Performance Food Group Co (PFGC)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 11.72% | 11.64% | 11.49% | 11.37% | 11.29% | 11.21% | 11.13% | 11.04% | 10.92% | 10.66% | 10.50% | 10.30% | 10.33% | 10.60% | 10.87% | 11.42% | 11.60% | 11.53% | 11.52% | 11.48% |
| 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% |
| Pretax margin | 0.72% | 0.82% | 0.87% | 0.99% | 1.02% | 1.00% | 1.02% | 1.00% | 0.95% | 0.80% | 0.67% | 0.53% | 0.33% | 0.21% | 0.12% | 0.18% | 0.18% | -0.94% | -1.12% | -1.04% |
| Net profit margin | 0.54% | 0.61% | 0.64% | 0.72% | 0.75% | 0.72% | 0.74% | 0.73% | 0.69% | 0.57% | 0.47% | 0.37% | 0.22% | 0.15% | 0.09% | 0.14% | 0.13% | -0.53% | -0.65% | -0.58% |
The profitability ratios of Performance Food Group Co. demonstrate a generally positive trend over the analyzed period, reflecting gradual improvement in profitability margins.
Gross Profit Margin: The company maintains a relatively stable gross profit margin, with values oscillating slightly around the 10.3% to 11.7% range. From September 2020 through early 2025, the gross margin exhibits a consistent upward trajectory, increasing from approximately 11.48% to 11.72%. This steady rise suggests ongoing enhancements in cost efficiency or pricing strategies that successfully sustain gross profitability, with the margin reaching its highest point in June 2025.
Operating Profit Margin: Starting from negative margins in September 2020 and December 2020 (around -0.49% and -0.55%), the company transitions into positive territory by June 2021, reaching approximately 0.66%. Since then, the operating margin exhibits a gradual and consistent upward trend, attaining around 1.29% to 1.38% in late 2023 and early 2024. Although modest, this improvement indicates increasing operational efficiency and effective cost management, with margins stabilizing above 1% in recent periods.
Pre-tax Margin: Reflecting similar dynamics, the pretax margin improves from negative values of approximately -1.12% to near breakeven levels, achieving about 1.02% in December 2023. The progression signifies enhancements in overall profitability before taxes, driven by both revenue growth and cost control measures.
Net Profit Margin: The net profit margin follows a comparable positive trend, moving from negative figures around -0.65% in December 2020 to approximately 0.74% in December 2023. The margins suggest the company has successfully navigated previous losses, translating into consistent, albeit modest, net profitability in recent periods. The margin slightly declines towards June 2025, settling around 0.54%, possibly reflecting increased expenses or competitive pressures.
Overall, Performance Food Group Co. has shown a marked improvement in profitability ratios over the analyzed period. The stability and growth in gross, operating, pretax, and net margins indicate sustained operational efficiency and successful efforts to enhance profitability margins amid a recovering and stabilizing business environment. The positive trend suggests an effective strategic focus on cost management, pricing, and operational improvements contributing to enhanced financial performance.
Return on investment
| 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 return on assets (Operating ROA) | 4.57% | 4.85% | 4.74% | 5.73% | 6.17% | 6.27% | 6.36% | 6.13% | 6.13% | 5.39% | 4.57% | 3.87% | 2.65% | 2.13% | 1.76% | 1.84% | 2.56% | -1.42% | -1.95% | -1.64% |
| Return on assets (ROA) | 1.90% | 2.19% | 2.27% | 2.94% | 3.25% | 3.26% | 3.33% | 3.27% | 3.18% | 2.65% | 2.18% | 1.67% | 0.91% | 0.57% | 0.31% | 0.40% | 0.52% | -1.90% | -2.33% | -1.95% |
| Return on total capital | 12.21% | 19.10% | 18.96% | 19.56% | 20.09% | 20.45% | 21.32% | 20.95% | 20.37% | 18.57% | 16.48% | 14.14% | 10.61% | 8.37% | 6.75% | 7.04% | 9.83% | -4.83% | -7.31% | -6.53% |
| Return on equity (ROE) | 7.61% | 8.65% | 9.10% | 10.06% | 10.56% | 10.61% | 11.12% | 11.03% | 10.60% | 9.02% | 7.61% | 5.98% | 3.41% | 2.12% | 1.17% | 1.48% | 1.93% | -6.90% | -8.53% | -7.47% |
The profitability ratios for Performance Food Group Co over the period from September 2020 through June 2025 exhibit a notable progression and certain fluctuations.
Operating Return on Assets (Operating ROA):
Initially, the operating ROA was negative at -1.64% in September 2020 and declined further to -1.95% by December 2020, reflecting operational challenges or lower efficiency during that period. However, from March 2021 onward, the operating ROA demonstrates a sustained recovery, turning positive in June 2021 at 2.56%. It continues an upward trajectory through subsequent periods, reaching a peak of 6.36% in December 2023. This trend indicates improving operational efficiency and effective utilization of assets in generating operating income. Slight declines are observed in the later periods, with the figure settling at 4.57% in June 2025.
Return on Assets (ROA):
The overall ROA parallels the operating ROA, starting in the negative territory at -1.95% in September 2020 and worsening to -2.33% by December 2020. Post-March 2021, the ROA enters positive territory, reaching 0.52% in June 2021. From this point, it demonstrates a steady upward trend, peaking at approximately 3.33% in December 2023 and remaining above 2% thereafter before a slight decline to 1.90% by June 2025. This indicates an overall improvement in asset profitability.
Return on Total Capital (ROTC):
The ROTC shows significant volatility; it was negative at -6.53% in September 2020 and remained negative until March 2021. From June 2021 onward, it exhibits a marked and sustained improvement, turning positive and reaching a peak of 21.32% in December 2023. The ratio then shows a gradual decline, ending at 12.21% in June 2025. This pattern suggests that the company’s use of total capital became more effective in generating returns post-2021, although recent periods reflect some compression.
Return on Equity (ROE):
ROE exhibited a similar trend, with negative figures through much of 2020 and early 2021 (-7.47% in September 2020 and -8.53% in December 2020). From March 2021, ROE turns positive and improves significantly, reaching a high of 11.12% in December 2023. Thereafter, the trend indicates a gradual decline, with ROE at 7.61% as of June 2025. These metrics corroborate the overall improvement in profitability aligned with operational and asset efficiency enhancements.
Summary:
Overall, Performance Food Group Co experienced a transition from negative profitability ratios in 2020 to more robust and positive performance metrics starting in mid-2021. The company’s operating and net profitability indicators have generally improved throughout the period, reflecting operational efficiencies and effective utilization of assets and capital. The peaks observed toward the end of 2023 suggest a period of strong profitability, though some recent declines in ratios indicate a potential stabilization or slight moderation in profitability levels by mid-2025.