Ingles Markets (IMKTA) Financials

$84.35 -4.05 (-4.58%)

As of 02:20 PM Eastern

Annual Income Statements for Ingles Markets

This table shows Ingles Markets' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/26/2015	9/24/2016	9/30/2017	9/29/2018	9/28/2019	9/26/2020	9/25/2021	9/24/2022	9/30/2023	9/28/2024	9/27/2025
Net Income / (Loss) Attributable to Common Shareholders	59	54	54	97	82	179	257	289	212	99	82
Consolidated Net Income / (Loss)	59	54	54	97	82	179	250	273	211	106	84
Net Income / (Loss) Continuing Operations	59	54	54	97	82	179	250	273	211	106	84
Total Pre-Tax Income	94	85	84	80	107	235	328	361	279	140	110
Total Operating Income	139	129	128	125	152	281	350	377	292	147	118
Total Gross Profit	893	924	964	980	1,022	1,198	1,303	1,416	1,405	1,300	1,274
Total Revenue	3,779	3,795	4,003	4,093	4,202	4,611	4,988	5,679	5,893	5,640	5,334
Operating Revenue	3,779	3,795	4,003	4,093	4,202	4,611	4,988	5,679	5,893	5,640	5,334
Total Cost of Revenue	2,885	2,871	3,039	3,113	3,180	3,412	3,684	4,263	4,488	4,340	4,060
Operating Cost of Revenue	2,885	2,871	3,039	3,113	3,180	3,412	3,684	4,263	4,488	4,340	4,060
Total Operating Expenses	754	796	836	855	870	917	953	1,039	1,113	1,153	1,157
Other Operating Expenses / (Income)	756	795	837	-	874	-	963	1,040	1,115	1,162	1,159
Other Special Charges / (Income)	-2.19	1.21	-1.46	-0.73	-4.05	-4.43	-9.96	-1.36	-2.77	-9.11	-2.38
Total Other Income / (Expense), net	-45	-44	-44	-45	-46	-46	-22	-16	-14	-7.64	-7.64
Interest Expense	47	46	47	48	47	48	25	22	22	22	20
Other Income / (Expense), net	2.28	2.36	3.81	3.06	1.81	1.74	2.97	5.85	8.27	14	12
Income Tax Expense	35	30	30	-17	25	56	78	89	68	34	26
Basic Earnings per Share	-	-	-	$9.43	$7.90	$17.30	-	-	$21.67	$10.84	$8.59
Weighted Average Basic Shares Outstanding	21.70M	21.70M	21.60M	21.70M	20.26M	20.26M	18.99M	18.99M	18.99M	18.99M	18.99M
Weighted Average Diluted Shares Outstanding	21.70M	21.70M	21.60M	21.70M	20.26M	20.26M	18.99M	18.99M	18.99M	18.99M	18.99M
Weighted Average Basic & Diluted Shares Outstanding	21.70M	21.70M	21.60M	21.70M	20.26M	20.26M	18.99M	18.99M	18.99M	18.99M	18.99M
Cash Dividends to Common per Share	-	-	-	$1.26	$1.26	$1.26	$0.00	$0.00	$0.00	$0.00	$0.00

This table shows Ingles Markets' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	6/24/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
Net Income / (Loss) Attributable to Common Shareholders	50	55	40	33	31	-5.02	19	13	25	25	28
Consolidated Net Income / (Loss)	48	53	43	32	32	-1.47	17	15	26	26	28
Net Income / (Loss) Continuing Operations	48	53	43	32	32	-1.47	17	15	26	26	28
Total Pre-Tax Income	64	69	58	43	42	-2.97	22	20	35	33	37
Total Operating Income	67	72	60	45	44	-1.44	24	22	37	35	39
Total Gross Profit	338	370	349	322	330	299	301	311	327	335	335
Total Revenue	1,434	1,585	1,481	1,367	1,394	1,398	1,288	1,331	1,346	1,368	1,373
Operating Revenue	1,434	1,585	1,481	1,367	1,394	1,398	1,288	1,331	1,346	1,368	1,373
Total Cost of Revenue	1,096	1,215	1,132	1,046	1,064	1,098	987	1,020	1,019	1,034	1,038
Operating Cost of Revenue	1,096	1,215	1,132	1,046	1,064	1,098	987	1,020	1,019	1,034	1,038
Total Operating Expenses	271	298	289	277	286	301	278	289	290	300	295
Other Operating Expenses / (Income)	271	299	290	285	286	301	281	289	290	299	295
Other Special Charges / (Income)	-0.12	-1.28	-0.65	-7.69	-0.64	-0.12	-3.15	0.19	-0.14	0.71	0.01
Total Other Income / (Expense), net	-3.33	-2.96	-2.10	-2.21	-1.81	-1.53	-1.71	-2.04	-2.09	-1.81	-1.69
Interest Expense	5.44	5.94	5.71	5.59	5.36	5.21	5.01	4.88	4.86	4.96	4.61
Other Income / (Expense), net	2.11	2.98	3.61	3.38	3.55	3.68	3.30	2.84	2.77	3.16	2.92
Income Tax Expense	16	16	14	11	11	-1.50	5.27	4.50	9.06	7.52	9.32
Basic Earnings per Share	-	-	-	$3.28	$3.26	-	$1.70	$1.55	$2.69	-	$2.89
Weighted Average Basic Shares Outstanding	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M
Weighted Average Diluted Shares Outstanding	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M
Weighted Average Basic & Diluted Shares Outstanding	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M
Cash Dividends to Common per Share	$0.00	-	$0.00	$0.00	$0.00	-	$0.00	$0.00	$0.00	-	$0.00

This table details how cash moves in and out of Ingles Markets' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/26/2015	9/24/2016	9/30/2017	9/29/2018	9/28/2019	9/26/2020	9/25/2021	9/24/2022	9/30/2023	9/28/2024	9/27/2025
Net Change in Cash & Equivalents	-1.11	-1.83	18	-13	32	-35	63	197	61	25	13
Net Cash From Operating Activities	153	159	156	161	212	350	306	339	266	263	154
Net Cash From Continuing Operating Activities	153	159	156	161	212	350	306	339	266	263	154
Net Income / (Loss) Continuing Operations	59	54	54	97	82	179	250	273	211	106	84
Consolidated Net Income / (Loss)	59	54	54	97	82	179	250	273	211	106	84
Depreciation Expense	103	107	111	113	113	116	117	118	116	122	123
Amortization Expense	-	-	-	-	-	-	8.01	7.94	6.88	-	4.83
Non-Cash Adjustments To Reconcile Net Income	-2.24	1.13	0.10	-0.80	-4.31	12	-9.43	-1.63	-1.77	32	-1.38
Changes in Operating Assets and Liabilities, net	-6.53	-2.88	-8.56	-48	22	44	-59	-57	-65	3.25	-56
Net Cash From Investing Activities	-100	-137	-125	-148	-153	-117	-128	-112	-170	-206	-110
Net Cash From Continuing Investing Activities	-100	-137	-125	-148	-153	-117	-128	-112	-170	-206	-110
Purchase of Property, Plant & Equipment	-104	-138	-128	-150	-162	-123	-141	-120	-174	-211	-115
Sale of Property, Plant & Equipment	4.38	0.76	2.34	2.34	8.96	5.41	18	2.62	3.50	4.67	4.56
Net Cash From Financing Activities	-55	-24	-13	-26	-27	-268	-115	-31	-35	-31	-32
Net Cash From Continuing Financing Activities	-55	-24	-13	-26	-27	-268	-115	-31	-35	-31	-32
Repayment of Debt	-735	-740	-453	-529	-318	-523	-1,026	-18	-22	-18	-19
Payment of Dividends	-13	-13	-13	-13	-13	-13	-13	-12	-12	-12	-12
Other Financing Activities, net	-	-	-	-	0.00	0.00	350	0.00	-0.23	-0.64	-0.67

