Cash flow Sodexo

Stocks

SW

FR0000121220

Restaurants & Bars

Market Closed - Euronext Paris Other stock markets 16:55:00 17/07/2026 BST			5-day change	1st Jan Change
54.45 ^EUR	+1.11%		+2.83%	+24.60%

07-17	AlphaValue/Baader Europe Upgrades Sodexo to Reduce, Boosts PT	MT
07-16	Sodexo S.A. - Special Call

9e306ec99.iMaZ2555_iNo3bFRlUM7s5jWHN-xDbIf9ZmvD1sZKP4.0f6gjtQKqWoKqvBg3A1qybW4ZOaHXPhYn__wPDF1S5_vi_-O1i-7TiqIiQ

Published financial data: SODEXO

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: August	2021	2022	2023	2024	2025
Revenues	17.43B	21.12B	22.64B	23.8B	24.07B
Total Revenues	17.43B	21.12B	22.64B	23.8B	24.07B
Cost of Goods Sold, Total	15.01B	18.09B	19.92B	20.95B	21.24B
Gross Profit	2.42B	3.04B	2.72B	2.84B	2.83B
Selling General & Admin Expenses, Total	1.85B	1.99B	1.75B	1.74B	1.7B
Other Operating Expenses	33M	46M	77M	79M	54M
Other Operating Expenses, Total	1.88B	2.03B	1.83B	1.82B	1.76B
Operating Income	537M	1B	892M	1.02B	1.08B
Interest Expense, Total	-109M	-108M	-159M	-160M	-151M
Interest And Investment Income	10M	20M	83M	82M	65M
Net Interest Expenses	-99M	-88M	-76M	-78M	-86M
Income (Loss) On Equity Invest.	8M	8M	12M	13M	12M
Currency Exchange Gains (Loss)	-2M	3M	-7M	-1M	-2M
Other Non Operating Income (Expenses)	0	0	-20M	18M	4M
EBT, Excl. Unusual Items	444M	927M	801M	975M	1B
Restructuring Charges	-153M	-10M	-45M	-65M	-97M
Merger & Related Restructuring Charges	-5M	-3M	-	-3M	-5M
Impairment of Goodwill	-8M	-	-	-	-
Gain (Loss) On Sale Of Assets	10M	0	-	-1M	-1M
Asset Writedown	-19M	-1M	-	-	-
Legal Settlements	-	33.5M	-	-	-
Other Unusual Items	-31M	21.5M	-7M	90M	3M
EBT, Incl. Unusual Items	238M	968M	749M	996M	904M
Income Tax Expense	101M	264M	181M	249M	198M
Earnings From Continuing Operations	137M	704M	568M	747M	706M
Earnings Of Discontinued Operations	-	-	234M	-570M	-
Net Income to Company	137M	704M	802M	177M	706M
Minority Interest	2M	-9M	-8M	-9M	-11M
Net Income - (IS)	139M	695M	794M	168M	695M
Net Income to Common Incl Extra Items	139M	695M	794M	168M	695M
Net Income to Common Excl. Extra Items	139M	695M	560M	738M	695M
Per Share Items
Net EPS - Basic	0.95	4.75	5.43	1.15	4.76
Basic EPS - Continuing Operations	0.95	4.75	3.83	5.04	4.76
Basic Weighted Average Shares Outstanding	146M	146M	146M	146M	146M
Net EPS - Diluted	0.94	4.69	5.38	1.13	4.71
Diluted EPS - Continuing Operations	0.94	4.69	3.8	4.98	4.71
Diluted Weighted Average Shares Outstanding	148M	148M	148M	148M	148M
Normalized Basic EPS	1.91	3.9	3.37	4.1	4.22
Normalized Diluted EPS	1.89	3.85	3.34	4.05	4.18
Dividend Per Share	1.2	2.4	3.1	2.65	2.7
Payout Ratio	-	42.3	44.33	817.26	55.83
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	854M	1.32B	1.18B	1.31B	1.37B
EBITA	668M	1.15B	987M	1.13B	1.18B
EBIT	537M	1B	892M	1.02B	1.08B
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	42.44	27.27	24.17	25	21.9
Total Current Taxes	114M	220M	161M	259M	169M
Total Deferred Taxes	-14M	45M	20M	-10M	29M
Normalized Net Income	280M	570M	493M	600M	616M
Interest on Long-Term Debt	20M	17M	19M	23M	26M
Non-Cash Pension Expense	1M	-4M	-1M	2M	4M
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	33M	38M	45M	37M	33M
Total Stock-Based Compensation	33M	38M	45M	37M	33M

