Kroger (KR) Financials

$69.49 +0.53 (+0.77%)

As of 03:58 PM Eastern

Annual Income Statements for Kroger

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

Metric	2025	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020	2/2/2019	2/3/2018	1/28/2017	1/30/2016
Net Income / (Loss) Attributable to Common Shareholders	2,665	2,164	2,244	1,655	2,585	1,659	3,110	1,907	1,975	2,039
Consolidated Net Income / (Loss)	2,672	2,169	2,249	1,666	2,588	1,512	3,078	1,889	1,957	2,049
Net Income / (Loss) Continuing Operations	2,672	2,169	2,249	1,666	2,588	1,512	3,078	1,889	1,957	2,049
Total Pre-Tax Income	3,342	2,836	2,902	2,051	3,370	1,981	3,978	1,484	2,914	3,094
Total Operating Income	3,849	3,096	4,126	3,477	2,780	2,251	2,614	2,612	3,452	3,576
Total Gross Profit	33,403	33,364	31,778	30,349	30,901	26,992	26,749	27,469	25,835	24,334
Total Revenue	147,123	150,039	148,258	137,888	132,498	122,286	121,852	123,280	115,337	109,830
Operating Revenue	147,123	150,039	148,258	137,888	132,498	122,286	121,852	123,280	115,337	109,830
Total Cost of Revenue	113,720	116,675	116,480	107,539	101,597	95,294	95,103	95,811	89,502	85,496
Operating Cost of Revenue	113,720	116,675	116,480	107,539	101,597	95,294	95,103	95,811	89,502	85,496
Total Operating Expenses	29,554	30,268	27,652	26,872	28,121	24,741	24,135	24,857	22,383	20,758
Selling, General & Admin Expense	25,431	26,252	23,848	23,203	24,500	21,208	20,786	21,510	19,162	17,946
Depreciation Expense	3,246	3,125	2,965	2,824	2,747	2,649	2,465	2,436	2,340	2,089
Other Operating Expenses / (Income)	877	891	839	845	874	884	884	911	881	723
Total Other Income / (Expense), net	-507	-260	-1,224	-1,426	590	-270	1,364	-1,128	-538	-482
Interest Expense	-12	441	535	571	544	603	620	601	522	482
Interest & Investment Income	-598	151	-728	-821	1,105	157	-	-	-	-
Other Income / (Expense), net	79	30	39	-34	29	176	1,984	-527	-16	-
Income Tax Expense	670	667	653	385	782	469	900	-405	957	1,045
Net Income / (Loss) Attributable to Noncontrolling Interest	7.00	5.00	5.00	11	3.00	-147	-32	-18	-18	10
Basic Earnings per Share	$3.70	$2.99	$3.10	$2.20	$3.31	$2.05	$3.80	$2.11	$2.08	$2.09
Weighted Average Basic Shares Outstanding	715M	718M	718M	744M	773M	799M	810M	895M	942M	966M
Diluted Earnings per Share	$3.67	$2.96	$3.06	$2.17	$3.27	$2.04	$3.76	$2.09	$2.05	$2.06
Weighted Average Diluted Shares Outstanding	720M	725M	727M	754M	781M	805M	818M	904M	958M	980M
Weighted Average Basic & Diluted Shares Outstanding	660.89M	721.69M	717.47M	723.31M	751.99M	777.89M	818.40M	903.80M	949.50M	975.60M
Cash Dividends to Common per Share	$1.25	$1.13	$0.99	$0.81	$0.70	$0.62	$0.55	$0.50	$0.47	$0.41

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

Metric	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	11/9/2024	8/17/2024	5/25/2024	2/3/2024	11/4/2023	8/12/2023	5/20/2023	1/28/2023	11/5/2022
Net Income / (Loss) Attributable to Common Shareholders	618	466	947	736	646	-180	962	451	398
Consolidated Net Income / (Loss)	617	465	956	739	647	-179	962	451	400
Net Income / (Loss) Continuing Operations	617	465	956	739	647	-179	962	451	400
Total Pre-Tax Income	804	613	1,191	934	851	-197	1,248	623	526
Total Operating Income	828	815	1,294	1,193	912	-479	1,470	826	841
Total Gross Profit	7,686	7,651	10,145	8,421	7,480	7,378	10,085	7,576	7,308
Total Revenue	33,634	33,912	45,269	37,064	33,957	33,853	45,165	34,822	34,198
Operating Revenue	33,634	33,912	45,269	37,064	33,957	33,853	45,165	34,822	34,198
Total Cost of Revenue	25,948	26,261	35,124	28,643	26,477	26,475	35,080	27,246	26,890
Operating Cost of Revenue	25,948	26,261	35,124	28,643	26,477	26,475	35,080	27,246	26,890
Total Operating Expenses	6,858	6,836	8,851	7,228	6,568	7,857	8,615	6,750	6,467
Selling, General & Admin Expense	5,898	5,886	7,604	6,278	5,646	6,935	7,393	5,847	5,587
Depreciation Expense	757	751	978	731	721	716	957	706	685
Other Operating Expenses / (Income)	203	199	269	219	201	206	265	197	195
Total Other Income / (Expense), net	-24	-202	-103	-259	-61	282	-222	-203	-315
Interest Expense	-3.00	84	123	101	-7.00	93	153	112	119
Interest & Investment Income	-106	-121	16	-164	-68	367	-78	-92	-207
Other Income / (Expense), net	79	3.00	4.00	6.00	0.00	8.00	9.00	1.00	11
Income Tax Expense	187	148	235	195	204	-18	286	172	126
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.00	-1.00	9.00	3.00	1.00	1.00	0.00	-	2.00
Basic Earnings per Share	$0.85	$0.64	$1.30	$1.02	$0.89	($0.25)	$1.33	$0.63	$0.55
Weighted Average Basic Shares Outstanding	723M	723M	721M	718M	719M	719M	717M	718M	716M
Diluted Earnings per Share	$0.84	$0.64	$1.29	$1.01	$0.88	($0.25)	$1.32	$0.61	$0.55
Weighted Average Diluted Shares Outstanding	728M	727M	727M	725M	725M	719M	724M	727M	724M
Weighted Average Basic & Diluted Shares Outstanding	723.61M	723.49M	721.79M	721.69M	719.42M	719.32M	717.75M	717.47M	715.82M
Cash Dividends to Common per Share	$0.32	$0.32	$0.29	$0.29	$0.29	$0.29	$0.26	$0.26	$0.26

