AramarkARMK
NYSE•Industrials•Specialty Business Services
Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. The company operates in two segments, Food and Support Services United States, and Food and Support Services International. It offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services. The company also provides on-site restaurants, catering, convenience stores, and executive dining services; beverage and vending services; and facility management services comprising landscaping, transportation, capital program management, payment services, and other facility consulting services relating to building operations. In addition, it offers concessions, banquet, and catering services; retail services and merchandise sale, recreational, and lodging services; and facility management services at sports, entertainment, and recreational facilities. Further, the company offers correctional food; and operates commissaries, laundry facilities, and property rooms. The company was formerly known as ARAMARK Holdings Corporation. Aramark was founded in 1959 and is based in Philadelphia, Pennsylvania.
Aramark (ARMK) reported trailing twelve months revenue of $19.41B as of April 2026, a 10.2% increase year-over-year. Quarterly revenue reached $4.91B, reflecting continued top-line momentum.
Aramark generated $357.03M in TTM net income, with quarterly EBITDA of $351.95M. The operating margin expanded from 4.1% to 4.5%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (4.5%) and net margin (2.1%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 1.4% a year ago, signaling stronger bottom-line efficiency.
ARMK trades at a P/E of 31.4x (a premium multiple) and a P/S of 0.6x. The price-to-book ratio of 3.4x reflects a moderate premium to book value.
The company generated $298.98M in free cash flow over the trailing twelve months, a 113.3% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $13.84B in total assets with $6.06B in long-term debt against $3.28B in stockholders equity for a debt-to-equity ratio of 1.8. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~4.3% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~10.7% on average, adequate but below the threshold typically associated with wide moats.
5 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (6 of 7 quarters up), with ~8.5% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~4.3% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
D/E ratio is 1.8 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Share count is stable — no significant dilution or buyback activity.