SY
Sysco Corp
SYY—
Sysco Corp AI Insights
Informational only. Not investment advice.Snapshot
- Debt/equity of 7.1x with tangible book value negative (-4.2B) - equity is effectively goodwill (5.2B) and intangibles[Debt to Equity]
- ROE of 85% TTM driven by minimal equity base (2.1B) vs 14.6B debt - leverage amplifies returns and risks equally[Return on Equity TTM]
- FCF of 1.6B TTM covers 1.0B dividends but leaves thin margin for 12.5B net debt reduction at current pace[Free Cash Flow TTM]
Watch Triggers
- Interest Expense TTM: Exceeds 700M or >25% of operating income — At 647M already consuming 21% of op income; rate increases compress thin margins
- Free Cash Flow TTM: Falls below 1.2B — Would force dividend cut or debt increase; current 1.6B barely covers 1.0B dividend
- Gross Margin TTM: Drops below 17% — Signals pricing power erosion; 18.4% already at industry premium
Bull Case
Scale dominance: 82B revenue (20x industry median) with asset turnover 3.1x enables operating leverage unavailable to smaller peers
Total Revenue TTMAsset Turnover TTM
ROIC of 11.2% TTM exceeds cost of debt (~4.4% implied), creating value despite high leverage
Return on Invested Capital TTMInterest Expense TTM
Bear Case
Balance sheet fragility: 7.1x debt/equity with negative tangible book means any earnings miss directly threatens solvency ratios
Debt to EquityTangible Book Value
Dividend payout ratio 5Y avg of 74% constrains deleveraging; 2.1/share dividend consumes most of 3.73 EPS
Dividend Payout Ratio Avg 5yrEPS TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
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Forward Thesis
Margin expansion limited by structural cost pressures in low-margin food distribution
1-3yhigh
- Gross margin 18.4% vs industry median 15.2% - already optimized
- Operating margin 3.8% leaves minimal room for improvement
- Interest expense 647M consumes 21% of operating income
Operating margin TTM 3.8% vs industry median 1.2%Net margin TTM 2.2% vs industry median 0.6%EPS growth 5Y of 18.7% vs median 10.7%
Valuation Context
Caveats
Public Strategies Rankings
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SYY Fundamentals
Wholesale Trade → Merchant Wholesalers, Nondurable Goods
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$37.85B | — | ||
$51.59B | — | ||
21 | — | ||
$82.03B | +2.9% | — | |
$3.73 | -4.1% | — | |
3.75% | -0.3% | — | |
2.21% | -0.2% | — | |
$1.6B | -26.4% | — | |
0.85 | -4.8% | — | |
Beta 5Y (Monthly) | unknown | — |
SYY Dividend History
105 dividends
2026
$0.540001/02/26$0.5400
2025
$2.100010/03/25$0.5400
07/03/25$0.5400
04/04/25$0.5100
01/03/25$0.5100
2024
$2.020010/04/24$0.5100
