NYSE : ARMK
Aramark — Financial statements
Industrials · Specialty Business Services · United States
Last price 53.96 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 14.23B
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Financial statements
Aramark (ARMK) reported revenue of 19.85B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 19.85B | 18.51B | 17.40B | 16.08B | 13.69B | 12.10B |
| Cost of Revenue | 16.81B | 15.61B | 14.72B | 13.67B | 11.73B | 10.66B |
| Gross Profit | 3.03B | 2.90B | 2.68B | 2.41B | 1.96B | 1.44B |
| Selling, General & Admin | 1.59B | 1.57B | 1.51B | 1.37B | 1.18B | 856.10M |
| Operating Expenses | 2.11B | 2.05B | 1.95B | 1.78B | 1.58B | 1.41B |
| Operating Income | 925.53M | 854.05M | 726.21M | 636.83M | 382.84M | 30.04M |
| Interest Expense | -356.48M | -364.38M | -389.19M | -467.29M | -384.86M | -413.71M |
| Interest & Investment Income | 22.45M | 22.45M | 22.48M | 29.81M | 16.68M | 15.25M |
| Other Non Operating Income (Expenses) | -2.90M | |||||
| EBT Excluding Unusual Items | 591.50M | 512.12M | 359.49M | 199.35M | 14.66M | -371.32M |
| Merger & Restructuring Charges | -36.40M | -36.40M | -35.10M | -19.60M | -9.00M | |
| Gain (Loss) on Sale of Investments | -19.46M | -19.46M | 25.07M | 375.97M | 137.93M | |
| Asset Writedown | -15.06M | -9.00M | -3.30M | -32.10M | ||
| Legal Settlements | -1.30M | |||||
| Other Unusual Items | -2.07M | -16.80M | -16.40M | 55.40M | 52.15M | 109.54M |
| Pretax Income | 517.21M | 430.46M | 364.87M | 563.52M | 47.21M | -132.85M |
| Income Tax Expense | 133.49M | 103.59M | 102.97M | 116.43M | 8.43M | -40.63M |
| Earnings From Continuing Operations | 383.72M | 326.87M | 261.89M | 447.10M | 38.78M | -92.22M |
| Earnings From Discontinued Operations | 226.43M | 155.40M | ||||
| Net Income to Company | 383.72M | 326.87M | 261.89M | 673.53M | 194.18M | -92.22M |
| Minority Interest in Earnings | -810.00K | -476.00K | 629.00K | 578.00K | 307.00K | 1.39M |
| Net Income | 382.91M | 326.39M | 262.52M | 674.11M | 194.48M | -90.83M |
| Net Income to Common | 382.91M | 326.39M | 262.52M | 674.11M | 194.48M | -90.83M |
| Shares Outstanding (Basic) | 263.24M | 263.86M | 263.05M | 260.59M | 257.31M | 254.75M |
| Shares Outstanding (Diluted) | 267.36M | 267.35M | 266.20M | 262.59M | 259.07M | 254.75M |
| EPS (Basic) | 1.45 | 1.24 | 1.00 | 2.59 | 0.76 | -0.36 |
| EPS (Diluted) | 1.43 | 1.22 | 0.99 | 2.57 | 0.75 | -0.36 |
| Free Cash Flow | 432.81M | 431.80M | 299.09M | 382.89M | 382.55M | 249.26M |
| Free Cash Flow Per Share | 1.62 | 1.61 | 1.12 | 1.46 | 1.48 | 0.98 |
| Dividend Per Share | 0.48 | 0.43 | 0.38 | 0.44 | 0.44 | 0.44 |
| Gross Margin | 15.29% | 15.67% | 15.38% | 15.00% | 14.33% | 11.88% |
| Operating Margin | 4.66% | 4.61% | 4.17% | 3.96% | 2.80% | 0.25% |
| Profit Margin | 1.93% | 1.76% | 1.51% | 4.19% | 1.42% | -0.75% |
| Free Cash Flow Margin | 2.18% | 2.33% | 1.72% | 2.38% | 2.79% | 2.06% |
| EBITDA | 1.44B | 1.33B | 1.16B | 1.05B | 780.82M | 580.74M |
| EBITDA Margin | 7.28% | 7.19% | 6.68% | 6.51% | 5.71% | 4.80% |
| D&A For EBITDA | 518.50M | 476.35M | 435.55M | 409.86M | 397.98M | 550.69M |
| EBIT | 925.53M | 854.05M | 726.21M | 636.83M | 382.84M | 30.04M |
