CHEF Chefs' Warehouse margins

  1. Stocks
  2. Consumer Defensive
  3. NASDAQ: CHEF
  4. Margins
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Relative Growth: Rel. Growth: 88
Relative Strength: Rel. Strength: 88
Relative Valuation: Rel. Valuation: 53
Relative Profitability: Rel. Profitability: 55
Gross margin
24.7%
Operating margin
4.1%
EBITDA margin
6%
Net margin
2.3%

Recent Chefs' Warehouse shows a gross margin of 24.7%, an operating margin of 4.1%, an EBITDA margin of 6%, and a net margin of 2.3%. Gross margin drove the improvement across the available margins, increasing by 0.5 percentage points.

CHEF margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Chefs' Warehouse's margins averaged 24.13% gross, 3.47% operating, 5.23% EBITDA, and 1.59% net. All four current margins are above their three-year averages.

CHEF margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with gross, EBITDA, and net margins showing the largest gain at 0.5 percentage points.

Gross margin expansion
0.5pp
Operating margin expansion
0.4pp
EBITDA margin expansion
0.5pp
Net margin expansion
0.5pp

CHEF Gross margin

Across the last 3 years, Chefs' Warehouse's gross margin stood at 24.13%. At present, the current gross margin for Chefs' Warehouse is 24.7%, 0.6 percentage points above its three-year average. Gross margin was highest at 24.7% in Sep 2026 and lowest at 23.7% in Dec 2023.

CHEF Operating margin

The average operating margin for Chefs' Warehouse was 3.47% during the last 3 years. The current operating margin stands at 4.1%, 0.6 percentage points above its three-year average. The operating margin for Chefs' Warehouse moved between 2.9% in Dec 2023 and 4.1% in Sep 2026.

CHEF EBITDA margin

Chefs' Warehouse recorded an average EBITDA margin of 5.23% across the last 3 years. Chefs' Warehouse currently reports an EBITDA margin of 6%, 0.8 percentage points above its three-year average. Chefs' Warehouse's EBITDA margin ranged from a low of 4.6% in Dec 2023 to a high of 6% in Sep 2026.

CHEF Net margin

Over the last 3 years, the average net margin for Chefs' Warehouse was 1.59%. The latest net margin for Chefs' Warehouse is 2.3%, 0.7 percentage points above its three-year average. Chefs' Warehouse's net margin ranged from a low of 1% in Dec 2023 to a high of 2.3% in Sep 2026.

CHEF margin group comparison

Margins compared with peer-group, industry and sector averages

Chefs' Warehouse's gross margin of 24.7% is above the industry average but below the Consumer Defensive sector average. Compared to its Consumer Defensive sector average of 36.4%, Chefs' Warehouse's gross margin is 32% lower.

CHEF margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Chefs' Warehouse's gross margin?

The current gross margin for CHEF is 24.7% as of Sep 25, 2026.

What is Chefs' Warehouse's operating margin?

The current operating margin for CHEF is 4.1% as of Sep 25, 2026.

What is Chefs' Warehouse's EBITDA margin?

As of Sep 25, 2026, CHEF has an EBITDA margin of 6%.

What is Chefs' Warehouse's net margin?

For the period ending Sep 25, 2026, CHEF recorded a net margin of 2.3%.

What are the average margins of CHEF?

The three-year average margins for CHEF were 24.1% gross, 3.5% operating, 5.2% EBITDA, and 1.6% net.

What are the highest historical margins of CHEF?

In the last 5 years, the highest margins reported by CHEF were 24.7% gross in Sep 2026, 4.1% operating in Sep 2026, 6% EBITDA in Sep 2026, and 2.3% net in Sep 2026.

What are the lowest historical margins of CHEF?

Across the 5-year period, CHEF posted its lowest margins at 22.4% gross in Dec 2021, 0.6% operating in Dec 2021, 2.6% EBITDA in Dec 2021, and -0.3% net in Dec 2021.