07/05/24$0.5100
04/04/24$0.5000
01/04/24$0.5000
2023
$1.980010/05/23$0.5000
07/06/23$0.5000
04/05/23$0.4900
01/05/23$0.4900
2022
$1.920010/06/22$0.4900
06/30/22$0.4900
03/31/22$0.4700
01/06/22$0.4700
2021
$1.840009/30/21$0.4700
07/01/21$0.4700
03/31/21$0.4500
01/07/21$0.4500
2020
$1.800010/01/20$0.4500
07/01/20$0.4500
04/02/20$0.4500
01/02/20$0.4500
2019
$1.560010/03/19$0.3900
07/03/19$0.3900
04/04/19$0.3900
01/03/19$0.3900
2018
$1.440010/04/18$0.3600
07/05/18$0.3600
04/05/18$0.3600
01/04/18$0.3600
2017
$1.320010/05/17$0.3300
07/05/17$0.3300
04/05/17$0.3300
01/04/17$0.3300
2016
$1.240010/05/16$0.3100
06/29/16$0.3100
03/30/16$0.3100
01/06/16$0.3100
2015
$0.900009/30/15$0.3000
06/30/15$0.3000
03/31/15$0.3000
2014
$1.170012/30/14$0.3000
10/01/14$0.2900
07/01/14$0.2900
04/02/14$0.2900
2013
$1.410012/31/13$0.2900
10/02/13$0.2800
07/02/13$0.2800
04/03/13$0.2800
01/02/13$0.2800
2012
$1.080010/03/12$0.2700
07/03/12$0.2700
04/03/12$0.2700
01/04/12$0.2700
2011
$1.040010/05/11$0.2600
06/29/11$0.2600
03/30/11$0.2600
01/05/11$0.2600
2010
$0.750009/29/10$0.2500
06/30/10$0.2500
03/30/10$0.2500
2009
$0.970012/29/09$0.2500
10/06/09$0.2400
06/30/09$0.2400
04/01/09$0.2400
2008
$1.120012/30/08$0.2400
10/01/08$0.2200
07/01/08$0.2200
04/02/08$0.2200
01/02/08$0.2200
2007
$0.760010/03/07$0.1900
07/03/07$0.1900
04/03/07$0.1900
01/03/07$0.1900
2006
$0.680010/04/06$0.1700
07/05/06$0.1700
04/05/06$0.1700
01/04/06$0.1700
2005
$0.600010/05/05$0.1500
06/29/05$0.1500
03/30/05$0.1500
01/05/05$0.1500
2004
$0.390009/29/04$0.1300
06/30/04$0.1300
03/31/04$0.1300
2003
$0.460012/30/03$0.1300
10/01/03$0.1100
07/01/03$0.1100
04/02/03$0.1100
2002
$0.470012/31/02$0.1100
10/02/02$0.0900
07/02/02$0.0900
04/03/02$0.0900
01/02/02$0.0900
2001
$0.280010/03/01$0.0700
07/03/01$0.0700
04/04/01$0.0700
01/03/01$0.0700
2000
$0.240010/04/00$0.0600
07/05/00$0.0600
04/05/00$0.0600
01/05/00$0.0600
SYY Stock Splits
1 stock split
12/18/000.5:1 split
SYY SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
10/29/25 | 09/27/25 | 10-Q | |
08/22/25 | 06/28/25 | 10-K | |
04/30/25 | 03/29/25 | 10-Q | |
01/29/25 | 12/28/24 | 10-Q | |
10/30/24 | 09/28/24 | 10-Q | |
08/28/24 | 06/29/24 | 10-K | |
05/01/24 | 03/31/24 | 10-Q | |
01/31/24 | 12/30/23 | 10-Q | |
11/01/23 | 09/30/23 | 10-Q | |
08/25/23 | 07/01/23 | 10-K | |
05/02/23 | 04/01/23 | 10-Q | |
02/01/23 | 12/31/22 | 10-Q | |
11/02/22 | 10/01/22 | 10-Q | |
08/26/22 | 07/02/22 | 10-K | |
05/11/22 | 04/02/22 | 10-Q | |
02/09/22 | 01/01/22 | 10-Q | |
11/09/21 | 10/02/21 | 10-Q | |
08/30/21 | 07/03/21 | 10-K | |
05/05/21 | 03/27/21 | 10-Q | |
02/03/21 | 12/26/20 | 10-Q | |
11/04/20 | 09/26/20 | 10-Q | |
08/26/20 | 06/27/20 | 10-K | |