Fiscal Period: August	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.54B	3.22B	2.02B	2.14B	2.09B
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	3.54B	3.22B	2.02B	2.14B	2.09B
Accounts Receivable, Total	3.71B	4.29B	3B	3.14B	3.13B
Other Receivables	527M	694M	422M	512M	568M
Notes Receivable	39M	54M	69M	60M	45M
Total Receivables	4.27B	5.04B	3.49B	3.72B	3.74B
Inventory	256M	352M	324M	322M	304M
Prepaid Expenses	182M	226M	211M	178M	173M
Restricted Cash	773M	960M	-	-	-
Other Current Assets, Total	608M	330M	5.34B	43M	15M
Total Current Assets	9.63B	10.14B	11.39B	6.4B	6.32B
Gross Property Plant And Equipment	3.32B	3.6B	3.42B	3.41B	3.4B
Accumulated Depreciation	-1.96B	-2.2B	-2.12B	-2.19B	-2.22B
Net Property Plant And Equipment	1.36B	1.4B	1.3B	1.22B	1.19B
Long-term Investments	705M	936M	991M	269M	269M
Goodwill	5.81B	6.61B	5.57B	5.56B	5.4B
Other Intangibles, Total	631M	678M	448M	436M	507M
Loans Receivable Long-Term	75M	83M	78M	84M	101M
Deferred Tax Assets Long-Term	165M	154M	192M	199M	154M
Other Long-Term Assets, Total	608M	918M	832M	850M	902M
Total Assets	18.99B	20.92B	20.79B	15.02B	14.85B
Liabilities
Accounts Payable, Total	2.18B	2.71B	2.5B	2.61B	2.62B
Accrued Expenses, Total	1.61B	1.77B	1.46B	1.42B	1.45B
Short-term Borrowings	7M	8M	-	3M	1M
Current Portion of Long-Term Debt	635M	35M	537M	725M	819M
Current Portion of Leases	176M	184M	148M	147M	155M
Current Income Taxes Payable	188M	207M	177M	325M	135M
Unearned Revenue Current, Total	502M	572M	484M	489M	478M
Other Current Liabilities	3.56B	3.79B	4.5B	196M	183M
Total Current Liabilities	8.85B	9.27B	9.8B	5.92B	5.84B
Long-Term Debt	5.45B	5.71B	5.06B	4.01B	3.96B
Long-Term Leases	763M	759M	683M	581M	509M
Pension & Other Post Retirement Benefits	357M	282M	265M	274M	259M
Deferred Tax Liability Non Current	101M	161M	152M	149M	131M
Other Non Current Liabilities	289M	312M	284M	289M	351M
Total Liabilities	15.82B	16.5B	16.24B	11.23B	11.05B
Common Stock, Total	590M	590M	590M	590M	590M
Additional Paid In Capital	248M	248M	248M	248M	248M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	2.33B	3.58B	3.7B	2.94B	2.95B
Total Common Equity	3.17B	4.42B	4.54B	3.78B	3.79B
Minority Interest	7M	10M	12M	16M	13M
Total Equity	3.18B	4.42B	4.55B	3.8B	3.8B
Total Liabilities And Equity	18.99B	20.92B	20.79B	15.02B	14.85B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	146M	147M	146M	146M	146M
ECS Total Common Shares Outstanding	146M	147M	146M	146M	146M
Book Value / Share	21.66	30.11	31.03	25.83	25.94
Tangible Book Value	-3.27B	-2.87B	-1.47B	-2.22B	-2.12B
Tangible Book Value Per Share	-22.38	-19.6	-10.07	-15.15	-14.56
Total Debt	7.03B	6.7B	6.42B	5.47B	5.45B
Net Debt	3.5B	3.47B	4.4B	3.33B	3.36B
Debt Equivalent of Unfunded Proj. Benefit Obligation	160M	-19M	71M	100M	95M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	7M	10M	12M	16M	13M
Equity Method Investments, Total	63M	73M	66M	71M	71M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	73M	75M	68M	71M	78M
Machinery, Total	1.73B	1.85B	1.74B	1.75B	1.76B
Full Time Employees	301K	309K	315K	317K	314K
Part Time Employees	111K	113K	115K	106K	112K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	158M	160M	107M	115M	109M