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

Metric	2025	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020	2/2/2019	2/3/2018	1/28/2017	1/30/2016
Net Change in Cash & Equivalents	2,076	868	-806	134	1,288	-30	82	25	45	9.00
Net Cash From Operating Activities	5,794	6,788	4,498	6,190	6,815	4,664	4,164	3,413	4,272	4,917
Net Cash From Continuing Operating Activities	5,794	6,788	4,498	6,190	6,815	4,664	4,164	3,413	4,272	4,917
Net Income / (Loss) Continuing Operations	2,672	2,169	2,249	1,666	2,588	1,512	3,078	1,889	1,957	2,049
Consolidated Net Income / (Loss)	2,672	2,169	2,249	1,666	2,588	1,512	3,078	1,889	1,957	2,049
Depreciation Expense	3,246	3,125	2,965	2,824	2,747	2,649	2,465	2,436	2,340	2,089
Amortization Expense	603	625	614	605	626	640	0.00	-	-	-
Non-Cash Adjustments To Reconcile Net Income	387	216	1,080	1,355	-760	470	-1,820	-342	252	391
Changes in Operating Assets and Liabilities, net	-1,114	653	-2,410	-260	1,614	-607	441	-570	-277	388
Net Cash From Investing Activities	-3,228	-3,750	-3,015	-2,611	-2,814	-2,611	-1,186	-2,707	-3,875	-3,570
Net Cash From Continuing Investing Activities	-3,228	-3,750	-3,015	-2,611	-2,814	-2,611	-1,186	-2,707	-3,875	-3,570
Purchase of Property, Plant & Equipment	-4,017	-3,904	-3,078	-2,614	-2,865	-3,128	-2,967	-2,809	-3,699	-3,349
Sale of Property, Plant & Equipment	377	101	78	153	165	273	85	138	132	45
Divestitures	464	-	-	-	-	327	2,169	-	-	-
Other Investing Activities, net	-52	53	-15	-150	-114	-83	160	-20	93	-98
Net Cash From Financing Activities	-490	-2,170	-2,289	-3,445	-2,713	-2,083	-2,896	-681	-352	-1,338
Net Cash From Continuing Financing Activities	-490	-2,170	-2,289	-3,445	-2,713	-2,083	-2,896	-681	-352	-1,338
Repayment of Debt	-5,080	-1,377	-748	-1,603	-2,031	-2,000	-2,750	-875	-1,441	-1,337
Repurchase of Preferred Equity	-1,000	-	-	-	-	-	-	-	-	-
Repurchase of Common Equity	-4,156	-62	-993	-1,647	-1,324	-465	-2,010	-1,633	-1,766	-703
Payment of Dividends	-883	-796	-682	-589	-534	-486	-437	-443	-429	-411
Issuance of Debt	10,502	15	0.00	56	1,049	813	2,236	2,219	3,216	896
Issuance of Common Equity	127	50	134	172	127	55	65	51	68	120
Cash Interest Paid	252	488	545	607	564	523	614	656	505	474
Cash Income Taxes Paid	681	751	698	513	659	706	600	348	557	1,001

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

Metric	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	11/9/2024	8/17/2024	5/25/2024	2/3/2024	11/4/2023	8/12/2023	5/20/2023	1/28/2023	11/5/2022
Net Change in Cash & Equivalents	10,558	-63	980	158	-695	-212	1,617	99	-186
Net Cash From Operating Activities	926	1,122	2,342	1,920	504	1,504	2,860	1,160	911
Net Cash From Continuing Operating Activities	926	1,122	2,342	1,920	504	1,504	2,860	1,160	911
Net Income / (Loss) Continuing Operations	617	465	956	739	647	-179	962	451	401
Consolidated Net Income / (Loss)	617	465	956	739	647	-179	962	451	401
Depreciation Expense	758	750	978	729	722	717	957	706	685
Amortization Expense	138	140	187	153	142	142	188	143	142
Non-Cash Adjustments To Reconcile Net Income	-22	196	92	203	74	-317	256	-112	387
Changes in Operating Assets and Liabilities, net	-565	-429	129	96	-1,081	1,141	497	-28	-704
Net Cash From Investing Activities	-497	-891	-1,014	-1,005	-950	-848	-947	-823	-804
Net Cash From Continuing Investing Activities	-497	-891	-1,014	-1,005	-950	-848	-947	-823	-804
Purchase of Property, Plant & Equipment	-954	-875	-1,304	-997	-953	-926	-1,028	-817	-831
Sale of Property, Plant & Equipment	1.00	5.00	304	7.00	5.00	3.00	86	7.00	34
Other Investing Activities, net	-8.00	-21	-14	-15	-2.00	75	-5.00	-13	-7.00
Net Cash From Financing Activities	10,129	-294	-348	-757	-249	-868	-296	-238	-293
Net Cash From Continuing Financing Activities	10,129	-294	-348	-757	-249	-868	-296	-238	-293
Repayment of Debt	-143	-79	-120	-562	-38	-675	-102	-49	-104
Repurchase of Common Equity	-9.00	-13	-103	-8.00	-7.00	-18	-29	-8.00	-10
Payment of Dividends	-231	-210	-210	-210	-210	-188	-188	-188	-187
Issuance of Common Equity	13	8.00	85	8.00	6.00	13	23	7.00	8.00
Cash Interest Paid	-42	122	70	108	72	144	164	89	77
Cash Income Taxes Paid	329	78	119	172	289	198	92	49	217

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

Metric	2025	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020	2/2/2019	2/3/2018	1/28/2017	1/30/2016
Total Assets	52,616	50,505	49,623	49,086	48,662	45,256	38,118	37,197	36,505	33,897
Total Current Assets	15,273	12,948	12,670	12,174	12,503	10,890	10,803	11,117	10,340	9,892
Cash & Equivalents	3,959	1,883	1,015	1,821	1,687	399	429	347	322	277
Accounts Receivable	2,195	2,136	2,234	1,828	1,781	1,706	1,589	1,637	1,649	1,734
Inventories, net	7,038	7,105	7,560	6,783	7,063	7,084	6,846	6,533	6,561	6,168
Prepaid Expenses	769	609	734	660	876	522	592	835	898	790
Other Current Assets	1,312	1,215	1,127	1,082	1,096	1,179	1,181	1,161	910	923
Plant, Property, & Equipment, net	25,703	25,230	24,726	23,789	22,386	0.00	21,635	21,071	21,016	19,619
Total Noncurrent Assets	11,640	12,327	12,227	13,123	13,773	34,366	5,680	5,009	5,149	4,386
Goodwill	2,674	2,916	2,916	3,076	3,076	3,076	3,087	2,925	3,031	2,724
Intangible Assets	834	899	899	942	997	1,066	1,258	1,100	1,153	1,053
Other Noncurrent Operating Assets	8,132	8,512	8,412	9,105	9,700	30,224	1,335	984	965	609
Total Liabilities & Shareholders' Equity	52,616	50,505	49,623	49,086	48,662	45,256	38,118	37,197	36,505	33,897
Total Liabilities	44,335	38,904	39,609	39,657	39,112	36,683	30,283	30,292	29,795	27,099
Total Current Liabilities	15,940	16,058	17,238	16,323	15,366	14,243	14,274	14,197	12,860	12,971
Short-Term Debt	272	198	1,310	555	911	1,965	3,157	3,560	2,252	2,370
Accounts Payable	10,124	10,381	10,179	7,117	6,679	6,349	6,059	5,858	5,818	5,728
Accrued Expenses	1,330	1,323	1,746	1,736	1,413	1,168	1,227	1,099	1,234	1,426
Other Current Liabilities	4,214	4,156	4,003	6,915	6,363	4,761	3,780	3,421	3,305	3,226
Total Noncurrent Liabilities	28,395	22,846	22,371	23,334	23,746	22,440	16,009	16,095	16,935	14,128
Long-Term Debt	17,633	12,028	12,068	12,809	12,502	12,111	12,072	12,029	11,825	9,709
Noncurrent Deferred & Payable Income Tax Liabilities	1,417	1,579	1,672	1,562	1,542	1,466	1,562	1,568	1,927	1,752
Noncurrent Employee Benefit Liabilities	387	385	436	478	535	608	494	792	1,524	1,380
Other Noncurrent Operating Liabilities	8,958	8,854	8,195	8,485	9,167	8,255	1,881	1,706	1,659	1,287
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,281	11,601	10,014	9,429	9,550	8,573	7,835	6,905	6,710	6,798
Total Preferred & Common Equity	8,285	11,615	10,042	9,452	9,576	8,602	7,886	6,931	6,698	6,820
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	8,285	11,615	10,042	9,452	9,576	8,602	7,886	6,931	6,698	6,820
Common Stock	5,005	5,840	5,723	5,575	5,379	5,255	5,163	5,079	4,988	4,898
Retained Earnings	28,724	26,946	25,601	24,066	23,018	20,978	19,681	17,007	15,543	14,011
Treasury Stock	-24,823	-20,682	-20,650	-19,722	-18,191	-16,991	-16,612	-14,684	-13,118	-11,409
Accumulated Other Comprehensive Income / (Loss)	-621	-489	-632	-467	-630	-640	-346	-471	-715	-680
Noncontrolling Interest	-4.00	-14	-28	-23	-26	-29	-51	-26	12	-22

