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

Ingersoll Rand is the larger business by last-quarter revenue ($2.1B vs $1.1B, roughly 1.8× Chefs' Warehouse, Inc.). Ingersoll Rand runs the higher net margin — 12.7% vs 1.9%, a 10.8% gap on every dollar of revenue. On growth, Chefs' Warehouse, Inc. posted the faster year-over-year revenue change (10.5% vs 10.1%). Ingersoll Rand produced more free cash flow last quarter ($461.5M vs $65.8M). Over the past eight quarters, Chefs' Warehouse, Inc.'s revenue compounded faster (14.3% CAGR vs 11.9%).

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.

Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc and its merger with Gardner Denver. Its products are sold under more than 40 brands across all major global markets.

CHEF vs IR — Head-to-Head

Bigger by revenue
IR
IR
1.8× larger
IR
$2.1B
$1.1B
CHEF
Growing faster (revenue YoY)
CHEF
CHEF
+0.4% gap
CHEF
10.5%
10.1%
IR
Higher net margin
IR
IR
10.8% more per $
IR
12.7%
1.9%
CHEF
More free cash flow
IR
IR
$395.7M more FCF
IR
$461.5M
$65.8M
CHEF
Faster 2-yr revenue CAGR
CHEF
CHEF
Annualised
CHEF
14.3%
11.9%
IR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CHEF
CHEF
IR
IR
Revenue
$1.1B
$2.1B
Net Profit
$21.7M
$266.1M
Gross Margin
24.2%
42.6%
Operating Margin
3.8%
18.7%
Net Margin
1.9%
12.7%
Revenue YoY
10.5%
10.1%
Net Profit YoY
-9.4%
15.8%
EPS (diluted)
$0.50
$0.67

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
IR
IR
Q4 25
$1.1B
$2.1B
Q3 25
$1.0B
$2.0B
Q2 25
$1.0B
$1.9B
Q1 25
$950.7M
$1.7B
Q4 24
$1.0B
$1.9B
Q3 24
$931.5M
$1.9B
Q2 24
$954.7M
$1.8B
Q1 24
$874.5M
$1.7B
Net Profit
CHEF
CHEF
IR
IR
Q4 25
$21.7M
$266.1M
Q3 25
$19.1M
$244.1M
Q2 25
$21.2M
$-115.3M
Q1 25
$10.3M
$186.5M
Q4 24
$23.9M
$229.8M
Q3 24
$14.1M
$221.6M
Q2 24
$15.5M
$185.0M
Q1 24
$1.9M
$202.2M
Gross Margin
CHEF
CHEF
IR
IR
Q4 25
24.2%
42.6%
Q3 25
24.2%
43.7%
Q2 25
24.6%
43.7%
Q1 25
23.8%
44.6%
Q4 24
24.3%
42.9%
Q3 24
24.1%
43.8%
Q2 24
24.0%
43.9%
Q1 24
23.9%
44.7%
Operating Margin
CHEF
CHEF
IR
IR
Q4 25
3.8%
18.7%
Q3 25
3.8%
19.2%
Q2 25
3.9%
4.0%
Q1 25
2.4%
17.6%
Q4 24
4.5%
20.0%
Q3 24
3.4%
19.1%
Q2 24
3.5%
15.1%
Q1 24
1.8%
17.6%
Net Margin
CHEF
CHEF
IR
IR
Q4 25
1.9%
12.7%
Q3 25
1.9%
12.5%
Q2 25
2.1%
-6.1%
Q1 25
1.1%
10.9%
Q4 24
2.3%
12.1%
Q3 24
1.5%
11.9%
Q2 24
1.6%
10.2%
Q1 24
0.2%
12.1%
EPS (diluted)
CHEF
CHEF
IR
IR
Q4 25
$0.50
$0.67
Q3 25
$0.44
$0.61
Q2 25
$0.49
$-0.29
Q1 25
$0.25
$0.46
Q4 24
$0.56
$0.57
Q3 24
$0.34
$0.54
Q2 24
$0.37
$0.45
Q1 24
$0.05
$0.50

