Latest Ratios: P/E Ratio 22.4x · EV/EBITDA 12.8x · ROE 97.5%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $40.0B | $36.7B | $35.9B | $37.8B | $44.4B | $39.3B | $26.9B | $37.0B | $36.1B | $27.6B | $29.3B |
| Enterprise Value | $53.4B | $50.2B | $48.2B | $48.2B | $54.9B | $48.1B | $35.9B | $44.7B | $43.9B | $34.9B | $32.8B |
| P/E Ratio → | 22.39 | 20.11 | 18.35 | 21.38 | 32.70 | 75.09 | 124.52 | 22.10 | 25.29 | 24.20 | 30.94 |
| P/S Ratio | 0.49 | 0.45 | 0.46 | 0.50 | 0.65 | 0.77 | 0.51 | 0.62 | 0.62 | 0.50 | 0.58 |
| P/B Ratio | 22.03 | 19.79 | 18.99 | 18.52 | 31.37 | 24.78 | 22.54 | 14.58 | 14.20 | 11.20 | 8.24 |
| P/FCF | 22.46 | 20.63 | 16.65 | 18.23 | 38.32 | 27.44 | 29.93 | 21.53 | 24.62 | 17.86 | 20.05 |
| P/OCF | 14.89 | 13.67 | 12.02 | 13.19 | 24.77 | 20.66 | 16.61 | 15.35 | 16.76 | 12.37 | 14.73 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.62 | 0.61 | 0.63 | 0.80 | 0.94 | 0.68 | 0.74 | 0.75 | 0.63 | 0.65 |
| EV / EBITDA | 12.80 | 12.02 | 11.47 | 12.28 | 17.01 | 20.94 | 21.58 | 14.44 | 14.26 | 11.82 | 13.06 |
| EV / EBIT | 17.30 | 16.45 | 15.18 | 17.16 | 23.15 | 32.87 | 51.17 | 18.88 | 18.67 | 16.88 | 18.87 |
| EV / FCF | — | 28.17 | 22.33 | 23.25 | 47.40 | 33.59 | 39.97 | 25.98 | 29.92 | 22.59 | 22.46 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.4% | 18.4% | 18.5% | 18.3% | 17.9% | 18.2% | 18.7% | 19.0% | 18.9% | 19.1% | 17.9% |
| Operating Margin | 3.8% | 3.8% | 4.1% | 4.0% | 3.4% | 2.8% | 1.4% | 3.9% | 3.9% | 3.7% | 3.7% |
| Net Profit Margin | 2.2% | 2.2% | 2.5% | 2.3% | 2.0% | 1.0% | 0.4% | 2.8% | 2.4% | 2.1% | 1.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 97.5% | 97.5% | 99.4% | 102.4% | 90.5% | 37.7% | 11.6% | 65.9% | 57.1% | 38.0% | 21.4% |
| ROA | 7.1% | 7.1% | 8.2% | 7.9% | 6.2% | 2.4% | 1.1% | 9.3% | 8.0% | 6.6% | 5.5% |
| ROIC | 15.7% | 15.7% | 18.1% | 18.7% | 15.8% | 10.5% | 5.5% | 17.0% | 17.3% | 18.3% | 19.1% |
| ROCE | 19.0% | 19.0% | 21.4% | 22.0% | 17.1% | 9.6% | 5.4% | 20.0% | 20.0% | 17.2% | 17.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 7.81 | 7.81 | 6.85 | 5.47 | 8.05 | 7.45 | 12.64 | 3.22 | 3.27 | 3.33 | 2.09 |
| Debt / EBITDA | 3.47 | 3.47 | 3.08 | 2.84 | 3.53 | 5.14 | 9.06 | 2.64 | 2.70 | 2.77 | 2.96 |
| Net Debt / Equity | — | 7.23 | 6.48 | 5.10 | 7.44 | 5.55 | 7.56 | 3.01 | 3.06 | 2.97 | 0.99 |
| Net Debt / EBITDA | 3.22 | 3.22 | 2.92 | 2.65 | 3.26 | 3.83 | 5.42 | 2.47 | 2.52 | 2.48 | 1.40 |
| Debt / FCF | — | 7.54 | 5.68 | 5.02 | 9.09 | 6.15 | 10.04 | 4.45 | 5.30 | 4.74 | 2.41 |
| Interest Coverage | 4.80 | 4.80 | 5.23 | 5.34 | 3.80 | 1.66 | 1.72 | 6.57 | 5.95 | 6.83 | 5.68 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.21 | 1.21 | 1.20 | 1.24 | 1.20 | 1.47 | 1.84 | 1.33 | 1.21 | 1.32 | 2.27 |
| Quick Ratio | 0.70 | 0.70 | 0.69 | 0.72 | 0.69 | 0.96 | 1.38 | 0.81 | 0.74 | 0.83 | 1.67 |
| Cash Ratio | 0.11 | 0.11 | 0.08 | 0.09 | 0.10 | 0.41 | 0.90 | 0.08 | 0.08 | 0.14 | 0.88 |
| Asset Turnover | — | 3.04 | 3.16 | 3.34 | 3.11 | 2.40 | 2.34 | 3.35 | 3.25 | 3.12 | 3.01 |
| Inventory Turnover | 13.14 | 13.14 | 13.73 | 13.92 | 12.69 | 11.35 | 13.89 | 15.14 | 15.24 | 14.96 | 15.66 |
| Days Sales Outstanding | — | 24.70 | 24.75 | 24.38 | 25.92 | 26.97 | 20.71 | 25.51 | 25.72 | 26.56 | 24.50 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.4% | 2.7% | 2.8% | 2.6% | 2.2% | 2.3% | 3.2% | 2.1% | 2.0% | 2.5% | 2.4% |
| Payout Ratio | 54.7% | 54.7% | 51.6% | 56.3% | 70.6% | 175.0% | 397.4% | 46.3% | 50.5% | 61.2% | 73.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.5% | 5.0% | 5.4% | 4.7% | 3.1% | 1.3% | 0.8% | 4.5% | 4.0% | 4.1% | 3.2% |
| FCF Yield | 4.5% | 4.8% | 6.0% | 5.5% | 2.6% | 3.6% | 3.3% | 4.6% | 4.1% | 5.6% | 5.0% |
| Buyback Yield | 3.1% | 3.4% | 3.4% | 1.3% | 1.1% | 0.0% | 3.1% | 2.8% | 2.7% | 6.8% | 6.7% |
| Total Shareholder Yield | 5.6% | 6.1% | 6.2% | 4.0% | 3.3% | 2.3% | 6.3% | 4.9% | 4.7% | 9.4% | 9.0% |
| Shares Outstanding | — | $490M | $503M | $510M | $514M | $514M | $514M | $523M | $529M | $549M | $577M |
High leverage and thin margins
