# ARAMARK (ARMK) — Stock CV

Aramark 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.

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

## Identity

- **Ticker**: ARMK
- **Sector**: Consumer Cyclical
- **Industry**: Retail-Eating Places
- **Headquarters**: PHILADELPHIA, PA
- **Employees**: 278 390
- **Website**: https://www.aramark.com
- **Market cap**: $14.5B
- **Last price**: $54.94
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $19.8B
- **Net income**: $383M
- **Free cash flow**: $433M
- **Net debt**: $4.77B
- **P/E**: 37.8
- **Revenue growth (YoY)**: 11.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 55 |
| Growth | 45 |
| Profitability | 28 |
| Health | 27 |
| Quality | 97 |
| Moat | 23 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +11.0% YoY
- [x] Profitable — $383M TTM
- [x] Profit growing — +17.7% YoY
- [x] Generates cash — $433M TTM
- [ ] Debt under control — ~11.0y of cash flow to repay
- [x] Established company — $14.5B market cap
- [x] Not printing shares — +6.2% shares over ~5y
- [x] Proven track record — 8/10 profitable years
- [ ] Financially stable — health score 22/100
- [x] Pays a dividend — yield 0.84%
- [x] Valuation not extreme — P/E 37.8

## Experience (career milestones)

- **FY2023** — Best year on record: $674M net income
- **2023** — Aramark's revenues totaled US $18.854 billion in 2023, and the company was listed as the 21st-largest employer on…
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **FY2016** — First recorded profitable year: $288M net income
- **FY2016** — Revenue already above $10B: $14.4B in first reported year
- **2012** — Two years later, Aramark acquired Seamless (today a subsidiary of Grubhub), though it sold its stake in 2012
- **2011** — The company then acquired Van Houtte USA from Green Mountain Coffee Roasters (today part of Keurig Dr Pepper) in 2011
- **2007** — The merger was completed in 2007
- **2004** — Aramark followed this with a 2004 acquisition of a 90% stake in Campbell Catering, an Irish firm
- **1994** — ARA Services changed its name again to its present name, Aramark, in 1994
- **1959** — Davre Davidson partnered with William Fishman to establish ARA (Automatic Retailers of America)
- **1936** — Aramark was founded as Davidson Brothers in 1936 by Davre and Henry Davidson

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $12.1B | -$90.8M | $249M |
| FY2022 | $16.3B | $194M | $306M |
| FY2023 | $18.9B | $674M | $305M |
| FY2024 | $17.4B | $263M | $299M |
| FY2025 | $18.5B | $326M | $432M |

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Source: https://stockcv.com/ARMK — derived from company filings; may be delayed or incomplete. Information, not investment advice.