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

Metric	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	11/9/2024	8/17/2024	5/25/2024	2/3/2024	11/4/2023	8/12/2023	5/20/2023	1/28/2023	11/5/2022
Total Assets	62,418	51,443	51,579	50,505	51,021	50,202	50,193	49,623	49,987
Total Current Assets	25,025	14,063	14,163	12,948	13,439	12,851	13,204	12,670	13,403
Cash & Equivalents	13,358	2,786	2,846	1,883	1,725	2,420	2,632	1,015	916
Accounts Receivable	2,193	2,149	1,968	2,136	1,938	1,820	1,766	2,234	2,019
Inventories, net	7,585	6,643	6,694	7,105	7,931	6,828	7,030	7,560	8,666
Prepaid Expenses	807	805	822	609	648	642	633	734	593
Other Current Assets	1,082	1,091	1,226	1,215	1,197	1,141	1,143	1,127	1,209
Plant, Property, & Equipment, net	25,698	25,708	25,537	25,230	24,882	24,894	24,935	24,726	24,080
Total Noncurrent Assets	11,695	11,672	11,879	12,327	12,700	12,457	12,054	12,227	12,504
Goodwill	2,674	2,673	2,673	2,916	2,916	2,916	2,916	2,916	3,076
Intangible Assets	865	866	864	899	890	885	893	899	906
Other Noncurrent Operating Assets	8,156	8,133	8,342	8,512	8,894	8,656	8,245	8,412	8,522
Total Liabilities & Shareholders' Equity	62,418	51,443	51,579	50,505	51,021	50,202	50,193	49,623	49,987
Total Liabilities	49,524	38,931	39,166	38,904	39,830	39,598	39,313	39,609	40,058
Total Current Liabilities	16,274	16,132	16,378	16,058	16,785	16,537	17,130	17,238	17,738
Short-Term Debt	187	196	198	198	724	716	1,319	1,310	788
Accounts Payable	10,521	10,344	10,777	10,381	8,149	7,597	7,353	10,179	8,219
Accrued Expenses	1,185	1,261	1,208	1,323	1,177	1,182	1,130	1,746	1,463
Other Current Liabilities	4,381	4,139	3,953	4,156	6,735	7,042	7,328	4,003	7,268
Total Noncurrent Liabilities	33,250	22,799	22,788	22,846	23,045	23,061	22,183	22,371	22,320
Long-Term Debt	22,414	12,034	12,021	12,028	12,039	12,075	12,114	12,068	12,442
Noncurrent Deferred & Payable Income Tax Liabilities	1,556	1,531	1,535	1,579	1,506	1,452	1,694	1,672	1,481
Noncurrent Employee Benefit Liabilities	371	377	386	385	387	419	427	436	407
Other Noncurrent Operating Liabilities	8,909	8,857	8,846	8,854	9,113	9,115	7,948	8,195	7,990
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	12,894	12,512	12,413	11,601	11,191	10,604	10,880	10,014	9,929
Total Preferred & Common Equity	12,900	12,518	12,418	11,615	11,209	10,626	10,905	10,042	9,955
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	12,900	12,518	12,418	11,615	11,209	10,626	10,905	10,042	9,955
Common Stock	5,956	5,905	5,902	5,840	5,789	5,758	5,744	5,723	5,676
Retained Earnings	28,299	27,917	27,683	26,946	26,421	25,984	26,375	25,601	25,338
Treasury Stock	-20,766	-20,764	-20,748	-20,682	-20,680	-20,676	-20,670	-20,650	-20,647
Accumulated Other Comprehensive Income / (Loss)	-589	-540	-419	-489	-321	-440	-544	-632	-412
Noncontrolling Interest	-6.00	-6.00	-5.00	-14	-18	-22	-25	-28	-26

This table displays calculated financial ratios and metrics derived from Kroger's official financial filings.

