Andersons vs Chefs' Warehouse
Andersons reported revenue of $11.0 billion in fiscal 2025, 2.7 times Chefs' Warehouse's $4.1 billion in fiscal 2025. Andersons' revenue fell 2.2% in its latest year, and Chefs' Warehouse's grew 9.4%. Free cash flow was −$56 million at Andersons and $88 million at Chefs' Warehouse. Their fiscal years end in different months (December 31 and December 26), so the periods don't line up exactly.
Side by side
| Andersons | Chefs' Warehouse | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 26, 2025 |
| Revenue | $11.0B | $4.1B |
| Revenue growth | −2.2% | 9.4% |
| Revenue growth a year, last 5 years | 6.4% | 30.1% |
| Gross margin | 6.5% | 24.2% |
| Operating margin | — | 3.5% |
| Net margin | 0.9% | 1.7% |
| Free cash flow | −$56M | $88M |
| Free cash flow margin | −0.5% | 2.1% |
| Return on capital | 9.2% | 8.5% |
| Net debt to EBITDA | 1.5x | 3.2x |
| Dividends and buybacks | $42M | $15M |
| Change in diluted share count | 0.0% | 0.0% |
| Last close | $64.58 | $106.33 |
| P/E at the last close | 23.1× | 58.1× |
| Insider trades, last 12 months | sold $9.9 million | sold $35.7 million |
| Piotroski F-score | 5 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
AndersonsChefs' Warehouse
Operating margin
Percent of revenue
AndersonsChefs' Warehouse
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AndersonsChefs' Warehouse
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Andersons and Chefs' Warehouse pages.