This table details how cash moves in and out of Ingles Markets' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	6/24/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
Net Change in Cash & Equivalents	30	48	-54	27	53	-1.07	-84	28	39	30	-4.56
Net Cash From Operating Activities	83	89	16	70	103	73	-44	63	75	60	38
Net Cash From Continuing Operating Activities	82	90	16	70	103	73	-44	63	75	60	38
Net Income / (Loss) Continuing Operations	48	53	43	32	32	-1.47	17	15	26	26	28
Consolidated Net Income / (Loss)	48	53	43	32	32	-1.47	17	15	26	26	28
Depreciation Expense	29	29	29	29	30	34	31	31	31	31	30
Amortization Expense	1.83	1.21	1.72	-	1.53	1.29	1.24	1.15	1.16	1.28	1.23
Non-Cash Adjustments To Reconcile Net Income	-1.18	3.63	-1.22	-9.22	-0.95	36	-3.15	1.57	0.38	0.28	0.01
Changes in Operating Assets and Liabilities, net	4.65	3.10	-57	15	41	3.77	-89	15	16	1.97	-21
Net Cash From Investing Activities	-46	-35	-62	-32	-44	-68	-34	-24	-29	-23	-36
Net Cash From Continuing Investing Activities	-46	-35	-62	-32	-44	-68	-34	-24	-29	-23	-36
Purchase of Property, Plant & Equipment	-46	-36	-63	-35	-45	-68	-38	-24	-29	-23	-36
Sale of Property, Plant & Equipment	0.12	1.60	0.81	2.90	0.80	0.16	3.92	0.16	0.39	0.09	0.06
Net Cash From Financing Activities	-6.50	-6.75	-6.66	-11	-6.66	-6.67	-6.67	-11	-7.01	-6.72	-6.68
Net Cash From Continuing Financing Activities	-6.50	-6.75	-6.66	-11	-6.66	-6.67	-6.67	-11	-7.01	-6.72	-6.68
Repayment of Debt	-3.44	-3.45	-3.44	-7.97	-3.44	-3.44	-3.44	-7.97	-3.78	-3.48	-3.44
Payment of Dividends	-3.06	-3.07	-3.07	-3.07	-3.07	-3.07	-3.07	-3.07	-3.07	-3.07	-3.07
Other Financing Activities, net	-	-0.23	-0.16	-0.16	-0.16	-0.16	-0.16	-0.17	-0.17	-0.17	-0.18

This table presents Ingles Markets' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/26/2015	9/24/2016	9/30/2017	9/29/2018	9/28/2019	9/26/2020	9/25/2021	9/24/2022	9/30/2023	9/28/2024	9/27/2025
Total Assets	1,655	1,686	1,733	1,825	1,867	1,899	2,018	2,296	2,474	2,528	2,566
Total Current Assets	424	418	446	497	497	470	575	838	953	926	976
Cash & Equivalents	7.51	5.68	24	11	42	-	70	267	329	354	366
Accounts Receivable	66	62	66	70	72	81	95	97	108	78	106
Inventories, net	339	344	349	372	374	367	390	458	494	462	483
Other Current Assets	11	7.19	6.27	44	8.90	22	15	16	23	32	20
Plant, Property, & Equipment, net	1,211	1,248	1,265	1,303	1,344	1,354	1,371	1,374	1,432	1,527	1,515
Total Noncurrent Assets	20	20	22	25	26	75	72	83	89	76	75
Other Noncurrent Operating Assets	20	20	22	25	26	75	72	83	89	76	75
Total Liabilities & Shareholders' Equity	1,655	1,686	1,733	1,825	1,867	1,899	2,018	2,296	2,474	2,528	2,566
Total Liabilities	1,226	1,216	1,222	1,229	1,205	1,080	1,035	1,036	1,015	982	950
Total Current Liabilities	252	242	246	260	248	324	306	334	331	321	303
Short-Term Debt	11	10	12	13	13	19	18	18	18	18	17
Accounts Payable	166	155	151	165	151	204	189	213	204	198	179
Accrued Expenses	75	76	82	82	84	92	90	95	101	99	101
Other Current Liabilities	-	-	-	-	0.00	8.38	8.64	7.80	8.23	5.67	5.68
Total Noncurrent Liabilities	974	975	977	969	957	756	729	702	684	662	647
Long-Term Debt	875	866	866	853	840	586	572	554	533	515	497
Capital Lease Obligations	-	-	-	-	-	-	-	0.00	3.06	2.39	1.67
Noncurrent Deferred & Payable Income Tax Liabilities	65	71	70	74	75	73	73	74	67	64	65
Other Noncurrent Operating Liabilities	35	37	41	42	42	97	84	74	81	80	83
Total Equity & Noncontrolling Interests	429	470	511	595	663	819	983	1,260	1,459	1,546	1,616
Total Preferred & Common Equity	429	470	511	595	663	819	983	1,260	1,459	1,546	1,616
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	428	469	510	594	663	819	983	1,260	1,459	1,546	1,616
Common Stock	12	12	12	12	13	13	0.95	0.95	0.95	0.95	0.95
Retained Earnings	416	457	498	582	651	816	986	1,246	1,445	1,538	1,609
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-1.27	-10	-3.43	12	13	6.74	5.60

