in 2025, then surged by 33 bps to 5.02% in 2026.
- Business Quant data shows CHEF's Operating Margin at 5.02% in Q2 2026, 3.13% in Q1 2026, and 3.78% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sysco | 39.92 Bn | 38.02 Bn | 3.81 Bn | 3.02% |
| 2 | US Foods Holding | 23.75 Bn | 23.70 Bn | 1.92 Bn | 4.21% |
| 3 | Performance Food | 16.22 Bn | 16.13 Bn | 2.17 Bn | 1.80% |
| 4 | Chefs' Warehouse | 4.25 Bn | 4.11 Bn | 292.89 Mn | 5.02% |
| 5 | United Natural Foods | 2.86 Bn | 2.81 Bn | 1.05 Bn | 0.85% |
| 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 | -2.41% |
| 8 | G Willi Food International | 399.11 Mn | 360.19 Mn | 14.95 Mn | 23.31% |
| 9 | HF Foods | 96.98 Mn | 96.98 Mn | 55.05 Mn | 0.87% |
| 10 | Amcon Distributing | 62.36 Mn | 61.72 Mn | 49.80 Mn | 0.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 26, 2026 | 5.02% |
| 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% |