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Side-by-side financial comparison of Chefs' Warehouse, Inc. (CHEF) and Healthpeak Properties (DOC). Click either name above to swap in a different company.

Chefs' Warehouse, Inc. is the larger business by last-quarter revenue ($1.1B vs $719.4M, roughly 1.5× Healthpeak Properties). Healthpeak Properties runs the higher net margin — 73.2% vs 1.6%, a 71.5% gap on every dollar of revenue. On growth, Chefs' Warehouse, Inc. posted the faster year-over-year revenue change (11.4% vs 3.1%). Over the past eight quarters, Healthpeak Properties's revenue compounded faster (8.9% CAGR vs 5.3%).

Chefs' Warehouse, Inc. is a leading North American specialty food distributor that primarily serves independent restaurants, fine dining venues, hotels, catering firms, and other foodservice operators. It offers a curated portfolio of over 150,000 products including artisanal ingredients, specialty meats, seafood, dairy, pastries, and imported gourmet goods tailored for professional chefs.

Healthpeak Properties, Inc. is an American real estate investment trust that invests in real estate related to the healthcare industry including senior housing, life science, and medical offices. It was organized in 2007 in Maryland and headquartered in Denver, Colorado with offices in Irvine, Nashville and San Francisco. As of December 31, 2019, the company owned interests in 617 properties.