Fiscal Period: August	2021	2022	2023	2024	2025
Net Income	139M	695M	794M	168M	695M
Depreciation & Amortization - CF	438M	379M	368M	361M	385M
Amortization of Goodwill and Intangible Assets - (CF)	131M	144M	95M	108M	106M
Depreciation & Amortization, Total	569M	523M	463M	469M	491M
(Gain) Loss From Sale Of Asset	27M	-48M	11M	-83M	-10M
Asset Writedown & Restructuring Costs	32M	0	-5M	1M	-1M
Net Cash From Discontinued Operations	-	-	468M	172M	-
Other Operating Activities, Total	0	73M	-133M	636M	-142M
Change In Accounts Receivable	-263M	-563M	-204M	-213M	-249M
Change In Inventories	-	-68M	-11M	-2M	9M
Change In Accounts Payable	449M	390M	-7M	172M	171M
Change in Other Net Operating Assets	29M	33M	-	-	-
Cash from Operations	982M	1.04B	1.38B	1.32B	964M
Capital Expenditure	-296M	-345M	-338M	-358M	-333M
Sale of Property, Plant, and Equipment	72M	17M	33M	35M	16M
Cash Acquisitions	-62M	-64M	-21M	-92M	-104M
Divestitures	-11M	77M	-	1.07B	11M
Sale (Purchase) of Intangible assets	13M	-13M	-43M	-	-
Investment in Marketable and Equity Securities, Total	-19M	-58M	-36M	35M	20M
Other Investing Activities, Total	-	-	-121M	-1.74B	-
Cash from Investing	-303M	-386M	-526M	-1.05B	-390M
Long-Term Debt Issued, Total	1.08B	106M	544M	389M	1.84B
Total Debt Issued	1.08B	106M	544M	389M	1.84B
Long-Term Debt Repaid, Total	-247M	-895M	-734M	-1.38B	-1.87B
Total Debt Repaid	-247M	-895M	-734M	-1.38B	-1.87B
Issuance of Common Stock	-	4M	7M	-	-
Repurchase of Common Stock	-11M	-13M	-57M	-51M	-83M
Common Dividends Paid	-	-294M	-352M	-1.37B	-388M
Common & Preferred Stock Dividends Paid	-	-294M	-352M	-1.37B	-388M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-28M	-17M	-54M	1.06B	-24M
Cash from Financing	789M	-1.11B	-646M	-1.35B	-530M
Foreign Exchange Rate Adjustments	44M	145M	-191M	-17M	-88M
Miscellaneous Cash Flow Adjustments	-1M	-	-	-	-
Net Change in Cash	1.51B	-315M	13M	-1.1B	-44M
Supplemental Items
Cash Interest Paid	20M	17M	19M	23M	26M
Cash Income Tax Paid (Refund)	145M	200M	123M	179M	348M
Levered Free Cash Flow	644M	956M	-1.8B	1.72B	611M
Unlevered Free Cash Flow	712M	1.02B	-1.7B	1.82B	706M
Change In Net Working Capital	-57M	-193M	2.38B	-1.04B	158M
Net Debt Issued / Repaid	828M	-789M	-190M	-988M	-35M

