Aramark (ARMK)
Market Price (4/11/2026): $42.86 | Market Cap: $11.3 BilSector: Consumer Discretionary | Industry: Distributors
Aramark (ARMK)
Market Price (4/11/2026): $42.86Market Cap: $11.3 BilSector: Consumer DiscretionaryIndustry: Distributors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 29% Megatrend and thematic driversMegatrends include Health & Wellness Trends, Vegan & Alternative Foods, and Sustainable Resource Management. Themes include Organic & Natural Products, Show more. | Trading close to highsDist 52W High is -2.1%, Dist 3Y High is -2.1% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 54% Key risksARMK key risks include [1] its dependence on client retention and favorable contract renewals and [2] significant margin pressure from rising labor costs and workforce management challenges. |
| Low stock price volatilityVol 12M is 29% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, Vegan & Alternative Foods, and Sustainable Resource Management. Themes include Organic & Natural Products, Show more. |
| Trading close to highsDist 52W High is -2.1%, Dist 3Y High is -2.1% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 54% |
| Key risksARMK key risks include [1] its dependence on client retention and favorable contract renewals and [2] significant margin pressure from rising labor costs and workforce management challenges. |
Qualitative Assessment
AI Analysis | Feedback
Aramark (ARMK) stock has gained about 15% since 12/31/2025 because of the following key factors:
1. Strong First Quarter Fiscal 2026 Financial Results Exceeding Expectations and Optimistic Outlook.
Aramark reported robust first quarter fiscal 2026 results on February 10, 2026, with organic revenue growing 5% to $4.8 billion, surpassing analyst estimates of $4.7 billion. The company also achieved diluted earnings per share (EPS) of $0.51, beating the consensus estimate of $0.50. Management noted that a calendar shift from a 53rd week in the prior fiscal year reduced reported Q1 organic revenue growth by an estimated 3%, meaning underlying organic revenue growth would have been approximately 8% without this factor. Aramark reaffirmed its full-year fiscal 2026 outlook, projecting 7-9% organic revenue growth and 20-25% adjusted EPS growth.
2. Significant New Business Wins and High Client Retention Rates.
The company demonstrated exceptional client retention and secured substantial new business wins during the period. Notable contract acquisitions included the largest healthcare contract in U.S. history with Penn Medicine and a major agreement with RWJBarnabas Health in New Jersey. Aramark is on track to achieve its net new business growth target of 4% to 5% for fiscal 2026, driven by high retention rates and accelerated onboarding of new accounts. The company is also capitalizing on first-time outsourcing trends, particularly within the healthcare sector.
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1. Strong First Quarter Fiscal 2026 Financial Results Exceeding Expectations and Optimistic Outlook.
Aramark reported robust first quarter fiscal 2026 results on February 10, 2026, with organic revenue growing 5% to $4.8 billion, surpassing analyst estimates of $4.7 billion. The company also achieved diluted earnings per share (EPS) of $0.51, beating the consensus estimate of $0.50. Management noted that a calendar shift from a 53rd week in the prior fiscal year reduced reported Q1 organic revenue growth by an estimated 3%, meaning underlying organic revenue growth would have been approximately 8% without this factor. Aramark reaffirmed its full-year fiscal 2026 outlook, projecting 7-9% organic revenue growth and 20-25% adjusted EPS growth.
2. Significant New Business Wins and High Client Retention Rates.
The company demonstrated exceptional client retention and secured substantial new business wins during the period. Notable contract acquisitions included the largest healthcare contract in U.S. history with Penn Medicine and a major agreement with RWJBarnabas Health in New Jersey. Aramark is on track to achieve its net new business growth target of 4% to 5% for fiscal 2026, driven by high retention rates and accelerated onboarding of new accounts. The company is also capitalizing on first-time outsourcing trends, particularly within the healthcare sector.