CHEF vs DOC — Head-to-Head

Bigger by revenue
CHEF
CHEF
1.5× larger
CHEF
$1.1B
$719.4M
DOC
Growing faster (revenue YoY)
CHEF
CHEF
+8.3% gap
CHEF
11.4%
3.1%
DOC
Higher net margin
DOC
DOC
71.5% more per $
DOC
73.2%
1.6%
CHEF
Faster 2-yr revenue CAGR
DOC
DOC
Annualised
DOC
8.9%
5.3%
CHEF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CHEF
CHEF
DOC
DOC
Revenue
$1.1B
$719.4M
Net Profit
$17.4M
$114.0M
Gross Margin
24.3%
Operating Margin
3.1%
17.4%
Net Margin
1.6%
73.2%
Revenue YoY
11.4%
3.1%
Net Profit YoY
68.8%
2406.4%
EPS (diluted)
$0.40
$0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CHEF
CHEF
DOC
DOC
Q1 26
$1.1B
Q4 25
$1.1B
$719.4M
Q3 25
$1.0B
$705.9M
Q2 25
$1.0B
$694.3M
Q1 25
$950.7M
$702.9M
Q4 24
$1.0B
$698.0M
Q3 24
$931.5M
$700.4M
Q2 24
$954.7M
$695.5M
Net Profit
CHEF
CHEF
DOC
DOC
Q1 26
$17.4M
Q4 25
$21.7M
$114.0M
Q3 25
$19.1M
$-117.1M
Q2 25
$21.2M
$31.7M
Q1 25
$10.3M
$42.8M
Q4 24
$23.9M
$4.5M
Q3 24
$14.1M
$85.9M
Q2 24
$15.5M
$146.0M
Gross Margin
CHEF
CHEF
DOC
DOC
Q1 26
24.3%
Q4 25
24.2%
Q3 25
24.2%
58.6%
Q2 25
24.6%
60.2%
Q1 25
23.8%
61.1%
Q4 24
24.3%
60.3%
Q3 24
24.1%
60.0%
Q2 24
24.0%
60.6%
Operating Margin
CHEF
CHEF
DOC
DOC
Q1 26
3.1%
Q4 25
3.8%
17.4%
Q3 25
3.8%
9.2%
Q2 25
3.9%
5.7%
Q1 25
2.4%
7.7%
Q4 24
4.5%
-2.2%
Q3 24
3.4%
14.1%
Q2 24
3.5%
22.3%
Net Margin
CHEF
CHEF
DOC
DOC
Q1 26
1.6%
Q4 25
1.9%
73.2%
Q3 25
1.9%
-16.6%
Q2 25
2.1%
4.6%
Q1 25
1.1%
6.1%
Q4 24
2.3%
0.7%
Q3 24
1.5%
12.3%
Q2 24
1.6%
21.0%
EPS (diluted)
CHEF
CHEF
DOC
DOC
Q1 26
$0.40
Q4 25
$0.50
$0.16
Q3 25
$0.44
$-0.17
Q2 25
$0.49
$0.05
Q1 25
$0.25
$0.06
Q4 24
$0.56
$0.02
Q3 24
$0.34
$0.12
Q2 24
$0.37
$0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CHEF
CHEF
DOC
DOC
Cash + ST InvestmentsLiquidity on hand
$122.7M
$467.5M
Total DebtLower is stronger
$750.4M
$9.8B
Stockholders' EquityBook value
$608.6M
$7.5B
Total Assets
$2.0B
$20.3B
Debt / EquityLower = less leverage
1.23×
1.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHEF
CHEF
DOC
DOC
Q1 26
$122.7M
Q4 25
$121.0M
$467.5M
Q3 25
$65.1M
$91.0M
Q2 25
$96.9M
$89.4M
Q1 25
$116.5M
$70.6M
Q4 24
$114.7M
$119.8M
Q3 24
$50.7M
$180.4M
Q2 24
$38.3M
$106.9M
Total Debt
CHEF
CHEF
DOC
DOC
Q1 26
$750.4M
Q4 25
$720.3M
$9.8B
Q3 25
$711.7M
$9.1B
Q2 25
$690.2M
$9.0B
Q1 25
$681.1M
$8.9B
Q4 24
$688.7M
$8.7B
Q3 24
$666.6M
$8.6B
Q2 24
$660.8M
$8.6B
Stockholders' Equity
CHEF
CHEF
DOC
DOC
Q1 26
$608.6M
Q4 25
$604.3M
$7.5B
Q3 25
$576.6M
$7.6B
Q2 25
$557.7M
$7.9B
Q1 25
$541.6M
$8.2B
Q4 24
$537.6M
$8.4B
Q3 24
$480.3M
$8.6B
Q2 24
$461.9M
$8.8B
Total Assets
CHEF
CHEF
DOC
DOC
Q1 26
$2.0B
Q4 25
$2.0B
$20.3B
Q3 25
$1.9B
$19.6B
Q2 25
$1.9B
$19.8B
Q1 25
$1.8B
$19.8B
Q4 24
$1.9B
$19.9B
Q3 24
$1.8B
$20.0B
Q2 24
$1.7B
$20.2B
Debt / Equity
CHEF
CHEF
DOC
DOC
Q1 26
1.23×
Q4 25
1.19×
1.31×
Q3 25
1.23×
1.20×
Q2 25
1.24×
1.14×
Q1 25
1.26×
1.08×
Q4 24
1.28×
1.04×
Q3 24
1.39×
1.00×
Q2 24
1.43×
0.98×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHEF
CHEF
DOC
DOC
Operating Cash FlowLast quarter
$38.3M
$1.3B
Free Cash FlowOCF − Capex
$357.0M
FCF MarginFCF / Revenue
49.6%
Capex IntensityCapex / Revenue
0.7%
124.4%
Cash ConversionOCF / Net Profit
2.20×
10.99×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHEF
CHEF
DOC
DOC
Q1 26
$38.3M
Q4 25
$73.9M
$1.3B
Q3 25
$-8.7M
$315.0M
Q2 25
$14.5M
$363.5M
Q1 25
$49.6M
$279.4M
Q4 24
$73.0M
$1.1B
Q3 24
$19.8M
$318.2M
Q2 24
$29.3M
$316.2M
Free Cash Flow
CHEF
CHEF
DOC
DOC
Q1 26
Q4 25
$65.8M
$357.0M
Q3 25
$-19.7M
Q2 25
$4.5M
Q1 25
$37.2M
Q4 24
$64.6M
$333.7M
Q3 24
$11.8M
Q2 24
$13.3M
FCF Margin
CHEF
CHEF
DOC
DOC
Q1 26
Q4 25
5.8%
49.6%
Q3 25
-1.9%
Q2 25
0.4%
Q1 25
3.9%
Q4 24
6.3%
47.8%
Q3 24
1.3%
Q2 24
1.4%
Capex Intensity
CHEF
CHEF
DOC
DOC
Q1 26
0.7%
Q4 25
0.7%
124.4%
Q3 25
1.1%
Q2 25
1.0%
Q1 25
1.3%
Q4 24
0.8%
105.6%
Q3 24
0.9%
Q2 24
1.7%
Cash Conversion
CHEF
CHEF
DOC
DOC
Q1 26
2.20×
Q4 25
3.41×
10.99×
Q3 25
-0.46×
Q2 25
0.68×
11.48×
Q1 25
4.82×
6.52×
Q4 24
3.05×
235.43×
Q3 24
1.41×
3.71×
Q2 24
1.89×
2.17×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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