Aramark

Retail-Eating Places

ARMKStrained9 of 11 basics passed

$54.94

-1.08%

Market cap $14.5B

$54.94

-1.08%

Market cap $14.5B

Aramark, founded in 1936 and headquartered in Philadelphia, Pennsylvania, is a foodservice company that provides facility management and workplace solutions.

It is a $14.5B consumer company. Revenue grew 11.0% over the last year, it keeps 2¢ of every dollar of sales as profit, and its net debt equals ~11.0 years of free cash flow. It trades at 37.8× earnings — around the middle of its own history.

Website: aramark.com
Location: Philadelphia, PA
Employees: 278 390
Sector: Consumer Cyclical
Founded: 1936

Share price · 3 years

$25.79 → $54.94+113.0%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $19.8B
Profit: keeps 2¢ of every $1 sold; $383M
Free cash flow: cash left after running the business; $433M
Net debt: debt minus cash on hand; $4.77B
P/E: years of profit in the price; 37.8
EPS: earnings per share, TTM; $1.43
Dividend: pays out 32% of profit · 28% of FCF; 0.84%
Shares: up 7% since 2016 — dilution; 267.3M
Volatility: beta vs the market — under 1 swings less; 1.10

Revenue, last 10 years

52-week range

Low $36.04$54.94High $62.39

Today's price is 72% of the way from the year's low to its high.

P/E vs its history5y

37.8×median 31.4×

Higher than 61% of past days — around the middle of its own history.

Valuation vs own history

P/E

37.8×

39%

P/S

0.7×

12%

EV/EBITDA

23.1×

40%

P/B

4.2×

FCF yield

3.0%

67%

Share of the last ~5 years that was pricier than today (pricier than usual). Based on the daily valuation record.

Standing in Consumer Cyclical

Size$14.5Btop 61%
Revenue growth+4%top 66%
Net margin2%top 83%
Return on equity12%top 73%
P/E37.8×top 83%
Dividend yield0.84%top 84%

Ranked against 99 Consumer Cyclical companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong quality; Growth, Profitability, Health and Moat lag behind.

Valuation55

P/E vs own history61th pct · 5/25
FCF yield3.0% · 5/25
P/S0.7x · 25/25
EV/EBITDA14.5x · 20/25

Growth45

Revenue CAGR11.2% · 20/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth87.4% · 25/25

Profitability28

ROIC4.1% · 5/25
ROE11.8% · 12/25
Net margin1.9% · 6/25
Operating margin4.4% · 5/25

Health27

Altman Zn/a · 0/25
Current ratio1.28 · 12/25
Interest coverage2.2x · 10/25
Net cash / debtD/A 36% · 5/25

Quality97

Piotroski F7/9 · 22/25
Beneish M-2.52 · 25/25
FCF conversion113% · 25/25
Margin stabilityσ 2.2% · 25/25

Moat23

ROIC >12% years0/10 yrs · 0/25
Median gross margin9.3% · 0/25
FCF-positive years9/10 yrs · 18/25
Worst-year net marginworst -3.6% · 5/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2023Financial
Best year on record
$674M net income
2023Milestone
Aramark's revenues totaled US $18.854 billion in 2023, and the company was listed as the 21st-largest employer on…
FY2021Financial
Positive free cash flow every year since
5-year streak
FY2016Financial
First recorded profitable year
$288M net income
FY2016Financial
Revenue already above $10B
$14.4B in first reported year
2012Acquisition
Two years later, Aramark acquired Seamless (today a subsidiary of Grubhub), though it sold its stake in 2012
2011Acquisition
The company then acquired Van Houtte USA from Green Mountain Coffee Roasters (today part of Keurig Dr Pepper) in 2011
2007Acquisition
The merger was completed in 2007
2004Acquisition
Aramark followed this with a 2004 acquisition of a 90% stake in Campbell Catering, an Irish firm
1994Milestone
ARA Services changed its name again to its present name, Aramark, in 1994
1959Milestone
Davre Davidson partnered with William Fishman to establish ARA (Automatic Retailers of America)
1936Founded
Aramark was founded as Davidson Brothers in 1936 by Davre and Henry Davidson