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Stock Movement Drivers
Fundamental Drivers
The 16.6% change in ARMK stock from 12/31/2025 to 4/10/2026 was primarily driven by a 20.1% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.75 | 42.86 | 16.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 18,506 | 18,786 | 1.5% |
| Net Income Margin (%) | 1.8% | 1.7% | -4.3% |
| P/E Multiple | 29.6 | 35.6 | 20.1% |
| Shares Outstanding (Mil) | 263 | 263 | 0.0% |
| Cumulative Contribution | 16.6% |
Market Drivers
12/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| ARMK | 16.6% | |
| Market (SPY) | -5.4% | 50.3% |
| Sector (XLY) | -5.5% | 56.0% |
Fundamental Drivers
The 12.3% change in ARMK stock from 9/30/2025 to 4/10/2026 was primarily driven by a 28.4% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.16 | 42.86 | 12.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,875 | 18,786 | 5.1% |
| Net Income Margin (%) | 2.0% | 1.7% | -16.6% |
| P/E Multiple | 27.7 | 35.6 | 28.4% |
| Shares Outstanding (Mil) | 263 | 263 | -0.2% |
| Cumulative Contribution | 12.3% |
Market Drivers
9/30/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| ARMK | 12.3% | |
| Market (SPY) | -2.9% | 37.2% |
| Sector (XLY) | -5.6% | 43.5% |
Fundamental Drivers
The 25.6% change in ARMK stock from 3/31/2025 to 4/10/2026 was primarily driven by a 33.7% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.12 | 42.86 | 25.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 17,545 | 18,786 | 7.1% |
| Net Income Margin (%) | 1.9% | 1.7% | -12.8% |
| P/E Multiple | 26.6 | 35.6 | 33.7% |
| Shares Outstanding (Mil) | 265 | 263 | 0.7% |
| Cumulative Contribution | 25.6% |
Market Drivers
3/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| ARMK | 25.6% | |
| Market (SPY) | 16.3% | 56.7% |
| Sector (XLY) | 15.0% | 54.0% |
Fundamental Drivers
The 71.4% change in ARMK stock from 3/31/2023 to 4/10/2026 was primarily driven by a 37.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312023 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.01 | 42.86 | 71.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 13,653 | 18,786 | 37.6% |
| Net Income Margin (%) | 1.7% | 1.7% | 1.9% |
| P/E Multiple | 28.7 | 35.6 | 23.9% |
| Shares Outstanding (Mil) | 259 | 263 | -1.4% |
| Cumulative Contribution | 71.4% |
Market Drivers
3/31/2023 to 4/10/2026| Return | Correlation | |
|---|---|---|
| ARMK | 71.4% | |
| Market (SPY) | 63.3% | 47.7% |
| Sector (XLY) | 54.4% | 43.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ARMK Return | -3% | 14% | -5% | 34% | -0% | 18% | 66% |
| Peers Return | 5% | -0% | 12% | 47% | 28% | 9% | 139% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| ARMK Win Rate | 42% | 50% | 50% | 75% | 33% | 75% | |
| Peers Win Rate | 50% | 53% | 56% | 64% | 50% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| ARMK Max Drawdown | -17% | -20% | -19% | -1% | -18% | -1% | |
| Peers Max Drawdown | -15% | -20% | -14% | -9% | -21% | -7% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ABM, EME, HCSG. See ARMK Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/10/2026 (YTD)
How Low Can It Go
| Event | ARMK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -31.0% | -25.4% |
| % Gain to Breakeven | 45.0% | 34.1% |
| Time to Breakeven | 180 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -72.3% | -33.9% |
| % Gain to Breakeven | 261.5% | 51.3% |
| Time to Breakeven | 1,547 days | 148 days |
| 2018 Correction | ||
| % Loss | -40.2% | -19.8% |
| % Gain to Breakeven | 67.2% | 24.7% |
| Time to Breakeven | 388 days | 120 days |
Compare to ABM, EME, HCSG
In The Past
Aramark's stock fell -31.0% during the 2022 Inflation Shock from a high on 3/12/2021. A -31.0% loss requires a 45.0% gain to breakeven.
