Performance Food Group CompanyPFGC
NYSE•Consumer Defensive•Food Distribution
Performance Food Group Company, through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America. It operates through three segments: Foodservice, Convenience, and Specialty. The company offers beef, pork, poultry, and seafood; frozen food and refrigerated products; dry groceries comprising cleaning and kitchen supplies and disposables; candy, snacks, and beverages; and fresh products, groceries, dairy, bread, beverages, general merchandise, and health and beauty care products, as well as cigarettes and other nicotine products. It also operates distribution centers. In addition, the company provides marketing programs and technology solutions to customer locations, as well as value-added services in the areas of product selection and procurement, menu development, and operational strategy. It serves individual restaurants, national and regional chain restaurants, vending distributors, theaters, retailers, and national, regional, and independent convenience stores. Performance Food Group Company was founded in 1885 and is headquartered in Richmond, Virginia.
Performance Food Group Company (PFGC) reported trailing twelve months revenue of $82.17B as of March 2026, a 7.9% decline year-over-year. Quarterly revenue reached $16.29B, reflecting a contraction in sales.
Performance Food Group Company generated $436.50M in TTM net income, with quarterly EBITDA of $353.90M. The operating margin contracted from 1.1% to 0.9%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (0.9%) and net margin (0.3%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 0.4% a year ago, reflecting increased costs or interest expense.
PFGC trades at a P/E of 29.7x (in line with broad market averages) and a P/S of 0.2x. The price-to-book ratio of 2.7x reflects a moderate premium to book value.
The company generated $542.30M in free cash flow over the trailing twelve months, a 69.8% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $18.41B in total assets with $5.12B in long-term debt against $4.72B in stockholders equity for a debt-to-equity ratio of 1.1. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~1.2% 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.
6 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 ~14.0% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~1.2% — 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 1.1 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation