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Side-by-side financial comparison of Chefs' Warehouse, Inc. (CHEF) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.3× Chefs' Warehouse, Inc.). SEALED AIR CORP runs the higher net margin — 3.1% vs 1.6%, a 1.5% gap on every dollar of revenue. On growth, Chefs' Warehouse, Inc. posted the faster year-over-year revenue change (11.4% vs 2.6%). Over the past eight quarters, Chefs' Warehouse, Inc.'s revenue compounded faster (5.3% CAGR vs 2.7%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
CHEF vs SEE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.4B |
| Net Profit | $17.4M | $43.8M |
| Gross Margin | 24.3% | 28.6% |
| Operating Margin | 3.1% | 11.4% |
| Net Margin | 1.6% | 3.1% |
| Revenue YoY | 11.4% | 2.6% |
| Net Profit YoY | 68.8% | 700.0% |
| EPS (diluted) | $0.40 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $950.7M | $1.3B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $931.5M | $1.3B | ||
| Q2 24 | $954.7M | $1.3B |
| Q1 26 | $17.4M | — | ||
| Q4 25 | $21.7M | $43.8M | ||
| Q3 25 | $19.1M | $255.1M | ||
| Q2 25 | $21.2M | $93.1M | ||
| Q1 25 | $10.3M | $113.5M | ||
| Q4 24 | $23.9M | $-7.3M | ||
| Q3 24 | $14.1M | $91.7M | ||
| Q2 24 | $15.5M | $98.3M |
| Q1 26 | 24.3% | — | ||
| Q4 25 | 24.2% | 28.6% | ||
| Q3 25 | 24.2% | 29.8% | ||
| Q2 25 | 24.6% | 30.7% | ||
| Q1 25 | 23.8% | 30.9% | ||
| Q4 24 | 24.3% | 30.0% | ||
| Q3 24 | 24.1% | 30.1% | ||
| Q2 24 | 24.0% | 31.2% |
| Q1 26 | 3.1% | — | ||
| Q4 25 | 3.8% | 11.4% | ||
| Q3 25 | 3.8% | 13.8% | ||
| Q2 25 | 3.9% | 15.0% | ||
| Q1 25 | 2.4% | 14.5% | ||
| Q4 24 | 4.5% | 11.7% | ||
| Q3 24 | 3.4% | 13.9% | ||
| Q2 24 | 3.5% | 15.4% |
| Q1 26 | 1.6% | — | ||
| Q4 25 | 1.9% | 3.1% | ||
| Q3 25 | 1.9% | 19.0% | ||
| Q2 25 | 2.1% | 7.0% | ||
| Q1 25 | 1.1% | 9.0% | ||
| Q4 24 | 2.3% | -0.5% | ||
| Q3 24 | 1.5% | 6.9% | ||
| Q2 24 | 1.6% | 7.4% |
| Q1 26 | $0.40 | — | ||
| Q4 25 | $0.50 | $0.30 | ||
| Q3 25 | $0.44 | $1.73 | ||
| Q2 25 | $0.49 | $0.63 | ||
| Q1 25 | $0.25 | $0.77 | ||
| Q4 24 | $0.56 | $-0.05 | ||
| Q3 24 | $0.34 | $0.63 | ||
| Q2 24 | $0.37 | $0.67 |
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 | $344.0M |
| Total DebtLower is stronger | $750.4M | $3.3B |
| Stockholders' EquityBook value | $608.6M | $1.2B |
| Total Assets | $2.0B | $7.0B |
| Debt / EquityLower = less leverage | 1.23× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.7M | — | ||
| Q4 25 | $121.0M | $344.0M | ||
| Q3 25 | $65.1M | $282.5M | ||
| Q2 25 | $96.9M | $354.4M | ||
| Q1 25 | $116.5M | $335.2M | ||