| EBIT Margin | 4.66% | 4.61% | 4.17% | 3.96% | 2.80% | 0.25% |
| Effective Tax Rate | 25.81% | 24.06% | 28.22% | 20.66% | 17.86% |
Balance sheet
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 499.43M | 639.10M | 672.48M | 1.93B | 329.45M | 532.59M |
| Short-Term Investments | 42.34M | 110.71M | 78.20M | |||
| Trading Asset Securities | 20.97M | |||||
| Cash & Short-Term Investments | 520.39M | 639.10M | 714.83M | 2.04B | 407.66M | 532.59M |
| Accounts Receivable | 2.58B | 2.21B | 2.10B | 1.97B | 2.15B | 1.75B |
| Other Receivables | 26.80M | 3.83M | 10.20M | 10.84M | 23.52M | |
| Receivables | 2.58B | 2.24B | 2.10B | 1.98B | 2.16B | 1.77B |
| Inventory | 433.62M | 418.77M | 387.60M | 403.71M | 552.39M | 412.68M |
| Prepaid Expenses | 249.99M | 159.79M | 143.25M | 176.61M | 173.15M | 181.46M |
| Restricted Cash | 69.25M | 68.05M | 60.13M | |||
| Other Current Assets | 620.93M | |||||
| Total Current Assets | 3.86B | 3.52B | 3.41B | 5.22B | 3.29B | 2.90B |
| Property, Plant & Equipment | 2.58B | 2.44B | 2.21B | 2.00B | 2.62B | 2.63B |
| Long-Term Investments | 174.77M | 152.66M | 162.49M | 305.03M | 555.22M | 405.50M |
| Goodwill | 5.00B | 4.87B | 4.68B | 4.62B | 5.52B | 5.49B |
| Other Intangible Assets | 1.92B | 2.02B | 1.95B | 1.96B | 2.31B | 2.21B |
| Long-Term Deferred Charges | 114.11M | 116.30M | 126.45M | 588.93M | 558.58M | |
| Other Long-Term Assets | 440.42M | 180.52M | 150.49M | 2.64B | 193.74M | 188.41M |
| Total Assets | 13.97B | 13.30B | 12.67B | 16.87B | 15.08B | 14.38B |
| Accounts Payable | 1.14B | 1.52B | 1.39B | 1.27B | 1.32B | 919.09M |
| Accrued Expenses | 1.55B | 944.36M | 899.43M | 874.95M | 1.01B | 971.59M |
| Current Portion of Long-Term Debt | 34.92M | 19.26M | 964.29M | 1.54B | 37.62M | 31.02M |
| Current Portion of Leases | 67.91M | 73.03M | 54.16M | 55.02M | 96.29M | 95.11M |
| Current Income Taxes Payable | 70.73M | 67.20M | 79.88M | 58.99M | 58.41M | |
| Current Unearned Revenue | 206.20M | 379.27M | 370.80M | 350.20M | 346.95M | 340.59M |
| Other Current Liabilities | 537.33M | 464.32M | 858.77M | 408.56M | 441.62M | |
| Total Current Liabilities | 3.00B | 3.55B | 4.21B | 5.03B | 3.29B | 2.86B |
| Long-Term Debt | 6.03B | 5.33B | 4.27B | 5.07B | 7.23B | 7.34B |
| Long-Term Leases | 337.84M | 302.20M | 281.45M | 274.05M | 425.57M | 432.92M |
| Pension & Post-Retirement Benefits | 9.25M | 10.25M | 9.57M | 11.78M | 16.11M | |
| Long-Term Deferred Tax Liabilities | 487.95M | 410.87M | 375.38M | 410.94M | 501.40M | 383.22M |
| Other Long-Term Liabilities | 653.21M | 541.93M | 479.88M | 2.36B | 593.41M | 614.66M |
| Total Liabilities | 10.51B | 10.14B | 9.63B | 13.15B | 12.04B | 11.64B |
| Common Stock | 3.11M | 3.08M | 3.04M | 3.01M | 2.98M | 2.94M |
| Additional Paid-In Capital | 4.14B | 4.04B | 3.93B | 3.83B | 3.68B | 3.53B |
| Retained Earnings | 652.31M | 453.28M | 239.71M | 964.16M | 406.78M | 327.56M |
| Treasury Stock | -1.25B | -1.18B | -1.00B | -981.83M | -950.51M | -932.67M |
| Comprehensive Income & Other | -151.86M | -167.41M | -132.46M | -98.24M | -111.57M | -208.01M |
| Total Common Equity | 3.39B | 3.15B | 3.04B | 3.71B | 3.03B | 2.72B |
| Minority Interest | 69.92M | 14.13M | 7.49M | 8.22M | 8.84M | 9.05M |
