Hey there! Ever wondered about the financial powerhouse behind many of the restaurants, schools, and hospitals we rely on for food? We're talking about Sysco, the global giant in foodservice distribution. It's a huge operation, and understanding "how much money Sysco makes a year" can be quite an interesting deep dive.
Ready to pull back the curtain and explore the financial landscape of this massive company? Let's get started!
Step 1: Understanding the Basics of Company Financials
Before we jump into Sysco's specific numbers, it's crucial to understand what we're looking for. When people ask "how much money does a company make," they could be referring to a few different things:
Revenue (or Sales): This is the total amount of money a company generates from its core operations (selling products or services) before any expenses are deducted. Think of it as the top line.
Gross Profit: This is the revenue minus the cost of goods sold (COGS). COGS are the direct costs attributable to the production of the goods sold by a company. For Sysco, this would include the cost of the food products they distribute.
Net Income (or Profit): This is the company's "bottom line" – what's left after all expenses (COGS, operating expenses, taxes, interest, etc.) have been deducted from revenue. This is often what people truly mean when they ask about "how much money a company makes."
Knowing the difference is key to interpreting financial figures correctly.
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| How Much Money Does Sysco Make A Year |
Step 2: Locating Sysco's Official Financial Reports
QuickTip: Keep a notepad handy.
So, where do we find these numbers? For publicly traded companies like Sysco (which trades on the New York Stock Exchange under the ticker SYY), the information is readily available to the public. They are legally required to disclose their financial performance.
Sub-heading: The Power of Investor Relations Websites
The best starting point is usually the company's investor relations section on their official website. Sysco is no different!
Navigate to Sysco's Website: Open your web browser and go to Sysco's official website.
Find "Investor Relations" or "Investors": Look for a link typically found in the footer or the main navigation menu. It might be labeled "Investor Relations," "Investors," or "About Us" with a sub-section for investors. For Sysco, it's generally found at investors.sysco.com.
Explore Financial Documents: Once on the investor relations page, you'll typically find sections for:
Annual Reports & SEC Filings: This is your goldmine. Look for documents like the 10-K (annual report filed with the SEC) and 10-Q (quarterly report). These provide comprehensive financial statements.
Earnings Reports & Financials: These are often press releases or presentations that summarize the key financial highlights for a given quarter or fiscal year.
News Releases: Important financial announcements are usually made here.
Sub-heading: Utilizing SEC Filings Databases
Another reliable source, which pulls directly from the official filings, is the U.S. Securities and Exchange Commission (SEC) EDGAR database.
Tip: Don’t overthink — just keep reading.
Go to the SEC EDGAR Database: Search for "SEC EDGAR" or go directly to sec.gov/edgar.
Search for Sysco: Use the "Company Filings" search and type in "Sysco Corporation" or its ticker symbol "SYY".
Filter by Document Type: Filter your search results for "10-K" (annual report) for the most comprehensive yearly data.
Step 3: Extracting the Key Financial Figures
Now that we know where to look, let's get down to the numbers! Sysco's fiscal year typically ends around the last Saturday in June. So, when we talk about "fiscal year 2024," we are referring to the period ending around June 2024.
Sub-heading: Sysco's Fiscal Year 2024 Performance
Based on the latest available information (as of July 2025), Sysco has reported its financial results for fiscal year 2024.
Annual Revenue (Sales) for Fiscal Year 2024: Sysco's annual revenue for fiscal year 2024 was approximately $78.84 billion. This represents a 3.30% increase from fiscal year 2023's revenue of $76.33 billion. This is the total money they brought in from selling food and related products.
Annual Gross Profit for Fiscal Year 2024: Sysco's annual gross profit for fiscal year 2024 was $14.608 billion. This was a 4.68% increase from 2023. This shows how much money was left after accounting for the direct cost of the products they sold.
It's important to note that publicly available sources generally provide "gross profit" rather than "net income" directly in quick summaries for the most recent fiscal year. To get the precise "net income," you'd typically need to dive into their full 10-K report.
QuickTip: Don’t just consume — reflect.
