The Chefs Warehouse Inc (CHEF) - Net Assets
Based on the latest financial reports, The Chefs Warehouse Inc (CHEF) has net assets worth $608.63 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.99 Billion) and total liabilities ($1.38 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of The Chefs Warehouse Inc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $608.63 Million |
| % of Total Assets | 30.59% |
| Annual Growth Rate | 34.4% |
| 5-Year Change | 72.56% |
| 10-Year Change | 211.89% |
| Growth Volatility | 267.59 |
The Chefs Warehouse Inc - Net Assets Trend (2009–2025)
This chart illustrates how The Chefs Warehouse Inc's net assets have evolved over time, based on quarterly financial data. See CHEF defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for The Chefs Warehouse Inc (2009–2025)
The table below shows the annual net assets of The Chefs Warehouse Inc from 2009 to 2025. For live valuation and market cap data, see The Chefs Warehouse Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $604.31 Million | +12.40% |
| 2024-12-31 | $537.65 Million | +18.25% |
| 2023-12-31 | $454.67 Million | +13.24% |
| 2022-12-31 | $401.51 Million | +14.65% |
| 2021-12-31 | $350.21 Million | +1.63% |
| 2020-12-31 | $344.59 Million | +2.58% |
| 2019-12-31 | $335.93 Million | +8.83% |
| 2018-12-31 | $308.68 Million | +24.17% |
| 2017-12-31 | $248.60 Million | +28.30% |
| 2016-12-31 | $193.76 Million | +3.08% |
| 2015-12-31 | $187.96 Million | +28.05% |
| 2014-12-31 | $146.79 Million | +11.15% |
| 2013-12-31 | $132.06 Million | +236.20% |
| 2012-12-31 | $39.28 Million | +66.66% |
| 2011-12-31 | $23.57 Million | +148.29% |
| 2010-12-31 | $-48.81 Million | -1015.11% |
| 2009-12-31 | $5.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Chefs Warehouse Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 20164500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $201.65 Million | 33.37% |
| Common Stock | $407.00K | 0.07% |
| Other Comprehensive Income | $-2.76 Million | -0.46% |
| Other Components | $405.02 Million | 67.02% |
| Total Equity | $604.31 Million | 100.00% |
The Chefs Warehouse Inc Competitors by Market Cap
The table below lists competitors of The Chefs Warehouse Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Yangnong Chemical Co Ltd
SHG:600486
|
$3.29 Billion |
|
Xiamen Changelight
SHE:300102
|
$3.29 Billion |
|
Liechtensteinische Landesbank Aktiengesellschaft
STU:LLS1
|
$3.29 Billion |
|
Camurus AB
ST:CAMX
|
$3.29 Billion |
|
Guangdong Dongfang Precision Science & Technology Co Ltd
SHE:002611
|
$3.29 Billion |
|
WNS Holdings Ltd
NYSE:WNS
|
$3.29 Billion |
|
Lifestance Health Group Inc
NASDAQ:LFST
|
$3.29 Billion |
|
Ardentec
TWO:3264
|
$3.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Chefs Warehouse Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 537,646,000 to 604,309,000, a change of 66,663,000 (12.4%).
- Net income of 72,361,000 contributed positively to equity growth.
- Share repurchases of 15,004,000 reduced equity.
- Other comprehensive income increased equity by 1,044,000.