This table presents Ingles Markets' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/25/2022	12/24/2022	3/25/2023	6/24/2023	12/30/2023	3/30/2024	6/29/2024	12/28/2024	3/29/2025	6/28/2025	12/27/2025
Total Assets	2,215	2,345	2,341	2,407	2,459	2,486	2,546	2,493	2,506	2,547	2,571
Total Current Assets	779	859	854	897	911	917	963	890	909	948	977
Cash & Equivalents	126	256	250	281	275	302	355	270	297	336	362
Accounts Receivable	99	121	97	101	117	109	100	105	99	102	109
Inventories, net	419	465	474	482	501	479	484	491	491	488	485
Other Current Assets	20	17	32	33	18	27	25	25	21	22	21
Plant, Property, & Equipment, net	1,357	1,400	1,404	1,422	1,462	1,480	1,497	1,527	1,522	1,524	1,519
Total Noncurrent Assets	79	87	83	88	86	89	86	77	75	75	75
Other Noncurrent Operating Assets	79	87	83	88	86	89	86	77	75	75	75
Total Liabilities & Shareholders' Equity	2,215	2,345	2,341	2,407	2,459	2,486	2,546	2,493	2,506	2,547	2,571
Total Liabilities	1,027	1,021	981	1,000	963	961	992	932	935	953	930
Total Current Liabilities	319	322	292	313	283	287	322	275	285	301	291
Short-Term Debt	18	18	18	18	18	18	18	18	18	17	17
Accounts Payable	212	209	192	204	181	182	208	183	179	190	169
Accrued Expenses	82	88	76	85	77	80	90	69	84	89	98
Other Current Liabilities	7.96	7.44	7.02	7.19	7.49	7.40	6.67	5.49	5.52	5.60	5.62
Total Noncurrent Liabilities	707	699	688	687	680	674	670	657	649	652	639
Long-Term Debt	558	547	539	536	529	522	518	512	504	501	494
Capital Lease Obligations	-	-	-	-	2.90	2.73	2.56	2.21	2.03	1.85	1.48
Noncurrent Deferred & Payable Income Tax Liabilities	75	72	70	69	65	64	65	64	62	68	60
Other Noncurrent Operating Liabilities	74	80	79	81	84	86	83	79	81	82	83
Total Equity & Noncontrolling Interests	1,189	1,325	1,360	1,407	1,495	1,525	1,554	1,562	1,572	1,594	1,640
Total Preferred & Common Equity	1,189	1,325	1,360	1,407	1,495	1,525	1,554	1,562	1,572	1,594	1,640
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,189	1,325	1,360	1,407	1,495	1,525	1,554	1,562	1,572	1,594	1,640
Common Stock	0.95	0.95	0.95	0.95	0.95	0.95	0.95	0.95	0.95	0.95	0.95
Retained Earnings	1,179	1,313	1,350	1,395	1,485	1,514	1,543	1,552	1,564	1,587	1,634
Accumulated Other Comprehensive Income / (Loss)	8.74	11	9.24	11	9.40	11	10	9.08	7.24	6.15	5.07

