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

Chefs' Warehouse, Inc. is the larger business by last-quarter revenue ($1.1B vs $827.0M, roughly 1.3× Loews Corporation). Loews Corporation runs the higher net margin — 48.6% vs 1.6%, a 47.0% gap on every dollar of revenue. On growth, Chefs' Warehouse, Inc. posted the faster year-over-year revenue change (11.4% vs 4.8%). Over the past eight quarters, Loews Corporation's revenue compounded faster (7.9% 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.

Loews Corporation is a diversified US-based conglomerate that operates across multiple key industry segments through its subsidiaries. Its core business lines include property and casualty insurance, natural gas pipeline transportation, hospitality services, and upstream oil and gas exploration and production, primarily serving commercial, consumer and industrial clients across North American markets.

CHEF vs L — Head-to-Head

Bigger by revenue
CHEF
CHEF
1.3× larger
CHEF
$1.1B
$827.0M
L
Growing faster (revenue YoY)
CHEF
CHEF
+6.6% gap
CHEF
11.4%
4.8%
L
Higher net margin
L
L
47.0% more per $
L
48.6%
1.6%
CHEF
Faster 2-yr revenue CAGR
L
L
Annualised
L
7.9%
5.3%
CHEF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CHEF
CHEF
L
L
Revenue
$1.1B
$827.0M
Net Profit
$17.4M
$402.0M
Gross Margin
24.3%
Operating Margin
3.1%
65.4%
Net Margin
1.6%
48.6%
Revenue YoY
11.4%
4.8%
Net Profit YoY
68.8%
115.0%
EPS (diluted)
$0.40
$1.93

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
L
L
Q1 26
$1.1B
Q4 25
$1.1B
$827.0M
Q3 25
$1.0B
$732.0M
Q2 25
$1.0B
$769.0M
Q1 25
$950.7M
$846.0M
Q4 24
$1.0B
$789.0M
Q3 24
$931.5M
$683.0M
Q2 24
$954.7M
$711.0M
Net Profit
CHEF
CHEF
L
L
Q1 26
$17.4M
Q4 25
$21.7M
$402.0M
Q3 25
$19.1M
$504.0M
Q2 25
$21.2M
$391.0M
Q1 25
$10.3M
$370.0M
Q4 24
$23.9M
$187.0M
Q3 24
$14.1M
$401.0M
Q2 24
$15.5M
$369.0M
Gross Margin
CHEF
CHEF
L
L
Q1 26
24.3%
Q4 25
24.2%
Q3 25
24.2%
Q2 25
24.6%
Q1 25
23.8%
Q4 24
24.3%
Q3 24
24.1%
Q2 24
24.0%
Operating Margin
CHEF
CHEF
L
L
Q1 26
3.1%
Q4 25
3.8%
65.4%
Q3 25
3.8%
94.1%
Q2 25
3.9%
70.1%
Q1 25
2.4%
60.8%
Q4 24
4.5%
23.8%
Q3 24
3.4%
80.5%
Q2 24
3.5%
71.3%
Net Margin
CHEF
CHEF
L
L
Q1 26
1.6%
Q4 25
1.9%
48.6%
Q3 25
1.9%
68.9%
Q2 25
2.1%
50.8%
Q1 25
1.1%
43.7%
Q4 24
2.3%
23.7%
Q3 24
1.5%
58.7%
Q2 24
1.6%
51.9%
EPS (diluted)
CHEF
CHEF
L
L
Q1 26
$0.40
Q4 25
$0.50
$1.93
Q3 25
$0.44
$2.43
Q2 25
$0.49
$1.87
Q1 25
$0.25
$1.74
Q4 24
$0.56
$0.87
Q3 24
$0.34
$1.82
Q2 24
$0.37
$1.67

