Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Sysco Corp., profitability ratios
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Sysco Corp. gross profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Sysco Corp. operating profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Sysco Corp. net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Sysco Corp. ROE deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Sysco Corp. ROA improved from 2022 to 2023 and from 2023 to 2024. |
Gross Profit Margin
Sysco Corp., gross profit margin calculation, comparison to benchmarks
| Jun 29, 2024 | Jul 1, 2023 | Jul 2, 2022 | Jul 3, 2021 | Jun 27, 2020 | Jun 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Gross profit | 14,608) | 13,955) | 12,321) | 9,357) | 9,902) | 11,409) | |
| Sales | 78,844) | 76,325) | 68,636) | 51,298) | 52,893) | 60,114) | |
| Profitability Ratio | |||||||
| Gross profit margin1 | 18.53% | 18.28% | 17.95% | 18.24% | 18.72% | 18.98% | |
| Benchmarks | |||||||
| Gross Profit Margin, Competitors2 | |||||||
| Costco Wholesale Corp. | 10.92% | 10.57% | 10.48% | 11.13% | 11.20% | 11.02% | |
| Target Corp. | 26.53% | 23.57% | 28.34% | 28.38% | 28.87% | 28.39% | |
| Walmart Inc. | 23.73% | 23.46% | 24.44% | 24.30% | 24.10% | 24.50% | |
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
1 2024 Calculation
Gross profit margin = 100 × Gross profit ÷ Sales
= 100 × 14,608 ÷ 78,844 = 18.53%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Sysco Corp. gross profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Operating Profit Margin
Sysco Corp., operating profit margin calculation, comparison to benchmarks
| Jun 29, 2024 | Jul 1, 2023 | Jul 2, 2022 | Jul 3, 2021 | Jun 27, 2020 | Jun 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Operating income | 3,202) | 3,039) | 2,339) | 1,437) | 750) | 2,330) | |
| Sales | 78,844) | 76,325) | 68,636) | 51,298) | 52,893) | 60,114) | |
| Profitability Ratio | |||||||
| Operating profit margin1 | 4.06% | 3.98% | 3.41% | 2.80% | 1.42% | 3.88% | |
| Benchmarks | |||||||
| Operating Profit Margin, Competitors2 | |||||||
| Costco Wholesale Corp. | 3.72% | 3.41% | 3.50% | 3.49% | 3.33% | 3.17% | |
| Target Corp. | 5.39% | 3.58% | 8.55% | 7.08% | 6.04% | 5.52% | |
| Walmart Inc. | 4.20% | 3.37% | 4.57% | 4.06% | 3.96% | 4.30% | |
| Operating Profit Margin, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 3.41% | 4.77% | 4.26% | 4.03% | 4.20% | |
| Operating Profit Margin, Industry | |||||||
| Consumer Staples | — | 8.09% | 9.27% | 9.32% | 9.04% | 8.24% | |
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
1 2024 Calculation
Operating profit margin = 100 × Operating income ÷ Sales
= 100 × 3,202 ÷ 78,844 = 4.06%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Sysco Corp. operating profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Net Profit Margin
Sysco Corp., net profit margin calculation, comparison to benchmarks
| Jun 29, 2024 | Jul 1, 2023 | Jul 2, 2022 | Jul 3, 2021 | Jun 27, 2020 | Jun 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net earnings | 1,955) | 1,770) | 1,359) | 524) | 215) | 1,674) | |
| Sales | 78,844) | 76,325) | 68,636) | 51,298) | 52,893) | 60,114) | |
| Profitability Ratio | |||||||
| Net profit margin1 | 2.48% | 2.32% | 1.98% | 1.02% | 0.41% | 2.79% | |
| Benchmarks | |||||||
| Net Profit Margin, Competitors2 | |||||||
| Costco Wholesale Corp. | 2.95% | 2.65% | 2.62% | 2.61% | 2.45% | 2.45% | |
| Target Corp. | 3.91% | 2.58% | 6.64% | 4.73% | 4.25% | 3.95% | |
| Walmart Inc. | 2.41% | 1.93% | 2.41% | 2.43% | 2.86% | 1.31% | |
| Net Profit Margin, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 2.18% | 2.96% | 2.73% | 2.92% | 1.81% | |
| Net Profit Margin, Industry | |||||||
| Consumer Staples | — | 6.01% | 6.47% | 6.29% | 6.51% | 4.37% | |
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
1 2024 Calculation
Net profit margin = 100 × Net earnings ÷ Sales
= 100 × 1,955 ÷ 78,844 = 2.48%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Sysco Corp. net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Return on Equity (ROE)
Sysco Corp., ROE calculation, comparison to benchmarks
| Jun 29, 2024 | Jul 1, 2023 | Jul 2, 2022 | Jul 3, 2021 | Jun 27, 2020 | Jun 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net earnings | 1,955) | 1,770) | 1,359) | 524) | 215) | 1,674) | |
| Shareholders’ equity | 1,860) | 2,009) | 1,382) | 1,553) | 1,159) | 2,503) | |
| Profitability Ratio | |||||||
| ROE1 | 105.11% | 88.13% | 98.30% | 33.76% | 18.60% | 66.90% | |
| Benchmarks | |||||||
| ROE, Competitors2 | |||||||
| Costco Wholesale Corp. | 31.19% | 25.11% | 28.31% | 28.51% | 21.89% | 24.00% | |
| Target Corp. | 30.81% | 24.75% | 54.15% | 30.25% | 27.73% | 26.00% | |
| Walmart Inc. | 18.50% | 15.23% | 16.42% | 16.69% | 19.93% | 9.20% | |
| ROE, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 18.37% | 22.67% | 20.26% | 21.15% | 13.40% | |
| ROE, Industry | |||||||
| Consumer Staples | — | 34.94% | 35.32% | 32.79% | 32.76% | 21.37% | |
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
1 2024 Calculation
ROE = 100 × Net earnings ÷ Shareholders’ equity
= 100 × 1,955 ÷ 1,860 = 105.11%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Sysco Corp. ROE deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Return on Assets (ROA)
Sysco Corp., ROA calculation, comparison to benchmarks
| Jun 29, 2024 | Jul 1, 2023 | Jul 2, 2022 | Jul 3, 2021 | Jun 27, 2020 | Jun 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net earnings | 1,955) | 1,770) | 1,359) | 524) | 215) | 1,674) | |
| Total assets | 24,917) | 22,821) | 22,086) | 21,414) | 22,628) | 17,967) | |
| Profitability Ratio | |||||||
| ROA1 | 7.85% | 7.76% | 6.15% | 2.45% | 0.95% | 9.32% | |
| Benchmarks | |||||||
| ROA, Competitors2 | |||||||
| Costco Wholesale Corp. | 10.55% | 9.12% | 9.11% | 8.45% | 7.20% | 8.06% | |
| Target Corp. | 7.48% | 5.21% | 12.91% | 8.52% | 7.67% | 7.11% | |
| Walmart Inc. | 6.15% | 4.80% | 5.58% | 5.35% | 6.29% | 3.04% | |
| ROA, Sector | |||||||
| Consumer Staples Distribution & Retail | — | 5.68% | 7.29% | 6.30% | 6.62% | 4.34% | |
| ROA, Industry | |||||||
| Consumer Staples | — | 8.85% | 9.25% | 8.63% | 8.31% | 5.81% | |
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
1 2024 Calculation
ROA = 100 × Net earnings ÷ Total assets
= 100 × 1,955 ÷ 24,917 = 7.85%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Sysco Corp. ROA improved from 2022 to 2023 and from 2023 to 2024. |