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	2/1/2025	2/3/2024	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020	2/2/2019	2/3/2018	1/28/2017	1/30/2016
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	1.20%	7.52%	4.07%	8.35%	0.36%	-1.16%	6.89%	5.01%	1.26%
EBITDA Growth	13.10%	0.00%	-11.21%	12.69%	11.16%	8.15%	-19.07%	56.23%	-21.73%	1.96%	11.41%
EBIT Growth	25.66%	0.00%	-24.95%	20.97%	22.57%	15.74%	-47.22%	120.53%	-39.32%	-3.92%	13.99%
NOPAT Growth	29.96%	0.00%	-25.95%	13.22%	32.29%	24.26%	-15.06%	-39.17%	43.42%	-2.11%	14.47%
Net Income Growth	0.00%	0.00%	-3.56%	34.99%	-35.63%	71.16%	-50.88%	62.94%	-3.47%	-4.49%	17.29%
EPS Growth	0.00%	0.00%	-3.27%	41.01%	-33.64%	60.29%	-45.74%	79.90%	1.95%	-0.49%	19.77%
Operating Cash Flow Growth	0.00%	0.00%	50.91%	-27.33%	-9.17%	46.12%	12.01%	22.00%	-20.11%	-13.12%	16.65%
Free Cash Flow Firm Growth	0.00%	0.00%	56.25%	-42.70%	0.62%	56.38%	52.39%	-34.37%	338.51%	-15.93%	-66.36%
Invested Capital Growth	1.29%	0.00%	-1.94%	6.70%	-1.43%	-4.38%	-1.20%	3.29%	6.53%	10.03%	10.91%
Revenue Q/Q Growth	0.00%	0.00%	1.52%	1.21%	1.70%	1.41%	0.50%	-2.69%	3.39%	1.27%	0.88%
EBITDA Q/Q Growth	0.00%	0.00%	6.26%	-8.21%	63.11%	-19.77%	13.66%	6.48%	-15.95%	-0.10%	1.02%
EBIT Q/Q Growth	0.00%	0.00%	13.51%	-15.24%	354.22%	-35.43%	-1.10%	9.89%	-28.99%	-2.00%	0.45%
NOPAT Q/Q Growth	0.00%	0.00%	16.47%	-5.17%	44.07%	-20.30%	7.95%	-29.55%	70.82%	-1.91%	1.95%
Net Income Q/Q Growth	0.00%	0.00%	15.31%	-4.99%	63.17%	-13.24%	4.71%	-16.34%	22.82%	-3.17%	2.09%
EPS Q/Q Growth	0.00%	0.00%	15.63%	-4.08%	60.74%	-12.80%	0.99%	-12.96%	18.75%	-5.09%	-0.48%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	12.61%	-5.05%	8.43%	4.64%	4.13%	1.76%	-11.81%	-5.65%	5.15%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	36.83%	-12.68%	29.25%	-0.40%	7.55%	13.64%	18.51%	191.11%	-68.43%
Invested Capital Q/Q Growth	0.00%	0.00%	-1.28%	0.60%	0.23%	-0.51%	1.94%	1.97%	7.08%	1.86%	7.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	22.70%	22.24%	22.24%	21.43%	22.01%	23.32%	22.07%	21.95%	22.28%	22.40%	22.16%
EBITDA Margin	5.29%	4.58%	4.58%	5.22%	4.98%	4.67%	4.67%	5.80%	3.67%	5.01%	5.16%
Operating Margin	2.62%	2.06%	2.06%	2.78%	2.52%	2.10%	1.84%	2.15%	2.12%	2.99%	3.26%
EBIT Margin	2.67%	2.08%	2.08%	2.81%	2.50%	2.12%	1.98%	3.77%	1.69%	2.98%	3.26%
Profit (Net Income) Margin	1.82%	1.45%	1.45%	1.52%	1.21%	1.95%	1.24%	2.53%	1.53%	1.70%	1.87%
Tax Burden Percent	79.95%	76.48%	76.48%	77.50%	81.23%	76.80%	76.33%	77.38%	127.29%	67.16%	66.23%
Interest Burden Percent	85.08%	90.72%	90.72%	69.68%	59.57%	119.97%	81.62%	86.52%	71.18%	84.81%	86.52%
Effective Tax Rate	20.05%	23.52%	23.52%	22.50%	18.77%	23.20%	23.67%	22.62%	-27.29%	32.84%	33.78%
Return on Invested Capital (ROIC)	13.93%	10.79%	10.69%	14.75%	13.37%	9.81%	7.68%	9.13%	15.73%	11.87%	13.39%
ROIC Less NNEP Spread (ROIC-NNEP)	10.60%	8.87%	8.93%	6.82%	3.41%	13.38%	6.22%	16.26%	5.71%	9.04%	10.63%
Return on Net Nonoperating Assets (RNNOA)	17.84%	7.91%	9.38%	8.38%	4.19%	18.75%	10.75%	32.64%	12.02%	17.11%	20.09%
Return on Equity (ROE)	31.78%	18.70%	20.07%	23.13%	17.56%	28.56%	18.43%	41.76%	27.75%	28.98%	33.48%
Cash Return on Invested Capital (CROIC)	12.65%	0.00%	12.64%	8.27%	14.81%	14.29%	8.88%	5.89%	9.41%	2.32%	3.05%
Operating Return on Assets (OROA)	7.47%	6.19%	6.24%	8.44%	7.04%	5.98%	5.82%	12.21%	5.66%	9.76%	11.11%
Return on Assets (ROA)	5.08%	4.29%	4.33%	4.56%	3.41%	5.51%	3.63%	8.17%	5.13%	5.56%	6.36%
Return on Common Equity (ROCE)	31.79%	18.72%	20.11%	23.20%	17.60%	28.65%	18.52%	41.98%	27.78%	29.00%	33.46%
Return on Equity Simple (ROE_SIMPLE)	32.25%	18.67%	18.67%	22.40%	17.63%	27.03%	17.58%	39.03%	27.25%	29.22%	30.04%
Net Operating Profit after Tax (NOPAT)	3,077	2,368	2,368	3,198	2,824	2,135	1,718	2,023	3,325	2,318	2,368
NOPAT Margin	2.09%	1.58%	1.58%	2.16%	2.05%	1.61%	1.41%	1.66%	2.70%	2.01%	2.16%
Net Nonoperating Expense Percent (NNEP)	3.34%	1.92%	1.75%	7.94%	9.96%	-3.57%	1.45%	-7.14%	10.02%	2.83%	2.76%
Return On Investment Capital (ROIC_SIMPLE)	11.75%	-	-	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	77.30%	77.76%	77.76%	78.57%	77.99%	76.68%	77.93%	78.05%	77.72%	77.60%	77.84%
SG&A Expenses to Revenue	17.29%	17.50%	17.50%	16.09%	16.83%	18.49%	17.34%	17.06%	17.45%	16.61%	16.34%
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	20.09%	20.17%	20.17%	18.65%	19.49%	21.22%	20.23%	19.81%	20.16%	19.41%	18.90%
Earnings before Interest and Taxes (EBIT)	3,928	3,126	3,126	4,165	3,443	2,809	2,427	4,598	2,085	3,436	3,576
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,777	6,876	6,876	7,744	6,872	6,182	5,716	7,063	4,521	5,776	5,665
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.36	2.86	2.81	3.08	3.18	2.53	2.26	2.50	3.18	3.91	4.58
Price to Tangible Book Value (P/TBV)	9.29	4.26	4.18	4.97	5.53	4.40	4.35	5.58	7.58	10.42	10.26
Price to Revenue (P/Rev)	0.30	0.22	0.22	0.21	0.22	0.18	0.16	0.16	0.18	0.23	0.28
Price to Earnings (P/E)	16.66	15.36	15.07	13.79	18.17	9.37	11.70	6.35	11.56	13.26	15.32
Dividend Yield	1.99%	2.40%	2.43%	2.17%	1.91%	2.14%	2.47%	3.98%	1.96%	1.61%	1.23%
Earnings Yield	6.00%	6.51%	6.64%	7.25%	5.50%	10.67%	8.54%	15.74%	8.65%	7.54%	6.53%
Enterprise Value to Invested Capital (EV/IC)	2.62	1.99	1.96	1.93	1.98	1.69	1.49	1.53	1.71	1.95	2.31
Enterprise Value to Revenue (EV/Rev)	0.40	0.29	0.29	0.29	0.30	0.27	0.27	0.28	0.30	0.35	0.39
Enterprise Value to EBITDA (EV/EBITDA)	7.50	6.34	6.24	5.59	6.05	5.81	5.78	4.88	8.24	6.92	7.59
Enterprise Value to EBIT (EV/EBIT)	14.85	13.94	13.74	10.39	12.08	12.79	13.62	7.50	17.87	11.63	12.03
Enterprise Value to NOPAT (EV/NOPAT)	18.95	18.40	18.13	13.53	14.73	16.83	19.24	17.06	11.21	17.23	18.16
Enterprise Value to Operating Cash Flow (EV/OCF)	10.07	6.42	6.33	9.62	6.72	5.27	7.09	8.29	10.92	9.35	8.75
Enterprise Value to Free Cash Flow (EV/FCFF)	20.87	0.00	15.33	24.14	13.30	11.55	16.63	26.45	18.74	88.13	79.77
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.16	1.05	1.05	1.34	1.42	1.40	1.64	1.94	2.26	2.10	1.78
Long-Term Debt to Equity	2.13	1.04	1.04	1.21	1.36	1.31	1.41	1.54	1.74	1.76	1.43
Financial Leverage	1.68	0.89	1.05	1.23	1.23	1.40	1.73	2.01	2.10	1.89	1.89
Leverage Ratio	6.35	4.35	4.63	5.08	5.15	5.18	5.08	5.11	5.41	5.21	5.26
Compound Leverage Factor	5.41	3.95	4.20	3.54	3.07	6.22	4.15	4.42	3.85	4.42	4.55