This table displays calculated financial ratios and metrics derived from Ingles Markets' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/26/2015	9/24/2016	9/30/2017	9/29/2018	9/28/2019	9/26/2020	9/25/2021	9/24/2022	9/30/2023	9/28/2024	9/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.49%	0.43%	5.47%	2.25%	2.67%	9.72%	8.18%	13.85%	3.77%	-4.30%	-5.42%
EBITDA Growth	9.08%	-2.78%	2.15%	-0.69%	10.61%	49.69%	19.85%	6.35%	-16.73%	-31.71%	-9.05%
EBIT Growth	11.97%	-7.42%	0.58%	-2.91%	20.42%	83.55%	24.89%	8.43%	-21.48%	-46.32%	-19.65%
NOPAT Growth	9.99%	-5.85%	-0.68%	85.02%	-23.03%	83.28%	25.00%	6.65%	-22.25%	-49.69%	-19.69%
Net Income Growth	15.41%	-8.70%	-0.58%	80.73%	-16.21%	118.93%	39.83%	9.22%	-22.71%	-49.94%	-20.80%
EPS Growth	0.00%	0.00%	0.00%	0.00%	-16.24%	119.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-0.57%	3.63%	-1.69%	3.13%	31.17%	65.54%	-12.52%	10.84%	-21.53%	-1.46%	-41.30%
Free Cash Flow Firm Growth	22.34%	-46.37%	18.09%	14.06%	42.88%	177.86%	-25.72%	12.11%	-53.20%	-33.37%	-25.85%
Invested Capital Growth	-0.28%	2.56%	1.79%	6.26%	1.54%	-3.26%	5.10%	4.46%	7.63%	2.58%	2.26%
Revenue Q/Q Growth	-0.32%	0.25%	3.28%	-0.72%	0.39%	2.70%	2.85%	2.10%	2.31%	-3.22%	-0.54%
EBITDA Q/Q Growth	0.87%	-1.55%	4.58%	-2.39%	1.23%	14.48%	3.35%	1.99%	-5.76%	-18.89%	14.47%
EBIT Q/Q Growth	0.57%	-3.57%	7.93%	-4.60%	1.83%	21.19%	3.30%	-0.29%	-7.40%	-30.95%	38.37%
NOPAT Q/Q Growth	-1.08%	-2.86%	6.48%	1.33%	2.09%	20.98%	3.61%	-0.98%	-7.53%	-33.14%	44.06%
Net Income Q/Q Growth	-2.25%	-3.65%	10.66%	-0.95%	3.13%	26.09%	5.88%	-0.58%	-7.67%	-33.89%	48.16%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	26.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-15.44%	2.01%	-3.55%	2.51%	6.73%	18.30%	-8.59%	-4.09%	4.53%	-5.80%	-7.98%
Free Cash Flow Firm Q/Q Growth	-10.43%	-16.03%	-18.90%	30.05%	5.90%	15.33%	0.75%	-16.49%	24.25%	-37.72%	129.62%
Invested Capital Q/Q Growth	-1.36%	-0.82%	0.54%	-0.40%	-0.59%	-0.45%	0.09%	2.73%	0.22%	-0.60%	-0.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.64%	24.36%	24.07%	23.95%	24.32%	25.99%	26.13%	24.93%	23.84%	23.05%	23.89%
EBITDA Margin	6.47%	6.26%	6.06%	5.89%	6.34%	8.65%	9.59%	8.95%	7.19%	5.13%	4.83%
Operating Margin	3.68%	3.39%	3.20%	3.05%	3.62%	6.09%	7.02%	6.64%	4.96%	2.61%	2.20%
EBIT Margin	3.74%	3.45%	3.29%	3.12%	3.67%	6.13%	7.08%	6.74%	5.10%	2.86%	2.43%
Profit (Net Income) Margin	1.57%	1.43%	1.35%	2.38%	1.94%	3.87%	5.01%	4.80%	3.58%	1.87%	1.57%
Tax Burden Percent	62.84%	64.03%	63.94%	121.22%	76.53%	75.99%	76.23%	75.50%	75.69%	75.66%	76.04%
Interest Burden Percent	66.77%	64.62%	63.97%	62.80%	69.22%	83.15%	92.80%	94.38%	92.66%	86.45%	84.80%
Effective Tax Rate	37.16%	35.97%	36.06%	-21.22%	23.47%	24.01%	23.77%	24.50%	24.31%	24.34%	23.96%
Return on Invested Capital (ROIC)	6.68%	6.22%	6.04%	10.75%	7.97%	14.73%	18.26%	18.59%	13.62%	6.53%	5.12%
ROIC Less NNEP Spread (ROIC-NNEP)	3.57%	3.00%	2.81%	4.44%	3.78%	9.81%	15.21%	15.70%	9.68%	3.68%	1.61%
Return on Net Nonoperating Assets (RNNOA)	7.95%	5.84%	4.94%	6.85%	5.00%	9.37%	9.45%	5.73%	1.88%	0.50%	0.17%
Return on Equity (ROE)	14.63%	12.05%	10.98%	17.60%	12.97%	24.10%	27.71%	24.32%	15.51%	7.03%	5.29%
Cash Return on Invested Capital (CROIC)	6.96%	3.69%	4.27%	4.68%	6.44%	18.05%	13.29%	14.22%	6.28%	3.98%	2.88%
Operating Return on Assets (OROA)	8.54%	7.84%	7.70%	7.19%	8.34%	15.01%	18.02%	17.75%	12.60%	6.45%	5.09%
Return on Assets (ROA)	3.58%	3.24%	3.15%	5.47%	4.42%	9.48%	12.75%	12.65%	8.84%	4.22%	3.28%
Return on Common Equity (ROCE)	14.59%	12.03%	10.96%	17.57%	12.96%	24.10%	27.71%	24.32%	15.51%	7.03%	5.29%
Return on Equity Simple (ROE_SIMPLE)	13.84%	11.53%	10.54%	16.35%	12.31%	21.80%	25.40%	21.65%	14.45%	6.83%	0.00%
Net Operating Profit after Tax (NOPAT)	87	82	82	151	116	213	267	285	221	111	89
NOPAT Margin	2.31%	2.17%	2.04%	3.70%	2.77%	4.63%	5.35%	5.01%	3.75%	1.97%	1.68%
Net Nonoperating Expense Percent (NNEP)	3.11%	3.22%	3.24%	6.31%	4.19%	4.93%	3.06%	2.89%	3.95%	2.85%	3.51%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	15.54%	11.00%	5.35%	4.19%
Cost of Revenue to Revenue	76.36%	75.64%	75.93%	76.05%	75.68%	74.01%	73.87%	75.07%	76.16%	76.95%	76.11%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	20.92%	0.00%	19.99%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.96%	20.97%	20.88%	20.90%	20.70%	19.90%	19.11%	18.29%	18.88%	20.44%	21.68%
Earnings before Interest and Taxes (EBIT)	141	131	132	128	154	283	353	383	301	161	130
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	244	238	243	241	267	399	478	509	423	289	257
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.83	1.48	0.93	1.08	1.12	0.87	1.23	1.21	0.97	0.91	0.81
Price to Tangible Book Value (P/TBV)	1.83	1.48	0.93	1.08	1.12	0.87	1.23	1.21	0.97	0.91	0.81
Price to Revenue (P/Rev)	0.21	0.18	0.12	0.16	0.18	0.15	0.24	0.27	0.24	0.25	0.24
Price to Earnings (P/E)	13.19	12.78	8.77	6.61	9.14	3.99	4.73	5.28	6.69	14.22	15.79
Dividend Yield	1.71%	1.93%	3.54%	2.60%	1.79%	1.88%	1.03%	0.82%	0.89%	0.89%	0.96%
Earnings Yield	7.58%	7.82%	11.41%	15.14%	10.94%	25.09%	21.13%	18.93%	14.96%	7.03%	6.33%
Enterprise Value to Invested Capital (EV/IC)	1.27	1.17	0.97	1.03	1.06	0.92	1.15	1.17	0.97	0.92	0.82
Enterprise Value to Revenue (EV/Rev)	0.44	0.41	0.33	0.37	0.37	0.29	0.35	0.32	0.28	0.28	0.27
Enterprise Value to EBITDA (EV/EBITDA)	6.80	6.58	5.47	6.22	5.84	3.30	3.61	3.60	3.87	5.50	5.64
Enterprise Value to EBIT (EV/EBIT)	11.74	11.94	10.07	11.72	10.10	4.66	4.90	4.78	5.45	9.85	11.20
Enterprise Value to NOPAT (EV/NOPAT)	19.00	18.99	16.22	9.90	13.36	6.17	6.48	6.43	7.41	14.28	16.24
Enterprise Value to Operating Cash Flow (EV/OCF)	10.83	9.83	8.48	9.29	7.35	3.76	5.64	5.39	6.15	6.06	9.42
Enterprise Value to Free Cash Flow (EV/FCFF)	18.22	31.97	22.97	22.75	16.53	5.04	8.90	8.40	16.09	23.41	28.84
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.07	1.86	1.72	1.45	1.29	0.74	0.60	0.45	0.38	0.35	0.32
Long-Term Debt to Equity	2.04	1.84	1.69	1.43	1.27	0.72	0.58	0.44	0.37	0.33	0.31
