Performance Food Group Co (PFGC)
Operating profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 816,300 | 829,900 | 810,400 | 825,500 | 826,400 | 806,800 | 820,700 | 790,800 | 765,800 | 656,800 | 556,600 | 470,400 | 327,400 | 255,200 | 210,000 | 213,100 | 200,700 | -105,500 | -146,300 | -126,700 |
| Revenue (ttm) | US$ in thousands | 63,298,900 | 61,549,200 | 60,100,600 | 58,758,100 | 58,281,200 | 57,957,200 | 57,870,800 | 57,474,000 | 57,254,700 | 56,979,500 | 56,287,200 | 55,227,100 | 50,894,100 | 45,608,500 | 39,732,000 | 33,738,400 | 30,398,900 | 26,868,500 | 26,666,700 | 25,890,100 |
| Operating profit margin | 1.29% | 1.35% | 1.35% | 1.40% | 1.42% | 1.39% | 1.42% | 1.38% | 1.34% | 1.15% | 0.99% | 0.85% | 0.64% | 0.56% | 0.53% | 0.63% | 0.66% | -0.39% | -0.55% | -0.49% |
June 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $816,300K ÷ $63,298,900K
= 1.29%
The operating profit margin of Performance Food Group Co demonstrates a significant improvement over the analyzed period, transitioning from negative margins at the beginning of 2020 to consistently positive margins in subsequent quarters. Initially, the margin was reported at -0.49% as of September 30, 2020, and slightly deepened to -0.55% by December 31, 2020. Throughout this early period, the negative margins indicated that operating expenses exceeded operating revenues, reflecting operating challenges or strategic investments that had yet to yield profitability.
Starting in the third quarter of 2021, a notable upward shift occurred, with margins turning positive—0.66% at June 30, 2021, and maintaining similar levels into September 2021 (0.63%) and December 2021 (0.53%). This trend suggests that the company began to establish more efficient operational controls, benefit from revenue growth, or realize the effects of strategic initiatives aimed at cost management and revenue enhancement.
From 2022 onward, the operating profit margin exhibits steady growth. It increased from approximately 0.56% at the start of 2022 to reach 0.85% by September 2022. The upward trajectory continues through December 2022 (0.99%), with the margin rising further to 1.15% in the first quarter of 2023. The subsequent quarters reflect continued improvement, peaking at 1.42% by December 2023.
Throughout 2024, the operating profit margin exhibits slight fluctuations, fluctuating between approximately 1.29% and 1.42%. Importantly, the margin remains positive, indicating sustained operational profitability. As of the most recent data points—June 30, 2024 (1.42%) and September 30, 2024 (1.40%)—the margin stabilizes near its peak levels observed in late 2023.
Looking forward, projections suggest a slight decline in operating profit margin through mid-2025, with the figure estimated at 1.29% as of June 30, 2025, down from earlier levels. Despite this modest decrease, the margin remains substantially above pre-2021 levels, reflecting the company's ongoing ability to generate operating income relative to its revenues.
Overall, the trend points to a meaningful recovery and improvement in performance from losses in 2020 to sustained profitability in recent quarters. This progression indicates effective operational management, strategic growth initiatives, and possibly favorable market conditions contributing to enhanced efficiency and profitability over the analyzed period.
Peer comparison
Jun 30, 2025