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About Aramark (ARMK)
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical support services, such as patient food and nutrition, retail food, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services. It also provides on-site restaurants, catering, convenience stores, and executive dining services; beverage and vending services; and facility management services comprising landscaping, transportation, payment, and other facility consulting services relating to building operations. In addition, the company offers concessions, banquet, and catering services; retail services and merchandise sale, recreational, and lodging services; and facility management services at sports, entertainment, and recreational facilities. Further, the company offers correctional food; and operates commissaries, laundry facilities, and property rooms. Additionally, it provides design, sourcing and manufacturing, delivery, cleaning, maintenance, and marketing services for uniforms and accessories; provides managed restroom services; and rents uniforms, work clothing, outerwear, particulate-free garments, and non-garment items and related services that include mats, shop towels, and first aid supplies. The company was formerly known as ARAMARK Holdings Corporation and changed its name to Aramark in May 2014. Aramark was founded in 1959 and is based in Philadelphia, Pennsylvania.
AI Analysis | Feedback
Here are a couple of brief analogies for Aramark:
Aramark is like a combination of Cintas (for uniforms and facility supplies) and the company that manages the dining halls, concession stands, and cleaning services for many universities, hospitals, and sports stadiums.
Aramark is like the ADP of physical operational services, outsourcing the management of food, facilities, and uniforms for large institutions.
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- Managed Food Services: Aramark provides comprehensive dining, catering, food service management, and convenience-oriented retail services to various sectors including education, healthcare, business, and industry.
- Sports, Leisure & Entertainment Event Services: This includes specialized concessions, banqueting, catering, retail, merchandise sales, recreational, and lodging services for sports, entertainment, and recreational facilities.
- Correctional Facility Services: Aramark offers dedicated correctional food services, commissary operations, laundry facilities, and property room management for correctional institutions.
- Facilities Management Services: The company delivers non-clinical support, plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.
- Uniform and Career Apparel Services: This segment provides the design, sourcing, manufacturing, delivery, cleaning, maintenance, and rental of uniforms, work clothing, outerwear, and related non-garment items like mats and first aid supplies.
AI Analysis | Feedback
Aramark (ARMK) primarily provides its food, facilities, and uniform services to a wide range of organizations and institutions, rather than directly to individuals. Due to the diversified nature of its business, serving numerous clients across various sectors and locations, specific individual customer names that represent a material portion of its revenue are generally not publicly disclosed.
Based on the company description, Aramark's major customers are best characterized by the following client categories:
- Education clients: This includes K-12 school districts, colleges, and universities.
- Healthcare clients: This encompasses hospitals and other healthcare systems.
- Business and Industry clients: This category covers a broad spectrum of corporations, manufacturing facilities, and other commercial enterprises.
- Sports, Leisure, and Entertainment clients: This includes stadiums, arenas, convention centers, national parks, and other recreational and entertainment venues.
- Corrections clients: This involves correctional facilities and institutions.
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John Zillmer, Chief Executive Officer
John Zillmer rejoined Aramark as CEO in 2019, having previously spent 18 years with the company, culminating as President of Global Food & Support Services. After his initial tenure at Aramark, he served as Chairman and CEO of Allied Waste Industries and later as CEO and Executive Chairman of Univar, a global chemical and ingredients distributor. He is recognized for his deep experience in food services, corporate culture, logistics, corporate governance, and business optimization.
Jim Tarangelo, Executive Vice President and Chief Financial Officer
Jim Tarangelo was appointed Aramark's CFO in January 2024. He has a 20-year career with Aramark, most recently serving as Senior Vice President and Treasurer, with responsibilities for Global Treasury, Corporate Planning, Mergers and Acquisitions, and Tax. He played a key role in the 2023 spin-off of Aramark's uniforms business. Prior to joining Aramark, he held investment banking roles at PricewaterhouseCoopers and Legg Mason.
Marc Bruno, Chief Operating Officer, U.S. Food & Facilities
Marc Bruno leads Aramark's ten U.S. food and facilities businesses. He began his career at Aramark as a campus hire and has progressed through various sales and operating roles both in the U.S. and internationally. He is also responsible for Aramark's Olympic projects.
Lauren Harrington, Executive Vice President and General Counsel
Lauren Harrington serves as Executive Vice President and General Counsel for Aramark. In this role, she leads the legal team for all corporate and business matters and oversees global compliance and corporate security functions. She joined Aramark in 2006.