Financial Leverage	2.23	1.95	1.76	1.54	1.32	0.96	0.62	0.37	0.19	0.14	0.10
Leverage Ratio	4.08	3.72	3.49	3.22	2.93	2.54	2.17	1.92	1.75	1.66	1.61
Compound Leverage Factor	2.72	2.40	2.23	2.02	2.03	2.11	2.02	1.82	1.63	1.44	1.37
Debt to Total Capital	67.38%	65.09%	63.21%	59.25%	56.25%	42.50%	37.48%	31.23%	27.49%	25.71%	24.22%
Short-Term Debt to Total Capital	0.86%	0.74%	0.88%	0.88%	0.83%	1.36%	1.12%	0.96%	0.87%	0.84%	0.82%
Long-Term Debt to Total Capital	66.51%	64.34%	62.33%	58.37%	55.42%	41.14%	36.36%	30.26%	26.62%	24.87%	23.40%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	32.54%	34.84%	36.72%	40.68%	43.75%	57.50%	62.52%	68.77%	72.51%	74.29%	75.78%
Debt to EBITDA	3.63	3.69	3.62	3.59	3.20	1.52	1.23	1.12	1.31	1.85	2.01
Net Debt to EBITDA	3.60	3.67	3.52	3.55	3.04	1.52	1.08	0.60	0.53	0.63	0.58
Long-Term Debt to EBITDA	3.58	3.65	3.57	3.54	3.15	1.47	1.20	1.09	1.27	1.79	1.94
Debt to NOPAT	10.13	10.64	10.73	5.72	7.32	2.84	2.21	2.01	2.50	4.81	5.78
Net Debt to NOPAT	10.05	10.58	10.44	5.65	6.96	2.84	1.93	1.07	1.02	1.63	1.68
Long-Term Debt to NOPAT	10.00	10.52	10.58	5.64	7.21	2.75	2.14	1.95	2.42	4.65	5.58
Altman Z-Score	3.42	3.35	3.33	3.39	3.54	4.01	4.60	4.93	4.74	4.44	4.26
Noncontrolling Interest Sharing Ratio	0.25%	0.23%	0.21%	0.18%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.68	1.73	1.82	1.91	2.01	1.45	1.88	2.51	2.88	2.89	3.22
Quick Ratio	0.29	0.28	0.37	0.31	0.46	0.25	0.56	1.09	1.32	1.35	1.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	91	49	58	66	94	261	194	218	102	68	50
Operating Cash Flow to CapEx	153.96%	116.18%	124.71%	108.84%	138.43%	298.34%	249.05%	290.19%	156.62%	127.32%	140.17%
Free Cash Flow to Firm to Interest Expense	1.94	1.06	1.22	1.38	1.98	5.49	7.64	10.12	4.62	3.11	2.55
Operating Cash Flow to Interest Expense	3.26	3.43	3.29	3.39	4.46	7.35	12.05	15.78	12.07	12.01	7.82
Operating Cash Flow Less CapEx to Interest Expense	1.14	0.48	0.65	0.28	1.24	4.89	7.21	10.35	4.36	2.58	2.24
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.28	2.27	2.34	2.30	2.28	2.45	2.55	2.63	2.47	2.26	2.09
Accounts Receivable Turnover	59.38	59.29	62.51	60.02	59.18	60.15	56.54	59.08	57.57	60.69	57.78
Inventory Turnover	8.64	8.41	8.77	8.63	8.52	9.21	9.74	10.06	9.43	9.08	8.59
Fixed Asset Turnover	3.11	3.09	3.19	3.19	3.17	3.42	3.66	4.14	4.20	3.81	3.51
Accounts Payable Turnover	17.31	17.87	19.85	19.70	20.10	19.20	18.72	21.17	21.50	21.57	21.51
Days Sales Outstanding (DSO)	6.15	6.16	5.84	6.08	6.17	6.07	6.46	6.18	6.34	6.01	6.32
Days Inventory Outstanding (DIO)	42.26	43.39	41.63	42.30	42.83	39.63	37.48	36.30	38.71	40.20	42.48
Days Payable Outstanding (DPO)	21.09	20.43	18.39	18.53	18.16	19.01	19.49	17.24	16.97	16.92	16.97
Cash Conversion Cycle (CCC)	27.32	29.12	29.08	29.85	30.84	26.69	24.45	25.23	28.07	29.29	31.83
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,308	1,341	1,365	1,450	1,473	1,425	1,497	1,564	1,684	1,727	1,766
Invested Capital Turnover	2.89	2.87	2.96	2.91	2.87	3.18	3.41	3.71	3.63	3.31	3.05
Increase / (Decrease) in Invested Capital	-3.72	33	24	85	22	-48	73	67	119	43	39
Enterprise Value (EV)	1,661	1,563	1,326	1,498	1,556	1,317	1,728	1,829	1,639	1,590	1,452
Market Capitalization	783	693	472	643	745	712	1,214	1,524	1,415	1,408	1,302
Book Value per Share	$21.12	$23.16	$25.18	$29.34	$32.71	$40.44	$51.77	$66.31	$76.81	$81.38	$85.07
Tangible Book Value per Share	$21.12	$23.16	$25.18	$29.34	$32.71	$40.44	$51.77	$66.31	$76.81	$81.38	$85.07
Total Capital	1,315	1,347	1,389	1,461	1,515	1,425	1,573	1,832	2,012	2,081	2,132
Total Debt	886	876	878	866	852	606	590	572	553	535	516
Total Long-Term Debt	875	866	866	853	840	586	572	554	536	517	499
Net Debt	879	871	854	855	810	606	514	305	225	181	150
Capital Expenditures (CapEx)	100	137	125	148	153	117	123	117	170	206	110
Debt-free, Cash-free Net Working Capital (DFCFNWC)	176	181	189	239	220	166	212	255	311	269	324
Debt-free Net Working Capital (DFNWC)	183	187	212	249	262	166	287	522	640	622	690
Net Working Capital (NWC)	172	177	200	237	250	146	269	504	622	605	673
Net Nonoperating Expense (NNE)	28	28	28	54	35	35	17	12	10	5.78	5.81
Net Nonoperating Obligations (NNO)	879	871	854	855	810	606	514	305	225	181	150
Total Depreciation and Amortization (D&A)	103	107	111	113	113	116	125	126	123	128	128
Debt-free, Cash-free Net Working Capital to Revenue	4.65%	4.77%	4.71%	5.84%	5.24%	3.59%	4.24%	4.49%	5.28%	4.77%	6.07%
Debt-free Net Working Capital to Revenue	4.85%	4.92%	5.31%	6.09%	6.24%	3.59%	5.75%	9.19%	10.85%	11.04%	12.94%
Net Working Capital to Revenue	4.55%	4.66%	5.00%	5.78%	5.94%	3.17%	5.40%	8.88%	10.56%	10.73%	12.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$17.30	$24.93	$28.04	$0.00	$0.00	$8.59
Adjusted Weighted Average Basic Shares Outstanding	20.26M	20.26M	20.26M	20.26M	20.26M	20.26M	18.99M	18.99M	18.99M	18.99M	18.99M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$17.06	$24.60	$27.71	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	20.26M	20.26M	20.26M	20.26M	20.26M	20.26M	18.99M	18.99M	18.99M	18.99M	18.99M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.26M	20.26M	20.26M	20.26M	20.26M	20.26M	18.99M	18.99M	18.99M	18.99M	18.99M
Normalized Net Operating Profit after Tax (NOPAT)	86	83	81	87	113	210	259	284	219	104	88
Normalized NOPAT Margin	2.28%	2.19%	2.02%	2.12%	2.70%	4.56%	5.20%	4.99%	3.72%	1.85%	1.64%
Pre Tax Income Margin	2.50%	2.23%	2.11%	1.96%	2.54%	5.10%	6.57%	6.36%	4.73%	2.47%	2.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.01	2.83	2.78	2.69	3.25	5.93	13.89	17.80	13.62	7.38	6.58
NOPAT to Interest Expense	1.86	1.78	1.72	3.18	2.46	4.48	10.50	13.23	10.03	5.09	4.54
EBIT Less CapEx to Interest Expense	0.89	-0.13	0.13	-0.43	0.03	3.47	9.05	12.36	5.91	-2.05	1.00
NOPAT Less CapEx to Interest Expense	-0.26	-1.18	-0.92	0.07	-0.77	2.02	5.66	7.79	2.32	-4.34	-1.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	21.86%	23.98%	24.13%	13.35%	15.94%	7.28%	5.06%	4.49%	5.82%	11.62%	14.68%
Augmented Payout Ratio	21.86%	23.98%	24.13%	13.35%	15.94%	7.28%	37.09%	4.49%	5.82%	11.62%	14.68%

