U

UNITED NATURAL FOODS, INC.

UNFI · CIK 0001020859

17 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$31.78B2.6%
FY2025
Net income (FY)
−$118.0M5.4%
FY2025
Free cash flow (FY)
$239.0M359.8%
FY2025
Diluted EPS (FY)
$-1.953.2%
FY2025
The story, charted

The shape of the business

FY2009–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20B$30BFY2009 · Revenue $3.45B · 0001047469-11-008270 · filed 2011-09-28FY09Revenue $3.45B0001047469-11-008270 · filed 2011-09-28FY2010 · Revenue $3.76B · 0001047469-12-009112 · filed 2012-09-26FY10Revenue $3.76B0001047469-12-009112 · filed 2012-09-26FY2011 · Revenue $4.53B · 0001020859-13-000178 · filed 2013-10-01FY11Revenue $4.53B0001020859-13-000178 · filed 2013-10-01FY2012 · Revenue $5.24B · Net income $91.3M · 0001020859-15-000044 · filed 2015-03-12FY12Revenue $5.24BNet income $91.3M0001020859-15-000044 · filed 2015-03-12FY2013 · Revenue $6.06B · Net income $107.9M · 0001020859-15-000165 · filed 2015-09-30FY13Revenue $6.06BNet income $107.9M0001020859-15-000165 · filed 2015-09-30FY2014 · Revenue $6.79B · Net income $125.5M · 0001020859-16-000356 · filed 2016-09-28FY14Revenue $6.79BNet income $125.5M0001020859-16-000356 · filed 2016-09-28FY2015 · Revenue $8.18B · Net income $138.7M · 0001020859-17-000109 · filed 2017-09-26FY15Revenue $8.18BNet income $138.7M0001020859-17-000109 · filed 2017-09-26FY2016 · Revenue $8.47B · Net income $125.8M · 0001020859-18-000095 · filed 2018-09-24FY16Revenue $8.47BNet income $125.8M0001020859-18-000095 · filed 2018-09-24FY2017 · Revenue $9.27B · Net income $130.2M · 0001020859-19-000116 · filed 2019-10-01FY17Revenue $9.27BNet income $130.2M0001020859-19-000116 · filed 2019-10-01FY2018 · Revenue $10.23B · Net income $162.8M · 0001020859-20-000064 · filed 2020-09-29FY18Revenue $10.23BNet income $162.8M0001020859-20-000064 · filed 2020-09-29FY2019 · Revenue $22.34B · Net income −$285.0M · 0001020859-21-000083 · filed 2021-09-28FY19Revenue $22.34BNet income −$285.0M0001020859-21-000083 · filed 2021-09-28FY2020 · Revenue $26.56B · Net income −$274.0M · 0001020859-22-000054 · filed 2022-09-27FY20Revenue $26.56BNet income −$274.0M0001020859-22-000054 · filed 2022-09-27FY2021 · Revenue $26.95B · Net income $149.0M · 0001020859-23-000048 · filed 2023-09-26FY21Revenue $26.95BNet income $149.0M0001020859-23-000048 · filed 2023-09-26FY2022 · Revenue $28.93B · Net income $248.0M · 0001020859-24-000045 · filed 2024-10-01FY22Revenue $28.93BNet income $248.0M0001020859-24-000045 · filed 2024-10-01FY2023 · Revenue $30.27B · Net income $24.0M · 0001020859-25-000054 · filed 2025-10-01FY23Revenue $30.27BNet income $24.0M0001020859-25-000054 · filed 2025-10-01FY2024 · Revenue $30.98B · Net income −$112.0M · 0001020859-25-000054 · filed 2025-10-01FY24Revenue $30.98BNet income −$112.0M0001020859-25-000054 · filed 2025-10-01FY2025 · Revenue $31.78B · Net income −$118.0M · 0001020859-25-000054 · filed 2025-10-01FY25Revenue $31.78BNet income −$118.0M0001020859-25-000054 · filed 2025-10-01FY25Revenue $31.78BNet income −$118.0M0001020859-25-000054 · filed 2025-10-01FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 9.2× since FY2009 · net margin 1.7% → -0.4%

