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Side-by-side financial comparison of Chefs' Warehouse, Inc. (CHEF) and Fabrinet (FN). Click either name above to swap in a different company.
Chefs' Warehouse, Inc. is the larger business by last-quarter revenue ($1.1B vs $1.1B, roughly 1.0× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs 1.9%, a 8.0% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 10.5%). Chefs' Warehouse, Inc. produced more free cash flow last quarter ($65.8M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 14.3%).
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.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
CHEF vs FN — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.1B |
| Net Profit | $21.7M | $112.6M |
| Gross Margin | 24.2% | 12.2% |
| Operating Margin | 3.8% | 10.1% |
| Net Margin | 1.9% | 9.9% |
| Revenue YoY | 10.5% | 35.9% |
| Net Profit YoY | -9.4% | 30.0% |
| EPS (diluted) | $0.50 | $3.11 |
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.
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.0B | $978.1M | ||
| Q2 25 | $1.0B | $909.7M | ||
| Q1 25 | $950.7M | $871.8M | ||
| Q4 24 | $1.0B | $833.6M | ||
| Q3 24 | $931.5M | $804.2M | ||
| Q2 24 | $954.7M | $753.3M | ||
| Q1 24 | $874.5M | $731.5M |
| Q4 25 | $21.7M | $112.6M | ||
| Q3 25 | $19.1M | $95.9M | ||
| Q2 25 | $21.2M | $87.2M | ||
| Q1 25 | $10.3M | $81.3M | ||
| Q4 24 | $23.9M | $86.6M | ||
| Q3 24 | $14.1M | $77.4M | ||
| Q2 24 | $15.5M | $81.1M | ||
| Q1 24 | $1.9M | $80.9M |
| Q4 25 | 24.2% | 12.2% | ||
| Q3 25 | 24.2% | 11.9% | ||
| Q2 25 | 24.6% | 12.2% | ||
| Q1 25 | 23.8% | 11.7% | ||
| Q4 24 | 24.3% | 12.1% | ||
| Q3 24 | 24.1% | 12.3% | ||
| Q2 24 | 24.0% | 12.3% | ||
| Q1 24 | 23.9% | 12.4% |
| Q4 25 | 3.8% | 10.1% | ||
| Q3 25 | 3.8% | 9.6% | ||
| Q2 25 | 3.9% | 9.8% | ||
| Q1 25 | 2.4% | 9.0% | ||
| Q4 24 | 4.5% | 9.5% | ||
| Q3 24 | 3.4% | 9.6% | ||
| Q2 24 | 3.5% | 9.7% | ||
| Q1 24 | 1.8% | 9.7% |
| Q4 25 | 1.9% | 9.9% | ||
| Q3 25 | 1.9% | 9.8% | ||
| Q2 25 | 2.1% | 9.6% | ||
| Q1 25 | 1.1% | 9.3% | ||
| Q4 24 | 2.3% | 10.4% | ||
| Q3 24 | 1.5% | 9.6% | ||
| Q2 24 | 1.6% | 10.8% | ||
| Q1 24 | 0.2% | 11.1% |
| Q4 25 | $0.50 | $3.11 | ||
| Q3 25 | $0.44 | $2.66 | ||
| Q2 25 | $0.49 | $2.41 | ||
| Q1 25 | $0.25 | $2.25 | ||
| Q4 24 | $0.56 | $2.38 | ||
| Q3 24 | $0.34 | $2.13 | ||
| Q2 24 | $0.37 | $2.22 | ||
| Q1 24 | $0.05 | $2.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $121.0M | $960.8M |
| Total DebtLower is stronger | $720.3M | — |
| Stockholders' EquityBook value | $604.3M | $2.2B |
| Total Assets | $2.0B | $3.3B |
| Debt / EquityLower = less leverage | 1.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0M | $960.8M | ||
| Q3 25 | $65.1M | $968.8M | ||
| Q2 25 | $96.9M | $934.2M | ||
| Q1 25 | $116.5M | $950.7M | ||
| Q4 24 | $114.7M | $934.6M | ||
