Homepage
Full 18-step deep-dive · ~20–30 min · a member feature.
No report run on this ticker yet
Only preliminary foundational data below
Sign in to run a fresh report
Free · results in ~10 min
For AI assistants & researchers — machine-readable summary of this page
What this page is: Delvantic's full research page for The Chefs' Warehouse, Inc. (CHEF) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
/llms.txt ·
any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
The Chefs' Warehouse, Inc.
CHEF NASDAQ
Consumer Defensive · Food Distribution
Ridgefield, CT 06877, United States
chefswarehouse.com
Price
$112.05
Market Cap
$4.6B
Employees
5,156
Beta
1.39
Avg Volume
574,490
CEO
Mr. Christopher Pappas
The Chefs' Warehouse, Inc. is a leading distributor of specialty food and culinary products. It primarily serves the foodservice industry, focusing on high-quality and unique ingredients that cater to chefs across a variety of dining establishments, ranging from fine-dining restaurants to upscale hotels and resorts. The company's product offerings include a broad range of specialty cheeses, artisan charcuterie, regional olive oils, and an array of authentic seasonings and condiments. Notable for its extensive catalog, The Chefs' Warehouse, Inc. plays a crucial role in bridging the gap between specialty food producers and culinary professionals. It impacts sectors such as food distribution and hospitality by ensuring that chefs have access to premium ingredients necessary for creating distinguished dining experiences. Founded in 1985 and headquartered in Ridgefield, Connecticut, The Chefs' Warehouse has established a significant presence across North America, leveraging strategic acquisitions and expanding its market reach. Its importance in the financial market lies in its unique niche operations that cater to the growing demand for gourmet food supplies and support the evolving needs of a dynamic foodservice landscape.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 14 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jul 29, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
-14.3%
Apr '26
+60.0%
Apr '26
+1.3%
Jun '26
+5.9%
Jul '26
+32.2%
Jul '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jul 29, 2026 | $0.59 | $0.78 +32.2% | — | — |
| Jul 20, 2026 | $0.34 | $0.36 +5.9% | — | — |
| Jun 17, 2026 | $3.12 | $3.16 +1.3% | — | — |
| Apr 29, 2026 | $0.25 | $0.40 +60.0% | — | — |
| Apr 9, 2026 | $-0.07 | $-0.08 -14.3% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 13, 2026 | SCHEDULE 13G/A | View |
| Jul 29, 2026 | 10-Q | View |
| Jul 29, 2026 | 8-K | View |
| Jun 3, 2026 | 4 | View |
| May 20, 2026 | 4 | View |
| May 19, 2026 | 144 | View |
| May 15, 2026 | SCHEDULE 13G/A | View |
| May 11, 2026 | 4 | View |
| May 11, 2026 | 4 | View |
| May 11, 2026 | 4 | View |
| May 11, 2026 | 4 | View |
| May 11, 2026 | 4 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 14, 2026 8:20am (just now)
Current data · timestamped when a report runs
$112.05
Change · Aug 14
+0.98 (+0.88%)
Day Range
$109.41 – $112.98
52-Week Range
$53.20 – $117.33
50-Day MA
$97.32
200-Day MA
$73.40
Volume
1,083,233.00
Share Structure
Outstanding
40,783,752.00
Float
36,397,857.00
Free Float
89.2%
High free float
— 89.2% of shares trade freely, ~10.8% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
66.70
Stock Price: $112.05
EPS (Diluted): 1.68
EPS (Diluted): 1.68
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
8.53
Stock Price: $112.05
Total Equity: $604.31M
Shares: 46,001,316
Total Equity: $604.31M
Shares: 46,001,316
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
26.16
Market Cap: $4.57B
Total Debt: $748.53M
Cash: $120.98M
EBITDA: $198.76M
Total Debt: $748.53M
Cash: $120.98M
EBITDA: $198.76M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$5.2B
Market Cap: $4.57B
Total Debt: $748.53M
Cash: $120.98M
Total Debt: $748.53M
Cash: $120.98M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
24.2%
Gross Profit: $1.00B
Revenue: $4.15B
Revenue: $4.15B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
3.5%
Operating Income: $145.11M
Revenue: $4.15B