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$17 078 today — price return only

$18.5B revenue in FY2025

Revenue up 11.0% year over year

Profitable 4 years in a row

Positive free cash flow 5 years in a row

278 390 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 11.0% year over year
Piotroski F-Score 7/9 — fundamentally strong checklist

Watch-outs

Loss-making in 2 of the recent years
Net debt equals ~11.0 years of free cash flow

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

9 of 11 checks passed

Revenue growing — the company sells more than a year ago+11.0% YoY
Profitable — makes more than it spends$383M TTM
Profit growing — earnings are higher than last year+17.7% YoY
Generates cash — cash left after running and investing$433M TTM
Debt under control — could handle its obligations~11.0y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$14.5B market cap
Not printing shares — share count not ballooning — you keep your slice+6.2% shares over ~5y
Proven track record — years of profitability behind it8/10 profitable years
Financially stable — balance sheet not near distresshealth score 22/100
Pays a dividend — returns cash to shareholdersyield 0.84%
Valuation not extreme — price not wildly above earningsP/E 37.8

Peer comparisonAramark vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
ARMK this company	$14.5B	37.8	+11.0%	1.9%	Strained
AMZN Amazon.Com Inc	$2.8T	20.9	+15.8%	17.4%	Mixed
TSLA Tesla, Inc.	$1.5T	397.1	+11.8%	3.7%	Strong
NFLX NetFlix Inc	$292.8B	21.4	+16.0%	28.2%	Solid
HD Home Depot, Inc.	$290.4B	20.4	-16.0%	8.7%	Solid
DIS The Walt Disney Company	$186.5B	21.7	+4.6%	8.7%	Solid
MCD McDonald's Corporation	$166.9B	18.9	+6.3%	31.7%	Strained

Head-to-head: ARMK vs AMZN · ARMK vs TSLA · ARMK vs NFLX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 8Buy 11Hold 3

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $19.8B · net income $383M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$19.8B

YoY 11.0%

Net income (TTM)

$383M

Margin 1.9%

Gross margin

8.6%

Operating margin

4.4%

P/E ratio

37.8

Dividend yield

0.84%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	12.8	12.1	16.3	18.9	17.4	18.5
Gross profit	0.8	1.1	1.6	0.9	0.7	0.8
Operating income (EBIT)	-0.3	0.2	0.6	0.9	0.7	0.8
Net income	-0.5	-0.1	0.2	0.7	0.3	0.3
EPS (diluted)	-1.83	-0.36	0.75	2.57	0.99	1.22

Cash flowFree cash flow $433M · operating cash flow $911M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$433M

Margin 2.2%

Operating cash flow (TTM)

$911M

FCF margin

2.2%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.2	0.7	0.7	0.8	0.7	0.9
Capital expenditure	-0.4	-0.4	-0.4	-0.5	-0.4	-0.5
Free cash flow	-0.2	0.2	0.3	0.3	0.3	0.4
FCF margin	-1.9%	2.1%	1.9%	1.6%	1.7%	2.3%

Balance sheetAssets $13.3B · net debt $4.77B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $13.3B of assets is financed

76%

24%

Liabilities $10.2B — borrowed moneyEquity $3.15B — owners' stake

Cash vs debt

Total debt $5.41B − cash $639M = net debt $4.77B

Cash on hand covers 12% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

2.2x

EBIT ÷ interest expense

ROE

11.8%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	2.5	0.5	0.3	2.0	0.7	0.6
Total assets	15.7	14.4	15.1	16.9	12.7	13.3
Total liabilities	13.0	11.7	12.1	13.2	9.6	10.2
Total debt	9.3	7.5	7.4	8.3	5.3	5.4
Equity	2.7	2.7	3.0	3.7	3.0	3.1
Net debt	6.8	6.9	7.1	6.3	4.6	4.8

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of ARMK on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $54.94 · market cap $14.5B.