05/06/20 | 03/28/20 | 10-Q | |
02/05/20 | 12/28/19 | 10-Q | |
11/05/19 | 09/28/19 | 10-Q | |
08/26/19 | 06/29/19 | 10-K | |
05/07/19 | 03/30/19 | 10-Q | |
02/05/19 | 12/29/18 | 10-Q | |
11/06/18 | 09/29/18 | 10-Q | |
08/27/18 | 06/30/18 | 10-K | |
05/08/18 | 03/31/18 | 10-Q | |
02/06/18 | 12/30/17 | 10-Q | |
11/09/17 | 09/30/17 | 10-Q | |
08/30/17 | 07/01/17 | 10-K | |
05/09/17 | 04/01/17 | 10-Q | |
02/07/17 | 12/31/16 | 10-Q | |
11/08/16 | 10/01/16 | 10-Q | |
08/30/16 | 07/02/16 | 10-K | |
05/03/16 | 03/26/16 | 10-Q | |
02/02/16 | 12/26/15 | 10-Q | |
11/03/15 | 09/26/15 | 10-Q | |
08/25/15 | 06/27/15 | 10-K | |
05/05/15 | 03/28/15 | 10-Q | |
02/03/15 | 12/27/14 | 10-Q | |
11/04/14 | 09/27/14 | 10-Q | |
08/26/14 | 06/28/14 | 10-K | |
05/06/14 | 03/29/14 | 10-Q | |
02/04/14 | 12/28/13 | 10-Q | |
11/05/13 | 09/28/13 | 10-Q | |
08/27/13 | 06/29/13 | 10-K | |
05/07/13 | 03/30/13 | 10-Q | |
02/05/13 | 12/29/12 | 10-Q | |
11/06/12 | 09/29/12 | 10-Q | |
08/28/12 | 06/30/12 | 10-K | |
05/08/12 | 03/31/12 | 10-Q | |
02/07/12 | 12/31/11 | 10-Q | |
11/08/11 | 10/01/11 | 10-Q | |
08/30/11 | 07/02/11 | 10-K | |
05/10/11 | 04/02/11 | 10-Q | |
02/08/11 | 01/01/11 | 10-Q | |
11/09/10 | 10/02/10 | 10-Q | |
08/31/10 | 07/03/10 | 10-K | |
05/04/10 | 03/27/10 | 10-Q | |
02/02/10 | 12/26/09 | 10-Q | |
11/03/09 | 09/26/09 | 10-Q | |
08/25/09 | 06/27/09 | 10-K | |
05/05/09 | 03/28/09 | 10-Q | |
02/03/09 | 12/31/08 | Unknown | -- |
11/04/08 | 09/30/08 | 4 | |
08/26/08 | 06/30/08 | 4 | |
05/06/08 | 03/30/08 | Unknown | -- |
02/05/08 | 12/29/07 | 10-Q | |
11/08/07 | 09/29/07 | 10-Q | |
08/28/07 | 06/30/07 | 10-K | |
05/10/07 | 03/30/07 | Unknown | -- |
02/08/07 | 12/31/06 | Unknown | -- |
11/09/06 | 09/30/06 | 10-Q | |
09/14/06 | 06/30/06 | Unknown | -- |
05/11/06 | 03/30/06 | Unknown | -- |
02/09/06 | 12/31/05 | 10-Q | |
11/10/05 | 09/30/05 | 10-Q | |
09/15/05 | 06/30/05 | Unknown | -- |
05/12/05 | 03/30/05 | Unknown | -- |
02/10/05 | 12/31/04 | Unknown | -- |
11/10/04 | 09/30/04 | Unknown | -- |
09/16/04 | 06/30/04 | Unknown | -- |
05/11/04 | 03/30/04 | Unknown | -- |
02/10/04 | 12/31/03 | Unknown | -- |
11/12/03 | 09/30/03 | 4 | |
09/26/03 | 06/30/03 | Unknown | -- |
05/13/03 | 03/30/03 | Unknown | -- |
02/10/03 | 12/31/02 | Unknown | -- |
11/12/02 | 09/30/02 | Unknown | -- |
09/25/02 | 06/30/02 | Unknown | -- |
05/14/02 | 03/31/02 | 10-Q | |
02/12/02 | 12/31/01 | Unknown | -- |
11/13/01 | 09/30/01 | Unknown | -- |
09/27/01 | 06/30/01 | 10-K | |
05/15/01 | 03/30/01 | Unknown | -- |
02/12/01 | 12/31/00 | Unknown | -- |
11/13/00 | 09/30/00 | 10-Q | |
09/27/00 | 06/30/00 | Unknown | -- |
05/15/00 | 03/30/00 | Unknown | -- |