Grocery Outlet vs United Natural Foods
United Natural Foods reported revenue of $31.2 billion in fiscal 2026, 6.6 times Grocery Outlet's $4.7 billion in fiscal 2025. Grocery Outlet's revenue grew 7.3% in its latest year, and United Natural Foods' fell 2.0%. Grocery Outlet had an operating margin of -4.7%, against 0.7% at United Natural Foods. Free cash flow was $24 million at Grocery Outlet and $323 million at United Natural Foods. Their fiscal years end in different months (January 3 and August 1), so the periods don't line up exactly.
Side by side
| Grocery Outlet | United Natural Foods | |
|---|---|---|
| Latest fiscal year | FY2025, Jan 3, 2026 | FY2026, Aug 1, 2026 |
| Revenue | $4.7B | $31.2B |
| Revenue growth | 7.3% | −2.0% |
| Revenue growth a year, last 5 years | 8.4% | 2.9% |
| Gross margin | 30.3% | 13.5% |
| Operating margin | −4.7% | 0.7% |
| Net margin | −4.8% | 0.3% |
| Free cash flow | $24M | $323M |
| Free cash flow margin | 0.5% | 1.0% |
| Return on capital | −11.6% | 5.3% |
| Net debt to EBITDA | — | 3.0x |
| Dividends and buybacks | $0M | $50M |
| Change in diluted share count | −1.6% | 4.3% |
| Last close | $13.06 | $48.25 |
| P/E at the last close | — | 36.0× |
| Insider trades, last 12 months | bought $8.3 million, sold $923,210 | bought $573,000, sold $1.2 million |
| Piotroski F-score | 5 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ 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
Grocery OutletUnited Natural Foods
Operating margin
Percent of revenue
Grocery OutletUnited Natural Foods
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Grocery OutletUnited Natural Foods
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 Grocery Outlet and United Natural Foods pages.