This table displays calculated financial ratios and metrics derived from Ingles Markets' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	6/24/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.67%	9.16%	-0.82%	-0.95%	-2.81%	-11.83%	-13.03%	-2.65%	-3.40%	-2.08%	6.59%
EBITDA Growth	-20.88%	-19.78%	-27.31%	-11.59%	-21.33%	-64.16%	-36.99%	-28.90%	-8.63%	93.10%	24.59%
EBIT Growth	-27.51%	-24.35%	-34.94%	-18.85%	-31.28%	-97.01%	-57.51%	-49.20%	-15.92%	1,610.61%	56.51%
NOPAT Growth	-28.31%	-24.72%	-37.81%	-22.42%	-34.85%	-101.84%	-60.23%	-50.30%	-16.10%	2,782.33%	64.34%
Net Income Growth	-28.78%	-24.98%	-37.45%	-21.32%	-34.27%	-102.80%	-61.77%	-52.64%	-17.41%	1,845.25%	69.57%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-22.20%	14.81%	-72.86%	89.59%	25.09%	-18.08%	-380.84%	-10.47%	-27.59%	-18.24%	187.99%
Free Cash Flow Firm Growth	-341.29%	-1,157.55%	-30.78%	37.78%	77.07%	31.05%	61.18%	75.18%	49.29%	73.09%	272.31%
Invested Capital Growth	10.33%	7.63%	8.36%	5.92%	3.42%	2.58%	3.02%	1.86%	2.31%	2.26%	-1.75%
Revenue Q/Q Growth	3.86%	10.54%	-6.56%	-7.67%	1.91%	0.29%	-7.83%	3.35%	1.12%	1.65%	0.33%
EBITDA Q/Q Growth	11.89%	4.85%	-10.69%	-15.62%	1.69%	-52.24%	57.01%	-4.79%	27.96%	-2.51%	4.90%
EBIT Q/Q Growth	16.91%	7.42%	-15.21%	-23.79%	-1.01%	-95.32%	1,103.69%	-8.88%	63.83%	-4.80%	10.13%
NOPAT Q/Q Growth	17.39%	8.15%	-18.09%	-25.41%	-1.42%	-103.05%	1,870.87%	-6.78%	66.41%	-2.36%	8.49%
Net Income Q/Q Growth	19.04%	9.08%	-17.57%	-26.49%	-0.56%	-104.64%	1,226.52%	-8.94%	73.43%	-1.91%	9.45%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	122.24%	8.32%	-82.62%	353.19%	46.64%	-29.07%	-159.58%	244.48%	18.59%	-19.90%	-35.88%
Free Cash Flow Firm Q/Q Growth	-1.74%	39.49%	-42.17%	28.91%	62.51%	-81.97%	19.95%	54.55%	23.41%	3.42%	612.58%
Invested Capital Q/Q Growth	0.81%	0.22%	5.14%	-0.28%	-1.57%	-0.60%	5.59%	-1.40%	-1.14%	-0.65%	1.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.58%	23.33%	23.55%	23.54%	23.66%	21.42%	23.38%	23.36%	24.31%	24.46%	24.37%
EBITDA Margin	6.98%	6.62%	6.33%	5.78%	5.65%	2.69%	4.58%	4.22%	5.34%	5.13%	5.36%
Operating Margin	4.69%	4.52%	4.03%	3.28%	3.17%	-0.10%	1.83%	1.63%	2.77%	2.56%	2.85%
EBIT Margin	4.84%	4.71%	4.27%	3.52%	3.42%	0.16%	2.09%	1.84%	2.98%	2.79%	3.06%
Profit (Net Income) Margin	3.37%	3.32%	2.93%	2.33%	2.28%	-0.11%	1.29%	1.13%	1.95%	1.88%	2.05%
Tax Burden Percent	75.43%	76.69%	75.43%	74.87%	74.91%	49.50%	75.89%	77.06%	74.31%	77.36%	75.12%
Interest Burden Percent	92.16%	92.04%	90.98%	88.40%	88.77%	-133.25%	81.35%	80.07%	87.89%	87.00%	89.04%
Effective Tax Rate	24.57%	23.31%	24.57%	25.13%	25.09%	0.00%	24.11%	22.94%	25.69%	22.64%	24.88%
Return on Invested Capital (ROIC)	12.74%	12.57%	10.49%	8.39%	8.09%	-0.24%	4.21%	3.80%	6.29%	6.05%	6.42%
ROIC Less NNEP Spread (ROIC-NNEP)	11.91%	11.71%	9.95%	7.78%	7.50%	-0.47%	3.72%	3.13%	5.45%	5.20%	5.80%
Return on Net Nonoperating Assets (RNNOA)	2.78%	2.28%	2.06%	1.47%	1.16%	-0.06%	0.65%	0.47%	0.64%	0.55%	0.75%
Return on Equity (ROE)	15.52%	14.85%	12.55%	9.86%	9.25%	-0.30%	4.86%	4.27%	6.93%	6.59%	7.17%
Cash Return on Invested Capital (CROIC)	5.12%	6.28%	3.37%	4.98%	6.38%	3.98%	1.71%	1.94%	1.25%	2.88%	7.35%
Operating Return on Assets (OROA)	12.07%	11.63%	10.45%	8.57%	8.06%	0.36%	4.59%	3.99%	6.28%	5.84%	6.56%
Return on Assets (ROA)	8.39%	8.21%	7.17%	5.67%	5.36%	-0.24%	2.83%	2.46%	4.10%	3.93%	4.38%
Return on Common Equity (ROCE)	15.52%	14.85%	12.55%	9.86%	9.25%	-0.30%	4.86%	4.27%	6.93%	6.59%	7.17%
Return on Equity Simple (ROE_SIMPLE)	16.22%	0.00%	12.36%	11.55%	10.27%	0.00%	5.04%	3.94%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	51	55	45	34	33	-1.01	18	17	28	27	29
NOPAT Margin	3.54%	3.46%	3.04%	2.45%	2.37%	-0.07%	1.39%	1.25%	2.06%	1.98%	2.14%
Net Nonoperating Expense Percent (NNEP)	0.83%	0.86%	0.54%	0.60%	0.59%	0.23%	0.48%	0.67%	0.84%	0.84%	0.61%
Return On Investment Capital (ROIC_SIMPLE)	-	2.73%	2.20%	1.62%	-	-0.05%	0.85%	0.80%	1.31%	1.27%	1.37%
Cost of Revenue to Revenue	76.42%	76.67%	76.45%	76.46%	76.34%	78.58%	76.62%	76.64%	75.69%	75.54%	75.63%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.89%	18.81%	19.52%	20.26%	20.50%	21.53%	21.55%	21.73%	21.54%	21.90%	21.52%
Earnings before Interest and Taxes (EBIT)	69	75	63	48	48	2.23	27	24	40	38	42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	100	105	94	79	79	38	59	56	72	70	74
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.12	0.97	1.08	0.94	0.84	0.91	0.79	0.77	0.74	0.81	0.81
Price to Tangible Book Value (P/TBV)	1.12	0.97	1.08	0.94	0.84	0.91	0.79	0.77	0.74	0.81	0.81
Price to Revenue (P/Rev)	0.27	0.24	0.28	0.25	0.22	0.25	0.23	0.22	0.22	0.24	0.25
Price to Earnings (P/E)	6.56	6.69	8.86	8.10	8.19	14.22	15.78	20.61	22.66	15.79	14.61
Dividend Yield	0.80%	0.89%	0.77%	0.87%	0.96%	0.89%	1.01%	1.04%	1.06%	0.96%	0.94%
Earnings Yield	15.25%	14.96%	11.29%	12.34%	12.21%	7.03%	6.34%	4.85%	4.41%	6.33%	6.84%
Enterprise Value to Invested Capital (EV/IC)	1.10	0.97	1.07	0.95	0.85	0.92	0.82	0.80	0.77	0.82	0.83
Enterprise Value to Revenue (EV/Rev)	0.32	0.28	0.32	0.29	0.25	0.28	0.28	0.27	0.26	0.27	0.27
Enterprise Value to EBITDA (EV/EBITDA)	4.10	3.87	4.88	4.44	4.16	5.50	5.89	6.19	6.09	5.64	5.45
Enterprise Value to EBIT (EV/EBIT)	5.68	5.45	7.11	6.57	6.35	9.85	12.00	14.17	14.61	11.20	10.24
Enterprise Value to NOPAT (EV/NOPAT)	7.71	7.41	9.78	9.11	8.91	14.28	17.80	21.30	22.06	16.24	14.69
Enterprise Value to Operating Cash Flow (EV/OCF)	7.24	6.15	8.44	6.51	5.32	6.06	7.38	7.32	8.17	9.42	6.28
Enterprise Value to Free Cash Flow (EV/FCFF)	22.48	16.09	33.08	19.62	13.61	23.41	48.71	41.55	62.42	28.84	11.17
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.38	0.37	0.36	0.35	0.35	0.34	0.33	0.33	0.32	0.31