Debt to Total Capital	68.38%	51.31%	51.31%	57.19%	58.63%	58.41%	62.15%	66.03%	69.30%	67.72%	63.99%
Short-Term Debt to Total Capital	1.04%	0.83%	0.83%	5.60%	2.44%	3.97%	8.68%	13.69%	15.83%	10.83%	12.56%
Long-Term Debt to Total Capital	67.34%	50.48%	50.48%	51.59%	56.20%	54.44%	53.47%	52.34%	53.48%	56.89%	51.43%
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	-0.02%	-0.06%	-0.06%	-0.12%	-0.10%	-0.11%	-0.13%	-0.22%	-0.12%	0.06%	-0.12%
Common Equity to Total Capital	31.64%	48.75%	48.75%	42.93%	41.47%	41.70%	37.98%	34.19%	30.81%	32.22%	36.13%
Debt to EBITDA	2.30	1.78	1.78	1.73	1.94	2.17	2.46	2.16	3.45	2.44	2.13
Net Debt to EBITDA	1.79	1.50	1.50	1.60	1.68	1.90	2.39	2.10	3.37	2.38	2.08
Long-Term Debt to EBITDA	2.27	1.75	1.75	1.56	1.86	2.02	2.12	1.71	2.66	2.05	1.71
Debt to NOPAT	5.82	5.16	5.16	4.18	4.73	6.28	8.19	7.53	4.69	6.07	5.10
Net Debt to NOPAT	4.53	4.37	4.37	3.87	4.09	5.49	7.96	7.32	4.58	5.93	4.98
Long-Term Debt to NOPAT	5.73	5.08	5.08	3.77	4.54	5.86	7.05	5.97	3.62	5.10	4.10
Altman Z-Score	4.39	4.36	4.35	4.35	4.08	3.88	3.76	4.60	4.48	4.51	4.75
Noncontrolling Interest Sharing Ratio	-0.05%	-0.12%	-0.19%	-0.26%	-0.26%	-0.30%	-0.49%	-0.52%	-0.10%	-0.07%	0.07%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.96	0.81	0.81	0.74	0.75	0.81	0.76	0.76	0.78	0.80	0.76
Quick Ratio	0.39	0.25	0.25	0.19	0.22	0.23	0.15	0.14	0.14	0.15	0.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,794	0.00	2,801	1,793	3,128	3,109	1,988	1,305	1,988	453	539
Operating Cash Flow to CapEx	159.18%	178.49%	178.49%	149.93%	251.52%	252.41%	163.36%	144.48%	127.78%	119.76%	148.82%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	6.35	3.35	5.48	5.71	3.30	2.10	3.31	0.87	1.12
Operating Cash Flow to Interest Expense	0.00	15.39	15.39	8.41	10.84	12.53	7.73	6.72	5.68	8.18	10.20
Operating Cash Flow Less CapEx to Interest Expense	0.00	6.77	6.77	2.80	6.53	7.56	3.00	2.07	1.23	1.35	3.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.80	2.97	3.00	3.00	2.82	2.82	2.93	3.24	3.35	3.28	3.41
Accounts Receivable Turnover	67.03	70.24	68.67	73.00	76.41	76.00	74.23	75.54	75.03	68.19	73.22
Inventory Turnover	16.16	16.42	15.91	16.24	15.53	14.36	13.68	14.22	14.63	14.06	14.42
Fixed Asset Turnover	5.72	5.95	6.01	6.11	5.97	0.00	0.00	5.71	5.86	5.68	5.85
Accounts Payable Turnover	11.23	11.24	11.35	13.47	15.59	15.60	15.36	15.96	16.41	15.50	15.86
Days Sales Outstanding (DSO)	5.45	5.20	5.32	5.00	4.78	4.80	4.92	4.83	4.86	5.35	4.99
Days Inventory Outstanding (DIO)	22.59	22.23	22.94	22.47	23.50	25.41	26.68	25.67	24.94	25.96	25.31
Days Payable Outstanding (DPO)	32.49	32.48	32.16	27.10	23.41	23.40	23.76	22.87	22.24	23.54	23.01
Cash Conversion Cycle (CCC)	-4.46	-5.05	-3.91	0.37	4.86	6.81	7.83	7.64	7.57	7.77	7.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	22,227	21,944	21,944	22,377	20,972	21,276	22,250	22,520	21,802	20,465	18,600
Invested Capital Turnover	6.66	6.84	6.77	6.84	6.53	6.09	5.46	5.50	5.83	5.90	6.21
Increase / (Decrease) in Invested Capital	283	0.00	-433	1,405	-304	-974	-270	718	1,337	1,865	1,829
Enterprise Value (EV)	58,328	43,568	42,939	43,276	41,594	35,922	33,063	34,502	37,258	39,952	43,014
Market Capitalization	44,386	33,239	32,610	30,941	30,074	24,222	19,415	19,753	22,042	26,185	31,234
Book Value per Share	$11.45	$16.14	$16.14	$14.03	$12.86	$12.58	$10.74	$9.89	$7.86	$7.14	$7.00
Tangible Book Value per Share	$6.60	$10.84	$10.84	$8.70	$7.39	$7.23	$5.57	$4.44	$3.30	$2.68	$3.12
Total Capital	26,186	23,827	23,827	23,392	22,793	22,963	22,649	23,064	22,494	20,787	18,877
Total Debt	17,905	12,226	12,226	13,378	13,364	13,413	14,076	15,229	15,589	14,077	12,079
Total Long-Term Debt	17,633	12,028	12,028	12,068	12,809	12,502	12,111	12,072	12,029	11,825	9,709
Net Debt	13,946	10,343	10,343	12,363	11,543	11,726	13,677	14,800	15,242	13,755	11,802
Capital Expenditures (CapEx)	3,640	3,803	3,803	3,000	2,461	2,700	2,855	2,882	2,671	3,567	3,304
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,354	-4,795	-4,795	-4,273	-5,415	-3,639	-1,787	-743	133	-590	-986
Debt-free Net Working Capital (DFNWC)	-395	-2,912	-2,912	-3,258	-3,594	-1,952	-1,388	-314	480	-268	-709
Net Working Capital (NWC)	-667	-3,110	-3,110	-4,568	-4,149	-2,863	-3,353	-3,471	-3,080	-2,520	-3,079
Net Nonoperating Expense (NNE)	405	199	199	949	1,158	-453	206	-1,055	1,436	361	319
Net Nonoperating Obligations (NNO)	13,946	10,343	10,343	12,363	11,543	11,726	13,677	14,685	14,897	13,755	11,802
Total Depreciation and Amortization (D&A)	3,849	3,750	3,750	3,579	3,429	3,373	3,289	2,465	2,436	2,340	2,089
Debt-free, Cash-free Net Working Capital to Revenue	-2.96%	-3.20%	-3.20%	-2.88%	-3.93%	-2.75%	-1.46%	-0.61%	0.11%	-0.51%	-0.90%
Debt-free Net Working Capital to Revenue	-0.27%	-1.94%	-1.94%	-2.20%	-2.61%	-1.47%	-1.14%	-0.26%	0.39%	-0.23%	-0.65%
Net Working Capital to Revenue	-0.45%	-2.07%	-2.07%	-3.08%	-3.01%	-2.16%	-2.74%	-2.85%	-2.50%	-2.18%	-2.80%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.70	$2.99	$2.99	$3.10	$2.20	$3.31	$2.05	$3.80	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	715M	718M	718M	718M	744M	773M	799M	810M	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$3.67	$2.96	$2.96	$3.06	$2.17	$3.27	$2.04	$3.76	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	720M	725M	725M	727M	754M	781M	805M	818M	0.00	0.00	0.00
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	660.89M	721.69M	721.69M	717.47M	723.31M	751.99M	777.89M	798.33M	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	3,077	2,368	2,368	3,198	2,824	2,135	1,718	2,023	1,828	2,318	2,368
Normalized NOPAT Margin	2.09%	1.58%	1.58%	2.16%	2.05%	1.61%	1.41%	1.66%	1.48%	2.01%	2.16%
Pre Tax Income Margin	2.27%	1.89%	1.89%	1.96%	1.49%	2.54%	1.62%	3.26%	1.20%	2.53%	2.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	7.09	7.09	7.79	6.03	5.16	4.02	7.42	3.47	6.58	7.42
NOPAT to Interest Expense	0.00	5.37	5.37	5.98	4.95	3.92	2.85	3.26	5.53	4.44	4.91
EBIT Less CapEx to Interest Expense	0.00	-1.54	-1.54	2.18	1.72	0.20	-0.71	2.77	-0.98	-0.25	0.56
NOPAT Less CapEx to Interest Expense	0.00	-3.25	-3.25	0.37	0.64	-1.04	-1.89	-1.39	1.09	-2.39	-1.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.05%	36.70%	36.70%	30.32%	35.35%	20.63%	32.14%	14.20%	23.45%	21.92%	20.06%
Augmented Payout Ratio	188.59%	39.56%	39.56%	74.48%	134.21%	71.79%	62.90%	79.50%	109.90%	112.16%	54.37%

