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Arphra AIPlain-English read on Aramark’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $12.1B | $13.69B | $16.08B | $17.4B | $18.51B | $19.97B | $21.37B | $22.65B | $25.39B |
| Cost of revenue | $11.01B | $12.62B | $14.77B | $15.98B | $17.44B | $18.47B | $19.64B | $20.62B | $23.48B |
| Gross profit | $1.09B | $1.07B | $1.31B | $1.43B | $1.07B | $1.51B | $1.58B | $1.71B | $1.89B |
| Gross margin | +9.00% | +7.83% | +8.14% | +8.19% | +5.78% | +7.57% | +7.38% | +7.54% | +7.46% |
| Operating | |||||||||
| Research & development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, general & administrative | $346.75M | $258.36M | $273.66M | $283.63M | $278.44M | $330.02M | $336.98M | $373.76M | $404.36M |
| Total operating expenses | $897.44M | $656.33M | $683.52M | $719.17M | $278.44M | $672.45M | $687.08M | $753.15M | $827.3M |
| Operating income | $191.44M | $415.39M | $625.03M | $706.51M | $791.85M | $834.57M | $867.58M | $931.81M | $1.05B |
| Operating margin | +1.58% | +3.03% | +3.89% | +4.06% | +4.28% | +4.18% | +4.06% | +4.11% | +4.15% |
| EBITDA | $831.55M | $830.05M | $1.44B | $1.19B | $1.25B | $1.46B | $1.64B | $1.65B | $1.86B |
| EBIT | $280.86M | $432.07M | $1.03B | $754.06M | $772.38M | $1.01B | $1.04B | $1.13B | $1.23B |
| Below the line | |||||||||
| Interest expense | $413.71M | $384.86M | $467.29M | $389.19M | $364.38M | $469.7M | $502.85M | $536.58M | $593.24M |
| Interest income | $15.25M | $16.68M | $29.81M | $22.48M | $22.45M | $28.71M | $31.01M | $33.51M | $35.94M |
| Other income / expense | -$324.3M | -$368.18M | -$61.5M | -$341.65M | -$361.39M | — | — | — | — |
| Pre-tax income | -$132.85M | $47.21M | $563.52M | $364.87M | $430.46M | $515.34M | $561.27M | $598.81M | $687.65M |
| Income tax expense | -$40.63M | $8.43M | $116.43M | $102.97M | $103.59M | $124.67M | $140.96M | $142.07M | $165.15M |
| Earnings | |||||||||
| Net income | -$90.83M | $194.48M | $674.11M | $262.52M | $326.39M | $507.36M | $535.45M | $577.35M | $642.44M |
| Net income · continuing ops | -$92.22M | $38.78M | $447.1M | $261.89M | $326.87M | $411.85M | $420.72M | $469.26M | $523.02M |
| Net margin | -0.75% | +1.42% | +4.19% | +1.51% | +1.76% | +2.54% | +2.51% | +2.55% | +2.53% |
| EPS · basic | $-0.36 | $0.76 | $2.59 | $1.00 | $1.24 | $2.27 | $2.74 | $3.10 | $3.97 |
| EPS · diluted | $-0.36 | $0.75 | $2.57 | $0.99 | $1.22 | $2.25 | $2.69 | $3.10 | $3.89 |
| EPS · low estimate | — | — | — | — | — | $2.20 | $2.57 | $2.71 | $3.83 |
| EPS · high estimate | — | — | — | — | — | $2.28 | $2.82 | $3.54 | $3.96 |
| Shares · basic | 254.75M | 257.31M | 260.59M | 263.05M | 263.86M | 263.58M | 263.13M | 265.89M | 264.62M |
| Shares · diluted | 254.75M | 259.07M | 262.59M | 266.2M | 267.35M | 268.85M | 268.22M | 267.61M | 266.33M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 12 | 12 | 10 | 5 |
| Analysts (EPS) | — | — | — | — | — | 10 | 10 | 7 | 4 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
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