| Q3 24 | $50.7M | $908.9M | ||
| Q2 24 | $38.3M | $858.6M | ||
| Q1 24 | $42.3M | $794.0M |
| Q4 25 | $720.3M | — | ||
| Q3 25 | $711.7M | — | ||
| Q2 25 | $690.2M | — | ||
| Q1 25 | $681.1M | — | ||
| Q4 24 | $688.7M | — | ||
| Q3 24 | $666.6M | — | ||
| Q2 24 | $660.8M | — | ||
| Q1 24 | $667.3M | — |
| Q4 25 | $604.3M | $2.2B | ||
| Q3 25 | $576.6M | $2.1B | ||
| Q2 25 | $557.7M | $2.0B | ||
| Q1 25 | $541.6M | $1.9B | ||
| Q4 24 | $537.6M | $1.8B | ||
| Q3 24 | $480.3M | $1.8B | ||
| Q2 24 | $461.9M | $1.7B | ||
| Q1 24 | $447.8M | $1.7B |
| Q4 25 | $2.0B | $3.3B | ||
| Q3 25 | $1.9B | $3.0B | ||
| Q2 25 | $1.9B | $2.8B | ||
| Q1 25 | $1.8B | $2.6B | ||
| Q4 24 | $1.9B | $2.5B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.7B | $2.3B | ||
| Q1 24 | $1.7B | $2.2B |
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.28× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 1.43× | — | ||
| Q1 24 | 1.49× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $73.9M | $46.3M |
| Free Cash FlowOCF − Capex | $65.8M | $-5.3M |
| FCF MarginFCF / Revenue | 5.8% | -0.5% |
| Capex IntensityCapex / Revenue | 0.7% | 4.6% |
| Cash ConversionOCF / Net Profit | 3.41× | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $87.8M | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.9M | $46.3M | ||
| Q3 25 | $-8.7M | $102.6M | ||
| Q2 25 | $14.5M | $55.1M | ||
| Q1 25 | $49.6M | $74.2M | ||
| Q4 24 | $73.0M | $115.9M | ||
| Q3 24 | $19.8M | $83.2M | ||
| Q2 24 | $29.3M | $83.1M | ||
| Q1 24 | $30.9M | $100.9M |
| Q4 25 | $65.8M | $-5.3M | ||
| Q3 25 | $-19.7M | $57.3M | ||
| Q2 25 | $4.5M | $4.7M | ||
| Q1 25 | $37.2M | $45.7M | ||
| Q4 24 | $64.6M | $94.0M | ||
| Q3 24 | $11.8M | $62.9M | ||
| Q2 24 | $13.3M | $70.4M | ||
| Q1 24 | $13.8M | $87.3M |
| Q4 25 | 5.8% | -0.5% | ||
| Q3 25 | -1.9% | 5.9% | ||
| Q2 25 | 0.4% | 0.5% | ||
| Q1 25 | 3.9% | 5.2% | ||
| Q4 24 | 6.3% | 11.3% | ||
| Q3 24 | 1.3% | 7.8% | ||
| Q2 24 | 1.4% | 9.3% | ||
| Q1 24 | 1.6% | 11.9% |
| Q4 25 | 0.7% | 4.6% | ||
| Q3 25 | 1.1% | 4.6% | ||
| Q2 25 | 1.0% | 5.5% | ||
| Q1 25 | 1.3% | 3.3% | ||
| Q4 24 | 0.8% | 2.6% | ||
| Q3 24 | 0.9% | 2.5% | ||
| Q2 24 | 1.7% | 1.7% | ||
| Q1 24 | 2.0% | 1.9% |
| Q4 25 | 3.41× | 0.41× | ||
| Q3 25 | -0.46× | 1.07× | ||
| Q2 25 | 0.68× | 0.63× | ||
| Q1 25 | 4.82× | 0.91× | ||
| Q4 24 | 3.05× | 1.34× | ||
| Q3 24 | 1.41× | 1.07× | ||
| Q2 24 | 1.89× | 1.02× | ||
| Q1 24 | 16.00× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHEF
| Center Of The Plate Product | $459.1M | 40% |
| Dry Goods Product | $175.7M | 15% |
| Pastry Product | $160.5M | 14% |
| Produce | $147.9M | 13% |
| Cheese And Charcuterie Product | $75.3M | 7% |
| Dairy And Eggs Product | $69.2M | 6% |
| Oils And Vinegar Product | $32.4M | 3% |
| Kitchen Supplies Product | $22.4M | 2% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
