CluenexPerformance Food Group PFGC
Performance Food Group scores weak on business quality (3.4 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Performance Food Group does
Performance Food Group delivers food and related products to independent restaurants, chain restaurants, and institutional customers across the United States, earning revenue on wholesale distribution volume.
- What it does best
Performance Food Group operates with massive scale in food distribution, generating $67.8B in revenue. However, its gross margin sits at 11.9%, lagging peers like SYY at 18.5%, leaving little room for error on product costs.
- The main risk
Thin margins leave the business heavily exposed to cost inflation and supply chain disruptions, where even minor margin compression can erase net income.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits at 1.3% and FCF margin at 1.5%, reflecting razor-thin profitability. Scale has not translated into wider margins as costs eat up most gross profits.
Scale locks in broad supply chains, but a gross margin sector percentile of 9 shows intense pricing pressure limits any true economic moat against rivals like USFD.
Revenue grew to $67.8B up from $63.3B last year, maintaining steady top-line expansion across its distribution segments despite modest margins.
Debt-to-equity sits at 1.4 with interest coverage at 2.2x, making interest payments a heavy burden. Free cash flow reached $1.0B, showing improvement, but the balance sheet remains soft.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on PFGC
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Performance Food Group scores weak on the Cluenex quality check (3.4 of 10), measured against its own industry. Profitability is weak, moat weak, growth steady and financial health weak.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Nov 3, 2026.
See PFGC today
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Cite this page: Cluenex, “Performance Food Group (PFGC)”, https://cluenex.com/stocks/pfgc/, data as of Oct 10, 2026.