Fiscal Period: August	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.85	3.14	2.67	3.57	4.5
Return on Total Capital	3.47	5.88	5.05	6.32	7.27
Return On Equity %	4.61	18.53	12.65	17.89	18.59
Return on Common Equity	4.69	18.33	12.5	17.73	18.37
Margin Analysis
Gross Profit Margin %	13.9	14.38	12.02	11.95	11.77
SG&A Margin	10.63	9.41	7.74	7.32	7.07
EBITDA Margin %	4.9	6.23	5.19	5.52	5.69
EBITA Margin %	3.83	5.43	4.36	4.75	4.91
EBIT Margin %	3.08	4.75	3.94	4.3	4.47
Income From Continuing Operations Margin %	0.79	3.33	2.51	3.14	2.93
Net Income Margin %	0.8	3.29	3.51	0.71	2.89
Net Avail. For Common Margin %	0.8	3.29	2.47	3.1	2.89
Normalized Net Income Margin	1.6	2.7	2.18	2.52	2.56
Levered Free Cash Flow Margin	3.69	4.53	-7.94	7.24	2.54
Unlevered Free Cash Flow Margin	4.08	4.84	-7.5	7.66	2.93
Asset Turnover
Asset Turnover	0.96	1.06	1.09	1.33	1.61
Fixed Assets Turnover	10.72	15.26	16.76	18.87	19.96
Receivables Turnover (Average Receivables)	4.85	5.28	6.21	7.74	7.67
Inventory Turnover (Average Inventory)	58.28	59.5	58.93	64.87	67.86
Short Term Liquidity
Current Ratio	1.09	1.09	1.16	1.08	1.08
Quick Ratio	0.88	0.89	0.56	0.98	0.99
Operating Cash Flow to Current Liabilities	0.11	0.11	0.14	0.22	0.17
Days Sales Outstanding (Average Receivables)	75.26	69.13	58.81	47.26	47.56
Days Outstanding Inventory (Average Inventory)	6.26	6.13	6.19	5.64	5.38
Average Days Payable Outstanding	49.61	49.04	47.8	44.67	45
Cash Conversion Cycle (Average Days)	31.92	26.23	17.21	8.23	7.94
Long Term Solvency
Total Debt/Equity	221.54	151.3	141.06	143.94	143.35
Total Debt / Total Capital	68.9	60.21	58.52	59.01	58.91
LT Debt/Equity	195.78	146.17	126.02	120.91	117.69
Long-Term Debt / Total Capital	60.89	58.17	52.28	49.56	48.36
Total Liabilities / Total Assets	83.28	78.85	78.1	74.72	74.42
EBIT / Interest Expense	4.93	9.3	5.61	6.39	7.13
EBITDA / Interest Expense	10.15	14.14	8.52	9.32	10.38
(EBITDA - Capex) / Interest Expense	7.43	10.94	6.4	7.09	8.17
Total Debt / EBITDA	6.36	4.38	4.74	3.66	3.48
Net Debt / EBITDA	3.16	2.27	3.25	2.23	2.14
Total Debt / (EBITDA - Capex)	8.68	5.66	6.32	4.82	4.41
Net Debt / (EBITDA - Capex)	4.31	2.94	4.33	2.94	2.72
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-9.8	21.21	11.72	5.13	1.16
Gross Profit, 1 Yr. Growth %	-2.3	25.39	10.75	4.6	-0.42
EBITDA, 1 Yr. Growth %	-8.07	54.1	17.38	12.51	4.34
EBITA, 1 Yr. Growth %	-2.91	71.86	9.79	14.59	4.51