Sub-heading: A Look Back at Fiscal Year 2023
To provide some context and show growth, let's also look at the previous fiscal year's performance:
Annual Revenue (Sales) for Fiscal Year 2023: Sysco reported sales of $76.3 billion for fiscal year 2023. This was an 11.2% increase compared to fiscal year 2022.
Annual Net Income (Profit) for Fiscal Year 2023: Sysco's annual net income for fiscal year 2023 was approximately $1.77 billion. This was a significant 30.24% increase from 2022, indicating a strong year for profitability.
Gross Profit for Fiscal Year 2023: Sysco's gross profit for fiscal year 2023 was $13.955 billion, a 13.27% increase from 2022.
As you can see, the revenue figures are much larger than the net income. This is because net income accounts for all the operating costs, administrative expenses, taxes, and interest Sysco incurs to run its vast business.
Step 4: Interpreting the Numbers: What Does it Mean?
Sysco's financial figures demonstrate its enormous scale and its position as a dominant player in the foodservice distribution industry.
Tip: Revisit challenging parts.
Massive Scale: With tens of billions in annual revenue, Sysco operates on a truly global scale, serving hundreds of thousands of customers across various sectors. This large revenue base indicates a consistent and high demand for their products and services.
Growth and Market Leadership: The year-over-year increases in both revenue and profit (especially the substantial net income growth in FY2023) highlight Sysco's ability to grow its business and maintain its market leadership. Factors contributing to this could include strategic acquisitions, efficient operations, and effective supply chain management.
Profitability: While not as large as their revenue, the billions in gross and net profit demonstrate that Sysco is a very profitable enterprise. This profit allows them to reinvest in their business, innovate, and return value to shareholders.
Understanding these numbers isn't just about the raw figures; it's about what they represent in terms of the company's health, its impact on the economy, and its strategic direction.
Step 5: Where to Track Future Performance
Companies like Sysco continually release updated financial information. If you want to stay on top of their performance:
Subscribe to Email Alerts: On Sysco's investor relations page, you can often sign up for email alerts to receive notifications about new SEC filings and news releases.
Attend Earnings Calls: Publicly traded companies often hold earnings calls where their executives discuss financial results and answer questions from analysts. Transcripts and webcasts of these calls are usually available on their investor relations website. Sysco, for example, is scheduled to announce its Q4 and FY 2025 results on July 29, 2025.
Financial News Outlets: Reputable financial news sources (e.g., Bloomberg, Reuters, The Wall Street Journal, or even general news sites that cover business) will report on major company earnings.
Related FAQ Questions
Here are 10 common "How to" questions related to understanding company financials, with quick answers:
How to find a company's annual revenue?
Check their "Investor Relations" section on their official website, specifically their annual reports (10-K filings) or earnings releases. Financial news websites also compile this data.
How to differentiate between revenue and profit?
Revenue is the total money earned from sales before any deductions. Profit (net income) is what's left after all expenses (cost of goods, operating costs, taxes, interest) have been subtracted from revenue.
How to access SEC filings like 10-K and 10-Q?
Go to the SEC EDGAR database (sec.gov/edgar) and search for the company by name or ticker symbol.
How to understand if a company's financial performance is good?
Compare current figures to previous periods (year-over-year growth), compare to industry averages, and look at trends in key metrics like revenue growth, profit margins, and earnings per share.
How to find a company's gross profit?
Gross profit is usually listed in the company's income statement, which is part of their 10-K or 10-Q filings. Many financial data websites also provide this.
How to know if a company is publicly traded?
Check if it has a stock ticker symbol (like SYY for Sysco) and if it's listed on a stock exchange (like the NYSE or Nasdaq).
How to subscribe to a company's financial news alerts?
Visit the "Investor Relations" section of their website and look for an "Email Alerts" or "Subscribe" option.
How to find historical financial data for a company?
SEC filings on EDGAR allow you to access filings from previous years. Financial data websites (like Macrotrends, Yahoo Finance, Google Finance) also offer historical data.
How to calculate basic profitability ratios?
Gross Profit Margin: (Gross Profit / Revenue) x 100. Net Profit Margin: (Net Income / Revenue) x 100. These ratios help assess efficiency.
How to determine a company's fiscal year end?
This information is typically stated prominently in their annual reports (10-K filings) or on their investor relations page. For Sysco, it's typically around the last Saturday in June.
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