Long-Term Debt to Equity	0.38	0.37	0.36	0.34	0.34	0.33	0.33	0.32	0.32	0.31	0.30
Financial Leverage	0.23	0.19	0.21	0.19	0.15	0.14	0.18	0.15	0.12	0.10	0.13
Leverage Ratio	1.78	1.75	1.70	1.67	1.67	1.66	1.62	1.61	1.62	1.61	1.58
Compound Leverage Factor	1.64	1.61	1.55	1.48	1.48	-2.22	1.32	1.29	1.42	1.40	1.41
Debt to Total Capital	28.23%	27.49%	26.88%	26.21%	25.73%	25.71%	25.40%	24.99%	24.59%	24.22%	23.82%
Short-Term Debt to Total Capital	0.89%	0.87%	0.86%	0.85%	0.84%	0.84%	0.84%	0.84%	0.83%	0.82%	0.81%
Long-Term Debt to Total Capital	27.33%	26.62%	26.02%	25.36%	24.90%	24.87%	24.56%	24.15%	23.77%	23.40%	23.01%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	71.77%	72.51%	73.12%	73.79%	74.27%	74.29%	74.60%	75.01%	75.41%	75.78%	76.18%
Debt to EBITDA	1.23	1.31	1.42	1.43	1.51	1.85	2.09	2.26	2.31	2.01	1.89
Net Debt to EBITDA	0.61	0.53	0.71	0.63	0.52	0.63	1.03	0.98	0.82	0.58	0.56
Long-Term Debt to EBITDA	1.19	1.27	1.37	1.39	1.46	1.79	2.02	2.18	2.23	1.94	1.82
Debt to NOPAT	2.31	2.50	2.84	2.94	3.23	4.81	6.31	7.77	8.38	5.78	5.08
Net Debt to NOPAT	1.14	1.02	1.42	1.30	1.10	1.63	3.11	3.36	2.96	1.68	1.50
Long-Term Debt to NOPAT	2.24	2.42	2.74	2.85	3.13	4.65	6.10	7.51	8.10	5.58	4.91
Altman Z-Score	4.53	4.44	4.64	4.48	4.29	4.23	4.18	4.14	4.08	4.14	4.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.86	2.88	3.22	3.20	2.99	2.89	3.24	3.19	3.14	3.22	3.36
Quick Ratio	1.22	1.32	1.38	1.43	1.41	1.35	1.36	1.39	1.45	1.56	1.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-106	-64	-92	-65	-24	-44	-36	-16	-12	-12	61
Operating Cash Flow to CapEx	180.98%	256.33%	24.91%	218.35%	235.39%	108.27%	-128.91%	262.34%	257.75%	260.15%	105.83%
Free Cash Flow to Firm to Interest Expense	-19.57	-10.86	-16.05	-11.66	-4.56	-8.53	-7.10	-3.31	-2.55	-2.41	13.30
Operating Cash Flow to Interest Expense	15.17	15.07	2.72	12.60	19.27	14.07	-8.71	12.93	15.40	12.07	8.34
Operating Cash Flow Less CapEx to Interest Expense	6.79	9.19	-8.21	6.83	11.09	1.07	-15.47	8.00	9.43	7.43	0.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.49	2.47	2.45	2.43	2.35	2.26	2.20	2.17	2.11	2.09	2.14
Accounts Receivable Turnover	57.54	57.57	49.51	56.89	58.14	60.69	49.19	51.86	53.13	57.78	50.63
Inventory Turnover	9.68	9.43	9.31	9.42	9.23	9.08	8.46	8.59	8.49	8.59	8.42
Fixed Asset Turnover	4.14	4.20	4.11	4.07	3.99	3.81	3.64	3.60	3.55	3.51	3.56
Accounts Payable Turnover	20.97	21.50	23.12	24.01	21.62	21.57	23.09	23.13	20.72	21.51	23.35
Days Sales Outstanding (DSO)	6.34	6.34	7.37	6.42	6.28	6.01	7.42	7.04	6.87	6.32	7.21
Days Inventory Outstanding (DIO)	37.70	38.71	39.19	38.76	39.54	40.20	43.15	42.47	42.97	42.48	43.33
Days Payable Outstanding (DPO)	17.40	16.97	15.79	15.20	16.88	16.92	15.81	15.78	17.62	16.97	15.63
Cash Conversion Cycle (CCC)	26.64	28.07	30.77	29.98	28.93	29.29	34.77	33.73	32.23	31.83	34.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,680	1,684	1,770	1,765	1,738	1,727	1,824	1,798	1,778	1,766	1,792
Invested Capital Turnover	3.60	3.63	3.46	3.42	3.41	3.31	3.03	3.04	3.05	3.05	3.00
Increase / (Decrease) in Invested Capital	157	119	137	99	57	43	53	33	40	39	-32
Enterprise Value (EV)	1,844	1,639	1,896	1,678	1,484	1,590	1,500	1,435	1,369	1,452	1,483
Market Capitalization	1,571	1,415	1,621	1,439	1,300	1,408	1,238	1,209	1,185	1,302	1,331
Book Value per Share	$74.09	$76.81	$78.73	$80.31	$81.81	$81.38	$82.21	$82.75	$83.91	$85.07	$86.37
Tangible Book Value per Share	$74.09	$76.81	$78.73	$80.31	$81.81	$81.38	$82.21	$82.75	$83.91	$85.07	$86.37
Total Capital	1,961	2,012	2,045	2,067	2,092	2,081	2,093	2,095	2,114	2,132	2,153
Total Debt	553	553	550	542	538	535	532	524	520	516	513
Total Long-Term Debt	536	536	532	524	521	517	514	506	502	499	496
Net Debt	273	225	275	240	184	181	262	226	184	150	151
Capital Expenditures (CapEx)	46	35	62	32	44	68	34	24	29	23	36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	320	311	370	346	303	269	364	344	328	324	342
Debt-free Net Working Capital (DFNWC)	601	640	646	648	658	622	633	641	664	690	704
Net Working Capital (NWC)	584	622	628	630	640	605	615	624	646	673	686
Net Nonoperating Expense (NNE)	2.51	2.27	1.58	1.65	1.35	0.46	1.30	1.57	1.55	1.40	1.27
Net Nonoperating Obligations (NNO)	273	225	275	240	184	181	262	226	184	150	151
Total Depreciation and Amortization (D&A)	31	30	30	31	31	35	32	32	32	32	32
Debt-free, Cash-free Net Working Capital to Revenue	5.56%	5.28%	6.30%	5.89%	5.20%	4.77%	6.67%	6.36%	6.11%	6.07%	6.31%
Debt-free Net Working Capital to Revenue	10.44%	10.85%	10.98%	11.04%	11.29%	11.04%	11.62%	11.85%	12.38%	12.94%	12.98%
Net Working Capital to Revenue	10.13%	10.56%	10.68%	10.74%	10.99%	10.73%	11.30%	11.53%	12.05%	12.61%	12.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.55	$2.69	$0.00	$2.89
Adjusted Weighted Average Basic Shares Outstanding	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M	18.99M
Normalized Net Operating Profit after Tax (NOPAT)	51	54	44	28	33	-1.10	16	17	28	28	29
Normalized NOPAT Margin	3.53%	3.40%	3.00%	2.03%	2.34%	-0.08%	1.20%	1.26%	2.05%	2.02%	2.14%
Pre Tax Income Margin	4.46%	4.33%	3.88%	3.12%	3.04%	-0.21%	1.70%	1.47%	2.62%	2.43%	2.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	12.76	12.57	11.08	8.62	8.90	0.43	5.36	5.02	8.26	7.69	9.13
NOPAT to Interest Expense	9.33	9.25	7.88	6.00	6.17	-0.19	3.57	3.42	5.71	5.46	6.38
EBIT Less CapEx to Interest Expense	4.37	6.69	0.15	2.85	0.71	-12.57	-1.39	0.09	2.29	3.05	1.25
NOPAT Less CapEx to Interest Expense	0.95	3.37	-3.05	0.23	-2.02	-13.19	-3.19	-1.51	-0.26	0.82	-1.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.37%	5.82%	6.63%	6.96%	7.68%	11.62%	15.58%	19.81%	21.75%	14.68%	12.90%
Augmented Payout Ratio	5.37%	5.82%	6.63%	6.96%	7.68%	11.62%	15.58%	19.81%	21.75%	14.68%	12.90%

