KRNYSERetail-Grocery StoresFiscal year ends January 30
KROGER CO
Financials through Q2 FY2026, quarter ended Aug 15, 2026Last filing: 10-Q on Sep 18, 2026
$63.05−0.58 (-0.91%)
Close on Oct 19, 2026
- Market cap
- $38.33B
- P/E (TTM)
- 34.3
- Dividend yield
- 2.17%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
23.3%−0.0 pts over 5 years
Operating margin
1.3%−0.8 pts over 5 years
Net margin
0.7%−1.3 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 | +0.4% | -0.1% | +2.2% | +3.0% | |
| Gross profit | +3.0% | +2.7% | +2.2% | +3.5% | |
| Operating income | -50.9% | -22.9% | -7.4% | -6.2% | |
| Net income | -61.9% | -23.2% | -17.0% | -6.7% | |
| EPS, diluted | -58.0% | -20.5% | -14.0% | -2.9% | |
| Free cash flow | +94.5% | +34.5% | -2.6% | +8.2% | |
| Dividend per share | +9.6% | +11.4% | +14.4% | +12.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 29.2% | 28.4% | 14.3% | |
| Return on assets | 5.6% | 5.5% | 2.0% | |
| Current ratio | 0.80 | 0.81 | 0.80 | |
| Debt to equity | 1.99 | 1.30 | 2.68 | |
| Net debt to EBITDA | 2.24× | 1.94× | 2.40× | |
| Interest coverage | 6.6× | 5.1× | – | |
| Capex to revenue | 3.2% | 2.2% | 2.6% | |
| Diluted shares | 958M | 781M | 655M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Kroger generated $30.58B from operations and spent $30.86B on capital expenditure, dividends and share buybacks. 57% of that went back into the business.
Generated
$30.58B
Used
$30.86B
Capital expenditure$17.47B57%Dividends$3.84B12%Share buybacks$9.56B31%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.7%
×Asset turnover2.88×
×Equity multiplier7.22×
=Return on equity, FY202514.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.7% | 2.88× | 7.22× | 14.3% |
| FY2024 | 1.8% | 2.85× | 5.18× | 26.8% |
| FY2023 | 1.4% | 3.00× | 4.62× | 20.0% |
| FY2022 | 1.5% | 3.00× | 5.06× | 23.0% |
| FY2021 | 1.2% | 2.82× | 5.14× | 17.4% |
| FY2020 | 2.0% | 2.82× | 5.17× | 28.4% |
| FY2019 | 1.4% | 2.93× | 5.06× | 20.1% |
| FY2018 | 2.6% | 3.24× | 5.08× | 42.0% |
| FY2017 | 1.5% | 3.35× | 5.41× | 28.0% |
| FY2016 | 1.7% | 3.28× | 5.21× | 29.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.02B
- Cash generatingOperating cash flow above zero$7.31B
- Return on assets improvedROA up on the prior year5.3% → 1.9%
- Earnings backed by cashOperating cash flow above net income$7.31B vs $1.02B
- Less leverageLong-term debt to assets fell30.0% → 29.0%
- Better liquidityCurrent ratio rose0.96 → 0.80
- No dilutionShare count did not rise720M → 655M
- Gross margin improvedGross margin up on the prior year22.70% → 23.30%
- More efficientAsset turnover rose2.91 → 2.81