This table displays calculated financial ratios and metrics derived from Kroger's official financial filings.

Metric	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	11/9/2024	8/17/2024	5/25/2024	2/3/2024	11/4/2023	8/12/2023	5/20/2023	1/28/2023	11/5/2022
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.95%	0.17%	0.23%	6.44%	-0.70%	-2.27%	1.27%	5.37%	7.34%
EBITDA Growth	1.52%	340.21%	-6.14%	24.16%	5.78%	-78.35%	1.04%	-29.25%	5.80%
EBIT Growth	-0.55%	273.67%	-12.24%	44.98%	7.04%	-148.81%	-2.76%	-47.53%	7.71%
NOPAT Growth	-8.36%	284.38%	-8.34%	57.86%	8.42%	-145.18%	-8.20%	-22.14%	-14.62%
Net Income Growth	-4.64%	359.78%	-0.62%	63.86%	61.75%	-124.45%	44.44%	-20.74%	-17.53%
EPS Growth	-4.55%	356.00%	-2.27%	65.57%	60.00%	-125.00%	46.67%	-17.57%	-14.06%
Operating Cash Flow Growth	83.73%	-25.40%	-18.11%	65.52%	-44.68%	13.51%	159.53%	-17.08%	-45.38%
Free Cash Flow Firm Growth	2.83%	-93.20%	17.83%	270.61%	204.11%	333.80%	75.39%	-175.29%	-156.20%
Invested Capital Growth	-0.41%	2.78%	-1.20%	-1.94%	-0.06%	-3.85%	0.14%	6.70%	6.30%
Revenue Q/Q Growth	-0.82%	-25.09%	22.14%	9.15%	0.31%	-25.05%	29.70%	1.82%	-1.27%
EBITDA Q/Q Growth	5.56%	-30.65%	18.36%	16.71%	357.73%	-85.21%	56.56%	-0.18%	-6.31%
EBIT Q/Q Growth	10.88%	-36.98%	8.26%	30.47%	293.63%	-131.85%	78.84%	-2.93%	-11.71%
NOPAT Q/Q Growth	2.78%	-40.48%	10.04%	36.13%	306.79%	-129.59%	89.50%	-6.50%	-13.82%
Net Income Q/Q Growth	32.69%	-51.36%	29.36%	14.22%	461.45%	-118.61%	113.30%	12.75%	-45.36%
EPS Q/Q Growth	31.25%	-50.39%	27.72%	14.77%	452.00%	-118.94%	116.39%	10.91%	-45.00%
Operating Cash Flow Q/Q Growth	-17.47%	-52.09%	21.98%	280.95%	-66.49%	-47.41%	146.55%	27.33%	-31.25%
Free Cash Flow Firm Q/Q Growth	2,025.09%	-97.36%	-5.68%	94.65%	40.44%	-54.30%	236.56%	-18.78%	-685.17%
Invested Capital Q/Q Growth	2.68%	0.64%	-2.38%	-1.28%	5.98%	-3.26%	-3.11%	0.60%	1.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	22.85%	22.56%	22.41%	22.72%	22.03%	21.79%	22.33%	21.76%	21.37%
EBITDA Margin	5.36%	5.04%	5.44%	5.61%	5.23%	1.15%	5.81%	4.81%	4.91%
Operating Margin	2.46%	2.40%	2.86%	3.22%	2.69%	-1.41%	3.25%	2.37%	2.46%
EBIT Margin	2.70%	2.41%	2.87%	3.23%	2.69%	-1.39%	3.27%	2.37%	2.49%
Profit (Net Income) Margin	1.83%	1.37%	2.11%	1.99%	1.91%	-0.53%	2.13%	1.30%	1.17%
Tax Burden Percent	76.74%	75.86%	80.27%	79.12%	76.03%	90.86%	77.08%	72.39%	76.05%
Interest Burden Percent	88.64%	74.94%	91.76%	77.90%	93.31%	41.83%	84.38%	75.33%	61.74%
Effective Tax Rate	23.26%	24.14%	19.73%	20.88%	23.97%	0.00%	22.92%	27.61%	23.95%
Return on Invested Capital (ROIC)	12.76%	12.88%	15.99%	17.24%	13.57%	-6.85%	17.23%	11.75%	12.69%
ROIC Less NNEP Spread (ROIC-NNEP)	12.58%	11.30%	15.15%	15.44%	13.18%	-5.47%	15.75%	10.52%	10.67%
Return on Net Nonoperating Assets (RNNOA)	10.60%	9.49%	12.88%	16.22%	14.57%	-6.09%	17.91%	12.93%	13.05%
Return on Equity (ROE)	23.36%	22.37%	28.87%	33.46%	28.14%	-12.94%	35.15%	24.68%	25.75%
Cash Return on Invested Capital (CROIC)	15.01%	12.75%	11.75%	12.64%	9.21%	13.15%	14.25%	8.27%	9.51%
Operating Return on Assets (OROA)	7.13%	7.13%	8.46%	9.69%	7.86%	-4.16%	9.82%	7.13%	7.31%
Return on Assets (ROA)	4.85%	4.05%	6.23%	5.98%	5.58%	-1.58%	6.39%	3.89%	3.43%
Return on Common Equity (ROCE)	23.38%	22.39%	28.91%	33.53%	28.20%	-12.97%	35.22%	24.74%	25.82%
Return on Equity Simple (ROE_SIMPLE)	21.53%	22.42%	17.42%	0.00%	16.78%	15.38%	23.34%	0.00%	23.78%
Net Operating Profit after Tax (NOPAT)	635	618	1,039	944	693	-335	1,133	598	640
NOPAT Margin	1.89%	1.82%	2.29%	2.55%	2.04%	-0.99%	2.51%	1.72%	1.87%
Net Nonoperating Expense Percent (NNEP)	0.18%	1.58%	0.83%	1.81%	0.40%	-1.39%	1.48%	1.23%	2.02%
Return On Investment Capital (ROIC_SIMPLE)	1.79%	-	-	-	2.89%	-	-	-	-
Cost of Revenue to Revenue	77.15%	77.44%	77.59%	77.28%	77.97%	78.21%	77.67%	78.24%	78.63%
SG&A Expenses to Revenue	17.54%	17.36%	16.80%	16.94%	16.63%	20.49%	16.37%	16.79%	16.34%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.39%	20.16%	19.55%	19.50%	19.34%	23.21%	19.07%	19.38%	18.91%
Earnings before Interest and Taxes (EBIT)	907	818	1,298	1,199	912	-471	1,479	827	852
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,803	1,708	2,463	2,081	1,776	388	2,624	1,676	1,679
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.34	3.07	3.06	2.81	2.83	3.21	3.17	3.08	3.18
Price to Tangible Book Value (P/TBV)	4.61	4.28	4.28	4.18	4.28	5.00	4.87	4.97	5.31
Price to Revenue (P/Rev)	0.29	0.26	0.25	0.22	0.21	0.23	0.23	0.21	0.22
Price to Earnings (P/E)	15.58	13.74	17.69	15.07	16.86	20.91	13.59	13.79	13.44
Dividend Yield	2.00%	2.24%	2.20%	2.43%	2.43%	2.19%	2.16%	2.17%	2.01%
Earnings Yield	6.42%	7.28%	5.65%	6.64%	5.93%	4.78%	7.36%	7.25%	7.44%
Enterprise Value to Invested Capital (EV/IC)	2.36	2.22	2.21	1.96	1.92	2.12	2.09	1.93	1.98
Enterprise Value to Revenue (EV/Rev)	0.35	0.32	0.32	0.29	0.29	0.30	0.30	0.29	0.30
Enterprise Value to EBITDA (EV/EBITDA)	6.49	5.95	7.06	6.24	6.61	6.98	5.83	5.59	5.21
Enterprise Value to EBIT (EV/EBIT)	12.38	11.30	16.09	13.74	15.54	16.54	10.99	10.39	8.95
Enterprise Value to NOPAT (EV/NOPAT)	16.17	14.51	20.85	18.13	21.00	22.52	14.53	13.53	13.04
Enterprise Value to Operating Cash Flow (EV/OCF)	8.30	8.12	7.56	6.33	7.08	6.91	7.25	9.62	9.28
Enterprise Value to Free Cash Flow (EV/FCFF)	15.72	17.64	18.71	15.33	20.86	15.80	14.68	24.14	21.42
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	1.75	0.98	0.98	1.05	1.14	1.21	1.23	1.34	1.33
Long-Term Debt to Equity	1.74	0.96	0.97	1.04	1.08	1.14	1.11	1.21	1.25
Financial Leverage	0.84	0.84	0.85	1.05	1.11	1.11	1.14	1.23	1.22
Leverage Ratio	4.71	4.40	4.37	4.63	4.78	4.89	4.90	5.08	5.14
Compound Leverage Factor	4.18	3.30	4.01	3.61	4.46	2.04	4.13	3.82	3.17