Financials Breakdown Chart

Key Financial Trends

Igles Markets (IMKTA) has posted a sequence of quarterly results over the last four years showing a generally stable top line, disciplined cash flow, and a strengthening balance sheet. Below are the key takeaways drawn from the quarterly cash flow, income statement, and balance sheet data provided.

Net income (consolidated) rose to $28.13 million in Q1 2026, up from prior quarters in 2024–2025, signaling improving profitability.
Cash and cash equivalents reached about $361.7 million in Q1 2026, up from roughly $270 million a year earlier, boosting liquidity.
Positive operating cash flow in recent quarters (Q3 2025: +$74.8M; Q4 2025: +$59.9M; Q1 2026: +$38.4M), indicating ongoing cash generation from core operations.
Gross margin has remained in the low-to-mid 20% range (Total Gross Profit around $325–$335 million on roughly $1.33–$1.37 billion in revenue) across 2024–2026, suggesting stable profitability without dramatic margin erosion.
Total equity climbed to about $1.64 billion by Q1 2026, reflecting a stronger capital base.
Operating revenue has stayed fairly stable, in the roughly $1.33–$1.37 billion range across the 2024–2026 quarters, indicating steady top-line performance.
Long-term debt has remained fairly flat in the $490–501 million band, implying manageable leverage amid a large equity base.
Capital expenditures (PPE purchases) occur at a moderate pace (roughly $23–$36 million per quarter), with operations supporting ongoing investments.
Net cash from financing activities has frequently been negative (debt repayments and dividends), which can pressure near-term cash balances if operating cash flow falters.
Q1 2025 showed a negative operating cash flow (-$43.6 million), highlighting a quarter of working-capital or operating headwinds, though subsequent quarters recovered.

05/07/26 12:59 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Ingles Markets' Financials

When does Ingles Markets' financial year end?

According to the most recent income statement we have on file, Ingles Markets' fiscal year ends in September. Their fiscal year 2025 ended on September 27, 2025.

How has Ingles Markets' net income changed over the last 10 years?

Ingles Markets' net income appears to be on an upward trend, with a most recent value of $83.59 million in 2025, rising from $59.35 million in 2015. The previous period was $105.54 million in 2024. See where experts think Ingles Markets is headed by visiting Ingles Markets' forecast page.

What is Ingles Markets' operating income?

Ingles Markets' total operating income in 2025 was $117.58 million, based on the following breakdown:

Total Gross Profit: $1.27 billion
Total Operating Expenses: $1.16 billion

How has Ingles Markets' revenue changed over the last 10 years?

Over the last 10 years, Ingles Markets' total revenue changed from $3.78 billion in 2015 to $5.33 billion in 2025, a change of 41.2%.

How much debt does Ingles Markets have?

Ingles Markets' total liabilities were at $950.12 million at the end of 2025, a 3.3% decrease from 2024, and a 22.5% decrease since 2015.

How much cash does Ingles Markets have?

In the past 10 years, Ingles Markets' cash and equivalents has ranged from $0.00 in 2020 to $366.25 million in 2025, and is currently $366.25 million as of their latest financial filing in 2025.

How has Ingles Markets' book value per share changed over the last 10 years?

Over the last 10 years, Ingles Markets' book value per share changed from 21.12 in 2015 to 85.07 in 2025, a change of 302.7%.

Related Companies

Financial statements for NASDAQ:IMKTA last updated on 2/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Ingles Markets (IMKTA) Financials

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Ingles Markets (IMKTA) Financials

Annual Income Statements for Ingles Markets

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