MarginsNet marginFCF margin
0%2%FY2009 · FCF margin 2.2%FY09FCF margin 2.2%derived: (ocf − capex) ÷ revenueFY2010 · FCF margin 0.3%FY10FCF margin 0.3%derived: (ocf − capex) ÷ revenueFY2011 · FCF margin 0.2%FY11FCF margin 0.2%derived: (ocf − capex) ÷ revenueFY2012 · Net margin 1.7% · FCF margin 0.7%FY12Net margin 1.7%FCF margin 0.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 1.8% · FCF margin -0.4%FY13Net margin 1.8%FCF margin -0.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 1.8% · FCF margin -1.2%FY14Net margin 1.8%FCF margin -1.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 1.7% · FCF margin -1.0%FY15Net margin 1.7%FCF margin -1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 1.5% · FCF margin 3.0%FY16Net margin 1.5%FCF margin 3.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 1.4% · FCF margin 2.3%FY17Net margin 1.4%FCF margin 2.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 1.6% · FCF margin 0.6%FY18Net margin 1.6%FCF margin 0.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin -1.3% · FCF margin 0.3%FY19Net margin -1.3%FCF margin 0.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -1.0% · FCF margin 1.1%FY20Net margin -1.0%FCF margin 1.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 0.6% · FCF margin 1.1%FY21Net margin 0.6%FCF margin 1.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 0.9% · FCF margin 0.3%FY22Net margin 0.9%FCF margin 0.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 0.1% · FCF margin 1.0%FY23Net margin 0.1%FCF margin 1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin -0.4% · FCF margin -0.3%FY24Net margin -0.4%FCF margin -0.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin -0.4% · FCF margin 0.8%FY25Net margin -0.4%FCF margin 0.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin -0.4%FCF margin 0.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net -0.4% · free cash flow 0.8% of revenue

Cash engineOperating cash flowFree cash flow
$0$500MFY2009 · OCF $108.3M · FCF $76.0M · 0001047469-11-008270 · filed 2011-09-28FY09OCF $108.3MFCF $76.0M0001047469-11-008270 · filed 2011-09-28FY2010 · OCF $66.1M · FCF $11.0M · 0001047469-12-009112 · filed 2012-09-26FY10OCF $66.1MFCF $11.0M0001047469-12-009112 · filed 2012-09-26FY2011 · OCF $49.8M · FCF $9.1M · 0001020859-13-000178 · filed 2013-10-01FY11OCF $49.8MFCF $9.1M0001020859-13-000178 · filed 2013-10-01FY2012 · OCF $66.2M · FCF $34.8M · 0001020859-15-000044 · filed 2015-03-12FY12OCF $66.2MFCF $34.8M0001020859-15-000044 · filed 2015-03-12FY2013 · OCF $44.3M · FCF −$22.2M · 0001020859-15-000165 · filed 2015-09-30FY13OCF $44.3MFCF −$22.2M0001020859-15-000165 · filed 2015-09-30FY2014 · OCF $62.4M · FCF −$84.9M · 0001020859-16-000356 · filed 2016-09-28FY14OCF $62.4MFCF −$84.9M0001020859-16-000356 · filed 2016-09-28FY2015 · OCF $48.9M · FCF −$80.3M · 0001020859-17-000109 · filed 2017-09-26FY15OCF $48.9MFCF −$80.3M0001020859-17-000109 · filed 2017-09-26FY2016 · OCF $296.6M · FCF $255.2M · 0001020859-18-000095 · filed 2018-09-24FY16OCF $296.6MFCF $255.2M0001020859-18-000095 · filed 2018-09-24FY2017 · OCF $273.3M · FCF $217.2M · 0001020859-19-000116 · filed 2019-10-01FY17OCF $273.3MFCF $217.2M0001020859-19-000116 · filed 2019-10-01FY2018 · OCF $109.0M · FCF $64.4M · 0001020859-20-000064 · filed 2020-09-29FY18OCF $109.0MFCF $64.4M0001020859-20-000064 · filed 2020-09-29FY2019 · OCF $285.0M · FCF $57.0M · 0001020859-21-000083 · filed 2021-09-28FY19OCF $285.0MFCF $57.0M0001020859-21-000083 · filed 2021-09-28FY2020 · OCF $457.0M · FCF $284.0M · 0001020859-22-000054 · filed 2022-09-27FY20OCF $457.0MFCF $284.0M0001020859-22-000054 · filed 2022-09-27FY2021 · OCF $614.0M · FCF $304.0M · 0001020859-23-000048 · filed 2023-09-26FY21OCF $614.0MFCF $304.0M0001020859-23-000048 · filed 2023-09-26FY2022 · OCF $331.0M · FCF $80.0M · 0001020859-24-000045 · filed 2024-10-01FY22OCF $331.0MFCF $80.0M0001020859-24-000045 · filed 2024-10-01FY2023 · OCF $624.0M · FCF $301.0M · 0001020859-25-000054 · filed 2025-10-01FY23OCF $624.0MFCF $301.0M0001020859-25-000054 · filed 2025-10-01FY2024 · OCF $253.0M · FCF −$92.0M · 0001020859-25-000054 · filed 2025-10-01FY24OCF $253.0MFCF −$92.0M0001020859-25-000054 · filed 2025-10-01FY2025 · OCF $470.0M · FCF $239.0M · 0001020859-25-000054 · filed 2025-10-01FY25OCF $470.0MFCF $239.0M0001020859-25-000054 · filed 2025-10-01FY25OCF $470.0MFCF $239.0M0001020859-25-000054 · filed 2025-10-01’09’13’17’21’25