| Shareholders' Equity | 3.46B | 3.16B | 3.05B | 3.72B | 3.04B | 2.73B |
| Total Liabilities & Equity | 13.97B | 13.30B | 12.67B | 16.87B | 15.08B | 14.38B |
| Total Debt | 6.47B | 5.73B | 5.57B | 6.94B | 7.79B | 7.90B |
| Net Cash (Debt) | -5.95B | -5.09B | -4.85B | -4.90B | -7.38B | -7.37B |
| Net Cash Per Share | -22.25 | -19.03 | -18.23 | -18.66 | -28.48 | -28.92 |
| Filing Date Shares Outstanding | 263.63M | 262.93M | 263.95M | 261.51M | 258.74M | 256.04M |
| Total Common Shares Outstanding | 263.56M | 262.90M | 263.94M | 261.45M | 258.73M | 256.00M |
| Working Capital | 854.71M | -23.83M | -807.65M | 190.06M | 6.10M | 41.42M |
| Book Value Per Share | 12.88 | 11.97 | 11.51 | 14.20 | 11.71 | 10.64 |
| Tangible Book Value | -3.52B | -3.75B | -3.59B | -2.87B | -4.80B | -4.98B |
| Tangible Book Value Per Share | -13.37 | -14.26 | -13.59 | -10.97 | -18.55 | -19.44 |
| Land | 566.08M | 559.20M | 500.89M | 1.04B | 983.54M | |
| Machinery | 3.93B | 3.75B | 3.58B | 4.48B | 4.36B |
Cash flow statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 382.91M | 326.39M | 262.52M | 674.11M | 194.48M | -90.83M |
| Depreciation & Amortization | 518.50M | 476.35M | 435.55M | 409.86M | 397.98M | 550.69M |
| Asset Writedown & Restructuring Costs | 15.00M | 8.95M | 18.19M | 29.86M | ||
| Loss (Gain) From Sale of Investments | 19.46M | 19.46M | -25.07M | -375.97M | -137.93M | |
| Stock-Based Compensation | 68.03M | 58.64M | 62.55M | 76.34M | 82.30M | 71.05M |
| Other Operating Activities | -74.68M | -68.38M | -98.94M | -342.13M | -206.88M | -40.15M |
| Change in Accounts Receivable | -154.07M | -74.48M | -99.79M | -177.87M | -410.80M | -290.21M |
| Change in Inventory | -35.99M | -24.09M | -3.83M | -35.33M | -77.43M | -7.54M |
| Change in Accounts Payable | 1.80M | 115.59M | 105.87M | 115.44M | 392.34M | 252.16M |
| Change in Other Net Operating Assets | 169.84M | 82.60M | 69.47M | 137.35M | 91.92M | 349.84M |
| Operating Cash Flow | 910.81M | 921.03M | 726.51M | 766.43M | 694.50M | 657.08M |
| Capital Expenditures | -478.00M | -489.24M | -427.43M | -383.54M | -311.95M | -407.82M |
| Sale of Property, Plant & Equipment | 30.76M | 22.67M | 23.95M | 18.06M | 16.33M | 32.47M |
| Cash Acquisitions | -94.91M | -263.57M | -148.71M | -50.19M | -322.82M | -265.77M |
| Investment in Securities | -5.32M | 18.06M | 140.08M | 599.18M | -142.22M | |
| Other Investing Activities | 3.36M | -10.34M | -3.76M | 25.40M | -70.62M | 6.72M |
| Investing Cash Flow | -544.11M | -722.42M | -415.86M | 208.91M | -831.29M | -634.39M |
| Long-Term Debt Issued | 1.97B | 571.29M | 1.29B | 204.99M | 893.99M | |
| Long-Term Debt Repaid | -1.92B | -2.00B | -2.01B | -124.30M | -2.77B | |
| Net Debt Issued (Repaid) | -175.23M | 45.78M | -1.43B | -720.65M | 80.69M | -1.88B |
| Issuance of Common Stock | 49.72M | 42.97M | 36.57M | 45.60M | 42.95M | 41.59M |
| Repurchase of Common Stock | -96.91M | -169.83M | -14.39M | -23.66M | ||
| Common Dividends Paid | -122.28M | -110.82M | -99.90M | -114.61M | -113.12M | -112.01M |
| Other Financing Activities | -5.71M | -42.73M | -51.20M | 1.48B | -66.78M | -59.74M |
| Financing Cash Flow | -350.40M | -234.63M | -1.56B | 662.95M | -56.26M | -2.01B |