Balance Sheet & Financial Strength

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

Metric
CHEF
CHEF
L
L
Cash + ST InvestmentsLiquidity on hand
$122.7M
$6.0B
Total DebtLower is stronger
$750.4M
$8.4B
Stockholders' EquityBook value
$608.6M
$18.7B
Total Assets
$2.0B
$86.3B
Debt / EquityLower = less leverage
1.23×
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHEF
CHEF
L
L
Q1 26
$122.7M
Q4 25
$121.0M
$6.0B
Q3 25
$65.1M
$5.4B
Q2 25
$96.9M
$4.5B
Q1 25
$116.5M
$4.4B
Q4 24
$114.7M
$4.6B
Q3 24
$50.7M
$5.2B
Q2 24
$38.3M
$4.9B
Total Debt
CHEF
CHEF
L
L
Q1 26
$750.4M
Q4 25
$720.3M
$8.4B
Q3 25
$711.7M
$8.4B
Q2 25
$690.2M
$7.9B
Q1 25
$681.1M
$8.4B
Q4 24
$688.7M
$8.9B
Q3 24
$666.6M
$8.8B
Q2 24
$660.8M
$8.6B
Stockholders' Equity
CHEF
CHEF
L
L
Q1 26
$608.6M
Q4 25
$604.3M
$18.7B
Q3 25
$576.6M
$18.3B
Q2 25
$557.7M
$17.5B
Q1 25
$541.6M
$17.2B
Q4 24
$537.6M
$17.1B
Q3 24
$480.3M
$17.4B
Q2 24
$461.9M
$16.4B
Total Assets
CHEF
CHEF
L
L
Q1 26
$2.0B
Q4 25
$2.0B
$86.3B
Q3 25
$1.9B
$85.9B
Q2 25
$1.9B
$84.7B
Q1 25
$1.8B
$83.1B
Q4 24
$1.9B
$81.9B
Q3 24
$1.8B
$83.6B
Q2 24
$1.7B
$81.1B
Debt / Equity
CHEF
CHEF
L
L
Q1 26
1.23×
Q4 25
1.19×
0.45×
Q3 25
1.23×
0.46×
Q2 25
1.24×
0.45×
Q1 25
1.26×
0.49×
Q4 24
1.28×
0.52×
Q3 24
1.39×
0.51×
Q2 24
1.43×
0.52×

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
L
L
Operating Cash FlowLast quarter
$38.3M
$617.0M
Free Cash FlowOCF − Capex
$426.0M
FCF MarginFCF / Revenue
51.5%
Capex IntensityCapex / Revenue
0.7%
23.1%
Cash ConversionOCF / Net Profit
2.20×
1.53×
TTM Free Cash FlowTrailing 4 quarters
$2.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHEF
CHEF
L
L
Q1 26
$38.3M
Q4 25
$73.9M
$617.0M
Q3 25
$-8.7M
$920.0M
Q2 25
$14.5M
$1.0B
Q1 25
$49.6M
$736.0M
Q4 24
$73.0M
$941.0M
Q3 24
$19.8M
$934.0M
Q2 24
$29.3M
$952.0M
Free Cash Flow
CHEF
CHEF
L
L
Q1 26
Q4 25
$65.8M
$426.0M
Q3 25
$-19.7M
$764.0M
Q2 25
$4.5M
$872.0M
Q1 25
$37.2M
$638.0M
Q4 24
$64.6M
$767.0M
Q3 24
$11.8M
$794.0M
Q2 24
$13.3M
$793.0M
FCF Margin
CHEF
CHEF
L
L
Q1 26
Q4 25
5.8%
51.5%
Q3 25
-1.9%
104.4%
Q2 25
0.4%
113.4%
Q1 25
3.9%
75.4%
Q4 24
6.3%
97.2%
Q3 24
1.3%
116.3%
Q2 24
1.4%
111.5%
Capex Intensity
CHEF
CHEF
L
L
Q1 26
0.7%
Q4 25
0.7%
23.1%
Q3 25
1.1%
21.3%
Q2 25
1.0%
17.4%
Q1 25
1.3%
11.6%
Q4 24
0.8%
22.1%
Q3 24
0.9%
20.5%
Q2 24
1.7%
22.4%
Cash Conversion
CHEF
CHEF
L
L
Q1 26
2.20×
Q4 25
3.41×
1.53×
Q3 25
-0.46×
1.83×
Q2 25
0.68×
2.57×
Q1 25
4.82×
1.99×
Q4 24
3.05×
5.03×
Q3 24
1.41×
2.33×
Q2 24
1.89×
2.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHEF
CHEF

Segment breakdown not available.

L
L

Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services$601.0M73%
Lodging And Related Services$226.0M27%

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