FY2025: $470.0M operating cash − $231.0M capex = $239.0M free cash flow

Returns on capitalReturn on equityReturn on assets
-20%0%FY2012 · ROE 9.3% · ROA 6.1%FY12ROE 9.3%ROA 6.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 9.8% · ROA 6.2%FY13ROE 9.8%ROA 6.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 10.1% · ROA 5.5%FY14ROE 10.1%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 10.0% · ROA 5.5%FY15ROE 10.0%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 8.3% · ROA 4.4%FY16ROE 8.3%ROA 4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 7.7% · ROA 4.5%FY17ROE 7.7%ROA 4.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 8.8% · ROA 5.5%FY18ROE 8.8%ROA 5.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE -18.9% · ROA -4.0%FY19ROE -18.9%ROA -4.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -23.9% · ROA -3.6%FY20ROE -23.9%ROA -3.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 9.8% · ROA 2.0%FY21ROE 9.8%ROA 2.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 13.8% · ROA 3.3%FY22ROE 13.8%ROA 3.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 1.4% · ROA 0.3%FY23ROE 1.4%ROA 0.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE -6.8% · ROA -1.5%FY24ROE -6.8%ROA -1.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE -7.6% · ROA -1.6%FY25ROE -7.6%ROA -1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE -7.6%ROA -1.6%derived: net income ÷ equity · derived: net income ÷ assets’13’16’19’22’25

return on equity 9% (FY2012) → -8% (FY2025) · on assets -1.6%

Balance sheetLiabilitiesEquity
$0$5BFY2010 · Liabilities $620.4M · Equity $630.4MFY10Liabilities $620.4MEquity $630.4M0001047469-11-008270 · filed 2011-09-28FY2011 · Liabilities $531.3M · Equity $869.7MFY11Liabilities $531.3MEquity $869.7M0001047469-12-009112 · filed 2012-09-26FY2012 · Liabilities $515.2M · Equity $978.7MFY12Liabilities $515.2MEquity $978.7M0001020859-13-000178 · filed 2013-10-01FY2013 · Liabilities $630.8M · Equity $1.10BFY13Liabilities $630.8MEquity $1.10B0001020859-15-000044 · filed 2015-03-12FY2014 · Liabilities $1.05B · Equity $1.24BFY14Liabilities $1.05BEquity $1.24B0001020859-15-000165 · filed 2015-09-30FY2015 · Liabilities $1.16B · Equity $1.38BFY15Liabilities $1.16BEquity $1.38B0001020859-16-000356 · filed 2016-09-28FY2016 · Liabilities $1.33B · Equity $1.52BFY16Liabilities $1.33BEquity $1.52B0001020859-17-000109 · filed 2017-09-26FY2017 · Liabilities $1.20B · Equity $1.68BFY17Liabilities $1.20BEquity $1.68B0001020859-18-000095 · filed 2018-09-24FY2018 · Liabilities $1.12B · Equity $1.85BFY18Liabilities $1.12BEquity $1.85B0001020859-19-000116 · filed 2019-10-01FY2019 · Liabilities $5.67B · Equity $1.51BFY19Liabilities $5.67BEquity $1.51B0001020859-20-000064 · filed 2020-09-29FY2020 · Liabilities $6.45B · Equity $1.15BFY20Liabilities $6.45BEquity $1.15B0001020859-21-000083 · filed 2021-09-28FY2021 · Liabilities $6.01B · Equity $1.51BFY21Liabilities $6.01BEquity $1.51B0001020859-22-000054 · filed 2022-09-27FY2022 · Liabilities $5.84B · Equity $1.79BFY22Liabilities $5.84BEquity $1.79B0001020859-23-000048 · filed 2023-09-26FY2023 · Liabilities $5.65B · Equity $1.74BFY23Liabilities $5.65BEquity $1.74B0001020859-24-000045 · filed 2024-10-01FY2024 · Liabilities $5.89B · Equity $1.64BFY24Liabilities $5.89BEquity $1.64B0001020859-25-000054 · filed 2025-10-01FY2025 · Liabilities $6.04B · Equity $1.55BFY25Liabilities $6.04BEquity $1.55B0001020859-25-000054 · filed 2025-10-01FY25Liabilities $6.04BEquity $1.55B0001020859-25-000054 · filed 2025-10-01’13’17’21’25

FY2025: $7.59B assets · $6.04B liabilities · $1.55B equity

The receipts