| Q4 24 | $114.7M | $371.8M | ||
| Q3 24 | $50.7M | $386.0M | ||
| Q2 24 | $38.3M | $388.6M |
| Q1 26 | $750.4M | — | ||
| Q4 25 | $720.3M | $3.3B | ||
| Q3 25 | $711.7M | $4.0B | ||
| Q2 25 | $690.2M | $4.0B | ||
| Q1 25 | $681.1M | $4.2B | ||
| Q4 24 | $688.7M | $4.2B | ||
| Q3 24 | $666.6M | $4.3B | ||
| Q2 24 | $660.8M | $4.4B |
| Q1 26 | $608.6M | — | ||
| Q4 25 | $604.3M | $1.2B | ||
| Q3 25 | $576.6M | $1.2B | ||
| Q2 25 | $557.7M | $953.1M | ||
| Q1 25 | $541.6M | $797.9M | ||
| Q4 24 | $537.6M | $624.5M | ||
| Q3 24 | $480.3M | $771.2M | ||
| Q2 24 | $461.9M | $650.1M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $7.0B | ||
| Q3 25 | $1.9B | $7.1B | ||
| Q2 25 | $1.9B | $7.2B | ||
| Q1 25 | $1.8B | $7.0B | ||
| Q4 24 | $1.9B | $7.0B | ||
| Q3 24 | $1.8B | $7.3B | ||
| Q2 24 | $1.7B | $7.3B |
| Q1 26 | 1.23× | — | ||
| Q4 25 | 1.19× | 2.65× | ||
| Q3 25 | 1.23× | 3.34× | ||
| Q2 25 | 1.24× | 4.18× | ||
| Q1 25 | 1.26× | 5.26× | ||
| Q4 24 | 1.28× | 6.72× | ||
| Q3 24 | 1.39× | 5.62× | ||
| Q2 24 | 1.43× | 6.81× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | — | $257.7M |
| FCF MarginFCF / Revenue | — | 18.5% |
| Capex IntensityCapex / Revenue | 0.7% | 2.6% |
| Cash ConversionOCF / Net Profit | 2.20× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $38.3M | — | ||
| Q4 25 | $73.9M | $293.6M | ||
| Q3 25 | $-8.7M | $165.9M | ||
| Q2 25 | $14.5M | $136.6M | ||
| Q1 25 | $49.6M | $31.9M | ||
| Q4 24 | $73.0M | $244.2M | ||
| Q3 24 | $19.8M | $170.5M | ||
| Q2 24 | $29.3M | $188.2M |
| Q1 26 | — | — | ||
| Q4 25 | $65.8M | $257.7M | ||
| Q3 25 | $-19.7M | $119.6M | ||
| Q2 25 | $4.5M | $93.2M | ||
| Q1 25 | $37.2M | $-12.0M | ||
| Q4 24 | $64.6M | $185.1M | ||
| Q3 24 | $11.8M | $115.2M | ||
| Q2 24 | $13.3M | $129.5M |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 18.5% | ||
| Q3 25 | -1.9% | 8.9% | ||
| Q2 25 | 0.4% | 7.0% | ||
| Q1 25 | 3.9% | -0.9% | ||
| Q4 24 | 6.3% | 13.6% | ||
| Q3 24 | 1.3% | 8.6% | ||
| Q2 24 | 1.4% | 9.7% |
| Q1 26 | 0.7% | — | ||
| Q4 25 | 0.7% | 2.6% | ||
| Q3 25 | 1.1% | 3.4% | ||
| Q2 25 | 1.0% | 3.3% | ||
| Q1 25 | 1.3% | 3.5% | ||
| Q4 24 | 0.8% | 4.4% | ||
| Q3 24 | 0.9% | 4.1% | ||
| Q2 24 | 1.7% | 4.4% |
| Q1 26 | 2.20× | — | ||
| Q4 25 | 3.41× | 6.70× | ||
| Q3 25 | -0.46× | 0.65× | ||
| Q2 25 | 0.68× | 1.47× | ||
| Q1 25 | 4.82× | 0.28× | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | 1.41× | 1.86× | ||
| Q2 24 | 1.89× | 1.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHEF
Segment breakdown not available.
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