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Here are the key risks to Aramark's business:
- High Debt Load and Financial Leverage: Aramark carries a significant amount of debt, which means a portion of its earnings is allocated to interest payments. While management is working to reduce this debt, it remains a considerable financial risk that could limit the company's financial flexibility and increase its vulnerability, particularly if economic conditions worsen or interest rates remain high. As of March 2025, the company's total debt was around $6.49 billion, with a high debt-to-equity ratio.
- Intense Competitive Pressure and Thin Profit Margins: Aramark operates in a highly competitive industry for food, facilities, and uniform services, facing numerous local, national, and international competitors. This intense competition can lead to price wars, compression of profit margins, and the potential loss of key contracts. The nature of service-based businesses means Aramark typically operates with inherently thin profit margins, which are further challenged by rising labor and food costs.
- Sensitivity to Economic Conditions and Operational Costs: Aramark's performance is significantly influenced by broader economic conditions, as economic downturns can reduce demand for its services across its diverse client base in education, healthcare, and business. The company is also exposed to fluctuations in market interest rates, global inflationary costs (such as food and labor), and foreign currency exchange rates, which can impact its operations and financial results, especially given its international footprint. Managing the complexities and rising operational costs of a large, diverse operation also poses ongoing challenges to efficiency and cost-effectiveness.
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Aramark (ARMK) operates in large addressable markets for its food, facilities, and uniform services across various sectors globally and in the United States.
Food and Support Services (FSS)
Aramark's Food and Support Services encompass a wide range of managed food services for education, healthcare, business and industry, sports, leisure, and correctional facilities. The overall foodservice market represents a significant opportunity.
- Global Food Service Market: The global foodservice market size was estimated at USD 3,099.66 billion in 2023 and is projected to reach USD 3,787.47 billion by 2030. Other estimates place the global foodservice market size at USD 4.34 trillion in 2025, forecast to reach USD 7.61 trillion by 2030.
- U.S. Food Service Market: The U.S. food service market size was valued at USD 1,202.65 billion in 2024 and is projected to grow to USD 2,066.21 billion by 2032. Another report indicates the U.S. Food Services Market Size was valued at USD 1,016.55 billion in 2024 and is projected to reach USD 2,347.75 billion by 2032.
- U.S. Healthcare/Hospital Food Services Market: This market was valued at USD 22.05 billion in 2024 and is projected to reach USD 63.50 billion by 2034.
- Global Foodservice in Education Market: The global foodservice in education market size is anticipated to be valued at USD 26.94 billion in 2026, with projected growth to USD 37.72 billion by 2035. The global K12 Foodservice Market was valued at USD 38.1 billion in 2024 and is expected to grow to USD 55.7 billion by 2035.
- U.S. Correctional Food Services Market: This industry was worth approximately USD 3.2 billion in 2022 in the United States. The U.S. market size is expected to grow from USD 4076.85 million in 2019 to USD 5286.81 million by 2025.
Facility Management Services
Aramark provides a range of facility management services, including plant operations and maintenance, custodial/housekeeping, and energy management.
- Global Facility Management Services Market: The global facility management services market size was valued at USD 1.75 trillion in 2024 and is projected to reach USD 2.33 trillion by 2033. Another source estimates the global facility management market size at USD 1,367.96 billion in 2025, projected to grow to USD 2,750.87 billion by 2034.
- U.S. Facility Management Market: The U.S. facility management market was valued at USD 365.93 billion in 2025 and is estimated to grow to USD 434.16 billion by 2031. Another report indicates the U.S. Facility Management Market size was valued at around USD 315.78 billion in 2024 and is expected to reach USD 442.89 billion by 2030.
Uniform and Career Apparel
Aramark offers design, sourcing, manufacturing, delivery, cleaning, and maintenance services for uniforms and accessories, as well as uniform rental.
- Global Uniform Rental Market: The global uniform rental market size reached USD 22.7 billion in 2024 and is projected to grow to USD 38.7 billion by 2033. Another report states the Uniform Rental Services Market Size was valued at USD 24.6 billion in 2024 and is expected to grow to USD 42.5 billion by 2035. The broader global uniform rental and cleaning services market is valued at approximately USD 35 billion.