Debt to Total Capital	63.67%	49.43%	49.61%	51.31%	53.28%	54.67%	55.25%	57.19%	57.13%
Short-Term Debt to Total Capital	0.53%	0.79%	0.80%	0.83%	3.02%	3.06%	5.43%	5.60%	3.40%
Long-Term Debt to Total Capital	63.15%	48.64%	48.80%	50.48%	50.26%	51.61%	49.83%	51.59%	53.72%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.02%	-0.02%	-0.02%	-0.06%	-0.08%	-0.09%	-0.10%	-0.12%	-0.11%
Common Equity to Total Capital	36.34%	50.59%	50.41%	48.75%	46.79%	45.42%	44.85%	42.93%	42.99%
Debt to EBITDA	2.80	1.52	1.82	1.78	1.97	2.01	1.73	1.73	1.57
Net Debt to EBITDA	1.15	1.18	1.40	1.50	1.71	1.63	1.39	1.60	1.46
Long-Term Debt to EBITDA	2.78	1.50	1.79	1.75	1.86	1.90	1.56	1.56	1.47
Debt to NOPAT	6.98	3.71	5.38	5.16	6.28	6.48	4.31	4.18	3.92
Net Debt to NOPAT	2.85	2.87	4.12	4.37	5.43	5.25	3.46	3.87	3.65
Long-Term Debt to NOPAT	6.92	3.65	5.29	5.08	5.92	6.12	3.88	3.77	3.69
Altman Z-Score	3.77	4.28	4.28	4.23	4.08	4.07	4.23	4.12	4.07
Noncontrolling Interest Sharing Ratio	-0.10%	-0.12%	-0.13%	-0.19%	-0.21%	-0.20%	-0.21%	-0.26%	-0.28%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	1.54	0.87	0.86	0.81	0.80	0.78	0.77	0.74	0.76
Quick Ratio	0.96	0.31	0.29	0.25	0.22	0.26	0.26	0.19	0.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	727	34	1,299	1,377	707	504	1,102	-807	-679
Operating Cash Flow to CapEx	97.17%	128.97%	234.20%	193.94%	53.16%	162.95%	303.61%	143.21%	114.30%
Free Cash Flow to Firm to Interest Expense	0.00	0.41	10.56	13.63	0.00	5.42	7.20	-7.21	-5.71
Operating Cash Flow to Interest Expense	0.00	13.36	19.04	19.01	0.00	16.17	18.69	10.36	7.66
Operating Cash Flow Less CapEx to Interest Expense	0.00	3.00	10.91	9.21	0.00	6.25	12.54	3.13	0.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	2.64	2.96	2.95	3.00	2.93	2.99	3.00	3.00	2.94
Accounts Receivable Turnover	72.56	75.69	80.42	68.67	74.70	80.26	81.48	73.00	74.49
Inventory Turnover	14.95	17.30	17.01	15.91	13.89	16.36	16.21	16.24	14.20
Fixed Asset Turnover	5.93	5.94	5.95	6.01	6.04	6.04	6.06	6.11	6.18
Accounts Payable Turnover	12.42	12.99	12.88	11.35	14.09	15.38	15.64	13.47	14.28
Days Sales Outstanding (DSO)	5.03	4.82	4.54	5.32	4.89	4.55	4.48	5.00	4.90
Days Inventory Outstanding (DIO)	24.42	21.10	21.46	22.94	26.28	22.31	22.52	22.47	25.70
Days Payable Outstanding (DPO)	29.38	28.10	28.35	32.16	25.91	23.73	23.33	27.10	25.56
Cash Conversion Cycle (CCC)	0.07	-2.18	-2.35	-3.91	5.25	3.13	3.66	0.37	5.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	22,137	21,559	21,421	21,944	22,229	20,975	21,681	22,377	22,243
Invested Capital Turnover	6.76	7.06	6.97	6.77	6.65	6.92	6.87	6.84	6.79
Increase / (Decrease) in Invested Capital	-92	584	-260	-433	-14	-839	31	1,405	1,319
Enterprise Value (EV)	52,346	47,830	47,378	42,939	42,698	44,456	45,329	43,276	43,979
Market Capitalization	43,109	38,392	38,010	32,610	31,678	34,107	34,553	30,941	31,691
Book Value per Share	$17.83	$17.34	$17.21	$16.14	$15.58	$14.80	$15.20	$14.03	$13.91
Tangible Book Value per Share	$12.94	$12.44	$12.31	$10.84	$10.29	$9.51	$9.89	$8.70	$8.34
Total Capital	35,495	24,742	24,632	23,827	23,954	23,395	24,313	23,392	23,159
Total Debt	22,601	12,230	12,219	12,226	12,763	12,791	13,433	13,378	13,230
Total Long-Term Debt	22,414	12,034	12,021	12,028	12,039	12,075	12,114	12,068	12,442
Net Debt	9,243	9,444	9,373	10,343	11,038	10,371	10,801	12,363	12,314
Capital Expenditures (CapEx)	953	870	1,000	990	948	923	942	810	797
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,420	-4,659	-4,863	-4,795	-4,347	-5,390	-5,239	-4,273	-4,463
Debt-free Net Working Capital (DFNWC)	8,938	-1,873	-2,017	-2,912	-2,622	-2,970	-2,607	-3,258	-3,547
Net Working Capital (NWC)	8,751	-2,069	-2,215	-3,110	-3,346	-3,686	-3,926	-4,568	-4,335
Net Nonoperating Expense (NNE)	18	153	83	205	46	-156	171	147	240
Net Nonoperating Obligations (NNO)	9,243	9,047	9,008	10,343	11,038	10,371	10,801	12,363	12,314
Total Depreciation and Amortization (D&A)	896	890	1,165	882	864	859	1,145	849	827
Debt-free, Cash-free Net Working Capital to Revenue	-2.95%	-3.10%	-3.24%	-3.20%	-2.94%	-3.64%	-3.52%	-2.88%	-3.05%
Debt-free Net Working Capital to Revenue	5.96%	-1.25%	-1.34%	-1.94%	-1.77%	-2.01%	-1.75%	-2.20%	-2.42%
Net Working Capital to Revenue	5.84%	-1.38%	-1.48%	-2.07%	-2.26%	-2.49%	-2.64%	-3.08%	-2.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.85	$0.64	$1.30	$1.02	$0.89	($0.25)	$1.33	$0.63	$0.55
Adjusted Weighted Average Basic Shares Outstanding	723M	723M	721M	718M	719M	719M	717M	718M	716M
Adjusted Diluted Earnings per Share	$0.84	$0.64	$1.29	$1.01	$0.88	($0.25)	$1.32	$0.61	$0.55
Adjusted Weighted Average Diluted Shares Outstanding	728M	727M	727M	725M	725M	719M	724M	727M	724M
Adjusted Basic & Diluted Earnings per Share	$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	723.61M	723.49M	721.79M	721.69M	719.42M	719.32M	717.75M	717.47M	715.82M
Normalized Net Operating Profit after Tax (NOPAT)	635	618	1,039	944	693	-335	1,133	598	640
Normalized NOPAT Margin	1.89%	1.82%	2.29%	2.55%	2.04%	-0.99%	2.51%	1.72%	1.87%
Pre Tax Income Margin	2.39%	1.81%	2.63%	2.52%	2.51%	-0.58%	2.76%	1.79%	1.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	9.74	10.55	11.87	0.00	-5.06	9.67	7.38	7.16
NOPAT to Interest Expense	0.00	7.36	8.44	9.35	0.00	-3.61	7.41	5.34	5.37
EBIT Less CapEx to Interest Expense	0.00	-0.62	2.42	2.07	0.00	-14.99	3.51	0.15	0.46
NOPAT Less CapEx to Interest Expense	0.00	-3.00	0.31	-0.46	0.00	-13.53	1.25	-1.89	-1.32
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.00%	29.93%	37.82%	36.70%	41.15%	45.96%	28.13%	30.32%	27.46%
Augmented Payout Ratio	35.79%	34.59%	44.11%	39.56%	44.44%	49.94%	42.16%	74.48%	94.34%