EBIT, 1 Yr. Growth %	2.87	86.96	18.15	14.69	5.18
Earnings From Cont. Operations, 1 Yr. Growth %	-142.95	413.87	9.23	31.51	-5.49
Net Income, 1 Yr. Growth %	-144.13	400	14.24	-78.84	313.69
Normalized Net Income, 1 Yr. Growth %	11.97	104.07	17.92	21.87	2.69
Diluted EPS Before Extra, 1 Yr. Growth %	-143.5	398.94	9.51	31.05	-5.42
Accounts Receivable, 1 Yr. Growth %	6.58	15.8	-30.11	4.8	-0.51
Inventory, 1 Yr. Growth %	-1.16	37.5	-7.95	-0.62	-5.59
Net Property, Plant and Equip., 1 Yr. Growth %	-27.72	3.01	-7.69	-5.55	-3.1
Total Assets, 1 Yr. Growth %	9.44	10.16	-0.6	-27.75	-1.16
Tangible Book Value, 1 Yr. Growth %	-11.01	-12.22	-48.71	50.47	-4.19
Common Equity, 1 Yr. Growth %	14.87	39.36	2.88	-16.73	0.11
Cash From Operations, 1 Yr. Growth %	55.38	5.4	32.95	-0.98	-26.97
Capital Expenditures, 1 Yr. Growth %	-25.63	16.55	27.07	5.92	-6.98
Levered Free Cash Flow, 1 Yr. Growth %	2.47	48.56	-321.04	-197.81	-64.52
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.06	43.83	-292.82	-209.68	-61.29
Dividend Per Share, 1 Yr. Growth %	-	100	29.17	-14.52	1.89
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-10.9	4.56	13.97	8.37	3.13
Gross Profit, 2 Yr. CAGR %	-12.97	10.68	5.97	7.63	2.06
EBITDA, 2 Yr. CAGR %	-24.37	19.02	17.3	14.53	8.35
EBITA, 2 Yr. CAGR %	-27.7	29.17	21.55	12.16	9.43
EBIT, 2 Yr. CAGR %	-31.73	38.69	28.88	16.4	9.83
Earnings From Cont. Operations, 2 Yr. CAGR %	-55.31	48.56	103.62	19.86	11.49
Net Income, 2 Yr. CAGR %	-54.28	48.54	139	-50.83	-6.44
Normalized Net Income, 2 Yr. CAGR %	-34.15	51.16	32.76	19.88	11.87
Diluted EPS Before Extra, 2 Yr. CAGR %	-54.3	47.33	101.06	19.8	11.33
Accounts Receivable, 2 Yr. CAGR %	-1.35	11.1	-10.04	-14.42	2.11
Inventory, 2 Yr. CAGR %	-6.69	16.58	12.5	-4.36	-3.14
Net Property, Plant and Equip., 2 Yr. CAGR %	41.21	-13.71	-2.49	-6.63	-4.33
Total Assets, 2 Yr. CAGR %	4.27	9.8	4.64	-15.26	-15.5
Tangible Book Value, 2 Yr. CAGR %	14.37	-11.62	-32.9	-12.15	20.07
Common Equity, 2 Yr. CAGR %	-15.68	26.52	19.74	-7.45	-8.7
Cash From Operations, 2 Yr. CAGR %	-12	27.97	18.37	12.93	-14.96
Capital Expenditures, 2 Yr. CAGR %	-13.98	-6.9	6.86	16.01	-0.74
Levered Free Cash Flow, 2 Yr. CAGR %	-14.99	23.38	67.15	45.52	-41.09
Unlevered Free Cash Flow, 2 Yr. CAGR %	-14.17	19.29	54.49	43.83	-34.84
Dividend Per Share, 2 Yr. CAGR %	-35.67	-	60.73	5.08	-6.67
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.12	-1.27	5.42	10.94	5.91