| Foreign Exchange Rate Adjustments | -5.33M | 10.55M | 10.79M | 4.70M | -28.66M | 6.05M |
| Net Cash Flow | 10.97M | -25.47M | -1.24B | 1.64B | -221.70M | -1.98B |
| Free Cash Flow | 432.81M | 431.80M | 299.09M | 382.89M | 382.55M | 249.26M |
| Free Cash Flow Margin | 2.18% | 2.33% | 1.72% | 2.38% | 2.79% | 2.06% |
| Free Cash Flow Per Share | 1.62 | 1.61 | 1.12 | 1.46 | 1.48 | 0.98 |
| Levered Free Cash Flow | 374.14M | 418.41M | 531.90M | 194.41M | 69.68M | 330.06M |
| Unlevered Free Cash Flow | 596.94M | 646.14M | 775.14M | 486.47M | 310.21M | 588.63M |
| Cash Interest Paid | 324.69M | 328.90M | 333.50M | 408.30M | 328.70M | 369.70M |
| Cash Income Tax Paid | 76.17M | 116.50M | 116.20M | 46.00M | 12.20M | -104.90M |
| Change in Working Capital | -18.42M | 99.63M | 71.72M | 39.59M | -3.97M | 304.25M |
Ratios
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.23B | 10.25B | 10.13B | 9.06B | 8.04B | 9.13B |
| Enterprise Value | 20.17B | 16.34B | 15.84B | 16.58B | 16.16B | 16.79B |
| Last Close Price | 53.96 | 38.59 | 37.63 | 24.23 | 21.54 | 24.39 |
| PE Ratio | 37.74 | 31.41 | 38.58 | 13.44 | 41.34 | |
| Forward PE | 20.45 | 17.73 | 21.07 | 16.02 | 16.82 | 26.17 |
| PS Ratio | 0.72 | 0.55 | 0.58 | 0.56 | 0.59 | 0.76 |
| PB Ratio | 4.19 | 3.24 | 3.32 | 2.43 | 2.65 | 3.34 |
| P/FCF Ratio | 32.87 | 23.74 | 33.86 | 23.66 | 21.02 | 36.64 |
| P/OCF Ratio | 15.62 | 11.13 | 13.94 | 11.82 | 11.58 | 13.90 |
| PEG Ratio | 1.01 | 1.35 | 0.78 | 0.51 | 41.04 | 41.04 |
| EV/Sales Ratio | 1.02 | 0.88 | 0.91 | 1.03 | 1.18 | 1.39 |
| EV/EBITDA Ratio | 13.97 | 12.28 | 13.63 | 15.84 | 20.70 | 28.91 |
| EV/EBIT Ratio | 21.80 | 19.13 | 21.81 | 26.03 | 42.21 | 558.92 |
| EV/FCF Ratio | 46.61 | 37.84 | 52.96 | 43.29 | 42.24 | 67.37 |
| Debt / Equity Ratio | 1.87 | 1.81 | 1.83 | 1.86 | 2.56 | 2.89 |
| Debt / EBITDA Ratio | 2.34 | 2.18 | 2.31 | 3.21 | 4.56 | 7.25 |
| Debt / FCF Ratio | 14.95 | 13.26 | 18.61 | 18.12 | 20.35 | 31.69 |
| Net Debt / Equity Ratio | 1.72 | 1.61 | 1.59 | 1.32 | 2.43 | 2.70 |
| Net Debt / EBITDA Ratio | 4.12 | 3.82 | 4.18 | 4.68 | 9.45 | 12.69 |
| Net Debt / FCF Ratio | 13.74 | 11.78 | 16.22 | 12.80 | 19.29 | 29.55 |
| Asset Turnover | 1.46 | 1.43 | 1.18 | 1.01 | 0.93 | 0.80 |
| Inventory Turnover | 40.61 | 38.71 | 37.22 | 28.60 | 24.30 | 25.11 |
| Quick Ratio | 1.03 | 0.81 | 0.67 | 0.80 | 0.78 | 0.81 |
| Current Ratio | 1.28 | 0.99 | 0.81 | 1.04 | 1.00 | 1.01 |
| Return on Equity (ROE) | 11.69% | 10.53% | 7.74% | 13.23% | 1.34% | -3.37% |
| Return on Assets (ROA) | 4.24% | 4.11% | 3.07% | 2.49% | 1.62% | 0.12% |
| Return on Invested Capital (ROIC) | 7.35% | 8.03% | 6.31% | 5.31% | 3.07% | 0.30% |
| Return on Capital Employed (ROCE) | 8.40% | 8.80% | 8.60% | 5.40% | 3.20% | 0.30% |
| Earnings Yield | 2.65% | 3.18% | 2.59% | 7.44% | 2.42% | -1.00% |
| FCF Yield | 3.04% | 4.21% | 2.95% | 4.23% | 4.76% | 2.73% |
| Dividend Yield | 0.89% | 1.12% | 0.99% | 1.27% | 1.42% | 1.23% |
| Payout Ratio | 33.57% | 33.95% | 38.05% | 17.00% | 58.16% | |
| Buyback Yield / Dilution | 0.07% | -0.43% | -1.37% | -1.36% | -1.70% | -1.16% |
| Total Shareholder Return | 0.96% | 0.68% | -0.38% | -0.09% | -0.28% | 0.07% |