- North America Uniform Rental Market: North America remains the largest market, accounting for approximately USD 8.4 billion in 2024. This market is projected to reach USD 17 billion by 2035 from USD 11 billion in 2024.
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Aramark (ARMK) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Net New Business Wins and High Client Retention: Aramark anticipates significant revenue growth from securing new client contracts and maintaining strong client relationships. The company aims for 4% to 5% net new business growth annually with retention levels above 95% in fiscal 2025 and beyond. In fiscal 2025, Aramark achieved a record $1.6 billion in annualized gross new business wins, which was over 12% higher than fiscal 2024. This included securing the largest contract win in its U.S. Food and Support Services history. The company continues to have a substantial pipeline of new business opportunities across various sectors such as Healthcare, Education, Corrections, Sports, Mining, and Energy, both domestically and internationally.
- Increased Base Business Volume: Growth is consistently observed in Aramark's existing client base through higher participation rates and increased consumer spending. For instance, the Sports and Entertainment sector has shown robust consumer demand, higher attendance, and strong per-capita spending at venues. Additionally, the Business & Industry segment has seen growth from higher participation rates, and Collegiate Hospitality has benefited from meal plan optimization.
- Strong International Segment Performance and Expansion: The International segment is a consistent driver of revenue growth, having delivered double-digit organic revenue growth for 19 consecutive quarters. In Q1 2026, the segment saw an increase of over 13% year-over-year in organic revenue, with contributions from various countries including the UK, Spain, Germany, and Chile. Aramark is actively seeking opportunities to expand its global footprint.
- Strategic Acquisitions and Service Diversification: Aramark is pursuing strategic acquisitions to strengthen its market presence and diversify its service offerings. These acquisitions are aimed at expanding its Group Purchasing Organization (GPO) network into new territories and broadening its portfolio. An example is the acquisition of the European-based GPO, Quantum Cost Consultancy Group, in December 2024, which enhances its procurement and supply chain services.
- Leveraging Technology and Innovation: The company is investing in technology, including Artificial Intelligence (AI) and the Internet of Things (IoT), to improve supply chain efficiencies, provide real-time business insights, and enhance client and customer experiences. These technological advancements are expected to fuel growth by improving operational effectiveness and strengthening client relationships.
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Share Repurchases
- Aramark's Board of Directors authorized a new share repurchase program of up to $500 million in November 2024.
- As of May 6, 2025, Aramark had repurchased approximately $140 million of shares under this program.
- By February 10, 2026, the company had repurchased 4,773,392 shares for $168.56 million under the November 2024 authorization, with an additional $30 million of stock repurchased in Q1 Fiscal 2026.
Share Issuance
- Aramark's shares outstanding increased slightly from 0.263 billion in 2023 to 0.267 billion in 2025, indicating some share issuance during this period.
Outbound Investments
- Aramark's merger and acquisition strategy focuses on small to medium-sized acquisitions to enhance its Group Purchasing Organization (GPO) capabilities and expand service offerings.
- Key acquisitions in 2024 and 2025 included Entier (UK contract catering), SunDun, Tomdra (refreshment services), and Heathland Hospitality Group.
- The company divested its remaining ownership stake in the San Antonio Spurs NBA franchise in fiscal 2024.
Capital Expenditures
- Aramark's capital expenditures were $375.3 million in fiscal 2021, $364.8 million in 2022, $432.2 million in 2023, $403.5 million in 2024, and $466.6 million in 2025.
- The company's capital allocation priorities include investing in the business to drive and propel growth.
- Expected capital expenditures for fiscal year 2026 are projected to be $544.3 million.