According to current market data, Sysco trades at a forward P/E of 18.06, which appears elevated given the reported 3.20% revenue growth, suggesting investors are pricing in a stability premium that may not be fully supported by the company's recent decelerating top-line performance and margin compression.
The current valuation multiples imply an expectation of consistent earnings growth that contrasts with the reality of a mature, low-margin distribution business. Investors should monitor whether the PEG ratio of 0.41 reflects genuine undervaluation or a market failure to account for the structural risks inherent in the company's high-leverage capital structure.
Based on reported financial statements, Sysco's ROIC has trended downward from 5.1% in 2024Q4 to 2.8% in 2026Q3, indicating that the company is struggling to generate adequate returns on its expanding asset base as the cost of capital likely outpaces operational efficiency gains.
The persistent decline in ROIC suggests that recent investments in logistics and acquisitions are failing to drive incremental value, potentially due to the integration challenges of international segments. This trend warrants further investigation into whether the company's capital allocation strategy is prioritizing scale over the fundamental profitability of its invested capital.
As reported in quarterly filings, the cash conversion cycle has remained volatile, fluctuating between 16 and 20 days over the last ten quarters, which highlights the operational friction Sysco faces in managing its inventory and receivables against a backdrop of thin operating margins.
The reliance on a tight cash conversion cycle to maintain liquidity leaves the company vulnerable to any disruption in the supply chain or delays in customer payments. The data suggests that even minor inefficiencies in the 'hub-and-spoke' logistics model can lead to significant cash flow volatility, complicating the company's ability to fund its dividend commitments.
According to recent balance sheet data, Sysco's debt-to-equity ratio reached 6.76 in 2026Q3, a level that appears significantly elevated compared to historical norms and suggests that the company's growth is heavily financed by external debt rather than internal equity accumulation.
This high leverage profile limits the company's capacity to navigate industry-wide downturns or invest in necessary technological upgrades without further straining its balance sheet. Investors should monitor the interest coverage ratio, which has trended downward, indicating that debt service is becoming increasingly burdensome relative to operating income.
The P/E ratio is frequently misapplied to Sysco, as it obscures the massive impact of non-cash charges and LIFO inventory accounting adjustments that can artificially deflate reported earnings in inflationary environments, leading to a distorted view of the company's true cash-generating power.
Analysts should instead prioritize EV/EBITDA or P/FCF to better capture the underlying operational cash flow, as these metrics are less susceptible to the accounting nuances of the food distribution sector. Relying solely on P/E ignores the reality that Sysco is a capital-intensive logistics platform where depreciation and interest expenses are fundamental to the business model.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SYY stock.
Sysco Corporation's current P/E ratio is 22.4x. The historical average is 28.5x. This places it at the 40th percentile of its historical range.
Sysco Corporation's current EV/EBITDA is 12.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.5x.
Sysco Corporation's return on equity (ROE) is 97.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 39.0%.
Based on historical data, Sysco Corporation is trading at a P/E of 22.4x. This is at the 40th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Sysco Corporation's current dividend yield is 2.44% with a payout ratio of 54.7%.
Sysco Corporation has 18.4% gross margin and 3.8% operating margin.
Sysco Corporation's Debt/EBITDA ratio is 3.5x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.