SYSCO CORP
$77.10
+0.86 (+1.13%) · delayed · Nov 13, 2026
Five-year price
52w $68.19 to $91.85
- Market cap
- $38.0B
- Enterprise value
- $48.5B
- P/E
- 21.1×
- 20.5× on 3y avg EPS
- EV / EBIT
- 15.7×
- FCF yield
- 5.1%
- ROIC
- 18.1%
- Debt / equity
- 4.62
- Piotroski F
- 7/9
Value scorecard · FY2026
Does it pass the value tests?
Quality
100
- ●ROIC > 12% (5y avg)5y avg ROIC 18.5%
- ●ROE > 15% (5y avg)5y avg ROE 91.5%
- ●Stable operating marginsMargin volatility 0.2% (σ, 5y)
- ●Earnings convert to cashFCF / net income 102% (5y avg)
- ●Growing revenueRevenue CAGR 5y 10.5%
- ●Shrinking share countDiluted shares -6.4% over 5y
Value
0
- ○P/E below 15P/E 21.1
- ○EV/EBIT below 12EV/EBIT 15.7
- ○FCF yield above 6%FCF yield 5.1%
- ○Price below Graham NumberGraham Number $21.12
- ○P/B below 3P/B 14.2
Safety
20
- ○Debt / equity below 0.5D/E 4.62
- ○Debt payable in < 4 yrs of earningsNet debt $10.5B
- ○Interest coverage > 8xCoverage 4.6x
- ○Current ratio > 1.5Current ratio 1.28
- ●Piotroski F-score ≥ 6F-score 7/9
Graham Defensive
57
- ●Adequate size (revenue > $2B)Revenue $84.6B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.28
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 41%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 20.5
- ○P/E × P/B ≤ 22.5Product 291.9
Valuation lab
What do you have to believe?
At $77.10, the market is pricing in about 8.6% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $10.5B · 492M shares · 5y revenue CAGR 10.5%
Intrinsic value
$96.64
Price
$77.10
Margin of safety
20%
What the price implies
The market is paying for 8.6% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
63% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 55,371 | 58,727 | 60,114 | 52,893 | 51,298 | 68,636 | 76,325 | 78,844 | 81,370 | 84,553 |
| Gross profit | 10,558 | 11,085 | 11,409 | 9,902 | 9,357 | 12,320 | 13,955 | 14,608 | 14,969 | 15,639 |
| Operating income | 2,055 | 2,314 | 2,330 | 750 | 1,447 | 2,346 | 3,039 | 3,202 | 3,088 | 3,095 |
| Operating margin | 3.7% | 3.9% | 3.9% | 1.4% | 2.8% | 3.4% | 4.0% | 4.1% | 3.8% | 3.7% |
| Pre-tax income | 1,766 | 1,956 | 2,006 | 293 | 585 | 1,747 | 2,285 | 2,565 | 2,415 | 2,276 |
| Income tax | 624 | 525 | 332 | 78 | 61 | 388 | 515 | 610 | 587 | 519 |
| Net income | 1,143 | 1,431 | 1,674 | 215 | 524 | 1,359 | 1,770 | 1,955 | 1,828 | 1,757 |
| EPS (diluted) | 2.08 | 2.70 | 3.20 | 0.42 | 1.02 | 2.64 | 3.47 | 3.89 | 3.73 | 3.66 |
| Diluted shares | 549 | 529 | 523 | 514 | 514 | 514 | 510 | 503 | 490 | 481 |
Who owns it