Latest Trefis Analyses
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| 03312020 | ARMK | Aramark | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 33.5% | 92.1% | -14.9% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 41.05 |
| Mkt Cap | 6.8 |
| Rev LTM | 12,931 |
| Op Inc LTM | 559 |
| FCF LTM | 281 |
| FCF 3Y Avg | 218 |
| CFO LTM | 564 |
| CFO 3Y Avg | 472 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.1% |
| Rev Chg 3Y Avg | 7.8% |
| Rev Chg Q | 6.4% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Mgn LTM | 3.9% |
| Op Mgn 3Y Avg | 3.9% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 6.1% |
| CFO/Rev 3Y Avg | 3.9% |
| FCF/Rev LTM | 5.3% |
| FCF/Rev 3Y Avg | 3.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.8 |
| P/S | 0.7 |
| P/EBIT | 17.0 |
| P/E | 25.7 |
| P/CFO | 12.5 |
| Total Yield | 4.1% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 6.1% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.5% |
| 3M Rtn | 5.7% |
| 6M Rtn | 15.3% |
| 12M Rtn | 65.7% |
| 3Y Rtn | 51.1% |
| 1M Excs Rtn | 1.9% |
| 3M Excs Rtn | 7.9% |
| 6M Excs Rtn | 12.7% |
| 12M Excs Rtn | 35.6% |
| 3Y Excs Rtn | -4.5% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Food and Support Services (FSS) United States | 12,577 | 11,721 | 10,031 | 6,809 | 7,367 |
| Food and Support Services (FSS) International | 4,824 | 4,362 | 3,656 | 2,866 | 2,946 |
| Uniform | 2,639 | 2,420 | 2,517 | ||
| Total | 17,401 | 16,083 | 16,327 | 12,096 | 12,830 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Food and Support Services (FSS) United States | 774 | 650 | 449 | 132 | 5 |
| Food and Support Services (FSS) International | 219 | 114 | 112 | 58 | -344 |
| Gains, losses and settlements impacting comparability | -19 | ||||
| Severance and other charges | -20 | ||||
| Amortization of acquisition-related intangible assets | -107 | ||||
| Unallocated corporate expenses | -141 | ||||
| Corporate | -139 | -151 | -119 | -98 | |
| Uniform | 218 | 121 | 172 | ||
| Total | 706 | 625 | 628 | 191 | -265 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Food and Support Services (FSS) United States | 9,903 | 9,652 | 9,640 | 8,906 | 8,172 |
| Food and Support Services (FSS) International | 2,586 | 2,251 | 1,989 | 2,028 | 1,963 |
| Corporate | 185 | 1,843 | 226 | 242 | 2,418 |
| Discontinued Operations | 3,125 | ||||
| Uniform | 3,227 | 3,201 | 3,160 | ||
| Total | 12,674 | 16,871 | 15,082 | 14,376 | 15,713 |
Price Behavior
Price Behavior
| Market Price | $42.86 | |
| Market Cap ($ Bil) | 11.3 | |
| First Trading Date | 12/12/2013 | |
| Distance from 52W High | -2.1% | |
| 50 Days | 200 Days | |
| DMA Price | $40.41 | $39.39 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 6.1% | 8.8% |
| 3M | 1YR | |
| Volatility | 29.2% | 25.9% |
| Downside Capture | 0.10 | 0.24 |
| Upside Capture | 102.92 | 66.53 |
| Correlation (SPY) | 45.4% | 36.0% |
ARMK Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.17 | 1.11 | 1.14 | 0.74 | 0.89 | 0.86 |
| Up Beta | 2.45 | 0.61 | 1.16 | 0.61 | 1.01 | 0.91 |
| Down Beta | 0.48 | 2.30 | 1.85 | 1.23 | 0.99 | 0.94 |
| Up Capture | 182% | 125% | 123% | 62% | 63% | 56% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 10 | 22 | 30 | 62 | 131 | 382 |
| Down Capture | 105% | 43% | 49% | 52% | 73% | 91% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 12 | 18 | 31 | 61 | 118 | 360 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ARMK | |
|---|---|---|---|---|
| ARMK | 42.9% | 28.6% | 1.24 | - |
| Sector ETF (XLY) | 28.9% | 22.5% | 1.05 | 50.7% |
| Equity (SPY) | 31.2% | 17.3% | 1.47 | 52.0% |
| Gold (GLD) | 60.1% | 27.8% | 1.69 | 6.8% |
