Aramark (ARMK): history, ownership, mission, how it works & makes money

Aramark (ARMK): history, ownership, mission, how it works & makes money

US | Industrials | Specialty Business Services | NYSE

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A Brief History of Aramark (ARMK)

Company Overview

Aramark Corporation, headquartered in Philadelphia, Pennsylvania, is a global provider of food services, facilities management, and uniform services. Founded in 1959, the company is publicly traded on the New York Stock Exchange under the ticker symbol ARMK.

Financial Performance

Fiscal Year 2023 Metrics Value
Total Revenue $20.7 billion
Net Income $567 million
Market Capitalization $8.3 billion
Employee Count Approximately 270,000

Business Segments

  • Food and Support Services North America
  • Food and Support Services International
  • Uniforms and Facility Services

Key Market Presence

Aramark serves clients in multiple sectors including:

  • Healthcare
  • Education
  • Business and Industry
  • Sports and Entertainment
  • Corrections
  • Government

Stock Performance

Stock Metric Current Value
Stock Price (as of January 2024) $39.87
52-Week High $44.24
52-Week Low $34.01
Dividend Yield 1.8%

Global Operations

Aramark operates in 19 countries across North America, Europe, and Asia, providing services to approximately 6,000 client locations.



Who Owns Aramark (ARMK)

Major Institutional Shareholders

Shareholder Shares Owned Percentage of Ownership
Vanguard Group Inc 16,483,404 9.49%
BlackRock Inc. 13,245,772 7.62%
SSgA Funds Management 8,901,654 5.13%

Top Institutional Investors

  • Vanguard Group Inc
  • BlackRock Inc.
  • SSgA Funds Management
  • Dimensional Fund Advisors LP
  • Invesco Ltd.

Insider Ownership

Eric J. Foss (Executive Chairman): 485,192 shares

John J. Zillmer (CEO): 312,874 shares

Public Float

Total Public Float: 173,421,000 shares

Stock Exchange Listing

Aramark trades on the New York Stock Exchange (NYSE) under the ticker symbol ARMK



Aramark (ARMK) Mission Statement

Corporate Mission Overview

Aramark's mission focuses on delivering exceptional experiences through innovative services in food, facilities, and uniforms across multiple sectors.

Metric 2023 Value
Annual Revenue $16.8 billion
Global Employees 240,000
Countries Operated 19

Key Service Segments

  • Food Services
  • Facilities Management
  • Uniform and Career Apparel

Strategic Focus Areas

Primary Markets:

  • Healthcare
  • Education
  • Business & Industry
  • Sports & Entertainment
  • Corrections
Market Segment Percentage of Revenue
Healthcare 30%
Education 25%
Business & Industry 22%
Sports & Entertainment 15%
Corrections 8%

Financial Performance

Stock Performance (NYSE: ARMK):

  • Market Capitalization: $7.3 billion
  • Earnings Per Share (2023): $2.45
  • Price-to-Earnings Ratio: 18.6


How Aramark (ARMK) Works

Company Overview

Aramark Corporation (NYSE: ARMK) reported annual revenue of $20.1 billion for fiscal year 2023. Headquartered in Philadelphia, Pennsylvania, the company operates in food services, facilities management, and uniform services.

Business Segments

Segment Revenue 2023 Primary Services
Food & Hospitality $12.3 billion Dining services for universities, hospitals, corporations
Facilities $5.7 billion Maintenance, cleaning, technical services
Uniform $2.1 billion Uniform rental, workplace safety products

Financial Performance

  • Market Capitalization: $7.2 billion
  • Net Income 2023: $479 million
  • Operating Margin: 5.8%
  • Total Employees: 270,000

Geographic Presence

Aramark operates in 19 countries, with primary markets in United States, Canada, and United Kingdom.

Key Clients

Sector Notable Clients
Education University of Pennsylvania, Stanford University
Healthcare Mayo Clinic, Cleveland Clinic
Corporate Microsoft, Comcast


How Aramark (ARMK) Makes Money

Revenue Segments

Aramark generates revenue through three primary business segments:

  • Business Services Segment
  • Education Services Segment
  • Healthcare Services Segment

Financial Performance

Financial Metric 2023 Amount
Total Revenue $16.7 billion
Net Income $585 million
Operating Income $1.02 billion

Business Services Revenue Breakdown

Service Category Annual Revenue
Corporate Dining $3.2 billion
Sports & Entertainment $1.8 billion
Government Facilities $1.5 billion

Key Revenue Sources

  • Food Services Management
  • Facility Services
  • Uniform and Facility Services

Geographic Revenue Distribution

Region Percentage of Revenue
United States 85%
International Markets 15%

Customer Base

Total Customers Served Annually: 2 billion

Key Client Industries:

  • Educational Institutions
  • Healthcare Systems
  • Corporations
  • Sports Venues
  • Government Facilities

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