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Side-by-side financial comparison of Chefs' Warehouse, Inc. (CHEF) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.1B, roughly 1.4× Chefs' Warehouse, Inc.). Chefs' Warehouse, Inc. runs the higher net margin — 1.6% vs -3.1%, a 4.8% gap on every dollar of revenue. On growth, Chefs' Warehouse, Inc. posted the faster year-over-year revenue change (11.4% vs -11.9%). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
CHEF vs RXO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.5B |
| Net Profit | $17.4M | $-46.0M |
| Gross Margin | 24.3% | — |
| Operating Margin | 3.1% | -2.9% |
| Net Margin | 1.6% | -3.1% |
| Revenue YoY | 11.4% | -11.9% |
| Net Profit YoY | 68.8% | -84.0% |
| EPS (diluted) | $0.40 | $-0.28 |
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.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $950.7M | $1.4B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $931.5M | $1.0B | ||
| Q2 24 | $954.7M | $930.0M |
| Q1 26 | $17.4M | — | ||
| Q4 25 | $21.7M | $-46.0M | ||
| Q3 25 | $19.1M | $-14.0M | ||
| Q2 25 | $21.2M | $-9.0M | ||
| Q1 25 | $10.3M | $-31.0M | ||
| Q4 24 | $23.9M | $-25.0M | ||
| Q3 24 | $14.1M | $-243.0M | ||
| Q2 24 | $15.5M | $-7.0M |
| 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% | — |
| Q1 26 | 3.1% | — | ||
| Q4 25 | 3.8% | -2.9% | ||
| Q3 25 | 3.8% | -0.5% | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 2.4% | -2.1% | ||
| Q4 24 | 4.5% | -1.4% | ||
| Q3 24 | 3.4% | -1.9% | ||
| Q2 24 | 3.5% | — |
| Q1 26 | 1.6% | — | ||
| Q4 25 | 1.9% | -3.1% | ||
| Q3 25 | 1.9% | -1.0% | ||
| Q2 25 | 2.1% | -0.6% | ||
| Q1 25 | 1.1% | -2.2% | ||
| Q4 24 | 2.3% | -1.5% | ||
| Q3 24 | 1.5% | -23.4% | ||
| Q2 24 | 1.6% | -0.8% |
| Q1 26 | $0.40 | — | ||
| Q4 25 | $0.50 | $-0.28 | ||
| Q3 25 | $0.44 | $-0.08 | ||
| Q2 25 | $0.49 | $-0.05 | ||
| Q1 25 | $0.25 | $-0.18 | ||
| Q4 24 | $0.56 | $-0.17 | ||
| Q3 24 | $0.34 | $-1.81 | ||
| Q2 24 | $0.37 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $122.7M | $17.0M |
| Total DebtLower is stronger | $750.4M | $387.0M |
| Stockholders' EquityBook value | $608.6M | $1.5B |
| Total Assets | $2.0B | $3.3B |
| Debt / EquityLower = less leverage | 1.23× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.7M | — | ||
| Q4 25 | $121.0M | $17.0M | ||
| Q3 25 | $65.1M | $25.0M | ||
| Q2 25 | $96.9M | $18.0M | ||
| Q1 25 | $116.5M | $16.0M | ||
| Q4 24 | $114.7M | $35.0M | ||
| Q3 24 | $50.7M | $55.0M | ||
| Q2 24 | $38.3M | $7.0M |
| Q1 26 | $750.4M | — | ||
| Q4 25 | $720.3M | $387.0M | ||
| Q3 25 | $711.7M | $387.0M | ||
| Q2 25 | $690.2M | $387.0M | ||
| Q1 25 | $681.1M | $387.0M | ||
| Q4 24 | $688.7M | $351.0M | ||
| Q3 24 | $666.6M | $352.0M | ||
| Q2 24 | $660.8M | $370.0M |
| Q1 26 | $608.6M | — | ||
| Q4 25 | $604.3M | $1.5B | ||
| Q3 25 | $576.6M | $1.6B | ||
| Q2 25 | $557.7M | $1.6B | ||
| Q1 25 | $541.6M | $1.6B | ||
| Q4 24 | $537.6M | $1.6B | ||
| Q3 24 | $480.3M | $1.7B | ||
| Q2 24 | $461.9M | $579.0M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $3.3B | ||
| Q3 25 | $1.9B | $3.2B | ||
| Q2 25 | $1.9B | $3.2B | ||
| Q1 25 | $1.8B | $3.3B | ||
| Q4 24 | $1.9B | $3.4B | ||
| Q3 24 | $1.8B | $3.4B | ||
| Q2 24 | $1.7B | $1.8B |
| Q1 26 | 1.23× | — | ||
| Q4 25 | 1.19× | 0.25× | ||
| Q3 25 | 1.23× | 0.24× | ||
| Q2 25 | 1.24× | 0.24× | ||
| Q1 25 | 1.26× | 0.24× | ||
| Q4 24 | 1.28× | 0.22× | ||
| Q3 24 | 1.39× | 0.21× | ||
| Q2 24 | 1.43× | 0.64× |
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 | $38.3M | $7.0M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | 0.7% | 1.1% |
| Cash ConversionOCF / Net Profit | 2.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $38.3M | — | ||
| Q4 25 | $73.9M | $7.0M | ||
| Q3 25 | $-8.7M | $23.0M | ||
| Q2 25 | $14.5M | $23.0M | ||
| Q1 25 | $49.6M | $-2.0M | ||
| Q4 24 | $73.0M | $-7.0M | ||
| Q3 24 | $19.8M | $-7.0M | ||
| Q2 24 | $29.3M | $-5.0M |
| Q1 26 | — | — | ||
| Q4 25 | $65.8M | $-9.0M | ||
| Q3 25 | $-19.7M | $9.0M | ||
| Q2 25 | $4.5M | $9.0M | ||
| Q1 25 | $37.2M | $-17.0M | ||
| Q4 24 | $64.6M | $-19.0M | ||
| Q3 24 | $11.8M | $-18.0M | ||
| Q2 24 | $13.3M | $-16.0M |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | -0.6% | ||
| Q3 25 | -1.9% | 0.6% | ||
| Q2 25 | 0.4% | 0.6% | ||
| Q1 25 | 3.9% | -1.2% | ||
| Q4 24 | 6.3% | -1.1% | ||
| Q3 24 | 1.3% | -1.7% | ||
| Q2 24 | 1.4% | -1.7% |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 0.7% | 1.1% | ||
| Q3 25 | 1.1% | 1.0% | ||
| Q2 25 | 1.0% | 1.0% | ||
| Q1 25 | 1.3% | 1.0% | ||
| Q4 24 | 0.8% | 0.7% | ||
| Q3 24 | 0.9% | 1.1% | ||
| Q2 24 | 1.7% | 1.2% |
| Q1 26 | 2.20× | — | ||
| Q4 25 | 3.41× | — | ||
| Q3 25 | -0.46× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 4.82× | — | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 1.89× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHEF
Segment breakdown not available.
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