| Commodities (DBC) | 29.8% | 16.6% | 1.58 | 14.8% |
| Real Estate (VNQ) | 21.3% | 15.2% | 1.07 | 43.1% |
| Bitcoin (BTCUSD) | -5.7% | 43.7% | -0.01 | 21.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ARMK | |
|---|---|---|---|---|
| ARMK | 10.3% | 28.7% | 0.36 | - |
| Sector ETF (XLY) | 6.3% | 23.7% | 0.23 | 54.0% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 57.6% |
| Gold (GLD) | 22.1% | 17.8% | 1.02 | 8.1% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 13.0% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 47.4% |
| Bitcoin (BTCUSD) | 4.0% | 56.5% | 0.29 | 23.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ARMK | |
|---|---|---|---|---|
| ARMK | 7.2% | 36.5% | 0.29 | - |
| Sector ETF (XLY) | 12.2% | 22.0% | 0.51 | 52.0% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 53.0% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 0.5% |
| Commodities (DBC) | 8.6% | 17.6% | 0.41 | 20.5% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.22 | 51.3% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.07 | 14.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/10/2026 | 5.6% | 1.5% | 2.8% |
| 11/17/2025 | -5.2% | -0.5% | -0.4% |
| 8/5/2025 | -8.2% | -9.0% | -9.4% |
| 5/6/2025 | 10.1% | 13.6% | 18.2% |
| 2/4/2025 | -2.1% | -2.0% | -6.5% |
| 11/12/2024 | -1.7% | -3.7% | 5.6% |
| 8/6/2024 | 0.5% | 5.9% | 9.5% |
| 5/7/2024 | -2.8% | 5.6% | 1.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 14 | 14 |
| # Negative | 12 | 10 | 10 |
| Median Positive | 4.4% | 5.5% | 8.1% |
| Median Negative | -2.4% | -2.2% | -4.4% |
| Max Positive | 12.8% | 30.3% | 33.3% |
| Max Negative | -8.2% | -11.0% | -14.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/10/2026 | 10-Q |
| 09/30/2025 | 11/25/2025 | 10-K |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/04/2025 | 10-Q |
| 09/30/2024 | 11/19/2024 | 10-K |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-Q |
| 09/30/2023 | 11/21/2023 | 10-K |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-Q |
| 09/30/2022 | 11/22/2022 | 10-K |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 2/10/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 19.55 Bil | 19.75 Bil | 19.95 Bil | 0 | Affirmed | Guidance: 19.75 Bil for 2026 | |
| 2026 Revenue Growth | 7.0% | 8.0% | 9.0% | 0 | 0 | Affirmed | Guidance: 8.0% for 2026 |
| 2026 Operating Income | 1.10 Bil | 1.12 Bil | 1.15 Bil | 0 | Affirmed | Guidance: 1.12 Bil for 2026 | |
| 2026 Operating Margin | 12.0% | 14.5% | 17.0% | 0 | 0 | Affirmed | Guidance: 14.5% for 2026 |
| 2026 EPS | 2.18 | 2.23 | 2.28 | 0 | Affirmed | Guidance: 2.23 for 2026 | |
| 2026 EPS Growth | 20.0% | 22.5% | 25.0% | 0 | 0 | Affirmed | Guidance: 22.5% for 2026 |
Prior: Q4 2025 Earnings Reported 11/17/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 19.55 Bil | 19.75 Bil | 19.95 Bil | ||||
| 2026 Adjusted Operating Income | 1.10 Bil | 1.12 Bil | 1.15 Bil | ||||
| 2026 Adjusted EPS | 2.18 | 2.23 | 2.28 | ||||
| 2026 Revenue Growth | 7.0% | 8.0% | 9.0% | -5.9% | -0.5% | Lowered | Actual: 8.5% for 2025 |
| 2026 Adjusted Operating Income Growth | 12.0% | 14.5% | 17.0% | -12.1% | -2.0% | Lowered | Actual: 16.5% for 2025 |
| 2026 Adjusted EPS Growth | 20.0% | 22.5% | 25.0% | -11.8% | -3.0% | Lowered | Actual: 25.5% for 2025 |
| 2026 Net New Business | 0.04 | 0.04 | 0.05 | -10.0% | -0.5% | Lowered | Actual: 0.05 for 2025 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Zillmer, John J | Chief Executive Officer | Direct | Buy | 8072025 | 39.07 | 6,387 | 249,569 | 32,503,245 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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