Sysco Corporation (SYY)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,828,000 | 1,908,678 | 1,932,366 | 1,941,608 | 1,955,000 | 2,077,058 | 2,081,974 | 1,807,948 | 1,770,124 | 1,546,377 | 1,420,098 | 1,446,323 | 1,358,768 | 999,872 | 785,474 | 685,322 | 524,209 | -245,303 | -337,527 | -21,406 |
| Revenue (ttm) | US$ in thousands | 81,371,000 | 80,789,100 | 80,570,600 | 79,707,500 | 78,844,000 | 78,016,100 | 77,512,300 | 76,818,400 | 76,324,700 | 75,553,800 | 73,580,200 | 71,306,400 | 68,636,100 | 65,815,700 | 60,738,200 | 55,977,000 | 51,297,900 | 44,027,560 | 45,901,660 | 49,367,660 |
| Net profit margin | 2.25% | 2.36% | 2.40% | 2.44% | 2.48% | 2.66% | 2.69% | 2.35% | 2.32% | 2.05% | 1.93% | 2.03% | 1.98% | 1.52% | 1.29% | 1.22% | 1.02% | -0.56% | -0.74% | -0.04% |
June 30, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,828,000K ÷ $81,371,000K
= 2.25%
The net profit margin of Sysco Corporation demonstrates a notable improvement over the analyzed period, transitioning from negative margins at the end of September 2020 to consistent positive margins in subsequent quarters. Initially, the margin stood at -0.04% as of September 30, 2020, reflecting minimal profitability or potential early-stage challenges. This negative trend deepened through December 2020 and March 2021, registering at -0.74% and -0.56%, respectively, indicating losses attributable to operational or market factors during that period.
From June 30, 2021, onwards, a reversal trend emerges, with net profit margins gradually turning positive. By September 30, 2021, the margin increased to 1.22%, and it continued to strengthen over the following quarters, reaching 1.29% at the end of 2021 and further climbing to 1.52% in March 2022. The upward trajectory persisted into 2022, with margins reaching nearly 2% (1.98% at June 30, 2022, and 2.03% at September 30, 2022). The first half of 2023 displays continued improvement, with the margin at 2.05% in March 2023 and rising to 2.32% by June 30, 2023; subsequent quarters show marginal fluctuations but remain within a narrow range, culminating at 2.69% at December 31, 2023.
Moving into 2024, the net profit margin reveals slight variability, decreasing from 2.66% in March to 2.44% in September, and further to 2.40% at the end of the year. The early months of 2025 indicate a modest decline, with the margin at 2.36% in March and decreasing to 2.25% by June. Overall, the trend indicates thatSysco has transitioned from negligible or negative profitability during 2020 into a stable, modestly profitable enterprise through 2023 and into 2024, with minor fluctuations suggestive of ongoing operational adjustments and market dynamics.
The progression of net profit margins suggests improvements in operational efficiency, cost management, or revenue generation strategies over the review period, leading to sustained profitability levels that remain well above the negative territory observed in early 2020.
Peer comparison
Jun 30, 2025