SYY · 10-K · 2026A · Full report
Free Cash Flow and Capex
SYSCO CORP · 2026-08-21 · Importance 42 · Surprise 40
Fiscal 2026 operating cash flow was $2.638 billion, up 5.1% from $2.510 billion in fiscal 2025. Free cash flow increased 16.3% to $2.114 billion from $1.818 billion, reflecting higher operating cash flow and lower capital expenditures, partly offset by reduced proceeds from plant and equipment sales. Net capital expenditures were $524 million, down $168 million from $692 million, and fiscal 2027 capital expenditures are expected to be approximately $720 million. Fiscal 2026 cash acquisition spending was $189 million, primarily for Fairfax Meadow and Ginsberg’s Foods, versus $40 million for Campbells Prime Meat in fiscal 2025.
Key facts
- Sysco's free cash flow was $2,114 million in fiscal 2026, compared with $1,818 million in fiscal 2025, an increase of 16.3%. source
- Sysco's fiscal 2026 operating cash flow was $2.6 billion, compared with $2.5 billion in fiscal 2025; working capital comparisons were unfavorable by $15 million, including an unfavorable $263 million accounts receivable comparison, partly offset by favorable accounts payable and inventory comparisons of $211 million and $37 million. source
- Sysco generated $2.6 billion of operating cash flow in fiscal 2026, compared with $2.5 billion in fiscal 2025. source
- Free cash flow was $2.1 billion in fiscal 2026, compared with $1.8 billion in fiscal 2025. source
- Sysco's fiscal 2026 free cash flow increased by $296 million to $2.1 billion compared with fiscal 2025, principally due to higher operating cash flow and lower capital expenditures, partly offset by lower proceeds from plant and equipment sales. source
- Net capital expenditures were $524 million in fiscal 2026, compared with $692 million in fiscal 2025. source
- Sysco's fiscal 2026 capital expenditures were $206 million lower than fiscal 2025, reflecting a disciplined capital expenditure strategy and contributing to higher free cash flow. source
- Sysco received $176 million from sales of plant and equipment in fiscal 2026, primarily from sale-leaseback transactions. source