- Other factors increased equity by 8,262,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $72.36 Million | +11.97% |
| Share Repurchases | $15.00 Million | -2.48% |
| Other Comprehensive Income | $1.04 Million | +0.17% |
| Other Changes | $8.26 Million | +1.37% |
| Total Change | $- | 12.40% |
Book Value vs Market Value Analysis
This analysis compares The Chefs Warehouse Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.10x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 420.56x to 7.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $0.22 | $93.14 | x |
| 2010-12-31 | $-2.29 | $93.14 | x |
| 2011-12-31 | $1.31 | $93.14 | x |
| 2012-12-31 | $1.88 | $93.14 | x |
| 2013-12-31 | $6.00 | $93.14 | x |
| 2014-12-31 | $5.91 | $93.14 | x |
| 2015-12-31 | $7.09 | $93.14 | x |
| 2016-12-31 | $7.44 | $93.14 | x |
| 2017-12-31 | $9.06 | $93.14 | x |
| 2018-12-31 | $10.40 | $93.14 | x |
| 2019-12-31 | $11.17 | $93.14 | x |
| 2020-12-31 | $10.22 | $93.14 | x |
| 2021-12-31 | $9.53 | $93.14 | x |
| 2022-12-31 | $10.36 | $93.14 | x |
| 2023-12-31 | $9.96 | $93.14 | x |
| 2024-12-31 | $11.69 | $93.14 | x |
| 2025-12-31 | $13.12 | $93.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Chefs Warehouse Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.97%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.74%
- • Asset Turnover: 2.05x
- • Equity Multiplier: 3.36x
- Recent ROE (11.97%) is below the historical average (17.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 168.00% | 3.31% | 4.11x | 12.36x | $8.43 Million |
| 2010 | 0.00% | 4.81% | 3.99x | 0.00x | $20.76 Million |
| 2011 | 32.66% | 1.92% | 3.71x | 4.58x | $5.34 Million |
| 2012 | 36.94% | 3.02% | 2.29x | 5.35x | $10.58 Million |
| 2013 | 12.86% | 2.52% | 1.90x | 2.69x | $3.78 Million |
| 2014 | 9.68% | 1.70% | 2.22x | 2.56x | $-464.40K |
| 2015 | 8.62% | 1.53% | 1.81x | 3.12x | $-2.59 Million |
| 2016 | 1.56% | 0.25% | 1.88x | 3.27x | $-16.35 Million |
| 2017 | 5.78% | 1.10% | 1.89x | 2.77x | $-10.49 Million |
| 2018 | 6.61% | 1.41% | 1.97x | 2.37x | $-10.47 Million |
| 2019 | 7.20% | 1.52% | 1.57x | 3.02x | $-9.40 Million |
| 2020 | -24.06% | -7.46% | 1.14x | 2.83x | $-117.36 Million |
| 2021 | -1.41% | -0.28% | 1.63x | 3.07x | $-39.94 Million |
| 2022 | 6.91% | 1.06% | 1.74x | 3.75x | $-12.40 Million |
| 2023 | 7.61% | 1.01% | 2.01x | 3.75x | $-10.88 Million |
| 2024 | 10.32% | 1.46% | 2.04x | 3.46x | $1.71 Million |
| 2025 | 11.97% | 1.74% | 2.05x | 3.36x | $11.93 Million |
Industry Comparison
This section compares The Chefs Warehouse Inc's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $915,636,268
- Average return on equity (ROE) among peers: 12.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Chefs Warehouse Inc (CHEF) | $608.63 Million | 168.00% | 2.27x | $3.29 Billion |
| The Andersons Inc (ANDE) | $67.80 Million | 15.04% | 5.76x | $2.36 Billion |
| Mission Produce Inc (AVO) | $379.03 Million | 18.92% | 0.82x | $983.00 Million |
| Calavo Growers Inc (CVGW) | $211.56 Million | 0.05% | 0.49x | $466.33 Million |
| AMCON Distributing Company (DIT) | $113.07 Million | 0.50% | 2.46x | $81.26 Million |
| Hf Foods Group Inc (HFFG) | $287.98 Million | -0.75% | 1.07x | $97.33 Million |
| Mannatech Incorporated (MTEX) | $31.38 Million | 20.70% | 1.15x | $10.32 Million |
| Performance Food Group Co (PFGC) | $3.75 Billion | 10.60% | 2.34x | $14.78 Billion |
| SpartanNash Co (SPTN) | $126.01 Million | 13.65% | 3.53x | $910.90 Million |
| Sysco Corporation (SYY) | $3.28 Billion | 30.54% | 1.90x | $38.05 Billion |
About The Chefs Warehouse Inc
The Chefs' Warehouse, Inc., together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. It offers specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products and center-of-the-plate products that includes custom cut beef, seafoo… Read more