Balance Sheet & Financial Strength

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

Metric
CHEF
CHEF
IR
IR
Cash + ST InvestmentsLiquidity on hand
$121.0M
$1.2B
Total DebtLower is stronger
$720.3M
$4.8B
Stockholders' EquityBook value
$604.3M
$10.1B
Total Assets
$2.0B
$18.3B
Debt / EquityLower = less leverage
1.19×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHEF
CHEF
IR
IR
Q4 25
$121.0M
$1.2B
Q3 25
$65.1M
$1.2B
Q2 25
$96.9M
$1.3B
Q1 25
$116.5M
$1.6B
Q4 24
$114.7M
$1.5B
Q3 24
$50.7M
$1.4B
Q2 24
$38.3M
$1.1B
Q1 24
$42.3M
$1.5B
Total Debt
CHEF
CHEF
IR
IR
Q4 25
$720.3M
$4.8B
Q3 25
$711.7M
$4.8B
Q2 25
$690.2M
$4.8B
Q1 25
$681.1M
$4.8B
Q4 24
$688.7M
$4.8B
Q3 24
$666.6M
$4.8B
Q2 24
$660.8M
$4.8B
Q1 24
$667.3M
$2.7B
Stockholders' Equity
CHEF
CHEF
IR
IR
Q4 25
$604.3M
$10.1B
Q3 25
$576.6M
$10.1B
Q2 25
$557.7M
$10.1B
Q1 25
$541.6M
$10.5B
Q4 24
$537.6M
$10.2B
Q3 24
$480.3M
$10.3B
Q2 24
$461.9M
$10.0B
Q1 24
$447.8M
$9.9B
Total Assets
CHEF
CHEF
IR
IR
Q4 25
$2.0B
$18.3B
Q3 25
$1.9B
$18.2B
Q2 25
$1.9B
$18.1B
Q1 25
$1.8B
$18.4B
Q4 24
$1.9B
$18.0B
Q3 24
$1.8B
$18.2B
Q2 24
$1.7B
$17.8B
Q1 24
$1.7B
$15.5B
Debt / Equity
CHEF
CHEF
IR
IR
Q4 25
1.19×
0.47×
Q3 25
1.23×
0.47×
Q2 25
1.24×
0.47×
Q1 25
1.26×
0.45×
Q4 24
1.28×
0.47×
Q3 24
1.39×
0.47×
Q2 24
1.43×
0.48×
Q1 24
1.49×
0.27×

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
IR
IR
Operating Cash FlowLast quarter
$73.9M
$499.0M
Free Cash FlowOCF − Capex
$65.8M
$461.5M
FCF MarginFCF / Revenue
5.8%
22.1%
Capex IntensityCapex / Revenue
0.7%
1.8%
Cash ConversionOCF / Net Profit
3.41×
1.88×
TTM Free Cash FlowTrailing 4 quarters
$87.8M
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHEF
CHEF
IR
IR
Q4 25
$73.9M
$499.0M
Q3 25
$-8.7M
$354.6M
Q2 25
$14.5M
$245.7M
Q1 25
$49.6M
$256.4M
Q4 24
$73.0M
$526.2M
Q3 24
$19.8M
$404.0M
Q2 24
$29.3M
$304.9M
Q1 24
$30.9M
$161.6M
Free Cash Flow
CHEF
CHEF
IR
IR
Q4 25
$65.8M
$461.5M
Q3 25
$-19.7M
$325.5M
Q2 25
$4.5M
$210.4M
Q1 25
$37.2M
$222.7M
Q4 24
$64.6M
$490.9M
Q3 24
$11.8M
$374.3M
Q2 24
$13.3M
$283.1M
Q1 24
$13.8M
$99.3M
FCF Margin
CHEF
CHEF
IR
IR
Q4 25
5.8%
22.1%
Q3 25
-1.9%
16.6%
Q2 25
0.4%
11.1%
Q1 25
3.9%
13.0%
Q4 24
6.3%
25.9%
Q3 24
1.3%
20.1%
Q2 24
1.4%
15.7%
Q1 24
1.6%
5.9%
Capex Intensity
CHEF
CHEF
IR
IR
Q4 25
0.7%
1.8%
Q3 25
1.1%
1.5%
Q2 25
1.0%
1.9%
Q1 25
1.3%
2.0%
Q4 24
0.8%
1.9%
Q3 24
0.9%
1.6%
Q2 24
1.7%
1.2%
Q1 24
2.0%
3.7%
Cash Conversion
CHEF
CHEF
IR
IR
Q4 25
3.41×
1.88×
Q3 25
-0.46×
1.45×
Q2 25
0.68×
Q1 25
4.82×
1.37×
Q4 24
3.05×
2.29×
Q3 24
1.41×
1.82×
Q2 24
1.89×
1.65×
Q1 24
16.00×
0.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHEF
CHEF

Center Of The Plate Product$459.1M40%
Dry Goods Product$175.7M15%
Pastry Product$160.5M14%
Produce$147.9M13%
Cheese And Charcuterie Product$75.3M7%
Dairy And Eggs Product$69.2M6%
Oils And Vinegar Product$32.4M3%
Kitchen Supplies Product$22.4M2%

IR
IR

Transferred At Point In Time$1.5B71%
Transferred Over Time$193.0M9%
Precision And Science Technologies Segment$183.1M9%
Acquisitions In2024$175.6M8%
Acquisitions In2025$70.8M3%

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