Gross Profit, 3 Yr. CAGR %	-7.77	-1.71	3.14	5.51	4.88
EBITDA, 3 Yr. CAGR %	-14.8	-4.12	8.15	15.42	11.03
EBITA, 3 Yr. CAGR %	-17.32	-3.51	12.78	19.19	9.55
EBIT, 3 Yr. CAGR %	-20.85	-4.48	19.55	23.97	12.54
Earnings From Cont. Operations, 3 Yr. CAGR %	-40.91	0.87	21.2	76.01	10.73
Net Income, 3 Yr. CAGR %	-40.23	1.48	36.09	6.52	0
Normalized Net Income, 3 Yr. CAGR %	-23.15	-4	25.43	29.03	13.85
Diluted EPS Before Extra, 3 Yr. CAGR %	-39.95	1.39	20.7	74.33	10.72
Accounts Receivable, 3 Yr. CAGR %	1.88	4.07	-4.81	-5.34	-10.01
Inventory, 3 Yr. CAGR %	-2.94	6.19	7.75	7.95	-4.77
Net Property, Plant and Equip., 3 Yr. CAGR %	30.13	27.12	-11.75	-3.52	-5.47
Total Assets, 3 Yr. CAGR %	7.52	6.2	6.22	-7.51	-10.8
Tangible Book Value, 3 Yr. CAGR %	2	4.71	-26.28	-12.17	-9.57
Common Equity, 3 Yr. CAGR %	-1.18	-0.31	18.09	6.08	-4.99
Cash From Operations, 3 Yr. CAGR %	-4.66	-6.54	29.61	10.36	-2.34
Capital Expenditures, 3 Yr. CAGR %	-3.46	-4.81	-5.3	6.54	7.78
Levered Free Cash Flow, 3 Yr. CAGR %	-2.45	2.4	41.99	38.84	-9.09
Unlevered Free Cash Flow, 3 Yr. CAGR %	-2.25	1.95	33.17	36.81	-7.13
Dividend Per Share, 3 Yr. CAGR %	-24.15	-6.11	-	30.22	4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.95	0.41	2.1	1.63	4.5
Gross Profit, 5 Yr. CAGR %	-4.88	-1.33	-2.5	-2.31	2.71
EBITDA, 5 Yr. CAGR %	-9.41	-3.94	-3.18	-2.54	8.08
EBITA, 5 Yr. CAGR %	-11.22	-4.08	-3.54	-2.41	11.43
EBIT, 5 Yr. CAGR %	-13.25	-5.44	-3.81	-2.35	15.57
Earnings From Cont. Operations, 5 Yr. CAGR %	-27	-1.13	-3.08	1.72	17.22
Net Income, 5 Yr. CAGR %	-26.25	-0.79	4.05	-24.06	17.15
Normalized Net Income, 5 Yr. CAGR %	-14.57	-5.58	-4.36	-1.41	19.82
Diluted EPS Before Extra, 5 Yr. CAGR %	-25.7	-0.42	-2.62	2.05	16.86
Accounts Receivable, 5 Yr. CAGR %	1.34	4.26	-3.07	-3.76	-2.1
Inventory, 5 Yr. CAGR %	-0.91	6.49	2.96	1.84	3.26
Net Property, Plant and Equip., 5 Yr. CAGR %	17.69	18.95	15.94	12.36	-8.85
Total Assets, 5 Yr. CAGR %	6.05	7.06	6.36	-2.97	-3.07
Tangible Book Value, 5 Yr. CAGR %	9.01	4.71	-13.73	-2.39	-10.4
Common Equity, 5 Yr. CAGR %	-2.89	4.54	6.71	-3.23	6.54
Cash From Operations, 5 Yr. CAGR %	0.77	-0.51	3.96	0.81	8.81
Capital Expenditures, 5 Yr. CAGR %	-3.02	2.23	0.54	-2.19	-3.5
Levered Free Cash Flow, 5 Yr. CAGR %	7.27	7.65	21	14.11	-0.54
Unlevered Free Cash Flow, 5 Yr. CAGR %	6.55	7.29	17.39	13.54	-0.39
Dividend Per Share, 5 Yr. CAGR %	-12.94	-2.69	2.42	-1.79	-