IMKTANasdaqRetail-Grocery StoresFiscal year ends September 26
INGLES MARKETS INC
Financials through Q3 FY2026, quarter ended Jun 27, 2026Last filing: 10-Q on Aug 6, 2026
$84.89−1.56 (-1.80%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
23.9%−2.1 pts over 5 years
Operating margin
2.2%−3.9 pts over 5 years
Net margin
1.6%−2.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -5.4% | -2.1% | +3.0% | +3.5% | |
| Gross profit | -2.0% | -3.5% | +1.2% | +3.6% | |
| Operating income | -20.1% | -32.2% | -16.0% | -1.7% | |
| Net income | -20.8% | -32.6% | -14.1% | +3.5% | |
| Free cash flow | -23.4% | -43.5% | -29.5% | -2.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 12.1% | 24.1% | 5.3% | |
| Return on assets | 3.2% | 9.5% | 3.3% | |
| Current ratio | 1.73 | 1.45 | 3.22 | |
| Debt to equity | 1.86 | 0.74 | 0.32 | |
| Net debt to EBITDA | 3.70× | 1.51× | 0.62× | |
| Interest coverage | 2.8× | 6.9× | 6.0× | |
| Inventory turnover | 8.4× | 9.2× | 8.6× | |
| Capex to revenue | 3.6% | 2.7% | 2.1% |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ingles Markets generated $1.33B from operations and spent $900.84M on capital expenditure, dividends and share buybacks. 84% of that went back into the business.
Generated
$1.33B
Used
$900.84M
Capital expenditure$759.15M84%Dividends$61.69M7%Share buybacks$80.00M9%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.6%
×Asset turnover2.09×
×Equity multiplier1.61×
=Return on equity, FY20255.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.6% | 2.09× | 1.61× | 5.3% |
| FY2024 | 1.9% | 2.26× | 1.66× | 7.0% |
| FY2023 | 3.6% | 2.47× | 1.75× | 15.5% |
| FY2022 | 4.8% | 2.63× | 1.92× | 24.3% |
| FY2021 | 5.0% | 2.55× | 2.17× | 27.7% |
| FY2020 | 3.9% | 2.45× | 2.54× | 24.1% |
| FY2019 | 1.9% | 2.28× | 2.93× | 13.0% |
| FY2018 | 2.4% | 2.30× | 3.22× | 17.6% |
| FY2017 | 1.3% | 2.34× | 3.49× | 11.0% |
| FY2016 | 1.4% | 2.27× | 3.72× | 12.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$83.59M
- Cash generatingOperating cash flow above zero$154.10M
- Return on assets improvedROA up on the prior year4.3% → 3.3%
- Earnings backed by cashOperating cash flow above net income$154.10M vs $83.59M
- Less leverageLong-term debt to assets fell20.4% → 19.4%
- Better liquidityCurrent ratio rose2.89 → 3.22
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year23.05% → 23.89%
- More efficientAsset turnover rose2.28 → 2.11