Frequently Asked Questions About Kroger's Financials

When does Kroger's fiscal year end?

According to the most recent income statement we have on file, Kroger's financial year ends in February. Their financial year 2025 ended on February 1, 2025.

How has Kroger's net income changed over the last 9 years?

Kroger's net income were at $2.67 billion at the end of 2025, a 23.2% increase from 2023, and a 30.4% increase since 2015. See Kroger's forecast for analyst expectations on what’s next for the company.

What is Kroger's operating income?

Kroger's total operating income in 2025 was $3.85 billion, based on the following breakdown:

Total Gross Profit: $33.40 billion
Total Operating Expenses: $29.55 billion

How has Kroger revenue changed over the last 9 years?

Over the last 9 years, Kroger's total revenue changed from $109.83 billion in 2015 to $147.12 billion in 2025, a change of 34.0%.

How much debt does Kroger have?

Kroger's total liabilities were at $44.34 billion at the end of 2025, a 14.0% increase from 2023, and a 63.6% increase since 2015.

How much cash does Kroger have?

In the past 9 years, Kroger's cash and equivalents has ranged from $277 million in 2015 to $3.96 billion in 2025, and is currently $3.96 billion as of their latest financial filing in 2025.

How has Kroger's book value per share changed over the last 10 years?

Over the last 10 years, Kroger's book value per share changed from 7.00 in 2015 to 11.45 in 2025, a change of 63.6%.

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This page (NYSE:KR) was last updated on 5/20/2025 by MarketBeat.com Staff

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Kroger (KR) Financials

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Kroger (KR) Financials

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