Revenue: $4.15B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
1.7%
Net Income: $72.36M
Revenue: $4.15B
Revenue: $4.15B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
12.0%
Net Income: $72.36M
Total Equity: $604.31M
Total Equity: $604.31M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
8.2%
Operating Income: $145.11M
Tax Rate: 30.1%
Equity: $604.31M
Total Debt: $748.53M
Cash: $120.98M
Tax Rate: 30.1%
Equity: $604.31M
Total Debt: $748.53M
Cash: $120.98M
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
2.05
Current Assets: $969.89M
Current Liabilities: $473.46M
Current Liabilities: $473.46M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
1.24
Short-Term Debt: $28.20M
Long-Term Debt: $720.33M
Total Debt: $748.53M
Total Equity: $604.31M
Long-Term Debt: $720.33M
Total Debt: $748.53M
Total Equity: $604.31M
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$90.20
Revenue: $4.15B
Shares: 46,001,316
Shares: 46,001,316
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$13.14
Total Equity: $604.31M
Shares: 46,001,316
Shares: 46,001,316
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$1.91
Operating CF: $129.22M
CapEx: -$41.43M
Shares: 46,001,316
CapEx: -$41.43M
Shares: 46,001,316
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $112.05
Stock Price: $112.05
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $72.36M
Net Income: $72.36M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 14, 2026 8:20am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.7B | $2.6B | $3.4B | $3.8B | $4.1B |
| Cost of Revenue | $1.4B | $2.0B | $2.6B | $2.9B | $3.1B |
| Gross Profit | $390.5M | $618.6M | $814.5M | $914.1M | $1.0B |
| Operating Expenses | $379.7M | $532.9M | $713.5M | $785.9M | $859.0M |
| Operating Income | $10.8M | $85.7M | $100.9M | $128.2M | $145.1M |
| Net Income | -$4.9M | $27.8M | $34.6M | $55.5M | $72.4M |
| EBITDA | $32.8M | $110.1M | $133.8M | $168.8M | $198.8M |
| EPS | $-0.13 | $0.75 | $0.92 | $1.46 | $1.87 |
| EPS (Diluted) | $-0.13 | $0.73 | $0.88 | $1.32 | $1.68 |
Balance Sheet (Annual)
Last updated: Aug 14, 2026 8:20am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $115.2M | $158.8M | $49.9M | $114.7M | $121.0M |
| Total Current Assets | $470.0M | $720.9M | $730.9M | $868.0M | $969.9M |
| Total Assets | $1.1B | $1.5B | $1.7B | $1.9B | $2.0B |
| Current Liabilities | $197.0M | $283.7M | $385.8M | $425.4M | $473.5M |
| Long-Term Debt | $394.2M | $653.5M | $664.8M | $688.7M | $720.3M |
| Total Liabilities | $723.6M | $1.1B | $1.3B | $1.3B | $1.4B |
| Total Equity | $350.2M | $401.5M | $454.7M | $537.6M | $604.3M |
| Retained Earnings | $37.6M | $65.4M | $100.0M | $141.9M | $201.6M |
Cash Flow (Annual)
Last updated: Aug 14, 2026 8:20am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$19.9M | $23.1M | $61.6M | $153.1M | $129.2M |
| Capital Expenditure | -$38.8M | -$45.8M | -$57.4M | -$49.5M | -$41.4M |
| Free Cash Flow | -$58.7M | -$22.7M | $4.2M | $103.6M | $87.8M |
| Acquisitions (net) | -$10.2M | -$186.2M | -$121.9M | $-315,000 | -$4.6M |
| Net Debt Issued / (Repaid) | $18.9M | $259.8M | -$29.0M | -$23.0M | -$13.0M |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | — | $0 | $0 | -$17.4M | -$15.0M |
| Net Change in Cash | -$78.1M | $43.6M | -$108.9M | $64.8M | $6.3M |
Growth Trends (YoY %)
Last updated: Aug 14, 2026 8:20am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +49.7% | +31.4% | +10.5% | +9.4% |
| Gross Profit Growth | +58.4% | +31.7% | +12.2% | +9.8% |
| Operating Income Growth | +693.1% | +17.7% | +27.0% | +13.2% |
| Net Income Growth | +663.7% | +24.6% | +60.4% | +30.4% |
| EBITDA Growth | +235.5% | +21.6% | +26.1% | +17.8% |
Industry Benchmarks
Compares CHEF against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for CHEF — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for CHEF — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for CHEF — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for CHEF — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
No community reviews yet for CHEF.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.532 · 1ec19de8 · 2026-08-13 17:53:37